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

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Sanctuary Point Property Factsheet 2nd Half 2017 OVERVIEW OVERVIEW Kogarah is located 14km south of the CBD. This welcoming area is well known for its sporting history, OVERVIEWOVERVIEW OVERVIEWpicturesque parks and foreshore, family- *IMAGE* SanctuaryOVERVIEWoriented Point islifestyle located and approx. diverse 200km fromdemographics Sydney. The and area cultures. is home to predominatelyKogarah is located elderly 14km couples south and of thewell 6.5cm HIGH establishedSydney CBD. families This welcoming seeking a relaxedarea is Half Change from Last Year lifestyle.well known With for picturesque its sporting views history, and Year 10.6cm WIDE beaches,picturesque Sanctuary parks and Point foreshore, is the perfect family - *IMAGE* placeoriented forHouse yourlifestyle holidaysales and diversehome. demographics and cultures. Half Change from Last Year House median Year 6.5cm HIGH Half Change from Last Year House Sales Year 10.6cm WIDE House rents House sales House Median Price Unit sales MARKET CONDITIONS HouseHouse Rentalmedian Price Unit median The Kogarah* property market witnessed a record-setting median house price House rents of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional Unit Sales MARKET CONDITIONS Unit rents Theannual Sanctuary growth Point* figures market of 20.4% recorded and a 9.6% median respectively. price of $447,500 In comparison, for houses UnitUnit Median sales Price housesin the andGeorges $427,722 River for Council units, representing area grew bya respective 15.2% to price$1,425,000 change andof units by 1.7%MARKET14.1% and to 23.5% $738,000. between CONDITIONS Kogarah* the past presents 12 months a uniqueto Q2 2017. opportunity, Dwelling whereby prices in their FUTURE DEVELOPMENTS** UnitUnit Rental median Price theThehouse area* Kogarah* price sit slightly point property belowclosely market the mirrors Shoalhaven witnessed that of aCity recordthe Council greater-setting median LGA median area price house however of price with Kogarah* is set to see approx. $511,000ofthe $1,415,000 potential for houses, andof stronger $663,000 but sits capital forabove units growth. the in medianQ1 Combined2017, price resulting of with units in record ($372,722).exceptional-setting median Unit rents$139.9M** of new projects commencing Thisannualprices indicates growthand positive that figures the growth Sanctuaryof 20.4% trend, and Point* 9.6%Kogarah* market respectively. hasis a ansought emergingIn comparison, after premiummarket houses by buyers FUTURE. in the DEVELOPMENTS** area. Mixed use development unitin the market Georges compared River Councilto the wider area councilgrew by region, 15.2% however to $1,425,000 offers anda more units by The Sanctuaryaccounted Point for area* the ismajority set to see of estimated affordable entry point for those seeking to purchase a house in the area. FUTURE DEVELOPMENTS** 14.1%Average to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, an approx.value $33.3M at $102.5M** of projects (73.3%), commence followed by house price point closely mirrors that of the greater LGA area however with nd decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has throughoutKogarah*residential is the set 2 to half seeprojects, ofapprox. 2017. which accounted for Averagetheemerged potential days for of on house stronger market vendor capitalfor houses discounting, growth. and Combinedunits pivoting in Q2 with 2017 to record7.2% saw above-asetting significant the median listing Commercial$139.9M** of developments new projects accountedcommencing for decline from the same period in the previous annum, now situated at 57 and approx. $20.0M** (14.3%), commercial pricesprice and positiveindicating growth a sellers’ trend, market.Kogarah* Units is a soughtare following after market a similar by buyers trend,. thein thevast area. majority Mixed of useprojects development over the 30 days respectively. Average vendor discounts for houses remained in the projects which contributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* periodaccounted totaling for $23.6Mthe majority (70.9%). of estimated buyer’s favour at -2.2%, indicating that sellers are willing to negotiate below (9.6%), and lastly infrastructure Average days to sell in Kogarah* have improved over the past 12 months, Infrastructurevalue at $102.5M** projects (73.3%), account followed for $7.4M by theirproperty first asking market price has to been sell house skewed properties. significantly Interestingly, towards the a sellers unit market market. contributing $3.9M** (2.8%). decreasingBuyers are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure2017. A the strong ideal trend properties, has (22.2%),residential followed projects, by whichmixed accounteduse projects for hasemerged dramatically for house pivoted vendor into discounting, the seller’s pivotingfavour at to an 7.2% average above discount the listing of totaling $1.8M (5.4%) and residential 1.2%,showing indicating the high that level buyers of aredemand willing and to offer competition more than present the first within list price. the market.approx.Currently $20.0M** the(14.3%), largest commercial development price and indicating a sellers’ market. Units are following a similar trend, projectsprojects totaling which contributed $0.5M (1.5%). $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club MedianMedian rents rents in thehave Sanctuary remained Point relatively area* havestable, seen whereby a stable houses increase have for (9.6%), and lastly infrastructure property market has been skewed significantly towards a sellers market. A main projectmixed developmentcommencing is ($83.0M**). the Naval The houseswitnessed over athe slight past increase12 months in to median Q2 2017, rent situated to $635 at and$365 units per week.softening slightlycontributing $3.9M** (2.8%). Buyers are increasingly willing to pay more to secure the ideal properties, College constructionRd Serviced Apartmentsof two 11 storey and buildings Unitsto $480 however, over thesaw pasta significant 12 months. increase Astute in rent investors by 11.6% however to $360 are per still benefiting will add a total of 220 apartments to the showing the high level of demand and competition present within the market. Hotel,Currently which the has largest an estimated development week.from Vacancylow vacancy rates rates currently of 1.2% sit at and2.0%, healthy indicating rental a slight yields increase of 2.5% over for housesconstruction Kogarah* value unitof $20.0M. market The as wellproject as underway is the Kogarah RSL Club theand annum. 3.8% Thatfor units. said, astute investors are benefitting from rental yields of will help drive tourism in the local area Median rents have remained relatively stable, whereby houses have mixed developmentconstruction ($83.0M**).of additional The retail facilities 4.2% (houses) and 4.5% (units). with 180 serviced apartments and 120 witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. hotel suites. The project is anticipated to SHOALHAVENtoGEORGES $480 over the past 12 RIVER CITYmonths. COUNCILAstute COUNCIL investors howeverGROWTH GROWTHare still benefiting will add a total of 220 apartments to the commence in November 2017. st from low400 vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah*The unit main market residential as well asprojects for 1 half and800 3.8% for units. $600,000 2017 include the Forest Road residential Anotherconstruction key commercial of additional development retail facilities is $500,000 development ($6.8M**), which will add 6 300 thesuch Inasmuch as an RSL Retirement club development. Village. An 600 townhouses and 1 dwelling; as well as GEORGES RIVER COUNCIL GROWTH$400,000$1,000,000 additional aged care facility will aid in The mainthe residential Bembridge projectsStreet for apartments 1st half 400400200 $300,000$1,500,000 facilitating supply to the predominant retiree2017 includedemographic($5.8M**) the Forest which in the Roadwill area. add residential 23 apartments

$200,000$500,000Median Price to the market. The focus on mixed use developmentMedian Price Heading ($6.8M**), which will add 6 200300100 * market data and key indicators encapsulates aggregate Number of Sales townhousesand residential and 1 dwelling; projects as well reflects as the high Number of Sales $100,000$1,000,000 property marketHeading conditions in the following suburbs: Sanctuary Point, St Georgesthe Basin, Bembridge interestOld , Streetand Worrowing demand apartments Heights, withinBasin View, the Bewong, area. 2000 0 $0 $0 Erowal Bay, , , Hyams Beach, Vincentia, Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Huskisson,($5.8M**) ,*Kogarah which Falls Development Creek, will , addfigures 23encapsulate Wandandian apartments aggregate & Sussex development market Q4 Q1 Q2 Q3 Q4 Q1$500,000 Inlet.to the market.conditions for Thethe following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, 100 2015 2016 2016 2016 2016 2017 Median Price **Estimated valuesHeadingBexley, are Monterey, based on Kogarahconstruction Bay .value provided by the House Unit relevantand data residential authority**Total project and does valueprojects not represents reflect commercialreflects the aggregate and/or the estimate rehigh-sale value of all residential, Number of Sales value. Quotedcommercial, construction industrial, and completion and infrastructure dates are estimate projects only.scheduled to commence in the Median House Price Median Unit Price Sourceinterest: APM Pricefinder,first and half of demand 2017. realestate.com.au, within Real the Estate area. Institute of NSW. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, AVERAGE VENDOR DISCOUNT* AVERAGEOVERVIEWAVERAGEpicturesque VENDOR VENDOR parks DISCOUNT and DISCOUNT foreshore, family- OVERVIEWoriented lifestyle and diverse *IMAGE*House Unit AverageAverage vendorvendor discountdiscount reflectsreflects the the demographics and cultures. 2.0% averageKogarahaverage percentage ispercentage located difference 14kmdifference south of betweenthe between first list price and final sold 6.5cm HIGH Sydneyfirst listed CBD.price This andwelcomingfinal sold areaprice is . A Half price. A lowerChange percentage from Last differenceYear 1.0% welllower knownpercentage for its sportingdifference history,suggests Year (closerpicturesquebuyers to zero)are parks suggestswilling andto foreshore,buyerspurchase are family close-to

10.6cm WIDE 1.2% willing to purchase close to the first 0.0% orientedthe firstHouse lifestyleasking sales andprice diverseof a property. *IMAGE* asking price of a property. demographics and cultures. 1.4% -1.0% 1.5% House median - - MARKET COMPARISON GRAPH 6.5cm HIGH 2.2% Half 1.9% 2.5% - -

- Change from Last Year 2.7% 2.9% -

- KEY FACTS UNIT Year

3.5% The market comparison graph provides 3.5% 1.0%

-2.0% - - - House rents 3.9%

- 10.6cm WIDE comparative trend for median price of House sales -3.0% house and units over the past 10 years. Suburbs profiledUnit sales are chosen based on House median MARKET-4.0% CONDITIONS proximity to the main suburb analysed in the factsheetUnit. medianThe main suburb is The Change from Listing to Sale Price Kogarah* property market witnessed a record-setting median house price highlightedHouse rents through a dotted black line of $1,415,000-5.0% and $663,000 for units in Q1 2017, resulting in exceptional graph, whichUnit isrents Sanctuary Point. annual growthQ1 figures 2016 ofQ2 20.4% 2016 andQ3 2016 9.6%Q4 respectively. 2016 Q1 2017 In comparison,Q2 2017 houses Unit sales in the Georges River Council area grew by 15.2% to $1,425,000 and units by MARKET14.1% to $738,000. CONDITIONS Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** HOUSE MARKET COMPARISON Unit median Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median $1,000,000 Unit rents$139.9M** of new projects commencing annualprices growthand positive figures growth of 20.4% trend, and 9.6%Kogarah* respectively. is a sought In comparison, after market houses by buyers . in the area. Mixed use development in the Georges River Council area grew by 15.2% to $1,425,000 and units by $800,000 FUTUREaccounted DEVELOPMENTS** for the majority of estimated 14.1%Average to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, value at $102.5M** (73.3%), followed by house price point closely mirrors that of the greater LGA area however with decreasing$600,000 to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*residential is set to seeprojects, approx. which accounted for the potential of stronger capital growth. Combined with record-setting median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial prices and positive growth trend, Kogarah* is a sought after market by buyers. price and$400,000 indicating a sellers’ market. Units are following a similar trend, in the area.projects Mixed which use developmentcontributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructureof estimated Average days to sell in Kogarah* have improved over the past 12 months, value at $102.5M** (73.3%), followed by property$200,000 market has been skewed significantly towards a sellers market. contributing $3.9M** (2.8%). decreasingBuyersHouse Median Price are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure2017. A the strong ideal trend properties, has residential projects, which accounted for emerged for house vendor discounting, pivoting to 7.2% above the listing approx. $20.0M** (14.3%), commercial showing the high$0 level of demand and competition present within the market. Currently the largest development price and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M** however slightly lower, 2008sitting at 0.8%.2009 This signifies2010 that2011 the Kogarah*2012 2013 2014underway2015 is the2016 Kogarah2017^ RSL Club Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The witnessed a slight increase in medianSanctuary rent Point to $635 and Stunits Georges softening Basin slightlycontributing Huskisson $3.9M** (2.8%).Vincentia Buyers are increasingly willing to pay more to secure the ideal properties, construction of two 11 storey buildings toAREA $480 overXXXXXX the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the showing the high level of demand and competition present within the market. Currently the largest development fromUNIT low vacancyMARKET rates of 1.2% COMPARISON and healthy rental yields of 2.5% for houses Kogarah* unit market as well as and 3.8% for units. underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have mixed developmentconstruction ($83.0M**).of additional The retail facilities $800,000 witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting will add a total of 220 apartments to the The main residential projects for 1st half from low400$600,000 vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah* unit market as well as and 3.8% for units. construction2017 ofinclude additional the Forestretail facilities Road residential development ($6.8M**), which will add 6 300 such as an RSL club development. GEORGES$400,000 RIVER COUNCIL GROWTH$1,000,000 townhouses and 1 dwelling; as well as the Bembridge Street apartmentsst 200 The main residential projects for 1 half 400 $1,500,000 ($5.8M**) which will add 23 apartments $200,000 2017 include the Forest Road residential

Unit Median Price $500,000 to the market. The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading townhousesand residential and 1 dwelling; projects as well reflects as the high

Number of Sales $1,000,000 $0 the Bembridgeinterest Streetand demand apartments within the area. 2000 2008 2009 2010 2011 2012$0 2013 2014 2015 2016 2017^ ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market Q4 Q1 Q2 Q3 Q4 Q1$500,000 to the market.conditions for Thethe following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, 100 2015 2016 2016Sanctuary2016 Point 2016 2017St Georges Basin Median Price HuskissonHeadingBexley, Monterey, Kogarah BayVincentia. and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, Number of Sales Disclaimer: *Sanctuary Point market data and key indicators encapsulates aggregate conditions in the following suburbs: Sanctuary Point, St Georges Basin,commercial, Old Erowal industrial, Bay, Worrowing and infrastructure Heights, Basin projects View, Bewong,scheduled Erowal to commence in the Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian & Sussex Inlet. interestfirst and half of demand 2017. within the area. Source0: APMHouse Pricefinder, realestate.com.auUnit , Real Estate Median Institute of . House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, DAYS ON MARKET** OVERVIEWOVERVIEWpicturesque parks and foreshore, family- AVERAGE *IMAGE* OVERVIEWoriented lifestyle and diverse demographics and cultures. 90 KogarahHOUSE is KEYlocated FACTS 14km south Q2 of2017 the 6.5cm HIGH Sydney CBD. This welcoming area is Half 80 Change from Last Year wellMedian known Sale for Price: its sporting $447,500 history, Year 70 10.6cm WIDE picturesqueAnnual Area parks Growth*: and foreshore,1.7% family- *IMAGE* orientedAverageHouse lifestyle Days sales on and Market: diverse 57 60 demographics% Change between and cultures. First Listed Price andHouse Soldmedian Price: -2.2% 50 6.5cm HIGH Half Change from Last Year 81 Year 40 80 77 House rents 10.6cm WIDE 69 KEY FACTS UNIT* 63 67 HouseUNITS sales KEY FACTS Q2 2017 30 59 60 57 53 Median SaleUnit salesPrice : $785,000

Average Days Average Days on Market 45 20 Annual Area Growth: 11% HouseMedianmedian Sale Price: $427,722 MARKET CONDITIONS 30 Average Days on Market: 36 10 AnnualUnit Area median Growth*: 23.5% The Kogarah* property market witnessed a record-setting median house price% Change between First Listed Price HouseAverage rents Days on Market: 30 of $1,415,0000 and $663,000 for units in Q1 2017, resulting in exceptional and Sold Price: -0.1% % ChangeUnit rentsbetween First Listed annual growthQ1 2016 figuresQ2 of 2016 20.4%Q3 and 2016 9.6%Q4 respectively. 2016 Q1 2017 In comparison,Q2 2017 houses UnitPrice sales and Sold Price: 1.2% in the Georges RiverHouse Council areaUnit grew by 15.2%Overall to $1,425,000 Market Trend and units by MARKET14.1% to $738,000. CONDITIONS Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** Unit median Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median Unit rents$139.9M** of new projects commencing annualpricesSALES growthand positive figuresAND growth of 20.4%MEDIAN trend, and 9.6%Kogarah* respectively. PRICEis a sought In comparison, after** market houses by buyers . in the area. Mixed use development in the Georges River Council area grew by 15.2% to $1,425,000 and units by FUTUREaccounted DEVELOPMENTS** for the majority of estimated 14.1%Average to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, value at $102.5M** (73.3%), followed by house 250price point closely mirrors that of the greater LGA area however with $600,000 decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*residential is set to seeprojects, approx. which accounted for the potential of stronger capital growth. Combined with record-setting median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial prices and positive growth trend, Kogarah* is a sought after market by buyers. price and indicating a sellers’ market. Units are following a similar trend, in the area.projects Mixed which use developmentcontributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly$500,000 infrastructureof estimated Average200 days to sell in Kogarah* have improved over the past 12 months, property market has been skewed significantly towards a sellers market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by decreasingBuyers are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure2017. A the strong ideal trend properties, has residential projects, which accounted for emerged for house vendor discounting, pivoting to 7.2% above the listing showing the high level of demand and competition present within the market.approx.Currently $20.0M** the(14.3%), largest commercial development price and indicating a sellers’ market. Units are following a similar trend, projects which contributed$400,000 $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club Median150 rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%). Buyers are increasingly willing to pay more to secure the ideal properties, construction of two 11 storey buildings to $480 over the past 12 months. Astute investors however are still benefiting $300,000 showing the high level of demand and competition present within the market. will add a total of 220 apartments to the from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently the largest development

218 Kogarah* unit market as well asMedian Price

Number of Sales underway is the Kogarah RSL Club and 3.8%100 for units.199 Median rents have remained relatively stable, whereby189 houses have mixed developmentconstruction ($83.0M**).of additional The retail facilities 180 176 witnessed a slight increase in median rent to $635 and units softening168 slightly constructionsuch asof two an RSL11 storey $200,000club buildingsdevelopment. toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting will add a total of 220 apartments to the st from low400 vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah*The unit main market residential as well asprojects for 1 half and 3.8%50 for units. construction2017 ofinclude additional the Forestretail facilities Road residential development ($6.8M**),$100,000 which will add 6 300 such as an RSL club development. $1,000,000 townhouses and 1 dwelling; as well as GEORGES RIVER COUNCIL12 GROWTH 12 7 8 the Bembridge Street apartmentsst 400200 20 19 $1,500,000 The main residential projects for 1 half 0 2017 include($5.8M**) the Forest which Road$0will add residential 23 apartments Q1 2016 Q2 2016 Q3 2016 Q4 2016$500,000 Q1 2017 to theQ2 market.2017 The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading townhousesand residential and 1 dwelling; projects as well reflects as the high

Number of Sales $1,000,000 House Sales Unit Sales Median House Price the BembridgeinterestMedian StreetandUnit demandPrice apartments within the area. 2000 $0 *Annual growth represents price growth for property transactions between Q2 2016 to Q2 2017 (inclusive). ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market **Sanctuary PointQ4 market dataQ1 and key indicatorsQ2 encapsulatesQ3 aggregateQ4 propertyQ1 market$500,000 conditions in the following suburbs:to the Sanctuary market.conditions Point,for Thethe Stfollowing Georgesfocus suburbs: Basin,on Kogarah,mixed Old Erowal Rockdale, use Carlton, Beverley Park, 100Bay, Worrowing2015 Heights, Basin2016 View, Bewong,2016 Erowal2016 Bay, Wrights2016 Beach, Bream2017 Beach, Hyams Beach, Vincentia,Median Price Huskisson,Heading Bexley,Woolla Monterey,mia, Falls Kogarah Creek, Tomerong,Bay. Wandandian & Sussex Inlet. and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, Number of Sales Source: APM Pricefinder, realestate.com.au, SQM Research, Real Estate Institute of NSW, Shoalhaven City Council. commercial, industrial, and infrastructure projects scheduled to commence in the interestfirst and half of demand 2017. within the area. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, OVERVIEWpicturesque parks and foreshore, family- RENTAL MARKET*IMAGE* ANALYSIS OVERVIEWoriented lifestyle and diverse demographics and cultures. HOUSE UNIT KogarahHOUSE is located KEY FACTS14km south Q2 of 2017the 6.5cm HIGH Sydney CBD. This welcoming area is Half Change from Last Year wellMedian known Rent: for its $ 365sporting p/w history, Year 2 Bedroom10.6cm WIDE 1 Bedroom picturesqueRental Yield: parks 4.2% and foreshore, family- orientedAverageHouse lifestyle Days sales onand Market: diverse 49 3 Bedroom*IMAGE* 2 Bedroom demographicsBedroom Breakdown: and cultures. 4+ Bedroom 3+ Bedroom 2 Bed:House 25%,median 3 Bed: 49%, 4+ Bed: 26% 6.5cm HIGH Half Change from Last Year Year 10.6cm WIDE House rents HouseUNITS sales KEY FACTS Q2 2017 KEY COMMENTS Unit sales Median rent for both houses and units saw an increase over the last 12 House median MARKETmonths to Q2 2017. VacancyCONDITIONS rates are currently at 2.0% which is a Median Rent: $360 p/w Unit median Theslight Kogarah* increase property over the pastmarket 12 months.witnessed Average a record days-setting on market median for house price Rental Yield: 4.5% HouseAverage rents Days on Market: 43 ofrental $1,415,000 properties and have $663,000 also increased for units which in Q1 indicates 2017, resulting occupiers in are exceptional BedroomUnit rentsBreakdown: annualwaiting growth for new figures stock to of supply 20.4% the and market 9.6% before respectively. renting homes. In comparison, Rental houses Unit1 Bed:sales 0%, 2 Bed: 62%, 3+ Bed: 38% inyields the Georges in the area River are currentlyCouncil areasituated grew at 4.2%by 15.2% (houses) to $1,425,000 and 4.5% and units by (units), which is higher than Sydney’s 3.5% (houses) and 3.9% (units). MARKET14.1% to $738,000. CONDITIONS Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** Unit median Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median Unit rents$139.9M** of new projects commencing annualMEDIANprices growthand positive figuresRENT growth of 20.4% trend, andAND 9.6%Kogarah* respectively.AVERAGE is a sought In comparison, after marketDAYS houses by buyers ON. MARKET*in the area. Mixed use development in the Georges River Council area grew by 15.2% to $1,425,000 and units by FUTUREaccounted DEVELOPMENTS** for the majority of estimated 14.1%Average120 to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, value at $102.5M** (73.3%),400 followed by house price point closely mirrors that of the greater LGA area however with decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*residential is set to seeprojects, approx. which accounted for the potential of stronger capital growth. Combined with record-setting median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial pricesprice and positiveindicating growth a sellers’ trend, market.Kogarah* Units is a soughtare following after market a similar by buyers trend,. in the area. Mixed use development350 100 projects which contributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructureof estimated Average days to sell in Kogarah* have improved over the past 12 months, property market has been skewed significantly towards a sellers market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%).300 by decreasingBuyers are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure2017. A the strong ideal trend properties, has residential projects, which accounted for emerged for house vendor discounting, pivoting to 7.2% above the listing showing80 the high level of demand and competition present within the market.approx.Currently $20.0M** the(14.3%), largest commercial development price and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M**250 however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%). Buyers60 are increasingly willing to pay more to secure the ideal properties, construction of two 11 storey200 buildings to $480 over the past 12 months. Astute investors however are still benefiting114 will add a114 total of 220 apartments to the showing the high level of demand and competition107 present within the market. Currently the largest development from low vacancy101 rates of 1.2%101 and healthy rental yields of 2.5% for houses Kogarah* unit market as well as and 3.8% for units. 94 underway is the Kogarah RSL Club MedianNumber of Rentals rents have remained relatively stable, whereby houses have construction of additional150 retail facilities 40 mixed development ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting will add a total of 220 apartments to the 100 st from low400 vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah*The unit main market residential as well asprojects for 1 half and 3.8%20 for units. construction2017 ofinclude additional the Forestretail facilities Road residential 14 development ($6.8M**), which willMedianRent ($) / Average Days on Market add 6 300 such as20 an RSL club development.50 townhouses and 1 dwelling; as well as GEORGES RIVER COUNCIL GROWTH$1,000,000 16 10 10 8 The mainthe residential Bembridge projectsStreet for apartments 1st half 4002000 $1,500,000 0 2017 include($5.8M**) the Forest which Roadwill add residential 23 apartments Q1 2016 Q2 2016 Q3 2016 Q4$500,000 2016 Q1 2017to the market.Q2 2017 The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading townhousesHeadingand residential and 1 dwelling; projects as well reflects as the high Number of Sales House Unit $1,000,000 House Average Days the Bembridgeinterest Streetand demand apartments within the area. 200 Unit Average Days Median House Rent Median Unit Rent 0 $0 ($5.8M**) which will add 23 apartments Q4 Q1 Q2 Q3 Q4 Q1 *Kogarah Development figures encapsulate aggregate development market *Disclaimer: Sanctuary Point market data and key indicators encapsulates aggregate property$500,000 market conditions in the followingto the suburbs:market.conditions Sanctuaryfor Thethe following focus Point, suburbs: St on Georges Kogarah,mixed Basin, Rockdale, use Old Carlton, Beverley Park, Median Price Bexley, Monterey, Kogarah Bay. Erowal100 Bay, Worrowing2015 Heights,2016 ,2016 Bewong, 2016Erowal Bay, Wrights2016 Beach,2017 Bream Beach, Hyams Beach, Vincentia, Huskisson,HeadingWoollamia, Falls Creek, Tomerong, and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, Number of Sales Wandandian & Sussex Inlet. commercial, industrial, and infrastructure projects scheduled to commence in the Source: APM Pricefinder, realestate.com.au, SQM Research, Rental Tenancy Authority of NSW. interestfirst and half of demand 2017. within the area. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is PROJECT DEVELOPMENT MAP 2nd Half 2017*well known for its sporting history, OVERVIEWOVERVIEWpicturesque parks and foreshore, family- OVERVIEWoriented lifestyle and diverse 1.5% *IMAGE* demographics and cultures. Kogarah is located 14km south of the 5.4% 6.5cm HIGH Sydney CBD. This welcoming area is Half Change from Last Year well known for its sporting history, Year 10.6cm WIDE picturesque parks and foreshore, family- 22.2% *IMAGE* orientedHouse lifestyle sales and diverse demographics and cultures. House median 70.9%6.5cm HIGH Half Change from Last Year Year 10.6cm WIDE House rents House sales Unit sales MARKET CONDITIONS House median Commercial Infrastructure Unit median The Kogarah* property market witnessed a record-setting median house price House rents of $1,415,000Mixed Useand $663,000Residential for units in Q1 2017, resulting in exceptional Unit rents annual growth figures of 20.4% and 9.6% respectively. In comparison, houses Unit sales in the Georges River Council area grew by 15.2% to $1,425,000 and units by MARKET14.1% to $738,000. CONDITIONS Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** Unit median Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median Unit rents$139.9M** of new projects commencing annualprices growthand positive figures growth of 20.4% trend, and 9.6%Kogarah* respectively. is a sought In comparison, after market houses by buyers . in the area. Mixed use development in the Georges River Council area grew by 15.2% to $1,425,000 and units by FUTUREaccounted DEVELOPMENTS** for the majority of estimated 14.1%Average to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, value at $102.5M** (73.3%), followed by house price point closely mirrors that of the greater LGA area however with decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*residential is set to seeprojects, approx. which accounted for the potential of stronger capital growth. Combined with record-setting median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial prices and positive growth trend, Kogarah* is a sought after market by buyers. price and indicating a sellers’ market. Units are following a similar trend, in the area.projects Mixed which use developmentcontributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructureof estimated Average days to sell in Kogarah* have improved over the past 12 months, property market has been skewed significantly towards a sellers market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by decreasingBuyers are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure2017. A the strong ideal trend properties, has residential projects, which accounted for emerged for house vendor discounting, pivoting to 7.2% above the listing showing the high level of demand and competition present within the market.approx.Currently $20.0M** the(14.3%), largest commercial development price and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%). Buyers are increasingly willing to pay more to secure the ideal properties, construction of two 11 storey buildings to $480 over the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the showing the high level of demand and competition present within the market. Currently the largest development from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Kogarah* unit market as well as underwayEstimated is the Kogarah RSL Club andLocation 3.8% for units. Project** Type construction of Commenceadditional retailDate^ facilities Median rents have remained relatively stable, whereby houses have mixed developmentValue*** ($83.0M**). The witnessed1 a slight increase in Touristmedian Cabins rent to Beach$635 and St units softening slightlyCommercial construction such$288,000 asof two an RSL11 storey club21/09/2017 buildingsdevelopment. toGEORGES $4802 over the past 12 RIVER months.Inasmuch Astute RetirementCOUNCIL investors Village however GROWTHare still benefitingCommercial will add a$2,493,000 total of 220 apartments21/10/2017 to the from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses The main residential projects for 1st half 4003 Jervis Street Cabins & Bed & Breakfast $1,500,000CommercialKogarah* $560,000 unit market as well20/12/2017 as and 3.8% for units. 2017 include the Forest Road residential 4 Sussex Inlet Bowling Club Commercialconstruction $250,000 of additional retail02/10/2017 facilities development ($6.8M**), which will add 6 3005 Naval College Rd Serviced Apartments & Hotel Commercialsuch as$20,000,000 an RSL club development.18/11/2017 $1,000,000 townhouses and 1 dwelling; as well as GEORGES6 RIVERWoollamia COUNCILPontoon & Boat Ramp GROWTHInfrastructure $1,100,000 03/09/2017 The mainthe residential Bembridge projectsStreet for apartments 1st half 4002007 Kerry Street Roundabout $1,500,000Infrastructure $300,000 21/08/2017 2017 include($5.8M**) the Forest which Roadwill add residential 23 apartments 8 Bay & Basin Ambulance Station $500,000Infrastructure to$6,000,000 the market. The20/11/2017 focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading 9 Currambene St Shop Top Housing (8 Units) Mixed Usetownhouses and$1,800,000 residential and 1 dwelling; projects16/12/2017 as well reflects as the high

Number of Sales $1,000,000 10 Frederick Street Units (3 Units) Residentialthe Bembridgeinterest$500,000 Streetand demand apartments12/03/2017 within the area. *Disclaimer:2000 Project development map showcases a sample of upcoming projects only, due to accuracy of addresses $0provided by the data provider for geocoding purposes. ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market **Projects refers to the developments within the suburbs of Sanctuary Point, St Georges Basin, , , Basin View, Bewong, Erowal Bay, Wrights Beach, Bream Beach, Hyams Beach, Vincentia, Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Huskisson, Woollamia, Falls Creek, Tomerong, Wandandian, Sussex Inlet. $500,000 to the market. The focus on mixed use Median Price Bexley, Monterey, Kogarah Bay. ***Estimated100 value 2015is the value of construction2016 costs2016 provided by relevant2016 data authority,2016 it does not reflect2017 the project’s sale/commercial value. Heading and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, ^Number of Sales Commencement date quoted for each project is an approximate only, as provided by the relevant data authority, PRDnationwide does not hold any liability tocommercial, the exact date industrial, in which andeach infrastructure project commences projects and/or scheduled is to commence in the completed. interestfirst and half of demand 2017. within the area. Source:0 CordellHouse Database, BatchGeoUnit, Department of Planning Median and Environment House NSW, ShoalhavenPrice City Council.$0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, ABOUT PRDnationwide RESEARCH OVERVIEWpicturesque parks and foreshore, family- *IMAGE* OVERVIEWoriented lifestyle and diverse PRDnationwide’s research division provides reliable, unbiased, and demographics and cultures. authoritative property research and consultancy to clients in metro Kogarah is located 14km south of the 6.5cm HIGH Sydney CBD. This welcoming area is Half and regional locations across Australia Change from Last Year well known for its sporting history, Year Our extensive research capability10.6cm and specialised WIDEapproach ensures our picturesque parks and foreshore, family- clients can make the most informed*IMAGE* and financially sounds decisions orientedHouse lifestyle sales and diverse about residential and commercial properties. demographics and cultures. House median 6.5cm HIGH Half Change from Last Year OUR KNOWLEDGE Year Access to accurate and 10.6cmobjective research WIDE is the foundation of all House rents good property decisions House sales Unit sales As the first and only truly knowledge based property services company, House median PRDnationwideMARKET shares CONDITIONS experience and knowledge to deliver innovative Unit median The Kogarah* property market witnessed a record-setting median house price and effective solutions to our clients. House rents of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional Unit rents OverviewWeannual have growth a unique figures approach of 20.4% that integrates and 9.6% people, respectively. experience, In comparison, systems houses Unit sales andMARKETin the technology Georges to River create CONDITIONS Council meaningful area businessgrew by connections15.2% to $1,425,000 We focus andon units by understanding14.1% to $738,000. new issues Kogarah* impacting presents the property a unique industry; opportunity, such as whereby the theirOUR SERVICESFUTURE DEVELOPMENTS**INCLUDE: environment and sustainability, the economy, demographic and Unit median Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with OURKogarah* SERVICES is set INCLUDE: to see approx. psychographic shifts, commercial and residential design; and forecast ofthe $1,415,000 potential andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median• Advisory$139.9M** and consultancy of new projects commencing future implications around such issues based on historical data and fact. Unit rents annualprices growthand positive figures growth of 20.4% trend, and 9.6%Kogarah* respectively. is a sought In comparison, after market houses by buyers . in the area. Mixed use development in the Georges River Council area grew by 15.2% to $1,425,000 and units by • Market Analysis including profiling FUTUREand trendsaccounted DEVELOPMENTS** for the majority of estimated 14.1%Average to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, value at $102.5M** (73.3%), followed by OURhouse price PEOPLE point closely mirrors that of the greater LGA area however with decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has• Kogarah*Primaryresidential qualitativeis set to seeprojects, and approx. which accounted for Ourthe potentialresearch of team stronger is made capital up growth. of highly Combined qualified with researchers record-setting who median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**quantitativeapprox. of newresearch $20.0M** projects (14.3%), commencing commercial focusprices solelyand positive on property growth trend,analysis Kogarah* is a sought after market by buyers. price and indicating a sellers’ market. Units are following a similar trend, in the area.projects Mixed which use developmentcontributed $13.5M** Skilledhowever in deriving slightly macrolower, andsitting micro at 0.8%.quantitative This signifies information that from the multipleKogarah* • accountedDemographic(9.6%), for the and majority targetlastly infrastructureofmarket estimated Average days to sell in Kogarah* have improved over the past 12 months, Analysis credibleproperty sources, market we has partner been skewedwith clients significantly to provide towards strategic a advice sellers and market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by directiondecreasingBuyers regardingare to increasingly 49 for property houses willing and 42market to forpay units performance.more in Q1to secure2017. We A the havestrong ideal the trend properties, has residential projects, which accounted for • Geographic information mapping addedemergedshowing advantage for the house high of vendorlevel sourcing of discounting, demand valuable and and pivoting competition factual to 7.2%qualitative present above market the within listing the market.approx. $20.0M** (14.3%), commercial price and indicating a sellers’ market. Units are following a similar trend, Currently the largest development research in order to ensure our solutions are the most well considered • projectsProjectunderway which Analysis contributed isincluding the Kogarah $13.5M** product RSL Club however slightly lower, sitting at 0.8%. This signifies that the Kogarah* (9.6%), and lastly infrastructure andMedian financially rents viable.have remained relatively stable, whereby houses have and pricingmixed recommendations development ($83.0M**). The property market has been skewed significantly towards a sellers market. contributing $3.9M** (2.8%). witnessed a slight increase in median rent to $635 and units softening slightly construction of two 11 storey buildings OurBuyers experts are increasingly are highly sought willing afterto pay consultants more to secure for both the corporateideal properties, and • Rental and investment return to $480 over the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the governmentshowing the bodieshigh level and of their demand advice and has competition helped steer present the directionwithin the of market. a Currentlyanalysis the largest development AREAfrom low XXXXXXvacancy rates of 1.2% and healthyAREA rentalXXXXXX yields of 2.5% for houses Kogarah* unit market as well as numberand 3.8% of property for units. developments and secured successful outcomes for underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have construction of additional retail facilities our clients. Waynemixed Poole, development Managing ($83.0M**). Director The witnessed a slight increase in median rent to $635 and units softening slightly such as an RSL club development. PRDnationwideconstruction of twoSanctuary 11 storey Point buildings toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting will add a total of 220 apartments to the 3/18 Paradise Beach Road, st OURfrom low400 SERVICES vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah*The unit main market residential as well asprojects for 1 half Sanctuary2017 Point include NSW 2540the Forest Road residential Ourand research3.8% for units. services span over every suburb, LGA, and state within construction of additional retail facilities Australiadevelopment ($6.8M**), which will add 6 Australia;300 captured in a variety of standard and customized products such as an RSL club development. GEORGES RIVER COUNCIL GROWTH$1,000,000 T +61 2 4443townhouses 0519 and 1 dwelling; as well as We have the ability and systems to monitor market movements, M +61 408the 424 Bembridge 138 Street apartmentsst 400200 $1,500,000 The main residential projects for 1 half demographic changes and property trends. We use our knowledge of E [email protected] include($5.8M**) the Forest which Roadwill add residential 23 apartments market sizes, price structure and buyer profiles to identify opportunities$500,000 www.prd.com.au/sanctuarypointto the market. The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading for clients and provide market knowledge that is unbiased, thorough and townhousesand residential and 1 dwelling; projects as well reflects as the high

Number of Sales $1,000,000 reliable. the BembridgeHeadinginterest Streetand demand apartments within the area. 2000 $0 ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market Q4 Q1 Q2 Q3 Q4 Q1$500,000 to the market.conditions for Thethe following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, PRDnationwide100 does2015 not give any2016 warranty 2016in relation to2016 the accuracy2016 of the information2017 contained in thisMedian Price report. If you inteHeadingBexley,nd to relyMonterey, upon Kogarah the information Bay. contained herein, you must take note that the Information, figures and projections have been provided by various sources andand have residential not**Total been projectverified valueprojects byrepresents us. We reflects the have aggregate no the belief estimate high one value of all residential, way Number of Sales or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable forcommercial, any loss industrial, or damage and infrastructureresulting from projects any scheduled to commence in the statement, figure, calculation or any other information that you rely upon that is contained in the material. Preparedinterest by PRDfirstnat and halfionwide of demand 2017. Research within © All medians the area. and volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. © 2017 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. Nundah 2nd Half 2017 final.pdf 2 27/07/2017 2:20 PM

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