Property Factsheet

 
 
Property Factsheet
OVERVIEW
                                                                                                                                            OVERVIEW
                                                                                                                                        Kogarah is located 14km south of the
                                                                                                                                        Sydney CBD. This welcoming area is
                                                                                                                                        well known for its sporting history,
                                                                                                                                 OVERVIEW
                                                                                                                                        picturesque parks and foreshore, family-
                                        *IMAGE*                                                                                  OVERVIEW
                                                                                                                                        oriented lifestyle and diverse
                                                                                                                                        demographics and cultures.
                                       6.5cm HIGH                                                                                Kogarah is located 14km south of the
                                                                                                                                 Sydney CBD. This welcoming area is
                                                                                                                                          Change from Last          Year
                                                                                                                                                                             Half
                                                                                                                                 well known for its sporting history,
                                      10.6cm WIDE                                                                                picturesque parks and foreshore, family-
                                                                                                                                                                             Year

                                      *IMAGE*                                                                                    orientedHouse   sales
                                                                                                                                          lifestyle and diverse
                                                                                                                                 demographics and cultures.
                                     6.5cm HIGH                                                                                              House median
                                                                                                                                        Change from Last                   Year
                                                                                                                                                                                               Half

                                    10.6cm WIDE                                   House rents
                                                                                                                                                                                               Year

                                                                           House sales
                                                                                  Unit sales
  MARKET CONDITIONS                                                        House median
                                                                                  Unit median
 The Kogarah* property market witnessed a record-setting median house priceHouse 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
MARKET CONDITIONS
 in the Georges River Council area grew by 15.2% to $1,425,000 and units by
 14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their                                           FUTURE DEVELOPMENTS**
                                                                                                       Unit median
The
 houseKogarah*    property
         price point          market
                          closely       witnessed
                                    mirrors  that of a record-setting
                                                        the greater LGA  median
                                                                             areahouse
                                                                                    howeverpricewith                Kogarah* is set to see approx.
ofthe
    $1,415,000
      potential and     $663,000
                  of stronger        for units
                                  capital      in Q1 Combined
                                            growth.     2017, resulting
                                                                     withinrecord-setting
                                                                             exceptional median                     $139.9M** of new projects commencing
                                                                                                       Unit rents
annual
 prices growth     figuresgrowth
         and positive        of 20.4%    and 9.6%
                                      trend,         respectively.
                                              Kogarah*               In comparison,
                                                            is a sought    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                                          accounted for the majority of estimated
14.1%
 Averageto $738,000.
            days to sell  Kogarah*     presents
                              in Kogarah*     havea unique
                                                      improvedopportunity,
                                                                   over thewhereby       months, FUTURE
                                                                               past 12their                                   DEVELOPMENTS**
                                                                                                                    value at $102.5M** (73.3%), followed by
house   price  point   closely  mirrors   that of  the  greater  LGA   area  however
 decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*    with                             is set to see           approx.
                                                                                                                    residential           projects,          which accounted for
the  potential
 emerged     forofhouse
                    stronger   capitaldiscounting,
                            vendor      growth. Combinedpivotingwith
                                                                  to record-setting
                                                                     7.2% above the    median
                                                                                           listing    $139.9M**             of   new     projects         commencing
                                                                                                                    approx. $20.0M** (14.3%),                            commercial
prices
 price and
        and positive
              indicating growth   trend,market.
                             a sellers’   Kogarah*     is a sought
                                                     Units           after market
                                                             are following          by buyers.
                                                                             a similar   trend,       in the area.            Mixed       use development
                                                                                                                    projects         which         contributed $13.5M**
 however slightly lower, sitting at 0.8%. This signifies that the Kogarah*                            accounted     (9.6%), for the and majority         of estimated
                                                                                                                                             lastly infrastructure
Average
 propertydays     to sell  in been
                              Kogarah*     havesignificantly
                                                 improved over     the past    12 months,             value atcontributing
                                                                                                                       $102.5M** (73.3%),
            market      has          skewed                     towards     a sellers   market.                                              $3.9M** followed (2.8%). by
decreasing
 Buyers aretoincreasingly
                 49 for houses      and 42
                                  willing  tofor
                                              pay units
                                                     morein Q1  2017. Athe
                                                            to secure     strong  trend
                                                                              ideal       has
                                                                                     properties,      residential projects, which accounted for
emerged
 showingfor thehouse
                  high vendor
                         level ofdiscounting,
                                    demand and    pivoting   to 7.2%present
                                                     competition       above the   listing
                                                                                within  the market.approx.Currently    $20.0M**the      (14.3%),          commercial
price and indicating a sellers’ market. Units are following a similar trend,                                                                    largest       development
                                                                                                      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%).
                                                                                                                    construction              of    two    11   storey        buildings
Buyers are increasingly willing to pay more to secure the ideal properties,
 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.
 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently                                   the largest development
                                                                                                                    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                                                   construction of additional retail facilities
                                                                                                      mixed development ($83.0M**). The
                                                                                                                    such as          an RSL           club buildings
                                                                                                                                                              development.
 GEORGES RIVER COUNCIL GROWTH
witnessed a slight increase in median rent to $635 and units softening slightly
to $480 over the past 12 months. Astute investors however are still benefiting
                                                                                                      construction              of two      11 storey
                                                                                                      will add a total of 220 apartments to the
from low
       400vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000      houses           Kogarah*      Theunit   mainmarketresidential
                                                                                                                                                 as well as   projects for 1 st half
and 3.8% for units.                                                                                   construction  2017 of     include
                                                                                                                                   additional   the Forest         Road residential
                                                                                                                                                        retail facilities
         Sales of Sales




                                                                                                                    development                 ($6.8M**),         which will add 6
                                                                                                                         Median Price




       300                                                                                            such as an RSL club development.
GEORGES RIVER COUNCIL GROWTH                                                        $1,000,000                      townhouses and 1 dwelling; as well as
                                                                                                      The main      theresidential
                                                                                                                            Bembridge               Streetfor
                                                                                                                                               projects         apartments
                                                                                                                                                                   1st half
       200
      400                                                                    $1,500,000
                                                                                                                    ($5.8M**)           which Road    will add       23 apartments
Number ofNumber




                                                                                                      2017 include               the Forest                    residential
                                                                                    $500,000          development   to theHeadingmarket. The
                                                                                                                                 ($6.8M**),               focus
                                                                                                                                                      which     willonaddmixed 6       use
                                                                                                          Median Price




       100
      300
                                                                                                                    and      residential            projects      reflects         the  high
                                                                             $1,000,000               townhouses               and     1   dwelling;        as   well   as
                                                                                                      the Bembridge interest Street and demand   apartments   within the area.

          Junee
      2000                                                                          $0                ($5.8M**)           which       will addfigures 23   apartments
                  Q4          Q1         Q2          Q3        Q4         Q1$500,000                              *Kogarah
                                                                                                      to theHeading
                                                                                                                  market.
                                                                                                                               Development
                                                                                                                  conditions for The       focus
                                                                                                                                  the following
                                                                                                                                                      encapsulate
                                                                                                                                                      on
                                                                                                                                                  suburbs:
                                                                                                                                                                  aggregate development market
                                                                                                                                                            mixedRockdale,
                                                                                                                                                            Kogarah,  use Carlton, Beverley Park
      100       2015 2016 2016 2016 2016 2017                                                                     Bexley,
                                                                                                      and residential
                                                                                                                            Monterey,  Kogarah
                                                                                                                                   projects
                                                                                                                  **Total project value
                                                                                                                                                   Bay.
                                                                                                                                          represents reflects    theestimate
                                                                                                                                                       the aggregate   highvalue of all residential,

          Property Factsheet
                                                                                                                  commercial, industrial, and infrastructure projects scheduled to commence in th
                                                                                                      interest    firstand
                                                                                                                        half ofdemand           within     the   area.
        0 House              Unit           Median House Price               $0Median Unit Price
                                                                                                                                2017.
                                                                                                                  Source: Cordell Database., RealEstate.com.au, APM Pricefinder.

                Q4         Q1         Q2       Q3          Q4       Q1                               *Kogarah Development figures encapsulate aggregate development market
                                                                                                     conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,


          2nd   Half Unit
                      2017Median House Price
               2015 2016 2016 2016 2016 2017                                                         Bexley, Monterey, Kogarah Bay.
                                                                                                     **Total project value represents the aggregate estimate value of all residential,
                                                                                                                               commercial, industrial, and infrastructure projects scheduled to commence in the
            House                                                                   Median Unit Price                          first half of 2017.
                                                                                                                               Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
Property Factsheet
OVERVIEW
                                                                                                                                                                       OVERVIEW
                                                                                                                                                                       Kogarah is located 14km south of the
                                                                                                                                                         OVERVIEW
                                                                                                                                                                Sydney CBD. This welcoming area is
                                                                                                                                                        OVERVIEWwell known for its sporting history,
                                                                                                                                                        OVERVIEWpicturesque parks and foreshore, family-
                                                     *IMAGE*                                                                                            The railway heritage town of Junee is
                                                                                                                                                        OVERVIEWoriented lifestyle and diverse
                                                                                                                                                          located just a half hour north east from
                                                                                                                                                                   demographics          and cultures.
                                                                                                                                                          Wagga    Wagga.      The14kmcharming
                                                                                                                                                                                            southtown   is
                                                    6.5cm HIGH                                                                                             Kogarah
                                                                                                                                                          situated
                                                                                                                                                                      is located
                                                                                                                                                                    amongst       the  magnificent
                                                                                                                                                           Sydney CBD. This welcoming area
                                                                                                                                                                     Change
                                                                                                                                                                                                   of the
                                                                                                                                                                                                     Riverina
                                                                                                                                                                                                        is                                  Half
                                                                                                                                                          region,  famous
                                                                                                                                                           well known         forfrom
                                                                                                                                                                          for its
                                                                                                                                                                                        Last wine and
                                                                                                                                                                                   its food,
                                                                                                                                                                                   sporting
                                                                                                                                                                                                    Year
                                                                                                                                                                                             history,
                                                   10.6cm WIDE                                                                                            rolling hills. Junee’s
                                                                                                                                                           picturesque     parks and diverse  economy
                                                                                                                                                                                         foreshore,        is
                                                                                                                                                                                                     family-
                                                                                                                                                                                                                                            Year

                                                   *IMAGE*                                                                                                driven  by  a
                                                                                                                                                                   House
                                                                                                                                                           demographics
                                                                                                                                                                         number
                                                                                                                                                                             sales   of industries
                                                                                                                                                           oriented lifestyle and diverse
                                                                                                                                                          agriculture,   lightand
                                                                                                                                                                                rail cultures.
                                                                                                                                                                                     and government
                                                                                                                                                                                                   including


                                                  6.5cm HIGH                                                                                              services. Junee is perfect for seekers of a
                                                                                                                                                                   House median
                                                                                                                                                          relaxed country lifestyle.
                                                                                                                                                                  Change from Last
                                                                                                                                                                                                        Half
                                                                                                                                                                                                     Year
                                                 10.6cm WIDE                    Change
                                                                                       House rents
                                                                                        from Last                                                                                                   Year
                                                                                                                                                                                                                         Year
                                                                                                                                                                                                                        Half
                                                                                House sales                                                                                                                             Year
                                                                                       Unit sales
          MARKET CONDITIONS                                                    House
                                                                                Housesales
                                                                                      median
      MARKET CONDITIONS
       The Kogarah* property market witnessed a record-setting median house price
                                                                                       Unit median
                                                                               House
                                                                                Housemedian
                                                                                      rents price
      The Junee* property market recorded a median price of $237,500 for
         of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional
      houses, representing annual price growth of 10.3% to 1st half 2017.                                                                           Unit rents
       annual growth figures of 20.4% and 9.6% respectively. In comparison, houses                                                 House        rents
      House prices in the township of Junee* were identical to the Junee Shire                                                        Unit sales
       MARKET CONDITIONS
       in the Georges River Council area grew by 15.2% to $1,425,000 and units by
      Council ($237,500). This suggests both Junee* and the larger local
       14.1% to $738,000.                 Kogarah*        presents        a unique          opportunity,                                           FUTURE DEVELOPMENTS**
      government         area provides          an affordable          option     for those      wanting towhereby
                                                                                                                 enter       their Land sales
                                                                                                                                      Unit median
      The
       houseKogarah*
                 price      property
                           point           market
                                     closely          witnessed
                                                  mirrors      that     a
                                                                       of
      the property market, without compromising on positive growth. Land   record-setting
                                                                           the     greater        median
                                                                                                LGA     area  house
                                                                                                                however price with                 Kogarah* is set to see approx.
      of $1,415,000
       the
      median       pricesand
            potential       ofover $663,000
                                 stronger          for units
                                         the capital
                                                past             in Q1 Combined
                                                         12growth.
                                                                months     2017,
                                                                               to 1resulting
                                                                                      st half with  inrecord-setting
                                                                                                  2017 exceptional
                                                                                                            grew to median         Land median     $139.9M** price            of new projects commencing
                                                                                                                                      Unit rents
      annual
       prices   growth
                and          figures
                         positive        of 20.4%
                                        growth         and
                                                    trend,    9.6%
                                                               Kogarah* respectively.
      $102,750, in part reflecting the small data sample size and varying land   is  a  soughtIn  comparison,
                                                                                                     after   market  houses
                                                                                                                         by  buyers.               in the area. Mixed use development
      in the Georges
      dimensions              River Council
                        transacting        duringarea       grew by 15.2% to $1,425,000 and units by
                                                      Q2 2017.                                                                                     accounted for the majority of estimated
      14.1%
       Average to $738,000.
                     days to sell    Kogarah*
                                          in Kogarah*presents   have a unique
                                                                         improved   opportunity,
                                                                                            over thewhereby
                                                                                                         past 12their months, FUTURE FUTURE                    DEVELOPMENTS**
                                                                                                                                                   value     DEVELOPMENTS**
                                                                                                                                                                  at $102.5M** (73.3%), followed by
      house
      Days     price
              on market
       decreasing       point
                          to 49   closely
                                for for
                                     houses,  mirrors
                                          houses  from   that
                                                       andlistingof
                                                              42 for the   greater
                                                                     to sale,
                                                                          unitshave     LGA
                                                                                    in Q1  seen area
                                                                                              2017.     however
                                                                                                   a decrease         with
                                                                                                        A strong trend has Kogarah*                        is set to see              approx.
                                                                                                                                                   residential               projects,          which accounted for
      the
      over potential
             the past
       emerged        forof12 stronger
                            housemonths     capital
                                         vendor        growth.
                                                            2017;Combined
                                             to 1st discounting,
                                                     half              now     at anwith
                                                                           pivoting       to record-setting
                                                                                        average
                                                                                              7.2%ofabove94 days.   median
                                                                                                                   the  listing Projects
                                                                                                                                     $139.9M**               of
                                                                                                                                                     commencing   new        projects
                                                                                                                                                                                   in        commencing
                                                                                                                                                                                       the(14.3%),
                                                                                                                                                                                             Junee LGA
                                                                                                                                                   approx.             $20.0M**                                commercial
      prices
       price and
      Leading  andintopositive
                         1st halfgrowth
                       indicating    2017,      trend,market.
                                               average
                                         a sellers’      Kogarah*
                                                             vendorUnits  is a sought
                                                                         discounts         in after
                                                                                              Junee*
                                                                                  are following       market
                                                                                                        ahave    by buyers.
                                                                                                           similar    trend,       during
                                                                                                                                     in the 2016 area.        and
                                                                                                                                                               Mixed   2017  usehave         been focused
                                                                                                                                                                                      development
                                                                                                                                                   projects             which         contributed             $13.5M**
      seen
       howevera partial    widening
                     slightly      lower,  to sitting
                                               -5.1%. at  This
                                                             0.8%.is goodThisnews        for buyers,
                                                                                  signifies      that the indicating
                                                                                                              Kogarah*             on    infrastructure
                                                                                                                                     accounted               for the   bymajority
                                                                                                                                                                              the stateofgovernment.
                                                                                                                                                                                                 estimated
      that  sellers    are    likely   to  be   more     willing    to  further     negotiate      on   initial
                                                                                                                                                   (9.6%),             and      lastly infrastructure
      Average      days     to   sell  in  Kogarah*       have     improved         over    the   past   12   months,                value atcontributing
                                                                                                                                                       $102.5M** (73.3%),
       property market has been skewed significantly towards a sellers market.
      asking prices.        This                                              affordability.                                                                                    $3.9M** followed  (2.8%). by
      decreasing
       Buyers aretoincreasingly
                           49    forfurther
                                      houses   confirms
                                                  and 42
                                                willing
                                                             Junee*’s
                                                           tofor
                                                               pay  units
                                                                       more  in  Q1    2017. Athe
                                                                                  to secure         strong
                                                                                                        ideal trend    has
                                                                                                                  properties,      An     infrastructural
                                                                                                                                     residential            projects,    projectwhich   of accounted
                                                                                                                                                                                            major                for
      emerged
       showing     for   house
                     theinhigh      vendor
                                    levelhave    discounting,
                                              of demand and          pivoting      to
                                                                         competition   7.2%     above
                                                                                              present     the   listing
                                                                                                           within    the market.   significance
                                                                                                                                     approx.         $20.0M** includes          the expansion
                                                                                                                                                                           (14.3%),          commercial      of the
      Median
      price   andrents
                    indicating Junee*a sellers’ remained
                                                    market. Units   relatively      stable, now
                                                                           are following               at $260
                                                                                                 a similar         per
                                                                                                              trend,               Junee           Currently the
                                                                                                                                                 Correctional                Centre.largest The   development
                                                                                                                                                                                                     project
                                                                                                                                     projects          which contributed                     $13.5M**
      week. Vacancyslightlyrates        have    declined      to 8.4%,        which suggests           a greater                   has             underway                 is   the     Kogarah            RSL Club
      however
       Median      rents
                                lower,
                              have
                                           sitting
                                        remained
                                                     at 0.8%.
                                                        relatively
                                                                   This signifies
                                                                         stable,
                                                                                          that the Kogarah*
                                                                                      whereby         houses       have              (9.6%), and lastly infrastructure and is
                                                                                                                                            an    estimated              value        of  $220M
      demand for
      property    marketrental    properties.
                                has   been skewed   Additionally,
                                                            significantlyyields     over the
                                                                                 towards          period have
                                                                                               a sellers    market.                due             mixed
                                                                                                                                            for completion          development
                                                                                                                                                                            in early            ($83.0M**).
                                                                                                                                                                                           2019. The                     The
       witnessedtoaremain  slight strong
                                      increase       inhave
                                                         median         rent    to $635       and     units   softening slightly     contributing               $3.9M**           (2.8%).
      continued                                  and            grown       to  5.7%
      Buyers are increasingly willing to pay more to secure the ideal properties,        in  1 st half  2017.                                      construction
                                                                                                                                   facility has a strong engagement with the     of    two     11    storey        buildings
       to $480
      These        over the yields
               solid               past 12 months.              Astute       investors        however       are still benefiting
      showing     the rental
                         high level of and    demandaffordable       house
                                                            and competition     prices      provide
                                                                                      present          ideal
                                                                                                   within    the market.           local community will add a
                                                                                                                                     Currently the largest development
                                                                                                                                                                       and totaleven  of provides
                                                                                                                                                                                           220 apartments to the
       from low vacancy
      conditions      for investors  rates     of 1.2%
                                           seeking           and healthy
                                                        to enter      the market.  rental yields of 2.5% for housesscholarships                    Kogarah*     for young  unit residents
                                                                                                                                                                                     market asinwell        the as
       and    3.8%     for    units.                                                                                                 underway is the Kogarah RSL Club
                                                                                                                                   area.       The       expansion
                                                                                                                                                   construction                 will
                                                                                                                                                                                 of     positively
                                                                                                                                                                                       additional          effect
                                                                                                                                                                                                            retail facilities
      JUNEE
      Median    rents   SHIRE
                           have remained  COUNCIL   relatively GROWTH
                                                                   stable, whereby houses have                                       mixed
                                                                                                                                   the     local  development
                                                                                                                                                     economy               and  ($83.0M**).
                                                                                                                                                                                     create            The
                                                                                                                                                                                                 further
                                                                                                                                                   such          as    an      RSL       club      development.
         GEORGES RIVER COUNCIL GROWTH
      witnessed a slight increase in median rent to $635 and units softening slightly
         75 over the past 12 months. Astute investors however$300,000
      to $480                                                                                        are still benefiting
                                                                                                                                     constructionopportunities
                                                                                                                                   employment
                                                                                                                                     will    add     a     total
                                                                                                                                                                 of two 11 storey
                                                                                                                                                                      of  220        apartments
                                                                                                                                                                                                  buildings in
                                                                                                                                                                                          for residents
                                                                                                                                                                                                           to the
                                                                                                                                   the Junee       The   area. main        residential            projects for 1 st half
      from low400  vacancy rates of 1.2% and healthy rental yields of$250,000                        2.5% for$1,500,000
                                                                                                                  houses             Kogarah*              unit     market           as  well     as
      and603.8% for units.
Number of Sales




                                                                                                                                     construction  2017 of       include
                                                                                                                                                                      additional    the Forest           Road residential
                                                                                                                                                                        for Juneeretail     is thefacilities
                                                                                                                               Median Price




                                                                                                                                   More        great news                                               massive
                 Sales of Sales




                                                                                                   $200,000                                        development                      ($6.8M**),           which will add 6
                                                                                                                                                   Median Price




         45 300                                                                                                                      such as          an RSL             club      development.
      GEORGES RIVER COUNCIL GROWTH                                                                 $150,000      $1,000,000
                                                                                                                                   Junee         Abattoir           land      contract
                                                                                                                                   Woolworths. Agriculture is currently theas well as
                                                                                                                                                   townhouses                    and      1
                                                                                                                                                                                              with
                                                                                                                                                                                              dwelling;
         30400                                                                                                                       The main
                                                                                                                                   dominating      theresidential
                                                                                                                                                             Bembridge
                                                                                                                                                            industry                theStreet
                                                                                                                                                                              ofprojects  areafor   apartments
                                                                                                                                                                                                    and 1stwill
                                                                                                                                                                                                              halfbe
              200                                                                                       $1,500,000
                                                                                                   $100,000                                        ($5.8M**)               which         will   add       23 apartments
        Number ofNumber




                                                                                                                                     2017       include           the
                                                                                                                                   further promoted by the contract. This Forest        Road       residential
                                                                                                                 $500,000            developmentHeading
                                                                                                                                                   to the         market.for
                                                                                                                                                                 Heading
                                                                                                                                                                  ($6.8M**),          Thewhichfocus willon  addmixed6       use
                                                                                                                                    Median Price




         15                                                                                        $50,000                         poses        great         prospects                  employment
           300100                                                                                                                                  and         residential             projects         reflects        the  high
                                                                                                        $1,000,000                 and      business
                                                                                                                                     townhouses                  opportunities
                                                                                                                                                                 and      1   dwelling;     in  the
                                                                                                                                                                                                as      area.
                                                                                                                                                                                                      well    as
           0                                                                                       $0                                the Bembridge interest Street     and demand    apartments   within the area.
           2000 2H                1H           2H           1H           2H            1H                        $0                  ($5.8M**)             which         will addfigures 23    apartments
                  2014 Q42015 Q1             2015 Q2      2016 Q3                     Q4            Q1$500,000                    *Junee market*Kogarah
                                                                                                                                                  data and key  Development              encapsulate
                                                                                                                                                                    indicators encapsulates   aggregateaggregate    development market
                                                                                                                                                                                                          property market
                                                                        2016 2017                                                    to   the    market.             The      focus      on    mixed         use Carlton, Beverley Park
                                                                                                                                                Heading
                                                                                                                                  conditions     conditions
                                                                                                                                             in the township for     the following
                                                                                                                                                                 of Junee.           suburbs:  Kogarah,    Rockdale,
           100 House      2015 2016 2016 2016 Vacant                                 2016Land     2017                            theand
                                                                                                                                                 Bexley,
                                                                                                                                  **Estimated value    is theMonterey,
                                                                                                                                              residential
                                                                                                                                      project’s sale/commercial
                                                                                                                                                 **Total projectvalue.
                                                                                                                                                                          Kogarah
                                                                                                                                                               value of land
                                                                                                                                                                      projects
                                                                                                                                                                      value
                                                                                                                                                                                      Bay.
                                                                                                                                                                               and construction
                                                                                                                                                                             represents reflects
                                                                                                                                                                                                costs, it does not reflect
                                                                                                                                                                                                      theestimate
                                                                                                                                                                                          the aggregate       highvalue of all residential,
                     Median House Price                                          Median Vacant Land Price                         ^2017 data captures
                                                                                                                                     interest
                                                                                                                                                          property
                                                                                                                                                 commercial,
                                                                                                                                                     and
                                                                                                                                                                     sales between
                                                                                                                                                                   industrial,        01/01/2016 and
                                                                                                                                                                                and infrastructure     31/06/2017.
                                                                                                                                                                                                    projects  scheduled to commence in th
                                                                                                                                  Source:  Cordell      half ofdemand
                                                                                                                                                    Database.,                     within
                                                                                                                                                                  RealEstate.com.au,     APMthe       area.
                                                                                                                                                                                               Pricefinder.
               0 House                    Unit               Median House Price                         $0Median Unit Price
                                                                                                                                                 first           2017.
                                                                                                                                                 Source: Cordell Database., RealEstate.com.au, APM Pricefinder.

                         Q4            Q1           Q2           Q3             Q4           Q1                                     *Kogarah Development figures encapsulate aggregate development market
                                                                                                                                    conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
                        2015 2016 2016 2016 2016 2017                                                                               Bexley, Monterey, Kogarah Bay.
                                                                                                                                    **Total project value represents the aggregate estimate value of all residential,
                                                                                                                                                         commercial, industrial, and infrastructure projects scheduled to commence in the
                                  House   Unit             Median House Price                           Median Unit Price                                first half of 2017.
                                                                                                                                                         Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
Property Factsheet
OVERVIEW
                                                                                                                                                                                           OVERVIEW
                                                                                                                                                                                   Kogarah is located 14km south of the
                                                                                                                                                                                   Sydney CBD. This welcoming area is
       AVERAGE VENDOR DISCOUNT                                                                                                                                          AVERAGE
                                                                                                                                                                                   well known for its sporting history,
                                                                                                                                                                             OVERVIEW
                                                                                                                                                                           OVERVIEW        VENDOR
                                                                                                                                                                                   picturesque       parksDISCOUNT
                                                                                                                                                                                                             and foreshore, family-
                                                0.0%
                                                                             *IMAGE*
                                                                         House Vacant land                                                                                 OVERVIEW
                                                                                                                                                                        Average    oriented
                                                                                                                                                                                   vendor       lifestylereflects
                                                                                                                                                                                              discount
                                                                                                                                                                                   demographics
                                                                                                                                                                                                           and diverse
                                                                                                                                                                                                                  the
                                                                                                                                                                                                        and cultures.
                                                                                                                                                                        average    percentage      difference
                                                                            6.5cm HIGH                                                                                     Kogarah is located 14km south of the
            Change from Listing to Sale Price




                                                                                                                                                                        between
                                                                                                                                                                           Sydneyfirst   list This
                                                                                                                                                                                              pricewelcoming
                                                                                                                                                                                                     and final sold
                                                                                 -1.9%



                                                                                                 -1.9%
                                                                 -1.9%




                                                                                                                                                                                    CBD.                         area is      Half




                                                                                                                                 -2.4%



                                                                                                                                                 -2.4%
                                                -1.0%                                                                                                                   price. A    Change
                                                                                                                                                                                  lower          from Last
                                                                                                                                                                                           percentage     differenceYear
                                                                                                                                                                           well known for its sporting       history,
                                                                           10.6cm WIDE                                                                                                                                        Year
                                                                                         -3.1%
                                                                                                                                                                        (closer to zero) suggests buyers are




                                                                                                                 -3.6%
                                                                                                                                                                           picturesque parks and foreshore, family-
                                                                           *IMAGE*                                                                                      willing to purchase      close to the first

                                                                                                         -4.4%
                                                -2.0%                                                                                                                      orientedHouse
                                                                                                                                                                                     lifestylesales
                                                                                                                                                                                                 and diverse




                                                                                                                         -4.8%
                                                                         -5.0%




                                                                                                                                         -5.1%
                                                                                                                                                                        asking price of a property.
                                                                                                                                                                           demographics and cultures.
                                                         -5.6%




                                                -3.0%                     6.5cm HIGH                                                                                    MARKET House
                                                                                                                                                                          KEY FACTS
                                                                                                                                                                          Change
                                                                                                                                                                                      median
                                                                                                                                                                                   COMPARISON
                                                                                                                                                                                 from LastUNITYear
                                                                                                                                                                                                   TABLE
                                                                                                                                                                                                      Half

                                                -4.0%                    10.6cm WIDE
                                                                          The market comparison graph provides
                                                                                    House rents
                                                                          comparative trend for median price of
                                                                                                                Year

                                                                             House sales
                                                                          house   and land over the past 10 years.
                                                                                    Unit sales
     MARKET CONDITIONS
       -5.0%                                                              Suburbs   profiled
                                                                             House median
                                                                          proximity
                                                                                             are chosen based on
                                                                                    to the main suburb analysed in
                                                                                    Unit median
                                                                          the factsheet,  which is Junee. The main
  The Kogarah*
       -6.0%    property market witnessed a record-setting median house priceHouse rents
Overview
  of $1,415,000
                                                                          suburb is highlighted through a dotted
              2Hand $663,000
                 2014        for2H
                       1H 2015*  units in Q1
                                   2015*   1H2017,
                                             2016 resulting
                                                   2H 2016 in
                                                            1Hexceptional
                                                               2017*      black lineUnit
                                                                                     graph.
                                                                                          rents
   annual growth figures of 20.4% and 9.6% respectively. In comparison, houses
                                                                                                                                  Unit sales
  MARKET CONDITIONS
   in the Georges River Council area grew by 15.2% to $1,425,000 and units by
  HOUSE MARKET COMPARISON**
   14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their
  The
   house Kogarah*       property
              price point             market
                                 closely         witnessed
                                             mirrors     that of  a record-setting
                                                                      the greater LGA       median
                                                                                                areahouse
                                                                                                       however pricewith
                                                                                                                                  Unit median
                                                                                                                                                FUTURE DEVELOPMENTS**
                                                                                                                                                Kogarah* is set to see approx.
  ofthe
      $1,415,000
         potential and        $663,000
                        of stronger           for units
                                           capital         in Q1 Combined
                                                       growth.       2017, resulting    withinrecord-setting
                                                                                                exceptional median                              $139.9M** of new projects commencing
               $600,000                                                                                                           Unit    rents
  annual
   prices growth
              and       figuresgrowth
                     positive       of 20.4%      and 9.6%
                                               trend,    Kogarah* respectively.
                                                                           is a sought  In comparison,
                                                                                              after market houses
                                                                                                                by buyers.                      in the area. Mixed use development
          House Median Price




  in the Georges
               $500,000  River Council area grew by 15.2% to $1,425,000 and units by                                                            accounted for the majority of estimated
  14.1%
   Average   to $738,000.
                  days to sell   Kogarah*       presents
                                      in Kogarah*         havea unique
                                                                   improved   opportunity,
                                                                                     over thewhereby         months, FUTURE
                                                                                                  past 12their                                            DEVELOPMENTS**
                                                                                                                                                value at $102.5M** (73.3%), followed by
  house     price
   decreasing       point
               $400,000      closely     mirrors    that   of  the    greater     LGA     area
                      to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah* however     with                                      is set to see             approx.
                                                                                                                                                residential             projects,          which accounted for
  the   potential
   emerged        forofhouse
                         stronger      capitaldiscounting,
                                   vendor         growth. Combined   pivoting   with
                                                                                   to record-setting
                                                                                        7.2% above the    median
                                                                                                               listing           $139.9M**              of   new       projects          commencing
               $300,000                                                                                                                         approx. $20.0M** (14.3%),                                commercial
  prices
   price andand positive
                   indicating   growth     trend,market.
                                    a sellers’      Kogarah*        is a sought
                                                                 Units                  after market
                                                                            are following              by buyers.
                                                                                                a similar    trend,              in the area.             Mixed         use development
                                                                                                                                                projects           which         contributed $13.5M**
   however        slightly lower, sitting at 0.8%. This signifies that the Kogarah*
               $200,000                                                                                                          accounted      (9.6%), for the   and majority          of estimated
                                                                                                                                                                           lastly infrastructure
  Average
   propertydays        to sell    in been
                                      Kogarah*       havesignificantly
                                                             improved over            the past    12 months,                     value atcontributing
                                                                                                                                                   $102.5M** (73.3%),
                 market       has             skewed                             towards       a sellers   market.                                                         $3.9M** followed  (2.8%). by
  decreasing    aretoincreasingly
   Buyers $100,000     49 for houses         and 42
                                           willing   toforpay units
                                                                 more  in Q1    2017. Athe
                                                                           to secure         strong  trend
                                                                                                 ideal        has
                                                                                                        properties,              residential projects, which accounted for
  emerged
   showingfor    thehouse
                       high     vendor   ofdiscounting,       pivoting       to 7.2%present
                                                                                          above the   listing
                                                                                                            the market.approx.Currently            $20.0M**the        (14.3%),           commercial
  price and indicating   $0 level            demand and            competition
                                 a sellers’ market. Units are following a similar trend,
                                                                                                   within                                                                     largest        development
                                                                                                                                 projects          which         contributed            $13.5M**
                                     2008            2009              2010
  however slightly lower, sitting at 0.8%. This signifies that the Kogarah*             2011        2012            2013                2014    underway      2015     is   the     Kogarah
                                                                                                                                                                                    2016             RSL
                                                                                                                                                                                                      2017 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 Junee                        $635 and unitsOld         Junee slightlycontributing
                                                                                                     softening                     Marrarconstruction      $3.9M**   Illabo  (2.8%).
     AREA
  Buyers            XXXXXX
              are increasingly         willing to pay more        AREA
                                                                     to secureXXXXXX
   to $480 over the past 12 months. Astute investors however are still benefiting
                                                                                     the ideal properties,                                                                  of    two     11    storey      buildings
                                                                                                                                                will add a total of 220 apartments to the
          LAND MARKET COMPARISON**
  showing the high level of demand and competition present within the market.
   from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently
                                                                                                                                 underway
                                                                                                                                                     the largest development
                                                                                                                                                Kogarah* unit market as well as
                                                                                                                                                       is the Kogarah RSL Club
   and 3.8% for units.
  Median rents have remained relatively stable, whereby houses have                                                                             construction of additional retail facilities
                                                                                                                                 mixed development ($83.0M**). The
                                                                                                                                                such as           an RSL            club buildings
                                                                                                                                                                                             development.
    GEORGES RIVER COUNCIL GROWTH
  witnessed a slight increase in median rent to $635 and units softening slightly
               $300,000
  to $480 over the past 12 months. Astute investors however are still benefiting
                                                                                                                                 construction               of two
                                                                                                                                 will add a total of 220 apartments to the
                                                                                                                                                                          11 storey
                Unit Median Price




  from low400vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000                       houses                  Kogarah*       Theunit   main market residential
                                                                                                                                                                               as well as    projects for 1 st half
  and 3.8% for units.                                                                                                            construction   2017 of     include
                                                                                                                                                                 additional   the Forest           Road residential
                                                                                                                                                                                       retail facilities
               $200,000
            Sales of Sales




                                                                                                                                                development                   ($6.8M**),           which will add 6
                                                                                                                                                                        Median Price




          300                                                                                                                    such as an RSL club development.
  GEORGES RIVER COUNCIL GROWTH                                                                         $1,000,000                               townhouses and 1 dwelling; as well as
                                                                                                                                 The main       theresidential
                                                                                                                                                        Bembridge                 Streetfor
                                                                                                                                                                             projects          apartments
                                                                                                                                                                                                  1st half
          200$100,000
        400                                                                                     $1,500,000
                                                                                                                                                ($5.8M**)             which Road    will add        23 apartments
   Number ofNumber




                                                                                                                                 2017 include                the Forest                       residential
                                                                                                       $500,000                  development    to theHeadingmarket. The
                                                                                                                                                             ($6.8M**),             whichfocus willonaddmixed
                                                                                                                                                                                                            6         use
                                                                                                                                                         Median Price




          100
        300
                                                                                                                                                and      residential              projects        reflects      the    high
                         $0                                                                     $1,000,000                       townhouses                and       1   dwelling;         as   well    as
                                     2008            2009             2010             2011         2012           2013          the  2014      interest
                                                                                                                                        Bembridge           2015  and
                                                                                                                                                                 Street    demand
                                                                                                                                                                               apartments
                                                                                                                                                                                  2016       within 2017 the   area.
        2000                                                                                           $0                        ($5.8M**)            which        will add figures 23    apartments
                       Q4             Q1           Q2            Q3            Q4
                                                                             Junee           Q1$500,000
                                                                                                   Old Junee                     toMarrar
                                                                                                                                              *Kogarah
                                                                                                                                     theHeading
                                                                                                                                              market.
                                                                                                                                                           Development
                                                                                                                                              conditions for The    Illabo
                                                                                                                                                                         focus
                                                                                                                                                                the following
                                                                                                                                                                                     encapsulate
                                                                                                                                                                                     on Kogarah,
                                                                                                                                                                                suburbs:
                                                                                                                                                                                                  aggregate development market
                                                                                                                                                                                           mixedRockdale,
                                                                                                                                                                                                      use Carlton, Beverley Park
        100           2015 2016 2016 2016 2016 2017                                                                                           Bexley, Monterey, Kogarah Bay.
                                                                                                                                 and residential                 projects
                                                                                                                                              **Total project value     represents reflects     theestimate
                                                                                                                                                                                      the aggregate    highvalue of all residential,
     *Disclaimer: Average Vendor Discounts for 1H 2015, 2H 2015 and 1H 2017 are indicative only due to limited data available.
                                                                                                                                 interest   incommercial,     industrial, andsample
                                                                                                                                                                                infrastructure projects scheduled to commence in th
                                                                                                                                              firstand
                                                                                                                                                    half ofdemand             within      the   area.
     **The dashed line in graphs signifies a period of no sales transactions. Median prices are sporadic due to significant differences         land sizes     and limited               size.
               House
     Source:0APM                     Unit
                   Pricefinder, realestate.com.au, RealMedian        House
                                                         Estate Institute        Price
                                                                          of Australia.         $0Median Unit Price
                                                                                                                                                            2017.
                                                                                                                                              Source: Cordell Database., RealEstate.com.au, APM Pricefinder.

                     Q4           Q1           Q2          Q3            Q4            Q1                                       *Kogarah Development figures encapsulate aggregate development market
                                                                                                                                conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
                    2015 2016 2016 2016 2016 2017                                                                               Bexley, Monterey, Kogarah Bay.
                                                                                                                                **Total project value represents the aggregate estimate value of all residential,
                                                                                                                                                                              commercial, industrial, and infrastructure projects scheduled to commence in the
                                                 House            Unit              Median House Price                           Median Unit Price                            first half of 2017.
                                                                                                                                                                              Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
Property Factsheet
OVERVIEW
                                                                                                                                                         OVERVIEW
                                                                                                                                                 Kogarah is located 14km south of the
                                                                                                                                                 Sydney CBD. This welcoming area is
                                                                                                                                         OVERVIEWwell known for its sporting history,
AVERAGE DAYS ON MARKET*                                                                                                                   OVERVIEW
                                                                                                                                         KEY     picturesque
                                                                                                                                                FACTS             parks and foreshore, family-
                                                                                                                                                            HOUSE**
                                                      *IMAGE*                                                                             OVERVIEW
                                                                                                                                                 oriented lifestyle and diverse
                                                                                                                                         Median Sale    Price: $237,500
                                                                                                                                                 demographics        and cultures.
                         160

                         140
                                                     6.5cm HIGH                                                                           Kogarah
                                                                                                                                         Annual
                                                                                                                                         Average
                                                                                                                                                    is located
                                                                                                                                                 Area
                                                                                                                                          Sydney Days
                                                                                                                                                        Growth:14km
                                                                                                                                                   CBD.on
                                                                                                                                                                  10.3%south of the
                                                                                                                                                          This welcoming
                                                                                                                                                   Change Market:
                                                                                                                                                              from Last94 area     is
                                                                                                                                                                                Year
                                                                                                                                                                                         Half
                                                                                                                                         %well knownbetween
                                                                                                                                                       for its sporting  history,
                                                    10.6cm WIDE                                                                             Change              First Listed Price       Year
Average Days on Market




                         120                                                                                                              picturesque
                                                                                                                                         and            parks
                                                                                                                                              Sold Price:  -5.1%and foreshore, family-
                                                    *IMAGE*                                                                               orientedHouse   sales
                                                                                                                                                   lifestyle  and diverse
                         100                                                                                                             KEY    FACTS and
                                                                                                                                          demographics      VACANT
                                                                                                                                                                 cultures.LAND**

                          80
                                                   6.5cm HIGH               Median
                                                                              Change
                                                                                     House median
                                                                                     Sale  Price:
                                                                                        from Last$102,750
                                                                                                        Year
                                                                                                                Half

                                                  10.6cm WIDE               KEY
                                                                            AnnualFACTS       UNIT*            Year
                                                                               142
                                                                                    Area Growth:   37.9%
                                                                                     House rents
       60                                                                   Average Days on Market: 66
                               115

                                     109




                                                                            Median
                                                                             House sales Price : $785,000
                                                                                    Sale
                                                  109




                                                                        96




                                                                                                           94
                                                                            Annual Area
                                                                                     Unit Growth:  11%
                                             92




                                                                                           sales
   MARKET CONDITIONS
                                                                                         102
       40
                                                         76




                                                                            Average   Days  on  Market:
                                                                                                 66     36



                                                                                                                   66
                                                                             House median
                                                                            % Change between First Listed Price
       20                                                                            Unit median
                                                              34




  The Kogarah* property market witnessed a record-setting median house priceand Sold Price: -0.1%
                                                                             House rents
  of $1,415,000
        0       and $663,000 for units in Q1 2017, resulting in exceptional
                                                                                     Unit rents
  annual growth figures
           2H 2014   1H of 20.4%2Hand
                        2015*         9.6%1H
                                   2015    respectively.
                                             2016 2H 2016In comparison,
                                                               1H 2017* houses
                                                                             Unit sales
MARKET CONDITIONS
  in the Georges River Council area grew by 15.2% to $1,425,000 and units by
                 House         Vacant Land        Overall Market Trend
  14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their           FUTURE DEVELOPMENTS**
                                                                             Unit median
The
 houseKogarah*       property
           price point             market
                               closely         witnessed
                                          mirrors     that of a record-setting
                                                                  the greater LGA     medianareahouse however  pricewith                    Kogarah* is set to see approx.
ofthe
    $1,415,000
      potential and          $663,000
                     of stronger           for units
                                         capital        in Q1 Combined
                                                    growth.       2017, resulting withinrecord-setting
                                                                                           exceptional median                               $139.9M** of new projects commencing
SALES AND MEDIAN PRICE*
annual
 prices growth        figuresgrowth
           and positive           of 20.4%      and 9.6%
                                             trend,   Kogarah* respectively.
                                                                      is a sought  In comparison,
                                                                                        after market       houses
                                                                                                                by buyers.
                                                                                                                               Unit rents
                                                                                                                                            in the area. Mixed use development
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%
 Average  to $738,000.
               days to sell    Kogarah*
                                   in Kogarah*presents havea unique
                                                                improved opportunity,
                                                                                over thewhereby
                                                                                              past 12their   months, FUTURE                           DEVELOPMENTS**
                                                                                                                                            value at $102.5M** (73.3%),
house   60
         price    point    closely    mirrors     that  of  the   greater   LGA      area   however         with                                                                     $300,000followed by
 decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*                                                             is set to see
                                                                                                                                            residential                  approx.
                                                                                                                                                                  projects,         which accounted for
the  potential
 emerged        forofhouse
                       stronger      capitaldiscounting,
                                 vendor         growth. Combined  pivoting with
                                                                              to record-setting
                                                                                   7.2% above the         median
                                                                                                               listing        $139.9M**             of new       projects(14.3%),commencing
                                                                                                                                            approx.         $20.0M**                             commercial
prices
 price and indicating a sellers’ market. Units are following a similarbuyers.
         and    positive     growth     trend,    Kogarah*       is a  sought     after  market        by    trend,           in the area.            Mixed       use     development
                                                                                                                                            projects which contributed $13.5M**
 however50 slightly lower, sitting at 0.8%. This signifies that the Kogarah*                                                  accounted     (9.6%), for the and majority        of estimated
                                                                                                                                                                                     $250,000
                                                                                                                                                                    lastly infrastructure
Average
 propertydays        to sell    in been
                                   Kogarah*        havesignificantly
                                                          improved over         the past     12 months,                       value atcontributing
                                                                                                                                               $102.5M** (73.3%),
               market       has             skewed                          towards       a sellers        market.                                                  $3.9M** (2.8%). by
                                                                                                                                                                                     followed
decreasing
 Buyers aretoincreasingly
                     49 for houses         and 42
                                        willing    tofor
                                                      pay  units
                                                              more in Q1   2017. Athe
                                                                       to secure        strong
                                                                                            ideal   trend    has
                                                                                                        properties,           residential projects, which accounted for
emerged
 showingfor    thehouse
                     high vendor
                              level ofdiscounting,
                                          demand and       pivoting     to 7.2%present
                                                               competition           above the within listing
                                                                                                            the market.approx.Currently        $20.0M**the      (14.3%),         commercial
        40 indicating a sellers’ market. Units are following a similar trend,
price and                                                                                                                                                              largest       development
                                                                                                                                                                                     $200,000
                                                                                                                              projects which 47            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
                                                                                                                                                                                                                       Median Price
    Number of Sales




 witnessed a slight increase in median rent to $635 and units softening slightlycontributing                                                           $3.9M** (2.8%).
                                                                                                                                            construction             of    two    11   storey         buildings
Buyers  30are    increasingly willing to pay more to secure the ideal properties,
 to $480     over the past 12 months. Astute investors however are still benefiting
showing the high    56 level of demand and competition present within the market.                                                           will add a total of 220$150,000           apartments to the
 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses                                                  Currently          the largest development
                                                                                                                                            Kogarah*
                                                                                                                           51underway is the Kogarah RSL Club   unit    market        as    well as
 and   3.8%      for   units.                 47
Median rents have remained relatively stable, whereby                              houses have                                              construction             of    additional        retail facilities
                                                                      44                                                      mixed development ($83.0M**). The
        20                                                                                                                                  such        as   an     RSL      club     development.
                                                                                                                                                                                     $100,000
  GEORGES RIVER COUNCIL GROWTH
witnessed a slight increase in median rent to $635 and units softening slightly
to $480 over the past 12 months. Astute investors however are still                            37 benefiting
                                                                                                                              construction of two 11 storey buildings
                                                                                                                              will add a total of 220 apartments to the
from low
       400vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000                         houses                Kogarah*      Theunit   mainmarketresidential
                                                                                                                                                                        as well as   projects for 1 st half
and 3.8% for units.                                                                                                           construction  2017 of     include
                                                                                                                                                           additional  the Forest         Road residential
                                                                                                                                                                               retail$50,000
                                                                                                                                                                                       facilities
        10
         Sales of Sales




                                                                                                                                            development                ($6.8M**),         which will add 6
                                                                                                                                      Median Price




                                                                                 17                                                    17
                                                                                                                              such as an RSL club development.
       300
GEORGES RIVER COUNCIL GROWTH    13
                                                         9                                             $1,000,000
                                                                                                             7
                                                                                                                                                                       14
                                                                                                                                            townhouses and 1 dwelling; as well as
                                                                                                                              The main      theresidential
                                                                                                                                                    Bembridge              Streetfor
                                                                                                                                                                      projects         apartments
                                                                                                                                                                                          1st half
       200
      400                                                                                   $1,500,000
          0                                                                                                                                 ($5.8M**)           which Road   will add$0     23 apartments
Number ofNumber




                                                                                                                              2017 include               the Forest                   residential
                     2H 2014                   1H 2015                 2H 2015                   1H$500,000
                                                                                                        2016                2H   2016 to the ($6.8M**),    1H 2017
                                                                                                                                      Heading
                                                                                                                              development                market.
                                                                                                                                                        Heading          The     focus
                                                                                                                                                                             which     will on
                                                                                                                                                                                             addmixed  6       use
                                                                                                                       Median Price




       100
      300
                                                                                                                                            and      residential           projects      reflects          the  high
                                                                                            $1,000,000                        townhouses               and     1   dwelling;       as   well    as
                   House Sales                    Vacant Land Sales                      Median        House Price                    Medianinterest  VacantandLand  demand  Pricewithin the area.
                                                                                                                              the Bembridge                Street       apartments
      2000                                                                                             $0                     ($5.8M**)           which       will add
                                                                                                                                                                     figures 23   apartments
                     Q4 Days on    Q1Market for Q2
                                                 1H 2015 and Q3            Q4 onlyQ1     due$500,000                          to  the
                                                                                                                                          *Kogarah
                                                                                                                                          market.
                                                                                                                                                       Development
                                                                                                                                          conditions for The       focus
                                                                                                                                                                             encapsulate
                                                                                                                                                                             on
                                                                                                                                                                                         aggregate development market
                                                                                                                                                                                   mixedRockdale,
                                                                                                                                                                                              use Carlton, Beverley Park
                                                                                                                                         Heading
       *Disclaimer: Average                                   1H 2017 are indicative         to limited data available.                                   the following  suburbs:  Kogarah,
      100
       **Junee     2015
                market  data and  2016
                                 key indicators 2016
                                                encapsulates2016
                                                             aggregate
       Source: APM Pricefinder, Realestate.com.au, SQM Research.
                                                                         2016
                                                                       property market 2017
                                                                                       conditions  in the suburb  of Junee only.          Bexley,
                                                                                                                              and residential
                                                                                                                                                    Monterey,  Kogarah
                                                                                                                                                           projects
                                                                                                                                          **Total project value
                                                                                                                                                                          Bay.
                                                                                                                                                                  representsreflects    theestimate
                                                                                                                                                                              the aggregate    highvalue of all residential,
                                                                                                                                          commercial, industrial, and infrastructure projects scheduled to commence in th
                                                                                                                              interest    firstand
                                                                                                                                                half ofdemand          within     the   area.
          0 House                 Unit              Median House Price                      $0Median Unit Price
                                                                                                                                                        2017.
                                                                                                                                          Source: Cordell Database., RealEstate.com.au, APM Pricefinder.

                   Q4           Q1          Q2          Q3           Q4          Q1                                          *Kogarah Development figures encapsulate aggregate development market
                                                                                                                             conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
                 2015 2016 2016 2016 2016 2017                                                                               Bexley, Monterey, Kogarah Bay.
                                                                                                                             **Total project value represents the aggregate estimate value of all residential,
                                                                                                                                            commercial, industrial, and infrastructure projects scheduled to commence in the
                           House           Unit         Median House Price                    Median Unit Price                             first half of 2017.
                                                                                                                                            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,
    RENTAL MARKET ANALYSIS*                                                                                                                    OVERVIEW
                                                                                                                                                      picturesque parks and foreshore, family-

    HOUSE      *IMAGE*                                                                                                                         OVERVIEW
                                                                                                                                               KEY FACTS           HOUSE**
                                                                                                                                                      oriented lifestyle     and diverse
                                                                                                                                                      demographics and cultures.
                                               6.5cm HIGH                                                                                      Kogarah   is located
                                                                                                                                               Median Rent:
                                                                                                                                               Sydney  CBD.
                                                                                                                                               Rental Yield:
                                                                                                                                                        Change
                                                                                                                                                                $26014km
                                                                                                                                                               This
                                                                                                                                                               5.7%
                                                                                                                                                                       p/w south of the
                                                                                                                                                                      welcoming
                                                                                                                                                                   from Last
                                                                                                                                                                                  area is
                                                                                                                                                                                     Year
                                                                                                                                                                                              Half
                                                                                                                                               well known   for its sporting  history,
                                              10.6cm WIDE
                                                       1-2 Bedroom                                                                             Bedroom Breakdown:
                                                                                                                                               picturesque
                                                                                                                                               1-2 Bed: 28%, parks   and 49%,
                                                                                                                                                                 3 Bed:   foreshore,  family-
                                                                                                                                                                                4+ Bed:
                                                                                                                                                                                              Year

                                              *IMAGE* 3 Bedroom                                                                                24% House
                                                                                                                                               oriented        sales
                                                                                                                                                        lifestyle  and diverse
                                                                                                                                               demographics and cultures.
                                                       4+ Bedroom
                                             6.5cm HIGH                                                                                                    House median
                                                                                                                                                      Change from Last                   Year
                                                                                                                                                                                                             Half

                                            10.6cm WIDE                                           House rents
                                                                                                                                                                                                             Year

    KEY FACTS                                                                             House sales
                                                                                                  Unit sales
     MARKET CONDITIONS
    Median rent for houses have remained relatively stable over the last 12
    months to 1H 2016, currently at $260 per week. Vacancy rates in the                   House median
    Junee postcode 2663 have seen a decrease from the previous year, to                           Unit median
 The  Kogarah*
    8.4%          property
          as of June  2016.market    witnessed
                              This suggest         a record-setting
                                             an increase               median house priceHouse rents
                                                          in rental demand.
Overview
 of $1,415,000
    Additionally, and
                  yields$663,000
                          in Junee for unitsstrong
                                   remain     in Q1at2017,
                                                      5.7%,resulting
                                                              which sit in exceptional
                                                                        well above                Unit rents
 annual  growth   figures   of 20.4%   and  9.6%   respectively.   In  comparison,
    Sydney’s gross rental yield of 3.5% for houses. A decline in vacancies          houses
                                                                                          Unit sales
  MARKET
 in the
    andGeorges     CONDITIONS
                   River
        strong yields      Council
                        is great    area
                                 news  for grew  byand
                                           current  15.2%    to $1,425,000
                                                        prospective           and units by
                                                                      investors.
  14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their                                                                                FUTURE DEVELOPMENTS**
                                                                                                                                                Unit median
  The
   house Kogarah*       property
              price point             market
                                closely          witnessed
                                            mirrors      that of  a record-setting
                                                                     the greater LGA     median
                                                                                              areahouse
                                                                                                      however pricewith                     Kogarah* is set to see approx.
  ofthe  MEDIAN RENT AND AVERAGE DAYS ON MARKET*
      $1,415,000
         potential and        $663,000
                        of stronger          for units
                                           capital         in Q1 Combined
                                                       growth.       2017, resulting withinrecord-setting
                                                                                              exceptional median
                                                                                                                               Unit rents   $139.9M** of new projects commencing
  annual
   prices growth        figuresgrowth
              and positive          of 20.4%      and 9.6%
                                              trend,     Kogarah* respectively.
                                                                          is a soughtIn 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                                                                accounted for the majority
         120                                                                                                                                                                             270 of estimated
  14.1%
   Average  to $738,000.
                 days to sell    Kogarah*       presents
                                      in Kogarah*         havea unique
                                                                   improved opportunity,
                                                                                  over thewhereby
                                                                                                past 12theirmonths, FUTURE                            DEVELOPMENTS**
                                                                                                                                            value at $102.5M** (73.3%), followed by
  house     price point
   decreasing         to 49closely      mirrorsand
                               for houses           that42 of for
                                                               theunits
                                                                     greater   LGA2017.
                                                                            in Q1      area however
                                                                                               A strongwith trend has Kogarah*                    is set to see           approx.
                                                                                                                                            residential           projects,          which accounted for
  the  potential     of  stronger      capital   growth.      Combined
   emerged for house vendor discounting, pivoting to 7.2% above the           with   record-setting      median
                                                                                                              listing         $139.9M**             of   new     projects         commencing
                                                                                                                                            approx. $20.0M** (14.3%),                            commercial




                                                                                                                                                                                                                  Median Rent ($) / Average Days on Market
  prices
   price100and
           and positive
                   indicating  growth     trend,market.
                                    a sellers’       Kogarah*       is a sought
                                                                 Units              after market
                                                                           are following      a similarby buyers.
                                                                                                            trend,            in the area.            Mixed       use development
                                                                                                                                            projects         which         contributed   265 $13.5M**
   however slightly lower, sitting at 0.8%. This signifies that the Kogarah*                                                  accounted     (9.6%), for the  andmajority         of estimated
                                                                                                                                                                     lastly infrastructure
  Average
   propertydays        to sell    in been
                                      Kogarah*       havesignificantly
                                                             improved over         the past     12 months,                    value atcontributing
                                                                                                                                               $102.5M** (73.3%),
                 market       has             skewed                           towards      a sellers     market.                                                    $3.9M** followed (2.8%). by
  decreasing
   Buyers aretoincreasingly
                       49 for houses         and 42
                                          willing     tofor
                                                         pay  units
                                                                 more in Q1   2017. Athe
                                                                          to secure       strong
                                                                                               idealtrend   has
                                                                                                       properties,            residential projects, which accounted for
  emerged       for house vendor discounting, pivoting to 7.2% above the listing
           80 the high level of demand and competition present within the market.approx.Currently                                              $20.0M**the      (14.3%),          commercial
       Number of Rentals




   showing                                                                                                                                                              largest          260
                                                                                                                                                                                      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%).
                                                                                                                                            construction              of    two    11   storey        buildings
  Buyers60are increasingly willing to pay more to secure the ideal properties,                                                                                                           255
   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%                                     108for houses                       Kogarah* unit market as well as
   and 3.8% for units.                                                         101                                            underway is the Kogarah RSL Club
  Median rents have remained relatively stable, whereby houses have                                                                         construction of additional retail facilities
                                                                                                                              mixed development ($83.0M**). The
                                                                                                                                            such as          an RSL           club buildings
                                                                                                                                                                                      development.
    GEORGES RIVER COUNCIL GROWTH
  witnessed40 a slight increase in median rent to $635 and units softening slightly
  to $480 over the past 12 months. Astute investors however are still benefiting
                                                       73
                                                                                                                              construction              of two      11
                                                                                                                                                                    81storey
                                                                                                                              will add a total of 220 apartments to the
                                                                                                                                                                                         250

  from low                                                                                                                          65 The main residential projects for 1 st half
          400vacancy 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.                                                                                                         construction  2017 of     include
                                                                                                                                                            additional  the Forest         Road residential
                                                                                                                                                                                retail facilities
            Sales of Sales




                                                                                                                                            development                 ($6.8M**),         which will add 6
                                                                                                                                       Median Price




           20
          300                42                                                                                               such as an RSL club development.                           245
  GEORGES RIVER COUNCIL GROWTH                                                                         $1,000,000                           townhouses and 1 dwelling; as well as
                                                                                                                              The main      theresidential
                                                                                                                                                    Bembridge               Streetfor
                                                                                                                                                                       projects         apartments
                                                                                                                                                                                           1st half
          200
        400                                                                                   $1,500,000
                                                                                                                                            ($5.8M**)           which Road    will add       23 apartments
   Number ofNumber




                                                                                                                              2017 include               the Forest                    residential
             0                                                                                         $500,000               development   to theHeadingmarket. The
                                                                                                                                                         ($6.8M**),               focus
                                                                                                                                                                              which      240
                                                                                                                                                                                        will on
                                                                                                                                                                                              addmixed 6        use
                                                                                                                        Median Price




          100
        300             2H 2014                   1H 2015                   2H 2015                 1H
                                                                                              $1,000,000 2016                 2H     2016
                                                                                                                              townhouses   Heading
                                                                                                                                            and      residential
                                                                                                                                                       and    1H
                                                                                                                                                               1      2017
                                                                                                                                                                   dwelling;projectsas    reflects
                                                                                                                                                                                         well   as         the   high
                                                                                                                              the Bembridge interest Street  and demand  apartments   within the area.
        2000                                               House                                       $0 Median House                Rent
                                                                                                                              ($5.8M**)           which       will addfigures 23   apartments
                       Q4             Q1          Q2             Q3           Q4          Q1$500,000                          to  the
                                                                                                                                          *Kogarah
                                                                                                                                          market.
                                                                                                                                                       Development
                                                                                                                                          conditions for The       focus
                                                                                                                                                                              encapsulate
                                                                                                                                                                              on
                                                                                                                                                                                          aggregate development market
                                                                                                                                                                                    mixedRockdale,
                                                                                                                                                                                              use Carlton, Beverley Park
                                                                                                                                         Heading
                                                                                                                                                          the following   suburbs:  Kogarah,
        100
       *Disclaimer:   2015
                    Rental market   2016
                                   analysis and  2016
                                                key  market    2016
                                                            indicators
       **Key Facts figures refers to 1H 2016 rental transactions.
                                                                             2016
                                                                       encapsulates      2017
                                                                                    aggregate property market conditions in the suburb    of
                                                                                                                              and residential
                                                                                                                                             Junee
                                                                                                                                          Bexley,      only.
                                                                                                                                                    Monterey,  Kogarah
                                                                                                                                                            projects
                                                                                                                                          **Total project value
                                                                                                                                                                           Bay.
                                                                                                                                                                  represents reflects    theestimate
                                                                                                                                                                               the aggregate   highvalue of all residential,
       Source: APM Pricefinder, Realestate.com.au, SQM Research.                                                                          commercial, industrial, and infrastructure projects scheduled to commence in th
                                                                                                                              interest    firstand
                                                                                                                                                half ofdemand           within     the   area.
            0 House                  Unit              Median House Price                     $0Median Unit Price
                                                                                                                                                        2017.
                                                                                                                                          Source: Cordell Database., RealEstate.com.au, APM Pricefinder.

                     Q4           Q1          Q2           Q3           Q4          Q1                                       *Kogarah Development figures encapsulate aggregate development market
                                                                                                                             conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
                    2015 2016 2016 2016 2016 2017                                                                            Bexley, Monterey, Kogarah Bay.
                                                                                                                             **Total project value represents the aggregate estimate value of all residential,
                                                                                                                                             commercial, industrial, and infrastructure projects scheduled to commence in the
                             House   Unit           Median House Price                         Median Unit Price                             first half of 2017.
                                                                                                                                             Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
OVERVIEW
                                                                                                                                                        OVERVIEW
                                                                                                                                                    Kogarah is located 14km south of the
                                                                                                                                                    Sydney CBD. This welcoming area is
     HOUSE SALES BY PRICE MAP Q2 2017*                                                                                                              well known for its sporting history,
                                                                                                                                             OVERVIEW
                                                                                                                                                    picturesque parks and foreshore, family-
                                                  *IMAGE*                                                                                    OVERVIEW
                                                                                                                                                    oriented lifestyle and diverse
                                                                                                                                                    demographics and cultures.
                                                 6.5cm HIGH                                                                                  Kogarah is located 14km south of the
                                                                                                                                             Sydney CBD. This welcoming area is
                                                                                                                                                      Change from Last          Year
                                                                                                                                                                                         Half
                                                                                                                                             well known for its sporting history,
                                  $1.6 M
                                                10.6cm WIDE                                                                                  picturesque parks and foreshore, family-
                                                                                                                                                                                         Year

                                                *IMAGE*                                                                                      orientedHouse   sales
                                                                                                                                                      lifestyle and diverse
                                                                                                                                             demographics and cultures.
                              $40.0 M          6.5cm HIGH                                                                                                House median
                                                                                                                                                    Change from Last                   Year
                                                                                                                                                                                                           Half

                                              10.6cm WIDE                         House rents
                                                                                                                                                                                                           Year

                                                                           House sales
                                                                                  Unit sales
  MARKET CONDITIONS                                                        House median
                                                                                  Unit median
 The Kogarah* property market witnessed a record-setting median house priceHouse 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
MARKET CONDITIONS
 in the Georges River Council area grew by 15.2% to $1,425,000 and units by
 14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their                                                               FUTURE DEVELOPMENTS**
                                                                                                                           Unit median
The
 house Kogarah*        property
             price point           market
                               closely        witnessed
                                          mirrors    that of a record-setting
                                                                the greater LGA      medianareahouse
                                                                                                   however pricewith                    Kogarah* is set to see approx.
ofthe
    $1,415,000
        potential and        $663,000
                       of stronger         for units
                                        capital        in Q1 Combined
                                                   growth.      2017, resulting withinrecord-setting
                                                                                          exceptional median                            $139.9M** of new projects commencing
                                                                                                                           Unit rents
annual
 prices growth
            and positivefiguresgrowth
                                  of 20.4%     and 9.6%
                                            trend,   Kogarah*respectively.
                                                                     is a soughtIn 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                                                              accounted for the majority of estimated
14.1%
 Average   to $738,000.
                days to sell   Kogarah*      presents
                                   in Kogarah*        havea unique
                                                              improved  opportunity,
                                                                              over thewhereby
                                                                                            past 12their months, FUTURE                           DEVELOPMENTS**
                                                                                                                                        value at $102.5M** (73.3%), followed by
house      price   point    closely   mirrors    that  of  the  greater    LGA    area
 decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*      however      with                                  is set to see             approx.
                                                                                                                                        residential            projects,            which accounted for
the   potential
 emerged         forofhouse
                         stronger   capitaldiscounting,
                                 vendor        growth. Combined pivoting  with
                                                                             to record-setting
                                                                                7.2% above the        median
                                                                                                           listing        $139.9M**             of   new      projects           commencing
                                                                                                                                        approx. $20.0M** (14.3%),                               commercial
prices
 price and and positive
                  indicating  growth    trend,market.
                                  a sellers’     Kogarah*      is a sought
                                                             Units             after market
                                                                      are following                by buyers.
                                                                                           a similar     trend,           in the area.            Mixed        use development
                                                                                                                                        projects          which          contributed $13.5M**
 however slightly lower, sitting at 0.8%. This signifies that the Kogarah*                                                accounted     (9.6%), for the  and majority           of estimated
                                                                                                                                                                  lastly infrastructure
Average
 propertydays          to sell  in been
                                   Kogarah*       havesignificantly
                                                         improved over        the past      12 months,                    value atcontributing
                                                                                                                                           $102.5M** (73.3%),
                market       has           skewed                          towards       a sellers     market.                                                    $3.9M** followed   (2.8%). by
decreasing
 Buyers aretoincreasingly
                      49 for houses       and 42
                                        willing   tofor
                                                     pay  units
                                                             morein Q1    2017. Athe
                                                                     to secure         strong
                                                                                           ideal trend   has
                                                                                                    properties,           residential projects, which accounted for
emerged
 showingfor     thehouse
                       high vendor
                              level ofdiscounting,
                                          demand and      pivoting     to 7.2%present
                                                             competition          above the       listing
                                                                                              within    the market.approx.Currently        $20.0M**the       (14.3%),            commercial
price and indicating a sellers’ market. Units are following a similar trend,                                                                                          largest        development
                                                                                                                          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%).
                                                                                                                                        construction               of     two     11    storey     buildings
Buyers are increasingly willing to pay more to secure the ideal properties,
 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.
 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently                                                       the largest development
                                                                                                                                        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                                                                       construction of additional retail facilities
                                                                                                                          mixed development ($83.0M**). The
                                                                                                                                        such as          an RSL              club buildings
                                                                                                                                                                                     development.
 GEORGES RIVER COUNCIL GROWTH
witnessed a slight increase in median rent to $635 and units softening slightly
to $480 over the past 12 months. Astute investors however are still benefiting
                                                                                                                          construction              of two       11 storey
                                                                                                                          will add a total of 220 apartments to the
from low 400vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000                   houses                Kogarah*      Theunit   mainmarket residential
                                                                                                                                                                      as well as     projects for 1 st half
and 3.8% for units.                                                                                                       construction  2017 of     include
                                                                                                                                                        additional   the Forest            Road residential
                                                                                                                                                                               retail facilities
         Sales of Sales




                                                                                                                                        development                  ($6.8M**),            which will add 6
                                                                                                                                     Median Price




         300                                                                                                              such as an RSL club development.
GEORGES RIVER COUNCIL GROWTH                                                                       $1,000,000                           townhouses and 1 dwelling; as well as
                                                                                                                          The main      theresidential
                                                                                                                                                Bembridge                 Streetfor
                                                                                                                                                                    projects           apartments
                                                                                                                                                                                          1st half
         200
       400                                                                                 $1,500,000
                                                                                                                                        ($5.8M**)            which Road      will add       23 apartments
Number ofNumber




                                                                                                                          2017 include               the Forest                       residential
                                                                                                   $500,000               development   to theHeadingmarket. The
                                                                                                                                                     ($6.8M**),             whichfocus willonaddmixed
                                                                                                                                                                                                    6       use
                                                                                                                      Median Price




         100
       300
                                                                                                                                        and      residential              projects        reflects     the   high
                                                                                           $1,000,000                     townhouses               and      1   dwelling;          as   well   as
                                                                                                                          the Bembridge interest Street  and demand    apartments    within the area.
       2000                                                                                        $0                     ($5.8M**)           which       will add figures 23     apartments
                       Q4          Q1           Q2           Q3          Q4            Q1  $500,000                       to time
                                                                                                                                      *Kogarah
                                                                                                                              theperiod
                                                                                                                                      market.
                                                                                                                                                   Development
                                                                                                                                                   for The      focus
                                                                                                                                                                             encapsulate
                                                                                                                                                                             on    mixed
                                                                                                                                                                                          aggregate development market
                                                                                                                                                                                             use Carlton, Beverley Park
                                                                                                                                     Heading
    *Disclaimer: Map captures house sales with complete addresses that were accurate for geo-coding purposes only, within the         conditions
                                                                                                                                              specifiedthein
                                                                                                                                                           following
                                                                                                                                                             the   titlesuburbs:
                                                                                                                                                                          of the   Kogarah,
                                                                                                                                                                                 Map        Rockdale,
                                                                                                                                                                                       (sales
    up 100           2015
       to and inclusive           2016 to 30/06/2017).
                        between 01/04/2017    2016 2016 2016 2017                                                                     Bexley,
                                                                                                                          and residential
                                                                                                                                                Monterey,   Kogarah
                                                                                                                                                        projects
                                                                                                                                      **Total project value    represents
                                                                                                                                                                         Bay.
                                                                                                                                                                           reflects      theestimate
                                                                                                                                                                              the aggregate   highvalue of all residential,
    Source: APM Pricefinder, GoogleMaps, BatchGEO.
                                                                                                                                      commercial, industrial, and infrastructure projects scheduled to commence in th
                                                                                                                          interest    firstand
                                                                                                                                            half ofdemand            within       the   area.
           0 House                Unit             Median House Price                      $0Median Unit Price
                                                                                                                                                    2017.
                                                                                                                                      Source: Cordell Database., RealEstate.com.au, APM Pricefinder.

                    Q4          Q1          Q2         Q3          Q4          Q1                                        *Kogarah Development figures encapsulate aggregate development market
                                                                                                                         conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
                   2015 2016 2016 2016 2016 2017                                                                         Bexley, Monterey, Kogarah Bay.
                                                                                                                         **Total project value represents the aggregate estimate value of all residential,
                                                                                                                                           commercial, industrial, and infrastructure projects scheduled to commence in the
                          House        Unit       Median House Price                          Median Unit Price                            first half of 2017.
                                                                                                                                           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                                                                                                                   OVERVIEW
                                                                                                                                                      picturesque parks and foreshore, family-
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PRDnationwide’s research division provides reliable, unbiased, and
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                                                                                                                                                      oriented lifestyle and diverse
                                                                                                                                                      demographics and cultures.
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authoritative property research and consultancy to clients in metro
and regional locations across Australia
                                                                                                                                               Kogarah is located 14km south of the
                                                                                                                                               Sydney CBD. This welcoming area is
                                                                                                                                                        Change from Last          Year
                                                                                                                                                                                           Half
                                                                                                                                               well known for its sporting history,
                             10.6cm
Our extensive research capability           WIDE
                                  and specialised  approach ensures our                                                                        picturesque parks and foreshore, family-
                                                                                                                                                                                           Year

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clients can make the most informed  and financially
about residential and commercial properties.
                                                    sounds decisions                                                                           orientedHouse   sales
                                                                                                                                                        lifestyle and diverse
                                                                                                                                               demographics and cultures.
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OUR KNOWLEDGE                                                                                                                                          Change from Last                   Year
                         10.6cm WIDE
Access to accurate and objective research is the foundation of all
                                                                                          House rents
                                                                                                                                                                                                              Year

                                                                                   House sales
good property decisions
                                                                                          Unit sales
     MARKET CONDITIONS
As the first and only truly knowledge based property services company,
PRDnationwide shares experience and knowledge to deliver innovative
                                                                                   House median
                                                                                          Unit median
  The
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                                                                                                                                            Unit rents
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                                                                                                                                           accounted              for the  andmajority of estimated
                                                                                                           months, FUTURE                            DEVELOPMENTS**
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                                                                                                                                    quantitative             $102.5M** (73.3%), followed by
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                                                                                              a similar    trend,            in the      area.
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                                                                                                                                           projects which contributed $13.5M**
   however
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                                                       0.8%. This information
                                                                        signifies that    fromthemultiple
                                                                                                   Kogarah*                 •accounted
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                                                                                                                                                   projects, which accounted for
                                                                                                                                    Project Analysis                  including
                                                                                                                                                            information                 product
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  emerged
   showing     for
                thehouse
                       high    vendor  ofdiscounting,         pivoting to 7.2%present above the     listing
                                                                                                          the market.approx.                 $20.0M**            (14.3%),         commercial
added     advantage        of level
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                                             valuableand   andcompetition
                                                                 factual qualitative market      within                             and    Currently
                                                                                                                                             pricing            the     largest
                                                                                                                                                            recommendations            development
  price and indicating a sellers’ market. Units are following a similar trend,                                               projects which contributed $13.5M**
research in order to ensure our solutions are the most well considered                                                      • Project      underway
                                                                                                                                                  Analysisisincluding the Kogarah      product RSL Club
  however slightly lower, sitting at 0.8%. This signifies that the Kogarah*                                                  (9.6%),
                                                                                                                              • and Rental   andand   lastly     infrastructure
                                                                                                                                                            investment            return
andMedian      rentsviable.
      financially        have remained relatively stable, whereby houses have                                                               pricing
                                                                                                                                           mixed           recommendations
                                                                                                                                                          development                ($83.0M**).           The
  property market has been skewed significantly towards a sellers market.
   witnessed a slight increase in median rent to $635 and units softening slightlycontributing                                      analysis $3.9M** (2.8%).
                                                                                                                                           construction               of    two    11     storey      buildings
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Ourto experts
       $480 over  are thehighly
                              pastsought      after consultants
                                      12 months.                       for bothhowever
                                                         Astute investors            corporateare  andstill benefiting                     will add a total of 220 apartments to the
  showing thebodies high level      of  demand       and   competition       present     within the     market.
AREA
government     XXXXXX         and   their    advice    has  AREA
                                                              helped       XXXXXX
   from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently
                                                                        steer    the   direction    of  a                         analysis
                                                                                                                                Rob             the largest
                                                                                                                                          Barrett,
                                                                                                                                           Kogarah*         Principal  development
                                                                                                                                                                unit market as well as
number
   and 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                                                      mixed
                                                                                                                                           construction($83.0M**).
                                                                                                                                          development
                                                                                                                                                                      of additional         The
                                                                                                                                                                                               retail facilities
our   clients.                                                                                                              Rob PRDnationwide
                                                                                                                                      Barrett,           Principal Junee
                                                                                                                                           such        as    an    RSL        club     development.
    GEORGES RIVER COUNCIL GROWTH
  witnessed a slight increase in median rent to $635 and units softening slightly
  to $480 over the past 12 months. Astute investors however are still benefiting
                                                                                                                             construction
                                                                                                                                83 Lorne Stof two
                                                                                                                            PRDnationwide
                                                                                                                             will
                                                                                                                                                              Junee
                                                                                                                                Junee NSW 2663 apartments to the
                                                                                                                                    add      a   total     of  220
                                                                                                                                                                   11 storey buildings

OUR
  from low  SERVICES
          400  vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000                   houses               83    Lorne
                                                                                                                             Kogarah*      The Streetmain residential projects for 1 st half
                                                                                                                                Australiaunit market as well as
  and 3.8% for units.                                                                                                       Junee
                                                                                                                             construction  20172663
                                                                                                                                         NSW            include
                                                                                                                                                       of   additional  the Forest           Road residential
                                                                                                                                                                                retail facilities
Our research services span over every suburb, LGA, and state within
            Sales of Sales




                                                                                                                            Australia      development                  ($6.8M**),           which will add 6
                                                                                                                                        Median Price




          300 captured in a variety of standard and customized products                                                      such
                                                                                                                                T +61  as an   02 RSL6924club   1371    development.
  GEORGES RIVER COUNCIL GROWTH
Australia;
                                                                                                     $1,000,000 T M              +61 +61   townhouses
                                                                                                                                          02718 6924    693 1371996   and      1  dwelling;         as well as
We have                                                                                                                     MTheE+61       the     Bembridge
                                                                                                                                         418residential
                                                                                                                                      main                                  Street
                                                                                                                                                   693 996 projects for 1 half
                                                                                                                                    rbarrett@prdjunee.com.au                             apartments
                                                                                                                                                                                              st
          200the ability and systems to monitor market movements,
        400                                                                                   $1,500,000
                                                                                                                                           ($5.8M**)             which Road   will add        23 apartments
   Number ofNumber




demographic changes and property trends. We use our knowledge of                                                            E2017
                                                                                                                                rbarrett@prdjunee.com.au
                                                                                                                                        include          the Forest                     residential
                                                                                                     $500,000                              to   the      market.          The     focus       on
                                                                                                                                                                                               addmixed        use
                                                                                                                             development               Heading
                                                                                                                                                         ($6.8M**),           which      will         6
                                                                                                                         Median Price




market     sizes, price structure and buyer profiles to identify opportunities
          100
        300                                                                                                                     www.prd.com.au/junee
for clients and provide market knowledge that is unbiased, thorough                                    and
                                                                                              $1,000,000                                   and
                                                                                                                            www.prd.com.au/junee
                                                                                                                             townhouses             residential
                                                                                                                                                       and     1   dwelling;projectsas      reflects
                                                                                                                                                                                          well    as      the    high
reliable.
        2000                                                                                         $0
                                                                                                                                        Heading
                                                                                                                             the Bembridge   Heading
                                                                                                                                           interest         and
                                                                                                                                                            Street   demand
                                                                                                                                                                         apartments    within      the   area.
                                                                                                                             ($5.8M**)            which       will addfigures 23   apartments
                       Q4give any Q1              Q2 to theQ3                Q4          Q1$500,000                          to  the
                                                                                                                                         *Kogarah
                                                                                                                                         market.
                                                                                                                                                      Development
                                                                                                                                                          The  thefocus
                                                                                                                                                                              encapsulate
                                                                                                                                                                              on    mixed
                                                                                                                                                                                            aggregate development market
                                                                                                                                                                                                use
PRDnationwide does not               warranty in relation        accuracy of   the information  contained in this report. If you  intend
                                                                                                                                        Heading
                                                                                                                                             to rely forupon        information      contained
                                                                                                                                         conditions       the following   suburbs:  Kogarah,  Rockdale, Carlton, Beverley Park
        100
herein, you must     2015 2016 2016 2016 2016 2017
                  take  note that the Information,  figures  and projections have   been provided  by various  sources  and
way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable
                                                                                                                               have   not
                                                                                                                                     for
                                                                                                                                            been
                                                                                                                                         Bexley,
                                                                                                                             and residential
                                                                                                                                          any
                                                                                                                                                    verified
                                                                                                                                                   Monterey,
                                                                                                                                                 loss    or
                                                                                                                                                               by   us.
                                                                                                                                                               Kogarah
                                                                                                                                                            projects
                                                                                                                                                            damage
                                                                                                                                         **Total project value
                                                                                                                                                                          We  have
                                                                                                                                                                           Bay.
                                                                                                                                                                             reflects
                                                                                                                                                                        resulting
                                                                                                                                                                  represents
                                                                                                                                                                                      no
                                                                                                                                                                                     from
                                                                                                                                                                                          belief
                                                                                                                                                                                           the
                                                                                                                                                                               the aggregateany
                                                                                                                                                                                                  one
                                                                                                                                                                                                 highvalue of all residential,
                                                                                                                                                                                              estimate
statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide                   Research
                                                                                                                                         commercial, industrial,    and©infrastructure
                                                                                                                                                                           All medians      and scheduled to commence in th
                                                                                                                                                                                         projects
volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed.   interest     © andhalf ofdemand
                                                                                                                                              2016                      within     the    area.
            0 House                Unit               Median House Price                      $0Median Unit Price
                                                                                                                                         first         2017.
                                                                                                                                         Source: Cordell Database., RealEstate.com.au, APM Pricefinder.

                    Q4           Q1           Q2          Q3          Q4           Q1                                       *Kogarah Development figures encapsulate aggregate development market
                                                                                                                            conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park,
                   2015 2016 2016 2016 2016 2017                                                                            Bexley, Monterey, Kogarah Bay.
                                                                                                                            **Total project value represents the aggregate estimate value of all residential,
                                                                                                                                              commercial, industrial, and infrastructure projects scheduled to commence in the
                             House   Unit            Median House Price                          Median Unit Price                            first half of 2017.
                                                                                                                                              Source: Cordell Database., RealEstate.com.au, APM Pricefinder.
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