UDIA Development Showcase ~ Sunshine Coast Adrian Allen ~ Project Director Caloundra South 25 February 2015

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1 UDIA Development Showcase ~ Sunshine Coast Adrian Allen ~ Project Director Caloundra South 25 February 2015

2 Overview Context Market Health Stockland on the Sunshine Coast Oceanside Overview Next 12 months Caloundra South Overview Next 12 months

3 Sunshine Coast Market Health Employment growth accelerating with new projects , ,000 Actual Forecast 3.0% 2.5% 2.0% Strong forecast population growth 2 2.6% 2.2% 2.1% 150, ,000 50,000 76,640 98, , , , % 1.0% 0.5% 1.2% Vacant land sales continue to rise 3 Sunshine Coast Vacant Land Sales 1. OESR, Urbis 2. QLD, OESR 3. National Land Survey Program, Charter Keck Cramer/Research4 4. RP Data 0.0% Queensland Brisbane Sunshine Coast Brisbane North House prices rising and days on market falling 4 $500, $480, $460, $440, $420, Median Price (LHS) Days on Market (RHS) 20 $400,000 0 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14

4 Forecast residential land supply is below long term demands

5 Stockland Sunshine Coast Sunshine Coast Vacant Land Sales 2014 BRIGHTWATER 12% BELLS REACH 13% OCEANSIDE 71% 4% Brightwater Aerial Bells Reach Aerial

6 Stockland Sunshine Coast Investment to-date Over the last 10 years Stockland projects have contributed significantly to the economic prosperity of the Coast: $3.2 billion investment generated; 5,100 homes delivered; and 4,698 jobs generated. (Source: Urbis March 2014)

7 Oceanside - a long term investment 2026+

8 Remaining Unapproved Areas. BOKARINA BEACH TOURISM, LEISURE & BEACH SIDE LIVING TOWN CENTRE MIXED USE BIRTINYA ISLAND RESIDENTIAL NEIGHBOURHOOD

9 Oceanside Health Hub First of its kind in Australia master planned to accommodate a broad range of complementary business and accommodation uses. Approved Pulse One Health Best Western Plus Child Care Multi-deck Car Park Aged Care Facility One Health

10 Caloundra South

11 Bells Reach 11 One of our most successful projects in Australia Established new affordability price points, $ K Winner of National UDIA affordability award 2014 Winner Queensland UDIA Best Residential Subdivision 2014 Winner best new children's playground Queensland 2014(Playspace Award of Excellence & Best Landscape Feature) 85% sold, will completed by mid-2015 Stockland FY14 Results Presentation

12 Caloundra South - Project Profile 50,000m2 GFA of commercial 60,000m2 GFA of showrooms 650,000m2 GFA of industrial 100,000m2 GFA of retail 14,500 detached dwellings 4,000 attached dwellings 3 district centres 7 neighbourhood centres 12 schools 9 sports precincts Future rail station Connections to the Bruce Highway 3 connections to Kawana Arterial New conservation area

13 Caloundra South Detailed Approvals Residential (Stage 1) Residential (Stage 2) Business & Industry Town Centre 333 residential lots 1 local park 1,550 lots Supermarket based retail centre 1 community centre 2 public school Neighbourhood sports park 400,000m² business & industrial 40,000m² retail showroom 260 business & industry lots 7.5ha district sports park Major Retail Centre 50,000m² commercial 4,400du (incl. 2,500 Units) 2 schools 2 regional parks

14 Summary 1. Sunshine Coast Market Fundamentals as Strong we are confident around the future of the region 2. Supply and housing affordability remains the critical issue for the Sunshine Coast Most expensive regional market in the country with lack of affordable land coming on. 3. We are focused on bringing to market Oceanside and Caloundra South - Significant capital investment opportunity to drive economic growth, affordable housing, jobs, environmental and amenity: $300M over next 5 years for Caloundra South $200M over next 5 years for Oceanside

15 Stockland Corporation Limited ACN Stockland Trust Management Limited ACN th Floor 133 Castlereagh Street SYDNEY NSW 2000 DISCLAIMER OF LIABILITY While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. The information provided in this presentation may not be suitable for your specific situation or needs and should not be relied upon by you in substitution of you obtaining independent advice. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information in this presentation. All information in this presentation is subject to change without notice.