"Strong rental returns and depreciation benefits make this an ideal investment..."

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Rent Appraisal

The following is information from Lorraine Howes, Accredited Property Manager for ‘The Coast Property Management Centre Pty Ltd’

21st June 2007

RE: 38 O’SHEA CIRCUIT, VINEYARD GROVE, CESSNOCK

We submit a rental appraisal for a 3-bedroom villa ensuite, air conditioner and double garage in the Cessnock area.

On surveying the area we believe a rent achievable on a 3-br villa in the Cessnock area would achieve $300.00 - $330.00 rent per week.

This appraisal was submitted on properties renting in this area.
THE ABOVE RENTAL MARKET OPINION IS BASED ON THE CURRENT RENTAL MARKET

THE COAST PROPERTY MANAGEMENT CENTRE PTY LTD