73 Gilbass Property Health Check

Tracie Heasman PUKEKO RENTAL MANAGERS HAMILTON Friday, 3 July 2026 73 GILBASS AVE ANNUAL WEALTH REPORT INVESTOR HEALTH CHECK™

WWW.PUKEKORENTALMANAGERS.CO.NZ 1Copyright 2022 Contents Page Welcome ............................................................................................................................................................ 2 Investment Snapshot ..................................................................................................................................... 3 Property Health Score ...................................................................................................................................4 12 Month Investment Performance............................................................................................................4 Investment Performance Since Purchase ................................................................................................ 5 Tenant Quality Score ..................................................................................................................................... 7 Final Note ......................................................................................................................................................... 8

WWW.PUKEKORENTALMANAGERS.CO.NZ 2Copyright 2022 Welcome Thank you for trusting Pukeko Rental Managers with one of your most valuable assets. As a property owners myself, we understand that your investment property is far more than just bricks and mortar - it's a significant part of your long-term financial future. While most property management reports focus on rent collected, inspections completed and maintenance arranged, I believe you deserve a much broader picture. That's why I've created the Investor Health Check™. This annual report has been designed to give you a clear, easy-to-understand overview of how your investment is performing - not just as a rental property, but as a wealth-building asset. I hope you find this report valuable. If you have any questions about anything contained within it, or if you'd like to discuss strategies to improve your property's performance, I'd love to hear from you. Thank you again for choosing Pukeko Rental Managers. It's a privilege to be part of your investment journey. Tracie Heasman Pukeko Rental Managers Managing properties is what we do. Helping investors build wealth is why we do it.

WWW.PUKEKORENTALMANAGERS.CO.NZ 3Copyright 2022 Investment Snapshot Metric Value Property 73 Gilbass Avenue, Hamilton Lake Bedrooms 5 Bathrooms 3 Floor Area 240m² Land Area 618m² Current Estimated Market Value Approximately $910,000–$1,000,000* 2024 Rating Valuation (CV) $790,000 Previous Sale $670,000 (2018) Estimated Weekly Market Rent Approximately $900–$970/week Estimated Gross Yield Approx. 4.0–4.5% • * Different automated valuation providers estimate the property between roughly $835,000 and just over $1.0M, with the property currently marketed around $960,000–$1.1M. (PropertyValue.co.nz)

WWW.PUKEKORENTALMANAGERS.CO.NZ 4Copyright 2022 Property Health Score 92 / 100 Strong Investment Summary Your property continues to perform as a high-quality investment in one of Hamilton's most desirable suburbs. Hamilton Lake remains a tightly held location, supported by proximity to Waikato Hospital, Hamilton Lake Domain and the CBD. Demand from professional tenants remains healthy, helping support both rental income and long-term capital value. (realestate.co.nz) 12 Month Investment Performance Current Estimated Value $960,000 Estimated Value 12 Months Ago $857,000 Estimated Capital Growth +$103,000 Annual Growth +12.0% Current Weekly Rent $970 Annual Rental Income $50,440 Estimated Gross Yield 5.3% Key Calculations • Annual Rental Income: $970 × 52 = $50,440 • Estimated Capital Growth: $960,000 − $857,000 = $103,000 • Annual Growth: ($103,000 ÷ $857,000) × 100 = 12.0% • Estimated Gross Yield: ($50,440 ÷ $960,000) × 100 = 5.3%

WWW.PUKEKORENTALMANAGERS.CO.NZ 5Copyright 2022 Investment Performance Since Purchase (2018 → Now) Metric Value Purchase Price (2018) $670,000 Current Estimated Value $960,000 Capital Growth +$290,000 Total Growth 43.3% Current Weekly Rent $970 Annual Rental Income $50,440 Gross Yield (on current value) 5.3% Gross Yield (on purchase price) 7.5% Key Calculations Capital Growth $960,000 − $670,000 = $290,000 Total Growth % ($290,000 ÷ $670,000) × 100 = 43.3% Annual Rental Income $970 × 52 = $50,440 Gross Yield (current value) $50,440 ÷ $960,000 = 5.3% Gross Yield (original purchase price) $50,440 ÷ $670,000 = 7.5%

WWW.PUKEKORENTALMANAGERS.CO.NZ 6Copyright 2022 Since acquisition in 2018, your property has delivered strong dual-track performance through both capital growth and increasing rental income. Based on the current estimated market value of $960,000, the property has increased in value by approximately $290,000, representing a 43.3% uplift over the holding period. In addition, the property is now generating approximately $50,440 in annual rental income, equating to a 7.5% gross return on your original purchase price. This combination of capital appreciation and strong rental yield reflects a well-positioned, well-managed investment asset in a high-demand Hamilton location.

WWW.PUKEKORENTALMANAGERS.CO.NZ 7Copyright 2022 Tenant Quality Score Category Score Rent Payments 10/10 Property Care 10/10 Communication 10/10 Inspection Results 9/10 Overall Score 9.5/10 Tenant & Property Care One of the greatest contributors to protecting the long-term value of an investment property is having tenants who treat it with care and respect. I'm pleased to report that your tenants continue to maintain the property to a high standard, taking pride in their home and helping preserve its condition. Routine inspections indicate the property is being well looked after, with no concerns beyond normal fair wear and tear. This significantly reduces the risk of unexpected repair costs and helps protect the value of your investment. As with any property, ongoing preventative maintenance remains essential. Addressing minor issues promptly and keeping on top of routine maintenance not only helps avoid more costly repairs in the future but also preserves the property's appeal, supports strong rental demand, and contributes to maintaining its market value over the long term. Overall, your investment is benefiting from a combination of respectful tenants and proactive management, providing a solid foundation for continued performance.

WWW.PUKEKORENTALMANAGERS.CO.NZ 8Copyright 2022 Final Note Since acquiring the property in 2018, your investment has performed strongly across both capital growth and rental return metrics. At a current estimated value of $960,000 and annual rental income of $50,440, this asset continues to contribute meaningfully to your long-term wealth position. Looking ahead, maintaining proactive rent reviews and preventative maintenance will ensure the property continues to perform in line with, or ahead of, market expectations.