Stockland Australia - Residential Communities

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Western Australia - yet to be released to market
Property/ Acquisition date	Location	Total ProjectValue ($m)*	Total Lots	% Sold^	Current Price Range	Description of project
Brookdale** 2004, 2007	Brookdale	$290	2,734	N/A	$173,000 - $188,000	This joint venture with the WA State Government will create a new masterplanned community 25km south-east of the CBD. The project will be delivered over 10 years and will see the land transformed into a vibrant, cohesive community providing much needed employment and economic growth to the region.
Corimbia 2005, 2006, 2007	Landsdale	$168	577	N/A	$257,000 - $283,000	Located 18km north of the CBD adjacent to Stockland's award winning Landsdale Gardens Estate. This estate will appeal to 2nd and 3rd home buyers. Tree lined avenues will be a significant aspect of the estate, connecting with the natural environment.
Brookdale West 2007	Brookdale	$42	246	N/A	$169,000 - $172,000	Located in Brookdale 25km south-east of Perth's CBD, Brookdale West will provide a range of suburban lot products. This acquisition is a consolidation of Stockland's joint venture with the WA State Government.
Settlers Hills East 2007	Baldivis	$79	416	N/A	$165,000 - $194,000	These two acquisitions will leverage off Settlers Hills' premium position in Baldivis. Just 38km south of Perth's CBD, this parcel of land will provide the opportunity to offer an affordable product mix which complements this masterplanned community and is located directly opposite Stockland Baldivis town centre.
Banjup 2008	Banjup	$485	1,568	N/A	$250,000	18 km from the CBD this 145 hectare project is located close to the Kwinana Freeway and Cockburn Central rail station and district shopping centre. This project has a current approval for special rural subdivision.
Total		$1,064	5,541

* T otal Net Revenue generated throughout the life of the project. ** I ncludes Stocklands estimated share of joint development income.

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