SEVILLE GROVE

Product Summary - Survey Strata Lots

The Location

Located just 23kms from the Perth CBD, Seville Grove is well situated with access to local transport, major
roads, schools, shopping, entertainment and sporting facilities:

• 2 km from Tonkin Highway
• 2 km from Challis Train Station on the Armadale Line (33 minutes to Perth CBD)
• 200m from Bus Stop
• 600m from local shopping centre with Coles Supermarket
• 800m from Armadale Aquatic Centre (3 swimming pools plus other facilities)
• 1.5km from Cecil Andrews Senior High School
• 1.3km from Challis Primary School
• 2km from Kelmscott Senior High School
• 2km from Champion Drive Medical Centre
• 3km from Champion Lakes Recreation Park
• 4km from Armadale Hospital (includes Emergency Department)
• 4km from Armadale Shopping City (Kmart & Target)

Legend:
A Project location
B Local Shopping Centre (Coles)
C Aquatic Centre
D Railway Station
E Hospital
F High School
G Primary School
H Champion Lakes Recreation Park
I Armadale Shopping City

The Perth Market

Recent official statistics indicate that rental vacancy rates during the September quarter fell from 3.4% to
2.8% with a 4% increase in median rent. This points to an imminent recovery in the affordable end of the
market, an assumption that is supported by the fact that sales in the $250 - $350,000 sector of the market
were strongly up compared to the June quarter.

The Median House Price for Seville Grove is $341,000 with 5 year average price growth of 6% per annum
and 10 years average price growth of 12.5% per annum, both of which are in line with the Perth
Metropolitan Area average over those periods.

Western Australia has had the nation's top economy, strongest population growth and best employment
figures for some time. For this reason, investors should strongly consider options in the WA investment
property market.

There has been a 20%-plus increase in residential sales during August. Nearly 5900 properties settled
during the month in what was the largest increase in activity in six years, according to figures from the
state's land authority Landgate.

There have also been bullish predictions for the Perth investment property market from BIS Shrapnel and
mortgage insurer, QBE, which forecasts that Perth will lead price rises in the capital cities over the next
three years. Certainly the Perth market is due: it has been in gradual decline since 2007 and has been the
worst-performing capital city market over the past 12 months.

Deloitte's quarterly Business Outlook highlights WA and Queensland as the superchargers of the Australian
economy. The report forecasts WA will increase its international exports to $165 billion by 2015-16, with
the unemployment rate to hold steady below 4% from 2012-13 onwards. WA's economy is now the
strongest in the nation, according to the latest CommSec State of the States report.

BIS Shrapnel managing director, Rob Mellor, forecasts 5 to 8% growth in the next 12 months, as housing
finance data have indicated early signs of a recovery. The company predicts Perth house prices will rise by
19% over the three years. Mr Mellor said it was likely Perth was in the midst of a rock-bottom real estate
market and housing finance data had indicated early signs of a recovery.

"There is some sense that the worst is over," Mr Mellor told The Sunday Times. "If you start getting more
first-home buyers into the market, that's a sign that activity is picking up." He said a shortage of housing
was imminent as more people moved to WA from interstate and overseas for a slice of the mining boom.
WA is expected to become the world's largest or second-largest producer of LNG by 2020. Premier Colin
Barnett says WA produces 21% of the world's iron ore and accounts for 37% of international trade in the
metal. It also accounts for 9% of the world's LNG and production is predicted to triple within 10 years from
the current level of 17 million tonnes a year.

"Given projects already committed, under production or likely to proceed, I am confident this state will be
producing something around 60 million tonnes of liquefied natural gas by 2020," Barnett says. "That will
put this state second only to the Gulf state of Qatar and in fact may even exceed Qatar."

WA also faces a skills shortage over the next three years as major infrastructure and resources projects
come on stream, according to the WA Chamber of Commerce and Industry. It says $220 billion worth of
WA projects are committed, placing pressure on State and Federal Governments to boost the workforce.

The expected continuation of population growth and a widening gap between housing demand and supply will underpin growth in the WA real estate market over the next three years.

Australian Property Monitors senior economist Andrew Wilson expected the market to "rebound strongly".

"There's a lot of pent-up demand in the Perth housing market and Perth is now gathering the sort of economic momentum from the WA resources boom that we expected to see mid-year," Dr Wilson said.

"WA is certainly leading Australia in terms of planned business investments I think we will start to see evidence in the first quarter of next year of some revival and then growth in the housing market. It's like turning a big ship around, it's just hard to turn that ship of consumer confidence around to get it going in the other direction. But once it's there, I think it'll be full-steam ahead, particularly for Perth."

The Product

There are 40 House & Land packages available with a mix of 2 and 3 bedroom designs.

Comparable product on the market at the moment is as follows:

The split of pricing for each lot is as follows:

House Designs

Typical House Designs are as follows:

3 Bedroom Design (Lots 2-8, 26-32)

2 Bedroom Design (Lots 10-14)

External

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