Property – Quarterly Report j^ohbq=obmloq= lsbosfbt= APR-JUN 2006 In any given financial quarter there will be an overall trend for the property market. At the end of the quarter the property market will have done one of three things, gone up, gone down or stayed the same. Quarter 2 review. pCmL^pu=OMM=df`p=mêçéÉêíó=^ÅÅìãìä~íáçå=fåÇÉñ= The property sector returned a strong 4.5%. PRMMM PQMMM The strongest performer was Macquarie Goodman Group following PPMMM their acquisition of European logistics developer Eurinpro. POMMM Not far behind was Multiplex Group after a positive court outcome in eáÖÜLiçï PNMMM its dispute with Cleveland Bridge, the steel contractor at Wembley. `äçëÉ PMMMM OVMMM Outlook – reasonable long-term value. OUMMM OTMMM Confidence boosters OSMMM Underlying property market fundamentals and values remain ORMMM supportive over the long term. gìäJMR ^ìÖJMR pÉéJMR lÅíJMR kçîJMR aÉÅJMR g~åJMS cÉÄJMS j~êJMS ^éêJMS j~óJMS gìåJMS Confidence bursters Short-term inflation-driven volatility may see the sector drift lower in the short term. _bpq=^ka=mllo= Caution still remains around the growth and interest rate outlook for the US. _Éëí=éÉêÑçêãáåÖ=ëÉÅíçêë mboclojfkd=pb`qlop= fåÇìëíêá~ä How this relates to Virgin Super options. The more property you have in your asset split, the more relevant this information is. Property comprises a relatively small percentage of Life Stage Tracker® options, however people selecting their own asset split may be more interested in this performance. `çããÉêÅá~ä tçêëí=éÉêÑçêãáåÖ=ëÉÅíçêë oÉí~áä aáîÉêëáÑáÉÇ The legal bits. Materials prepared by Virgin Money Financial Services Pty Ltd (“VMFS”) (AFSL 286869; ABN 51 113 285 395) for Virgin Superannuation (RSE: Lic. No. L0000635; Reg. No. R1001440). Please note this information doesn’t constitute personal financial product or investment advice, and you may wish to consult your financial advisor before deciding whether Virgin Superannuation fits your objectives, financial situation and needs. The information contained above has been provided to VMFS by a third party. This information hasn’t been verified by VMFS and isn’t guaranteed to be accurate. VMFS accepts no liability for any errors in the information and takes no responsibility for any investment and/or trading decisions based on the above, nor any damages or losses resulting from these decisions.