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 INNER NORTH (ACT) 2 nd QUARTER 2015

2 MARKET OVERVIEW AVERAGE DAYS ON MARKET Days on Market % House House trend Unit Unit trend AVERAGE VENDOR DISCOUNT 2015 OVERVIEW KEY FACTS Unum The ACT-Inner scessu quam North tuam property obus, market diissero has shown pubi senatia mixed Scia growth Ifecons in recent cerehen years. iamditilnem nonde concust erunique The pastrehem 24 months am Romnenterdiu has seen both menatque house median cae crum pricesconvess up 4.9%, essenti and unit lnerfec mediantamenem prices down popteridena, -2.4%. quit. The same period has shown a Omnesicia Alari sultorunum num es decrease in sale volumes, suggesting iussuli befactem fac vir ina, que perid that subdued demand has dampened nes nero prit. Maiost iaes hi, conicae price growth. trati, ta ret; iaete orununt iliissendam. iussuli Price decrease befactem fac hasvir been ina, matched que peridby Dierum a downward omperena, trendperemei in the ilissen list-to-sale terraed price - emendies the housese average ipior in tam list-to-sale pro. price is now at +0.7%, while unit average list-to-sale price has dipped into negative territory, currently at - 1.0% below asking price. Vendor Discount 0.0% -5.0% -10.0% -15.0% House House trend Unit Unit trend 10 YEAR CAPITAL GROWTH $800,000 $700,000 House sales House median House trend Unit sales Unit median Unit trend 2015 Average days on market have trended down over the past 24 month period houses now average 54 days and HEADING units average 72 days on market. These trends suggest that buyers are stalling investment in ACT-Inner North, which is at its most affordable in recent years. The market is set for buyers entering the market or those looking for long-term investments. $803, $600,000 Median Price $500,000 $400,000 $300,000 $434, Sale Volume $200,000 $100, $ Source: APM PriceFinder

3 INVESTMENT ANALYSIS QUARTERLY RENTAL PERFORMACE Median Rent $900 $800 $700 $600 $500 $400 $300 $200 $100 $0 35.0% Median rent p.w. Annual change 27.6% 30.0% 25.0% 5.7% -2.0% 20.0% 0.0% 15.0% $ % $560 $ % $ % -5.0% 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom Annual Change KEY FACTS ACT-Inner North average rental yields are estimated at 3.35% for houses and 4.35% for units. Four bedroom rentals have recorded the greatest average annual change in median rent, up 27.6%, and have also commanded the greatest median rent price at $740 p.w. Population growth is predicted to increase at an annual average rate of 1.7%, or about 6,000 new residents per year. $398M of new developments are slated for the first half of 2015 showing strong investments in the local area. Mixed use projects and residential developments will add 616 new dwellings to the local market. POPULATION GROWTH PROPERTY CLOCK 600,000 Count of Persons 500, , , , , TOP 5 NEW PROJECTS 1 st HALF 2015 Black Mountain Property Consolidation Project: $195.0M Canberra House Redevelopment: $47.2M, 191 Units Cape Street Mixed Use Development: $46.8M, 224 Units FCCA Building: $30.0M Australian Capital Territory LGA Olims Mercure Canberra : $14.2M ACT Inner North ESTIMATED RENTAL YIELD House Rental Yield Unit Rental Yield Average Ainslie 3.9% 2.4% 3.2% Braddon 2.7% 5.1% 3.9% Dickson 3.5% 5.0% 4.3% Lyneham 3.8% 4.7% 4.3% O Connor 3.5% 4.2% 3.9% Turner 2.7% 4.7% 3.7% Heading Sydney Metro 3.2% 4.3% 3.8% Source: NSW Department of Housing, APM PriceFinder, Cordell Database, ACT Local Government

4 SALES BY PRICE MAP 2015 Source: Pricefinder, GoogleMaps, BatchGEO Disclaimer: Map captures house sales with complete addresses accurate for geocoding purposes.

5 ABOUT PRDnationwide RESEARCH PRDnationwide s research division provides reliable, unbiased, and authoritative property research and consultancy to clients in metro and regional locations across Australia Our extensive research capability and specialised approach ensures our clients can make the most informed and financially sounds decisions about residential and commercial properties. OUR KNOWLEDGE Access to accurate and objective research is the foundation of all good property decisions As the first and only truly knowledge based property services company, PRDnationwide shares experience and knowledge to deliver innovative and effective solutions to our clients. We have a unique approach that integrates people, experience, systems and technology to create meaningful business connections We focus on understanding new issues impacting the property industry; such as the environment and sustainability, the economy, demographic and psychographic shifts, commercial and residential design; and forecast future implications around such issues based on historical data and fact. 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. *IMAGE* 7.6cm HIGH 6cm WIDE For further details contact: Jeremy Francis Director and Licensed Real Estate Agent T M E jeremy.francis@prd.com.au PRDnationwide Canberra 7/32 Lonsdale Street, Braddon ACT 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. Prepared by PRDnationwide Research: Thomas Doyle Research Analyst PRDnationwide National Franchise Services T E thomasdoyle@prd.com.au prdnationwide.com.au/research Heading 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. Graphs and tables prepared by PRDnationwide Research. Source: PriceFinder, Cordell, ABS

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