The North West Growth Precinct

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1 Where is Greater Sydney s next investment hotspot? Sydney has experienced very strong price growth over the past 6 years. When such strong growth has already occurred, it is important not to get caught buying property at the top of the property cycle. Ironfish believe that there is always a good buying opportunity in every market regardless of the property cycle as there is always an undersupply of good properties in emerging areas. In Sydney, there are two major growth areas that have been designated by the State Government, The North West Growth Precinct and the South West Growth Precinct.

2 When Ironfish are choosing what areas and projects to recommend to our clients, we are looking for three key things. Population, Infrastructure and Employment (P.I.E). These two growth areas will: POPULATION: Accommodate 500,000 people over the next 30 years INFRASTRUCTURE: Include at least $7.5Billion in new infrastructure EMPLOYMENT: Have around 2,500 hectares of land dedicated to employment When comparing both areas and deciding which one is better for our clients, we believe the North West Growth Precinct is superior to the south for the following reasons: 1. The North West is a smaller green field area meaning there will be more limited land supply compared to the South West 2. The North West already has the already established town centres of Rouse Hill and Blacktown. Future Town Centres at Marsden Park and Schofields are planned for the future 3. North West Rail Link is under construction and will connect to the already existing employment precincts of Norwest Business Park, Macquarie Park, Chatswood, North Sydney and the Sydney CBD. 4. The North West already has Blacktown Hospital and Nepean Hospital fully operating 5. The North West also has more future employment precincts compared to the South West 6. The South West is surrounded by suburbs that are of a lower socio-economic background such as Liverpool and Campbelltown while the North West is surrounded by the Hills District and North Shore which is more prestigious. The North West Growth Precinct The North West Growth Precinct will be connected to the prestigious North Shore of Sydney. This rail line is already under construction and is one of the largest rail infrastructure projects currently underway in Australia.

3 The North West is made up of 16 individual precicints of which 3 are dedicated to employment. Suburbs such as Kellyville, Rouse Hill and Castle Hill have already excperienced substantial price growth and all of these suburbs have a median house price of around $1,000,000. Investment Thinking Ironfish believe we can achieve the best possible capital growth potential for our clients by focusing on areas with the following attributes: Target suburbs with future growth potential not suburbs that have already grown strongly or are largely complete Target subrubs that are surrounded by suburbs with a much higher median house price Target suburbs where infrastrcture is either under construction, planned or proposed for the near future Marsden Park Marsden Park is one of the newer suburbs to undergo re zoning for development of new residential communities. Upon completion, it will comprise: Land for approximately 10,300 homes and over 30,000 residents 1 town centre and 2 village centres 108 hectares of open space and recreation areas New primary and high schools Protection of more than 450 hectares of significant vegetation and major creek corridors New pedestrian and cycle links Marsden Park is one of Ironfish s preferred investment hotpots in the North West Grwoth Centre.

4 Why do we like Marsden Park? Marsden Park is in the early stage so development giving it more of an opportunity for capital grwoth compared to established areas Because it is a new suburb, the prices for new homes is much cheaper compared to Kellyville, Rouse Hill, Castle Hill etc. Infrastructure Infrastructure currently under construction include Richmond Road upgrade and Schofields Road upgrade. Schofields train station is currently the closest operational rail line to Marsden Park. This road will make it quicker for tenants to gain access to the train station. Future proposed infrastructure includes Marsden Park rail line which will connect Marsden Park to the North West Rail Link

5 Once Marsden Park rail link is secured, the initial proposal being considered by the Government is to potentially extend it down to the future Badgerys Creek airport in the South West.

6 Employment Marsden Park is located next door to the Marsden Park Industrial Area which is host to Sydney Business Park (expected completion in Mid 2017) With plans to deliver 17,000 jobs, the project is the largest and fastest growing employment area in Sydney s booming North West. Sydney Business Park is home to the second largest IKEA outside of Sweden and it is the largest in the Southern Hemisphere. This IKEA alone employs around 400 people.

7 The Opportunity Ironfish have secured a pre-public townhouse investment opportunity within the only truly masterplanned community in Marsden Park. This community is situation less than 1km from Sydney Business Park and the developer is the largest in Australia. Lcoated in the heart of the masterplan, these townhuoses are located next door to a future village shopping centre, catholic college, child care centre and playing fields. We have conducted local market research and have secured a tenant rental assurance package with gross rental yields between 4.5% - 4.7% for 12 months. With Townhouses starting from $539,000, we believe this project is one of the best buying opportunities within the boomiing North West Growth Centre. For more information, please contact your Ironfish Strategist or your local Ironfish office. Thank you.