Stockland Australia - Residential Communities

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Victoria - released to market
Property/ Acquisition date	Location	Total ProjectValue ($m)*	Total Lots	% Sold^	Current Price Range	Description of project
Highlands 2004	Craigieburn	$1,069	5,488	33%	$135,000 - $250,000	A major masterplanned community located in Melbourne's northern suburbs with picturesque views of surrounding hills and the Melbourne CBD skyline. The project provides for residential, medium density, retirement living & school sites together with retail and commercial components.
Highlands Newbury Village## 2004	Craigieburn	102	723	66%	$113,000 - $205,000	Newbury Village is an entry level community that forms part of Highlands, located in Melbourne's northern suburbs. The project provides for entry level residential living and draws from the extensive amenities that Highlands has to offer.
Mernda Villages 2002	Mernda	$465	2,436	28%	$137,000 - $220,000	Major masterplanned community, located 29km north of Melbourne, appealing to a broad market including young and mature families.
Eve 2004	Cranbourne North	$161	846	39%	$137,000 - $200,000	A vibrant family focussed community located 42km south-east of Melbourne. Eve is a masterplanned community providing facilities that appeal to active, growing families.
Hawkstowe 2002	South Morang	$123	747	49%	$148,000 - $247,000	An exclusive community surrounded by state parks, located 25km north of Melbourne appealing to space seeking environmentally conscious families.
Sierra 2004	Cranbourne North	$44	246	76%	$166,000 - $226,500	Premium living in natural surrounds located 42km south east of Melbourne, appealing to lifestyle seeking 2nd and 3rd home buyers.
Total		$1,964	10,486

* T otal Net Revenue generated throughout the life of the project. ## Represents Stockland's 50% share with SREEF. ^ % sold relates to contracts settled.

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