MEDIA RELEASE

Rare Beachfront Lots Launched From Just $395,000 On Mid North-Coast

Walker Corporation has launched a rare group of 10 beachfront lots at North Sapphire Beach, minutes north of Coffs Harbour, for just $395,000 each The flat, fully-serviced lots of 665 square metres each are part of the 60 hectare North Sapphire Beach residential community, located 8 kilometres north of Coffs Harbour. The lots are in a secluded location with private access and wide frontages, surrounded by 38 hectares of parks, coastal bushland and open space, as well as featuring a popular local attraction in the Beachfront Caf Executive Chairman of Walker Corporation, Mr Lang Walker, said North Sapphire Beach is one of the last waterfront development sites on the Mid North Coast, with more than 110 houses built and community of approximately 250 people already living there. Our Beachfront lots represents a great opportunity for buyers to build their dream home just metres from the beach at an affordable price, making it one of the best lifestyle investments a family could make this year in NSW, he added. Mr Walker said Walker Corporation purchased the site last year and was committed to the completion of what is an award winning development, having won UDIA Award for the best residential development NSW in 2008. Enjoying easy freeway access and with 40 per cent of the estate already sold, the North Sapphire Beach lots have sold from just $220,000, with a variety of house and land packages available through local builders, including Adenbrook and Perry Homes. North Sapphire Beach Project Sales Manager, Robyn Goddard said, The Beachfront release will form the dress circle of the North Sapphire Beach and is aimed at families and retirees looking to enjoy a beach lifestyle in a beautiful natural environment. All of the infrastructure in the precinct is in place and buyers can start building almost straight away. Inspections of North Sapphire Beach can be made by visiting the sales office from 9am to 3pm on Wednesday to Sunday or by appointment. Interested buyers can also call for an appointment on 02 6653 6288 or 0428 619 919 or visit the development website www.northsapphirebeach.com.au

For more information about Walker, visit www.walkercorp.com.au or call: Tim Allerton City PR (02) 9267 4511. _________________________________________________________________________________________________________ About Walker Walker stands out as an innovative organisation, proud of our reputation as a leading property group and a creator of great places to live, work and play. We have over 40 years' experience in delivering outstanding residential, retail, commercial, industrial and masterplanned communities across Australia. When creating new communities, we employ the best practices in urban design, town planning, community development and architecture. Sites are carefully selected to incorporate features including, convenient transport options and natural beauty. Whether its a new housing development in a growth corridor or medium-density apartments, our team has the expertise to develop a visionary masterplan. Over the coming years Walker is bringing communities to life across Australia, including Appin Valley and North Sapphire Beach in New South Wales, Banksia Grove in Western Australia, and Riverlea in South Australia. Walkers residential projects over the last few years have been highly sought after, including the Finger Wharf at Woolloomooloo, Rhodes Waterside, Balmain Cove in Sydney, Main Drive Kew in Melbourne and Hope Island Resort in Queensland.