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Q2 2024 OUTLOOK TO Q2 2025 A Grade Sales price $/sqm Investment yield Value Supply Demand Yield Office $6,000 - $8,000 6.25% - 7.50% Industrial $3,000 - $4,500 6.00% - 7.50% Retail $8,000 - $10,000 6.25% - 7.50% Q2 2024 OUTLOOK TO Q2 2025 A Grade Rent price $/sqm Incentives Rent Supply Demand Incentive Office $470 - $550 20% - 28% Industrial $250 - $300 0% - 5% Retail $500 - $800 8% - 12% 3 Canberra Market Monitor
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CANBERRA AUSTRALIA Employment Feb ’24 (000) 264.4 14,269.6 Feb ’23 (000) 265.2 13,832.5 Change (%) -0.3 3.2 Unemployment Feb ’24 (000) 11.5 548.3 Feb ’23 (000) 8.2 513.3 Change (%) 41.2 6.8 Unemployment Rate Feb ’24 (%) 4.2 3.7 Feb’23 (%) 3.0 3.6 6 LJ Hooker Commercial
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Five years to 2026 2031 2036 2041 2046 9 Canberra Market Monitor
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PROJECT VALUE STAGE DETAILS EXPECTED COMPLETION Canberra Hospital Expansion $661m Construction New Critical Services Building at existing hospital in Woden Mid 2024 EPIC (Exhibition Park in Canberra) N/A Early Planning Refurbishment of Fitzroy Pavilion and construction of new large multipurpose exhibition hall. Mid 2024 CIT Woden Campus and a new CIT Yurauna at Bruce $325.1m Construction New campus to support up to 6,500 students at Woden campus. New transport interchange, to be built adjacent to the campus 2025 Light Rail Stage 2A $500m+ Contracts signed Continuing Alinga Street to Commonwealth Park 2027 Light Rail Stage 2B $500m+ Early planning Commonwealth Park to Woden 2033 Canberra Convention Centre Precinct $500m+ Early planning Continued planning for a new Convention Centre N/A Bruce Sports, Health & Education Precinct $500m+ Early planning New 30,000 seat rectangular stadium and precinct linking AIS, University of Canberra and Northside Hospital N/A 12 LJ Hooker Commercial
13 Canberra Market Monitor PROPERTY APPROX. AREA (SQM) DEVELOPER TIMING TYPE 7 London Circuit, CBD 8,500 ISPT H1 2024 Refurbishment 18 Marcus Clarke Street, CBD 13,500 ISPT H1 2024 Refurbishment 2 Faulding Street, Symonston 6,000 Evri Group H1 2024 New build 1 Taubman Street, Symonston 3,400 Nikias Diamond H2 2024 New build 9-11 Molonglo Drive, Airport 19,450 Capital Airport Group H1 2025 New build 23 National Circuit, Barton 4,600 Doma Group H1 2025 New build 19 National Circuit, CBD 18,100 Cromwell Group H2 2025 New build Blocks 10 & 11, Section 100, CBD 34,200 Morris Property Group H1 2026 New build 15 Sydney Avenue, Barton 37,000 Doma / Kenyon Investments H2 2026 New build
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