2017-09-12 P&E Agenda - Attachments 1, 2 & 3 to Item 8 - Local Government Infrastructure Plan

As requested, the opinions of market values of vacant land relative to property category, location and
type is not necessarily specific to an individual property, rather an opinion of a likely achievable value for
a typical average sized allotment. Obviously, a reasonable degree of market value range would apply in
 most instances. We have however attempted to provide an opinion of value represented as a single
value within our spreadsheet matrix assessments.
 For ease of reference, each property category is consistently colour coded throughout all 3 divisional
areas. The location within each divisional area is subsequently referenced to individual maps attached to
this report which assists with the identification of bundled suburbs within each division.
 Our assessments by necessity make some fundamental assumptions as to typical property sizes relative to
 property type. These property sizes and range of sizes are clearly identified within the spreadsheet
 matrixes.
We advise that our opinions of market values are based upon a large body of market evidence and
transactions that have occurred within the previous 2 years within the Sunshine Coast Regional Council
 Local Authority. We confirm that we hold this evidence on file. Due to the ongoing effects of the Global
 Financial Crisis, the Sunshine Coast market continues to be within a recessionary phase with this market
 remaining subdued. The volume of property transactions coupled with a continuing trend of declining
values is anticipated to continue for 2012. Due to this trend of declining values and transaction
 numbers, we have attempted to reflect this market sentiment within our Generic Land Value Assessments.
 | trust that our spreadsheet matrixes assist with your future infrastructure planning.
 Should you have any further queries concerning the outcomes of our brief and/or any specific opinions of
values, CBRE will be happy to assist.
Yours faithfully,
 CBRE Valuations Pty Limited

          _ ee
Sile Doyle, B.Bus, AAPI
 Registered Valuer No. 2043
 Director, Valuation & Advisory Services
Appendices:
I.     Glossary of Terms
Il.    Division Area Maps
 Ill.  Spreadsheet Matrixes

                                   VALUATION & ADVISORY SERVICES
                                                    3                                   CBRE
 12 446 019 letter.doc