Camden Haven

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

Number of Sales $1,000,000 the BembridgeinterestStreet and demand apartments within the area. 200 0 $0 ($5.8M**) which will add 23 apartments Camden Haven *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 The Camden Haven is located on the mid- AVERAGE VENDOR DISCOUNT** north coast of New South Wales, approx. House Unit AverageAverage vendorvendor discountdiscount reflectsreflects the the 30km south of the major regional center 0.0% averageaverage percentagepercentage differencedifference between Port Macquarie. Laurieton is the largest betweenfirst listed first listprice priceand andfinal final soldsold price. A price. A lower percentage difference town and the commercial center for the -1.0% lower percentage difference suggests (closer to zero) suggests buyers are *IMAGE* Camden Haven district, The estimated - 2.0% buyers are willing to purchase close to - 2.2% - 2.3% - 2.4% - 2.4% - 2.5% willing to purchase close to the first

urban population of this broader areas - 0.9% the first asking price of a property. - 3.0% - 1.1% 6.5cm HIGH was 16,746 at the last ABS 2016 census. -2.0% - 3.3% asking price of a property. Half 10.6cm WIDE Change from Last Year - 5.0% MARKET COMPARISON GRAPH Year -3.0% - 5.4% The KEYmarket FACTS comparison UNIT graph provides House Sales comparative trend for median price of -4.0% house and units over the past 10 years. House Median Price Suburbs profiled are chosen based on -5.0% proximity to the main suburb analysed in the factsheet, which is Laurieton. The House Rental Price Listing to Change from Sale Price -6.0% main suburb is highlighted through a MARKET CONDITIONS dotted black line graph. The Camden Haven* property market recorded a median house price of Unit Sales Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 $519,000 and $400,000 for units in Q3 2017, representing impressive double digit annual price growth of 10.4% and 23.1% respectively. Over the same Unit Median Price period of time the Port Macquarie – Hastings LGA also witnessed positive HOUSE MARKET COMPARISON annual price growth for houses and units, by 5.8% to $534,250 and 15.9% to Unit Rental Price $700,000 $400,000 respectively. The Camden Haven* unit market proves to be a premium market when compared to the wider LGA, however also returning FUTURE DEVELOPMENTS** $600,000 higher capital growth. The Camden Haven* house market is more affordable The Camden Haven* is set to see approx. when compared to the LGA, uniquely combined with higher capital growth. $500,000 $59.4M** of new projects commencing This makes it suitable for first home buyers wanting to enter the market. between 2016 - 2017. Residential projects $400,000 accounted for the majority of the Vendor discounts for houses has remained stable over the past 12 months to development value (83.3%), totaling an Q3 2017, currently at -2.5%. Unit average vendor discount has tightened $300,000 estimated $49.5M** of projects. This is

from -3.3% to -2.0% over same time frame, suggesting buyers are willing to House Price Median followed by infrastructure at approx. offer slightly above the sale price to secure their ideal unit. This confirms the $200,000 $4.9M** (8.4%) and commercial projects at increasing demand for units in The Camden Haven*, an opportunity for approximately $4.8M** (8.3%). developers to plan for mixed-use projects that adds to the unit stock. $100,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* Residential subdivision lots and house sites Median rents have improved over the past 12 months, growing by 12.0% to development drives the main proportion of Laurieton North Haven Bonny Hills Dunbogan $420 for houses and 2.8% to $325 for units. This is good news for investors, project value, to allow for new homes to be AREA XXXXXX especially with a continuously low vacancy rate, at 2.2% in October 2017. built and cater for increasing demand. In $700,000 This is on par with Sydney’s vacancy rate (2.1%), and combined with total 1322 lots are planned, spread over 7 exceptional rental yields of 4.4% (houses) and 4.6% (units), makes The projects. 16 units, 3 townhouses, and 3 $600,000 Camden Haven* an ideal place for positive long term investment returns. dwellings are also planned for the market. PORT MACQUARIE – HASTINGS GROWTH $500,000 The two main residential projects between 500 $600,000 2016 and 2017 are the Ocean Drive $400,000 400 $500,000 Subdivision ($19.3M**) in Lake Cathie, which will add 702 lots into the market. This $400,000 Unit MedianPrice 300 is followed by Wedgetail Drive Subdivision, $300,000 $300,000 a rural/residential subdivision project 200 $200,000 MedianPrice located in Kew with an approximate $200,000

Number of of Sales Number estimatedHeading value of $12.0M**. 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* 100 $100,000 *The Camden Haven market data and key indicators encapsulates aggregate West Haven Kendall Lakewood Kew 0 $0 property market conditions in the following suburbs: Bonny Hills, Lake Cathie, Q4 Q1 Q2 Q3 Q4 Q1 Lakewood, Laurieton, North Haven, West Haven, Dunbogan, Camden Head, Deauville, Kew, Logans Crossing and Kendall. *Disclaimer: 2017 data encapsulates up to an inclusive of Q3 2017 only, quoted data represents both settled transaction (i.e. government data) and agents’ advice. 2015 2016 2016 2016 2016 2017 **Estimated values are based on construction value provided by the relevant **The Camden Haven market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bonny Hills, Lake Cathie, Lakewood, Laurieton, North data authority and does not reflect commercial and/or re-sale value. Haven, West Haven, Dunbogan, Camden Head, Deauville, Kew, Logans Crossing and Kendall. House Unit Median House Price Median Unit Price Source: APM Pricefinder, realestate.com.au, Real Estate Institute of NSW.. Source: APM Pricefinder, Realestate.com.au, Real Estate Institute of Australia. OVERVIEWOVERVIEW AVERAGEAVERAGE VENDOR VENDOR DISCOUNT DISCOUNT The Camden Haven is located on the mid- AVERAGE VENDOR DISCOUNT** north coast of New South Wales, approx. House Unit AverageAverage vendorvendor discountdiscount reflectsreflects the the 30km south of the major regional center 0.0% averageaverage percentagepercentage differencedifference between Port Macquarie. Laurieton is the largest betweenfirst listed first listprice priceand andfinal final soldsold price. A price. A lower percentage difference town and the commercial center for the -1.0% lower percentage difference suggests (closer to zero) suggests buyers are *IMAGE* Camden Haven district, The estimated - 2.0% buyers are willing to purchase close to - 2.2% - 2.3% - 2.4% - 2.4% - 2.5% willing to purchase close to the first urban population of this broader areas - 0.9% the first asking price of a property. - 3.0% - 1.1% 6.5cm HIGH was 16,746 at the last ABS 2016 census. -2.0% - 3.3% asking price of a property. Half 10.6cm WIDE Change from Last Year - 5.0% MARKET COMPARISON GRAPH Year -3.0% - 5.4% The KEYmarket FACTS comparison UNIT graph provides House Sales comparative trend for median price of -4.0% house and units over the past 10 years. House Median Price Suburbs profiled are chosen based on -5.0% proximity to the main suburb analysed in the factsheet, which is Laurieton. The House Rental Price Listing to Change from Sale Price -6.0% main suburb is highlighted through a MARKET CONDITIONS dotted black line graph. The Camden Haven* property market recorded a median house price of Unit Sales Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 $519,000 and $400,000 for units in Q3 2017, representing impressive double digit annual price growth of 10.4% and 23.1% respectively. Over the same Unit Median Price period of time the Port Macquarie – Hastings LGA also witnessed positive HOUSE MARKET COMPARISON annual price growth for houses and units, by 5.8% to $534,250 and 15.9% to Unit Rental Price $700,000 $400,000 respectively. The Camden Haven* unit market proves to be a premium market when compared to the wider LGA, however also returning FUTURE DEVELOPMENTS** $600,000 higher capital growth. The Camden Haven* house market is more affordable The Camden Haven* is set to see approx. when compared to the LGA, uniquely combined with higher capital growth. $500,000 $59.4M** of new projects commencing This makes it suitable for first home buyers wanting to enter the market. between 2016 - 2017. Residential projects $400,000 accounted for the majority of the Vendor discounts for houses has remained stable over the past 12 months to development value (83.3%), totaling an Q3 2017, currently at -2.5%. Unit average vendor discount has tightened $300,000 estimated $49.5M** of projects. This is

Number of of Sales Number estimatedHeading value of $12.0M**. 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* 100 $100,000 *The Camden Haven market data and key indicators encapsulates aggregate West Haven Kendall Lakewood Kew 0 $0 property market conditions in the following suburbs: Bonny Hills, Lake Cathie, Q4 Q1 Q2 Q3 Q4 Q1 Lakewood, Laurieton, North Haven, West Haven, Dunbogan, Camden Head, Deauville, Kew, Logans Crossing and Kendall. *Disclaimer: 2017 data encapsulates up to an inclusive of Q3 2017 only, quoted data represents both settled transaction (i.e. government data) and agents’ advice. 2015 2016 2016 2016 2016 2017 **Estimated values are based on construction value provided by the relevant **The Camden Haven market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bonny Hills, Lake Cathie, Lakewood, Laurieton, North data authority and does not reflect commercial and/or re-sale value. Haven, West Haven, Dunbogan, Camden Head, Deauville, Kew, Logans Crossing and Kendall. House Unit Median House Price Median Unit Price Source: APM Pricefinder, realestate.com.au, Real Estate Institute of NSW.. Source: APM Pricefinder, Realestate.com.au, Real Estate Institute of Australia. AVERAGE DAYS ON MARKET** OVERVIEW RENTAL MARKET ANALYSIS OVERVIEW HOUSE KEY FACTS Q3 2017 HOUSE KEY FACTS Q3 2017 120 HOUSE UNIT Median Rent Price: $420 per week Median Sale Price: $519,000 100 Suburb Rental Yield: 4.4% Annual Growth: 10.4%* 2 Bedroom 1 Bedroom Average Days on Market: 30 Average Days on Market: 77 Bedroom Breakdown: % Change between First Listed 3 Bedroom 2 Bedroom 80 1-2 Bed: 15%, 3 Bed: 50%, 4+ Bed: Price and Sold Price: -2.5% 4+ Bedroom 3+ Bedroom 35% 60 109 KEY FACTS UNIT* 88 UNITS KEY FACTS Q3 2017 UNITS KEY FACTS Q3 2017 40 81 84 80 77 76 Median Sale Price : $785,000 KEY COMMENTS Median Rent Price: $325 per week Average Days Market on Days Average 57 Annual Area Growth: 11% The Camden Haven* has an average of 333 online visits per property, 54 52 Median Sale Price: $400,000 Suburb Rental Yield: 4.6% 20 47 Average Days on Market: 36 which is considered a mid-demand market when compared to the New Annual Growth: 23.1%* Average Days on Market: 39 29 % Change between First Listed Price South Wales average of 852. The rental market is extremely attractive Average Days on Market: 76 Bedroom Breakdown: and Sold Price: -0.1% for investors, with median house and unit rental prices increasing by 0 % Change between First Listed 12.0% and 2.8% (respectively) over the past 12 months to Q3 2017. 1 Bed: 23%, 2 Bed: 47%, 3+ Bed: Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Price and Sold Price: -2.0% OverviewThe vacancy rate has trended quite low over the past 12 months, at 30% House Unit Overall Market Trend 2.2% in October 2017, suggesting a high demand rental market.

SALES AND MEDIAN PRICE** MEDIAN RENT AND AVERAGE DAYS ON MARKET* 80 450 100 $600,000

400 90 70 $500,000 80 350 60

70 300 $400,000 50

60 250 40 50 $300,000 200 91 93 70 MedianPrice

Number of of Number Sales 64 40 of Rentals Number 30 61 60 77 76 59 59 72 150 65 $200,000 30 20 43 41 37 100

33 Market on Days / Rent ($) Average Median 30 20 27 $100,000 28 10 50 10 18 11 10 11 7 0 0 0 $0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Heading

House Sales Unit Sales Median House Price Median Unit Price House Unit House Average Days Unit Average Days Median House Rent Median Unit Rent *Annual growth represents price growth for property transactions between Q3 2016 to Q3 2017 (inclusive). **The Camden Haven market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bonny Hills, Lake Cathie, Lakewood, *Disclaimer: The Camden Haven market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bonny Hills, Lake Cathie, Laurieton, North Haven, West Haven, Dunbogan, Camden Head, Deauville, Kew, Logans Crossing and Kendall. Lakewood, Laurieton, North Haven, West Haven, Dunbogan, Camden Head, Deauville, Kew, Logans Crossing and Kendall. Source: APM Pricefinder, realestate.com.au, SQM Research, Real Estate Institute of NSW, Central Coast 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 120 HOUSE UNIT Median Rent Price: $420 per week Median Sale Price: $519,000 100 Suburb Rental Yield: 4.4% Annual Growth: 10.4%* 2 Bedroom 1 Bedroom Average Days on Market: 30 Average Days on Market: 77 Bedroom Breakdown: % Change between First Listed 3 Bedroom 2 Bedroom 80 1-2 Bed: 15%, 3 Bed: 50%, 4+ Bed: Price and Sold Price: -2.5% 4+ Bedroom 3+ Bedroom 35% 60 109 KEY FACTS UNIT* 88 UNITS KEY FACTS Q3 2017 UNITS KEY FACTS Q3 2017 40 81 84 80 77 76 Median Sale Price : $785,000 KEY COMMENTS Median Rent Price: $325 per week Average Days Market on Days Average 57 Annual Area Growth: 11% The Camden Haven* has an average of 333 online visits per property, 54 52 Median Sale Price: $400,000 Suburb Rental Yield: 4.6% 20 47 Average Days on Market: 36 which is considered a mid-demand market when compared to the New Annual Growth: 23.1%* Average Days on Market: 39 29 % Change between First Listed Price South Wales average of 852. The rental market is extremely attractive Average Days on Market: 76 Bedroom Breakdown: and Sold Price: -0.1% for investors, with median house and unit rental prices increasing by 0 % Change between First Listed 12.0% and 2.8% (respectively) over the past 12 months to Q3 2017. 1 Bed: 23%, 2 Bed: 47%, 3+ Bed: Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Price and Sold Price: -2.0% OverviewThe vacancy rate has trended quite low over the past 12 months, at 30% House Unit Overall Market Trend 2.2% in October 2017, suggesting a high demand rental market.

SALES AND MEDIAN PRICE** MEDIAN RENT AND AVERAGE DAYS ON MARKET* 80 450 100 $600,000

400 90 70 $500,000 80 350 60

70 300 $400,000 50

60 250 40 50 $300,000 200 91 93 70 MedianPrice

Number of of Number Sales 64 40 of Rentals Number 30 61 60 77 76 59 59 72 150 65 $200,000 30 20 43 41 37 100

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