Urbis Market Outlook Docklands Nov 2021

POPULATION Melbourne is anticipated to see steady growth in population, despite the effects of the Covid-19 global pandemic. Dockland's population is forecast to significantly increase by 44% between 2021 and 2031; an annual increase of 3.7%, as the precinct continues to transform and attract new residents to its waterfront lifestyle. POPULATION GROWTH Docklands RETAIL & ENTERTAINMENT Victoria Harbour residents have access to numerous retail stores within the Harbour Town precinct. The District Docklands, an open-air retail and entertainment complex, houses more than 80 specialty retail stores, including a Hoyts cinema, mini golf course, museum, O’Brien Icehouse, bowling alley and games arcade. Cafés, bars and dining options are on offer for various occasions. The CBD and DFO South Wharf also offer retail, dining and entertainment options. Marvel Stadium holds major sport and music events throughout the year. EDUCATION Docklands is in proximity to many schools and world class universities, including RMIT University, Victoria University Flinders Campus and Australia’s number one ranked university – The University of Melbourne. In 2020, international students made up 41% of total enrolments at The University of Melbourne from across 155 different nationalities, supporting international demand from overseas students. These major universities attract local and domestic students from interstate, seeking a world class tertiary education and improved chances of graduate employability. MELBOURNE'S RESILIENCE Melbourne's internationally praised response to the Covid-19 global pandemic in 2020 and 2021 has further enhanced its appeal to new residents as a liveable and safe city. Ranked in the top 10 for safest major cities around the world (EIU, 2019) , its residents are supported by strong leadership and committed infrastructure investment to ensure a positive post pandemic outlook. CITY OF MELBOURNE LOCAL AMENITY Source: VIF 2019, Urbis 18,970 27,260 +44% increase 2021 2031 +8,290 new residents AVERAGE HOUSEHOLD INCOME 2016 Docklands residents are characterised by high incomes, due to high proportion of white collar workers driven by proximity to high skill employment. These figures are metre square (m 2 ) Source: City of Melbourne, 2019 1,572,000 Outdoor sports and recreation space 5,664,000 Office 674,000 Hospitals and clinics 4,979,000 Park and reserves 789,000 Retail 1,498,000 Education and research UNIVERSITIES & TERTIARY University of Melbourne RMIT University Victoria University Kangan Institute Kaplan Business School PRIMARY & SECONDARY Docklands Primary School Haileybury City Melbourne Grammar School Melbourne High School MacRobertson Girls School St Aloysius College University High School $109,000 Docklands Source: ABS Southbank Melbourne CBD Greater Melbourne +3% higher +44% higher +14% higher Prepared exclusively for Lendlease 3