URBIS RESIDENTIAL MARKET REGIONAL

OVERVIEW

GOLD COAST NORTH

The Gold Coast is one of Australia’s fastest growing regions, with population growth of 2.3 per cent per annum forecast, compared to 1.6 per cent across Australia. In recent times there has been a notable shift within the residential market towards the Northern Corridor of Gold Coast City with its proximity to Logan and Brisbane. The much anticipated Coomera Town Centre will drive the market within the Northern Corridor, cementing the area as a major growth area of the Gold Coast LGA.

© URBIS.COM.AU2 URBIS MARKET REGIONAL OVERVIEW - GOLD COAST NORTH

GOLD COAST UNIVERSITY HOSPITAL

GOLD COAST PRIVATE UNIVERSITY HOSPITAL (Under Construction)

WESTFIELD HELENSVALE

THEME PARKS Dreamworld, Warner Bros Movie World,Wet & Wild

COOMERA RIVER

GRIFFITH UNIVERSITY

BOND UNIVERSITY

SOUTHERN CROSS UNIVERSITY

GOLD COAST INSTITUTE OF TAFE

1 6

4

3

2 7

8

9

5

Population estimates from the Queensland Government identified that the population within the Gold Coast North Catchment increased by 78,456 persons between 2001 and 2014, equating to approximately 6,035 additional persons per annum. It is expected this level of population growth will continue for the catchment, given the proximity to Brisbane and Gold Coast employment nodes, educational institutions and high transport accessibility.

POPULATION & DEMOGRAPHICS

GOLD COAST NORTH

GOLD COAST LGA

Detatched Dwellings 80.1% 60.4%

Average Household Size

2.9 persons

2.5 persons

Employed as Professionals 15.2% 17.4%

Median Age of Residents 33 37

Residents Aged 0-14 24.7% 18.5%

Residents Aged 30-55 37.4% 27.5%

Average Household

Income$1,732 $1,174

Owners Occupied Dwelling

64.2% 60.9%Occupied Dwelling Renting

34.9% 35.8%

HISTORICAL AND PROJECTED POPULATIONGold Coast North Catchment – 2001-2036

WHO LIVES IN GOLD COAST NORTH?

COMMUNITY & LIFESTYLE AMENITY EDUCATION

POPULATION GROWTH PER ANNUM(2014-2036)

4.0%

51,096

87,570

129,552

192,690

253,921

308,182

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

2001

20

02

2003

20

04

2005

20

06

2007

20

08

2009

20

10

2011

20

12

2013

20

14

2015

20

16

2017

20

18

2019

20

20

2021

20

22

2023

20

24

2025

20

26

2027

20

28

2029

20

30

2031

20

32

2033

20

34

2035

20

36

ESTI

MA

TED

AN

D P

ROJE

CTE

D P

OPU

LATI

ON

PERIOD (ANNUAL)

Prepared by Urbis; Source: ABS, OESR

Prepared by Urbis; Source: OESRNote: The Catchment includes the suburbs of Pacific Pines, Gaven, Coomera, Helensvale, Hope Island, Jacobs Well, Alberton, Ormeau, Yatala, Oxenford, Maudsland, Pimpama, Upper Coomera and Willow Vale.

750 16,500

284 5,600

2,000

17,000

239

5

© URBIS.COM.AUURBIS MARKET REGIONAL OVERVIEW - GOLD COAST NORTH 3

COMMONWEALTH GAMES $768 MILLION

In preparation for the 2018 Commonwealth Games, Gold Coast City, Queensland State Government and Federal Government will invest over $768 million in new infrastructure and upgrading of existing facilities between now and 2018.

GOLD COAST LIGHT RAIL $1.8 BILLION

Commencing construction in

January 2012, the Gold Coast Light Rail project was one of the largest public transport projects in Australia.

GOLD COAST UNIVERSITY HOSPITAL $1.76 BILLION

The Gold Coast University Hospital was completed in late 2013 at a cost of $1.76 billion. It provides a floor space of 170,000 square metres for clinical teaching and research facilities combined with specialised health services. Made up of seven main buildings, the facility provides a final capacity of 750 beds.

COOMERA TOWN CENTRE $500 MILLION

The Coomera Town Centre MasterPlan is intended to create a transit oriented activity centre which focuses on an active street life with a network of public streets and open space areas. The Town Centre itself will be the main retail, commercial and employment centre for the Pimpama-Coomera area, with large amounts of residential land expected to be developed around these core areas. The Coomera town centre will service a catchment of approximately 130,000 people by 2026, with population within the area forecast to reach 50,000.

10 11

The Gold Coast LGA has registered nearly 4,000 new construction jobs

between 2010 and 2015

INFRASTRUCTURE INVESTMENT

EMPLOYMENT

$9+ billion OF INFRASTRUCTURE PROJECTS PLANNED OR UNDER

CONSTRUCTION ACROSS THE GOLD COAST LGA

4

5

3

1 2

9

6

7 8

11

10

Prepared by Urbis; Source: NIEIRNote: The above figures are based on SLA Boundaries *Helensvale figures - sourced from ABS

GOLD COAST LGA

223,725 328,199

104,474 NEW JOBS

2011 2031 FORECAST

GOLD COAST REMAINDER

195,372 284,612

89,240 NEW JOBS

2011 2031 FORECAST

OXENFORD

3,311 5,190

1,879 NEW JOBS

2011 2031 FORECAST

HOPE ISLAND

3,712 5,234

1,522 NEW JOBS

2011 2031 FORECAST

HELENSVALE*

8,400 12,522

4,122 NEW JOBS

2011 2031 FORECAST

COOMERA-CEDAR

17,491 29,227

11,736 NEW JOBS

2011 2031 FORECAST

GOLD COAST NORTH

36,753 51,109

19,356 NEW JOBS

2011 2031 FORECAST

A

A

B

B

C

C

DD

RENTAL ANALYSISAccording to the RTA, houses in the Gold Coast North Catchment have registered median rental growth of 3.9 and 3.0 per cent per annum for three and four-bedroom houses in the ten year period to March 2015. This has resulted in median rent prices of $430 for three-bedroom houses, $513 for four-bedroom houses as at March 2015. The demand for rental properties has also increased over the previous 5 years, with an overall increase of 12 per cent of rental contracts for houses.

This publication is prepared on the instruction of Advisory and is not suitable for use other than by the party to whom it is addressed. As the publication involves projections and assumptions it can be affected by a number of unforeseen variables. The forecasts and assumptions are a prediction and whilst Urbis has made every effort to ensure that the forecasts and assumptions are based on reasonable information, they may be affected by assumptions that do not necessarily eventuate or by know, or unknown, risks and uncertainties. It should be noted that past performance is not necessarily a reliable indication of future performance. The information in the publication does not represent financial advice and should not be regarded as such. It has been prepared without taking into account your financial situation or investment objectives. You should consider the appropriateness of the information in regards to your current financial situation or needs. Urbis accepts no responsibility for the accuracy or completeness of any such material. The information is subject to change without notice and Urbis is under no obligation to update the information or correct any assumptions which may change over time. This study has been prepared for the sole use of Tessa Advisory and is not to be relied upon by any third party without specific approval from Urbis. This publication is subject to copyright. Except as permitted under the Copyright Act 1968, no part of it may, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) be reproduced, stored in a retrievals system or transmitted without prior written permission. Enquires should be addressed to the publishers. / EMR0136

URBIS MARKET REGIONAL OVERVIEW - GOLD COAST NORTH © URBIS.COM.AU

RESIDENTIAL & RENTAL MARKET REVIEW

The median sale price for houses within the Gold Coast North Catchment has risen 4.7 per

cent over the previous 12 months.

DEMAND VERSUS SUPPLYGold Coast North Catchment

AVERAGE REQUIRED

DWELLINGS PER ANNUM

2,9682,595

2016-2021

2021-2026

Prepared by Urbis; Source: ABS, OESR

CAPITAL GROWTH – HOUSESGold Coast North Catchment

4.7% 2.1%GROWTH PER

ANNUM

6.5%

1 YEAR 5 YEARS 15 YEARS

Prepared by Urbis; Source: CoreLogic

GOLD COAST NORTH HOUSE SALES CYCLEMarch 1985 – March 2015

Prepared by Urbis; Source: CoreLogicNote: The Catchment includes the suburbs of Pacific Pines, Gaven, Coomera, Helensvale, Hope Island, Jacobs Well, Alberton, Ormeau, Yatala, Oxenford, Maudsland, Pimpama, Upper Coomera and Willow Vale.

NUMBER OF HOUSE SALES MEDIAN HOUSE SALE PRICE

$450,000

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

0

200

400

600

800

1,000

1,200

1,400

1985

MA

R 19

86 M

AR

1987

MA

R 19

88 M

AR

1989

MA

R 19

90 M

AR

1991

MA

R 19

92 M

AR

1993

MA

R 19

94 M

AR

1995

MA

R 19

96 M

AR

1997

MA

R 19

98 M

AR

1999

MA

R 20

00 M

AR

2001

MA

R 20

02 M

AR

2003

MA

R 20

04 M

AR

2005

MA

R 20

06 M

AR

2007

MA

R 20

08 M

AR

2009

MA

R 20

10 M

AR

2011

MA

R 20

12 M

AR

2013

MA

R 20

14 M

AR

2015

MA

R

MED

IAN

SA

LE P

RIC

E

NU

MBE

R O

F SA

LES

HALF YEAR PERIOD

250 sqm $169,000

$495,0003,414 sqm$490.80

MINIMUM

MAXIMUM

AV. PRICE PER SQMAREA PRICE

ACTIVE GREENFIELD MARKET SUMMARYGold Coast North Catchment – H2 2014

Prepared by Urbis; Source: Primary research

RENTAL YIELD COMPARISON - HOUSESGold Coast North Catchment – March 2015

$365 - $540 3.6% - 5.7%MEDIAN ASKING PRICE INDICATIVE RENTAL

YIELD

Prepared by Urbis; Souce: Suburb Scorecard March 2015

ACTIVE HOUSE MARKET SUMMARYGold Coast North Catchment – March Quarter 2015

1,788 $445,000NUMBER OF

HOUSE SALESMEDIAN HOUSE

SALE PRICE

Prepared by Urbis; Souce: Suburb Scorecard March 2015

TOTAL VALUE OF NEW HOUSESGold Coast North Catchment - June 2012 - Jun 2015

Prepared by Urbis; Source: ABS

2

3

1.8%

3.9%

1.5%

3.0%

3

4

TOW

NH

OU

SEH

OU

SE

WEEKLY RENTAL GROWTH Gold Coast North Catchment – March 2012-March 2015

Prepared by Urbis; Source: RTA

GROWTH 47.2%