Investor Presentaiton

Hobart historical residential vacancy rates Vacancy Rate (%) Tasmanian Audit Office 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% Hobart CBD Sandy Bay ⚫Hobart 2.7% 1.4% 0.8% 0.0% Jan 11 Jul 11 Jan 12 Jul 12 Jan 13 Jul 13 Jan 14 Jul 14 Jan 15 Jul 15 Jan 16 Jun 16 Source: Urbis 10

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