44 % Source: News services. Roy Morgan Single Source (12mths to June 2008) Of Fed. Gov. stimulus goes to regional 44% of kids in eligible income families 44% of age pension and carers 40% of first time home buyers Infrastructure spending will skew to major regional projects

45 % Source: Charlie Nelson’s foreseechange survey, November 2008 of Australians who say they are willing to spend live in regional 26% of regional consumers are willing to spend – up from 23% in April ‘08 18% of metro consumers are willing to spend – down from 24% in April ‘08

Lower housing cost is key factor in maintaining regional spending House price vs. income multiple Source: Matusik Property Insights, RPData & ATO June 2007