History of Mosaic Property Group

6 DIRECTORS | 11 EXECUTIVES | 100+ STAFF | 4 BRISBANE OFFICES | 1 SUNSHINE COAST OFFICE | 1 GOLD COAST OFFICE | 15 DEPARTMENTS | 1 FOUNDATION

November

Brisbane apartment project Sayre at Windsor launched and met with very strong market demand. Gold Coast showroom / office opened in preparation for the launch of Bela at Mermaid Beach and multiple other high-quality projects in the future.

August

Avalon by Mosaic is launched on the waterfront in Maroochydore. Mosaic’s most significant, luxury development to date is valued at over $100 million, achieving $30 million in sales prior to launch and setting a new value benchmark for the Sunshine Coast.

July

Commence construction of Gold Coast office at Broadbeach in preparation for major apartment project release at Mermaid Beach.

June

Brisbane vacancy rates fall to 3% which represents a balanced market. This is reflected in Mosaic Property Management attaining our highest volume of rental enquiry historically for Brisbane apartments.

February

Australia’s largest residential data provider CoreLogic RPData published in February 2018 that Brisbane is well placed to take over as the best performing capital city housing market over the next five years. Research Director Tim Lawless stated that there are a variety of economic and demographic factors that are likely to support improving market conditions across South East Queensland. Market expert JLL, who tracks the new Brisbane Inner Apartment Market intimately, also concluded in January 2018 that supply had peaked, with the number of new apartments entering the market to reduce considerably over the next 18 to 24 months.

Commence building Drift at Coolum project on the back of unprecedented demand for quality Sunshine Coast apartment product, with a number of penthouse sales topping $2 million.

6 DIRECTORS | 80 STAFF | 3 BRISBANE OFFICES | 1 SUNSHINE COAST OFFICE | 11 DEPARTMENTS

July

Despite oversupply in inner Brisbane, Mosaic maintains 100% settlement and has 0% rental vacancy across all completed projects. Mosaic and other industry experts now predict that Brisbane and South-East Queensland will outperform all other capital cities and regional markets in the coming 5 – 10 year property cycle. At this point, Mosaic is already making early, counter cyclical acquisitions in Brisbane in anticipation of Brisbane leading the next east coast property cycle from late 2019.

June

CoreLogic reports Sunshine Coast has the second highest net internal migration gain of all SA4s in Australia, trailing the Gold Coast by 228 persons. Moreton Bay South, where Mosaic has acquired significant land holdings comes in at 5th position. Ormeau – Oxenford where Mosaic’s first Gold Coast project site is located, has the highest net internal migration of all Australian SA3 regions.

March

Bernard Salt declares the Sunshine Coast a ‘high value activated city’, an independent regional economy with employment depth, and significant connectivity beyond Brisbane. Mosaic has already secured an enviable pipeline of marquee, A-grade luxury apartment sites on the Sunshine Coast. This month, Mosaic also finalises acquisition of several large greenfield land aggregations in Moreton Bay Region.

Federal budget incentives to ‘downsize’ are anticipated to drive further demand for town house and town home product in SEQ.

January

Mosaic’s first Sunshine Coast project ‘Cyan’ in Caloundra is released and contracts issued for all apartments in approximately 12 weeks. Mosaic’s second luxury Sunshine Coast apartment project, ‘Solis’, sells 13 of 33 apartments during soft launch and is almost completely sold out within 12 weeks.

Media coverage of town houses tipped to be the ‘next hot ticket item in property’, with demand noted to be on the rise. Mosaic already has 5 town house projects at various stages of development.

6 DIRECTORS | 44 STAFF | 3 BRISBANE OFFICES | 9 DEPARTMENTS | 16 AWARDS

November

Media coverage of oversupply affecting inner city suburbs of Brisbane gathers pace, resulting in further ‘flight to quality’, to the significant benefit of Mosaic, further cementing the strength of the Group’s core strategy.

July

Meanwhile, inner Brisbane apartment market oversupply concerns become widespread and are broadly published in the media.

June

Mosaic’s first town house project ‘Havenwood’ situated in McDowall, a northern suburb of Brisbane, is released and sold out in under 11 weeks.

6 DIRECTORS | 22 STAFF | 2 BRISBANE OFFICES | 8 DEPARTMENTS

July

Mosaic identifies strong growth opportunities within the Moreton Bay Region and begins to acquire land for future development.

June

Mosaic are frequently on record discussing anticipated oversupply of small, investment grade apartments in inner Brisbane and a future ‘flight to quality’. Mosaic have already successfully completed, to much acclaim, 10 boutique Brisbane projects delivering larger, more functional, high quality apartments in carefully selected, high demand suburbs 3 – 10km from the Brisbane CBD.

4 DIRECTORS | 8 STAFF | 1 BRISBANE OFFICE | 5 DEPARTMENTS

June

Mosaic identifies significant market cycle opportunities across the Sunshine Coast and select areas of the Gold Coast.

3 DIRECTORS | 3 STAFF | 1 BRISBANE OFFICE | 3 DEPARTMENTS

June

Foreseeing an increase in detached housing performance and ‘downsizer’ demand, Mosaic moves to diversify into town house product 8 – 15km from Brisbane CBD.

3 DIRECTORS | 3 STAFF | 1 BRISBANE OFFICE | 3 DEPARTMENTS

July

Founded by Brook Monahan in 2004, Mosaic Property Group was rebranded in 2012 and launched with co-founder, Dave Handley. Mosaic anticipates medium-term oversupply in small, investment grade apartment markets 0 – 2km from the Brisbane CBD.

Accordingly, Mosaic’s strategy is to deliver larger, more functional apartments of a much higher quality in carefully selected, high demand, supply restrained suburbs 3 – 10km from the Brisbane CBD