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OVERVIEW OVERVIEW Kogarah is located 14km south of the CBD. This welcoming area is well known for its sporting history, OVERVIEWpicturesque parks and foreshore, family- *IMAGE* OVERVIEWoriented lifestyle and diverse demographics and cultures. Kogarah is located 14km south of the 6.5cm HIGH Sydney CBD. This welcoming area is Half Change from Last Year well known for its sporting history, Year 10.6cm WIDE picturesque parks and foreshore, family- *IMAGE* orientedHouse lifestyle sales and diverse demographics and cultures. House median 6.5cm HIGH Half Change from Last Year Year 10.6cm WIDE House rents House sales Unit sales MARKET CONDITIONS House median Unit median The Kogarah* property market witnessed a record-setting median house price House rents of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional Unit rents annual growth figures of 20.4% and 9.6% respectively. In comparison, houses Unit sales MARKETin the CONDITIONS Council area grew by 15.2% to $1,425,000 and units by C 14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** Unit median Thehouse Kogarah* price point property closely market mirrors witnessedthat ofa record the greater-setting LGA median area house however price with M Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000capital for units growth. in Q1 Combined2017, resulting with inrecord exceptional-setting median $139.9M** of new projects commencing Y Unit rents annualprices growthand positive figures growth of 20.4%trend, and 9.6%Kogarah* respectively. is a sought In comparison, after market housesby buyers. in the area. Mixed use development CM in the Georges River Council area grew by 15.2% to $1,425,000 and units by accounted for the majority of estimated 14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** MY Average days to sell in Kogarah* have improved over the past 12 months, value at $102.5M** (73.3%), followed by housedecreasing price point to 49 closely for houses mirrors andthat 42 of for the units greater in Q1 LGA 2017. area however A strong withtrend has Kogarah* is set to see approx. CY residential projects, which accounted for the potential of stronger capital growth. Combined with record-setting median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial CMY prices and positive growth trend, Kogarah* is a sought after market by buyers. price and indicating a sellers’ market. Units are following a similar trend, in the area.projects Mixed which use developmentcontributed $13.5M** K however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructure of estimated Average days to sell in Kogarah* have improved over the past 12 months, property market has been skewed significantly towards a sellers market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by decreasingBuyers are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure 2017. A the strong ideal trend properties, has residential projects, which accounted for emerged for house vendor discounting, pivoting to 7.2% above the listing showing the high level of demand and competition present within the market.approx.Currently $20.0M** the (14.3%), largest commercial development price and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%). Buyers are increasingly willing to pay more to secure the ideal properties, construction of two 11 storey buildings to $480 over the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the showing the high level of demand and competition present within the market. Currently the largest development from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Kogarah* unit market as well as and 3.8% for units. underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have mixed developmentconstruction ($83.0M**).of additional The retail facilities witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors howeverGROWTH are still benefiting will add a total of 220 apartments to the st from low400 vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah*The unit main market residential as well asprojects for 1 half and 3.8% for units. construction2017 ofinclude additional the Forestretail facilities Road residential development ($6.8M**), which will add 6 300 such as an RSL club development. GEORGES RIVER COUNCIL GROWTH$1,000,000 townhouses and 1 dwelling; as well as the Bembridge Street apartmentsst 400200 $1,500,000 The main residential projects for 1 half 2017 include($5.8M**) the Forest which Roadwill add residential 23 apartments $500,000 to the market. The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading townhousesand residential and 1 dwelling; projects as well reflects as the high

Number of Sales $1,000,000 the BembridgeinterestStreet and demand apartments within the area. 200 0 $0 ($5.8M**) which will add 23 apartments *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1$500,000 to the market.conditions for The the following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, 100 2015 2016 2016 2016 2016 2017 Median Price HeadingBexley, Monterey, Kogarah Bay. and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, Number of Sales commercial, industrial, and infrastructure projects scheduled to commence in the interestfirst and half of demand 2017. within the area. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. Property Factsheet *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, 2nd Half 2017 commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEWOVERVIEW AVERAGEAVERAGE VENDOR VENDOR DISCOUNT DISCOUNT Panania is located 23km inner south-west AVERAGE VENDOR DISCOUNT* of the Sydney CBD. Based on the 2016 House Unit AverageAverage vendorvendor discountdiscount reflectsreflects the the ABS census Panania has a population of 2.5% averageaverage percentagepercentage differencedifference between 12,419 people, which is 8.1% growth betweenfirst listed first listprice priceand andfinal final soldsold price. A 2.0% since the 2011 census. Panania is mostly price.lower A lowerpercentage percentagedifference differencesuggests *IMAGE* (closerbuyers to zero)are suggestswilling to buyerspurchase are close to a residential suburb, with many houses 1.5% rebuilt as larger residences or two–storey willingthe tofirst purchaseasking closeprice to theof firsta property. 6.5cm HIGH duplex houses. asking price of a property. 2.3% 1.0% 2.3% 2.1% 0.6%

Half 0.6% Change from Last Year Year MARKET COMPARISON GRAPH 10.6cm WIDE 0.3% 0.5% 1.3% KEY FACTS UNIT 0.8% 0.1% The market comparison graph provides House Sales 0.0% comparative trend for median price of house and units over the past 10 years. House Median Price -0.5% Suburbs profiled are chosen based on - 0.1% - 1.0% - 1.1% proximity to the main suburb analysed in -1.0% House Rental Price the factsheet, which is Panania. The Change from Listing to Listing to Change from Sale Price MARKET CONDITIONS -1.5% main suburb is highlighted through a Unit Sales Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 dotted black line graph. The Panania* property market recorded a median house price of $1,081,500 and $775,000 for units in Q3 2017, representing an annual Unit Median Price price growth of 13.2% and 6.7% respectively. Over the same period of time HOUSE MARKET COMPARISON (Q3 2016-Q3 2017) the Canterbury- local government area Unit Rental Price (LGA) witnessed a lower annual price growth for houses of 11.3% to $1,200,000 $1,030,000; confirming Panania’s* housing market as a premium market – FUTURE DEVELOPMENTS** attracting higher pricing and achieving higher capital growth. Panania’s* $1,000,000 unit market proves to be in extremely high demand, suggesting the need for Panania* is set to see approx. $37.1M of more high quality stock to be developed. new developments commencing in 2017. $800,000 Infrastructure projects accounted for the Over the past 12 months to Q3 2017 average vendor discounts have majority (65.1%), totaling an estimated pivoted to positive levels for units (to 0.8%), whereby buyers are $24.1M of projects. The local council is $600,000 increasingly willing to offer above the initial listing price to secure their focused on in increasing liveability of property. This is the most that unit buyers have had to offer over the first list current and future residents, whereas the $400,000 House House Price Median asking price, further confirming an undersupplied market. House average state government will add more affordable vendor discount continue to trend above the first list price, currently at 1.3% housing options for renters and seniors. $200,000 in Q3 2017, further signaling a premium market. 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017^ Adding private market residential stock Median rents have improved over the past 12 months to Q3 2017, by 6.5% drives a smaller proportion of future Panania East Hills Picnic Point Revesby to $586 for houses and 7.3% to $590 for units. This is accompanied by an projects value, however there are two AREA XXXXXX increasing amount of properties being rented (for both house and units), pure residential projects – the Doyle Rd UNIT MARKET COMPARISON which suggests a high demand rental market. This is confirmed by low Townhouses and Villas, and the Ely St vacancy rates of 1.2% in October 2017, good news for astute investors. Villas – which will add a total of 10 villas $1,000,000 and 2 townhouses into the market. A key CANTERBURY-BANKSTOWN AREA GROWTH project to add stock is the Maclaurin $800,000 1000 $1,200,000 Avenue Mixed Use development ($6.6M), which will add 26 units and is planned to $1,000,000 commence construction in late 2017. 800 $600,000 $800,000 600 The largest project for 2017 is Panania $600,000 railway station upgrade. This will see the $400,000

400 Unit MedianPrice $400,000 station and surrounding area undergo MedianPrice modernisation worth $11.09M, which will Number of of Sales Number 200 $200,000 Heading improve connectivity around Panania*. $200,000

0 $0 Panania market data and key indicators encapsulates aggregate property market 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* conditions in the following suburbs: East Hills, Padstow, Padstow Heights, Q2 Q3 Q4 Q1 Q2 Q3 Panania, Picnic Point, Revesby and . 2016 2016 2016 2017 2017 2017 **Estimated values are based on construction value provided by the relevant data Panania East Hills Picnic Point Revesby authority and does not reflect commercial and/or re-sale value. Quoted construction and completion dates are estimate only, as per relevant data *2017 quoted data reflects sales transactions up to and inclusive of 30th September 2017 or end of Q3 2017. House Unit Median House Price Median Unit Price authority. Source: APM Pricefinder, realestate.com.au, Real Estate Institute of . Source: APM Pricefinder, realestate.com.au, Real Estate Institute of NSW. OVERVIEWOVERVIEW AVERAGEAVERAGE VENDOR VENDOR DISCOUNT DISCOUNT Panania is located 23km inner south-west AVERAGE VENDOR DISCOUNT* of the Sydney CBD. Based on the 2016 House Unit AverageAverage vendorvendor discountdiscount reflectsreflects the the ABS census Panania has a population of 2.5% averageaverage percentagepercentage differencedifference between 12,419 people, which is 8.1% growth betweenfirst listed first listprice priceand andfinal final soldsold price. A 2.0% since the 2011 census. Panania is mostly price.lower A lowerpercentage percentagedifference differencesuggests *IMAGE* (closerbuyers to zero)are suggestswilling to buyerspurchase are close to a residential suburb, with many houses 1.5% rebuilt as larger residences or two–storey willingthe tofirst purchaseasking closeprice to theof firsta property. 6.5cm HIGH duplex houses. asking price of a property. 2.3% 1.0% 2.3% 2.1% 0.6%

Half 0.6% Change from Last Year Year MARKET COMPARISON GRAPH 10.6cm WIDE 0.3% 0.5% 1.3% KEY FACTS UNIT 0.8% 0.1% The market comparison graph provides House Sales 0.0% comparative trend for median price of house and units over the past 10 years. House Median Price -0.5% Suburbs profiled are chosen based on - 0.1% - 1.0% - 1.1% proximity to the main suburb analysed in -1.0% House Rental Price the factsheet, which is Panania. The Change from Listing to Listing to Change from Sale Price MARKET CONDITIONS -1.5% main suburb is highlighted through a Unit Sales Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 dotted black line graph. The Panania* property market recorded a median house price of $1,081,500 and $775,000 for units in Q3 2017, representing an annual Unit Median Price price growth of 13.2% and 6.7% respectively. Over the same period of time HOUSE MARKET COMPARISON (Q3 2016-Q3 2017) the Canterbury-Bankstown local government area Unit Rental Price (LGA) witnessed a lower annual price growth for houses of 11.3% to $1,200,000 $1,030,000; confirming Panania’s* housing market as a premium market – FUTURE DEVELOPMENTS** attracting higher pricing and achieving higher capital growth. Panania’s* $1,000,000 unit market proves to be in extremely high demand, suggesting the need for Panania* is set to see approx. $37.1M of more high quality stock to be developed. new developments commencing in 2017. $800,000 Infrastructure projects accounted for the Over the past 12 months to Q3 2017 average vendor discounts have majority (65.1%), totaling an estimated pivoted to positive levels for units (to 0.8%), whereby buyers are $24.1M of projects. The local council is $600,000 increasingly willing to offer above the initial listing price to secure their focused on in increasing liveability of property. This is the most that unit buyers have had to offer over the first list current and future residents, whereas the $400,000 House House Price Median asking price, further confirming an undersupplied market. House average state government will add more affordable vendor discount continue to trend above the first list price, currently at 1.3% housing options for renters and seniors. $200,000 in Q3 2017, further signaling a premium market. 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017^ Adding private market residential stock Median rents have improved over the past 12 months to Q3 2017, by 6.5% drives a smaller proportion of future Panania East Hills Picnic Point Revesby to $586 for houses and 7.3% to $590 for units. This is accompanied by an projects value, however there are two AREA XXXXXX increasing amount of properties being rented (for both house and units), pure residential projects – the Doyle Rd UNIT MARKET COMPARISON which suggests a high demand rental market. This is confirmed by low Townhouses and Villas, and the Ely St vacancy rates of 1.2% in October 2017, good news for astute investors. Villas – which will add a total of 10 villas $1,000,000 and 2 townhouses into the market. A key CANTERBURY-BANKSTOWN AREA GROWTH project to add stock is the Maclaurin $800,000 1000 $1,200,000 Avenue Mixed Use development ($6.6M), which will add 26 units and is planned to $1,000,000 commence construction in late 2017. 800 $600,000 $800,000 600 The largest project for 2017 is Panania $600,000 railway station upgrade. This will see the $400,000

400 Unit MedianPrice $400,000 station and surrounding area undergo MedianPrice modernisation worth $11.09M, which will Number of of Sales Number 200 $200,000 Heading improve connectivity around Panania*. $200,000

0 $0 Panania market data and key indicators encapsulates aggregate property market 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* conditions in the following suburbs: East Hills, Padstow, Padstow Heights, Q2 Q3 Q4 Q1 Q2 Q3 Panania, Picnic Point, Revesby and Revesby Heights. 2016 2016 2016 2017 2017 2017 **Estimated values are based on construction value provided by the relevant data Panania East Hills Picnic Point Revesby authority and does not reflect commercial and/or re-sale value. Quoted construction and completion dates are estimate only, as per relevant data *2017 quoted data reflects sales transactions up to and inclusive of 30th September 2017 or end of Q3 2017. House Unit Median House Price Median Unit Price authority. Source: APM Pricefinder, realestate.com.au, Real Estate Institute of Australia. Source: APM Pricefinder, realestate.com.au, Real Estate Institute of NSW. AVERAGE DAYS ON MARKET** OVERVIEW RENTAL MARKET ANALYSIS OVERVIEW HOUSE KEY FACTS Q3 2017 HOUSE KEY FACTS Q3 2017 60 HOUSE UNIT Median Sale Price: $1,081,500 Median Rent Price: $586 per week 50 Annual Growth: 13.2%* 2 Bedroom 1 Bedroom Suburb Rental Yield: 2.7% Average Days on Market: 38 Average Days on Market: 25 40 % Change between First Listed 3 Bedroom 2 Bedroom Bedroom Breakdown: Price and Sold Price: 1.3% 1-2 Bed: 15%, 3 Bed: 51%, 4+ Bed: 4+ Bedroom 3+ Bedroom 34% 30 51 48 KEYUNITS FACTS KEY UNIT* FACTS Q3 2017 UNITS KEY FACTS Q3 2017 20 39 41 40 KEY COMMENTS 29 35 38 Median Sale Price : $785,000 Average Days Market on Days Average 32 30 29 Annual Area Growth: 11% Panania* and its surrounding areas is a highly demanded area, with 1377 27 Median Sale Price: $775,000 Median Rent Price: $590 per week Average Days on Market: 36 online views per property – almost double the NSW average of 852. The 10 Annual Growth: 6.7%* Suburb Rental Yield: 4.3% % Change between First Listed Price rental market is an investor’s dream, as the amount of properties rented Average Days on Market: 48 Average Days on Market: 21 and Sold Price: -0.1% Overviewincreased by 24.5% (house) and 27.7% (units) whilst median prices grew 0 % Change between First Listed by 6.5% (house) and 7.3% (units). Combined with low vacancy rates of Bedroom Breakdown: Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Price and Sold Price: 0.8% 1.2% in October 20017 this indicates Panania* as having an extremely 1 Bed: 8%, 2 Bed: 19%, 3+ Bed: 73% House Unit Overall Market Trend conducive conditions for long term sustainable investment returns.

SALES AND MEDIAN PRICE** MEDIAN RENT AND AVERAGE DAYS ON MARKET* 200 700 300 $1,200,000

180 600 250 $1,000,000 160

140 500 200 $800,000 120 400

100 150 $600,000 188 178

MedianPrice 300 80 163

Number of of Number Sales 154 242 151 147 Number of of Rentals Number 213 100 211 $400,000 189 60 119 120 200 178 172 109 108 94 40 87 Market on Days Average / ($) Rent Median 50 $200,000 100 84 20 61 40 42 28 36 0 0 0 $0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017HeadingQ3 2017 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 House Unit House Average Days House Sales Unit Sales Median House Price Median Unit Price Unit Average Days Median House Rent Median Unit Rent

*Annual growth represents price growth for property transactions between Q3 2016 to Q3 2017 (inclusive). *Disclaimer: Panania market data and key indicators encapsulates aggregate property market conditions in the following suburbs: East Hills, Padstow, Padstow Heights, **Panania market data and key indicators encapsulates aggregate property market conditions in the following suburbs: East Hills, Padstow, Padstow Heights, Panania, Picnic Panania, Picnic Point, Revesby and Revesby Heights. Point, Revesby and Revesby Heights. Source: APM Pricefinder, realestate.com.au, SQM Research, Real Estate Institute of NSW, Canterbury-Bankstown Council. Source: APM Pricefinder, realestate.com.au, SQM Research. AVERAGE DAYS ON MARKET** OVERVIEW RENTAL MARKET ANALYSIS OVERVIEW HOUSE KEY FACTS Q3 2017 HOUSE KEY FACTS Q3 2017 60 HOUSE UNIT Median Sale Price: $1,081,500 Median Rent Price: $586 per week 50 Annual Growth: 13.2%* 2 Bedroom 1 Bedroom Suburb Rental Yield: 2.7% Average Days on Market: 38 Average Days on Market: 25 40 % Change between First Listed 3 Bedroom 2 Bedroom Bedroom Breakdown: Price and Sold Price: 1.3% 1-2 Bed: 15%, 3 Bed: 51%, 4+ Bed: 4+ Bedroom 3+ Bedroom 34% 30 51 48 KEYUNITS FACTS KEY UNIT* FACTS Q3 2017 UNITS KEY FACTS Q3 2017 20 39 41 40 KEY COMMENTS 29 35 38 Median Sale Price : $785,000 Average Days Market on Days Average 32 30 29 Annual Area Growth: 11% Panania* and its surrounding areas is a highly demanded area, with 1377 27 Median Sale Price: $775,000 Median Rent Price: $590 per week Average Days on Market: 36 online views per property – almost double the NSW average of 852. The 10 Annual Growth: 6.7%* Suburb Rental Yield: 4.3% % Change between First Listed Price rental market is an investor’s dream, as the amount of properties rented Average Days on Market: 48 Average Days on Market: 21 and Sold Price: -0.1% Overviewincreased by 24.5% (house) and 27.7% (units) whilst median prices grew 0 % Change between First Listed by 6.5% (house) and 7.3% (units). Combined with low vacancy rates of Bedroom Breakdown: Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Price and Sold Price: 0.8% 1.2% in October 20017 this indicates Panania* as having an extremely 1 Bed: 8%, 2 Bed: 19%, 3+ Bed: 73% House Unit Overall Market Trend conducive conditions for long term sustainable investment returns.

SALES AND MEDIAN PRICE** MEDIAN RENT AND AVERAGE DAYS ON MARKET* 200 700 300 $1,200,000

180 600 250 $1,000,000 160

140 500 200 $800,000 120 400

100 150 $600,000 188 178

MedianPrice 300 80 163

Number of of Number Sales 154 242 151 147 Number of of Rentals Number 213 100 211 $400,000 189 60 119 120 200 178 172 109 108 94 40 87 Market on Days Average / ($) Rent Median 50 $200,000 100 84 20 61 40 42 28 36 0 0 0 $0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017HeadingQ3 2017 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 House Unit House Average Days House Sales Unit Sales Median House Price Median Unit Price Unit Average Days Median House Rent Median Unit Rent

*Annual growth represents price growth for property transactions between Q3 2016 to Q3 2017 (inclusive). *Disclaimer: Panania market data and key indicators encapsulates aggregate property market conditions in the following suburbs: East Hills, Padstow, Padstow Heights, **Panania market data and key indicators encapsulates aggregate property market conditions in the following suburbs: East Hills, Padstow, Padstow Heights, Panania, Picnic Panania, Picnic Point, Revesby and Revesby Heights. Point, Revesby and Revesby Heights. Source: APM Pricefinder, realestate.com.au, SQM Research, Real Estate Institute of NSW, Canterbury-Bankstown Council. Source: APM Pricefinder, realestate.com.au, SQM Research. PROJECT DEVELOPMENT MAP 2nd HALF 2017*

10.2% ABOUT PRDnationwide RESEARCH OVERVIEW OVERVIEW PRDnationwide’s research division provides reliable, unbiased, and 17.7% authoritative property research and consultancy to clients in metro and regional locations across Australia 65.1% Our extensive research capability and specialised approach ensures our clients can make the most informed and financially sounds decisions about residential and commercial properties. Commercial Infrastructure Mixed Use Residential OUR KNOWLEDGE Access to accurate and objective research is the foundation of all good property decisions As the first and only truly knowledge based property services company, PRDnationwide shares experience and knowledge to deliver innovative and effective solutions to our clients.

We have a unique approach that integrates people, experience, systems and technology to create meaningful business connections We focus on understanding new issues impacting the property industry; such as the environment and sustainability, the economy, demographic and OUR SERVICES INCLUDE: psychographic shifts, commercial and residential design; and forecast future implications around such issues based on historical data and fact. • Advisory and consultancy

• Market Analysis including profiling OUR PEOPLE and trends Our research team is made up of highly qualified researchers who Estimated Commence Completion • Primary qualitative and Label Project Name* Type focus solely on property analysis Value** Date** Date** quantitative research Skilled in deriving macro and micro quantitative information from multiple 1 English Street Roadworks Infrastructure $160,000 09/01/2017 31/03/2017 credible sources, we partner with clients to provide strategic advice and • Demographic and target market Analysis 2 Marco Avenue and Selems Pde Pedestrian Crossing Infrastructure $268,000 16/01/2017 17/03/2017 direction regarding property and market performance. We have the added advantage of sourcing valuable and factual qualitative market 3 Picnic Point Bank Stabilisation Infrastructure $347,000 16/01/2017 30/04/2017 • Geographic information mapping research in order to ensure our solutions are the most well considered 4 Olsen’s Funeral Home Commercial $600,000 23/01/2017 28/07/2017 and financially viable. • ProjectTracey Analysis McDonald including product and pricing recommendations 5 Padstow Parade Recruitment Office Commercial $500,000 06/02/2017 31/03/2017 Sales Manager & Licensed Real Our experts are highly sought after consultants for both corporate and Estate Agent, PRDnationwide Dapto 6 Doyle Road Townhouses and Villas (2 Townhouses & 3 Villas) Residential $1,250,000 17/02/2017 18/08/2017 AREAgovernmentXXXXXX bodies and their advice hasAREA helped steerXXXXXX the direction of a • Rental and investment return number of property developments and secured successful outcomes for analysis 7 7-Eleven Service Station Revesby Commercial $1,500,000 13/03/2017 21/07/2017 our clients. T +61 2 4261 0333 8 Ely St Villas (7 Villas) Residential $1,750,000 08/05/2017 28/02/2018 F +61 2 4262 1558 PRDnationwide Panania 9 Panania Railway Station Infrastructure $11,000,000 05/06/2017 30/06/2018 OUR SERVICES M +61 404 033 533 Cnr TowerE [email protected] & Lambeth Street 10 LAHC Affordable Rental Housing (22 Units and 6 Townhouses) Infrastructure $6,856,000 03/07/2017 15/06/2018 Our research services span over every suburb, LGA, and state within Panania NSW 2213 Australia; captured in a variety of standard and customized products 11 LAHC Affordable Senior Living Units (16 Units) Infrastructure $3,840,000 04/07/2017 13/03/2018 Australia1/66 Princes Highway Dapto NSW 2530 T +61 2 9792 8188 12 Panorama Parade Road Rehabilitation Infrastructure $203,000 01/08/2017 08/09/2017 We have the ability and systems to monitor market movements, Australia demographic changes and property trends. We use our knowledge of F +61 2 9792 8100 13 Brett Street Roadworks Infrastructure $393,000 16/08/2017 13/10/2017 E [email protected] market sizes, price structure and buyer profiles to identify opportunities www.prdnationwide.com.au/dapto 14 The River and Bransgrove Roads Intersection Infrastructure $263,000 30/10/2017 14/12/2017 for clients and provide market knowledge that is unbiased, thorough and reliable. PRD.com.au/panania 15 Canterbury Bankstown Council Roadworks Infrastructure $331,000 31/10/2017 30/11/2017 Heading

16 Maclaurin Av Mixed Development (26 Units) Mixed-Use $6,558,000 02/11/2017 16/11/2018

17 Faraday Road Dual Occupancies Residential $800,000 22/11/2017 29/06/2018 PRDnationwide does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable for any loss or damage resulting from any 18 Morgans Creek Restoration Infrastructure $479,000 30/11/2017 30/03/2018 statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide Research © All medians and volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. © 2017 *Disclaimer: Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes. **Estimated value is construction costs and does not reflect the project’s sale/commercial value.Commencement date quoted is an approximate only, as per relevant data authority. Source: Cordell Database, BatchGeo and Department of Planning and Environment NSW. PROJECT DEVELOPMENT MAP 2nd HALF 2017*

10.2% ABOUT PRDnationwide RESEARCH OVERVIEW OVERVIEW PRDnationwide’s research division provides reliable, unbiased, and 17.7% authoritative property research and consultancy to clients in metro and regional locations across Australia 65.1% Our extensive research capability and specialised approach ensures our clients can make the most informed and financially sounds decisions about residential and commercial properties. Commercial Infrastructure Mixed Use Residential OUR KNOWLEDGE Access to accurate and objective research is the foundation of all good property decisions As the first and only truly knowledge based property services company, PRDnationwide shares experience and knowledge to deliver innovative and effective solutions to our clients.

We have a unique approach that integrates people, experience, systems and technology to create meaningful business connections We focus on understanding new issues impacting the property industry; such as the environment and sustainability, the economy, demographic and OUR SERVICES INCLUDE: psychographic shifts, commercial and residential design; and forecast future implications around such issues based on historical data and fact. • Advisory and consultancy

• Market Analysis including profiling OUR PEOPLE and trends Our research team is made up of highly qualified researchers who Estimated Commence Completion • Primary qualitative and Label Project Name* Type focus solely on property analysis Value** Date** Date** quantitative research Skilled in deriving macro and micro quantitative information from multiple 1 English Street Roadworks Infrastructure $160,000 09/01/2017 31/03/2017 credible sources, we partner with clients to provide strategic advice and • Demographic and target market Analysis 2 Marco Avenue and Selems Pde Pedestrian Crossing Infrastructure $268,000 16/01/2017 17/03/2017 direction regarding property and market performance. We have the added advantage of sourcing valuable and factual qualitative market 3 Picnic Point Bank Stabilisation Infrastructure $347,000 16/01/2017 30/04/2017 • Geographic information mapping research in order to ensure our solutions are the most well considered 4 Olsen’s Funeral Home Commercial $600,000 23/01/2017 28/07/2017 and financially viable. • ProjectTracey Analysis McDonald including product and pricing recommendations 5 Padstow Parade Recruitment Office Commercial $500,000 06/02/2017 31/03/2017 Sales Manager & Licensed Real Our experts are highly sought after consultants for both corporate and Estate Agent, PRDnationwide Dapto 6 Doyle Road Townhouses and Villas (2 Townhouses & 3 Villas) Residential $1,250,000 17/02/2017 18/08/2017 AREAgovernmentXXXXXX bodies and their advice hasAREA helped steerXXXXXX the direction of a • Rental and investment return number of property developments and secured successful outcomes for analysis 7 7-Eleven Service Station Revesby Commercial $1,500,000 13/03/2017 21/07/2017 our clients. T +61 2 4261 0333 8 Ely St Villas (7 Villas) Residential $1,750,000 08/05/2017 28/02/2018 F +61 2 4262 1558 PRDnationwide Panania 9 Panania Railway Station Infrastructure $11,000,000 05/06/2017 30/06/2018 OUR SERVICES M +61 404 033 533 Cnr TowerE [email protected] & Lambeth Street 10 LAHC Affordable Rental Housing (22 Units and 6 Townhouses) Infrastructure $6,856,000 03/07/2017 15/06/2018 Our research services span over every suburb, LGA, and state within Panania NSW 2213 Australia; captured in a variety of standard and customized products 11 LAHC Affordable Senior Living Units (16 Units) Infrastructure $3,840,000 04/07/2017 13/03/2018 Australia1/66 Princes Highway Dapto NSW 2530 T +61 2 9792 8188 12 Panorama Parade Road Rehabilitation Infrastructure $203,000 01/08/2017 08/09/2017 We have the ability and systems to monitor market movements, Australia demographic changes and property trends. We use our knowledge of F +61 2 9792 8100 13 Brett Street Roadworks Infrastructure $393,000 16/08/2017 13/10/2017 E [email protected] market sizes, price structure and buyer profiles to identify opportunities www.prdnationwide.com.au/dapto 14 The River and Bransgrove Roads Intersection Infrastructure $263,000 30/10/2017 14/12/2017 for clients and provide market knowledge that is unbiased, thorough and reliable. PRD.com.au/panania 15 Canterbury Bankstown Council Roadworks Infrastructure $331,000 31/10/2017 30/11/2017 Heading

16 Maclaurin Av Mixed Development (26 Units) Mixed-Use $6,558,000 02/11/2017 16/11/2018

17 Faraday Road Dual Occupancies Residential $800,000 22/11/2017 29/06/2018 PRDnationwide does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable for any loss or damage resulting from any 18 Morgans Creek Restoration Infrastructure $479,000 30/11/2017 30/03/2018 statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide Research © All medians and volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. © 2017 *Disclaimer: Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes. **Estimated value is construction costs and does not reflect the project’s sale/commercial value.Commencement date quoted is an approximate only, as per relevant data authority. Source: Cordell Database, BatchGeo and Department of Planning and Environment NSW. Nundah 2nd Half 2017 final.pdf 2 27/07/2017 2:20 PM

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