Investor Presentaiton

MIRVAC LIVING SECTORS INVESTOR DAY Sector outperformance - Australia LIKE INTERNATIONAL MARKETS, BTR IS EXPECTED TO TRADE INSIDE THE TRADITIONAL SECTOR CAPITALISATION RATES One of the lowest vacancy rates across Australian asset classes - 1.0% Lowest level of volatility across rental growth and vacancy NATIONAL VACANCY RATES ACROSS SECTORS 16% 12 8 4 Rental growth outperformed inflation by 130bps historically Major affordability constraints entering the residential sector, affecting home ownership Strongest 20-year population growth in the developed world -1.5% p.a. INDEX OF RENTS BY SECTOR June 09 =100 180 140 100 0 60 Jun 05 Jun 08 Jun 11 Jun 14 Jun 17 - - Office Jun 20 Residential Jun 23 CBD Retail Jun 05 Jun 08 Jun 11 Source: JLL REIS - Office includes Sydney CBD, Melbourne CBD, Brisbane CBD, Perth CBD, Adelaide CBD and Canberra; SQM All dwellings RENT GROWTH ABOVE CPI Australian Annual Rent Growth Across Sectors mirvac 4.00% 3.94% 4.0% 2.00 2.7% 2.4% 0 (2.00) (3.4%) (4.00) Jun 23 Medium Unit Rent Prime CBD Office Net Effective Industrial Retail CPI Jun 14 Jun 17 Jun 20 - Residential Office Retail - Industrial Source: SQM Median weekly unit rents, Australia; JLL. Retail includes prime CBD Retail, Industrial includes Sydney Outer Central West & South, Melbourne South & West, Perth, Brisbane Trade Coast & South, Perth North and Adelaide Inner West Source: SQM Median weekly unit rents, Australia; JLL. Retail includes prime CBD Retail, Industrial includes Sydney Outer Central West & South, Melbourne South & West, Perth, Office Net effective rents Median Syd, Melb, Bris CBD 10 OCTOBER 2023 23

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