NEW MEDIAN FOR BRISBANE

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

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 (www.corelogic.com.au) 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 (www.rta.qld.gov.au) 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

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. 07 3249 7300 E. fmoore@reiq.com.au Graphic Designer: Holly Tape T. 07 3249 7312 E. htape@reiq.com.au Source: REIQ, data obtained from CoreLogic RPData The Real Estate Institute of Queensland Ltd. Copyright 2014 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151 Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: research@reiq.com.au 3 QUEENSLAND MARKET MONITOR DECEMBER QUARTER 2015 3

STATE-WIDE SUMMARY LGA PRICE HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400) S ACTIVITY PRICE S ACTIVITY PRICE S ACTIVITY GREATER BRISBANE BRISBANE SD $498,425 3.0% -4% $395,500-1.1% -14% $224,050-1.3% -9% BRISBANE $632,000 1.6% -3% $429,000-2.1% -16% $370,000-3.9% -3% IPSWICH $325,000 0.0% -17% $291,500-4.7% 6% $177,750-0.8% -37% LOGAN $367,000 1.9% 0% $245,750-0.7% -13% $193,244 5.1% 0% MORETON BAY $419,000 2.2% -2% $325,000-3.0% 2% $228,000-1.7% -28% REDLAND $489,500-0.9% -3% $357,000-8.5% ~ t -23% $63,000-16.0% * b 21% TOURISM CENTRES GOLD COAST $552,250 0.4% -11% $374,500 2.6% -9% $240,000 0.0% -13% SUNSHINE COAST SD $505,000-0.5% -5% $374,000-0.7% -5% $272,000 5.4% -9% SUNSHINE COAST $500,000 0.0% -5% $365,000 1.0% -6% $269,750 5.0% ~ -23% NOOSA $540,000 0.0% ~ -10% $430,000-2.3% -3% $295,000 3.1% * f 107%" FRASER COAST $287,500-7.3% 0% $220,000 0.6% ~ f -15% $140,000-8.5% ~ -35% CAIRNS $400,000-1.2% -11% $225,000-2.2% -13% $208,000 4.8% ~ -10% REGIONAL CENTRES BUNDABERG $270,000 0.0% -8% $260,000-5.5% ~ 39% $150,000 4.2% -17% GLADSTONE $359,500 3.2% ~ -18% N/A N/A 36%" N/A N/A -21%" MACKAY $341,750-3.7% 7% $280,000 12.0% ~ 64%" N/A N/A ~ -40%" ROCKHAMPTON $279,000-1.4% ~ 11% N/A N/A 0% $167,500 5.7% -4% TOOWOOMBA $352,500 0.3% -5% $303,500-2.1% * t -38% $175,000-3.9% ~ * -8% TOWNSVILLE $350,000 2.1% 8% $290,000 5.1% ~ 3% $157,000-1.9% -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% 68-5.5% 7.4% 78-5.1% BRISBANE 6.5% 59-5.5% 6.7% 70-4.7% IPSWICH 7.5% 84-6.3% 9.1% 110-7.1% LOGAN 7.6% 74-5.3% 10.4% 92-5.9% MORETON BAY 7.5% 72-5.2% 8.9% 102-5.7% REDLAND 7.9% 74-5.6% 9.1% 93-5.4% TOURISM CENTRES GOLD COAST 8.2% 71-5.4% 9.5% 91-5.9% SUNSHINE COAST SD 9.1% 89-5.8% 9.8% 103-6.2% SUNSHINE COAST 8.8% 85-5.5% 9.7% 99-6.0% NOOSA 10.4% 104-6.7% 10.0% 119-6.9% FRASER COAST 10.0% 112-7.8% 12.9% 123-6.9% CAIRNS 7.6% 70-6.5% 9.1% 90-7.3% REGIONAL QLD BUNDABERG 8.4% 106-8.0% 10.7% 122-7.5% GLADSTONE 7.0% 99-9.6% 6.2% 126-10.5% MACKAY 6.8% 110-12.0% 7.4% 134-12.1% ROCKHAMPTON 7.7% 104-9.4% 7.9% 118-6.2% TOOWOOMBA 8.3% 67-5.6% 7.5% 87-4.5% TOWNSVILLE 6.9% 96-8.9% 9.7% 111-8.9% "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

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 37-39 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. Email Jordan Tindal to subscribe: jtindal@reiq.com.au. DECEMBER QUARTER 2015 5

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

BRISBANE MARKET UPDATES S MARKET - HOUSES S MARKET - HOUSES (CONT D) OF S OF S BRISBANE (LGA) 3,393 $632,000 1.6% $615,500 6.1% 14.2% BRISBANE (LGA) ^ ~ 85 $880,000-7.9% $968,000 3.5% -3.2% ACACIA RIDGE 41 $381,500 3.7% $367,000 7.9% 3.0% ALBION 6 N/A N/A $730,000 6.3% 9.3% ALDERLEY 20 $723,050 5.9% $705,000 4.0% 9.8% ALGESTER 27 $505,000-1.5% $484,500 7.4% 7.4% ANNERLEY 29 $680,000-2.9% $665,000-0.8% 11.7% ASCOT ~ 17 $1,400,000 11.1% $1,269,750-4.5% 5.8% ASHGROVE 54 $820,000 5.1% $838,500 6.1% 13.7% ASPLEY 33 $575,125 6.5% $540,000 3.5% 12.3% AUCHENFLOWER 17 $945,000 6.8% $910,000 5.3% 17.2% BALD HILLS 24 $406,000-6.7% $398,500 3.5% 1.3% BALMORAL 16 $927,500-2.9% $945,000 6.8% 11.3% BANYO 22 $585,625 22.4% $475,000 8.8% 2.0% BARDON 28 $915,000 7.7% $845,500 1.6% 5.9% BELLBOWRIE 25 $520,000 8.9% $490,000 5.4% -1.8% BELMONT 13 $625,000 N/A $633,750 10.2% -4.0% BOONDALL 35 $460,000 0.0% $456,000 7.2% 0.1% BRACKEN RIDGE 68 $443,500-2.2% $447,500 7.1% 0.4% BRIDGEMAN DOWNS 24 $672,500-10.3% $732,500 4.6% 3.7% BRIGHTON ~ 33 $455,000 4.2% $449,000 2.1% 7.1% BROOKFIELD ^ ~ 3 N/A N/A $1,200,000 7.3% -15.3% BULIMBA 20 $1,016,225-21.8% $1,150,000 5.4% 21.3% CALAMVALE 53 $660,000 7.3% $615,000 9.8% 8.5% CAMP HILL ~ 53 $758,500-5.2% $751,000 1.5% 10.4% CANNON HILL 17 $726,875-5.6% $720,000 8.0% 18.1% CARINA 24 $618,000-0.2% $615,000 11.3% 8.3% CARINA HEIGHTS 18 $605,000-2.0% $620,500 6.5% 12.5% CARINDALE 49 $867,500 14.9% $770,000 7.0% 3.5% CARSELDINE 26 $590,000-1.7% $575,000 2.9% 1.6% CHAPEL HILL 31 $735,000 1.1% $727,000 7.3% -0.4% CHELMER ~ f 7 N/A N/A $971,000-6.4% 25.0% CHERMSIDE 13 $510,000-9.1% $530,000-5.9% 21.2% CHERMSIDE WEST 20 $591,250 17.5% $530,000 2.9% 10.8% CLAYFIELD ~ 31 $1,080,000 29.3% $1,062,500 17.6% -3.4% COOPERS PLAINS 14 $533,250 7.4% $506,000 6.3% 8.2% COORPAROO 40 $892,500 13.0% $780,000 8.0% 7.0% CORINDA ~ 24 $627,250-3.5% $652,500 5.2% 5.6% DARRA 12 $472,500 9.9% $410,000 15.5% 0.0% DEAGON 21 $489,500 14.1% $435,000 8.8% -2.9% DOOLANDELLA 8 N/A N/A $428,500 0.5% -3.1% DREWVALE 13 $550,000 5.8% $541,000 12.1% -1.1% DURACK 19 $385,000 2.2% $389,000 5.1% 0.0% EAST BRISBANE ~ 23 $800,000 7.4% $785,000 7.2% 9.6% EIGHT MILE PLAINS 30 $782,500 7.6% $735,000 11.7% 6.1% ENOGGERA 23 $625,000-0.8% $630,000 8.3% 0.6% EVERTON PARK 47 $581,000 0.1% $545,000 7.6% 2.3% FAIRFIELD 7 N/A N/A $625,000-10.1% 17.7% FERNY GROVE 15 $522,500-2.6% $529,500 0.9% 5.4% FIG TREE POCKET 13 $875,000-7.9% $905,000 4.9% 3.0% FITZGIBBON 22 $442,000 N/A $439,000 3.3% 0.0% FOREST LAKE 99 $430,000 2.1% $410,000 2.5% 0.3% GAYTHORNE 11 $515,750 N/A $605,000 0.5% 18.1% GEEBUNG 12 $492,500 N/A $480,000 1.6% 3.8% GORDON PARK 11 $765,000 6.3% $735,000-4.6% 29.5% GRACEVILLE 19 $847,500-0.6% $760,500 8.2% 1.9% GRANGE 19 $920,000 6.9% $857,000 7.9% 19.5% GREENSLOPES 19 $740,000 0.0% $707,000 12.2% 6.6% HAMILTON ~ 16 $920,000-13.9% $1,132,500 11.6% -12.2% HAWTHORNE ~ 16 $1,045,000 7.5% $1,055,000-2.3% 30.9% HEATHWOOD 10 $594,500 N/A $567,000 7.2% -5.7% HEMMANT 11 $490,000 N/A $437,500 4.2% -3.4% HENDRA ~ 26 $985,500 15.9% $870,000 4.5% 7.0% HIGHGATE HILL ~ 9 N/A N/A $1,010,000 4.9% 20.3% HOLLAND PARK 26 $690,000 3.0% $645,000 6.6% 11.0% HOLLAND PARK WEST 21 $705,000 6.8% $648,000 10.3% 5.9% INALA 35 $342,500 0.7% $325,000 7.3% 2.0% INDOOROOPILLY ~ 22 $920,000 15.1% $835,000 9.9% 9.2% JAMBOREE HEIGHTS 6 N/A N/A $434,000-2.9% 3.7% JINDALEE ~ 22 $572,500 3.3% $525,000 6.1% -1.0% KANGAROO POINT ~ f 5 N/A N/A $951,000 26.4% 6.0% KARANA DOWNS 9 N/A N/A $410,000 6.5% -4.9% KARANA DOWNS ^ 6 N/A N/A $515,000 6.7% -5.4% KEDRON 38 $715,000 19.7% $615,000-0.7% 13.0% KELVIN GROVE 7 N/A N/A $747,750 10.6% 4.2% KENMORE 40 $671,000 10.0% $615,000 7.7% 2.9% KENMORE HILLS 9 N/A N/A $772,500 14.4% -1.0% KEPERRA 23 $475,000 2.2% $466,000 0.9% 5.0% KURABY ~ 24 $677,500 28.6% $625,000 10.1% 5.9% LOTA ~ 20 $570,000-9.9% $560,000 1.8% 19.3% LUTWYCHE 4 N/A N/A $740,000 1.4% 23.2% MACGREGOR ~ 19 $724,000 2.9% $719,000 14.6% 16.7% MACKENZIE 9 N/A N/A $739,000 7.0% 10.2% MANLY 25 $745,000-2.6% $752,000 11.4% -3.9% MANLY WEST 39 $540,000-5.4% $545,000 6.9% 2.0% MANSFIELD 31 $625,000 3.1% $595,000 7.5% 8.5% MCDOWALL 18 $640,000 3.6% $600,000 0.5% 3.9% MIDDLE PARK 7 N/A N/A $573,000 7.6% -1.4% MITCHELTON 27 $623,750 0.9% $588,944 4.8% 7.9% MOGGILL 13 $537,500-6.5% $533,750 6.8% 3.7% MOOROOKA 24 $570,000-2.0% $571,000 4.0% 10.5% MORNINGSIDE 34 $651,000-13.2% $705,000 11.5% 5.8% MOUNT GRAVATT 16 $625,000 N/A $630,000 13.3% 13.5% MOUNT GRAVATT EAST 44 $621,000 5.3% $580,000 3.6% 16.7% MURARRIE 25 $640,000-4.5% $650,000 14.0% 18.8% NEW FARM 20 $1,591,000-6.1% $1,550,000 19.2% 18.2% NEWMARKET 13 $915,000 28.9% $771,500 2.9% 4.9% NORMAN PARK 31 $841,000 10.7% $800,000 5.0% 12.9% NORTHGATE ~ 15 $580,000-1.7% $615,000 3.2% 28.9% NUDGEE 17 $575,000 1.8% $566,500-0.4% 19.8% NUNDAH 19 $645,000-7.5% $675,000 1.2% 15.4% OXLEY 33 $539,500 14.3% $500,000 2.0% 7.7% PADDINGTON 45 $954,000 6.0% $900,000 0.1% 14.5% PARKINSON 33 $652,000 9.6% $600,000 4.4% 9.5% PULLENVALE ^ ~ 15 $935,000 N/A $932,500-0.5% -18.8% RED HILL 25 $785,000-7.7% $810,000 7.5% 16.4% RICHLANDS 3 N/A N/A $421,000 4.9% -1.1% RIVERHILLS 22 $477,000 7.7% $462,500 6.3% -0.8% ROBERTSON ~ 11 $886,000-7.7% $858,000 14.8% 9.4% ROCHEDALE 4 N/A N/A $939,000 11.1% N/A ROCKLEA 7 N/A N/A $390,000 4.7% 4.2% RUNCORN 32 $548,750 2.6% $517,500 4.6% 13.8% SALISBURY 20 $562,500 2.3% $530,000 7.8% 8.5% SANDGATE ~ 11 $592,000-11.0% $591,000 7.3% 6.6% SEVEN HILLS 11 $632,000-13.0% $728,000 7.9% 12.7% SEVENTEEN MILE ROCKS 2 N/A N/A $670,000 15.5% 5.3% SHERWOOD 11 $850,000 7.6% $840,000 5.7% 6.0% SHORNCLIFFE 9 N/A N/A $675,000-8.0% 13.3% SINNAMON PARK 14 $623,500 6.8% $617,500 0.4% -3.5% SPRING HILL 2 N/A N/A $917,500 1.9% 15.4% ST LUCIA 18 $1,030,000-4.6% $1,080,000 1.9% 6.3% STAFFORD 39 $580,000 1.8% $560,000 4.1% 12.1% STAFFORD HEIGHTS 25 $578,750 4.0% $550,000 8.9% 8.2% STRETTON ~ 17 $793,800-7.7% $828,000 10.0% 21.4% SUNNYBANK 40 $756,000 12.8% $695,000 11.9% 15.9% SUNNYBANK HILLS 43 $593,000-11.6% $622,000 7.4% 14.7% TAIGUM 12 $479,750 2.1% $480,000 0.2% 5.9% TARINGA 10 $827,500 5.1% $840,000 4.0% 7.7% TARRAGINDI 40 $705,000-1.4% $695,000 11.0% 7.5% TENERIFFE 1 N/A N/A $1,465,000 1.0% 10.9% THE GAP 54 $647,500 0.2% $622,000 9.1% 3.1% TINGALPA 25 $531,000 16.1% $480,000 3.7% 7.7% TOOWONG 20 $830,000 5.4% $748,500-2.3% 7.9% UPPER KEDRON 9 N/A N/A $603,000 8.5% 3.0% UPPER MOUNT GRAVATT 24 $540,000-6.1% $585,500 6.5% 17.4% VIRGINIA 13 $580,000 3.6% $560,000 11.0% 16.8% WAKERLEY 34 $707,750-0.8% $701,250 0.2% 12.0% WAVELL HEIGHTS 46 $642,500 2.8% $630,000 7.0% 12.4% DECEMBER QUARTER 2015 7

BRISBANE MARKET UPDATES S MARKET - HOUSES (CONT D) S MARKET - UNITS & TOWNHOUSES (CONT D) OF S OF S WEST END 12 $1,080,000 9.0% $999,500 5.5% 18.4% WESTLAKE 21 $635,000 1.8% $628,500-0.2% -0.2% WILSTON 16 $1,100,000 17.7% $927,000 7.2% 1.6% WINDSOR 28 $875,000 11.8% $768,250 7.0% 4.0% WISHART 35 $680,250 0.0% $640,000 9.4% 6.4% WOOLLOONGABBA 17 $735,000 N/A $790,000 20.6% -3.4% WOOLOOWIN 15 $635,250-24.2% $777,500 12.2% 6.5% WYNNUM 55 $635,000 0.8% $617,000 6.6% 9.2% WYNNUM WEST 46 $505,000 3.2% $480,000 1.1% 8.3% YERONGA ~ 17 $715,000-6.8% $750,000 6.4% 5.6% ZILLMERE 31 $450,000 0.4% $445,000 9.4% 4.3% S MARKET - UNITS & TOWNHOUSES BRISBANE (LGA) 1,818 $429,000-2.1% $435,000 1.2% 4.8% ACACIA RIDGE 6 N/A N/A $348,000 0.0% -31.0% ALBION ~ * 9 N/A N/A $412,500-7.3% -6.1% ALDERLEY 17 $375,500-15.1% $420,750-0.4% 10.0% ANNERLEY ~ 28 $389,000-11.6% $386,250-10.9% 1.6% ASCOT ~ 13 $402,500-11.9% $426,000-3.2% 5.4% ASHGROVE 10 $458,000 6.5% $440,000-12.5% 11.4% ASPLEY 6 N/A N/A $385,000 1.0% 3.4% AUCHENFLOWER ~ 22 $480,000 0.0% $487,500 6.2% 12.1% BALMORAL 12 $513,750-9.1% $532,500 11.3% 6.3% BOWEN HILLS ~ * 20 $420,000 1.2% $426,510-0.8% 1.2% BRACKEN RIDGE 13 $350,000 N/A $326,043 0.9% -8.2% BRIDGEMAN DOWNS 2 N/A N/A $449,999 34.3% 21.7% BRISBANE CITY 108 $475,000-4.4% $497,000 0.4% 7.7% BULIMBA * 19 $538,300-10.2% $588,788 1.0% 7.1% CALAMVALE 18 $383,950-3.5% $387,000 2.4% 5.7% CAMP HILL 7 N/A N/A $412,000-10.4% -9.5% CARINA 29 $435,000-5.4% $460,000 1.4% 4.5% CARINA HEIGHTS 21 $465,000-2.8% $485,000 5.0% 4.9% CARINDALE ~ t 6 N/A N/A $500,000 7.5% 4.2% CARSELDINE 10 $408,000 3.9% $390,000-0.5% 1.3% CHERMSIDE 38 $447,500 0.6% $414,500 2.4% -3.6% CLAYFIELD 45 $372,500 0.7% $377,550-3.7% 5.2% COOPERS PLAINS 4 N/A N/A $396,250 5.6% -0.7% COORPAROO ~ 55 $415,000 7.6% $405,000 3.9% 6.3% DARRA 7 N/A N/A $330,000 2.3% -4.9% DOOLANDELLA 2 N/A N/A $339,500 0.2% 0.6% EAST BRISBANE 25 $417,000-3.0% $420,000-5.6% -7.7% EIGHT MILE PLAINS 18 $369,000-7.8% $407,000-1.6% 5.7% ENOGGERA 10 $384,000 N/A $337,842-17.6% -13.4% EVERTON PARK 15 $378,750 1.4% $398,000-6.4% -0.1% FITZGIBBON 4 N/A N/A $358,000 8.5% 6.9% FORTITUDE VALLEY 53 $430,000-5.9% $445,000-4.3% 6.0% GAYTHORNE 11 $440,299-4.7% $438,163-0.4% 9.3% GORDON PARK 4 N/A N/A $395,000 4.6% 11.3% GREENSLOPES 29 $353,000-11.8% $377,000-8.1% 1.9% HAMILTON ~ 34 $620,000 9.3% $567,750 2.9% 18.3% HAWTHORNE ~ 8 N/A N/A $561,000 5.6% 31.8% HIGHGATE HILL ~ 14 $483,500-7.0% $527,500 5.5% 17.2% HOLLAND PARK WEST * 5 N/A N/A $440,000 15.8% 21.5% INDOOROOPILLY 34 $472,750 1.7% $470,000-2.1% 3.3% KANGAROO POINT 55 $522,500 3.0% $487,000-4.0% -5.4% KEDRON ~ 18 $421,000-8.5% $455,000 8.6% 33.5% KELVIN GROVE 22 $415,000-15.9% $475,000 2.2% 11.8% LUTWYCHE 9 N/A N/A $460,390 7.1% 18.0% MANLY 6 N/A N/A $425,000-12.4% 0.0% MANLY WEST 5 N/A N/A $370,000-1.3% -3.3% MCDOWALL 1 N/A N/A $470,000 16.1% 22.1% MILTON * 7 N/A N/A $510,000 2.0% -10.5% MITCHELTON 7 N/A N/A $408,000 0.2% 2.3% MOOROOKA 18 $424,000 3.4% $423,000 10.3% 0.7% MORNINGSIDE * 40 $485,000-0.8% $490,000 3.2% 8.9% MOUNT GRAVATT 2 N/A N/A $468,750 6.5% N/A MOUNT GRAVATT EAST * t 17 $435,000-0.6% $450,000 1.1% 16.7% MURARRIE 13 $570,000 N/A $570,000 25.4% -7.5% NEW FARM 68 $520,000-3.3% $562,000-4.7% 6.0% NEWMARKET 3 N/A N/A $430,000-5.3% -5.0% NEWSTEAD ~ 11 $725,000 16.0% $650,000 7.4% -10.3% NORMAN PARK 11 $510,000 17.2% $480,000-8.6% 0.2% NORTHGATE 9 N/A N/A $403,750-0.1% 16.9% NUDGEE - N/A N/A $456,000 N/A N/A NUNDAH ~ 49 $419,825-3.2% $424,825 5.7% 5.9% OXLEY 8 N/A N/A $360,500 7.1% -3.9% PADDINGTON 9 N/A N/A $526,500 8.6% 25.4% RED HILL 7 N/A N/A $441,500 4.5% 6.4% RICHLANDS 11 $342,900 N/A $346,900-0.9% -0.3% RUNCORN 16 $352,000 3.5% $334,950-0.4% 0.7% SHERWOOD * 14 $459,000 4.3% $445,000-3.1% 7.0% SOUTH BRISBANE ~ 32 $498,716-0.3% $490,000-2.0% 3.6% SPRING HILL 48 $387,000-4.0% $406,500 2.9% 3.9% ST LUCIA 29 $449,750-5.5% $493,000-1.9% 10.8% STAFFORD * 5 N/A N/A $447,500 7.8% 17.3% SUNNYBANK HILLS 8 N/A N/A $343,000-5.5% -6.3% TAIGUM ~ 18 $305,250-10.0% $316,500-17.8% -10.1% TARINGA 43 $420,000 1.2% $430,500-2.2% 0.9% TENERIFFE ~ 36 $705,000 10.5% $591,000-2.7% 7.4% THE GAP ~ t 6 N/A N/A $510,000 6.2% 20.0% TINGALPA 7 N/A N/A $357,750-7.1% 0.5% TOOWONG ~ 44 $446,500 4.9% $428,500-3.3% -0.2% UPPER MOUNT GRAVATT ~ t 21 $395,000-1.3% $395,000-13.2% -7.4% WAKERLEY 13 $437,000 N/A $423,750 2.1% -0.3% WEST END ~ * 33 $501,000-8.1% $564,000-1.1% 3.0% WINDSOR ~ 9 N/A N/A $412,500-11.3% 11.5% WISHART 9 N/A N/A $385,000 1.7% 6.6% WOOLLOONGABBA 4 N/A N/A $425,000 6.3% 1.2% WYNNUM * 14 $355,000-9.0% $399,000-12.5% 2.3% WYNNUM WEST ~ t 12 $311,000-11.1% $341,000-1.2% -3.9% YERONGA 26 $489,000 1.2% $483,000 8.2% 15.0% ZILLMERE ~ 8 N/A N/A $355,000-5.3% -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 1300 664 715 or visit agents.directconnect.com.au 8 QUEENSLAND MARKET MONITOR

BRISBANE MARKET UPDATES S MARKET - VACANT LAND OF S RENTAL MARKET - 3 BED HOUSES BRISBANE (LGA) 170 $370,000-3.9% $375,000 13.6% 23.0% BRISBANE (LGA) ^ 9 N/A N/A $812,500 19.1% 66.5% BRIDGEMAN DOWNS 19 $375,000-1.3% $400,000 5.7% -3.6% CARINDALE 2 N/A N/A $505,500 7.6% N/A FITZGIBBON * G 8 N/A N/A $180,000-15.7% -19.4% HEATHWOOD * 26 $279,000-2.1% $274,000 2.6% 14.0% KENMORE 5 N/A N/A $430,000 N/A N/A KURABY - N/A N/A $344,000 2.8% N/A ROCHEDALE 15 $445,000 0.5% $443,000 1.1% N/A UPPER KEDRON 14 $341,250 2.4% $331,000 3.4% 12.2% BRISBANE CITY $420 2853 $420 2548 BAYSIDE $415 144 $420 124 4178 WYNNUM $415 85 $420 81 4179 MANLY $420 59 $420 43 CITY INNER $550 228 $550 196 4000 BRISBANE CITY $550 23 $600 19 4005 NEW FARM $750 21 $600 16 4006 BOWEN HILLS $550 5 $470 6 4064 PADDINGTON $570 51 $580 53 4066 TOOWONG $515 36 $500 28 4067 ST LUCIA $500 8 $530 9 4101 SOUTH BRISBANE $570 31 $545 19 4102 WOOLOONGABBA $490 24 $490 20 4169 EAST BRISBANE $500 29 $500 26 NORTH - INNER $470 292 $460 281 4007 ASCOT $560 19 $520 17 4010 ALBION $450 5 N.A. 2 4011 CLAYFIELD $545 30 $550 35 4012 NUNDAH $450 59 $440 70 4030 LUTWYCHE $480 51 $485 38 4031 GORDON PARK $450 44 $400 39 4051 ALDERLEY $480 84 $480 78 NORTH - OUTER $400 412 $395 399 4013 NORTHGATE $395 13 $360 16 4014 VIRGINIA $420 37 $400 34 4017 BRACKEN RIDGE $380 108 $390 110 4018 FITZGIBBON $400 39 $380 24 4032 CHERMSIDE $410 54 $395 54 4034 ASPLEY $395 142 $395 145 4036 BALD HILLS $380 19 $360 16 NORTH WEST - INNER $525 115 $540 92 4059 KELVIN GROVE $583 47 $550 46 4060 ASHGROVE $500 38 $465 26 4065 BARDON $485 30 $500 20 NORTH WEST - OUTER $420 232 $415 207 4053 STAFFORD $420 150 $415 127 4054 ARANA HILLS $400 43 $395 43 4061 THE GAP $465 39 $450 37 RENTAL MARKET - 3 BED HOUSES (CONT D) SOUTH - INNER $420 364 $420 283 4103 ANNERLEY $430 43 $455 31 4104 YERONGA $440 18 $520 7 4105 MOOROOKA $400 42 $400 35 4120 GREENSLOPES $450 20 $450 20 4121 HOLLAND PARK $450 89 $435 68 4122 MANSFIELD $400 150 $400 121 SOUTH - OUTER $390 272 $380 268 4106 ROCKLEA $370 5 $350 9 4107 SALISBURY $375 20 $385 28 4108 COOPERS PLAINS $400 28 $360 21 4109 MACGREGOR $395 95 $400 73 4110 ACACIA RIDGE $350 28 $350 53 4112 KURABY $380 6 $345 7 4113 EIGHT MILE PLAINS $400 55 $375 45 4115 ALGESTER $410 21 $400 18 4116 CALAMVALE $420 14 $400 14 SOUTH EAST - INNER $460 309 $450 274 4151 COORPAROO $470 39 $470 35 4152 CAMP HILL $440 112 $440 102 4170 CANNON HILL $470 93 $475 84 4171 BALMORAL $510 40 $520 37 4172 MURARRIE $420 25 $410 16 SOUTH EAST - OUTER $420 60 $420 46 4153 BELMONT $420 8 $420 11 4154 GUMDALE $435 10 $415 6 4173 TINGALPA $420 31 $420 27 4174 HEMANT $400 9 N/A N/A SOUTH WEST - INNER $445 96 $440 95 4068 CHELMER $480 34 $450 33 4075 CORINDA $430 62 $420 62 SOUTH WEST - OUTER $370 329 $350 283 4069 BROOKFIELD $465 34 $450 34 4070 ANSTEAD $380 17 N.A. 4 4073 SEVENTEEN MILE ROCKS $425 12 $410 12 4074 JINDALEE $395 64 $380 47 4076 DARRA $330 16 $330 26 4077 DOOLANDELLA $325 85 $310 70 4078 FOREST LAKE $360 101 $350 90 81 43 BRISBANE CITY UNIT S (p) 391 316 1026 865 548 492 75 49 <$250k $250K+ $350K+ $500K+ $1M+ BRISBANE CITY LAND S (p) 74 70 BRISBANE CITY HOUSE S (p) 2126 2140 52 58 20 28 33 755 616 11 124 92 333 383 <$250k $250K+ $350K+ $500K+ <$350k $350K+ $500K+ $1M+ DECEMBER QUARTER 2015 9

BRISBANE MARKET UPDATES RENTAL MARKET - 2 BED UNITS BRISBANE CITY $400 4523 $400 4051 BAYSIDE $345 51 $340 43 4178 WYNNUM $345 31 $330 32 4179 MANLY $320 20 $340 11 CITY INNER $490 1846 $495 1647 4000 BRISBANE CITY $590 279 $580 248 4005 NEW FARM $500 301 $520 275 4006 BOWEN HILLS $483 273 $480 300 4064 PADDINGTON $430 63 $420 56 4066 TOOWONG $400 208 $400 166 4067 ST LUCIA $400 91 $410 75 4101 SOUTH BRISBANE $530 331 $530 325 4102 WOOLOONGABBA $460 85 $450 63 4169 EAST BRISBANE $470 215 $460 138 NORTH - INNER $360 893 $360 792 4007 ASCOT $450 164 $435 155 4010 ALBION $350 16 $395 31 4011 CLAYFIELD $340 134 $350 117 4012 NUNDAH $385 206 $365 168 4030 LUTWYCHE $340 125 $360 126 4031 GORDON PARK $345 112 $315 58 4051 ALDERLEY $349 136 $360 137 NORTH - OUTER $350 266 $350 211 4013 NORTHGATE $310 33 $320 22 4014 VIRGINIA $350 11 N/A N/A 4017 BRACKEN RIDGE $320 10 $290 13 4018 FITZGIBBON $300 9 $345 7 4032 CHERMSIDE $390 129 $385 109 4034 ASPLEY $340 74 $340 60 NORTH WEST - INNER $450 204 $440 177 4059 KELVIN GROVE $495 136 $450 113 4060 ASHGROVE $380 53 $450 55 4065 BARDON $415 15 $310 9 NORTH WEST - OUTER $380 81 $370 83 4053 STAFFORD $385 77 $370 83 SOUTH - INNER $350 449 $350 395 4103 ANNERLEY $345 125 $340 104 4104 YERONGA $350 29 $340 34 4105 MOOROOKA $340 64 $350 58 4120 GREENSLOPES $350 84 $350 89 4121 HOLLAND PARK $350 52 $350 19 4122 MANSFIELD $410 91 $395 87 SOUTH - OUTER $315 56 $355 41 4106 ROCKLEA $250 8 N.A. 3 4108 COOPERS PLAINS $385 11 $350 7 4109 MACGREGOR $340 19 $380 15 4110 ACACIA RIDGE $290 6 N/A N/A 4115 ALGESTER $290 5 $350 5 SOUTH EAST - INNER $385 409 $370 382 4151 COORPAROO $355 141 $350 147 4152 CAMP HILL $370 40 $380 53 4170 CANNON HILL $400 97 $380 88 4171 BALMORAL $455 128 $430 92 SOUTH EAST - OUTER $307 6 N.A. 4 SOUTH WEST - INNER $380 243 $380 261 4068 CHELMER $380 182 $380 218 4075 CORINDA $360 61 $345 43 SOUTH WEST - OUTER $310 19 $320 15 4078 FOREST LAKE $340 7 $330 9 RENTAL MARKET - 3 BED TOWNHOUSES BRISBANE CITY $415 1594 $405 1664 BAYSIDE $400 147 $400 87 4178 WYNNUM $400 107 $400 57 CITY INNER $600 65 $600 58 4064 PADDINGTON $600 7 $545 10 4066 TOOWONG $550 8 $540 10 4101 SOUTH BRISBANE $670 14 $650 6 NORTH - INNER $480 123 $480 96 4011 CLAYFIELD $520 11 $590 9 4012 NUNDAH $460 24 $455 17 4030 LUTWYCHE $490 15 $550 12 4051 ALDERLEY $475 34 $480 33 NORTH - OUTER $390 178 $385 204 4018 FITZGIBBON $395 43 $380 54 4032 CHERMSIDE $430 19 $445 23 4034 ASPLEY $385 54 $390 58 NORTH WEST - INNER $530 15 $520 15 4059 KELVIN GROVE $500 7 N.A. 2 NORTH WEST - OUTER $420 58 $420 63 4053 STAFFORD $420 50 $420 52 SOUTH - INNER $450 139 $430 135 4103 ANNERLEY $520 23 $450 23 4104 YERONGA $500 19 $440 12 4105 MOOROOKA $420 19 $440 20 4122 MANSFIELD $425 56 $420 58 SOUTH - OUTER $390 309 $390 426 4109 MACGREGOR $405 47 $405 56 4110 ACACIA RIDGE $350 19 $340 31 4113 EIGHT MILE PLAINS $410 95 $400 155 SOUTH EAST - INNER $480 240 $480 245 4152 CAMP HILL $450 103 $450 104 4170 CANNON HILL $490 88 $490 92 SOUTH WEST - INNER $460 69 $460 76 4068 CHELMER $525 21 $520 30 4075 CORINDA $395 48 $400 46 SOUTH WEST - OUTER $365 206 $365 195 4076 DARRA $380 15 $375 33 4077 DOOLANDELLA $365 114 $360 110 DID YOU KNOW? YOU CAN GET WEEKLY RENTS FOR OTHER PROPERTY TYPES ONLINE AT WWW.RTA.QLD.GOV.AU 10 QUEENSLAND MARKET MONITOR

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 2015 11

BRISBANE MARKET UPDATES S MARKET - HOUSES S MARKET - HOUSES (CONT D) OF S OF S BRISBANE (SD) 6,755 $498,425 3.0% $482,000 2.3% 5.9% BRISBANE (SD) ^ 501 $580,000-3.3% $585,000 2.6% 0.0% IPSWICH (LGA) 597 $325,000 0.0% $320,625 3.4% 0.8% IPSWICH (LGA) ^ 54 $485,000-1.0% $480,000 3.2% -5.0% AUGUSTINE HEIGHTS 13 $480,000 3.7% $487,500-5.3% -6.4% BELLBIRD PARK 16 $395,750 18.3% $335,000 3.2% 3.4% BOOVAL 11 $265,000-1.9% $275,000 5.8% -9.4% BRASSALL 40 $322,000-3.0% $322,000 2.2% -7.4% BROOKWATER ~ * 0 N/A N/A N/A N/A N/A BUNDAMBA 13 $281,500 2.2% $279,750-0.1% 0.9% CAMIRA 13 $355,000 2.0% $352,000 5.9% -4.0% COALFALLS 3 N/A N/A $299,000 10.1% -15.0% COLLINGWOOD PARK 30 $310,000-5.3% $315,000 3.3% -4.4% DEEBING HEIGHTS 8 N/A N/A $380,000-3.2% N/A EAST IPSWICH ~ 10 $250,750-7.1% $269,000 3.5% -4.1% EASTERN HEIGHTS 13 $312,000 23.7% $270,000-3.6% -0.2% FLINDERS VIEW ~ 14 $307,500-21.4% $349,000-0.3% -5.9% GAILES 2 N/A N/A $245,000 2.1% -7.7% GOODNA 28 $300,000 3.8% $290,000 3.6% -6.7% IPSWICH ~ 4 N/A N/A $330,000 13.0% -9.5% KARALEE ^ 13 $437,500-22.6% $510,000 0.0% -1.0% LEICHHARDT 12 $239,500 11.4% $225,000 5.1% -11.8% NEWTOWN 10 $354,500 N/A $330,000 5.8% -7.1% NORTH BOOVAL 11 $283,000 1.3% $277,500 18.1% -13.8% NORTH IPSWICH 18 $258,500-10.6% $265,000 2.7% -11.6% ONE MILE 14 $226,000-6.8% $235,000 0.0% -8.6% RACEVIEW 30 $320,000 4.9% $307,500 0.3% -3.6% REDBANK 6 N/A N/A $303,500 7.6% -9.0% REDBANK PLAINS 63 $314,250-0.2% $310,000 2.1% 1.5% RIVERVIEW 11 $237,450-5.0% $230,000-2.3% -5.8% ROSEWOOD 7 N/A N/A $271,500 4.4% -6.8% SADLIERS CROSSING 6 N/A N/A $325,000 7.6% 0.9% SILKSTONE 13 $288,000-0.7% $271,500 0.9% -2.2% SPRINGFIELD 32 $399,500-1.4% $396,564 4.5% -1.4% SPRINGFIELD LAKES 66 $426,000 2.9% $415,000 2.5% 1.3% YAMANTO 23 $377,500-7.9% $415,000 10.7% 7.1% LOGAN (LGA) 911 $367,000 1.9% $360,000 3.9% 0.0% LOGAN (LGA) ^ 167 $525,000-4.7% $533,750 4.7% 4.2% BEENLEIGH 26 $305,250 1.8% $305,000 2.7% -8.0% BETHANIA 20 $309,000 N/A $308,000 6.0% -6.0% BORONIA HEIGHTS 34 $317,500-0.8% $315,000-1.6% 1.6% BROWNS PLAINS 20 $318,000-4.5% $319,500 4.8% -1.9% CEDAR GROVE ^ 3 N/A N/A $430,000 2.6% 6.8% CEDAR VALE ^ 7 N/A N/A $463,000 7.7% -3.4% CHAMBERS FLAT ^ 7 N/A N/A $540,000 2.5% N/A CORNUBIA ^ 2 N/A N/A $730,000-5.2% 1.0% CORNUBIA ~ 22 $518,994 2.8% $495,000 1.1% -0.9% CRESTMEAD 39 $320,000 4.7% $310,000 7.6% -7.3% DAISY HILL 33 $450,000 1.8% $450,000 1.8% 4.6% EAGLEBY 47 $277,000 1.3% $272,500 6.9% -12.9% EDENS LANDING 37 $338,000-0.3% $334,000-3.2% -4.2% FORESTDALE ^ 8 N/A N/A $741,250 12.8% -3.4% GREENBANK ^ 23 $562,500 0.5% $532,500 0.9% 1.5% HERITAGE PARK 20 $419,125-3.9% $420,750 3.9% -3.6% HILLCREST 14 $382,000 12.7% $341,500 6.1% -5.3% HOLMVIEW 13 $357,000 0.6% $357,875 5.3% 13.3% JIMBOOMBA 9 N/A N/A $375,000 4.8% -5.6% JIMBOOMBA ^ 31 $490,000 5.4% $465,000 1.5% -5.5% KINGSTON 34 $305,000 1.7% $293,000 7.3% -3.0% LOGAN CENTRAL 14 $313,000 3.5% $297,250 11.3% -3.1% LOGAN RESERVE 7 N/A N/A $374,806 10.6% -5.6% LOGAN VILLAGE ^ 8 N/A N/A $500,500 3.3% -3.3% LOGANHOLME 31 $370,000-9.4% $390,000 10.3% -5.7% LOGANLEA 15 $350,000 4.9% $340,000 8.5% -1.7% MARSDEN 57 $358,000 8.0% $340,000 7.8% -3.5% MEADOWBROOK 6 N/A N/A $380,000 1.3% -4.5% MOUNT WARREN PARK 20 $373,000 12.7% $348,750 2.6% -7.4% MUNRUBEN ^ 9 N/A N/A $521,500 3.3% -2.9% NEW BEITH ^ 8 N/A N/A $558,750 1.6% 3.8% REGENTS PARK 64 $380,000 2.0% $370,000 3.9% -3.5% ROCHEDALE SOUTH 53 $487,500 5.4% $459,000 3.8% 7.1% SHAILER PARK 48 $505,500-4.2% $518,000 6.8% 3.2% SLACKS CREEK 31 $335,000 4.7% $318,000 4.3% 1.7% SPRINGWOOD 33 $473,500 3.2% $465,000 6.9% 4.4% TANAH MERAH 26 $379,500-10.5% $414,000 6.7% -0.5% UNDERWOOD 26 $491,000-0.7% $499,000 2.9% 9.0% WATERFORD 18 $415,250 5.1% $390,000 8.3% -7.5% WATERFORD WEST 21 $317,500 0.8% $316,500-1.1% 0.0% WINDAROO 6 N/A N/A $414,500-2.5% 0.0% WOODRIDGE 36 $302,500 1.9% $292,000 11.5% -3.1% YARRABILBA 18 $405,000 5.2% $386,775 3.2% N/A MORETON BAY (LGA) 1,326 $419,000 2.2% $408,000 3.3% 2.0% MORETON BAY (LGA) ^ 171 $600,000 0.0% $600,000 3.9% 0.0% ALBANY CREEK 62 $557,000-1.6% $557,000 11.0% -4.2% ARANA HILLS 22 $498,000-0.4% $485,100 1.1% 6.7% BANKSIA BEACH ~ f 24 $530,000-7.4% $510,000 4.7% 1.5% BEACHMERE 15 $281,000 N/A $313,000-3.0% -6.9% BELLARA 16 $325,000-3.6% $320,000-5.0% 0.6% BELLMERE 16 $342,750-2.4% $340,000 3.0% -8.6% BONGAREE 28 $429,000 10.4% $405,000 5.2% -7.2% BRAY PARK 37 $395,000 4.6% $385,000 4.1% 1.4% BUNYA ^ 7 N/A N/A $815,000 8.8% -8.1% BURPENGARY 33 $410,000 3.8% $390,000 6.9% -4.5% BURPENGARY ^ 8 N/A -1.4% $545,000 1.9% 0.9% BURPENGARY EAST 3 N/A N/A $412,000 2.0% N/A BURPENGARY EAST ^ 9 N/A N/A $562,500 8.2% -7.6% CABOOLTURE 67 $322,000 7.3% $300,000 3.5% -7.9% CABOOLTURE ^ 16 $498,000-2.8% $500,000 8.1% -3.6% CABOOLTURE SOUTH 26 $267,000-5.8% $269,000-1.7% -6.2% CASHMERE ~ 11 $610,000-9.6% $612,500-5.8% 17.1% CLONTARF 33 $415,000 0.0% $410,000 8.5% 3.6% DAKABIN 9 N/A N/A $450,000 4.1% 0.6% DECEPTION BAY 61 $329,000 0.6% $325,000 6.6% -3.2% EATONS HILL 30 $550,500 0.9% $540,000-2.7% 8.3% ELIMBAH ^ 2 N/A N/A $496,500 1.7% 0.7% EVERTON HILLS 24 $517,500-4.2% $520,000 5.1% 4.8% FERNY HILLS 29 $506,000-2.1% $495,000 5.3% 2.2% GRIFFIN 10 $399,500-11.6% $435,000-0.7% 5.2% JOYNER 10 $460,000 N/A $532,500 0.5% 11.6% KALLANGUR 93 $368,950-0.3% $361,590 4.8% -1.4% KIPPA-RING 32 $402,500 3.9% $385,000 4.1% 2.8% LAWNTON 20 $378,500 5.5% $365,000 5.8% -0.7% MANGO HILL ~ 26 $483,373-0.3% $457,250 1.6% 1.7% MARGATE 40 $394,000-1.5% $400,000 4.4% -2.0% MORAYFIELD 55 $331,500-1.7% $330,000 3.9% -3.8% MORAYFIELD ^ 11 $540,000-3.2% $543,750 2.1% -3.2% MURRUMBA DOWNS 32 $455,000 1.1% $472,500 5.0% 2.3% NARANGBA 70 $433,000-1.6% $435,000 2.4% -1.3% NARANGBA ^ 12 $687,500 N/A $655,000 4.0% 11.0% NEWPORT 11 $975,000 23.4% $833,750 4.2% -5.9% NINGI 6 N/A N/A $360,000 0.3% 2.5% NINGI ^ 10 $520,000 3.0% $520,000 7.2% -5.4% NORTH LAKES 89 $460,000 0.0% $455,000 1.5% -1.0% PETRIE 34 $396,500 5.2% $391,000 2.9% -1.2% REDCLIFFE 34 $397,500 2.7% $389,000 2.4% 0.0% ROTHWELL 20 $406,000 1.8% $397,500 0.6% 2.6% SAMFORD VALLEY ^ 7 N/A N/A $877,500 0.0% 2.6% SANDSTONE POINT 18 $402,500 1.9% $390,000 3.7% -4.8% SCARBOROUGH ~ f 24 $512,500 19.9% $480,000 6.1% 0.0% STRATHPINE 28 $369,000 4.5% $355,000-2.7% 4.3% TOORBUL 3 N/A N/A $282,300-7.0% -12.0% UPPER CABOOLTURE 9 N/A N/A $335,500 5.0% -8.5% UPPER CABOOLTURE ^ 11 $565,000 N/A $532,750 2.5% -2.3% WAMURAN ^ 10 $585,000 5.8% $555,000 6.5% -2.6% WARNER 55 $487,000 0.4% $485,000 3.2% -2.1% 12 QUEENSLAND MARKET MONITOR

BRISBANE MARKET UPDATES S MARKET - HOUSES (CONT D) S MARKET - UNITS & TOWNHOUSES (CONT D) OF S OF S WARNER ^ 4 N/A N/A $763,000 4.2% 5.4% WOODY POINT ~ 15 $405,500-7.4% $430,000 7.0% 1.8% REDLAND (LGA) 528 $489,500-0.9% $485,000 3.0% 3.2% REDLAND (LGA) ^ 24 $929,250 12.5% $852,250 5.4% 5.2% ALEXANDRA HILLS 57 $451,500 4.8% $425,000 3.7% 0.0% BIRKDALE 48 $510,000-2.9% $509,000 5.0% 3.7% CAPALABA 48 $435,000-2.3% $435,000 1.1% 4.9% CAPALABA ^ 3 N/A N/A $830,000 0.6% 3.8% CLEVELAND ~ 55 $552,500-12.3% $560,000 7.7% -1.4% MACLEAY ISLAND 24 $222,000-3.9% $230,000 15.0% -18.2% MOUNT COTTON 31 $476,000-3.4% $480,000 0.2% 1.9% ORMISTON 18 $730,000 5.0% $674,875 20.5% -8.0% REDLAND BAY 55 $570,000 11.1% $520,000 4.0% 1.0% RUSSELL ISLAND ~ 26 $207,500 15.3% $169,000-6.1% -20.4% THORNESIDE ~ 10 $573,500 11.8% $496,250 11.5% -5.7% THORNLANDS 50 $550,000 0.0% $550,000 6.8% -4.6% THORNLANDS ^ 4 N/A N/A $902,500 12.5% -7.3% VICTORIA POINT 49 $502,500-2.4% $496,000 4.4% -1.9% WELLINGTON POINT 38 $549,500 0.1% $565,000 3.5% -2.4% LOCKYER VALLEY (LGA) 41 $243,750-5.5% $247,000 0.4% -10.7% LOCKYER VALLEY (LGA) ^ 71 $347,500-0.6% $351,000 0.3% -0.4% GATTON 18 $256,500 1.2% $250,000-3.9% -13.6% KENSINGTON GROVE ^ 8 N/A N/A $355,000-4.1% 4.2% LAIDLEY 16 $235,000-0.5% $235,000 5.6% -14.1% LAIDLEY HEIGHTS ^ 4 N/A N/A $284,500-8.5% -13.6% REGENCY DOWNS ^ ~ 9 N/A N/A $308,000 1.0% -9.0% SCENIC RIM (LGA) 59 $340,250-14.4% $375,000 4.2% 0.0% SCENIC RIM (LGA) ^ 66 $485,000-4.4% $500,000 1.5% 6.1% BEAUDESERT 20 $305,000-13.5% $324,000-2.4% -2.4% BOONAH 6 N/A N/A $293,750 13.9% -2.6% KOORALBYN ^ 4 N/A N/A $329,500-3.1% 2.3% TAMBORINE ^ 22 $492,500-5.5% $511,000-4.9% -5.7% TAMBORINE MOUNTAIN 17 $460,000-7.1% $453,500 3.1% -1.9% TAMBORINE MOUNTAIN ^ ~ 8 N/A N/A $740,000 19.4% -22.5% SOMERSET (LGA) 37 $235,000-4.9% $250,000 0.0% -7.2% SOMERSET (LGA) ^ 43 $360,000-2.6% $364,000-4.2% -1.6% FERNVALE 7 N/A N/A $335,000-4.3% 6.1% KILCOY 4 N/A N/A $216,500-7.5% -10.9% LOWOOD 11 $252,500 N/A $252,500 5.7% -6.3% S MARKET - UNITS & TOWNHOUSES BRISBANE (SD) 2,532 $395,500-1.1% $400,000 0.3% 3.9% IPSWICH (LGA) 90 $291,500-4.7% $300,000 0.0% 4.2% BRASSALL 5 N/A N/A $250,000-7.1% -14.9% BUNDAMBA 12 $305,900 N/A $305,900 2.0% 37.0% GOODNA ~ 5 N/A N/A $255,000-17.7% 6.7% REDBANK PLAINS ~ 5 N/A N/A $231,500 2.0% -22.6% SPRINGFIELD LAKES 5 N/A N/A $384,900 N/A N/A LOGAN (LGA) 205 $245,750-0.7% $245,000-2.8% -10.6% BEENLEIGH ~ 16 $190,000 N/A $190,000 3.0% -20.6% BORONIA HEIGHTS ~ t 10 $246,500 N/A $248,500 10.4% 38.4% DAISY HILL 5 N/A N/A $315,000 7.5% 2.3% EAGLEBY ~ 11 $302,000 31.3% $217,000-0.5% -28.3% EDENS LANDING 3 N/A N/A $210,000 1.3% -16.5% HILLCREST 6 N/A N/A $229,500 5.4% -1.7% KINGSTON 3 N/A N/A $280,000 0.0% -6.7% LOGAN CENTRAL 9 N/A N/A $184,000 4.0% -15.9% MARSDEN 6 N/A N/A $331,000 0.6% 14.1% MEADOWBROOK 7 N/A N/A $255,000-2.1% -12.1% MOUNT WARREN PARK 13 $208,750 N/A $213,750 1.8% -8.7% ROCHEDALE SOUTH 5 N/A N/A $275,750 0.3% -4.5% SHAILER PARK 10 $271,000 4.2% $275,000 0.7% -12.7% SLACKS CREEK 11 $215,500-5.1% $222,250 7.4% -6.8% SPRINGWOOD 9 N/A N/A $267,750 0.1% -4.4% UNDERWOOD 9 N/A N/A $358,750-5.6% -6.7% WATERFORD WEST 4 N/A N/A $210,000 11.3% -6.9% WOODRIDGE 30 $203,000 4.6% $193,000 4.3% -12.3% MORETON BAY (LGA) 311 $325,000-3.0% $333,000-0.6% -1.5% ALBANY CREEK * t 2 N/A N/A $417,000 1.0% 3.3% BELLARA ~ 4 N/A N/A $270,000 21.4% -2.4% BONGAREE 10 $325,000 5.3% $315,000 3.3% -11.0% BRENDALE ~ t 28 $270,500 1.9% $270,000-16.5% -6.6% BURPENGARY 2 N/A N/A $323,500 19.8% 6.1% CABOOLTURE ~ 9 N/A N/A $185,000-16.4% -37.2% CLONTARF ~ 7 N/A N/A $325,000-23.5% -0.6% DECEPTION BAY ~ 17 $245,000 2.9% $240,000 4.4% -27.3% GRIFFIN 10 $378,900 N/A $360,000 1.3% N/A KALLANGUR 16 $293,000-5.5% $300,000-9.6% -6.3% KIPPA-RING 6 N/A N/A $275,000 1.5% -17.9% LAWNTON ~ 10 $220,000-0.5% $225,000-0.9% -34.8% MANGO HILL 6 N/A N/A $365,000-0.5% -3.3% MARGATE 13 $331,500 N/A $360,000-4.0% 0.0% MORAYFIELD 11 $210,000 N/A $268,000 9.6% -15.5% MURRUMBA DOWNS 10 $304,800-6.0% $337,000-1.6% -3.2% NORTH LAKES ~ 18 $369,000 0.3% $369,000 2.8% 9.2% PETRIE 3 N/A N/A $332,500-1.0% -7.6% REDCLIFFE ~ 42 $377,000 6.2% $371,800 7.8% -8.3% SCARBOROUGH ~ 8 N/A N/A $405,500 3.3% -1.1% STRATHPINE 6 N/A N/A $265,000 4.0% -8.6% WOODY POINT ~ 21 $380,000 2.7% $353,750 8.9% -23.5% WOORIM 5 N/A N/A $342,500-1.9% 15.7% REDLAND (LGA) ~ t 108 $357,000-8.5% $394,500 6.9% 11.5% BIRKDALE 6 N/A N/A $391,000 4.6% 9.4% CAPALABA ~ 25 $335,000-2.9% $348,450 2.5% 13.6% CLEVELAND 32 $353,000-14.9% $400,000-3.6% 4.3% ORMISTON 10 $370,000 N/A $370,000 1.4% 4.2% THORNESIDE 4 N/A N/A $320,000 4.9% 8.5% THORNLANDS 1 N/A N/A $395,000 N/A N/A VICTORIA POINT 10 $332,500 N/A $345,000-4.2% -3.8% WELLINGTON POINT 7 N/A N/A $456,900 0.4% 24.7% 464 396 BRISBANE LAND S (p) 235 BRISBANE UNIT S (p) 246 259 203 203 172 100 111 65 52 29 17 3 12 4 7 <$250k $250K+ $350K+ $500K+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND <$250k $250K+ $350K+ $500K+ $1M+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND DECEMBER QUARTER 2015 13

BRISBANE MARKET UPDATES S MARKET - VACANT LAND S MARKET - VACANT LAND (CONT D) OF S OF S BRISBANE (SD) 706 $224,050-1.3% $220,750 1.8% 7.7% BRISBANE (SD) ^ 52 $319,450 16.2% $275,000 1.9% -3.5% IPSWICH (LGA) 78 $177,750-0.8% $180,000 0.1% 0.7% IPSWICH (LGA) ^ 5 N/A N/A $258,000 4.5% 0.8% BELLBIRD PARK 4 N/A N/A $222,900 12.0% -7.1% BRASSALL 6 N/A N/A $182,000-1.6% 2.3% BROOKWATER - N/A N/A N/A N/A N/A DEEBING HEIGHTS 9 N/A N/A $181,200 8.6% N/A KARALEE ^ 3 N/A N/A $269,000-0.4% 2.2% LEICHHARDT * 3 N/A N/A $147,500-2.3% -17.1% REDBANK PLAINS * 7 N/A N/A $154,870 1.2% -11.5% RIPLEY * 11 $181,000 N/A $172,000-0.9% N/A SOUTH RIPLEY ~ * 8 N/A N/A $175,000 N/A N/A SPRINGFIELD LAKES ~ * 9 N/A N/A $201,000-0.3% 12.3% LOGAN (LGA) 146 $193,244 5.1% $182,567 1.4% -13.0% LOGAN (LGA) ^ 20 $279,500 4.1% $265,700 2.2% 3.2% BUCCAN ^ 1 N/A N/A $285,000-1.7% N/A CORNUBIA 10 $372,500 3.5% $360,000 2.1% 61.8% CRESTMEAD 3 N/A N/A $207,500 18.6% 1.2% HOLMVIEW 4 N/A N/A $178,150-1.7% -17.1% JIMBOOMBA 4 N/A N/A $160,000-5.8% -14.8% JIMBOOMBA ^ * 3 N/A N/A $257,500 7.5% 19.2% LOGAN RESERVE * 12 $188,000 3.9% $173,375 8.7% N/A LOGAN VILLAGE 5 N/A N/A $255,000 2.4% 4.1% LOGANLEA * 2 N/A N/A $205,000 7.9% -3.5% MARSDEN 5 N/A N/A $210,000 13.5% 7.7% NEW BEITH ^ - N/A N/A $297,000 5.3% 14.0% WATERFORD 11 $200,000 2.8% $197,000 13.4% 7.9% YARRABILBA ~ * 80 $163,445-4.5% $167,606 5.1% N/A MORETON BAY (LGA) 121 $228,000-1.7% $230,000 4.6% 12.7% MORETON BAY (LGA) ^ 17 N/A N/A $287,250 6.4% -15.5% BANKSIA BEACH 4 N/A N/A $423,000 4.4% -3.9% BURPENGARY * 2 N/A N/A $220,950 2.3% N/A CABOOLTURE 16 $189,000 1.6% $185,500 6.0% -4.9% CABOOLTURE ^ - N/A N/A $265,000 3.9% -1.9% DAKABIN 6 N/A N/A $225,000 6.6% 7.2% GRIFFIN * 14 $247,500-0.6% $245,500 11.8% 19.0% KALLANGUR * 8 N/A N/A $235,000 6.8% 14.6% MANGO HILL - N/A N/A $255,000 10.9% 13.4% MORAYFIELD 1 N/A N/A $185,000 5.7% -5.1% NARANGBA 13 $212,900 3.1% $210,450 2.5% -6.5% NORTH LAKES * 18 $275,550-7.6% $275,180 14.6% 32.1% WARNER 3 N/A N/A $249,900 7.3% 7.7% BRISBANE HOUSE S (p) 1508 1483 1265 1078 697 652 REDLAND (LGA) ~ B 191 $63,000-16.0% $245,000-6.1% -0.4% BIRKDALE 2 N/A N/A $307,000-0.7% 3.7% MACLEAY ISLAND ~ 22 $24,750 N/A $33,000 6.5% -36.5% MOUNT COTTON 21 $260,000-4.4% $263,000-0.8% 2.7% REDLAND BAY 35 $300,000-13.7% $295,000 6.3% -1.7% RUSSELL ISLAND ~ * 74 $18,250 1.4% $18,250-4.0% -47.9% THORNLANDS * 21 $325,000 5.9% $300,000 4.7% 5.3% WELLINGTON POINT 3 N/A N/A $400,000 10.3% 21.6% LOCKYER VALLEY (LGA) ~ 5 N/A N/A $123,000 23.0% -1.6% LOCKYER VALLEY (LGA) ^ ~ 17 N/A N/A $135,000-0.9% -0.7% KENSINGTON GROVE ^ 7 N/A N/A $153,450 4.0% 16.3% SCENIC RIM (LGA) 6 N/A N/A $180,900 0.8% -0.9% SCENIC RIM (LGA) ^ ~ 9 N/A N/A $224,000-5.7% 21.7% GLENEAGLE 3 N/A N/A $182,900 2.2% 2.2% SOMERSET (LGA) 5 N/A N/A $144,000 2.1% 11.6% FERNVALE 3 N/A N/A $151,000 3.4% 8.6% RENTAL MARKET - 3 BED HOUSES IPSWICH CITY $300 735 $300 705 4300 AUGUSTINE HEIGHTS $346 189 $340 178 4301 COLLINGWOOD PARK $315 112 $310 85 4303 DINMORE $280 24 $260 15 4304 BLACKSTONE $285 97 $290 78 4305 BASIN POCKET $285 252 $285 271 4306 AMBERLEY $335 38 $320 47 4340 ASHWELL $290 20 $290 24 LOGAN CITY $345 926 $340 831 4114 KINGSTON $320 157 $315 138 4118 BROWNS PLAINS $350 112 $345 93 4119 UNDERWOOD $380 15 $360 8 4123 PRIESTS GULLY $390 53 $390 51 4124 BORONIA HEIGHTS $340 48 $340 39 4127 CHATSWOOD HILLS $370 81 $365 69 4128 KIMBERLEY PARK $380 29 $370 25 4129 LOGANDALE $360 30 $365 23 4130 CARBROOK $400 13 $380 6 4131 LOGANLEA $340 40 $340 27 4132 CRESTMEAD $330 94 $330 72 4133 CHAMBERS FLAT $360 33 $340 47 4205 BETHANIA $340 19 $320 15 4207 ALBERTON $335 167 $330 191 4280 JIMBOOMBA $395 29 $380 18 MORETON BAY REGIONAL $350 989 $340 1056 4019 CLONTARF $360 98 $350 81 4020 NEWPORT $360 68 $360 83 4021 KIPPA-RING $350 39 $350 32 4022 ROTHWELL $380 11 $350 10 4035 ALBANY CREEK $395 22 $410 15 4055 BUNYA $430 31 $400 38 4500 BRAY PARK $370 71 $360 72 4501 LAWNTON $350 24 $340 16 4502 FRENCHS FOREST $350 13 $350 23 4503 DAKABIN $350 103 $350 93 4504 NARANGBA $350 24 $340 27 4505 BURPENGARY $330 25 $340 20 4506 MOORINA $315 55 $300 70 4507 BANKSIA BEACH $350 42 $330 51 29 25 <$350k $350K+ $500K+ $1M+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND 14 QUEENSLAND MARKET MONITOR

BRISBANE MARKET UPDATES RENTAL MARKET - 3 BED HOUSES (CONT D) 4508 DECEPTION BAY $320 92 $300 107 4509 MANGO HILL $385 87 $380 90 4510 BALINGOOL $300 130 $290 164 4511 GODWIN BEACH $350 16 $325 13 4514 BELLTHORPE $330 11 $300 19 4516 ELIMBAH $350 8 N.A. 3 4520 ARMSTRONG CREEK $500 6 $450 12 4521 CAMPBELLS POCKET $355 8 $310 5 REDLAND CITY $390 298 $390 316 4157 CAPALABA $382 26 $395 39 4158 THORNESIDE $400 7 $360 6 4159 AQUATIC PARADISE $400 23 $415 28 4160 EROBIN $380 28 $415 29 4161 ALEXANDRA HILLS $395 53 $395 40 4163 CLEVELAND $400 32 $415 31 4164 PINKLANDS $420 14 $440 19 4165 MOUNT COTTON $400 59 $395 56 4183 AMITY $370 7 N.A. 3 4184 COOCHIEMUDLO ISLAND $250 49 $250 65 LOCKYER VALLEY REGIONAL $295 67 $290 87 4341 BLENHEIM $280 30 $280 46 4342 CROWLEY VALE $300 7 $295 7 4343 ADARE $300 27 $290 30 SOMERSET REGIONAL $265 50 $265 63 4311 ATKINSONS DAM $285 22 $275 30 4312 BRYDEN $250 5 $225 12 4313 BIARRA $250 7 N.A. 4 4515 GLENFERN $275 16 $285 17 RENTAL MARKET - 3 BED TOWNHOUSES IPSWICH CITY $315 154 $310 144 4300 AUGUSTINE HEIGHTS $370 60 $330 37 4301 COLLINGWOOD PARK $320 25 $310 32 4304 BLACKSTONE $300 46 $305 46 4305 BASIN POCKET $300 22 $300 28 LOGAN CITY $340 393 $335 381 4114 KINGSTON $315 32 $325 32 4118 BROWNS PLAINS $350 60 $350 60 4127 CHATSWOOD HILLS $330 37 $315 27 4128 KIMBERLEY PARK $340 12 $330 8 4131 LOGANLEA $350 36 $341 22 4133 CHAMBERS FLAT $325 24 $310 19 4207 ALBERTON $320 80 $320 92 MORETON BAY REGIONAL $340 583 $340 594 4500 BRAY PARK $340 51 $350 73 4501 LAWNTON $345 11 $310 7 4503 DAKABIN $345 157 $340 160 4505 BURPENGARY $315 34 $300 19 4507 BANKSIA BEACH $320 9 $320 6 4508 DECEPTION BAY $315 41 $310 50 4510 BALINGOOL $290 17 $285 16 REDLAND CITY $400 178 $390 99 4157 CAPALABA $380 20 $344 11 4158 THORNESIDE $380 16 $375 9 4159 AQUATIC PARADISE $400 6 $420 7 4163 CLEVELAND $415 49 $400 36 RENTAL MARKET - 2 BED UNITS IPSWICH CITY $260 206 $255 140 4300 AUGUSTINE HEIGHTS $270 44 $260 28 4301 COLLINGWOOD PARK $270 26 $265 17 4304 BLACKSTONE $255 31 $260 35 4305 BASIN POCKET $250 96 $250 54 4306 AMBERLEY $265 7 $230 6 LOGAN CITY $270 181 $260 188 4114 KINGSTON $260 67 $250 75 4123 PRIESTS GULLY $295 6 N.A. 4 4127 CHATSWOOD HILLS $280 17 $300 15 4128 KIMBERLEY PARK $310 7 $280 7 4131 LOGANLEA $280 5 $265 6 4132 CRESTMEAD $290 11 N.A. 4 4133 CHAMBERS FLAT $290 7 $260 8 4207 ALBERTON $260 55 $260 58 MORETON BAY REGIONAL $280 452 $280 479 4019 CLONTARF $270 63 $265 80 4020 NEWPORT $310 73 $300 100 4021 KIPPA-RING $280 9 $270 7 4500 BRAY PARK $290 33 $290 28 4501 LAWNTON $290 7 $275 14 4503 DAKABIN $280 48 $280 42 4505 BURPENGARY $265 6 $270 9 4506 MOORINA $260 22 $260 17 4507 BANKSIA BEACH $280 42 $260 49 4508 DECEPTION BAY $290 12 $295 15 4509 MANGO HILL $325 16 $300 20 4510 BALINGOOL $260 104 $260 88 REDLAND CITY $340 75 $340 58 4157 CAPALABA $345 17 $330 9 4163 CLEVELAND $340 36 $375 27 LOCKYER VALLEY REGIONAL $218 14 $240 13 4343 ADARE $235 8 $240 11 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 2015 15

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. 44 28 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) 567 449 <$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. 776 759 139 120 16 QUEENSLAND MARKET MONITOR

REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - UNITS & TOWNHOUSES OF S OF S GOLD COAST (LGA) 1,410 $552,250 0.4% $542,750 6.4% 7.5% GOLD COAST (LGA) ^ 148 $728,000-1.6% $725,000 5.5% 2.1% ARUNDEL 26 $506,000-8.0% $523,500 4.7% 6.4% ASHMORE 47 $562,000 12.4% $513,500 2.7% 6.6% BENOWA 27 $766,500-2.4% $770,000 2.6% 1.8% BIGGERA WATERS 13 $569,000 N/A $627,500 7.3% 2.6% BONOGIN ^ 13 $665,000-4.3% $665,000 10.8% -6.5% BROADBEACH WATERS 43 $925,000 8.2% $835,000-0.7% 5.1% BUNDALL 19 $1,037,500 18.6% $885,000 14.9% -20.0% BURLEIGH HEADS 22 $660,000-3.3% $660,000 8.2% 5.2% BURLEIGH WATERS 50 $646,000-7.4% $672,500 13.0% 5.3% CARRARA 32 $480,500-2.4% $482,500 2.4% 9.5% CLEAR ISLAND WATERS 8 N/A N/A $960,500 14.4% 11.9% COOLANGATTA 6 N/A N/A $762,000 24.8% -4.4% COOMBABAH 23 $437,500 1.2% $435,000 4.2% -5.1% COOMERA ~ f 16 $400,000-8.2% $439,000 16.1% -4.7% CURRUMBIN ~ f 10 $722,000 N/A $763,000-16.4% 63.0% CURRUMBIN VALLEY ^ 4 N/A N/A $857,500 9.2% 4.3% CURRUMBIN WATERS 20 $575,000-7.3% $570,000 10.7% 5.1% ELANORA 39 $565,500 0.1% $560,000 6.6% -1.6% GILSTON 9 N/A N/A $528,500 9.0% -4.0% HELENSVALE 77 $565,000 4.4% $537,000 9.6% 1.0% HIGHLAND PARK 16 $482,500 7.5% $450,000 8.4% -7.4% HOLLYWELL 6 N/A N/A $642,500 18.4% -6.4% HOPE ISLAND ~ f 18 $620,000 6.0% $600,000 15.4% -4.6% JACOBS WELL 8 N/A N/A $400,000-1.2% -2.2% LABRADOR 25 $480,000 3.2% $471,000 6.9% 3.6% LOWER BEECHMONT 1 N/A N/A $355,000-6.6% -2.7% MAUDSLAND 9 N/A N/A $463,750 0.4% 1.4% MERMAID BEACH 10 $1,150,000-13.5% $1,218,125 36.9% -36.4% MERMAID WATERS ~ f 41 $760,000-6.9% $755,000 9.8% 5.9% MERRIMAC 13 $450,000-2.1% $468,250 9.8% 2.8% MIAMI 24 $609,250-10.4% $622,500 7.3% 4.0% MOLENDINAR 28 $580,000 2.1% $550,000 7.8% 1.6% MUDGEERABA 32 $504,999 3.6% $500,000 2.8% 2.4% MUDGEERABA ^ 11 $715,000-0.7% $700,000 11.1% -13.7% NERANG 46 $422,000 5.5% $401,000 5.8% -0.3% NERANG ^ 6 N/A N/A $775,000 7.6% -4.6% ORMEAU 41 $440,000-1.8% $433,000 0.7% -3.4% ORMEAU HILLS 10 $477,500-2.1% $485,000 9.2% -12.4% OXENFORD 42 $470,250-0.3% $465,500 7.0% -5.4% PACIFIC PINES 73 $490,000 5.0% $480,000 3.2% 0.0% PALM BEACH 48 $651,000-2.7% $652,000 13.4% 2.7% PARADISE POINT ~ f 23 $1,080,000 N/A $977,500 17.1% 0.3% PARKWOOD 32 $545,000 3.3% $535,000 5.9% 2.5% PIMPAMA ~ 12 $430,000 2.0% $430,000 5.9% 1.5% REEDY CREEK 18 $780,000 17.3% $671,200 8.1% -7.5% ROBINA ~ 75 $610,000-3.2% $600,000 13.2% -2.8% RUNAWAY BAY 19 $945,000 2.5% $890,000 7.2% 10.3% SOUTHPORT 53 $550,000 7.5% $511,000 8.0% 0.9% SURFERS PARADISE 24 $1,325,000 14.7% $1,225,000 7.6% -12.4% TALLAI ^ ~ 13 $866,500 1.9% $840,000 14.3% -2.6% TALLEBUDGERA ^ ~ 16 $845,000 12.3% $786,500 14.3% -10.3% TALLEBUDGERA VALLEY ^ 3 N/A N/A $760,000 0.0% 4.8% TUGUN 16 $610,000 21.4% $515,000 5.9% 9.3% UPPER COOMERA 94 $439,000 2.1% $432,500 5.8% -2.6% VARSITY LAKES 37 $549,000 4.1% $549,500 9.9% 2.0% WONGAWALLAN ^ 1 N/A N/A $613,000-10.9% N/A WORONGARY 9 N/A N/A $423,000 3.4% 1.0% WORONGARY ^ 12 $762,500 N/A $716,500 5.8% -6.6% GOLD COAST (LGA) 1,913 $374,500 2.6% $369,000 1.1% -2.9% ARUNDEL 19 $305,000-5.3% $317,500 2.4% -2.3% ASHMORE 21 $330,000 10.4% $309,500 9.0% 0.6% BENOWA * t 29 $425,000-24.1% $543,750-16.1% 0.7% BIGGERA WATERS ~ 54 $347,000-3.6% $375,000-8.1% -0.4% BILINGA ~ 15 $550,000 16.4% $492,000 21.6% -5.6% BROADBEACH 92 $490,000 14.2% $443,500-1.4% -9.5% BROADBEACH WATERS 9 N/A N/A $432,500 18.5% 6.9% BUNDALL 4 N/A N/A $325,900-2.7% -6.9% BURLEIGH HEADS 58 $375,000-13.8% $413,750 5.8% 1.5% BURLEIGH WATERS 19 $370,000 4.7% $370,000 7.3% 3.5% CARRARA ~ t 54 $355,500-17.3% $424,000-1.4% -1.4% CLEAR ISLAND WATERS ~ f 11 $370,000-9.8% $452,500 7.7% -2.7% COOLANGATTA 66 $482,500 14.9% $457,500 14.4% -10.3% COOMBABAH 22 $338,750 5.0% $330,000 0.0% -3.9% COOMERA ~ f 51 $455,000 27.2% $362,900 4.2% 8.3% CURRUMBIN 20 $395,250-7.3% $411,500-5.6% 1.5% CURRUMBIN WATERS 18 $316,000-2.4% $330,000 6.5% -1.5% ELANORA 23 $420,000 15.1% $333,750 11.3% -0.4% HELENSVALE ~ t 19 $358,000-24.2% $417,544 11.9% 1.8% HIGHLAND PARK ~ t 1 N/A N/A $293,500 15.3% 2.8% HOLLYWELL ~ 3 N/A N/A $599,000-4.5% -35.6% HOPE ISLAND * f 88 $545,000-9.8% $550,000 12.2% 24.3% LABRADOR 120 $334,000 6.9% $323,900-5.3% -0.3% MAIN BEACH 37 $750,000 17.2% $640,000 11.5% -3.4% MERMAID BEACH 63 $335,000-6.9% $353,750-0.4% -8.4% MERMAID WATERS 38 $360,000-4.6% $359,500 15.2% 10.4% MERRIMAC 16 $342,500-4.9% $340,000-1.5% -18.2% MIAMI 43 $416,000 0.2% $402,500 10.3% 8.8% MUDGEERABA 13 $335,000 9.8% $330,000 3.1% -2.9% NERANG 33 $310,000 9.0% $300,000 5.3% -1.6% ORMEAU 14 $370,000 3.2% $356,625 8.4% -3.6% OXENFORD 22 $305,750 7.3% $287,000-1.0% -0.9% PACIFIC PINES 17 $327,500-9.0% $345,000-2.8% -10.4% PALM BEACH 50 $355,000 2.6% $345,000-3.5% -6.8% PARADISE POINT ~ f 20 $572,500 4.1% $617,500 7.4% 17.1% PARKWOOD 5 N/A N/A $320,000 8.5% 2.7% PIMPAMA 12 $385,000 13.7% $352,000 3.5% -3.8% REEDY CREEK 12 $306,000 0.0% $305,000 5.2% -3.2% ROBINA 59 $385,000-8.7% $420,000-3.5% -8.7% RUNAWAY BAY 34 $504,750-5.7% $449,000 12.3% 21.4% SOUTHPORT 164 $345,000-1.4% $344,000 4.2% -0.9% SURFERS PARADISE 302 $346,000 0.3% $346,500 1.9% -10.2% TUGUN 24 $377,500-4.4% $372,000-2.8% -13.1% UPPER COOMERA 23 $360,000 14.1% $325,000 6.6% -7.5% VARSITY LAKES 51 $409,000 4.9% $399,000 2.3% 0.3% 265 216 GOLD COAST UNIT S (p) 678 578 555 556 337 419 55 99 <$250k $250K+ $350K+ $500K+ $1M+ DECEMBER QUARTER 2015 17

REGIONAL MARKET UPDATES S MARKET - VACANT LAND OF S RENTAL MARKET - 3 BED HOUSES GOLD COAST (LGA) 151 $240,000 0.0% $239,000 3.9% 0.8% GOLD COAST (LGA) ^ 17 N/A N/A $407,000 13.1% -1.9% COOMERA 11 $264,900 8.1% $240,000 4.4% 11.6% ELANORA 1 N/A N/A $318,000 0.2% N/A GILSTON 1 N/A N/A $261,000 0.8% 5.5% HELENSVALE 3 N/A N/A $540,000 10.2% 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 $235,000 4.8% -12.3% ORMEAU HILLS - N/A N/A $215,300 0.1% -3.6% PACIFIC PINES 2 N/A N/A $225,200 N/A -4.0% PIMPAMA * 78 $239,975 0.0% $235,000 5.9% 8.8% REEDY CREEK 3 N/A N/A $349,500 9.2% 3.1% UPPER COOMERA * 12 $233,573-1.8% $239,500 4.6% 1.1% WILLOW VALE 6 N/A N/A $216,900 4.3% N/A GOLD COAST CITY $450 909 $440 942 4208 ORMEAU $400 18 $370 24 4209 COOMERA $390 111 $390 104 4210 OXENFORD $395 19 $395 18 4211 PACIFIC PINES $425 84 $410 103 4212 HELENSVALE $475 63 $500 46 4213 MUDGEERABA $450 37 $450 34 4214 ARUNDEL $435 76 $430 90 4215 SOUTHPORT $440 112 $410 113 4216 PARADISE POINT $460 66 $400 58 4217 SURFERS PARADISE $595 36 $550 43 4218 BROADBEACH $580 57 $535 62 4220 BURLEIGH HEADS $550 49 $495 64 4221 PALM BEACH $530 53 $480 53 4223 CURRUMBIN $480 31 $420 16 4224 TUGUN $460 8 $450 6 4225 COOLANGATTA $440 8 $400 10 4226 CLEAR ISLAND WATERS $480 48 $480 66 4227 VARSITY LAKES $480 32 $460 31 SCENIC RIM REGIONAL $350 108 $300 110 4270 TAMBORINE $450 6 $450 6 4272 MOUNT TAMBORINE $425 29 $370 20 4275 BENOBBLE $420 9 N.A. 4 4285 ALLENVIEW $300 34 $300 42 4309 ARATULA $280 8 $250 6 4310 ALLANDALE $280 14 $270 17 RENTAL MARKET - 2 BED UNITS GOLD COAST CITY $380 2253 $370 2325 4209 COOMERA $248 9 $305 6 4210 OXENFORD $320 21 $300 22 4211 PACIFIC PINES $320 51 $320 31 4212 HELENSVALE $400 46 $390 48 4214 ARUNDEL $310 21 $320 21 4215 SOUTHPORT $360 535 $350 562 4216 PARADISE POINT $390 230 $360 215 4217 SURFERS PARADISE $425 474 $410 502 4218 BROADBEACH $385 271 $360 327 4220 BURLEIGH HEADS $410 185 $375 168 4221 PALM BEACH $350 121 $340 124 4223 CURRUMBIN $370 32 $380 41 4224 TUGUN $360 38 $350 24 4225 COOLANGATTA $370 94 $345 98 4226 CLEAR ISLAND WATERS $420 55 $415 73 4227 VARSITY LAKES $400 64 $400 55 SCENIC RIM REGIONAL $220 36 $220 30 4285 ALLENVIEW $220 29 $210 21 RENTAL MARKET - 3 BED TOWNHOUSES GOLD COAST CITY $410 1056 $395 1064 4209 COOMERA $370 145 $355 152 4210 OXENFORD $370 19 $360 13 4211 PACIFIC PINES $390 173 $370 185 4214 ARUNDEL $385 34 $375 46 4215 SOUTHPORT $400 113 $410 110 4216 PARADISE POINT $420 88 $375 77 4217 SURFERS PARADISE $470 41 $460 45 4218 BROADBEACH $495 23 $465 24 4220 BURLEIGH HEADS $530 28 $460 34 4221 PALM BEACH $450 27 $390 29 4226 CLEAR ISLAND WATERS $480 169 $455 172 4227 VARSITY LAKES $465 63 $420 82 111 GOLD COAST LAND S (p) 98 36 28 13 14 10 15 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

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. 31 19 TOOWOOMBA UNIT S (p) 60 34 18 REGIONAL MARKET UPDATES <$250k $250K+ $350K+ $500K+ 233 54 218 TOOWOOMBA HOUSE S (p) 200 <$350k $350K+ $500K+ 50 4 <$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. 3 16 59 1 7 60 1 1 DECEMBER QUARTER 2015 19

REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - VACANT LAND OF S OF S TOOWOOMBA (LGA) 470 $352,500 0.3% $352,500 3.7% 19.5% TOOWOOMBA (LGA) ^ 93 $468,000-3.9% $500,000 1.8% 14.9% CENTENARY HEIGHTS 35 $375,000 2.2% $365,000 2.8% 21.6% CROWS NEST 10 $267,000 N/A $250,000-2.2% 9.9% DARLING HEIGHTS 17 $366,500 7.8% $349,000 2.1% 12.1% EAST TOOWOOMBA 26 $490,000 15.8% $445,000 3.5% 16.6% GLENVALE 13 $370,000 4.4% $370,000-0.2% 14.1% GLENVALE ^ 6 N/A N/A $510,000-11.4% 26.1% HARLAXTON 11 $265,000-13.3% $279,000-0.4% 14.1% HARRISTOWN 26 $326,000-2.3% $320,000 2.6% 20.5% HIGHFIELDS 13 $462,000 N/A $460,000-7.8% 18.1% HIGHFIELDS ^ 11 $551,000 1.6% $525,000-0.9% 22.1% KEARNEYS SPRING 29 $380,000 7.7% $364,900-2.0% 16.4% KINGSTHORPE 4 N/A N/A $313,000 5.4% 17.6% KLEINTON 4 N/A N/A $515,500 5.2% N/A MERINGANDAN WEST ^ ~ 4 N/A N/A $405,000 7.7% 15.3% MIDDLE RIDGE 24 $468,500-7.7% $489,000-2.2% 13.6% MOUNT LOFTY 25 $535,000 10.5% $481,500 16.0% 24.6% NEWTOWN 41 $305,000-0.3% $315,000 5.0% 15.4% NORTH TOOWOOMBA 15 $290,000-3.3% $316,000 1.9% 19.2% OAKEY 7 N/A N/A $237,250 7.8% -4.6% PITTSWORTH 6 N/A N/A $285,000 2.2% 0.4% RANGEVILLE 40 $430,000 6.6% $435,500 6.1% 9.5% ROCKVILLE 12 $250,000-12.7% $272,000-7.0% 13.6% SOUTH TOOWOOMBA 29 $315,000-10.0% $331,250 1.5% 18.7% TOOWOOMBA CITY ~ 5 N/A N/A $364,000 10.3% 23.6% WESTBROOK 12 $442,000-2.9% $445,500 1.0% 11.6% WILSONTON 14 $292,500-16.4% $315,000 0.0% 14.5% WILSONTON HEIGHTS 8 N/A N/A $288,750-0.4% 16.0% WYREEMA 6 N/A N/A $322,500-7.1% 21.8% GOONDIWINDI (LGA) ~ 23 $232,500 19.2% $240,000-1.6% -4.0% GOONDIWINDI 11 $338,000 N/A $280,000 0.0% 3.7% SOUTHERN DOWNS (LGA) ~ 65 $244,000 0.6% $230,000-4.2% -5.0% SOUTHERN DOWNS (LGA) ^ ~ 26 $324,000-7.4% $350,000 6.1% 8.5% STANTHORPE 10 $245,750 0.3% $229,500-4.0% -4.2% WARWICK 43 $249,000 6.4% $235,000-6.0% 2.0% WESTERN DOWNS (LGA) ~ 31 $189,000-23.9% $243,500-2.6% -8.1% WESTERN DOWNS (LGA) ^ ~ 23 $370,000 N/A $330,000-6.8% -7.0% CHINCHILLA 8 N/A N/A $299,500-9.9% 12.1% DALBY 12 $250,000 17.7% $250,000 3.6% -9.5% DALBY ^ 11 $438,000 N/A $417,500 0.0% -1.6% S MARKET - UNITS & TOWNHOUSES TOOWOOMBA (LGA) ~ t 72 $303,500-2.1% $305,000 3.4% 25.9% CENTENARY HEIGHTS ~ 5 N/A N/A $329,500 23.4% 19.8% EAST TOOWOOMBA ~ 3 N/A N/A $359,000 8.5% 30.5% HARRISTOWN 3 N/A N/A $205,000-15.8% -14.7% HIGHFIELDS 6 N/A N/A $322,500 4.4% -9.2% KEARNEYS SPRING 9 N/A N/A $305,000 4.0% 22.0% NEWTOWN 7 N/A N/A $254,500-11.0% 15.7% RANGEVILLE 2 N/A N/A $345,000-2.8% 16.0% SOUTH TOOWOOMBA ~ 9 N/A N/A $310,750 0.9% 31.7% WILSONTON 4 N/A N/A $245,000-14.0% 18.1% TOOWOOMBA (LGA) ~ * 54 $175,000-3.9% $174,000 7.8% 25.2% TOOWOOMBA (LGA) ^ 17 N/A N/A $190,000 3.3% 22.6% CRANLEY 2 N/A N/A $170,450 6.6% N/A GLENVALE* 6 N/A N/A $175,000 1.7% 23.7% KEARNEYS SPRING * 4 N/A N/A $189,250 N/A 18.3% KLEINTON 21 $184,500-2.1% $184,500 1.1% 26.4% MIDDLE RIDGE * 1 N/A N/A $248,000-15.0% 22.8% WESTBROOK 2 N/A N/A $167,500 4.9% 33.5% WYREEMA * 5 N/A N/A $155,000 5.4% N/A SOUTHERN DOWNS (LGA) ~ 11 N/A N/A $85,500 3.6% -5.0% RENTAL MARKET - 3 BED HOUSES TOOWOOMBA REGIONAL $300 551 $310 619 4350 KEARNEYS SPRING $300 455 $315 483 4352 AMIENS $370 21 $335 28 4355 ANDURAMBA $265 13 $275 8 4356 PITTSWORTH $285 6 $290 17 4357 BRINGALILY $220 12 $250 11 4359 ASCOT $285 7 $250 6 4361 BACK PLAINS $260 7 $230 8 4401 ACLAND $270 18 $280 24 GOONDIWINDI REGIONAL $265 35 $265 37 4387 BRUSH CREEK $200 5 $210 5 4390 BILLA BILLA $290 27 $285 25 SOUTHERN DOWNS REGIONAL $265 163 $260 130 4370 WARWICK $255 87 $260 79 4373 KILLARNEY $255 6 N.A. 2 4380 STANTHORPE $325 52 $280 33 WESTERN DOWNS REGIONAL $215 123 $260 172 4405 BLAXLAND $230 67 $260 87 4413 BAKING BOARD $200 42 $275 46 4415 MILES $180 6 $270 12 RENTAL MARKET - 2 BED UNITS TOOWOOMBA REGIONAL $245 385 $250 337 4350 KEARNEYS SPRING $250 359 $252 317 4352 AMIENS $280 5 N.A. 2 4401 ACLAND $205 7 $215 9 4614 NEUMGNA $130 6 N/A N/A GOONDIWINDI REGIONAL $190 17 $200 25 4390 BILLA BILLA $190 16 $200 21 SOUTHERN DOWNS REGIONAL $200 61 $204 51 4370 WARWICK $200 34 $214 31 4380 STANTHORPE $230 26 $180 18 WESTERN DOWNS REGIONAL $165 65 $220 49 4405 BLAXLAND $190 31 $200 28 4413 BAKING BOARD $150 28 $240 13 RENTAL MARKET - 3 BED TOWNHOUSES TOOWOOMBA REGIONAL $315 29 $300 17 4350 KEARNEYS SPRING $315 29 $300 17 WESTERN DOWNS REGIONAL $200 16 $350 19 20 QUEENSLAND MARKET MONITOR

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 2016. 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 2016. 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 92 59 SUNSHINE COAST HOUSE S (p) 437 357 <$350k $350K+ $500K+ $1M+ 477 400 42 39 76 61 55 36 SUNSHINE COAST UNIT S (p) 220 217 165 166 SUNSHINE COAST LAND S (p) 55 43 14 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. 137 11 100 9 22 6 7 DECEMBER QUARTER 2015 21

REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - HOUSES (CONT D) OF S OF S SUNSHINE COAST (SD) 1,017 $505,000-0.5% $500,000 3.7% 6.4% SUNSHINE COAST (SD) ^ 221 $615,000-0.3% $600,000 6.2% 4.3% SUNSHINE COAST (LGA) 878 $500,000 0.0% $495,000 4.2% 6.5% SUNSHINE COAST (LGA) ^ 162 $627,000 1.3% $610,000 5.6% 8.9% ALEXANDRA HEADLAND ~ f 9 N/A N/A $800,000 12.3% 2.5% AROONA ~ 13 $473,000 6.3% $460,000 1.1% 6.4% BATTERY HILL ~ 5 N/A N/A $465,000 6.9% -0.5% BEERWAH 28 $405,000 3.9% $390,000 2.6% -7.3% BLI BLI 20 $455,000 0.0% $445,000 3.5% 6.5% BUDDINA 14 $615,000 4.6% $615,000 15.0% -15.1% BUDERIM 113 $545,000-4.4% $552,750 3.3% 0.9% BUDERIM ^ ~ 7 N/A N/A $876,340-4.2% -5.7% BURNSIDE 9 N/A N/A $415,000 8.8% 0.3% CALOUNDRA WEST 26 $435,000-4.4% $440,000 3.8% -0.2% COES CREEK 7 N/A N/A $379,000 5.6% -10.0% COOLUM BEACH 29 $555,000 8.8% $521,000 4.9% 2.9% CURRIMUNDI 18 $505,000 7.5% $465,000 6.3% 2.6% DICKY BEACH ~ f 8 N/A N/A $740,000 9.2% 31.6% EUMUNDI ^ 4 N/A N/A $661,000 3.7% 2.8% GLASS HOUSE MOUNTAINS 9 N/A N/A $417,000-1.2% -2.3% GLASS HOUSE MOUNTAINS ^ 5 N/A N/A $512,500 13.9% 6.9% GOLDEN BEACH 16 $482,500 0.1% $474,500 4.9% -1.6% KULUIN 12 $447,500-1.7% $440,000 6.0% 6.4% LANDSBOROUGH 12 $377,500 N/A $363,500 2.1% -6.3% LITTLE MOUNTAIN 30 $511,000-4.5% $515,000 8.4% 1.1% MALENY 12 $485,000 14.1% $460,000 7.5% -0.5% MALENY ^ 5 N/A N/A $597,500 5.8% -10.2% MARCOOLA 16 $420,000 N/A $523,500 6.8% 8.8% MAROOCHYDORE 32 $528,000 5.6% $510,000 5.8% 1.5% MERIDAN PLAINS 14 $465,000 11.3% $430,000-5.5% 2.2% MINYAMA 13 $975,000 N/A $905,000 15.1% -13.6% MOFFAT BEACH 8 N/A N/A $590,000-1.7% 1.8% MOOLOOLABA 21 $690,000 15.0% $650,000 1.6% 8.5% MOOLOOLAH VALLEY 5 N/A N/A $412,500 5.0% -1.5% MOOLOOLAH VALLEY ^ 6 N/A N/A $525,000-8.5% 8.3% MOUNT COOLUM 16 $505,000 N/A $510,000 7.6% 1.0% MOUNTAIN CREEK 41 $550,000 2.8% $540,000 4.6% 4.8% MUDJIMBA 3 N/A N/A $645,000 25.2% -1.0% NAMBOUR 47 $337,500-4.3% $348,000 4.2% -1.8% NINDERRY ^ 3 N/A N/A $605,000 6.1% N/A PACIFIC PARADISE 6 N/A N/A $400,000 2.6% -1.9% PALMWOODS 22 $450,000 4.7% $442,500 4.1% -4.2% PARREARRA 23 $575,000-10.2% $582,500-1.3% 7.3% PELICAN WATERS 33 $682,500 10.1% $643,750-2.8% 1.9% PEREGIAN SPRINGS 28 $590,000 3.5% $564,250 0.1% 8.4% SIPPY DOWNS 51 $470,000 5.0% $453,500 3.1% -0.5% TANAWHA ^ ~ 6 N/A N/A $926,000 15.5% 14.5% TWIN WATERS 9 N/A N/A $716,000 7.0% -1.6% WARANA 11 $563,450-2.0% $550,000 5.6% 8.5% WOOMBYE ~ 8 N/A N/A $432,500 4.1% -2.3% WURTULLA 22 $549,500 11.0% $533,500 11.2% 0.3% YANDINA 6 N/A N/A $363,500-4.3% 0.0% YAROOMBA ~ * 10 $590,013 N/A $577,500 5.4% -4.7% NOOSA (LGA) ~ 139 $540,000 0.0% $556,500 2.1% 2.1% NOOSA (LGA) ^ ~ 59 $588,777-4.3% $595,000 11.2% -0.8% BLACK MOUNTAIN ^ 4 N/A N/A $570,000 13.2% -3.3% COORAN ^ 3 N/A N/A $420,000 15.1% -18.7% COOROIBAH ^ 4 N/A N/A $590,000 1.7% -8.7% COOROY 12 $425,000 8.3% $426,000 4.2% -6.6% DOONAN ^ 17 $695,000 0.7% $685,000 13.2% -16.6% NOOSA HEADS 12 $632,500 N/A $780,000 16.4% 3.6% NOOSAVILLE 26 $645,000-16.8% $760,000 4.8% 1.2% PEREGIAN BEACH ~ 16 $662,500-12.8% $710,000 18.3% -7.3% POMONA 6 N/A N/A $390,000 10.5% -6.7% POMONA ^ 11 $495,000 N/A $489,000-2.0% -7.8% SUNRISE BEACH 5 N/A N/A $625,000 2.5% 10.2% SUNSHINE BEACH 7 N/A N/A $975,000-11.4% 24.3% 22 QUEENSLAND MARKET MONITOR TEWANTIN 34 $455,000-4.2% $460,000 3.4% -1.4% S MARKET - UNITS & TOWNHOUSES SUNSHINE COAST (SD) 655 $374,000-0.7% $370,000 2.8% -1.3% SUNSHINE COAST (LGA) 500 $365,000 1.0% $360,000 1.0% -1.4% ALEXANDRA HEADLAND ~ 31 $355,000 4.4% $348,000 5.5% 2.0% BATTERY HILL 2 N/A N/A $262,500 5.0% 1.2% BIRTINYA 3 N/A N/A $418,750-2.6% -17.1% BUDDINA 4 N/A N/A $420,000-4.2% 7.7% BUDERIM 41 $390,000-2.3% $388,000 4.9% -2.9% CALOUNDRA 27 $365,235-3.5% $375,000-2.6% -13.8% CALOUNDRA WEST 3 N/A N/A $327,000 10.5% 0.6% COOLUM BEACH 27 $354,500 1.0% $350,000-3.6% -9.1% CURRIMUNDI 4 N/A N/A $373,000 6.6% 5.1% GOLDEN BEACH 19 $365,000-3.3% $374,000 6.9% 3.9% KINGS BEACH 31 $439,000 17.6% $390,000 4.0% -8.6% LITTLE MOUNTAIN - N/A N/A $354,500-9.1% 9.9% MARCOOLA 15 $313,500 8.1% $316,250 4.0% -8.9% MAROOCHYDORE 90 $355,000 3.7% $360,000-1.4% -3.2% MINYAMA 3 N/A N/A $319,000 3.7% 8.3% MOFFAT BEACH 5 N/A N/A $487,500 22.6% -3.0% MOOLOOLABA ~ 68 $362,000 2.0% $355,000-7.8% -10.1% MOUNT COOLUM ~ 4 N/A N/A $345,000 8.8% 0.0% MOUNTAIN CREEK 13 $314,750 N/A $351,500-5.0% 34.7% NAMBOUR ~ 18 $215,500-10.2% $240,000 11.6% -21.3% PARREARRA ~ 12 $492,500 7.7% $445,000 14.1% -17.6% PELICAN WATERS 4 N/A N/A $480,000 5.5% 3.2% PEREGIAN SPRINGS ~ t 14 $476,250 N/A $300,000 14.8% 13.2% TWIN WATERS 6 N/A N/A $516,000 9.8% -6.2% WARANA 7 N/A N/A $360,000 14.7% 16.1% WURTULLA * 6 N/A N/A $384,000 11.3% 20.0% NOOSA (LGA) 155 $430,000-2.3% $420,000 7.7% -7.3% COOROY 7 N/A N/A $319,000 N/A N/A NOOSA HEADS ~ 50 $575,000 8.5% $540,000 29.3% -5.0% NOOSAVILLE 50 $392,500-4.6% $402,500 10.3% 5.9% PEREGIAN BEACH ~ 14 $382,500 N/A $366,000-1.1% -1.1% SUNRISE BEACH 5 N/A N/A $342,000-5.3% -9.4% SUNSHINE BEACH ~ 11 $665,000 19.0% $537,000 0.4% 1.8% TEWANTIN 14 $282,500 N/A $295,000 9.8% 3.5% S MARKET - VACANT LAND SUNSHINE COAST (SD) 127 $272,000 5.4% $255,000 6.3% -0.4% SUNSHINE COAST (SD) ^ 27 $300,000-3.2% $305,000 0.0% -4.7% SUNSHINE COAST (LGA) ~ 96 $269,750 5.0% $252,000 5.9% -1.2% SUNSHINE COAST (LGA) ^ 21 $299,000-3.6% $305,000 0.0% -4.7% BEERWAH 13 $202,000-3.6% $212,000 N/A 12.2% BIRTINYA 1 N/A N/A $297,000 12.9% -9.0% BLI BLI 16 $272,500 3.0% $260,000 8.6% 4.8% CALOUNDRA WEST * 7 N/A N/A $224,750 10.2% -15.2% FOREST GLEN * 2 N/A N/A $259,000 5.7% N/A GLASS HOUSE MOUNTAINS 3 N/A N/A $198,000 2.6% N/A LITTLE MOUNTAIN 1 N/A N/A $255,000 9.7% 1.2% MALENY 1 N/A N/A $232,875 5.9% 8.3% MAROOCHYDORE * 4 N/A N/A $305,000 34.4% 50.6% MERIDAN PLAINS 6 N/A N/A $242,900 11.5% -1.6% MOUNTAIN CREEK ~ * 5 N/A N/A $290,000 10.9% 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 $266,000-42.1% -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 $325,000-16.1% N/A NOOSA (LGA) 31 $295,000 N/A $283,500 8.2% -4.7% NOOSAVILLE * f 3 N/A N/A $340,000 3.0% 13.3% PEREGIAN BEACH 7 N/A N/A $242,500 N/A N/A

REGIONAL MARKET UPDATES RENTAL MARKET - 3 BED HOUSES SUNSHINE COAST REGIONAL $420 742 $410 742 4518 GLASS HOUSE MOUNTAINS $380 9 $355 11 4519 BEERWAH $360 14 $350 26 4550 LANDSBOROUGH $335 7 $340 17 4551 CALOUNDRA $420 166 $410 151 4552 MALENY $370 17 $360 23 4553 PALMVIEW $380 13 $370 8 4555 PALMWOODS $410 7 $380 8 4556 BUDERIM $435 76 $440 75 4557 MOOLOOLABA $460 51 $450 44 4558 MAROOCHYDORE $430 41 $440 44 4559 WOOMBYE $400 16 $400 10 4560 NAMBOUR $380 72 $370 76 4561 YANDINA $400 19 $370 11 4562 BELLI PARK $420 11 $420 14 4564 MARCOOLA $440 24 $390 37 4573 COOLUM BEACH $440 93 $440 76 4575 BIRTINYA $430 95 $430 99 NOOSA SHIRE $450 124 $430 135 4565 TEWANTIN $445 54 $400 47 4566 NOOSAVILLE $550 16 $430 16 4567 NOOSA HEADS $490 30 $500 49 4563 COOROY $435 9 $350 8 4568 FEDERAL $360 8 $390 10 RENTAL MARKET - 2 BED UNITS SUNSHINE COAST REGIONAL $345 795 $325 837 4519 BEERWAH $270 10 N.A. 2 4551 CALOUNDRA $330 136 $315 155 4556 BUDERIM $320 56 $320 43 4557 MOOLOOLABA $340 101 $320 96 4558 MAROOCHYDORE $360 168 $340 184 4559 WOOMBYE $280 7 $280 7 4560 NAMBOUR $260 34 $250 37 4564 MARCOOLA $360 55 $320 63 4572 ALEXANDRA HEADLAND $360 38 $360 56 4573 COOLUM BEACH $350 61 $340 68 4575 BIRTINYA $400 121 $380 112 NOOSA SHIRE $370 99 $375 92 4565 TEWANTIN $270 5 N.A. 3 4566 NOOSAVILLE $360 35 $350 30 4567 NOOSA HEADS $380 56 $380 57 RENTAL MARKET - 3 BED TOWNHOUSES SUNSHINE COAST REGIONAL $405 220 $400 310 4551 CALOUNDRA $380 31 $390 30 4556 BUDERIM $405 42 $400 87 4557 MOOLOOLABA $410 50 $410 80 4558 MAROOCHYDORE $425 21 $360 34 4560 NAMBOUR $320 15 $350 16 4573 COOLUM BEACH $470 26 $440 24 4575 BIRTINYA $480 5 $400 9 NOOSA SHIRE $480 14 $500 21 4566 NOOSAVILLE $450 7 $550 7 4567 NOOSA HEADS $510 6 $500 14 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 2015 23

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 $287,500-7.3% $301,000 0.3% -2.3% FRASER COAST (LGA) ^ 78 $385,000 0.0% $372,500 1.1% -2.0% BOORAL ^ 9 N/A N/A $375,000 9.5% -15.8% BURRUM HEADS 7 N/A N/A $356,000-10.0% 8.3% DUNDOWRAN BEACH ^ 4 N/A N/A $550,000 10.6% -3.2% ELI WATERS 12 $310,000-9.0% $328,000 0.9% 0.0% GLENWOOD ^ ~ 6 N/A N/A $192,000-3.4% -8.8% GRANVILLE 12 $218,500 N/A $211,000 17.7% -17.6% KAWUNGAN 19 $322,500-3.7% $331,000 0.3% -1.5% MARYBOROUGH 70 $191,500-0.7% $195,000-4.7% -10.6% PIALBA 10 $281,000-7.9% $278,750-8.8% 2.5% POINT VERNON ~ 20 $352,500 19.5% $308,000 3.4% -5.4% RIVER HEADS 8 N/A N/A $300,000 7.1% -6.7% SCARNESS 10 $290,500 10.1% $273,000 0.4% -5.1% TINANA 7 N/A N/A $285,000 1.2% -9.2% TOOGOOM 15 $295,000-11.9% $310,000 3.2% -2.4% TORQUAY 14 $333,500 1.1% $305,000-2.6% -2.7% URANGAN 30 $317,000-2.5% $311,250-1.2% -3.3% URRAWEEN 21 $357,000 0.9% $351,500 3.4% 0.8% 203 214 FRASER COAST HOUSE S (p) GYMPIE (LGA) 96 $262,750 0.1% $265,000 2.3% -6.9% GYMPIE (LGA) ^ ~ 84 $350,000 0.0% $350,000 7.7% -2.0% CHATSWORTH ^ 6 N/A N/A $370,000 11.3% N/A COOLOOLA COVE 12 $305,000 8.1% $280,000 1.8% -8.0% CURRA ^ 8 N/A N/A $268,500 7.8% -17.3% GYMPIE 42 $237,500 5.1% $235,000 0.0% -10.6% SOUTHSIDE 19 $337,500-3.6% $320,000 1.6% -3.1% TIN CAN BAY 7 N/A N/A $310,000 10.7% -18.0% SOUTH BURNETT (LGA) ~ 52 $177,500-4.1% $185,000-7.5% -17.8% SOUTH BURNETT (LGA) ^ ~ 28 $255,000 6.0% $240,000-4.0% -17.0% KINGAROY 24 $225,000 5.3% $225,500-6.0% -9.1% 78 69 13 11 KINGAROY ^ ~ 3 N/A N/A $365,500 0.1% -8.8% MURGON 4 N/A N/A $129,000-14.0% -7.1% NANANGO 9 N/A N/A $175,000 1.5% -18.8% 43 <$350k $350K+ $500K+ FRASER COAST UNIT S (p) S MARKET - UNITS & TOWNHOUSES FRASER COAST (LGA) ~ 55 $220,000 0.6% $240,000-8.1% -12.2% PIALBA ~ 4 N/A N/A $240,000-22.6% -21.3% SCARNESS 8 N/A N/A $267,500 7.4% 11.5% TORQUAY 11 $220,000 N/A $213,750-9.8% -12.8% URANGAN 15 $249,000 3.8% $257,000-2.1% -19.4% 31 GYMPIE (LGA) 11 N/A N/A $250,000-3.9% -9.3% 15 18 3 3 3 1 <$250k $250K+ $350K+ $500K+ 78 FRASER COAST LAND S (p) 48 1 3 1 1 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

REGIONAL MARKET UPDATES S MARKET - VACANT LAND OF S FRASER COAST (LGA) 52 $140,000-8.5% $149,500 0.3% -3.5% FRASER COAST (LGA) ^ ~ 30 $72,000 3.6% $72,000-31.4% -24.2% BURRUM HEADS 6 N/A N/A $105,000 2.4% -30.1% GLENWOOD ^ ~ 18 $67,500 12.5% $65,000-6.5% -18.8% RIVER HEADS ~ 8 N/A N/A $100,000 2.6% -35.5% TOOGOOM 6 N/A N/A $120,000 20.0% -22.6% WONDUNNA 2 N/A N/A $156,000-1.3% -10.9% GYMPIE (LGA) ~ 23 $110,000-18.2% $124,500 13.2% -0.4% GYMPIE (LGA) ^ 15 N/A N/A $120,000-0.4% -6.8% GYMPIE 8 N/A N/A $134,000 27.6% 7.2% RENTAL MARKET - 3 BED HOUSES FRASER COAST REGIONAL $290 303 $285 312 4650 ALDERSHOT $270 127 $260 133 4655 BOORAL $310 160 $310 169 4659 BEELBI CREEK $255 14 $250 10 GYMPIE REGIONAL $275 135 $265 156 4570 AMAMOOR $275 110 $260 117 4580 COOLOOLA $280 15 $280 26 RENTAL MARKET - 3 BED HOUSES (CONT'D) SOUTH BURNETT REGIONAL $240 125 $235 117 4605 BARLIL $220 24 $200 22 4606 CHARLESTOWN $210 19 $220 11 4610 ALICE CREEK $250 58 $250 60 4615 BARKER CREEK FLAT $235 20 $235 17 RENTAL MARKET - 2 BED UNITS FRASER COAST REGIONAL $240 168 $245 137 4650 ALDERSHOT $190 44 $190 44 4655 BOORAL $255 120 $260 93 GYMPIE REGIONAL $210 43 $200 47 4570 AMAMOOR $199 28 $200 36 4580 COOLOOLA $220 7 N.A. 2 4581 EURONG $260 7 $260 8 SOUTH BURNETT REGIONAL $185 50 $195 50 4605 BARLIL $170 7 N.A. 1 4610 ALICE CREEK $200 36 $200 40 RENTAL MARKET - 3 BED TOWNHOUSES FRASER COAST REGIONAL $330 51 $310 47 4655 BOORAL $330 48 $310 47 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 2016. 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 2015 25

REGIONAL MARKET UPDATES S MARKET - HOUSES OF S BUNDABERG (LGA) 200 $270,000 0.0% $279,127 0.4% -2.1% BUNDABERG (LGA) ^ 53 $312,000-5.5% $330,000-8.0% -5.7% AVENELL HEIGHTS 16 $252,500-7.8% $271,000 1.1% -2.5% AVOCA 18 $334,500 25.1% $295,000-6.7% -0.1% BARGARA 20 $360,000-6.5% $384,250 4.7% -2.1% BRANYAN ^ 12 $344,500 0.6% $370,000-7.5% 11.6% BUNDABERG EAST 9 N/A N/A $246,250 2.0% -10.6% BUNDABERG NORTH 13 $220,000 1.4% $220,000 0.0% -14.1% BUNDABERG SOUTH 12 $263,000 12.2% $250,000 11.1% -15.3% BUNDABERG WEST 3 N/A N/A $252,000-14.6% 15.7% BURNETT HEADS 9 N/A N/A $290,000-1.7% 0.0% CORAL COVE 2 N/A N/A $425,250 6.3% -9.1% KALKIE 9 N/A N/A $366,500 19.2% -16.4% KEPNOCK 11 $270,000 4.4% $262,750-2.3% -5.1% MILLBANK 2 N/A N/A $240,000-4.0% -7.4% NORVILLE 11 $225,000 8.2% $219,000-4.3% -9.9% SVENSSON HEIGHTS 8 N/A N/A $259,000 1.6% -1.2% THABEBAN 7 N/A N/A $267,500 1.9% -8.4% WALKERVALE 3 N/A N/A $228,000-0.9% 0.0% WOODGATE 3 N/A N/A $380,000-9.0% -0.6% RENTAL MARKET - 3 BED HOUSES BUNDABERG REGIONAL $280 368 $285 363 4660 ABINGTON $280 34 $260 26 4670 ABBOTSFORD $285 318 $285 317 4671 BOOLBOONDA $240 16 $255 19 NORTH BURNETT REGIONAL $220 47 $220 47 4621 BIGGENDEN $220 6 N.A. 3 4625 ARANBANGA $250 15 $250 20 4626 BEERON $220 11 $200 8 4630 BANCROFT $200 13 $180 12 RENTAL MARKET - 2 BED UNITS BUNDABERG REGIONAL $230 157 $225 188 4660 ABINGTON $250 9 N.A. 3 4670 ABBOTSFORD $230 147 $225 182 RENTAL MARKET - 3 BED TOWNHOUSES BUNDABERG REGIONAL $290 9 $280 18 4670 ABBOTSFORD $290 9 $285 16 NORTH BURNETT (LGA) S MARKET - UNITS & TOWNHOUSES BUNDABERG (LGA) ~ 43 $260,000-5.5% $260,000 2.0% 4.0% AVENELL HEIGHTS 8 N/A N/A $235,000-7.8% -2.0% BARGARA 9 N/A N/A $310,000-14.5% -4.2% S MARKET - VACANT LAND BUNDABERG (LGA) 34 $150,000 4.2% $144,000 0.0% 4.3% BUNDABERG (LGA) ^ 7 N/A N/A $148,500 2.6% 10.0% BRANYAN 2 N/A N/A $145,000 6.6% 6.6% 166 141 BUNDABERG HOUSE S (p) 42 <$350k $350K+ $500K+ 43 7 13 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) 19 19 32 13 15 4 2 0 0 0 2 1 1 <$250k $250K+ $350K+ <$250k $250K+ $350K+ $500K+ 26 QUEENSLAND MARKET MONITOR

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. 57 41 GLADSTONE HOUSE S (p) 45 34 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. 3 10 <$350k $350K+ $500K+ 11 10 GLADSTONE UNIT S (p) 4 2 2 <$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. 0 3 8 1 0 13 1 0 DECEMBER QUARTER 2015 27

REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - VACANT LAND OF S OF S GLADSTONE (LGA) ~ 90 $359,500 3.2% $365,000-4.5% -5.2% GLADSTONE (LGA) ^ ~ 21 $500,000 N/A $452,500-1.6% -4.7% AGNES WATER ^ 5 N/A N/A $325,000-8.5% -11.8% BOYNE ISLAND 4 N/A N/A $382,500-10.4% -2.4% CALLIOPE 9 N/A N/A $347,000-12.0% -1.4% CLINTON 15 $340,000 0.7% $348,000-2.5% -6.7% GLEN EDEN 5 N/A N/A $362,000-13.8% -6.4% KIN KORA 5 N/A N/A $329,500-5.9% -8.9% KIRKWOOD 3 N/A N/A $427,000-4.5% -9.8% NEW AUCKLAND 9 N/A N/A $400,000 5.3% 1.1% SOUTH GLADSTONE 5 N/A N/A $327,500-4.4% -3.5% TANNUM SANDS ~ 8 N/A N/A $430,000-7.5% 5.7% TELINA 7 N/A N/A $413,000 6.6% -11.9% WEST GLADSTONE ~ 9 N/A N/A $267,500-21.9% -2.1% BANANA (LGA) 8 N/A N/A $260,000-2.4% -3.7% BILOELA 4 N/A N/A $285,000-7.3% 8.7% S MARKET - UNITS & TOWNHOUSES GLADSTONE (LGA) ~ 15 N/A N/A $253,000-23.3% -30.7% GLADSTONE (LGA) ~ * 11 N/A N/A $185,000-11.1% 0.0% KIRKWOOD ~ 3 N/A N/A $192,000-14.7% 1.3% RENTAL MARKET - 3 BED HOUSES POST DEC-14 DEC-13 GLADSTONE REGIONAL $260 231 $300 286 4677 AGNES WATER $300 20 $300 12 4680 GLADSTONE $260 206 $300 269 BANANA SHIRE $300 47 $300 54 4715 BILOELA $310 25 $320 33 4718 BAUHINIA $250 20 $250 16 RENTAL MARKET - 2 BED UNITS GLADSTONE REGIONAL $200 198 $250 199 4677 AGNES WATER $153 10 $350 7 4680 GLADSTONE $200 187 $250 192 BANANA SHIRE $250 13 $230 14 4715 BILOELA $270 9 $250 10 RENTAL MARKET - 3 BED TOWNHOUSES GLADSTONE REGIONAL $280 89 $360 103 4680 GLADSTONE $280 88 $360 103 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 12 18 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

REGIONAL MARKET UPDATES S MARKET - HOUSES OF S ROCKHAMPTON (LGA) ~ 183 $279,000-1.4% $287,250-4.3% -4.3% ROCKHAMPTON (LGA) ^ 14 N/A N/A $380,000-7.7% 5.6% ALLENSTOWN 10 $236,000 N/A $241,000-9.1% -8.6% BERSERKER ~ 16 $252,500 0.1% $220,000-6.8% -2.5% FRENCHVILLE 34 $305,000-6.7% $317,500-3.8% -1.0% GRACEMERE 17 $286,000-10.6% $312,000-4.4% -1.1% KAWANA 6 N/A N/A $316,000 1.8% -1.4% KOONGAL ~ 8 N/A N/A $232,500-14.7% -0.9% MOUNT MORGAN ~ 4 N/A N/A $115,000 24.3% -28.8% NORMAN GARDENS ~ 26 $332,000-14.7% $400,000 1.3% -9.7% PARK AVENUE 13 $239,000 6.2% $253,000-4.5% 1.9% THE RANGE ~ 19 $353,000 2.7% $365,000 4.0% -9.4% WANDAL 14 $302,000 6.3% $301,000 3.8% 3.6% RENTAL MARKET - 2 BED UNITS ROCKHAMPTON REGIONAL $220 183 $230 167 4700 ALLENSTOWN $235 48 $220 45 4701 BERSERKER $220 135 $230 122 LIVINGSTONE SHIRE $269 79 $270 69 4702 ALBERTA $200 13 $180 5 4703 ADELAIDE PARK $300 64 $280 59 CENTRAL HIGHLANDS REGIONAL $175 66 $190 60 4717 BLACKWATER $150 12 $175 6 4720 EMERALD $180 49 $195 50 RENTAL MARKET - 3 BED TOWNHOUSES ROCKHAMPTON REGIONAL $300 9 $345 9 4701 BERSERKER $260 5 $320 7 LIVINGSTONE SHIRE $350 5 $380 11 CENTRAL HIGHLANDS (LGA) ~ 19 N/A N/A $200,000-35.5% -43.3% BLACKWATER ~ 5 N/A N/A $135,000-35.7% -33.3% EMERALD ~ 14 $365,000 N/A $250,000-27.5% -8.7% LIVINGSTONE (LGA) 67 $367,500-1.6% $376,000 0.9% -1.7% LIVINGSTONE (LGA) ^ 28 $512,500 1.2% $480,000-4.0% 4.3% EMU PARK 5 N/A N/A $357,500 5.2% -1.4% LAMMERMOOR ~ 5 N/A N/A $410,000-12.8% 11.9% YEPPOON 20 $350,000-1.4% $376,000 10.6% -6.8% ZILZIE 6 N/A N/A $372,000-7.0% 5.3% S MARKET - UNITS & TOWNHOUSES ROCKHAMPTON (LGA) 16 N/A N/A $345,000-6.0% 23.2% ROCKHAMPTON CITY 1 N/A N/A $435,000-1.0% 11.8% ROCKHAMPTON & LIVINGTONE HOUSE S (p) 161 146 LIVINGSTONE (LGA) 29 $348,134 N/A $345,000 5.1% 1.5% YEPPOON 19 $351,268 N/A $351,268 23.3% -9.9% 57 56 S MARKET - VACANT LAND ROCKHAMPTON (LGA) 22 $167,500 5.7% $160,000-5.3% 18.5% GRACEMERE 7 N/A N/A $148,500 0.7% 13.4% NORMAN GARDENS 9 N/A N/A $170,000-6.9% -2.9% <$350k $350K+ $500K+ 26 24 LIVINGSTONE (LGA) 23 $172,000 3.0% $168,500-2.0% 5.3% HIDDEN VALLEY 3 N/A N/A $176,000 N/A N/A PARKHURST 4 N/A N/A $165,000-4.1% N/A ZILZIE 3 N/A N/A $159,000-5.9% -12.9% RENTAL MARKET - 3 BED HOUSES ROCKHAMPTON REGIONAL $290 238 $295 246 4700 ALLENSTOWN $275 81 $300 63 4701 BERSERKER $300 146 $300 164 4714 BAREE $230 10 $190 19 LIVINGSTONE SHIRE $300 166 $300 146 4702 ALBERTA $280 62 $300 65 4703 ADELAIDE PARK $330 81 $330 55 4710 EMU PARK $300 23 $280 25 CENTRAL HIGHLANDS REGIONAL $200 140 $250 140 4709 TIERI $100 6 N/A N/A 4717 BLACKWATER $200 93 $220 55 4720 EMERALD $250 32 $250 72 4723 CAPELLA $195 6 $225 7 ROCKHAMPTON & LIVINGTONE UNIT S (p) 16 12 9 8 7 7 7 5 <$250k $250K+ $350K+ $500K+ ROCKHAMPTON & LIVINGTONE LAND S (p) 43 44 3 1 0 0 <$250k $250K+ $350K+ DECEMBER QUARTER 2015 29

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. 89 98 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. 16 24 30 QUEENSLAND MARKET MONITOR

REGIONAL MARKET UPDATES S MARKET - HOUSES OF S MACKAY (LGA) 192 $341,750-3.7% $358,500-9.4% -11.5% MACKAY (LGA) ^ ~ 18 N/A N/A $445,000-3.6% -8.2% ANDERGROVE 17 $320,000-1.2% $322,500-15.1% -3.8% BEACONSFIELD ~ 9 N/A N/A $345,000-12.7% -3.7% BLACKS BEACH 10 $350,000 N/A $385,000-12.0% -8.4% BUCASIA 7 N/A N/A $350,000-14.2% -5.1% EAST MACKAY 9 N/A N/A $405,000 6.6% -9.5% EIMEO 10 $340,500 N/A $385,000-12.5% 1.3% GLENELLA 7 N/A N/A $495,000 8.2% -11.2% MARIAN 7 N/A N/A $420,000-9.7% 8.9% MOUNT PLEASANT 8 N/A N/A $385,000-6.1% -2.4% NORTH MACKAY 10 $202,500 N/A $276,000-13.2% -11.0% OORALEA 8 N/A N/A $415,000-10.3% -7.5% RURAL VIEW 16 $347,500 N/A $395,000-14.1% -2.3% SARINA ~ 6 N/A N/A $249,000-19.0% 2.5% SLADE POINT 3 N/A N/A $325,000 1.6% -15.0% SOUTH MACKAY ~ 13 $250,000-10.7% $280,000-22.1% -2.6% WALKERSTON ~ 10 $325,000 N/A $370,250-13.9% -0.2% WEST MACKAY 14 $277,500-22.4% $336,500-6.5% -5.3% ISAAC (LGA) ~ 21 $140,000-24.3% $190,000-12.6% -55.8% MORANBAH ~ 12 $170,000 N/A $200,000-18.4% -46.7% WHITSUNDAY (LGA) ~ 42 $385,000 7.4% $380,000 0.0% 3.4% WHITSUNDAY (LGA) ^ 9 N/A N/A $450,000-6.3% -1.4% BOWEN ~ 9 N/A N/A $290,000-19.1% -1.8% CANNONVALE 16 $417,500-5.8% $425,000-4.5% 1.5% PROSERPINE 3 N/A N/A $235,000-14.6% -10.8% RENTAL MARKET - 3 BED HOUSES MACKAY REGIONAL $280 366 $320 377 4737 ARMSTRONG BEACH $280 29 $295 21 4740 ALEXANDRA $290 291 $330 307 4741 BALL BAY $250 5 $275 10 4750 BUCASIA $290 13 $320 14 4751 GREENMOUNT $280 15 $330 12 4753 DEVEREUX CREEK $270 7 $280 6 ISAAC REGIONAL $225 125 $250 133 4721 CLERMONT $250 10 $250 17 4744 MORANBAH $240 74 $260 81 4745 DYSART $150 25 $160 21 4746 GERMAN CREEK $240 13 $300 12 WHITSUNDEY REGIONAL $300 136 $320 145 4800 ANDROMACHE $300 35 $330 35 4802 AIRLIE BEACH $360 57 $370 58 4805 BINBEE $250 41 $260 37 RENTAL MARKET - 2 BED UNITS MACKAY REGIONAL $200 287 $245 311 4737 ARMSTRONG BEACH $175 6 $230 13 4740 ALEXANDRA $200 260 $250 275 4751 GREENMOUNT $210 14 $270 11 ISAAC REGIONAL $170 29 $200 30 4721 CLERMONT $165 5 N.A. 3 4744 MORANBAH $250 10 $300 12 4746 GERMAN CREEK $200 7 $225 5 WHITSUNDEY REGIONAL $270 144 $260 159 4800 ANDROMACHE $200 9 $220 15 4802 AIRLIE BEACH $285 108 $290 111 4805 BINBEE $211 22 $240 29 S MARKET - UNITS & TOWNHOUSES MACKAY (LGA) ~ 36 $280,000 12.0% $275,000-14.8% -13.4% MACKAY ~ t 10 $292,500 N/A $345,000 10.2% 6.2% WHITSUNDAY (LGA) ~ 30 $357,500 25.0% $277,500 3.0% -12.6% AIRLIE BEACH 17 $520,000 N/A $382,000-2.1% -4.3% CANNONVALE ~ 10 $177,600 N/A $229,000-11.0% -33.6% RENTAL MARKET - 3 BED TOWNHOUSES MACKAY REGIONAL $290 53 $350 50 4740 ALEXANDRA $290 50 $350 48 ISAAC REGIONAL $300 18 $375 22 WHITSUNDEY REGIONAL $280 23 $360 26 4802 AIRLIE BEACH $300 13 $360 21 S MARKET - VACANT LAND MACKAY (LGA) ~ 15 N/A N/A $185,000-10.2% 0.5% RURAL VIEW ~ 2 N/A N/A $160,000-25.4% -23.1% WHITSUNDAY (LGA) 13 N/A N/A $174,500 8.9% 9.1% CANNONVALE 2 N/A N/A $171,000 4.9% 17.9% 15 MACKAY UNIT S (p) 22 MACKAY LAND S (p) 12 10 7 7 11 3 0 4 3 2 2 0 <$250k $250K+ $350K+ $500K+ <$250k $250K+ $350K+ DECEMBER QUARTER 2015 31

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. 48 222 41 222 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) 24 24 14 <$250k $250K+ $350K+ $500K+ $1M+ 22 Local agents reported that December and moving into January, there was a good level of sales. 9 14 50 66 2 0 32 QUEENSLAND MARKET MONITOR

REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - VACANT LAND OF S OF S TOWNSVILLE (LGA) 480 $350,000 2.1% $349,000-3.1% -6.9% TOWNSVILLE (LGA) ^ 34 $431,000 0.0% $435,000-0.7% -0.6% AITKENVALE 15 $320,000 N/A $320,000 4.9% -11.6% ALICE RIVER ^ 2 N/A N/A $508,500 5.9% -1.1% ANNANDALE 25 $452,000 9.1% $415,000-2.6% -9.4% BOHLE PLAINS 4 N/A N/A $415,000-2.9% -3.4% BURDELL 18 $427,500 8.2% $411,250-7.6% 8.8% BUSHLAND BEACH 20 $382,500-3.2% $391,000-6.4% 0.6% CONDON 15 $300,000-6.3% $288,500-0.5% -12.1% COSGROVE 1 N/A N/A $390,000 N/A N/A CRANBROOK 9 N/A N/A $285,000-1.7% -12.4% CURRAJONG 7 N/A N/A $292,000-2.3% -2.6% DEERAGUN 4 N/A N/A $302,500-2.8% -11.3% DOUGLAS 30 $399,000 0.1% $390,000-1.8% -7.7% GULLIVER 9 N/A N/A $271,000-10.3% 2.4% HEATLEY 11 $255,000 N/A $255,000-7.6% -10.7% HERMIT PARK 10 $325,000-12.2% $346,000-3.9% -7.7% HYDE PARK 2 N/A N/A $377,500 18.3% -13.3% IDALIA 17 $520,000 1.7% $522,500 2.0% 7.1% KELSO ~ 20 $255,000-3.7% $270,000-10.0% -8.4% KIRWAN 64 $337,500 0.8% $340,000-2.2% -7.3% MOUNT LOUISA 38 $365,000-10.4% $375,000 0.0% -7.4% MUNDINGBURRA 14 $370,000 N/A $349,000-8.2% 2.8% NORTH WARD ~ 7 N/A N/A $690,000 25.5% -12.0% OONOONBA 3 N/A N/A $287,500-6.5% -2.4% RAILWAY ESTATE 12 $372,500 30.2% $352,500 6.8% -5.7% RANGEWOOD ^ 1 N/A N/A $465,000-4.1% -3.0% RASMUSSEN 17 $395,000-2.5% $374,500 36.2% -6.8% SOUTH TOWNSVILLE 6 N/A N/A $350,000 1.5% -11.0% THURINGOWA CENTRAL 5 N/A N/A $302,500-1.6% -17.8% VINCENT 8 N/A N/A $247,500-7.6% -6.1% WEST END 9 N/A N/A $360,000 2.9% -5.8% WULGURU 10 $295,500 N/A $292,000-1.4% -9.8% TOWNSVILLE (LGA) 64 $157,000-1.9% $160,000-1.8% -2.4% TOWNSVILLE (LGA) ^ 9 N/A N/A $194,000-3.0% -9.3% BOHLE PLAINS - N/A N/A $167,500 4.7% -4.3% BURDELL 4 N/A N/A $157,500-1.3% -6.5% BUSHLAND BEACH 4 N/A N/A $154,500 3.0% 1.6% KELSO 1 N/A N/A $140,000 5.7% -6.6% MOUNT LOUISA 3 N/A N/A $176,500-4.6% 5.1% MOUNT LOW 17 $158,000 N/A $157,000-2.5% 0.0% OONOONBA - N/A N/A $157,000-1.9% -23.7% SHAW 5 N/A N/A $159,500 3.1% N/A RENTAL MARKET - 3 BED HOUSES TOWNSVILLE CITY $310 689 $320 707 4810 BELGIAN GARDENS $340 55 $350 65 4811 IDALIA $320 35 $320 25 4812 CURRAJONG $330 76 $330 71 4814 AITKENVALE $320 168 $330 208 4815 CONDON $290 119 $300 89 4816 ALLIGATOR CREEK $260 10 $300 15 4817 KIRWAN $320 99 $330 120 4818 DEERAGUN $295 116 $320 104 4819 MAGNETIC IS $350 11 $280 10 BURDEKIN SHIRE $260 43 $270 58 4806 ARKENDEITH $250 15 $260 12 4807 AIRVILLE $260 26 $275 36 CHARTERS TOWERS REGIONAL $250 41 $250 51 4820 RICHMOND HILL $250 41 $250 51 HINCHINBROOK SHIRE $250 27 $240 33 4850 ABERGOWRIE $250 27 $240 33 BURDEKIN (LGA) ~ 16 N/A N/A $181,000-11.7% -24.6% AYR ~ 10 $177,500-15.5% $202,500-16.9% -3.7% CHARTERS TOWERS (LGA) ~ 14 N/A N/A $172,500-7.3% -13.8% CHARTERS TOWERS CITY ~ 9 N/A N/A $152,500-13.4% -10.9% HINCHINBROOK (LGA) 13 N/A N/A $220,000-3.3% -12.9% INGHAM ~ 4 N/A N/A $210,000-12.5% 1.1% S MARKET - UNITS & TOWNHOUSES TOWNSVILLE (LGA) ~ 103 $290,000 5.1% $280,000-1.8% -15.0% BELGIAN GARDENS 1 N/A N/A $330,000 10.7% -8.3% DOUGLAS 3 N/A N/A $312,500 5.2% 0.2% NORTH WARD ~ 20 $290,000-17.1% $306,000 0.3% -14.4% PIMLICO 6 N/A N/A $240,000 5.5% -9.4% SOUTH TOWNSVILLE * 7 N/A N/A $468,500-9.7% -7.0% TOWNSVILLE CITY ~ 14 $422,500-15.1% $438,000 25.1% -1.6% WEST END ~ 7 N/A N/A $200,000-17.5% -31.9% 72 58 TOWNSVILLE LAND S (p) RENTAL MARKET - 2 BED UNITS TOWNSVILLE CITY $260 729 $280 735 4810 BELGIAN GARDENS $285 329 $290 341 4811 IDALIA $355 64 $310 75 4812 CURRAJONG $230 153 $250 133 4814 AITKENVALE $260 93 $280 101 4815 CONDON $230 22 $282 25 4817 KIRWAN $240 46 $260 39 4818 DEERAGUN $240 10 $239 9 4819 MAGNETIC IS $300 12 $220 12 BURDEKIN SHIRE $200 31 $210 42 4807 AIRVILLE $210 26 $220 33 CHARTERS TOWERS REGIONAL $170 7 $220 11 4820 RICHMOND HILL $170 7 $220 11 HINCHINBROOK SHIRE $200 15 $180 13 4850 ABERGOWRIE $200 15 $180 13 RENTAL MARKET - 3 BED TOWNHOUSES TOWNSVILLE CITY $300 38 $340 35 4810 BELGIAN GARDENS $300 8 N.A. 4 4812 CURRAJONG $300 8 $350 12 RENTAL MARKET - 2 BED TOWNHOUSES TOWNSVILLE CITY $275 55 $270 49 4810 BELGIAN GARDENS $290 20 $260 19 4812 CURRAJONG $250 19 $270 22 4814 AITKENVALE $285 8 $270 5 7 5 1 1 <$250k $250K+ $350K+ DECEMBER QUARTER 2015 33

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 2012. Local agents don t expect any upward pressure on pricing to take effect until mid-to-late 2016. 160 219 119 RENTAL MARKET 247 229 <$350k $350K+ $500K+ $1M+ 186 CAIRNS & DOUGLAS HOUSE S (p) 63 64 43 <$250k $250K+ $350K+ $500K+ $1M+ 56 59 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 $20. 114 101 CAIRNS & DOUGLAS UNIT S (p) CAIRNS & DOUGLAS LAND S (p) 11 12 <$250k $250K+ $350K+ $500K+ 34 5 34 2 19 4 6 6 0 6 The Cairns vacancy rate... is tight and reflects a very busy rental market. 34 QUEENSLAND MARKET MONITOR

REGIONAL MARKET UPDATES S MARKET - HOUSES S MARKET - UNITS & TOWNHOUSES (CONT D) OF S OF S CAIRNS (LGA) 449 $400,000-1.2% $400,000 3.9% 8.8% CAIRNS (LGA) ^ ~ 22 $643,500-1.0% $620,000 6.9% -7.5% BAYVIEW HEIGHTS 13 $370,000 2.8% $380,000-2.6% 9.4% BENTLEY PARK 18 $367,000 0.1% $347,500-1.4% 6.0% BRINSMEAD 24 $452,500-3.5% $445,000 4.7% 5.3% BUNGALOW 7 N/A N/A $344,500-1.6% 8.5% CARAVONICA 4 N/A N/A $375,000 6.2% 2.5% CLIFTON BEACH 13 $510,000 N/A $535,000 2.9% 4.0% EARLVILLE 13 $385,000 1.3% $361,250 2.3% 15.7% EDGE HILL 19 $480,000-2.0% $485,000 0.5% 1.6% EDMONTON 31 $345,000 3.1% $335,000-2.2% 4.7% FRESHWATER ~ 4 N/A N/A $502,500 5.8% -3.1% GOLDSBOROUGH ^ 5 N/A N/A $470,000 3.9% N/A GORDONVALE 16 $315,000 1.3% $311,000 3.7% 5.3% GORDONVALE ^ 2 N/A N/A $650,000 22.9% -8.8% HOLLOWAYS BEACH 6 N/A N/A $376,250-6.2% 15.6% KANIMBLA 9 N/A N/A $503,000 8.2% 2.9% KEWARRA BEACH ~ 23 $402,000-5.4% $428,000 0.7% 7.6% MANOORA 4 N/A N/A $310,000 14.8% -9.2% MANUNDA 12 $313,500 N/A $340,000 7.9% 3.3% MOOROOBOOL 21 $400,000 13.5% $385,000 4.1% 8.8% MOUNT SHERIDAN ~ 32 $385,000 1.3% $370,000 1.7% 5.4% PALM COVE ~ 9 N/A N/A $700,500 24.5% 19.7% PARRAMATTA PARK 2 N/A N/A $422,000 11.1% -2.6% REDLYNCH 34 $475,000 3.5% $460,000 2.2% 10.8% SMITHFIELD 29 $405,000-4.1% $415,000 2.5% 12.2% TRINITY BEACH ~ 14 $464,000-7.2% $480,000 2.1% 20.5% TRINITY PARK 22 $416,500-4.3% $425,000-1.2% 13.2% WESTCOURT 1 N/A N/A $350,000 0.7% 11.7% WHITE ROCK 11 $358,000 13.7% $330,000 11.5% 5.8% WHITFIELD 16 $467,500 0.0% $498,000-3.8% 15.0% WOREE 9 N/A N/A $360,000 8.6% 0.5% CASSOWARY COAST (LGA) 52 $250,000 10.5% $242,500 1.0% -9.3% CASSOWARY COAST (LGA) ^ 22 $330,000 N/A $360,000 14.3% 5.1% DOUGLAS (LGA) ~ 19 N/A N/A $430,000 7.8% 11.3% PORT DOUGLAS 7 N/A N/A $530,000 2.4% 3.5% MAREEBA (LGA) 27 $265,000 4.5% $266,250-3.9% -6.6% MAREEBA (LGA) ^ ~ 33 $420,500-11.5% $450,000 6.5% 9.8% KURANDA ^ 7 N/A N/A $460,000 7.0% 1.8% MAREEBA 23 $260,000 2.6% $267,500-4.5% -1.8% TABLELANDS (LGA) ~ 38 $281,000-9.9% $305,000 5.2% 3.4% TABLELANDS (LGA) ^ ~ 27 $370,000 N/A $405,000 1.3% 2.5% ATHERTON ~ 15 $325,000 2.2% $310,000 0.0% -0.6% TOLG A ^ 4 N/A N/A $410,000-4.7% -3.4% S MARKET - UNITS & TOWNHOUSES CAIRNS (LGA) 267 $225,000-2.2% $225,000 3.9% -14.3% BUNGALOW ~ 8 N/A N/A $158,000 7.9% -6.0% CAIRNS CITY ~ f 29 $388,000 4.9% $375,000 27.3% -11.2% CAIRNS NORTH ~ 36 $245,000 4.3% $240,000 8.1% -16.7% EARLVILLE ~ 3 N/A N/A $215,000 18.3% -18.6% EDGE HILL ~ 8 N/A N/A $200,000 22.0% -9.1% EDMONTON ~ t - N/A N/A $183,097 26.5% 4.9% FRESHWATER 5 N/A N/A $317,500 27.0% 15.5% MANOORA ~ 21 $195,000 13.0% $167,500 11.7% -9.5% MANUNDA ~ 15 $133,000-5.0% $141,000-14.6% -22.3% MOOROOBOOL ~ 10 $207,500 N/A $216,500 7.2% 0.7% PALM COVE ~ 23 $272,500-19.9% $270,000-2.0% -20.6% PARRAMATTA PARK ~ 5 N/A N/A $247,000-3.1% -4.1% TRINITY BEACH ~ 28 $240,000-21.3% $259,500 0.8% -7.5% WESTCOURT ~ 14 $222,000 N/A $225,000 1.1% -10.0% WOREE ~ 10 $118,750-22.0% $125,000-2.3% -20.9% YORKEYS KNOB 11 $211,000 N/A $215,000-1.8% -14.7% DOUGLAS (LGA) ~ 53 $205,365-1.7% $217,500-9.4% -7.4% PORT DOUGLAS ~ 43 $212,500 1.7% $215,000-10.4% -8.1% ATHERTON 1 N/A N/A $205,000 3.8% -29.9% S MARKET - VACANT LAND CAIRNS (LGA) ~ 61 $208,000 4.8% $205,000 4.9% 20.6% EDMONTON 10 $154,350 N/A $153,800 13.3% 15.6% GORDONVALE 3 N/A N/A $140,000 7.7% 15.1% KANIMBLA - N/A N/A $245,000 1.0% 14.0% KEWARRA BEACH 1 N/A N/A $248,000 N/A N/A REDLYNCH ~ * 6 N/A N/A $244,100 19.7% 39.5% SMITHFIELD ~ 9 N/A N/A $208,250 8.8% 15.7% TRINITY PARK * 8 N/A N/A $225,000 2.5% 26.2% CASSOWARY COAST (LGA) 13 N/A N/A $88,000-1.1% -34.8% MISSION BEACH 4 N/A N/A $114,000 17.5% N/A DOUGLAS (LGA) 12 N/A N/A $147,110 0.8% 5.1% MAREEBA (LGA) 7 N/A N/A $95,000 7.3% -3.1% MAREEBA 7 N/A N/A $95,000 6.2% -3.1% RENTAL MARKET - 3 BED HOUSES CAIRNS REGIONAL $365 390 $360 441 4865 GOLDSBOROUGH $330 12 $325 17 4868 BAYVIEW HEIGHTS $350 72 $350 91 4869 BENTLEY PARK $340 55 $335 66 4870 AEROGLEN $375 137 $370 159 4878 BARRON $390 47 $360 31 4879 BUCHAN POINT $395 63 $390 75 DOUGLAS SHIRE $350 29 $350 33 4873 BAILEY CREEK $340 26 $300 18 CASSOWARY COAST REGIONAL $285 84 $280 109 4849 CARDWELL $290 7 $280 10 4852 BINGIL BAY $320 13 $360 24 4854 BILYANA $290 11 $280 23 4858 COMOON LOOP $300 6 N.A. 4 4860 BAMBOO CREEK $280 41 $260 41 TABLELANDS REGIONAL $280 86 $290 88 4872 BARRINE $310 9 $260 6 4882 TOLG A $305 6 $350 5 4883 ATHERTON $290 31 $290 36 4884 LAKE BARRINE $300 9 $300 14 4885 BUTCHERS CREEK $280 17 $265 9 4887 HERBERTON $280 6 N.A. 3 4888 EVELYN $250 8 $260 13 MAREEBA SHIRE $300 45 $320 57 4880 ARRIGA $300 41 $310 45 DECEMBER QUARTER 2015 35

REGIONAL MARKET UPDATES RENTAL MARKET - 2 BED UNITS CAIRNS REGIONAL $290 840 $280 771 4868 BAYVIEW HEIGHTS $265 88 $250 72 4869 BENTLEY PARK $250 21 $260 17 4870 AEROGLEN $290 522 $270 482 4878 BARRON $290 92 $270 77 4879 BUCHAN POINT $310 112 $300 119 DOUGLAS SHIRE $290 52 $280 59 4873 BAILEY CREEK $215 8 $220 14 4877 CRAIGLIE $290 44 $280 45 CASSOWARY COAST REGIONAL $200 79 $200 95 4849 CARDWELL $210 12 $210 14 4852 BINGIL BAY $215 19 $230 30 4854 BILYANA $140 20 $120 20 4860 BAMBOO CREEK $190 27 $190 30 TABLELANDS REGIONAL $220 30 $230 31 4883 ATHERTON $230 21 $240 24 MAREEBA SHIRE $250 31 $230 22 4880 ARRIGA $250 30 $250 18 RENTAL MARKET - 3 BED TOWNHOUSES CAIRNS REGIONAL $350 21 $350 17 4870 AEROGLEN $340 8 $350 8 4879 BUCHAN POINT $345 6 N.A. 3 DOUGLAS SHIRE $400 17 $375 8 4877 CRAIGLIE $400 17 $375 8 RENTAL MARKET - 2 BED TOWNHOUSES CAIRNS REGIONAL $260 95 $260 84 4868 BAYVIEW HEIGHTS $240 10 $270 5 4869 BENTLEY PARK $220 10 N.A. 3 4870 AEROGLEN $265 50 $265 47 4878 BARRON $270 17 $260 21 4879 BUCHAN POINT $275 8 $290 8 DOUGLAS SHIRE $330 24 $300 24 4877 CRAIGLIE $330 24 $300 22 OTHER REGIONAL S MARKET - HOUSES OF S S MARKET - VACANT LAND SOUTH-WEST MARANOA (LGA) 12 N/A N/A $260,000-8.8% -6.8% ROMA 10 $260,000 7.7% $275,000-11.0% 7.3% CHARLEVILLE ~ 3 N/A N/A $119,000 0.9% -20.0% NORTH-WEST MOUNT ISA (LGA) ~ 14 N/A N/A $332,000-7.3% -5.1% COOKTOWN 1 N/A N/A $225,000-7.7% -17.8% TABLELANDS (LGA) 5 N/A N/A $103,000 2.0% -12.0% ATHERTON ~ * 3 N/A N/A $100,000 0.0% -19.7% RENTAL MARKET - 3 BED HOUSES SOUTH WEST BALONNE SHIRE $220 12 $240 17 4487 ST GEORGE $220 10 $240 17 MARANOA REGIONAL $250 53 $400 43 4455 ROMA $250 46 $400 38 MURWEH $210 18 $230 22 4470 CHARLEVILLE $230 17 $230 22 CENTRAL WEST LONGREACH $215 25 $270 19 4730 BRIXTON $215 24 $275 17 BLACKALL-TAMBO $150 5 N.A. 3 4472 BLACKALL $150 5 N.A. 2 NORTH WEST CLONCURRY SHIRE $300 19 $380 14 4824 CLONCURRY $300 19 $380 14 MOUNT ISA CITY $400 91 $450 94 4825 ALEXANDRIA $400 91 $450 94 FAR NORTH COOK SHIRE $270 23 $300 25 4871 ALMADEN $250 15 $260 16 4895 BLOOMFIELD $270 8 $330 9 RENTAL MARKET - 2 BED UNITS SOUTH WEST BALONNE SHIRE $180 7 N.A. 2 4487 ST GEORGE $180 6 N.A. 2 MARANOA REGIONAL $185 26 $280 23 4455 ROMA $200 24 $280 21 CENTRAL WEST NORTH WEST CLONCURRY SHIRE $280 5 N.A. 4 4824 CLONCURRY $280 5 N.A. 4 MOUNT ISA CITY $250 65 $300 65 4825 ALEXANDRIA $250 65 $300 65 FAR NORTH COOK SHIRE $200 13 $265 7 4871 ALMADEN $180 7 N/A N/A 4895 BLOOMFIELD $280 5 $265 7 36 QUEENSLAND MARKET MONITOR

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 44,337 7.1% 7.1% 68 66-5.5% -5.7% 1% 0.0% 2 0.1% BRISBANE 19,807 20,105 6.5% 6.6% 59 56-5.5% -5.5% -1% -0.1% 2-0.0% IPSWICH 4,623 4,404 7.5% 7.2% 84 81-6.3% -6.5% 5% 0.2% 2 0.2% LOGAN 6,751 6,409 7.6% 7.4% 74 75-5.3% -5.8% 5% 0.2% -2 0.5% MORETON BAY 9,832 9,550 7.5% 7.4% 72 72-5.2% -5.4% 3% 0.2% 0 0.2% REDLAND 3,966 3,869 7.9% 8.4% 74 70-5.6% -5.7% 3% -0.5% 5 0.1% GOLD COAST 10,335 9,962 8.2% 7.9% 71 72-5.4% -6.1% 4% 0.3% -1 0.6% SUNSHINE COAST SD 9,273 9,276 9.1% 9.5% 89 90-5.8% -5.9% -0% -0.4% -1 0.1% SUNSHINE COAST 7,262 7,273 8.8% 9.2% 85 86-5.5% -5.6% -0% -0.4% -1 0.1% NOOSA 2,011 2,003 10.4% 10.5% 104 107-6.7% -6.7% 0% -0.0% -3 0.0% FRASER COAST 3,752 3,550 10.0% 9.6% 112 109-7.8% -7.9% 6% 0.5% 4 0.1% CAIRNS 3,467 3,058 7.6% 6.8% 70 68-6.5% -5.7% 13% 0.7% 2-0.8% BUNDABERG 2,881 2,814 8.4% 8.4% 106 94-8.0% -7.9% 2% 0.1% 12-0.2% GLADSTONE 1,561 1,692 7.0% 7.7% 99 111-9.6% -9.9% -8% -0.7% -13 0.3% MACKAY 2,620 2,686 6.8% 7.0% 110 97-12.0% -9.7% -2% -0.2% 13-2.2% ROCKHAMPTON 2,181 2,237 7.7% 7.9% 104 94-9.4% -8.7% -3% -0.2% 10-0.7% TOOWOOMBA 4,168 4,202 8.3% 8.5% 67 63-5.6% -4.5% -1% -0.1% 4-1.1% TOWNSVILLE 4,225 4,255 6.9% 7.1% 96 90-8.9% -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 120 100 2014* 2015* 80 60 40 20 0 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 2015 37

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 13,280 7.4% 7.4% 78 73-5.1% -5.1% 6% 0.0% 5-0.0% BRISBANE 9,470 8,739 6.7% 6.5% 70 63-4.7% -4.7% 8% 0.2% 7-0.0% IPSWICH 466 459 9.1% 10.4% 110 110-7.1% -7.4% 2% -1.3% 0 0.2% LOGAN 1,489 1,454 10.4% 10.5% 92 98-5.9% -6.1% 2% -0.1% -6 0.2% MORETON BAY 2,004 2,002 8.9% 9.3% 102 99-5.7% -5.8% 0% -0.4% 3 0.0% REDLAND 665 626 9.1% 9.1% 93 83-5.4% -5.1% 6% 0.0% 10-0.3% GOLD COAST 11,629 10,900 9.5% 9.1% 91 92-5.9% -6.6% 7% 0.4% -1 0.6% SUNSHINE COAST SD 4,823 4,763 9.8% 9.7% 103 106-6.2% -6.5% 1% 0.1% -2 0.4% SUNSHINE COAST 3,755 3,673 9.7% 9.6% 99 103-6.0% -6.5% 2% 0.1% -4 0.5% NOOSA 1,068 1,090 10.0% 10.0% 119 114-6.9% -6.6% -2% -0.0% 5-0.3% FRASER COAST 611 538 12.9% 11.6% 123 104-6.9% -6.3% 14% 1.3% 19-0.6% CAIRNS 1,993 1,838 9.1% 8.3% 90 90-7.3% -7.3% 8% 0.8% 1-0.1% BUNDABERG 395 397 10.7% 11.0% 122 146-7.5% -8.8% -1% -0.3% -24 1.3% GLADSTONE 237 249 6.2% 6.6% 126 129-10.5% -13.1% -5% -0.5% -3 2.6% MACKAY 476 455 7.4% 7.2% 134 138-12.1% -14.0% 5% 0.2% -5 1.9% ROCKHAMPTON 189 159 7.9% 7.2% 118 107-6.2% -7.6% 19% 0.7% 10 1.4% TOOWOOMBA 563 564 7.5% 8.3% 87 75-4.5% -4.4% -0% -0.9% 12-0.2% TOWNSVILLE 1,212 1,210 9.7% 10.0% 111 125-8.9% -9.9% 0% -0.2% -14 0.9% 160 140 2014* 2015* Average Days On Market - UNITS *12mths to the end of November Source: REIQ, data supplied by CoreLogic RP Data 120 100 80 60 40 20 0 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

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 2.5-3.5% 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 49 009 661 287 Sales data obtained from Core Logic RP Data (www.corelogic.com.au) and median weekly rental data from the Residential Tenancies Authority (www.rta.qld.gov.au). 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) 2015. 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. The publisher and editor expressly disclaim any and all liability to the reader, whether a purchaser of this publication or not, in respect of anything and the consequences of anything done or omitted to be done by any such person in reliance, whether whole or partial, upon the whole or any part of the contents of this publication. The publisher, editor or contributors will enter into no correspondence in relation to this publication. The mention of the company, organisation, person, investment strategy or technique does not imply endorsement by the publisher. The publisher has not vetted advertisers and their products/services. The inclusion of advertisements or special advertising features in this publication does not imply endorsement of the advertiser/s or their products/services by the publisher. Articles are published in reliance upon the representations and warranties of the authors of the articles and without knowledge of any infringement of any third party s copyright. Copyright: This publication is protected under the Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express permission of the publisher. For permissions or reprints, contact the Corporate Affairs Division on phone 07 3249 7347 DECEMBER QUARTER 2015 39

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 Email 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 07 3249 6201 PHONE Visa Credit card number MasterCard Expiry Amount 07 3249 7301 EMAIL 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 WWW.REIQ.COM/PRIVACY ALTERNATIVELY, YOU MAY REQUEST A COPY BY: MAIL: PO BOX 1555, COORPAROO DC QLD 4151 EMAIL:PRIVACY@REIQ.COM.AU PHONE: (07) 3249 7347 I ACKNOWLEDGE THAT I HAVE READ AND UNDERSTOOD THE REIQ S PRIVACY POLICY *all prices include GST OFFICAL USE ONLY ID INV AUTH DATE

REGIONAL MARKET UPDATES DECEMBER QUARTER 2015 41