THE CREEK 56 LEITCHS ROAD ALBANY CREEK. BODY CORP: $38.37 /wk. EXPECTED RENT: $490 - $500 /wk

Transcription

1 BODY CORP: $38.37 /wk EXPECTED RENT: $490 - $500 /wk THE CREEK 56 LEITCHS ROAD ALBANY CREEK

2 THE CREEK PAGE 2

3 CONTENTS OVERVIEW DEVELOPMENT 5 OVERVIEW DEVELOPER 6 REGION PROFILE MORETON BAY 7 SUBURB PROFILE ALBANY CREEK 8 INFRASTRUCTURE MORETON BAY PROJECTS 11 AREA MAP LOCAL GOVERNMENT AREA MAP 16 LOCATION ASHLEY COURT 18 SITE MAP STAGING PLAN - THE CREEK 19 SSITE MAP SITE LAYOUT - THE CREEK 20 SCHEDULE OF FINISHES STANDARD 21 FLOOR PLANS TOWNHOUSE 22 RENTAL APPRAISAL ASHLEY PARK ESTATE 35 DEPRECIATION SCHEDULE ASHLEY PARK ESTATE 36 DEMOGRAPHICS SOURCED FROM RP DATA 37 SALES STATISTICS SOURCED FROM RP DATA 40 RECENT COMPARATIVE SALES SOURCED FROM RP DATA 45 THE CREEK PAGE 3

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5 OVERVIEW DEVELOPMENT The Creek is another quality urban development from the highly reputable Pesdev Group. Situated within a vibrant and established community in Brisbane s Moreton Bay region, The Creek is approximately16km north-west of the Brisbane CBD. The project consists of construction and sale of 44 semi-detached town homes, developed in stages. Building on the success of Coomera, this incredible new development once again combines a sharp sense of urban design with high quality finishes in a low-medium density format. The Creek is positioned adjacent to parkland and set amongst large acreage home sites with an abundance of established natural vegetation in the local area. The product at The Creek will cater for a wide range of buyers including first home buyers, couples, young families and downsizers. The urgency for this type of product in the general marketplace has been high, given the price point and rapidly expanding population in Albany Creek. PROPERTY DETAILS Address: Developer: Property Type: Leitchs Road South, Albany Creek Pesdev Group Townhouses Number of Total Lots: 44 Number of Stages: 7 Stage Completion: Price Range: $469, $482, Body Corporate / Week: $38.37 /wk Expected Return: Rental $490 $500 /wk Approx. Rental Yields: Project Features: Bedrooms: Bathrooms: Size Range: Car Spaces: Indoor Features: Outdoor Features: Approximately 5.29% 5.4% per annum High quality finishes Large outdoor entertainment zone Luxurious open plan living with alfresco dining 3 Bedrooms 2 bathrooms and an additional toilet downstairs 167m2 190m2 Double garage Luxurious open plan living with alfresco dining Modern kitchen with stone benches, dishwasher, European cooktop and stainless steel multi-function oven and range hood Split system air-conditioning with separate zones Ample Storage Bifold back door & kitchen window Ensuite/Bathroom with full height wall tiles Spacious quality wool carpeted bedrooms Security system at ground level to all Townhouses Fixed aluminium sun and/or privacy screens to balconies and facade High grade finish with individual irrigation system Under cover entry areas THE CREEK PAGE 5

6 Moreton Bay region has one of the fastest growing populations in Queensland REGION PROFILE MORETON BAY Located north of Brisbane, in South-East Queensland s major growth corridor, the Moreton Bay Region combines the benefits of close proximity to a capital city and major transport infrastructure, with lifestyle and value-for-money. The region is home to a panorama of hinterland, bush, beach and coastal playgrounds and it is renowned for its bountiful supply of recreation, leisure and entertainment options that provide an excellent opportunity to tap into the tourist market and day visitors drawn to the Moreton Bay region. Moreton Bay region has one of the fastest growing populations in Queensland with an average annual growth rate of 3.0% between 30 June 2007 and 30 June 2012, compared to the state s overall growth rate of 2.1%. The population is projected to increase significantly to more than 530,000 by An estimated 84,000 additional dwellings will be required by 2031 (SEQ Plan ) to accommodate Moreton Bay s expected regional growth, population increase and demographic change. THE CREEK PAGE 7

7 The Moreton Bay Infrastructure Plan is also in place to support the booming population and outlines over $182 million of projects which includes: Caboolture s state-of-the-art library, learning centre and art gallery complex ($25 million) completed 2011; Redcliffe Seaside Village precinct ($20 million) completed 2010; New roads, drains and transport ($58 million plus $19.5 million towards maintaining them); Recreational areas ($25 million); Environmental engagement and education programs ($860,000). The regions strong economic performance and affordability makes it an ideal location for business and investment. Being located so close to Brisbane the region offers excellent infrastructure and communication links without the city prices and congestion. THE CREEK PAGE 8

8 SUBURB PROFILE ALBANY CREEK Albany Creek is an attractive north-west Brisbane suburb, in the Moreton Bay region. With great local amenity to employment, education, shopping and public transport, Albany Creek is conveniently located 16kms from the Brisbane CBD and 19kms from The Brisbane Airport. Albany Creek is a mixture of residential housing and various rural land holdings. As a result of the suburb s rapid population growth and a residential under-supply, there has been a high demand for more housing in the area. PUBLIC TRANSPORT Located in Zones 4 and 5 of the TransLink public transport system, Albany Creek is erviced by several Brisbane Transport bus routes. The nearest railway station is Strathpine. The numerous bike and walking tracks are well established and a very popular way to commute. SCHOOLS Several schools in the surrounding area include Albany Creek State School, Albany Creek State High School, Albany Hills State School, All Saints Catholic Primary School, Good Shepherd Christian School, Eatons Hill State School and Albany Creek C&K Kindergarten which is located only 400m from Essence at The Creek. There is also the convenience of direct bus routes to all major inner city private schools and other colleges including St Joseph s Nudgee College and Marist College Ashgrove. The University of the Sunshine Coast will develop a new University campus at Petrie, located only 7kms from Essence at The Creek. USC is ranked as one of Australia s top universities for teaching quality. The new Petrie campus is expected to cater for up to 10,000 students within the first 10 years, starting from the year SHOPPING & DINING Shopping Centres in the area include Albany Creek Square, Albany Shopping Village, Albany Market Place, Centro Albany, Eatons Hill Shopping Centre, plus the recently expanded Westfield Strathpine Shopping Centre, which incorporates a cinema complex, games arcade and tenpin bowl. Westfield Chermside Shopping Centre, located only 8.5km away, is undergoing a $200 million upgrade making it the largest shopping and dining hub in Brisbane. There are a large number of THE CREEK PAGE 9

9 cafés, restaurants and taverns in the local area and the Eatons Hill Hotel (the largest hotel complex in the southern hemisphere) is also located nearby. LOCAL INDUSTRY Neighbouring suburb Brendale, is Brisbane s prime industrial and commercial hub. It s rapid expansion has seen numerous local and international businesses such as Aldi, Costco, Target and Bunnings, move into the area. With the support of, and ongoing investment by government bodies and private investors alike, Brendale is set to become the most successful industrial precinct in Brisbane. SPORTS / LEISURE Sporting facilities in the area are second to none with the incredible South Pine Sports Complex soon to undergo a multi-million dollar expansion over 74 hectares, making it the biggest sporting facility of it s kind, in Queensland. The main attributes of the master plan include: 12 court regional tennis facility BMX precinct Expanded dog sports and agility area Senior AFL field with shared use clubhouse Brisbane Lions Academy Expanded gymnastics area 6 new multi-purpose fields Synthetic turf fields Croquet lawns Passive recreation areas Ecological restoration of the South Pine River riparian corridor Improved access and internal road connections Additional car parking Network of cycling and pedestrian pathways Also in the area are the Albany Creek Aquatic Health & Leisure Centre, many gyms & sporting clubs and the Albany Links Golf Course. Only a short stroll from The Creek is Leitch Park, Sandy Creek Bike-way and fantastic new children s playground. THE CREEK PAGE 10

10 INFRASTRUCTURE MORETON BAY PROJECTS MORETON BAY RAIL LINK LOCATION: PETRIE TO KIPPA RING, QLD VALUE: $650 MILLION EXPERTISE: RAIL DURATION: JULY DEC 2016 Moreton Bay Regional Council has partnered with the State and Federal Governments to deliver council infrastructure to support the new Moreton Bay Rail Link. Construction is already well underway on the project to build 12.6 kilometres of train line and six new train stations from Petrie to Kippa-Ring, with completion expected by the end of Thiess innovative and cost-efficient design provides a fully-integrated transport solution that connects road and rail infrastructure to future proof' this expanding region. Major construction is well underway and the new rail line is taking shape. In 2015, work will continue on all 6 new stations and the Kippa-Ring stabling yard. Major work will also start on local roads and the rail track will start to be laid. The rail corridor works are due to complete late This innovative project will provide a more reliable, economical, and faster alternative to driving to the Brisbane CBD during peak periods. The Rail Link will also help reduce congestion on the road network, including the Bruce Highway, and free up capacity for journeys that can t be made using public transport. THE CREEK PAGE 11

11 FEATURES The Moreton Bay Rail Link will provide a focal point for the local community, and will include a number of features; 14km of double track rail from Lawnton to Kippa Ring Grade separated rail connection to the Caboolture Line 22 bridge structures to provide grade separation of road and rail, including over the Bruce Highway 6 new rail stations including bus interchanges and bike storage, 2,850 carparks Stabling (including train crew facilities) for 10 6 car trains in the vicinity of Kippa-Ring Station 3m wide concrete shared path for cyclists and pedestrians along the entire length of the corridor. TIMELINE Construction begins on Kinsellas Road East bridge July 2012 Tender process for rail design and construction begins August 2012 Kinsellas Road East bridge complete April 2013 Rail corridor works begin (track, structures and stations) January 2014 Rail corridor works complete late 2016 New rail line delivered late 2016 Mango Hill Station: Aerial November 2014 THE CREEK PAGE 12

12 BENEFITS Provide sustainable and active transport options that reduce carbon emissions every full train on the new line will take about 600 cars off the road Help reduce congestion on the road network, including the Bruce Highway, and free up capacity for journeys that can t be made using public transport Provide sustainable and active transport options that reduce carbon emissions every full train on the new line will take about 600 cars off the road Provide better access to major employment centres both within and outside the Moreton Bay region Help attract investment to the area and create business opportunities Act as a catalyst for growth along the alignment, with stations becoming hubs ESSENCE new THE CREEK development PAGE 13 in the region.

13 CORSO NORTH LAKES Corso North Lakes is Moreton Bay Regional Council s new $45 million community and commercial complex located at 10 The Corso, North Lakes. The state-of-the-art facility opened on Saturday 13 September, 2014 showcasing a modern library and community centre, three levels of commercial office space and undercover car parking. Corso North Lakes provides residents with a regional destination to socialise, study, learn and relax. Its striking architectural features include a large glass entryway to the new library, modern structures and some of the latest design and energy efficient elements. It is one of Australia s first Five Star Green Star rated public buildings with more than 550 roof-top solar panels that will generate power for much of the building s daily needs. Cutting-edge technology will regulate lighting, air-conditioning and promote natural ventilation throughout the building, and up to 200,000 litres of rain water will be captured for the Corso s bathrooms, gardens and grassed areas. Corso North Lakes is conveniently located in the heart of North Lakes with covered walkways connecting to nearby retail, commercial and transport hubs. Key features 2000 m2 destination library 1000 m2 community centre Plaza area with children s playground and landscaped gardens 4000 m2 over three levels of commercial office space for lease A $4 million young people s place (opened in late 2013 and managed by the YMCA) A basement car park with more than 300 spaces Secure end-of-trip facility for 60 bikes 5 Star Green Star certification by the Green Building Council of Australia Corso North Lakes has been funded by Moreton Bay Regional Council and the Federal Government with $7.8 million from Regional Development Australia and $3 million from Department of Education, Employment and Workplace Relations. THE CREEK PAGE 14

14 STRATHPINE GATEWAY Moreton Bay Regional Council has commenced planning an even better future for Strathpine. At the heart of council s vision is The Strathpine Gateway Project a building that will provide a new focus for community and cultural needs. Set in a landscaped town square next to council s Strathpine office, the Strathpine Gateway project, which will contain the Strathpine Library and other community spaces, will provide a vibrant civic heart linking Strathpine Railway Station to the surrounding retail precinct. KEY IMPROVEMENTS PROPOSED FOR SOUTH PINE ROAD INCLUDE: Road widening Two additional traffic lanes (four lanes in total) Shared off-road pedestrian and cycle pathway in both directions Parking and property access lane on southern side of South Pine Road New signalled intersection with U-turn facility at Buckland Road intersection Street lighting upgrade Landscaping Stormwater drainage upgrade. KEY BENEFITS: Improve capacity and traffic flow efficiency Reduced delays and congestion Improved safety for pedestrians, motorists and cyclists Improved safety and operation of intersections Improved access for public transport and commercial vehicles Improved and safer access to adjacent properties and businesses Safer access in and out of side streets and properties Complete Complete Complete Early 2013 Preliminary design of South Pine Road and Queens Road First community engagement period seeking feedback on preliminary design for South Pine and Queens Road Preliminary detailed design of South Pine Road Final Detailed design for South Pine Road complete Staged construction of South Pine Road Post 2016 Detailed design of Queens Road and staged construction of Queens Road THE CREEK PAGE 15

15 AREA MAP LOCAL GOVERNMENT AREA MAP THE CREEK PAGE 16

16 Benefit from the convenience of easy city access while enjoying the relaxed lifestyle of this leafy suburb. THE CREEK PAGE 17

17 LOCATION ASHLEY COURT Westfield Shopping Centre Strathpine Sunshine Coast 80km Strathpine Train Station Pine Rivers Private Hospital Brendale Industrial Precinct Albany Links Golf Club South Pine Sports Complex Eatons Hill Hotel & Function Centre The Creek Albany Creek Centre Albany Creek Primary School Retail & Amenities Albany Creek C & K Kindergarden Brisbane 29km Albany Creek Aquatic Health & Leisure Centre Albany Creek State High School THE CREEK PAGE 18

18 MASTERPLAN

19 SCHEDULE OF FINISHES STANDARD GENERAL LIVING Floors Ceramic Tiles Walls Plasterboard with low sheen acrylic paint finish Ceiling Plasterboard with flat acrylic paint finish Skirting Skirting with select paint finish Lighting Recessed downlights generally KITCHEN Floors Ceramic Tiles Walls Plasterboard with low sheen acrylic paint finish Ceiling Plasterboard with flat acrylic paint Lighting Recessed downlights generally Bench Tops 20mm Reconstituted Stone Splash Back Ceramic Tiles Joinery Laminate finish and Melamine internal cabinetry Kitchen Sink Under mount 1 ½ stainless steel bowl Kitchen Tap Ware Designer single lever mixer Cook-Top European stainless steel 60cm 4 burner Oven European stainless steel 60cm multi-function electric oven Range Hood European stainless steel slide out range hood Dishwasher European stainless steel dishwasher BATHROOM / ENSUITE Floors Ceramic tiles Ceiling Plasterboard with low sheen acrylic paint finish Lighting Recessed or surface mounted feature light Vanity Basin & Unit Semi recessed or flush basins on reconstituted stone to benchstops Basin Tap Ware Designer single lever basin mixers Vanity Mirror Fixed mirror glass set in full height wall tiles Shower Tapware: Single level wall mixer and shower rose combination with rain water feature head included Toilet White virtreous china Accessories Toile roll holder, towel rail, robe hook and shower shelf BEDROOMS Floors Quality wool blend carpet with underlay Walls Plasterboard with low sheen acrylic paint finish Ceiling Plasterboard with flat acrylic paint finish Lighting Recessed downlights generally Robe Melamine carcass with hanging rail, shelving sliding doors Study Laminate finish to match colour pallet Windows Roller blinds LAUNDRY Laundry Tub Stainless steel laundry tub Tap Ware Polished chrome mixer Polished chrome washing machine set BALCONIES AND COURTYARDS Floors Ceramic tile Walls Ceiling Paint finish to external walls Power Weather proof double power outlet to court yards Water Water point to court yards Lighting Surface mounted light fittings Landscaping High grade finish with individual irrigation system included GENERAL Linen Cupboard Hinged doors with melamine internal shelves Air Conditioning Split system with separate zones & temperature controls to living and master bedroom Ventilation Mechanical ventilation to bathroom and ensuite THE CREEK PAGE 21

20 Lighting Glazed Windows Screening Garbage Removal Mail Electrical/Fans COMMUNICATIONS Laundry Tub Tap Ware SECURITY Security Smoke Detectors Access Recessed downlights generally Aluminium glazed windows and doors Feature bi-fold to kitchen and rear included Fixed aluminium sun and I or privacy screens to balconies and facade Bin enclosures located in complex Individual mail boxes at entry structure Standard GPO, switch and communication layouts consistent with this style of developing high grade unit provided to bedroom 2 & 3 and outdoor entertainment areas Stainless steel laundry tub Polished chrome mixer Polished chrome washing machine set Security system at Ground Level to all Town houses Hardwired smoke detectors to Australian Standards Key access to individual Townhouses and garage THE CREEK PAGE 22

21 FLOOR PLANS TOWNHOUSE TYPE A THE CREEK PAGE 23

22 TYPE A Mirrored THE CREEK PAGE 24

23 TYPE B THE CREEK PAGE 25

24 TYPE B Mirrored THE CREEK PAGE 26

25 TYPE C THE CREEK PAGE 27

26 TYPE C Mirrored THE CREEK PAGE 28

27 TYPE D THE CREEK PAGE 29

28 TYPE D Mirrored THE CREEK PAGE 30

29 TYPE F THE CREEK PAGE 31

30 TYPE F Mirrored THE CREEK PAGE 32

31 TYPE G THE CREEK PAGE 33

32 TYPE G Mirrored THE CREEK PAGE 34

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34 DEPRECIATION SCHEDULE ASHLEY PARK ESTATE THE CREEK PAGE 36

35 DEMOGRAPHICS SOURCED FROM RP DATA HOUSEHOLD STRUCTURE Type Percent Couples with Children 54.9 Childless Couples 23.7 Single Parents 7.0 Lone Households 6.6 Other 6.2 Group Households 1.7 HOUSEHOLD OCCUPANCY Type Percent Purchaser 48.7 Owns Outright 33.7 Renting 14.0 Other 3.6 THE CREEK PAGE 37

36 HOUSEHOLD INCOME Income Range Albany Creek % Moreton Region % Bay 0-15K K K K K K K AGE SEX RATIO Moreton Bay Albany Creek Region Age group Male % Female Male % Female % % THE CREEK PAGE 38

37 RP DATA AREA PROFILE The size of Albany Creek is approximately 10 square kilometres. It has 7 parks covering nearly 3% of total area. The population of Albany Creek in 2006 was 15,942 people. By 2011 the population was 15,846 showing a stable population in the area during that time. The predominant age group in Albany Creek is 0-14 years. Households in Albany Creek are primarily couples with children and are likely to be repaying between $ $2400 per month on mortgage repayments. In general, people in Albany Creek work in a Professional occupation. In 2006, 83.4% of the homes in Albany Creek were owner-occupied compared with 82.4% in Currently the median sales price of houses in the area is 565,000. MEDIAN SALES PRICE Year 2014 Year 2015 Year 2016 Period Median price Median price Median price January $504,500 $496,750 $522,500 February $545,000 $490,000 $598,000 March $495,000 $557,000 $452,500 April $470,750 $512,500 $565,000 May $467,500 $582,000 $0 June $506,500 $590,750 $0 July $553,500 $573,000 $0 August $492,000 $648,750 $0 September $556,000 $550,000 $0 October $484,250 $565,000 $0 November $535,000 $537,000 $0 December $535,500 $590,000 $0 THE CREEK PAGE 39

38 SALES STATISTICS SOURCED FROM RP DATA RECENT MEDIAN SALE PRICES Moreton HOUSE Albany Creek Region Period Median price Median price April 2016 $565,000 $565,000 March 2016 $452,500 $422,500 February 2016 $598,000 $426,000 January 2016 $522,500 $423,500 December 2015 $590,000 $442,000 November 2015 $537,000 $432,000 October 2015 $565,000 $435,000 September 2015 $550,000 $434,000 August 2015 $648,750 $430,500 July 2015 $573,000 $438,500 June 2015 $590,750 $430,000 May 2015 $582,000 $419,900 Moreton UNIT Albany Creek Region Period Median price Median price April 2016 $370,000 $412,500 March 2016 $370,000 $320,000 February 2016 $370,000 $297,000 January 2016 $727,500 $325,000 December 2015 $370, ,700 November 2015 $387,500 $335,000 October 2015 $387,500 $331,000 September 2015 $416,000 $345,000 August 2015 $442,500 $349,900 July 2015 $442,500 $349,950 June 2015 $395,000 $355,000 May 2015 $400,000 $342,000 Moreton LAND Albany Creek Region Period Median price Median price April 2016 $315,000 $178,800 March 2016 $315,000 $245,000 February 2016 $315,000 $255,000 January 2016 $315,000 $255,000 December 2015 $315,000 $352,000 November 2015 $315,000 $245,650 October 2015 $328,000 $235,475 September 2015 $328,000 $253,000 August 2015 $317,500 $241,000 July 2015 $330,000 $247,500 June 2015 $311,000 $240,000 May 2015 $315,000 $238,000 Bay Bay Bay THE CREEK PAGE 40

39 SALES HOUSE Albany Creek Period Number UNIT Albany Creek Period Number LAND Albany Creek Period Number THE CREEK PAGE 41

40 SALES BY PRICE HOUSE Albany Creek Price Number 0-100k k k k k k k k k m 20 > 1m m m+ 0 UNIT Price 0-50k k k k k k k k k k k k m 0 1m + 1 Albany Creek Number LAND Albany Creek Price Number 0-50k k k k k k k k k k k k m 0 THE CREEK PAGE 42

41 CAPITAL GROWTH IN MEDIAN PRICES HOUSE Albany Creek Moreton Region Period % change % change % 3.4% % 3.3% % 3.6% % -1% % -6% % 4.5% % 2.5% % 0% % 0% % 0% Bay UNIT Albany Creek Moreton Region Period % change % change % 0.6% % 4.7% % -3.3% % 0.3% % -2.2% % 2.3% % 7.2% % 0% % 0% % 0% Bay Moreton LAND Albany Creek Region Period % change % change % 7.5% % 4.7% % 1.4% % 1.4% % -0.5% % 0% % -2.3% % 0% % 0% % 0% Bay THE CREEK PAGE 43

42 Benefit from all the perks of suburb living THE CREEK PAGE 44

43 RECENT COMPARATIVE SALES SOURCED FROM RP DATA SOLD PROPERTIES THE CREEK PAGE 45

44 THE CREEK PAGE 46

45 ON THE MARKET THE CREEK PAGE 47