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FINAL REPORT

REVALUATION PROGRAM

DISTRICT 205 – LEICHHARDT

BASE DATE - 1 JULY 2015

Prepared by

SOUTHERN ALLIANCE VALUATION SERVICES PTY LTD For

VALUER GENERAL & DEPARTMENT OF LANDS

mailto:[email protected]

Leichhardt Final Report 2015 _________________________________________________________________________________________________________________

TABLE OF CONTENTS

EXECUTIVE SUMMARY ............................................................................................................. 3

1.0 GENERAL DESCRIPTION OF LOCAL GOVERNMENT AREA .................................... 6

2.0 NUMBER OF VALUATIONS IN THE ZONE CATEGORIES .......................................... 9

3.0 TOWN PLANNING & ZONING INSTRUMENTS. ........................................................... 12

4.0 IDENTIFIED SIGNIFICANT CHANGES IN USE OR DEVELOPMENTS OF PROPERTY AND OTHER FACTORS WHICH MAY AFFECT VALUATIONS. ....... 23

5.0 ADDED VALUE OF IMPROVEMENTS ............................................................................. 27

6.0 CHANGES TO COMPONENTS ILLUSTRATED BY CHANGES TO THE EXISTING VALUE RELATIONSHIPS. ................................................................................................. 37

7.0 MARKET COMMENTARY: ................................................................................................ 41

8.0 LOCAL GOVERNMENT VALUATION MARKET INFORMATION:ERROR! BOOKMARK NOT

9.0 MANAGEMENT OF COMPONENTS, HANDCRAFTING & VERIFICATION .......... 46

10.0 QUALITY ASSURANCE ..................................................................................................... 47

INCLUSION: Annexure ‘A’ - Leichhardt DA Register Annexure ‘B’ - Leichhardt Analysed Sales List Annexure ‘C’ - News Articles Burwood

_______________________________________________________________________________ Southern Alliance Valuation Services Pty Ltd – Leichhardt Final Report – BD 1 July 2015 of 62


EXECUTIVE SUMMARY

All properties in NSW are valued each year for rating and taxing purposes. All valuations are issued to the Office of State Venue for land tax purposes. Valuations are also issued to councils either each year or every 2nd, 3rd or 4th year. This report details the land valuation programme for Leichhardt Local Government Area (LGA). The majority of values are determined using mass valuation techniques. The Valuer-General’s mass valuation system is applied as follows: 1) Properties that react to market forces in a similar way are grouped together in a component, AND 2) The existing values of those properties in a component are updated by a market-based factor that is then used as a multiplier of the prior Land Value. The result is then checked by the Contract Valuer and individually verified values applied as appropriate. The use of mass valuation techniques does have limitations, particularly over a period of time. The continued application of factors may lead to a distortion in the relativity of values within a geographical area. Some types of properties are so few in number or likely to be so sensitive to localised changes that individually verified values is the only appropriate method. Although a mass valuation system is used to determine the majority of land values, the Valuation of Land Act requires that each land value be a market value. Each land value must be capable of being tested and supported on its own against all available market evidence. The total number of valuation entries (as at 31/10/2015) within Leichhardt LGA – 17,969. The sum of land values in dollars (at 31/10/15) for all property in Leichhardt LGA – $20,326,080,032 The last local government base date or year when the valuation notice was issued was for Base Date 1st July 2014. The total land value for Base Date 1st July 2014 was $16,344,412,171 which represents a percentage change of 24.36%. This follows a percentage change in total values from the previous Base Date values from Base Date 1/7/2013 that amounted to $14,119,510,001 of 15.75%. The change in values from 2014 to 2015 reflects a substantial increase in the movement of land values within the Leichhardt LGA particularly for residential property based on market sales evidence. Certain areas within Sydney’s metropolitan area have reported high increases in value (Inner-west, Eastern Suburbs and Lower North Shore) whilst others have reported more moderate increases or less volatile increases in value such as Western, North-western and South-western suburbs. The number of desirable properties including: water/city skyline view properties; the amount of underdeveloped sites; the increasing rental returns on residential investment property based on their accessibility to the city, transport options and other facilities and amenities; as well as the demographics of the area in general, the lower volume of properties offered on the market are all underlying reasons that have assisted the increase in land values over the past year.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ EXECUTIVE SUMMARY (Continued) Residential – Overall the residential market within the Leichhardt LGA, as at 1st July 2015, increased in line with other inner-city and most inner-west suburbs of Sydney within a range of 5 -10 kilometres of the CBD. On average, residential lands depending on locality, moved within a band of -19% to 30% between Base Date 1 July 2014 and 1 July 2015. From analysis, the localities which showed the greatest increases were Balmain/Balmain East and Rozelle west of Victoria Road, which showed increases of around 30%. In comparison Rozelle east of Victoria Road showed a lower increase of 24.8%. Single residential sites in Leichhardt and Annandale performed slightly better than single residential sites in Lilyfield and Birchgrove. Waterfront sites and commercial sites (zoned General Residential) showed the lowest increases of 21.5 to 21.6%. Overall, all residential components showed an increase in movement in comparison to the previous reporting year. Commercial / Retail – The commercial/retail property market within the Leichhardt LGA during the reporting year to 01/07/2015 moved within a band of 0 to 27.9% depending on locality. Market transactions investigated suggest that the movement in commercial/retail property was not uniform throughout all suburbs and areas, with some areas and property types performing better than others. Retail sites in Balmain, Rozelle East of Victoria Road and Rozelle West of Victoria road show little to no increase, whilst retail sites on Darling St, East Balmain showed a moderate increase of 8.5%. There were several site sales along Marion Street and Norton streets which reflect a steady increase of 6.9%. Retail sites along Parramatta showed a stronger increase of 17.7% as the strip continues to attract more varied tenants and owner occupiers. The market for commercial and mixed use sites, particularly those with residential potential, increased significantly over the reporting year and showed the greatest increase of 27.9%. There were (2) mixed use sales along Elliot St, Balmain (involving the same development site, i.e. Neutrometics); Norton St, Leichhardt and Darling St Balmain that substantiated the increases. Industrial – The industrial property market within the Leichhardt LGA during the reporting year to 01/07/2015 has remained relatively flat in line with other inner city/inner west industrial properties despite good access to the airport and Port Botany and connection to the main road network. The trend can be explained by the significant ongoing improvements that have been made to Sydney’s metropolitan transport infrastructure. Sydney is linked by the Sydney Orbital Network, which connects the M1, M2, M4 M5 and the M7. This has allowed direct access form Sydney’s port and airport to all major warehousing and industrial hubs in the South West, Western and North West precincts. The industrial property market is gradually moving away from the inner city/inner west industrial areas to the outer suburbs of Sydney and as a result the overall volume of industrial property in the Leichhardt LGA is reducing. Overall the Industrial market moved within a band of 3.9 to 24.8%. The strongest performing area was for residential sites zoned industrial with a 24.8% increase. Light industrial sites up to 1,000sqm showed a steady increase of 16.7%. Industrial property market in Leichhardt lacked enough sales evidence in some property groupings over the reporting year to be able to clearly define a decisive trend in value levels. Without the numbers of transactions required to determine a movement in Leichhardt we have had to rely on the whole gamut of industrial sales from similar adjoining industrial areas to assist in our research and rental analysis of existing stock. Housing affordability has had less impact on residential values within the Leichhardt LGA than has affected other more outlying areas of Sydney with the possible exception of some parts of Leichhardt. Suburbs with lower median values registered more substantial increases in comparison to the higher _______________________________________________________________________________ Southern Alliance Valuation Services Pty Ltd – Leichhardt Final Report – BD 1 July 2015 of 62

Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ EXECUTIVE SUMMARY (Continued) valued areas which may be partly explained by the demographics of purchasers in these locations, the catch up presented and value viewed in these properties and their sensitivity to interest rate changes. Unlike the stock-market, any impact upon the real estate market is dependent on consumer confidence, employment security and any regulatory/monetary policy changes. Evidence investigated suggests that rental markets during the year remain extremely tight with undersupply leading to unprecedented vacancy factors for residential property. Similarly, though the overall quantum of sales transactions increased marginally, due to increased first home buyer activity and increased activity by developers and investors alike, the demand for housing in the Leichhardt LGA remained high. Hence in the short to medium term value levels are expected to hold.

TABLE OF TYPICAL VALUES

RE

SID

EN

TIA

L

Location

Component

Code

Size

(sqm)

2014 LV

2015 LV

%

Movement

Leichhardt EAS 272m $672,000 $853,000 26.9%

Lilyfield EAN 175m $610,000 $762,000 24.9%

Annandale EKK 200m $766,000 $980,000 27.9%

Rozelle ELL 260m $767,000 $1,000,000 30.4%

Balmain ECC 297m $885,000 $1,150,000 29.9%

BU

SIN

ESS

Leichhardt CFF 209m $833,000 $879,000 5.5%

Rozelle CCE 186m $975,000 $975,000 0.0%

Balmain CAA 163m $1,520,000 $1,520,000 0.0%

IND

UST

RIA

L

Leichhardt DAA 2,782m $1,600,000 $1,700,000 6.3%

George Veris

Burwood Area Manager Southern Alliance Valuation Services Pty ltd



FINAL REPORT

DISTRICT (205) – LEICHHARDT

1.0 GENERAL DESCRIPTION OF LOCAL GOVERNMENT AREA

Leichhardt Local Government Area (LGA) is situated in the inner western suburbs of the Sydney metropolitan area. Leichhardt LGA otherwise known as Leichhardt City Council commences some three (3) kilometres west of Sydney CBD and stretches approximately five (5) kilometres from Birchgrove at its northern extremity to Leichhardt at its most southern point. The municipality of Leichhardt contains an administrative area of 10.5 square kilometres and is bounded by Ashfield LGA and Iron Cove River to its west, Marrickville LGA to its south, City of Sydney LGA and Rozelle, White, Mort and Snails Bays to its east and the Parramatta River to its north.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 1.0 GENERAL DESCRIPTION OF LOCAL GOVERNMENT AREA (continued)

Leichhardt is an established council area of Sydney with a population of approximately 49,000 occupants (Census 2006). The City of Leichhardt incorporates seven (7) suburbs or localities, including Annandale, Balmain, Balmain East, Birchgrove, Leichhardt, Lilyfield and Rozelle.

A large network of public roads offers the main form of transportation to and around the municipality of Leichhardt. The City West Link offers the main route for travel running through the centre of the municipality from Annandale/Lilyfield to the western boundary of Leichhardt in a generally east/west direction and is crossed by a number of other roads, the main ones being James Street/Perry Street and Balmain Road. Victoria Rd another main arterial road directs traffic from the city from the Anzac Bridge in the east to areas north of Rozelle via the Iron Cove Bridge. Balmain Road/Darling Street and also run through the centre of the municipality, however in a generally north/south direction and offers travel through the more northern suburbs within the District. Other roads which form an integral part of this network include Johnston Road which offers travel within Annandale in a north/south direction, Parramatta Rd forming the southern boundary, Marion St offers access through the suburbs of Leichhardt in an east/west direction and Lilyfield Road offers access through the suburb of Lilyfield in a generally east/west direction. Ferry services offer another form of travel to the municipality with wharves located at Balmain East (Darling Street), Balmain (Thames Street), Birchgrove (Yurulbin Point) and Balmain West (Elliot Street). Some of the significant local, Sydney and State features of the municipality include:

• University of Sydney (Sydney College of the Arts – Lilyfield); • Rozelle Hospital (Callan Park); • Norton St Shops; • Leichhardt Park and Aquatic Centre; White Bay/Glebe Island Container Terminal;

A summary of the major land uses follows:

RESIDENTIAL: The municipality of Leichhardt has a variety of housing types covering different eras from the mid 1800’s through to the present. However, large scale habitation of the area occurred in the late 1800’s and coincided generally with the expansion of main roads and maritime uses along the Balmain foreshore that resulted in nodes of development around the various main road intersections and ferry services. Development initially comprised late Colonial and Victorian dwellings followed consecutively in time by Federation, Californian Bungalows during the inter war period whilst development gradually fanned out and in filled from the shoreline and main roads. Later periods witnessed the development of multiple occupancy buildings in the first instance by low rise ‘Art Deco’ style flats and then followed later in the 1960 – 70’s by lower quality investment flats. Many of the better examples of Leichhardt’s built history have been preserved in heritage conservation precincts and protected from demolition by state and local legislation.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 1.0 GENERAL DESCRIPTION OF LOCAL GOVERNMENT AREA (continued) Density development in the form of medium density, low rise high density development and warehouse conversions are a more recent addition to the housing stock in the district and is limited in several areas such as public housing areas in Lilyfield and other areas of Leichhardt, Annandale and some urban renewal areas along the Balmain/Rozelle Peninsula foreshore. Street development in the majority of areas followed a mainly right angle grid pattern except where the terrain or landform, i.e. river, ridge, gully, or older main road precluded this ridged street design. Some areas such as Balmain, Birchgrove, Rozelle and Lilyfield which are generally steeper than the rest of the municipality have developed street patterns incorporating curved design with shorter, narrower and dead-end roads.

COMMERCIAL/RETAIL: There are several retail areas within the Leichhardt Local Government Area. Primarily they have developed along most of the main roads, the largest ones being Leichhardt on Norton St and Marion St, Rozelle on Darling St and Balmain also on Darling St and Annandale at the intersection of Johnston Rd and Booth St, and are in the form of strip retail centres whilst Parramatta Rd provides an almost continuous trip of retail development along the municipality’s entire southern boundary. More recently shopping centres have been developed on Marion St – ‘Market town’, Norton Plaza on Norton St whilst the ‘Italian Forum’ provides a specialised entertainment precinct incorporating restaurants and cafes in a piazza themed setting. Retail neighbourhood centres have also developed in the suburbs of Balmain East on Darling St, Catherine St in Leichhardt and in numerous other smaller localities scattered throughout the district. Parramatta Rd along parts of its route and Victoria Rd have matured as commercial areas and have recently included a number of mix uses along their courses which has established them as diverse and complex markets. Alongside traditions main road uses such as car yards, restaurants, antique stores and automotive industries, today likely uses also include commercial offices, bulky goods retailers, mix use residential developments and car showrooms.

INDUSTRIAL: The municipality of Leichardt has several small industrial pockets including: along Parramatta Rd, George and Upward St; Parramatta Rd, Pyrmont Bridge Rd and Booth St; Moore, John, White and Hill Streets; parts of Rozelle Marshalling Yard; Lilyfield Rd, Justin & Halloran St; Robert, Mullens and Parsons St; Terry and Wellington St; and numerous other smaller pockets and one off industrial sites scattered throughout the district. White Bay and Glebe Island remain active maritime ports whilst Rozelle Bay though no longer operating as a bulky handling facility retains some maritime and berthing activities.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 2.0 NUMBER OF VALUATIONS IN THE ZONE CATEGORIES

District 205 - Leichhardt LGA 2015

Register of Land Value Entry Totals at 31 Oct 15

(the totals below include the 25 Oct 2015 Supplementary Import)

Zone Category (all zones)

Residential 16188 90.09% Business 1042 5.80% Industrial 307 1.71% Open Space 177 0.99% Special Uses 151 0.84% Miscellaneous 104 0.58% Totals 17969 100.00%

Residential Category

Single Dwelling Sites 15597 96.35%

Other Residential 591 3.65%

Totals 16188 100.00%


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 2.0 NUMBER OF VALUATIONS IN THE ZONE CATEGORIES: (Continued)



2.0 NUMBER OF VALUATIONS IN THE ZONE CATEGORIES: (Continued)

District 205 - Leichhardt LGA 2015 Register of LV Entries per Component at 31 Oct 2015

Zone Component # Entries % Zone Component # Entries %

B1 CNC 51 0.28% R1 EHH 82 0.46%

B2 CAB 164 0.91% R1 EKK 2732 15.20

%

B2 CCE 69 0.38% R1 ELL 1147 6.38%

B2 CCW 80 0.45% R1 ELR 1153 6.42%

B2 CFF 159 0.88% R3 EDD 1 0.01%

B2 CMM 190 1.06% RE1 KAA 177 0.99%

B2 CNN 38 0.21% SP1 JAA 2 0.01%

B2 CRR 2 0.01% SP2 JUU 53 0.29%

B2 CVV 154 0.86% SP2 JXX 96 0.53%

B2 CXX 120 0.67% Z LAA 27 0.15%

B4 CZZ 1 0.01% Z LYY 20 0.11%

B7 CBP 14 0.08% Z PCC 57 0.32%

IN2 DAA 44 0.24% IN2 DLL 12 0.07% Totals No. of Valuations 17969 100.00%

IN2 DML 55 0.31% IN2 DMS 8 0.04% IN2 DSS 98 0.55% IN2 DXX 90 0.50% R1 EAN 2165 12.05% R1 EAS 4135 23.01% R1 ECB 850 4.73% R1 ECC 3131 17.42% R1 EEE 202 1.12% R1 EFF 590 3.28%

Totals No. of Components 36


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 3.0 TOWN PLANNING & ZONING INSTRUMENTS

Leichhardt Council’s primary planning instrument that controls and regulates development within the municipality at the time of this report is:- The Leichhardt Local Environment Plan (LEP) 2013 which commenced Monday 3 February 2014. Leichhardt LEP 2013 is a legal document that sets the direction for growth in the Local Government Area (LGA) by providing controls and guidelines for development. It determines what can be built, where it can be built and what activities can occur on the land. Nine maps are associated with the Leichhardt LEP 2013. These maps include:

• Acid Sulfate Soils Map – identifies the location and classes of acid sulfate soils • Additional Permitted Uses Map – identifies sites where additional uses can be carries out with

consent. • Foreshore Building Line Map – identifies land located within foreshore area • Floor Space Ratio Map – shows maximum floor space • Heritage Map - shows heritage items and conservation areas • Land Application Map – identifies Leichhardt LGA that is covered by LEP 2013 • Land Reservation Acquisition Map – shows the areas identified for possible acquisition by

Council or State Government agencies and the purpose of the acquisition • Lot Size Map – shows minimum subdivision lot size for Residential zoned land • Land Zoning Map – shows different land use zones such as Residential and Business

The objective of Leichhardt Local Environmental Plan 2013 is to conserve the particular identity of the Municipality. This identity is derived from its heritage, character, topography and residential amenity. Conserving this identity means caring for what is already there, making only those changes that need to be made, and making sure that those changes respect the character of their neighbourhood, their street and their individual property. Additionally, LLEP 2013 aims to encourage employment in certain business and industrial locations and protect employment lands in these zones whilst supporting the viability of identified centres. Some of the Principal Development Standards contained within the LEP 2013 include but are not limited to the following: Part 4 Principal development standards 4.1 Minimum subdivision of lot size

1) The objective of this clause are as follows: a) To ensure that lot sizes are able to accommodate development consistent with relevant

development controls, and b) To ensure that subdivision of land is capable of supporting a range of development types.

2) This clause applies to a subdivision of any land shown on the Lot Size Map that requires

development consent and that is carries out after the commencement of this Plan.



3.0 TOWN PLANNING & ZONING INSTRUMENTS: (Continued)

3) This clause applies to a subdivision of any land shown on the Lot Size Map that requires development consent and that is carries out after the commencement of this Plan.

4) The size of any lot resulting from a subdivision of land to which this clause applies is not to be less than the minimum size shown on the Lot Size Map in relation to that land.

5) This clause does not apply in relation to the subdivision of individual lots in a strata plan or community title scheme.

4.3 Height of buildings

1) The objectives of this clause are as follows: a) To establish the maximum height of buildings b) To ensure that buildings and public areas continue to receive satisfactory exposure to the

sky and sunlight c) To nominate heights that will provide an appropriate transition in built form and land use

intensity

2) The height of a building on any land is not to exceed the maximum height shown for the land on the Height of Buildings Map

4.3A Landscaped Area for residential development in Zone R1

1) The objectives of this clause are as follows: a) To provide landscaped areas that are suitable for substantial tree planting and for the use

and enjoyment of residents b) To maintain and encourage a landscaped corridor between adjoining properties, c) To ensure that development promotes the desired future character of the neighbourhood, d) To encourage ecologically sustainable development by maximising retention and

absorption of surface drainage water on site and minimising obstruction to the underground water flow of water.

2) This clause applies to development for the purpose of residential accommodation on land in Zone R1 General Residential

3) Development consent must not be granted to development to which this clause applies unless: a) The development includes landscaped area that is at least 1 metre wide and comprises at

least 10% of the site area and b) The site coverage does not exceed 60% of the site area

4.4 Floor Space Ratio

1) The objective of this clause is as follows: a) To ensure the residential accommodation:

i. is compatible with the desired future character of the area in relation to building bulk, form and scale


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 3.0 TOWN PLANNING & ZONING INSTRUMENTS: (Continued)

ii. provides a suitable balance between landscaped area and the build form

iii. minimises the impact of the bulk scale of buildings b) To ensure that non-residential development is compatible with the desired future character

of the area in relation to building bulk, form and scale.

2) The maximum floor space ratio for a building on any land is not to exceed the floor space ratio shown for the land on the Floor Space Ratio Map.

3) Despite subclause (2), the floor space ratio for development for a purpose other than residential accommodation on the land in Zone R1 General Residential is not to exceed 1:1.

4.4A Exception to Maximum Floor Space Ratio for Active Street Frontages

1) The objective of this clause is to provide floor space incentives for mixed use development that incorporates active street frontages at ground floor level in Zone B1 Neighbourhood Centre or Zone B2 Local Centre.

2) This clause applies to land identified as “Area 1” on the Floor Space Ratio Map.

3) Despite clause 4.4, the maximum floor space ratio for a building on land to which this clause applies is 1.5:1 if the consent authority is satisfied that:

a) the building will have an active street frontage b) the building comprises mixed use development, including residential accommodation c) the building is compatible with the desired future character of the area in relation to its

bulk, form, uses and scale.

4) Despite subclause (3), an active street frontage is not required for any part of a building that is used for any of the following:

a) entrances and lobbies (including as part of mixed use development) b) access for fire services, c) vehicular access.

5) In this clause, a building has an active street frontage if all floor space on the ground floor of

the building facing the street is used for a purpose other than residential accommodation.

4.6 Exceptions to Development Standards

1) The objectives of this clause are as follows: a) to provide an appropriate degree of flexibility in applying certain development

standards to particular development b) to achieve better outcomes for and from development by allowing flexibility in

particular circumstances.

2) Development consent may, subject to this clause, be granted for development even though the development would contravene a development standard imposed by this or any other environmental planning instrument. However, this clause does not apply to a development standard that is expressly excluded from the operation of this clause.



3.0 TOWN PLANNING & ZONING INSTRUMENTS: (Continued)

3) Development consent must not be granted for development that contravenes a development standard unless the consent authority has considered a written request from the applicant that seeks to justify the contravention of the development standard by demonstrating:

a) that compliance with the development standard is unreasonable or unnecessary in the circumstances of the case

b) that there are sufficient environmental planning grounds to justify contravening the development standard.

4) Development consent must not be granted for development that contravenes a development

standard unless:

a) the consent authority is satisfied that: i. the applicant’s written request has adequately addressed the matters required to

be demonstrated by subclause (3), ii. the proposed development will be in the public interest because it is consistent

with the objectives of the particular standard and the objectives for development within the zone in which the development is proposed to be carried out, and

b) the concurrence of the Director-General has been obtained.

5) In deciding whether to grant concurrence, the Director-General must consider:

a) whether contravention of the development standard raises any matter of significance for State or regional environmental planning

b) the public benefit of maintaining the development standard c) any other matters required to be taken into consideration by the Director-General

before granting concurrence.

6) Development consent must not be granted under this clause for a subdivision of land in Zone RU1 Primary Production, Zone RU2 Rural Landscape, Zone RU3 Forestry, Zone RU4 Primary Production Small Lots, Zone RU6 Transition, Zone R5 Large Lot Residential, Zone E2 Environmental Conservation, Zone E3 Environmental Management or Zone E4 Environmental Living if:

a) the subdivision will result in 2 or more lots of less than the minimum area specified

for such lots by a development standard b) the subdivision will result in at least one lot that is less than 90% of the minimum area

specified for such a lot by a development standard.



7) After determining a development application made pursuant to this clause, the consent

authority must keep a record of its assessment of the factors required to be addressed in the applicant’s written request referred to in subclause (3).

8) This clause does not allow development consent to be granted for development that would

contravene any of the following:

a) a development standard for complying development b) a development standard that arises, under the regulations under the Act, in connection

with a commitment set out in a BASIX certificate for a building to which State Environment Planning Policy (Building Sustainability Index: BASIX) 2004 applies or for the land on which such a building is situated

c) clause 5.4. 6.5 Limited Development on Foreshore Area

1) The objective of this clause is to ensure that development in the foreshore area will not adversely impact on natural foreshore processes or affect the significance and amenity of the area.

2) Development consent must not be granted for development on land in the foreshore area except for the following purposes:

a) the alteration or rebuilding of an existing building wholly or partly in the foreshore area

b) boat sheds, sea retaining walls, wharves, slipways, jetties, waterway access stairs, swimming pools, fences, cycle ways, walking trails, picnic facilities or other recreation facilities (outdoors).

3) Development consent must not be granted under subclause (2) unless the consent authority is

satisfied that:

a) the development will contribute to achieving the objectives for the zone in which the land is located,

b) the appearance of any proposed structure, from both the waterway and adjacent foreshore areas, will be compatible with the surrounding area,

c) the development will not cause environmental harm such as: i. pollution or siltation of the waterway, or

ii. an adverse effect on surrounding uses, marine habitat, wetland areas, fauna and flora habitats, or

iii. an adverse effect on drainage patterns, and d) opportunities to provide continuous public access along the foreshore and to the

waterway will not be compromised, and e) any historic, scientific, cultural, social, archaeological, architectural, natural or

aesthetic significance of the land on which the development is to be carried out and of surrounding land will be maintained, and



f) in the case of development for the alteration or rebuilding of an existing building

wholly or partly in the foreshore area, the alteration or rebuilding will not have an adverse impact on the amenity or aesthetic appearance of the foreshore, and

g) sea level rise or change of flooding patterns as a result of climate change has been considered.

4) In this clause and clause 6.6:

foreshore area means the land between the foreshore building line and the mean high water mark of the nearest natural water body shown on the Foreshore Building Line Map. foreshore building line means the line shown as the foreshore building line on the Foreshore Building Line Map.

6.9 Business and Office Premises in Zone IN2

1. The objective of this clause is to promote certain types of business and office premises in Zone IN2 Light Industrial.

2. This clause applies to land in Zone IN2 Light Industrial.

3. Development consent must not be granted to development for the purpose of business premises or office premises on land to which this clause applies unless the consent authority is satisfied that the development will be used for a creative purpose such as media, advertising, fine arts and craft, design, film and television, music, publishing, performing arts, cultural heritage institutions or other related purposes.

6.10 Use of Existing Buildings in Zone R1

1) The objective of this clause is to provide for the adaptive reuse of existing buildings for purposes other than residential accommodation.

2) This clause applies to land in Zone R1 General Residential.

3) Development consent must not be granted to development for the purposes of business premises, office premises, restaurants or cafes, shops or take away food and drink premises on land to which this clause applies unless:

a) the development is a building that was constructed (wholly or partly) for a purpose

other than residential accommodation and was erected before the commencement of this Plan

b) he consent authority is satisfied that: i. the development will not adversely affect the amenity of the surrounding area,

and ii. the development will retain the form and fabric of any architectural features of

the existing building, and



iii. the building is suitable for adaptive reuse, and iv. any modification of the footprint and facade of the building will be minimal,

and v. the gross floor area of any part of the building used for the purpose of a

restaurant or cafe or take away food and drink premises will be less than 80 square metres.

6.11 Adaptive Reuse of Existing Buildings in Zone R1

1) The objectives of this clause are as follows:

a) to provide for the adaptive reuse of existing buildings for residential accommodation, b) to retain buildings that contribute to the streetscape and character of Leichhardt, c) to provide satisfactory amenity for future residents of the area, d) to ensure that development does not adversely affect the quality or amenity of existing

buildings in the area.

2) This clause applies to land in Zone R1 General Residential.

3) Development consent must not be granted to the change of use to residential accommodation of a building on land to which this clause applies that was constructed before the commencement of this clause unless the consent authority is satisfied that: a) the development will not adversely affect the streetscape, character or amenity of the

surrounding area, and b) the development will retain the form, fabric and features of any architectural or historic

feature of the existing building, and c) any increase in the floor space ratio will be generally contained within the envelope of the

existing building.

Schedule 1 – Additional Permitted Uses

1. Use of Certain Land at Buchanan and Reynolds Streets, Balmain

1) This clause applies to land identified as “A” on the Additional Permitted Uses Map, being Lots 85–93 and 126–145, SP 65243.

2) Development for the purposes of commercial premises and restaurants or cafes is permitted with development consent.

2. Use of Certain Land at Gladstone Park, Darvall Street, Balmain

1) This clause applies to land identified as “F” on the Additional Permitted Uses Map,

being part of Lot 1, DP 724348. 2) Development for the purpose of a registered club is permitted with development

consent.



3. Use of Certain Land at Elliot Street, Balmain

1) This clause applies to land identified as “B” on the Additional Permitted Uses Map,

being Lot 1, DP 852863, Lot 26, DP 850832 and part of Lot E, DP 36161. 2) Development for the purpose of restaurants or cafes is permitted with development

consent.

4. Use of Certain Land at Rosebery Place, Balmain

1) This clause applies to land identified as “C” on the Additional Permitted Uses Map, being Lots 1–3, SP 60159, Lots 5–9, SP 62009 and Lots 1–20, SP 60158.

2) Development for the purposes of commercial premises and restaurants or cafes is permitted with development consent.

5. Use of Certain Land at 91 Canal Road, Leichhardt and 1 Canal Road, Lilyfield

1) This clause applies to land identified as “G” on the Additional Permitted Uses Map,

being Lot 103, DP 826775 and Lot 1, DP 1070825. 2) Development for any of the following purposes is permitted with development

consent: a) building identification signs, b) business identification signs, c) entertainment facilities, d) industrial retail outlets, e) information and education facilities, f) light industries, g) markets, h) restaurants or cafes, i) take away food and drink premises.

3) Development for the purpose of office premises is permitted with development consent if:

a) the gross floor area of the site used for that purpose does not exceed 20%, and b) the maximum gross floor area of any single premises used for office premises

does not exceed 300m2.

6. Use of Certain Land at 237 Marion Street, Leichhardt

1) This clause applies to land identified as “D” on the Additional Permitted Uses Map, being Lot 121, DP 1106716.

2) Development for the purpose of seniors housing is permitted with development consent.

7. Use of Certain Land At Terry Street, Rozelle

1) This clause applies to land identified as “E” on the Additional Permitted Uses Map,

being Lots 84 and 85, SP 72790 and Lot 1, SP 58291.



2) Development for the purposes of commercial premises and restaurants or cafes is

permitted with development consent. LEICHAHRDT DEVELOPMENT CONTROL PLAN The Leichhardt Development Control Plan (DCP) 2013 commenced Monday 3 February 2014. The DCP 2013 applies to virtually every property within the Local Government Area and outlines detailed planning and design guidelines for particular types of development. The plan supports the Leichhardt Local Environment Plan 2013. The purpose of providing these detailed guidelines is to explain Council’s expectations of proposed development and provide applicants with an understanding of how Council will approach the assessment of any proposals. The DCP outlines mandatory controls and sets minimum standards of compliance. The DCP 2013 involves a written document with illustrations, diagrams, photos and maps; it comprises the following chapters and appendices:

• Part A – Introduction • Part B – Connections • Part C – Places (Section 1, 2, 3 and 4) • Part D – Waste • Part E – Water • Part F – Food • Part G – Site Specific Controls • Appendix A – Glossary • Appendix B – Building typologies • Appendix C – Urban Framework Plans • Appendix D – Energy and Waste Templates • Appendix E – Water Guidelines • Appendix F – Late Night Trading Maps

Part A: Introduction This section explains the purpose of the development control plan, where it applies and how it can be used to assist in preparing a development application. Part B: Connections This section includes those objectives and controls which will assist in making decisions about Leichhardt’s physical environment and activities within it to support the wider social and economic needs and community aspirations of the municipality and includes provisions relating to social impact assessment. Part C (Section 1) This section applies to all types of development. This section includes a range of provisions relating to aspects such as parking, signage, alterations and additions, tree management and more.



Part C (Section 2) This section applies to all types of development. This section provides information on the urban character of the municipality. It includes suburb profile statements and distinctive neighbourhoods which contain specific objectives and controls. Part C (Section 3) This section includes objectives and controls in relation to residential development. Part C (Section 4) This section includes objectives and controls in relation to non-residential development. Part D: Energy This section includes objectives and controls relating to energy management and waste recovery. Part E: Water This section includes objectives and controls relating to sustainable water management. Part F: Food This section outlines ways in which food production can be enhanced in the municipality in support of sustainability and health and well-being objectives. Part G: Site Specific Controls This section contains objectives and controls in relation to various sites within the municipality, including:

• Old Ampol land, Robert Street, Balmain • Jane Street, Balmain • Old Balmain Power Station • Wharf Road, Birchgrove • Anka Site - No. 118-124 Terry Street, Rozelle • 233 and 233A Johnston Street, Annandale

Appendix A: Glossary This section provides definitions of terms and phrases used in the DCP. Appendix B: Building Typologies This section provides information, controls and suggested design approaches in relation to a variety of building styles in the municipality. Appendix C: Urban Framework Plans This section provides three strategic framework maps of the municipality



Appendix D: Energy and Waste Templates This section provides templates for site waste minimisation and management plans, indicative bin sizes, garbage truck dimensions, waste and recycling storage areas and vehicle turning circle information. Appendix E: Water Guidelines This section provides information about the integrated water cycle plan, flood risk management reports, foreshore risk management reports, and maps of flood control lots /foreshore control lots in the municipality. Appendix F: Late Night Trading Maps This section contains maps illustrating areas of Late Night Trading in the municipality.

DCP Amendments George and Upward Streets, Leichhardt Development Control Plan (DCP) 2014 On 4 March 2014 the Department of Planning and Environment made Amendment No 1 to the Leichhardt LEP 2013. The amendment applies to the following properties - Kolotex Site (22 George Street, Leichhardt) and Labelcraft Site (30-40 George Street, Leichhardt).The amendment rezones the properties from Industrial (under Leichhardt LEP 2000) to two new zones - R3 Medium Density Residential (northern part of the site) and B4 Mixed Use Zone (central and southern part of the site). The amendment also includes a Building Heights Map.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 4.0 IDENTIFIED SIGNIFICANT CHANGES IN USE OR DEVELOPMENTS OF

PROPERTY AND OTHER FACTORS WHICH MAY AFFECT VALUATIONS Below are some of the major developments and planning projects which are currently most likely to have significant impacts in the Leichhardt Council area.

• Balmain Leagues – proposed development of Victoria Road. The Balmain Leagues club is deemed a major community issue because of the large scale development that has been proposed for this site which is situated on Victoria Road opposite Rozelle Primary School. Background to Balmain Leagues In 2010, the owner of the Balmain Leagues Club site, proposed a development for the site of retail floor space which included a structure of 5 and 11 storeys. The Joint Regional Planning Panel (JRPP) refused the application because of size, design and traffic impacts. The current owner and developer of the site, Rozelle Village Pty Ltd, then submitted a new proposal for a much larger development – two structures at 26 storeys and one at 32 storeys – which was not supported by the Department of Planning and likely determined by the State appointed Planning Assessment Commission (PAC). The new proposal had doubled floor space; tripled commercial space and added 4,259m2 of retail floor space. The club size has been decreased by 342m2 from the previous proposal. The applicant was asked to lodge revised documentation to address a range of height, size, urban design, traffic, parking and retail considerations. The applicant then submitted a revised proposal reducing the building to 24 storeys. In August 2014 a further Development Application was submitted. To date the matter is still ongoing.

• Callan Park Callan Park is considered a community issue as there has been long ongoing community consultation for this important site. On 19 July 2011 after 18 months of community consultation Leichhardt Council adopted a Master Plan for the site which managed to achieve an 87% approval rating from the local community. One of the unique features about the consultation process was the use of new web enabled technology and an interactive website called Callan Park Your Plan. The consultation process has been rigorous and thorough engaging large numbers of the local community.

• Uniting Care Project Properties on Norton, Marion and Wetherill Streets in Leichhardt UnitingCare owns properties in Norton, Marion and Wetherill Streets in Leichhardt. They have approached Council regarding opportunities to work with Council and the local community about the future use and development of these sites for a range of affordable housing purposes.



4.0 IDENTIFIED SIGNIFICANT CHANGES IN USE OR DEVELOPMENTS OF PROPERTY AND OTHER FACTORS WHICH MAY AFFECT VALUATIONS: (Continued)

• WestConnex

A motorway project to connect Parramatta with Sydney Airport and beyond.

The WestConnex is a 33km motorway proposed to travel from Parramatta along the M4/Parramatta Road corridor to Beverly Hills. It is proposed to connect Parramatta, Sydney Airport and Beverly Hills. The section of the WestConnex that passes through Leichhardt is a tunnel under Parramatta Road, from Hawthorne Canal to Camperdown. The WestConnex was first announced by the State Government in 2012 as part of the Infrastructure NSW report titled "First Things First". The total project is estimated to cost between $11 to $11.5 billion with $200 million allocated to "seed funding" for Urban Revitalisation along the corridor. The project has been divided into two separate projects:

o The WestConnex Motorway and o The Parramatta Road Urban Renewal Program

• White Bay Cruise Terminal Impacts

Since the terminal opened in 2011, Leichhardt Council has received numerous submissions from residents regarding the operation of the terminal in regards to noise, odour and air pollution. Council has forwarded all submissions from residents and organisations concerned about these issues to the NSW Department of Planning for breaches of conditions and the NSW Environmental Protection Authority regarding odour and air pollution.

There have been several significant Development Applications that have occurred over the past 12 month period to 1st July 2015. These include but are not limited to the following:

• DA approved June 2015 for 201 Darling St, Balmain for the partial demolition of existing

buildings and construction of mixed use development comprising 2 commercial/retail tenancies and 6 residential apartments over basement parking. The site sold July 2014 for $2,700,000.

• DA approved April 2015 for 65 Johnston St, Annandale for the alterations and additions to a

commercial building and change of use to a residential flat building comprising 7 dwellings with on-site parking. The site sold in May 2014 for $3,040,000.

• DA approved February 2014 for 322 Norton St, Leichhardt to Partial demolition of structures

and construction of a new mixed development comprising 2 commercial tenancies and 9 residential dwellings above basement car park. The site was sold in July 2015 for $2,400,000.

• DA approved July 2015 for 30-40 George St, Leichhardt for the construction of 2 buildings of

between 4 and 8 storey in height, comprising 123 residential units over 2 levels of basement car parking. The site sold in July 2015 for $9,000,000.



4.0 IDENTIFIED SIGNIFICANT CHANGES IN USE OR DEVELOPMENTS OF PROPERTY AND OTHER FACTORS WHICH MAY AFFECT VALUATIONS: (Continued)

• DA approved July 2015 for 22 George St, Leichhardt for the construction of 5 residential flat buildings comprising 5 commercial tenancies and 287 residential units over basement parking. The site sold for $47,100,000.

• DA approved June 2015 for 173 Norton St, Leichhardt to demolish and construct a mixed use

development comprising 1 retail tenancy and 15 dwellings over basement parking. The site sold in March 2014 for $2,500,000.

• DA approved February 2015 for 351-353 Parramatta Rd, Leichhardt for construction of a 3

level mixed use development comprising retail and 12 dwellings over basement parking.

• DA lodged April 2015 for 6 Montague St, Balmain for adaptive re-use, restoration work and additions to provide for a mixed use development comprising 3 commercial spaces with ancillary residential accommodation and 3 separate residences over basement parking with car stacker. The site was sold in June 2014 for $3,100,000.

• DA approved July 2015 for 625 Darling St, Rozelle to construct a mixed use development

comprising 2 retail tenancies and 3 residential units with double garage.

• DA lodged June 2015 for 64-66 Victoria Rd, Rozelle for alterations and additions, change of use to mixed use development comprising 2 commercial suites and 3 dwellings. The decision is currently pending. The site sold in July 2014 for $2,150,000.

• DA lodged July 2015 for 47-51 Norton St, Leichhardt to demolish existing structures and

construct 4 storey mixed use development comprising 2 ground floor commercial/retail tenancies and 15 residential dwellings over basement parking. The decision is currently pending. The site sold in September 2014 for $4,793,750.

• DA lodged July 2015 for 118-120 Marion St, Leichhardt to demolish existing structures and

construct a 3 storey mixed use development comprising 2 retail and 7 residential units. The decision is currently pending.

• DA lodged July 2015 for 387-389 Darling St, Balmain to demolish and construct a 5 storey

mixed use development comprising 2 commercial units and 19 residential dwellings over basement parking. The decision is currently pending.

• DA lodged July 2015 for 101 Johnston St, Annandale for alterations/additions to mixed use

development to comprise 1 commercial tenancy, 3 residential tenancies and on-site parking. The decision is currently pending.

• DA lodged August 2015 for 627-629 Darling St, Rozelle to construct a mixed use

development comprising ground floor commercial and 401 bed units above with associated parking. The decision is currently pending.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 4.0 IDENTIFIED SIGNIFICANT CHANGES IN USE OR DEVELOPMENTS OF PROPERTY AND OTHER FACTORS WHICH MAY AFFECT VALUATIONS: (Continued)

• DA lodged August 2015 for 252 Johnston St, Annandale to demolish existing aged care facility (Sister Dorethea Village), remediation and construction of 32 dwellings within a 3 storey building over basement parking. The decision is currently pending.

• DA lodged September 2015 for 435-437 Parramatta Rd, Leichhardt for alterations and

additions to existing commercial building to provide mixed use development with refurbished commercial unit and 5 residential units. The decision is currently pending.

Aircraft noise is a continuing factor within the Leichhardt Local Government Area however any affectation is reflected in the relevant market evidence. Air Services Australia produces quarterly Noise Information Reports for major urban areas. These reports include information and analysis on aircraft movements, noise monitoring and complaint issues and are available at the following web site www.airservicesaustralia.com.au The High Court decision Maurici v Deputy Commissioner of Land Tax requires that the valuation be made free of any influence of scarcity. In effect, the valuer is required to have regard to the whole market and not just the vacant land sales. In order to fulfil this requirement Southern Alliance Valuation Services Pty Ltd will have regard to all the sales evidence.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 5.0 ADDED VALUE OF IMPROVEMENTS RESIDENTIAL: In addition to vacant land sales, improved sales were used to assist in determining the market levels for land values and to negate any possibility of a scarcity factor. The Paired Sales analysis is not considered the most reliable valuation technique to use in Leichhardt and was used in conjunction with other methods such as the added value of the depreciated cost of improvements. This technique is preferred due to several reasons including the established nature of the area and the lack of adequate numbers of vacant land or site sales.

The table below details the results obtained from the Leichhardt valuation district. The schedule provided is general in nature and each analysed sale is assessed individually when determining the added value of improvements to capture specific features e.g. renovations, pools, landscaping, no. of levels, topography etc.

Property Type Condition Added value of Improvements from Paired Analysis

Fibrous Cement & Permalum Clad dwellings. 2 to 3 bedroom.

Fair to Good. Approx. 40 to 60 years in age of construction. $100,000 to $150,000

Brick dwellings. 2 to 3 bedroom.

Fair to Good. Approx. 60 to 100+ years in age of construction $150,000 to $250,000


Good. Renovated. Approx. 60 to 100+ years in age of construction $250,000 - $350,000


Fair to Good. Approx. 60 to 100+ years in age of construction $250,000 - $350,000


Good. Renovated. Approx. 60 to 100+ years in age of construction $350,000 - $500,000+


Fair to Good. Approx. 20 to 60 years in age of construction $125,000 - $225,000


Good. Renovated. Approx. 20 to 60 years in age of construction $225,000 - $325,000


Fair to Good. Approx. 20 to 60 years in age of construction $225,000 - $325,000


Good. Renovated. Approx. 20 to 60 years in age of construction $325,000 - $500,000


Modern construction. Architect designed. $500,000 - $850,000 +



5.0 ADDED VALUE OF IMPROVEMENTS: (Continued) BURWOOD CONTRACT Examples of Paired Analysis within Leichhardt LGA and adjoining districts:

Site value sale at 38 Auburn St, Hunters Hill. Sold 29/11/2014 for $1,380,000 (Analysed as $1,189,000). Dims: 18.29/15.24 x 44.15/43.54 Irreg. Area: 708.2m2

Paired with: 41 Bateman Rd, Gladesville. Sold 09/02/2015 for $1,615,000 Dims: 13.72 x 54.61/54.64m Area: 749.6m2 Freestanding 3 bedroom single storey brick and tile dwelling Art Deco dwelling, concrete side driveway and grassed rear yard. Situated in a two way residential side street. GBA 210m and garden shed of 15m. After allowing for size, location, date etc shows $504,000 ($2,400/m2) for this type of improvement and $28,000 for all other improvements. 23 Abigail St, Hunters Hill. Sold 16/08/2014 for $1,605,000 Dims: 12.22/20.14m x 38.1x37.57m Area: 607.9m2 Single storey freestanding 2 bedroom brick and tile Art Deco bungalow, with detached carport, concrete side driveway, grassed rear yard and garden shed. Situated in a quiet narrow two way residential side street. GBA 130m dwelling and carport/garden shed 30m, all appearing in solid but dated condition. After allowing for size, location, date etc shows $325,000 ($2,500/m2) for this type of improvement and $40,000 for all other site improvements.

Site Value sale at 22 Mount St, Hunters Hill. Sold 28/03/2015 for $1,632,000 (Analysed as $1,467,000). Dims: 5.82/51.41m x 62.97/83.49m Irreg. Area: 1,296m2

84 Blaxland Rd, Hunters Hill. Sold 11/03/2015 for $1,600,000 Dims: 25.0/24.5m x 50.4/53.6m Area: 1,213m2 Freestanding double storey brick and iron circa 1970’s dwelling, with under house garage, laundry/storage, entertainment verandah, established gardens. Situated in a quiet residential dead end street. GBA 200m dwelling and garage/laundry/storage 60m, all appearing to be in good condition. After allowing for size, location, date etc. shows $360,000 ($1,800/m2) for this type of improvement and $80,000 for all other improvements. \



5.0 ADDED VALUE OF IMPROVEMENTS: (Continued) 77 Bonnefin Rd, Hunters Hill. Sold 13/02/2015 for $ 1,900,000 Dims: 11.4/18.14m x 58.39/60.3m Area: 862.4m2

Free standing double storey brick and tile circa 1940’s dwelling, attached garage, established gardens with in-ground pool. Situated in a quiet narrow two way side residential side street. GBA 190m dwelling and garage of 30m, all appearing in well maintained condition. After allowing for size, location, date etc shows $342,000 ($1,800/m2) for this type of improvement and $75,000 for all other improvements. Site Value sale at 144 Queen St, Five Dock. Sold 13/04/2015 for $1,050,000 (Analysed as $836,000).

Dims: 15.24 x 29.87m Area: 455.3m2

Paired with: 22 Bayview Rd, Canada Bay. Sold 11/04/2015 for $1,200,000 Dims: 8.76/9.14 x 44.25/44.27m Area: 392m2 Freestanding single storey 3 bedroom brick and tile dwelling circa 1940’s with attached garage, workshop and covered patio. Almost regular shaped parcel of land situated on a wide residential side street. GBA 115m dwelling and garage/workshop of 50m all appearing in tidy but dated condition. After allowing for size, location, date etc shows $218,500 ($1,900/m2) for this type of improvement and $55,000 for all other improvements. 51 Wareemba St, Wareemba. Sold 08/11/2014 for $1,500,000 Dims: 12.5 x 34.39/34.09m Area: 423.7m Freestanding single storey 3 bedroom Californian bungalow carport, side driveway to detached garage, undercover patio and grassed rear yard. Almost regular shaped parcel of land situated on a quiet two way residential side street. GBA 155m dwelling and garage/carport of 45m all presenting in neat but dated condition. After allowing for size, location, date etc shows $341,000 ($2,200/m2) for this type of improvements and $42,000 for all other improvements.

Site Value sale at 86 Correys Ave, Concord. Sold 18/10/2014 for $1,335,000 (Analysed as $1,015,150). Dims: 12.6 x 42.67m Area: 537.64m2

Paired with: 27 Gloucester St, Concord. Sold 06/12/2014 for $1,481,000 Dims: 15.24 x 36.58m Area: 557.8m2 Single storey freestanding 3 bedroom brick and tile dwelling circa 1940’s, detached garage and grassed rear yard. Regular shaped parcel of land located on a quiet two way residential side street. GBA 120m dwelling and garage of 20m all presenting in solid but dated condition. After allowing for size, location, date etc shows $270,000 ($2,250/m2) for this type of improvement and $40,000 for all other improvements.



5.0 ADDED VALUE OF IMPROVEMENTS: (Continued) 14 Keppel Ave, Concord. Sold 08/11/2014 for $1,400,000 Dims: 15.24 x 38.1m Area: 580.64m2 Freestanding single storey 4 bedroom Federation dwelling, concrete side driveway and grassed rear yard. Regular shaped parcel of land situated on a quiet tree lined two way residential side street. GBA 135m dwelling presenting in good condition. After allowing for size, location, date etc shows $390,000 ($2,850/m2) for this type of improvement and $36,000 for all other improvements.

Site value sale at 1 Battersea St, Abbotsford. Sold 27/11/2014 for $1,400,000 (Analysed as $1,232,000). Dims: 11.28 x 30.18m Area: 335.1m2

Paired with: 88 Clements St Russell Lea. Sold 12/12/2014 for $1,660,000 Dims: 12.19 x 36.58m Area: 442.6m2 Freestanding single storey 3 bedroom brick and tile dwelling circa 1920’s, workshop/shed and grassed rear yard. Elevated regular shaped parcel of land situated on quiet two way residential side street. GBA 100m dwelling and workshop of 15m all appearing to be in solid but dated condition. After allowing for size, location, date etc show $2,300,000 ($2,300/m2) for this type of dwelling and $28,000 for all other improvements. 65 Walton Cres, Abbotsford. Sold 28/03/2015 for $1,790,000 Dims: 14.63/14.76 x 29.92/27.97m Area: 423.7m2 Freestanding single storey 3 bedroom dwelling circa 1940’s dwelling, under-house garage, rear entertainment deck and grassed rear yard. Almost regular shaped parcel of land situated on a quiet two way residential side street. GBA 120m dwelling and garage of 20m all appearing to be in well maintained condition. After allowing for size, location, date etc shows $215,000 ($2,150/m2) for this type of dwelling and $35,000 for all other improvements.

Site Value sale at 5 Stephen St, Balmain. Sold 23/05/2015 for $1,020,000 (Analysed $1,020,000). Dims: 8.23 x 1806m Area: 151.8m

Paired with:



5.0 ADDED VALUE OF IMPROVEMENTS (Continued) 21 Macquarie Tce, Balmain. Sold 23/05/2015 for $1,360,000 Dims: 6.155/6.19 x 27.275/28.32m Area: 169.2m2 Single storey freestanding 2 bedroom brick and G.I. Federation dwelling with paved rear courtyard, all presenting in good condition. Improvements represent a good utilisation of the site. Situated on a wide residential street with a central grass medium strip, located close to all amenities. GBA 95m dwelling and paved rear courtyard. After allowing for size, location, date etc shows $275,500 ($2,900/m2) for this type of improvement and $25,000 for all other improvements. 11 Claremont St, Balmain. Sold 20/11/2014 for $1,200,000 Dims: 6.1 x 24.38m Area: 148.72m2 Single storey freestanding 2 bedroom weatherboard and G.I. Victorian dwelling, courtyard, all presenting in solid but dated condition. Improvements represent a basic use of the site. Situated in a quiet two way residential side street, located close to amenities. GBA 80m dwelling, garage/shed of 20m and courtyard. After allowing for size, location, date etc shows $144,000 ($1,800/m2) for this type of improvement and $20,000 for all other improvements.

Site Value sale of 21 Bruce St, Rozelle. Sold 23/05/2015 for $1,456,000 (Analysed as $1,216,000) Dims: 10.6 x 19.2m Area: 193.1m2

Paired with: 16 Bruce St, Rozelle. Sold 21/04/2015 for $1,850,000 Dims: 11.13 x 19.51m Area: 217.15m2 Double storey freestanding architecturally designed 3 bedroom weatherboard/sandstone dwelling, landscaped courtyard and entertainment deck, all presenting in good condition. Improvements represent a good utilisation of the site. Situated in quiet residential one-way street, located close to all amenities. GBA 160m dwelling, entertainment deck and courtyard. After allowing for size, location, date etc shows $504,000 ($3,150/m2) for this type if improvement and $76,000 for all other improvements. 39 Cove St, Birchgrove. Sold 06/12/2014 for $1,670,000 Dims: 7.8/7.36 x 32.66/32.34m Area: 240.3m2 Double storey semi-detached 3 bedroom Victorian terrace, established grassed rear courtyard, all presenting in solid and partly renovated condition. Improvements represent a good utilisation of the site. Situated in quiet two way residential side street, close to amenities. GBA 145m dwelling and courtyard. After allowing for size, location, date etc shows $355,250 ($2,450/m) for this type of improvement and $23,000 for all other improvements.

Site Value sale at 30 Brooklyn St, Tempe. Sold 29/04/2015 for $1,131,000 (Analysed as $922,000). Dims: 9.8/9.42 x 39.67m Area: 379.4m2



5.0 ADDED VALUE OF IMPROVEMENTS: (Continued) Paired with: 201 Addison Rd, Marrickville. Sold 07/11/2014 for $936,000. Dims: 7.91/7.64 x 30.58/30.11m Area: 234.8m2

Single storey 2 bedroom semi-detached brick and tile Art Deco dwelling, concrete paved rear courtyard and side driveway to garage, all presenting in solid condition. Improvements represent a basic utilisation of the site. Situated on a relatively busy two way residential through road close to local amenities. GBA 100m dwelling, garage of 25m and concrete paved courtyard. After allowing for size, location, date etc shows $245,000 ($2,450/m) for this type of dwelling and $30,000 for all other improvements. 9 Eltham St, Dulwich Hill. Sold 13/12/2014 for $1,296,000. Dims: 10.08/10.62 x 33.76/32.03m Area: 328.8m2 One and half storey semi-detached brick and tile Victorian dwelling, rear courtyard, all presenting in solid condition, improvements represent and underutilisation of the site. Situated in a quiet two way residential side street, located close to local amenities. GBA 170m dwelling and rear courtyard with concrete paving and grass.

Site Value sale at 21 Clissold St, Ashfield.

Sold 01/11/2014 for $1,312,000 (analysed, $1,065,000) Dims: 17.07 x 33.43 / 33.39m Area: 569.1m2

Paired with: 1 Curt St, Ashfield. Sold on 11/09/2015 for $1,330,000 Dims: 12.19 / 13.23 x 30.48 / 32.42m Area: 379.4m2 Single storey three bedroom brick and tile bungalow style dwelling all presenting in average condition throughout. Situated in a quiet two way street. GBA of dwelling 120m2. After allowing for area, size, shape, date of sale, etc. improvements show $275,000 ($2,292/m2) for this type of dwelling and another $40,000 for other site improvements. Or paired with: 28 Bay St, Croydon. Sold on 03/09/2015 for $1,400,000 Dims: 12.19 x 63.5 / 63.3m Area: 771.4m2 Single storey two bedroom timber weatherboard dwelling all presenting in good condition throughout. Situated in a two way street with light passing traffic. GBA of dwelling 135m2. After allowing for area, size, shape, date of sale, etc. improvements show $250,000 ($1,852/m2) for this type of dwelling and another $30,000 for other site improvements. Site Value sale at 39 Bartlett St, Summer Hill.

Sold 14/03/2015 for $935,000 (analysed $676,500 Dims: 4.94 / 4.98 x 30.48m Area: 150.4m2


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 5.0 ADDED VALUE OF IMPROVEMENTS: (Continued) Paired with: 3 Frederick St, Ashfield. Sold on 20/01/2015 for $875,000 Dims: 9.14 x 33.1 / 33.6m Area: 297.2m2 One and a half storey four bedroom partly renovated but unfinished brick and tile dwelling all presenting in average condition throughout. GBA of dwelling 105m2. After allowing for area, size, shape, date of sale, etc. improvements show $200,000 ($1,905/m2) for this type of dwelling and another $20,000 for other site improvements. Or paired with: 7 Beatrice St, Ashfield. Sold on 08/08/2015 for $980,000 Dims: 8.5 / 7.04 x 23.48m Area: 187.9m2 A small single storey semi-detached 2 bedroom federation period home in renovated condition presenting in good condition throughout. Situated in a quiet cul-de-sac. GBA of dwelling 100m2 and other site improvements including courtyard and landscaping. After allowing for area, size, shape, ate of sale, etc, improvements show $300,000 ($3,000/m2) for this type of dwelling and another $40,000 courtyard and landscaping. Site Value sale at 84 Brighton St, Croydon Park.

Sold 14/11/2014 for $1,062,000 (analysed $915,500) Dims: 13.411 / 14.125 x 40.704 / 39.23m Area: 517m2

Paired with: 42 Baker St, Enfield. Sold on 20/06/2015 for $1,218,000 Dims: 10.058 x 60.96m Area: 607m2 A small single storey freestanding 2 bedroom brick and tile dated bungalow style dwelling with carport and entertainment area all presenting in average condition throughout. Situated in a quiet narrow two way street. GBA of dwelling 120m2. After allowing for area, size, shape, date of sale, etc. improvements show $300,000 ($2,500/m2) for this type of dwelling and another $20,000 for other site improvements. Or paired with: 24 Brighton St, Croydon. Sold on 20/06/2015 for $1,390,000 Dims: 10.6 x 40.82m Area: 410.65m2 A single storey freestanding 3 bedroom brick and tile dated bungalow style dwelling with off road parking all presenting in average condition throughout. Situated in a moderately busy two way street. GBA of dwelling 130m2. After allowing for area, size, shape, date of sale, etc. improvements show $350,000 ($2,692/m2) for this type of dwelling and another $15,000 for other site improvements. Site Value sale at 73 Lang St, Croydon.

Sold 29/05/2015 for $1,200,000 (analysed $916,000) Dims: 12.19 x 36.58m. Area: 470m2


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 5.0 ADDED VALUE OF IMPROVEMENTS. (Continued)

Paired with: 55 Croydon Ave, Croydon. Sold on 04/07/2015 for $1,325,000 Dims: 13.95 / 2.01 x 56.21 / 53.86m Area: 427.5m2 Single storey three bedroom brick and tile federation style dwelling with attic all presenting in good condition throughout. Situated in a moderately busy two way street. GBA of dwelling 145m2. After allowing for area, size, shape, date of sale, etc. improvements show $400,000 ($2,759/m2) for this type of dwelling and another $25,000 for other site improvements. Or paired with: 81 Mitchell St, Croydon Park. Sold on 02/07/2015 for $1,350,000 Dims: 11.56 x 40.325 / 40.315m Area: 467m2 Single storey three bedroom brick and tile Californian bungalow style dwelling with attic all presenting in good condition throughout. Situated on a wide two way street with moderate passing traffic. GBA of dwelling 130m2. After allowing for area, size, shape, date of sale, etc. improvements show $350,000 ($2,692/m2) for this type of dwelling and another $40,000 for other site improvements. Site Value sale at 3 Brooklyn St, Strathfield South.

Sold 17/10/2014 for $927,000 (analysed $763,000) Dims: 11.94 x 46.13m. Area: 470m2

Paired with: 1 Brooklyn St, Strathfield South. Sold on 16/09/2015 for $1,120,000 Dims: 11.28 / 11.15 x 30.78m Area: 341.5m2 Single storey three bedroom brick and tile restored and renovated californian bungalow style dwelling with attic all presenting in good condition throughout. Situated on a quiet two way street. GBA of dwelling 130m2. After allowing for area, size, shape, date of sale, etc. improvements show $350,000 ($2,692/m2) for this type of dwelling and another $30,000 for other site improvements. Or paired with: 10 Hill St, Strathfield South. Sold on 16/09/2015 for $1,120,000 Dims: 11.28 / 11.15 x 30.78m Area: 341.5m2 Single storey four bedroom brick and tile restored and renovated Californian bungalow style dwelling with attic all presenting in good condition throughout. Situated on a quiet two way street. GBA of dwelling 140m2. After allowing for area, size, shape, date of sale, etc. improvements show $350,000 ($2,692/m2) for this type of dwelling and another $30,000 for other site improvements.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 5.0 ADDED VALUE OF IMPROVEMENTS. (Continued) Site Value sale at 32 Courallie Ave, Homebush West.

Sold 04/08/2015 for $1,250,000 (analysed $971,000) Dims: 12.19 x 39.62m Area: 482.97m2

Paired with: 13 Arthur St, Strathfield. Sold on 22/12/2014 for $1,420,000 Dims: 15.24 x 45.72m Area: 696.77m2 Single storey three bedroom brick and tile bungalow style dwelling with garage, all presenting in good condition throughout. Situated on a quiet two way street. GBA of dwelling 155m2. After allowing for area, size, shape, date of sale, etc. improvements show $400,000 ($2,581/m2) for this type of dwelling and another $30,000 for other site improvements. Or paired with: 9 Cartwright Ave, Homebush. Sold on 13/04/2015 for $1,260,000 Dims: 12.65 x 39.01m Area: 493.48m2 Single storey three bedroom brick and tile well-kept original bungalow style dwelling with garage, all presenting in average condition throughout. Situated on a quiet two way street. GBA of dwelling 125m2. After allowing for area, size, shape, date of sale, etc. improvements show $300,000 ($2,400/m2) for this type of dwelling and another $15,000 for other site improvements.

COMMERCIAL / RETAIL / INDUSTRIAL:

Due to the lack of sufficient vacant land sales in the Leichardt LGA for the above zone categories, the Replacement Cost approach was applied when analysing sales evidence. The Replacement Cost approach is based upon the principle that the informed purchaser would pay no more than the cost to reproduce the sale property. Hence the methodology used on analysis is as follows:

Replacement Cost Methodology: Reasonable allowance for refurbishment costs added to the sale price to bring the improvements

to an as new replacement standard where the returns would be equivalent to as new.

An appropriate entrepreneurial profit and risk allowance. On average between 10% – 15% in the Leichhardt valuation area.

Allowance for interest on funds during the hypothetical construct to completion period. This is inclusive of holding charges and construction costs. Depending on borrowings between 7% - 9% was applied.

The adjusted sale price can now be analysed for land content by using industry accepted cost estimates for the as new building and development expenses. As a general summary, the cost new applied in the Leichhardt districts were as follows:



5.0 ADDED VALUE OF IMPROVEMENTS: (Continued)

Single storey retail shop $2,000 m2 gross building area Two storey retail shop with office above $1,750 - $2,250m2 gross building area Two storey retail shop with residential above $2,000 - $2,500 m2 gross building area Industrial (depending on construction type) $500 - $1,000m2 gross building area

The residual amount following this exercise will show the adjusted land value at the base date. Other costs accounted for are:

All professional fees Costs of site works in preparation for building Cost of stamp duty and legal charges on purchase of site Costs of rates and taxes over development period Loss of interest on capital outlaid on purchase of site Loss of interest on capital outlaid on construction (av. 50% of dev. period). Legal costs and commission on sale for development sites. Critical to the analysis is that the added value only is to be captured and taken from the Sale Price to show the Residual Land Value.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 6.0 CHANGES TO COMPONENTS ILLUSTRATED BY CHANGES TO THE EXISTING

VALUE RELATIONSHIPS.

From the analysed sales evidence available at the commencement and during the programme, the amount of variation applied to the value of properties within each zone & component is as follows:

Value Levels - Typical Properties Typical Single Dwelling Site – Leichhardt (EAS) Dimensions : 6.10m x 30.48m Site Area : 171m2 BD 0714 Land Value : $606,000 Factor Update : 1.269 BD 0715 Land Value : $769,000 Typical Single Dwelling Site – Lilyfield (EAN) Dimensions : 5.74m x 30.48m Site Area : 174.9m2 BD 0714 Land Value : $610,000 Factor Update : 1.249 BD 0715 Land Value : $762,000 Typical Single Dwelling Site – Main Road (EAS) Dimensions : 6.10m x 43.28m Site Area : 259.3m2 BD 0714 Land Value : $546,000 Factor Update : 1.269 BD 0715 Land Value : $693,000 Typical Single Dwelling Site – Balmain (ECC) Dimensions : 6.10m x 24.38m Site Area : 148.72m2 BD 0714 Land Value : $786,000 Factor Update : 1.298 BD 0715 Land Value : $1,020,000 Typical Single Dwelling Site – Water views (Birchgrove) (ECB) Dimensions : 6.10/4.88m x 32.77/32.72m Site Area : 177m2 BD 0714 Land Value : $1,750,000 Factor Update : 1.240 BD 0715 Land Value : $2,170,000 Typical Single Dwelling Site – Waterfront (Birchgrove) (EEE) Dimensions : 6.10m x 36.64/35.72m Site Area : 215m2 BD 0714 Land Value : $2,330,000 Factor Update : 1.215 BD 0715 Land Value : $2,830,000


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 6.0 CHANGES TO COMPONENTS ILLUSTRATED BY CHANGES TO THE EXISTING VALUE RELATIONSHIPS (Cont.)

Typical Home Unit Site – Leichhardt (EFF) Dimensions : 47.17m/46.17m x Irregular/Irregular Site Area : 1,190m2 Development : 21 units (57m2) BD 0714 Land Value : $2,880,000 ($137,143/unit @ $2,420/m2) Factor Update : 1.198 BD 0715 Land Value : $3,450,000 ($164,286/unit @ $2,899/m2)

Typical Single Dwelling Site – Annandale (EKK) Dimensions : 6.71m x 30.48m Site Area : 202.3m2 BD 0714 Land Value : $693,000 Factor Update : 1.280 BD 0715 Land Value : $887,000

Typical Single Dwelling Site – Rozelle (ELR) Dimensions : 6.71m x 25.91m Site Area : 139.1m2 BD 0714 Land Value : $729,000 Factor Update : 1.250 BD 0715 Land Value : $911,000

Business Typical Retail Property – Darling St, Balmain (CAB) Dimensions : 5.75m/5.51m x 24.87m/25.88m Site Area : 132.8m2 BD 0714 Land Value : $1,450,000 ($252,174/m ftg & $10,919/m2 site) Factor Update : 1.00 BD 0715 Land Value : $1,450,000 Rate per metre frontage: $252,174/m ftg ($10,919/m2 site)

Typical Retail Property – Darling St, Rozelle (CCE) Dimensions : 6.10m x 30.48m Site Area : 183.3m2 BD 0714 Land Value : $945,000 ($154,918m ftg & $5,155/m2 site) Factor Update : 1.00 BD 0715 Land Value : $945,000 Rate per metre frontage: $154,918/m ftg ($5,155/m2 site)

Typical Mixed Use Property – Norton St, Leichhardt (CVV) Dimensions : 5.76/27.38 x 81.21/60.40 Irreg. Site Area : 1,013m2 BD 0714 Land Value : $3,200,000 ($3,159/m2 site area) Factor Update : 1.197 BD 0715 Land Value : $3,830,000 Rate per metre : $3,781/m2 of site area



Typical Retail Property – Norton St, Leichardt (CFF) Dimensions : 6.10m x 34.98m Site Area : 208.7m2 BD 0714 Land Value : $833,000 Rate per metre frontage: $136,557/m ftg ($3,991/m2 site) Factor Update : 1.055 BD 0715 Land Value : $879,000 Rate per metre frontage: $144,098/m ftg ($4,212/m2 site) Typical Retail Property – Parramatta Rd, Annandale (CMM) Dimensions : 6.10m x 45.72m Site Area : 278.9m2 BD 0714 Land Value : $400,000 Rate per metre frontage: $65,574/m ftg ($1,434/m2 site) Factor Update : 1.148 BD 0715 Land Value : $459,000 Rate per metre frontage: $75,246/m ftg ($1,646m2 site) Industrial Typical Industrial Site – Rozelle (Small Sites to 1,000m) (DSS) Dimensions : 9.14m x 30.48m Site Area : 278.6m2 BD 0714 Land Value : $603,000 Rate per square metre : $2,164/m2

Factor Update : 1.167 BD 0715 Land Value : $704,000 Rate per square metre : $2,527/m2

Typical Industrial Site – Leichhardt (Average Sites 1,000m – 4,000m) (DAA) Dimensions : 17.86m/20.01m x 64.06m/55.64m Site Area : 1,070m2 BD 0714 Land Value : $825,000 Rate per square metre : $771/m2

Factor Update : 1.068 BD 0715 Land Value : $881,000 Rate per square metre : $823/m2 Typical Industrial Site – Annandale (Large Sites over 4,000m) (DLL) Dimensions : 44.5/133.52 x 149.35/112.9 Irreg. Site Area : 9,383.7 BD 0714 Land Value : $5,790,000 Rate per square metre : $617/m2 Factor Update : 1.038 BD 0715 Land Value : $6,010,000 Rate per square metre : $640/m2



District 205 – Leichhardt LGA 2015 Base Date Land Value Totals at 31 Oct 2015

Zone & / or

Property Category

Total of 2014

LG LV's as at 31 Oct 15

Total of 2014

Prior LV's as at 31 Oct 15

Total of 2015

New LV's as at 31 Oct 15

2014 to 2015

Variation

2014 to 2015

Variation

% of Cat. to

Total District Value 2014

% of Cat. to


% of Cat. to


(the totals below include the 31 Oct 2015 Supplementary Import)

Residential $14,193,163,150 $14,193,163,150 $17,879,370,790 1.260 1.260 86.84% 86.84% 87.96%

Business $1,211,857,470 $1,211,857,470 $1,397,345,350 1.153 1.153 7.41% 7.41% 6.87%

Industrial $303,485,980 $303,485,980 $343,201,190 1.131 1.131 1.86% 1.86% 1.69%

Open Space $148,725,820 $148,725,820 $162,091,390 1.090 1.090 0.91% 0.91% 0.80%

Special Uses $250,443,690 $250,443,690 $284,964,650 1.138 1.138 1.53% 1.53% 1.40%

Miscellaneous $236,736,061 $236,736,061 $259,106,662 1.094 1.094 1.45% 1.45% 1.27%

District Land Value Total $16,344,412,171 $16,344,412,171 $20,326,080,032 1.244 1.244 100.00% 100.00% 100.00%



District 205 – Leichhardt LGA 2015 Variation of Total Values within Zone / Category

Between 2014 to 2015

7.0 MARKET COMMENTARY:

A thorough investigation of all categories of property was undertaken for the 2015 revaluation program to determine the state of the market. A cornerstone of this investigation involved the analysis of as many sales of vacant land, site values and improved sales as was necessary to determine the level of value as at the 1st July 2015 Base Date. Sales analysed by category: Residential 178

Commercial 48

Industrial 7



7.0 MARKET COMMENTARY: (Continued) Residential – Overall the residential market within the Leichhardt Local Government Area as at Base Date 1/7/2015 tended to increase generally in line with surrounding areas in the inner west of Sydney. Market transactions investigated suggest that the movement in residential property was not uniform throughout all suburbs and areas with some areas and property types performing better than others. For example single residential sites in Balmain and Rozelle west of Victoria Road generally performed slightly better other single residential sites in the Leichhardt LGA. Smaller terrace sites continued to show strong gains, whilst double fronted parcels in some areas performed better than single fronted property. Overall, most residential property increased in a relatively steady manner between the Base Date 1/7/2014 to Base Date 1/7/2015. Demand for high density and medium density unit sites remains high, with the residential unit market continuing to grow particularly in the Inner West. Rises in residential rentals mostly fuelled by housing affordability and abolishment of stamp duty exemption for first home buyer on purchases of existing homes from 1st January 2012 onwards is believed to be underpinning this demand. The limited supply of property for sale and the low interest rates helped to maintain the strong increases in value levels in the residential sector across the Leichhardt LGA between Base Date 01/07/2014 and 01/07/2015. Commercial / Retail – The commercial and retail property markets within the Leichhardt Local Government Area for the reporting year to 01/07/2015 indicates that the movement in the market was not uniform across all suburbs and area. The demand for retail space has continued to witness a steady growth in particularly along Norton Street, Leichhardt. Parramatta Road showed a steady growth as the strip continues to attract more varied tenant and owner occupiers. The demand for commercial and mixed-use development sites has shown strong gains, particularly those sites with residential potential. In comparison to the 2013/2014 reporting year the volume of commercial, retail and office property transactions decreased slightly during the reporting year.

Leichhardt commercial office vacancy rates have remained relatively low, however this trend could shift to higher vacancy rates as the volume of office space increases, however this seems unlikely as the demand for large commercial sites is being absorbed by the Mixed Use development market.

There have been a number of commercial/retail sales in the Leichhardt area both under one million dollars and over one million dollars. The major sales included: Mixed Use Sites:

• *100-102 Elliot St, Balmain Sold Dec 2014 $58,000,000 Area 1.24 H • *2A Rowntree St, Balmain Sold Dec 2014 $17,500,000 Area 1,375m2 • 332 Darling St, Balmain Sold June 2015 $6,850,000 Area 645m2 • 47 Norton St, Leichhardt Sold July, 2015 $4,793,750 Area 860m2 • 322 Norton St, Leichhardt Sold July, 2015 $2,400,000 Area 607m2 • 347 Parramatta Rd, Leichhardt Sold Dec 2014 $6,300,000 Area 541m2 • 201 Darling St, Balmain Sold May 2015 $2,040,000 Area 452m2



7.0 MARKET COMMENTARY: (Continued)

*DA Approved 23/06/2014 for 100-102 Elliot St, Balmain to demolish existing structures, construction of a mixed use development of 8 buildings with ground floor commercial, 19 services apartments and 102 residential apartments above basement parking. *DA Approved 13/05/2014 for 2A Rowntree St, Balmain to convert existing commercial building to mixed use development consisting of 1 commercial and 27 dwellings with associated parking. *DA Submitted 07/07/2015 for 47 Norton St, Leichhardt to demolish existing structures and construct a 4 storey mixed use development comprising 2 ground floor commercial/retail tenancies and 15 residential dwellings, over basement parking. *DA Approved 21/10/2015 for 201 Darling St, Balmain for partial demolition and construction of a mixed use development consisting of 2 commercial/retail tenancies and 6 residential apartments over basement parking.

Industrial - the industrial property market within the Leichhardt Local Government Area remained relatively flat between the reporting years 1/7/2014 to 1/7/2015. Many of the remaining industrial properties in the Leichhardt LGA have high underlying values which can be attributed to several reasons including scarcity of stock, being well located, having good access to main road networks and high alternative use values in some cases. It appears the industrial property market is gradually moving away from the city/inner west industrial areas to the outer suburbs of Sydney. The overall volume of industrial property Sales evidence drawn from larger adjoining industrial areas suggest that the market for industrial land and well positioned improved developments has generally remains static to steady over the preceding year. There have been a number of industrial sales in the Leichhardt LGA over the past reporting year, both under one million dollars and over one million dollars. Of the seven industrial sales, four of the sales were residential dwellings. The major sales included:

• 198 Parramatta Rd, Camperdown Sold Aug 2014 $3,650,000 Area 1,106.6 m2 • Gordon St, Annandale Sold Sept 2014 $2,200,000 Area 668m2 • 3 Hill St, Leichhardt Sold Oct 2014 $1,850,000 Area 557.5m2 • 130 Terry St, Rozelle Sold June 2015 $1,610,000 Area 306.6m2 • 37 John St, Leichhardt Sold Jan 2015 $1,250,000 Area 771.4m2

*Note: The properties sold at 37 John St, Leichhardt and 130 Terry St, Rozelle were a residential dwelling

To date there have been no Development Applications lodged against these properties.



7.0 MARKET COMMENTARY (Continued) Sale and Resales within Leichhardt LGA & adjoining districts between 20014 & 2015

109 Albion St, Annandale Sold 04/04/14 $860,200 Resold 14/10/14 $1,150,000 Shows 33.7% increase 20 Cambridge St, Rozelle Sold 26/08/14 $1,285,000 Resold 09/06/15 $1,800,000 Shows 40.1% increase 2 Carieville St, Balmain Sold 15/02/14 $1,852,000 Resold 13/03/15 $1,900,000 Shows 2.6% increase 383 Catherine St, Lilyfield Sold 18/09/14 $906,000 Resold 20/06/15 $1,820,000 Shows 100.9% increase 46 Darling St, Balmain East Sold 14/03/14 $2,000,000 Resold 28/03/15 $2,200,000 Shows 10.0% increase 38 Day St, Leichhardt Sold 15/03/14 $780,000 Resold 12/02/15 $895,000 Shows 14.7% increase 61 Hill St, Leichhardt Sold 21/06/14 $926,000 Resold 23/09/14 $1,025,000 Shows 10.7% increase 25 King St, Balmain Sold 12/04/14 $2,110,000 Resold 13/04/15 $2,250,000 Shows 6.6% increase 47 Norton St, Leichhardt Sold 04/03/14 $4,100,000 Resold 19/09/14 $4,793,750 Shows 16.9% increase 22 Rose St, Annandale Sold 08/08/14 $990,000 Resold 08/05/15 $1,000,000 Shows 1.0% increase 109 Rowntree St, Birchgrove Sold 13/03/14 $1,325,000 Resold 14/05/15 $1,450,000 Shows 9.4% increase 33 Theodore St, Balmain Sold 24/05/14 $1,325,000 Resold 21/03/15 $1,540,000 Shows 16.2% increase 33 Young St, Annandale Sold 09/07/14 $920,000 Resold 16/06/15 $1,200,000 Shows 30.4% increase



7.0 MARKET COMMENTARY (Continued) 39 Moore Ln, Lilyfield Sold 19/12/14 $555,000 Resold 22/06/15 $575,000 Shows 3.6% increase

These results indicate the change in the market over a 12 month period but does not reflect if this change was uniform or not over this time frame. This result indicates a steady market as reflected by these eleven (14) sales. The market consensus as to the movement in the residential market is fairly uniform for residential property. Our own sales analysis supported by broader statistics has revealed that the residential market over the 12 month reporting year has increased overall to base date 1/7/2015. Incremental market changes over the period by monthly intervals is harder to interpret from the evidence, other than to infer generally, that in the early part of the reporting year increases were lower than the 2nd half of the year when falls in official interest rates increased the level of growth.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 8.0 MANAGEMENT OF COMPONENTS, HANDCRAFTING & VERIFICATION

Sales analysis undertaken for the 2015 revaluation program revealed several anomalies in value levels that mass valuation techniques alone could not rectify. Handcrafting, of either individual components. Verification and Handcrafting in the Leichhardt LGA for the 2014-2015 program included but was not limited to:

• Residential Component ECC – All properties nominated within this component were verified in accordance with Project Plan.

• Business Components CAB, CFF, CMM, CVV, CZZ – All properties nominated within these component were verified in accordance with Project Plan.

• Industrial Components DAA, DML, DMS – All properties nominated within this component were verified in accordance with Project Plan.

• Some business and industrial components were handcrafted in line with available market evidence from within the district and adjoining areas.

Verification Program (future, i.e. 2016)

• Investigate all property within Residential Component ED, ‘Density Sites – All Localities’ to establish the type of development present, i.e. Medium Density, Density and High Density is present and determine under what basis the site has been valued, in readiness for the adoption of Leichhardt’s Draft LEP.

• Investigate the worthiness and suitability of some smaller components and amalgamate some of these superfluous components with other existing ones.

• Verification of some Residential Components following consultation with Contract Manager.


Leichhardt Final Report 2015 _________________________________________________________________________________________________________________ 9.0 QUALITY ASSURANCE

In accordance with Southern Alliance Valuation Services Pty Ltd own internal QA manual and the Office of the Valuer General Guidelines, the following quality checks have been made in the delivery of this program:

• Ensuring the valuations are within the set parameters. • That a zone/component code integrity check has been made. • An in depth value check on those properties that have considerably higher values in

relation to the average for land. • Ensure that current and proposed Development Control Plans and planning changes that

affect the valuations have been taken into account. • Where the land value of a property has been amended on objection, the alignment of

values with nearby properties has been checked. • That all Statutory concession valuations and allowances have been supplied, including -

o Allowances for development on and off the land. o Heritage Values. o Land Rating Factors. o Apportionment of Values. o Mixed Development Apportionment Factors.

The following statistical checks have been carried out for residential zoned properties. Coefficient of Dispersion (COD)

This measures the relative consistency and, when viewed with the other measures, the relative accuracy of values in relation to the sales. It shows the amount of variation or the consistency of the values and also the relative accuracy of the values as the relationship between values and sales widens.

The accepted measure for the COD is 0 – 15.

Mean Value to Price Ratio (MVP)

This calculates the mean relative accuracy, or level of values, relative to the sales. It shows the mean level of accuracy of the values assigned compared to the sales evidence. The MVP is to be calculated only in single dwelling residential categories, including rural home site areas.

The accepted measure for the MVP is 85-100%.

Price Related Differential (PRD)

This test measures the progressive value to sale relativity across the range of values in the sample. It demonstrates the variations of relativity between the sales and the assigned values and indicates if there is a progressive change in relativity across the value range.

The accepted measure for the PRD is 0.98 – 1.03.

The results, from all sales analysed and classified as market data sales are appended to this report:



Purpose of this Report

The purpose of this report is to describe the process and considerations made in producing the 1st July 2015 Valuation program of Leichhardt Local Government Area. The report has been produced on behalf of the Valuer General. The land values have been specifically made for rating and taxing purposes. Land values produced as part of this process should not be used for any other purpose without the specific agreement of the Valuer General. Land values must have regard to specific requirements and assumptions in rating and taxing legislation. Consequently these valuations may vary from market levels. The land values were made using a mass valuation process that involves assessing large numbers of properties as a group. While valuations have been prepared with all due care, mass valuations are, by their nature, likely to be less accurate than individually assessed valuations. Town planning, land use and other market information contained in this report has been compiled based on enquiries undertaken during the valuation process. Third parties should make their own inquiries into these details and should not rely on the contents of this report. The Valuer General disclaims any liability to any person who acts or omits to act on the basis of the information contained in this report. More information on the valuation process is available from the Department of Lands website at www.lands.nsw.gov.au

George Veris Burwood Area Manager Southern Alliance Valuation Services Pty Ltd



District 205 – Leichhardt LGA 2015

Component Variation of Total Land Values – Residential Between 2014 to 2015



District 205 – Leichhardt LGA 2015 Component Variation of Total Land Values – Business

Between 2014 to 2015




Component Variation of Total Land Values – Industrial Between 2014 to 20145




Component Variation of Total Land Values – Miscellaneous Between 2014 to 2015

George Veris

Burwood Area Manager Southern Alliance Valuation Services Pty Ltd



ANNEXURE: ‘A’ LEICHHARTD DA REGEISTER 2015

PID Zone ADDRESS DA NO. LODGED DATE

DECISION DATE DETAILS COMMENTS

1933396 B2 435-437 Parramatta Rd, Leichhardt DA/2014/347 14/07/2014 03/09/14

Withdrawn Demolish existing building and construction of new building w/ commercial and 8 new dwellings.

Sold 14/02/2014 $950,000

1935666 B2 2A Rowntree St, Balmain DA/2013/454 18/10/2013 APPROVED 13/05/2014

Development Application - Alterations and additions to convert existing commercial building to a mixed use development consisting of 1 (existing) commercial use and 27 dwellings with associated parking.

SOLD 05/12/2014 $17,500,000

Leichhardt Park Between 58-62Glover St, Lilyfield DA/2014/366 18/07/2014 Approved

09/12/2014 Construction of a child care centre accommodating 60 children and associated remediation and landscaping.

1933423 1933422 B2

371 Parramatta Rd, Leichhardt 373-375 Parramatta Rd,

Leichhardt

D/2013/560 12/12/2013 Withdrawn 02/05/2015

Demolish buildings construct 3 storey mixed use building over basement parking. Sold 29/05/2006

$510,00 Sold 16/04/2012

$825,000 D/2014/390 31/07/2014 Approved 09/12/2014

Demolition of existing buildings and construction of a 3 storey mixed use development, comprising 1 ground floor retail tenancy and 10 residential dwellings above with basement car park.

1913537 R1 79 Allen St, Leichhardt D/2014/399 4/08/2014 Approved 19/02/2015

Demolish rear of existing building and outbuilding, construction of 4 dwellings attached to existing shop.

Sold 12/10/2013 $1,380,000

3340895 R3 30-40 George St, Leichhardt D/2014/489 16/09/2014 Rejected 25/09/2014

Demolition of existing building, excavations, remediation and construction of a residential development of 2 blocks of 4 to 8 storey height including 123 residential units above basement car parking containing 125 parking spaces and strata subdivision.

1932819 B2 322 Norton St, Leichhardt

DA/2014/129 24/03/2014 Withdrawn 14/04/2014

Proposed mixed use development entailing basement parking, 9 residential units and 2 commercial units.

SOLD 17/07/2015 $2,400,000

DA/2014/275 13/06/2014 Withdrawn 26/06/2014

Construction of new 4 level building including significant demolition of existing buildings, construction of basement parking, ground, 1st and 2nd levels with 9 residential dwellings and 2 commercial tenancies.

DA/2014/354 16/07/2014 Approved 10/02/2015

Partial demolition of structures and construction of a new mixed development comprising 2 commercial tenancies and 9 residential dwellings above basement car park.





1933395 B2 439-441 Parramatta Rd, Leichhardt D/2014/122 19/03/2014 REFUSED

24/11/2014

Change of use + alterations & additions to an existing commercial development at the 1st & 2nd floors to 2 residential units w/2 rear balconies on the 1st floor + 1 balcony on the 2nd floor.

1933431 B2 355 Parramatta Rd, Leichhardt D/2014/205 8/05/2014 REFUSED 18/11/2014

Demolition of existing building and construction of a mixed use development comprising 12 x residential units and 1 commercial unit w/basement parking. Consolidation of 2 lots into 1.

1927913 R1 252 Johnston St, Annandale DA/2014/349 15/07/2014 REFUSED 27/11/2014

Demolition of existing aged care facility known as Sister Dorothea Village, site remediation and construction of 42 dwellings and 56 parking spaces with a part 3 and part 4 storey building over a basement carpark.

1931507 R1 64 Mullens St, Rozelle DA/2014/272 13/06/2014 APPROVED 18/11/2014

Demolition of the rear and substantial alterations and additions to the existing building to create a 2 storey mixed use development comprising 1 commercial unit and 6 residential dwellings.

Sold 06/04/2013 $1,400,000

NOT ANALYSED

1919746 IND2 43 Crescent St, Rozelle D/2014/527 7/10/2014 Approved 05/03/2015

Alts and additions to existing dwelling, construction of new industrial building & subdivision into 2 Torrens Title Lots.

1926918 R1 43-45 Hubert St, Leichhardt D/2014/530 8/10/2014 Approved 14/04/2015

Alts & additions to existing commercial building, incl. new 1st floor addition comprising a new dwelling with associated terraces and alterations on ground floor to create 2 entries plus strata sub-division of building into 2 lots

SOLD 30/05/2013 $950,000

1926038 R1 28 Henry St, Leichhardt D/2014/531 8/10/2014

Approved Deferred

Commencement 15/05/2015

Part retention of existing dwelling + substantial alts and additions to provide for a 13 room boarding house.

3766534 3781961 R1 73 Beattie St, Balmain D/2014/551 15/10/2014 Withdrawn

18/12/2014

Alts and additions to existing building and change of use to a child care centre for 90 children w/basement parking for 24 vehicles.

SOLD 30/06/2014 $1,616,288





3720885 B2 201 Darling St, Balmain D/2014/563 21/10/2014

Approved on Appeal by L&E Court

10/06/2015

Partial demolition of existing building and construction of mixed use development entailing retail and offices (2 tenancies) and 6 residential apartments, inc. basement level parking for 10 vehicles. Ground, 1st and 2nd floor levels with elevated terraces.

SOLD 14/07/2014 $2,700,000

1928332 IN2 55 Justin St, Lilyfield D/2014/574 28/10/2014 Refused 21/01/2015

Construction of 3 mixed use buildings comprising lower ground floor parking + storage, ground floor office premises and 2 bedroom dwelling above.

1927675 R1 65 Johnston St, Annandale D/2014/578 29/10/2014


28/04/2015

Alts & additions to existing building and change of use to a residential flat building comprising 7 dwellings with on-site parking and strata subdivision.

SOLD 06/05/2014 $3,040,000

1920519 B2 691 Darling St, Rozelle D/2014/579 29/10/2014 Refused 01/05/2015

Mixed Development, incl. shop, offices and 2 residential units behind existing street façade.

1927588 R1 2 John St, Leichhardt D/2014/580 29/10/2014 Approved 10/02/2015

Demolition of existing structures, removal of trees and construction of a residential development comprising 3 new dwellings with garages and associated works.

1920648 R1 558 Darling St, Rozelle D/2014/581 29/10/2014 Approved 13/03/2015

Additions & alts of current commercial office to enable residential use, including creating opening to existing building to create windows, vehicle access, courtyard and inclusion of pool.

SOLD 27/11/2013 $2,200,000

NOT ANALYSED

1933447 B2 301 Parramatta Rd, Leichhardt D/2014/612 11/11/2014 Withdrawn 18/12/2014

Alterations and additions to the existing commercial building, including alterations to 1st floor level and new 2nd floor level to provide a mixed use development comprising 1 commercial tenancy and a 14 room boarding house.

1928922

I 47 - 51 Lilyfield Rd, Rozelle D/2013/222 29/05/2013 Approved 22/11/2013

Demolition of existing structures, excavations and construction of a part 4 and part 5 storey mixed use development comprising 29 residential apartments and 3 commercial tenancies above a basement car park.

B2 47-51 Lilyfield Rd, Rozelle D2014/634 24/11/2014 Refused 23/02/2015

Alteration and additions to the approved mixed use development, comprising construction of a further 3 new residential units to the western side of Level 4.





3340895 R3 30-40 George St, Leichhardt D2014/646 28/11/2014 Approved 17/07/2015

Site preparation works (including diversion of services, demolition of existing structures and excavation) and construction of 2 buildings of between 4 and 8 storey in height. The buildings shall comprise 123 residential units above a 2 level basement car park with 125 parking spaces. Associated Strata subdivision.

SOLD 02/07/2015 $9,000,000

1914681 R1 47 Balmain Rd, Leichhardt D/2014/663 8/12/2014 Refused 03/03/2015

Demolition of existing structures and construction of a pair of semi-detached dwellings with Torrens title subdivision.

SOLD 15/05/2014 $935,000

1924237 B4 22 George St, Leichhardt

D/2014/240 21/05/2014 Pending Demolition of existing structures, removal of trees, diversion of services and removal of all hazardous material from the site.

Sold 21/03/2014 $47,100,000

D/2014/312 27/06/2014 Refused 08/10/2014

Site preparation works, and construction of a mixed use development of 5 buildings of 4 to 9 storey’s in height. Buildings will comprise 2 commercial tenancies and 288 residential units above a basement car park containing 272 parking spaces.

D/2014/713 23/12/2014 Approved 16/07/2015

Site preparation works including remediation and construction of five residential flat buildings, incorporating 287 apartments and 5 commercial tenancies and associated landscaping and basement parking.

1913647 R1 67 Annandale St, Annandale D/2014/707 22/12/2014 Approved 25/03/2015 Secondary dwelling at rear of the property

1932730 B2 173 Norton ST, Leichhardt D/2014/717 23/12/2014


17/06/2015

Demolition of existing buildings and construction of a mixed use development comprising 15 dwellings, 1 retail premises and basement parking.

SOLD 04/03/2014 $2,500,000

1926927 R1 83 Hubert St, Lilyfield D/2014/718 24/12/2014 Withdrawn 24/02/2015

Demolish all structures on site, erect attached two storey dual occupancy on each lot resulting in six (6) dwellings in total, lot consolidation, new front fence and strata subdivision.





1938590 IN2 85 Victoria Rd, Rozelle PREDA/2014/230 3/10/2014 Determined 07/01/2015

New mixed use building comprising four levels of basement car parking that includes public car parking, ground floor shops and cafe and three levels of shop-top housing comprising 22 units, and associated works, including bulk excavation.

SOLD 16/08/2013 $1,460,000

1934570 R1 7 Rayner St, Lilyfield PREDA/2015/8 27/01/2015 Determined 04/03/2014

Demolition of existing residence and outbuildings. Construction of 7 residential dwellings comprising of 4 x townhouses and 3 units with basement parking.

1920492 B2Sold 625 Darling St, Rozelle PREDA/2015/10 28/01/2015 Determined

Construction of a mixed use development comprising 2 retail tenancies and 3 residential units and double carport. *Subject to matters raised in this advice being addressed, it is expected that any Development Application lodged for the proposal is likely to be supported.

1933488 B2 203 Parramatta Rd, Annandale D/2015/41 4/02/2015

Approved Deferred

Commencement 17/08/2015

Alterations and additions to existing building including new shop works and new residential units at rear and above.

1938471 R1 12 Union St Balmain East D/2015/52 11/02/2015 Approved 15/09/2015

Subdivision of site into 2 Torrens titled lots and removal of trees, alterations and additions to existing dwelling and construction of a new dwelling.

SOLD 12/04/201 $2,120,000

1930766 R1 17 Merton St, Rozelle D/2015/73 23/02/2015 Approved 14/07/2015

Construction of 2 attached dwellings and associated works

1933390 B2 Taverners Hill Hotel 463 Parramatta Rd, Leichhardt D/2015/84 26/02/2015 Approved

26/02/2015

Alterations and additions to the existing building to provide a mixed use development comprising 2 commercial tenancies and a boarding house with 19 rooms.

SOLD 29/04/2014 $2,860,000

1921737 R1 22 Edith St, Leichhardt D/2015/86 2/03/2015 Refused

15/05/2015 Proposed demolition of existing single storey residence and proposed dual occupancy and subdivision.

SOLD 11/10/2014 $1,450,000





1933432 B2 351-353 Parramatta Rd, Leichhardt DA/2012/46 6/02/2012 Approved

04/03/2015

Construction of new 3 level mixed use - commercial and residential building comprising retail and 12 dwellings plus basement parking and remediation of the site.

1916139 R1 64 Brenan St, Lilyfield DA2015/108 11/03/2015 Refused 29/10/2015

Demolition of existing commercial premises and erection of a residential flat building containing 6 x 1 bedroom units and associated works.

SOLD 05/08/2015 $1,300,000

1930968 R1 6 Montague St, Balmaibn DA2015/114 11/04/2015 Pending

Adaptive re-use, restoration works, alterations and additions to existing heritage listed building to provide for a mixed use development comprising 3 commercial spaces with ancillary residential accommodation and 3 separate residences and associated works over basement parking including car stacker, turntable - access via Little Darling Street.

SOLD 19/06/2014 $3,100,000

1915311 1922404 R1 170 Beattie St, Balmain

13 Evans St, Balmain D2015/143 26/03/2015 Approved 22/10/2015

Torrens title subdivision of 3 lots into 3 lots and strata subdivision of 1 lot to create 13 strata allotments.

1915057 R1 26 Bay St, Birchgrove D/2015/164 9/04/2015 Refused 15/09/2015

Demolition of the existing garage and ancillary structures (retention of existing dwelling) and construction of a two-storey dwelling with subdivision of the site into 2 Torrens title lots.

1921868 R1 21 Ellen St, Rozelle D/2015/177 16/04/2015 Pending Proposed demolition of existing structures and construction of a dual occupancy development plus subdivision into two lots.

SOLD 21/05/2014 $1,125,000

3503716 R1 37A Moore Lane, Lilyfield D/2015/204 29/04/2015 Withdrawn 09/06/2015

Demolition of existing structures and construction of a three-storey attached dual occupancy with associated garages and landscaping.

1932703 B2 109 Norton St, Leichhardt D/2015/224 4/05/2015 Approved 31/08/2015

Alterations and additions to level 1 of the existing building and change of use to accommodate two residential units.

1930393 R1 81 Marion St, Leichhardt D/2015/234 8/05/2015 Pending

Alterations and additions to the existing dwelling and change of use to a boarding house comprising 17 boarding rooms and managers dwelling with associated site works and removal of multiple trees.





1920492 B2 625 Darling St, Rozelle D/2015/240 12/05/2015 Approved 14/07/2015

Construction of a mixed use development comprising 2 retail tenancies and 3 residential units and double garage.

1926928 R1 85 Hubert St, Lilyfield D/2015/266 22/05/2015 On Appeal

Demolition of all existing structures, consolidation of 4 lots and construction of 3 two-storey attached dual occupancies with parking on 3 individual lots, associated site works and strata subdivision.

SOLD 02/10/2014 SETTLED 02/10/2015

$1,350,000

1938658 B2 64-66 Victoria Rd, Rozelle D/2015/289 4/06/2015 Pending Alterations and additions and change of use to mixed use development containing two commercial suites and three dwellings.

SOLD 17/07/2014 $2,150,000

1923707 R1 6 Foster St, Leichhardt D/2015/291 5/06/2015 Approved 08/09/2015

Demolition of existing house and construction of 2 new dwellings.

1928944 R1 115 Lilyfield Rd, Lilyfield D/2015/303 12/06/2015 Approved 07/09/2015

Demolition of existing garage. Construction of secondary dwelling, relocation of garage space and drainage easement.

1932693 B2 47-51 Norton St, Leichhardt D/2015/348 7/07/2015 Pending

Demolition of existing structures and construction of a four-storey, mixed use development comprising 2 ground floor commercial/retail tenancies and 15 residential dwellings on upper floors, above a basement car park.

SOLD 18/09/2014 $4,793,750

1928941 R1 107 Lilyfield Rd, Lilyfield D/2015/364 17/07/2015 Pending

Demolition of the two existing dwellings and ancillary structures and construction of five attached dwellings above a basement car park.

1928942 R1 109 Lilyfield Rd, Lilyfield

1930364 R1 107 Marion St, Leichhardt

D/2015/368 21/07/2015 Rejected 24/07/2015

Alterations and additions to the existing building to provide a mixed use development comprising 1 commercial/retail tenancy and a residential boarding house with 5 units. SOLD 14/10/2013

$940,000 D/2015/491 7/09/2015 Pending

Alterations and additions to the existing building and erection of a new building at the rear accommodating five self-contained boarding house rooms, plus car parking and ancillary works.

1930447 B2 118 Marion St, Leichhardt D/2015/389 30/07/2015 On Appeal

Demolition of existing structures and construction of a three (3) storey mixed use development. Development consists of:- 2 x retail, and 7 residential units.

1930446 B2 120 Marion St, Leichhardt





19323032 R1 2 North St, Balmain

D/2015/390 31/07/2015 Pending

Demolition of existing buildings at Nos. 383 and 387-389 Darling Street and No. 2 North Street, excavation and remediation of the site and construction of a five-storey, mixed use development comprising 2 commercial units and 19 residential dwellings above a basement car park. Alterations and additions (including construction of a first floor level) to the existing dwelling at No. 4 North Street.

1932302 R1 4 North St, Balmain

1920375 B2 383 Darling St, Balmain

3302173 B2 387-389 Darling St, Balmain

1927708 B2 101 Johnston St, Annandale D/2015/392 31/07/2015 Pending

Alterations and additions to existing buildings of the heritage-listed site, including changes to the entry off Johnston Street and fit-out of the building fronting Johnston Lane to comprise mixed use development - one commercial tenancy, three residential dwellings and on-site parking.

1920493 B2 627-629 Darling St, Rozelle D/2015/413 7/08/2015 Pending Construction of a mixed use development comprising ground floor commercial unit and shop top housing of 4 x 1 bed residential units and associated parking.

1926950 R1 110 Hubert St, Lilyfield D/2015/421 10/08/2015 Pending Demolition of existing dwelling and construction of two (2) new two storey dwellings, carport at rear lane, vehicle crossing and boundary fences.

SOLD 13/11/2013 $1,260,000

1931517 R1 36 Mullens St, Balmain D/2015/426 12/08/2015 Pending Part demolition of the existing dwelling to enable construction of a new second dwelling, alterations and additions to the existing dwelling and strata subdivision.

SOLD 24/07/2014 $1,650,000

1927913 R1 252 Johnston St, Annandale D/2015/449 20/08/2015 Public Notification

Demolition of existing aged care facility known as Sister Dorothea Village, site remediation and construction of 32 dwellings within a 3 storey building over a basement carpark. The proposal also includes removal of trees and associated landscape works.

Sister Dorothea Village

1933447 B2 301 Parramatta Rd, Leichhardt D/2015/475 1/09/2015 Pending Alterations and Additions to an existing commercial building including an extra storey and a 13 room boarding house

1931355 R1 3 Mullens St, Balmain D/2015/479 1/09/2015 Pending Alteration and additions to existing single storey dwelling including two storey rear addition, the creation of two dwellings on the site and strata subdivision.

SOLD 11/05/2015 $1,311,000





1938636 B2 138-152 Victoria Rd, Rozelle D/2015/438 14/08/2015 Pending Further

Information

Development Application - Mixed use development on the above mentioned properties generally known as the “Balmain Leagues Club” site, comprising : a) Demolition of existing buildings and remediation of the site; b) Six (6) basement / lower ground floor levels accessible via Victoria Road and / or Waterloo Street that include parking for 369 car spaces; c) a loading dock and waste storage areas off Victoria Rd; d) public plaza levels with pedestrian access via Waterloo Street, Darling Street and Victoria Road, containing specialty retail areas, supermarket and a new club premises; e) Construction of a new infill retail / commercial building on Darling Street; f) Construction of new three level townhouses on Waterloo Street; g) Construction of two residential towers for 135 apartments, being : i. East tower comprising commercial residential up to 12 levels and ii. West tower comprising the specialty retail and club premises, residential apartments above up to 8 levels h) Construction of a pedestrian bridge across Victoria Road; i) Development with an assessed value of $117,669,457.00.

1922046 R1 221 Elswick St N, Leichhardt D/2015/533 23/09/2015

Pending

Construction of three (3) dwellings with parking at rear and associated landscaping, on lots to be created to D/2015/482.

D/2015/482 2/09/2015 Boundary adjustments between the three existing Torrens title lots

1933935 R1 55 Perry St, Lilyfield D/2015/540 24/09/2015 Rejected 06/10/2015

Alterations and additions to existing residential dwelling to create two separate dwellings and associated Torrens title sub-division.

SOLD 24/08/2015 $1,600,000

1933396 B2 435-437 Parramatta Rd, Leichhardt D/2015/553 30/09/2015 Pending

Alterations and additions to an existing commercial building to provide refurbished commercial unit and five residential units - mixed development.

SOLD 14/08/2013 $950,000





1931771 R1 209 Nelson St, Annandale D/2015/555 30/09/2015 Pending

Proposed subdivision into two Torrens title lots. Minor alterations and additions to existing 2-storey dwelling at rear of site fronting Nelson Lane. New skylight to existing roof fronting Nelson Street.

SOLD 09/11/2013 $1,750,000

1929267 R1 5 Loftus St, Leichhardt D/2015/558 2/10/2015 Pending

Subdivide the lot into two Torrens title lots. Stage 2 - Construction of a new single and two storey dwelling on one of the newly created lots (No.5 Loftus St) and associated fencing and landscaping works

1930983 R1 41 Montague St, Balmain D/2015/581 13/10/2015 Public Notification

Part demolition of existing dwelling, part restoration and reconfiguration of existing dwelling, rear addition and Torrens title subdivision of proposed dual occupancy.

SOLD 23/06/2015 $1,500,000


Sales SummaryProp ID: Map

Ref:Property Address, Legal

Description and Land Dimensions:Area Comments:LGA: Zone: Analysed LV:

District: Zone: Component: Date: 01-Jan-14 to: 25-Nov-15 Benchmark Sales

Contract: Transfer:

Purch. Price: GST Paid: $ / m2

$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:

Comp:Sale Code: Density: Units:

Unit Type: Strata Lot:Area Unit

Dealing No.0 72 HERCULES ST DULWICH

HILL 2203 24,25/4488 20.12 / 20.12 X 40.23 / 40.23

809.4000 02-May-14 $4,320,000 0.0005-Aug-14

R1EFF

205 $1,775,000 $1,775,000 $0$2,193 $2,193 $0 0.00No

$177,500 $177,500 $0

81

Square MetresAM 10M

AI1822982

0 7-15 MCGILL ST LEWISHAM 2049 2/437347, X, Y/442484 & 1, 2/543253 / X /

1,035.3101 27-Feb-14 $5,325,000 0.0007-Jul-14

R1EFF

205 $4,975,000 $4,975,000 $0$4,805 $4,805 $0 0.00No

$236,905 $236,905 $0

49

Square MetresAD 21M

AI723594

0 100 - 102 ELLIOTT ST BALMAIN 2041 6/617944 1/619996 / X /

2,375.0000 12-Dec-14 $58,000,000 0.00 Two adjoining sites sold in-one-line by the same Vendor with DA approval for a MUD comprising an FSR of 1.05:1 (13,089m) although code allows 1.5:1

05-Feb-15B2

CVV205 $52,000,000 $52,000,000 $0

$4,202 $4,202 $0 0.00No$278,075 $278,075 $0

66

Square MetresBV 187M

AJ266678

0 105 PERCIVAL RD STANMORE 2048 12/W/3782 1/185086 / X /

480.5000 06-May-14 $3,100,000 0.0005-Aug-14

B2CVV

205 $2,785,000 $2,785,000 $0$5,796 $5,796 $0 0.00No

$253,182 $253,182 $0

44

Mixed Dev. UnitsBG 11M

AI790800

1912669 VALMAP 57 AINSWORTH ST LILYFIELD 2040 1, 2/1091785 19 / 19.5 X 18.29 / 18.275

347.8000 08-Nov-14 $1,603,000 1.3219-Dec-14

R1EAN

205 $1,152,500 $1,152,500 $873,000$3,314 $3,314 $2,510 1.32No

$1,152,500 $1,152,500 $873,000

348

Square MetresAC 1M

AJ157130

1912794 VALMAP 8 ALBERT ST LEICHHARDT 2040 9/B/3863 6.1 / X 35.99 / 35.92

215.0000 20-Dec-14 $1,100,000 1.3530-Jan-15

R1EAS

205 $790,000 $790,000 $587,000$3,674 $3,674 $2,730 1.35No

$790,000 $790,000 $587,000

215

Square MetresAC 1M

AJ252566

1912974 VALMAP 41 ALBION ST ANNANDALE 2038 F/15356 5.05 / 4.57 X 33.71 / 31.57

145.4000 14-Feb-15 $1,044,000 1.3420-Mar-15

R1EKK

205 $761,000 $761,000 $570,000$5,234 $5,234 $3,920 1.34No

$761,000 $761,000 $570,000

145

Square MetresAC 1M

AJ363937

1913080 VALMAP 72 ALFRED ST ANNANDALE 2038 40/654799 2353.73 / X 38.4 /

145.4000 08-Nov-14 $833,000 1.2823-Jan-15

R1EKK

205 $600,000 $630,000 $467,000$4,127 $4,333 $3,212 1.35No

$600,000 $630,000 $467,000

145

Square MetresAC 1M

AJ230466

1913162 VALMAP 25 ALFRED ST ROZELLE 2039 23/12190 9.86 / 12.45 X 35.69 / 37.9

379.4000 30-Jun-15 $1,705,700 1.3311-Aug-15

R1ELL

205 $1,356,700 $1,356,700 $1,020,000$3,576 $3,576 $2,688 1.33No

$1,356,700 $1,356,700 $1,020,000

379

Square MetresAC 1M

AJ734539

Date Printed: 25-Nov-15Page 1

The information contained in this report is confidential between SAVS , OVG NSW and DEPARTMENT OF LANDS NSW. Disclosure or misuse of this information may lead to legal action





Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1913250 VALMAP 8 ALFRED ST ROZELLE 2039

8/977519 9.14 / X 23.16 / 206.0000 01-Nov-14 $1,210,000 1.25

28-Nov-14R1ELL

205 $957,000 $1,052,000 $767,000$4,646 $5,107 $3,723 1.37No

$957,000 $1,052,000 $767,000

206

Square MetresAC 1M

AJ95926

1913366 VALMAP 8 ALLEN ST LEICHHARDT 2040 703/846172 4.93 / IRREGULR X 31.69 / IRREGULR

159.5000 04-Dec-14 $960,000 1.2829-Jan-15

R1EAS

205 $717,000 $717,000 $562,000$4,495 $4,495 $3,524 1.28No

$717,000 $717,000 $562,000

160

Square MetresAC 1M

AJ293032

1913598 VALMAP 21 ANN ST BALMAIN 2041 21/618978 7.16 / X 20.39 /

128.6000 09-Sep-15 $1,365,000 1.3307-Oct-15

R1ECC

205 $1,083,000 $1,183,000 $817,000$8,421 $9,199 $6,353 1.45No

$1,083,000 $1,183,000 $817,000

129

Square MetresAC 1M

AJ909217

1913655 VALMAP 87 ANNANDALE ST ANNANDALE 2038 4/33769 3.94 / 3.99 X 30.48 / 30.48

120.2000 07-Mar-15 $910,000 1.3424-Apr-15

R1EKK

205 $688,000 $688,000 $513,000$5,724 $5,724 $4,268 1.34No

$688,000 $688,000 $513,000

120

Square MetresAC 1M

AJ456631

1913661 VALMAP 101 ANNANDALE ST ANNANDALE 2038 X/442391 4.72 / 4.7 X 53.34 / 53.34

246.6000 19-Jun-15 $1,400,000 1.3631-Jul-15

R1EKK

205 $986,500 $986,500 $727,000$4,000 $4,000 $2,948 1.36No

$986,500 $986,500 $727,000

247

Square MetresAC 1M

AJ705813

1913741 VALMAP 255 ANNANDALE ST ANNANDALE 2038 B/101612 6.65 / 6.6 X 53.44 / 53.44

354.1000 29-Nov-14 $1,575,000 1.2016-Jan-15

R1EKK

205 $1,234,550 $1,359,550 $1,030,000$3,486 $3,839 $2,909 1.32No

$1,234,550 $1,359,550 $1,030,000

354

Square MetresAC 1M

AJ218047

1913750 VALMAP 269 ANNANDALE ST ANNANDALE 2038 2/509891 5 / 5.03 X 52.12 / 53.34

265.6000 12-Jun-15 $1,860,000 1.4124-Jul-15

R1EKK

205 $1,260,500 $1,260,500 $896,000$4,746 $4,746 $3,373 1.41No

$1,260,500 $1,260,500 $896,000

266

Square MetresAC 1M

AJ699487

1913875 VALMAP 272 ANNANDALE ST ANNANDALE 2038 1/185295 5.79 / 5.79 X 45.72 / 45.72

264.7200 13-Sep-14 $1,416,000 1.2503-Nov-14

R1EKK

205 $1,077,000 $1,152,000 $859,000$4,068 $4,352 $3,245 1.34No

$1,077,000 $1,152,000 $859,000

265

Square MetresAC 1M

AJ31261

1914020 VALMAP 10 ANNESLEY ST LEICHHARDT 2040 20/1946 6.1 / X 32.79 /

196.0000 16-May-15 $1,220,000 1.4102-Jul-15

R1EAS

205 $899,000 $899,000 $636,000$4,587 $4,587 $3,245 1.41No

$899,000 $899,000 $636,000

196

Square MetresAC 1M

AJ645737







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1914056 VALMAP 86 ANNESLEY ST LEICHHARDT

2040 1/944361 6.1 / 6.1 X 34.14 / 34.14

208.0500 05-Feb-15 $1,050,000 1.3412-Mar-15

R1EAS

205 $754,250 $754,250 $562,000$3,625 $3,625 $2,701 1.34No

$754,250 $754,250 $562,000

208

Square MetresAC 1M

AJ344429

1914071 VALMAP 47 ANNESLEY ST LEICHHARDT 2040 3/104392 5.49 / X 41.45 /

227.5600 24-Mar-15 $1,185,000 1.4215-Apr-15

R1EAS

205 $798,500 $798,500 $562,000$3,509 $3,509 $2,470 1.42No

$798,500 $798,500 $562,000

228

Square MetresAC 1M

AJ422646

1914217 VALMAP 44 ARTHUR ST LEICHHARDT 2040 6/33431 4.57 / 4.57 X 37.95 / 37.95

173.4300 08-Nov-14 $1,162,000 1.3416-Dec-14

R1EAS

205 $719,000 $719,000 $538,000$4,146 $4,146 $3,102 1.34No

$719,000 $719,000 $538,000

173

Square MetresAC 1M

AJ172800

1914225 VALMAP 28 ARTHUR ST LEICHHARDT 2040 2/909148 6.1 / 6.1 X 37.95 / 37.95

225.0000 18-Apr-15 $1,210,000 1.3408-May-15

R1EAS

205 $825,000 $825,000 $615,000$3,667 $3,667 $2,733 1.34No

$825,000 $825,000 $615,000

225

Square MetresAC 1M

AJ481441

1914725 VALMAP 71 BALMAIN RD LEICHHARDT 2040 1/1012991 6.19 / 6.1 X 36.51 / 36.55

225.7000 21-Feb-15 $1,000,000 1.3507-Apr-15

R1EAS

205 $691,150 $691,150 $513,000$3,062 $3,062 $2,273 1.35No

$691,150 $691,150 $513,000

226

Square MetresAC 1M

AJ407142

1914777 VALMAP 117 BALMAIN RD LEICHHARDT 2040 B/376495 7.54 / 5.72 X 30.53 /

202.3000 08-Nov-14 $1,056,000 1.3008-Dec-14

R1EAS

205 $661,000 $661,000 $507,000$3,267 $3,267 $2,506 1.30No

$661,000 $661,000 $507,000

202

Square MetresAC 1M

AJ111587

1914929 VALMAP 405 BALMAIN RD LILYFIELD 2040 1/447584 5.84 / 5.41 X 39.62 / 39.83

183.4000 01-Apr-15 $1,055,000 1.3227-May-15

R1EAN

205 $734,500 $734,500 $558,000$4,005 $4,005 $3,043 1.32No

$734,500 $734,500 $558,000

183

Square MetresAC 1M

AJ549828

1914949 VALMAP 443 BALMAIN RD LILYFIELD 2040 4/18745 7.39 / 7.32 X 30.45 /

221.3000 12-Sep-15 $1,170,000 1.3626-Oct-15

R1EAN

205 $818,750 $818,750 $601,000$3,700 $3,700 $2,716 1.36No

$818,750 $818,750 $601,000

221

Square MetresAC 1M

AJ950016

1915000 48 BALMAIN RD LEICHHARDT 2040 1/203246 6.4 / X 50.37 IRREGULR / 51.41

328.8000 29-Jul-14 $955,000 1.1523-Sep-14

B2CXX

205 $623,000 $673,000 $544,000$1,895 $2,047 $1,655 1.24No

$623,000 $673,000 $544,000

329

Square MetresAC 1M

AI943087







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1915221 13 BEATTIE ST BALMAIN 2041

3/1103626 11.15 / 10.92 X 40.235 / 35.305

410.0000 20-Nov-14 $2,600,000 1.3127-Feb-15

B2CAB

205 $1,535,000 $1,535,000 $1,170,000$3,744 $3,744 $2,854 1.31No

$1,535,000 $1,535,000 $1,170,000

410

Square MetresBC 1M

AJ395379

1915541 VALMAP 45 BELMORE ST ROZELLE 2039 C/158779 4.53 / 4.6 X 26.72 / 26.72

120.1000 17-Jul-15 $1,175,000 1.4317-Aug-15

R1ELL

205 $855,000 $855,000 $596,000$7,119 $7,119 $4,963 1.43No

$855,000 $855,000 $596,000

120

Square MetresAC 1M

AJ755093

1915547 VALMAP 36 BELMORE ST ROZELLE 2039 B/439312 4.57 / 4.55 X 30.51 / 30.51

145.4000 13-Jun-15 $1,280,000 1.5031-Jul-15

R1ELL

205 $871,500 $871,500 $580,000$5,994 $5,994 $3,989 1.50No

$871,500 $871,500 $580,000

145

Square MetresAC 1M

AJ724103

1915715 78 BOOTH ST ANNANDALE 2038 1/231539 / X /

404.7000 27-Feb-15 $2,060,000 1.2628-Apr-15

R1EHH

205 $1,300,000 $1,300,000 $1,030,000$3,212 $3,212 $2,545 1.26No

$1,300,000 $1,300,000 $1,030,000

405

Square MetresBA 1M

AJ464190

1915858 107 BOOTH ST ANNANDALE 2038 21/667427 / X /

92.6000 24-Apr-14 $500,000 0.8230-May-14

B2CNN

205 $500,000 $500,000 $612,000$5,400 $5,400 $6,609 0.82No

$500,000 $500,000 $612,000

93

Square MetresBSI 1M

AJ125784

1916058 VALMAP 25 BREILLAT ST ANNANDALE 2038 1/217169 4.83 / 5.03 X 30.48 /

151.8000 20-Nov-14 $1,060,000 1.2721-Jan-15

R1EKK

205 $813,000 $843,000 $640,000$5,356 $5,553 $4,216 1.32No

$813,000 $843,000 $640,000

152

Square MetresAC 1M

AJ227995

1916755 VALMAP 3 BRUCE ST ROZELLE 2039 100/846622 5.08 / 5.35 X 22.93 IRREGULR / 22.84 IRREGULR

112.5000 19-Nov-14 $980,000 1.2417-Dec-14

R1ELR

205 $736,000 $771,000 $593,000$6,542 $6,853 $5,271 1.30No

$736,000 $771,000 $593,000

112

Square MetresAC 1M

AJ143362

1916763 VALMAP 21 BRUCE ST ROZELLE 2039 1/80589 10.06 / X 19.2 /

193.1000 23-May-15 $1,456,000 1.3324-Jul-15

R1ELR

205 $1,216,000 $1,216,000 $911,000$6,297 $6,297 $4,718 1.33No

$1,216,000 $1,216,000 $911,000

193

Square MetresAC 1M

AJ693224

1916776 VALMAP 16 BRUCE ST ROZELLE 2039 10/131 11.13 / X 19.51 /

217.1500 21-Apr-15 $1,850,000 1.3422-May-15

R1ELR

205 $1,270,000 $1,270,000 $948,000$5,848 $5,848 $4,366 1.34No

$1,270,000 $1,270,000 $948,000

217

Square MetresAC 1M

AJ522299







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1916997 60 BURFITT ST LEICHHARDT

2040 4/10295 10.25 / 10.25 X 45.72 / 45.72

467.9000 04-Mar-15 $1,820,000 1.3827-Mar-15

R1EAS

205 $1,221,000 $1,221,000 $888,000$2,610 $2,610 $1,898 1.38No

$1,221,000 $1,221,000 $888,000

468

Square MetresAC 1M

AJ378841

1917142 VALMAP 3 A CALLAN ST ROZELLE 2039 51/815 7.47 / 4.67 X 24.92 / 24.79

145.5000 15-Nov-14 $935,000 1.2523-Jan-15

R1ELL

205 $686,250 $756,250 $550,000$4,716 $5,198 $3,780 1.38No

$686,250 $756,250 $550,000

146

Square MetresAC 1M

AJ268655

1917158 VALMAP 36 CALLAN ST ROZELLE 2039 A/437112 9.093 / X 24.74 / 25.299

227.6000 20-Jun-15 $1,310,000 1.4104-Aug-15

R1ELL

205 $985,750 $985,750 $698,000$4,331 $4,331 $3,067 1.41No

$985,750 $985,750 $698,000

228

Square MetresAC 1M

AJ731895

1917616 VALMAP 1 CARRINGTON ST BALMAIN 2041 11/804544 9.1 / 7.93 X 17.01 / 23.66 IRREGULR

152.7000 27-Aug-15 $1,385,000 1.4108-Oct-15

R1ECC

205 $1,056,500 $1,056,500 $750,000$6,919 $6,919 $4,912 1.41No

$1,056,500 $1,056,500 $750,000

153

Square MetresAC 1M

AJ902660

1917677 VALMAP 27 CARY ST LEICHHARDT 2040 101/611119 4.26 / 4 X 31.33 IRREGULR / 30.48

136.4000 13-Feb-15 $1,100,000 1.4327-Mar-15

R1EAS

205 $725,000 $725,000 $506,000$5,315 $5,315 $3,710 1.43No

$725,000 $725,000 $506,000

136

Square MetresAC 1M

AJ392369

1917727 VALMAP 12 CARY ST LEICHHARDT 2040 49/13/612 4.88 / X 27.43 /

132.8000 26-Feb-15 $975,000 1.3321-May-15

R1EAS

205 $671,000 $671,000 $506,000$5,053 $5,053 $3,810 1.33No

$671,000 $671,000 $506,000

133

Square MetresAC 1M

AJ523643

1917958 VALMAP 330 CATHERINE ST LILYFIELD 2040 3/2/5171 7.67 / X 34.9 / 36.02

265.6000 12-Dec-14 $1,260,000 1.3323-Jan-15

R1EAN

205 $837,500 $837,500 $630,000$3,153 $3,153 $2,372 1.33No

$837,500 $837,500 $630,000

266

Square MetresAC 1M

AJ222486

1917959 VALMAP 328 CATHERINE ST LILYFIELD 2040 A/440342 6.13 / 6.05 X 36.01 / 36.9 IRREGULR

221.3000 12-Mar-15 $1,025,000 1.2801-May-15

R1EAN

205 $772,000 $772,000 $601,000$3,488 $3,488 $2,716 1.28No

$772,000 $772,000 $601,000

221

Square MetresAC 1M

AJ474925

1918126 VALMAP 100 CECILY ST LILYFIELD 2040 2/946969 5.18 / X 33.53 /

173.6900 14-May-15 $1,260,000 1.3523-Jun-15

R1EAN

205 $860,750 $860,750 $636,000$4,956 $4,956 $3,662 1.35No

$860,750 $860,750 $636,000

174

Square MetresAC 1M

AJ612045







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1918202 45 CECILY ST LILYFIELD 2040

100/1012689 4.91 / 4.91 X 30.09 / 30.1

147.6000 12-Mar-15 $1,280,000 1.3723-Apr-15

R1EAN

205 $833,000 $833,000 $610,000$5,644 $5,644 $4,133 1.37No

$833,000 $833,000 $610,000

148

Square MetresAC 1M

AJ449904

1918226 VALMAP 93 CECILY ST LILYFIELD 2040 1/983598 7.32 / 7.32 X 30.48 / 30.48

239.3000 11-Jul-15 $1,392,000 1.3315-Sep-15

R1EAN

205 $1,105,000 $1,105,000 $833,000$4,618 $4,618 $3,481 1.33No

$1,105,000 $1,105,000 $833,000

239

Square MetresAC 1M

AJ848575

1918229 VALMAP 99 CECILY ST LILYFIELD 2040 1/970598 7.32 / 7.32 X 30.48 / 30.48

221.3000 30-May-15 $1,650,000 1.3825-Jun-15

R1EAN

205 $1,146,000 $1,146,000 $833,000$5,178 $5,178 $3,764 1.38No

$1,146,000 $1,146,000 $833,000

221

Square MetresAC 1M

AJ609620

1918263 VALMAP 8 CHARLES ST BALMAIN 2041 5/16695 9.45 / 9.4 X 16.61 / 16.54

151.8000 13-May-15 $1,430,000 1.3924-Jun-15

R1ECC

205 $1,132,500 $1,132,500 $817,000$7,460 $7,460 $5,382 1.39No

$1,132,500 $1,132,500 $817,000

152

Square MetresAC 1M

AJ610014

1918693 11 CHURCH ST LILYFIELD 2040 1/928685 / X /

607.0000 24-Feb-15 $2,320,000 1.2307-Apr-15

R1EAN

205 $1,756,000 $1,831,000 $1,430,000$2,893 $3,016 $2,356 1.28No

$1,756,000 $1,831,000 $1,430,000

607

Square MetresAC 1M

AJ480386

1918716 49 CHURCH ST LILYFIELD 2040 21/1091382 / X /

346.4700 23-Feb-15 $1,410,000 1.1918-May-15

R1EAN

205 $1,117,500 $1,187,500 $936,000$3,225 $3,427 $2,702 1.27No

$1,117,500 $1,187,500 $936,000

346

Square MetresAC 1M

AJ512885

1918774 VALMAP 11 CLAREMONT ST BALMAIN 2041 A/916312 6.1 / X 24.38 /

148.7200 20-Nov-14 $1,200,000 1.3222-Jan-15

R1ECC

205 $1,036,000 $1,036,000 $786,000$6,966 $6,966 $5,285 1.32No

$1,036,000 $1,036,000 $786,000

149

Square MetresAC 1M

AJ226689

1918816 VALMAP 29 CLAYTON ST BALMAIN 2041 A/90971 5.69 / 5.72 X 21.84 / 21.88 IRREGULR

120.1000 14-Feb-15 $1,360,000 1.3430-Mar-15

R1ECC

205 $919,000 $919,000 $685,000$7,652 $7,652 $5,704 1.34No

$919,000 $919,000 $685,000

120

Square MetresAC 1M

AJ395941

1918987 VALMAP 24 COLERIDGE ST LEICHHARDT 2040 A/305282 5.94 / X 24.41 /

145.0000 28-Mar-15 $980,000 1.3811-May-15

R1EAS

205 $697,000 $697,000 $506,000$4,807 $4,807 $3,490 1.38No

$697,000 $697,000 $506,000

145

Square MetresAC 1M

AJ484163







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1918988 VALMAP 22 COLERIDGE ST

LEICHHARDT 2040 1/173057 6.15 / X 24.43 /

183.4000 04-Dec-14 $926,000 1.3015-Jan-15

R1EAS

205 $659,000 $659,000 $506,000$3,593 $3,593 $2,759 1.30No

$659,000 $659,000 $506,000

183

Square MetresAC 1M

AJ208170

1919201 VALMAP 8 COLLEGE ST BALMAIN 2041 10/883274 5.13 / 4.99 X 20.71 / 20.83

105.0000 21-Mar-15 $1,228,000 1.5130-Apr-15

R1ECC

205 $893,000 $893,000 $591,000$8,505 $8,505 $5,629 1.51No

$893,000 $893,000 $591,000

105

Square MetresAC 1M

AJ466925

1919337 VALMAP 35 COMMERCIAL RD LILYFIELD 2040 7/B/975479 10.06 / 10.06 X 30.18 / 30.18

303.5000 18-Apr-15 $1,560,000 1.3414-May-15

R1EAN

205 $1,077,000 $1,077,000 $803,000$3,549 $3,549 $2,646 1.34No

$1,077,000 $1,077,000 $803,000

304

Square MetresAC 1M

AJ617009

1919529 VALMAP 31 COOK ST ROZELLE 2039 11/397431 9.2 / 9 X 25.78 IRREGULR / 25.83 IRREGULR

234.0000 10-Dec-14 $1,200,000 1.2320-Mar-15

R1ELL

205 $988,000 $1,088,000 $802,000$4,222 $4,650 $3,427 1.36No

$988,000 $1,088,000 $802,000

234

Square MetresAC 1M

AJ378051

1919577 VALMAP 13 COVE ST BIRCHGROVE 2041 5/241425 4.72 / 4.75 X 27.33 / 27.37

126.5000 27-Mar-15 $1,435,000 1.3215-May-15

R1ECB

205 $1,049,900 $1,049,900 $796,000$8,300 $8,300 $6,292 1.32No

$1,049,900 $1,049,900 $796,000

126

Square MetresAC 1M

AJ504515

1919589 VALMAP 39 COVE ST BIRCHGROVE 2041 2/555999 7.8 / 7.36 X 32.66 / 32.34

240.3000 06-Dec-14 $1,670,000 1.2021-Jan-15

R1ECB

205 $1,291,750 $1,361,750 $1,080,000$5,376 $5,667 $4,494 1.26No

$1,291,750 $1,361,750 $1,080,000

240

Square MetresAC 1M

AJ223405

1919870 VALMAP 96 CURTIS RD BALMAIN 2041 1/772358 5.46 / 2.92 X 28.22 / IRREGULR

113.8000 06-Feb-15 $1,170,000 1.3312-Mar-15

R1ECC

205 $865,000 $865,000 $649,000$7,601 $7,601 $5,703 1.33No

$865,000 $865,000 $649,000

114

Square MetresAC 1M

AJ344630

1919958 107 CURTIS RD BALMAIN 2041 1/725428 6.44 / 6.14 IRREGULR X 15.55 / 20.95

101.2000 31-Jul-15 $1,440,000 1.5131-Aug-15

R1ECC

205 $980,000 $955,000 $649,000$9,684 $9,437 $6,413 1.47No

$980,000 $955,000 $649,000

101

Square MetresAC 1M

AJ803021

1919984 VALMAP 31 DANIEL ST LEICHHARDT 2040 2/948398 6.1 / 6.1 X 30.48 / 30.48

185.9300 15-Jul-15 $1,165,000 1.4426-Aug-15

R1EAS

205 $808,750 $808,750 $562,000$4,350 $4,350 $3,023 1.44No

$808,750 $808,750 $562,000

186

Square MetresAC 1M

AJ787479







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1920174 53 DARLING ST BALMAIN EAST

2041 1/569806 / X / 127.8000 14-Oct-14 $995,000 1.18

09-Dec-14B1

CNC205 $699,000 $699,000 $593,000

$5,469 $5,469 $4,640 1.18No$699,000 $699,000 $593,000

128

Square MetresBA 1M

AJ214025

1920183 VALMAP 79 DARLING ST BALMAIN EAST 2041 2/217838 4.44 / 4.32 X 27.53 IRREGULR / 27.74

120.5800 07-Mar-14 $1,150,000 1.0717-Apr-14

B1CNC

205 $699,000 $749,000 $652,000$5,797 $6,212 $5,407 1.15No$5,797 $6,212 $5,407

1

Square MetresBS 120.58M

AI645277

1920282 215 A DARLING ST BALMAIN 2041 A, B/333933 / X /

233.9000 29-May-15 $2,620,000 1.4314-Aug-15

B2CAB

205 $1,420,000 $1,420,000 $994,000$6,071 $6,071 $4,250 1.43No

$1,420,000 $1,420,000 $994,000

234

Square MetresBS 1M

AJ773550

1920284 225 DARLING ST BALMAIN 2041 B/157476 5.48 / 5.91 X 33.05 / 33.08

183.4000 18-Jul-14 $1,500,000 0.8118-Dec-14

B2CAB

205 $1,170,000 $1,320,000 $1,440,000$6,379 $7,197 $7,852 0.92No

$1,170,000 $1,320,000 $1,440,000

183

Square MetresBA 1M

AJ127178

1920298 255 DARLING ST BALMAIN 2041 1/725459 10.37 / 10.57 X 44.87 / 46.01

474.3000 22-Dec-14 $5,150,000 1.3117-Mar-15

B2CVV

205 $2,615,000 $2,615,000 $2,000,000$5,513 $5,513 $4,217 1.31No

$2,615,000 $2,615,000 $2,000,000

474

Square MetresBH 1M

AJ375008

1920357 339 DARLING ST BALMAIN 2041 B/447498 / X /

145.4000 15-May-15 $1,850,000 1.0811-Aug-15

B2CAB

205 $1,150,000 $1,150,000 $1,060,000$7,909 $7,909 $7,290 1.08No

$1,150,000 $1,150,000 $1,060,000

145

Square MetresBA 1M

AJ795267

1920369 VALMAP 357 DARLING ST BALMAIN 2041 3/20153 6.1 / 6.3 X 26.85 / 27.66

164.4000 06-May-15 $1,575,834 1.0424-Jun-15

B2CAB

205 $1,160,834 $1,210,834 $1,120,000$7,061 $7,365 $6,813 1.08No$7,061 $7,365 $6,813

1

Square MetresBA 164.4M

AJ677680

1920370 359 DARLING ST BALMAIN 2041 2/20153 / X /

164.4000 07-Jan-15 $500,000 0.4306-Feb-15

B2CAB

205 $500,000 $500,000 $1,160,000$3,041 $3,041 $7,056 0.43No

$500,000 $500,000 $1,160,000

164

Square MetresBSI 1M

AJ233463


170.7000 07-Jan-15 $500,000 0.3906-Feb-15

B2CAB

205 $500,000 $500,000 $1,290,000$2,929 $2,929 $7,557 0.39No

$500,000 $500,000 $1,290,000

171

Square MetresBSI 1M

AJ233463







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1920412 VALMAP 475 DARLING ST BALMAIN 2041

1/29401 5.26 / 5.08 X 32.56 / 31.45

158.1000 12-Jun-15 $1,050,000 1.0128-Jul-15

B2CAB

205 $822,000 $822,000 $810,000$5,199 $5,199 $5,123 1.01No$5,199 $5,199 $5,123

1

Square MetresBAI 158.1M

AJ696634

1920470 551 DARLING ST ROZELLE 2039 5/1078252 / X /

1,380.0000 02-Dec-14 $650,000 0.2704-Dec-14

R1EHH

205 $650,000 $650,000 $2,370,000$471 $471 $1,717 0.27No

$650,000 $650,000 $2,370,000

1380

Square MetresBGI 1M

AJ436557

1920476 569 DARLING ST ROZELLE 2039 A/447461 / X /

120.1000 16-May-14 $1,425,000 1.1227-Jun-14

R1EHH

205 $810,000 $960,000 $725,000$6,744 $7,993 $6,037 1.32No

$810,000 $960,000 $725,000

120

Square MetresBA 1M

AI732053

1920508 667 DARLING ST ROZELLE 2039 2/33390 / X /

196.0000 12-May-15 $1,300,000 1.0119-Jun-15

B2CCE

205 $885,000 $885,000 $872,000$4,515 $4,515 $4,449 1.01No

$885,000 $885,000 $872,000

196

Square MetresBA 1M

AJ603428

1920799 332 DARLING ST BALMAIN 2041 12, 13/A/77 / X /

645.0000 02-Jun-15 $6,850,000 1.3006-Aug-15

B2CVV

205 $3,400,000 $3,400,000 $2,620,000$5,271 $5,271 $4,062 1.30No

$3,400,000 $3,400,000 $2,620,000

645

Square MetresBC 1M

AJ787636

1921099 VALMAP 6 DATCHETT ST BALMAIN EAST 2041 4/10579 6.1 / X 34.9 / 34.87

208.7000 17-Dec-14 $1,300,000 1.4423-Jan-15

R1ECC

205 $1,077,000 $1,077,000 $750,000$5,161 $5,161 $3,594 1.44No

$1,077,000 $1,077,000 $750,000

209

Square MetresAC 1M

AJ223997

1921132 VALMAP 7 DAVIES ST LEICHHARDT 2040 22/1135 4.57 / X 30.99 /

141.6200 14-Feb-15 $815,000 1.3517-Mar-15

R1EAS

205 $681,500 $681,500 $506,000$4,812 $4,812 $3,573 1.35No

$681,500 $681,500 $506,000

142

Square MetresAC 1M

AJ344588

1921507 9 DOCK RD BIRCHGROVE 2041 B/78717 / X /

208.7000 02-Jul-15 $2,900,000 1.4124-Sep-15

R1ECB

205 $1,540,000 $1,540,000 $1,090,000$7,379 $7,379 $5,223 1.41No

$1,540,000 $1,540,000 $1,090,000

209

Square MetresAC 1M

AJ868896

1921719 VALMAP 64 EDITH ST LEICHHARDT 2040 C/414977 8.23 / 8.64 X 33.1 / 33.32

278.2000 07-Mar-15 $1,205,000 1.3117-Apr-15

R1EAS

205 $917,650 $917,650 $699,000$3,299 $3,299 $2,513 1.31No

$917,650 $917,650 $699,000

278

Square MetresAC 1M

AJ593116







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1921920 102 ELLIOTT ST BALMAIN 2041

6/617944 & MSB LEASE 71SQM 30SQM 8 PILES / X /

1.0440 22-Dec-14 $58,000,000 3.7405-Feb-15

B2CVV

205 $58,000,000 $58,000,000 $15,500,000$55,555,554 $55,555,554 $14,846,743 3.74No$58,000,000 $58,000,000 $15,500,000

1

Square MetresBOO 1H

AJ266678

1921922 100 ELLIOTT ST BALMAIN 2041 1/619996 / X /

1,935.0000 22-Dec-14 $58,000,000 14.6505-Feb-15

B2CVV

205 $58,000,000 $58,000,000 $3,960,000$29,974 $29,974 $2,047 14.65No

$58,000,000 $58,000,000 $3,960,000

1935

Square MetresBOO 1M

AJ266678

1922349 VALMAP 1 ENNIS ST BALMAIN 2041 D/379369 7.06 / 3.62 X 25.11 IRREGULR / 20.41

151.8000 23-Apr-15 $1,600,000 1.4202-Jul-15

R1ECC

205 $1,136,500 $1,136,500 $799,000$7,487 $7,487 $5,264 1.42No

$1,136,500 $1,136,500 $799,000

152

Square MetresAC 1M

AJ640644

1922454 VALMAP 121 EVANS ST ROZELLE 2039 3/792147 4.05 / X 27.33 /

112.0000 13-Dec-14 $855,000 1.2228-Jan-15

R1ELR

205 $679,500 $704,500 $558,000$6,067 $6,290 $4,982 1.26No

$679,500 $704,500 $558,000

112

Square MetresAC 1M

AJ237230

1922515 VALMAP 209 EVANS ST ROZELLE 2039 2/202941 4.08 / 3.96 X 27.71 / 27.56

107.5000 22-Nov-14 $1,030,000 1.4014-Jan-15

R1ELL

205 $668,000 $668,000 $477,000$6,214 $6,214 $4,437 1.40No

$668,000 $668,000 $477,000

108

Square MetresAC 1M

AJ234603

1922561 VALMAP 160 EVANS ST ROZELLE 2039 14/208909 4.62 / 5.36 X 29.29 / 28.73

132.8000 21-Feb-15 $1,250,000 1.3222-Jun-15

R1ELL

205 $787,500 $787,500 $596,000$5,930 $5,930 $4,488 1.32No

$787,500 $787,500 $596,000

133

Square MetresAC 1M

AJ603231

1922643 25 EWELL ST BALMAIN 2041 1/906976 1/913054 / X /

197.0000 22-May-15 $1,525,000 1.4920-Jul-15

R1ECC

205 $958,750 $958,750 $645,000$4,867 $4,867 $3,274 1.49No

$958,750 $958,750 $645,000

197

Sqm ImprovedAC 1M

AJ695453

1922658 VALMAP 5 EWENTON ST BALMAIN 2041 1/214811 6.78 / 6.53 X 43.48 / 41.4

271.9000 27-Apr-15 $1,900,000 1.2409-Jun-15

R1ECC

205 $1,470,500 $1,470,500 $1,190,000$5,408 $5,408 $4,377 1.24No

$1,470,500 $1,470,500 $1,190,000

272

Square MetresAC 1M

AJ564642

1922775 VALMAP 25 FALLS ST LEICHHARDT 2040 58/12/2279 6.1 / X 30.48

183.4000 13-Feb-15 $1,085,000 1.4017-Apr-15

R1EAS

205 $819,000 $819,000 $586,000$4,466 $4,466 $3,195 1.40No

$819,000 $819,000 $586,000

183

Square MetresAC 1M

AJ433004







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1922853 VALMAP 79 FERRIS ST ANNANDALE

2038 1/171315 9.51 / 10.15 X 15.24 / 15.29 IRREGULR

151.8000 30-May-15 $1,170,000 1.3913-Jul-15

R1EKK

205 $788,000 $788,000 $566,000$5,191 $5,191 $3,729 1.39No

$788,000 $788,000 $566,000

152

Square MetresAC 1M

AJ658668

1923217 VALMAP 17 FLOOD ST LEICHHARDT 2040 72/2/2829 6.1 / X 45.11 /

271.9000 09-May-15 $1,175,000 1.3519-Jun-15

R1EAS

205 $856,250 $856,250 $636,000$3,149 $3,149 $2,339 1.35No

$856,250 $856,250 $636,000

272

Square MetresAC 1M

AJ595860

1923261 VALMAP 105 FLOOD ST LEICHHARDT 2040 A/440360 6.88 / 7.01 X 34.37 / 34.75

241.9000 30-May-15 $1,190,000 1.3813-Jul-15

R1EAS

205 $878,000 $878,000 $636,000$3,630 $3,630 $2,629 1.38No

$878,000 $878,000 $636,000

242

Square MetresAC 1M

AJ668058

1923641 VALMAP 115 FOSTER ST LEICHHARDT 2040 52/660426 7.62 / 7.62 X 45.72 / 45.72

347.8000 16-Dec-14 $1,150,000 1.3716-Feb-15

R1EAS

205 $913,500 $913,500 $667,000$2,627 $2,627 $1,918 1.37No

$913,500 $913,500 $667,000

348

Square MetresAC 1M

AJ293035

1923705 VALMAP 12 FOSTER ST LEICHHARDT 2040 4/1135 6.1 / X 31.52 /

192.2700 15-Nov-14 $901,000 1.3223-Jan-15

R1EAS

205 $633,000 $633,000 $480,000$3,292 $3,292 $2,496 1.32No

$633,000 $633,000 $480,000

192

Square MetresAC 1M

AJ268131

1923738 VALMAP 37 FOUCART ST ROZELLE 2039 B/381412 6.71 / 6.63 X 26.21 / 26.03

170.7000 30-Jun-15 $1,260,000 1.4411-Aug-15

R1ELL

205 $895,500 $895,500 $623,000$5,246 $5,246 $3,650 1.44No

$895,500 $895,500 $623,000

171

Square MetresAC 1M

AJ748753

1923789 VALMAP 96 FOUCART ST ROZELLE 2039 1/797006 9.14 / X 24.38 /

223.0000 22-Apr-15 $1,350,000 1.3611-Jun-15

R1ELL

205 $1,060,000 $1,060,000 $779,000$4,753 $4,753 $3,493 1.36No

$1,060,000 $1,060,000 $779,000

223

Square MetresAC 1M

AJ575085

1923790 VALMAP 94 FOUCART ST ROZELLE 2039 3/3/977798 9.14 / X 24.38 /

222.8300 01-Nov-14 $1,232,000 1.2416-Dec-14

R1ELL

205 $965,000 $1,035,000 $779,000$4,331 $4,645 $3,496 1.33No

$965,000 $1,035,000 $779,000

223

Square MetresAC 1M

AJ124127

1923954 VALMAP 166 FRANCIS ST LILYFIELD 2040 5/4398 6.1 / X 30.48 /

185.9300 24-Nov-14 $950,000 1.3016-Jan-15

R1EAN

205 $723,000 $723,000 $558,000$3,889 $3,889 $3,001 1.30No

$723,000 $723,000 $558,000

186

Square MetresAC 1M

AJ209655







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1923968 VALMAP 124 FRANCIS ST LEICHHARDT

2040 27/1075370 7.742 / 7.742 X 30.48 / 30.48

233.9000 20-Feb-15 $1,062,000 1.3402-Apr-15

R1EAS

205 $849,100 $849,100 $636,000$3,630 $3,630 $2,719 1.34No

$849,100 $849,100 $636,000

234

Square MetresAC 1M

AJ410530

1924237 22 GEORGE ST LEICHHARDT 2040 6, 7, 8, 9/79950 10, 11, 12, 13/83665 1, 2/102461 1/104359 B/327352 5/ 1080665 15/1081840 1/1108695 / X /

1.0100 21-Mar-14 $47,100,000 0.0020-May-14

B4CZZ

205 $42,100,000 $42,100,000 $0$41,683,169 $41,683,169 $0 0.00No$42,100,000 $42,100,000 $0

1

Square MetresIF 1H

AI669807

1924352 34 GLADSTONE ST LILYFIELD 2040 48/3/547 1/568913 / X /

411.0000 28-Feb-15 $1,960,000 1.2810-Apr-15

R1EAN

205 $1,318,000 $1,318,000 $1,030,000$3,207 $3,207 $2,506 1.28No

$1,318,000 $1,318,000 $1,030,000

411

Square MetresAC 1M

AJ450592

1925454 VALMAP 8 GROVE ST BIRCHGROVE 2041 B/91029 11.71 / 11.94 X 15.24 /

177.0000 18-Jul-15 $1,450,000 1.2731-Aug-15

R1ECB

205 $1,177,000 $1,177,000 $924,000$6,650 $6,650 $5,220 1.27No

$1,177,000 $1,177,000 $924,000

177

Square MetresAC 1M

AJ792628

1925455 4 GROVE ST BIRCHGROVE 2041 1/730591 / X /

198.0000 13-May-15 $1,690,000 1.4231-Jul-15

R1ECB

205 $1,355,000 $1,355,000 $955,000$6,843 $6,843 $4,823 1.42No

$1,355,000 $1,355,000 $955,000

198

Square MetresAC 1M

AJ722822

1925673 VALMAP 11 HANOVER ST ROZELLE 2039 18/380 9.14 / X 24.08 /

220.0900 09-May-15 $1,380,000 1.2922-Jun-15

R1ELR

205 $1,211,500 $1,211,500 $939,000$5,505 $5,505 $4,266 1.29No

$1,211,500 $1,211,500 $939,000

220

Square MetresAC 1M

AJ606860

1925866 VALMAP 88 HAY ST LEICHHARDT 2040 1/205505 2086.71 / 6.45 X 48.16 / 48.08

303.5000 14-Aug-15 $1,200,000 1.3317-Sep-15

R1EAS

205 $894,000 $894,000 $672,000$2,946 $2,946 $2,214 1.33No

$894,000 $894,000 $672,000

304

Square MetresAC 1M

AJ847286

1926555 44 HIGH ST BALMAIN 2041 6/908843 3.58 / 3.23 X 27.7 / 27.91 IRREGULR

94.9000 04-Jul-15 $1,035,000 1.4310-Aug-15

R1ECC

205 $733,750 $733,750 $514,000$7,732 $7,732 $5,416 1.43No

$733,750 $733,750 $514,000

95

Square MetresAC 1M

AJ743940

1926613 3 HILL ST LEICHHARDT 2040 2, 3, 4/B/975061 / X /

557.5000 14-Oct-14 $1,850,000 1.2916-Dec-14

IN2DSS

205 $855,000 $855,000 $663,000$1,534 $1,534 $1,189 1.29No

$855,000 $855,000 $663,000

558

Square MetresIW 1M

AJ134775







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1926627 VALMAP 35 HILL ST LEICHHARDT 2040

26/1946 6.1 / X 33.53 / 231.3000 21-Feb-15 $1,000,000 1.32

04-May-15R1

EAS205 $779,100 $779,100 $590,000

$3,368 $3,368 $2,551 1.32No$779,100 $779,100 $590,000

231

Square MetresAC 1M

AJ528076

1926934 VALMAP 97 HUBERT ST LILYFIELD 2040 88/5/1162 10.06 IRREGULR / X 30.48 /

303.5000 05-Dec-14 $1,476,000 1.3227-Mar-15

R1EAN

205 $1,075,500 $1,075,500 $815,000$3,544 $3,544 $2,685 1.32No

$1,075,500 $1,075,500 $815,000

304

Square MetresAC 1M

AJ380977

1927316 VALMAP 142 JAMES ST LILYFIELD 2040 15/4/1162 6.1 / X 30.48 /

185.9300 06-Mar-15 $1,025,000 1.3817-Apr-15

R1EAN

205 $662,200 $662,200 $479,000$3,562 $3,562 $2,576 1.38No

$662,200 $662,200 $479,000

186

Square MetresAC 1M

AJ439232

1927351 VALMAP 62 A JAMES ST LEICHHARDT 2040 50/B/1663 5.08 / X 26.52 /

265.6000 27-Mar-15 $995,000 1.3612-Jun-15

R1EAS

205 $689,000 $689,000 $506,000$2,594 $2,594 $1,905 1.36No

$689,000 $689,000 $506,000

266

Square MetresAC 1M

AJ582056

1927382 1 JAMES ST LEICHHARDT 2040 67/A/1663 / X /

232.2600 13-Jun-15 $1,400,000 1.4608-Jul-15

R1EAS

205 $931,000 $931,000 $636,000$4,008 $4,008 $2,738 1.46No

$931,000 $931,000 $636,000

232

Square MetresAC 1M

AJ643806

1927383 VALMAP 3 JAMES ST LEICHHARDT 2040 66/A/1663 7.62 / X 30.48 /

232.2600 30-Jan-15 $1,150,000 1.3113-Mar-15

R1EAS

205 $833,100 $833,100 $636,000$3,587 $3,587 $2,738 1.31No

$833,100 $833,100 $636,000

232

Square MetresAC 1M

AJ362707

1927517 92 JARRETT ST LEICHHARDT 2040 42, 43/3/612 12.19 / 12.19 X 30.48 / 30.48

371.7000 23-Jul-14 $650,000 0.8523-Jul-14

B2CXX

205 $650,000 $650,000 $766,000$1,749 $1,749 $2,061 0.85No

$650,000 $650,000 $766,000

372

Square MetresBWI 1M

AJ138000

1927517 92 JARRETT ST LEICHHARDT 2040 42, 43/3/612 / X /

371.7000 23-Jul-14 $650,000 0.8523-Jul-14

B2CXX

205 $650,000 $650,000 $766,000$1,749 $1,749 $2,061 0.85No

$650,000 $650,000 $766,000

372

Square MetresBWI 1M

AJ137999

1927549 37 JOHN ST LEICHHARDT 2040 10/742 12.19 / CREEK X 69.49 / 67.59

771.4000 09-Jan-15 $1,250,000 1.1909-Jun-15

IN2DSS

205 $893,000 $893,000 $748,000$1,158 $1,158 $970 1.19No

$893,000 $893,000 $748,000

771

Square MetresIF 1M

AJ576255







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1927771 VALMAP 229 JOHNSTON ST

ANNANDALE 2038 1/945108 6.12 / 6.12 X 25.15 / 25.15

151.8000 30-May-15 $1,220,000 1.3926-Jun-15

R1EKK

205 $844,250 $844,250 $609,000$5,562 $5,562 $4,012 1.39No

$844,250 $844,250 $609,000

152

Square MetresAC 1M

AJ628721

1927962 VALMAP 144 JOHNSTON ST ANNANDALE 2038 3/908825 6.1 / X 57.91 /

347.8000 16-Dec-14 $1,890,000 1.4006-Feb-15

R1EKK

205 $1,198,000 $1,198,000 $856,000$3,445 $3,445 $2,461 1.40No

$1,198,000 $1,198,000 $856,000

348

Square MetresAC 1M

AJ263402

1928020 64 JOHNSTON ST ANNANDALE 2038 1/368021 / X /

392.0000 19-Mar-15 $2,100,000 1.4719-Aug-15

R1EKK

205 $1,407,500 $1,407,500 $958,000$3,591 $3,591 $2,444 1.47No

$1,407,500 $1,407,500 $958,000

392

Square MetresAC 1M

AJ881610

1928280 VALMAP 48 JUSTIN ST LILYFIELD 2040 132, 133/C/1474 9.75 / X 30.48 /

594.4000 23-May-15 $1,705,000 1.3503-Jul-15

R1EAN

205 $1,345,000 $1,345,000 $1,000,000$2,263 $2,263 $1,682 1.35No

$1,345,000 $1,345,000 $1,000,000

594

Square MetresAC 1M

AJ648927

1928341 13 KALGOORLIE ST LEICHHARDT 2040 15/B/3341 / X /

177.0000 18-Jul-15 $870,000 1.2931-Aug-15

R1EAS

205 $727,750 $727,750 $562,000$4,112 $4,112 $3,175 1.29No

$727,750 $727,750 $562,000

177

Square MetresAC 1M

AJ850033

1928408 1 KENNIFF ST ROZELLE 2039 B/383093 12.24 / 9.91 X 15.42 / IRREGULR

158.1000 28-Feb-15 $1,140,000 1.3227-Apr-15

R1ELL

205 $902,000 $902,000 $682,000$5,705 $5,705 $4,314 1.32No

$902,000 $902,000 $682,000

158

Square MetresAC 1M

AJ448752

1928858 VALMAP 7 LEICHHARDT ST LEICHHARDT 2040 B/307793 6.1 / 6.1 X 36.17 / 36.09

215.0000 25-Mar-15 $1,150,000 1.3906-May-15

R1EAS

205 $743,500 $743,500 $535,000$3,458 $3,458 $2,488 1.39No

$743,500 $743,500 $535,000

215

Square MetresAC 1M

AJ495105

1928924 59 LILYFIELD RD ROZELLE 2039 1/86613 / X /

461.6000 27-Feb-15 $900,000 0.7105-Mar-15

R1EHH

205 $900,000 $900,000 $1,260,000$1,950 $1,950 $2,730 0.71No

$900,000 $900,000 $1,260,000

462

Square MetresIFI 1M

AJ391687

1928968 VALMAP 141 LILYFIELD RD LILYFIELD 2040 1/668747 7.62 IRREGULR / 8.895 X 38.23 / 36.905

322.5000 13-Dec-14 $1,170,000 1.3311-Feb-15

R1EAN

205 $839,500 $839,500 $630,000$2,603 $2,603 $1,953 1.33No

$839,500 $839,500 $630,000

322

Square MetresAC 1M

AJ272882







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1929087 VALMAP 132 LILYFIELD RD LILYFIELD

2040 1/923940 11.58 / 11.58 X 38.8 / 38.84

442.6000 18-Mar-15 $1,781,500 1.3710-Jun-15

R1EAN

205 $1,224,500 $1,224,500 $897,000$2,767 $2,767 $2,027 1.37No

$1,224,500 $1,224,500 $897,000

443

Square MetresAC 1M

AJ574338

1929964 VALMAP 39 MACKENZIE ST ROZELLE 2039 A/107419 4.5 / 4.39 X 26.21 /

113.8000 20-Dec-14 $945,000 1.2102-Feb-15

R1ELR

205 $675,000 $700,000 $560,000$5,931 $6,151 $4,921 1.25No

$675,000 $700,000 $560,000

114

Square MetresAC 1M

AJ245989

1929965 VALMAP 41 MACKENZIE ST ROZELLE 2039 1/952626 9.88 / 9.65 X 26.24 / 26.21

252.9000 08-May-15 $1,550,000 1.3331-Jul-15

R1ELR

205 $1,186,000 $1,186,000 $889,000$4,690 $4,690 $3,515 1.33No

$1,186,000 $1,186,000 $889,000

253

Square MetresAC 1M

AJ731587

1930052 VALMAP 21 MACQUARIE TCE BALMAIN 2041 71/867169 6.155 / 6.09 X 27.275 / 28.32

169.2000 23-May-15 $1,360,000 1.4117-Aug-15

R1ECC

205 $1,056,500 $1,056,500 $750,000$6,244 $6,244 $4,433 1.41No

$1,056,500 $1,056,500 $750,000

169

Square MetresAC 1M

AJ754743

1930213 VALMAP 61 MANSFIELD ST ROZELLE 2039 1/575903 3.36 / 4.47 X 24.71 IRREGULR / 14.62

64.1000 29-Nov-14 $830,000 1.2312-Jan-15

R1ELR

205 $600,000 $630,000 $487,000$9,360 $9,828 $7,598 1.29No

$600,000 $630,000 $487,000

64

Square MetresAC 1M

AJ245875

1930441 134 MARION ST LEICHHARDT 2040 2/529096 4.77 / 4.82 IRREGULR X 33.55 IRREGULR / 33.42 IRREGULR

158.1000 07-Jul-15 $1,110,000 1.1521-Aug-15

B2CFF

205 $545,000 $545,000 $473,000$3,447 $3,447 $2,992 1.15No

$545,000 $545,000 $473,000

158

Square MetresBF 1M

AJ798935

1931060 33 MOORE ST LEICHHARDT 2040 17/1/3001 / X /

413.7000 11-May-14 $750,000 1.4408-Jul-14

IN2DSS

205 $750,000 $750,000 $520,000$1,813 $1,813 $1,257 1.44No

$750,000 $750,000 $520,000

414

Square MetresIWI 1M

AI736964

1931355 VALMAP 3 MULLENS ST BALMAIN 2041 1/103377 11.53 / X 29.26 /

337.3700 28-Mar-15 $1,311,000 1.3311-May-15

R1ECC

205 $1,082,250 $1,082,250 $816,000$3,208 $3,208 $2,419 1.33No

$1,082,250 $1,082,250 $816,000

337

Square MetresAC 1M

AJ493757

1931358 VALMAP 9 MULLENS ST BALMAIN 2041 1/904010 9.14 / 9.14 X 29.57 / 29.57

270.2700 04-Dec-14 $1,365,000 1.3215-Jan-15

R1ECC

205 $1,037,000 $1,037,000 $788,000$3,837 $3,837 $2,916 1.32No

$1,037,000 $1,037,000 $788,000

270

Square MetresAC 1M

AJ207958







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1931394 75 MULLENS ST BALMAIN 2041

1/65625 / X / 208.7000 30-Nov-14 $1,945,000 1.39

29-Jan-15R1

EHH205 $1,000,000 $1,000,000 $719,000

$4,792 $4,792 $3,445 1.39No$1,000,000 $1,000,000 $719,000

209

Square MetresAC 1M

AJ270786

1931398 VALMAP 83 MULLENS ST BALMAIN 2041 2/216914 3.96 / 5.41 X 26.39 IRREGULR / 26.77 IRREGULR

113.8000 23-May-15 $1,015,000 1.3804-Aug-15

R1ECC

205 $719,250 $719,250 $522,000$6,320 $6,320 $4,587 1.38No

$719,250 $719,250 $522,000

114

Square MetresAC 1M

AJ716254

1931437 VALMAP 169 MULLENS ST ROZELLE 2039 4/2/192026 10.06 / 11.885 X 33.885 / 35.05

379.3800 13-Jun-15 $1,425,000 1.3710-Aug-15

R1ELR

205 $1,122,000 $1,122,000 $819,000$2,957 $2,957 $2,159 1.37No

$1,122,000 $1,122,000 $819,000

379

Square MetresAC 1M

AJ753257

1931546 VALMAP 9 MYRTLE ST LEICHHARDT 2040 A/387222 4.83 / 5.72 X 45.14 / 45.19

240.3000 20-Jun-15 $1,205,000 1.4131-Jul-15

R1EAS

205 $855,000 $855,000 $606,000$3,558 $3,558 $2,522 1.41No

$855,000 $855,000 $606,000

240

Square MetresAC 1M

AJ722292

1931776 219 NELSON ST ANNANDALE 2038 46, 47/23/1865 / X /

429.3000 04-Jul-15 $2,520,000 1.3914-Aug-15

R1EKK

205 $1,945,000 $1,945,000 $1,400,000$4,531 $4,531 $3,261 1.39No

$1,945,000 $1,945,000 $1,400,000

429

Square MetresAC 1M

AJ756154

1931784 VALMAP 241 NELSON ST ANNANDALE 2038 58/23/1865 5.03 / X 42.67 /

214.6300 15-Aug-15 $1,425,000 1.3827-Oct-15

R1EKK

205 $1,143,000 $1,143,000 $826,000$5,325 $5,325 $3,848 1.38No

$1,143,000 $1,143,000 $826,000

215

Square MetresAC 1M

AJ948161

1931878 VALMAP 216 NELSON ST ANNANDALE 2038 C/349737 4.93 / 4.85 X 54.25 /

263.6000 15-Nov-14 $1,425,000 1.3912-Feb-15

R1EKK

205 $1,104,500 $1,104,500 $797,000$4,190 $4,190 $3,024 1.39No

$1,104,500 $1,104,500 $797,000

264

Square MetresAC 1M

AJ297306

1931883 VALMAP 206 NELSON ST ANNANDALE 2038 B/25347 4.62 / 4.19 X 54.33 / 54.33

252.9000 07-Apr-15 $1,350,000 1.3515-May-15

R1EKK

205 $973,250 $973,250 $723,000$3,848 $3,848 $2,859 1.35No

$973,250 $973,250 $723,000

253

Square MetresAC 1M

AJ541175

1932106 VALMAP 79 NELSON ST ROZELLE 2039 2/583221 4.96 / 4.5 X 30.86 / 31.16 IRREGULR

149.8000 22-May-15 $990,000 1.3022-Jun-15

R1ELR

205 $818,500 $818,500 $628,000$5,464 $5,464 $4,192 1.30No

$818,500 $818,500 $628,000

150

Square MetresAC 1M

AJ611863







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1932200 VALMAP 40 NICHOLSON ST BALMAIN

EAST 2041 1/624991 NSW Maritime 7973 9.17 / 9.15 X 49.57 / 50.07

529.5000 01-May-15 $4,700,000 1.4010-Jun-15

R1EEE

205 $3,354,000 $3,354,000 $2,390,000$6,334 $6,334 $4,514 1.40No

$3,354,000 $3,354,000 $2,390,000

530

Square MetresAC 1M

AJ576871

1932693 47 NORTON ST LEICHHARDT 2040 1/538629 / X /

860.0000 18-Sep-14 $4,793,750 1.2130-Oct-14

B2CVV

205 $3,509,750 $3,509,750 $2,890,000$4,081 $4,081 $3,360 1.21No

$3,509,750 $3,509,750 $2,890,000

860

Square MetresBC 1M

AJ21804

1932713 139 NORTON ST LEICHHARDT 2040 A/102036 / X /

208.7000 03-Oct-14 $1,668,000 1.1414-Nov-14

B2CFF

205 $950,000 $950,000 $833,000$4,552 $4,552 $3,991 1.14No

$950,000 $950,000 $833,000

209

Square MetresBA 1M

AJ73128


158.1000 24-Nov-14 $1,270,000 1.1023-Dec-14

B2CFF

205 $795,000 $795,000 $720,000$5,028 $5,028 $4,554 1.10No

$795,000 $795,000 $720,000

158

Square MetresBAH 1M

AJ280165

1932730 173 NORTON ST LEICHHARDT 2040 12/2/183 18.29 / 18.29 X 37.95 / 37.95

689.2000 04-Mar-14 $2,500,000 1.0404-Sep-14

B2CVV

205 $2,500,000 $3,000,000 $2,410,000$3,627 $4,353 $3,497 1.24No

$138,889 $166,667 $133,889

38

Square MetresBS 18M

AJ54879

1932757 235 NORTON ST LEICHHARDT 2040 Y/390523 / X /

227.6000 26-Jun-15 $1,150,500 1.4118-Aug-15

R1EAS

205 $755,500 $755,500 $535,000$3,319 $3,319 $2,351 1.41No

$755,500 $755,500 $535,000

228

Square MetresAC 1M

AJ805554

1932789 376 NORTON ST LILYFIELD 2040 1/738469 / X /

151.6000 20-Jun-15 $885,000 1.2907-Aug-15

B2CFF

205 $500,000 $500,000 $388,000$3,298 $3,298 $2,559 1.29No

$500,000 $500,000 $388,000

152

Square MetresBA 1M

AJ741442

1932793 364 NORTON ST LILYFIELD 2040 8/3/1162 10.06 / X 30.48

306.6300 28-Feb-15 $1,650,000 1.1012-Jun-15

B2CFF

205 $875,000 $875,000 $795,000$2,854 $2,854 $2,593 1.10No

$875,000 $875,000 $795,000

307

Square MetresBO 1M

AJ618732

1932819 322 NORTON ST LEICHHARDT 2040 27, 28/3/1162 / X /

607.0200 17-Jul-15 $2,400,000 1.0107-Aug-15

B2CVV

205 $1,970,000 $2,170,000 $1,950,000$3,245 $3,575 $3,212 1.11No

$1,970,000 $2,170,000 $1,950,000

607

Square MetresBA 1M

AJ723266







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1932823 306 NORTON ST LEICHHARDT

2040 3/222451 / X / 202.3000 16-Aug-14 $910,000 1.25

23-Feb-15B2

CXX205 $595,500 $595,500 $476,000

$2,944 $2,944 $2,353 1.25No$595,500 $595,500 $476,000

202

Square MetresAC 1M

AJ298142

1932836 VALMAP 268 NORTON ST LEICHHARDT 2040 C/393340 5.61 / IRREGULR X 30.48 / 31.06

170.7000 27-Apr-15 $1,043,000 1.3909-Jun-15

R1EAS

205 $702,000 $702,000 $506,000$4,112 $4,112 $2,964 1.39No

$702,000 $702,000 $506,000

171

Square MetresAC 1M

AJ578138

1932862 212 NORTON ST LEICHHARDT 2040 4/A/1663 7.62 / X 30.48 /

232.2600 21-Jan-15 $1,560,000 1.2806-Mar-15

B2CFF

205 $770,000 $770,000 $602,000$3,315 $3,315 $2,592 1.28No

$770,000 $770,000 $602,000

232

Square MetresBA 1M

AJ313155

1932875 172 A NORTON ST LEICHHARDT 2040 1/513407 / X /

44.6520 24-Mar-14 $775,000 1.1705-May-14

B2CFF

205 $350,000 $350,000 $298,000$7,838 $7,838 $6,674 1.17No

$350,000 $350,000 $298,000

45

Square MetresBS 1M

AI560067


113.8000 21-Aug-14 $820,000 1.0011-Nov-14

B2CFF

205 $523,000 $573,000 $523,000$4,596 $5,035 $4,596 1.10No

$523,000 $573,000 $523,000

114

Square MetresBA 1M

AJ258540

1932887 144 NORTON ST LEICHHARDT 2040 B/300939 / X /

189.4500 11-Jul-14 $1,045,000 1.0219-Sep-14

B2CFF

205 $780,000 $880,000 $761,000$4,117 $4,645 $4,017 1.16No

$780,000 $880,000 $761,000

189

Square MetresBS 1M

AI909202

1932889 138 NORTON ST LEICHHARDT 2040 2/223016 5.56 / 5.79 X 43.15 IRREGULR / 42.6

246.6000 13-Jun-15 $1,608,000 1.1929-Jun-15

B2CFF

205 $1,025,000 $1,025,000 $859,000$4,157 $4,157 $3,483 1.19No

$1,025,000 $1,025,000 $859,000

247

Square MetresBA 1M

AJ649430


271.7500 25-Nov-14 $1,250,000 0.7330-Jan-15

B2CFF

205 $755,000 $1,105,000 $1,030,000$2,778 $4,066 $3,790 1.07No

$755,000 $1,105,000 $1,030,000

272

Square MetresBF 1M

AJ240737


170.8000 23-Jul-14 $1,050,000 1.0803-Sep-14

B2CFF

205 $715,000 $765,000 $661,000$4,186 $4,479 $3,870 1.16No

$715,000 $765,000 $661,000

171

Square MetresBS 1M

AI896703







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1933012 VALMAP 15 O'NEILL ST LILYFIELD 2040

8/H/1474 5.03 / 4.9 X 36.33 / 35.815

170.7000 25-Nov-14 $950,000 1.3018-Dec-14

R1EAN

205 $728,000 $728,000 $558,000$4,265 $4,265 $3,269 1.30No

$728,000 $728,000 $558,000

171

Square MetresAC 1M

AJ177339

1933060 VALMAP 1 PADSTOW ST ROZELLE 2039 10/216857 13.035 / 15.8 X 14.472 / 14.656

208.6000 07-Feb-15 $1,200,000 1.3520-Mar-15

R1ELL

205 $918,000 $918,000 $682,000$4,401 $4,401 $3,269 1.35No

$918,000 $918,000 $682,000

209

Square MetresAC 1M

AJ371014

1933259 VALMAP 98 PALMER ST BALMAIN 2041 C/105931 5.42 / 5.48 X 22.67 IRREGULR / 18.92 IRREGULR

88.5000 01-Jul-15 $1,250,000 1.4720-Aug-15

R1ECC

205 $822,500 $822,500 $558,000$9,294 $9,294 $6,305 1.47No

$822,500 $822,500 $558,000

88

Square MetresAC 1M

AJ769202

1933323 VALMAP 20 PARK ST ROZELLE 2039 1/532693 5.03 / X 25.4 /

120.1000 29-Jun-15 $1,045,000 1.4310-Aug-15

R1ELL

205 $792,300 $792,300 $555,000$6,597 $6,597 $4,621 1.43No

$792,300 $792,300 $555,000

120

Square MetresAC 1M

AJ740908

1933375 503 PARRAMATTA RD LEICHHARDT 2040 3/220054 / X /

151.8000 13-Feb-15 $420,000 0.6619-May-15

B2CMM

205 $145,000 $145,000 $219,000$955 $955 $1,443 0.66No

$145,000 $145,000 $219,000

152

Square MetresBAI 1M

AJ498837

1933390 463 PARRAMATTA RD LEICHHARDT 2040 1, 2/3/612 1/551353 12.32 / 12.19 X 37.29 / 36.68

449.7000 29-Apr-14 $2,860,000 1.1910-Jun-14

B2CVV

205 $1,610,000 $1,710,000 $1,350,000$3,580 $3,803 $3,002 1.27No

$1,610,000 $1,710,000 $1,350,000

450

Square MetresBH 1M

AI740095

1933402 417 PARRAMATTA RD LEICHHARDT 2040 1/2/612 / X /

221.3000 16-Sep-14 $1,675,000 1.2328-Oct-14

B2CMM

205 $740,000 $740,000 $604,000$3,344 $3,344 $2,729 1.23No

$740,000 $740,000 $604,000

221

Square MetresBA 1M

AJ63079

1933452 281 PARRAMATTA RD LEICHHARDT 2040 281/624739 6.08 / 5.06 X 26.8 IRREGULR / 26.92 IRREGULR

138.4000 24-Oct-14 $1,000,000 1.3005-Dec-14

B2CMM

205 $480,000 $480,000 $370,000$3,468 $3,468 $2,673 1.30No

$480,000 $480,000 $370,000

138

Square MetresBA 1M

AJ283058

1933530 107 PARRAMATTA RD ANNANDALE 2038 5A/33479 / X /

171.0000 29-Jul-14 $700,000 0.9102-Sep-14

B2CMM

205 $335,000 $435,000 $368,000$1,959 $2,544 $2,152 1.18No

$335,000 $435,000 $368,000

171

Square MetresBA 1M

AI916714







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1933544 75 PARRAMATTA RD

ANNANDALE 2038 9/1023 / X / 285.0000 27-Jun-14 $2,578,000 2.86

19-Sep-14B2

CMM205 $1,100,000 $900,000 $384,000

$3,860 $3,158 $1,347 2.34No$84,615 $69,231 $29,538

22

Square MetresAB 13M

AJ68133

1933565 17 PARRAMATTA RD ANNANDALE 2038 1/40/814 / X /

581.7000 10-Mar-15 $5,100,000 4.4321-Apr-15

B2CVV

205 $5,100,000 $5,100,000 $1,150,000$8,767 $8,767 $1,977 4.43No

$5,100,000 $5,100,000 $1,150,000

582BH 1M

AJ507522

1933622 198 PARRAMATTA RD CAMPERDOWN 2050 1, 2/91429 / X /

1,106.6000 05-Aug-14 $3,650,000 1.4503-Nov-14

IN2DML

205 $2,075,000 $2,075,000 $1,430,000$1,875 $1,875 $1,292 1.45No

$2,075,000 $2,075,000 $1,430,000

1107

Square MetresBG 1M

AJ132409

1933857 VALMAP 11 PERCY ST ROZELLE 2039 8/228190 9.14 / X 41.35 /

347.8000 28-Feb-15 $1,475,000 1.3501-May-15

R1ELL

205 $1,181,750 $1,181,750 $878,000$3,398 $3,398 $2,524 1.35No

$1,181,750 $1,181,750 $878,000

348

Square MetresAC 1M

AJ474048

1933935 VALMAP 55 PERRY ST LILYFIELD 2040 6/10482 12.19 / X 36.58 /

445.9100 20-Jun-15 $1,600,000 1.3724-Aug-15

R1EAN

205 $1,303,000 $1,303,000 $951,000$2,922 $2,922 $2,133 1.37No

$1,303,000 $1,303,000 $951,000

446

Square MetresAC 1M

AJ788180

1934002 VALMAP 98 PHILLIP ST BIRCHGROVE 2041 1/211064 5.08 / 4.93 X 24.26 /

120.1000 31-Mar-15 $1,080,000 1.3612-May-15

R1ECB

205 $861,250 $861,250 $632,000$7,171 $7,171 $5,262 1.36No

$861,250 $861,250 $632,000

120

Square MetresAC 1M

AJ498896

1934017 VALMAP 58 PHILLIP ST BIRCHGROVE 2041 1/520940 7.32 / 6.91 IRREGULR X 25.4 IRREGULR / 25.15

177.0000 20-Feb-15 $1,185,000 1.3515-May-15

R1ECB

205 $962,000 $962,000 $714,000$5,435 $5,435 $4,034 1.35No

$962,000 $962,000 $714,000

177

Square MetresAC 1M

AJ517062

1934124 VALMAP 72 PIPER ST LILYFIELD 2040 3/A/4725 9.14 / 9.12 X 37.06 / 37.29

335.1000 18-Apr-15 $1,340,000 1.2701-Jun-15

R1EAN

205 $1,008,950 $1,008,950 $796,000$3,011 $3,011 $2,375 1.27No

$1,008,950 $1,008,950 $796,000

335

Square MetresAC 1M

AJ548118

1934206 71 PIPER ST LILYFIELD 2040 73/1048123 / X /

581.7000 21-May-15 $2,425,000 1.2816-Jul-15

R1EAN

205 $1,705,000 $1,705,000 $1,330,000$2,931 $2,931 $2,286 1.28No

$1,705,000 $1,705,000 $1,330,000

582

Square MetresAC 1M

AJ666965







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1934290 VALMAP 20 PRITCHARD ST ANNANDALE

2038 25/C/2063 16.65 / 10.72 X 24.49 / 39.35

328.8000 06-Dec-14 $1,460,000 1.2119-Jan-15

R1EKK

205 $1,102,500 $1,202,500 $913,000$3,353 $3,657 $2,777 1.32No

$1,102,500 $1,202,500 $913,000

329

Square MetresAC 1M

AJ239397

1934297 VALMAP 6 PRITCHARD ST ANNANDALE 2038 85/5547 6.1 / 6.1 X 30.1 / 30.21

183.4000 25-Jul-15 $1,330,000 1.3904-Sep-15

R1EKK

205 $1,047,500 $1,047,500 $753,000$5,712 $5,712 $4,106 1.39No

$1,047,500 $1,047,500 $753,000

183

Square MetresAC 1M

AJ814910

1934353 VALMAP 5 PROSPER ST ROZELLE 2039 19/710792 8.54 / 8.62 X 27.48 / 27.43

236.4000 01-May-15 $1,777,778 1.3428-May-15

R1ELR

205 $1,154,278 $1,154,278 $859,000$4,883 $4,883 $3,634 1.34No

$1,154,278 $1,154,278 $859,000

236

Square MetresAC 1M

AJ547140

1934525 VALMAP 14 RAILWAY PDE ANNANDALE 2038 1/441152 5.44 / 5.69 X 35.97 / 36.58

196.0000 11-Apr-15 $1,130,000 1.3509-Jun-15

R1EKK

205 $807,500 $807,500 $598,000$4,120 $4,120 $3,051 1.35No

$807,500 $807,500 $598,000

196

Square MetresAC 1M

AJ580602

1934629 30 RED LION ST ROZELLE 2039 A/439045 9.22 / X 13.82 /

127.4200 23-Feb-15 $1,088,000 1.3610-Apr-15

R1ELL

205 $759,000 $759,000 $557,000$5,957 $5,957 $4,371 1.36No

$759,000 $759,000 $557,000

127

Square MetresAC 1M

AJ405318

1934675 VALMAP 26 REDMOND ST LEICHHARDT 2040 14/72188 12.19 / X 31.32 / 30.48

373.1000 11-May-15 $1,350,000 1.3314-Sep-15

R1EAS

205 $1,159,000 $1,159,000 $874,000$3,106 $3,106 $2,343 1.33No

$1,159,000 $1,159,000 $874,000

373

Square MetresAC 1M

AJ836223

1934809 VALMAP 27 REUSS ST BIRCHGROVE 2041 2/558902 4.56 / 4.74 X 30.34 IRREGULR / 27.5 IRREGULR

128.0000 06-Dec-14 $1,150,000 1.2616-Jan-15

R1ECB

205 $817,250 $817,250 $650,000$6,385 $6,385 $5,078 1.26No

$817,250 $817,250 $650,000

128

Square MetresAC 1M

AJ201685

1934993 VALMAP 12 RIVER ST BIRCHGROVE 2041 21/422 10.21 / HWM X 31.09 / 33.22

265.6000 28-Feb-15 $3,575,000 1.2809-Apr-15

R1EEE

205 $2,801,000 $2,801,000 $2,180,000$10,546 $10,546 $8,208 1.28No

$2,801,000 $2,801,000 $2,180,000

266

Square MetresAC 1M

AJ388708

1935071 38 ROFE ST LEICHHARDT 2040 7/659427 / X /

94.9000 15-Jul-15 $896,000 1.3228-Aug-15

R1EAS

205 $575,000 $575,000 $435,000$6,059 $6,059 $4,584 1.32No

$575,000 $575,000 $435,000

95

Square MetresAC 1M

AJ792314







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1935134 VALMAP 37 ROSE ST ANNANDALE 2038

A/440854 4.17 / 3.89 X 18.77 / 18.64

75.9000 20-Nov-14 $870,000 1.3514-Jan-15

R1EKK

205 $615,500 $615,500 $456,000$8,109 $8,109 $6,008 1.35No

$615,500 $615,500 $456,000

76

Square MetresAC 1M

AJ207552

1935252 VALMAP 15 ROSEBERRY ST BALMAIN 2041 C/446754 3.66 / 4.67 IRREGULR X 24.96 / 23.82 IRREGULR

88.5000 05-Dec-14 $1,082,000 1.4019-Jan-15

R1ECC

205 $816,000 $816,000 $583,000$9,220 $9,220 $6,588 1.40No

$816,000 $816,000 $583,000

88

Square MetresAC 1M

AJ315817

1935261 VALMAP 33 ROSEBERRY ST BALMAIN 2041 1/946891 6.1 / 6.1 X 32.87 / 32.82

196.0000 30-May-15 $1,330,000 1.3907-Aug-15

R1ECC

205 $993,500 $993,500 $715,000$5,069 $5,069 $3,648 1.39No

$993,500 $993,500 $715,000

196

Square MetresAC 1M

AJ750680

1935530 VALMAP 61 ROWNTREE ST BIRCHGROVE 2041 B/447149 4.88 / X 22.56 /

110.0900 07-Aug-15 $1,078,000 1.3806-Nov-15

R1ECB

205 $859,500 $859,500 $625,000$7,807 $7,807 $5,677 1.38No

$859,500 $859,500 $625,000

110

Square MetresAC 1M

AJ977989

1935550 VALMAP 109 ROWNTREE ST BIRCHGROVE 2041 1/777689 4.78 / 5.03 X 21.22 / 22.54

108.4000 14-May-15 $1,450,000 1.4123-Jul-15

R1ECB

205 $914,000 $914,000 $649,000$8,432 $8,432 $5,987 1.41No

$914,000 $914,000 $649,000

108

Square MetresAC 1M

AJ697010

1935598 217 ROWNTREE ST BIRCHGROVE 2041 B/913700 / X /

94.9000 23-May-15 $1,540,000 1.4007-Jul-15

R1ECB

205 $887,500 $887,500 $636,000$9,352 $9,352 $6,702 1.40No

$887,500 $887,500 $636,000

95

Square MetresAC 1M

AJ725377

1935660 VALMAP 18 ROWNTREE ST BALMAIN 2041 A/442809 5.3 / 5.3 X 27.43 / 27.43

132.8000 09-Mar-15 $1,350,000 1.4317-Apr-15

R1ECC

205 $897,500 $897,500 $628,000$6,758 $6,758 $4,729 1.43No

$897,500 $897,500 $628,000

133

Square MetresAC 1M

AJ423390

1935666 2 A ROWNTREE ST BALMAIN 2041 1/225095 / X /

1,375.0000 05-Dec-14 $17,500,000 1.8124-Jun-15

B2CVV

205 $6,650,000 $6,650,000 $3,670,000$4,836 $4,836 $2,669 1.81No

$221,667 $221,667 $122,333

46

Square MetresBC 30M

AJ659926

1935681 VALMAP 4 RUMSAY ST ROZELLE 2039 2/110164 3.72 / 3.72 X 17.2 / 17.25

56.9000 06-Dec-14 $860,000 1.3716-Jan-15

R1ELR

205 $587,000 $587,000 $430,000$10,316 $10,316 $7,557 1.37No$587,000 $587,000 $430,000

57

Square MetresAC 1M

AJ209954







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1936266 25 SHORT ST BALMAIN 2041

2/1166593 / X / 140.1000 17-Jun-15 $1,610,000 1.45

07-Aug-15R1

ECC205 $942,500 $942,500 $649,000

$6,727 $6,727 $4,632 1.45No$942,500 $942,500 $649,000

140

Square MetresAC 1M

AJ729084

1936390 VALMAP 34 SHORT ST BALMAIN 2041 B/160271 4.78 / 4.7 X 20.42 / 20.37

101.2000 04-Dec-14 $1,140,000 1.4029-Jan-15

R1ECC

205 $849,500 $849,500 $606,000$8,394 $8,394 $5,988 1.40No

$849,500 $849,500 $606,000

101

Square MetresAC 1M

AJ256421

1936467 VALMAP 5 SIMMONS ST BALMAIN EAST 2041 1/59761 1/117800 10.06 / 10.06 X 60.83 / 61.25

607.0000 01-Nov-14 $6,560,000 1.4301-May-15

R1EEE

205 $5,275,000 $5,275,000 $3,700,000$8,690 $8,690 $6,096 1.43No

$5,275,000 $5,275,000 $3,700,000

607

Square MetresAC 1M

AJ483866

1936639 VALMAP 51 SOUTH AVE LEICHHARDT 2040 E/32916 4.97 / 4.83 X 32.09 IRREGULR / 32.14 IRREGULR

158.1000 18-Apr-15 $1,070,000 1.3525-May-15

R1EAS

205 $773,250 $773,250 $573,000$4,891 $4,891 $3,624 1.35No

$773,250 $773,250 $573,000

158

Square MetresAC 1M

AJ533805

1936819 VALMAP 26 STARLING ST LILYFIELD 2040 40/667358 9.86 / 9.91 X 30.02 / 30.07

297.2000 28-Mar-15 $1,540,000 1.3501-May-15

R1EAN

205 $1,139,750 $1,139,750 $845,000$3,835 $3,835 $2,843 1.35No

$1,139,750 $1,139,750 $845,000

297

Square MetresAC 1M

AJ473581

1936822 18 STARLING ST LILYFIELD 2040 C/358965 / X /

242.5600 29-Oct-14 $1,145,000 1.1810-Dec-14

R1EAN

205 $843,500 $903,500 $716,000$3,477 $3,725 $2,952 1.26No

$843,500 $903,500 $716,000

243

Square MetresAC 1M

AJ119551

1936823 VALMAP 16 STARLING ST LILYFIELD 2040 B/358965 7.39 / 7.06 X 30.02 /

259.3000 09-May-15 $1,210,000 1.2922-Jun-15

R1EAN

205 $897,500 $897,500 $697,000$3,461 $3,461 $2,688 1.29No

$897,500 $897,500 $697,000

259

Square MetresAC 1M

AJ593803

1936841 VALMAP 8 STEPHEN ST BALMAIN 2041 1/1001904 10.34 / 9.83 X 27.44 IRREGULR / 27.45 IRREGULR

277.9000 14-Feb-15 $1,660,000 1.3327-Mar-15

R1ECC

205 $1,326,000 $1,326,000 $1,000,000$4,772 $4,772 $3,598 1.33No

$1,326,000 $1,326,000 $1,000,000

278

Square MetresAC 1M

AJ372375

1936877 VALMAP 5 STEPHEN ST BALMAIN 2041 1/744964 8.23 / 8.23 X 18.6 / 18.6

151.8000 23-May-15 $1,020,000 1.4322-Jun-15

R1ECC

205 $1,020,000 $1,020,000 $712,000$6,719 $6,719 $4,690 1.43No

$1,020,000 $1,020,000 $712,000

152

Square MetresAV 1M

AJ620576







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1937014 VALMAP 65 STYLES ST LEICHHARDT

2040 1/782108 5.13 / 5.995 X 21.285 / 18.9

99.4800 04-May-15 $837,000 1.3529-Jun-15

R1EAS

205 $553,000 $553,000 $410,000$5,559 $5,559 $4,121 1.35No

$553,000 $553,000 $410,000

99

Square MetresAC 1M

AJ652648

1937297 21 TEBBUTT ST LEICHHARDT 2040 3/104535 6.1 / 6.1 X 45.72 / 45.72

278.9000 01-Oct-14 $850,000 1.1812-Nov-14

IN2DSS

205 $568,000 $618,000 $481,000$2,037 $2,216 $1,725 1.28No

$568,000 $618,000 $481,000

279

Square MetresAC 1M

AJ49864

1937390 130 TERRY ST ROZELLE 2039 9/165 / X /

306.6000 05-Jun-15 $1,610,000 2.4517-Jul-15

IN2DXX

205 $1,185,000 $785,000 $483,000$3,865 $2,560 $1,575 1.63No

$1,185,000 $785,000 $483,000

307

Square MetresAC 1M

AJ669810

1937428 VALMAP 54 TERRY ST ROZELLE 2039 1/794609 6.42 / 8.45 X 26.25 / 25.29

183.4000 15-Aug-15 $1,380,000 1.2725-Sep-15

R1ELR

205 $1,112,000 $1,112,000 $874,000$6,063 $6,063 $4,766 1.27No

$1,112,000 $1,112,000 $874,000

183

Square MetresAC 1M

AJ880990

1937448 12 TERRY ST BALMAIN 2041 52/2015 / X /

177.0000 21-May-15 $2,150,000 1.4817-Jul-15

R1ECC

205 $1,432,250 $1,432,250 $968,000$8,092 $8,092 $5,469 1.48No

$1,432,250 $1,432,250 $968,000

177

Square MetresAC 1M

AJ672544

1937558 VALMAP 5 THE AVENUE BALMAIN EAST 2041 2/867946 6.1 / 6.1 X 23.83 / 23.42

144.3000 05-Mar-15 $1,850,000 1.3916-Apr-15

R1ECC

205 $1,305,000 $1,305,000 $942,000$9,044 $9,044 $6,528 1.39No

$1,305,000 $1,305,000 $942,000

144

Square MetresAC 1M

AJ425174

1937720 VALMAP 5 THOMAS ST BIRCHGROVE 2041 81/572499 5.03 / 5.17 X 19.43 / 19.21

99.0000 31-Oct-14 $960,000 1.2712-Dec-14

R1ECB

205 $667,000 $667,000 $526,000$6,737 $6,737 $5,313 1.27No

$667,000 $667,000 $526,000

99

Square MetresAC 1M

AJ129756

1937788 VALMAP 19 THORNLEY ST LEICHHARDT 2040 B/443454 5.33 / 5.33 X 32 / 32

170.7000 27-Aug-15 $1,101,000 1.4014-Oct-15

R1EAS

205 $751,500 $751,500 $535,000$4,402 $4,402 $3,134 1.40No

$751,500 $751,500 $535,000

171

Square MetresAC 1M

AJ916808

1937838 VALMAP 22 WHITE ST BALMAIN 2041 2/593726 NSW MARITIME NSW Maritime 9264_1 70.915 IRREGULR / 65.935 IRREGULR X 16.78 / 11.835

857.0000 05-Jun-15 $5,725,000 1.2131-Aug-15

R1EEE

205 $4,845,500 $4,845,500 $4,020,000$5,654 $5,654 $4,691 1.21No

$4,845,500 $4,845,500 $4,020,000

857

Square MetresAC 1M

AJ804696







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1938083 VALMAP 111 TRAFALGAR ST

ANNANDALE 2038 1/128303 5.03 / 5.03 X 30.48 / 30.48

151.8000 01-Apr-15 $1,050,000 1.3510-Jun-15

R1EKK

205 $738,000 $738,000 $548,000$4,862 $4,862 $3,610 1.35No

$738,000 $738,000 $548,000

152

Square MetresAC 1M

AJ572367

1938243 VALMAP 216 TRAFALGAR ST ANNANDALE 2038 B/435067 4.61 / 4.54 X 17.08 / 16.16

113.8000 08-Nov-14 $930,000 1.2719-Dec-14

R1EKK

205 $652,000 $687,000 $514,000$5,729 $6,037 $4,517 1.34No

$652,000 $687,000 $514,000

114

Square MetresAC 1M

AJ158648

1938390 VALMAP 16 TROUTON ST BALMAIN 2041 5/913690 4.83 / 4.6 X 25.78 / 26.06

126.5000 11-Feb-15 $1,150,000 1.3412-Mar-15

R1ECC

205 $835,250 $835,250 $624,000$6,603 $6,603 $4,933 1.34No

$835,250 $835,250 $624,000

126

Square MetresAC 1M

AJ330087

1938462 25 UNION ST BALMAIN EAST 2041 1/178859 / X /

101.2000 18-Jul-15 $1,430,000 1.4916-Sep-15

R1ECC

205 $1,121,000 $1,121,000 $750,000$11,077 $11,077 $7,411 1.49No

$1,121,000 $1,121,000 $750,000

101

Square MetresAC 1M

AJ850731

1938582 65 VICTORIA RD ROZELLE 2039 1/442115 / X /

290.9000 24-Jun-14 $975,000 1.1524-Jun-14

IN2DMS

205 $565,000 $615,000 $492,000$1,942 $2,114 $1,691 1.25No

$565,000 $615,000 $492,000

291

Square MetresBY 1M

AI800579

1938625 218 VICTORIA RD ROZELLE 2039 29/815 1/511900 1/918294 1/1100072 / X /

1,117.0000 28-Nov-14 $2,800,000 0.6809-Dec-14

B2CVV

205 $2,150,000 $2,650,000 $3,180,000$1,925 $2,372 $2,847 0.83No

$2,150,000 $2,650,000 $3,180,000

1117

Square MetresBS 1M

AJ117649

1938640 VALMAP 128 VICTORIA RD ROZELLE 2039 F/441835 5.41 / 5.41 X 26.59 / 27.81

145.5000 10-Jul-14 $1,200,000 1.1021-Aug-14

B2CCW

205 $570,000 $570,000 $516,000$3,918 $3,918 $3,546 1.10No$3,918 $3,918 $3,546

1

Square MetresBS 145.5M

AI839646

1938657 68 VICTORIA RD ROZELLE 2039 5/576061 / X /

534.0000 08-Oct-14 $3,050,000 2.4201-Dec-14

B2CVV

205 $3,050,000 $3,050,000 $1,260,000$5,712 $5,712 $2,360 2.42No

$3,050,000 $3,050,000 $1,260,000

534

Square MetresBH 1M

AJ239495

1938679 VALMAP 17 VIEW ST ANNANDALE 2038 1/515448 5.03 / X 25.15 /

120.1000 14-Feb-15 $905,000 1.3513-Mar-15

R1EKK

205 $692,750 $692,750 $514,000$5,768 $5,768 $4,280 1.35No

$692,750 $692,750 $514,000

120

Square MetresAC 1M

AJ366718







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1938711 79 VIEW ST ANNANDALE 2038

1/916813 / X / 255.5200 21-Mar-15 $1,800,000 1.46

04-May-15R1

EKK205 $1,252,000 $1,252,000 $859,000

$4,900 $4,900 $3,362 1.46No$1,252,000 $1,252,000 $859,000

256

Square MetresAC 1M

AJ479523

1938772 VALMAP 178 VIEW ST ANNANDALE 2038 Y/445223 5.99 / 6.1 X 24.49 /

145.4000 12-Sep-15 $1,050,000 1.3628-Oct-15

R1EKK

205 $830,500 $830,500 $610,000$5,712 $5,712 $4,195 1.36No

$830,500 $830,500 $610,000

145

Square MetresAC 1M

AJ958335

1938782 VALMAP 158 VIEW ST ANNANDALE 2038 B/439476 6.1 / 6.1 X 24.38 / 24.38

145.4000 17-Sep-14 $1,150,000 1.2529-Oct-14

R1EKK

205 $760,500 $810,500 $610,000$5,230 $5,574 $4,195 1.33No

$760,500 $810,500 $610,000

145

Square MetresAC 1M

AJ17912

1939178 6 WATER ST CAMPERDOWN 2050 A/103978 6.12 / 6.71 X 26.77 / 23.7

148.7000 06-Jun-15 $980,000 1.3731-Jul-15

IN2DXX

205 $522,500 $522,500 $382,000$3,514 $3,514 $2,569 1.37No

$522,500 $522,500 $382,000

149

Square MetresAC 1M

AJ716885

1939190 25 WATERLOO ST ROZELLE 2039 20/421 / X /

221.3000 20-Dec-14 $955,000 1.2123-Jan-15

B2CXX

205 $712,000 $712,000 $587,000$3,217 $3,217 $2,653 1.21No

$712,000 $712,000 $587,000

221

Square MetresAC 1M

AJ221393

1939201 VALMAP 28 WATERLOO ST ROZELLE 2039 11/421 10.06 / X 30.48 /

306.6300 01-Apr-15 $1,250,000 1.3201-Jun-15

R1ELL

205 $1,094,000 $1,094,000 $826,000$3,568 $3,568 $2,694 1.32No

$1,094,000 $1,094,000 $826,000

307

Square MetresAC 1M

AJ548429

1939272 7 WELLINGTON ST ROZELLE 2039 A/411488 6.78 / 7.98 X 30.63 / 30.63

225.7000 27-Jun-14 $1,512,000 1.2208-Aug-14

IN2DXX

205 $782,000 $857,000 $642,000$3,465 $3,797 $2,844 1.33No

$782,000 $857,000 $642,000

226

Square MetresAC 1M

AI808022

1939317 VALMAP 48 WELLS ST ANNANDALE 2038 13/667436 6.6 / 6.58 X 24.51 / 24.61

158.1000 18-Mar-15 $1,227,500 1.4001-May-15

R1EKK

205 $834,500 $834,500 $595,000$5,278 $5,278 $3,763 1.40No

$834,500 $834,500 $595,000

158

Square MetresAC 1M

AJ475327

1939653 1 WESTON ST BALMAIN EAST 2041 1/225101 / X /

113.8100 02-May-15 $1,840,000 1.4415-Jun-15

R1ECC

205 $1,413,000 $1,413,000 $984,000$12,415 $12,415 $8,646 1.44No

$1,413,000 $1,413,000 $984,000

114

Square MetresAC 1M

AJ574038







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.1939804 VALMAP 40 WHARF RD BIRCHGROVE

2041 1/817082 17.36 / 17.23 X 16.96 / 7.17

197.8000 21-Mar-15 $2,490,000 1.2601-Jun-15

R1ECB

205 $1,836,000 $1,836,000 $1,460,000$9,282 $9,282 $7,381 1.26No

$1,836,000 $1,836,000 $1,460,000

198

Square MetresAC 1M

AJ540970

1939829 VALMAP 6 WHITE ST BALMAIN 2041 14/3343 10.72 / 9.98 X 39.27 / 40.87

417.3000 07-Mar-15 $2,550,000 1.3820-Apr-15

R1ECC

205 $2,152,900 $2,152,900 $1,560,000$5,159 $5,159 $3,738 1.38No

$2,152,900 $2,152,900 $1,560,000

417

Square MetresAC 1M

AJ439376

1939858 VALMAP 61 WHITE ST LILYFIELD 2040 10/978094 10.06 / X 39.01 / 38.79

398.4000 29-Nov-14 $1,330,000 1.1527-Feb-15

R1EAN

205 $1,035,500 $1,135,500 $897,000$2,599 $2,850 $2,252 1.27No

$1,035,500 $1,135,500 $897,000

398

Square MetresAC 1M

AJ305126

1939933 VALMAP 12 WHITING ST LEICHHARDT 2040 13/4288 6.1 / 6.1 X 27.43 / 27.43

164.4000 10-Nov-14 $920,000 1.3121-Jan-15

R1EAS

205 $739,000 $739,000 $562,000$4,495 $4,495 $3,418 1.31No

$739,000 $739,000 $562,000

164

Square MetresAC 1M

AJ220298

1940958 VALMAP 279 YOUNG ST ANNANDALE 2038 4/17/1577 4.73 / 4.73 X 30.48 / 30.48

139.1000 14-Oct-14 $1,240,000 1.2525-Nov-14

R1EKK

205 $761,000 $801,000 $609,000$5,471 $5,758 $4,378 1.32No

$761,000 $801,000 $609,000

139

Square MetresAC 1M

AJ78593

1940968 301 YOUNG ST ANNANDALE 2038 1/200969 / X /

158.1000 02-Apr-15 $1,130,000 1.3730-Apr-15

R1EKK

205 $837,250 $837,250 $609,000$5,296 $5,296 $3,852 1.37No

$837,250 $837,250 $609,000

158

Square MetresAC 1M

AJ463020

1941203 VALMAP 26 YOUNG ST ANNANDALE 2038 4/222909 4.11 / X 22.15 / 22.25

88.5000 06-Nov-14 $880,500 1.2718-Dec-14

R1EKK

205 $555,500 $580,500 $438,000$6,277 $6,559 $4,949 1.33No

$555,500 $580,500 $438,000

88

Square MetresAC 1M

AJ195112

2782062 VALMAP 280 C BALMAIN RD LILYFIELD 2040 2/1020113 17.2 / 16.79 X 6.28 / 10.54 IRREGULR

129.7000 20-Jun-15 $1,062,500 1.1704-Aug-15

R1EAN

205 $806,500 $806,500 $690,000$6,218 $6,218 $5,320 1.17No

$806,500 $806,500 $690,000

130

Square MetresAC 1M

AJ724588

2905681 39 GROVE ST LILYFIELD 2040 1/1040993 / X /

132.8000 09-Apr-15 $930,000 1.3214-May-15

R1EAN

205 $711,500 $711,500 $539,000$5,358 $5,358 $4,059 1.32No

$711,500 $711,500 $539,000

133

Square MetresAC 1M

AJ494461







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.2912023 347 PARRAMATTA RD

LEICHHARDT 2040 1/1036081 / X /

541.4000 02-Dec-14 $6,300,000 1.2421-Apr-15

B2CVV

205 $2,175,000 $2,175,000 $1,750,000$4,017 $4,017 $3,232 1.24No$62,143 $62,143 $50,000

15

Square MetresAM 35M

AJ488139

2929569 16 WHARF RD BIRCHGROVE 2041 1/986526 / X /

246.6000 20-May-15 $2,650,000 1.4301-Jul-15

R1ECB

205 $1,885,000 $1,885,000 $1,320,000$7,644 $7,644 $5,353 1.43No

$1,885,000 $1,885,000 $1,320,000

247

Square MetresAC 1M

AJ622476

3035498 343 PARRAMATTA RD LEICHHARDT 2040 1/551017 / X /

1,235.5000 11-Nov-14 $4,750,000 1.9506-Feb-15

B2CVV

205 $4,750,000 $4,750,000 $2,430,000$3,845 $3,845 $1,967 1.95No

$4,750,000 $4,750,000 $2,430,000

1236

Square MetresBH 1M

AJ302486

3107187 169 NORTON ST LEICHHARDT 2040 1/101090 9/660343 / X /

335.1000 06-May-14 $2,760,000 1.6208-Jul-14

B2CFF

205 $1,640,000 $1,440,000 $1,010,000$4,894 $4,297 $3,014 1.43No

$1,640,000 $1,440,000 $1,010,000

335

Square MetresBS 1M

AI882969

3180193 31 RENWICK ST LEICHHARDT 2040 1/180133 5.56 / 5.588 X 28.391 / 30.471

164.4000 29-Oct-14 $865,000 1.2024-Nov-14

B2CXX

205 $571,500 $571,500 $477,000$3,476 $3,476 $2,901 1.20No

$571,500 $571,500 $477,000

164

Square MetresAC 1M

AJ81602

3340895 30 GEORGE ST LEICHHARDT 2040 16/69760 7/448755 9/666322 5, 6/745976 1/745978 1/745979 1/920105 1/97 2151 / X /

4,501.2002 03-Jul-14 $9,000,000 1.0002-Jul-15

R3EDD

205 $9,000,000 $11,500,000 $8,990,000$1,999 $2,555 $1,997 1.28No

$9,000,000 $11,500,000 $8,990,000

4501

Square MetresIF 1M

AJ684564

3466033 10 RIVER ST BIRCHGROVE 2041 1/1135078 / X /

115.1000 21-Jan-15 $1,657,500 1.3801-May-15

R1EEE

205 $1,247,500 $1,247,500 $901,000$10,838 $10,838 $7,828 1.38No

$1,247,500 $1,247,500 $901,000

115

Square MetresAC 1M

AJ466681

3641326 VALMAP 6 LILYFIELD RD ROZELLE 2039 72/1171918 13.45 / 13.69 X 24.005 / 36.685

340.5000 10-Dec-14 $1,350,000 1.2730-Jan-15

R1ELL

205 $866,700 $951,700 $681,000$2,545 $2,795 $2,000 1.40No

$866,700 $951,700 $681,000

340

Square MetresAC 1M

AJ377219


451.6000 26-May-15 $2,700,000 1.1014-Jul-15

B2CVV

205 $2,250,000 $2,250,000 $2,040,000$4,982 $4,982 $4,517 1.10No

$2,250,000 $2,250,000 $2,040,000

452

Square MetresBO 1M

AJ667677







Contract: Transfer:


$ / Anal.Type

Adjusted LV: $ / m2

$ / Anal.Type

LLT LV:$ / m2

$ / Anal.Type

Fctrs:Anal:Adj:



Dealing No.3729523 VALMAP 27 QUIRK ST ROZELLE 2039

22/1190202 9.25 / 9.11 X 26.56 / 27.24 IRREGULR

244.8000 01-Apr-15 $1,675,000 1.4230-Apr-15

R1ELL

205 $1,165,000 $1,165,000 $819,000$4,759 $4,759 $3,346 1.42No

$1,165,000 $1,165,000 $819,000

245

Square MetresAC 1M

AJ471041

3756707 VALMAP 5 TILBA AVE BALMAIN 2041 12/1132009 NSW Maritime 9789 / X /

870.9000 03-Jun-15 $4,000,000 1.2630-Jun-15

R1EEE

205 $3,900,000 $3,900,000 $3,100,000$4,478 $4,478 $3,560 1.26No

$3,900,000 $3,900,000 $3,100,000

871

Square MetresAV 1M

AJ621434

3803964 VALMAP 39 MOORE LANE LILYFIELD 2040 2/1166700 6.095 / 6.095 X 29.625 / 29.66

180.7000 22-Jun-15 $575,000 1.3715-Jul-15

R1EAN

205 $575,000 $575,000 $420,000$3,182 $3,182 $2,324 1.37No

$575,000 $575,000 $420,000

181

Square MetresAV 1M

AJ663954

3803964 VALMAP 39 MOORE LANE LILYFIELD 2040 2/1166700 6.095 / 6.095 X 29.625 / 29.66

180.7000 19-Dec-14 $555,000 1.3230-Jan-15

R1EAN

205 $555,000 $555,000 $420,000$3,071 $3,071 $2,324 1.32No

$555,000 $555,000 $420,000

181

Square MetresAV 1M

AJ251026

3805039 LOUISA RD BIRCHGROVE 2041 101/1201398 / X /

141.3000 11-Nov-14 $698,875 0.0016-Dec-14

ZLYY

205 $538,875 $538,875 $0$3,814 $3,814 $0 0.00No

$538,875 $538,875 $0

141

Square MetresACR 1M

AJ139428

3812647 GORDON ST ANNANDALE 2038 102/1179398 / X /

668.0000 23-Sep-14 $2,200,000 1.2607-Nov-14

IN2DSS

205 $1,265,000 $1,265,000 $1,002,000$1,894 $1,894 $1,500 1.26No

$1,265,000 $1,265,000 $1,002,000

668

Square MetresIF 1M

AJ59978

3849269 37 EDNA ST LILYFIELD 2040 2/1208391 / X /

1,224.0000 01-Jun-15 $4,950,000 1.6317-Jul-15

R1EFF

205 $4,250,000 $3,500,000 $2,600,000$3,472 $2,859 $2,124 1.35No

$4,250,000 $3,500,000 $2,600,000

1224

Square MetresAV 1M

AJ716140



Region Month Qtr YOY

Sydney 1.4% 2.4% 13.0% 17.5% $723,000

Melbourne 2.7% 1.5% 7.0% 10.7% $561,000

Brisbane 0.6% 1.8% 4.6% 9.5% $458,000

Adelaide -1.2% 0.3% 3.1% 7.6% $410,000

Perth -0.6% 2.2% 2.6% 6.9% $525,000

Hobart 1.6% 4.4% 3.0% 8.6% $341,000

Darwin -1.3% -2.6% 1.4% 7.6% $525,000

Canberra 0.9% -0.2% -0.3% 4.0% $523,000

Combined capitals 1.3% 1.9% 8.0% 12.2% $555,000

Rest of state* -0.1% 0.3% 2.1% $355,000

Median dwelling

price

Change in dwelling values Total gross

returns

CoreLogic RP Data January 2015 Hedonic Home Value Index Results

National Media Release

Housing market starts the year on strong footing Two-tiered housing market dynamics persisted over the first month of 2015, with strong gains recorded across Sydney and Melbourne, pushing capital city dwelling values 1.3 per cent higher.

Released: Monday, February 2, 2015 – For Immediate release

Highlights over the three months to January 2015

Best performing capital city: Hobart +4.4 per cent

Weakest performing capital city: Darwin -2.6 per cent

Highest rental yields: Darwin houses with gross rental yield of 6.0 per

cent and Darwin Units at 5.9 per cent

Lowest rental yields: Melbourne houses with gross rental yield of 3.2 per

cent and Melbourne units at 4.2 per cent

Most expensive city: Sydney with a median dwelling price of $723,000

Most affordable city: Hobart with a median dwelling price of $341,000

* Rest of state change in values are for houses only to end of December

Index results as at January 31, 2015

Change in dwelling values

from previous market peak


from market trough

Annual change in dwelling

values over past 10 years


over past twelve months

The January CoreLogic RP Data Home Value Index results showed capital city dwelling values rose by 1.3 per cent over the first month of the year, indicating a strong start for the housing market in 2015.

While the headline reading is strong, overall housing market performance varied substantially between the capital cities. The largest cities, which have more influence over the combined capital city index due to the high number of dwellings, continued to push the aggregate index higher. Melbourne values were up 2.7 per cent over the month and Sydney values increased by 1.4 per cent. Hobart also recorded a strong monthly result with dwelling values up 1.6 per cent.

Three capital cities recorded a decline in dwelling values over the month, with Darwin values down 1.3 per cent, Adelaide recorded a 1.2 per cent decline, whilst Perth values were down 0.6 per cent over the month.

The quarterly change revealed a clearer picture for housing market conditions, with the combined capitals index recording a 1.9 per cent gain over the three months ending January.

While Sydney continued to be the standout for capital gains, the most significant increase in dwelling values over the past three months was recorded in Hobart where dwelling values moved 4.4 per cent higher, eclipsing the 2.4 per cent capital gain in Sydney, which was the second highest quarterly reading across the capitals.

According to CoreLogic RP Data Head of Research Tim Lawless, having Hobart produce the strongest results over the past quarter is certainly a unique occurrence.

“Generally, Hobart has recorded the lowest rate of capital gain since the onset of the GFC, however housing market conditions have been improving. Local economic conditions have been improving and Hobart homes are the most affordable of any capital city. Additionally the market is benefitting from the return of ‘lifestyle buyers’. After Darwin, the southernmost capital is also showing the second highest gross rental yields of any other capital city.”

Despite Hobart’s strong quarterly capital gain, Sydney still holds as the city with the highest rate of capital gain over the past twelve months where dwelling values are currently 13 per cent higher. The annual gain in dwelling values across the combined capitals index was 8.0 per cent at the end of January, ranging from a 13 per cent gain in Sydney to a 0.3 per cent reduction in dwelling values across Canberra.

Sydney has also shown the highest aggregated capital growth of any capital city in the years after the GFC.

Mr Lawless commented that since the beginning of 2009, Sydney has been a stand out housing market. From January 2009 through to January 2015 Sydney home values have increased by 57 per cent.

The second highest rate of growth over the same period has been in Melbourne where values are 50 per cent higher. There is a significant gap between the next best performers over the same six year period. Darwin has seen less than half the level of growth at 24 per cent, followed by Canberra at 18 per cent and Perth at 17 per cent total growth” Mr Lawless said.

Houses and units showed an equal rate of capital gain over the month, however the longer trend is clearly showing detached housing to be the stronger performer for capital growth. Across the combined capitals index, detached housing values were 8.2 per cent higher over the past twelve months, compared with a 6.2 per cent capital gain for unit values.

The lower rate of capital gain in the unit market was apparent across most capital cities. The only capital cities where apartments showed a higher capital gain than detached houses were Adelaide (houses +2.9% / Units +4.5%) and Canberra (houses -0.5% / units +1.4%).

According to Mr Lawless, the lower rate of capital gain across the apartment market coincides with higher supply levels across the medium to high density housing sector.

Based on recent ABS data, apartment approvals reached an all-time high in November, which, according to Mr Lawless, is possibly keeping a lid on capital gains across the multi-unit sector of the market. Detached housing values are being driven higher by scarcity of land and lower supply levels.

As capital gains continue to run strong, at least at the combined capital city level, rental markets remain weak. Weekly rents have hardly moved over the past year, up by just 1.7 per cent over the past twelve months. With dwelling values rising at nearly five times the pace of rents, we are seeing a consistent deterioration in rental yields.

A typical Melbourne house is now showing a gross yield of just 3.2 per cent, which is the lowest of any capital city. Sydney isn’t far behind with houses providing an average gross yield of 3.5 per cent.

According to Mr Lawless, the stubbornly strong housing market conditions are likely to be part of the debate at the Reserve Bank’s February board meeting tomorrow.

“Lower interest rates could potentially add further fuel to the housing market, particularly the investor segment, which continues to remain strong based on recent data. The recently released RBA credit aggregates showed investor loan commitments rose by just over 10 per cent last year which is above the threshold that APRA (The Australian Prudential Regulation Authority), indicated they would be comfortable with,” Mr Lawless said.

At the other end of the spectrum is Hobart where dwelling values are unmoved over the six year period, Brisbane values are 9 per cent higher and Adelaide values have moved 10 per cent higher.

According to Mr Lawless, despite the strong start to the year, there is evidence that some heat is leaving the housing market.

“In a sign that housing market conditions are gradually cooling, the rolling annual rate of capital gain has been trending lower. At the end of January the annual rate of dwelling value growth across the combined capitals index had slowed to 8.0 per cent, down from the early 2014 peak of 11.5 per cent.

The gradual slowdown is spread broadly with all capital cities currently recording a slower annual rate of appreciation compared with recent peaks.

“This slower rate of appreciation should provide some comfort to regulators that housing demand is starting to taper, despite the historically low interest rate environment.

“Diminishing affordability levels are likely blocking many price sensitive buyers such as first time buyers and low income families from the market. Additionally, lower rental yields and the prospect of tighter lending conditions for investment loans is likely to moderate the investor segment of the market as well,” Mr Lawless said

National Media Release (Cont’d) Rolling annual change in capital city dwelling values

Media inquiries contact: CoreLogic national communications manager – 07 3114 9879 or [email protected]

About CoreLogic RP Data CoreLogic RP Data is a wholly owned subsidiary of CoreLogic (NYSE: CLGX),which is the largest data and analytics company in the world with revenues of $1.3Bn USD from 50,000 business and government customers and over 1 million end users. CoreLogic RP Data provides property information, analytics and services across Australia and New Zealand and is currently developing and growing partnerships throughout Asia.

With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 500 million decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information. With over 11,000 customers and 120,000 end users, CoreLogic RP Data is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, insurance, developers, wealth management and government.

CoreLogic RP Data delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic RP Data to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic RP Data employs over 480 people at nine locations across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au

Gross rental yields, houses and units

Houses Units






The indices in grey shading have been designed for trading environments in partnership with the Australian Securities Exchange (www.asx.com.au). Indices under blue shading (Hobart,

Darwin, Canberra, Brisbane and the 8 capital city aggregate) are calculated under the same methodology however are not currently planned to be part of the trading environment.

*The median price is the middle price of all settled sales over the three months to the end of the final month. Median prices are provided as an indicator of what price a typical home sold

for over the most recent quarter. The median price has no direct relationship with the CoreLogic RP Data Hedonic Index value. The change in the Index value over time reflects the

underlying capital growth rates generated by residential property in the relevant region.

The CoreLogic RP Data Hedonic Index growth rates are not ordinarily influenced by capital expenditure on homes, compositional changes in the types of properties being transacted, or

variations in the type and quality of new homes manufactured over time. The CoreLogic RP Data ‘index values’ are not, therefore, the same as the ‘median price’ sold during a given

period. See the methodology below for further details.

Methodology: The CoreLogic RP Data Hedonic Home Value Index is calculated using a hedonic regression methodology that addresses the issue of compositional bias associated with

median price and other measures. In simple terms, the index is calculated using recent sales data combined with information about the attributes of individual properties such as the

number of bedrooms and bathrooms, land area and geographical context of the dwelling. By separating each property comprising the index into its various formational and locational

attributes, differing observed sales values for each property can be separated into those associated with varying attributes and those resulting from changes in the underlying residential

property market. Also, by understanding the value associated with each attribute of a given property, this methodology can be used to estimate the value of dwellings with known

characteristics for which there is no recent sales price by observing the characteristics and sales prices of other dwellings which have recently transacted. It then follows that changes in

the market value of the stock of residential property comprising an index can be accurately tracked through time. RP Data owns and maintains Australia's largest property related database

in Australia which includes transaction data for every home sale within every state and territory. CoreLogic RP Data augments this data with recent sales advice from real estate industry

professionals, listings information and attribute data collected from a variety of sources. For detailed methodological information please visit www.corelogic.com.au

For more information on the CoreLogic RP Data Indices, please go to http://www.corelogic.com.au

Media enquiries contact: Mitch Koper , CoreLogic RP Data national communications manager – 07 3114 9879 or [email protected]

Introduction to the CoreLogic RP Data Daily Hedonic Home Value Index methodology:

The CoreLogic RP Data Hedonic Home Value Index is calculated using a hedonic regression methodology that addresses the issue of

compositional bias associated with median price and other measures. In simple terms, the index is calculated using recent sales data

combined with information about the attributes of individual properties such as the number of bedrooms and bathrooms, land area and

geographical context of the dwelling. By separating each property comprising the index into its various formational and locational

attributes, differing observed sales values for each property can be separated into those associated with varying attributes and those

resulting from changes in the underlying residential property market. Also, by understanding the value associated with each attribute of a

given property, this methodology can be used to estimate the value of dwellings with known characteristics for which there is no recent

sales price by observing the characteristics and sales prices of other dwellings which have recently transacted. It then follows that

changes in the market value of the stock of residential property comprising an index can be accurately tracked through time. CoreLogic

owns and maintains Australia's largest property related database in Australia which includes transaction data for every home sale within

every state and territory. CoreLogic augments this data with recent sales advice from real estate industry professionals, listings

information and attributes data collected from a variety of sources. For detailed methodological information please visit

www.corelogic.com.au.

CoreLogic RP Data Home Value Index tables

Capital Growth to 31 January 2015 Sydney Melbourne

Brisbane -

Gold Coast Adelaide Perth

Australia 5

Capitals

(ASX) Hobart Darwin Canberra Brisbane

Australia

8 Capitals

Table 1A: All Dwellings

Month 1.4% 2.7% 0.8% -1.2% -0.6% 1.3% 1.6% -1.3% 0.9% 0.6% 1.3%

Quarter 2.4% 1.5% 1.9% 0.3% 2.2% 1.9% 4.4% -2.6% -0.2% 1.8% 1.9%

Year-to-Date 1.4% 2.7% 0.8% -1.2% -0.6% 1.3% 1.6% -1.3% 0.9% 0.6% 1.3%

Year-on-Year 13.0% 7.0% 5.2% 3.1% 2.6% 8.2% 3.0% 1.4% -0.3% 4.6% 8.0%

Total Return Year-on-Year 17.5% 10.7% 10.2% 7.6% 6.9% 12.5% 8.6% 7.6% 4.0% 9.5% 12.2%

Median price* based on settled sales over quarter $723,000 $561,000 $458,000 $410,000 $525,000 $555,000 $341,000 $525,000 $523,000 $458,000 $555,000

Table 1B: Houses

Month 1.4% 2.8% 0.9% -1.5% -0.6% 1.3% 2.3% -1.1% 0.7% 0.7% 1.3%

Quarter 2.5% 1.8% 2.3% 0.3% 2.4% 2.1% 5.3% -3.4% -0.3% 2.1% 2.0%

Year-to-Date 1.4% 2.8% 0.9% -1.5% -0.6% 1.3% 2.3% -1.1% 0.7% 0.7% 1.3%

Year-on-Year 13.8% 7.5% 5.8% 2.9% 2.7% 8.5% 3.8% 1.6% -0.5% 5.1% 8.2%

Total Return Year-on-Year 18.0% 11.1% 10.7% 7.4% 7.0% 12.7% 9.4% 7.8% 3.8% 9.9% 12.4%


Table 1C: Units

Month 1.4% 1.7% -0.4% 3.0% -0.5% 1.2% -5.7% -2.2% 3.7% -0.2% 1.3%

Quarter 2.3% -0.3% -1.4% 0.4% -0.2% 1.0% -4.5% 0.8% 0.6% -1.5% 1.0%

Year-to-Date 1.4% 1.7% -0.4% 3.0% -0.5% 1.2% -5.7% -2.2% 3.7% -0.2% 1.3%

Year-on-Year 9.9% 2.7% 0.0% 4.5% 1.4% 6.2% -5.4% 0.7% 1.4% 0.3% 6.2%

Total Return Year-on-Year 15.0% 7.1% 5.6% 9.7% 6.2% 11.2% -0.3% 6.9% 6.6% 5.9% 11.2%


Table 1D: Rental Yield Results

Houses 3.5% 3.2% 4.5% 4.2% 4.0% 3.7% 5.2% 6.0% 4.2% 4.4% 3.7%

Units 4.4% 4.2% 5.5% 4.7% 4.7% 4.5% 5.8% 5.9% 4.9% 5.5% 4.5%

http://www.asx.com.au/







http://www.corelogic.com.au/











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Kirsty NeedhamPublished: May 24, 2015 - 12:00AM

One of Shanghai's richest men purchased a key parcel of waterfront land within the Baird government's proposed Bays Precinct, just weeks after a government summit to spruik the majorredevelopment.

Most of the Blackwattle Bay waterfront is government-owned, but Jin Huiming's Dahua Group paid $17.5 million to buy the Bidvest site next to the Sydney Fish Market in December.

Government agency Urban Growth plans to redevelop the Sydney Fish Market into a wider apartment, employment and dining precinct. The land is currently zoned non-residential.

Mr Jin, 63, was ranked by Forbes as the 36th richest person in China a decade ago, as Dahua ranked in China's top 10 real estate companies.

His private real estate and construction company boomed during the redevelopment of Shanghai's Pudong waterfront district.

Urban Growth is consulting with the community on a plan to transform the Bays Precinct, and expects a decision from the Baird government on a development blueprint in August.

Urban Growth chief executive David Pitchford said last week neither he, nor new Minister for Planning Rob Stokes had met with developers, after The Sun-Herald reported Dahua wouldmake a $3 billion bid to redevelop Blackwattle Bay.

But Fairfax Media can reveal Dahua's Destination Blackwattle Bay consortium lodged a secret "unsolicited proposal" with the NSW government in late 2013, at the same time asconstruction giant Brookfield Multiplex made a rival secret bid.

The Baird government held an international summit in November 2014 to publicly discuss the Bays Precinct.

But a competitive tender for a redevelopment project that will dwarf Barangaroo is expected to be quickly called if cabinet approves Urban Growth's plan.

Dahua's purchase of the Blackwattle Bay site means Urban Growth will have to negotiate with the company, regardless.

Dahua has also purchased Bidvest's fish supplier, Felan's Fisheries, which gives it a 25 per cent stake in the Sydney Fish Market Merchants and Tenants company.

Any redevelopment of the fish market must be approved by the SFM Merchants and Tenants, and in 2011 they rejected a proposal that had been backed by the Sydney Fish Market boardand state government.

Destination Blackwattle Bay managing director John Shepherd said the Dahua consortium was confident the NSW government would run the process in a "fair and consultative" manner.

"The DBB bid for the redevelopment of the Blackwattle Bay precinct first and foremost takes into account the security of jobs, business investment and ownership for the tenants,merchants and fisherman," he said.

"Our investors, who have investment in adjacent freehold land, and a business at the Sydney Fish Market, recognise the importance and value that the Sydney Fish Market provide to thefabric of Sydney and the economy of Australia."

A Brookfield Multiplex spokesperson declined to comment, but the company has been in discussions with Sydney Fish Market management about a bid.

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An Urban Growth spokeswoman said the agency was working closely with Sydney Fish Market "to obtain their support for the urban transformation opportunity."

Urban Growth would not force adjacent landowners to sell, but was "engaging" with them, she said.

Sydney architecture firm PTW, which worked on the Barangaroo master plan for Lend Lease, has worked with Dahua in China.

PTW marketing manager Lorraine Sperling said the Bays Precinct was "absolutely" the premier site for upcoming development, and PTW was speaking to "several entities, local andinternational" about potential partnerships as the construction industry jostles for position.

Last year Mr Jin dropped off the Forbes rich list as the Chinese property market cooled, and new purchasing restrictions were imposed that limit couples to two apartments. Chineseproperty developers are looking overseas for growth.

The Foreign Investment Review Board's annual report shows China overtook the United States as the largest source of foreign investment for the first time last year, as real estateinvestment surged.

This story was found at: http://www.smh.com.au/nsw/chinese-developer-made-secret-bid-to-nsw-government-for-sydney-fish-market-20150523-gh83qf.html

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2 of 2 24-May-15 11:03 AM


Jacob SaulwickPublished: April 29, 2015 - 6:00PM

"I wouldn't start from here": Tim Williams' presentation [PDF - 31MB]What you need to know about WestConnexMore NSW news

The head of a major Sydney business lobby group has come out swinging against the Baird and Abbott governments' road-building agenda,while also slamming the boss of the WestConnex project for trying to divide the city.

The chief executive of the Committee for Sydney, Tim Williams, told an audience at the University of Sydney last week all sides of politicshad "got it wrong" on the city's transport priorities, criticising them for a lack of ambition in promoting public transport in the growingmetropolis.

Dr Williams, whose organisation's members include major construction, finance and engineering firms, also called on the government torelease the business cases for the new mega projects being proposed for Sydney which, to its detriment, remained in the thrall of roadbuilders.

"There is no strategic or structural planner of Sydney at this point of time outside of RMS [Roads and Maritime Services]," Dr Williamstold the Halloran Trust event at the university.

"RMS is the structural planner for Sydney," Dr Williams said, before quoting George Orwell to the effect that Sydney was "a family withthe wrong members in control".

"I'm sorry to have to say it but I think it is, I think we've got problems," he said. "I think in its current form, RMS needs to bereconstructed."

Dr Williams' presentation largely reflected familiar themes advanced by transport academics and urban planners. As cities became denser,governments needed to fit them with better public transport, cycling and walking facilities, rather than focusing on new motorways thatencourage sprawl and car use.

But the intervention is significant because it is rare for a big business group to press these points. Members of the Committee for Sydneyinclude major engineering firms like Arup and AECOM, as well as finance companies like Macquarie Group, Westpac and ANZ.

"We are in the presence of another road transport upheaval in this city," Dr Williams said, while showing a slide of the $15 billionWestConnex motorway and its proposed extensions to the north and south.

"Which, by the way, we are not seeing in any other cities in the world," he said. "And that's the issue – many other cities in the world aretaking their highway capacity out and I'm just wondering, what is so different about the Australian city experience that means that they'rewrong and we are right?

"We think this is a congestion-busting proposition and nowhere in Christendom does that appear to be the case – so what's going on?"

For the most part, Dr Williams declined to specifically cite the WestConnex project, a 33-kilometre series of motorways largely through theinner west of Sydney.

But he aimed direct criticism at the chief executive of the WestConnex Delivery Authority, Dennis Cliche, for comments reported in theHerald in which Mr Cliche said those opposed to WestConnex were wealthier people in inner suburbs.

"They're not living in the mortgage belt. They don't have kids who are to some extent excluded socially from the opportunities that somepeople have," Mr Cliche said.

In his address, Dr Williams said this was a "terrible way to have a civic dialogue about transport in our city".

"Trying to set one part of the community against another, trying to say that the inner west community is trying to stop the good people ofwestern Sydney getting access to something," Dr Williams said.

Print Article: Committee for Sydney's Tim Williams slams road building ... http://www.smh.com.au/action/printArticle?id=98869094

1 of 2 29-Apr-15 4:57 PM

"This is the statement by the chief executive of the WestConnex Delivery Authority and more shame him. I know him and he's spoken tothe Committee for Sydney," he said.

"I am astonished. I think he must be panicking. I don't think his masters would want the dialogue to be conducted like this.

"But also it's just wrong. Because if you are worried about the inequity of our city and access to public transport, there's really a good thingto do about it – give them access to public transport in western Sydney."

Contacted for comment, Mr Cliche said: "Sydney needs an integrated transport solution that includes both roads and public transport tokeep our city moving. It is not an either/or proposition.

"WestConnex Delivery Authority is committed to engaging with our stakeholders as a core part of planning and delivering this project. Wewelcome constructive dialogue which will help ensure we deliver the best possible road infrastructure for Sydney."

Dr Williams called on the government to release the business case for the WestConnex project – "the people who propose these massiveprojects, they haven't even bothered to show us the evidence" – but also criticised the lack of focus at the recent state election on alternativepublic transport proposals.

"For me it's a politically neutral thing, they've all got it wrong."

Dr Williams said what was needed was a transport "revolution" in Sydney, with aggressive targets to promote public transport use.

Separately, City of Sydney Lord Mayor Clover Moore has been campaigning against WestConnex and this week released a report queryingits supposed benefits.

In response, Roads Minister Duncan Gay said: "While Clover Moore wastes ratepayers money on dubious traffic studies, she turns a blindeye to the thousands of motorists stuck on the M4 and M5 each day."

"Motorists battling the M4 and M5 every day, those stuck in gridlock on Parramatta Road, can't wait for WestConnex – they know to donothing is not an option," Mr Gay said.

Concord tunnelling point announced

Separately, Mr Gay announced on Wednesday that a hockey field at Concord would make way for the motorway project's midwaytunnelling point.

Players displaced by loss of the Cintra Park Hockey Field would be accommodated in "new and improved" facilities at the St Lukes Parkprecinct, said Mr Gay, who added the decision eliminated the need to acquire homes.

"The mid-point allows tunnelling work to be carried out in two directions from the one location, towards the M4 widening at HomebushBay Drive and towards the end of the M4 East tunnel at Haberfield," he said.

This story was found at: http://www.smh.com.au/nsw/committee-for-sydneys-tim-williams-slams-road-building-plans-for-city-20150429-1mv3vq.html

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2 of 2 29-Apr-15 4:57 PM


Anna AndersonPublished: December 8, 2014 - 4:18PM

The launch of a new apartment development in Summer Hill on Saturday realised $82 million in sales. Of the 127 apartments and terraces offered in the planned Flour Mill development,85 per cent had sold by the end of the day.

Inner-west residents were the main force in the 200-odd crowd and made up 90 per cent of buyers. Many had been watching the site for years.

The EG Funds Management development designed by Hassell architects incorporates a mill conversion of two sets of historic silos, which have stood on the site for almost 100 years.

The complex includes new buildings that will house the living areas, and the circular silos will contain the bedrooms and bathrooms.

The masterplan has 300 apartments, a retail precinct and a communal park, which will host weekend markets. It is due for completion in late 2017.

Selling agent Colliers International said Saturday's buyers were divided, with 65 per cent being owner-occupiers. Investors and first-home buyers snapped up the studios, which werepriced from $555,000 and one-bedroom apartments from $520,000.

Two-bedroom apartments started at $770,000 and three-bedroom units sold from $950,000. The four-bedroom terrace houses started at $1,375,000.

The location, close to Summer Hill village, the light rail and two train stations were big drawcards along with the site's industrial past and the unique nature of the development.

One of the first to buy on Saturday morning was Dr Kiran Thapa. Already a Summer Hill resident, Dr Thapa and his wife, Zoma, bought a two-bedroom apartment with city views.

The chief executive officer of Capkon, a mortgage broking firm in Summer Hill, Dr Thapa had been waiting for the launch of the Flour Mill project. "I bought an investment unit in theCarlton Estate at Summer Hill through Colliers so I was on their register," said Dr Thapa.

Happy with his children's local school and the vibrancy of Summer Hill, Dr Thapa paid $925,000 for his seventh-floor apartment. "It's big money but it's worth it," he said. "Given theuniqueness of the project, its proximity to the city and views our apartment will have, I think it's worth even more than I paid."

Ian Bennett, director of selling agent Colliers International Residential, said the Flour Mill also has its own light rail station.

Construction of the apartments is due to start early next year.

Last weekend, other new developments in Sydney also tallied strong sales. At the launch of Defence Housing Australia's latest stage of the Crimson Hill masterplan in Lindfield, 80 percent of the Shout Ridge apartments sold. Prices ranged from $575,000 to $885,000 and totalled more than $28 million for the 38 sold on the day.

At nearby Chatswood, 120 apartments or 80 per cent of Toga Group's The Chatswood development had sold by 10am. Buyers queued from 7.30am.

And at Manly, two blocks form the beach, 80 per cent of a low-rise complex of 18 apartments known as Zinc, sold on its launch day. Prices ranged from $690,000 to $1.35 million.

This story was found at: http://www.smh.com.au/domain/real-estate-news/flour-mill-apartment-buyers-rise-to-the-occasion-20141208-122nmz.html

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1 of 1 09-Dec-14 8:19 AM


Leesha McKennyPublished: October 7, 2015 - 6:19PM

The suburb that's set to become the most densely populated in the country is going to be bigger than previously thought, fuelling concernsabout the congestion issues already plaguing Green Square.

The 278-hectare area to the south of Sydney's central business district is now expected to reach a population of 61,000 people by 2030, newCity of Sydney projections show.

This population, equating to 22,000 people per square kilometre, is up from a previous estimate of 54,000 people.

The blow-out means Green Square is set to become almost 50 per cent denser than the current population of Pyrmont, which is Australia'sdensest suburb at almost 15,000 people per square kilometre.

The council said the increase across the $13 billion precinct was mainly due to its "design excellence" process, which allows developers toseek a 10 per cent floor space bonus in return for delivering higher quality projects.

About 10,000 of Green Square's eventual 30,500 dwellings are now under assessment or construction.

"This new data on Green Square's rapid evolution illustrates the community's confidence in what is one of the biggest urban renewalprojects in the country," Sydney's Lord Mayor Clover Moore said.

But that was not the sentiment expressed by Darren Jenkins, the president of the Friends of Erskineville, a community group that has longvoiced frustration at the failure of authorities to keep pace with the infrastructure needs of the area.

The increase of 7000 people "certainly should come as no surprise" to the council or state government, Mr Jenkins said.

"It's almost inevitable that developers are going to try to get as many apartments into the space as they possibly can," he said.

Two major government reports, obtained by the group earlier this year under freedom of information laws, show that numerousrecommendations about the area's transport capacity have still not been acted on.

"If you look with who actually is moving into these places, moving into new apartments, it will mean young families, and again planningfor schools, for childcare – which is so important for productivity – is lagging far behind what the consequential demand will be," MrJenkins said.

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1 of 2 07-Oct-15 7:48 PM

Green Square projection v top 10 densities

*Projected 2030 figure, all others 2014 figures

Source: ABS (2015) Regional Population Growth; City of Sydney Get the data Created with Datawrapper

Cr Moore, who noted the city was investing more than $540 million on new facilities for Green Square, said the new figures highlightedthe urgent need for new schools and transport.

"The NSW government has still not allocated any funding or revealed where the local primary and high schools will be located for tens ofthousands of new residents in Green Square," Cr Moore said.

But in the face of "worsening traffic congestion", she welcomed recent comments by Transport Minister Andrew Constance, who said alight rail line was needed to prevent the area becoming a major traffic choke point for the whole of Sydney.

"The City has already invested $40 million to secure most of a transport corridor and we are now working with Transport for NSW toassess funding models, look at route options and undertake other work required to progress the development of a new network," Cr Mooresaid.

Labor councillor Linda Scott said City of Sydney documents from more than a decade ago highlighted the need for services including alibrary, swimming pool, and community centre at Green Square.

Of these, only the community centre had been built, Cr Scott said.

"For the term of the current lord mayor, as more and more units are completed, the infrastructure needed for Green Square has not beendelivered and local residents have missed out," Cr Scott said.

However, a council spokesman said work on the library, pool and other parts of the town centre could not go ahead until after the counciland Sydney Water reached an agreement about major drainage works.

A deal was struck in 2013 and "these drainage works are now well underway," he said.

The new population figures come more than a year after Jan Gehl, the internationally renowned urban planner hired by the council, alsoflagged concerns about Green Square's overall density.

"It is quite high and it is quite dense and it will be somewhat overshadowed in many places, so it is extremely important that the spacesbetween the buildings become very acceptable, very attractive," the Danish architect said.

This story was found at: http://www.smh.com.au/nsw/green-square-infrastructure-under-pressure-as-projected-population-swells-20151007-gk2z1o.html

Print Article: Green Square: infrastructure under pressure as projected po... http://www.smh.com.au/action/printArticle?id=1001189868

2 of 2 07-Oct-15 7:48 PM


Andrew WilsonPublished: February 10, 2015 - 3:30PM

Sydney remains the runaway leader for capital city housing growth, according to the latest data from the Australian Bureau of Statistics.

In its established house price index for the December quarter released on Tuesday, the Sydney index increased by 3.4 per cent, compared with the next best cities, Melbourne andBrisbane, which both increased by 1.5 per cent.

Sydney also recorded the highest increase in the index over 2014 - up by 12.8 per cent - again well ahead of the equal second-placed Melbourne and Brisbane markets where establishedhouse price indices increased by 5.4 per cent.

Despite this strong growth last year, the Sydney increase was below the 16 per cent price rise recorded over 2013.

The Brisbane market's annual growth in 2014 was similar to the 5.7 per cent increase recorded in 2013. But the Melbourne established house price index weakened sharply over 2014,reporting nearly half of the 10 per cent recorded over 2013.

Other capital city markets produced patchy results with Perth recording growth of 1.5 per cent in 2014 compared with the 8.3 per cent the previous year. The Canberra established houseprice index increased by 2.6 per cent over 2014, a significant improvement on 2013 when it fell 0.3 per cent.

Dr Andrew Wilson is senior economist for the Domain Group,

Twitter @DocAndrewWilson

This story was found at: http://news.domain.com.au/domain/real-estate-news/growth-in-sydney-house-prices-outstrips-all-other-cities-abs-20150210-13atpt.html

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1 of 1 11-Feb-15 8:17 AM


Melanie KembreyPublished: June 4, 2015 - 8:24PM

Pollution stacks would be built near homes in Homebush and Haberfield and more than 180 properties would be demolished to make wayfor the proposed M4 East motorway extension.

New designs released on Thursday show that thousands of people will live near the emission outlets under plans to build three-lanetwin tunnels from the existing M4 at Homebush to Haberfield.

More than 4600 trucks and 20,000 cars are predicted to use the new tunnels under the inner west everyday. They are also expected toremove thousands of cars and trucks from the struggling Parramatta Road.

Electrical substations, a ventilation outlet, air supply inlet, fire pump and water tanks are proposed for the intersection of Wattle Street andParramatta Road in Haberfield and Underwood Road in Homebush.

The Haberfield outlet, which is about 600 metres from Haberfield Public School, will also emit ventilation from the future link between theM4 and M5.

Any health impacts of the stacks, as well as their design or height, have not been revealed. A WestConnex Delivery Authorityspokeswoman said the details would be included in an environmental impact statement to be released in the "next few months". Amore "detailed and precise" design would also be displayed for community consultation.

The delivery authority maintains that trials of tunnel filtration systems have shown they do not provide "value for money in removingpollutants from the air" and it would be more effective to upgrade or exclude smokey vehicles, according to a statement on its website. Itsays an air quality assessment and monitoring program for the M4 East has been developed.

The design also shows that entry and exit points for the 5.5-kilometre tunnels will be located at the M4 Motorway at Homebush, ConcordRoad at North Strathfield, Parramatta Road at Haberfield (near Bunnings) and the City West Link at Haberfield.

The spokeswoman said 182 residential and commercial properties will be compulsorily acquired to make way for the tunnels.

WestConnex Action Group spokeswoman Pauline Lockie said some residents had only found out they would be losing their homes onThursday as the plans were publicly released.

She said it was outrageous there had been no consultation and residents affected by the plans were "extremely distressed".

A large number of the homes to be lost due to the stacks and entry and exit points to the tunnel will be in Haberfield.

Haberfield Association president Emma Brooks Maher said the unique identity of Haberfield would be lost.

"Haberfield is a garden suburb of international significance. It's the world's first garden suburb and it should be looked at from its heritagepoint of view," she said.

The delivery authority spokeswoman said the project was designed to minimise property acquisition and more than 50 per cent ofWestConnex would be in underground tunnels.

"Some property owners are already in negotiations. Where properties are impacted, we contact owners as soon as we are in a position to doso," she said.

The $2.7 billion contract to build the extension has been awarded to Leighton Contractors, John Holland and Samsung C&T.

Roads Minister Duncan Gay said an extra 1.6 million people would live in Sydney in the next 20 years and WestConnex was needed to stopthe city coming to a "grinding halt".

"WestConnex will help provide relief for hundreds of thousands of motorists stuck in gridlock on the M4 and M5 each day," he said.

"We are investing historic levels of funding to build public transport like the $8.3 billion North West Rail Link, but upgrading Sydney's

Print Article: Haberfield and Homebush set for pollution stacks as M4 Ea... http://www.smh.com.au/action/printArticle?id=996797977

1 of 2 05-Jun-15 8:48 AM

existing motorway network is vital."

Fairfax Media revealed last week that the government's own traffic modelling showed that congestion on multiple roads in the inner westwould continue to worsen even after the motorway was built.

Opposition transport spokeswoman and Strathfield MP Jodi McKay said a business case for the WestConnex program needed to bereleased.

"It is concerning that this Liberal government is happy to hand out contracts while continuing to refuse to release the business case behindWestConnex," she said.

"Let the people whose homes will be compulsorily acquired at least see the business case supporting this road."

The construction of the M4 East tunnels still needs planning approval but is expected to commence mid next year and is due to becompleted in 2019.

This story was found at: http://www.smh.com.au/nsw/haberfield-and-homebush-set-for-pollution-stacks-as-m4-east-tunnel-plans-revealed-20150604-ghgu8p.html

Print Article: Haberfield and Homebush set for pollution stacks as M4 Ea... http://www.smh.com.au/action/printArticle?id=996797977

2 of 2 05-Jun-15 8:48 AM


Rose PowellPublished: January 15, 2015 - 8:58AM

New laws bad news for apartment owners, advocate says

Apartment owner Peter Davis has been locked in battles with his building's developers for years and warns new laws that come into force on Thursday will cause an "even worse hell forhome owners than we've been through".

Mr Davis and his wife bought an apartment in a new block on Sydney's upper north shore seven years ago, only to pay tens of thousands in legal fees to fix construction defects thatrequired replastering the pool, a new ventilation system, as well as fireproofing issues discovered only last year.

"We [the owners' corporation] have paid millions in legal fees and expert reports that would stand up in court. Under the new laws, we would have had to pay for the repairs ourselves.These new laws are completely inappropriate," Mr Davis said.

Owners of new apartments will now have only two rather than six years to get developers to foot the bill for building defects, once the Home Amendment Act takes effect.

A spokesman for Fair Trading NSW said the new laws, passed in September last year, were designed to strengthen the consumer protections and address issues in construction industry bychanging the licensing system for tradespeople.

These will increase penalties for practitioners and companies with a track record of issues, as well as changing payment structures to ensure fewer major defects.

Home owners will be able to access the previous six-year warranty only in relation to flaws that put the building or property at risk of falling down or becoming uninhabitable. Thedefinition for "major defect" is new in the act.

But the peak body representing strata owners has described the new defect rules as "draconian" and told Fairfax Media the changes would have serious and far-reaching consequencesbecause many issues take years to emerge.

"Apartment owners are in for a nasty shock when they discover problems from Thursday, and learn the government has left them pretty much on their own. Right now, I could not in goodconscience recommend buying into a new building," Owners Corporation Network executive officer Karen Stiles said.

"Once owners and lenders understand the enormity of these changes, the interest in new properties will plummet and that will impact the construction industry."

Building defects are remarkably common. In 2012, the University of NSW City Futures Research Centre found more than 85 per cent of apartment blocks built since 2000 have defects.

The most common defects were internal water damage, water penetrating from the outside, and fire safety shortcuts. But these issues will be covered by the six-year warranty only if theyare also designated as major defect.

Lead UNSW researcher Hazel Easthope said many significant common problems that can cost hundreds of thousands to fix were unlikely to be covered under the new laws.

"These are very serious defects but it can take years before the owner becomes aware of the issue," Dr Easthope said.

Print Article: Home Building Amendment Act: Sydney apartment owners say law changes are '... http://www.smh.com.au/action/printArticle?id=64905258

1 of 2 15-Jan-15 9:49 AM

"What may appear to be a hairline crack in two years can be a major problem in five. When you factor in how long it can take for owners corporations to get organised, two years is notmuch time at all."

Fair Trading deals with about 8000 complaints over residential buildingseach year. A spokesman for the department said the act offered an integrated package of laws for business andconsumers by being more specific and flexible.

"Importantly, the new laws will provide greater protection for consumers and offer clarity about rights and responsibilities of builders' liabilities, particularly in relation to defects," thespokesman said.

Urban Development Institute of Australia NSW chief executive Stephen Albin said the HAA was a series of commonsense changes that was good news for the construction industry andconsumers.

"Defects are unavoidable, they'll always happen but these laws will help put more integrity into the system and cut down on major defects by empowering qualified tradespeople," MrAlbin said.

More than 3 million Australians live in apartment blocks, and another 1 million are expected to move into apartment blocks within the next 10 years.

FACT BOX:

Building defects must be identified and compensation sought within two years.Flaws that make a building uninhabitable or likely to collapse can be classified as a "major defect".There is a six year warranty for major defects.Builders and traders face up to a year in prison for repeated unlicensed contracting work.Minor work worth under $5000 can now be carried out without a licence.The act was designed in partnership with a strata and home insurance amendment act, which has been delayed.

This story was found at: http://www.smh.com.au/nsw/home-building-amendment-act-sydney-apartment-owners-say-law-changes-are-draconian-20150114-12n57u.html

Print Article: Home Building Amendment Act: Sydney apartment owners say law changes are '... http://www.smh.com.au/action/printArticle?id=64905258

2 of 2 15-Jan-15 9:49 AM


Stephen Nicholls, Camille BianchiPublished: December 23, 2014 - 8:20AM

Auctions turned violent in Sydney's west on Saturday, with police called to break up a scuffle that broke out between protesters, buyers and even the auctioneers.

"One of the protesters actually grabbed a buyer, and grabbed one of our staff members," auctioneer Ricky Briggs said.

"He actually grabbed his collar and tie and scrunched it up just below the throat line ... that's when security guys jumped in and police were called."

The incident occurred during the auction of 12 homes in Homebush West, several of which were tenanted by people paying as little as $500 a month. It's understood that the main protesterwas the son of one of those tenants.

But the selling agents denied the tenants faced eviction. The houses sold for between $840,000 and $915,000 - as much as $200,000 above their written reserve price. "They were all Asianbuyers .... they thought they got them cheap," Robert Pignataro, of Strathfield Partners, said.

"We had 350 people there, minimum, and we were just going from house to house."

After the scuffle at one of the final auctions, Mr Briggs said three police officers arrived "within minutes" and soon called for back up. "A lot of the buyers were scared," he said. "Weended up having 12 police there and two detectives."

The auctioneer said a female police officer had stepped in after the main protester - who was there with six of his friends - again "went for the same staff member".

"Basically she got in between those two .... and she literally picked him up and threw him backwards".

Mr Briggs said that police evacuated two streets following the incident."They kicked everyone out as soon as the last auction finished - they removed everyone."

Mr Pignataro said he was selling the Federation homes on behalf of a private investor who had purchased all of them on November 21 from the Sydney Olympic Authority for $5.8million.

"And we resold all of them in less than a month for $10.5 million," Mr Pignataro said.

"We gave one a coat of paint and polished the floors and put some furniture in there - that was the extent of what we did."

He said that some of the tenants had been living in the houses for as long as 66 years in houses built for local abbatoir workers. "Some were prescribed lifetime tenancies," Mr Pignatorosaid.

"We are not looking at kicking any of them out - they can either stay [at the same rent] or opt to negotiate with us to receive a lump-sum cash settlement, which will be attractive."

Mr Briggs said he was happy to have achieved strong results for the properties. The three-bedroom Federation home at 14 Welfare Street that had been spruced up for the auctions sold for$200,000 above the reserve.

But he was annoyed that some of the tenants had turned violent. "They went to great length to interrupt the auctions and bring disrepute to the crowd," he said.

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1 of 2 23-Dec-14 10:19 AM

"They were screaming over the top of me saying we were being fraudulent."

Mr Briggs said that the main protester was holding up a piece of paper. "It was a photocopied piece of paper - it looked like it was from the 1960s or something - and he said it proved hehad bought this house for a couple of hundred dollars," he said.

"But I just boomed back that this gentleman's names were not on the contract and they had told me to sell."

Mr Pignatoro said that collectively, the properties went $1.4 million over the reserve. Some of the buyers had purchased more than one property.

Seven of the homes hadn't been lifetime tenancies and were people paying normal rents of about $500. They had already moved out. He said the unrenovated properties would rent out for$550 a week and the renovated homes up to $750 a week. "No problem - if we put them on the market, the next couple of days we will have tenants," he said.

Strathfield police said that none of the protesters had been arrested or charged with any offences. None of the protesters could be contacted for comment.

This story was found at: http://news.domain.com.au/domain/real-estate-news/homebush-auctions-turn-violent-20141223-12c8qu.html

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2 of 2 23-Dec-14 10:19 AM

Mayor slams approval for developmentTuesday, 20 May 2014 15:27 // Stay Inner West//

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Leichhardt Mayor Darcy Byrne has slammed the approval of a controversial Balmain housing

development at the former Nutrimetics site in Elliot Street, Balmain.

New South Wales Government appointed Joint Regional Planning Panel (JRPP) unanimously approvedthe Roche Group development recently despite the strong opposition of local residents and a 2012application being refused by the NSW Land and Environment Court.

The approved plans are for a mixed use development across eight buildings including 104 residentialunits.

“Despite supposedly making changes to the development application, this is still a very largedevelopment that will have a huge traffic impact on local streets that are already very congested,” CrByrne said.

“The State Government was elected on the specific promise of ‘returning planning control to localcommunities’, but in the case of this site, it has repeatedly done exactly the opposite.

“The Joint Regional Planning Panel (JRPP) is a State Government agency which our local communitydoes not control.

“The fact that we had to use $450,000 of ratepayers’ funds to defend the JRPP's previousdetermination in the Land and Environment Court because the State Government refused to defend itsown agency's ruling was a disgrace.”

Approved plans for 100102 Elliott Street include:

mixed use development including 8 buildings with ground floor commercial

19 serviced apartments and gymnasium as well as retail uses

104 residential units above basement parking for 251 vehicles

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Lucy CormackPublished: March 23, 2015 - 7:25AM

It may have been Marrickville's only chance to share the limelight with Jackie Chan and Bruce Lee.

But amysterious proposal from a developer who has built two museums in honour of the martial arts greats has failed to be realised, after council rejected an ambitious offer to purchasethe old Marrickville Hospital site.

The genesis of the unsolicited $52 million bid was the topic of a lengthy debate at a council meeting this week, with some councillors raising concerns about how the offer was putforward.

The bid, which was not formally lodged by a Tuesday deadline, was voted down by all 12 councillors.

The council is in the middle of an expressions of interest process to build a long-awaited library and community hub at the site.

It is a far cry from the $52 million vision Maxma Developments Pty Ltd had in mind: a 110-room four-star hotel, an exhibition centre, 400 residential units and commercial premises of2000 square metres.

In a letter to council on February 6, a lawyer for Maxma Developments Pty Ltd director Xianhong Ma submitted the $52 million expression of interest for the site, explaining Mr Ma hadbeen "actively engaging in property developments in Foshan, China, for years".

In China, his development coups include the Bruce Lee Action Museum and the Jackie Chan Museum.

Greens councillor Max Phillips said it was concerning that "only select Labor and Liberal councillors were invited" to the initial meeting between the council and a representative for thedeveloper.

"There had never been any suggestion that council would do anything other than develop a library on the site," said fellow Greens councillor David Leary.

"We were in the middle of a process for that and so we shouldn't be deviating from that, we should be building this important community facility… this is why the site was purchased 20years ago from the state government."

Marrickville's mayor, Mark Gardiner, told Tuesday's council meeting that he took on board that all councillors should have been notified of the November meeting, but rejected anysuggestion of wrong doing.

"I do bristle at the suggestion that there was something improper," Cr Gardiner said.

Mr Ma burst onto Sydney's property scene in June last year, with a $3.7 million purchase of a property in Prestons, proposed for the construction of about 45 townhouses.

In an email chain tabled by the council, Marrickville Council lawyer Joe Strati requested a "personal guarantee or other alternative security...given the shelf nature of the purchaser".

Less than a year old, Maxma Developments Pty Ltd was incorporated on May 5 last year, and holds $100 in paid up capital.

Print Article: Mysterious $52 million bid for Marrickville old hospital site rejected http://www.smh.com.au/action/printArticle?id=97600875

1 of 2 23-Mar-15 9:29 AM

While the offer was ultimately rejected, Cr Gardiner said it was "certainly interesting and instructive to hear from a developer how much they think the site is worth".

He said this would better inform council of the "actual market value" when the formal tender process continues.

Marrickville Council intends for the site to include a library and community hub with adjoining open space, 60 underground car spaces, 4 per cent affordable housing and a residential andcommercial development.

Mr Ma could not be contacted through his solicitor on Friday.

This story was found at: http://www.smh.com.au/nsw/mysterious-52-million-bid-for-marrickville-old-hospital-site-rejected-20150323-1m3xbf.html

Print Article: Mysterious $52 million bid for Marrickville old hospital site rejected http://www.smh.com.au/action/printArticle?id=97600875

2 of 2 23-Mar-15 9:29 AM


Leesha McKennyPublished: March 24, 2015 - 9:05PM

Drastically reducing the number of NSW councils would carry an upfront cost of $445 million, the NSW parliamentary budget office has estimated.

However, the cost of cutting back the state's 152 councils to just 38 would be "significantly higher" if the mergers were forced, the briefing note said.

"It is assumed the council mergers would be voluntary, not forced, therefore any costs arising from legal challenges to or disputes about the merger have not been included," it said.

The costing, which was sought by Labor, assumes almost every merger put forward in 2013 by the Independent Local Government Review Panel was to go ahead instead of other optionsalso detailed in the panel's report, like joint organisations.

Print Article: NSW state election 2015: Reducing NSW's 152 councils to 38 would cost $445 mi... http://www.smh.com.au/action/printArticle?id=97725124

1 of 3 25-Mar-15 9:53 AM

The proposal to merge Botany Bay, the City of Sydney, Waverley, Randwick and Woollahra carried the highest upfront cost, at $37.6 million.

This figure was followed by $31.5 million to merge the inner-west councils of Marrickville, Ashfield, Burwood, Canada Bay, Leichhardt and Strathfield.

"IT and communications systems expenditure" was identified as the biggest cost, at 45 per cent, with employment transition costs put at about 20 per cent.

Labor's local government spokeswoman Sophie Cotsis seized on the figures as proof the Coalition's "Fit for the Future" reform package, which requires councils to consider voluntarymergers, was a "complete sham".

"The Liberals and Nationals' claim they are putting $258 million on the table to help councils merge – that is at least a $187 million shortfall of the true cost that has been confirmed by thePBO," Ms Cotsis said.


2 of 3 25-Mar-15 9:53 AM

The briefing note also estimated the net cost of the mergers to be $114 million, noting most of the savings "will continue to accrue over the long term".

"Many of the proposed mergers may have a net benefit under a long-term horizon," it said.

A spokeswoman for Local Government Minister Paul Toole said reducing 152 councils to 38 was "not our policy".

But the spokeswoman declined to rule out whether some councils would be forced to merge, should the Baird government be re-elected.

"We have asked councils to put forward a proposal on how they will become Fit for the Future and we have offered a package of incentives of up to $1 billion," she said.

The parliamentary budget office based the estimate on a 2009 review of the costings of mergers in Queensland, where 157 councils were reduced to 73.

The modelling also assumed 30 per cent of the costs were related to the size of the merging councils, and the expected complexity of each merger.

This story was found at: http://www.smh.com.au/nsw/nsw-state-election-2015-reducing-nsws-152-councils-to-38-would-cost-445-million-modelling-shows-20150324-1m6l6s.html


3 of 3 25-Mar-15 9:53 AM


Leesha McKennyPublished: March 24, 2015 - 9:05PM

Drastically reducing the number of NSW councils would carry an upfront cost of $445 million, the NSW parliamentary budget office has estimated.

However, the cost of cutting back the state's 152 councils to just 38 would be "significantly higher" if the mergers were forced, the briefing note said.

"It is assumed the council mergers would be voluntary, not forced, therefore any costs arising from legal challenges to or disputes about the merger have not been included," it said.

The costing, which was sought by Labor, assumes almost every merger put forward in 2013 by the Independent Local Government Review Panel was to go ahead instead of other optionsalso detailed in the panel's report, like joint organisations.


1 of 3 25-Mar-15 9:53 AM

The proposal to merge Botany Bay, the City of Sydney, Waverley, Randwick and Woollahra carried the highest upfront cost, at $37.6 million.

This figure was followed by $31.5 million to merge the inner-west councils of Marrickville, Ashfield, Burwood, Canada Bay, Leichhardt and Strathfield.

"IT and communications systems expenditure" was identified as the biggest cost, at 45 per cent, with employment transition costs put at about 20 per cent.

Labor's local government spokeswoman Sophie Cotsis seized on the figures as proof the Coalition's "Fit for the Future" reform package, which requires councils to consider voluntarymergers, was a "complete sham".

"The Liberals and Nationals' claim they are putting $258 million on the table to help councils merge – that is at least a $187 million shortfall of the true cost that has been confirmed by thePBO," Ms Cotsis said.


2 of 3 25-Mar-15 9:53 AM

The briefing note also estimated the net cost of the mergers to be $114 million, noting most of the savings "will continue to accrue over the long term".

"Many of the proposed mergers may have a net benefit under a long-term horizon," it said.

A spokeswoman for Local Government Minister Paul Toole said reducing 152 councils to 38 was "not our policy".

But the spokeswoman declined to rule out whether some councils would be forced to merge, should the Baird government be re-elected.

"We have asked councils to put forward a proposal on how they will become Fit for the Future and we have offered a package of incentives of up to $1 billion," she said.

The parliamentary budget office based the estimate on a 2009 review of the costings of mergers in Queensland, where 157 councils were reduced to 73.

The modelling also assumed 30 per cent of the costs were related to the size of the merging councils, and the expected complexity of each merger.

This story was found at: http://www.smh.com.au/nsw/nsw-state-election-2015-reducing-nsws-152-councils-to-38-would-cost-445-million-modelling-shows-20150324-1m6l6s.html


3 of 3 25-Mar-15 9:53 AM


Melanie KembreyPublished: June 10, 2015 - 6:07PM

A light rail route linking Parramatta and Strathfield via Sydney Olympic Park would be a "white elephant" passing through "wastelands",according to Parramatta's Liberal lord mayor Scott Lloyd.

Parramatta Council has ramped up its campaign to have its preferred route for the $1 billion light rail network built amid concerns that thestate government is leaning towards the Strathfield option.

The council is lobbying for a route from Westmead to Epping via Carlingford, a shorter version of one of the four routes being consideredfor construction.

The four routes are: Parramatta to Macquarie Park via Carlingford and Epping, Parramatta to Castle Hill via Old NorthernRoad, Parramatta to Bankstown, Parramatta to Strathfield/Burwood via Sydney Olympic Park.

The liberal dominated Parramatta Council has unanimously agreed to write to Premier Mike Baird and Transport Minister AndrewConstance to express concerns that a Strathfield tram would be unused and financially unviable.

The proposed Westmead to Epping route would link the Westmead health precinct, the Parramatta CBD and the University of WesternSydney's two city campuses. It would use the existing Carlingford rail line and would form a spine off which extensions to Macquarie Park,Castle Hill and Olympic Park could later be built.

Cr Lloyd said while the Strathfield route would connect areas earmarked for growth, such as the industrial Camellia precinct, it would beseveral years before such development occurred and "bums on seats" should be the priority of the first route.

"We have serious concerns that passenger numbers would not be sufficient to sustain the Strathfield via Olympic Park route as the firstphase of the project, potentially jeopardising its expansion," Cr Lloyd said.

"You don't want to have a white elephant...How many empty trams will be going through the wastelands of Camellia not seeing a house orunit or anything for the next seven years?"

The Western Sydney Regional Organisation of Councils has also spoken out against the Strathfield route, saying the state governmentshould consider "residents over the voice of investors".

"We have a backlog of public transport need in western Sydney, and catering for potential future development rather than existingcommuter need is irresponsible," president Tony Hadchiti said

A coalition of big businesses has formed the West Line Partnership, which has been lobbying hard for the Strathfield via Sydney OlympicPark route.

Partnership spokesman Chris Brown criticised western Sydney representatives for pushing for a single route, saying they should have"more ambition".

"We're not going to be part of the zero sum game of bidding against each other," he said.

"The representatives of Western Sydney should have more ambition for western Sydney. We believe in two extension lines – one toCarlingford along the train line and one to Sydney Olympic Park. Western Sydney shouldn't have to pick one."

The Sydney Olympic Park route could partially "pay for itself" through developers entering "voluntary planning arrangements" and the linewould activate growth in a pivotal and underused Sydney corridor, Mr Brown said.

A spokesman for Mr Constance said no decision had been made about the route.

"We are continuing to investigate four shortlisted options for a new light rail network in western Sydney. This includes consideration of aroute to Sydney Olympic Park and Strathfield. The NSW Government will have more to say as this work progresses," he said.

Print Article: Parramatta light rail: Sydney Olympic Park tram would be ... http://www.smh.com.au/action/printArticle?id=996983352

1 of 2 11-Jun-15 10:04 AM

The state government has previously said construction of the chosen route would start in its second term.

This story was found at: http://www.smh.com.au/nsw/parramatta-light-rail-sydney-olympic-park-tram-would-be-a-white-elephant-20150610-ghkta0.html

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Melanie KembreyPublished: September 22, 2015 - 5:07PM

NSW Planning Minister Rob Stokes has declared Sydney's "urban sprawl is over" at the same time as he unveiled plans to release enoughland for the construction of 35,000 new homes south of Campbelltown on Tuesday.

But urban planners and the state opposition immediately seized on the apparent contradiction, saying residents in the new communities,which are as far away from the Sydney CBD as 80 kilometres, could be stuck spending hours every day commuting.

The 7700 hectares to be released by the government will see communities built at Menangle Park and Mount Gilead on the outskirts ofCampbelltown, and a new Bathurst-sized town about 20 kilometres further south to be called Wilton Junction.

Mr Stokes insisted, however, that existing transport networks would not be strained as the 100,000 people expected to live in the newcommunities would work at the nearby regional centres of Campbelltown and Wollongong.

"We are declaring that urban sprawl is over. Instead Greenfield releases are going to be focused on supplying that infrastructure and thosejobs locally so people won't be locked into vast commutes over vast areas," Mr Stokes said.

"Sydney is too big to allow commuting to continue what we need to do is provide the jobs closer to where homes are."

Mr Stokes said Wilton Junction would become the fifth largest regional city in NSW and there was no suggestion it would "ever form partof Sydney physically".

But University of Sydney urban planning professor Peter Phibbs said this was "urban sprawl plus" and while additional housing supply wasa positive, south western Sydney had long struggled to attract jobs so new residents could be forced into lengthy commutes on road andtrain networks already operating at capacity.

"Unless there is some remarkable turnaround or huge public investment, recent history would suggest those areas are not very good atgenerating employment growth," Professor Phibbs said.

"We know people in western Sydney travel long distances so unless their behaviour changes markedly at least some of those people will bespending a lot of time connecting up with services and employments in other areas."

The Sydney Business Chamber's western Sydney director David Borger said Campbelltown was a weak job provider and there needed tobe more government investment in the suburb if the plan was to be successful.

Minister Stokes said the new communities would help meet Sydney's need for more homes and put downward pressure on prices. The threecommunities will be created over the next 30 years, with the first houses to be built in in Mount Gilead within the next two years.

There would be potential job opportunities arising, Mr Stokes said, in Campbelltown's health and tertiary education sectors, the airport atBadgerys Creek and "emerging industries" in the Illawara and the Macarthur regions.

"The great things about these areas is they are located between so many choices of regional centres that can be destinations for investmentand for jobs," he said.

"The fact of this development pipeline itself will create many thousands of new jobs in this area."

The infrastructure needs, the minister said, would be delivered in step with the provision of the new houses.

He said investigations would take place into upgrading local and regional roads, adding additional rail capacity, bus services and healthfacilities and constructing new high schools and primary schools.

NSW Opposition leader Luke Foley said it was "poor planning" to continue building on the outskirts of Sydney without a ready supply ofjobs.

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1 of 2 22-Sep-15 5:48 PM

"We're talking about a region of Sydney that will grow in population by half a million people yet we're talking about jobs growth of 20,000– that means more and more people travelling 70 kilometres to the Sydney CBD day and night," Mr Foley said

"Simply rolling out more supply won't solve the housing affordability crisis for Sydney. More supply is part of the answer, but thisGovernment has a blind faith in market solutions."

The vision for area is contained in the government's Preliminary Strategy and Action Plan for the Greater Macarthur Land Release Area.

It will be on public exhibition until November 4 after which the government will form a more detailed plan for the area.

This story was found at: http://www.smh.com.au/nsw/planning-minister-rob-stokes-unveils-plans-to-create-three-new-communities-south-of-campbelltown-20150922-gjs8ev.html

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2 of 2 22-Sep-15 5:48 PM


Jacob SaulwickPublished: October 22, 2015 - 4:44PM

Glebe Island Bridge could be re-opened as a tram line and Wentworth Park redeveloped as part of the government's massive proposedoverhaul of inner harbour areas in Sydney's west.

But a "transformation plan" for Sydney's Bays Precinct, released on Thursday by Premier Mike Baird and Planning Minister Rob Stokes,was otherwise light on detail about what new public transport or housing would be included in the area.

"It is difficult to really imagine how big the opportunity here is," Mr Stokes said. "It's the last remaining large development site for renewalanywhere on Sydney Harbour ... to put it in perspective, Barangaroo is around 20 hectares, this site is more than 90 hectares," he said.

For the past 18 months, government development agency UrbanGrowth NSW has been working on proposals to re-shape the area, whichincludes parts of Glebe, Rozelle, White Bay and the Sydney Fish Market.

The agency's report, released on Thursday, maps out 20 to 30 years of redevelopment, focusing initially on the White Bay Power Station atRozelle, as well as areas around the Fish Market.

"We have all driven past this site for many years, wondering if something could be done; well, today we are making it happen," Mr Bairdsaid at the power station.

The Premier's plan is for the power station, built in 1912, to be converted into a high-tech business hub, though he did not spell out specificmeasures to attract businesses.

The Fish Market is intended to become a "market precinct", and a request for proposals from the private sector will be released early nextyear.

Mr Stokes also announced that the redevelopment plans would include the adjacent Wentworth Park, though that park was expected toremain as public space.

"Obviously Wentworth Park is a crucial piece of the city's open space," Mr Constance said. "It's very important that as we undertake theplanning for Wentworth Park, we look at those recreation opportunities and how to ... link in Wentworth park to the adjacent waterfront andthe Bays market district," he said.

But the report released by Mr Baird and Mr Stokes did not address how to improve transport access, nor where or how much new housingwould be developed. The chief executive of UrbanGrowth NSW, David Pitchford, has previously said the precinct would be a "disaster"without major new public transport.

Mr Stokes said housing and transport plans would be released early next year. "That work is currently underway with ... Transport forNSW and all options are being looked at, from mass transit options, from light rail to ferries, to cycling and pedestrian pathways as well asprivate vehicle movements," he said.

But artist's impressions released on Thursday include images of trams on the old Glebe Island Bridge. The Roads Minister, Duncan Gay,had previously raised the idea of demolishing the structure.

Labor leader Luke Foley and the Labor mayor of Leichhardt, Darcy Byrne, called for an investigation of metro rail to the area.

"With the sheer grandiose scale of what they've been proposing ... that's the sort of thing that can only sort of work with fast undergroundrail," Cr Byrne said.

"None of this will work without significant mass transit," said Cr Byrne, who said the precinct risked being "Chatswood by the sea" if it didnot have a mass transport system.

Mr Pitchford said the request for proposals to redevelop White Bay Power Station, to be released next week, would not include a mandateon whether to use the existing structure.

But he said he expected proponents would want to re-use the building, while they would also be required to incorporate historic machineryinto their development plans.

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1 of 2 22-Oct-15 5:52 PM

"We will require an honouring of the history of it," he said.

"Structurally it is very sound," he said of the building itself. "We are not looking to interfere with the integrity of the structure, but we areopen to suggestions as to how the structure might be used as a platform to do things differently," he said.

This story was found at: http://www.smh.com.au/nsw/return-of-trams-to-glebe-island-bridge-floated-in-inner-harbour-overhaul-20151022-gkfq5l.html

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2 of 2 22-Oct-15 5:52 PM


Melanie KembreyPublished: September 14, 2015 - 11:23AM

High-rise plans move forward in two Sydney suburbsPublic transport at Wentworth Point will ease traffic woes: developer

The suburb of Wentworth Point stacks up well on paper: waterfront views, surrounded by parklands, located at the centre of metropolitanSydney.

There is just one problem. Residents say getting in and out can be a nightmare – and they are worried it is about to get a whole lot worse.

In the next three years, construction will start on another 2500 apartments on the peninsula, which is expected to become home to morethan 20,000 people in the next 15 years.

But the lone road in and out of the peninsula, locals say, already struggles to cope with demand.

"They have managed to create a place that basically has got really bad road access and they have put stacks of people there and theywonder 'why there is a problem?' " said University of Sydney urban planning professor Peter Phibbs.

Professor Phibbs said the government had failed "planning 101" in overestimating the capacity of the peninsula. Thedevelopment represented an "own goal" for the government as it provided an argument for anti-density campaigners.

"We're trying to get the public more interested in density and here we've got a government-led scheme that just provides ammunition forthe density haters who are going to say that density induces congestion," he said.

The road networks around the growing Homebush Bay and Sydney Olympic Park also clog during peak times, with residents reportingthat it can take them more than half an hour to pass through the Australia Avenue/DFO Homebush roundabout.

Wentworth Point currently only has one bus service, the 526, which often runs late and can take 45 minutes to reach Strathfield station, lessthan 10 kilometres away.

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1 of 3 14-Sep-15 11:55 AM

Two high-density residential neighbourhoods, including a primary school, shops and plaza, are set to be be built on waterfront sites at thetip of the Wentworth Point peninsula.

A spokesperson for UrbanGrowth NSW, the government's property development arm, said it would be two to three years beforeconstruction on the first apartments started and this was ample time to complete infrastructure upgrades.


2 of 3 14-Sep-15 11:55 AM

An artist's impression of what the new development at Wentworth Point could look like. Photo: UrbanGrowth NSW

A bridge designed for buses, cyclists and pedestrians, which was funded by developers in exchange for uplift, is under construction andwill soon put Wentworth Point residents within about one kilometre of Rhodes station.

However, the T1 Northern Line via Strathfield is already crowded and, on average, has 135 per cent passenger loads by the time it reachesRedfern during the morning peak.

The M4 widening as part of the WestConnex motorway project will also provide residents new access to the M4 eastbound from Hill Roadin Sydney Olympic Park, although there will be no westbound exit.

Wentworth Point Community Central member John Spooner said the government had created Wentworth Point "back to front".

"We all understand that people have to live somewhere and for people to live somewhere developers have to develop," he said. "Thedevelopers seem to be able to get on with it, but the government doesn't seem to be able to help with the infrastructure."

In a statement, Planning Minister Rob Stokes said the area was ideal for a new community.

"We have undertaken extensive community consultation, and ensured the precinct will have good access to public transport, jobs, a newschool, services and open space, in keeping with best-practice planning," the minister said.

This story was found at: http://www.smh.com.au/nsw/nsw-planning-sydney-suburb-wentworth-points-traffic-trap-fuels-density-haters-20150914-gjhcrj.html


3 of 3 14-Sep-15 11:55 AM


Jacob SaulwickPublished: September 11, 2015 - 5:16PM

When Dora Makaritis realised the route of the WestConnex motorway would run under the inner west suburb of Croydon, she immediatelybecame concerned about the impact of digging a six-lane tunnel under her home.

So she asked the WestConnex Delivery Authority, multiple times, why the motorway would run under her suburb and not 300 metres northunder Parramatta Road.

And she was told, multiple times, it had nothing to do with potential property development.

"We were told a couple of things," said Ms Makaritis. "One of them was that you could not travel 80 kilometres an hour under that[Parramatta Road] route," she said. "The route had to be a straight line, and not a zig zag."

But she said none of the reasons offered at multiple WestConnex information nights related to preserving Parramatta Road for futureproperty development.

So Ms Makaritis felt betrayed this week when, reading the Environmental Impact Statement for the M4 East tunnel component ofWestConnex, she saw two reasons listed for why the motorway should not run under Parramatta Road.

"Tunnels below Parramatta Road would restrict the depths to which buildings could be constructed, in particular basements or footings fortaller buildings," the EIS says. "This would restrict opportunities for urban revitalisation and improved liveability along and aroundParramatta Road."

As well as Ms Makaritis and her neighbour Tarja Shephard, Labor's roads spokeswoman and Member for Strathfield Jodi McKay said shealso feels misled by this aspect of the WestConnex project.

"I was told numerous times by the WDA that the reason for avoiding Parramatta Road had nothing to do with development," Ms McKaysaid. "They were categorical."

Ms Makaritis and Ms Shephard are concerned about the impact of construction below their properties. They are worried about the noiseand vibration of underground drilling. "Our old federation homes are worthy of historical value and preservation," Ms Shephardsaid. "They have shallow footings, are very fragile and with crumbling lime mortar."

A spokeswoman for the WestConnex Delivery Authority said the route south of Parramatta Road was chosen because of its shorter tunnellength, ground conditions, and alignment with proposed later sections of the motorway.

The spokeswoman said the chosen alignment had the "potential benefit" of preserving "the Parramatta Road corridor for future urbanrenewal" but this was "not the reason it was selected".

The state government has delayed plans for the development of Parramatta Road. A consultation process on a new plan, however, isscheduled to start within the next few weeks.

"This was also made clear by the project team in both community meetings," the spokeswoman said.

This story was found at: http://www.smh.com.au/nsw/the-hidden-reason-westconnex-runs-near-not-under-parramatta-road-20150911-gjklmi.html

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