NEW MEDIAN FOR BRISBANE

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1 REIQ QUEENSLAND MARKET MONITOR ISSUE 29 DEC QTR 2015 your state-wide property research guide suburb by suburb QMM STATE-WIDE COMMENTARY NEW FOR BRISBANE The Queensland real estate market continues to perform well, with the southeast corner once again taking the trophy for growth, while regional growth was good in areas, but less consistent. The Brisbane local government area (LGA) has reached a new high of $632,000, capping off 14 consecutive quarters of growth. This represents an increase of 1.6 per cent for the quarter, a rise of 6.1 per cent on 12 months ago and an increase of 14.2 per cent on five years ago. In the southeast corner eight out of nine LGAs recorded either a median house price increase or static price when compared with the previous quarter. In regional Queensland growth was uneven across the local government areas. Townsville is a stabilising market and performed well in the December quarter. However, with the recent news of the nickel refinery redundancies the REIQ is maintaining a watching brief. >p2

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 the time of reporting are published. N/A Due to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated (LGA) Local Government Area Brisbane Statistical Division comprising the LGA s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City Sunshine Coast Region comprising the LGA's of Sunshine Coast Regional and Noosa. # Figures based upon the new council boundaries Brisbane (SD) Sunshine Coast (SD) ^ ~ * f t Y 1 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 Median price changes influenced by varying quality of stock sold Median price changes influenced by varying quantities of new properties sold Median price changes influenced by varying quantities of waterfront properties sold Median price affected by varying quantities of townhouses sold Median price affected by high yielding property sales Median price changes influenced by the varying volumes of sales between the Mainland and Bay Islands areas ON THE MARKET INDICATORS At the time of publication, latest information available was for the 12 months ending the month prior to the current period. "Days on Market" is calculated as the average number of days it has taken to sell those properties sold by private treaty sale during the 12 month period. 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 average 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 during the last 12 months. Auction listings, listings without an advertised asking price and properties sold at or above list price are excluded from the calculation. "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 All 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. Source: REIQ, data obtained from CoreLogic RPData Data report date: 15 February 2016 Published date: 21 March 2016 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. Due to insufficient new bond lodgements, no median N.A. rental price has been calculated Source: Residential Tenancies Authority, Rental Bond lodgements ( 2 QUEENSLAND MARKET MONITOR 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 and townhouses. VACANCY RATES All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents. Only LGAs with a minimum sample size of 10 per cent (based upon number of bonds held by the RTA) are reported on. N/A Due to insufficient information received no vacancy rate has been calculated Source: REIQ Residential Rental Survey

3 REIQ TABLE OF CONTENTS Queensland market update 1 REIQ Explanatory notes 2 Brisbane market updates Brisbane City 6 Greater Brisbane 11 Regional market updates Gold Coast 16 Toowoomba 19 Sunshine Coast 21 Fraser Coast 23 Bundaberg 25 Gladstone 27 Rockhampton 28 Mackay 30 Townsville 32 Cairns 34 Other Regional 36 On The Market Indicators 37 Total Listings % Stock on Market Average Vendor Discount Average Days on Market Rental Market Indicators 39 Gross rental yields Residential vacancy rates The Brisbane house market was once again the strongest market in the state, with a new median house price and a six per cent increase in total listings. STATE-WIDE SUMMARY STATE-WIDE COMMENTARY CONTINUED The State Government has accelerated a $210 million infrastructure program for Townsville, designed to create 480 local jobs. Mackay continues to struggle to find its feet, and had a quiet December quarter in the housing market. However, the apartment market performed well. The employment market in Mackay is looking for a boost and projects on the horizon include the Bruce Highway Ring Road, the Peak Downs Highway Eton Range Realignment Project and the Mackay substation rebuild. Additional expectations rest with the Adani Carmichael mine, which is slowly clearing permit hurdles. HOUSE MARKET The housing market, statewide, was reasonably positive with increases in most markets. The exceptions were Fraser Coast (-7.3 per cent) and Mackay (-3.7 per cent). There were some small drops in areas such as Redland (0.9 per cent), Sunshine Coast SD (-0.5 per cent), Cairns (-1.2 per cent) and Rockhampton (-1.4 per cent), however, these are in line with historical trends of quiet December quarters. The Brisbane house market was once again the strongest market in the state, with a new median house price and a six per cent increase in total listings. The days on market edged out to 78 days from 73 last year, however, vendor discounting is the same, 5.1 per cent. In the regional centres, Gladstone and Townsville surprised everyone and defied expectations to record increases in their respective median house prices. Gladstone lifted by 3.2 per cent to $359,500 while Townsville lifted by 2.1 per cent to $350,000. These results were a welcome boost and, considering December s traditionally quiet trend, were surprising. Local agents in Gladstone and Townsville reported flurries of activity in the final days of December and that has obviously lifted these results in both markets. Managing Editor and Copywriter: Felicity Moore T E. fmoore@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 DECEMBER QUARTER

4 STATE-WIDE SUMMARY LGA PRICE HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400) S ACTIVITY PRICE S ACTIVITY PRICE S ACTIVITY GREATER BRISBANE BRISBANE SD $498, % -4% $395, % -14% $224, % -9% BRISBANE $632, % -3% $429, % -16% $370, % -3% IPSWICH $325, % -17% $291, % 6% $177, % -37% LOGAN $367, % 0% $245, % -13% $193, % 0% MORETON BAY $419, % -2% $325, % 2% $228, % -28% REDLAND $489, % -3% $357, % ~ t -23% $63, % * b 21% TOURISM CENTRES GOLD COAST $552, % -11% $374, % -9% $240, % -13% SUNSHINE COAST SD $505, % -5% $374, % -5% $272, % -9% SUNSHINE COAST $500, % -5% $365, % -6% $269, % ~ -23% NOOSA $540, % ~ -10% $430, % -3% $295, % * f 107%" FRASER COAST $287, % 0% $220, % ~ f -15% $140, % ~ -35% CAIRNS $400, % -11% $225, % -13% $208, % ~ -10% REGIONAL CENTRES BUNDABERG $270, % -8% $260, % ~ 39% $150, % -17% GLADSTONE $359, % ~ -18% N/A N/A 36%" N/A N/A -21%" MACKAY $341, % 7% $280, % ~ 64%" N/A N/A ~ -40%" ROCKHAMPTON $279, % ~ 11% N/A N/A 0% $167, % -4% TOOWOOMBA $352, % -5% $303, % * t -38% $175, % ~ * -8% TOWNSVILLE $350, % 8% $290, % ~ 3% $157, % -20% "Due to low volume of sales, % changes should be used with caution. N/A - not available due to insufficient sales numbers b The median sale price for vacant land in the Redland City LGA is significantly impacted by shifts in the number of property sales on the bay islands versus the number on the mainland in high quality subdivisions. UNIT MARKET Statewide, the sales volumes for apartments softened in the December quarter, even in the apartment powerhouse market of the Gold Coast, where activity was down nine per cent. However, even with fewer sales, the Gold Coast recorded a median price increase of 2.6 per cent to $374,500. The Sunshine Coast also increased its median sale price, up 1.0 per cent, to $365,000. Outside the southeast corner, Townsville once again performed well with a 5.1 per cent lift in median price to $290,000. Mackay s sharp increase in activity (up 64 per cent) and median price (up 12 per cent to $280,000) was off a very small base of 22 sales last quarter, rising to 36 sales in the December quarter. Almost all of the additional sales were within one project, which settled in December, impacting the market data considerably. ON THE MARKET" LGA STOCK ON MARKET HOUSES (ALL) DAYS ON MARKET VENDOR DISCOUNT STOCK ON MARKET UNITS (ALL) DAYS ON MARKET VENDOR DISCOUNT GREATER BRISBANE BRISBANE SD 7.1% % 7.4% % BRISBANE 6.5% % 6.7% % IPSWICH 7.5% % 9.1% % LOGAN 7.6% % 10.4% % MORETON BAY 7.5% % 8.9% % REDLAND 7.9% % 9.1% % TOURISM CENTRES GOLD COAST 8.2% % 9.5% % SUNSHINE COAST SD 9.1% % 9.8% % SUNSHINE COAST 8.8% % 9.7% % NOOSA 10.4% % 10.0% % FRASER COAST 10.0% % 12.9% % CAIRNS 7.6% % 9.1% % REGIONAL QLD BUNDABERG 8.4% % 10.7% % GLADSTONE 7.0% % 6.2% % MACKAY 6.8% % 7.4% % ROCKHAMPTON 7.7% % 7.9% % TOOWOOMBA 8.3% % 7.5% % TOWNSVILLE 6.9% % 9.7% % "All figures are for the 12months ending November 2015 SD - Statistical Division: Brisbane SD (Brisbane, Ipswich, Logan, Moreton Bay & Redland); Sunshine Coast SD (Sunshine Coast & Noosa) 4 QUEENSLAND MARKET MONITOR

5 STATE-WIDE SUMMARY RENTAL TRENDS^ WEEKLY RENT GROSS RENTAL YIELDS LGA 3-BED HOUSE 2-BED FLAT 3-BED TOWNHOUSE HOUSES UNITS GREATER BRISBANE BRISBANE $420 STEADY $400 STEADY $415 STEADY 3.5% STEADY 4.8% STEADY IPSWICH $300 STEADY $260 UP $315 STEADY 4.8% STEADY 4.6% DOWN LOGAN $345 DOWN $270 STEADY $340 STEADY 4.9% STEADY 5.7% STEADY MORETON BAY $350 STEADY $280 STEADY $340 STEADY 4.3% STEADY 4.5% STEADY REDLAND $390 STEADY $340 UP $400 UP 4.1% STEADY 5.0% UP* TOURISM CENTRES GOLD COAST $450 STEADY $380 STEADY $410 UP 4.2% STEADY 5.3% DOWN SUNSHINE COAST $420 STEADY $345 UP $405 DOWN 4.4% STEADY 4.9% STEADY NOOSA $450 UP* $370 UP $480 STEADY 4.3% STEADY 4.5% STEADY FRASER COAST $290 STEADY $240 DOWN $330 UP* 5.2% STEADY 5.7% STEADY CAIRNS $365 UP $290 UP $350 DOWN* 4.7% STEADY 6.7% STEADY REGIONAL QLD BUNDABERG $280 DOWN $230 UP $290 UP 5.4% STEADY 4.6% UP GLADSTONE $260 DOWN* $200 DOWN* $280 DOWN* 3.8% DOWN* N/A N/A MACKAY $280 DOWN $200 DOWN* $290 STEADY 4.3% STEADY 3.7% DOWN* ROCKHAMPTON $290 STEADY $220 STEADY $300 DOWN 5.4% STEADY N/A N/A TOOWOOMBA $300 STEADY $245 DOWN $315 UP 4.4% STEADY 4.2% STEADY TOWNSVILLE $310 UP $260 UP $300 DOWN* 4.6% STEADY 4.7% DOWN* * change greater than $20 (rents) or 0.5 pts (yields) FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE RENTAL MARKET The statewide rental market has followed trends set by the sales market. The southeast corner vacancy rate has remained tight to healthy, while some of the regional centres have eased. In Townsville average median weekly rents have gone up in the three-bed house (to $310) and two-bed unit ($260) categories, along with Cairns (up to $365) and Noosa (up to $450 the most expensive in the state). Regional centres to experience a drop in average median weekly rents include Bundaberg, Gladstone, and Mackay. Gladstone remains the most affordable rental market, with an average median weekly rent of $260 for a threebedroom house, $200 for a two-bedroom flat, and $280 for a three-bedroom townhouse. Cairns has the highest gross rental yield in the state at 6.7 per cent. Logan and Fraser Coast tied for second place at 5.7 per cent. VACANCY RATES LGA/REGION DEC-15 TREND GREATER BRISBANE BRISBANE SD 2.8% STEADY BRISBANE 3.1% STEADY IPSWICH 2.5% DOWN LOGAN 2.9% DOWN MORETON BAY 1.9% STEADY REDLAND 1.6% STEADY TOURISM CENTRES GOLD COAST 1.1% DOWN SUNSHINE COAST SD 1.3% DOWN SUNSHINE COAST 1.4% STEADY NOOSA 0.7% DOWN FRASER COAST 3.5% DOWN CAIRNS 2.5% STEADY REGIONAL QLD BUNDABERG 3.9% STEADY GLADSTONE 10% UP MACKAY 9.3% STEADY ROCKHAMPTON 6.1% DOWN TOOWOOMBA 3.2% DOWN TOWNSVILLE 6.4% STEADY See page 39 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. DECEMBER QUARTER

6 BRISBANE MARKET UPDATES BRISBANE CITY The December quarter is traditionally a quieter quarter in real estate, however Brisbane s December 2015 quarter was reasonably busy, with growth in the median house price pushing to a new high and improving on-the-market conditions. Anecdotal evidence suggests there is continued interest from Sydney and Melbourne buyers who are drawn to Brisbane s affordability. The purchasing power of a property within Brisbane s 10km radius compared with Sydney or Melbourne is stark. Consequently, days on market are the shortest in the state, at 59 days, up from 56 days last year. Vendor discounting has remained steady at 5.5 per cent and apart from the Gold Coast, Moreton Bay and Logan, this is the lowest in Queensland. Inner city apartments are attracting the lion s share of investor interest, however, housing in the middle ring has been thriving also. While talk continues to swirl around an oversupply in the apartment market, the data does not support those conclusions. Market conditions are consistent with a healthy balance between supply and demand levels. HOUSE MARKET Brisbane s median house price has hit a new record of $632,000, growing 1.6 per cent on the previous quarter and 6.1 per cent on a year ago. This growth is in line with recent trends and stretches out Brisbane s growth to 14 consecutive quarters of positive growth (based on rolling 12 month median prices). Suburbs such as Clayfield, which is seven kilometres from the CBD, broke into the million-dollar suburb list with a new median of $1,080,000, up 29.3 per cent on last quarter and up 17.6 per cent on 12 months ago. Other suburbs to crack the million-dollar club this quarter include Hawthorne, Wilston and West End. The busiest price point remains the $350,000 - $500,000 bracket and listings are harder to come by as agents report difficulty keeping the cupboard well-stocked. UNIT MARKET Brisbane s unit and townhouse market was softer this quarter, with the median sale price slipping by 2.1 per cent, to $429,000, and sales activity down 16 per cent. Speculation has begun to mount that the inner-city apartment market may be oversupplied, however, the REIQ does not see evidence of this yet. Rather, the December 2015 data is in line with historical December quarters which have usually been quieter. Local agents indicate strong levels of interest in this part of the market, particularly from southern and overseas investors. The flow of apartments is steady and is not overwhelming demand yet. Whether this changes will remain to be seen. Local agents are also reporting that negative gearing chatter is impacting on enquiry levels, however, it is too early to tell if that will translate to a significant impact on sales. The March and June quarters will be more revealing. RENTAL MARKET The Brisbane rental market has eased from 2.8 per cent to 3.1 per cent, and this remains within the healthy range. As mentioned previously, the December quarter is usually the quietest month for the rental market so a dip is completely in keeping with historical trends. The inner city market, 0-5km ring, eased to 3.8 per cent, further fuelling speculation of an oversupply, but the March and June quarter data sets will shed more light on this. We are seeing steady trends across the rents, with three-bed houses, two-bed units and three-bed townhouses all holding steady this quarter. Gross rental yields are at 3.5 per cent for houses and 4.8 per cent for units and this is a good indication of a steady market where supply and demand factors are well balanced. Market conditions are consistent with a healthy balance between supply and demand levels. 6 QUEENSLAND MARKET MONITOR

7 BRISBANE MARKET UPDATES S MARKET - HOUSES S MARKET - HOUSES (CONT D) OF S OF S BRISBANE (LGA) 3,393 $632, % $615, % 14.2% BRISBANE (LGA) ^ ~ 85 $880, % $968, % -3.2% ACACIA RIDGE 41 $381, % $367, % 3.0% ALBION 6 N/A N/A $730, % 9.3% ALDERLEY 20 $723, % $705, % 9.8% ALGESTER 27 $505, % $484, % 7.4% ANNERLEY 29 $680, % $665, % 11.7% ASCOT ~ 17 $1,400, % $1,269, % 5.8% ASHGROVE 54 $820, % $838, % 13.7% ASPLEY 33 $575, % $540, % 12.3% AUCHENFLOWER 17 $945, % $910, % 17.2% BALD HILLS 24 $406, % $398, % 1.3% BALMORAL 16 $927, % $945, % 11.3% BANYO 22 $585, % $475, % 2.0% BARDON 28 $915, % $845, % 5.9% BELLBOWRIE 25 $520, % $490, % -1.8% BELMONT 13 $625,000 N/A $633, % -4.0% BOONDALL 35 $460, % $456, % 0.1% BRACKEN RIDGE 68 $443, % $447, % 0.4% BRIDGEMAN DOWNS 24 $672, % $732, % 3.7% BRIGHTON ~ 33 $455, % $449, % 7.1% BROOKFIELD ^ ~ 3 N/A N/A $1,200, % -15.3% BULIMBA 20 $1,016, % $1,150, % 21.3% CALAMVALE 53 $660, % $615, % 8.5% CAMP HILL ~ 53 $758, % $751, % 10.4% CANNON HILL 17 $726, % $720, % 18.1% CARINA 24 $618, % $615, % 8.3% CARINA HEIGHTS 18 $605, % $620, % 12.5% CARINDALE 49 $867, % $770, % 3.5% CARSELDINE 26 $590, % $575, % 1.6% CHAPEL HILL 31 $735, % $727, % -0.4% CHELMER ~ f 7 N/A N/A $971, % 25.0% CHERMSIDE 13 $510, % $530, % 21.2% CHERMSIDE WEST 20 $591, % $530, % 10.8% CLAYFIELD ~ 31 $1,080, % $1,062, % -3.4% COOPERS PLAINS 14 $533, % $506, % 8.2% COORPAROO 40 $892, % $780, % 7.0% CORINDA ~ 24 $627, % $652, % 5.6% DARRA 12 $472, % $410, % 0.0% DEAGON 21 $489, % $435, % -2.9% DOOLANDELLA 8 N/A N/A $428, % -3.1% DREWVALE 13 $550, % $541, % -1.1% DURACK 19 $385, % $389, % 0.0% EAST BRISBANE ~ 23 $800, % $785, % 9.6% EIGHT MILE PLAINS 30 $782, % $735, % 6.1% ENOGGERA 23 $625, % $630, % 0.6% EVERTON PARK 47 $581, % $545, % 2.3% FAIRFIELD 7 N/A N/A $625, % 17.7% FERNY GROVE 15 $522, % $529, % 5.4% FIG TREE POCKET 13 $875, % $905, % 3.0% FITZGIBBON 22 $442,000 N/A $439, % 0.0% FOREST LAKE 99 $430, % $410, % 0.3% GAYTHORNE 11 $515,750 N/A $605, % 18.1% GEEBUNG 12 $492,500 N/A $480, % 3.8% GORDON PARK 11 $765, % $735, % 29.5% GRACEVILLE 19 $847, % $760, % 1.9% GRANGE 19 $920, % $857, % 19.5% GREENSLOPES 19 $740, % $707, % 6.6% HAMILTON ~ 16 $920, % $1,132, % -12.2% HAWTHORNE ~ 16 $1,045, % $1,055, % 30.9% HEATHWOOD 10 $594,500 N/A $567, % -5.7% HEMMANT 11 $490,000 N/A $437, % -3.4% HENDRA ~ 26 $985, % $870, % 7.0% HIGHGATE HILL ~ 9 N/A N/A $1,010, % 20.3% HOLLAND PARK 26 $690, % $645, % 11.0% HOLLAND PARK WEST 21 $705, % $648, % 5.9% INALA 35 $342, % $325, % 2.0% INDOOROOPILLY ~ 22 $920, % $835, % 9.2% JAMBOREE HEIGHTS 6 N/A N/A $434, % 3.7% JINDALEE ~ 22 $572, % $525, % -1.0% KANGAROO POINT ~ f 5 N/A N/A $951, % 6.0% KARANA DOWNS 9 N/A N/A $410, % -4.9% KARANA DOWNS ^ 6 N/A N/A $515, % -5.4% KEDRON 38 $715, % $615, % 13.0% KELVIN GROVE 7 N/A N/A $747, % 4.2% KENMORE 40 $671, % $615, % 2.9% KENMORE HILLS 9 N/A N/A $772, % -1.0% KEPERRA 23 $475, % $466, % 5.0% KURABY ~ 24 $677, % $625, % 5.9% LOTA ~ 20 $570, % $560, % 19.3% LUTWYCHE 4 N/A N/A $740, % 23.2% MACGREGOR ~ 19 $724, % $719, % 16.7% MACKENZIE 9 N/A N/A $739, % 10.2% MANLY 25 $745, % $752, % -3.9% MANLY WEST 39 $540, % $545, % 2.0% MANSFIELD 31 $625, % $595, % 8.5% MCDOWALL 18 $640, % $600, % 3.9% MIDDLE PARK 7 N/A N/A $573, % -1.4% MITCHELTON 27 $623, % $588, % 7.9% MOGGILL 13 $537, % $533, % 3.7% MOOROOKA 24 $570, % $571, % 10.5% MORNINGSIDE 34 $651, % $705, % 5.8% MOUNT GRAVATT 16 $625,000 N/A $630, % 13.5% MOUNT GRAVATT EAST 44 $621, % $580, % 16.7% MURARRIE 25 $640, % $650, % 18.8% NEW FARM 20 $1,591, % $1,550, % 18.2% NEWMARKET 13 $915, % $771, % 4.9% NORMAN PARK 31 $841, % $800, % 12.9% NORTHGATE ~ 15 $580, % $615, % 28.9% NUDGEE 17 $575, % $566, % 19.8% NUNDAH 19 $645, % $675, % 15.4% OXLEY 33 $539, % $500, % 7.7% PADDINGTON 45 $954, % $900, % 14.5% PARKINSON 33 $652, % $600, % 9.5% PULLENVALE ^ ~ 15 $935,000 N/A $932, % -18.8% RED HILL 25 $785, % $810, % 16.4% RICHLANDS 3 N/A N/A $421, % -1.1% RIVERHILLS 22 $477, % $462, % -0.8% ROBERTSON ~ 11 $886, % $858, % 9.4% ROCHEDALE 4 N/A N/A $939, % N/A ROCKLEA 7 N/A N/A $390, % 4.2% RUNCORN 32 $548, % $517, % 13.8% SALISBURY 20 $562, % $530, % 8.5% SANDGATE ~ 11 $592, % $591, % 6.6% SEVEN HILLS 11 $632, % $728, % 12.7% SEVENTEEN MILE ROCKS 2 N/A N/A $670, % 5.3% SHERWOOD 11 $850, % $840, % 6.0% SHORNCLIFFE 9 N/A N/A $675, % 13.3% SINNAMON PARK 14 $623, % $617, % -3.5% SPRING HILL 2 N/A N/A $917, % 15.4% ST LUCIA 18 $1,030, % $1,080, % 6.3% STAFFORD 39 $580, % $560, % 12.1% STAFFORD HEIGHTS 25 $578, % $550, % 8.2% STRETTON ~ 17 $793, % $828, % 21.4% SUNNYBANK 40 $756, % $695, % 15.9% SUNNYBANK HILLS 43 $593, % $622, % 14.7% TAIGUM 12 $479, % $480, % 5.9% TARINGA 10 $827, % $840, % 7.7% TARRAGINDI 40 $705, % $695, % 7.5% TENERIFFE 1 N/A N/A $1,465, % 10.9% THE GAP 54 $647, % $622, % 3.1% TINGALPA 25 $531, % $480, % 7.7% TOOWONG 20 $830, % $748, % 7.9% UPPER KEDRON 9 N/A N/A $603, % 3.0% UPPER MOUNT GRAVATT 24 $540, % $585, % 17.4% VIRGINIA 13 $580, % $560, % 16.8% WAKERLEY 34 $707, % $701, % 12.0% WAVELL HEIGHTS 46 $642, % $630, % 12.4% DECEMBER QUARTER

8 BRISBANE MARKET UPDATES S MARKET - HOUSES (CONT D) S MARKET - UNITS & TOWNHOUSES (CONT D) OF S OF S WEST END 12 $1,080, % $999, % 18.4% WESTLAKE 21 $635, % $628, % -0.2% WILSTON 16 $1,100, % $927, % 1.6% WINDSOR 28 $875, % $768, % 4.0% WISHART 35 $680, % $640, % 6.4% WOOLLOONGABBA 17 $735,000 N/A $790, % -3.4% WOOLOOWIN 15 $635, % $777, % 6.5% WYNNUM 55 $635, % $617, % 9.2% WYNNUM WEST 46 $505, % $480, % 8.3% YERONGA ~ 17 $715, % $750, % 5.6% ZILLMERE 31 $450, % $445, % 4.3% S MARKET - UNITS & TOWNHOUSES BRISBANE (LGA) 1,818 $429, % $435, % 4.8% ACACIA RIDGE 6 N/A N/A $348, % -31.0% ALBION ~ * 9 N/A N/A $412, % -6.1% ALDERLEY 17 $375, % $420, % 10.0% ANNERLEY ~ 28 $389, % $386, % 1.6% ASCOT ~ 13 $402, % $426, % 5.4% ASHGROVE 10 $458, % $440, % 11.4% ASPLEY 6 N/A N/A $385, % 3.4% AUCHENFLOWER ~ 22 $480, % $487, % 12.1% BALMORAL 12 $513, % $532, % 6.3% BOWEN HILLS ~ * 20 $420, % $426, % 1.2% BRACKEN RIDGE 13 $350,000 N/A $326, % -8.2% BRIDGEMAN DOWNS 2 N/A N/A $449, % 21.7% BRISBANE CITY 108 $475, % $497, % 7.7% BULIMBA * 19 $538, % $588, % 7.1% CALAMVALE 18 $383, % $387, % 5.7% CAMP HILL 7 N/A N/A $412, % -9.5% CARINA 29 $435, % $460, % 4.5% CARINA HEIGHTS 21 $465, % $485, % 4.9% CARINDALE ~ t 6 N/A N/A $500, % 4.2% CARSELDINE 10 $408, % $390, % 1.3% CHERMSIDE 38 $447, % $414, % -3.6% CLAYFIELD 45 $372, % $377, % 5.2% COOPERS PLAINS 4 N/A N/A $396, % -0.7% COORPAROO ~ 55 $415, % $405, % 6.3% DARRA 7 N/A N/A $330, % -4.9% DOOLANDELLA 2 N/A N/A $339, % 0.6% EAST BRISBANE 25 $417, % $420, % -7.7% EIGHT MILE PLAINS 18 $369, % $407, % 5.7% ENOGGERA 10 $384,000 N/A $337, % -13.4% EVERTON PARK 15 $378, % $398, % -0.1% FITZGIBBON 4 N/A N/A $358, % 6.9% FORTITUDE VALLEY 53 $430, % $445, % 6.0% GAYTHORNE 11 $440, % $438, % 9.3% GORDON PARK 4 N/A N/A $395, % 11.3% GREENSLOPES 29 $353, % $377, % 1.9% HAMILTON ~ 34 $620, % $567, % 18.3% HAWTHORNE ~ 8 N/A N/A $561, % 31.8% HIGHGATE HILL ~ 14 $483, % $527, % 17.2% HOLLAND PARK WEST * 5 N/A N/A $440, % 21.5% INDOOROOPILLY 34 $472, % $470, % 3.3% KANGAROO POINT 55 $522, % $487, % -5.4% KEDRON ~ 18 $421, % $455, % 33.5% KELVIN GROVE 22 $415, % $475, % 11.8% LUTWYCHE 9 N/A N/A $460, % 18.0% MANLY 6 N/A N/A $425, % 0.0% MANLY WEST 5 N/A N/A $370, % -3.3% MCDOWALL 1 N/A N/A $470, % 22.1% MILTON * 7 N/A N/A $510, % -10.5% MITCHELTON 7 N/A N/A $408, % 2.3% MOOROOKA 18 $424, % $423, % 0.7% MORNINGSIDE * 40 $485, % $490, % 8.9% MOUNT GRAVATT 2 N/A N/A $468, % N/A MOUNT GRAVATT EAST * t 17 $435, % $450, % 16.7% MURARRIE 13 $570,000 N/A $570, % -7.5% NEW FARM 68 $520, % $562, % 6.0% NEWMARKET 3 N/A N/A $430, % -5.0% NEWSTEAD ~ 11 $725, % $650, % -10.3% NORMAN PARK 11 $510, % $480, % 0.2% NORTHGATE 9 N/A N/A $403, % 16.9% NUDGEE - N/A N/A $456,000 N/A N/A NUNDAH ~ 49 $419, % $424, % 5.9% OXLEY 8 N/A N/A $360, % -3.9% PADDINGTON 9 N/A N/A $526, % 25.4% RED HILL 7 N/A N/A $441, % 6.4% RICHLANDS 11 $342,900 N/A $346, % -0.3% RUNCORN 16 $352, % $334, % 0.7% SHERWOOD * 14 $459, % $445, % 7.0% SOUTH BRISBANE ~ 32 $498, % $490, % 3.6% SPRING HILL 48 $387, % $406, % 3.9% ST LUCIA 29 $449, % $493, % 10.8% STAFFORD * 5 N/A N/A $447, % 17.3% SUNNYBANK HILLS 8 N/A N/A $343, % -6.3% TAIGUM ~ 18 $305, % $316, % -10.1% TARINGA 43 $420, % $430, % 0.9% TENERIFFE ~ 36 $705, % $591, % 7.4% THE GAP ~ t 6 N/A N/A $510, % 20.0% TINGALPA 7 N/A N/A $357, % 0.5% TOOWONG ~ 44 $446, % $428, % -0.2% UPPER MOUNT GRAVATT ~ t 21 $395, % $395, % -7.4% WAKERLEY 13 $437,000 N/A $423, % -0.3% WEST END ~ * 33 $501, % $564, % 3.0% WINDSOR ~ 9 N/A N/A $412, % 11.5% WISHART 9 N/A N/A $385, % 6.6% WOOLLOONGABBA 4 N/A N/A $425, % 1.2% WYNNUM * 14 $355, % $399, % 2.3% WYNNUM WEST ~ t 12 $311, % $341, % -3.9% YERONGA 26 $489, % $483, % 15.0% ZILLMERE ~ 8 N/A N/A $355, % -4.1% Direct Connect makes moving easy for your customers by arranging their utility connections and other moving solutions. We invite you to experience the difference with us today. CALL US ON or visit agents.directconnect.com.au 8 QUEENSLAND MARKET MONITOR

9 BRISBANE MARKET UPDATES S MARKET - VACANT LAND OF S RENTAL MARKET - 3 BED HOUSES BRISBANE (LGA) 170 $370, % $375, % 23.0% BRISBANE (LGA) ^ 9 N/A N/A $812, % 66.5% BRIDGEMAN DOWNS 19 $375, % $400, % -3.6% CARINDALE 2 N/A N/A $505, % N/A FITZGIBBON * G 8 N/A N/A $180, % -19.4% HEATHWOOD * 26 $279, % $274, % 14.0% KENMORE 5 N/A N/A $430,000 N/A N/A KURABY - N/A N/A $344, % N/A ROCHEDALE 15 $445, % $443, % N/A UPPER KEDRON 14 $341, % $331, % 12.2% BRISBANE CITY $ $ BAYSIDE $ $ WYNNUM $ $ MANLY $ $ CITY INNER $ $ BRISBANE CITY $ $ NEW FARM $ $ BOWEN HILLS $550 5 $ PADDINGTON $ $ TOOWONG $ $ ST LUCIA $500 8 $ SOUTH BRISBANE $ $ WOOLOONGABBA $ $ EAST BRISBANE $ $ NORTH - INNER $ $ ASCOT $ $ ALBION $450 5 N.A CLAYFIELD $ $ NUNDAH $ $ LUTWYCHE $ $ GORDON PARK $ $ ALDERLEY $ $ NORTH - OUTER $ $ NORTHGATE $ $ VIRGINIA $ $ BRACKEN RIDGE $ $ FITZGIBBON $ $ CHERMSIDE $ $ ASPLEY $ $ BALD HILLS $ $ NORTH WEST - INNER $ $ KELVIN GROVE $ $ ASHGROVE $ $ BARDON $ $ NORTH WEST - OUTER $ $ STAFFORD $ $ ARANA HILLS $ $ THE GAP $ $ RENTAL MARKET - 3 BED HOUSES (CONT D) SOUTH - INNER $ $ ANNERLEY $ $ YERONGA $ $ MOOROOKA $ $ GREENSLOPES $ $ HOLLAND PARK $ $ MANSFIELD $ $ SOUTH - OUTER $ $ ROCKLEA $370 5 $ SALISBURY $ $ COOPERS PLAINS $ $ MACGREGOR $ $ ACACIA RIDGE $ $ KURABY $380 6 $ EIGHT MILE PLAINS $ $ ALGESTER $ $ CALAMVALE $ $ SOUTH EAST - INNER $ $ COORPAROO $ $ CAMP HILL $ $ CANNON HILL $ $ BALMORAL $ $ MURARRIE $ $ SOUTH EAST - OUTER $ $ BELMONT $420 8 $ GUMDALE $ $ TINGALPA $ $ HEMANT $400 9 N/A N/A SOUTH WEST - INNER $ $ CHELMER $ $ CORINDA $ $ SOUTH WEST - OUTER $ $ BROOKFIELD $ $ ANSTEAD $ N.A SEVENTEEN MILE ROCKS $ $ JINDALEE $ $ DARRA $ $ DOOLANDELLA $ $ FOREST LAKE $ $ BRISBANE CITY UNIT S (p) <$250k $250K+ $350K+ $500K+ $1M+ BRISBANE CITY LAND S (p) BRISBANE CITY HOUSE S (p) <$250k $250K+ $350K+ $500K+ <$350k $350K+ $500K+ $1M+ DECEMBER QUARTER

10 BRISBANE MARKET UPDATES RENTAL MARKET - 2 BED UNITS BRISBANE CITY $ $ BAYSIDE $ $ WYNNUM $ $ MANLY $ $ CITY INNER $ $ BRISBANE CITY $ $ NEW FARM $ $ BOWEN HILLS $ $ PADDINGTON $ $ TOOWONG $ $ ST LUCIA $ $ SOUTH BRISBANE $ $ WOOLOONGABBA $ $ EAST BRISBANE $ $ NORTH - INNER $ $ ASCOT $ $ ALBION $ $ CLAYFIELD $ $ NUNDAH $ $ LUTWYCHE $ $ GORDON PARK $ $ ALDERLEY $ $ NORTH - OUTER $ $ NORTHGATE $ $ VIRGINIA $ N/A N/A 4017 BRACKEN RIDGE $ $ FITZGIBBON $300 9 $ CHERMSIDE $ $ ASPLEY $ $ NORTH WEST - INNER $ $ KELVIN GROVE $ $ ASHGROVE $ $ BARDON $ $310 9 NORTH WEST - OUTER $ $ STAFFORD $ $ SOUTH - INNER $ $ ANNERLEY $ $ YERONGA $ $ MOOROOKA $ $ GREENSLOPES $ $ HOLLAND PARK $ $ MANSFIELD $ $ SOUTH - OUTER $ $ ROCKLEA $250 8 N.A COOPERS PLAINS $ $ MACGREGOR $ $ ACACIA RIDGE $290 6 N/A N/A 4115 ALGESTER $290 5 $350 5 SOUTH EAST - INNER $ $ COORPAROO $ $ CAMP HILL $ $ CANNON HILL $ $ BALMORAL $ $ SOUTH EAST - OUTER $307 6 N.A. 4 SOUTH WEST - INNER $ $ CHELMER $ $ CORINDA $ $ SOUTH WEST - OUTER $ $ FOREST LAKE $340 7 $330 9 RENTAL MARKET - 3 BED TOWNHOUSES BRISBANE CITY $ $ BAYSIDE $ $ WYNNUM $ $ CITY INNER $ $ PADDINGTON $600 7 $ TOOWONG $550 8 $ SOUTH BRISBANE $ $650 6 NORTH - INNER $ $ CLAYFIELD $ $ NUNDAH $ $ LUTWYCHE $ $ ALDERLEY $ $ NORTH - OUTER $ $ FITZGIBBON $ $ CHERMSIDE $ $ ASPLEY $ $ NORTH WEST - INNER $ $ KELVIN GROVE $500 7 N.A. 2 NORTH WEST - OUTER $ $ STAFFORD $ $ SOUTH - INNER $ $ ANNERLEY $ $ YERONGA $ $ MOOROOKA $ $ MANSFIELD $ $ SOUTH - OUTER $ $ MACGREGOR $ $ ACACIA RIDGE $ $ EIGHT MILE PLAINS $ $ SOUTH EAST - INNER $ $ CAMP HILL $ $ CANNON HILL $ $ SOUTH WEST - INNER $ $ CHELMER $ $ CORINDA $ $ SOUTH WEST - OUTER $ $ DARRA $ $ DOOLANDELLA $ $ DID YOU KNOW? YOU CAN GET WEEKLY RENTS FOR OTHER PROPERTY TYPES ONLINE AT 10 QUEENSLAND MARKET MONITOR

11 GREATER BRISBANE BRISBANE MARKET UPDATES The median house price of Brisbane Statistical Division, also known as Greater Brisbane, (comprising the LGAs Brisbane, Ipswich, Logan, Moreton Bay and Redland) rose three per cent to $498,425 in the December quarter. Both Logan and Redland recorded higher median house prices, while Ipswich remained steady. The only LGA to drop was Redland and it slipped by a mere 0.9 per cent. Investor interest from interstate and overseas continues to underpin the sales markets of the Greater Brisbane area and as long as prices remain affordable and interest rates remain low, this will likely continue. The rental markets throughout Greater Brisbane remain tight and demand for rental property is mounting upward pressure on rents in Ipswich and Redland. HOUSE MARKET For the December quarter, Brisbane Statistical Division (SD) recorded a three per cent bump in median house price, rising from $483,991 to $498,425. Sales activity is down slightly, recording a drop of around four per cent. The most active price band remains the $250,000 to $350,000, however the sub-$250,000 was a close second, with 203 transactions compared with 259 transactions in the higher bracket. Moreton Bay continues to hold the title as the strongest performing house market in Greater Brisbane, with just 72 days on market for houses and just 5.2 per cent vendor discounting. It is also the busiest, with 1326 sales. Logan recorded a 1.9 per cent lift in median sale price, although no change to its sales volumes. Ipswich recorded the largest change in sales activity, dropping 17 per cent over the quarter, although it was coming off a very busy September quarter. Even with the quieter sales volumes, Ipswich maintained its median sale price of $325,000 the same as the September quarter. Local agents report a strong level of enquiry and have suggested the March quarter figures will be a return to busier times for Ipswich. UNIT MARKET The Greater Brisbane apartment market recorded a slight dip of 1.1 per cent to its median sale price, to $395,500 and this trend is in keeping with the rest of the state, where apartments softened across the board. All local government areas within Greater Brisbane recorded a slip in apartment prices. Ipswich increased its listings for the quarter and accordingly, days on market edged out slightly. Additionally, all markets recorded a drop in sales activity, except Ipswich, which reported an increase in apartment sales by six per cent, and Moreton Bay, which increased its apartment sale activity by two per cent. RENTAL MARKET Rental markets throughout Greater Brisbane remain in the tight to healthy range and it is only the inner city of Brisbane (0-5km) where vacancies have become weak, at 3.8 per cent. Accordingly, rents have remained largely, very steady. Only Logan s three-bed house market dropped in average rent to $345. Ipswich and Redland two-bed flats increased their average weekly rents. Townhouses are very popular in Redland and a threebed townhouse rents for almost the same as a Brisbane townhouse, with tenants paying an average $400 a week in Redland compared with $415 in Brisbane. Investors in Logan are getting the highest gross rental yield in Greater Brisbane, with units attracting a gross yield of 5.7 per cent. They are well ahead of investors in second-placed Redlands (5.0 per cent) and third-placed Brisbane City (4.8 per cent). Townhouses are very popular in Redland and a three-bed townhouse rents for almost the same as a Brisbane townhouse. DECEMBER QUARTER

12 BRISBANE MARKET UPDATES S MARKET - HOUSES S MARKET - HOUSES (CONT D) OF S OF S BRISBANE (SD) 6,755 $498, % $482, % 5.9% BRISBANE (SD) ^ 501 $580, % $585, % 0.0% IPSWICH (LGA) 597 $325, % $320, % 0.8% IPSWICH (LGA) ^ 54 $485, % $480, % -5.0% AUGUSTINE HEIGHTS 13 $480, % $487, % -6.4% BELLBIRD PARK 16 $395, % $335, % 3.4% BOOVAL 11 $265, % $275, % -9.4% BRASSALL 40 $322, % $322, % -7.4% BROOKWATER ~ * 0 N/A N/A N/A N/A N/A BUNDAMBA 13 $281, % $279, % 0.9% CAMIRA 13 $355, % $352, % -4.0% COALFALLS 3 N/A N/A $299, % -15.0% COLLINGWOOD PARK 30 $310, % $315, % -4.4% DEEBING HEIGHTS 8 N/A N/A $380, % N/A EAST IPSWICH ~ 10 $250, % $269, % -4.1% EASTERN HEIGHTS 13 $312, % $270, % -0.2% FLINDERS VIEW ~ 14 $307, % $349, % -5.9% GAILES 2 N/A N/A $245, % -7.7% GOODNA 28 $300, % $290, % -6.7% IPSWICH ~ 4 N/A N/A $330, % -9.5% KARALEE ^ 13 $437, % $510, % -1.0% LEICHHARDT 12 $239, % $225, % -11.8% NEWTOWN 10 $354,500 N/A $330, % -7.1% NORTH BOOVAL 11 $283, % $277, % -13.8% NORTH IPSWICH 18 $258, % $265, % -11.6% ONE MILE 14 $226, % $235, % -8.6% RACEVIEW 30 $320, % $307, % -3.6% REDBANK 6 N/A N/A $303, % -9.0% REDBANK PLAINS 63 $314, % $310, % 1.5% RIVERVIEW 11 $237, % $230, % -5.8% ROSEWOOD 7 N/A N/A $271, % -6.8% SADLIERS CROSSING 6 N/A N/A $325, % 0.9% SILKSTONE 13 $288, % $271, % -2.2% SPRINGFIELD 32 $399, % $396, % -1.4% SPRINGFIELD LAKES 66 $426, % $415, % 1.3% YAMANTO 23 $377, % $415, % 7.1% LOGAN (LGA) 911 $367, % $360, % 0.0% LOGAN (LGA) ^ 167 $525, % $533, % 4.2% BEENLEIGH 26 $305, % $305, % -8.0% BETHANIA 20 $309,000 N/A $308, % -6.0% BORONIA HEIGHTS 34 $317, % $315, % 1.6% BROWNS PLAINS 20 $318, % $319, % -1.9% CEDAR GROVE ^ 3 N/A N/A $430, % 6.8% CEDAR VALE ^ 7 N/A N/A $463, % -3.4% CHAMBERS FLAT ^ 7 N/A N/A $540, % N/A CORNUBIA ^ 2 N/A N/A $730, % 1.0% CORNUBIA ~ 22 $518, % $495, % -0.9% CRESTMEAD 39 $320, % $310, % -7.3% DAISY HILL 33 $450, % $450, % 4.6% EAGLEBY 47 $277, % $272, % -12.9% EDENS LANDING 37 $338, % $334, % -4.2% FORESTDALE ^ 8 N/A N/A $741, % -3.4% GREENBANK ^ 23 $562, % $532, % 1.5% HERITAGE PARK 20 $419, % $420, % -3.6% HILLCREST 14 $382, % $341, % -5.3% HOLMVIEW 13 $357, % $357, % 13.3% JIMBOOMBA 9 N/A N/A $375, % -5.6% JIMBOOMBA ^ 31 $490, % $465, % -5.5% KINGSTON 34 $305, % $293, % -3.0% LOGAN CENTRAL 14 $313, % $297, % -3.1% LOGAN RESERVE 7 N/A N/A $374, % -5.6% LOGAN VILLAGE ^ 8 N/A N/A $500, % -3.3% LOGANHOLME 31 $370, % $390, % -5.7% LOGANLEA 15 $350, % $340, % -1.7% MARSDEN 57 $358, % $340, % -3.5% MEADOWBROOK 6 N/A N/A $380, % -4.5% MOUNT WARREN PARK 20 $373, % $348, % -7.4% MUNRUBEN ^ 9 N/A N/A $521, % -2.9% NEW BEITH ^ 8 N/A N/A $558, % 3.8% REGENTS PARK 64 $380, % $370, % -3.5% ROCHEDALE SOUTH 53 $487, % $459, % 7.1% SHAILER PARK 48 $505, % $518, % 3.2% SLACKS CREEK 31 $335, % $318, % 1.7% SPRINGWOOD 33 $473, % $465, % 4.4% TANAH MERAH 26 $379, % $414, % -0.5% UNDERWOOD 26 $491, % $499, % 9.0% WATERFORD 18 $415, % $390, % -7.5% WATERFORD WEST 21 $317, % $316, % 0.0% WINDAROO 6 N/A N/A $414, % 0.0% WOODRIDGE 36 $302, % $292, % -3.1% YARRABILBA 18 $405, % $386, % N/A MORETON BAY (LGA) 1,326 $419, % $408, % 2.0% MORETON BAY (LGA) ^ 171 $600, % $600, % 0.0% ALBANY CREEK 62 $557, % $557, % -4.2% ARANA HILLS 22 $498, % $485, % 6.7% BANKSIA BEACH ~ f 24 $530, % $510, % 1.5% BEACHMERE 15 $281,000 N/A $313, % -6.9% BELLARA 16 $325, % $320, % 0.6% BELLMERE 16 $342, % $340, % -8.6% BONGAREE 28 $429, % $405, % -7.2% BRAY PARK 37 $395, % $385, % 1.4% BUNYA ^ 7 N/A N/A $815, % -8.1% BURPENGARY 33 $410, % $390, % -4.5% BURPENGARY ^ 8 N/A -1.4% $545, % 0.9% BURPENGARY EAST 3 N/A N/A $412, % N/A BURPENGARY EAST ^ 9 N/A N/A $562, % -7.6% CABOOLTURE 67 $322, % $300, % -7.9% CABOOLTURE ^ 16 $498, % $500, % -3.6% CABOOLTURE SOUTH 26 $267, % $269, % -6.2% CASHMERE ~ 11 $610, % $612, % 17.1% CLONTARF 33 $415, % $410, % 3.6% DAKABIN 9 N/A N/A $450, % 0.6% DECEPTION BAY 61 $329, % $325, % -3.2% EATONS HILL 30 $550, % $540, % 8.3% ELIMBAH ^ 2 N/A N/A $496, % 0.7% EVERTON HILLS 24 $517, % $520, % 4.8% FERNY HILLS 29 $506, % $495, % 2.2% GRIFFIN 10 $399, % $435, % 5.2% JOYNER 10 $460,000 N/A $532, % 11.6% KALLANGUR 93 $368, % $361, % -1.4% KIPPA-RING 32 $402, % $385, % 2.8% LAWNTON 20 $378, % $365, % -0.7% MANGO HILL ~ 26 $483, % $457, % 1.7% MARGATE 40 $394, % $400, % -2.0% MORAYFIELD 55 $331, % $330, % -3.8% MORAYFIELD ^ 11 $540, % $543, % -3.2% MURRUMBA DOWNS 32 $455, % $472, % 2.3% NARANGBA 70 $433, % $435, % -1.3% NARANGBA ^ 12 $687,500 N/A $655, % 11.0% NEWPORT 11 $975, % $833, % -5.9% NINGI 6 N/A N/A $360, % 2.5% NINGI ^ 10 $520, % $520, % -5.4% NORTH LAKES 89 $460, % $455, % -1.0% PETRIE 34 $396, % $391, % -1.2% REDCLIFFE 34 $397, % $389, % 0.0% ROTHWELL 20 $406, % $397, % 2.6% SAMFORD VALLEY ^ 7 N/A N/A $877, % 2.6% SANDSTONE POINT 18 $402, % $390, % -4.8% SCARBOROUGH ~ f 24 $512, % $480, % 0.0% STRATHPINE 28 $369, % $355, % 4.3% TOORBUL 3 N/A N/A $282, % -12.0% UPPER CABOOLTURE 9 N/A N/A $335, % -8.5% UPPER CABOOLTURE ^ 11 $565,000 N/A $532, % -2.3% WAMURAN ^ 10 $585, % $555, % -2.6% WARNER 55 $487, % $485, % -2.1% 12 QUEENSLAND MARKET MONITOR

13 BRISBANE MARKET UPDATES S MARKET - HOUSES (CONT D) S MARKET - UNITS & TOWNHOUSES (CONT D) OF S OF S WARNER ^ 4 N/A N/A $763, % 5.4% WOODY POINT ~ 15 $405, % $430, % 1.8% REDLAND (LGA) 528 $489, % $485, % 3.2% REDLAND (LGA) ^ 24 $929, % $852, % 5.2% ALEXANDRA HILLS 57 $451, % $425, % 0.0% BIRKDALE 48 $510, % $509, % 3.7% CAPALABA 48 $435, % $435, % 4.9% CAPALABA ^ 3 N/A N/A $830, % 3.8% CLEVELAND ~ 55 $552, % $560, % -1.4% MACLEAY ISLAND 24 $222, % $230, % -18.2% MOUNT COTTON 31 $476, % $480, % 1.9% ORMISTON 18 $730, % $674, % -8.0% REDLAND BAY 55 $570, % $520, % 1.0% RUSSELL ISLAND ~ 26 $207, % $169, % -20.4% THORNESIDE ~ 10 $573, % $496, % -5.7% THORNLANDS 50 $550, % $550, % -4.6% THORNLANDS ^ 4 N/A N/A $902, % -7.3% VICTORIA POINT 49 $502, % $496, % -1.9% WELLINGTON POINT 38 $549, % $565, % -2.4% LOCKYER VALLEY (LGA) 41 $243, % $247, % -10.7% LOCKYER VALLEY (LGA) ^ 71 $347, % $351, % -0.4% GATTON 18 $256, % $250, % -13.6% KENSINGTON GROVE ^ 8 N/A N/A $355, % 4.2% LAIDLEY 16 $235, % $235, % -14.1% LAIDLEY HEIGHTS ^ 4 N/A N/A $284, % -13.6% REGENCY DOWNS ^ ~ 9 N/A N/A $308, % -9.0% SCENIC RIM (LGA) 59 $340, % $375, % 0.0% SCENIC RIM (LGA) ^ 66 $485, % $500, % 6.1% BEAUDESERT 20 $305, % $324, % -2.4% BOONAH 6 N/A N/A $293, % -2.6% KOORALBYN ^ 4 N/A N/A $329, % 2.3% TAMBORINE ^ 22 $492, % $511, % -5.7% TAMBORINE MOUNTAIN 17 $460, % $453, % -1.9% TAMBORINE MOUNTAIN ^ ~ 8 N/A N/A $740, % -22.5% SOMERSET (LGA) 37 $235, % $250, % -7.2% SOMERSET (LGA) ^ 43 $360, % $364, % -1.6% FERNVALE 7 N/A N/A $335, % 6.1% KILCOY 4 N/A N/A $216, % -10.9% LOWOOD 11 $252,500 N/A $252, % -6.3% S MARKET - UNITS & TOWNHOUSES BRISBANE (SD) 2,532 $395, % $400, % 3.9% IPSWICH (LGA) 90 $291, % $300, % 4.2% BRASSALL 5 N/A N/A $250, % -14.9% BUNDAMBA 12 $305,900 N/A $305, % 37.0% GOODNA ~ 5 N/A N/A $255, % 6.7% REDBANK PLAINS ~ 5 N/A N/A $231, % -22.6% SPRINGFIELD LAKES 5 N/A N/A $384,900 N/A N/A LOGAN (LGA) 205 $245, % $245, % -10.6% BEENLEIGH ~ 16 $190,000 N/A $190, % -20.6% BORONIA HEIGHTS ~ t 10 $246,500 N/A $248, % 38.4% DAISY HILL 5 N/A N/A $315, % 2.3% EAGLEBY ~ 11 $302, % $217, % -28.3% EDENS LANDING 3 N/A N/A $210, % -16.5% HILLCREST 6 N/A N/A $229, % -1.7% KINGSTON 3 N/A N/A $280, % -6.7% LOGAN CENTRAL 9 N/A N/A $184, % -15.9% MARSDEN 6 N/A N/A $331, % 14.1% MEADOWBROOK 7 N/A N/A $255, % -12.1% MOUNT WARREN PARK 13 $208,750 N/A $213, % -8.7% ROCHEDALE SOUTH 5 N/A N/A $275, % -4.5% SHAILER PARK 10 $271, % $275, % -12.7% SLACKS CREEK 11 $215, % $222, % -6.8% SPRINGWOOD 9 N/A N/A $267, % -4.4% UNDERWOOD 9 N/A N/A $358, % -6.7% WATERFORD WEST 4 N/A N/A $210, % -6.9% WOODRIDGE 30 $203, % $193, % -12.3% MORETON BAY (LGA) 311 $325, % $333, % -1.5% ALBANY CREEK * t 2 N/A N/A $417, % 3.3% BELLARA ~ 4 N/A N/A $270, % -2.4% BONGAREE 10 $325, % $315, % -11.0% BRENDALE ~ t 28 $270, % $270, % -6.6% BURPENGARY 2 N/A N/A $323, % 6.1% CABOOLTURE ~ 9 N/A N/A $185, % -37.2% CLONTARF ~ 7 N/A N/A $325, % -0.6% DECEPTION BAY ~ 17 $245, % $240, % -27.3% GRIFFIN 10 $378,900 N/A $360, % N/A KALLANGUR 16 $293, % $300, % -6.3% KIPPA-RING 6 N/A N/A $275, % -17.9% LAWNTON ~ 10 $220, % $225, % -34.8% MANGO HILL 6 N/A N/A $365, % -3.3% MARGATE 13 $331,500 N/A $360, % 0.0% MORAYFIELD 11 $210,000 N/A $268, % -15.5% MURRUMBA DOWNS 10 $304, % $337, % -3.2% NORTH LAKES ~ 18 $369, % $369, % 9.2% PETRIE 3 N/A N/A $332, % -7.6% REDCLIFFE ~ 42 $377, % $371, % -8.3% SCARBOROUGH ~ 8 N/A N/A $405, % -1.1% STRATHPINE 6 N/A N/A $265, % -8.6% WOODY POINT ~ 21 $380, % $353, % -23.5% WOORIM 5 N/A N/A $342, % 15.7% REDLAND (LGA) ~ t 108 $357, % $394, % 11.5% BIRKDALE 6 N/A N/A $391, % 9.4% CAPALABA ~ 25 $335, % $348, % 13.6% CLEVELAND 32 $353, % $400, % 4.3% ORMISTON 10 $370,000 N/A $370, % 4.2% THORNESIDE 4 N/A N/A $320, % 8.5% THORNLANDS 1 N/A N/A $395,000 N/A N/A VICTORIA POINT 10 $332,500 N/A $345, % -3.8% WELLINGTON POINT 7 N/A N/A $456, % 24.7% BRISBANE LAND S (p) 235 BRISBANE UNIT S (p) <$250k $250K+ $350K+ $500K+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND <$250k $250K+ $350K+ $500K+ $1M+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND DECEMBER QUARTER

14 BRISBANE MARKET UPDATES S MARKET - VACANT LAND S MARKET - VACANT LAND (CONT D) OF S OF S BRISBANE (SD) 706 $224, % $220, % 7.7% BRISBANE (SD) ^ 52 $319, % $275, % -3.5% IPSWICH (LGA) 78 $177, % $180, % 0.7% IPSWICH (LGA) ^ 5 N/A N/A $258, % 0.8% BELLBIRD PARK 4 N/A N/A $222, % -7.1% BRASSALL 6 N/A N/A $182, % 2.3% BROOKWATER - N/A N/A N/A N/A N/A DEEBING HEIGHTS 9 N/A N/A $181, % N/A KARALEE ^ 3 N/A N/A $269, % 2.2% LEICHHARDT * 3 N/A N/A $147, % -17.1% REDBANK PLAINS * 7 N/A N/A $154, % -11.5% RIPLEY * 11 $181,000 N/A $172, % N/A SOUTH RIPLEY ~ * 8 N/A N/A $175,000 N/A N/A SPRINGFIELD LAKES ~ * 9 N/A N/A $201, % 12.3% LOGAN (LGA) 146 $193, % $182, % -13.0% LOGAN (LGA) ^ 20 $279, % $265, % 3.2% BUCCAN ^ 1 N/A N/A $285, % N/A CORNUBIA 10 $372, % $360, % 61.8% CRESTMEAD 3 N/A N/A $207, % 1.2% HOLMVIEW 4 N/A N/A $178, % -17.1% JIMBOOMBA 4 N/A N/A $160, % -14.8% JIMBOOMBA ^ * 3 N/A N/A $257, % 19.2% LOGAN RESERVE * 12 $188, % $173, % N/A LOGAN VILLAGE 5 N/A N/A $255, % 4.1% LOGANLEA * 2 N/A N/A $205, % -3.5% MARSDEN 5 N/A N/A $210, % 7.7% NEW BEITH ^ - N/A N/A $297, % 14.0% WATERFORD 11 $200, % $197, % 7.9% YARRABILBA ~ * 80 $163, % $167, % N/A MORETON BAY (LGA) 121 $228, % $230, % 12.7% MORETON BAY (LGA) ^ 17 N/A N/A $287, % -15.5% BANKSIA BEACH 4 N/A N/A $423, % -3.9% BURPENGARY * 2 N/A N/A $220, % N/A CABOOLTURE 16 $189, % $185, % -4.9% CABOOLTURE ^ - N/A N/A $265, % -1.9% DAKABIN 6 N/A N/A $225, % 7.2% GRIFFIN * 14 $247, % $245, % 19.0% KALLANGUR * 8 N/A N/A $235, % 14.6% MANGO HILL - N/A N/A $255, % 13.4% MORAYFIELD 1 N/A N/A $185, % -5.1% NARANGBA 13 $212, % $210, % -6.5% NORTH LAKES * 18 $275, % $275, % 32.1% WARNER 3 N/A N/A $249, % 7.7% BRISBANE HOUSE S (p) REDLAND (LGA) ~ B 191 $63, % $245, % -0.4% BIRKDALE 2 N/A N/A $307, % 3.7% MACLEAY ISLAND ~ 22 $24,750 N/A $33, % -36.5% MOUNT COTTON 21 $260, % $263, % 2.7% REDLAND BAY 35 $300, % $295, % -1.7% RUSSELL ISLAND ~ * 74 $18, % $18, % -47.9% THORNLANDS * 21 $325, % $300, % 5.3% WELLINGTON POINT 3 N/A N/A $400, % 21.6% LOCKYER VALLEY (LGA) ~ 5 N/A N/A $123, % -1.6% LOCKYER VALLEY (LGA) ^ ~ 17 N/A N/A $135, % -0.7% KENSINGTON GROVE ^ 7 N/A N/A $153, % 16.3% SCENIC RIM (LGA) 6 N/A N/A $180, % -0.9% SCENIC RIM (LGA) ^ ~ 9 N/A N/A $224, % 21.7% GLENEAGLE 3 N/A N/A $182, % 2.2% SOMERSET (LGA) 5 N/A N/A $144, % 11.6% FERNVALE 3 N/A N/A $151, % 8.6% RENTAL MARKET - 3 BED HOUSES IPSWICH CITY $ $ AUGUSTINE HEIGHTS $ $ COLLINGWOOD PARK $ $ DINMORE $ $ BLACKSTONE $ $ BASIN POCKET $ $ AMBERLEY $ $ ASHWELL $ $ LOGAN CITY $ $ KINGSTON $ $ BROWNS PLAINS $ $ UNDERWOOD $ $ PRIESTS GULLY $ $ BORONIA HEIGHTS $ $ CHATSWOOD HILLS $ $ KIMBERLEY PARK $ $ LOGANDALE $ $ CARBROOK $ $ LOGANLEA $ $ CRESTMEAD $ $ CHAMBERS FLAT $ $ BETHANIA $ $ ALBERTON $ $ JIMBOOMBA $ $ MORETON BAY REGIONAL $ $ CLONTARF $ $ NEWPORT $ $ KIPPA-RING $ $ ROTHWELL $ $ ALBANY CREEK $ $ BUNYA $ $ BRAY PARK $ $ LAWNTON $ $ FRENCHS FOREST $ $ DAKABIN $ $ NARANGBA $ $ BURPENGARY $ $ MOORINA $ $ BANKSIA BEACH $ $ <$350k $350K+ $500K+ $1M+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND 14 QUEENSLAND MARKET MONITOR

15 BRISBANE MARKET UPDATES RENTAL MARKET - 3 BED HOUSES (CONT D) 4508 DECEPTION BAY $ $ MANGO HILL $ $ BALINGOOL $ $ GODWIN BEACH $ $ BELLTHORPE $ $ ELIMBAH $350 8 N.A ARMSTRONG CREEK $500 6 $ CAMPBELLS POCKET $355 8 $310 5 REDLAND CITY $ $ CAPALABA $ $ THORNESIDE $400 7 $ AQUATIC PARADISE $ $ EROBIN $ $ ALEXANDRA HILLS $ $ CLEVELAND $ $ PINKLANDS $ $ MOUNT COTTON $ $ AMITY $370 7 N.A COOCHIEMUDLO ISLAND $ $ LOCKYER VALLEY REGIONAL $ $ BLENHEIM $ $ CROWLEY VALE $300 7 $ ADARE $ $ SOMERSET REGIONAL $ $ ATKINSONS DAM $ $ BRYDEN $250 5 $ BIARRA $250 7 N.A GLENFERN $ $ RENTAL MARKET - 3 BED TOWNHOUSES IPSWICH CITY $ $ AUGUSTINE HEIGHTS $ $ COLLINGWOOD PARK $ $ BLACKSTONE $ $ BASIN POCKET $ $ LOGAN CITY $ $ KINGSTON $ $ BROWNS PLAINS $ $ CHATSWOOD HILLS $ $ KIMBERLEY PARK $ $ LOGANLEA $ $ CHAMBERS FLAT $ $ ALBERTON $ $ MORETON BAY REGIONAL $ $ BRAY PARK $ $ LAWNTON $ $ DAKABIN $ $ BURPENGARY $ $ BANKSIA BEACH $320 9 $ DECEPTION BAY $ $ BALINGOOL $ $ REDLAND CITY $ $ CAPALABA $ $ THORNESIDE $ $ AQUATIC PARADISE $400 6 $ CLEVELAND $ $ RENTAL MARKET - 2 BED UNITS IPSWICH CITY $ $ AUGUSTINE HEIGHTS $ $ COLLINGWOOD PARK $ $ BLACKSTONE $ $ BASIN POCKET $ $ AMBERLEY $265 7 $230 6 LOGAN CITY $ $ KINGSTON $ $ PRIESTS GULLY $295 6 N.A CHATSWOOD HILLS $ $ KIMBERLEY PARK $310 7 $ LOGANLEA $280 5 $ CRESTMEAD $ N.A CHAMBERS FLAT $290 7 $ ALBERTON $ $ MORETON BAY REGIONAL $ $ CLONTARF $ $ NEWPORT $ $ KIPPA-RING $280 9 $ BRAY PARK $ $ LAWNTON $290 7 $ DAKABIN $ $ BURPENGARY $265 6 $ MOORINA $ $ BANKSIA BEACH $ $ DECEPTION BAY $ $ MANGO HILL $ $ BALINGOOL $ $ REDLAND CITY $ $ CAPALABA $ $ CLEVELAND $ $ LOCKYER VALLEY REGIONAL $ $ ADARE $235 8 $ SOMERSET REGIONAL $215 8 N.A. 3 Moreton Bay continues to hold the title as the strongest performing house market in Greater Brisbane, with just 72 days on market for houses and just 5.2 per cent vendor discounting. It is also the busiest, with 1326 sales. DECEMBER QUARTER

16 REGIONAL MARKET UPDATES GOLD COAST The Gold Coast market is thriving under the weight of myriad construction projects as the city readies for the 2018 Commonwealth Games. The busy tourist mecca has the GFC-lull fixed firmly in the rear vision mirror and the crisis is becoming a distant memory. Workers are returning to the area thanks to the billions of dollars in construction jobs and projects on the horizon. The challenge for local governments in this area is to keep up with population growth and put enough infrastructure in place to support the growth. Roads, water and sewer lines are all under strain as a significant proportion of the state s net migration flows to the southeast corner. Development continues at a steady pace along the Brisbane to Gold Coast corridor and significant levels of infill development are taking place. As roads are upgraded there will be considerable growth in the commuter market as people opt to live on the Gold Coast and work in Brisbane, or perhaps at a range of satellite points. The lower Aussie dollar has also helped drive tourism to this market and the local economy is strong. HOUSE MARKET The Gold Coast median sale price has edged up by a wafer thin 0.4 per cent to $552,250, and this figure is up 6.4 per cent on a year ago and up 7.5 per cent on five years ago. The fringe suburbs have shown solid activity as people look to more affordable parts of the city to live in and the most active price points have been the $350,000 - $500,000 and the $500,000 - $1 million brackets. Market sentiment is optimistic and areas of growth, such as the Southport PDA are exciting areas of change for locals and tourists. The median house price has remained steady at $552,250 and days on market have shortened by one day, compared with this time last year. Similarly vendor discounting has diminished, from 6.1 per cent last year to just 5.4 per cent this year almost the smallest levels in the state UNIT MARKET The unit market on the Gold Coast is one of the busiest unit markets in the state and the December quarter was no exception, although sales volumes were down on usual levels. A small level of growth, 2.6 per cent, gave the median sale price a lift from $365,000 to $374,500. Local agents report high levels of self-funded retirees moving to the glitter strip, choosing apartments along the ocean front coastline. RENTAL MARKET GOLD COAST HOUSE S (p) <$350k $350K+ $500K+ $1M+ The tight vacancy rate has resulted in a small upward movement in median rents on the Gold Coast in the three-bed townhouse market, however, the rest of the market remained steady and it is unlikely that we ll see much movement in coming quarters. The existing level of stock on the market is still being absorbed and there is a good balance of supply and demand at work. The net migration to the Gold Coast over the next 12 months will take up the residual rental properties and a steady stream of new stock will come online over the next 24 months. The gross rental yield for houses is steady at 4.2 per cent and slightly down for units at 5.3 per cent but this is still among the highest in the state. The rental market on the Gold Coast is likely to get very busy over the next 18 months as the city gets closer to hosting the Commonwealth Games and it will be interesting to see the population trend over the next two years and its impact on the city s housing stock QUEENSLAND MARKET MONITOR

17 REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - UNITS & TOWNHOUSES OF S OF S GOLD COAST (LGA) 1,410 $552, % $542, % 7.5% GOLD COAST (LGA) ^ 148 $728, % $725, % 2.1% ARUNDEL 26 $506, % $523, % 6.4% ASHMORE 47 $562, % $513, % 6.6% BENOWA 27 $766, % $770, % 1.8% BIGGERA WATERS 13 $569,000 N/A $627, % 2.6% BONOGIN ^ 13 $665, % $665, % -6.5% BROADBEACH WATERS 43 $925, % $835, % 5.1% BUNDALL 19 $1,037, % $885, % -20.0% BURLEIGH HEADS 22 $660, % $660, % 5.2% BURLEIGH WATERS 50 $646, % $672, % 5.3% CARRARA 32 $480, % $482, % 9.5% CLEAR ISLAND WATERS 8 N/A N/A $960, % 11.9% COOLANGATTA 6 N/A N/A $762, % -4.4% COOMBABAH 23 $437, % $435, % -5.1% COOMERA ~ f 16 $400, % $439, % -4.7% CURRUMBIN ~ f 10 $722,000 N/A $763, % 63.0% CURRUMBIN VALLEY ^ 4 N/A N/A $857, % 4.3% CURRUMBIN WATERS 20 $575, % $570, % 5.1% ELANORA 39 $565, % $560, % -1.6% GILSTON 9 N/A N/A $528, % -4.0% HELENSVALE 77 $565, % $537, % 1.0% HIGHLAND PARK 16 $482, % $450, % -7.4% HOLLYWELL 6 N/A N/A $642, % -6.4% HOPE ISLAND ~ f 18 $620, % $600, % -4.6% JACOBS WELL 8 N/A N/A $400, % -2.2% LABRADOR 25 $480, % $471, % 3.6% LOWER BEECHMONT 1 N/A N/A $355, % -2.7% MAUDSLAND 9 N/A N/A $463, % 1.4% MERMAID BEACH 10 $1,150, % $1,218, % -36.4% MERMAID WATERS ~ f 41 $760, % $755, % 5.9% MERRIMAC 13 $450, % $468, % 2.8% MIAMI 24 $609, % $622, % 4.0% MOLENDINAR 28 $580, % $550, % 1.6% MUDGEERABA 32 $504, % $500, % 2.4% MUDGEERABA ^ 11 $715, % $700, % -13.7% NERANG 46 $422, % $401, % -0.3% NERANG ^ 6 N/A N/A $775, % -4.6% ORMEAU 41 $440, % $433, % -3.4% ORMEAU HILLS 10 $477, % $485, % -12.4% OXENFORD 42 $470, % $465, % -5.4% PACIFIC PINES 73 $490, % $480, % 0.0% PALM BEACH 48 $651, % $652, % 2.7% PARADISE POINT ~ f 23 $1,080,000 N/A $977, % 0.3% PARKWOOD 32 $545, % $535, % 2.5% PIMPAMA ~ 12 $430, % $430, % 1.5% REEDY CREEK 18 $780, % $671, % -7.5% ROBINA ~ 75 $610, % $600, % -2.8% RUNAWAY BAY 19 $945, % $890, % 10.3% SOUTHPORT 53 $550, % $511, % 0.9% SURFERS PARADISE 24 $1,325, % $1,225, % -12.4% TALLAI ^ ~ 13 $866, % $840, % -2.6% TALLEBUDGERA ^ ~ 16 $845, % $786, % -10.3% TALLEBUDGERA VALLEY ^ 3 N/A N/A $760, % 4.8% TUGUN 16 $610, % $515, % 9.3% UPPER COOMERA 94 $439, % $432, % -2.6% VARSITY LAKES 37 $549, % $549, % 2.0% WONGAWALLAN ^ 1 N/A N/A $613, % N/A WORONGARY 9 N/A N/A $423, % 1.0% WORONGARY ^ 12 $762,500 N/A $716, % -6.6% GOLD COAST (LGA) 1,913 $374, % $369, % -2.9% ARUNDEL 19 $305, % $317, % -2.3% ASHMORE 21 $330, % $309, % 0.6% BENOWA * t 29 $425, % $543, % 0.7% BIGGERA WATERS ~ 54 $347, % $375, % -0.4% BILINGA ~ 15 $550, % $492, % -5.6% BROADBEACH 92 $490, % $443, % -9.5% BROADBEACH WATERS 9 N/A N/A $432, % 6.9% BUNDALL 4 N/A N/A $325, % -6.9% BURLEIGH HEADS 58 $375, % $413, % 1.5% BURLEIGH WATERS 19 $370, % $370, % 3.5% CARRARA ~ t 54 $355, % $424, % -1.4% CLEAR ISLAND WATERS ~ f 11 $370, % $452, % -2.7% COOLANGATTA 66 $482, % $457, % -10.3% COOMBABAH 22 $338, % $330, % -3.9% COOMERA ~ f 51 $455, % $362, % 8.3% CURRUMBIN 20 $395, % $411, % 1.5% CURRUMBIN WATERS 18 $316, % $330, % -1.5% ELANORA 23 $420, % $333, % -0.4% HELENSVALE ~ t 19 $358, % $417, % 1.8% HIGHLAND PARK ~ t 1 N/A N/A $293, % 2.8% HOLLYWELL ~ 3 N/A N/A $599, % -35.6% HOPE ISLAND * f 88 $545, % $550, % 24.3% LABRADOR 120 $334, % $323, % -0.3% MAIN BEACH 37 $750, % $640, % -3.4% MERMAID BEACH 63 $335, % $353, % -8.4% MERMAID WATERS 38 $360, % $359, % 10.4% MERRIMAC 16 $342, % $340, % -18.2% MIAMI 43 $416, % $402, % 8.8% MUDGEERABA 13 $335, % $330, % -2.9% NERANG 33 $310, % $300, % -1.6% ORMEAU 14 $370, % $356, % -3.6% OXENFORD 22 $305, % $287, % -0.9% PACIFIC PINES 17 $327, % $345, % -10.4% PALM BEACH 50 $355, % $345, % -6.8% PARADISE POINT ~ f 20 $572, % $617, % 17.1% PARKWOOD 5 N/A N/A $320, % 2.7% PIMPAMA 12 $385, % $352, % -3.8% REEDY CREEK 12 $306, % $305, % -3.2% ROBINA 59 $385, % $420, % -8.7% RUNAWAY BAY 34 $504, % $449, % 21.4% SOUTHPORT 164 $345, % $344, % -0.9% SURFERS PARADISE 302 $346, % $346, % -10.2% TUGUN 24 $377, % $372, % -13.1% UPPER COOMERA 23 $360, % $325, % -7.5% VARSITY LAKES 51 $409, % $399, % 0.3% GOLD COAST UNIT S (p) <$250k $250K+ $350K+ $500K+ $1M+ DECEMBER QUARTER

18 REGIONAL MARKET UPDATES S MARKET - VACANT LAND OF S RENTAL MARKET - 3 BED HOUSES GOLD COAST (LGA) 151 $240, % $239, % 0.8% GOLD COAST (LGA) ^ 17 N/A N/A $407, % -1.9% COOMERA 11 $264, % $240, % 11.6% ELANORA 1 N/A N/A $318, % N/A GILSTON 1 N/A N/A $261, % 5.5% HELENSVALE 3 N/A N/A $540, % 1.5% HOPE ISLAND ~ f - N/A N/A N/A N/A N/A MAUDSLAND - N/A N/A $226,500 N/A -9.8% ORMEAU 6 N/A N/A $235, % -12.3% ORMEAU HILLS - N/A N/A $215, % -3.6% PACIFIC PINES 2 N/A N/A $225,200 N/A -4.0% PIMPAMA * 78 $239, % $235, % 8.8% REEDY CREEK 3 N/A N/A $349, % 3.1% UPPER COOMERA * 12 $233, % $239, % 1.1% WILLOW VALE 6 N/A N/A $216, % N/A GOLD COAST CITY $ $ ORMEAU $ $ COOMERA $ $ OXENFORD $ $ PACIFIC PINES $ $ HELENSVALE $ $ MUDGEERABA $ $ ARUNDEL $ $ SOUTHPORT $ $ PARADISE POINT $ $ SURFERS PARADISE $ $ BROADBEACH $ $ BURLEIGH HEADS $ $ PALM BEACH $ $ CURRUMBIN $ $ TUGUN $460 8 $ COOLANGATTA $440 8 $ CLEAR ISLAND WATERS $ $ VARSITY LAKES $ $ SCENIC RIM REGIONAL $ $ TAMBORINE $450 6 $ MOUNT TAMBORINE $ $ BENOBBLE $420 9 N.A ALLENVIEW $ $ ARATULA $280 8 $ ALLANDALE $ $ RENTAL MARKET - 2 BED UNITS GOLD COAST CITY $ $ COOMERA $248 9 $ OXENFORD $ $ PACIFIC PINES $ $ HELENSVALE $ $ ARUNDEL $ $ SOUTHPORT $ $ PARADISE POINT $ $ SURFERS PARADISE $ $ BROADBEACH $ $ BURLEIGH HEADS $ $ PALM BEACH $ $ CURRUMBIN $ $ TUGUN $ $ COOLANGATTA $ $ CLEAR ISLAND WATERS $ $ VARSITY LAKES $ $ SCENIC RIM REGIONAL $ $ ALLENVIEW $ $ RENTAL MARKET - 3 BED TOWNHOUSES GOLD COAST CITY $ $ COOMERA $ $ OXENFORD $ $ PACIFIC PINES $ $ ARUNDEL $ $ SOUTHPORT $ $ PARADISE POINT $ $ SURFERS PARADISE $ $ BROADBEACH $ $ BURLEIGH HEADS $ $ PALM BEACH $ $ CLEAR ISLAND WATERS $ $ VARSITY LAKES $ $ GOLD COAST LAND S (p) The rental market on the Gold Coast is likely to get very busy over the next 18 months as the city gets closer to hosting the Commonwealth Games. <$250k $250K+ $350K+ $500K+ 18 QUEENSLAND MARKET MONITOR

19 TOOWOOMBA The Toowoomba real estate market is performing strongly and is part of the so-called golden triangle of southeast Queensland. Major infrastructure projects, including the Second Range Crossing and the Warrego Highway upgrade, have created jobs and this has led to demand for housing. While 2015 was a year of solid growth in the Toowoomba real estate market, the March and June quarters were subdued. The September quarter was a period of recovery and as construction projects commenced and cranes began to dot the skyline, confidence in the real estate market returned. December was a strong finish and the new house price is 3.7 per cent higher than a year ago and 19.5 per cent higher than five years ago. In addition, Wellcamp Airport has recently added weekly passenger services to Melbourne and Cairns, which will sit alongside its existing services to Sydney, launched a year ago. These services will help bring visitors to the area and further boost the local economy. HOUSE MARKET The median house price grew marginally, to $352,500, even though sales volumes eased and the new higher median price is largely due to increased activity in the upper price bands 96 transactions this quarter compared with 59 last quarter in the $500,000-plus bracket. Apart from Brisbane, Toowoomba has the fastest days on market in the state, at 67, although this has eased from 63 this time last year. Vendor discounting eased out slightly from 4.5 per cent 12 months ago, to 5.6 per cent. The December quarter has continued that growth trajectory and even though the quarterly median growth has only been 0.3 per cent, the growth on the five-year trend was a very healthy 19.5 per cent. UNIT MARKET The unit market softened slightly in the December quarter as existing levels of stock continued to be absorbed, reflecting a statewide trend. The median sale price for units slipped marginally, by 2.1 per cent, and volume was also down, going from 116 transactions last quarter to 72 transactions this quarter. Average days on market and average vendor discounting was consistent with previous quarters and remain among the best market conditions in the state. At 87 days on market, on average, Toowoomba has the fastest selling apartment market in the state, except for Brisbane. Even the Gold Coast, where apartments sell consistently strongly, is slower, at 91 days on market in the December quarter TOOWOOMBA UNIT S (p) REGIONAL MARKET UPDATES <$250k $250K+ $350K+ $500K TOOWOOMBA HOUSE S (p) 200 <$350k $350K+ $500K <$250k $250K+ $350K+ RENTAL MARKET 181 TOOWOOMBA LAND S (p) The rental market remains healthy, with a vacancy rate of 3.2 per cent. This eased slightly, up from 2.7 per cent, but still within the healthy range. Gross rental yields are steady, with investors reaping 4.4 per cent for houses and 4.2 per cent for units the same as the previous quarter and much the same as it has been all year. Average rentals have similarly held steady, at $300 for houses (the same as the September quarter), and $245 for two-bed units (down slightly on the previous quarter) and $315 for a three-bed townhouse, which is up slightly on the September data. Infrastructure projects will continue to attract new tenants to the area and investors will benefit from these long-term projects with a steady stream of new renters DECEMBER QUARTER

20 REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - VACANT LAND OF S OF S TOOWOOMBA (LGA) 470 $352, % $352, % 19.5% TOOWOOMBA (LGA) ^ 93 $468, % $500, % 14.9% CENTENARY HEIGHTS 35 $375, % $365, % 21.6% CROWS NEST 10 $267,000 N/A $250, % 9.9% DARLING HEIGHTS 17 $366, % $349, % 12.1% EAST TOOWOOMBA 26 $490, % $445, % 16.6% GLENVALE 13 $370, % $370, % 14.1% GLENVALE ^ 6 N/A N/A $510, % 26.1% HARLAXTON 11 $265, % $279, % 14.1% HARRISTOWN 26 $326, % $320, % 20.5% HIGHFIELDS 13 $462,000 N/A $460, % 18.1% HIGHFIELDS ^ 11 $551, % $525, % 22.1% KEARNEYS SPRING 29 $380, % $364, % 16.4% KINGSTHORPE 4 N/A N/A $313, % 17.6% KLEINTON 4 N/A N/A $515, % N/A MERINGANDAN WEST ^ ~ 4 N/A N/A $405, % 15.3% MIDDLE RIDGE 24 $468, % $489, % 13.6% MOUNT LOFTY 25 $535, % $481, % 24.6% NEWTOWN 41 $305, % $315, % 15.4% NORTH TOOWOOMBA 15 $290, % $316, % 19.2% OAKEY 7 N/A N/A $237, % -4.6% PITTSWORTH 6 N/A N/A $285, % 0.4% RANGEVILLE 40 $430, % $435, % 9.5% ROCKVILLE 12 $250, % $272, % 13.6% SOUTH TOOWOOMBA 29 $315, % $331, % 18.7% TOOWOOMBA CITY ~ 5 N/A N/A $364, % 23.6% WESTBROOK 12 $442, % $445, % 11.6% WILSONTON 14 $292, % $315, % 14.5% WILSONTON HEIGHTS 8 N/A N/A $288, % 16.0% WYREEMA 6 N/A N/A $322, % 21.8% GOONDIWINDI (LGA) ~ 23 $232, % $240, % -4.0% GOONDIWINDI 11 $338,000 N/A $280, % 3.7% SOUTHERN DOWNS (LGA) ~ 65 $244, % $230, % -5.0% SOUTHERN DOWNS (LGA) ^ ~ 26 $324, % $350, % 8.5% STANTHORPE 10 $245, % $229, % -4.2% WARWICK 43 $249, % $235, % 2.0% WESTERN DOWNS (LGA) ~ 31 $189, % $243, % -8.1% WESTERN DOWNS (LGA) ^ ~ 23 $370,000 N/A $330, % -7.0% CHINCHILLA 8 N/A N/A $299, % 12.1% DALBY 12 $250, % $250, % -9.5% DALBY ^ 11 $438,000 N/A $417, % -1.6% S MARKET - UNITS & TOWNHOUSES TOOWOOMBA (LGA) ~ t 72 $303, % $305, % 25.9% CENTENARY HEIGHTS ~ 5 N/A N/A $329, % 19.8% EAST TOOWOOMBA ~ 3 N/A N/A $359, % 30.5% HARRISTOWN 3 N/A N/A $205, % -14.7% HIGHFIELDS 6 N/A N/A $322, % -9.2% KEARNEYS SPRING 9 N/A N/A $305, % 22.0% NEWTOWN 7 N/A N/A $254, % 15.7% RANGEVILLE 2 N/A N/A $345, % 16.0% SOUTH TOOWOOMBA ~ 9 N/A N/A $310, % 31.7% WILSONTON 4 N/A N/A $245, % 18.1% TOOWOOMBA (LGA) ~ * 54 $175, % $174, % 25.2% TOOWOOMBA (LGA) ^ 17 N/A N/A $190, % 22.6% CRANLEY 2 N/A N/A $170, % N/A GLENVALE* 6 N/A N/A $175, % 23.7% KEARNEYS SPRING * 4 N/A N/A $189,250 N/A 18.3% KLEINTON 21 $184, % $184, % 26.4% MIDDLE RIDGE * 1 N/A N/A $248, % 22.8% WESTBROOK 2 N/A N/A $167, % 33.5% WYREEMA * 5 N/A N/A $155, % N/A SOUTHERN DOWNS (LGA) ~ 11 N/A N/A $85, % -5.0% RENTAL MARKET - 3 BED HOUSES TOOWOOMBA REGIONAL $ $ KEARNEYS SPRING $ $ AMIENS $ $ ANDURAMBA $ $ PITTSWORTH $285 6 $ BRINGALILY $ $ ASCOT $285 7 $ BACK PLAINS $260 7 $ ACLAND $ $ GOONDIWINDI REGIONAL $ $ BRUSH CREEK $200 5 $ BILLA BILLA $ $ SOUTHERN DOWNS REGIONAL $ $ WARWICK $ $ KILLARNEY $255 6 N.A STANTHORPE $ $ WESTERN DOWNS REGIONAL $ $ BLAXLAND $ $ BAKING BOARD $ $ MILES $180 6 $ RENTAL MARKET - 2 BED UNITS TOOWOOMBA REGIONAL $ $ KEARNEYS SPRING $ $ AMIENS $280 5 N.A ACLAND $205 7 $ NEUMGNA $130 6 N/A N/A GOONDIWINDI REGIONAL $ $ BILLA BILLA $ $ SOUTHERN DOWNS REGIONAL $ $ WARWICK $ $ STANTHORPE $ $ WESTERN DOWNS REGIONAL $ $ BLAXLAND $ $ BAKING BOARD $ $ RENTAL MARKET - 3 BED TOWNHOUSES TOOWOOMBA REGIONAL $ $ KEARNEYS SPRING $ $ WESTERN DOWNS REGIONAL $ $ QUEENSLAND MARKET MONITOR

21 SUNSHINE COAST The December quarter was a steady end to the year for the Sunshine Coast, with market conditions largely holding steady. The affordable end of the market enjoyed a buoyant period and owner occupiers were the dominant demographic. Both apartment and house sales activity were down by about five per cent and local agents report a lack of stock as the biggest impediment to achieving greater sales volumes. As reported last quarter, investor numbers remain subdued. As the tight rental market continues and yields remain steady, we would not be surprised to see investors coming into the market in greater numbers. Net migration to the Sunshine Coast continues to grow and residents moving here from interstate and overseas bring a positive forecast for In addition, once the airport expansion is complete, visitor numbers to the area should lift. Local agents are reporting some clients and potential clients are speculating that prices may cool, however, this seems unlikely given commencement of infrastructure projects, net migration rates and the generally high level of confidence in the market. Major developments include the Sunshine Coast Public University Hospital and the Kawana Health Campus, Maroochydore City Centre, Sunshine Coast Airport Expansion and the Caloundra South masterplanned development, Aura. HOUSE MARKET Over the December quarter activity was focused on downsizers, as well as those upgrading the family home. The area also saw an influx of families moving to the Coast from interstate, particularly southern states. Some agents reported small levels of investor interest, however, as highlighted above, these were not in significant numbers yet. If interest rates remain low, the Sunshine Coast market may lure more investors in In settled sales agents in the area are reporting a solid lift compared with the September quarter. On-the-market statistics, such as vendor discounting and days on market are also heading in the right direction. Days on market have shortened to 99 days. Local agents report that seller expectations are SUNSHINE COAST HOUSE S (p) <$350k $350K+ $500K+ $1M SUNSHINE COAST UNIT S (p) SUNSHINE COAST LAND S (p) REGIONAL MARKET UPDATES <$250k $250K+ $350K+ $500K+ $1M+ <$250k $250K+ $350K+ $500K+ sometimes high and need to be proactively managed, while some buyers are hesitant to commit when they compare outdated prices with the market today, unsure of where the market is heading. UNIT MARKET In the apartment market, the middle price points from $250,000 to sub-$1 million provided the majority of the sales activity. Body corporate fees continue to be the deciding factor for some, which means the market is still price sensitive. With 500 sales in the Sunshine Coast volumes are clearly holding steady and with December quarter typically a little quieter than the January quarter, all signs are positive that the year ahead will be busy in the apartment market. RENTAL MARKET The rental market continues to be tight in the Sunshine Coast and with no significant levels of new stock being built it is expected this will continue. The average rents are increasing in the two-bed unit market, holding steady in house rentals, and dropping slightly in three-bed townhouses. In the December quarter Buderim was the most popular area to rent and houses are more popular than units. Yields remain steady at 4.4 per cent for houses and 4.9 per cent for units. It is common for new people, especially families, moving to the area to rent before they buy, so there is a steady flow of traffic moving from the rental market to the owner occupier market. The low interest rates also continue to encourage renters to move into home ownership, although first-home buyers are not evident in significant numbers. This may be due to affordability issues. Even though financing is cheap, if wages aren t high enough to save for the deposit, it may hamper younger entrants into the market DECEMBER QUARTER

22 REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - HOUSES (CONT D) OF S OF S SUNSHINE COAST (SD) 1,017 $505, % $500, % 6.4% SUNSHINE COAST (SD) ^ 221 $615, % $600, % 4.3% SUNSHINE COAST (LGA) 878 $500, % $495, % 6.5% SUNSHINE COAST (LGA) ^ 162 $627, % $610, % 8.9% ALEXANDRA HEADLAND ~ f 9 N/A N/A $800, % 2.5% AROONA ~ 13 $473, % $460, % 6.4% BATTERY HILL ~ 5 N/A N/A $465, % -0.5% BEERWAH 28 $405, % $390, % -7.3% BLI BLI 20 $455, % $445, % 6.5% BUDDINA 14 $615, % $615, % -15.1% BUDERIM 113 $545, % $552, % 0.9% BUDERIM ^ ~ 7 N/A N/A $876, % -5.7% BURNSIDE 9 N/A N/A $415, % 0.3% CALOUNDRA WEST 26 $435, % $440, % -0.2% COES CREEK 7 N/A N/A $379, % -10.0% COOLUM BEACH 29 $555, % $521, % 2.9% CURRIMUNDI 18 $505, % $465, % 2.6% DICKY BEACH ~ f 8 N/A N/A $740, % 31.6% EUMUNDI ^ 4 N/A N/A $661, % 2.8% GLASS HOUSE MOUNTAINS 9 N/A N/A $417, % -2.3% GLASS HOUSE MOUNTAINS ^ 5 N/A N/A $512, % 6.9% GOLDEN BEACH 16 $482, % $474, % -1.6% KULUIN 12 $447, % $440, % 6.4% LANDSBOROUGH 12 $377,500 N/A $363, % -6.3% LITTLE MOUNTAIN 30 $511, % $515, % 1.1% MALENY 12 $485, % $460, % -0.5% MALENY ^ 5 N/A N/A $597, % -10.2% MARCOOLA 16 $420,000 N/A $523, % 8.8% MAROOCHYDORE 32 $528, % $510, % 1.5% MERIDAN PLAINS 14 $465, % $430, % 2.2% MINYAMA 13 $975,000 N/A $905, % -13.6% MOFFAT BEACH 8 N/A N/A $590, % 1.8% MOOLOOLABA 21 $690, % $650, % 8.5% MOOLOOLAH VALLEY 5 N/A N/A $412, % -1.5% MOOLOOLAH VALLEY ^ 6 N/A N/A $525, % 8.3% MOUNT COOLUM 16 $505,000 N/A $510, % 1.0% MOUNTAIN CREEK 41 $550, % $540, % 4.8% MUDJIMBA 3 N/A N/A $645, % -1.0% NAMBOUR 47 $337, % $348, % -1.8% NINDERRY ^ 3 N/A N/A $605, % N/A PACIFIC PARADISE 6 N/A N/A $400, % -1.9% PALMWOODS 22 $450, % $442, % -4.2% PARREARRA 23 $575, % $582, % 7.3% PELICAN WATERS 33 $682, % $643, % 1.9% PEREGIAN SPRINGS 28 $590, % $564, % 8.4% SIPPY DOWNS 51 $470, % $453, % -0.5% TANAWHA ^ ~ 6 N/A N/A $926, % 14.5% TWIN WATERS 9 N/A N/A $716, % -1.6% WARANA 11 $563, % $550, % 8.5% WOOMBYE ~ 8 N/A N/A $432, % -2.3% WURTULLA 22 $549, % $533, % 0.3% YANDINA 6 N/A N/A $363, % 0.0% YAROOMBA ~ * 10 $590,013 N/A $577, % -4.7% NOOSA (LGA) ~ 139 $540, % $556, % 2.1% NOOSA (LGA) ^ ~ 59 $588, % $595, % -0.8% BLACK MOUNTAIN ^ 4 N/A N/A $570, % -3.3% COORAN ^ 3 N/A N/A $420, % -18.7% COOROIBAH ^ 4 N/A N/A $590, % -8.7% COOROY 12 $425, % $426, % -6.6% DOONAN ^ 17 $695, % $685, % -16.6% NOOSA HEADS 12 $632,500 N/A $780, % 3.6% NOOSAVILLE 26 $645, % $760, % 1.2% PEREGIAN BEACH ~ 16 $662, % $710, % -7.3% POMONA 6 N/A N/A $390, % -6.7% POMONA ^ 11 $495,000 N/A $489, % -7.8% SUNRISE BEACH 5 N/A N/A $625, % 10.2% SUNSHINE BEACH 7 N/A N/A $975, % 24.3% 22 QUEENSLAND MARKET MONITOR TEWANTIN 34 $455, % $460, % -1.4% S MARKET - UNITS & TOWNHOUSES SUNSHINE COAST (SD) 655 $374, % $370, % -1.3% SUNSHINE COAST (LGA) 500 $365, % $360, % -1.4% ALEXANDRA HEADLAND ~ 31 $355, % $348, % 2.0% BATTERY HILL 2 N/A N/A $262, % 1.2% BIRTINYA 3 N/A N/A $418, % -17.1% BUDDINA 4 N/A N/A $420, % 7.7% BUDERIM 41 $390, % $388, % -2.9% CALOUNDRA 27 $365, % $375, % -13.8% CALOUNDRA WEST 3 N/A N/A $327, % 0.6% COOLUM BEACH 27 $354, % $350, % -9.1% CURRIMUNDI 4 N/A N/A $373, % 5.1% GOLDEN BEACH 19 $365, % $374, % 3.9% KINGS BEACH 31 $439, % $390, % -8.6% LITTLE MOUNTAIN - N/A N/A $354, % 9.9% MARCOOLA 15 $313, % $316, % -8.9% MAROOCHYDORE 90 $355, % $360, % -3.2% MINYAMA 3 N/A N/A $319, % 8.3% MOFFAT BEACH 5 N/A N/A $487, % -3.0% MOOLOOLABA ~ 68 $362, % $355, % -10.1% MOUNT COOLUM ~ 4 N/A N/A $345, % 0.0% MOUNTAIN CREEK 13 $314,750 N/A $351, % 34.7% NAMBOUR ~ 18 $215, % $240, % -21.3% PARREARRA ~ 12 $492, % $445, % -17.6% PELICAN WATERS 4 N/A N/A $480, % 3.2% PEREGIAN SPRINGS ~ t 14 $476,250 N/A $300, % 13.2% TWIN WATERS 6 N/A N/A $516, % -6.2% WARANA 7 N/A N/A $360, % 16.1% WURTULLA * 6 N/A N/A $384, % 20.0% NOOSA (LGA) 155 $430, % $420, % -7.3% COOROY 7 N/A N/A $319,000 N/A N/A NOOSA HEADS ~ 50 $575, % $540, % -5.0% NOOSAVILLE 50 $392, % $402, % 5.9% PEREGIAN BEACH ~ 14 $382,500 N/A $366, % -1.1% SUNRISE BEACH 5 N/A N/A $342, % -9.4% SUNSHINE BEACH ~ 11 $665, % $537, % 1.8% TEWANTIN 14 $282,500 N/A $295, % 3.5% S MARKET - VACANT LAND SUNSHINE COAST (SD) 127 $272, % $255, % -0.4% SUNSHINE COAST (SD) ^ 27 $300, % $305, % -4.7% SUNSHINE COAST (LGA) ~ 96 $269, % $252, % -1.2% SUNSHINE COAST (LGA) ^ 21 $299, % $305, % -4.7% BEERWAH 13 $202, % $212,000 N/A 12.2% BIRTINYA 1 N/A N/A $297, % -9.0% BLI BLI 16 $272, % $260, % 4.8% CALOUNDRA WEST * 7 N/A N/A $224, % -15.2% FOREST GLEN * 2 N/A N/A $259, % N/A GLASS HOUSE MOUNTAINS 3 N/A N/A $198, % N/A LITTLE MOUNTAIN 1 N/A N/A $255, % 1.2% MALENY 1 N/A N/A $232, % 8.3% MAROOCHYDORE * 4 N/A N/A $305, % 50.6% MERIDAN PLAINS 6 N/A N/A $242, % -1.6% MOUNTAIN CREEK ~ * 5 N/A N/A $290, % 10.7% NAMBOUR 2 N/A N/A $181,950 N/A N/A PALMVIEW ^ * - N/A N/A $305,000 N/A N/A PELICAN WATERS ~ * 9 N/A N/A $266, % -21.2% PERIGIAN SPRINGS * N/A N/A N/A N/A N/A N/A SIPPY DOWNS - N/A N/A $193,500 N/A -16.8% YAROOMBA * 4 N/A N/A $325, % N/A NOOSA (LGA) 31 $295,000 N/A $283, % -4.7% NOOSAVILLE * f 3 N/A N/A $340, % 13.3% PEREGIAN BEACH 7 N/A N/A $242,500 N/A N/A

23 REGIONAL MARKET UPDATES RENTAL MARKET - 3 BED HOUSES SUNSHINE COAST REGIONAL $ $ GLASS HOUSE MOUNTAINS $380 9 $ BEERWAH $ $ LANDSBOROUGH $335 7 $ CALOUNDRA $ $ MALENY $ $ PALMVIEW $ $ PALMWOODS $410 7 $ BUDERIM $ $ MOOLOOLABA $ $ MAROOCHYDORE $ $ WOOMBYE $ $ NAMBOUR $ $ YANDINA $ $ BELLI PARK $ $ MARCOOLA $ $ COOLUM BEACH $ $ BIRTINYA $ $ NOOSA SHIRE $ $ TEWANTIN $ $ NOOSAVILLE $ $ NOOSA HEADS $ $ COOROY $435 9 $ FEDERAL $360 8 $ RENTAL MARKET - 2 BED UNITS SUNSHINE COAST REGIONAL $ $ BEERWAH $ N.A CALOUNDRA $ $ BUDERIM $ $ MOOLOOLABA $ $ MAROOCHYDORE $ $ WOOMBYE $280 7 $ NAMBOUR $ $ MARCOOLA $ $ ALEXANDRA HEADLAND $ $ COOLUM BEACH $ $ BIRTINYA $ $ NOOSA SHIRE $ $ TEWANTIN $270 5 N.A NOOSAVILLE $ $ NOOSA HEADS $ $ RENTAL MARKET - 3 BED TOWNHOUSES SUNSHINE COAST REGIONAL $ $ CALOUNDRA $ $ BUDERIM $ $ MOOLOOLABA $ $ MAROOCHYDORE $ $ NAMBOUR $ $ COOLUM BEACH $ $ BIRTINYA $480 5 $400 9 NOOSA SHIRE $ $ NOOSAVILLE $450 7 $ NOOSA HEADS $510 6 $ FRASER COAST The December quarter for the Fraser Coast was a little bit of a mixed bag, with the median sale price slipping while transaction volumes remained steady in both houses and units. A steady supply of house-and-land packages is filling the market at the moment, which makes it tougher for older stock to compete both in houses and units for sales and the rental market. The house-and-land packages appeal to the first-home buyers who find new stock appealing and the affordable price point achievable. The Great Start Grant is bringing new buyers into the market and it is doing some of the heavy lifting, encouraging first-home buyers into house-and-land packages when they perhaps would have ordinarily taken longer to save up a deposit and bought established homes. Building approvals were up in the Wide Bay area, leading to the conclusion that construction has created additional jobs. ABS data revealed that unemployment was down by 0.2 per cent and local media reported it was at a two-year low. The persistent rumour in Hervey Bay that the marina development will go ahead gained some additional impetus this quarter when zoning changes were made to allow for 20 storey constructions, from the previous height limit of eight. Local agents report this will likely give local investors a confidence boost. HOUSE MARKET The volume of transactions, at around 300, is in line with previous quarters and this represents strong interest in the market. Confidence in the market is improving and agents are seeing buyers move quickly when they spot a bargain. While days on market stats have lengthened marginally and Fraser Coast has the longest days on market of all regional centres in the state, the good news is that vendor discounting rate has remained the same at around 7.8 per cent. This indicates buyers may be taking a little longer to buy, but sellers are accurately pricing their houses and buyers are meeting the market. UNIT MARKET The Fraser Coast unit market experienced some volatility during 2015 but the December quarter, broadly speaking, was in line with the September quarter results, indicating supply and demand are more evenly balanced. The median price of units in this region for the December quarter is $220,000, up by a sliver 0.6 per cent, although activity is down, indicating that fewer units were sold and were higher priced. DECEMBER QUARTER

24 REGIONAL MARKET UPDATES FRASER COAST CONTINUED RENTAL MARKET Traditionally the December quarter is reasonably steady in the Fraser Coast rental market. The suburbs of Kawungan and Urraween were the stand-out suburbs as families moved to the area for work relocation. Rents remained strong and older stock that had been hanging around vacant for a while was snapped up. Rents for three-bed townhouses rose by more than $20 a week, to $330, which makes this the most in-demand section of the market. A three-bed townhouse in the Fraser Coast can command an average rent of $330 a week, while a three-bed house averages just $290. This is likely a reflection of newer stock in townhouses being more appealing versus older housing stock. At 3.5 per cent the Fraser Coast vacancy rate is healthy, and this will help keep rents steady. S MARKET - HOUSES OF S FRASER COAST (LGA) 300 $287, % $301, % -2.3% FRASER COAST (LGA) ^ 78 $385, % $372, % -2.0% BOORAL ^ 9 N/A N/A $375, % -15.8% BURRUM HEADS 7 N/A N/A $356, % 8.3% DUNDOWRAN BEACH ^ 4 N/A N/A $550, % -3.2% ELI WATERS 12 $310, % $328, % 0.0% GLENWOOD ^ ~ 6 N/A N/A $192, % -8.8% GRANVILLE 12 $218,500 N/A $211, % -17.6% KAWUNGAN 19 $322, % $331, % -1.5% MARYBOROUGH 70 $191, % $195, % -10.6% PIALBA 10 $281, % $278, % 2.5% POINT VERNON ~ 20 $352, % $308, % -5.4% RIVER HEADS 8 N/A N/A $300, % -6.7% SCARNESS 10 $290, % $273, % -5.1% TINANA 7 N/A N/A $285, % -9.2% TOOGOOM 15 $295, % $310, % -2.4% TORQUAY 14 $333, % $305, % -2.7% URANGAN 30 $317, % $311, % -3.3% URRAWEEN 21 $357, % $351, % 0.8% FRASER COAST HOUSE S (p) GYMPIE (LGA) 96 $262, % $265, % -6.9% GYMPIE (LGA) ^ ~ 84 $350, % $350, % -2.0% CHATSWORTH ^ 6 N/A N/A $370, % N/A COOLOOLA COVE 12 $305, % $280, % -8.0% CURRA ^ 8 N/A N/A $268, % -17.3% GYMPIE 42 $237, % $235, % -10.6% SOUTHSIDE 19 $337, % $320, % -3.1% TIN CAN BAY 7 N/A N/A $310, % -18.0% SOUTH BURNETT (LGA) ~ 52 $177, % $185, % -17.8% SOUTH BURNETT (LGA) ^ ~ 28 $255, % $240, % -17.0% KINGAROY 24 $225, % $225, % -9.1% KINGAROY ^ ~ 3 N/A N/A $365, % -8.8% MURGON 4 N/A N/A $129, % -7.1% NANANGO 9 N/A N/A $175, % -18.8% 43 <$350k $350K+ $500K+ FRASER COAST UNIT S (p) S MARKET - UNITS & TOWNHOUSES FRASER COAST (LGA) ~ 55 $220, % $240, % -12.2% PIALBA ~ 4 N/A N/A $240, % -21.3% SCARNESS 8 N/A N/A $267, % 11.5% TORQUAY 11 $220,000 N/A $213, % -12.8% URANGAN 15 $249, % $257, % -19.4% 31 GYMPIE (LGA) 11 N/A N/A $250, % -9.3% <$250k $250K+ $350K+ $500K+ 78 FRASER COAST LAND S (p) Confidence in the market is improving and agents are seeing buyers move quickly when they spot a bargain. <$250k $250K+ $350K+ 24 QUEENSLAND MARKET MONITOR

25 REGIONAL MARKET UPDATES S MARKET - VACANT LAND OF S FRASER COAST (LGA) 52 $140, % $149, % -3.5% FRASER COAST (LGA) ^ ~ 30 $72, % $72, % -24.2% BURRUM HEADS 6 N/A N/A $105, % -30.1% GLENWOOD ^ ~ 18 $67, % $65, % -18.8% RIVER HEADS ~ 8 N/A N/A $100, % -35.5% TOOGOOM 6 N/A N/A $120, % -22.6% WONDUNNA 2 N/A N/A $156, % -10.9% GYMPIE (LGA) ~ 23 $110, % $124, % -0.4% GYMPIE (LGA) ^ 15 N/A N/A $120, % -6.8% GYMPIE 8 N/A N/A $134, % 7.2% RENTAL MARKET - 3 BED HOUSES FRASER COAST REGIONAL $ $ ALDERSHOT $ $ BOORAL $ $ BEELBI CREEK $ $ GYMPIE REGIONAL $ $ AMAMOOR $ $ COOLOOLA $ $ RENTAL MARKET - 3 BED HOUSES (CONT'D) SOUTH BURNETT REGIONAL $ $ BARLIL $ $ CHARLESTOWN $ $ ALICE CREEK $ $ BARKER CREEK FLAT $ $ RENTAL MARKET - 2 BED UNITS FRASER COAST REGIONAL $ $ ALDERSHOT $ $ BOORAL $ $ GYMPIE REGIONAL $ $ AMAMOOR $ $ COOLOOLA $220 7 N.A EURONG $260 7 $260 8 SOUTH BURNETT REGIONAL $ $ BARLIL $170 7 N.A ALICE CREEK $ $ RENTAL MARKET - 3 BED TOWNHOUSES FRASER COAST REGIONAL $ $ BOORAL $ $ BUNDABERG The Bundaberg market has seen a solid level of activity over the December quarter, across multiple price points and from many demographics, with activity from first-home buyers to self-funded retirees and everyone in between. While prices have remained steady, (the median price is identical to the September quarter) and activity has dipped by eight per cent, local agents are reporting strong levels of enquiry and expect a strong start to With about $175 million in infrastructure projects about to commence in the area, including the Rubyanna waste water treatment plant due to begin in the next few months, a $19 million gas pipeline project, and a $70 million plasterboard factory, there are jobs and revenue underpinning demand for housing. These infrastructure projects are bringing rewards for the region, with business confidence on the rise and economic recovery in full swing. Local agents are reporting increased confidence in the market and with tourism numbers up the local economy is strong. Enquiry levels over the Christmas period were the highest in many years, according to local agents. HOUSE MARKET The house sales market activity is consistent with previous quarters and the market is tracking along a very stable trajectory. The median sale price of $270,000 has held steady for the quarter, although volumes have dipped slightly. Days on market have eased out to 106, third longest in the state behind Mackay and Fraser Coast, however vendor discounting hasn t moved and this is a good indicator that sellers are taking care to price their property well. Agents are reporting strong enquiry levels and an increase of self-funded retirees moving up from the southern states. Houses in the $350,000-$450,000 have been selling as investments to baby boomers in the southern states who are not yet ready to retire but want to take advantage of favourable buying conditions now with a view to retiring to the area in a few years. UNIT MARKET The unit and townhouse market in Bundaberg is increasing in volume of transactions, although the median is down. A jump in transactions of about 39 per cent indicates interest is strong but this is coming off a small base. Oceanfront units sold well this quarter, largely to investors, who are seeing good returns. DECEMBER QUARTER

26 REGIONAL MARKET UPDATES S MARKET - HOUSES OF S BUNDABERG (LGA) 200 $270, % $279, % -2.1% BUNDABERG (LGA) ^ 53 $312, % $330, % -5.7% AVENELL HEIGHTS 16 $252, % $271, % -2.5% AVOCA 18 $334, % $295, % -0.1% BARGARA 20 $360, % $384, % -2.1% BRANYAN ^ 12 $344, % $370, % 11.6% BUNDABERG EAST 9 N/A N/A $246, % -10.6% BUNDABERG NORTH 13 $220, % $220, % -14.1% BUNDABERG SOUTH 12 $263, % $250, % -15.3% BUNDABERG WEST 3 N/A N/A $252, % 15.7% BURNETT HEADS 9 N/A N/A $290, % 0.0% CORAL COVE 2 N/A N/A $425, % -9.1% KALKIE 9 N/A N/A $366, % -16.4% KEPNOCK 11 $270, % $262, % -5.1% MILLBANK 2 N/A N/A $240, % -7.4% NORVILLE 11 $225, % $219, % -9.9% SVENSSON HEIGHTS 8 N/A N/A $259, % -1.2% THABEBAN 7 N/A N/A $267, % -8.4% WALKERVALE 3 N/A N/A $228, % 0.0% WOODGATE 3 N/A N/A $380, % -0.6% RENTAL MARKET - 3 BED HOUSES BUNDABERG REGIONAL $ $ ABINGTON $ $ ABBOTSFORD $ $ BOOLBOONDA $ $ NORTH BURNETT REGIONAL $ $ BIGGENDEN $220 6 N.A ARANBANGA $ $ BEERON $ $ BANCROFT $ $ RENTAL MARKET - 2 BED UNITS BUNDABERG REGIONAL $ $ ABINGTON $250 9 N.A ABBOTSFORD $ $ RENTAL MARKET - 3 BED TOWNHOUSES BUNDABERG REGIONAL $290 9 $ ABBOTSFORD $290 9 $ NORTH BURNETT (LGA) S MARKET - UNITS & TOWNHOUSES BUNDABERG (LGA) ~ 43 $260, % $260, % 4.0% AVENELL HEIGHTS 8 N/A N/A $235, % -2.0% BARGARA 9 N/A N/A $310, % -4.2% S MARKET - VACANT LAND BUNDABERG (LGA) 34 $150, % $144, % 4.3% BUNDABERG (LGA) ^ 7 N/A N/A $148, % 10.0% BRANYAN 2 N/A N/A $145, % 6.6% BUNDABERG HOUSE S (p) 42 <$350k $350K+ $500K BUNDABERG CONTINUED RENTAL MARKET Bundaberg s vacancy rate has edged up in the December quarter, reaching 3.9 per cent. The post-2013 flood repairs have been completed and tradies and workers left town, which weakened the rental market a little. With the weakening of the market quite a number of property owners placed their investment properties on the market for sale. Demand and sales for these properties has been taken up by new residents relocating from other areas such as southern and northern Queensland, New South Wales and interstate. The rents held reasonably steady during the December quarter, with median rents dropping slightly for three-bed houses, however, both two-bed houses and three-bed townhouses went up. Gross rental yields for houses held steady at 5.4 per cent and 4.6 per cent for units, making Bundaberg a good performing market for investors. Also, with the weakening returns on bank interest investments retirees are turning to property. These types of buyers are withdrawing funds from banks and the stock market and investing in houses and apartments, particularly those that fall within the $250,000-$350,000 price range. 41 BUNDABERG LAND S (p) BUNDABERG UNIT S (p) <$250k $250K+ $350K+ <$250k $250K+ $350K+ $500K+ 26 QUEENSLAND MARKET MONITOR

27 REGIONAL MARKET UPDATES GLADSTONE The Gladstone region continues to struggle although for the December quarter, market indicators confirmed that the market is not falling and remains, for the moment, in stabilisation phase GLADSTONE HOUSE S (p) Employment is the biggest issue for the area and this has impacted heavily on the real estate market. Little is known about the future of the proposed $700 million Casper Oil Refinery project at Gladstone, which is claimed will bring an additional 1000 jobs during construction and 300 operational jobs, once completed. Gladstone was chosen for its deep water harbour and its port facilities. It is rumoured that with the drop in oil price, plans for a new refinery have been shelved. The rental market is the weakest component of the market and local agents report they are having difficult conversations with landlords, many of whom are interstate and not fully cognisant of the full picture in Gladstone. The State Government recently announced that the Adani Carmichael mine has moved a step closer to the final go-ahead and this is good news for Gladstone, which along with Mackay, may contribute supply of workers to the Galilee Basin mine. HOUSE MARKET The Gladstone median house price improved by 3.2 per cent in the December quarter, rising from $348,500 to $359,500. Transactions were down 18 per cent, which suggests some higher priced houses were sold off this quarter. The one-year average is down by 4.5 per cent and the five-year average is down 5.2 per cent. This is reasonably steady, all things considered. The REIQ has assessed the Gladstone market as stabilising and with days on market shortening to 99 and vendor discounting shrinking to 9.6 per cent from 9.9 per cent we are cautiously optimistic that the bottom of the market has passed. However, the broader economy could use an injection from major infrastructure projects and this will rejuvenate this part of the state. UNIT MARKET For consecutive quarters now the QMM has reported historic low sales volumes in the unit market and once again, there is not enough transactional data to draw meaningful conclusions. With only 15 sales for the quarter, there is not enough data to create a median sale price for the quarter. The days-on-market statistic is 126 and vendor discounting is 10.5 per cent, although this is down from 13 per cent a year ago. Until the workforce stabilises and consumers can be certain of long-term contracts, apartment sales will remain small <$350k $350K+ $500K GLADSTONE UNIT S (p) <$250k $250K+ $350K+ $500K+ GLADSTONE LAND S (p) 3 <$250k $250K+ $350K+ RENTAL MARKET The Gladstone region is about 10 per cent vacancy, which means potential tenants are able to negotiate their rent and as a result, rents are sliding. The RTA reports that rents in all categories three-bed houses, two-bed units, and three-bed townhouses, have dropped by more than $20 a week. With many interstate investors wondering why their investments are unable to be tenanted, agents are finding it difficult to remain optimistic DECEMBER QUARTER

28 REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - VACANT LAND OF S OF S GLADSTONE (LGA) ~ 90 $359, % $365, % -5.2% GLADSTONE (LGA) ^ ~ 21 $500,000 N/A $452, % -4.7% AGNES WATER ^ 5 N/A N/A $325, % -11.8% BOYNE ISLAND 4 N/A N/A $382, % -2.4% CALLIOPE 9 N/A N/A $347, % -1.4% CLINTON 15 $340, % $348, % -6.7% GLEN EDEN 5 N/A N/A $362, % -6.4% KIN KORA 5 N/A N/A $329, % -8.9% KIRKWOOD 3 N/A N/A $427, % -9.8% NEW AUCKLAND 9 N/A N/A $400, % 1.1% SOUTH GLADSTONE 5 N/A N/A $327, % -3.5% TANNUM SANDS ~ 8 N/A N/A $430, % 5.7% TELINA 7 N/A N/A $413, % -11.9% WEST GLADSTONE ~ 9 N/A N/A $267, % -2.1% BANANA (LGA) 8 N/A N/A $260, % -3.7% BILOELA 4 N/A N/A $285, % 8.7% S MARKET - UNITS & TOWNHOUSES GLADSTONE (LGA) ~ 15 N/A N/A $253, % -30.7% GLADSTONE (LGA) ~ * 11 N/A N/A $185, % 0.0% KIRKWOOD ~ 3 N/A N/A $192, % 1.3% RENTAL MARKET - 3 BED HOUSES POST DEC-14 DEC-13 GLADSTONE REGIONAL $ $ AGNES WATER $ $ GLADSTONE $ $ BANANA SHIRE $ $ BILOELA $ $ BAUHINIA $ $ RENTAL MARKET - 2 BED UNITS GLADSTONE REGIONAL $ $ AGNES WATER $ $ GLADSTONE $ $ BANANA SHIRE $ $ BILOELA $270 9 $ RENTAL MARKET - 3 BED TOWNHOUSES GLADSTONE REGIONAL $ $ GLADSTONE $ $ ROCKHAMPTON The Rockhampton market is recovering and the number of transactions continues to hold steady for another quarter. The December quarter is traditionally a quieter quarter, both from rentals and sales of houses and units. With a transient student population leaving the beef capital city from mid-november vacancies traditionally rise and sales also tail off. Activity doesn t resume until mid-to-late January. Beef prices are rising, which is good news for the area, but drought is still a significant issue plaguing the broader agricultural sector. The Federal Government is talking about introducing water storage in the area which would be good news for this largely agribusiness-reliant part of the state. Locals are talking about a push away from mining and a push towards agriculture to support the region. HOUSE MARKET While the median has slipped marginally, to $279,000 the volume of sales are up on the previous quarter due to increased activity in the affordable end of the spectrum. Market sentiment seems to be cautiously optimistic and the December quarter was steady, with all market indicators consistent with the previous quarter. More of the same is how local agents described the December quarter house sales, with many reporting that first-home buyers and young second-home buyers were the most active demographic. As the mining downturn continues to be felt across central Queensland, buyers are reported to be very price sensitive. UNIT MARKET With fewer than 20 unit sales this quarter, there was not enough data to create a median price. This market will need long-term net migration to absorb existing stock before any significant activity will happen and this may take months. RENTAL MARKET Rockhampton s vacancy rate eased from 4.5 per cent to 6.1 per cent during December, however, this is traditionally a quiet quarter and it is expected to come down in the March quarter data. Rents held steady across the December quarter in all categories except the three-bed townhouses, where rents dropped by more than $20 a week. It is difficult to draw a conclusion from this beyond the December quarter being traditionally quiet. It s possible that the university, which is a big pipeline for the Rockhampton rental market, is seeing dropping student numbers. However, the improving beef market and export markets should boost the influx of renters to the beef capital of Australia. 28 QUEENSLAND MARKET MONITOR

29 REGIONAL MARKET UPDATES S MARKET - HOUSES OF S ROCKHAMPTON (LGA) ~ 183 $279, % $287, % -4.3% ROCKHAMPTON (LGA) ^ 14 N/A N/A $380, % 5.6% ALLENSTOWN 10 $236,000 N/A $241, % -8.6% BERSERKER ~ 16 $252, % $220, % -2.5% FRENCHVILLE 34 $305, % $317, % -1.0% GRACEMERE 17 $286, % $312, % -1.1% KAWANA 6 N/A N/A $316, % -1.4% KOONGAL ~ 8 N/A N/A $232, % -0.9% MOUNT MORGAN ~ 4 N/A N/A $115, % -28.8% NORMAN GARDENS ~ 26 $332, % $400, % -9.7% PARK AVENUE 13 $239, % $253, % 1.9% THE RANGE ~ 19 $353, % $365, % -9.4% WANDAL 14 $302, % $301, % 3.6% RENTAL MARKET - 2 BED UNITS ROCKHAMPTON REGIONAL $ $ ALLENSTOWN $ $ BERSERKER $ $ LIVINGSTONE SHIRE $ $ ALBERTA $ $ ADELAIDE PARK $ $ CENTRAL HIGHLANDS REGIONAL $ $ BLACKWATER $ $ EMERALD $ $ RENTAL MARKET - 3 BED TOWNHOUSES ROCKHAMPTON REGIONAL $300 9 $ BERSERKER $260 5 $320 7 LIVINGSTONE SHIRE $350 5 $ CENTRAL HIGHLANDS (LGA) ~ 19 N/A N/A $200, % -43.3% BLACKWATER ~ 5 N/A N/A $135, % -33.3% EMERALD ~ 14 $365,000 N/A $250, % -8.7% LIVINGSTONE (LGA) 67 $367, % $376, % -1.7% LIVINGSTONE (LGA) ^ 28 $512, % $480, % 4.3% EMU PARK 5 N/A N/A $357, % -1.4% LAMMERMOOR ~ 5 N/A N/A $410, % 11.9% YEPPOON 20 $350, % $376, % -6.8% ZILZIE 6 N/A N/A $372, % 5.3% S MARKET - UNITS & TOWNHOUSES ROCKHAMPTON (LGA) 16 N/A N/A $345, % 23.2% ROCKHAMPTON CITY 1 N/A N/A $435, % 11.8% ROCKHAMPTON & LIVINGTONE HOUSE S (p) LIVINGSTONE (LGA) 29 $348,134 N/A $345, % 1.5% YEPPOON 19 $351,268 N/A $351, % -9.9% S MARKET - VACANT LAND ROCKHAMPTON (LGA) 22 $167, % $160, % 18.5% GRACEMERE 7 N/A N/A $148, % 13.4% NORMAN GARDENS 9 N/A N/A $170, % -2.9% <$350k $350K+ $500K LIVINGSTONE (LGA) 23 $172, % $168, % 5.3% HIDDEN VALLEY 3 N/A N/A $176,000 N/A N/A PARKHURST 4 N/A N/A $165, % N/A ZILZIE 3 N/A N/A $159, % -12.9% RENTAL MARKET - 3 BED HOUSES ROCKHAMPTON REGIONAL $ $ ALLENSTOWN $ $ BERSERKER $ $ BAREE $ $ LIVINGSTONE SHIRE $ $ ALBERTA $ $ ADELAIDE PARK $ $ EMU PARK $ $ CENTRAL HIGHLANDS REGIONAL $ $ TIERI $100 6 N/A N/A 4717 BLACKWATER $ $ EMERALD $ $ CAPELLA $195 6 $225 7 ROCKHAMPTON & LIVINGTONE UNIT S (p) <$250k $250K+ $350K+ $500K+ ROCKHAMPTON & LIVINGTONE LAND S (p) <$250k $250K+ $350K+ DECEMBER QUARTER

30 REGIONAL MARKET UPDATES MACKAY The Mackay market continues to struggle and the December quarter rounds out what has been a very tough year for the region. There is a spotlight of interest on Mackay, with recent visits from the Prime Minister, the Deputy Prime Minister and the Queensland Premier. As a result of local political pressure some infrastructure projects are being fast-tracked which, it is hoped, will contribute to jobs growth in the area. The government-funded ring road around Mackay is in final design stages before commencement is due to begin. Improvements are being made to the Peak Downs Highway and there is also a funded upgrade being made to the mountain range. This upgrade has started preliminary work which should boost employment. The Abbot Point expansion, which has been given the green light, will also bring jobs to the region, if not directly to Mackay. The area continues to wait on further news of the Adani Carmichael mine. During construction phase, this project will bring an estimated 1500 jobs to the region. If these projects all get under way soon then the region should see an immediate uptick in confidence and property prices will invariably follow. Anecdotally, long-term residents and local agents are saying that Mackay is returning to the pre- mining boom levels. This means the stock levels will take some time to be absorbed. Local media is reporting that Mackay Airport is about to announce international flights which will make the region truly the gateway to the Great Barrier Reef that it has always claimed to be. Whitsunday Airport near Proserpine may also be moving towards taking international flights, which will bring to a total of three the number of international airports, including Mackay and Hamilton Island. HOUSE MARKET Even though the median price has slipped, there are more buyers, with 192 transactions this quarter, up from 180 last quarter. This is a good indication that there is still some interest in the area. The REIQ continues to categorise Mackay as stabilising although we are watching the market closely over coming quarters. The market is seeing first-home buyers make good purchasing decisions with good affordability and low interest rates favouring this demographic UNIT MARKET Units are doing well, under the circumstances, with the median sale price improving this quarter, up by more than 10 per cent to $280,000. The volume is up, although this is off a small base, and with a project settling in December, apartment sales figures were impacted. First-home buyers are entering the market in bigger numbers, encouraged by affordable unit prices and low interest rates. For those who have secure employment, the market is providing ample choice in most price points. However, it would be premature to take these green shoots of growth in the unit market as a sign of recovery. With the notable exception of Fraser Coast, Mackay days on market statistics are the longest in the state, at 110 days for houses and 134 days for units. It is still very much in the stabilisation phase and we see this continuing for some time, or at least until the infrastructure projects begin and jobs are growing. RENTAL MARKET MACKAY HOUSE S (p) 69 <$350k $350K+ $500K+ The vacancy rate in Mackay is holding steady at 9.3 per cent. Tenants are said to be taking longer leases and there are far fewer three-month leases and breaklease situations taking place. This indicates that the employment market is holding steady. Rents have eased only slightly this quarter, in the threebed houses and two-bed unit categories. The average weekly rent for a two-bed unit in Mackay is now $200, which is the cheapest in the state, along with Gladstone. Local agents are reporting that tenants are still negotiating on rents but are taking more six-month and 12-month leases, which is a sign of stabilisation. 68 Mackay Airport is about to announce international flights which will make the region truly the gateway to the Great Barrier Reef QUEENSLAND MARKET MONITOR

31 REGIONAL MARKET UPDATES S MARKET - HOUSES OF S MACKAY (LGA) 192 $341, % $358, % -11.5% MACKAY (LGA) ^ ~ 18 N/A N/A $445, % -8.2% ANDERGROVE 17 $320, % $322, % -3.8% BEACONSFIELD ~ 9 N/A N/A $345, % -3.7% BLACKS BEACH 10 $350,000 N/A $385, % -8.4% BUCASIA 7 N/A N/A $350, % -5.1% EAST MACKAY 9 N/A N/A $405, % -9.5% EIMEO 10 $340,500 N/A $385, % 1.3% GLENELLA 7 N/A N/A $495, % -11.2% MARIAN 7 N/A N/A $420, % 8.9% MOUNT PLEASANT 8 N/A N/A $385, % -2.4% NORTH MACKAY 10 $202,500 N/A $276, % -11.0% OORALEA 8 N/A N/A $415, % -7.5% RURAL VIEW 16 $347,500 N/A $395, % -2.3% SARINA ~ 6 N/A N/A $249, % 2.5% SLADE POINT 3 N/A N/A $325, % -15.0% SOUTH MACKAY ~ 13 $250, % $280, % -2.6% WALKERSTON ~ 10 $325,000 N/A $370, % -0.2% WEST MACKAY 14 $277, % $336, % -5.3% ISAAC (LGA) ~ 21 $140, % $190, % -55.8% MORANBAH ~ 12 $170,000 N/A $200, % -46.7% WHITSUNDAY (LGA) ~ 42 $385, % $380, % 3.4% WHITSUNDAY (LGA) ^ 9 N/A N/A $450, % -1.4% BOWEN ~ 9 N/A N/A $290, % -1.8% CANNONVALE 16 $417, % $425, % 1.5% PROSERPINE 3 N/A N/A $235, % -10.8% RENTAL MARKET - 3 BED HOUSES MACKAY REGIONAL $ $ ARMSTRONG BEACH $ $ ALEXANDRA $ $ BALL BAY $250 5 $ BUCASIA $ $ GREENMOUNT $ $ DEVEREUX CREEK $270 7 $280 6 ISAAC REGIONAL $ $ CLERMONT $ $ MORANBAH $ $ DYSART $ $ GERMAN CREEK $ $ WHITSUNDEY REGIONAL $ $ ANDROMACHE $ $ AIRLIE BEACH $ $ BINBEE $ $ RENTAL MARKET - 2 BED UNITS MACKAY REGIONAL $ $ ARMSTRONG BEACH $175 6 $ ALEXANDRA $ $ GREENMOUNT $ $ ISAAC REGIONAL $ $ CLERMONT $165 5 N.A MORANBAH $ $ GERMAN CREEK $200 7 $225 5 WHITSUNDEY REGIONAL $ $ ANDROMACHE $200 9 $ AIRLIE BEACH $ $ BINBEE $ $ S MARKET - UNITS & TOWNHOUSES MACKAY (LGA) ~ 36 $280, % $275, % -13.4% MACKAY ~ t 10 $292,500 N/A $345, % 6.2% WHITSUNDAY (LGA) ~ 30 $357, % $277, % -12.6% AIRLIE BEACH 17 $520,000 N/A $382, % -4.3% CANNONVALE ~ 10 $177,600 N/A $229, % -33.6% RENTAL MARKET - 3 BED TOWNHOUSES MACKAY REGIONAL $ $ ALEXANDRA $ $ ISAAC REGIONAL $ $ WHITSUNDEY REGIONAL $ $ AIRLIE BEACH $ $ S MARKET - VACANT LAND MACKAY (LGA) ~ 15 N/A N/A $185, % 0.5% RURAL VIEW ~ 2 N/A N/A $160, % -23.1% WHITSUNDAY (LGA) 13 N/A N/A $174, % 9.1% CANNONVALE 2 N/A N/A $171, % 17.9% 15 MACKAY UNIT S (p) 22 MACKAY LAND S (p) <$250k $250K+ $350K+ $500K+ <$250k $250K+ $350K+ DECEMBER QUARTER

32 REGIONAL MARKET UPDATES TOWNSVILLE As this report was being prepared, news broke that Queensland Nickel, the nickel refinery in Townsville, would terminate 550 workers. Townsville already struggles with one of the highest unemployment rates in the state, so this will be an added burden to the area. However, the State Government has announced $210 million of accelerated works projects that would deliver 480 jobs to Townsville, including a $25 million investment to improve the reliability of the Mt Isa rail line that would deliver 75 jobs. With employment uncertainty ahead in Townsville it s likely that real estate will experience further challenges. However, with the government s jobs program being fasttracked, it s hoped that workers will transition from the nickel refinery into other jobs. This will support the real estate market. Despite the recent uncertainty, Townville reported a somewhat positive December quarter recording a median sale price of $350,000 for houses and $290,000 for units. HOUSE MARKET Sales were reasonably solid, considering. Local agents reported that December and moving into January, there was a good level of sales. Key reasons include a combination of having a good level of stock on the shelves and new families transferring into the area. Although anecdotally sales were strong, pricing was key to moving stock and with buyers enjoying significant levels of choice during this quarter, sellers needed to be pragmatic and meet the market in their negotiations. The most active demographic in the market was the upgraders who had steady employment prospects, moving onto their second or third home. Days on market were 96 days in the December quarter, which is one of the highest in the state and vendor discounting is similarly high at around 8.9 per cent. UNIT MARKET The supply of apartments is still being absorbed from the construction boom some years ago, and so prices accordingly haven t grown much. Local agents expect that the significant level of supply will take another 12 to 18 months to be absorbed. The unit market is best described as subdued. The back half of 2015, from August/September to Christmas, the market got noticeably harder to operate in. The sales were there, but you were dealing with twice the stock levels to achieve the same sales volumes. You were dealing with a lot more clients and things were taking longer to sell. Townsville is not attracting much investor interest at the moment, but with good buys on offer that may change RENTAL MARKET TOWNSVILLE HOUSE S (p) 149 <$350k $350K+ $500K+ At 6.4 per cent, Townsville s vacancy rate is weak but rentals are holding steady. Rental prices have not slid noticeably and the fluid workforce is keeping a supply of renters to the market. Landlords of older stock are offering rental incentives to keep good tenants locked in, but largely the market continues to move at a steady pace. The average rent for a three-bedroom house is $310 which is pretty competitive with the rest of the state and is up slightly on the previous quarter. Two-bed units also rose slightly over the December quarter, to $260 a week, while three-bed townhouses dropped to $300 a week. The rental market is likely to struggle in the March quarter as the nickel refinery layoffs come to fruition, however, the State Government s fast-tracked infrastructure projects may offset the main impact of that. Time will tell. 171 TOWNSVILLE UNIT S (p) <$250k $250K+ $350K+ $500K+ $1M+ 22 Local agents reported that December and moving into January, there was a good level of sales QUEENSLAND MARKET MONITOR

33 REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - VACANT LAND OF S OF S TOWNSVILLE (LGA) 480 $350, % $349, % -6.9% TOWNSVILLE (LGA) ^ 34 $431, % $435, % -0.6% AITKENVALE 15 $320,000 N/A $320, % -11.6% ALICE RIVER ^ 2 N/A N/A $508, % -1.1% ANNANDALE 25 $452, % $415, % -9.4% BOHLE PLAINS 4 N/A N/A $415, % -3.4% BURDELL 18 $427, % $411, % 8.8% BUSHLAND BEACH 20 $382, % $391, % 0.6% CONDON 15 $300, % $288, % -12.1% COSGROVE 1 N/A N/A $390,000 N/A N/A CRANBROOK 9 N/A N/A $285, % -12.4% CURRAJONG 7 N/A N/A $292, % -2.6% DEERAGUN 4 N/A N/A $302, % -11.3% DOUGLAS 30 $399, % $390, % -7.7% GULLIVER 9 N/A N/A $271, % 2.4% HEATLEY 11 $255,000 N/A $255, % -10.7% HERMIT PARK 10 $325, % $346, % -7.7% HYDE PARK 2 N/A N/A $377, % -13.3% IDALIA 17 $520, % $522, % 7.1% KELSO ~ 20 $255, % $270, % -8.4% KIRWAN 64 $337, % $340, % -7.3% MOUNT LOUISA 38 $365, % $375, % -7.4% MUNDINGBURRA 14 $370,000 N/A $349, % 2.8% NORTH WARD ~ 7 N/A N/A $690, % -12.0% OONOONBA 3 N/A N/A $287, % -2.4% RAILWAY ESTATE 12 $372, % $352, % -5.7% RANGEWOOD ^ 1 N/A N/A $465, % -3.0% RASMUSSEN 17 $395, % $374, % -6.8% SOUTH TOWNSVILLE 6 N/A N/A $350, % -11.0% THURINGOWA CENTRAL 5 N/A N/A $302, % -17.8% VINCENT 8 N/A N/A $247, % -6.1% WEST END 9 N/A N/A $360, % -5.8% WULGURU 10 $295,500 N/A $292, % -9.8% TOWNSVILLE (LGA) 64 $157, % $160, % -2.4% TOWNSVILLE (LGA) ^ 9 N/A N/A $194, % -9.3% BOHLE PLAINS - N/A N/A $167, % -4.3% BURDELL 4 N/A N/A $157, % -6.5% BUSHLAND BEACH 4 N/A N/A $154, % 1.6% KELSO 1 N/A N/A $140, % -6.6% MOUNT LOUISA 3 N/A N/A $176, % 5.1% MOUNT LOW 17 $158,000 N/A $157, % 0.0% OONOONBA - N/A N/A $157, % -23.7% SHAW 5 N/A N/A $159, % N/A RENTAL MARKET - 3 BED HOUSES TOWNSVILLE CITY $ $ BELGIAN GARDENS $ $ IDALIA $ $ CURRAJONG $ $ AITKENVALE $ $ CONDON $ $ ALLIGATOR CREEK $ $ KIRWAN $ $ DEERAGUN $ $ MAGNETIC IS $ $ BURDEKIN SHIRE $ $ ARKENDEITH $ $ AIRVILLE $ $ CHARTERS TOWERS REGIONAL $ $ RICHMOND HILL $ $ HINCHINBROOK SHIRE $ $ ABERGOWRIE $ $ BURDEKIN (LGA) ~ 16 N/A N/A $181, % -24.6% AYR ~ 10 $177, % $202, % -3.7% CHARTERS TOWERS (LGA) ~ 14 N/A N/A $172, % -13.8% CHARTERS TOWERS CITY ~ 9 N/A N/A $152, % -10.9% HINCHINBROOK (LGA) 13 N/A N/A $220, % -12.9% INGHAM ~ 4 N/A N/A $210, % 1.1% S MARKET - UNITS & TOWNHOUSES TOWNSVILLE (LGA) ~ 103 $290, % $280, % -15.0% BELGIAN GARDENS 1 N/A N/A $330, % -8.3% DOUGLAS 3 N/A N/A $312, % 0.2% NORTH WARD ~ 20 $290, % $306, % -14.4% PIMLICO 6 N/A N/A $240, % -9.4% SOUTH TOWNSVILLE * 7 N/A N/A $468, % -7.0% TOWNSVILLE CITY ~ 14 $422, % $438, % -1.6% WEST END ~ 7 N/A N/A $200, % -31.9% TOWNSVILLE LAND S (p) RENTAL MARKET - 2 BED UNITS TOWNSVILLE CITY $ $ BELGIAN GARDENS $ $ IDALIA $ $ CURRAJONG $ $ AITKENVALE $ $ CONDON $ $ KIRWAN $ $ DEERAGUN $ $ MAGNETIC IS $ $ BURDEKIN SHIRE $ $ AIRVILLE $ $ CHARTERS TOWERS REGIONAL $170 7 $ RICHMOND HILL $170 7 $ HINCHINBROOK SHIRE $ $ ABERGOWRIE $ $ RENTAL MARKET - 3 BED TOWNHOUSES TOWNSVILLE CITY $ $ BELGIAN GARDENS $300 8 N.A CURRAJONG $300 8 $ RENTAL MARKET - 2 BED TOWNHOUSES TOWNSVILLE CITY $ $ BELGIAN GARDENS $ $ CURRAJONG $ $ AITKENVALE $285 8 $ <$250k $250K+ $350K+ DECEMBER QUARTER

34 REGIONAL MARKET UPDATES CAIRNS The Cairns economy has performed well in the second half of 2015 and the housing market sentiment among locals and industry insiders is extremely positive. The crane index has been dormant in Cairns for many years, but with the $50 million Cairns Aquarium now under construction the Cairns skyline will finally welcome back a crane. Construction on several big-ticket items is about to commence and this is likely to have a multiplier effect on sentiment. Cranes breed cranes, as one local agent said! The lower Aussie dollar is also benefiting Cairns tourism industry with both international and local visitors coming in good numbers. Additionally, new, regular flights have opened up between Cairns and Toowoomba from Toowoomba s Wellcamp Airport and this will bring additional visitors. HOUSE MARKET While the local economy is clearly moving into positive growth phase, house sales volumes have dipped a little, causing a similar small dip in the median house price. Average days on market are 70, which is just two days longer than this time last year, and vendor discounting has eased slightly, to 8.9 per cent, from 7.7 per cent. Largely, the indicators reveal a consistent picture for the Cairns house market, with these small variances not really indicative of the bigger picture but more reflective of a traditionally quiet December quarter. UNIT MARKET This market is being affected by high body corporate fees, which is among the highest fees in the state, according to locals. Agents are reporting high level of enquiry from investors who are attracted to an affordable investment unit in Cairns, lured in by good yields and return on investment. However, body corporate fees, which can average around $4000 a year and be as high as $20,000, are serving to redirect the interest towards detached housing. Cairns apartment market is very well stocked and existing supplies are still being absorbed from the busy unit construction period prior to Local agents don t expect any upward pressure on pricing to take effect until mid-to-late RENTAL MARKET <$350k $350K+ $500K+ $1M+ 186 CAIRNS & DOUGLAS HOUSE S (p) <$250k $250K+ $350K+ $500K+ $1M The Cairns vacancy rate for December was 2.5 per cent. This is tight and reflects a very busy rental market. Accordingly, investors are getting great returns, and gross rental yields for units are the highest in the state, at 6.7 per cent, and a solid 4.7 per cent for houses. Rents for three-bed houses and two-bed units responded to the upward pressure and edged up slightly, while three-bed townhouses, which command an average of $350 a week, went down by more than $ CAIRNS & DOUGLAS UNIT S (p) CAIRNS & DOUGLAS LAND S (p) <$250k $250K+ $350K+ $500K The Cairns vacancy rate... is tight and reflects a very busy rental market. 34 QUEENSLAND MARKET MONITOR

35 REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - UNITS & TOWNHOUSES (CONT D) OF S OF S CAIRNS (LGA) 449 $400, % $400, % 8.8% CAIRNS (LGA) ^ ~ 22 $643, % $620, % -7.5% BAYVIEW HEIGHTS 13 $370, % $380, % 9.4% BENTLEY PARK 18 $367, % $347, % 6.0% BRINSMEAD 24 $452, % $445, % 5.3% BUNGALOW 7 N/A N/A $344, % 8.5% CARAVONICA 4 N/A N/A $375, % 2.5% CLIFTON BEACH 13 $510,000 N/A $535, % 4.0% EARLVILLE 13 $385, % $361, % 15.7% EDGE HILL 19 $480, % $485, % 1.6% EDMONTON 31 $345, % $335, % 4.7% FRESHWATER ~ 4 N/A N/A $502, % -3.1% GOLDSBOROUGH ^ 5 N/A N/A $470, % N/A GORDONVALE 16 $315, % $311, % 5.3% GORDONVALE ^ 2 N/A N/A $650, % -8.8% HOLLOWAYS BEACH 6 N/A N/A $376, % 15.6% KANIMBLA 9 N/A N/A $503, % 2.9% KEWARRA BEACH ~ 23 $402, % $428, % 7.6% MANOORA 4 N/A N/A $310, % -9.2% MANUNDA 12 $313,500 N/A $340, % 3.3% MOOROOBOOL 21 $400, % $385, % 8.8% MOUNT SHERIDAN ~ 32 $385, % $370, % 5.4% PALM COVE ~ 9 N/A N/A $700, % 19.7% PARRAMATTA PARK 2 N/A N/A $422, % -2.6% REDLYNCH 34 $475, % $460, % 10.8% SMITHFIELD 29 $405, % $415, % 12.2% TRINITY BEACH ~ 14 $464, % $480, % 20.5% TRINITY PARK 22 $416, % $425, % 13.2% WESTCOURT 1 N/A N/A $350, % 11.7% WHITE ROCK 11 $358, % $330, % 5.8% WHITFIELD 16 $467, % $498, % 15.0% WOREE 9 N/A N/A $360, % 0.5% CASSOWARY COAST (LGA) 52 $250, % $242, % -9.3% CASSOWARY COAST (LGA) ^ 22 $330,000 N/A $360, % 5.1% DOUGLAS (LGA) ~ 19 N/A N/A $430, % 11.3% PORT DOUGLAS 7 N/A N/A $530, % 3.5% MAREEBA (LGA) 27 $265, % $266, % -6.6% MAREEBA (LGA) ^ ~ 33 $420, % $450, % 9.8% KURANDA ^ 7 N/A N/A $460, % 1.8% MAREEBA 23 $260, % $267, % -1.8% TABLELANDS (LGA) ~ 38 $281, % $305, % 3.4% TABLELANDS (LGA) ^ ~ 27 $370,000 N/A $405, % 2.5% ATHERTON ~ 15 $325, % $310, % -0.6% TOLG A ^ 4 N/A N/A $410, % -3.4% S MARKET - UNITS & TOWNHOUSES CAIRNS (LGA) 267 $225, % $225, % -14.3% BUNGALOW ~ 8 N/A N/A $158, % -6.0% CAIRNS CITY ~ f 29 $388, % $375, % -11.2% CAIRNS NORTH ~ 36 $245, % $240, % -16.7% EARLVILLE ~ 3 N/A N/A $215, % -18.6% EDGE HILL ~ 8 N/A N/A $200, % -9.1% EDMONTON ~ t - N/A N/A $183, % 4.9% FRESHWATER 5 N/A N/A $317, % 15.5% MANOORA ~ 21 $195, % $167, % -9.5% MANUNDA ~ 15 $133, % $141, % -22.3% MOOROOBOOL ~ 10 $207,500 N/A $216, % 0.7% PALM COVE ~ 23 $272, % $270, % -20.6% PARRAMATTA PARK ~ 5 N/A N/A $247, % -4.1% TRINITY BEACH ~ 28 $240, % $259, % -7.5% WESTCOURT ~ 14 $222,000 N/A $225, % -10.0% WOREE ~ 10 $118, % $125, % -20.9% YORKEYS KNOB 11 $211,000 N/A $215, % -14.7% DOUGLAS (LGA) ~ 53 $205, % $217, % -7.4% PORT DOUGLAS ~ 43 $212, % $215, % -8.1% ATHERTON 1 N/A N/A $205, % -29.9% S MARKET - VACANT LAND CAIRNS (LGA) ~ 61 $208, % $205, % 20.6% EDMONTON 10 $154,350 N/A $153, % 15.6% GORDONVALE 3 N/A N/A $140, % 15.1% KANIMBLA - N/A N/A $245, % 14.0% KEWARRA BEACH 1 N/A N/A $248,000 N/A N/A REDLYNCH ~ * 6 N/A N/A $244, % 39.5% SMITHFIELD ~ 9 N/A N/A $208, % 15.7% TRINITY PARK * 8 N/A N/A $225, % 26.2% CASSOWARY COAST (LGA) 13 N/A N/A $88, % -34.8% MISSION BEACH 4 N/A N/A $114, % N/A DOUGLAS (LGA) 12 N/A N/A $147, % 5.1% MAREEBA (LGA) 7 N/A N/A $95, % -3.1% MAREEBA 7 N/A N/A $95, % -3.1% RENTAL MARKET - 3 BED HOUSES CAIRNS REGIONAL $ $ GOLDSBOROUGH $ $ BAYVIEW HEIGHTS $ $ BENTLEY PARK $ $ AEROGLEN $ $ BARRON $ $ BUCHAN POINT $ $ DOUGLAS SHIRE $ $ BAILEY CREEK $ $ CASSOWARY COAST REGIONAL $ $ CARDWELL $290 7 $ BINGIL BAY $ $ BILYANA $ $ COMOON LOOP $300 6 N.A BAMBOO CREEK $ $ TABLELANDS REGIONAL $ $ BARRINE $310 9 $ TOLG A $305 6 $ ATHERTON $ $ LAKE BARRINE $300 9 $ BUTCHERS CREEK $ $ HERBERTON $280 6 N.A EVELYN $250 8 $ MAREEBA SHIRE $ $ ARRIGA $ $ DECEMBER QUARTER

36 REGIONAL MARKET UPDATES RENTAL MARKET - 2 BED UNITS CAIRNS REGIONAL $ $ BAYVIEW HEIGHTS $ $ BENTLEY PARK $ $ AEROGLEN $ $ BARRON $ $ BUCHAN POINT $ $ DOUGLAS SHIRE $ $ BAILEY CREEK $215 8 $ CRAIGLIE $ $ CASSOWARY COAST REGIONAL $ $ CARDWELL $ $ BINGIL BAY $ $ BILYANA $ $ BAMBOO CREEK $ $ TABLELANDS REGIONAL $ $ ATHERTON $ $ MAREEBA SHIRE $ $ ARRIGA $ $ RENTAL MARKET - 3 BED TOWNHOUSES CAIRNS REGIONAL $ $ AEROGLEN $340 8 $ BUCHAN POINT $345 6 N.A. 3 DOUGLAS SHIRE $ $ CRAIGLIE $ $375 8 RENTAL MARKET - 2 BED TOWNHOUSES CAIRNS REGIONAL $ $ BAYVIEW HEIGHTS $ $ BENTLEY PARK $ N.A AEROGLEN $ $ BARRON $ $ BUCHAN POINT $275 8 $290 8 DOUGLAS SHIRE $ $ CRAIGLIE $ $ OTHER REGIONAL S MARKET - HOUSES OF S S MARKET - VACANT LAND SOUTH-WEST MARANOA (LGA) 12 N/A N/A $260, % -6.8% ROMA 10 $260, % $275, % 7.3% CHARLEVILLE ~ 3 N/A N/A $119, % -20.0% NORTH-WEST MOUNT ISA (LGA) ~ 14 N/A N/A $332, % -5.1% COOKTOWN 1 N/A N/A $225, % -17.8% TABLELANDS (LGA) 5 N/A N/A $103, % -12.0% ATHERTON ~ * 3 N/A N/A $100, % -19.7% RENTAL MARKET - 3 BED HOUSES SOUTH WEST BALONNE SHIRE $ $ ST GEORGE $ $ MARANOA REGIONAL $ $ ROMA $ $ MURWEH $ $ CHARLEVILLE $ $ CENTRAL WEST LONGREACH $ $ BRIXTON $ $ BLACKALL-TAMBO $150 5 N.A BLACKALL $150 5 N.A. 2 NORTH WEST CLONCURRY SHIRE $ $ CLONCURRY $ $ MOUNT ISA CITY $ $ ALEXANDRIA $ $ FAR NORTH COOK SHIRE $ $ ALMADEN $ $ BLOOMFIELD $270 8 $330 9 RENTAL MARKET - 2 BED UNITS SOUTH WEST BALONNE SHIRE $180 7 N.A ST GEORGE $180 6 N.A. 2 MARANOA REGIONAL $ $ ROMA $ $ CENTRAL WEST NORTH WEST CLONCURRY SHIRE $280 5 N.A CLONCURRY $280 5 N.A. 4 MOUNT ISA CITY $ $ ALEXANDRIA $ $ FAR NORTH COOK SHIRE $ $ ALMADEN $180 7 N/A N/A 4895 BLOOMFIELD $280 5 $ QUEENSLAND MARKET MONITOR

37 ON THE MARKET INDICATORS HOUSES ON THE MARKET INDICATORS OVER YEAR LGA TOTAL LISTINGS % STOCK ON MARKET DAYS ON MARKET* VENDOR DISCOUNT* TOTAL LISTINGS % STOCK ON MARKET DAYS ON MARKET* VENDOR DISCOUNT* 12MTHS ENDING AUG 2015* 2014* 2015* 2014* 2015* 2014* 2015* 2014* PTS PTS BRISBANE SD 44,979 44, % 7.1% % -5.7% 1% 0.0% 2 0.1% BRISBANE 19,807 20, % 6.6% % -5.5% -1% -0.1% 2-0.0% IPSWICH 4,623 4, % 7.2% % -6.5% 5% 0.2% 2 0.2% LOGAN 6,751 6, % 7.4% % -5.8% 5% 0.2% % MORETON BAY 9,832 9, % 7.4% % -5.4% 3% 0.2% 0 0.2% REDLAND 3,966 3, % 8.4% % -5.7% 3% -0.5% 5 0.1% GOLD COAST 10,335 9, % 7.9% % -6.1% 4% 0.3% % SUNSHINE COAST SD 9,273 9, % 9.5% % -5.9% -0% -0.4% % SUNSHINE COAST 7,262 7, % 9.2% % -5.6% -0% -0.4% % NOOSA 2,011 2, % 10.5% % -6.7% 0% -0.0% % FRASER COAST 3,752 3, % 9.6% % -7.9% 6% 0.5% 4 0.1% CAIRNS 3,467 3, % 6.8% % -5.7% 13% 0.7% 2-0.8% BUNDABERG 2,881 2, % 8.4% % -7.9% 2% 0.1% % GLADSTONE 1,561 1, % 7.7% % -9.9% -8% -0.7% % MACKAY 2,620 2, % 7.0% % -9.7% -2% -0.2% % ROCKHAMPTON 2,181 2, % 7.9% % -8.7% -3% -0.2% % TOOWOOMBA 4,168 4, % 8.5% % -4.5% -1% -0.1% 4-1.1% TOWNSVILLE 4,225 4, % 7.1% % -7.7% -1% -0.2% 6-1.2% Average Days On Market - HOUSES *12mths to the end of November Source: REIQ, data supplied by CoreLogic RP Data * 2015* 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% 2014* 2015* Average Vendor Discounting - HOUSES DECEMBER QUARTER

38 ON THE MARKET INDICATORS UNITS & TOWNHOUSES OVER YEAR LGA TOTAL LISTINGS % STOCK ON MARKET DAYS ON MARKET* VENDOR DISCOUNT* TOTAL LISTINGS % STOCK ON MARKET DAYS ON MARKET* VENDOR DISCOUNT* 12MTHS ENDING AUG 2015* 2014* 2015* 2014* 2015* 2014* 2015* 2014* PTS PTS BRISBANE SD 14,094 13, % 7.4% % -5.1% 6% 0.0% 5-0.0% BRISBANE 9,470 8, % 6.5% % -4.7% 8% 0.2% 7-0.0% IPSWICH % 10.4% % -7.4% 2% -1.3% 0 0.2% LOGAN 1,489 1, % 10.5% % -6.1% 2% -0.1% % MORETON BAY 2,004 2, % 9.3% % -5.8% 0% -0.4% 3 0.0% REDLAND % 9.1% % -5.1% 6% 0.0% % GOLD COAST 11,629 10, % 9.1% % -6.6% 7% 0.4% % SUNSHINE COAST SD 4,823 4, % 9.7% % -6.5% 1% 0.1% % SUNSHINE COAST 3,755 3, % 9.6% % -6.5% 2% 0.1% % NOOSA 1,068 1, % 10.0% % -6.6% -2% -0.0% 5-0.3% FRASER COAST % 11.6% % -6.3% 14% 1.3% % CAIRNS 1,993 1, % 8.3% % -7.3% 8% 0.8% 1-0.1% BUNDABERG % 11.0% % -8.8% -1% -0.3% % GLADSTONE % 6.6% % -13.1% -5% -0.5% % MACKAY % 7.2% % -14.0% 5% 0.2% % ROCKHAMPTON % 7.2% % -7.6% 19% 0.7% % TOOWOOMBA % 8.3% % -4.4% -0% -0.9% % TOWNSVILLE 1,212 1, % 10.0% % -9.9% 0% -0.2% % * 2015* Average Days On Market - UNITS *12mths to the end of November 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% 2014* 2015* Average Vendor Discounting - UNITS 38 QUEENSLAND MARKET MONITOR

39 RENTAL MARKET INDICATORS RENTAL MARKET INDICATORS GROSS YIELDS HOUSES UNITS QUARTER: DEC-15 SEP-15 DEC-15 SEP-15 GREATER BRISBANE BRISBANE 3.5% 3.6% 4.8% 4.8% IPSWICH 4.8% 4.9% 4.6% 5.1% LOGAN 4.9% 5.1% 5.7% 5.9% MORETON BAY 4.3% 4.5% 4.5% 4.4% REDLAND 4.1% 4.2% 5.0% 4.4% TOURISM CENTRES GOLD COAST 4.2% 4.3% 5.3% 5.7% SUNSHINE COAST 4.4% 4.4% 4.9% 4.9% NOOSA 4.3% 4.3% 4.5% 4.3% FRASER COAST 5.2% 5.0% 5.7% 5.9% CAIRNS 4.7% 4.7% 6.7% 6.6% REGIONAL/RESOURCE AREAS BUNDABERG 5.4% 5.5% 4.6% 4.2% GLADSTONE 3.8% 4.4% N/A N/A MACKAY 4.3% 4.4% 3.7% 5.0% ROCKHAMPTON 5.4% 5.5% N/A 3.3% TOOWOOMBA 4.4% 4.4% 4.2% 4.2% TOWNSVILLE 4.6% 4.6% 4.7% 5.3% OTHER REGIONAL AREAS BURDEKIN N/A 7.7% N/A N/A CASSOWARY COAST 5.9% 6.6% N/A N/A CENTRAL HIGHLANDS N/A 6.3% N/A N/A CHARTERS TOWERS N/A 7.2% N/A N/A DOUGLAS N/A 4.1% 7.3% 8.0% GOONDIWINDI N/A 7.5% N/A N/A GYMPIE 5.4% 5.0% N/A N/A HINCHINBROOK N/A 5.7% N/A N/A ISAAC N/A 6.0% N/A N/A LIVINGSTONE 4.2% 4.3% 4.0% N/A LOCKYER VALLEY 6.3% 5.8% N/A N/A MAREEBA N/A 7.0% N/A N/A MOUNT ISA N/A 6.2% N/A N/A NORTH BURNETT N/A N/A N/A N/A SCENIC RIM 5.3% 4.3% N/A N/A SOMERSET N/A 6.0% N/A N/A SOUTH BURNETT 7.0% 6.9% N/A N/A SOUTHERN DOWNS 5.6% 5.3% N/A N/A TABLELANDS 5.2% 4.7% N/A N/A WESTERN DOWNS 5.9% 4.8% N/A N/A WHITSUNDAY 4.1% 4.4% 3.9% 4.7% * change greater than 0.5 pts Vacancy Trend: Steady = +/- 0 to 0.2%pts Up = +0.3% pts or more Down = -0.3% pts or more * change greater than 0.5 pts Market Status: TIght <2.5% Healthy % Weak >3.5% Source: REIQ Residential Rental Survey RESIDENTIAL VACANCY RATES AS AT END OF: DEC-15 SEP-15 TREND STATUS GREATER BRISBANE % PTS BRISBANE SD 2.8% 2.3% BRISBANE 3.1% 2.8% BRISBANE INNER (0-5KM) 3.8% 3.3% BRISBANE BAL (5-20KM) 2.1% 2.4% BRISBANE 2.3% 1.7% IPSWICH 2.5% 1.3% LOGAN 2.9% 1.9% MORETON BAY 1.9% 1.6% CABOOLTURE 1.4% 1.6% PINE RIVERS 2.9% 1.3% REDCLIFFE 1.5% 2% REDLAND 1.6% 2.5% MAINLAND 1.6% 2.6% BAY ISLANDS 2.2% 2.3% TOURISM CENTRES GOLD COAST 1.1% 1.7% SUNSHINE COAST SD 1.3% 1.3% SUNSHINE COAST 1.4% 1.4% CALOUNDRA COAST 1.7% 0.9% MAROOCHY COAST 1.3% 1.6% HINTERLAND 1.6% 1.5% NOOSA 0.7% 0.9% FRASER COAST 3.5% 3.3% HERVEY BAY 3% 3.3% MARYBOROUGH 4% 3.4% CAIRNS 2.5% 2.6% REGIONAL QLD BUNDABERG 3.9% 4.6% GLADSTONE 10% 7.1% MACKAY 9.3% 9.1% ROCKHAMPTON 6.1% 4.5% TOOWOOMBA 3.2% 2.7% TOWNSVILLE 6.4% 5.6% OTHER REGIONAL AREAS BURDEKIN 10.5% 6% CASSOWARY COAST N/A 8.2% GYMPIE N/A 1.2% ISAAC N/A 12.5% LIVINGSTONE N/A 7.4% LOCKYER VALLEY N/A 2.8% MARANOA 13.5% 14.5% MOUNT ISA 9.4% 6.3% MURWEH N/A 14.5% SOMERSET N/A 3.7% SOUTH BURNETT 5.9% 3.4% SOUTHERN DOWNS 5.5% 3.5% TABLELANDS 5.6% 4.7% WHITSUNDAY 9.5% 10.7% 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. Disclaimer: The information contained in this publication, while based on information believed reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without considering and if necessary taking appropriate professional advice with regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, with respect to the accuracy or completeness of any of the material (including statistics, advertisements and advertising features) contained in this publication. 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40 I WOULD LIKE TO SUBSCRIBE TO QUEENSLAND MARKET MONITOR is a quarterly, electronic publication entirely focused on residential sales and rental research data for regions throughout the State, on a suburb-bysuburb basis. It meets the high standards for accurate data and reliable analysis that you have come to expect from the REIQ. This detailed level of information will enable you to conduct valuable comparisons between various regions and market segments, and to ensure you are completely informed of all the latest market trends and fluctuations. Each edition includes: Median sale prices for houses, units/townhouses and land; Median weekly rents for houses and units/townhouses; On the market indicators; Rental market indicators; Useful charts and graphs; and Analytical market commentary. your state-wide property research guide suburb by suburb I would like single issue(s) for $22.95* each I would like a two-year subscription (8 issues) for $150* I would like a one-year subscription (4 issues) for $80* Please start with or please include the following back issues Title Full Legal name Company name Occupation Street address Postal address Website Mobile Phone Post code Post code Return completed form to the REIQ This is a renewal subscription Cheque [please make cheques payable to the REIQ] This purchase is on behalf of a company FAX PHONE Visa Credit card number MasterCard Expiry Amount research@reiq.com.au POST PO Box 1555 Coorparoo DC QLD 4151 Cardholder s name How did you hear about us? Cardholder s signature PRIVACY NOTICE: THE REIQ MAY USE YOUR PERSONAL INFORMATION IN ACCORDANCE WITH ITS PRIVACY POLICY WHICH CAN BE VIEWED AT ALTERNATIVELY, YOU MAY REQUEST A COPY BY: MAIL: PO BOX 1555, COORPAROO DC QLD PRIVACY@REIQ.COM.AU PHONE: (07) I ACKNOWLEDGE THAT I HAVE READ AND UNDERSTOOD THE REIQ S PRIVACY POLICY *all prices include GST OFFICAL USE ONLY ID INV AUTH DATE

41 REGIONAL MARKET UPDATES DECEMBER QUARTER