MARKET REPORT Inner Brisbane Apartments

September Quarter 2016

25

9

23

86

20

26

22

10

18

5

1629

24

1727

1

4

3

2

38

44

63

64 62

3231495251

35

47

3458

37

41

42

56

394836

60

45

50

59

40

33

21

14

19 7

13

15

57

53

30

54

61

4355

6566

67

46

11

12

28

NORTH OFTHE RIVER

CBD

SOUTH OFTHE RIVER

CBD

1 The Midtown2 111 Quay Apartments3 Mary Lane4 Skytower

NORTH OF THE RIVER

5 The Baxter Apartments6 The 287 Landmark8 Mode9 Pier at Waterfront10 The Yards11 Proximity

12 Hercules13 Illumina14 Savoir Faire Residences15 38 High Street16 Utopia Space17 The Johnson18 Henley Towers19 White Dawn20 Newstead Central21 Aura22 Belise23 Gallery House24 The Winn25 The Hudson at The Mill26 Chester Apartments

27 Pure28 Pinnacle29 Night Edge

SOUTH OF THE RIVER

30 Empire31 The Duke32 Linton Apartments33 Olympia on Russell34 Brisbane Casino Towers35 Southpoint36 Light & Co37 Spice38 Affi nity39 Citro

40 The Mews41 Basse42 Ink43 Lincoln on the Park44 Linc45 Virtuoso46 Orion47 Atlas48 Allure Apartments49 The Establishent50 Habitat51 St Julien Residences52 Oxley & Stirling53 Princess Regent54 Oxy

55 Stone & Co56 Black Fold57 Boggo Road Stage 258 Brisbane 159 Skyneedle60 Soko Waterfront61 Cedar62 Corde Residences63 Lume64 The Marc65 Florence66 Stoneham67 Eastpark

Buyers continue to demand value and quality in the Brisbane apartment market. However, Place Advisory expects that Inner Brisbane’s apartment market will remain challenging for some larger scale projects.

OVERVIEW1

The Inner Brisbane apartment market has undergone a significant transformation over the past six months. Off the plan sales momentum has softened across the market influencing the results recorded in the September 2016 Quarter.

However, despite overall market sentiment, the Inner Brisbane apartment market still recorded a total of 542 unconditional transactions during the September 2016 quarter, in line with long term, ten year averages. This is a 17% increase from the June quarter’s sales results, but still a shade on September 2015 with a 61% softening through the past 12 months. The weighted average sale price recovered, increasing by 5% over the three month period to $617,297.

As Inner Brisbane adjusts to the next property cycle, Place Advisory expects these levels of transactions to remain consistent in the short term.

Place Advisory has summarised the sales results for the September 2016 quarter in the following points.

SUMMARY OF THE SEPTEMBER 2016 QUARTER

• Inner Brisbane’s off the plan apartment market recorded 542 unconditional transactions over the September 2016 quarter, totalling almost $335 million worth of apartment sales.

• There are currently 71 projects being sold off the plan within the precinct, six of which were released during the September quarter. These projects, which included Gallery House, Chester Apartments, The 28, Aura, The Mews and Oxy, added an additional 755 apartments to the market.

• A weighted average sale price of $617,297 was recorded, an increase of 5% from the June 2016 quarter. This is indicative of a slight change in product mix across the market, resulting in higher sale prices.

• The Mews, located in Woolloongabba, was the top performer for the quarter, recording 110 unconditional transactions.

• Other strong performers include Chester Apartments in Newstead and Gallery House in Hamilton, recording 67 and 55 unconditional transactions respectively.

• Two bedroom apartments accounted for the majority of unconditional transactions, representing 57% of sales for the period. This was followed by one bedroom apartments, accounting for 37% of transactions. Three bedroom apartment sales represented just 4% of transactions, whilst the remaining 2% of total sales were sub-penthouse and penthouse apartments.

• The majority of transactions that occurred during the September quarter were priced between $450,000 and $550,000, representing 27% of sales. This was closely followed by the $550,000 to $650,000 price bracket, accounting for 26% of transactions. A further 22% of total sales occurred within the $350,000 to $450,000 price bracket.

• Once again, the South of the River precinct saw the highest number of off the plan apartment sales, achieving 282 unconditional transactions. The North of the River precinct recorded a further 212 sales, whilst the Brisbane CBD saw just 48 unconditional apartment transactions occur.

Buyers continue to demand value and quality in the Brisbane apartment market. As apartment supply stabilises and demand for well appointed and well located apartments with a high level of amenity strengthens, we will see two very different apartment markets begin to materialise. Higher end owner occupier apartments will separate themselves from the wider market, and although sales will occur at a slower overall rate, this will create a different style of purchaser and end user, adding an extra dimension to the Brisbane market.

Place Advisory expects that Inner Brisbane’s apartment market will remain challenging for some larger scale projects. The market recalibration will create similar sales results as seen through the past six months. It must however be reiterated, that although these levels of sales are considerably lower than volumes recorded 12 months ago, they are in line with the long term ten year average.

For a more detailed review on Inner Brisbane’s future development pipeline, please turn to Section 5.

$550,000 - $650,000

$650,000 - $750,000

$900,000 - $1.2m

14%

26% 27%

22%

2%1%

8%

$750,000 - $900,000

SALES BYPRICE POINT

SEPTEMBER QTR2016

$350,000 to $450,000

$450,000 - $550,000

$1.2m+

2%14%

32%

52%TWO BED

THREE BED

PENTHOUSE/SUB-PENTHOUSE

ONE BEDREMAININGFOR SALE

SEPTEMBER QTR2016

Development Suburb Status Total Units Sold to DateAvailable for Sale

Sold September 2016 Qtr

The Midtown CBD Completed 144 126 18 0

111 Quay Apartments CBD Completed 78 74 4 6

Skytower CBD Under Construction 1,138 930 208 37

Mary Lane CBD Under Construction 184 91 93 5

CBD PRECINCT TOTALS 1,544 1,221 323 48

48unconditional transactions;

weighted average price

$612,500

Development Suburb Status Total Units Sold to DateAvailable for

SaleSold September

2016 Qtr

Pier at Waterfront Newstead Completed 99 95 4 3

Belise Bowen Hills Under Construction 228 219 9 0

The Hudson at The Mill Albion Under Construction 140 81 59 0

Pinnacle Apartments Hamilton Completed 164 164 0 2

Proximity Hamilton Under Construction 126 116 10 0

North Yards Bowen Hills Under Construction 208 207 1 0

South Yards Bowen Hills Under Construction 182 180 2 0

Newstead Central - Laguna Newstead Under Construction 189 168 21 1

Newstead Central - St Tropez Newstead Under Construction 231 226 5 0

Newstead Central - Capri Newstead Under Construction 207 168 39 9

Mode Newstead Under Construction 157 139 18 0

Hercules Hamilton Under Construction 228 226 2 0

Pure Spring Hill Under Construction 93 82 11 0

The Johnson Spring Hill Completed 193 183 10 1

Baxter St Apartments Fortitude Valley Under Construction 56 35 21 6

Henley Towers Fortitude Valley Awaiting Construction 301 209 92 38

Utopia Space Fortitude Valley Awaiting Construction 300 233 67 2

The Winn Fortitude Valley Under Construction 63 55 8 3

38 High St Toowong Under Construction 136 114 22 0

Savoir Faire Residences II Milton Under Construction 65 53 12 1

Landmark Toowong Under Construction 119 111 8 7

White Dawn Toowong Awaiting Construction 60 43 17 0

Illumina Toowong Under Construction 221 167 54 0

Gallery House - Stage 1 Hamilton Awaiting Construction 164 55 109 55

Chester Apartments Newstead Awaiting Construction 170 115 55 67

The 28 Fortitude Valley Awaiting Construction 139 9 130 9

Aura Milton Awaiting Construction 82 8 74 8

NORTH OF THE RIVER TOTALS 4,321 3,461 860 212

The Brisbane CBD recorded 48 unconditional transactions across four separate projects, totalling almost $30 million worth of apartment sales.

CBD2

Off the plan apartment sales in the Brisbane CBD doubled during the September 2016 quarter, recording 48 unconditional transactions. With no new projects being released throughout the quarter, the CBD precinct continues to sell down available stock.

A weighted average sale price of $612,500 was recorded for the quarter, a softening of 26% from the previous quarter. This represents an increase in the levels of cheaper investment stock that transacted during the period. Skytower recorded the highest levels of unconditional transactions across the CBD market during the September 2016 quarter, recording a total of 37 sales.

The majority of transactions that occurred within the CBD precinct were in one bedroom configurations, accounting for 71% of total sales. Two bedroom configurations represented 19% of transactions, whilst three bedroom configurations made up the remaining 10%.

Just 323 out of 1,544 off the plan apartments remain for sale across the Brisbane CBD’s four projects, which include The Midtown, 111 Quay Apartments, Skytower and Mary Lane.

The majority of remaining stock for sale over these four developments is made up of two bedroom apartments, accounting for 42%. This is followed by one and three bedroom configurations, each representing 27% of available stock. Sub-penthouses and penthouse apartments make up the remaining 4%.

The Brisbane CBD remains to be the most limited precinct in terms of new projects, buying opportunities and residential supply.

212 unconditional transactions; weighted average price $702,476

A high weighted average sale price of $702,476 was recorded for the quarter, reflecting 18.8% price growth over the previous quarter. This is the strongest weighted average price across Inner Brisbane’s off the plan apartment market, indicating the precinct saw higher end transactions occur throughout the period.

The North of the River precinct recorded a high number of two bedroom transactions, representing 58% of total sales for the quarter. This was followed by one bedroom apartments, accounting for 37% of total transactions. Three bedroom apartments represented 3% of transactions, whilst the remaining 2% were sub-penthouse and penthouse apartments.

The North of the River precinct saw four projects enter the sales cycle. These include Gallery House, Chester Apartments, The 28 and Aura.

Chester apartments, located in Newstead and Gallery House, located in Hamilton, recorded the highest number of transactions for the quarter, recording 67 and 55 unconditional sales respectively.

860 out of 4,321 apartments currently remain for sale across the precinct. Of these apartments which remain for sale, 51% are in two bedroom configurations, followed by one bedroom configurations, accounting for 36% of remaining stock. A further 11% are in three bedroom configurations, whilst the remaining 2% of stock are sub-penthouse and penthouse apartments.

Pinnacle Apartments have now sold out and will be removed from future reports.

Development Suburb Status Total Units Sold to DateAvailable for

SaleSold September

2016 Qtr

Pier at Waterfront Newstead Completed 99 95 4 3

Belise Bowen Hills Under Construction 228 219 9 0

The Hudson at The Mill Albion Under Construction 140 81 59 0

Pinnacle Apartments Hamilton Completed 164 164 0 2

Proximity Hamilton Under Construction 126 116 10 0

North Yards Bowen Hills Under Construction 208 207 1 0

South Yards Bowen Hills Under Construction 182 180 2 0

Newstead Central - Laguna Newstead Under Construction 189 168 21 1

Newstead Central - St Tropez Newstead Under Construction 231 226 5 0

Newstead Central - Capri Newstead Under Construction 207 168 39 9

Mode Newstead Under Construction 157 139 18 0

Hercules Hamilton Under Construction 228 226 2 0

Pure Spring Hill Under Construction 93 82 11 0

The Johnson Spring Hill Completed 193 183 10 1

Baxter St Apartments Fortitude Valley Under Construction 56 35 21 6

Henley Towers Fortitude Valley Awaiting Construction 301 209 92 38

Utopia Space Fortitude Valley Awaiting Construction 300 233 67 2

The Winn Fortitude Valley Under Construction 63 55 8 3

38 High St Toowong Under Construction 136 114 22 0

Savoir Faire Residences II Milton Under Construction 65 53 12 1

Landmark Toowong Under Construction 119 111 8 7

White Dawn Toowong Awaiting Construction 60 43 17 0

Illumina Toowong Under Construction 221 167 54 0

Gallery House - Stage 1 Hamilton Awaiting Construction 164 55 109 55

Chester Apartments Newstead Awaiting Construction 170 115 55 67

The 28 Fortitude Valley Awaiting Construction 139 9 130 9

Aura Milton Awaiting Construction 82 8 74 8

NORTH OF THE RIVER TOTALS 4,321 3,461 860 212

The North of the River off the plan apartment market, which spans 27 actively selling projects, recorded 212 unconditional apartment sales for the September 2016 quarter. This reflects a slight decline in comparison to the June quarter, which recorded 219 transactions.

NORTH OF THE RIVER3

Development Suburb Status Total Units Sold to DateAvailable for Sale

Sold September 2016 Qtr

Emporium Residences & Emporium Apartments South Brisbane Under Construction 221 214 7 0

Southpoint - The Apartments South Brisbane Under Construction 196 192 4 1

Basse South Brisbane Completed 68 52 16 1

Habitat West End Under Construction 150 149 1 2

Spice Apartments South Brisbane Completed 274 267 7 6

Citro West End Under Construction 106 65 41 0

Light & Co - Radiance West End Completed 139 119 20 4

Light & Co - Illuminate West End Completed 90 56 34 0

INK West End Under Construction 107 87 20 0

Olympia on Russell South Brisbane Under Construction 65 62 3 1

Brisbane Casino Towers South Brisbane Under Construction 378 371 7 1

Virtuoso West End Awaiting Construction 77 40 37 7

St Julien Residences South Brisbane Awaiting Construction 80 79 1 0

Black Fold West End Under Construction 40 38 2 0

Oxley and Stirling South Brisbane Under Construction 218 215 3 0

Brisbane 1 South Brisbane Awaiting Construction 578 261 317 0

Skyneedle Stage 1 South Brisbane Awaiting Construction 110 81 29 7

Empire Woolloongabba Completed 44 43 1 0

Princess Regent Woolloongabba Under Construction 78 30 48 9

Atlas South Brisbane Awaiting Construction 210 189 21 28

Soko Waterfront Apartments West End Under Construction 120 66 54 2

Allure Apartments West End Under Construction 53 33 20 1

Linc Kangaroo Point Completed 45 42 3 0

Affinity Kangaroo Point Completed 44 33 11 0

Orion Coorparoo Completed 186 186 0 9

Stone & Co Greenslopes Under Construction 53 53 0 1

The Establishment Kangaroo Point Under Construction 105 101 4 7

Cedar Greenslopes Under Construction 61 56 5 2

Corde Residences East Brisbane Under Construction 60 42 18 9

Lume Kangaroo Point Awaiting Construction 119 53 66 12

The Marc Kangaroo Point Under Construction 69 48 21 1

Boggo Road Stage 2 Dutton Park Awaiting Construction 79 49 30 0

Linton Apartments Kangaroo Point Under Construction 144 94 50 0

Lincoln on the Park Greenslopes Under Construction 93 39 54 3

The Duke Kangaroo Point Under Construction 125 70 55 15

Eastpark (Stage 1) Bulimba Under Construction 39 18 21 7

Stoneham Greenslopes Awaiting Construction 99 30 69 9

Florence Greenslopes Awaiting Construction 107 32 75 13

The Mews Woolloongabba Awaiting Construction 140 110 30 110

Oxy Greenslopes Awaiting Construction 60 14 46 14

SOUTH OF THE RIVER TOTALS 5,030 3,779 1,251 282

282 unconditional transactions were recorded across 40 projects. This reflects 28% growth in sales volumes over the previous three month period. A weighted average sale price of $554,078 was recorded for the September 2016 quarter, reflecting very little change from the June 2016 quarter previously.

The South of the River precinct saw a high number of two bedroom transactions, totalling 63% of the period’s sales. This was followed by one bedroom configurations, accounting for 32% of the quarter’s transactions, whilst the remaining 5% of transactions were three bedroom apartments.

September 2016 saw just two new projects enter the sales cycle in the South of the River precinct. These include The Mews, located in Woolloongabba and Oxy, located in Greenslopes.

The Mews, developed by Pellicano, was the top performing project for the September 2016 quarter, recording a total of 110 unconditional transactions.

As at 30 September 2016, 1,251 out of 5,030 remained for sale across the precinct. The majority of remaining apartments are in two bedroom configurations, representing 55% of stock. This is followed by one bedroom configurations, accounting for a further 31%. Three bedroom apartments account for just 13%, whilst sub-penthouse and penthouse configurations represent 1% of available apartment stock.

Two projects have now sold out and will be removed from future reports. These include Orion and Stone & Co.

The South of the River apartment market was the strongest selling precinct during the September 2016 quarter, representing 52% of Inner Brisbane’s off the plan apartment sales for the period.

SOUTH OF THE RIVER4

The following points summarise the approval changes for Inner Brisbane apartment sites over the September 2016 quarter.

Brisbane’s Inner Ring projects have been categorised by their various stages of planning. These stages include development application, development approval and deferred projects. The September 2016 quarter saw Inner Brisbane’s apartment pipeline increase by 5.9%, bringing the total fi gure to approximately 24,633 apartments across 111 projects. These projects are currently in the planning stages and the likelihood of all 111 projects making it into the market place at the same rate as seen in previous years is expected to soften.

The September 2016 quarter recorded similar results in all stages of the development pipeline as seen in the June 2016 quarter. With a large number of projects entering the sales cycle, the total number of approved apartments, not currently under construction or being actively sold, now totals approximately 41% of all apartments planned in Inner Brisbane’s development pipeline.

However, when compared to the corresponding period 12 months prior, the development pipeline has changed dramatically. Development Applications to the Brisbane City Council have declined by 15% over the past 12 month period, currently

accounting for just 26% of the total pipeline. Meanwhile, deferred projects have increased substantially. Over the past 12 month period, deferred projects have increased from 19% in the September 2015 quarter to 33% in the September 2016 quarter.

This increase in the number of deferred projects over the past 12 months can be attributed to various changing economic conditions. These include tighter lending policies for both developers and purchasers, higher construction prices, softening sales rates and restrictive policies for foreign investors.

The majority of apartment stock in Inner Brisbane’s development pipeline is in two bedroom confi gurations, accounting for 50% of total stock. This is closely followed by one bedroom confi gurations, representing 44% of stock. Three bedroom apartment confi gurations account for just 6% of total stock in Inner Brisbane’s apartment pipeline.

The South of the River precinct retains the majority of planned apartments across Inner Brisbane, totalling 10,291 potential apartments. These apartments remain centred predominately around South Brisbane, Woolloongabba and West End.

FUTURE SUPPLY PIPELINE - Stage of Development

FUTURE SUPPLY PIPELINE - Stock Type

%

Prepared by Place Advisory. Source BCI Construction.

41 3326

APPLICATION APPROVED DEFERRED

Place Advisory has analysed all residential development applications within the Inner Brisbane precinct with a development value over $10 million or which contain greater than 30 apartments.

SITE SALES AND FUTURE PIPELINE5

Inner Brisbane’s development pipeline has changed dramatically over the past 12 months

%

Prepared by Place Advisory. Source BCI Construction.

6

1 BED 2 BED 3 BED

44 50

By separating each apartment sale into two categories, new or old, we can determine how they have performed and which is the better investment. An apartment resale is defi ned as a sale that occurs after the initial sale of an apartment within a development.

Place Advisory has analysed Inner Brisbane’s new and resold apartments over the past ten years and we have summarised our fi ndings in the following points.

• As shown in the graph below, the most recent six month period ending June 2016 saw resold apartments record a median sale price of $445,000, whereas new apartments recorded a median sale price of $535,000.

• Over the past ten years ending June 2016, apartments that have been resold in Inner Brisbane have been, on average, 17% more affordable than new apartments.

• Price growth for resold apartments has outpaced that of new apartments, with resold apartments experiencing 4.0% price growth per annum over the past ten years, whereas new apartments have experienced 3.1% price growth per annum.

• Over the past fi ve years, with the exception of the most recent 12 month period, the ratio of old to new apartment sales in Inner Brisbane have been relatively similar. This is due to the record levels of off the plan apartment stock available.

• The most recent 12 month period ending June 2016 has seen new apartment sales decrease considerably as a result of numerous infl uential issues across the wider economic market.

New vs Old - Inner Brisbane’s Apartment Resales

Place Advisory’s annual report on Inner Brisbane’s apartment resales provides insight into how each market has performed over the past ten years.

INNER BRISBANE APARTMENTS: RESALES VS NEW TRANSACTIONS

$445,000

$535,000

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

2006 JUN

2006 DEC

2007 JUN

2007 DEC

2008 JUN

2008 DEC

2009 JUN

2009 DEC

2010 JUN

2010 DEC

2011 JUN

2011 DEC

2012 JUN

2012 DEC

2013 JUN

2013 DEC

2014 JUN

2014 DEC

2015 JUN

2015 DEC

2016 JUN

Num

ber

of S

ales

Med

ian

Sal

e P

rice

Period Prepared by Place Advisory. Source RP Data

Resale Number of Sales New Number of Sales

Resale Median Sale Price New Median Sale Price

SPECIAL REPORT6

Top Resale Performers - Past 12 Months

It is widely known that the Inner Brisbane property market has softened since the GFC. Average capital growth peaked at 10.5% during the six month period ending June 2008. Capital growth has since experienced several consecutive periods of decline, reaching a low point during the June 2016 six month period at 2.6%. Over the past ten years, average capital growth has been recorded at 5.6% per annum.

The table on the right summarises the top ten suburbs within Brisbane’s Inner Ring that have achieved the strongest capital growth for resales over the past 12 month period ending June 2016. Located on the Brisbane River and just 3.5 kilometres from the Brisbane CBD, New Farm has outperformed the wider market and has achieved the highest average capital growth of 5.6% over the past 12 months. Highgate Hill and Hawthorne also achieved high capital growth, averaging 5.0% and 4.9% price growth respectively.

Suburb Capital Growth

1. New Farm 5.6%

2. Highgate Hill 5.0%

3. Hawthorne 4.9%

4. Coorparoo 4.4%

5. Herston 4.2%

6. Auchenfl ower 4.0%

7. Paddington 3.9%

8. Greenslopes 3.7%

9. East Brisbane 3.6%

10. Newstead 3.6%

Prepared by Place Advisory. Source RP Data

TOP MID-RISE BUILDING FOR

CAPITAL GROWTHTHE PAVILION ON BROOKES

21.1%

TOP LOW-RISE BUILDING FOR

CAPITAL GROWTHGIGI LODGE

11.8%

TOP HIGH-RISE BUILDING FOR

CAPITAL GROWTHADMIRALTY QUAYS

8.2%

TOP BUILDING FOR

MEDIAN PRICECUTTERS LANDING

$2,315,000

TOP BUILDING FOR

HOLDING PERIODST LUCIA GARDENS

17.6 Years

TOP BUILDING FOR

CAPITAL GROWTHTHE PAVILION ON BROOKES

21.1%

TOP SUBURB FOR

MEDIAN PRICENEWSTEAD

$853,500

TOP SUBURB FOR

HOLDING PERIODST LUCIA

11 Years

TOP SUBURB FOR

CAPITAL GROWTHNEW FARM

5.6%

TOP TEN SUBURBS – PAST 12 MONTHS

An intimate knowledge of potential

buyers and the marketplace can

minimise risk and give your development

the edge over competitors.

At Place Projects, we understand the importance of ongoing

market research. In fact, we have our own full-time researchers,

so we’re able to retain and have easy access to all of the

information we gather. We know that by providing our clients

with accurate, up-to-date research, it ensures they can make

informed, fi nancially sound business decisions. It enables us to

identify opportunities for our clients, provide advice on choosing

the very best site and create the optimal package for each project.

We can then make qualifi ed recommendations on the product

mix, positioning, design, fi nishes and even price. Access to such

comprehensive buyer information also helps us pick early market

trends. We believe that our in-depth local market knowledge

can help you develop a product that will yield greater returns,

experience faster sales and achieve the best fi nancial result.

LACHLAN WALKER

As a Place Researcher, Lachlan’s role is to gather both internal and external market intelligence to gain a comprehensive understanding of residential projects and provide product specifi c advice to our clients.

This reduces the associated risk and provides the information necessary for them to make an informed decision.

He has worked closely with a number of developers, from site conception through to product delivery. Lachlan has also provided professional consultancy and advisory services to leading property clients, including Valad Property Group, Lend Lease, Australand, Stockland, Laing O’Rourke, Kenlynn Properties Australia, Anthony John Group, FKP, Leighton Properties and Devine.

Lachlan WalkerM: 0438 710 888E: lachlanwalker@eplace.com.au

BRUCE GODDARD

Bruce Goddard has a reputation as a prominent leader in the fi eld of Residential Project Marketing, which has led to numerous major appointments for some of Australia’s most prominent institutions and banks.

As licensee of Place Projects, Place now holds appointments for a number of Brisbane’s major residential projects, supplying advisory, sales and marketing services to various Public as well as smaller Private Companies. Often sought after by property developers through reputation, Bruce’s offi ces have been involved in the setting, marketing and selling of numerous residential projects. Bruce was also recognised by the REIQ as Queensland’s Agent of the Year in 1994. Bruce’s Project Marketing career spanning over 25 years has resulted in sales in excess of $1 Billion dollars.

Bruce GoddardM: 0418 185 209E: brucegoddard@eplace.com.au

SYD WALKER

After a successful career in marketing rural commodities, Syd moved into Real Estate and Project Marketing on the Sunshine Coast in 1992 before a move to Brisbane in 2010.

Over a 20 year period Syd has been involved in site acquisitions, project consultancy and the sale of a number of landmark residential and mixed use buildings. During this period his agency has won the prestigious REIQ Sunshine Coast Real Estate agency of the year, seen his staff take out awards for REIQ salesperson of the year and the Sunshine Coast business employee of the year. At Place Projects Syd is responsible for managing project sales teams, identifying new project opportunities and servicing various investment channels throughout Australia. Syd works closely with the management team in project marketing to meet developers required rates of sale and the overarching project objectives.

Syd WalkerM: 0418 710 888E: sydwalker@eplace.com.au

The Place Project Marketing Team is led by some of the most

experienced and high achieving sales consultants in the industry.

07 3107 9223 research@eplace.com.au

placeprojects.com.au

DISCLAIMER © PLACE ADVISORY PTY LTD 2016

All rights reserved. No part of this publication may be reproduced, stored in or introduced into a retrieval system, transmitted or copied in any form, or by any means (graphic, electronic or mechanical,

including photocopying or scanning), without prior written permission from Place Advisory Pty Ltd. As this publication involves data that has been supplied externally through surveys, Place Advisory accepts

no responsibility for the accuracy or completeness of any such material. The information is subject to change without notice and Place Advisory is under no obligation to update the information or correct any

assumptions or inaccuracies which may prove to be incorrect at a later date. This study has been prepared for the sole use of Place Advisory and is not to be relied upon by any third party for the purposes of

fi nancial investment without specifi c approval. 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. Enquiries should be addressed to the publishers.

SUBJECT TO COPYRIGHT NOT TO BE REPRODUCED

Publications are for subscribers use only. A subscription entitles employees of the same organisation to the use of its contents for internal reporting purposes only. Only employees of your organisation may

have access to the publication. Place Advisory publications must not be uploaded to an internet or intranet facility, nor should they be used for inter-library loans, without written authorisation to do so.

PLC

-PR

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