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Investor Presentaiton

HOUSING MARKET HAS SOFTENED HOUSE PRICE GROWTH HAS SLOWED¹ RENTS GROWTH CONTINUES TO BE WEAK² (%) (%, 6MEA) -Sydney Melbourne Brisbane Perth 25 20 10 15 10 5 5 0 0 -5 -10 -5 -Sydney Brisbane -15 -10 2013 2014 2015 2016 2017 2018 2019 2020 2004 2007 DWELLING INVESTMENT IS FALLING³ ($B) NSW VIC QLD 10 SA WA TAS 8 4 2 2010 Melbourne -Perth 2013 2016 2019 POPULATION GROWTH IS SLOWING4 (%) 7 2.0 1.5 1.0 0.5 0 0.0 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2000 2003 2006 2009 2012 2015 2018 Source: CoreLogic. 6-month-ended-annualised growth. Data to 31 October 2020 (2) Source: ABS (3) Source: ABS. Chain volume measure (reference year 2017-18). (4) Source: ABS. Year-ended growth. Data to Q1 2020 110 National Australia Bank
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