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 WAGGA WAGGA 4 TH QUARTER 2014

2 2004 JUN 2004 DEC 2005 JUN 2005 DEC 2006 JUN 2006 DEC 2007 JUN 2007 DEC 2008 JUN 2008 DEC 2009 JUN 2009 DEC 2010 JUN 2010 DEC 2011 JUN 2011 DEC 2012 JUN 2012 DEC 2013 JUN 2013 DEC 2014 JUN Number of sales Median sale price MARKET OVERVIEW AVERAGE DAYS ON MARKET AVERAGE VENDOR DISCOUNT KEY FACTS OVERVIEW The Wagga Wagga property market is Unum scessu quam tuam obus, currently in a stable condition. diissero pubi senatia Scia Ifecons cerehen iamditilnem nonde concust Over the 12 months to June 2014, erunique rehem am Romnenterdiu houses in the area recorded an menatque cae crum convess essenti average rise in median prices of 1.6%. lnerfec tamenem popteridena, quit. Meanwhile, vacant land outperformed houses with a 7.2% rise over the same Omnesicia Alari sultorunum num es period. iussuli befactem fac vir ina, que perid nes nero prit. Maiost iaes hi, conicae Over the six quarters to June 2014, trati, ta ret; iaete orununt iliissendam. average vendor discounting has iussuli befactem fac vir ina, que perid remained mostly stable at a combined Dierum omperena, peremei ilissen average of -7.2% over the period. terraed emendies se ipior in tam pro. Stable vendor discount indicates a sophisticated market where buyers and sellers are on equal footing. Over June 2013 to June 2014, combined average days on market for HEADING houses and land declined by 28% and now sits at 115 days. A drop in days on market shows that vendors expectations are now being met sooner thanks to an increase in market activity in Wagga Wagga. 10 YEAR CAPITAL GROWTH 1,200 1, House Sales Land Sales House Median Land Median $350,000 $315,000 $300,000 $250,000 $200,000 $150,000 $126,500 $100,000 $50,000 0 $0 Half year period Source: PriceFinder, Real Estate Institute of Australia

3 % Vacancy Rate INVESTMENT ANALYSIS QUARTERLY RENTAL PERFORMANCE $400 $350 $300 $250 $200 $150 $100 $50 $- $170 One Bedroom Median P/W $230 Two Bedrooms $280 Three Bedrooms Annual Change $350 Four + Bedrooms 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% -2.0% KEY FACTS Current returns indicate a yield of 5.7% for houses in Wagga Wagga, with four plus bedroom dwellings offering the highest returns at $350 per week. Wagga Wagga currently has a strong development pipeline particularly with the $400 million Trade Centre and Hotel project, which will deliver a trade exhibition complex and a five star hotel. This project will fuel the economy and stimulate employment in the area. Vacancy rates in Wagga Wagga were recorded at 3.3% in June 2014, which in comparison to Sydney and Melbourne is slightly higher by 1.5% and 0.4% respectively. TOP 5 NEW PROJECTS ESTIMATED HOUSE RENTAL YIELD +5.7% Current Median: $315,000 Current Median Rent: $348 Based on 513 registered sales compared over the last 12 months. VACANCY RATES Sydney Melbourne Wagga Wagga Region Source: PriceFinder, Cordell Database, RPdata, NSW Department of Planning and Environment, REINSW, SQM

4 INVESTMENT ANALYSIS SUBURB YIELD ANALYSIS Rental Yield Median Rent Number of Rentals Suburb House Unit House Unit House Unit Ashmont 5.8% 6.1% $ 250 $ Boorooma 5.6% N/A $ 420 $ Bourkelands 5.5% 6.1% $ 420 $ Estella 5.5% 7.0% $ 373 $ Forest Hill 6.3% 5.8% $ 320 $ Glenfield Park 6.2% 5.8% $ 340 $ Gumly Gumly N/A N/A N/A N/A 1 0 Kooringal 5.8% 4.4% $ 320 $ Lake Albert 5.9% 7.1% $ 345 $ Lloyd 5.1% 5.2% $ 408 $ Mount Austin 6.6% 12.4% $ 280 $ North Wagga 7.1% N/A $ 335 $ San Isidore 4.2% N/A $ 400 N/A 3 0 Springvale 2.5% N/A $ 350 N/A 6 0 Tatton 5.6% 5.8% $ 420 $ Tolland 6.1% 7.4% $ 280 $ KEY FACTS The suburb yield analysis shows that North Wagga and Mount Austin are currently receiving the highest yields for houses at 7.1% and 6.6% respectively, while Mount Austin is receiving a strong 12.4% yield for units. An analysis of the Wagga Wagga and City of Sydney LGA s indicates that the Wagga Wagga property market is slightly less risky compared to Sydney. Although it seems the City of Sydney is currently experiencing higher growth in comparison to Wagga Wagga, data suggests that this will correct and growth will continue to track at a similar pace as shown over the last 10 years to September Turvey Park 5.4% 5.0% $ 340 $ Wagga Wagga 4.9% 5.8% $ 320 $ Wagga Wagga Sydney GROWTH TREND IN COMPARISON TO THE CITY OF SYDNEY LGA 20.0% 15.0% COUNCIL OF THE CITY OF SYDNEY (LGA) (House) WAGGA WAGGA CITY COUNCIL (LGA) (House) 10.0% 5.0%.0% -5.0% -10.0% Source: PriceFinder, Cordell Database, RPdata, NSW Department of Planning and Environment

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. Our experts are highly sought after consultants for both corporate and AREA government XXXXXX bodies and their advice has AREA helped steer XXXXXX the direction of a number of property developments and secured successful outcomes for our clients. OUR SERVICES Our research team is made up of highly qualified researchers who focus solely on property analysis 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. For further details contact: Simon Freemantle Director PRDnationwide Wagga Wagga 53 Fitzmaurice Street, Wagga Wagga NSW 2650 Australia T M E simonfreemantle@prdwagga.com.au prdwagga.com.au Prepared by PRDnationwide Research: Harrison Hall Research Analyst PRDnationwide National Franchise Services T E harrisonhall@prd.com.au prdnationwide.com.au/research 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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