GAINSBOROUGH VIEWS Gainsborough Drive, Pimpama QLD BODY CORP: $48 $53 /wk Approximately. EXPECTED RENT: $375 - $420 /wk approximately

Transcription

1 BODY CORP: $48 $53 /wk Approximately EXPECTED RENT: $375 - $420 /wk approximately GAINSBOROUGH VIEWS Gainsborough Drive, Pimpama QLD 4209 GAINSBOROUGH VIEWS PAGE 1

2 GAINSBOROUGH VIEWS PAGE 2

3 CONTENTS OVERVIEW DEVELOPMENT 5 OVERVIEW DEVELOPER 6 REGIONAL PROFILE SOUTH EAST QUEENSLAND 7 LOCAL GOVERNMENT AREA PROFILE GOLD COAST 21 SUBURB PROFILE PIMPAMA 22 INFRASTRUCTURE GOLD COAST 25 LOCATION GAINSBOROUGH VIEWS, PIMPAMA 33 SITE PLAN GAINSBOROUGH VIEWS 34 FACILITIES GAINSBOROUGH VIEWS 35 FLOOR PLANS, CONFIGURATIONS & IMAGES TOWNHOUSE 36 SCHEDULE OF FINISHES STANDARD 43 RENTAL APPRAISAL ONSITE MANAGEMENT 3 BED 45 RENTAL APPRAISAL ONSITE MANAGEMENT 4 BED 46 DEPRECIATION SCHEDULES BMT TAX DEPRECIATION 47 DEPRECIATION SCHEDULES BMT TAX DEPRECIATION 48 DEMOGRAPHICS SOURCED FROM RP DATA 49 SALES STATISTICS SOURCED FROM RP DATA 51 RECENT COMPARATIVE SALES SOURCED FROM RP DATA 57 GAINSBOROUGH VIEWS PAGE 3

4 ENJOY THE SCENIC SURROUNDINGS AND RELAXED LIFESTYLE OF GAINSBOROUGH VIEWS GAINSBOROUGH VIEWS PAGE 4

5 OVERVIEW DEVELOPMENT Gainsborough Views is MG Land s newest residential community, situated in the ever growing and highly sought Pimpama area on the Gold Coast. The Coomera-Pimpama region of the Gold Coast has been earmarked by the state and federal Government s as a massive future growth corridor, making Gainsborough Views the perfect investment opportunity, located just 25 minutes to Surfers Paradise and 35 minutes to Brisbane CBD. Spacious, architecturally designed residences coupled with the convenience of on-site management and well-appointed recreation spaces mean living or investing in this development couldn t get any easier. PROPERTY DETAILS Address: Gainsborough Drive, Pimpama QLD 4209 Developer: Property Type: Number of Total Lots: 139 Number of Stages: 6 Expected Stage Completion: NRAS Stock: MG Land Townhouses Stage 1-4 Registered Stage 5 & 6 - Registration expected Third Quarter 2018 N/A Price Range: $397,500 to $409,900 Body Corporate / Week: Expected Rental Return: Approx. Rental Yields: Property Management: Project Features: Bedrooms: Bathrooms: Study: $ per week $375 $420 per week Approximately 4.90% % per annum Use of Onsite Management is required Architecturally designed 25min drive to Surfers Paradise & 35min drive to Brisbane Close to shopping centres, medical facilities, schools, childcare centres & public transport as well as future Coomera Town Centre 3 or 4 Bedrooms 2 bathrooms and an additional toilet downstairs N/A Size Range: 159.1m m2 Car Spaces: Furnished: Property Features: Single and Double garage N/A Luxurious open plan living Modern kitchen with stone benches, quality stainless steel appliances including dishwasher, oven, cook top and range hood Split system air-conditioning to living area and master bedroom with ceiling fans to living and all bedrooms All bedrooms have built-in or walk-in-wardrobes Vertical blinds to main sliding doors and windows Private and fully fenced courtyards GAINSBOROUGH VIEWS PAGE 5

6 OVERVIEW DEVELOPER MG LAND MG Land is a medium sized property development company. Since 2007 it has been specialising in developing boutique residential communities in South-East Queensland. Working closely with Town Planners, Architects and Engineers allows MG Land to produce a variety of products catering for a diverse range of budgets and lifestyles. MG Land is the natural progression of MG Homes. MG Homes has earned the respect and admiration of its partners, over two decades. These partners include publicly listed property development companies Stockland, Lend Lease, Pete Ltd, Mirvac and Port Binli. MG Land is a privately owned and operated enterprise that specialises in completed Townhouses. MG Land has completed several boutique residential communities all of which have earned the praise of its partners, clients and customers. A thorough understanding of market conditions allows MG Land to produce a quality product that represents value for its customers GAINSBOROUGH VIEWS PAGE 6

7 REGIONAL PROFILE SOUTH EAST QUEENSLAND Why South-East Queensland? South East Queensland offers an unmatched way of life combining a dynamic and growing choice of sporting, arts, entertainment and cultural facilities and events, with spectacular natural wonders that can be enjoyed year round in a sub-tropical climate that boasts an average of 300 days of sunshine per year. Covering a 22,890 square kilometer region, South East Queensland stretches from the beautiful beaches of the popular Noosa in the north, extending south to the Queensland-New South Wales border and out west to the city of Toowoomba. South East Queensland is home to 3,178,030 people, around two-thirds of the State s total population; and continues to be one of Australia s fastest growing metropolitan regions. Safe and secure family-oriented communities, world-class public health and education systems, sophisticated community infrastructure and a multicultural, friendly and active lifestyle, are all key elements of South East Queensland s attraction. The region s success is also sustained by its strong manufacturing and export infrastructure, worldclass business services, and thriving tourism sector, with the area offering: major transport and export hubs with assets such as the Brisbane Airport, Port of Brisbane, the Acacia Ridge Intermodal Terminal, and Australia TradeCoast, which connects regional Queensland to Australian and international markets. a powerful service economy with specialised skills in professional services such as information and communications technology and biomedical services. close proximity to the major energy and gas corridors continues to provide opportunities to capitalise on mining services and mining technology capabilities to service regional industries. a significant tourist destination and the gateway to the rest of Queensland, welcoming millions of Australian and international visitors each year. Since 2001 SEQ s population has grown from 2.4 to 3.4 million people. By 2041 the population is expected to be 5.3 million. This growth will require more than 30,000 new dwellings each year as well as more transport, jobs and services. GAINSBOROUGH VIEWS PAGE 7

8 SOUTH EAST QUEENSLAND IS BECOMING A WORLD LEADING MODEL IN SUBTROPICAL LIVING Shaping SEQ Queensland is in the midst of an exciting period of change and growth. Throughout the state innovative new industries are emerging, the delivery of exciting urban renewal precincts and more and more people choosing to call Queensland home. This growth is no more obvious than in South East Queensland (SEQ). In fact, by 2041 the population of SEQ is expected to have increased by 2 million people. In response to managing this growth sensibly and sustainably the Queensland State government has published the draft Shaping SEQ Plan for community consultation. It seeks to promote the things that SEQ residents value like a connected region, affordable housing, protecting our natural environment and our unique lifestyle. GAINSBOROUGH VIEWS PAGE 8

9 GROW. PROSPER. CONNECT. SUSTAIN. LIVE. The draft Shaping SEQ Plan is an overarching document that will guide local government areas forward in sustainable outcomes for future generations. During Community Consultations 5 key areas of importance were identified for consideration and provide evidence of a population that is progressive and innovative, which creates an environment for positive growth: GROW Higher density living provides easier access to the CBD/town centres and jobs as well as shopping, entertainment and recreation options. Ensuring that the features that make SEQ a great place to live are maintained as it grows. Businesses should cluster around shopping centres. There should be a strong relationship between density and amenity and access, particularly public transport, to ensure development for high- and medium-density growth is supported by a vibrant lifestyle. PROSPER Population growth means a stronger economy and more jobs. New jobs to be located together to form employment hubs and new industries in prime location with reliable freight connections. Supporting innovation by establishing and enhancing tourism and technology. Providing for an international level of service in health and education, and value-added clean/green agriculture and livestock products for national and international markets. CONNECT The transport system, particularly public transport, will improve liveability by providing access to the city, employment and recreation, especially beaches and bushland Utilising new housing and transport technology live where there is a mix of shops, offices and recreational opportunities get around by public transport, walking or cycling Access to good schools and universities SUSTAIN SEQ s natural assets to be protected from development by establishing wildlife corridors to allow safe passage and protection for the region s fauna Promoting new technologies in energy production and transport, especially electric cars conserving and protecting food production are The size and shape of rural communities to be maintained and surrounding land protected for rural production LIVE Population growth brings density, it also brings diversity in employment, entertainment and recreation Quality of life improvements are due to: affordable lifestyle, easy access to open space and recreation areas, easy access to good schools and universities Achieving quality lifestyles that include higher densities by creating mid-rise developments that incorporate mixed-use and climate-responsive design The availability of entertainment, cultural experience, and sport and recreation options, as well as education options, will benefit from population growth GAINSBOROUGH VIEWS PAGE 9

10 Covering 22,900 km², SEQ s 12 local government areas provide various lifestyle options, diverse economies and healthy natural environments. Collectively, they form one of Australia s most desirable and fastestgrowing regions. Figure 1: A snapshot of SEQ Source: Estimates derived for Shaping SEQ, as at 2015, from various Queensland Government and ABS sources GAINSBOROUGH VIEWS PAGE 10

11 GAINSBOROUGH VIEWS PAGE 11

12 SEQ S RELATIONSHIPS SEQ has strong relationships with surrounding regions and through its export orientation, liveability, biodiversity corridors and transport networks the rest of Australia and the world. GLOBAL Major land, air and sea freight and passenger routes begin or end in SEQ, providing direct access to major interstate and global markets. At the heart of SEQ is Australia TradeCoast s Port of Brisbane SEQ s gateway to international trade. Port of Brisbane is one of Australia s largest and its northernmost capital city port, and has significant growth potential. Its proximity to major overseas trading partners strengthens the region s productive capabilities and provides access to a growing global market for local produce, manufactured goods and other regional commodities. SEQ also accesses the world stage via four major airports in Brisbane, Gold Coast, Sunshine Coast and Toowoomba, which include international connections. These airports further enhance SEQ s trade and logistic capabilities, enable migration and give international travellers access to SEQ s diverse and world-renowned tourism destinations. This region has the opportunity to leverage its brand as a major tourist destination to enhance its capability in exporting services, such as education and finance. It offers numerous world-class knowledge and technology precincts with links to high-quality research and development facilities, training and education institutions, and organisations that specialise in commercialising innovation. SEQ can capitalise on these growing sectors by providing strong investment and support in the digital economy and human capital. This will prepare the region to respond to emerging international trends, such as access to, and transfer of, information. The potential for an international submarine communications cable in SEQ, only the second point of communication for Australia's east coast the other being Sydney will deliver direct, high speed internet connection that could lead to new businesses and employment opportunities. This will enable SEQ to compete with other major regions on the east coast of Australia in attracting high value, technology dependent enterprises, including the globally competitive finance and banking sectors. In coming years, SEQ will build on its historical strengths to be able to adapt innovatively to a fastchanging international economy and contribute significantly to the growing Asia-Pacific region. GAINSBOROUGH VIEWS PAGE 12

13 NATIONAL SEQ s important relationship with the rest of Australia arises from strong economic foundations, its desirable climate, and high levels of liveability and opportunity: Over the past 10 years, 20 per cent of Australia s economic and employment growth has occurred in SEQ. SEQ contributes to 17.4 per cent of Australia s tourism gross domestic product. SEQ is one of Australia s premium food bowls. SEQ s unique environment, climate and liveability are all key to our status as Australia s most biodiverse and only subtropical capital city region. Transport connections including the National Highway and the interstate rail network including the proposed inland rail. STATE SEQ performs the key administrative, political and service functions for Queensland: The region generates almost two-thirds of Queensland s gross state product. More than 80 percent of Queensland s employment in professional, scientific and technical services, financial and insurance services, and information, media and telecommunications sectors is located in SEQ. SEQ is home to most of Queensland s key health, education and research clusters, with nine world-class universities and more than 100,000 international students. The region is the apex of Queensland s strategic freight network and the primary hub for goods movement within the state. Figure 2: Regional relationships international, national and state GAINSBOROUGH VIEWS PAGE 13

14 SEQ S REGIONAL RELATIONSHIPS SEQ has close relationships across regional boundaries with the surrounding areas of the Darling Downs, Wide Bay Burnett and the Tweed Coast in northern New South Wales. These areas have unique social and economic linkages, and can leverage opportunities provided by SEQ s strong population growth and diversified employment market. Maintaining and enhancing the extensive infrastructure networks that connect these regions will support mutual social and economic benefits by providing access to employment and recreation, and enabling the efficient movement of commodities, services, and skills. DARLING DOWNS High-quality agricultural production with access to growing global food markets. Diverse and abundant natural resources including renewable energy, coal, natural gas, petroleum for international and domestic consumption, and power generation. Strategic highways and railway lines connecting SEQ to southern and western Queensland, and connecting Darling Downs to the nation and the world through the Australia TradeCoast. GAINSBOROUGH VIEWS PAGE 14

15 WIDE BAY BURNETT Productive rural landscapes and natural resources framing coastal communities. A central location to the Port of Gladstone, Australia TradeCoast and Surat Basin. Attractive tourism opportunities and a source of labour for growth in resource development in the Surat Basin and Central Queensland. NORTHERN NEW SOUTH WALES Coastal and inland interstate connections facilitating a strong tourism network between the south-eastern coast of Queensland and northern New South Wales. Local agricultural production with access to SEQ markets. Hinterland and coastal lifestyle opportunities with access to SEQ markets and world-class environmental reserves. Figure 3: Inter-regional relationships GAINSBOROUGH VIEWS PAGE 15

16 Megatrends Influencing Change in SEQ The world is currently experiencing a wide range of rapid changes that will fundamentally influence our future. Some of the most important to SEQ are outlined below. Increased urbanisation: the world population is becoming more urbanised, creating more demand for diverse forms of housing, infrastructure and services. SEQ is already highly urbanised and is expected to experience significant further growth. Innovative planning and design can help deliver attractive, compatible and sustainable urban places. New Technology: Extraordinary technological change is transforming how people live, work, communicate and pursue ideas. The pace of technological advancement is increasing a likely to intensify. These changes include the internet of things, autonomous and electric vehicles, affordable renewable energy and complete digital connectivity. By supporting and investing in the digital economy, SEQ will be well placed to take advantage of these changes, which will require new thinking on how we plan for jobs, commerce and retailing. Health, ageing and changing preferences: Ageing populations have implications for the size of the workforce, economic growth, government revenue and services such as healthcare. Household sizes and structures are also changing, as are housing preferences for older and younger generations. Planning for the region must allow for these changes by enabling new models of living, services and lifestyle, including the ability to age in place. Resource dependency: As worldwide demand for natural resources increases, pressure on our diminishing reserves will also continue to increase. This applies to water, agricultural land, minerals and fisheries. Long-term planning for our region can ensure our finite resources are managed sustainably for current and future generations. Pressure on biodiversity: Around the world, valuable ecosystems are under pressure from urban expansion, agricultural clearing and the effects of climate change. As well as its intrinsic ecological values, our environment contributes economically and provides community benefits (such as clean air and water, and scenic amenity) and health benefits (such as access to nature, rural lifestyle, and outdoor sport and recreation). Planning must protect these ecosystems. Climate change and disaster resilience: Queensland has long experienced the impacts of extreme weather, tropical cyclones, floods, heatwaves and bushfires. Climate change is expected to amplify the frequency and severity of these events. Scientists warn that Queensland will increasingly be affected by changes in temperature, rainfall, sea level and extreme weather events. These changes will impact on our communities and natural systems and key sectors of the economy. Through effective and timely planning, we can limit the adverse impacts and better manage our climate risks. Global connectedness: The world is becoming more interconnected and the global economic focus is shifting towards Asia. Geographically, we are well positioned to take advantage of the opportunities that will arise from this. Planning for SEQ can play a fundamental part in unlocking the region s potential and creating new, globally competitive and value-adding industries and business. ( GAINSBOROUGH VIEWS PAGE 16

17 The next 25 years By 2041, SEQ is expected to accommodate an additional 1.98 million people, bringing its total population to 5.35 million. This chapter provides the planning framework that will help us accommodate and manage this growth to achieve the 50-year vision outlined in Chapter 2. GAINSBOROUGH VIEWS PAGE 17

18 GOAL 1: GROW The next 25 years GAINSBOROUGH VIEWS PAGE 18

19 GOAL 1: GROW The next 25 years GAINSBOROUGH VIEWS PAGE 19

20 Long-term Projections of Possible Future Employment Growth Employment planning benchmark by industry for each local government area to 2041 GAINSBOROUGH VIEWS PAGE 20

21 LOCAL GOVERNMENT AREA PROFILE GOLD COAST Located south of Brisbane CBD, in South-East Queensland s major growth corridor, the Gold Coast combines the benefits of close proximity business opportunities and major transport infrastructure, with coastal lifestyle and value-for-money. Home to the Southern Hemisphere s largest collection of theme parks including Dreamworld, White Water World, Warner Bros. Movie World, Wet n Wild Water World and Australian Outback Spectacular, the trip up the M1 Highway to the northern Gold Coast precinct of Pimpama is an exciting pilgrimage for Australian families. The region is home to a panorama of off coast islands, national parks, bushlands, beaches 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 Gold Coast. The Gold Coast has entered a new era of investment and infrastructure as a lead up to the Commonwealth Games in $2 billion of this forecasted infrastructure has been allocated to venue construction for the 2018 Commonwealth Games alone with a major stadium for the event opening and closing ceremonies being a short distance away from Gainsborough Views. Construction to the new 1.5 billion Coomera Town Centre is underway and will be a major regional centre competing against Pacific Fair and Robina Town Centre with around 100,000 sqm of retail space. With Australia s biggest light rail project completed and the major station built within the newly finished University hospital and Griffith Health and Knowledge precinct, trains carrying up to 309 passengers in airconditioned comfort service 14 stations between Arundel and Pacific Fair, Coomera, as well as other key suburbs will have bus links from all major stations. These projects, along completed Broadwater Parklands foreshores and the proposed Cruise Ship Terminal will put the Gold Coast on the world stage, reaffirming it as Australia s premier holiday and lifestyle destination and subsequently putting demand on the supply of quality rental and permanent dwellings. Situated by the diverse range of contemporary restaurants, cafes, bars, shopping options and beachside accommodation. The region attracts people from all around the globe with landmark facilities such as the Gold Coast Convention and Exhibition Centre and Conrad Jupiter s Hotel and Casino positioned in the heart of the district and within easy reach of accommodation and night spots. GAINSBOROUGH VIEWS PAGE 21

22 SUBURB PROFILE PIMPAMA Pimpama is situated in the heart of the Gold Coast s northern growth corridor and is ranked as the fastest growing area in Queensland and Australia s fastest-growing region outside a capital city. Pimpama is a developing community on former farming land which still retains large tracts of open spaces which characterise the suburb s unique lifestyle. GROWTH & THE ECONOMY Infrastructure investment and development together with continued population growth and growing employment opportunities will continue to make the northern growth corridor a key driver of both the gold coast and Queensland s economies. Pimpama falls within the Gold Coast s northern growth corridor, one of the most dynamic and quickly growing regions within the State. The corridor has a strong industrial foundation given its superior accessibility to a major port, highways and airports. Infrastructure investment and development together with continued population growth and growing employment opportunities will continue to make the northern growth corridor a key driver of both the Gold Coast and Queensland s economies. COOMERA TOWN CENTRE The neighbouring suburb of Coomera is home to the 92.2 hectare Coomera Town Centre. Stage one covers a total area of hectares and is expected to include an 88,000m2 regional Westfield Shopping Centre with extensive retail and recreational facilities including a cinema, two-level department store and an artificial beach. The plan for Stage One is expected to generate 1,200 jobs during construction and 3,300 new jobs on completion. Future plans for the Town Centre include a business district with midrise office and apartment buildings, education, health and light-industry components, transport and community infrastructure to service a population of up to 150,000. TRANSPORT & INFRASTRUCTURE The Pacific Motorway runs through the suburb connecting it with the Brisbane CBD, in a drive which takes just over half an hour. Travel time to the Brisbane Airport precinct takes approximately one hour. To the south the Pacific Motorway affords resident s access to Southport and wider Gold Coast region in approximately 20 minutes. In April 2015 the Queensland & Federal Governments announced the $75 million upgrade of the Coomera Interchange on the Pacific Motorway to ensure the long-term infrastructure requirements of the rapidly growing area are met. HIGH LEVEL OF CONNECTIVITY RENTAL MARKET Growth in median weekly rents of both three and four bedroom houses within Pimpama is gaining Momentum with rents increasing by $30 per week and $45 per week over the five-year period to June Furthermore, at the time of undertaking this research the suburb was enjoying both a high gross rental yield and low vacancy rate pointing to a favorable purchasing proposition. HIGH GROSS RENTAL RIELD & LOW VACANY RATE The latest data reveals Pimpama s housing market recording an average gross rental yield of 5.0% combined with a tight vacancy rate of 3.0%. To put this into perspective, a vacancy rate of 3.0% is indicative of a market where rental demand is in line with supply. The suburb s current low vacancy rate points to a market in a state of undersupply. GAINSBOROUGH VIEWS PAGE 22

23 EMPLOYMENT The 250 hectare Gold Coast Marine Precinct at Coomera is the major marine industry industrial area within the Gold Coast. The precinct is dedicated to the Manufacturing, servicing/repairs and refits of recreational boats. The precinct currently contains 60 businesses employing an estimated 2,500 people. The State Government has approved the $390 million, 63.5-hectare Gold Coast International Marine Precinct which will be developed adjacent to the existing precinct. On completion, the precinct it is anticipated to employ in excess of 5,000 people. MARINE PRECINCT 5,000 JOBS The Yatala Enterprise Area (the YEA), just over 10 kilometres from Pimpama, is the largest zoned industrial land area in the Gold Coast and the city s leading industrial precinct. The YEA accommodates a range of large industrial facilities including Carlton United Brewery, Visy and PWR in additional to a number of industrial parks including the M1 Yatala Enterprise Park and the Empire Industrial Estate which accommodates the 60,000m2 Caterpillar parts distribution centre2. The YEP is planned to accommodate up to 40,000 workers at capacity and is subsequently a significant driver of high population growth, particularly across the skilled labour demographic. YEP = 60,000 WORKERS The 200 hectare Gold Coast Health and Knowledge Precinct is located 25 minutes from Pimpama. The precinct is evolving into a globally competitive precinct which is already home to a diverse range of knowledge based businesses and medical institutes. The precinct is now one of the Gold Coast s major employment nodes which is expected to continue to generate tens of thousands of new jobs over the long term. The precinct is home to the new $1.76 billion Gold Coast University which includes seven main buildings and houses one of Queensland s largest clinical teaching and research facilities; the $150 million Griffith University Health Centre and the new $230 million Gold Coast Private Hospital. EDUCATION Consistent with the area s demographic profile being comprised largely of younger families is a substantial choice of educational facilities ranging from day care centres, primary and secondary schools and tertiary institutions. The area offers over 30 day care centres and kindergartens all within 15 minutes drive from Pimpama. The suburb and its immediate surrounds is home to more than 20 primary and secondary schools including Pimpama State School, Pimpama State Primary College and Pimpama State Secondary College. The prestigious new King s Christian College Pimpama Campus, opened in 2015 offering childcare, pre-prep and primary school. Each year a new year level will be introduced as the students start to progress with secondary school set to commence in The new $26 million TAFE Queensland Gold Coast s Campus at Coomera has recently opened in neighbouring Coomera. The Campus provides courses in Advanced Engineering, Building Design, Graphic Design, Information Technology and Interior Design. A short, fifteen-minute drive from Pimpama is the Gold Coast s largest tertiary institution, Griffith University which has student enrolments in excess of 18,000. Additional providers of tertiary education in the region include the prestigious Bond University, TAFE Queensland s other Gold Coast campuses at Ashmore, Coolangatta and Southport and the Southern Cross University s Gold Coast Campus. GAINSBOROUGH VIEWS PAGE 23

24 The Gold Coast combines the benefits of major infrastructure with coastal lifestyle GAINSBOROUGH VIEWS PAGE 24

25 INFRASTRUCTURE GOLD COAST The international spotlight will be on the Gold Coast in 2018, when the city hosts one of the largest multi-sport events in the world, the Commonwealth Games, which is transforming the city s infrastructure and catapulting the Gold Coast onto the global stage. Sporting teams from across the globe come to the Gold Coast to train and compete at its world-class high-performance training facilities. Approximately $200 million is being invested into new and redeveloped sporting infrastructure, which will improve the city's capacity to host and support national and international events and training-camps for years to come. ( ) ATHLETES VILLAGE In 2013 the Queensland Government selected private developer Grocon to redevelop seven hectares of the 29 hectare Parklands site for use as the athlete's village during the Gold Coast 2018 Commonwealth Games (GC2018). The Parklands redevelopment incorporates 1252 permanent dwellings comprising of 1170 apartments and 82 townhouses that will provide accommodation and services to 6600 athletes and officials during GC2018. Also incorporated is 7.3 hectares of green and open space including a community park and extensive landscaped areas. Construction of the Commonwealth Games Village will inject $550 million into the local economy and 1500 jobs throughout design and construction. Private Developer Grocon, commenced early works on the Parklands site in August 2014 and construction commenced in August The site will be handed over to GOLDOC in October 2017 to be transformed into the Commonwealth Games Village. After GC2018 Grocon will prepare the development for a mixed-use residential community including one and two bedroom apartments and three bedroom townhouses that will become available for public rent and possible purchase from early Artist impression of Commonwealth Games Athletes Village. r-projects/commonwealth-games-village.html GAINSBOROUGH VIEWS PAGE 25

26 An artist's impression Commonwealth Games, Games Village LEGACY OF THE COMMONWEALTH GAMES VILLAGE The redevelopment of Parklands in Southport, is one of the largest urban renewal projects ever undertaken on the Gold Coast. After GC2018, the Parklands redevelopment will provide significant legacy infrastructure for a modern, mixed-used community which includes apartments, townhouses and a new business hub for health and knowledge, commercial and retail use. The village development will occupy seven hectares of the Parklands site and a further seven hectares will be dedicated to parks and open space. The balance of land will be held by the State for the future health and knowledge development that integrates within the existing multi-billion dollar Gold Coast Health and Knowledge Precinct. Artist impressions of Commonwealth Games Athletes Village. GAINSBOROUGH VIEWS PAGE 26

27 LOCATION: COOMERA VALUE: $470 MILLION PROJECT STATUS UNDER CONSTRUCTION EXPECTED COMPLETION: MID LATE 2018 WESTFIELD COOMERA TOWN CENTRE The $470 million Westfield Coomera Town Centre will open 2018 after decades of planning. The shopping centre is under construction on a site next to Coomera Train Station and just 500m from the M1 and will feature 140 speciality shops. Among its major tenants will be Woolworths, Coles, Kmart, Target and a cinema. The 59,000 sqm site off Foxwell Road will be transformed into a new benchmark dining, lifestyles and entertainment destination. Among its features will be a bright alfresco dining precinct which will be open alongside a fashion retailer area. Construction is well-advanced and will continue into 2018 when it will be completed just months after the end of the Commonwealth Games. G: Link Light Rail Stage 2 is critical infrastructure to respond to the increasing demand for public transport in the city and support the Gold Coast 2018 Commonwealth Games. Together, the Queensland Government and the City of Gold Coast have identified a light rail corridor to be delivered in stages. The corridor extends 42 kilometres from the heavy rail network at Helensvale station to the Gold Coast Airport at Coolangatta. Stage 1 of the light rail system, extending 13 kilometres from Southport to Broadbeach, commenced operations in July It has exceeded all expectations particularly in relation to patronage. Stage 2 will connect the light rail station at the Gold Coast University Hospital in Southport to heavy rail at the Helensvale station. GAINSBOROUGH VIEWS PAGE 27

28 GOLD COAST AIRPORT UPGRADE The first stage of the $300 million Gold Coast Airport upgrade has been put on hold until after the Commonwealth Games over fears that time to complete the development is running out. While construction had been expected to start as early as May this year and finish ahead of the April 2018 deadline, airport owner Queensland Airports Ltd today revealed that completion of major construction work will now be pushed back to It means passengers landing at the airport for the Games will still have to walk on the tarmac to the terminal as the transformational first stage to have included all-weather air bridges for the first time. The key focus of the project, dubbed Project LIFT, is the creation of a new three-level terminal to the south of the existing facility. Construction of the second stage, which was to begin after the Games, involves the full redevelopment of the existing terminal. However, the airport operator says some low-impact work will proceed immediately, including expansion of the apron capacity and introduction of self-check-in services to ease congestion through the terminal. The $300 million Project LIFT program is part of a long-term strategy for the airport to handle an expected 16 million passengers a year by 2031, or about 60 per cent of the current capacity of Sydney Airport. Gold Coast Airport passenger numbers topped six million for the first time in 2015, boosted by increased capacity from international carriers. Queensland Airports Ltd is working on a 20-year masterplan for the airport, due to be released soon. Under the plan, the airport will be extended further south, with land also allocated for as yet unfunded connections to heavy rail through the Tugun bypass and light rail along the Gold Coast Highway. An artist's impression of the proposed Gold Coast Airport plaza upgrade GAINSBOROUGH VIEWS PAGE 28

29 THE GOLD COAST CULTURAL PRECINCT A striking new cultural destination is planned for Australia s Gold Coast. To be delivered on a 16.9 hectare site, within walking distance of Surfers Paradise, the Gold Coast Cultural Precinct will be a heart for arts, culture and creative enterprise. It will become the Gold Coast s place to be for residents and visitors alike. With new visual and performing arts facilities and a programmed outdoor Artscape, the completed Gold Coast Cultural Precinct will support the city s already thriving cultural evolution. Design team leaders, ARM Architecture and Topotek1, have applied their 2013 international competition-winning concept to a site-wide Master Plan. It will guide staged delivery of the project over the next years. View the Master Plan. Early work started in 2015, enabling completion of the $37 million Stage 1 before the city hosts the Gold Coast 2018 Commonwealth Games. By 2018, Stage 1 will provide: A Versatile Outdoor Space stage and event platform in a garden-style amphitheatre, catering for audiences of up to 5000 and a wide range of civic events and performances Initial Artscape works surrounding an enhanced Evandale Lake and activated by artistic programming, markets, festivals, cinema and family recreation Detailed design is also being prepared for a pedestrian and cycle bridge connecting the Cultural Precinct with nearby Chevron Island and on to Surfers Paradise. This will enable construction of the precinct s Green Bridge to proceed when funding is secured. Future stages will be delivered after Outlined in the Master Plan, they will include a striking central Art Tower and adjacent Great Hall, new and refurbished performing arts facilities, and completion of the outdoor Artscape works. Council is working with The Arts Centre Gold Coast, governments, business, arts and cultural organisations and the community to build partnerships, secure funding and activate what will be a must-visit artistic and cultural destination. Artistic impressions of the Gold Coast Cultural Precinct GAINSBOROUGH VIEWS PAGE 29

30 JUPITERS CASINO UPGRADE A STAR IS BORN The Star Entertainment Group has stepped up its development plans for Jupiters Casino after revealing it will start construction later this year of a $400 million hotel-apartment project. The golden tower, which will rise 200 metres above the casino s Broadbeach Island site, is the first of up to five new buildings that could lead to a $2 billion transformation of The Star s Gold Coast property into a mini metropolis. The plan represents a rapid development program for the Jupiters property where The Star s is currently building a new six-star hotel that promises to raise the bar for the Gold Coast accommodation sector. According to The Star s Queensland managing director Geoff Hogg, the masterplan for the property will fill a growing need for hotel accommodation in Australia s tourism capital for the next two decades. The Star s capacity to bring its $2 billion masterplan for Jupiters Casino to fruition has been boosted by its joint-venture agreement with Chinese property conglomerates Chow Tai Fook Enterprises and Far East Consortium. The new six-star hotel is on track for completion ahead of the Gold Coast 2018 Commonwealth Games in April. Its completion will bring to fruition what The Star has been unable to achieve through a number of refurbishments undertaken on the existing hotel property in recent years. While the Chinese market remains a key source of VIP business for the highly competitive Australian casino market, The Star revealed in February that it was broadening its horizon to attract a bigger share of business from Singapore, Indonesia and Malaysia. As part of the property transformation, Jupiters is also headed for a name change. From July, the property will be known as The Star Gold Coast. The name change will herald a new era for Jupiters, topping off a refurbishment program that began more than two years ago. This has included upgrades to hotel rooms, the lobby and casino entrance, and the introduction of a suite of new dining offerings. Once completed, the new six-star hotel and the new hotel-apartment tower will create a complex with 1400 premium hotel rooms and residences, and more than 20 food and beverage outlets supported by retail and resort facilities. GAINSBOROUGH VIEWS PAGE 30

31 Source: The Urban Developer GAINSBOROUGH VIEWS PAGE 31

32 Experience the lifestyle that is... Gainsborough Views GAINSBOROUGH VIEWS PAGE 32

33 LOCATION GAINSBOROUGH VIEWS, PIMPAMA GAINSBOROUGH VIEWS PAGE 33

34 SITE PLAN GAINSBOROUGH VIEWS GAINSBOROUGH VIEWS PAGE 34

35 FACILITIES GAINSBOROUGH VIEWS Grass Areas Swimming Pool Multiple Covered Alfresco Areas Toilets GAINSBOROUGH VIEWS PAGE 35

36 FLOOR PLANS, CONFIGURATIONS & IMAGES TOWNHOUSE TYPE A GAINSBOROUGH VIEWS PAGE 36

37 TYPE B GAINSBOROUGH VIEWS PAGE 37

38 TYPE C GAINSBOROUGH VIEWS PAGE 38

39 CONFIGURATIONS GAINSBOROUGH VIEWS PAGE 39

40 CONFIGURATIONS GAINSBOROUGH VIEWS PAGE 40

41 INTERNAL PHOTS GAINSBOROUGH VIEWS PAGE 41

42 GAINSBOROUGH VIEWS PAGE 42

43 SCHEDULE OF FINISHES STANDARD OUTDOOR Roof material - Standard Builder s Range Colorbond Fascia & Gutters PVC downpipes painted to match Colorbond automatic garage door with 3 remotes Hume Doors - Standard Entry Range with dead lock included Aluminium windows & sliding doors (standard colours) Clear glass to all aluminium windows and sliding doors Front render with bagging to remainder of house as per elevation Eaves 450mm wide (when not restricted by boundary clearances). Gas hot water unit (continuous flow) Fully landscaped with turf, plants, mulch & river rock and edging. External taps (2), Wall mounted clothesline. Timber paling fence with fence returns to house & gate/s INDOOR Reverse Cycle Air-Conditioner to living area & Master Bedroom Ceiling Fans to all bedrooms and main living area Electrical telephone and TV points etc. with earth leakage safety switch, smoke detectors and generous amount of lighting and power points, external lights. Insulation - R2.5 to ceiling or similar Paint 3 coat washable paint to walls and doors and 2 coat ceiling & soffit Doors Redicote from Hume Doors. Mirrored Robes with Aluminium Frames. Blinds - Vertical blinds to all sliding aluminium windows & doors (excluding laundry door & bathroom, WC, ensuite & garage windows) Locks to all windows and sliding doors. Flooring - Carpet with underlay to bedrooms and Lounge (Builder s range) with pre-selected tiling to kitchen, family and hallway areas, bathroom/ensuite and feature tiling to kitchen splash back Ceiling heights as indicated on working drawings (2400mm) KITCHEN Bench Top 20mm stone bench top to entire kitchen Doors Combination of gloss and Laminex finish Splash back Feature tiled splashback Kitchen Sink Stainless steel with chrome flick-mixer. Stainless Steel Appliances Westinghouse (or equivalent) oven, ceran cooktop and range hood, with Dishlex (or equivalent) dishwasher BATHROOM & LAUNDRY Laminex finish to vanity units with 20mm stone bench tops Drop-in basins and chrome flick-mixer, Caroma double towel rails and toilet roll holders. Powder coated aluminium shower screens (clear laminated glass). Mirrored shaving cabinet with adjustable shelves Please Note: Proposed external & internal finishes are subject to change. MG Land reserves the right to substitute similar colours or products depending on availability and/or cost constraints. Correct from September GAINSBOROUGH VIEWS PAGE 43

44 Surround yourself with parks, Creeks, sporting fields and natural reserves at Gainsborough Views GAINSBOROUGH VIEWS PAGE 44

45 RENTAL APPRAISAL ONSITE MANAGEMENT 3 BED GAINSBOROUGH VIEWS PAGE 45

46 RENTAL APPRAISAL ONSITE MANAGEMENT 4 BED GAINSBOROUGH VIEWS PAGE 46

47 DEPRECIATION SCHEDULES BMT TAX DEPRECIATION GAINSBOROUGH VIEWS PAGE 47

48 DEPRECIATION SCHEDULES BMT TAX DEPRECIATION GAINSBOROUGH VIEWS PAGE 48

49 DEMOGRAPHICS SOURCED FROM RP DATA HOUSEHOLD STRUCTURE Type Percent Couples with Children 48.4 Childless Couples 27.3 Single Parents 10.9 Lone Households 4.7 Other 4.4 Group Households 4.3 HOUSEHOLD OCCUPANCY Type Percent Renting 54.1 Purchaser 29.5 Owns Outright 13.5 Other 2.9 GAINSBOROUGH VIEWS PAGE 49

50 HOUSEHOLD INCOME Income Range Pimpama % GC City % 0-15K K K K K K K AGE SEX RATIO Pimpama GC City Age group Male % Female % Age group Male % GAINSBOROUGH VIEWS PAGE 50

51 RP DATA AREA PROFILE The size of Dakabin is approximately 6 square kilometres. It has 3 parks covering nearly 7% of total area. The population of Dakabin in 2006 was 1,275 people. By 2011 the population was 1,448 showing a population growth of 13% in the area during that time. The predominant age group in Dakabin is 0-14 years. Households in Dakabin are primarily couples with children and are likely to be repaying between $ $2400 per month on mortgage repayments. In general, people in Dakabin work in a non-specific occupation. In 2006, 83.6% of the homes in Dakabin were owner-occupied compared with 74.2% in Currently the median sales price of houses in the area is $455,000. SALES STATISTICS SOURCED FROM RP DATA MEDIAN SALE PRICE Year 2015 Year 2016 Year 2017 Period Median Price Median Price Median Price January $425,500 $444,990 $477,000 February $434,000 $444,980 $483,935 March $435,500 $440,400 $489,395 April $440,000 $440,000 $489,000 May $445,000 $442,900 $490,000 June $445,000 $445,880 n/a July $447,000 $449,880 n/a August $446,440 $446,440 n/a September $445,000 $445,000 n/a October $445,880 $445,880 n/a November $445,060 $445,060 n/a December $445,000 $445,000 n/a GAINSBOROUGH VIEWS PAGE 51

52 RECENT MEDIAN SALE PRICES HOUSE Pimpama GC City Period Median price Median price May 2017 $490,000 $618,000 April 2017 $489,000 $615,000 March 2017 $489,395 $615,000 February 2017 $483,935 $610,000 January 2017 $477,000 $601,250 December 2016 $477,000 $600,000 November 2016 $475,000 $595,000 October 2016 $464,000 $590,000 September 2016 $463,200 $585,000 August 2016 $450,300 $580,000 July 2016 $449,880 $580,000 May 2017 $490,000 $618,000 UNIT Pimpama GC City Period Median price Median price May 2017 $377,500 $412,000 April 2017 $378,750 $412,000 March 2017 $380,000 $410,000 February 2017 $370,000 $410,000 January 2017 $362,500 $406,000 December 2016 $358,000 $405,000 November 2016 $358,000 $405,000 October 2016 $348,000 $402,500 September 2016 $344,000 $400,000 August 2016 $337,500 $399,000 July 2016 $331,000 $395,000 LAND Pimpama GC City Period Median price Median price May 2017 $250,250 $255,000 April 2017 $250,000 $254,300 March 2017 $248,300 $253,000 February 2017 $247,750 $250,500 January 2017 $247,000 $250,000 December 2016 $245,000 $250,000 November 2016 $245,000 $248,300 October 2016 $245,000 $247,500 September 2016 $244,000 $245,800 August 2016 $242,000 $244,750 July 2016 $242,000 $243,925 GAINSBOROUGH VIEWS PAGE 52

53 SALES PER ANNUM HOUSE Pimpama Period Number UNIT Pimpama Period Number LAND Pimpama Period Number GAINSBOROUGH VIEWS PAGE 53

54 SALES BY PRICE HOUSE Pimpama Price Number <200k k k k m 0 1m 2m 2 >2m 3 UNIT Pimpama Price Number <200k k k k m 0 1m 2m 0 >2m 0 LAND Pimpama Period Number <200k k k k m 0 1m 2m 3 >2m 1 GAINSBOROUGH VIEWS PAGE 54

55 CAPITAL GROWTH IN MEDIAN PRICES HOUSE Pimpama GC City Period % change % change % 7.48% % 6.48% % 5.88% % 5.15% % 1.36% % -6.18% % -1.92% % 8.33% % -6.8% % 14.44% UNIT Pimpama GC City Period % change % change % 6.22% % 2.78% % 4.35% % -4.17% % -3.74% % -2.86% % 6.94% % -5.26% % 11.76% % 0% LAND Pimpama GC City Period % change % change % 5.37% % 3.42% % 0.86% % 0.87% % -0.86% % -2.73% % -0.83% % 1.32% % -3.11% % 18.93% GAINSBOROUGH VIEWS PAGE 55

56 Complemented by premium community facilities GAINSBOROUGH VIEWS PAGE 56

57 RECENT COMPARATIVE SALES SOURCED FROM RP DATA SOLD PROPERTIES GAINSBOROUGH VIEWS PAGE 57

58 ON THE MARKET GAINSBOROUGH VIEWS PAGE 58

59 All information in this report is collated from third parties and provided in good faith. No representation is given or implied as to its accuracy or its interpretation. All interested parties must rely on their own research before making an investment decision. GAINSBOROUGH VIEWS PAGE 59