1. Presentation for Camberwell Business Club www.camberwellbusinessclub.com.au On Monday 14 November 2011 By Nick Pane, Director, O’Donoghues First National Real Estate www.odonoghuesfirstnational.com.au At Bistro Deco, 211 Camberwell Road, Hawthorn East Victoria 3123

2. What will we cover O’Donoghues - the team Housing market conditions Residential Property in Camberwell Commercial Property in Camberwell Economic Indicators Where is the market going in 2012? Rental Market

3. O’Donoghues – the team Directors – Simon O’Donoghue – Nick Pane – Sales Assistant – Sue Ellson Property Manager – Gabrielle Vertessy – Assistant Property Manager – Tania Pakoti Receptionist – Jane Hearn Administrator- Michele Gunther

4. Housing Market Conditions The market continues to be supported by strong economic fundamentals Strong population growth Low levels of unemployment Long term housing shortage will continue to underpin the market Long term confidence in property Clearance rate at 50-54% Days on Market – Average 55

5. Residential Property in Camberwell Land Value $1100 - $2500 per square metre Most expensive pockets - Tara Estate - Sunnyside Estate Most expensive sale – 12 Kintore St $4.7M Average rental – 1 bedroom $260 - $280pw – 2 bedroom $350pw Why is it so popular?

6. Commercial Property in Camberwell Burke Road – Blue Chip shopping strip 610-612 Burke Road $6.15M April 2010 Rents $1100 - $1300 p/sqm Capital Growth - 755 Burke Road sold 1999 $1.5M 2007 $3.8M 2009 $4.8M Development - Aerial - Cookson Street at Station

7. Economic Indicators Interest rates coming down Lower building starts Reduced unemployment Government policy - First Home Buyer’s Grant - Foreign Buyers

8. Where is the market going in 2012? Increased stock levels Subdued buyer activity Prices falling Investors will return - Self Managed Super Funds - Poor returns elsewhere Foreign Buyers - AUD

9. Rental Market Vacancy Rates 2004 8% 2006 6% 2008 1% 2009 1.2% – 1.4% 2010 1.6% - 1.7% 2011 1.8% - 2.0%

10. Thank you Further information www.odonoghuesfirstnational.com.au (website) www.odonoghuesfn.com (blog) Nick Pane BBus (Acctg) CEA (REIV) Helper Agent® 9882 3303 or 0418 344381 np@odonoghuesfn.com.au