5. The following are mid-point yields and average rent figures for an office market in Sydney. Conduct a capital value decomposition and provide brief analysis as to what contributes more to changes in capital value. Are these changes expected in a CBD or suburban office market? Why? (2 marks) Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Prime Gross Face Rent $sqm p.a. $412.29 $426.25 $442.50 $466.15 $504.92 $508.96 $534.29 $555.60 $576.81 $577.69 $578.02 Prime Incentive % 21.67% 21.15% 21.79% 21.79% 21.67% 19.95% 18.56% 18.21% 19.49% 20.72% 22.36% Prime Gross Effective Rent sqm p.a. $299.07 $301.66 $316.48 $333.82 $365.91 $373.41 $411.19 $414.04 $428.58 $427.99 $426.49 Mid-point Yield 8.25% 8.50% 8.25% 8.00% 7.75% 7.25% 6.75% 6.25% 6.75% 7.25% 7.75%

5. The following are mid-point yields and average rent figures for an office market in Sydney. Conduct a capital value decomposition and provide brief analysis as to what contributes more to changes in capital value. Are these changes expected in a CBD or suburban office market? Why? (2 marks) 5. The following are mid-point yields and average rent figures for an office market in Sydney. Conduct a capital value decomposition and provide brief analysis as to what contributes more to changes in capital value. Are these changes expected in a CBD or suburban office market? Why? (2 marks)