Why Invest in Australia?

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1 Great Barrier Reef Northern Territory Queensland Western Australia South Australia Gold Coast New South Wales Victoria Australian Capital Territory Tasmania

2 Australia is the biggest island in the world; the 6th largest nation; and the only country to occupy an entire continent. With its stable political system; safe, carefree, multi-cultural lifestyle; wide open spaces; pristine beaches, waterways, and forests; unique outback interior; 14 World Heritage listed sites, abundance of natural resources; low unemployment / low interest rate / high standard of living environment; and one of the most buoyant economic growth rates in the world - it is has long been considered a positive and safe investment haven by the international property investment community. The Australian Property Market The property market has reflected these attributes with continuing demand for new dwellings while stock levels and new construction in some cities being deficient to underlying demand. This demand has resulted in strong, consistent capital growth performance over many years, with median house prices compounding at an average growth rate of some 8.5% per annum since 1987 in our major capital cities, or an increase of more than 330% over that time.

3 % Median House Price Growth V CPI Sydney Melbourne Brisbane Canberra Perth Darwin CPI Chart plots price growth compared to CPI (inflation rate) Population Growth Australia s estimated resident population (ERP) at June 2005 was 20.3 million, an increase of 237,100 people compared with June This represents an annual growth rate of 1.2%, the same as the average annual growth rate for the five years to June All states and territories experienced population growth in , with the largest increases occurring in Queensland (up 75,900 people), Victoria (up 59,400 people) and New South Wales (up 53,500 people). Victoria s population passed the 5 million mark during , Western Australiaʹs passed 2 million and the Northern Territoryʹs passed 200,000 people. Queensland, Western Australia and the Northern Territory recorded annual growth rates greater than Australia overall in Queensland s population increased by 2.0% while Western Australia s increased by 1.6% and the Northern Territory s by 1.5%.

4 Victoria s growth rate for of 1.2% was the same as Australia overall. The remaining states and territories recorded lower annual growth rates than Australia, with the population of New South Wales increasing by 0.8%, South Australia and Tasmania each increasing by 0.6%, and the Australian Capital Territory by 0.3%. In each state and territory, the areas with the largest or fastest population growth tended to be outer suburbs, inner cities and certain regional centres, especially along the coast. Capital City Population Growth At June 2005 capital city Statistical Divisions (SDs) were home to 12.9 million people, around two-thirds (64%) of Australia s population. The combined population of capital city SDs increased by 138,000 people in , accounting for 58% of Australia s growth for the year. Brisbane SD was the fastest growing capital city in Australia in , increasing by 1.9%, followed by Darwin SD (up 1.7%) and Perth SD (up 1.6%). Melbourne SD recorded the largest growth of capital cities in , increasing by 41,300 people, followed by Brisbane SD (up 33,300 people) and Sydney SD (up 29,800 people). Population growth in the Melbourne SD in equated to an average increase of 790 people per week. Other large capital cities such as Brisbane increased at an average of 640 per week, Sydney 570 per week and Perth 450 per week.

5 One of the world s most buoyant economies Australia s Australia s Resilience Resilience World s World s Best Best Australia s Resilience Ranks Number One Fourth Year In A Row Australia Denmark Iceland India USA Norw ay Chile Malaysia Ireland Canada Thailand Taiw an Hong Kong UK Scale: 10 = Strong, 0=Weak Data Source: source: World World Competitiveness Yearbook Yearbook

6 Strong, consistent economic growth Solid Growth in 2005 Economy Grew Solidly in , Economic Growth in Australia GDP, vol. original Annual change % A$ billion Per cent -2.0 Source: ABS, National Accounts, Dec Source: ABS, National Accounts, Catalogue , December quarter 2005

7 Strength in diversity.. A Diverse Economy A Diverse Economy Sectoral Share of Major Industries Share of Major Sectors in Industry Vlaue Added, 2005 Health and community services 7% Education 5% Cultural and recreational services 2% Property and business services(c) 15% Finance and insurance 8% Communication services 3% Personal and other s ervic es 7% Transport and storage 5% A griculture, forestry and fishing 4% Mining 5% Manufacturing 13% Electricity, gas and w ater supply 3% Construction 8% Wholesale trade 6% Re ta il tr ad e Accommodation, 7% cafes and restaurants 2% Source: A BS, National A ccounts, December quarter 2005 Data source: ABS, National Accounts, Catalogue , Dec quarter 2005

8 Remarkable Economic Performance Australia has been the most resilient economy in the world for four years in a row. Australia is an increasingly prosperous nation with 15 years of continued economic expansion and strong productivity improvements. Responsible economic management has delivered a strong economy and strong budget outcomes. The government has reduced its debt to among the lowest levels in the OECD. Investment has surged, employment has grown strongly and inflation has remained moderate. The OECD describes Australia as one of its best performers. The Australian economy is expected to grow solidly in and Australian economic growth is forecast to be 2.5 per cent in and 3.25 per cent in Business investment is expected to grow by 14 per cent in and 8 per cent in The unemployment rate is expected to remain steady and inflation is expected to be within 2 to 3 per cent. Source: The Commonwealth Treasury, Budget , May 2006

9 Median House Price Growth Year Sydney Melbourne Brisbane Canberra Perth Darwin CPI* 18 Years 1987 $ 119,900 $ 91,000 $ 62,100 $ 90,300 $ 61,200 $ 81, $ 524,300 $ 359,500 $ 313,800 $ 359,100 $ 303,800 $ 295, Compound Growth p.a. 8.5% 7.9% 9.4% 8.0% 9.3% 7.5% 3.6% Source: The Real Estate Institute of Australia & The Australian Bureau of Statistics House prices are moving annual median for December quarter *Inflation Rate - Weighted Average Index Australia. As safe as houses!

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