SEQ PROPERTY PERFORMS WELL

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1 REIQ QUEENSLAND MARKET MONITOR ISSUE 31 JUN QTR 2016 your state-wide property research guide suburb by suburb QMM STATE-WIDE COMMENTARY SEQ PROPERTY PERFORMS WELL Affordability, sustainable growth, and favourable lifestyle factors, were three key factors driving southern state investors to the Queensland residential property market in the June quarter, according to data released in the REIQ June Queensland Market Monitor. Parts of the market have become an irresistible lure for first-home buyers and the prevailing market conditions, such as historic low interest rates, affordable home prices, and steady capital growth opportunities, have contributed to fewer tenants and more first-home buyers and owner occupiers getting into some areas of Queensland. The state s property market continued along its divergent paths, with most of regional Queensland, north of the Sunshine Coast, still experiencing very challenging conditions and the southeast corner generally growing consistently. The stand-out regional markets of Cairns, Toowoomba, the Gold and Sunshine Coasts are performing pretty well, generally speaking, with tight vacancy rates, steady gross rental yields, and rising capital values. >p3

2 REIQ RESEARCH EXPLANATORY NOTES S MARKET DATA All figures for the most recent quarterly and yearly periods are preliminary only and subject to further revision as additional sales records become available (see Research Methodology online at reiq.com). As of the June quarter 2013, all sales data includes "Recent Sales" as advised by real estate agents as well as official records as advised by DNRM. As such comparisons with figures published prior to the June quarter 2013 should be done with caution. A median sale price is derived by arranging a set of sale prices from lowest to highest and then selecting the middle value within this set (ie, the 50th percentile, where half of recorded sales were less and half were higher than the median). Only suburbs and regions to record sufficient sales numbers (at least 20 sales for the quarter) at the time of reporting are published. Median price changes are influenced by varying quality of properties sold. N/A Due to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated. N/D Not displayed due to price movements potentially driven by type of stock transacting. (LGA) Local Government Area Brisbane. (SD) Brisbane Statistical Division comprising the LGA s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City. Sunshine Coast (SD) Sunshine Coast Region comprising the LGA's of Sunshine Coast Regional and Noosa. # Figures based upon the new council boundaries ^ Indicates acreage sales only (with land size greater than 2400m 2 ). All other data is based upon sales with a land size of less than 2400m 2 ON THE MARKET INDICATORS At the time of publication, latest information available was for the 12 months ending the month prior to end of the quarter reporting period. "Days on Market" is calculated as the median number of days it has taken to sell those properties sold by private treaty during the last 12 months. The calculation excludes auction listings and listings where an asking price is not advertised. The days on market calculation uses the contract date on the property compared with the first advertised date. "Vendor Discount" is the median difference between the contract price on a property and the first advertised price. The figure is expressed as a percentage and is an average of all private treaty sales which sold for less than their initial asking price. "Total Listings" is the total unique number of properties that have been advertised for sale and captured by RP Data over the 12 month period. To be included in the count, the listings have to be matched to an actual address. "% Stock on Market" is the percentage of dwellings within the suburb or local government area that have been listed for sale over the past year. Source: REIQ, data supplied by CoreLogic RP Data ( PRICE POINT GRAPHS Some data contained within these graphs represent preliminary sales numbers and are subject to revision as additional sales records become available. The data excludes any recent sales transactions where the contract sale price was not disclosed. The intention of these graphs is to gauge trends in sales activity between periods in lieu of actual final sales results and compare it with historical data. Source: REIQ, data obtained from CoreLogic RPData RENTAL MARKET DATA All median weekly rents are published on a postcode basis, as calculated by the Residential Tenancies Authority, where sufficient data is available. Caution should be exercised when interpreting any median rental price data based upon a relatively small number of new bond lodgements. Figures for the new LGA's available for the current quarter only. L Listed localities (or suburbs) represent one on potentially several that fall within that postcode. N.A. Due to insufficient new bond lodgements, no median rental price has been calculated GROSS RENTAL YIELDS House yields are based upon REIQ median house prices and RTA median weekly rent for three-bedroom houses. Unit yields are based upon REIQ median unit & townhouse sale prices and RTA median weekly rent for two-bedroom units. VACANCY RATES All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents. N/A Due to insufficient information received no vacancy rate has been calculated. Source: REIQ Residential Rental Survey Source: Residential Tenancies Authority, Rental Bond lodgements ( 2 QUEENSLAND MARKET MONITOR

3 REIQ TABLE OF CONTENTS Queensland market update 1 REIQ Explanatory notes 2 Brisbane market updates Brisbane Comparison to Capital Cities 7 Greater Brisbane 10 Brisbane LGA 16 Regional market updates Gold Coast 22 Toowoomba 26 STATE-WIDE SUMMARY STATE-WIDE COMMENTARY CONTINUED In contrast, Bundaberg, Fraser Coast, Gladstone, Rockhampton, Mackay, and to a lesser extent Townsville, continue to operate in challenging conditions, largely as a consequence of the resources downturn. State Government measures to create jobs and boost the local economies have been announced and the impact of these programs is eagerly anticipated. The REIQ is continuing to lobby government for measures that will benefit the residential property market throughout the state, including broadening the firsthome buyers grant to established homes, and removing the foreign buyer surcharge of 3%. These are barriers that prevent buyers accessing the market at a time when our market needs to welcome all buyers. >p4 Sunshine Coast 30 Fraser Coast 34 Bundaberg 36 Gladstone 38 Rockhampton 40 Mackay 42 Townsville 44 Cairns 48 Other Regional 51 On The Market Indicators 52 Total Listings % Stock on Market Median Vendor Discount Median Days on Market Rental Market Indicators 54 Gross rental yields Residential vacancy rates Managing Editor: Felicity Moore T E. fmoore@reiq.com.au Research Analyst: Karina Salas T E. ksalas@reiq.com.au Graphic Designer: Holly Tape T E. htape@reiq.com.au Source: REIQ, data obtained from CoreLogic RPData The Real Estate Institute of Queensland Ltd. Copyright Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151 Ph: (07) Fax: (07) research@reiq.com.au 3 QUEENSLAND MARKET MONITOR JUNE QUARTER

4 STATE-WIDE SUMMARY HOUSE MARKET The house market this quarter marginally improved over the March quarter. In this edition of the QMM, the REIQ has introduced reporting on the state-wide median prices. The median house price for Queensland was $455,000, representing a fractional increase of 0.28 per cent over last quarter. The more meaningful data is the annual median sale price, which was $453,00 0 for the June quarter, an increase of 2.95 per cent compared with 12 months ago and a solid per cent over five years ago. This is a clear indication that the Queensland residential property market is finally emerging from the vestiges of the GFC and is shaking off the resources downturn, as much as possible. Four out of 11 markets reported growth this quarter, one more market than last quarter and the volume of growth this quarter across all markets was greater than last quarter. However, there are parts of the state that are still struggling. The western mining towns of Moranbah, Blackwater, and Emerald will take longer to recover. The good news is that the spot price of coking coal rose to $170/tonne in September, and if this holds, there could be positive news on the horizon for these towns. The coastal centres of Gladstone, Fraser Coast, Rockhampton, Mackay and Bundaberg are still below where they were five years ago. Some suburbs of Mackay, including Blacks Beach, North Mackay and South Mackay, are around 30 per cent below their fiveyear waterline. However, regional areas such as the Gold Coast, the Sunshine Coast, Toowoomba and Cairns, have performed well and the Brisbane and surrounding areas have also performed very strongly, to pull the state through the recent difficulties. UNIT MARKET The unit market in Brisbane City (CBD) has continued to face the question of oversupply, and so far the data does not support that verdict. The median unit price in inner Brisbane grew 4.2 per cent in the June quarter, to $500,000. The annual median unit price of $488,000 is 1.5 per cent lower than 12 months ago, when it was $495,000 but the current levels are still above five years ago, by 3.5 per cent. The Bundaberg market experienced a surge of 16 per cent, however, with a fall last quarter of 8.9 per cent it s clear this market is still very volatile. Removing the outlier of Bundaberg, the strongest market was Cairns, which grew 3.9 per cent. The biggest June quarter fall in median unit prices was the Sunshine Coast, which contracted 5.0 per cent. The Gold Coast grew 1.6 per cent and Brisbane held steady with zero growth, zero fall. However, elsewhere in the state the unit market has stalled. In Gladstone and Rockhampton there were not enough sales in either market to report on any meaningful trends. All other markets contracted. RENTAL MARKET The vacancy rates throughout the southeast corner are healthy to tight, which is putting pressure on rents and gross rental yields good news for investors, but tougher news for renters. However, tenants are finding the economy good for getting into home ownership and local agents throughout parts of the southeast corner were reporting that tenants were breaking leases to take advantage of low interest rates and buy their own property. Three-bed houses on the Gold Coast were the most expensive in the state, commanding $460 in median weekly rent. This was closely followed by Noosa ($445 a week) and the Sunshine Coast ($430 a week) with Brisbane in fourth spot, bringing in $420 a week in median rent. As with the median sale price trends, regional cities north of the Sunshine Coast (except Cairns) experienced the highest vacancy rates Livingstone Shire (12.3 per cent), Gladstone (10.2 per cent), Burdekin (7.8 per cent), Mackay (7.7 per cent) and Rockhampton (6.5 per cent), were the five highest in Queensland. The five tightest markets in Queensland for the June quarter were Caloundra (1.0 per cent), Maroochy (1.0), Ipswich (1.1 per cent), Sunshine Coast (1.2 per cent) and Gold Coast (1.4 per cent). The median house price for Queensland was $455,000, representing a fractional increase of 0.28 per cent over last quarter. The more meaningful data is the annual median sale price, which was $453,00 0 for the June quarter, an increase of 2.95 per cent compared with 12 months ago and a solid per cent over five years ago. 4 QUEENSLAND MARKET MONITOR

5 STATE-WIDE SUMMARY QUEENSLAND HOUSE MARKETS June Qtr 2016 Gold Coast Sunshine Coast (SD) Brisbane (SD) RISING FALLING Cairns Fraser Coast Toowoomba STEADY STEADY Mackay Gladstone Rockhampton Townsville Bundaberg Sunshine Coast (SD) Gold Coast Cairns Toowoomba Brisbane (SD) QUEENSLAND UNITS MARKETS June Qtr 2016 STEADY RISING FALLING STEADY Mackay Rockhampton Townsville Fraser Coast Gladstone RECOVERING STABILISING RECOVERING STABILISING Bundaberg Source: REIQ Based on the previous 4 quarters median sale price change and the anual change Source: REIQ Based on the previous 4 quarters median sale price change and the anual change STATE-WIDE STATISTICS REGION PROPERTY TYPE NUMBER OF S QTRL NUMBER OF S 1YR 5YR NUMBER OF S (PREV YEAR) QUEENSLAND HOUSES $455, % $453, % 10.49% $410, QUEENSLAND HOUSES ^ 1749 $520, % 9400 $520, % 9.47% $475, QUEENSLAND UNITS 6025 $375, % $376, % 3.79% $362, QUEENSLAND LAND 1765 $215, % $219, % 17.43% $186, QUEENSLAND LAND ^ 362 $220, % 2303 $242, % 31.08% $185, Queensland House Market Queensland Unit Market $500, ,000 $390,000 55,000 $450, ,000 $370,000 50,000 90,000 $350,000 45,000 Median Sale Price $400,000 $350,000 80,000 Number of Sales $330,000 $310,000 40,000 35,000 Number of Sales 70,000 $290,000 30,000 $300,000 60,000 $270,000 25,000 $250,000 50,000 $250,000 Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 20,000 Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Median Sale Price Annual Median Sale Price Annual Number of Sales Annual Median Sale Price Annual Number of Sales $240,000 Queensland Land Market 40,000 $220,000 35,000 $200,000 30,000 $180,000 $160,000 25,000 Number of Sales $140,000 20,000 $120,000 15,000 $100,000 10,000 Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Median Sale Price Annual Median Sale Price Annual Number of Sales JUNE QUARTER

6 STATE-WIDE SUMMARY ADVERTISING OPPORTUNITIES AVAILABLE Get your brand seen by all real estate market observers. This space is seen by thousands of people who are watching the market closely, including financial institutions, real estate agents and associated organisations. Contact Jordan for more information: 6 QUEENSLAND MARKET MONITOR

7 STATE-WIDE SUMMARY BRISBANE COMPARISON TO CAPITAL CITIES Brisbane remains as one the most affordable cities in Australia over the June 2016 quarter for both houses and units, ranking as the third-most affordable capital city after Greater Hobart and Adelaide. The market indicators (days on market and vendor discount) for Brisbane are generally stronger compared to other capital cities such as Adelaide, Canberra, Perth and Darwin. HOUSE MARKET The Brisbane quarterly median sale price was $505,000 compared to $885,210 in Sydney, $612,000 in Melbourne, $611,000 in Canberra, $560,000 in Darwin and $525,000 in Perth. A similar trend and ranking was reported in the annual median sale price of the capital cities. Melbourne is reporting the largest number of annual listings of about 66,000 compared to Sydney's of 61,000 and Brisbane's 45,000. Brisbane market indicators are relatively strong compared with other capital cities. The median days on market are slightly more than one month, just behind Melbourne and Sydney. Canberra has the lowest vendor discounting at just 2.5 per cent. Melbourne and Sydney are next with a median vendor discount of 3.8 per cent and 4 per cent respectively. Brisbane is median vendor discounting is just slightly higher at 4.1 per cent. UNIT MARKET The Brisbane median sale price over the quarter was $395,000 compared to $680,500 in Sydney and $489,000 in Melbourne. Sydney has the largest number of unit listings at about 32,000, followed by Melbourne at 28,000 and Brisbane at 16,000. Median days on market and vendor discounting for units generally exceed the median days on market and median discounting for houses. Brisbane days on market and vendor discounting are sitting in the middle range across the capital cities at 47 days and 3.9 per cent, respectively. Brisbane remains as one the most affordable cities in Australia over the June 2016 quarter for both houses and units, ranking as the third-most affordable capital city after Greater Hobart and Adelaide. CAPITAL CITIES* CAPITAL CITIES COMPARISON S PRICE (QUARTER) NUMBER OF S (QUARTER) S PRICE NUMBER OF S HOUSES IN PRICE LISTINGS DAYS ON MARKET (DAYS) VENDOR DISCOUNT AVERAGE HOLD PERIOD (YEARS) S PRICE (QUARTER) UNITS ADELAIDE $440,000 5,370 $430,000 20, % 17, % 8.7 $350,000 1,834 $345,000 7, % 5, % 8.6 BRISBANE $505,000 7,966 $500,000 36, % 45, % 10.6 $395,000 2,930 $405,000 15, % 15, % 8.7 CANBERRA $611,000 1,080 $604,500 4, % 4, % 10.3 $405, $415,000 3, % 2, % 9.2 DARWIN $560, $570,000 1, % 1, % 7.9 $465, $458, % % 7.3 GREATER HOBART NUMBER OF S (QUARTER) S PRICE NUMBER OF S IN PRICE LISTINGS DAYS ON MARKET (DAYS) VENDOR DISCOUNT $365, $360,000 3, % 4, % 9.9 $285, $288,750 1, % 1, % 9.2 MELBOURNE $612,000 12,356 $605,000 59, % 66, % 11.8 $489,000 5,801 $485,000 27, % 27, % 9.7 PERTH $525,000 6,196 $530,000 24, % 34, % 9.4 $415,000 1,229 $420,000 5, % 8, % 9.0 SYDNEY $885,210 11,962 $890,000 51, % 60, % 11.6 $680,500 7,515 $678,000 32, % 31, % 8.5 * All figures for 12 months, ending 31 May 2016 AVERAGE HOLD PERIOD (YEARS) JUNE QUARTER

8 STATE-WIDE SUMMARY HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400) LGA/REGION PRICE PRICE PRICE QUEENSLAND QUEENSLAND $455, % $375, % $215, % GREATER BRISBANE BRISBANE SD $495, % $400, % $223, % BRISBANE $635, % $440, % $366, % IPSWICH $320, % $238, % $186, % LOGAN $376, % $240, % $189, % MORETON BAY $410, % $336, % $245, % REDLAND $490, % $381, % N/D N/D TOURISM CENTRES GOLD COAST $580, % $390, % $240, % SUNSHINE COAST SD $525, % $370, % $267, % SUNSHINE COAST $520, % $365, % $255, % NOOSA $610, % $467, % $350, % FRASER COAST $290, % $250, % $150, % CAIRNS $390, % $239, % $221, % REGIONAL CENTRES BUNDABERG $260, % $287, % $146, % GLADSTONE $331, % N/A N/A N/A N/A MACKAY $316, % $235, % N/A N/A ROCKHAMPTON $260, % N/A N/A N/A N/A TOOWOOMBA $343, % $301, % $174, % TOWNSVILLE $339, % $280, % $156, % N/A: Not available due to insufficient sales numbers N/D: Not displayed due to price movements potentially driven by type of stock transacting ON THE MARKET" LGA/REGION TOTAL LISTINGS HOUSES (ALL) STOCK ON MARKET DAYS ON MARKET VENDOR DISCOUNT TOTAL LISTINGS UNITS (ALL) STOCK ON MARKET DAYS ON MARKET VENDOR DISCOUNT QUEENSLAND QUEENSLAND 108, % % 40, % % GREATER BRISBANE BRISBANE SD 45, % % 15, % % BRISBANE 20, % % 10, % % IPSWICH 4, % % % % LOGAN 6, % % 1, % % MORETON BAY 9, % % 2, % % REDLAND 4, % % % % TOURISM CENTRES GOLD COAST 10, % % 11, % % SUNSHINE COAST SD 8, % % 4, % % SUNSHINE COAST 7, % % 3, % % NOOSA 1, % % 1, % % FRASER COAST 3, % % % % CAIRNS 3, % % 2, % % REGIONAL QLD BUNDABERG 2, % % % % GLADSTONE 1, % % % % MACKAY 2, % % % % ROCKHAMPTON 2, % % % % TOOWOOMBA 4, % % % % TOWNSVILLE 4, % % 1, % % "All figures are for the 12 months ending May-16 SD - Statistical Division: Brisbane SD (Brisbane, Ipswich, Logan, Moreton Bay & Redland); Sunshine Coast SD (Sunshine Coast & Noosa) 8 QUEENSLAND MARKET MONITOR

9 STATE-WIDE SUMMARY RENTAL TRENDS WEEKLY RENT GROSS RENTAL YIELDS LGA/REGION 3-BED HOUSE 2-BED FLAT 3-BED TOWNHOUSE HOUSES UNITS GREATER BRISBANE QUARTERLY TREND * change greater than $20 (rents) or 0.5 pts (yields) QUARTERLY TREND QUARTERLY TREND QUARTERLY TREND BRISBANE $420 DOWN $400 DOWN $420 DOWN 3.4% STEADY 4.7% STEADY IPSWICH $300 DOWN $265 UP $325 UP 4.9% STEADY 5.8% STEADY LOGAN $350 UP $270 STEADY $335 DOWN 4.8% STEADY 5.9% STEADY MORETON BAY $350 STEADY $285 STEADY $350 UP 4.4% STEADY 4.4% DOWN REDLAND $395 UP $340 DOWN $400 UP 4.2% STEADY 4.6% STEADY TOURISM CENTRES GOLD COAST $460 STEADY $395 STEADY $400 DOWN 4.1% STEADY 5.3% STEADY SUNSHINE COAST $430 STEADY $340 STEADY $410 STEADY 4.3% STEADY 4.8% STEADY NOOSA $445 DOWN $390 STEADY $500 DOWN* 3.8% DOWN* 4.3% STEADY FRASER COAST $290 STEADY $245 DOWN $320 UP 5.2% STEADY 5.1% STEADY CAIRNS $360 STEADY $285 DOWN $330 DOWN* 4.8% STEADY 6.2% DOWN* REGIONAL QLD BUNDABERG $280 STEADY $230 STEADY $285 STEADY 5.6% UP 4.2% DOWN* GLADSTONE $220 DOWN* $160 DOWN* $215 DOWN* 3.5% DOWN 3.3% STEADY MACKAY $280 DOWN $200 STEADY $290 DOWN 4.6% STEADY 4.4% DOWN ROCKHAMPTON $280 DOWN $200 DOWN* $340 STEADY 5.6% STEADY 4.3% STEADY TOOWOOMBA $300 STEADY $245 DOWN $340 UP 4.5% STEADY 4.2% STEADY TOWNSVILLE $300 DOWN $250 DOWN $300 DOWN* 4.6% STEADY 4.6% DOWN* QUARTERLY TREND FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE VACANCY RATES LGA/REGION JUN-16 TREND GREATER BRISBANE BRISBANE SD 2.5% STEADY BRISBANE 2.8% STEADY IPSWICH 1.1% DOWN LOGAN 2.8% UP MORETON BAY 1.7% DOWN REDLAND 2.3% UP TOURISM CENTRES GOLD COAST 1.4% STEADY SUNSHINE COAST SD 1.4% STEADY SUNSHINE COAST 1.2% STEADY NOOSA 2.4% UP FRASER COAST 4.1% UP CAIRNS 1.9% STEADY REGIONAL QLD BUNDABERG 6.3% UP GLADSTONE 10.2% DOWN MACKAY 7.7% DOWN ROCKHAMPTON 6.5% DOWN TOOWOOMBA 2.3% DOWN TOWNSVILLE 5.7% STEADY See page 54 for full vacancy rate data Subscribe to REIQ's research report & media releases: Keep up to date with the latest market information from the best source for real estate news in Queensland, the REIQ. Jordan Tindal to subscribe: jtindal@reiq.com.au. JUNE QUARTER

10 BRISBANE MARKET UPDATES GREATER BRISBANE The long lead up to the federal election reduced demand in the property market over the June quarter and Brisbane statistical division was not isolated from this event. Despite the negative impact, the residential property market, particularly the house market, in Outer Brisbane remained stable and confidence returned to the market after the election. The quarterly median sale price for houses in Brisbane SD increased by 1.2 per cent over the June quarter. However, Redland and Moreton Bay median sale price contracted, while Ipswich and Logan remained relatively unchanged. The unit median sale price in Brisbane SD remained at $400,000 over the quarter. However, over the past 12 months, the annual median sale price has reduced by 1.8 per cent, pulled down by median contractions in Redland, Logan and Ipswich. Outer Brisbane remains an affordable residential property market and also an attractive investment opportunity for interstate investors. Affordability and proximity to the third-largest capital city in Australia continues to attract buyer interest. Areas such as the masterplanned community at Rochedale estate in Logan and the Aveo retirement complex in Springfield (Ipswich) are bringing growth to Outer Brisbane. The Rochedale estate is currently in its fifth stage, with an expected total project investment of $380 million. Since release in 2011, Aveo Property Group has sold more than 600 residential lots. Similarly, the $1.7 billion Avecomplex in Springfield is well under way. Moreton Bay is now seeing an injection from the State Government through investment in the Bruce Highway upgrades and the Moreton Bay rail line upgrade. The Outer Brisbane residential property market performance remains positive for houses while the unit market may struggle in some areas. However, the outlook for the property market in Outer Brisbane is positive due to the scale of economic activity in the region. HOUSE MARKET Redland recorded the largest contraction in the median sale price of 2 per cent, followed by a 1.8 per cent fall in Moreton Bay. Ipswich and Logan median sale price remained relatively stable over the quarter. Logan and Moreton Bay recorded the largest annual median sale price increase of 4.2 per cent and 4 per cent, respectively. While Redland recorded the largest five-year increase in median sale price of 9 per cent. Local real estate agents noted an increase in enquiries for appraisals. However, the conversion from appraisals to listings is becoming very challenging. Another challenge in Outer Brisbane is the lack of quality stock in the property market and when quality stock is released, the property sells very quickly and with multiple offers. This is in line with the 12 months reduction to May 2016 in the median days on market and median vendor discount throughout all the Outer Brisbane areas. Over the past 12 months to May 2016, the number of listings has also contracted in Ipswich and Moreton Bay. Market trend statistics show a good performance in all areas in Outer Brisbane with days on market sitting well below two months and vendor discount sitting below 4.7 per cent. Buyers are primarily first home buyers and families looking to upgrade. The largest volume of sales in Logan, Moreton Bay and Redland is sitting between $350,000 and $500,000. Ipswich is the most affordable area in Greater Brisbane with the largest volume of sale being below $350,000. UNIT MARKET The unit market in Outer Brisbane continued contracting over the June quarter with Ipswich and Logan, showing a reduction in the median sale price. Moreton Bay median sale price recovered after two consecutive large drops in March and December quarters. Ipswich recorded the largest contraction in the quarter of 11.9 per cent, with the median sale price reducing from $270,000 to $238,000. The market activity, measured by the volume of sales, reduced across all areas in Outer Brisbane over the quarter and the past 12 months. The number of unit listings across Outer Brisbane, on the other hand, increased or remained unchanged on relative terms. These trends triggered an increase in the stock on market in Brisbane statistical division from 7.4 per cent in May 2015 to 8 per cent in May The unit market, in some instances, is experiencing longer days on market and higher vendor discount compared to the house market. However, the market trend indicators remain at acceptable levels with days on market fluctuating between 1.5 and 2.5 months and vendor discount generally fluctuating between 4 and 5 per cent throughout Greater Brisbane. Brisbane statistical division median sale price for units showed an increase of 4.8 per cent over a five-year period to June The increase was primarily driven by price increases in Brisbane, Moreton Bay, Redland and Ipswich. Logan was the only local government area in Outer Brisbane reporting a medium term drop in the vicinity of 11.3 per cent. 10 QUEENSLAND MARKET MONITOR

11 BRISBANE MARKET UPDATES RENTAL MARKET The rental market in Outer Brisbane is generally performing in the tight range with vacancy rates of 1.1 per cent in Ipswich, 1.7 per cent in Moreton Bay and 2.3 per cent in Redland. Logan vacancy rate is sitting at 2.8 per cent, which is considered to be operating in the healthy range. New homes in the rental market are performing well with the median weekly rent for three-bedroom houses in Logan and Moreton Bay increasing by $5 over the 12 months to June The median weekly rent for threebedroom houses in Redland and Ipswich remained unchanged over 12 months. The rental unit market is more competitive than the rental house market. However, median weekly rent for two-bedroom units and three-bedroom townhouses generally showed a small increase or remained unchanged. The gross rental yields for houses fluctuated between four and five per cent in June with Ipswich reporting the largest gross yields for houses of 4.9 per cent and Logan reporting the largest gross rental yield for units of 5.9 per cent. Brisbane Logan Moreton Bay Redland Ipswich GREATER BRISBANE HOUSE MARKET June Qtr 2016 STEADY RISING RECOVERING FALLING STABILISING STEADY Source: REIQ Based on the previous 4 quarters median sale price change and the annual change Moreton Bay Brisbane Ipswich GREATER BRISBANE UNITS MARKETS June Qtr 2016 STEADY RISING RECOVERING FALLING STABILISING STEADY Source: REIQ Based on the previous 4 quarters median sale price change and the annual change Logan Redland S MARKET - HOUSES SUBURB/LGA S BRISBANE (SD) 6397 $495, % $490, % 10.1% $445,000 BRISBANE (SD) ^ 532 $600, % $600, % 6.2% $565,000 IPSWICH (LGA) 632 $320, % $322, % 2.9% $313,000 IPSWICH (LGA) ^ 59 $550, % $505, % 0.0% $505,000 AUGUSTINE HEIGHTS 19 N/A N/A $512, % 6.1% $483,000 BELLBIRD PARK 15 N/A N/A $332, % 5.9% $314,000 BASIN POCKET 8 N/A N/A $244, % 10.0% $222,000 BOOVAL 14 N/A N/A $279, % 2.4% $272,500 BRASSALL 36 $334, % $327, % -1.2% $331,250 BUNDAMBA 17 N/A N/A $286, % 4.0% $275,000 CAMIRA 22 $380, % $365, % 8.0% $338,000 COALFALLS 6 N/A N/A $310, % -0.8% $312,500 COLLINGWOOD PARK 21 $313, % $318, % 1.0% $315,000 DEEBING HEIGHTS 5 N/A N/A $379, % -19.8% $472,500 EAST IPSWICH 7 N/A N/A $280, % 5.7% $265,000 EASTERN HEIGHTS 22 $297, % $275, % 0.0% $275,000 FLINDERS VIEW 24 $370, % $362, % 4.0% $348,000 GAILES 7 N/A N/A $255, % 2.8% $248,000 GOODNA 33 $315, % $305, % 6.1% $287,500 IPSWICH 9 N/A N/A $300, % 0.0% $300,000 KARALEE ^ 17 N/A N/A $551, % 4.4% $528,000 LEICHHARDT 19 N/A N/A $223, % -4.9% $235,000 NEWTOWN 7 N/A N/A $295, % -13.0% $339,000 NORTH BOOVAL 7 N/A N/A $270, % -1.8% $275,000 NORTH IPSWICH 26 $271, % $275, % 0.0% $275,000 ONE MILE 11 N/A N/A $235, % -0.8% $237,000 RACEVIEW 33 $312, % $310, % 3.3% $300,000 REDBANK 7 N/A N/A $308, % -0.6% $310,000 REDBANK PLAINS 74 $322, % $320, % 8.5% $295,000 RIPLEY 1 N/A N/A $341, % 3.1% $330,750 RIVERVIEW 15 N/A N/A $245, % 6.5% $230,000 ROSEWOOD 5 N/A N/A $249, % -11.1% $280,000 SADLIERS CROSSING 4 N/A N/A $339, % 17.9% $287,500 SILKSTONE 19 N/A N/A $289, % 12.6% $257,000 SPRINGFIELD 21 $410, % $405, % 11.3% $364,000 SPRINGFIELD LAKES 65 $427, % $419, % 7.3% $391,000 WOODEND 4 N/A N/A $285, % -16.2% $340,000 WULKURAKA 5 N/A N/A $312, % 0.6% $310,000 YAMANTO 12 N/A N/A $382, % 9.3% $350,000 LOGAN (LGA) 851 $376, % $370, % 4.2% $355,000 LOGAN (LGA) ^ 181 $552, % $550, % 10.0% $500,000 BEENLEIGH 24 $325, % $315, % -1.8% $320,762 BETHANIA 16 N/A N/A $320, % 6.7% $300,000 BORONIA HEIGHTS 23 $347, % $330, % 7.0% $308,500 BROWNS PLAINS 13 N/A N/A $326, % 7.4% $303,500 CEDAR GROVE ^ 5 N/A N/A $446, % 14.0% $391,250 CEDAR VALE ^ 18 N/A N/A $468, % 6.7% $439,000 CHAMBERS FLAT ^ 2 N/A N/A $587, % 33.5% $440,000 CORNUBIA ^ 6 N/A N/A $760, % 19.2% $637,500 CORNUBIA 16 N/A N/A $490, % 4.3% $469,750 CRESTMEAD 50 $325, % $319, % 3.9% $307,250 DAISY HILL 27 $483, % $462, % 5.7% $437,500 EAGLEBY 50 $302, % $290, % 4.0% $278,750 EDENS LANDING 22 $373, % $350, % -1.8% $356,250 FORESTDALE ^ 7 N/A N/A $745, % 15.5% $645,000 GREENBANK ^ 16 N/A N/A $560, % 10.2% $508,000 HERITAGE PARK 16 N/A N/A $428, % 12.6% $380,000 HILLCREST 23 $329, % $350, % 2.4% $342,250 HOLMVIEW 3 N/A N/A $355, % 10.1% $322,500 JIMBOOMBA 12 N/A N/A $389, % 1.0% $385,000 JIMBOOMBA ^ 29 $499, % $480, % 4.6% $458,750 KINGSTON 47 $310, % $305, % 11.4% $273,750 LOGAN CENTRAL 16 N/A N/A $312, % 17.7% $265,000 LOGAN RESERVE 10 N/A N/A $368, % 9.4% $337,000 LOGAN VILLAGE ^ 11 N/A N/A $521, % 15.1% $452,500 LOGANHOLME 20 $378, % $395, % 10.9% $356,250 LOGANLEA 23 $350, % $347, % 12.7% $308,250 JUNE QUARTER

12 BRISBANE MARKET UPDATES S MARKET - HOUSES (CONT D) S MARKET - HOUSES (CONT D) SUBURB S SUBURB S MARSDEN 47 $340, % $345, % 4.9% $328,750 MEADOWBROOK 10 N/A N/A $395, % 4.0% $380,000 MOUNT WARREN PARK 15 N/A N/A $371, % 3.6% $358,000 MUNRUBEN ^ 6 N/A N/A $526, % 5.6% $498,000 NEW BEITH ^ 12 N/A N/A $570, % 8.2% $527,000 REGENTS PARK 46 $425, % $380, % 3.8% $366,000 ROCHEDALE SOUTH 46 $478, % $477, % 17.9% $405,000 SHAILER PARK 47 $515, % $519, % 10.4% $470,000 SLACKS CREEK 50 $325, % $322, % 10.1% $292,500 SPRINGWOOD 32 $485, % $475, % 16.0% $410,000 TANAH MERAH 19 N/A N/A $402, % 3.1% $390,000 UNDERWOOD 15 N/A N/A $499, % 12.5% $444,000 WATERFORD 22 $397, % $413, % 6.1% $389,500 WATERFORD WEST 13 N/A N/A $347, % 12.1% $310,000 WINDAROO 9 N/A N/A $424, % 10.3% $385,000 WOODRIDGE 20 $282, % $300, % 14.3% $262,500 MORETON BAY (LGA) 1219 $410, % $415, % 7.2% $387,000 MORETON BAY (LGA) ^ 187 $590, % $605, % 4.3% $580,000 ALBANY CREEK 61 $580, % $565, % 13.6% $497,500 ARANA HILLS 18 N/A N/A $513, % 20.5% $426,000 BANKSIA BEACH 18 N/A N/A $530, % 9.6% $483,750 BEACHMERE 24 $312, % $317, % -11.2% $357,500 BELLARA 20 $330, % $325, % -1.2% $329,000 BELLMERE 16 N/A N/A $340, % -2.8% $349,950 BONGAREE 22 $390, % $399, % -3.0% $412,000 BRAY PARK 39 $400, % $392, % 10.4% $355,000 BUNYA ^ 2 N/A N/A $820, % -2.4% $840,000 BURPENGARY 29 $367, % $390, % 10.6% $352,500 BURPENGARY ^ 10 N/A N/A $550, % 3.8% $530,000 BURPENGARY EAST 4 N/A N/A $439, % -28.0% $609,750 BURPENGARY EAST ^ 11 N/A N/A $585, % 10.0% $532,500 CABOOLTURE 71 $318, % $317, % 5.7% $300,000 CABOOLTURE ^ 16 N/A N/A $517, % 10.2% $470,000 CABOOLTURE SOUTH 18 N/A N/A $279, % -3.0% $288,000 CASHMERE 8 N/A N/A $615, % 7.0% $575,000 CLONTARF 26 $385, % $411, % 16.5% $352,750 DAKABIN 5 N/A N/A $450, % 4.7% $430,000 DECEPTION BAY 70 $331, % $330, % 8.2% $305,000 EATONS HILL 24 $517, % $546, % 6.4% $513,250 ELIMBAH ^ 13 N/A N/A $511, % 8.8% $470,000 EVERTON HILLS 20 $535, % $525, % 11.9% $469,000 FERNY HILLS 26 $525, % $515, % 18.4% $435,000 GRIFFIN 18 N/A N/A $450, % 6.8% $421,180 JOYNER 10 N/A N/A $465, % -2.6% $477,500 KALLANGUR 95 $364, % $365, % 5.8% $345,000 KIPPA-RING 25 $410, % $400, % 15.6% $346,000 LAWNTON 18 N/A N/A $364, % 10.3% $330,000 MANGO HILL 17 N/A N/A $480, % 8.6% $442,000 MARGATE 28 $405, % $402, % 7.8% $373,500 MORAYFIELD 52 $340, % $338, % 6.1% $319,000 MORAYFIELD ^ 18 N/A N/A $555, % 4.8% $530,000 MURRUMBA DOWNS 29 $449, % $465, % 12.0% $415,000 NARANGBA 56 $426, % $440, % 6.9% $411,650 NARANGBA ^ 3 N/A N/A $700, % 29.9% $538,750 NEWPORT 10 N/A N/A $840, % 7.0% $785,000 NINGI 9 N/A N/A $372, % -5.6% $394,500 NINGI ^ 9 N/A N/A $520, % 11.8% $465,000 NORTH LAKES 84 $465, % $465, % 5.7% $440,000 PETRIE 21 $430, % $408, % 8.1% $377,500 REDCLIFFE 34 $423, % $408, % 9.8% $372,000 ROTHWELL 23 $388, % $400, % 5.3% $380,000 SAMFORD VALLEY ^ 6 N/A N/A $891, % 10.0% $810,000 SANDSTONE POINT 25 $390, % $395, % 3.8% $381,000 SCARBOROUGH 35 $497, % $481, % 12.5% $427,500 STRATHPINE 28 $382, % $368, % 7.0% $344,500 TOORBUL 3 N/A N/A $301, % -6.6% $322,500 UPPER CABOOLTURE 5 N/A N/A $347, % 5.6% $329,000 UPPER CABOOLTURE ^ 8 N/A N/A $545, % 7.5% $507,000 WAMURAN ^ 10 N/A N/A $565, % 5.4% $536,000 WARNER 36 $503, % $490, % 5.4% $465,000 WARNER ^ 1 N/A N/A $797, % 17.3% $680,000 WOODY POINT 19 N/A N/A $450, % 12.8% $399,000 REDLAND (LGA) 549 $490, % $492, % 9.0% $452,000 REDLAND (LGA) ^ 28 $915, % $880, % 12.8% $780,000 ALEXANDRA HILLS 56 $422, % $430, % 7.5% $400,000 BIRKDALE 53 $520, % $520, % 16.9% $445,000 CAPALABA 53 $447, % $445, % 10.8% $401,500 CAPALABA ^ 7 N/A N/A $865, % 10.9% $780,000 CLEVELAND 56 $552, % $580, % 16.0% $500,000 MACLEAY ISLAND 15 N/A N/A $223, % -11.9% $253,750 MOUNT COTTON 26 $504, % $487, % 4.4% $466,500 ORMISTON 20 $612, % $620, % 14.3% $542,500 REDLAND BAY 60 $490, % $525, % 9.5% $480,000 RUSSELL ISLAND 29 $204, % $185, % -13.3% $213,500 THORNESIDE 5 N/A N/A $512, % 13.6% $451,000 THORNLANDS 57 $600, % $550, % 5.8% $520,000 THORNLANDS ^ 6 N/A N/A $1,015, % 18.7% $855,000 VICTORIA POINT 59 $482, % $512, % 7.7% $475,500 WELLINGTON POINT 44 $600, % $567, % 5.5% $538,000 SURROUNDS LOCKYER VALLEY (LGA) 41 $226, % $250, % -6.5% $267,500 LOCKYER VALLEY (LGA) ^ 64 $335, % $350, % 2.2% $342,500 GATTON 23 $240, % $256, % -10.2% $285,000 KENSINGTON GROVE ^ 10 N/A N/A $385, % 12.4% $342,500 LAIDLEY 14 N/A N/A $235, % -6.0% $250,000 LAIDLEY HEIGHTS ^ 4 N/A N/A $287, % -12.1% $327,000 REGENCY DOWNS ^ 6 N/A N/A $312, % -2.6% $321,000 SCENIC RIM (LGA) 80 $370, % $363, % -3.4% $376,250 SCENIC RIM (LGA) ^ 77 $480, % $485, % 6.2% $456,500 BEAUDESERT 18 N/A N/A $317, % -0.8% $320,000 BOONAH 8 N/A N/A $270, % 1.9% $265,000 KOORALBYN ^ 10 N/A N/A $341, % 9.1% $312,500 TAMBORINE ^ 18 N/A N/A $547, % 0.9% $542,450 TAMBORINE MOUNTAIN 36 $469, % $470, % 2.7% $457,500 TAMBORINE MOUNTAIN ^ 7 N/A N/A $797, % 21.8% $655,000 SOMERSET (LGA) 43 $229, % $238, % -11.0% $267,500 SOMERSET (LGA) ^ 50 $333, % $360, % 1.1% $356,000 FERNVALE 7 N/A N/A $335, % -2.9% $345,000 KILCOY 12 N/A N/A $215, % -20.4% $270,000 LOWOOD 7 N/A N/A $237, % -6.9% $255, QUEENSLAND MARKET MONITOR

13 BRISBANE MARKET UPDATES S MARKET - UNITS & TOWNHOUSES S MARKET - VACANT LAND SUBURB S SUBURB S BRISBANE (SD) 2444 $400, % $402, % 4.8% $384,000 IPSWICH (LGA) 82 $238, % $300, % 3.4% $290,000 BRASSALL 9 N/A N/A $263, % -12.3% $300,000 BROOKWATER 12 N/A N/A $495, % 39.4% $355,000 BUNDAMBA 5 N/A N/A $306, % 47.9% $207,500 GOODNA 5 N/A N/A $310, % 25.5% $247,000 REDBANK PLAINS 12 N/A N/A $245, % -23.0% $318,000 SPRINGFIELD LAKES 1 N/A N/A $385, % 88.2% $205,000 LOGAN (LGA) 231 $240, % $248, % -11.3% $280,000 BEENLEIGH 25 $215, % $210, % -8.7% $230,000 BORONIA HEIGHTS 8 N/A N/A $255, % 16.2% $219,500 DAISY HILL 3 N/A N/A $367, % 16.7% $315,000 EAGLEBY 16 N/A N/A $230, % -25.8% $310,000 EDENS LANDING 3 N/A N/A $218, % -12.8% $250,000 HILLCREST 7 N/A N/A $229, % -27.5% $316,000 KINGSTON 5 N/A N/A $275, % -18.5% $337,500 LOGAN CENTRAL 6 N/A N/A $190, % -15.6% $225,000 MARSDEN 3 N/A N/A $326, % 0.9% $323,000 MEADOWBROOK 4 N/A N/A $259, % 4.9% $247,000 MOUNT WARREN PARK 11 N/A N/A $215, % 0.5% $214,000 ROCHEDALE SOUTH 6 N/A N/A $294, % 6.1% $277,111 SHAILER PARK 5 N/A N/A $272, % -12.0% $309,000 SLACKS CREEK 21 $205, % $218, % -5.7% $231,500 SPRINGWOOD 13 N/A N/A $269, % 0.0% $269,000 UNDERWOOD 4 N/A N/A $387, % 0.7% $384,500 WATERFORD WEST 7 N/A N/A $212, % -5.3% $223,750 WOODRIDGE 34 $208, % $199, % -0.2% $200,000 MORETON BAY (LGA) 326 $336, % $347, % 3.9% $335,000 ALBANY CREEK 9 N/A N/A $427, % 14.0% $375,000 BELLARA 10 N/A N/A $287, % 160.9% $110,000 BONGAREE 18 N/A N/A $295, % -3.3% $305,000 BRENDALE 23 $250, % $265, % -0.8% $267,250 BURPENGARY 9 N/A N/A $260, % -17.5% $315,000 CABOOLTURE 19 N/A N/A $202, % -21.1% $256,750 CLONTARF 13 N/A N/A $335, % 2.8% $326,000 DECEPTION BAY 12 N/A N/A $240, % -31.2% $349,000 KALLANGUR 15 N/A N/A $305, % -2.9% $315,000 KIPPA-RING 11 N/A N/A $281, % -16.5% $337,000 LAWNTON 6 N/A N/A $240, % -12.6% $274,450 MANGO HILL 7 N/A N/A $360, % -4.0% $375,000 MARGATE 7 N/A N/A $378, % 5.9% $357,000 MORAYFIELD 12 N/A N/A $228, % -28.8% $320,000 MURRUMBA DOWNS 11 N/A N/A $330, % -4.8% $347,000 NORTH LAKES 17 N/A N/A $372, % 5.1% $353,900 PETRIE 2 N/A N/A $329, % -6.9% $353,500 REDCLIFFE 28 $363, % $360, % -13.3% $415,000 SCARBOROUGH 22 $482, % $475, % 20.6% $394,000 STRATHPINE 10 N/A N/A $272, % -6.1% $290,000 WOODY POINT 13 N/A N/A $410, % 26.8% $323,250 WOORIM 5 N/A N/A $320, % -15.8% $380,000 REDLAND (LGA) 93 $381, % $385, % 8.5% $355,000 BIRKDALE 6 N/A N/A $405, % 23.9% $327,000 CAPALABA 13 N/A N/A $352, % 16.7% $301,750 CLEVELAND 21 $435, % $390, % -2.5% $400,000 ORMISTON 17 N/A N/A $389, % 4.6% $372,000 THORNESIDE 8 N/A N/A $318, % 7.8% $295,000 THORNLANDS 0 N/A N/A $395, % -12.2% $450,000 VICTORIA POINT 6 N/A N/A $360, % 10.3% $326,250 WELLINGTON POINT 9 N/A N/A $443, % 30.6% $340,000 BRISBANE (SD) 967 $223, % $226, % 10.7% $205,000 BRISBANE (SD) ^ 80 $286, % $280, % -1.0% $282,700 IPSWICH (LGA) 147 $186, % $184, % 2.6% $180,000 IPSWICH (LGA) ^ 10 N/A N/A $250, % 0.0% $250,000 BELLBIRD PARK 13 N/A N/A $222, % -7.1% $240,000 BRASSALL 14 N/A N/A $179, % 0.8% $178,125 DEEBING HEIGHTS 17 N/A N/A $182, % -12.5% $208,500 KARALEE ^ 5 N/A N/A $280, % 7.7% $260,000 LEICHHARDT 7 N/A N/A $152, % -14.1% $177,475 REDBANK PLAINS 38 $159, % $161, % -7.7% $175,000 SPRINGFIELD LAKES 12 N/A N/A $215, % 17.5% $183,000 LOGAN (LGA) 188 $189, % $189, % -9.3% $209,000 LOGAN (LGA) ^ 40 $300, % $279, % 9.4% $255,000 BUCCAN ^ 12 N/A N/A $300, % -9.1% $330,000 CORNUBIA 3 N/A N/A $365, % 65.9% $220,000 CRESTMEAD 0 N/A N/A $199, % -2.9% $205,000 HOLMVIEW 4 N/A N/A $213, % -0.6% $214,900 JIMBOOMBA 8 N/A N/A $166, % -9.6% $184,125 JIMBOOMBA ^ 4 N/A N/A $269, % 22.3% $220,000 LOGAN VILLAGE 1 N/A N/A $256, % 4.5% $245,000 LOGANLEA 1 N/A N/A $215, % -4.4% $225,000 MARSDEN 3 N/A N/A $216, % 9.1% $198,000 NEW BEITH ^ 5 N/A N/A $289, % 10.7% $261,000 WATERFORD 1 N/A N/A $198, % 2.6% $193,500 YARRABILBA 118 $174, % $175, % N/A N/A MORETON BAY (LGA) 214 $245, % $245, % 21.3% $202,000 MORETON BAY (LGA) ^ 23 $275, % $275, % -19.1% $340,000 BANKSIA BEACH 4 N/A N/A $365, % -15.1% $430,000 CABOOLTURE 13 N/A N/A $187, % -2.6% $191,900 CABOOLTURE ^ 10 N/A N/A $270, % -1.8% $275,000 DAKABIN 5 N/A N/A $230, % 10.6% $208,000 GRIFFIN 29 $255, % $250, % 19.6% $209,000 KALLANGUR 2 N/A N/A $229, % 9.1% $209,858 MANGO HILL 57 $265, % $266, % 2.3% $260,000 MORAYFIELD 4 N/A N/A $177, % -9.2% $195,000 NARANGBA 21 $220, % $215, % 0.2% $214,500 NORTH LAKES 10 N/A N/A $291, % 42.0% $205,000 WARNER 5 N/A N/A $259, % 12.8% $230,000 REDLAND (LGA) 200 N/D N/D $60, % -74.9% $239,000 BIRKDALE 1 N/A N/A $317, % 5.0% $302,500 MACLEAY ISLAND 23 $35, % $30, % -41.7% $51,500 MOUNT COTTON 3 N/A N/A $263, % -0.9% $265,500 REDLAND BAY 10 N/A N/A $295, % 0.0% $295,000 RUSSELL ISLAND 115 $20, % $19, % -39.5% $32,250 THORNLANDS 26 $326, % $320, % 12.5% $285,000 WELLINGTON POINT 1 N/A N/A $400, % 21.2% $330,000 SURROUNDS LOCKYER VALLEY (LGA) 11 N/A N/A $125, % -3.1% $129,000 LOCKYER VALLEY (LGA) ^ 29 $140, % $141, % 2.0% $139,000 KENSINGTON GROVE ^ 4 N/A N/A $153, % 6.9% $144,000 SCENIC RIM (LGA) 11 N/A N/A $182, % -0.8% $184,099 SCENIC RIM (LGA) ^ 14 N/A N/A $187, % 2.2% $183,500 GLENEAGLE 3 N/A N/A $182, % 3.0% $177,500 SOMERSET (LGA) 6 N/A N/A $139, % 5.6% $132,000 FERNVALE 1 N/A N/A $152, % 5.2% $144,500 JUNE QUARTER

14 BRISBANE MARKET UPDATES RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS IPSWICH CITY $ $ GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD $ $ REDBANK/ REDBANK PLNS/ COLLINGWOOD PK $ $ DINMORE/ RIVERVIEW $ $ BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE $ $ IPSWICH/ BRASSALL/ BREMER/ 4305 CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ $ $ RACEVIEW/ TIVOLI/ YAMANTO 4306 AMBERLEY/ FERNVALE/ KARANA DOWNS/ MT CROSBY/ PEAK CROSSING/ $ $ SWANBANK/ WILLOWBANK 4340 ROSEWOOD/ ASHWELL/ CALVERT/ EBENEZER/ GRANDCHESTER/ MOORANG/ $ $ MT FORBES/ ROSEVALE LOGAN CITY $ $ KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE $ $ BROWNS PLAINS/BROWNSLEIGH/ 4118 FORESTDALE/ HERITAGE PK/ HILLCREST/ $ $ REGENTS PK 4119 UNDERWOOD $ $ PRIESTS GULLY/ ROCHEDALE $ $ BORONIA HTS/ GREENBANK/ NEW BEITH $ $ MUNRUBEN/ PARK RIDGE $450 7 $ CHATSWOOD HILLS/ DAISY HILL/ $355 PREISTDALE/ SLACKS CK/ SPRINGWOOD 83 $ KIMBERLEY PK/ LOGAN HYPERDOME/ SHAILER PK/ TANAH MERAH $ $ LOGANDALE/ LOGANHOLME $ $ CARBROOK/ CORNUBIA $ $ LOGANLEA/ MEADOWBROOK $ $ CRESTMEAD/ MARSDEN $ $ CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD $ $ BETHANIA $ $ BEENLEIGH/EAGLBY/MT WARREN PK $ $ MORETON BAY REGIONAL $ $ REDCLIFFE REGION $ $ CLONTARF/ HUMPYBONG/ MARGATE/ SCOTTS PT/ WOODY PT $ $ REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH $ $ KIPPA-RING $ $ ROTHWELL $ $ PINE RIVERS REGION $ $ ALBANY CK/ BRIDGEMAN DOWNS/ CASHS CROSSING $ $ BUNYA/ FERNY GROVE/ FERNY HILLS/ KEDRON UPPER $ $ BRAY PK/ BRENDALE/ CASHMERE/ CLEAR $360 MOUNTAIN/ JOYNER/ STRATHPINE/ WARNER 77 $ LAWNTON $ $ FRENCHS FOREST/ PETRIE $ $ DAKABIN/ DOHLES ROCKS/ GRIFFIN/ KALLANGUR/ KURWONGBAH $ $ MANGO HILL $ $ CAMP MOUNTAIN/ CEDAR CK/ MT GLORIOUS/ MT NEBO/ MT SAMSON/ $ $475 5 SAMFORD/ YUGAR 4521 DAYBORO/ MT MEE/ MT PLEASANT/ OCEAN VIEW/ RUSH CK $355 8 $380 8 CABOOLTURE REGION $ $ NARANGBA $ $ BURPENGARY $ $ MORAYFIELD/ MOORINA $ $ BANKSIA BEACH/ BELLARA/ BONGAREE/ $360 BRIBIE IS/ WOORIM 43 $ DECEPTION BAY $ $ CABOOLTURE/ BEACHMERE/ DONNYBROOK/ BALINGOOL/ BELLMERE/ MELEDALE/ MOODLU/ ROCKSBERG/ TOORBUL $ $ GODWIN BEACH/ NINGI/ SANDSTONE PT/ $340 TOORBUL PT 14 $340 8 RENTAL MARKET - 3 BED HOUSES (CONT D) POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS 4514 WOODFORD/ BELLTHORPE/ BRACALBA/ CEDARTON/ D'AGUILAR/ DELANEYS CK/ NEURUM/ STANMORE/ STONEY CK/ $ $ VILLENEUVE REDLAND CITY $ $ CAPALABA/ SHELDON $ $ THORNSIDE $ $ BIRKDALE/ AQUATIC PARADISE/ MERIDIAN PT $ $ ORMISTON/ WELLINGTON PT/ EROBIN $ $ ALEXANDRA HILLS/ BURWOOD HTS $ $ CLEVELAND/ RABY BAY $ $ THORNLANDS/ PINKLANDS $ $ MT COTTON/ PT HALLORAN/ PT $395 TALBURPIN/ REDLAND BAY/ VICTORIA PT 52 $ COOCHIEMUDLO IS/ KARRAGARRA IS/ LAMB $250 IS/ MACLEAY IS/ PEEL IS/ RUSSELL IS 58 $ LOCKYER VALLEY REGIONAL $ $ BLENHEIM $ $ CROWLEY VALE $ $ ADARE $ $ SOMERSET REGIONAL $ $ ATKINSONS DAM $ $ BRYDEN $ $ GLENFERN $ $ ,410 1,408 1,082 BRISBANE SURROUNDS HOUSE S 1,946 1,965 1,391 1, <$350K $350K+ $500k+ $1M+ Houses<2,400m , BRISBANE SURROUNDS UNIT S BRISBANE SURROUNDS LAND S <$250k $250K+ $350K+ $500k+ $1M <$250k $250K+ $350K+ $500k QUEENSLAND MARKET MONITOR

15 BRISBANE MARKET UPDATES RENTAL MARKET - 2 BED UNITS POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS IPSWICH CITY $ $ GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD $ $ REDBANK/ REDBANK PLNS/ COLLINGWOOD PK $ $ BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE $ $ IPSWICH/ BRASSALL/ BREMER/ CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ RACEVIEW/ TIVOLI/ YAMANTO ETC $ $ AMBERLEY/ FERNVALE/ KARANA 4306 DOWNS/ MT CROSBY/ PEAK CROSSING/ $ $270 9 SWANBANK/ WILLOWBANK ETC LOGAN CITY $ $ KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE $ $ PRIESTS GULLY/ ROCHEDALE $ N.A CHATSWOOD HILLS/ DAISY HILL/ $280 PREISTDALE/ SLACKS CK/ SPRINGWOOD 21 $ KIMBERLEY PK/ LOGAN HYPERDOME/ SHAILER PK/ TANAH MERAH $300 5 $ LOGANLEA/ MEADOWBROOK $250 6 N.A CRESTMEAD/ MARSDEN $ $ CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD $265 8 $ BEENLEIGH/EAGLBY/MT WARREN PK $ $ MORETON BAY REGIONAL $ $ REDCLIFFE REGION $ $ CLONTARF/ HUMPYBONG/ MARGATE/ SCOTTS PT/ WOODY PT $ $ REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH $ $ PINE RIVERS REGION $ $ BRAY PK/ BRENDALE/ CASHMERE/ CLEAR MOUNTAIN/ JOYNER/ $ $ STRATHPINE/ WARNER 4501 LAWNTON $ $ DAKABIN/ DOHLES ROCKS/ GRIFFIN/ KALLANGUR/ KURWONGBAH $ $ MANGO HILL $ $ CABOOLTURE REGION $ $ BURPENGARY $270 7 $ MORAYFIELD/ MOORINA $ $ BANKSIA BEACH/ BELLARA/ BONGAREE/ $280 BRIBIE IS/ WOORIM 52 $ DECEPTION BAY $ $ CABOOLTURE/ BEACHMERE/ DONNYBROOK/ BALINGOOL/ BELLMERE/ MELEDALE/ $ $ MOODLU/ ROCKSBERG/ TOORBUL REDLAND CITY $ $ CAPALABA/ SHELDON $320 7 $ ORMISTON/ WELLINGTON PT/ EROBIN $350 6 $ CLEVELAND/ RABY BAY $ $ LOCKYER VALLEY REGIONAL $ $ ADARE $ $ RENTAL MARKET - 3 BED TOWNHOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS IPSWICH CITY $ $ GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD $ $ REDBANK/ REDBANK PLNS/ COLLINGWOOD PK $ $ BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE $ $ IPSWICH/ BRASSALL/ BREMER/ 4305 CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ RACEVIEW/ TIVOLI/ $ $ YAMANTO LOGAN CITY $ $ KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE $ $ BROWNS PLAINS/BROWNSLEIGH/ 4118 FORESTDALE/ HERITAGE PK/ HILLCREST/ $ $ REGENTS PK 4119 UNDERWOOD $ $ PRIESTS GULLY/ ROCHEDALE $330 6 $ BORONIA HTS/ GREENBANK/ NEW BEITH $345 5 $ CHATSWOOD HILLS/ DAISY HILL/ $325 PREISTDALE/ SLACKS CK/ SPRINGWOOD 36 $ KIMBERLEY PK/ LOGAN HYPERDOME/ SHAILER PK/ TANAH MERAH $330 7 $ LOGANLEA/ MEADOWBROOK $ $ CRESTMEAD/ MARSDEN $ $ CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD $ $ BETHANIA $ $ BEENLEIGH/EAGLBY/MT WARREN PK $ $ MORETON BAY REGIONAL $ $ CABOOLTURE REGION $ $ NARANGBA $350 7 $ BURPENGARY $ $ MORAYFIELD/ MOORINA $ $ BANKSIA BEACH/ BELLARA/ BONGAREE/ $300 BRIBIE IS/ WOORIM 5 $ DECEPTION BAY $ $ CABOOLTURE/ BEACHMERE/ 4510 DONNYBROOK/ BALINGOOL/ BELLMERE/ $300 MELEDALE/ MOODLU/ ROCKSBERG/ 17 $ TOORBUL 4511 GODWIN BEACH/ NINGI/ SANDSTONE PT/ $350 TOORBUL PT 14 N.A. 2 PINE RIVERS REGION $ $ ALBANY CK/ BRIDGEMAN DOWNS/ CASHS CROSSING $ $385 9 BRAY PK/ BRENDALE/ CASHMERE/ 4500 CLEAR MOUNTAIN/ JOYNER/ $ $ STRATHPINE/ WARNER 4501 LAWNTON $ $ FRENCHS FOREST/ PETRIE $ $ DAKABIN/ DOHLES ROCKS/ GRIFFIN/ KALLANGUR/ KURWONGBAH $ $ MANGO HILL $ $ REDCLIFFE REGION $ $ CLONTARF/ HUMPYBONG/ MARGATE/ SCOTTS PT/ WOODY PT $420 5 $ REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH $ $ KIPPA-RING $ $ REDLAND CITY $ $ CAPALABA/ SHELDON $ $ THORNSIDE $ $ ORMISTON/ WELLINGTON PT/ EROBIN $ $ CLEVELAND/ RABY BAY $ $ THORNLANDS/ PINKLANDS $ $ MT COTTON/ PT HALLORAN/ PT $395 TALBURPIN/ REDLAND BAY/ VICTORIA PT 16 $ JUNE QUARTER

16 BRISBANE MARKET UPDATES BRISBANE LGA The housing market regained ground over the June quarter, with the data showing an increase in the median sale price and reaching $635,000 in June compared to $627,000 in the March quarter. The unit market slipped just slightly over the quarter but remained stable over the year. The residential property market prospects, primarily for houses in Brisbane, are positive considering its affordability compared with Sydney and Melbourne. Brisbane is also increasingly attracting interest from interstate and international investors. Affordability is expected to drive migration to Brisbane. Due to population growth, Brisbane is transforming into a denser city with large blocks of land being targeted by developers for houses, townhouses or units on subdivided lots. About $2 billion of infrastructure projects and improvements are included in the State Government budget for financial year 2017 and it is estimated it will create about 5,500 jobs in Brisbane. The Brisbane Cross River Rail is the highest priority for the State Government at present with an initial allocation of $50 million funding towards early planning and approvals. The Gateway Motorway North upgrade is another key project in Brisbane and is expected to inject $250 million to the economy this financial year with a total project investment of $1.1 billion to widen the motorway to six lanes between Nudgee and Bracken Ridge. The $1.1 billion Herston Quarter 10-year project, adjacent to the Royal Brisbane and Women s Hospital, will develop a mixed-use precinct for health, residential, commercial and recreational activity. The project is expected to support more than 700 full-time equivalent jobs during the construction phase and more than 1000 jobs. The delivery of the project has been granted to Unity Health. With significant infrastructure projects on the horizon, Brisbane is modernising with public transport improvements and state-of-the-art health facilities. This outlook supports a stable to sound residential property market in Brisbane over the medium term. HOUSE MARKET The median sale price in Brisbane increased by 1.3 per cent over the June quarter. The best performers over the quarter were Clayfield, East Brisbane, Sinnamon Park, Kuraby, Holland Park and Hawthorne. On an annual basis, the median sale price increased by 5 per cent, reaching $630,000 in June Apart from Robertson, the best performers for the 12 months to June were more affordable suburbs like Darra, Yeerongpilly, Sandgate, Wilston and Banyo. These suburbs generally remained affordable and provided quality living for residents. With a median sale price in the $600,000s, the busiest price point over the quarter remained between the $500,000 to $1 million. Transactions within this price range slipped from 2,804 in December 2015 to 2,435 in March Preliminary data indicates another potential slip in the number of sales with $500,000 - $1 million transactions of 1,981 in June While the volume of sales trend appears to be heading downwards, demand remains stable and is even strengthening in some suburbs. Stock on market remains as the smallest in Queensland at about 6.6 per cent in May Median days on market and median vendor discount showed a slight improvement over the 12 months period to May Days on market now are a few days below one month and vendor discount is 4.1 per cent approaching the median vendor discount in Sydney and Melbourne. UNIT MARKET Brisbane s medium-to-high density market slipped for a third consecutive quarter with a small drop in the median sale price over the quarter of 0.2 per cent. On an annual basis, the median sale price remained relatively stable at about $441,000. The busiest price bracket for apartments and units is $350,000 to $500,000 with Brisbane City, New Farm, Coorparoo, Nundah and Kangaroo Point showing the largest number of sales over the June quarter. Number of listings increased from 9,530 in May 2015 to 10,614 in May 2016 while stock on market also reported a jump from 6.6 per cent in May 2015 to 7.3 per cent in May This demonstrates the recent increase in supply, which may be starting to slightly exceed demand. However, the recent data does not yet show any large impact on the median sale price. Median days on market and median vendor discount for units remain at healthy levels of 41 days and 3.8 per cent in May RENTAL MARKET The rental market in Brisbane is operating generally in a healthy environment with vacancy rates of 3.4 per cent in Inner Brisbane and 2.3 per cent in the middle ring for the June 2016 quarter. Units tend to take longer than houses to find a tenant and vacancy rates for Inner Brisbane units reached 3.7 per cent in June compared to the vacancy rates of middle ring units of 2.7 per cent. The median weekly rent of three-bedroom houses and two-bedroom units remained stable over the past 12 months. The median weekly rent of three-bedroom townhouses, on the other hand, increased by $10 from $410 in June 2015 to $420 in June 2016 in line with the increase in the number of new bonds by about 6 per cent. Investors are now more conscious that the return on investment will be generated primarily from capital gains. The gross rental yield for houses of 3.4 per cent is the lowest one across the state. Units are returning a gross rental yield of about 4.7 per cent; however the net yield could reduce significantly when body corporate fees and other operating expenses are included. 16 QUEENSLAND MARKET MONITOR

17 BRISBANE MARKET UPDATES S MARKET - HOUSES S MARKET - HOUSES (CONT D) SUBURB/LGA S SUBURB/LGA S BRISBANE (LGA) 3146 $635, % $630, % 20.0% $525,000 BRISBANE (LGA) ^ 77 $1,042, % $972, % 3.5% $940,000 ACACIA RIDGE 31 $363, % $377, % 17.3% $321,500 ALBION 5 N/A N/A $695, % 15.8% $600,000 ALDERLEY 20 $722, % $730, % 15.2% $633,750 ALGESTER 30 $490, % $492, % 21.5% $405,000 ANNERLEY 25 $712, % $695, % 20.7% $576,000 ASCOT 14 N/A N/A $1,210, % 12.0% $1,080,000 ASHGROVE 38 $873, % $825, % 21.3% $680,000 ASPLEY 26 $589, % $567, % 23.4% $460,000 AUCHENFLOWER 21 $877, % $883, % 9.5% $807,000 BALD HILLS 30 $421, % $415, % 12.2% $370,000 BALMORAL 13 N/A N/A $960, % 26.7% $757,500 BANYO 19 N/A N/A $520, % 30.0% $400,000 BARDON 29 $960, % $875, % 22.4% $715,000 BELLBOWRIE 14 N/A N/A $514, % 8.2% $475,000 BELMONT 13 N/A N/A $625, % 8.9% $573,750 BOONDALL 24 $507, % $463, % 11.7% $415,000 BRACKEN RIDGE 43 $470, % $463, % 16.0% $399,588 BRIDGEMAN DOWNS 23 $758, % $750, % 7.9% $695,000 BRIGHTON 48 $490, % $469, % 18.4% $396,000 BROOKFIELD ^ 2 N/A N/A $1,370, % 26.3% $1,085,000 BULIMBA 34 $1,100, % $1,180, % 25.5% $940,000 CALAMVALE 43 $631, % $636, % 27.2% $500,000 CAMP HILL 47 $825, % $787, % 24.9% $630,000 CANNON HILL 19 N/A N/A $720, % 29.7% $555,000 CARINA 23 $645, % $630, % 27.7% $493,250 CARINA HEIGHTS 17 N/A N/A $680, % 40.2% $485,000 CARINDALE 42 $813, % $832, % 20.0% $693,750 CARSELDINE 22 $613, % $600, % 16.5% $515,000 CHAPEL HILL 41 $730, % $735, % 12.6% $653,000 CHELMER 11 N/A N/A $1,025, % 20.6% $850,000 CHERMSIDE 20 $567, % $561, % 29.5% $433,250 CHERMSIDE WEST 16 N/A N/A $535, % 16.3% $460,000 CLAYFIELD 24 $1,200, % $1,075, % 19.4% $900,000 COOPERS PLAINS 12 N/A N/A $525, % 18.2% $444,000 COORPAROO 46 $830, % $840, % 26.1% $666,250 CORINDA 11 N/A N/A $645, % 8.4% $595,000 DARRA 9 N/A N/A $440, % 25.6% $350,250 DEAGON 15 N/A N/A $429, % 8.7% $395,000 DOOLANDELLA 14 N/A N/A $427, % 0.5% $425,000 DREWVALE 17 N/A N/A $535, % 8.4% $493,500 DURACK 15 N/A N/A $390, % 9.9% $355,000 EAST BRISBANE 29 $984, % $813, % 25.6% $647,500 EIGHT MILE PLAINS 34 $710, % $730, % 24.8% $585,000 ENOGGERA 14 N/A N/A $645, % 16.3% $555,000 EVERTON PARK 28 $622, % $580, % 20.8% $480,000 FAIRFIELD 11 N/A N/A $672, % 12.0% $600,000 FERNY GROVE 24 $538, % $538, % 11.3% $483,500 FIG TREE POCKET 14 N/A N/A $881, % 6.2% $830,000 FITZGIBBON 16 N/A N/A $435, % 6.1% $410,000 FOREST LAKE 99 $423, % $428, % 11.0% $385,500 GAYTHORNE 5 N/A N/A $607, % 28.6% $472,500 GEEBUNG 13 N/A N/A $500, % 20.3% $415,500 GORDON PARK 18 N/A N/A $720, % 21.1% $594,500 GRACEVILLE 10 N/A N/A $810, % 23.4% $656,500 GRANGE 11 N/A N/A $890, % 39.8% $636,500 GREENSLOPES 13 N/A N/A $740, % 31.2% $564,000 HAMILTON 14 N/A N/A $1,040, % -2.3% $1,065,000 HAWTHORNE 30 $1,180, % $1,060, % 42.7% $742,750 HEATHWOOD 13 N/A N/A $576, % 4.7% $550,500 HEMMANT 9 N/A N/A $464, % 13.3% $410,000 HENDRA 29 $980, % $950, % 13.6% $836,000 HIGHGATE HILL 11 N/A N/A $1,020, % 32.9% $767,500 HOLLAND PARK 26 $758, % $675, % 29.1% $522,750 HOLLAND PARK WEST 22 $728, % $685, % 22.9% $557,500 INALA 46 $350, % $348, % 18.0% $295,000 INDOOROOPILLY 23 $899, % $850, % 20.1% $707,500 JAMBOREE HEIGHTS 9 N/A N/A $457, % 11.7% $409,500 JINDALEE 23 $560, % $550, % 12.8% $487,500 KALINGA 4 N/A N/A $917, % 1.4% $905,000 KANGAROO POINT 7 N/A N/A $890, % 7.9% $825,000 KARANA DOWNS 9 N/A N/A $425, % 9.7% $387,500 KARANA DOWNS ^ 5 N/A N/A $526, % 10.1% $478,000 KEDRON 26 $700, % $630, % 15.4% $546,000 KELVIN GROVE 9 N/A N/A $727, % 13.8% $639,500 KENMORE 37 $685, % $635, % 18.6% $535,500 KENMORE HILLS 3 N/A N/A $785, % 16.3% $675,000 KEPERRA 15 N/A N/A $485, % 10.2% $440,000 KURABY 21 $720, % $625, % 16.8% $535,000 LOTA 10 N/A N/A $625, % 41.2% $442,500 LUTWYCHE 8 N/A N/A $700, % 22.5% $571,250 MACGREGOR 20 $770, % $771, % 44.8% $532,500 MACKENZIE 6 N/A N/A $770, % 18.0% $652,500 MANLY 19 N/A N/A $800, % 31.6% $608,000 MANLY WEST 36 $567, % $570, % 15.2% $495,000 MANSFIELD 24 $624, % $620, % 22.5% $506,000 MCDOWALL 20 $590, % $600, % 4.1% $576,250 MIDDLE PARK 8 N/A N/A $588, % 10.1% $534,500 MILTON 6 N/A N/A $835, % 28.5% $650,000 MITCHELTON 32 $601, % $618, % 19.2% $519,000 MOGGILL 20 $560, % $532, % 11.3% $478,500 MOOROOKA 28 $582, % $581, % 18.6% $490,000 MORNINGSIDE 19 N/A N/A $705, % 20.5% $585,000 MOUNT GRAVATT 14 N/A N/A $627, % 30.6% $480,000 MOUNT GRAVATT EAST 38 $590, % $590, % 25.5% $470,000 MOUNT OMMANEY 4 N/A N/A $835, % 15.5% $723,000 MURARRIE 15 N/A N/A $618, % 32.9% $465,000 NEW FARM 12 N/A N/A $1,525, % 38.6% $1,100,000 NEWMARKET 9 N/A N/A $805, % 18.4% $680,000 NORMAN PARK 23 $740, % $815, % 18.9% $685,500 NORTHGATE 9 N/A N/A $640, % 35.9% $471,000 NUDGEE 25 $585, % $590, % 17.4% $502,500 NUNDAH 19 N/A N/A $682, % 19.8% $569,500 OXLEY 24 $524, % $511, % 17.5% $435,000 PADDINGTON 33 $970, % $938, % 17.6% $797,500 PARKINSON 33 $607, % $620, % 21.7% $510,000 PULLENVALE ^ 6 N/A N/A $992, % -6.8% $1,065,000 RED HILL 18 N/A N/A $832, % 27.4% $653,406 RICHLANDS 2 N/A N/A $442, % 9.0% $405,500 RIVERHILLS 18 N/A N/A $443, % 4.4% $424,500 ROBERTSON 6 N/A N/A $1,002, % 53.1% $655,000 ROCHEDALE 8 N/A N/A $900, % 39.3% $646,000 ROCKLEA 8 N/A N/A $390, % 33.3% $292,500 RUNCORN 34 $541, % $534, % 25.6% $425,000 SALISBURY 32 $534, % $540, % 21.3% $445,000 SANDGATE 16 N/A N/A $643, % 20.9% $532,000 SEVEN HILLS 5 N/A N/A $742, % 19.8% $620,000 SEVENTEEN MILE ROCKS 10 N/A N/A $622, % 9.3% $568,900 SHERWOOD 15 N/A N/A $850, % 11.8% $760,000 SHORNCLIFFE 4 N/A N/A $685, % -5.5% $725,000 SINNAMON PARK 22 $689, % $624, % 6.3% $587,000 SPRING HILL 9 N/A N/A $910, % 20.5% $755,000 ST LUCIA 16 N/A N/A $1,010, % 1.0% $1,000,000 STAFFORD 16 N/A N/A $580, % 26.6% $458,000 STAFFORD HEIGHTS 27 $600, % $570, % 24.1% $460,000 STRETTON 17 N/A N/A $793, % 27.4% $623,000 SUNNYBANK 29 $749, % $723, % 37.7% $525,000 SUNNYBANK HILLS 37 $677, % $662, % 36.5% $485,000 TAIGUM 11 N/A N/A $470, % 6.9% $440,000 TARINGA 14 N/A N/A $895, % 31.6% $680,000 TARRAGINDI 35 $720, % $715, % 24.3% $575,000 TENERIFFE 4 N/A N/A $1,600, % 35.3% $1,182,500 TENNYSON 3 N/A N/A $614, % 13.7% $540,000 THE GAP 50 $625, % $621, % 14.7% $541,750 TINGALPA 37 $523, % $490, % 15.3% $425,000 TOOWONG 12 N/A N/A $782, % 17.6% $665,000 UPPER KEDRON 12 N/A N/A $610, % 11.9% $545,000 JUNE QUARTER

18 BRISBANE MARKET UPDATES S MARKET - HOUSES (CONT D) S MARKET - UNITS & TOWNHOUSES (CONT D) SUBURB S SUBURB S UPPER MOUNT GRAVATT 37 $580, % $590, % 26.3% $467,000 VIRGINIA 8 N/A N/A $542, % 20.0% $452,000 WAKERLEY 36 $776, % $725, % 18.9% $610,000 WAVELL HEIGHTS 49 $660, % $636, % 15.7% $550,000 WEST END 11 N/A N/A $1,070, % 44.1% $742,500 WESTLAKE 13 N/A N/A $657, % 12.4% $585,000 WILSTON 12 N/A N/A $1,005, % 20.4% $835,000 WINDSOR 14 N/A N/A $764, % 14.2% $669,000 WISHART 31 $675, % $685, % 28.9% $531,500 WOOLLOONGABBA 9 N/A N/A $775, % 18.8% $652,500 WOOLOOWIN 7 N/A N/A $780, % 19.4% $653,000 WYNNUM 56 $540, % $591, % 13.7% $520,000 WYNNUM WEST 39 $495, % $500, % 17.3% $426,250 YEERONGPILLY 5 N/A N/A $672, % -0.2% $673,955 YERONGA 10 N/A N/A $780, % 17.5% $663,750 ZILLMERE 23 $477, % $452, % 22.3% $370,000 S MARKET - UNITS & TOWNHOUSES BRISBANE (LGA) 1712 $440, % $441, % 7.6% $410,000 ACACIA RIDGE 11 N/A N/A $348, % -42.6% $606,000 ALBION 16 N/A N/A $452, % 4.1% $434,000 ALDERLEY 18 N/A N/A $489, % 23.0% $397,500 ALGESTER 5 N/A N/A $315, % -7.4% $340,000 ANNERLEY 21 $435, % $415, % 5.1% $395,000 ASCOT 11 N/A N/A $442, % 7.8% $410,000 ASHGROVE 7 N/A N/A $465, % 17.7% $395,000 ASPLEY 11 N/A N/A $385, % 5.5% $365,000 AUCHENFLOWER 17 N/A N/A $452, % 5.3% $430,000 BALMORAL 12 N/A N/A $535, % 14.5% $467,115 BANYO 3 N/A N/A $442, % -17.8% $537,500 BARDON 10 N/A N/A $559, % 2.3% $547,500 BOWEN HILLS 29 $429, % $429, % 1.9% $421,500 BRACKEN RIDGE 11 N/A N/A $361, % 0.9% $358,000 BRIDGEMAN DOWNS 3 N/A N/A $449, % 21.3% $371,000 BRISBANE CITY 87 $500, % $488, % 3.5% $471,500 BULIMBA 18 N/A N/A $605, % 14.4% $529,000 CALAMVALE 16 N/A N/A $396, % 6.8% $371,500 CAMP HILL 9 N/A N/A $548, % 28.9% $425,000 CANNON HILL 12 N/A N/A $445, % -12.7% $510,000 CARINA 23 $445, % $465, % 7.6% $432,000 CARINA HEIGHTS 13 N/A N/A $465, % 13.4% $410,000 CARINDALE 8 N/A N/A $468, % -2.3% $480,000 CARSELDINE 7 N/A N/A $403, % 4.1% $387,000 CHERMSIDE 31 $433, % $450, % 3.7% $434,000 CLAYFIELD 28 $375, % $375, % 9.1% $343,750 COOPERS PLAINS 4 N/A N/A $385, % -1.9% $392,500 COORPAROO 43 $420, % $415, % 10.7% $375,000 CORINDA 5 N/A N/A $436, % 1.6% $430,000 DARRA 3 N/A N/A $349, % -39.6% $577,500 DOOLANDELLA 5 N/A N/A $357, % 3.3% $346,000 EAST BRISBANE 14 N/A N/A $415, % -8.8% $455,000 EIGHT MILE PLAINS 24 $376, % $402, % 4.0% $387,000 ELLEN GROVE 7 N/A N/A $354, % 7.3% $330,000 ENOGGERA 10 N/A N/A $355, % -10.1% $395,000 EVERTON PARK 16 N/A N/A $391, % -1.8% $398,500 FAIRFIELD 3 N/A N/A $450, % 13.1% $397,750 FITZGIBBON 6 N/A N/A $348, % -5.8% $369,900 FORTITUDE VALLEY 32 $392, % $437, % 2.3% $427,750 GAYTHORNE 7 N/A N/A $443, % 23.1% $360,000 GORDON PARK 8 N/A N/A $380, % -0.5% $382,000 GREENSLOPES 16 N/A N/A $385, % 7.1% $360,000 HAMILTON 24 $555, % $592, % 30.3% $455,000 HAWTHORNE 8 N/A N/A $570, % 33.6% $426,500 HENDRA 5 N/A N/A $575, % 15.0% $500,000 HIGHGATE HILL 12 N/A N/A $515, % 14.4% $450,000 HOLLAND PARK WEST 2 N/A N/A $440, % 11.4% $395,000 INDOOROOPILLY 24 $488, % $500, % 15.6% $432,500 KANGAROO POINT 40 $420, % $514, % 6.1% $485,000 KEDRON 28 $445, % $450, % 29.7% $347,000 KELVIN GROVE 10 N/A N/A $482, % 7.2% $450,000 LUTWYCHE 22 $486, % $482, % 33.3% $362,000 MANLY 3 N/A N/A $475, % 14.2% $416,000 MANLY WEST 4 N/A N/A $410, % 5.4% $389,000 MCDOWALL 2 N/A N/A $407, % 5.8% $385,000 MILTON 16 N/A N/A $591, % 14.8% $514,975 MITCHELTON 5 N/A N/A $422, % 10.5% $382,000 MOOROOKA 25 $420, % $424, % 9.5% $387,250 MORNINGSIDE 34 $465, % $491, % 13.8% $431,500 MOUNT GRAVATT 3 N/A N/A $366, % 20.1% $305,000 MOUNT GRAVATT EAST 16 N/A N/A $440, % 14.0% $386,000 MURARRIE 11 N/A N/A $574, % -22.6% $742,500 NEW FARM 50 $547, % $560, % 6.7% $525,000 NEWMARKET 11 N/A N/A $460, % 9.4% $420,500 NEWSTEAD 31 $561, % $595, % -21.9% $761,500 NORMAN PARK 6 N/A N/A $480, % 0.2% $479,000 NORTHGATE 9 N/A N/A $414, % 20.0% $345,000 NUNDAH 42 $385, % $425, % 8.7% $391,000 OXLEY 4 N/A N/A $359, % -4.8% $377,495 PADDINGTON 9 N/A N/A $551, % 29.4% $426,000 RED HILL 2 N/A N/A $432, % 1.8% $425,000 RICHLANDS 8 N/A N/A $346, % -0.9% $350,000 ROCHEDALE 17 N/A N/A $500, % 27.3% $392,900 ROCKLEA 2 N/A N/A $352, % -29.9% $502,500 RUNCORN 17 N/A N/A $355, % 8.2% $328,000 SALISBURY 0 N/A N/A $437, % 12.5% $389,000 SHERWOOD 12 N/A N/A $450, % 12.5% $400,000 SOUTH BRISBANE 24 $474, % $498, % 10.9% $450,000 SPRING HILL 35 $394, % $407, % 4.5% $390,000 ST LUCIA 30 $440, % $442, % -0.7% $445,000 STAFFORD 3 N/A N/A $439, % 16.8% $376,000 SUNNYBANK HILLS 12 N/A N/A $360, % 0.0% $360,000 TAIGUM 15 N/A N/A $335, % -2.9% $345,000 TARINGA 31 $415, % $420, % 5.5% $398,750 TENERIFFE 30 $620, % $628, % 13.5% $553,500 THE GAP 5 N/A N/A $483, % 4.3% $464,000 TINGALPA 9 N/A N/A $367, % 3.6% $354,375 TOOWONG 38 $515, % $450, % 10.4% $407,500 UPPER MOUNT GRAVATT 25 $438, % $421, % -1.9% $429,000 Direct Connect makes moving easy for your customers by arranging their utility connections and other moving solutions. 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19 BRISBANE MARKET UPDATES S MARKET - UNITS & TOWNHOUSES (CONT D) SUBURB S WAKERLEY 7 N/A N/A $425, % 0.0% $425,000 WEST END 33 $531, % $562, % 13.6% $495,000 WINDSOR 12 N/A N/A $474, % 23.9% $383,250 WISHART 7 N/A N/A $391, % 8.7% $360,000 WOOLLOONGABBA 35 $474, % $473, % 10.1% $430,000 WYNNUM 15 N/A N/A $390, % 7.6% $362,500 WYNNUM WEST 11 N/A N/A $341, % 0.4% $340,000 YERONGA 16 N/A N/A $483, % 16.5% $415,000 YEERONGPILLY 4 N/A N/A $431, % 8.4% $398,000 ZILLMERE 17 N/A N/A $365, % 0.1% $364,750 S MARKET - VACANT LAND SUBURB S BRISBANE (LGA) 218 $366, % $370, % 25.4% $295,000 BRISBANE (LGA) ^ 6 N/A N/A $1,200, % 124.3% $535,000 BRIDGEMAN DOWNS 30 $370, % $370, % -2.6% $380,000 CARINDALE 2 N/A N/A $510, % 10.9% $460,000 FITZGIBBON 11 N/A N/A $175, % -5.4% $184,950 HEATHWOOD 21 $285, % $285, % 8.8% $262,000 KENMORE 4 N/A N/A $465, % 30.3% $357,000 KURABY 7 N/A N/A $374, % 1.2% $370,000 ROCHEDALE 13 N/A N/A $443, % 11.9% $396,000 UPPER KEDRON 1 N/A N/A $337, % 11.6% $302,500 RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS BRISBANE CITY $ $ BAYSIDE $ $ LINDUM/LYTTON/WYNNUM $ $ LOTA/MANLY $ $ CITY - INNER $ $ BRISBANE CITY/SPRING HILL $ $ NEW FARM/TENERIFFE $ $ BOWEN HILLS/VALLEY/HERSTON/ NEWSTEAD $ $ MILTON/PADDINGTON/ROSALIE $ $ AUCHENFLOWER/MTCOOTHA/TOOWONG $ $ IRONSIDE/ST LUCIA $ N.A HIGHGATE HILL/SOUTH BRIS/WEST END $ $ BURANDA/DUTTON PARK/WOOLOONGABBA $ $ EAST BRIS/KANGAROO POINT $ $ NORTH - INNER $ $ ASCOT/HAMILTON $ $ ALBION/BREAKFAST CREEK $535 5 $ CLAYFIELD/HENDRA $ $ NUNDAH/TOOMBUL/WAVELL HEIGHTS $ $ LUTWYCHE/WINDSOR/WOOLOOWIN $ $ GORDON PARK/KEDRON $ $ ALDERLEY/ENOGERRA/GAYTHORNE/ GRANGE/ NEWMARKET/WILSTON $ $ NORTH - OUTER $ $ NORTHGATE $ $ BANYO/NUDGEE/VIRGINIA $ $ BRACKEN RIDGE/BRIGHTON/ DEAGON/SANDGATE $ $ FITZGIBBON/TAIGUM $ $ CHERMSIDE/CRAIGSLEA $ $ ASPLEY/BOONDAL/GEEBUNG/ZILLMERE $ $ BALD HILLS $ $ NORTH WEST - INNER $ $ BALLYMORE/ITHACA/KELVIN GROVE/ RED HILL $ $ ASHGROVE/DORRINGTON/ ST JOHNS WOOD $ $ BARDON/JUBILEE/RAINWORTH $ $ RENTAL MARKET - 3 BED HOUSES (CONT D) POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS NORTH WEST - OUTER $ $ BROOKSIDE/EVERTON PARK/ MCDOWALL/STAFFORD $ $ ARANA HILLS/KEPERRA $ $ THE GAP $ $ SOUTH - INNER $ $ ANNERLEY/FAIRFIELD $ $ YERONGA $ $ CLIFTON HILL/MOOROOKA/TENNYSON $ $ GREENSLOPES/STONES CORNER $ $ EKIBIN/HOLLAND PARK/TARRAGINDI/ WELLERS HILL $ $ MANSFIELD/MT GRAVATT/WISHART $ $ SOUTH - OUTER $ $ BRISBANE MARKET/ROCKLEA $ $ SALISBURY $ $ ARCHERFIELD/COOPERS PLAINS $ $ ALTANDI/MACGREGOR/ROBERTSON/ SUNNYBANK $ $ ACACIA RIDGE/LARAPINTA/WILLAWONG $ $ KURABY $385 6 $ EIGHT MILES PLAINS/RUNCORN $ $ ALGESTER/PARKINSON $ $ CALAMVALE/DREWVALE/STRETTON $ $ SOUTH EAST - INNER $ $ COORPAROO $ $ CAMP HILL/CARINA/CARINDALE $ $ CANNON HILL/MORNINGSIDE/NORMAN PARK $ $ BALMORAL/BULIMBA/HAWTHORNE $ $ MURARRIE $ $ SOUTH EAST - OUTER $ $ BELMONT $455 7 $ GUMDALE/RANSOME/WAKERLEY $470 6 $ TINGALPA $ $ SOUTH WEST - INNER $ $ CHELMER/INDOOROOPILLY/TARINGA $ $ CORINDA/GRACEVILLE/OXLEY/SHERWOOD $ $ SOUTH WEST - OUTER $ $ BROOKFIELD/CHAPEL HILL/KENMORE $ $ ANSTEAD/BELLBOWRIE/MOGGILL $ $ SEVENTEEN MILE ROCKS/SINNAMON PARK $ $ JINDALEE/MTOMMANEY/SUMNER/ WESTLAKE $ $ DARRA/WACOL $ $ DOOLANDELLA/DURACK/INALA/RICHLANDS $ $ FOREST LAKE/CAROLE PARK $ $ The median sale price in Brisbane increased by 1.3 per cent over the June quarter. The best performers were Clayfield, East Brisbane, Sinnamon Park, Kuraby, Holland Park and Hawthorne. JUNE QUARTER

20 BRISBANE MARKET UPDATES RENTAL MARKET - 2 BED UNITS POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS BRISBANE CITY $ $ BAYSIDE $ $ LINDUM/LYTTON/WYNNUM $ $ LOTA/MANLY $ $ CITY - INNER $ $ BRISBANE CITY/SPRING HILL $ $ NEW FARM/TENERIFFE $ $ BOWEN HILLS/VALLEY/HERSTON/ NEWSTEAD $ $ MILTON/PADDINGTON/ROSALIE $ $ AUCHENFLOWER/MTCOOTHA/TOOWONG $ $ IRONSIDE/ST LUCIA $ $ HIGHGATE HILL/SOUTH BRIS/WEST END $ $ BURANDA/DUTTON PARK/WOOLOONGABBA $ $ EAST BRIS/KANGAROO POINT $ $ NORTH - INNER $ $ ASCOT/HAMILTON $ $ ALBION/BREAKFAST CREEK $ $ CLAYFIELD/HENDRA $ $ NUNDAH/TOOMBUL/WAVELL HEIGHTS $ $ LUTWYCHE/WINDSOR/WOOLOOWIN $ $ GORDON PARK/KEDRON $ $ ALDERLEY/ENOGERRA/GAYTHORNE/ GRANGE/ NEWMARKET/WILSTON $ $ NORTH - OUTER $ $ NORTHGATE $ $ BANYO/NUDGEE/VIRGINIA $350 6 $ BRACKEN RIDGE/BRIGHTON/DEAGON/ SANDGATE $ $ FITZGIBBON/TAIGUM $340 8 $ CHERMSIDE/CRAIGSLEA $ $ ASPLEY/BOONDAL/GEEBUNG/ZILLMERE $ $ NORTH WEST - INNER $ $ BALLYMORE/ITHACA/KELVIN GROVE/ RED HILL $ $ ASHGROVE/DORRINGTON/ ST JOHNS WOOD $ $ BARDON/JUBILEE/RAINWORTH $320 9 $ NORTH WEST - OUTER $ $ BROOKSIDE/EVERTON PARK/ MCDOWALL/STAFFORD $ $ SOUTH - INNER $ $ ANNERLEY/FAIRFIELD $ $ YERONGA $ $ CLIFTON HILL/MOOROOKA/TENNYSON $ $ GREENSLOPES/STONES CORNER $ $ EKIBIN/HOLLAND PARK/TARRAGINDI/ WELLERS HILL $ $ MANSFIELD/MT GRAVATT/WISHART $ $ SOUTH - OUTER $ $ BRISBANE MARKET/ROCKLEA $320 7 $ ARCHERFIELD/COOPERS PLAINS $ N.A ALTANDI/MACGREGOR/ROBERTSON/ SUNNYBANK $ $ EIGHT MILES PLAINS/RUNCORN $365 8 N.A. 2 SOUTH EAST - INNER $ $ COORPAROO $ $ CAMP HILL/CARINA/CARINDALE $ $ CANNON HILL/MORNINGSIDE/ NORMAN PARK $ $ BALMORAL/BULIMBA/HAWTHORNE $ $ SOUTH EAST - OUTER $330 8 $ TINGALPA $330 5 $315 7 SOUTH WEST - INNER $ $ CHELMER/INDOOROOPILLY/TARINGA $ $ CORINDA/GRACEVILLE/OXLEY/ SHERWOOD $ $ SOUTH WEST - OUTER $ $ DARRA/WACOL $275 5 $250 5 RENTAL MARKET - 3 BED TOWNHOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS BRISBANE CITY $ $ BAYSIDE $ $ LINDUM/LYTTON/WYNNUM $ $ LOTA/MANLY $ $ CITY - INNER $ $ BRISBANE CITY/SPRING HILL $600 5 $ NEW FARM/TENERIFFE $ $ BOWEN HILLS/VALLEY/HERSTON/ NEWSTEAD $ $ MILTON/PADDINGTON/ROSALIE $550 6 $ AUCHENFLOWER/MTCOOTHA/TOOWONG $600 7 $ IRONSIDE/ST LUCIA $ $ HIGHGATE HILL/SOUTH BRIS/WEST END $640 8 $ EAST BRIS/KANGAROO POINT $560 6 N.A. 4 NORTH - INNER $ $ ASCOT/HAMILTON $ $ CLAYFIELD/HENDRA $ $ NUNDAH/TOOMBUL/WAVELL HEIGHTS $ $ LUTWYCHE/WINDSOR/WOOLOOWIN $ $ GORDON PARK/KEDRON $ $ ALDERLEY/ENOGERRA/GAYTHORNE/ GRANGE/ NEWMARKET/WILSTON $ $ NORTH - OUTER $ $ NORTHGATE $ $ BRACKEN RIDGE/BRIGHTON/DEAGON/ SANDGATE $ $ FITZGIBBON/TAIGUM $ $ CHERMSIDE/CRAIGSLEA $ $ ASPLEY/BOONDAL/GEEBUNG/ZILLMERE $ $ BALD HILLS $365 7 $365 7 NORTH WEST - INNER $ $ BARDON/JUBILEE/RAINWORTH $525 5 N.A. 3 NORTH WEST - OUTER $ $ BROOKSIDE/EVERTON PARK/ MCDOWALL/STAFFORD $ $ SOUTH - INNER $ $ ANNERLEY/FAIRFIELD $ $ YERONGA $450 7 $ CLIFTON HILL/MOOROOKA/TENNYSON $ $ GREENSLOPES/STONES CORNER $ $ EKIBIN/HOLLAND PARK/TARRAGINDI/ WELLERS HILL $ $ MANSFIELD/MT GRAVATT/WISHART $ $ SOUTH - OUTER $ $ SALISBURY $485 6 $ ALTANDI/MACGREGOR/ROBERTSON/ SUNNYBANK $ $ ACACIA RIDGE/LARAPINTA/WILLAWONG $ $ KURABY $ $ EIGHT MILES PLAINS/RUNCORN $ $ ALGESTER/PARKINSON $ $ CALAMVALE/DREWVALE/STRETTON $ $ SOUTH EAST - INNER $ $ COORPAROO $ $ CAMP HILL/CARINA/CARINDALE $ $ CANNON HILL/MORNINGSIDE/NORMAN PARK $ $ BALMORAL/BULIMBA/HAWTHORNE $ $ MURARRIE $ $ SOUTH EAST - OUTER $ $ GUMDALE/RANSOME/WAKERLEY $ $ TINGALPA $ $ SOUTH WEST - INNER $ $ CHELMER/INDOOROOPILLY/TARINGA $ $ CORINDA/GRACEVILLE/OXLEY/ SHERWOOD $ $ QUEENSLAND MARKET MONITOR

21 BRISBANE MARKET UPDATES RENTAL MARKET - 3 BED TOWNHOUSES (CONT D) POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS SOUTH WEST - OUTER $ $ SEVENTEEN MILE ROCKS/SINNAMON PARK $405 7 $ JINDALEE/MTOMMANEY/SUMNER/ WESTLAKE $ $ DARRA/WACOL $ $ DOOLANDELLA/DURACK/INALA/ RICHLANDS $ $ FOREST LAKE/CAROLE PARK $ $ BRISBANE HOUSE S 2,804 2,435 1, <$350K $350K+ $500k+ $1M+ Houses<2,400m BRISBANE UNIT S 1,390 1, <$250k $250K+ $350K+ $500k+ $1M+ BRISBANE LAND S <$250k $250K+ $350K+ $500k+ JUNE QUARTER

22 GOLD COAST The Gold Coast residential property market continued to strengthen and was one of the strongest markets in Queensland this quarter. The increase in the median sale price of houses has been positive over the past four quarters, reaching the largest annual median sale price increase in Queensland of 6.7 per cent to June The performance of the unit market remains volatile but contrary to predictions it improved over the June 2016 quarter. The large-scale infrastructure under way on the Gold Coast, for the Commonwealth Games, has benefited the property market. A recent project was the $40 million Coomera Indoor Sports Centre, and Stage 2 of the $420 million Gold Coast Light Rail extension project has just commenced. More than $5 billion in residential and commercial projects is under way on the Gold Coast. Some of these projects are: $1 billion Jewel residences in Surfers Paradise - the largest five-star development with a hotel on the Gold Coast. Pacific Fair renovation, with an expected project value of $670 million. Jupiter s Hotel and Casino renovation with an estimated investment of $350 million. With significant infrastructure projects under way and large-scale residential and commercial development happening, the Gold Coast is booming. Tourism numbers are up, boosted by the weaker Australian dollar. The Gold Coast's prospects are good; it is a modern city that offers residents outstanding healthcare, first-rate education, and good employment opportunities. HOUSE MARKET The house market on the Gold Coast is solid and its prospects are good with the type of buyers currently including interstate investors. The largest volume of sales was in the $500,000 - $1million price bracket. However, local real estate agents have noted higher demand for high-end properties closer to the beach. This aligns with the quarterly increase in the median sale price in Broadbeach Waters from $1.04 million in March to $1.1 million in June and Mermaid Beach from $1.3 million in March to $1.54 million in June. Stock on market and total listings have both shown a slight reduction, potentially contributing to the upward trend on the median sale price. Median days on market have contracted by about a week over the past 12 months, sitting slightly above one month. Median vendor discounting has also contracted to 4.2 per cent in May Market trend indicators are clearly showing a market operating in a high-demand environment. UNIT MARKET The unit market performance remains volatile, but it has returned to positive territory, reaching a quarterly increase of 1.6 per cent in June Over the past 12 months, the unit market increased moderately from $367,850 in June 2015 to $380,000 in June Over the medium term, the median sale price showed a slight increase from $370,000 in June 2011 to $380,000 in June Local real estate agents are noting a higher interest in units close to public transport. The largest volume of activity remains in the $250,000 to $500,000 median sale price range. Market trend indicators are showing a potential increase in demand in the unit market. Median days on market have reduced from 60 days in May 2015 to 52 in May 2016 while median vendor discount dropped from 5.2 per cent in May 2015 to 4.4 per cent in May 2016 Despite the uncertainty triggered by the lengthy federal election campaign, the median sale price of houses increased for a fourth consecutive quarter, reaching an annual median sale price of $560,000 compared to $525,000 over 12 months ago. The five-year performance of the market has also been solid, reaching an accumulated increase of 14.9 per cent, equivalent to an annual increase of 2.8 per cent. 22 QUEENSLAND MARKET MONITOR

23 S MARKET - HOUSES S MARKET - UNITS & TOWNHOUSES SUBURB/LGA S SUBURB S GOLD COAST (LGA) 1438 $580, % $560, % 14.9% $487,500 GOLD COAST (LGA) ^ 152 $782, % $740, % 10.4% $670,000 ARUNDEL 30 $557, % $545, % 16.0% $470,000 ASHMORE 41 $596, % $545, % 26.7% $430,000 BENOWA 34 $895, % $765, % 10.1% $695,000 BIGGERA WATERS 22 $752, % $660, % 47.7% $447,000 BONOGIN ^ 17 N/A N/A $725, % 15.1% $630,000 BROADBEACH WATERS 57 $1,095, % $975, % 30.4% $747,500 BUNDALL 23 $915, % $945, % 7.4% $880,000 BURLEIGH HEADS 19 N/A N/A $714, % 27.5% $560,000 BURLEIGH WATERS 40 $675, % $680, % 24.5% $546,250 CARRARA 36 $508, % $502, % 18.1% $425,000 CLEAR ISLAND WATERS 12 N/A N/A $930, % 16.3% $800,000 COOLANGATTA 3 N/A N/A $783, % 29.4% $605,000 COOMBABAH 25 $439, % $438, % 8.9% $402,500 COOMERA 20 $407, % $440, % 18.0% $373,000 CURRUMBIN 5 N/A N/A $782, % 30.4% $600,000 CURRUMBIN VALLEY ^ 4 N/A N/A $720, % -12.7% $825,000 CURRUMBIN WATERS 30 $605, % $580, % 18.9% $488,000 ELANORA 28 $636, % $581, % 13.7% $511,000 GILSTON 6 N/A N/A $525, % 6.1% $495,000 HELENSVALE 69 $580, % $560, % 17.9% $475,000 HIGHLAND PARK 23 $459, % $475, % 12.0% $424,000 HOLLYWELL 14 N/A N/A $620, % 11.7% $555,000 HOPE ISLAND 16 N/A N/A $641, % 10.1% $582,500 JACOBS WELL 2 N/A N/A $412, % -0.6% $415,000 LABRADOR 25 $450, % $480, % 20.8% $397,500 LOWER BEECHMONT 2 N/A N/A $396, % 0.3% $395,000 MAUDSLAND 9 N/A N/A $470, % 3.2% $455,500 MERMAID BEACH 20 $1,540, % $1,300, % 25.0% $1,040,000 MERMAID WATERS 38 $752, % $760, % 26.7% $600,000 MERRIMAC 19 N/A N/A $469, % 15.5% $406,000 MIAMI 15 N/A N/A $675, % 22.7% $550,000 MOLENDINAR 16 N/A N/A $570, % 12.3% $507,495 MUDGEERABA 23 $545, % $519, % 14.2% $455,000 MUDGEERABA ^ 3 N/A N/A $715, % 10.8% $645,500 NERANG 47 $435, % $406, % 12.8% $360,000 NERANG ^ 4 N/A N/A $785, % 0.0% $785,000 ORMEAU 51 $462, % $454, % 5.6% $430,000 ORMEAU HILLS 17 N/A N/A $487, % 4.2% $467,500 OXENFORD 37 $507, % $473, % 7.7% $440,000 PACIFIC PINES 58 $500, % $496, % 9.0% $455,000 PALM BEACH 50 $700, % $690, % 27.8% $540,000 PARADISE POINT 20 $835, % $881, % 11.5% $790,000 PARKWOOD 25 $575, % $550, % 16.5% $472,000 PIMPAMA 27 $446, % $435, % 15.7% $376,000 REEDY CREEK 26 $748, % $746, % 15.4% $647,000 ROBINA 60 $628, % $625, % 19.0% $525,000 RUNAWAY BAY 31 $917, % $960, % 18.5% $810,000 SOUTHPORT 50 $535, % $539, % 22.5% $440,000 SURFERS PARADISE 28 $1,280, % $1,280, % -0.8% $1,290,000 TALLAI ^ 6 N/A N/A $850, % 16.8% $728,000 TALLEBUDGERA ^ 12 N/A N/A $820, % 0.6% $815,000 TALLEBUDGERA VALLEY ^ 7 N/A N/A $760, % 3.8% $732,500 TUGUN 18 N/A N/A $550, % 25.0% $440,000 UPPER COOMERA 111 $447, % $440, % 7.5% $410,000 VARSITY LAKES 24 $550, % $557, % 18.9% $468,750 WONGAWALLAN ^ 4 N/A N/A $690, % 7.0% $645,000 WORONGARY 10 N/A N/A $437, % 11.3% $393,000 WORONGARY ^ 14 N/A N/A $719, % 20.3% $597,500 GOLD COAST (LGA) 2001 $390, % $380, % 2.7% $370,000 ARUNDEL 20 $332, % $325, % 1.6% $320,000 ASHMORE 24 $282, % $287, % -5.7% $305,000 BENOWA 15 N/A N/A $538, % 16.1% $463,980 BIGGERA WATERS 64 $342, % $427, % 34.7% $317,000 BILINGA 17 N/A N/A $490, % -10.9% $550,000 BROADBEACH 100 $417, % $440, % -12.9% $505,000 BROADBEACH WATERS 12 N/A N/A $478, % 27.3% $375,500 BUNDALL 5 N/A N/A $329, % -6.6% $352,500 BURLEIGH HEADS 73 $440, % $427, % 10.9% $385,000 BURLEIGH WATERS 29 $410, % $380, % 7.8% $352,500 CARRARA 42 $433, % $410, % -1.9% $418,000 CLEAR ISLAND WATERS 15 N/A N/A $422, % -15.9% $502,000 COOLANGATTA 60 $450, % $464, % 3.1% $450,000 COOMBABAH 24 $331, % $335, % 3.1% $325,000 COOMERA 55 $400, % $363, % 14.1% $319,000 CURRUMBIN 16 N/A N/A $432, % 7.3% $403,000 CURRUMBIN WATERS 15 N/A N/A $335, % 6.0% $316,000 ELANORA 18 N/A N/A $365, % 10.2% $331,250 HELENSVALE 30 $350, % $411, % -6.4% $439,500 HIGHLAND PARK 5 N/A N/A $275, % -6.8% $295,000 HOLLYWELL 5 N/A N/A $655, % -47.6% $1,250,000 HOPE ISLAND 78 $546, % $595, % 12.3% $530,000 LABRADOR 92 $325, % $330, % 6.5% $310,000 MAIN BEACH 47 $697, % $670, % 11.7% $600,000 MERMAID BEACH 61 $350, % $355, % -4.1% $370,000 MERMAID WATERS 40 $321, % $358, % 16.7% $307,500 MERRIMAC 16 N/A N/A $359, % -13.6% $416,000 MIAMI 49 $415, % $415, % 13.7% $365,000 MUDGEERABA 16 N/A N/A $320, % -1.7% $325,500 NERANG 40 $285, % $300, % 0.0% $300,000 ORMEAU 12 N/A N/A $357, % -3.0% $368,250 OXENFORD 12 N/A N/A $304, % 8.6% $280,000 PACIFIC PINES 17 N/A N/A $330, % -16.5% $395,000 PALM BEACH 52 $395, % $360, % -0.7% $362,500 PARADISE POINT 32 $607, % $595, % 9.7% $542,500 PARKWOOD 6 N/A N/A $331, % 4.7% $316,500 PIMPAMA 22 $339, % $298, % -18.6% $365,900 REEDY CREEK 13 N/A N/A $310, % -1.6% $315,000 ROBINA 69 $388, % $412, % -10.4% $460,000 RUNAWAY BAY 25 $515, % $495, % 30.3% $380,000 SOUTHPORT 169 $368, % $368, % 7.6% $342,050 SURFERS PARADISE 313 $375, % $360, % -4.0% $375,000 TUGUN 25 $435, % $405, % 15.7% $350,000 UPPER COOMERA 22 $337, % $332, % -4.1% $346,250 VARSITY LAKES 68 $423, % $409, % 6.4% $385,000.RENTAL MARKET Vacancy rates on the Gold Coast remained tight at 1.4 per cent over the June 2016 quarter. Local agents have noted the large influx of employees seeking rental properties as the main drivers for a tight rental market. Over the past 12 months, the median weekly rent for three-bedroom houses increased by $10 to $460 while the two-bedroom units median weekly rent increased by $15 to $395 per week. The gross rental yields for houses and units are sitting at about 4.1 per cent and 5.3 per cent respectively. JUNE QUARTER

24 S MARKET - VACANT LAND SUBURB S RENTAL MARKET - 3 BED HOUSES GOLD COAST (LGA) 210 $240, % $239, % 4.3% $230,000 GOLD COAST (LGA) ^ 26 $400, % $362, % -19.0% $447,500 COOMERA 29 $230, % $235, % 14.6% $205,000 ELANORA 0 N/A N/A $358, % 15.6% $310,000 GILSTON 3 N/A N/A $295, % 17.4% $251,250 HELENSVALE 1 N/A N/A $500, % 19.0% $420,000 HOPE ISLAND 0 N/A N/A $475, % 3.6% $458,500 MAUDSLAND 0 N/A N/A $234, % -10.0% $260,000 ORMEAU 5 N/A N/A $229, % -8.6% $251,000 ORMEAU HILLS 7 N/A N/A $219, % -0.8% $221,569 PACIFIC PINES 3 N/A N/A $228, % -4.6% $240,000 PIMPAMA 130 $240, % $240, % 9.1% $220,000 REEDY CREEK 4 N/A N/A $374, % 11.1% $336,738 UPPER COOMERA 5 N/A N/A $237, % 2.9% $230,590 POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS GOLD COAST CITY $ $ GILBERTON/JACOBS WELL/ORMEAU $ $ CANOWINDRA/COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH $ $ OXENFORD/STUDIO VILLAGE/ WONGAWALLAN $ $ ADVANCETOWN/BEECHMONT/ BINNA BURRA/CARRARA/ GAVEN/ NERANG $ $ BOYKAMBIL/HELENSVALE/HOPE ISLAND/ $490 SANCTUARY COVE 61 $ AUSTINVILLE/MUDGEERABA/ SPRINGBROOK/ TALLAI/ WORONGARY $ $ ARUNDEL/ASHMORE/ERNEST/ PARKWOOD $ $ CHIRN PK/SOUTHPORT/LABRADOR/ KEEBRA PK $ $ BIGGERA WTRS/ COOMBABAH/ $450 HOLLYWELL/ PARADISE PT/ RUNAWAY BAY 54 $ BENOWA/BUNDALL/MAIN BCH/ SORRENTO/ SURFERS PARADISE $ $ BROADBEACH/MERMAID BCH/ NOBBY BCH/RIALTO $ $ ANDREWS/BURLEIGH/MIAMI/TALLY VALLEY $ $ ELANORA/PALM BCH $ $ CURRUMBIN/CURRUMBIN VALLEY $ $ TUGUN $495 8 $ KERRYDALE/MERRIMAC/ROBINA $ $ REEDY CK/STEPHENS/VARSITY LAKES $ $ SCENIC RIM REGIONAL $ $ MT TAMBORINE $ $ BEAUDESERT/ CEDAR VALE/ INNISPLAIN/ $320 KOORALBYN/ LAMINGTON 48 $ BOONAH/ DUGANDEN/ MT ALFORD $ $ RENTAL MARKET - 2 BED UNITS POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS GOLD COAST CITY $ $ CANOWINDRA/COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH $ $ OXENFORD/STUDIO VILLAGE/ WONGAWALLAN $ $ ADVANCETOWN/BEECHMONT/ BINNA BURRA/CARRARA/ GAVEN/ NERANG $ $ BOYKAMBIL/HELENSVALE/HOPE ISLAND/ $400 SANCTUARY COVE 37 $ ARUNDEL/ASHMORE/ERNEST/ PARKWOOD $ $ CHIRN PK/SOUTHPORT/LABRADOR/ KEEBRA PK $ $ BIGGERA WTRS/ COOMBABAH/ $380 HOLLYWELL/ PARADISE PT/ RUNAWAY BAY 241 $ BENOWA/BUNDALL/MAIN BCH/ SORRENTO/ SURFERS PARADISE $ $ BROADBEACH/MERMAID BCH/ NOBBY BCH/RIALTO $ $ ANDREWS/BURLEIGH/MIAMI/TALLY VALLEY $ $ ELANORA/PALM BCH $ $ CURRUMBIN/CURRUMBIN VALLEY $ $ TUGUN $ $ BILINGA/COOLANGATTA/GREENMOUNT/ KIRRA/ RAINBOW BAY $ $ KERRYDALE/MERRIMAC/ROBINA $ $ REEDY CK/STEPHENS/VARSITY LAKES $ $ SCENIC RIM REGIONAL $ $ BEAUDESERT/ CEDAR VALE/ INNISPLAIN/ $220 KOORALBYN/ LAMINGTON/ ETC 30 $ RENTAL MARKET - 3 BED TOWNHOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS GOLD COAST CITY $ $ GILBERTON/JACOBS WELL/ORMEAU $ $ CANOWINDRA/COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH $ $ OXENFORD/STUDIO VILLAGE/ WONGAWALLAN $ $ ADVANCETOWN/BEECHMONT/ BINNA BURRA/CARRARA/ GAVEN/ NERANG $ $ BOYKAMBIL/HELENSVALE/HOPE ISLAND/ $450 SANCTUARY COVE 61 $ AUSTINVILLE/MUDGEERABA/ SPRINGBROOK/ TALLAI/ WORONGARY $ $ ARUNDEL/ASHMORE/ERNEST/ PARKWOOD $ $ CHIRN PK/SOUTHPORT/LABRADOR/ KEEBRA PK $ $ BIGGERA WTRS/ COOMBABAH/ $380 HOLLYWELL/ PARADISE PT/ RUNAWAY BAY 85 $ BENOWA/BUNDALL/MAIN BCH/ SORRENTO/ SURFERS PARADISE $ $ BROADBEACH/MERMAID BCH/ NOBBY BCH/RIALTO $ $ ANDREWS/BURLEIGH/MIAMI/TALLY VALLEY $ $ ELANORA/PALM BCH $ $ CURRUMBIN/CURRUMBIN VALLEY $ $ TUGUN $ $ KERRYDALE/MERRIMAC/ROBINA $ $ REEDY CK/STEPHENS/VARSITY LAKES $ $ GOLD COAST HOUSE S GOLD COAST UNIT S <$350K $350K+ $500k+ $1M+ Houses<2,400m <$250k $250K+ $350K+ $500k+ $1M+ 24 QUEENSLAND MARKET MONITOR

25 GOLD COAST LAND S <$250k $250K+ $350K+ $500k+ $1M+ JUNE QUARTER

26 TOOWOOMBA The Toowoomba residential property market has started to lose momentum with the quarterly median sale price for houses and units reducing by 2.3 per cent and 2.7 per cent respectively. This performance is attributed to the long federal election campaign and the uncertainty of the negative gearing debate. Over a 12-month period, the residential property market has been relatively flat with units performing better than houses and reaching a median sale price annual increase of about 3.7 per cent. This performance is mainly a consequence of a market operating in equilibrium where demand meets supply very closely. The Second Range Crossing project is yet to generate the expected 1,800 jobs and the associated flow-on effect into the local economy, but it will eventuate in the medium-term. The Grand Central QIC redevelopment is now starting to generate more jobs in retail and hospitality with a total of 120 retail accommodation openings in September 2016 or by June A masterplanned residential community, Ferleigh Westbrook, was announced in June 2016 by Hallmark Property. The proposed development is located about 8km or 15 minutes south-west from the CBD. The project is at a planning stage and is forecast to deliver about 1500 residential allotments along with the development of a town centre, which will include retail and commercial accommodation, a childcare centre and community facilities. Toowoomba is a diversified economy, which does not seem to rely on one sector or a dominant employer to create jobs. This provides solid grounds for a positive outlook for the residential property market in Toowoomba. HOUSE MARKET Toowoomba remains an affordable market in the southeast corner and is primarily driven by owner-occupiers looking for properties with a price range below $350,000. Suburbs like East Toowoomba and Middle Ridge performed strongly, with a few sales over the $1 million price range and with a median sale price above $500,000, which is equivalent to about $200,000 more than the Toowoomba LGA median sale price. The volume of activity continued easing over the past few quarters. This trend is now starting to impact on the median sale price, which dropped by 2.3 per cent over the quarter and increased by only 0.1 per cent over a 12-month period. Median days on market and vendor discounting are indicating a market cooling down. Days on market increased from 33 days in May 2015 to 49 days in May 2016 and vendor discounting also increased from 3.7 per cent in May 2015 to 5 per cent in May The medium-term growth (five years) of the median sale price was 17.5 per cent to June This represents an annual increase of about 3.3 per cent. UNIT MARKET The unit median sale price contracted by 2.7 per cent over the quarter. However, its performance over the medium term was solid, reaching an accumulated increase of 26.8 per cent over five years. The sale of new, quality units is now driving demand. Developers have more realistic price expectations, which explains the reduction in the median sale price from $310,000 in March to $301,500 in June. The volume of sales increased from 125 in December 2015 to 142 in March The preliminary June 2016 volume of sales was 84 days, potentially indicating a contraction of demand over the quarter. The median vendor discount increased to 4.4 per cent in June. However, it remains as one of the lowest in regional Queensland. Median days on market now exceed two months, compared to 49 days for housing dwellings. RENTAL MARKET Local agents indicate the rental market is moving slowly and vacancy rates are higher than historical rates (which fluctuated in the vicinity of 1 per cent between 2012 and 2014). Vacancy rates have improved over the June quarter, falling from 3 per cent in March to 2.3 per cent in June due to investors expectations being more realistic and providing discounts on the weekly rent to secure tenants. Despite the increase in the number of new bonds by about 60, the median weakly rent for three-bedroom houses remained unchanged at $300 in the past 12 months to June Local agents have noticed a switch in demand from units to medium-size houses, which potentially contributed to the reduction in the median weekly rent of two-bedroom units from $250 in June 2015 to $245 in June The forecast of the rental market is stable as there seems to be sufficient stock of housing to meet potentially increasing demand driven by new workers to the region. 26 QUEENSLAND MARKET MONITOR

27 S MARKET - HOUSES SUBURB S TOOWOOMBA HOUSE S TOOWOOMBA (LGA) 466 $343, % $350, % 17.5% $298,000 TOOWOOMBA (LGA) ^ 96 $469, % $485, % 12.8% $430,000 CENTENARY HEIGHTS 28 $353, % $365, % 23.7% $295,000 CROWS NEST 8 N/A N/A $274, % 16.6% $235,000 DARLING HEIGHTS 11 N/A N/A $345, % 16.0% $297,500 EAST TOOWOOMBA 20 $532, % $480, % 23.9% $387,500 GLENVALE 16 N/A N/A $360, % 15.2% $312,500 GLENVALE ^ 3 N/A N/A $489, % 7.3% $456,250 HARLAXTON 5 N/A N/A $289, % 27.0% $227,500 HARRISTOWN 29 $305, % $317, % 22.9% $258,000 HIGHFIELDS 10 N/A N/A $465, % 7.0% $434,500 HIGHFIELDS ^ 19 N/A N/A $525, % 19.2% $440,500 KEARNEYS SPRING 27 $378, % $372, % 12.9% $330,000 KINGSTHORPE 7 N/A N/A $315, % 28.6% $245,000 KLEINTON 10 N/A N/A $517, % 30.7% $396,000 MERINGANDAN WEST ^ 11 N/A N/A $385, % 20.3% $320,000 MIDDLE RIDGE 23 $587, % $496, % 15.9% $428,000 MOUNT LOFTY 20 $412, % $460, % 39.4% $330,000 NEWTOWN 50 $309, % $305, % 19.8% $255,000 NORTH TOOWOOMBA 12 N/A N/A $302, % 17.0% $258,500 OAKEY 12 N/A N/A $228, % 1.6% $225,000 PITTSWORTH 6 N/A N/A $290, % 5.3% $275,500 RANGEVILLE 34 $390, % $415, % 12.2% $370,000 ROCKVILLE 10 N/A N/A $275, % 11.4% $247,450 SOUTH TOOWOOMBA 32 $325, % $330, % 17.0% $282,000 TOOWOOMBA CITY 3 N/A N/A $362, % 31.2% $276,000 WESTBROOK 12 N/A N/A $442, % 11.2% $397,500 WILSONTON 18 N/A N/A $310, % 14.8% $270,000 WILSONTON HEIGHTS 8 N/A N/A $300, % 18.9% $252,250 WYREEMA 6 N/A N/A $345, % 18.5% $291,250 SURROUNDS GOONDIWINDI (LGA) 17 N/A N/A $220, % 1.3% $217,250 GOONDIWINDI 13 N/A N/A $265, % -1.9% $270,000 SOUTHERN DOWNS (LGA) 68 $245, % $242, % -0.8% $244,500 SOUTHERN DOWNS (LGA) ^ 33 $290, % $325, % 0.8% $322,500 STANTHORPE 16 N/A N/A $241, % -3.5% $250,000 WARWICK 41 $254, % $246, % -2.4% $252,000 Houses<2,400m TOOWOOMBA UNIT S <$250k $250K+ $350K+ $500k+ TOOWOOMBA LAND S <$250k $250K+ $350K+ 159 <$350K $350K+ $500k WESTERN DOWNS (LGA) 33 $200, % $202, % -23.4% $264,500 WESTERN DOWNS (LGA) ^ 13 N/A N/A $349, % -8.0% $380,000 CHINCHILLA 10 N/A N/A $260, % -10.0% $289,000 DALBY 19 N/A N/A $214, % -15.1% $252,000 DALBY ^ 4 N/A N/A $402, % -4.1% $419,500 S MARKET - UNITS & TOWNHOUSES TOOWOOMBA (LGA) 86 $301, % $310, % 26.8% $244,500 CENTENARY HEIGHTS 3 N/A N/A $329, % 20.7% $272,500 EAST TOOWOOMBA 12 N/A N/A $337, % 38.7% $243,000 HARRISTOWN 12 N/A N/A $237, % 8.7% $218,500 HIGHFIELDS 1 N/A N/A $320, % -1.5% $325,000 KEARNEYS SPRING 14 N/A N/A $313, % 25.4% $250,000 NEWTOWN 10 N/A N/A $282, % 25.6% $225,000 RANGEVILLE 9 N/A N/A $356, % 22.5% $291,000 SOUTH TOOWOOMBA 0 N/A N/A $330, % 37.8% $240,000 WILSONTON 3 N/A N/A $245, % 16.7% $210,000 S MARKET - VACANT LAND TOOWOOMBA (LGA) 45 $174, % $170, % 17.2% $145,000 TOOWOOMBA (LGA) ^ 17 N/A N/A $190, % 19.5% $159,000 CRANLEY 2 N/A N/A $170, % 24.9% $136,500 GLENVALE 5 N/A N/A $175, % 22.4% $143,000 KEARNEYS SPRING 13 N/A N/A $187, % 12.7% $166,000 KLEINTON 1 N/A N/A $188, % 27.7% $147,250 MIDDLE RIDGE 2 N/A N/A $350, % 73.7% $201,500 WESTBROOK 1 N/A N/A $175, % 40.0% $125,000 WYREEMA 2 N/A N/A $160, % 17.7% $135,900 SURROUNDS SOUTHERN DOWNS (LGA) 11 N/A N/A $71, % -21.1% $90,000 JUNE QUARTER

28 RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS TOOWOOMBA REGIONAL $ $ CENTENARY HEIGHTS/DARLING HEIGHTS/DRAYTON/GLENVALE/ HARLAXTON/HARRISTOWN/KEARNEY SPRINGS/MIDDLE RIDGE/MOUNT LOFTY/ $ $ NEWTOWN/RANGEVILLE/ROCKVILLE/ TOOWOOMBA/WESTBROOK/WILSONTON 4352 CABARLAH/GOWRIE JUNCTION/ HAMPTON/HIGHFIELDS/HODGSON VALE/KLEINTON/MERINGANDAN/ $ $ RAVENSBOURNE/WITHCOTT/WYREEMA 4355 CROWS NEST/EMU CREEK $255 9 $ PITTSWORTH/MOUNT TYSON $ $ MILLMERRAN $250 7 $ KINGSTHORPE $290 8 $ OAKEY $ $ GOONDIWINDI REGIONAL $ $ INGLEWOOD $ N.A GOONDIWINDI $ $ SOUTHERN DOWNS REGIONAL $ $ ALLORA/HENDON/TALGAI/BERAT/DEUCHAR $280 5 $ WARWICK/ROSENTHAL HEIGHTS/ WOMINA/FREESTONE/MARYVALE $ $ STANTHORPE/BROADWATER/MOUNT TULLY/SEVERNLEA/SUGARLOAF/ $ $ GREENLANDS/PIKEDALE/EUKEY WESTERN DOWNS REGIONAL $ $ DALBY $ $ JANDOWAE N.A. 3 $ CHINCHILLA $ $ MILES $200 9 $ RENTAL MARKET - 2 BED UNITS TOOWOOMBA REGIONAL $ $ CENTENARY HEIGHTS/DARLING HEIGHTS/DRAYTON/GLENVALE/ HARLAXTON/HARRISTOWN/KEARNEY SPRINGS/MIDDLE RIDGE/MOUNT LOFTY/ $ $ NEWTOWN/RANGEVILLE/ROCKVILLE/ TOOWOOMBA/WESTBROOK/WILSONTON 4352 CABARLAH/GOWRIE JUNCTION/ HAMPTON/HIGHFIELDS/HODGSON VALE/KLEINTON/MERINGANDAN/ $ $264 9 RAVENSBOURNE/WITHCOTT/WYREEMA 4401 OAKEY $220 9 $ YARRAMAN $130 5 N.A. 2 GOONDIWINDI REGIONAL $ $ GOONDIWINDI $ $ SOUTHERN DOWNS REGIONAL $ $ WARWICK/ROSENTHAL HEIGHTS/ WOMINA/FREESTONE/MARYVALE $ $ STANTHORPE/BROADWATER/MOUNT TULLY/SEVERNLEA/SUGARLOAF/ $ $205 9 GREENLANDS/PIKEDALE/EUKEY WESTERN DOWNS REGIONAL $ $ DALBY $ $ CHINCHILLA $ $ RENTAL MARKET - 3 BED TOWNHOUSES TOOWOOMBA REGIONAL $ $ CENTENARY HEIGHTS/DARLING HEIGHTS/DRAYTON/GLENVALE/ HARLAXTON/HARRISTOWN/KEARNEY SPRINGS/MIDDLE RIDGE/MOUNT LOFTY/ $ $ NEWTOWN/RANGEVILLE/ROCKVILLE/ TOOWOOMBA/WESTBROOK/WILSONTON SOUTHERN DOWNS REGIONAL $280 7 $300 6 WESTERN DOWNS REGIONAL $ $ DALBY $0 0 N.A CHINCHILLA $ $ QUEENSLAND MARKET MONITOR

29 JUNE QUARTER

30 SUNSHINE COAST The Sunshine Coast residential property market grew over the June quarter. The general sentiment was positive with a large number of residential projects on the horizon and large infrastructure projects supporting job creation. The $1.87 billion Sunshine Coast University Hospital is scheduled for completion in April Another large project is the upgrade of the highway from Brisbane to Gympie, which has an estimated total budget of $490 million. Other potential projects are Maroochydore City Centre, Sunshine Coast Light Rail, International Submarine Broadband Cable, and the Caloundra CBD. All of these projects are still in the early stages and without funding certainty. A $3 billion Harmony development in Palmview commenced in mid-august The year project is expected to create about 9000 jobs and 4800 homes for 12,000 residents. The Harmony project follows the $5 billion Aura development, by Stockland, which commenced in late This project in Caloundra South has a timeline of about 30 years and is expected to create 20,000 homes for about 50,000 residents. The job creation in the area is projected to be about 1700 over the first 12 months and more than 30,000 over the next three decades. Local real estate agents feel optimistic about the performance of the residential property market in the Sunshine Coast with the September quarter potentially reporting very good results for the region. Even though housing supply is increasing, the demand continues exceeding supply which creates market competition and price increases. HOUSE MARKET The Sunshine Coast median sale price in June was $520,000 compared to the Noosa median sale price of $610,000. Noosa appears to be less affordable than other regions in the Sunshine Coast. However, the gap is closing as the annual increase in the median sale price of the Sunshine Coast was 5.2 per cent compared to 2 per cent in Noosa in June The medium-term performance also shows a reduction in the median sale price gap between Noosa and the Sunshine Coast. Noosa five-year median sale price increased by 4.8 per cent compared to the Sunshine Coast five-year median sale price increase of 13.3 per cent. Local real estate agents indicate new housing developments are now meeting demand in terms of quality and specifications, which is a positive trend for the residential property market in the region. Buyers in the area are primarily families and couples downsizing, first-home buyers and people relocating from southern states. It also seems investors started returning to the market after the federal election. The largest activity in the house market remains in the price range between $500,000 and $1 million. The volume of sales for this price range increased from 629 in December 2015 to 698 in March Preliminary data indicates a reduction to 495 sales in the June quarter. Number of listings in the region has reduced over 12 months, triggering a fall in the stock on market from 9.5 per cent in May 2015 to 8.6 per cent in May Local agents have reported an increase in demand for housing below $500,000; however, the stock is not available. Median days on market and vendor discounting improved slightly over 12 months to May 2016 in the Sunshine Coast SD and in the Sunshine Coast LGA. However, Noosa reported a slight increase in both median days on market and vendor discounting. Available vacant land in the Sunshine Coast is usually not flat and is not located in high demand areas close to the coast. Hence, the performance of the land market in a five-year period has not been strong, showing just a small increase in the median sale price of 1.3 per cent. UNIT MARKET The unit market performance is dependent on location and quality. Units developed with an owner-occupied target market keep performing well. However, holiday units with large body corporate fees are struggling. The performance of the unit market in Noosa has exceeded the performance of the Sunshine Coast LGA in June 2016 and over the past five years. Noosa reported a quarter and five-year increase in the median sale price of 2.4 per cent and 8.3 per cent, respectively. The largest sales activity in the region is reported in units priced between $350,000 and $500,000. The March 2016 quarter reported an increase in the unit sales activity of about 40 properties. Preliminary data for the June quarter indicates a downward trend in the volume of sales. The median days on market and vendor discounting indicators have improved over 12 months to June throughout the different area in the Sunshine Coast SD. Median vendor discounting in Noosa reported the largest improvement over the year, falling from 5.7 per cent in May 2015 to five per cent in May However, still one of the largest vendor discounting rates in the southeast corner. 30 QUEENSLAND MARKET MONITOR

31 RENTAL MARKET The Sunshine Coast rental market is strong with high demand from tenants. Vacancy rates throughout the region, except for Noosa, have dropped to levels generally below 1.5 per cent, sitting in the tight range. Noosa, has a cyclical rental market, and generally has higher vacancy rates in the winter period (June quarter). Regardless, Noosa vacancy rates remained at healthy levels, at 2.4 per cent in June The weekly rent for three-bedroom houses and threebedroom townhouses in the Sunshine Coast and Noosa increased by $10 and $25, respectively over the 12 months to June Two-bedroom unit weekly rents remained unchanged in the Sunshine Coast and increased by $35 in Noosa over the 12 months to June Local real estate agents continue hunting for rental properties to meet market demand. Rental yields for houses and units report a downward trend due to the increase in the median sale price Houses<2,400m SUNSHINE COAST & NOOSA HOUSE S <$350K $350K+ $500k+ $1M SUNSHINE COAST & NOOSA UNIT S <$250k $250K+ $350K+ $500k+ $1M+ S MARKET - HOUSES SUBURB/LGA S SUNSHINE COAST (SD) 1004 $525, % $515, % 13.2% $455,000 SUNSHINE COAST (SD) ^ 239 $615, % $615, % 9.8% $560,000 SUNSHINE COAST (LGA) 848 $520, % $510, % 13.3% $450,000 SUNSHINE COAST (LGA) ^ 182 $630, % $620, % 12.7% $550,000 ALEXANDRA HEADLAND 10 N/A N/A $970, % 41.6% $685,000 AROONA 12 N/A N/A $480, % 14.3% $420,000 BATTERY HILL 8 N/A N/A $475, % 9.2% $435,000 BEERWAH 15 N/A N/A $406, % 4.7% $388,000 BIRTINYA 10 N/A N/A $612, % 0.2% $611,000 BLI BLI 28 $468, % $468, % 18.5% $395,000 BOKARINA 3 N/A N/A $626, % 38.9% $451,000 BUDDINA 12 N/A N/A $615, % 16.4% $528,500 BUDERIM 109 $600, % $572, % 13.8% $503,000 BUDERIM ^ 9 N/A N/A $863, % -9.4% $952,500 BURNSIDE 9 N/A N/A $425, % 12.4% $378,000 CALOUNDRA WEST 40 $445, % $455, % 12.3% $405,000 COES CREEK 4 N/A N/A $357, % -8.5% $390,000 COOLUM BEACH 29 $557, % $553, % 23.7% $447,000 CURRIMUNDI 22 $492, % $485, % 16.9% $415,000 DICKY BEACH 5 N/A N/A $743, % 30.4% $570,000 EUMUNDI 4 N/A N/A $480, % 28.0% $375,000 EUMUNDI ^ 13 N/A N/A $780, % 26.8% $615,000 GLASS HOUSE MOUNTAINS 14 N/A N/A $435, % 2.4% $425,000 GLASS HOUSE MOUNTAINS ^ 4 N/A N/A $530, % 14.3% $463,750 GOLDEN BEACH 12 N/A N/A $495, % 12.4% $440,500 KULUIN 12 N/A N/A $445, % 14.5% $388,500 LANDSBOROUGH 6 N/A N/A $375, % 1.4% $370,000 LITTLE MOUNTAIN 30 $510, % $530, % 17.8% $450,000 MALENY 14 N/A N/A $447, % 6.4% $420,500 MALENY ^ 5 N/A N/A $630, % 7.5% $586,000 MARCOOLA 8 N/A N/A $527, % 19.4% $441,335 MAROOCHYDORE 32 $542, % $533, % 22.2% $436,500 MERIDAN PLAINS 13 N/A N/A $459, % 13.6% $404,500 MINYAMA 6 N/A N/A $950, % 25.1% $759,500 MOFFAT BEACH 10 N/A N/A $665, % 7.3% $620,000 MOOLOOLABA 19 N/A N/A $651, % 26.4% $515,000 MOOLOOLAH VALLEY 5 N/A N/A $420, % 5.1% $399,500 MOOLOOLAH VALLEY ^ 6 N/A N/A $581, % 4.8% $555,000 MOUNT COOLUM 18 N/A N/A $575, % 23.7% $465,000 MOUNTAIN CREEK 44 $540, % $540, % 12.5% $480,000 MUDJIMBA 5 N/A N/A $630, % 29.2% $487,500 NAMBOUR 32 $358, % $350, % 7.9% $324,500 NINDERRY ^ 2 N/A N/A $576, % 5.7% $545,000 PACIFIC PARADISE 3 N/A N/A $415, % 8.5% $382,500 PALMWOODS 16 N/A N/A $450, % 4.7% $430,000 PARREARRA 14 N/A N/A $598, % 1.2% $591,250 PELICAN WATERS 40 $660, % $660, % 11.9% $590,000 PEREGIAN SPRINGS 24 $535, % $572, % 11.4% $514,000 SIPPY DOWNS 42 $465, % $470, % 8.0% $435,000 TANAWHA ^ 6 N/A N/A $900, % 28.1% $702,500 TWIN WATERS 14 N/A N/A $722, % 10.6% $653,500 WARANA 12 N/A N/A $558, % 25.5% $445,000 WOOMBYE 13 N/A N/A $430, % 5.5% $407,500 WURTULLA 25 $598, % $542, % 16.0% $467,500 YANDINA 11 N/A N/A $386, % 7.1% $360,500 YAROOMBA 5 N/A N/A $590, % 15.7% $510,000 SUNSHINE COAST & NOOSA LAND S <$250k $250K+ $350K+ $500k+ $1M+ SURROUNDS NOOSA (LGA) 156 $610, % $571, % 4.8% $545,000 NOOSA (LGA) ^ 57 $572, % $590, % -0.8% $595,000 BLACK MOUNTAIN ^ 6 N/A N/A $568, % 6.2% $535,000 COORAN ^ 0 N/A N/A $415, % -7.0% $446,250 COOROIBAH ^ 4 N/A N/A $610, % 11.9% $545,250 COOROY 11 N/A N/A $437, % 6.1% $412,500 DOONAN ^ 11 N/A N/A $692, % -6.4% $740,000 NOOSA HEADS 11 N/A N/A $780, % 21.9% $640,000 NOOSAVILLE 22 $1,095, % $826, % 3.9% $795,000 PEREGIAN BEACH 17 N/A N/A $767, % 26.0% $609,000 JUNE QUARTER

32 S MARKET - HOUSES (CONT D) S MARKET - VACANT LAND SUBURB/LGA S SUBURB S POMONA 9 N/A N/A $430, % 14.7% $375,000 POMONA ^ 11 N/A N/A $502, % -2.9% $517,500 SUNRISE BEACH 10 N/A N/A $675, % 13.0% $597,500 SUNSHINE BEACH 9 N/A N/A $1,055, % 24.9% $845,000 TEWANTIN 53 $512, % $470, % 6.8% $440,000 S MARKET - UNITS & TOWNHOUSES SUNSHINE COAST (SD) 759 $370, % $381, % 5.9% $359,900 SUNSHINE COAST (LGA) 603 $365, % $370, % 5.7% $350,000 ALEXANDRA HEADLAND 36 $389, % $355, % 13.6% $312,625 BATTERY HILL 6 N/A N/A $245, % -1.0% $247,500 BIRTINYA 4 N/A N/A $526, % 4.2% $505,000 BUDDINA 10 N/A N/A $416, % 8.4% $384,000 BUDERIM 45 $350, % $387, % 1.2% $382,500 CALOUNDRA 29 $355, % $367, % -5.7% $390,000 CALOUNDRA WEST 3 N/A N/A $384, % 18.2% $325,000 COOLUM BEACH 26 $368, % $351, % -7.6% $380,000 CURRIMUNDI 9 N/A N/A $385, % 8.6% $355,000 GOLDEN BEACH 21 $369, % $400, % 37.9% $290,000 KINGS BEACH 33 $351, % $370, % -9.8% $410,000 LITTLE MOUNTAIN 1 N/A N/A $387, % 27.0% $305,000 MARCOOLA 25 $265, % $299, % -5.7% $317,500 MAROOCHYDORE 86 $367, % $359, % -3.0% $370,000 MINYAMA 4 N/A N/A $320, % 10.3% $290,000 MOFFAT BEACH 9 N/A N/A $477, % 36.3% $350,000 MOOLOOLABA 59 $370, % $367, % 2.0% $360,000 MOUNT COOLUM 17 N/A N/A $370, % 11.6% $331,500 MOUNTAIN CREEK 11 N/A N/A $373, % 40.8% $265,000 NAMBOUR 22 $306, % $272, % 8.8% $250,000 PARREARRA 15 N/A N/A $467, % -12.6% $535,000 PELICAN WATERS 15 N/A N/A $486, % 17.2% $415,000 PEREGIAN SPRINGS 42 $312, % $288, % 9.7% $262,500 TWIN WATERS 12 N/A N/A $555, % 15.6% $479,990 WARANA 12 N/A N/A $360, % 22.0% $295,000 WURTULLA 5 N/A N/A $384, % 30.8% $293,500 SURROUNDS NOOSA (LGA) 156 $467, % $455, % 8.3% $420,000 COOROY 1 N/A N/A $333, % -5.3% $352,500 NOOSA HEADS 45 $626, % $632, % 2.8% $615,000 NOOSAVILLE 65 $395, % $400, % 14.3% $350,000 PEREGIAN BEACH 8 N/A N/A $417, % 16.8% $357,500 SUNRISE BEACH 7 N/A N/A $420, % -5.6% $445,000 SUNSHINE BEACH 14 N/A N/A $559, % 1.7% $550,000 TEWANTIN 15 N/A N/A $322, % 15.2% $280,000 Sunshine Coast rental market is strong, with high demand from tenants. Vacancy rates throughout the region, except for Noosa, have dropped to levels generally below 1.5 per cent, sitting in the tight range. SUNSHINE COAST (SD) 136 $267, % $257, % 0.6% $256,000 SUNSHINE COAST (SD) ^ 44 $330, % $335, % -1.5% $340,000 SUNSHINE COAST (LGA) 115 $255, % $253, % 1.3% $250,000 SUNSHINE COAST (LGA) ^ 38 $330, % $330, % -5.7% $350,000 BEERWAH 14 N/A N/A $215, % 14.4% $188,000 BIRTINYA 9 N/A N/A $282, % -17.1% $340,000 BLI BLI 11 N/A N/A $262, % 18.2% $222,000 CALOUNDRA WEST 5 N/A N/A $213, % -9.4% $235,000 FOREST GLEN 1 N/A N/A $275, % 18.0% $233,000 GLASS HOUSE MOUNTAINS 4 N/A N/A $205, % 5.7% $194,000 LITTLE MOUNTAIN 2 N/A N/A $240, % -4.8% $252,000 MALENY 0 N/A N/A $232, % 10.7% $210,000 MAROOCHYDORE 11 N/A N/A $236, % 2.3% $231,080 MERIDAN PLAINS 5 N/A N/A $244, % -28.5% $342,450 MOUNTAIN CREEK 9 N/A N/A $317, % 19.0% $266,500 NAMBOUR 0 N/A N/A $181, % 5.2% $173,000 PELICAN WATERS 8 N/A N/A $276, % -17.5% $335,000 PEREGIAN SPRINGS 4 N/A N/A $369, % 57.1% $235,000 SIPPY DOWNS 1 N/A N/A $220, % -5.2% $232,000 YAROOMBA 6 N/A N/A $327, % -3.7% $340,000 SURROUNDS NOOSA (LGA) 21 $350, % $285, % -10.9% $320,000 NOOSAVILLE 4 N/A N/A $345, % 10.2% $313,110 PEREGIAN BEACH 4 N/A N/A $260, % -34.2% $395,000 RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS SUNSHINE COAST REGIONAL $ $ GLASS HOUSE MOUNTAINS $ $ BEERWAH/ PEACHESTER $ $ LANDSBOROUGH/ MT MELLUM $400 5 $ AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE $ $ MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH 4552 BALD KNOB/ BAROON POCKET/ BOOROOBIN/ CONONDALE/ MALENY/ $ $ MOUNTAIN VIEW/ REESVILLE/ WITTA 4553 GLENVIEW/ MOOLOOLAH/ MOOLOOLAH VALLEY/ PALMVIEW $440 7 $ BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA $ $ BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK $ $ COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA $ $ BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ KULANGOOR/ KUREELPA/ MAPLETON/ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN $ $ BRIDGES/ MAROOCHY RIVER/ NINDERRY/ $390 NTH ARM/ VALDORA/ YANDINA/ YANDINA CK 7 $ BELLI PK/ DOONAN/ EERWAH VALE/ $420 EUMUNDI/ VERRIERDALE/ WEBA DOWNS 13 $ MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $ $ ALEXANDRA HEADLAND $450 5 $ CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN $ $ BCH/ PT ARKWRIGHT/ YAROOMBA 4575 BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ $ $ PARREARRA/ WARANA/ WURTULLA NOOSA SHIRE $ $ BLACK MOUNTAIN/ CARTERS RIDGE/ COOROY/ TINBEERWAH $ $ QUEENSLAND MARKET MONITOR

33 RENTAL MARKET - 3 BED HOUSES (CONT D) POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS BOREEN PT/ COOTHARABA/ LAKE 4565 COOTHARABA/ NOOSA PARKLANDS/ $ $ TEEWAH/ TEWANTIN 4566 MUNNA PT/ NOOSAVILLE $ $ CASTAWAYS BCH/ LITTLE COVE/ NOOSA $495 HEADS/ SUNRISE BCH/ SUNSHINE BCH 31 $ POMONA $400 9 $ RENTAL MARKET - 2 BED UNITS SUNSHINE COAST REGIONAL $ $ BEERWAH/ PEACHESTER $ N.A AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE $ $ MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH 4556 BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA $ $ BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK $ $ COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA $ $ BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ KULANGOOR/ KUREELPA/ MAPLETON/ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN $ $ MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $ $ ALEXANDRA HEADLAND $ $ CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN $ $ BCH/ PT ARKWRIGHT/ YAROOMBA 4575 BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ $ $ PARREARRA/ WARANA/ WURTULLA NOOSA SHIRE $ $ BOREEN PT/ COOTHARABA/ LAKE COOTHARABA/ NOOSA PARKLANDS/ $320 6 $ TEEWAH/ TEWANTIN 4566 MUNNA PT/ NOOSAVILLE $ $ CASTAWAYS BCH/ LITTLE COVE/ NOOSA $430 HEADS/ SUNRISE BCH/ SUNSHINE BCH 51 $ RENTAL MARKET - 3 BED TOWNHOUSES SUNSHINE COAST REGIONAL $ $ BEERWAH/ PEACHESTER $325 6 $ AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE $ $ MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH 4556 BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA $ $ BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK $ $ COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA $ $ BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ KULANGOOR/ KUREELPA/ MAPLETON/ $ $ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN 4564 MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $ $ CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN $ $ BCH/ PT ARKWRIGHT/ YAROOMBA 4575 BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ $425 7 $445 8 PARREARRA/ WARANA/ WURTULLA NOOSA SHIRE $ $ MUNNA PT/ NOOSAVILLE $460 7 $ CASTAWAYS BCH/ LITTLE COVE/ NOOSA HEADS/ SUNRISE BCH/ SUNSHINE BCH $ $550 6 JUNE QUARTER

34 FRASER COAST Property demand is driven by owner-occupiers and first-home buyers. The State Government announced an increase of the Great Start Grant from $15,000 to $20,000 and the Building Better Regional Cities Grant of $12,000 has been extended until May Despite the increase in available grants for first-home buyers, demand remains subdued. The rental market also contracted with vacancy rates escalating from 3.2 per cent in March to 4.1 per cent in June, sitting now within the weak range. The State Government budget has committed about $28 million to upgrade the interchange in southern Maryborough, due for completion in May While this is probably the largest infrastructure project in the area, the residential property market does not seem to get any major incentive from local infrastructure investment. The prognosis for the residential property market in Fraser Coast is weak with no major infrastructure projects in the pipeline and market trend indicators showing a fall in demand. HOUSE MARKET For a third consecutive quarter, the median sale price slipped or remained steady. The median sale price for the June quarter dropped to $290,000 and the annual median sale price remained relatively steady at about $302,000. Over the medium term, the median sale price increased at a very slow pace of 2.6 per cent (below annual inflation), evidencing the challenges experienced in the Fraser Coast residential property market. The annual volume of sales showed a slight increase from 1524 transactions in June 2015 to 1553 transactions in June The preliminary quarter volume of sales reported a contraction with the largest volume of sales remaining below $350,000. The market trend indicators are showing a reduction in demand with the median days on market increasing from 78 days in May 2015 to 87 days in May Similarly, the median vendor discount increased from 6.2 per cent to 6.7 per cent over the 12 months to May UNIT MARKET Compared to the house market, the unit market has definitely experienced the largest demand challenge. The unit median sale price contracted over the June quarter by 4.9 per cent from $262,750 to $250,000. The annual contraction was 5.3 per cent and the five-year contraction was 10.5 per cent. Sales activity remained relatively stable over the 12 months period to June, reporting a small increase of 18 transactions over the past year. The largest volume of activity remains in the price range below $250,000. RENTAL MARKET Vacancy rates in the Fraser Coast increased to 4.1 per cent over the June quarter and are now sitting within the weak range. Maryborough vacancy rate remained at around 3 per cent. However, Hervey Bay vacancy rates increased from 3.1 per cent in March to 4.4 per cent in June. The median weekly rent for a three-bedroom house and a two-bedroom unit increased by $5 and $10 in the June 2016 quarter, reaching $290 and $245 per week, respectively. Three-bedroom townhouse median weekly rents remained steady at $320 per week FRASER COAST HOUSE S <$350K $350K+ $500k+ Houses<2,400m FRASER COAST UNIT S 19 <$250k $250K+ $350K+ $500k+ FRASER COAST LAND S <$250k $250K+ $350K Market trend indicators demonstrate a slip in demand with median days on market increasing from 80 days in May 2015 to 91 days in May The median vendor discount jumped from 5 per cent in May 2015 to 6.4 per cent in May QUEENSLAND MARKET MONITOR

35 S MARKET - HOUSES SUBURB S FRASER COAST (LGA) 307 $290, % $302, % 2.6% $295,000 FRASER COAST (LGA) ^ 67 $350, % $382, % 1.4% $377,000 BOORAL ^ 3 N/A N/A $377, % 2.0% $370,000 BURRUM HEADS 14 N/A N/A $345, % -1.9% $351,750 DUNDOWRAN BEACH ^ 6 N/A N/A $540, % 9.1% $495,000 ELI WATERS 9 N/A N/A $325, % 1.9% $319,000 GLENWOOD ^ 10 N/A N/A $210, % -3.0% $216,500 GRANVILLE 7 N/A N/A $208, % -5.5% $220,000 KAWUNGAN 20 $323, % $330, % -0.2% $330,750 MARYBOROUGH 60 $188, % $190, % -14.6% $222,500 PIALBA 7 N/A N/A $289, % -1.1% $293,000 POINT VERNON 39 $300, % $305, % 0.2% $305,000 RIVER HEADS 6 N/A N/A $290, % -3.3% $300,000 SCARNESS 10 N/A N/A $268, % -4.3% $280,000 TINANA 11 N/A N/A $307, % -9.6% $340,000 TOOGOOM 7 N/A N/A $310, % 8.4% $286,000 TORQUAY 25 $320, % $320, % 1.6% $315,000 URANGAN 36 $315, % $312, % -1.3% $316,500 URRAWEEN 21 $336, % $353, % 5.4% $335,000 SURROUNDS GYMPIE (LGA) 110 $270, % $267, % -2.6% $275,000 GYMPIE (LGA) ^ 65 $355, % $350, % 0.4% $348,500 CHATSWORTH ^ 4 N/A N/A $372, % 9.6% $340,000 COOLOOLA COVE 10 N/A N/A $286, % -4.7% $300,000 CURRA ^ 5 N/A N/A $265, % -10.2% $295,000 GYMPIE 53 $240, % $235, % -5.2% $248,000 SOUTHSIDE 10 N/A N/A $332, % 6.1% $313,250 TIN CAN BAY 10 N/A N/A $293, % -16.3% $350,000 RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS FRASER COAST REGIONAL $ $ MARYBOROUGH REGION $ $ HERVEY BAY/PIALBA/SCARNESS/URANGAN $ $ BURRUM/BURRUM HEADS/HOWARD $ $ GYMPIE REGIONAL $ $ GYMPIE/AMAMOOR/CURRA/IMBIL/ KANDANGA/MONKLAND/SOUTHSIDE/ $ $ VICTORY HEIGHTS 4580 COOLOOLA/TIN CAN BAY $ $ SOUTH BURNETT REGIONAL $ $ BARLIL $ $ MP CREEK $ $ ALICE CREEK $ $ BARKER CREEK FLAT $ $ RENTAL MARKET - 2 BED UNITS FRASER COAST REGIONAL $ $ ALDERSHOT $ $ HERVEY BAY/PIALBA/SCARNESS/ URANGAN $ $ GYMPIE REGIONAL $ $ GYMPIE/AMAMOOR/CURRA/IMBIL/ KANDANGA/MONKLAND/SOUTHSIDE/ $ $ VICTORY HEIGHTS 4581 RAINBOW BEACH/INSKIP $250 7 $ SOUTH BURNETT REGIONAL $ $ ALICE CREEK $ $ SOUTH BURNETT (LGA) 49 $185, % $187, % -14.8% $220,000 SOUTH BURNETT (LGA) ^ 27 $217, % $240, % -15.3% $283,500 KINGAROY 24 $222, % $230, % -9.4% $254,000 KINGAROY ^ 6 N/A N/A $320, % -20.9% $404,500 MURGON 9 N/A N/A $129, % -29.7% $183,500 NANANGO 4 N/A N/A $165, % -23.3% $215,000 S MARKET - UNITS & TOWNHOUSES FRASER COAST (LGA) 54 $250, % $243, % -10.5% $272,000 PIALBA 15 N/A N/A $297, % 2.4% $290,000 SCARNESS 6 N/A N/A $263, % -4.0% $274,000 TORQUAY 11 N/A N/A $223, % -4.1% $232,500 URANGAN 14 N/A N/A $260, % -10.3% $290,000 RENTAL MARKET - 3 BED TOWNHOUSES FRASER COAST REGIONAL $ $ HERVEY BAY/PIALBA/SCARNESS/ URANGAN $ $ GYMPIE REGIONAL $275 9 $ GYMPIE/AMAMOOR/CURRA/IMBIL/ KANDANGA/MONKLAND/SOUTHSIDE/ $275 8 $275 8 VICTORY HEIGHTS SURROUNDS GYMPIE (LGA) 11 N/A N/A $251, % 10.2% $227,750 S MARKET - VACANT LAND FRASER COAST (LGA) 69 $150, % $150, % -6.3% $160,000 FRASER COAST (LGA) ^ 51 $71, % $72, % -16.3% $86,000 BURRUM HEADS 10 N/A N/A $105, % -26.8% $143,500 GLENWOOD ^ 29 $65, % $65, % -16.7% $78,000 RIVER HEADS 7 N/A N/A $115, % -20.7% $145,000 TOOGOOM 5 N/A N/A $120, % -21.3% $152,500 WONDUNNA 2 N/A N/A $154, % -11.7% $175,000 SURROUNDS GYMPIE (LGA) 28 $118, % $125, % -0.8% $126,000 GYMPIE (LGA) ^ 13 N/A N/A $120, % -4.0% $125,000 GYMPIE 7 N/A N/A $135, % 4.2% $130,000 The State Government budget has committed about $28 million in financial year 2017 (out of $38 million total project costs) to upgrade the interchange in southern Maryborough for completion in May JUNE QUARTER

36 BUNDABERG After two consecutive quarters without falls in the median sale price, the Bundaberg house market showed a contraction over the June 2016 quarter. Local real estate agents attributed this reduction, in part, to the uncertainty of the Australian federal election. A number of large infrastructure projects have the potential to boost the local economy. These include the $20 million gas pipeline, the $71 million Rubyanna wastewater treatment plant (which includes a $43 million contract with Downer Utilities), the $70 million Knauf Plasterboard plant and the replacement of the Bundaberg Fire and Rescue Station for approximately $7 million. A large 29.5ha residential development site in the Eastern Bundaberg Corridor at Ashfield Road, Kalkie was released to the market during the June 2016 quarter. This site will be in close proximity to the proposed Kepnock Central Shopping Centre, which, if it eventuates, will support the future growth of the eastern part of Bundaberg including the Kalkie-Ashfield development area. Another large project in the region sponsored by the local government is the Bundaberg Region Multi-use Sports and Community Centre. This project will potentially inject about $15 million to the regional economy. Additional funding is being sought from the State Government under the regional infrastructure fund. Job security remains a challenge for the area. The State Government has recently implemented a Back to Work jobs program regional Queensland, which will potentially support the return of long-term unemployed Australians to the job market. The impact of this program has not yet been felt and local residents hope that job opportunities increase soon to boost economic confidence in the region. With more than $175 million committed infrastructure projects and potentially a large number of residential and commercial projects on the horizon, the longterm expectations for the Bundaberg economy and the residential property market are improving and are potentially supporting a recovery of the property market in the area. HOUSE MARKET Buyers are returning to the market and are more active, although the federal election uncertainty triggered a contraction in demand over the June quarter. Interstate investors from Melbourne and Sydney remain active in the house-and-land package market. Despite the apparent improvement in demand, the median sale price for the quarter has dropped to $260,000 or the equivalent of 5.5 per cent over the quarter. On an annual basis, the house median sale price also dropped from $280,000 in June 2015 to $270,000 in June Local real estate agents indicate that the contraction has been partially triggered by a number of properties which previously flooded and were released to the market over the quarter and also buyers dropping the purchase price range. More than 75 per cent of sales volumes is below $350,000. Properties sold above $500,000 represent only 5.2 per cent of the volume of sales. Stock on market has reduced from 9.1 per cent in May 2015 to 8.8 per cent in May 2016 and it remains significantly above other large regional areas in Queensland. The median days on market fell by five days over the last 12 months to May 2016, while the median vendor discount remained relatively stable at 6.8 per cent in May UNIT MARKET The unit median sale price of $287,000 for the quarter has exceeded the house median sale price of $260,000. This trend had not been seen in the region over the past 20 years and could be explained by a larger demand of low-maintenance properties from seniors and self-funded retirees. Units in Bundaberg are generally townhouses and duplexes, which are more appealing for young first-home buyers and self-funded retirees, who drive demand in the unit market. Units are popular because they provide more modern and low-maintenance facilities. The volume of unit sales increased slightly in the March quarter. Sales below $250,000 represented 45 per cent of the total volume of sales in the June quarter. The median days on market has reduced from four months in May 2015 to slightly above three months in May The median vendor discount also showed the same trend as it reduced from 6.9 per cent in May 2015 to 6.4 per cent in May Both indicators sit at a lower range compared to other regional areas in Queensland. This fall could be proof that demand is stabilising in the area. RENTAL MARKET The rental market has softened over the June quarter with vacancy rates increasing from 5.2 per cent in March to 6.3 per cent in June. Similar vacancy rate levels had not been reported in the region since March Due to the low interest rate environment and the reduction in the property prices, tenants are now turning into first home buyers. Tenants, like buyers, are now conscious that market conditions favour them and will shop around before making decisions. Specifically, tenants currently have the power to negotiate weekly rents and select amongst a number of properties. Despite the increase of new bonds for three-bedroom houses over the 12 months to June 2016, the RTA median weakly rent data shows a reduction in the weekly rent from $285 in June 2015 to $280 in June Twobedroom units, on the other hand, reported an increase in the median weekly rent from $225 per week to $230 per week, despite the number of new bonds reduced slightly over the 12 months to June The region continues receiving workers committed to the new infrastructure projects. The impact on the rental market is still to be seen. 36 QUEENSLAND MARKET MONITOR

37 S MARKET - HOUSES SUBURB S BUNDABERG (LGA) 199 $260, % $270, % -5.3% $285,000 BUNDABERG (LGA) ^ 51 $350, % $335, % -2.9% $345,000 AVENELL HEIGHTS 11 N/A N/A $260, % -5.5% $275,000 AVOCA 9 N/A N/A $292, % -5.0% $308,000 BARGARA 29 $399, % $382, % 3.7% $368,500 BRANYAN ^ 7 N/A N/A $335, % -5.9% $356,000 BUNDABERG EAST 6 N/A N/A $257, % -7.2% $277,500 BUNDABERG NORTH 18 N/A N/A $220, % -13.7% $255,000 BUNDABERG SOUTH 8 N/A N/A $243, % -0.6% $245,000 BUNDABERG WEST 7 N/A N/A $235, % -1.9% $239,500 BURNETT HEADS 4 N/A N/A $280, % -2.8% $288,000 CORAL COVE 1 N/A N/A $438, % 9.6% $400,000 KALKIE 10 N/A N/A $357, % -2.1% $365,000 KEPNOCK 11 N/A N/A $262, % -2.8% $270,000 MILLBANK 10 N/A N/A $240, % -5.9% $255,000 NORVILLE 14 N/A N/A $219, % -6.0% $233,000 SVENSSON HEIGHTS 6 N/A N/A $243, % -2.1% $248,500 THABEBAN 5 N/A N/A $251, % -10.3% $280,000 WALKERVALE 10 N/A N/A $226, % -1.1% $228,500 WOODGATE 6 N/A N/A $392, % -10.8% $440,000 BUNDABERG HOUSE S <$350K $350K+ $500k+ Houses<2,400m BUNDABERG UNIT S <$250k $250K+ $350K+ $500k+ SURROUNDS NORTH BURNETT (LGA) 16 N/A N/A $140, % -10.3% $156,000 BUNDABERG LAND S S MARKET - UNITS & TOWNHOUSES BUNDABERG (LGA) 41 $287, % $270, % 8.0% $250,000 AVENELL HEIGHTS 4 N/A N/A $235, % 4.9% $224,000 BARGARA 11 N/A N/A $309, % -9.1% $340, S MARKET - VACANT LAND BUNDABERG (LGA) 40 $146, % $147, % 5.0% $140,000 BUNDABERG (LGA) ^ 10 N/A N/A $152, % 13.0% $135,000 BRANYAN 0 N/A N/A $146, % 12.3% $130,000 <$250k $250K+ $350K+ RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS BUNDABERG REGIONAL $ $ APPLE TREE CREEK/CHILDERS/ WOODGATE $ $ BUNDABERG/AVOCA/BARGARA/ 4670 BURNETT HEADS/INNES PARK/KEPNOCK/ $ $ MILLBANK/THABEBAN 4671 GIN GIN/MOUNT PERRY $ $ NORTH BURNETT REGIONAL $ $ ARANBANGA $ $ BEERON $ $ BANCROFT $180 8 $ RENTAL MARKET - 2 BED UNITS 4670 BUNDABERG REGIONAL $ $ BUNDABERG, AVOCA, BARGARA, BURNETT HEADS, INNES PARK, $ $ KEPNOCK, MILLBANK, THABEBAN RENTAL MARKET - 3 BED TOWNHOUSES 4670 BUNDABERG REGIONAL $ $ BUNDABERG/AVOCA/BARGARA/ BURNETT HEADS/INNES PARK/KEPNOCK/ $ $ MILLBANK/THABEBAN A large 29.5ha residential development site in the Eastern Bundaberg Corridor at Ashfield Road, Kalkie was released to the market during the June 2016 quarter. This site will be in close proximity to the proposed Kepnock Central Shopping Centre, which, if it eventuates, will support the future growth of the eastern part of Bundaberg including the Kalkie- Ashfield development area. JUNE QUARTER

38 GLADSTONE The Gladstone market is probably one of the most challenged markets in Queensland, with median house and unit prices continuing to fall. The resources downturn has hit the area hard. However, in early September the price of coking coal reached $170 a tonne, the highest spot price for more than a year. Naturally, the hope for the state s 29 mines in the Bowen Basin that mine coking coal is that the price continues to rise. The State Government has focused attention on the area and recent projects to launch or move closer to fruition include: An oil refinery plant that will turn waste products, such as tyre rubber, into renewable oil for biofuel The Paluszczuk Government s regional Back To Work jobs program kicked off in Gladstone The first cruise ships welcomed to the Port of Gladstone, bringing tourists to the region A new $17 million marine terminal to be built on Gladstone Port Corporation land will create 100 jobs and ferry passengers, materials and equipment to Curtis Island, supporting both GLNG and QCLNG operations Local agents and property managers report they are continuing to have difficult conversations with investors and vendors, who are struggling to adjust to the steadily slipping prices. HOUSE MARKET The quarterly Gladstone median house price, from 74 transactions, was $331,250, a drop of 6.7 per cent from the last quarter. Compared with 12 months ago, the annual median sale price has dropped 6.9 per cent, from $372,000 to $346,500, and this is 15.5 per cent lower than five years ago, when it was $410,000. The median days on market have pushed out to 79 days from 70 days this time last year, although the market is still moving quicker than Mackay and Fraser Coast. Vendor discounting has moved from 8.1 per cent to 9.6 per cent in 12 months. This is a buyers market and agents report they are flexing their bargaining muscles at the negotiating table. UNIT MARKET The Gladstone unit market reported just 18 transactions this quarter, down from 29 the previous quarter. The median unit price was unable to be calculated due to the small number of transactions over the quarter. The annual median sale price of $280,000 is 1.8 per cent higher than 12 months ago, but 29.4 per cent below the five-year mark, when the median sale price was $396, RENTAL MARKET GLADSTONE HOUSE S 6 44 <$350K $350K+ $500k+ Houses<2,400m GLADSTONE UNIT S GLADSTONE LAND S 0 7 The Gladstone rental market has weathered a tough couple of years, and the June quarter hasn t brought any good news. The gross rental yields for houses fell again, to 3.5 per cent and for units held steady at 3.3 per cent. Over the quarter, the median weekly rents for threebed houses has dropped $30 a week, to $220 a week, and the same can be said for two-bed units which have fallen by about $30 a week to $160 a week, and three-bed townhouses have fallen by around $35 a week to $215 a week <$250k $250K+ $350K <$250k $250K+ $350K+ $500k QUEENSLAND MARKET MONITOR

39 S MARKET - HOUSES S MARKET - VACANT LAND SUBURB S SUBURB S GLADSTONE (LGA) 74 $331, % $346, % -15.5% $410,000 GLADSTONE (LGA) ^ 21 $350, % $360, % -29.6% $511,250 AGNES WATER ^ 5 N/A N/A $302, % -19.3% $375,000 BOYNE ISLAND 6 N/A N/A $380, % -15.4% $449,000 CALLIOPE 5 N/A N/A $340, % -18.1% $415,000 CLINTON 12 N/A N/A $340, % -16.9% $409,000 GLEN EDEN 5 N/A N/A $335, % -26.8% $457,500 KIN KORA 1 N/A N/A $337, % -13.5% $390,000 KIRKWOOD 4 N/A N/A $405, % -22.8% $524,500 NEW AUCKLAND 7 N/A N/A $357, % -12.6% $408,500 SOUTH GLADSTONE 6 N/A N/A $350, % -6.7% $375,000 TANNUM SANDS 10 N/A N/A $420, % -9.2% $462,750 TELINA 4 N/A N/A $395, % -10.2% $440,000 WEST GLADSTONE 4 N/A N/A $250, % -32.4% $370,000 GLADSTONE (LGA) 7 N/A N/A $190, % -1.3% $192,500 KIRKWOOD 1 N/A N/A $197, % -3.2% $204,000 RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS GLADSTONE REGIONAL $ $ AGNES WATER/MIRIAM VALE $ $ GLADSTONE/BOYNE ISLAND/CLINTON/NEW $210 AUCKLAND/KIN KORA/ TANNUM SANDS 227 $ BANANA SHIRE $ $ BILOELA $ $ BAUHINIA $ $ SURROUNDS BANANA (LGA) 24 $155, % $197, % -27.5% $272,500 BILOELA 17 N/A N/A $255, % -11.5% $288,000 S MARKET - UNITS & TOWNHOUSES GLADSTONE (LGA) 18 N/A N/A $280, % -29.4% $396,500 RENTAL MARKET - 2 BED UNITS GLADSTONE REGIONAL $ $ GLADSTONE/BOYNE ISLAND/CLINTON/ NEW AUCKLAND/KIN KORA/ TANNUM $ $ SANDS BANANA SHIRE $ $ BILOELA $250 9 $ RENTAL MARKET - 3 BED TOWNHOUSES 4680 GLADSTONE REGIONAL $ $ GLADSTONE/BOYNE ISLAND/CLINTON/ NEW AUCKLAND/KIN KORA/ TANNUM $ $ SANDS JUNE QUARTER

40 ROCKHAMPTON The June quarter for the Rockhampton residential market was very quiet, with sales volumes very low and the annual median sale price continuing to fall down 6.8 per cent this quarter to $275,000, the lowest it s been in almost nine years. The unit market had too few transactions to extract any meaningful data. Investors are scarce in this marketplace at the moment, and the buyers are mostly owner-occupiers making the most of the ideal buying conditions. Projects such as the Riverbank Revitalisation Project a $36 million development that is intended to revitalise the Fitzroy riverbank along Quay Street and the CBD Master Plan, have yet to break ground and so it will be some time yet before the economic benefits, including jobs and business confidence, find traction. However, these projects, along with the announced Australia-Singapore strategic military partnership that will bring $2.25 billion to our key military bases in Townsville and Rockhampton, can not be underestimated for the positive impact they will have on the local economy. What is less clear is how long it will take for the positive effects to flow through to the property market. HOUSE MARKET With approximately 161 house sales this quarter, roughly 60 fewer than last quarter, the market is continuing to slow. The median house price fell 3.8 per cent to $260,000 and houses spent, on average, 69 days on the market. Median vendor discounting has stretched from 7.7 per cent to 8.1 per cent, the fourth highest of Queensland s major centres, behind Mackay (11 per cent), Gladstone (9.6 per cent) and Townsville (8.2 per cent). As usual, the busiest price point remains the sub- $350,000 price point. Those first-home buyers who are venturing into the market are finding plenty of affordable options. Data to May 2016 indicates that annual listings volumes have remained relatively steady at about 2,270 compared to 12 months ago at 2,240. Our estimations indicate that approximately 39 per cent of listings were converted to sales over the past 12 months compared to 79 per cent in Brisbane LGA. The June quarter data reveals the market is still around 6.8 per cent below the level it was at 12 months ago and almost 11 per cent below levels of five years ago. The short term prognosis remains flat to trending downwards UNIT MARKET The scarcity of investors in the Rocky market has impacted the unit market the most, with only 16 transactions this quarter. With too few transactions in the unit market this quarter to extract meaningful data, we are unable to make a comment about the median price or its movement from last quarter s $297,000.. The Empire Apartment and Hotel, in Rockhampton s riverfront precinct, has reported sales activity this quarter, which is encouraging, with some apartments starting around $435,000. RENTAL MARKET The rental market weakened over the June quarter despite vacancy rates slightly improving and returns for investors remaining steady. The vacancy rate fell fractionally in June, reported as 6.5 per cent this quarter, down from 6.9 per cent. Apart from last quarter, however, it s still the highest it s been since December Indicative gross rental yields for houses slipped from 5.7 per cent to 5.6 per cent, but held steady for units at 4.3 per cent. Data also reveals that the weekly rents dropped in the June quarter, with three-bedroom houses commanding $280 a week compared to $295 a week in the March quarter while units attracted $200 a week in the June quarter, which is $20 less than the previous quarter. The rental market weakened over the June quarter despite vacancy rates slightly improving and returns for investors remaining steady. 40 QUEENSLAND MARKET MONITOR

41 S MARKET - HOUSES SUBURB S ROCKHAMPTON (LGA) 161 $260, % $275, % -11.0% $309,000 ROCKHAMPTON (LGA) ^ 9 N/A N/A $380, % -1.9% $387,500 ALLENSTOWN 10 N/A N/A $250, % -4.8% $262,500 BERSERKER 19 N/A N/A $227, % -11.5% $256,550 FRENCHVILLE 16 N/A N/A $319, % -3.2% $330,000 GRACEMERE 9 N/A N/A $295, % -10.6% $330,000 KAWANA 12 N/A N/A $297, % -6.3% $317,500 KOONGAL 14 N/A N/A $240, % -4.0% $250,000 MOUNT MORGAN 9 N/A N/A $110, % -11.5% $124,250 NORMAN GARDENS 20 $380, % $365, % -17.0% $440,000 PARK AVENUE 17 N/A N/A $230, % -11.2% $259,000 THE RANGE 14 N/A N/A $350, % 0.0% $350,000 WANDAL 12 N/A N/A $290, % 0.9% $287,500 RENTAL MARKET - 2 BED UNITS POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS ROCKHAMPTON REGIONAL $ $ ALLENSTOWN/DEPOT HILL/GREAT KEPPEL IS/ROCKHAMPTON/WANDAL $ $ CENTRAL QLD UNI/ FRENCHVILLE/ KALKA/ KOONGAL/ LAKES CK/ 4701 NERIMBERA/ NTH ROCKHAMPTON/ $ $ OASIS GARDENS/ PK AVENUE PO/ ROCKHAMPTON LIVINGSTONE SHIRE $ $ BAYFIELD/BUNGUNDARRA/BYFIELD/ COOEE BAY/FARNBOROUGH/KEMP 4703 BCH/KINKA BCH/LAMMERMOOR $ $ BCH/STATUTE BAY/TARANGANBA/ WOODBURY/YEPPOON CENTRAL HIGHLANDS REGIONAL $ $ EMERALD $ $ SURROUNDS CENTRAL HIGHLANDS (LGA) 30 $172, % $180, % -50.0% $360,000 BLACKWATER 9 N/A N/A $130, % -61.9% $341,500 EMERALD 19 N/A N/A $240, % -38.7% $391,250 LIVINGSTONE (LGA) 63 $370, % $372, % -0.8% $375,000 LIVINGSTONE (LGA) ^ 28 $490, % $488, % 6.1% $460,000 EMU PARK 6 N/A N/A $310, % -16.2% $370,000 LAMMERMOOR 4 N/A N/A $475, % 10.5% $430,000 YEPPOON 23 $415, % $357, % -7.2% $385,250 ZILZIE 6 N/A N/A $360, % -4.0% $375,000 RENTAL MARKET - 3 BED TOWNHOUSES ROCKHAMPTON REGIONAL $340 5 $ LIVINGSTONE SHIRE $340 7 $ AMBROSE/BANANA/BARALABA/GINDIE/ GRACEMERE/JERICHO/KEPPEL SANDS/ SAPHIRESTANWELL/RUBYVALE/ $340 5 N.A. 2 WESTWOOD/WOORABINDA/WOWAN/ YARAKA CENTRAL HIGHLANDS REGIONAL $ $ EMERALD $230 6 $250 8 S MARKET - UNITS & TOWNHOUSES ROCKHAMPTON (LGA) 16 N/A N/A $299, % 7.7% $277,500 ROCKHAMPTON CITY 4 N/A N/A $457, % 18.8% $385,000 SURROUNDS LIVINGSTONE (LGA) 20 $246, % $342, % 4.6% $327,000 YEPPOON 11 N/A N/A $340, % -5.3% $359, ROCKHAMPTON & LIVINGSTONE HOUSE S S MARKET - VACANT LAND ROCKHAMPTON (LGA) 11 N/A N/A $160, % 18.5% $135,000 GRACEMERE 4 N/A N/A $148, % 10.0% $135,000 NORMAN GARDENS 4 N/A N/A $173, % -1.1% $175, SURROUNDS LIVINGSTONE (LGA) 19 N/A N/A $171, % 10.6% $155,000 HIDDEN VALLEY 2 N/A N/A $175, % -54.2% $382,250 PARKHURST 4 N/A N/A $165, % -25.0% $220,000 ZILZIE 1 N/A N/A $159, % -3.6% $165,000 RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS ROCKHAMPTON REGIONAL $ $ ALLENSTOWN/DEPOT HILL/GREAT KEPPEL IS/ROCKHAMPTON/WANDAL $ $ CENTRAL QLD UNI/ FRENCHVILLE/ KALKA/ 4701 KOONGAL/ LAKES CK/ NERIMBERA/ NTH ROCKHAMPTON/ OASIS GARDENS/ PK $ $ AVENUE PO/ROCKHAMPTON LIVINGSTONE SHIRE $ $ AMBROSE/BANANA/BARALABA/GINDIE/ 4702 GRACEMERE/JERICHO/KEPPEL SANDS/ $270 SAPHIRESTANWELL/RUBYVALE/WESTWOOD/ 68 $ WOORABINDA/WOWAN/YARAKA BAYFIELD/BUNGUNDARRA/BYFIELD/ 4703 COOEE BAY/FARNBOROUGH/KEMP BCH/ $330 KINKA BCH/LAMMERMOOR BCH/STATUTE 72 $ BAY/TARANGANBA/WOODBURY/YEPPOON 4710 EMU PARK/ZILZIE $ $ MOUNT MORGAN $220 9 $ CENTRAL HIGHLANDS REGIONAL $ $ BLACKWATER $ $ EMERALD $ $ <$350K $350K+ $500k+ Houses<2,400m ROCKHAMPTON & LIVINGSTONE UNIT S <$250k $250K+ $350K+ $500k+ ROCKHAMPTON & LIVINGSTONE LAND S <$250k $250K+ $350K+ JUNE QUARTER

42 MACKAY Like many of Queensland s regional markets, Mackay continues to feel the impact of the mining resources downturn. The underpinning economic drivers, such as education, sugar and tourism, are not yet filling the gap that has been left by the mining losses. Jobs are a key driver behind the property market and the June jobless figures from the Department of Employment reveal Mackay s unemployment rate to be 6.2 per cent, which is higher than the national average of 5.7 per cent, and among the highest in the state. As with elsewhere in regional Queensland, the Mackay property market is welcoming young first-home buyers in to the market, who are taking advantage of the good buying conditions. Investors are scarce. In June, the Indian billionaire behind the Adani mine, Gautam Adani, gave an interview with The Australian and expressed disappointment that the mine approval process had stretched out over six years. With two High Court cases yet to be heard, he is hopeful the approvals process will wrap up in early 2017 and he would be able to begin construction. The $16 billion mine is planned to export 60,000 tonnes of coal to India and will provide an estimated 1000 jobs for the region, according to The Australian s report. Once the final go-ahead had been given, and the rail and port facilities constructed, it is thought this would open up the Galilee basin to other mega-mines, with Gina Rinehart currently planning a similar project in partnership with another Indian mining company, GVK. HOUSE MARKET UNIT MARKET The unit market in Mackay is small, with just 26 transactions in the June quarter preliminary data, compared with 29 the previous quarter. The preliminary median sale price for the June quarter is $235,000, just 2.1 per cent below last quarter. This is encouraging and is an indication that the unit market is stabilising. The market has lost 21.3 per cent compared with last year, and 23.3 per cent compared with five years ago. These figures indicate the market may be entering a stabilisation phase. RENTAL MARKET Mackay s vacancy rate is the lowest in two years, and, at 7.7 per cent, represents the fourth fall in eight quarters. However, 7.7 per cent is still high and is among the highest in the state, exceeded by Gladstone, Livingston Shire and the Burdekin. Gross rental yields have held steady for houses at 4.6 per cent, although have dropped slightly for units, to 4.4 per cent. Mackay is almost the cheapest place in Queensland to rent a three-bed house, which would cost just $280 a week. Gladstone is cheaper, at $220 a week median rent. The same three-bedroom house on the Gold Coast would nearly be double, at $460 a week and in Brisbane it would be $420 a week. Median rents for two-bed units held steady at $200 a week and a three-bed townhouse fell slightly to $290 a week. The Mackay market is classified as falling and the median house price fell 6.9 per cent this quarter to deliver a median house price of $316,500. The number of transactions continues to fall, from 219 sales last quarter to 189 sales this quarter in the preliminary data. Taking a longer term view, the annual median house price is $340,000 which is 9.3 per cent down on a year ago and also 16.9 per cent down on five years ago. The suburb of North Mackay has suffered the biggest longterm falls of any suburb in the state, now 31 per cent below the mark set five years ago, with an annual median house price of $245,000, down from $355,000. Blacks Beach and South Mackay have incurred similar losses to median house prices 28.8 per cent and 27 per cent, respectively. As with elsewhere in regional Queensland, the Mackay property market is welcoming young first-home buyers in to the market, who are taking advantage of the good buying conditions. Investors are scarce. This is an area that is doing it tough, with significant losses to the median sale price. The REIQ has lobbied the State Government extensively to broaden the first-home buyers grant to include established homes where it would do enormous good in regional markets such as Mackay. First-home buyers in Mackay (and other regional markets) still face the same challenges as those in metropolitan areas the challenge of getting a deposit together and a broadened first-home buyer grant would help them get into the market and also create demand for the surplus of established homes MACKAY HOUSE S 83 <$350K $350K+ $500k+ Houses<2,400m QUEENSLAND MARKET MONITOR

43 S MARKET - HOUSES SUBURB S MACKAY (LGA) 189 $316, % $340, % -16.9% $409,000 MACKAY (LGA) ^ 19 N/A N/A $440, % -8.3% $480,000 ANDERGROVE 18 N/A N/A $302, % -23.0% $393,000 BEACONSFIELD 8 N/A N/A $340, % -15.0% $400,000 BLACKS BEACH 7 N/A N/A $340, % -28.8% $477,500 BUCASIA 7 N/A N/A $317, % -26.4% $431,500 EAST MACKAY 8 N/A N/A $390, % -7.1% $420,000 EIMEO 9 N/A N/A $352, % -20.3% $442,500 GLENELLA 13 N/A N/A $430, % -16.8% $517,000 MARIAN 7 N/A N/A $415, % -1.9% $423,000 MOUNT PLEASANT 8 N/A N/A $365, % -13.3% $421,000 NORTH MACKAY 6 N/A N/A $245, % -31.0% $355,000 OORALEA 7 N/A N/A $400, % -20.8% $505,000 RURAL VIEW 11 N/A N/A $359, % -21.8% $460,000 SARINA 3 N/A N/A $260, % -16.1% $310,000 SLADE POINT 7 N/A N/A $320, % -13.6% $370,500 SOUTH MACKAY 19 N/A N/A $270, % -27.0% $370,000 WALKERSTON 3 N/A N/A $345, % -21.3% $438,500 WEST MACKAY 20 $288, % $307, % -16.9% $370,000 SURROUNDS ISAAC (LGA) 38 $102, % $120, % -73.3% $450,000 MORANBAH 16 N/A N/A $167, % -65.2% $481,000 RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS MACKAY REGIONAL $ $ SARINA/SARINA BEACH/ARMSTRONG BEACH $ $ MACKAY $ $ VARIOUS ISLANDS/CLAIRVIEW/ETON/ FARLEIGH/FLAGGY ROCK/GARGETT/ MT CHRISTIAN/MT OSSA/OAKENDEN/ $ $320 5 PINNACLE/PLEYSTOWE/SEAFORTH/ YALBOROO 4750 BUCASIA/SEAVIEW HEIGHTS/SHOAL PT $ $ PALMYRA/WALKERSTON $ $ ISAAC REGIONAL $ $ CLERMONT $230 9 N.A NEBO $200 5 $ MORANBAH $ $ DYSART $ $ MIDDLEMOUNT $ $250 5 WHITSUNDAY REGIONAL $ $ CANNON VALLEY/CONWAY/DINGO BCH/ERLANDO BCH/MT JULIAN/MT MARLOW/NTH GREGORY/PROSERPINE/ $ $ RIORDANVALE/STRATHDICKIE/WILSON BCH 4802 AIRLIE BCH/CANNONVALE/JUBILEE/ SHUTE HARBOUR/SHUTEHAVEN/ $ $ WHITSUNDAY 4804 COLLINSVILLE $ $ BOWEN $ $ WHITSUNDAY (LGA) 58 $350, % $355, % -2.5% $364,000 WHITSUNDAY (LGA) ^ 14 N/A N/A $430, % -3.9% $447,500 BOWEN 12 N/A N/A $251, % -31.3% $365,548 CANNONVALE 18 N/A N/A $425, % -3.4% $440,000 PROSERPINE 9 N/A N/A $260, % -15.6% $308,000 S MARKET - UNITS & TOWNHOUSES MACKAY (LGA) 26 $235, % $240, % -23.3% $313,000 MACKAY 6 N/A N/A $242, % -24.4% $320,000 SURROUNDS WHITSUNDAY (LGA) 39 $230, % $285, % 2.0% $280,000 AIRLIE BEACH 11 N/A N/A $359, % -0.6% $361,500 CANNONVALE 18 N/A N/A $258, % -12.2% $295,000 S MARKET - VACANT LAND MACKAY (LGA) 16 N/A N/A $165, % -8.8% $181,000 RURAL VIEW 4 N/A N/A $147, % -29.8% $210,000 SURROUNDS WHITSUNDAY (LGA) 10 N/A N/A $167, % 12.4% $149,000 CANNONVALE 2 N/A N/A $170, % 36.0% $125,000 RENTAL MARKET - 2 BED UNITS MACKAY REGIONAL $ $ SARINA/SARINA BEACH/ ARMSTRONG BEACH $ $ MACKAY $ $ BUCASIA/SEAVIEW HEIGHTS/SHOAL PT $150 8 N.A. 4 ISAAC REGIONAL $ $ MORANBAH $ $ MIDDLEMOUNT $ $250 6 WHITSUNDAY REGIONAL $ $ CANNON VALLEY/CONWAY/DINGO BCH/ERLANDO BCH/MT JULIAN/MT MARLOW/NTH GREGORY/PROSERPINE/ $ $200 9 RIORDANVALE/STRATHDICKIE/WILSON BCH 4802 AIRLIE BCH/CANNONVALE/JUBILEE/ SHUTE HARBOUR/SHUTEHAVEN/ $ $ WHITSUNDAY 4805 BOWEN $ $ RENTAL MARKET - 3 BED TOWNHOUSES MACKAY REGIONAL $ $ MACKAY $ $ ISAAC REGIONAL $ $ MORANBAH $ $ DYSART N.A. 4 $165 6 WHITSUNDAY REGIONAL $ $ AIRLIE BCH/CANNONVALE/JUBILEE/ SHUTE HARBOUR/SHUTEHAVEN/ $ $ WHITSUNDAY 4805 BOWEN $ $300 5 MACKAY UNIT S MACKAY LAND S <$250k $250K+ $350K+ $500k+ <$250k $250K+ $350K+ JUNE QUARTER

44 TOWNSVILLE Townsville s residential property market has experienced some quarterly volatility, with a jump in growth of almost three per cent in the median house price, from $330,000 to $339,685. It is hoped that the region is beginning to emerge from choppy market conditions, although it is still two per cent down on 12 months ago and 8.3 per cent down on five years ago. This quarter 412 houses were sold, down about 100 sales on the March quarter, so sales volumes based on preliminary data appears to be dropping. Overall, the REIQ considers the market is bearing up reasonably well under the job losses from the shutdown of the nickel refinery even though the market is still considered to be a falling market. Recent labour market figures from the Department of Employment put Townsville s June unemployment rate at almost the highest in the state, at 12.6 per cent. This will continue to create instability and volatility in the residential property sector. The state and federal government-backed projects such as Townsville s ring road, which is tracking ahead of schedule and should be completed in early 2017, and the announcement of the North Queensland Football Stadium, have buoyed business confidence in the region, as well as created jobs for more than 1000 workers, softening the impact of the nickel refinery and mining job losses. The State Government has announced it will fast-track many of its construction and roadworks projects, which will bring additional jobs to the region and this will benefit the property sector. HOUSE MARKET With an unexpected result this quarter of 2.9 per cent growth, to deliver a median sale price for houses of $339,685, the Townsville market continues to show some volatility. The March quarter median fell 8.3 per cent from January, so to have growth in the June quarter is very surprising. Likely causal factors include remedial measures from the government, along with the diverse economic drivers such as a significant defence force presence along with significant activity in the commercial sector. As mentioned earlier, the state and federal governments have committed to long-range projects that will deliver jobs to the area. However, the number of jobs needed to offset the losses is in the thousands. The short-term boosts to business confidence will hopefully trigger further investment in the region from the private sector and this will lead to further jobs growth. Even though the June quarter has reported a solid result, the Townsville market remains below previous levels. The annual median sale price (as opposed to the quarterly sale price) of $343,000 is two per cent below 12 months ago and 8.3 per cent below 2011 levels. The most active price point remains the sub-$350,000 mark, indicating that the bulk of buying and selling is being done by wage-earners and this is where the greatest value is to be found. Due to a change in methodology at CoreLogic, the days on market are now calculated differently and the Townsville market is now reporting a median average of 70 days on market compared with 66 days about 12 months ago. Compared with other regional markets Townsville (70 days) is at about the mid-point. It is the fifth-slowest market in Queensland, exceeded by Noosa (76 days), Gladstone (79 days), Mackay (82 days), and Fraser Coast (87 days). UNIT MARKET The median sale price for units in Townsville for the June quarter is $280,000, and while there is a slippage of some points, the market is generally remaining steady compared with 12 months ago. The annual median sale price is $285,000 and this is 0.2 per cent higher than 12 months ago, which is really positive news. Unfortunately, it is still about 11 per cent below the five-year level of $320,000. RENTAL MARKET As mentioned earlier, the jobless rate in Townsville is high, at 12.6 per cent, which is the highest in the state apart from outback Queensland. Surprisingly, however, the impact on the rental market has been limited so far, with investors working to hold on to tenants. The vacancy rate has fallen a fraction in the June quarter, down from 6.0 per cent to 5.7 per cent. This represents the second consecutive fall, with the rate at 6.4 per cent in December, then 6.0 per cent in March and now 5.7 per cent in June. Weekly rents have fallen slightly across three-bed houses and two-bed units, with three-bed houses now fetching $300 a week (down from $310) and two-bed units now commanding $250 a week (down from $260 a week last quarter). The fall for three-bed townhouses has been more dramatic, losing $40 a week to bring in a median average weekly rent of $300 a week. Townsville s residential property market has experienced some quarterly volatility, with a jump in growth of almost three per cent in the median house price, from $330,000 to $339, QUEENSLAND MARKET MONITOR

45 S MARKET - HOUSES S MARKET - HOUSES (CONT D) SUBURB S SUBURB S TOWNSVILLE (LGA) 412 $339, % $343, % -8.3% $374,000 TOWNSVILLE (LGA) ^ 34 $385, % $417, % -5.4% $440,750 AITKENVALE 10 N/A N/A $320, % -6.8% $343,250 ALICE RIVER ^ 5 N/A N/A $490, % 1.0% $485,000 ANNANDALE 23 $390, % $410, % -12.4% $468,000 BOHLE PLAINS 11 N/A N/A $425, % -3.4% $440,000 BURDELL 11 N/A N/A $410, % -3.7% $425,750 BUSHLAND BEACH 16 N/A N/A $384, % -8.0% $417,500 CONDON 14 N/A N/A $299, % -9.2% $330,000 CRANBROOK 14 N/A N/A $281, % -12.6% $321,500 CURRAJONG 5 N/A N/A $265, % -8.6% $290,000 DEERAGUN 2 N/A N/A $285, % -18.1% $347,875 DOUGLAS 21 $405, % $400, % -4.0% $416,750 GULLIVER 12 N/A N/A $278, % -9.0% $305,500 HEATLEY 13 N/A N/A $248, % -16.6% $297,500 HERMIT PARK 12 N/A N/A $341, % -9.7% $377,500 HYDE PARK 4 N/A N/A $366, % 5.1% $348,500 IDALIA 10 N/A N/A $485, % -1.0% $490,000 KELSO 14 N/A N/A $250, % -27.5% $345,000 KIRWAN 47 $329, % $332, % -7.6% $360,000 MOUNT LOUISA 29 $367, % $390, % -5.7% $413,500 MUNDINGBURRA 9 N/A N/A $332, % -11.4% $375,250 NORTH WARD 12 N/A N/A $685, % 17.6% $582,500 OONOONBA 4 N/A N/A $292, % -7.3% $315, Houses<2,400m TOWNSVILLE HOUSE S <$350K $350K+ $500k RAILWAY ESTATE 10 N/A N/A $325, % -1.2% $329,000 RANGEWOOD ^ 1 N/A N/A $507, % 8.3% $468,500 RASMUSSEN 14 N/A N/A $395, % 32.8% $297,500 SOUTH TOWNSVILLE 13 N/A N/A $325, % -9.7% $360,000 THURINGOWA CENTRAL 2 N/A N/A $291, % -15.4% $345,000 VINCENT 4 N/A N/A $250, % -11.3% $282,000 WEST END 8 N/A N/A $352, % -2.2% $360,000 WULGURU 12 N/A N/A $285, % -9.4% $315,000 SURROUNDS BURDEKIN (LGA) 35 $152, % $180, % -25.0% $240,000 AYR 17 N/A N/A $205, % -23.3% $267,250 CHARTERS TOWERS (LGA) 14 N/A N/A $175, % -16.7% $210,000 CHARTERS TOWERS CITY 2 N/A N/A $150, % -21.9% $192,000 HINCHINBROOK (LGA) 12 N/A N/A $220, % -12.0% $250,000 INGHAM 7 N/A N/A $207, % -13.5% $240,000 S MARKET - UNITS & TOWNHOUSES TOWNSVILLE (LGA) 106 $280, % $285, % -10.9% $320,000 BELGIAN GARDENS 1 N/A N/A $325, % -9.7% $360,000 DOUGLAS 1 N/A N/A $265, % -19.7% $330,000 NORTH WARD 21 $288, % $290, % -19.4% $360,000 PIMLICO 2 N/A N/A $200, % -24.5% $265,000 SOUTH TOWNSVILLE 10 N/A N/A $385, % -8.3% $420,000 TOWNSVILLE CITY 17 N/A N/A $366, % -14.8% $430,000 WEST END 7 N/A N/A $173, % -40.6% $292,000 S MARKET - VACANT LAND TOWNSVILLE (LGA) 42 $156, % $159, % -1.5% $161,950 TOWNSVILLE (LGA) ^ 5 N/A N/A $205, % -6.8% $220,000 BOHLE PLAINS 0 N/A N/A $150, % -11.3% $170,000 BURDELL 4 N/A N/A $146, % -13.1% $168,500 BUSHLAND BEACH 3 N/A N/A $159, % 4.6% $152,000 KELSO 3 N/A N/A $133, % -8.0% $145,000 MOUNT LOUISA 3 N/A N/A $175, % 1.8% $171,900 MOUNT LOW 6 N/A N/A $161, % 8.1% $149,000 OONOONBA 1 N/A N/A $141, % -31.3% $205,900 SHAW 3 N/A N/A $159, % -53.2% $339, TOWNSVILLE UNIT S <$250k $250K+ $350K+ $500k+ TOWNSVILLE LAND S <$250k $250K+ $350K RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS TOWNSVILLE CITY $ $ BELGIAN GARDENS/CAPE CLEVELAND/ 4810 CASTLE HILL/NTH WARD/PALLARENDA/ RAILWAY ESTATE/ROWES BAY/ $ $ TOWNSVILLE/WEST END/YARRAWONGA CLUDEN/IDALIA/JAMES COOK UNI/ 4811 MT STUART/OAK VALLEY/OONOONBA/ PARTINGTON/ROSENEATH/SERENE $ $ VALLEY/STUART/WULGURU CURRAJONG/GULLIVER/HERMIT PK/ 4812 HYDE PK/HYDE PK CASTLETOWN/ MUNDINGBURRA/MYSTERTON/PILMICO/ $ $ RISING SUN/ROSSLEA AITKENVALE/CRANBROOK/DOUGLAS, 4814 GARBUTT/HEATLEY/MT ELLIOT/MT $ $ LOUISA/MURRAY/VINCENT 4815 CONDON/KELSO/PINNACLES/RASMUSSEN $ $ ALLIGATOR CK/DUNK IS/GREENVALE/ HIDDEN VALLEY/HOMESTEAD/ JULAGO/MACROSSAN/MAJORS CK/ 4816 MINGELA/MUTARNEE/NELIA/NOME/ $ $ PALM IS/PALUMA/PENTLAND/PRAIRE/ RAVENSWOOD/ROLLINGSTONE/SELLHEIM/ TOONPAN/TORRENS CK/WOODSTOCK ALICE RIVER/BOHLE PLNS/KIRWAN/ 4817 RANGEWOOD/RUPERTSWOOD/ $ $ STABLEFORD/\THURINGOWA CENTRAL JUNE QUARTER

46 46 QUEENSLAND MARKET MONITOR

47 RENTAL MARKET - 3 BED HOUSES (CONT D) POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS BEACH HOLM/BLACK RIVER/BLUE HILLS/BLUEWATER/BOHLE/BURDELL/ 4818 BUSHLAND BCH/CARINYA/CORDELIA/ DEERAGUN/INNES/JENSEN/LYNAM/ MT LOW/PURONO PK/SAUNDERS BCH/ SHAW/TOOLAKEA/YABULU $ $ ARCADIA/ARCADIA BAY/HORSESHOE BAY/ $310 MAGNETIC IS/NELLY BAY/PICNIS BAY 14 $300 8 BURDEKIN SHIRE $ $ ARKENDEITH $260 8 $ AIRVILLE $ $ CHARTERS TOWERS REGIONAL $ $ RICHMOND HILL $ $ HINCHINBROOK SHIRE $ $ ABERGOWRIE $ $ RENTAL MARKET - 2 BED UNITS TOWNSVILLE CITY $ $ BELGIAN GARDENS/CAPE CLEVELAND/ CASTLE HILL/NTH WARD/PALLARENDA/ RAILWAY ESTATE/ROWES BAY/ $ $ TOWNSVILLE/WEST END/YARRAWONGA 4811 CLUDEN/IDALIA/JAMES COOK UNI/ MT STUART/OAK VALLEY/OONOONBA/ PARTINGTON/ROSENEATH/SERENE $ $ VALLEY/STUART/WULGURU 4812 CURRAJONG/GULLIVER/HERMIT PK/ HYDE PK/HYDE PK CASTLETOWN/ MUNDINGBURRA/MYSTERTON/PILMICO/ $ $ RISING SUN/ROSSLEA 4814 AITKENVALE/CRANBROOK/DOUGLAS, GARBUTT/HEATLEY/MT ELLIOT/MT $ $ LOUISA/MURRAY/VINCENT 4815 CONDON/KELSO/PINNACLES/ RASMUSSEN $ $ ALICE RIVER/BOHLE PLNS/KIRWAN/ RANGEWOOD/RUPERTSWOOD/ $ $ STABLEFORD/\THURINGOWA CENTRAL 4818 BEACH HOLM/BLACK RIVER/BLUE HILLS/BLUEWATER/BOHLE/BURDELL/ BUSHLAND BCH/CARINYA/CORDELIA/ DEERAGUN/INNES/JENSEN/LYNAM/ $ $ MT LOW/PURONO PK/SAUNDERS BCH/ SHAW/TOOLAKEA/YABULU 4819 ARCADIA/ARCADIA BAY/HORSESHOE BAY/ MAGNETIC IS/NELLY BAY/PICNIS BAY $ $ BURDEKIN SHIRE $ $ AIRVILLE $ $ CHARTERS TOWERS REGIONAL $ $ RICHMOND HILL $ $ HINCHINBROOK SHIRE $ $ ABERGOWRIE $ $ RENTAL MARKET - 3 BED TOWNHOUSES TOWNSVILLE CITY $ $ BELGIAN GARDENS/CAPE CLEVELAND/ CASTLE HILL/NTH WARD/PALLARENDA/ RAILWAY ESTATE/ROWES BAY/ $450 7 $350 8 TOWNSVILLE/WEST END/YARRAWONGA CURRAJONG/GULLIVER/HERMIT PK/ HYDE PK/HYDE PK CASTLETOWN/ MUNDINGBURRA/MYSTERTON/PILMICO/ $270 7 $365 7 RISING SUN/ROSSLEA ALICE RIVER/BOHLE PLNS/KIRWAN/ RANGEWOOD/RUPERTSWOOD/ $320 6 $310 8 STABLEFORD/\THURINGOWA CENTRAL BEACH HOLM/BLACK RIVER/BLUE HILLS/BLUEWATER/BOHLE/BURDELL/ BUSHLAND BCH/CARINYA/CORDELIA/ DEERAGUN/INNES/JENSEN/LYNAM/ $300 5 N.A. 2 MT LOW/PURONO PK/SAUNDERS BCH/ SHAW/TOOLAKEA/YABULU JUNE QUARTER

48 CAIRNS The Cairns market is one of the most dynamic in Queensland. With a host of exciting projects under construction and on the horizon, the Cairns market is transforming itself. The Cairns median price for houses remained steady this quarter, at $390,000 the same as it was last quarter however the annual median price ($400,000) is 2.6 per cent above where it was 12 months ago and 10.5 per cent above the five year mark. This is proof that the market has regained its equilibrium since the GFC and has withstood the downturn of the mining resources boom which impacted on so much of the state. RENTAL MARKET The Cairns rental market softened slightly, with the gross yield for units falling just a little, to 6.2 per cent and houses holding steady at 4.8 per cent. Three-bed houses held steady at $360 a week, while twobed units fell to $285 a week and three-bed townhouses fell from $350 a week to $330 a week. The future of the $8 billion Aquis development remains unclear, although backers seem to be telling the media with vigour and confidence that the project will go ahead. Media reports suggest that the project will proceed without the casino, with construction expected to begin early Time will tell. A report this quarter revealed that overseas developer Crystal Lagoons will build its first mega-lagoon in Australia, a 2.2 hectare lake which will be the centrepiece of a $200 million master-planned residential community in partnership with developer Botanica Property Group. Projects such as the $50 million Cairns Aquarium are also boosting business confidence. Once completed which should be April 2017 the 7500 sq m aquarium will be larger than the Sydney Aquarium (7000 sq m) and the Melbourne Aquarium (6500 sq m). HOUSE MARKET The Cairns housing market is performing well, even though this quarter s 400 transactions were almost 180 fewer than the March quarter. However, the steady, sustainable growth over the past five years has created good conditions and buyers are searching for bargains throughout the area CAIRNS & DOUGLAS HOUSE S <$350K $350K+ $500k+ Houses<2,400m CAIRNS & DOUGLAS UNIT S Local agents are reporting that sellers are holding off around Yorkey s Knob, understandably waiting to see what will happen with the Aquis development. The median days on market have pushed out from 37 this time last year to 52 in the June quarter of this year. Vendor discounting is 5.6 per cent, which is comparable with other strongly performing regional markets. UNIT MARKET The Cairns unit market, like the housing market, is performing well. The median unit price this quarter is $239,000, which represents 3.9 per cent growth on last quarter. The annual median unit price is $235,000 and this represents 6.8 per cent growth on a year ago. The days on market statistics paint a picture of a slower market, with median days on market for the June quarter at 66, up from 53 this time last year. Vendor discounting has remained the same as this time last year CAIRNS & DOUGLAS LAND S <$250k $250K+ $350K <$250k $250K+ $350K+ $500k+ $1M QUEENSLAND MARKET MONITOR

49 S MARKET - HOUSES S MARKET - UNITS & TOWNHOUSES (CONT D) SUBURB S SUBURB S CAIRNS (LGA) 408 $390, % $400, % 10.5% $362,000 CAIRNS (LGA) ^ 28 $617, % $650, % 8.3% $600,000 BAYVIEW HEIGHTS 18 N/A N/A $380, % 6.6% $356,500 BENTLEY PARK 22 $350, % $360, % 10.8% $325,000 BRINSMEAD 22 $430, % $460, % 15.6% $398,000 BUNGALOW 5 N/A N/A $370, % 29.8% $285,000 CARAVONICA 6 N/A N/A $375, % 1.9% $368,000 CLIFTON BEACH 9 N/A N/A $515, % 17.7% $437,500 EARLVILLE 7 N/A N/A $375, % 24.6% $301,000 EDGE HILL 11 N/A N/A $485, % 9.6% $442,500 EDMONTON 32 $345, % $345, % 9.5% $315,000 FRESHWATER 5 N/A N/A $505, % 2.1% $494,500 GOLDSBOROUGH ^ 3 N/A N/A $515, % 22.6% $420,000 GORDONVALE 9 N/A N/A $310, % 10.1% $281,500 GORDONVALE ^ 3 N/A N/A $647, % 12.6% $575,000 HOLLOWAYS BEACH 8 N/A N/A $402, % 14.9% $350,000 KANIMBLA 7 N/A N/A $500, % 7.2% $466,250 KEWARRA BEACH 15 N/A N/A $430, % 10.3% $390,000 MANOORA 7 N/A N/A $308, % 12.4% $274,000 MANUNDA 4 N/A N/A $315, % 8.8% $289,500 MOOROOBOOL 20 $355, % $375, % 10.6% $339,000 MOUNT SHERIDAN 35 $325, % $365, % 10.1% $331,500 PALM COVE 7 N/A N/A $600, % 26.3% $475,000 PARRAMATTA PARK 4 N/A N/A $443, % 9.5% $405,000 REDLYNCH 23 $492, % $472, % 19.6% $395,000 SMITHFIELD 34 $410, % $415, % 15.3% $360,000 TRINITY BEACH 21 $512, % $495, % 33.4% $371,000 TRINITY PARK 13 N/A N/A $422, % 11.2% $380,000 WESTCOURT 7 N/A N/A $350, % 17.6% $297,500 WHITE ROCK 15 N/A N/A $327, % 17.1% $279,650 WHITFIELD 6 N/A N/A $498, % 10.7% $450,000 WOREE 9 N/A N/A $350, % 14.5% $305,750 SURROUNDS CASSOWARY COAST (LGA) 54 $230, % $237, % -5.9% $252,500 CASSOWARY COAST (LGA) ^ 20 $307, % $330, % -10.2% $367,500 DOUGLAS (LGA) 27 $400, % $440, % 9.9% $400,500 PORT DOUGLAS 10 N/A N/A $512, % 4.6% $490,000 MAREEBA (LGA) 19 N/A N/A $275, % -0.5% $276,500 MAREEBA (LGA) ^ 21 $390, % $460, % 13.9% $404,000 KURANDA ^ 10 N/A N/A $472, % 11.8% $422,500 MAREEBA 14 N/A N/A $270, % -2.4% $276,500 TABLELANDS (LGA) 54 $275, % $300, % 1.3% $296,250 TABLELANDS (LGA) ^ 30 $330, % $395, % 4.3% $378,750 ATHERTON 31 $293, % $306, % -1.3% $310,000 TOLG A ^ 4 N/A N/A $420, % -6.7% $450,000 S MARKET - UNITS & TOWNHOUSES CAIRNS (LGA) 276 $239, % $235, % -5.1% $247,500 BUNGALOW 12 N/A N/A $220, % 22.9% $179,000 CAIRNS CITY 27 $375, % $375, % -10.3% $418,000 CAIRNS NORTH 41 $228, % $240, % -11.3% $270,500 EARLVILLE 9 N/A N/A $217, % -16.5% $260,000 EDGE HILL 7 N/A N/A $185, % -12.9% $212,500 EDMONTON 8 N/A N/A $154, % -15.2% $182,500 FRESHWATER 5 N/A N/A $315, % 24.8% $252,500 MANOORA 24 $153, % $167, % 1.5% $165,000 MANUNDA 13 N/A N/A $140, % -21.3% $178,000 MOOROOBOOL 5 N/A N/A $199, % 2.3% $195,000 PALM COVE 19 N/A N/A $325, % -4.4% $340,000 PARRAMATTA PARK 5 N/A N/A $250, % 4.2% $240,000 TRINITY BEACH 24 $270, % $275, % -1.8% $280,000 WESTCOURT 9 N/A N/A $221, % 48.8% $148,500 WOREE 10 N/A N/A $135, % -6.9% $145,000 YORKEYS KNOB 7 N/A N/A $212, % -9.2% $233,500 SURROUNDS DOUGLAS (LGA) 42 $215, % $216, % 3.1% $210,000 PORT DOUGLAS 36 $210, % $218, % 4.0% $210,000 ATHERTON 7 N/A N/A $215, % 1.4% $212,500 S MARKET - VACANT LAND CAIRNS (LGA) 54 $221, % $208, % 19.4% $175,000 EDMONTON 7 N/A N/A $162, % 14.1% $142,000 GORDONVALE 6 N/A N/A $142, % 13.6% $125,000 KANIMBLA 1 N/A N/A $249, % 13.2% $220,000 KEWARRA BEACH 2 N/A N/A $257, % -25.4% $345,000 REDLYNCH 6 N/A N/A $241, % 38.0% $175,000 SMITHFIELD 9 N/A N/A $214, % 22.7% $175,000 TRINITY PARK 4 N/A N/A $215, % 15.3% $186,500 SURROUNDS CASSOWARY COAST (LGA) 7 N/A N/A $95, % -28.6% $133,000 MISSION BEACH 1 N/A N/A $101, % -31.5% $147,500 DOUGLAS (LGA) 13 N/A N/A $151, % 14.0% $132,500 MAREEBA (LGA) 5 N/A N/A $100, % 8.3% $93,000 MAREEBA 3 N/A N/A $100, % 6.1% $95,000 RENTAL MARKET - 3 BED HOUSES POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS CAIRNS REGIONAL $ $ GORDONVALE $ $ MT SHERIDAN/BAYVIEW HTS/ TARRAWARRA/WHITE ROCK/WOREE $ $ CENTENARY HTS/CENTENARY PK/ EDMONTON/TAMARIND GARDENS $ $ CAIRNS & suburbs OF CAIRNS $ $ CARAVONICA/HOLLOWAYS BCH/LAKE PLACID/MACHANS BCH/MCGREGOR/ SMITHFIELD/SMITHFIELD HTS/ $ $ YORKEYS KNOB 4879 BUCHAN PT/CLIFTON BCH/ELLIS BCH/ KEWARRA BCH/PALM COVE/TRINITY $ $ BCH/TRINITY PK DOUGLAS SHIRE $ $ MOSSMAN/COOYA BEACH/COW BAY/ MIALLO/NEWELL/WONGA $ $ PORT DOUGLAS/CRAIGLIE/MOWBRAY/ OAK BEACH $ $ CASSOWARY COAST REGIONAL $ $ CARDWELL $290 7 N.A BINGIL BAY $ $ BILYANA $ $ BAMBOO CREEK $ $ TABLELANDS REGIONAL $ $ DIMBULAH/KAIRI/MT GARNETT/ TINAROO/WALKAMIN $310 8 $ TOLGA $ $ ATHERTON/UPPER BARON $ $ MALANDA/TARZALI/JAGGAN $280 9 $ HERBERTON/WONDECLA $300 6 N.A RAVENSHOE/EVELYN/MILLSTREAM $ $250 8 MAREEBA SHIRE $ $ MAREEBA/BIBOOHRA $ $ KURANDA/KOAH/SPEEWAH $350 8 $325 7 JUNE QUARTER

50 RENTAL MARKET - 2 BED UNITS POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS CAIRNS REGIONAL $ $ MT SHERIDAN/BAYVIEW HTS/ TARRAWARRA/WHITE ROCK/WOREE $ $ CENTENARY HTS/CENTENARY PK/ EDMONTON/TAMARIND GARDENS $ $ CAIRNS & SUBURBS OF CAIRNS $ $ CARAVONICA/HOLLOWAYS BCH/LAKE PLACID/MACHANS BCH/MCGREGOR/ SMITHFIELD/SMITHFIELD HTS/ $ $ YORKEYS KNOB 4879 BUCHAN PT/CLIFTON BCH/ELLIS BCH/ KEWARRA BCH/PALM COVE/TRINITY $ $ BCH/TRINITY PK DOUGLAS SHIRE $ $ MOSSMAN/COOYA BEACH/COW BAY/ MIALLO/NEWELL/WONGA $ $ PORT DOUGLAS/CRAIGLIE/MOWBRAY/ OAK BEACH $ $ CASSOWARY COAST REGIONAL $ $ CARDWELL $ N.A BINGIL BAY $ $ BILYANA $ $ BAMBOO CREEK $ $ TABLELANDS REGIONAL $ $ ATHERTON/UPPER BARON $ $ MAREEBA SHIRE $ $ MAREEBA/BIBOOHRA $ $ RENTAL MARKET - 3 BED TOWNHOUSES CAIRNS REGIONAL $ $ CAIRNS & suburbs OF CAIRNS $ $395 5 DOUGLAS SHIRE $ $ PORT DOUGLAS/CRAIGLIE/MOWBRAY/ OAK BEACH $ $ QUEENSLAND MARKET MONITOR

51 OTHER REGIONAL S MARKET - HOUSES SUBURB S SOUTH-WEST MARANOA (LGA) 8 N/A N/A $240, % -14.3% $280,000 ROMA 6 N/A N/A $248, % -14.3% $290,000 CHARLEVILLE 1 N/A N/A $126, % -16.4% $151,000 NORTH-WEST MOUNT ISA (LGA) 18 N/A N/A $320, % -7.8% $347,000 COOKTOWN 4 N/A N/A $255, % -22.7% $330,000 S MARKET - VACANT LAND TABLELANDS (LGA) 14 N/A N/A $105, % -5.4% $111,000 ATHERTON 3 N/A N/A $105, % -10.3% $117,000 REGIONAL MARKET UPDATES RENTAL MARKET - 2 BED UNITS POST JUN-16 JUN-15 CODE LOCALITY L $/WEEK NEW BONDS $/WEEK NEW BONDS SOUTH WEST BALONNE SHIRE $140 6 N.A. 2 MARANOA REGIONAL $ $ ROMA $ $ CENTRAL WEST NORTH WEST CLONCURRY SHIRE $ N.A CLONCURRY $ N.A. 1 MOUNT ISA CITY $ $ ALEXANDRIA $ $ FAR NORTH COOK SHIRE $ $ BLOOMFIELD $200 5 $270 5 RENTAL MARKET - 3 BED HOUSES SOUTH WEST BALONNE SHIRE $ $ ST GEORGE $ $ MARANOA REGIONAL $ $ ROMA $ $ MURWEH SHIRE $ $ CHARLEVILLE $ $ CENTRAL WEST LONGREACH REGIONAL $ $ BRIXTON $ $ NORTH WEST CLONCURRY SHIRE $ $ CLONCURRY $ $ MOUNT ISA CITY $ $ ALEXANDRIA $ $ FAR NORTH COOK SHIRE $ $ ALMADEN $ $ BLOOMFIELD $ $ JUNE QUARTER

52 ON THE MARKET INDICATORS ON THE MARKET INDICATORS HOUSES OVER YEAR LGA / REGION TOTAL LISTINGS STOCK ON MARKET DAYS ON MARKET** VENDOR DISCOUNT** TOTAL LISTINGS STOCK ON MARKET DAYS ON MARKET VENDOR DISCOUNT 12MTHS ENDING MAY 2016* * * * 2015 % PTS % PTS QUEENSLAND 108, , % 8.0% % -5.1% -2.1% -0.2% % BRISBANE SD 45,477 45, % 7.2% % -4.5% -0.3% -0.0% % BRISBANE 20,118 20, % 6.6% % -4.4% 0.4% 0.0% % IPSWICH 4,464 4, % 7.8% % -5.4% -7.7% -0.6% % LOGAN 6,839 6, % 7.6% % -4.6% 1.7% 0.1% % MORETON BAY 9,897 10, % 7.7% % -4.2% -1.3% -0.1% % REDLAND 4,159 3, % 8.0% % -4.4% 4.3% 0.3% % GOLD COAST 10,317 10, % 8.3% % -4.6% -0.9% -0.1% % SUNSHINE COAST SD 8,872 9, % 9.5% % -4.7% -9.5% -0.9% % SUNSHINE COAST 7,065 7, % 9.1% % -4.6% -7.2% -0.7% % NOOSA 1,807 2, % 11.3% % -5.2% -17.5% -2.0% 3-0.2% FRASER COAST 3,710 3, % 10.5% % -6.2% -5.5% -0.6% 9-0.5% CAIRNS 3,604 3, % 7.7% % -4.8% 3.1% 0.2% % BUNDABERG 2,943 3, % 9.1% % -6.7% -3.3% -0.3% % GLADSTONE 1,513 1, % 7.6% % -8.1% -9.3% -0.7% 9-1.5% MACKAY 2,580 2, % 7.4% % -9.8% -8.3% -0.6% 6-1.2% ROCKHAMPTON 2,276 2, % 8.1% % -7.7% 1.6% 0.1% % TOOWOOMBA 4,275 4, % 8.5% % -3.7% 1.4% 0.1% % TOWNSVILLE 4,146 4, % 7.5% % -7.6% -8.8% -0.7% 4-0.6% * Figures are preliminary ** Days on Market and Vendor Discount calculation methodology changed from a average calculation to a median calculation Source: REIQ. Data supplied by CoreLogic RP Data Market Trends Median Days On Market - HOUSES *12mths to the end of May Source: REIQ, data supplied by CoreLogic RP Data * % BRISBANE SD Brisbane Ipswich Logan Moreton Bay Redland Gold Coast Sunshine Coast SD Sunshine Coast Noosa Fraser Coast Cairns Bundaberg Gladstone Mackay Rockhampton Toowoomba Townsville -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% * Median Vendor Discounting - HOUSES 52 QUEENSLAND MARKET MONITOR

53 ON THE MARKET INDICATORS UNITS & TOWNHOUSES OVER YEAR LGA / REGION TOTAL LISTINGS STOCK ON MARKET DAYS ON MARKET** VENDOR DISCOUNT** TOTAL LISTINGS STOCK ON MARKET DAYS ON MARKET VENDOR DISCOUNT 12MTHS ENDING MAY 2016* * * * 2015 % PTS % PTS QUEENSLAND 40,492 38, % 8.6% % -4.8% 5.6% 0.5% % BRISBANE SD 15,494 14, % 7.4% % -4.0% 8.1% 0.6% 4 0.1% BRISBANE 10,614 9, % 6.6% % -3.8% 11.4% 0.7% 5 0.0% IPSWICH % 9.1% % -6.3% 15.1% 1.4% 0 1.2% LOGAN 1,523 1, % 10.7% % -4.5% -0.7% -0.1% % MORETON BAY 2,087 2, % 9.4% % -4.3% -0.4% -0.0% 3 0.0% REDLAND % 9.9% % -4.1% 3.5% 0.4% 5-0.3% GOLD COAST 11,948 11, % 9.4% % -5.2% 4.4% 0.4% % SUNSHINE COAST SD 4,903 4, % 10.0% % -4.9% -0.2% -0.0% % SUNSHINE COAST 3,839 3, % 9.9% % -4.8% 0.6% 0.1% % NOOSA 1,064 1, % 10.4% % -5.7% -2.7% -0.3% % FRASER COAST % 14.2% % -5.0% -9.1% -1.3% % CAIRNS 2,141 1, % 8.8% % -5.5% 12.3% 1.1% % BUNDABERG % 11.4% % -6.9% 2.1% 0.2% % GLADSTONE % 6.5% % -9.4% -0.4% -0.0% % MACKAY % 7.9% % -9.8% -4.6% -0.4% 8-5.6% ROCKHAMPTON % 8.2% % -5.8% -3.6% -0.3% % TOOWOOMBA % 7.7% % -3.2% 14.9% 1.1% % TOWNSVILLE 1,206 1, % 9.8% % -8.3% -0.3% -0.0% % * Figures are preliminary ** Days on Market and Vendor Discount calculation methodology changed from a average calculation to a median calculation Source: REIQ. Data supplied by CoreLogic RP Data Market Trends * Median Days On Market - UNITS *12mths to the end of May Source: REIQ, data supplied by CoreLogic RP Data BRISBANE SD Brisbane Ipswich Logan Moreton Bay Redland Gold Coast Sunshine Coast SD Sunshine Coast Noosa Fraser Coast Cairns Bundaberg Gladstone Mackay Rockhampton Toowoomba Townsville 0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0% -16.0% -18.0% * Median Vendor Discounting - UNITS JUNE QUARTER

54 RENTAL MARKET INDICATORS RENTAL MARKET INDICATORS GROSS YIELDS HOUSES UNITS LOCAL GOVERNMENT AREA JUN-16 MAR-16 JUN-16 MAR-16 GREATER BRISBANE BRISBANE 3.4% 3.6% 4.7% 4.9% IPSWICH 4.9% 5.0% 5.8% 5.7% LOGAN 4.8% 4.8% 5.9% 5.7% MORETON BAY 4.4% 4.4% 4.4% 4.8% REDLAND 4.2% 4.1% 4.6% 4.9% TOURISM CENTRES GOLD COAST 4.1% 4.3% 5.3% 5.5% SUNSHINE COAST 4.3% 4.4% 4.8% 4.8% NOOSA 3.8% 4.3% 4.3% 4.5% FRASER COAST 5.2% 5.1% 5.1% 5.1% CAIRNS 4.8% 4.8% 6.2% 6.7% REGIONAL/RESOURCE AREAS BUNDABERG 5.6% 5.3% 4.2% 4.9% GLADSTONE 3.5% 3.8% 3.3% 3.3% MACKAY 4.6% 4.5% 4.4% 4.7% ROCKHAMPTON 5.6% 5.7% 4.3% 4.3% TOOWOOMBA 4.5% 4.4% 4.2% 4.1% TOWNSVILLE 4.6% 4.9% 4.6% 5.2% OTHER REGIONAL AREAS BURDEKIN 8.6% 7.5% 5.2% N/A CASSOWARY COAST 6.6% 7.1% 10.9% 10.6% CENTRAL HIGHLANDS 6.0% 7.2% 4.9% 4.6% CHARTERS TOWERS N/A 8.5% 4.6% N/A DOUGLAS 4.3% 4.2% 7.0% 6.6% GOONDIWINDI N/A 5.8% 4.0% N/A GYMPIE 5.2% 5.3% 5.1% 3.8% HINCHINBROOK N/A 5.7% 1.0% 4.9% ISAAC 10.2% 13.5% 16.6% 8.9% LIVINGSTONE 4.2% 4.0% 5.5% 5.7% LOCKYER VALLEY 6.6% 6.0% 6.4% 5.2% MAREEBA N/A 4.5% 11.3% 4.6% MOUNT ISA N/A 6.8% N/A N/A NORTH BURNETT N/A 9.2% N/A 6.8% SCENIC RIM 4.8% 5.2% 5.3% 5.9% SOMERSET 6.2% 6.5% N/A 4.2% SOUTH BURNETT 6.9% 6.0% 5.5% 7.0% SOUTHERN DOWNS 5.5% 5.8% 3.7% 5.1% TABLELANDS 5.5% 5.0% 4.5% 6.8% WESTERN DOWNS 5.5% 5.0% 3.0% 15.6% WHITSUNDAY 4.3% 5.3% 5.9% 4.7% RESIDENTIAL VACANCY RATES COUNCIL / REGION JUN-16 MAR-16 " (% PTS)" TREND STATUS BRISBANE SD 2.5% 2.6% -0.1 STEADY TIGHT BRISBANE 2.8% 3.0% -0.2 STEADY HEALTHY BRISBANE INNER (0-5KM) 3.4% 3.3% 0.1 STEADY HEALTHY BRISBANE BAL (5-20KM) 2.3% 2.5% -0.3 STEADY TIGHT BRISBANE SURROUNDS 2.0% 2.0% 0.1 STEADY TIGHT IPSWICH 1.1% 1.8% -0.7 DOWN TIGHT LOGAN 2.8% 2.1% 0.7 UP HEALTHY MORETON BAY 1.7% 2.2% -0.6 DOWN TIGHT CABOOLTURE 1.9% 1.6% 0.3 STEADY TIGHT PINE RIVERS 1.8% 3.3% -1.4 DOWN TIGHT REDCLIFFE 1.4% 2.4% -1.0 DOWN TIGHT REDLAND 2.3% 1.7% 0.6 UP TIGHT MAINLAND 2.2% 1.7% 0.5 UP TIGHT BAY ISLANDS 3.8% 2.1% 1.7 UP WEAK GOLD COAST 1.4% 1.5% -0.1 STEADY TIGHT SUNSHINE COAST SD 1.4% 1.5% -0.1 STEADY TIGHT SUNSHINE COAST 1.2% 1.5% -0.2 STEADY TIGHT CALOUNDRA COAST 1.0% 1.2% -0.2 STEADY TIGHT MAROOCHY COAST 1.0% 1.8% -0.8 DOWN TIGHT HINTERLAND* 1.6% 0.9% 0.8 UP TIGHT NOOSA 2.4% 1.4% 1.0 UP TIGHT FRASER COAST 4.1% 3.2% 0.9 UP WEAK HERVEY BAY 4.4% 3.1% 1.2 UP WEAK MARYBOROUGH 3.0% 3.2% -0.2 STEADY HEALTHY CAIRNS 1.9% 2.1% -0.2 STEADY TIGHT BUNDABERG 6.3% 5.2% 1.2 UP WEAK GLADSTONE 10.2% 11.3% -1.1 DOWN WEAK MACKAY 7.7% 8.1% -0.5 DOWN WEAK ROCKHAMPTON 6.5% 6.9% -0.4 DOWN WEAK TOOWOOMBA 2.3% 3.0% -0.7 DOWN TIGHT TOWNSVILLE 5.7% 6.0% -0.3 STEADY WEAK SOUTH BURNETT 6.1% 3.6% 2.5 UP WEAK SOUTHERN DOWNS 3.1% 3.1% 0.0 STEADY HEALTHY WESTERN DOWNS 6.0% 8.4% -2.4 DOWN WEAK WHITSUNDAY 6.0% 10.0% -4.0 DOWN WEAK Vacancy Trend: Steady = +/- 0 to 0.2%pts Up = +0.3% pts or more Down = -0.3% pts or more *Noosa Hinterland included in Sunshine Coast Hinterland Market Status: TIght <2.5% Healthy % Weak >3.5% Source: REIQ Residential Rental Survey Yields comparison based on preliminary data for Jun-2016 N/A: Any region with less than 20 transactions is not included in yield calculations Queensland Market Monitor is published by The Real Estate Institute of Queensland (REIQ). ABN Sales data obtained from Core Logic RP Data ( and median weekly rental data from the Residential Tenancies Authority ( Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ. The State of Queensland (Department of Environment and Resource Management) Based on data provided with the permission of the Department of Natural Resources and Mines: [QVAS 2015]. The Department of Environment and Resource Management makes no representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses and damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. 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