Junee - Property Factsheet 2nd Half 2017

Junee - Property Factsheet 2nd Half 2017

Junee - Property Factsheet 2nd Half 2017

OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, 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 first half of 2017. Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD.

This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx. $20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**).

The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market. The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively.

In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers. Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market.

Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park Bexley, Monterey, Kogarah Bay. **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in th first half of 2017.

Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx.

$20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market.

The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers.

Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price Junee Property Factsheet 2nd Half 2017

Junee - Property Factsheet 2nd Half 2017

OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, 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 first half of 2017.

Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx.

$20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market.

The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers.

Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park Bexley, Monterey, Kogarah Bay. **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in th first half of 2017.

Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx.

$20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market.

The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers.

Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW Heading *Junee market data and key indicators encapsulates aggregate property market conditions in the township of Junee. **Estimated value is the value of land and construction costs, it does not reflect the project’s sale/commercial value. ^2017 data captures property sales between 01/01/2016 and 31/06/2017. Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median price House rents Land sales Land median price JUNEE SHIRE COUNCIL GROWTH The railway heritage town of Junee is located just a half hour north east from Wagga Wagga.

The charming town is situated amongst the magnificent Riverina region, famous for its food, wine and rolling hills. Junee’s diverse economy is driven by a number of industries including agriculture, light rail and government services. Junee is perfect for seekers of a relaxed country lifestyle.

The Junee* property market recorded a median price of $237,500 for houses, representing annual price growth of 10.3% to 1st half 2017. House prices in the township of Junee* were identical to the Junee Shire Council ($237,500). This suggests both Junee* and the larger local government area provides an affordable option for those wanting to enter the property market, without compromising on positive growth. Land median prices over the past 12 months to 1st half 2017 grew to $102,750, in part reflecting the small data sample size and varying land dimensions transacting during Q2 2017.

Days on market for houses, from listing to sale, have seen a decrease over the past 12 months to 1st half 2017; now at an average of 94 days.

Leading into 1st half 2017, average vendor discounts in Junee* have seen a partial widening to -5.1%. This is good news for buyers, indicating that sellers are likely to be more willing to further negotiate on initial asking prices. This further confirms Junee*’s affordability. Median rents in Junee* have remained relatively stable, now at $260 per week. Vacancy rates have declined to 8.4%, which suggests a greater demand for rental properties. Additionally, yields over the period have continued to remain strong and have grown to 5.7% in 1st half 2017. These solid rental yields and affordable house prices provide ideal conditions for investors seeking to enter the market.

Projects commencing in the Junee LGA during 2016 and 2017 have been focused on infrastructure by the state government. An infrastructural project of major significance includes the expansion of the Junee Correctional Centre. The project has an estimated value of $220M and is due for completion in early 2019. The facility has a strong engagement with the local community and even provides scholarships for young residents in the area. The expansion will positively effect the local economy and create further employment opportunities for residents in the Junee area.

More great news for Junee is the massive Junee Abattoir land contract with Woolworths. Agriculture is currently the dominating industry of the area and will be further promoted by the contract. This poses great prospects for employment and business opportunities in the area. $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 15 30 45 60 75 2H 2014 1H 2015 2H 2015 1H 2016 2H 2016 1H 2017 Median Price Number of Sales House Vacant Land Median House Price Median Vacant Land Price

Junee - Property Factsheet 2nd Half 2017

OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, 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 first half of 2017. Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures.

Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx. $20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development.

The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market. The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers. Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%.

This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park Bexley, Monterey, Kogarah Bay. **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in th first half of 2017.

Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx.

$20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market.

The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers.

Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW Overview AREA XXXXXX AREA XXXXXX *Disclaimer: Average Vendor Discounts for 1H 2015, 2H 2015 and 1H 2017 are indicative only due to limited data available. **The dashed line in graphs signifies a period of no sales transactions. Median prices are sporadic due to significant differences in land sizes and limited sample size. Source: APM Pricefinder, realestate.com.au, Real Estate Institute of Australia.

KEY FACTS UNIT Average vendor discount reflects the average percentage difference between first list price and final sold price. A lower percentage difference (closer to zero) suggests buyers are willing to purchase close to the first asking price of a property. AVERAGE VENDOR DISCOUNT MARKET COMPARISON TABLE The market comparison graph provides comparative trend for median price of house and land over the past 10 years. Suburbs profiled are chosen based on proximity to the main suburb analysed in the factsheet, which is Junee. The main suburb is highlighted through a dotted black line graph.

AVERAGE VENDOR DISCOUNT HOUSE MARKET COMPARISON** LAND MARKET COMPARISON** $0 $100,000 $200,000 $300,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Unit Median Price Junee Old Junee Marrar Illabo $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 House Median Price Junee Old Junee Marrar Illabo -5.6% -5.0% -3.1% -4.4% -4.8% -5.1% -1.9% -1.9% -1.9% -3.6% -2.4% -2.4% -6.0% -5.0% -4.0% -3.0% -2.0% -1.0% 0.0% 2H 2014 1H 2015* 2H 2015* 1H 2016 2H 2016 1H 2017* Change from Listing to Sale Price House Vacant land

Junee - Property Factsheet 2nd Half 2017

OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, 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 first half of 2017. Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD.

This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx. $20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**).

The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market. The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively.

In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers. Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market.

Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park Bexley, Monterey, Kogarah Bay. **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in th first half of 2017.

Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx.

$20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market.

The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers.

Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW Heading AVERAGE DAYS ON MARKET* SALES AND MEDIAN PRICE* KEY FACTS UNIT* Median Sale Price : $785,000 Annual Area Growth: 11% Average Days on Market: 36 % Change between First Listed Price and Sold Price: -0.1% KEY FACTS HOUSE** Median Sale Price: $237,500 Annual Area Growth: 10.3% Average Days on Market: 94 % Change between First Listed Price and Sold Price: -5.1% KEY FACTS VACANT LAND** Median Sale Price: $102,750 Annual Area Growth: 37.9% Average Days on Market: 66 *Disclaimer: Average Days on Market for 1H 2015 and 1H 2017 are indicative only due to limited data available.

**Junee market data and key indicators encapsulates aggregate property market conditions in the suburb of Junee only. Source: APM Pricefinder, Realestate.com.au, SQM Research.

56 47 44 37 51 47 13 9 17 7 17 14 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 10 20 30 40 50 60 2H 2014 1H 2015 2H 2015 1H 2016 2H 2016 1H 2017 Median Price Number of Sales House Sales Vacant Land Sales Median House Price Median Vacant Land Price 115 92 76 96 102 94 109 109 34 142 66 66 20 40 60 80 100 120 140 160 2H 2014 1H 2015* 2H 2015 1H 2016 2H 2016 1H 2017* Average Days on Market House Vacant Land Overall Market Trend

OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, 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 first half of 2017. Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures.

Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx. $20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development.

The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market. The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers. Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%.

This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park Bexley, Monterey, Kogarah Bay. **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in th first half of 2017.

Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx.

$20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market.

The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers.

Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price Overview Heading RENTAL MARKET ANALYSIS* KEY FACTS MEDIAN RENT AND AVERAGE DAYS ON MARKET* KEY FACTS HOUSE** Median Rent: $260 p/w Rental Yield: 5.7% Bedroom Breakdown: 1-2 Bed: 28%, 3 Bed: 49%, 4+ Bed: 24% *Disclaimer: Rental market analysis and key market indicators encapsulates aggregate property market conditions in the suburb of Junee only. **Key Facts figures refers to 1H 2016 rental transactions.

Source: APM Pricefinder, Realestate.com.au, SQM Research. HOUSE Median rent for houses have remained relatively stable over the last 12 months to 1H 2016, currently at $260 per week. Vacancy rates in the Junee postcode 2663 have seen a decrease from the previous year, to 8.4% as of June 2016. This suggest an increase in rental demand. Additionally, yields in Junee remain strong at 5.7%, which sit well above Sydney’s gross rental yield of 3.5% for houses. A decline in vacancies and strong yields is great news for current and prospective investors. 42 73 101 108 65 81 240 245 250 255 260 265 270 20 40 60 80 100 120 2H 2014 1H 2015 2H 2015 1H 2016 2H 2016 1H 2017 Median Rent ($) / Average Days on Market Number of Rentals House Median House Rent 1-2 Bedroom 3 Bedroom 4+ Bedroom

OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, 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 first half of 2017. Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD.

This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx. $20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**).

The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market. The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively.

In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers. Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market.

Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park Bexley, Monterey, Kogarah Bay. **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in th first half of 2017.

Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx.

$20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market.

The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers.

Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price $1.6 M $40.0 M HOUSE SALES BY PRICE MAP Q2 2017* *Disclaimer: Map captures house sales with complete addresses that were accurate for geo-coding purposes only, within the time period specified in the title of the Map (sales up to and inclusive between 01/04/2017 to 30/06/2017). Source: APM Pricefinder, GoogleMaps, BatchGEO.

OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, 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 first half of 2017. Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures.

Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx. $20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development.

The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market. The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers. Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%.

This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW *IMAGE* 6.5cm HIGH 10.6cm WIDE Heading *Kogarah Development figures encapsulate aggregate development market conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park Bexley, Monterey, Kogarah Bay. **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in th first half of 2017.

Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW MARKET CONDITIONS FUTURE DEVELOPMENTS** Change from Last Year Half Year House sales House median House rents Unit sales Unit median Unit rents Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, picturesque parks and foreshore, family- oriented lifestyle and diverse demographics and cultures. Kogarah* is set to see approx. $139.9M** of new projects commencing in the area. Mixed use development accounted for the majority of estimated value at $102.5M** (73.3%), followed by residential projects, which accounted for approx.

$20.0M** (14.3%), commercial projects which contributed $13.5M** (9.6%), and lastly infrastructure contributing $3.9M** (2.8%). Currently the largest development underway is the Kogarah RSL Club mixed development ($83.0M**). The construction of two 11 storey buildings will add a total of 220 apartments to the Kogarah* unit market as well as construction of additional retail facilities such as an RSL club development. The main residential projects for 1st half 2017 include the Forest Road residential development ($6.8M**), which will add 6 townhouses and 1 dwelling; as well as the Bembridge Street apartments ($5.8M**) which will add 23 apartments to the market.

The focus on mixed use and residential projects reflects the high interest and demand within the area. The Kogarah* property market witnessed a record-setting median house price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional annual growth figures of 20.4% and 9.6% respectively. In comparison, houses 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 house price point closely mirrors that of the greater LGA area however with the potential of stronger capital growth. Combined with record-setting median prices and positive growth trend, Kogarah* is a sought after market by buyers.

Average days to sell in Kogarah* have improved over the past 12 months, decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has emerged for house vendor discounting, pivoting to 7.2% above the listing price and indicating a sellers’ market. Units are following a similar trend, however slightly lower, sitting at 0.8%. This signifies that the Kogarah* property market has been skewed significantly towards a sellers market. Buyers are increasingly willing to pay more to secure the ideal properties, showing the high level of demand and competition present within the market. Median rents have remained relatively stable, whereby houses have 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 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses and 3.8% for units.

GEORGES RIVER COUNCIL GROWTH $0 $500,000 $1,000,000 $1,500,000 100 200 300 400 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Median Price Number of Sales House Unit Median House Price Median Unit Price OVERVIEW PRDnationwide’s research division provides reliable, unbiased, and authoritative property research and consultancy to clients in metro and regional locations across Australia Heading ABOUT PRDnationwide RESEARCH AREA XXXXXX AREA XXXXXX Our extensive research capability and specialised approach ensures our clients can make the most informed and financially sounds decisions about residential and commercial properties.

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OUR PEOPLE Our research team is made up of highly qualified researchers who focus solely on property analysis Skilled in deriving macro and micro quantitative information from multiple credible sources, we partner with clients to provide strategic advice and direction regarding property and market performance. We have the added advantage of sourcing valuable and factual qualitative market research in order to ensure our solutions are the most well considered and financially viable.

Our experts are highly sought after consultants for both corporate and government bodies and their advice has helped steer the direction of a number of property developments and secured successful outcomes for our clients. OUR SERVICES Our research services span over every suburb, LGA, and state within Australia; captured in a variety of standard and customized products We have the ability and systems to monitor market movements, demographic changes and property trends. We use our knowledge of market sizes, price structure and buyer profiles to identify opportunities for clients and provide market knowledge that is unbiased, thorough and reliable.

OUR SERVICES INCLUDE: • Advisory and consultancy • Market Analysis including profiling and trends • Primary qualitative and quantitative research • Demographic and target market Analysis • Geographic information mapping • Project Analysis including product and pricing recommendations • Rental and investment return analysis PRDnationwide does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us.

We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide Research © All medians and volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. © 2016 Rob Barrett, Principal PRDnationwide Junee 83 Lorne St Junee NSW 2663 Australia T +61 02 6924 1371 M +61 718 693 996 E rbarrett@prdjunee.com.au www.prd.com.au/junee Heading OUR SERVICES INCLUDE: • Advisory and consultancy • Market Analysis including profiling and trends • Primary qualitative and quantitative research • Demographic and target market Analysis • Geographic information mapping • Project Analysis including product and pricing recommendations • Rental and investment return analysis Rob Barrett, Principal PRDnationwide Junee 83 Lorne Street Junee NSW 2663 Australia T +61 02 6924 1371 M +61 418 693 996 E rbarrett@prdjunee.com.au www.prd.com.au/junee