PROPERTY FACTSHEET PROPERTY WATCH REPORT. GOLD COAST Surfers Paradise Fourth Quarter 2013

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1 PROPERTY FACTSHEET PROPERTY WATCH REPORT GOLD COAST Surfers Paradise Fourth Quarter 2013 JORDAN SPRINGS - PENRITH SEPTEMBER 2017

2 ABOUT The Jordan Springs community is nestled within 900 hectares of Regional Park, just 7kms to Penrith City Centre in New South Wales. When completed, this 324 hectare community will include a balance of homes, shops, parks, hike & bike trails and many other community and learning resources and facilities to create a vibrant village atmosphere. It is estimated that approximately 13,000 people will reside in 3,600 homes. Residents in Jordan Springs have easy access to the Great Western Highway and the M4, with bus services to Penrith City Centre and train station. There are 38 primary and 12 high schools in the Penrith Valley, with a local primary school planned for Jordan Springs. Families will be treated to 22 hectares of parks and open space, including a lake. In 2014 Jordan Springs was awarded the best master planned community in New South Wales and was the best selling project in Australia during Financial Year 14. Due to the project s great success it is expected to be completed four years ahead of schedule. Overview MARKET SUMMARY The Jordan Springs property market has gone from strength to strength in the past five years, with June 2017* recording the highest median house price of $749,950 and median vacant land price of $472,500. This represents 20.2% and 47.9% growth (respectively) over the past 24 months. Penrith LGA also recorded high growth; with median house and vacant land prices increasing by 18.9% and 37.4% (respectively) within the same time frame. Compared to the wider Penrith LGA Jordan Springs has recorded a higher median house price and biennial growth, suggesting a premium market with exponential capital growth potential. Jordan Springs average rental yield is 4.0% in 2017, surpassing Penrith LGA s 3.5% and Sydney Metropolitan s 3.4%. The Jordan Spring house market is growing rapidly and, combined with upcoming commercial development around the area, is forecasted to provide continuous high returns to investors. 10 YEAR HOUSE SALES CYCLE* OVERVIEW Jordan Springs Unum scessu quam tuam obus, diissero pubi senatia Scia Ifecons Penrith Blacktown cerehen iamditilnem nonde concust erunique rehem am Romnenterdiu menatque cae crum convess essenti lnerfec tamenem popteridena, quit. Omnesicia Alari sultorunum num es KEY MARKET INDICATORS iussuli befactem fac vir ina, que perid Half nes Change nero from prit. Maiost Last iaes Year hi, conicae Year trati, ta ret; iaete orununt iliissendam. iussuli House sales befactem fac vir ina, que perid Dierum omperena, peremei ilissen terraed emendies se ipior in tam pro. Median house price House rents Land sales Median land price HEADING Unit rents KEY HIGHLIGHTS** Parramatta Median house prices in Jordan Springs currently sit at $749,950, while median vacant land prices sit at $472,500. This represents an annual growth of 5.6% and 15.8% respectively. Median house price in Penrith LGA grew by 14.5% year on year to $707,500 in June 2017*, median land price grew by 12.9% to $474,250. The Jordan Springs rental market is promising, with median rent figures for houses increasing over the * period. House rental yield sits at 3.9%, higher than Sydney Metro s 2.9%. Approx. $5.9B worth of commercial, industrial, and infrastructure projects are planned in This will improve access to business hubs and local job creation. Examples include: Sydney Science Park Penrith Heading ($2.5B), Oakdale South Industrial Estate ($218M), and Cranebrook Village Shopping Centre ($14M). *Note: June 2017 data captures pricing of property sales up to and inclusive of 30 th June ***Estimated value refers to construction and/or land value, and commencement/completion dates, are as reported by relevant data authority. PRDnationwide does not hold any liability Source: APM PriceFinder, Penrith City Council, Real Estate Institute of New South Wales.

3 In June 2017, Jordan Springs and Penrith LGA annual median land price growth of 15.8% and 12.9% (respectively) outperformed Sydney Metro area growth of 1.6% 10 YEAR LAND SALES CYCLE* HOUSE AVERAGE DAY ON MARKET YEAR ON YEAR GROWTH* HOUSE PRICE POINTS HOUSEHOLD COMPOSITION KEY IMPLICATIONS Average days on market for houses in Jordan Springs and Penrith LGA has declined by 23.1% and 18.2% respectively over the twelve months to Q This is in contrast with the Sydney Metro area, which increased by 19.4% within the same time frame. This indicates AVERAGE that Jordan Springs DAY and ON Penrith MARKET LGA are highly attractive and in-demand property markets. House prices in Penrith LGA grew by 14.5% between June 2016 and June 2017, whereas land prices grew by 12.9%; further signalling Heading a strong property market. Historical low interested rates will keep buyer activity buoyant and drive further price growth in the future. *Note: 2017 data captures pricing of land sales up to and inclusive of 30 th June 2017, or end of 1 st Half Source: Australian Bureau of Statistics, APM PriceFinder, Cordell Database, CoreLogic RPdata, New South Wales Department of Planning and Environment.

4 3+ bedroom houses provide the highest return, with 7.1% annual rental growth INVESTMENT ANALYSIS ANNUAL RENTAL PERFORMANCE 2017 KEY COMMENTS Jordan Springs rental returns is strong, with house and unit yield of 3.9% and 4.1% respectively. This is substantially above the postcode 2747 (3.3% and 3.8%), Penrith LGA (3.0% and 3.9%), and Sydney Metro (2.9% and 3.8%). 3+ Bedroom houses provide the highest annual rental growth at 7.1%, with median rent per week at $460. The Penrith LGA vacancy rate is 1.6%, well below Sydney Metro s 2.0%. Both Penrith LGA and Jordan Springs vacancy rates are on a declining trend, in contrast to Sydney Metro s increasing trend. This confirms both areas as an investment hotbed. RENTAL YIELD 2017 Suburb/ Postcode/ LGA Jordan Springs RENTAL Postcode YIELD COMPARISON 2747 House Rental Yield Unit Rental Yield Average Rental Yield 3.9% 4.1% 4.0% 3.3% 3.8% 3.6% VACANCY RATES PROJECTIONS Penrith (LGA) 3.0% 3.9% 3.5% Sydney Metro 2.9% 3.8% 3.4% RENTAL YIELD COMPARISON HOME OWNERSHIP BREAKDOWN MEDIAN INCOME COMPARISON Heading Source: Australian Bureau of Statistics, APM PriceFinder, Cordell Database, CoreLogic RPdata, New South Wales Department of Planning and Environment, SQM Research, Housing NSW.

5 PROJECT DEVELOPMENT MAP * Total estimated value of project development in Penrith LGA commencing over 2016 and 2018 is $5.9B. This will improve connectivity to other business hubs and create local jobs, which builds a conducive environment for sustainable economic growth TOTAL PROJECT BREAKDOWN PENRITH LGA** Commercial Industrial Infrastructure Mixed Use Residential $463 M $495 M $702 M $3.36 B $897 M Map Location Project** Type Estimated Value** Commence Date*** Completion Date*** 1 Cranebrook Village Shopping Centre Infrastructure $14,290,000 11/01/ /06/ Group Homes - Llandilo Infrastructure $6,713,000 29/12/ /12/ Andrews Road Service Station & Medical Centre Commercial $4,385,000 18/06/ /08/ Waterside Corporate Industrial $4,307,000 25/04/ /08/ The Overlander Hotel Commercial $1,969,000 27/11/ /08/ Shell Service Station Commercial $1,650,000 05/03/ /08/ Lofty Pl Seniors Living Commercial $1,200,000 28/02/ /08/ Aldi Cranebrook Village Commercial $1,000,000 16/01/ /03/ Jordan Springs Drainage Channel Industrial $660,000 27/06/ /12/ Lakeside Parade Embellishment Works Commercial $400,000 16/03/ /09/2018 *Disclaimer: Project development map showcases a sample of commencing construction projects. This is due to limited space available and accuracy of addresses provided by the data provider for geocoding purposes. For a full list of project development please contact PRDnationwide research. **Total Project Breakdown Chart includes all projects in the Penrith City Council LGA commencing between regardless of the current stage in the development process. ***Estimated value refers to construction and/or land value as reported by relevant data authority and does not represent commercial/re-sale value. Source: Cordell Database, NSW Department of Planning and Environment, PRDnationwide, ESRI, DeLorne, HERE, Penrith City Council.

6 Prepared by: PRDnationwide RESEARCH For further details contact: Queensland National Franchise Services Doggett Street, Newstead QLD 4006 GPO Box 2750 Brisbane QLD 4001 P F E brisbane@prd.com.au New South Wales Level 7, 10 Help Street, Chatswood NSW 2067 P E sydney@prd.com.au Victoria and Tasmania Level 30, 367 Collins Street, Melbourne VIC 3000 M E victoria@prd.com.au