PARKVIEW NORTH LAKES 1 BASS COURT NORTH LAKES. BODY CORP: $47.11 /wk. EXPECTED RENT: $375 - $395 /wk

Transcription

1 BODY CORP: $47.11 /wk EXPECTED RENT: $375 - $395 /wk PARKVIEW NORTH LAKES 1 BASS COURT NORTH LAKES

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3 CONTENTS OVERVIEW DEVELOPMENT.. 4 OVERVIEW DEVELOPER 5 REGION PROFILE BRISBANE. 6 INFRASTRUCTURE BRISBANE PROJECTS.. 9 AREA MAP LOCAL GOVERNMENT AREA MAP. 13 SITE PLAN BAYSIDE VISTA 15 FLOOR PLANS TOWNHOUSE. 17 RENTAL APPRAISAL TWENTY-FOUR SEVEN REALTY.. 22 DEMOGRAPHICS \SOURCED FROM RP DATA 24 SALES STATISTICS SOURCED FROM RP DATA.. 27 RECENT COMPARATIVE SALES SOURCED FROM RP DATA.. 32 PARKVIEW NORTH LAKES PAGE 3

4 OVERVIEW DEVELOPMENT Park View North Lakes is located in a prized position in the high growth suburb of North Lakes just 30 minutes drive from Brisbane s CBD. The project is situated within South East Queensland s progressive and developing Northern Growth Corridor, in which the State Government is investing in accommodating the increasing population and developing business opportunities. Moreton Bay Regional Council is focused on the development of neighbourhoods featuring community centres, housing choice, transport and open space networks. Park View North Lakes moulds perfectly with this vision to create communities that anyone would proudly call home. Built to exacting standards, each home is designed to accommodate in enduring style, offering quality and convenience and maximizing value. PROPERTY DETAILS Address: 1 Bass Court, North Lakes QLD 4509 Developer: Property Type: Townhouses Number of Total Lots: 218 Number of Stages: 2 Stage Expected Completion: Complete awaiting registration, due Sept NRAS Stock: N/A Price Range: $360,000 - $365,000 (3b); $396,000 - $398,000 (4b) Body Corporate / Week: $ $43.10 /wk. Expected Rental Return: 3 bed, $340 - $350; 4 bed, $385 - $395 Approx. Rental Yields: 3 bed, 4.91% % p/a; 4 bed, 5.08% % p/a BBQ entertaining area Swimming pool and gymnasium Project Features: Full time onsite Body Corporate Manager Bedrooms: 3 and 4 bedrooms available Bathrooms: 2 and 3 bathrooms available Study: Study nooks available on some lots Size Range: 140.4m m 2 Car Spaces: 1 & 2 car garage available Furnished: No Indoor Features: Outdoor Features: Split-system air conditioning Tiled living areas Modern kitchen with stone benches, dishwasher, ceramic cooktop and stainless steel oven and range hood Additional toilet on ground floor Security screens to all lower floor doors and windows Spacious carpeted bedrooms with built-in robes Ceiling fans in bedrooms Fully roofed patio and entry areas Fully fenced and landscaped PARKVIEW NORTH LAKES PAGE 4

5 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. PARKVIEW NORTH LAKES PAGE 6

6 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. PARKVIEW NORTH LAKES PAGE 7

7 SUBURB PROFILE NORTHLAKES North Lakes is an engaging, vibrant and energetic community that offers the very best in leisure, health, learning, business and employment opportunities. Designed for easy living with parks, playgrounds, schools, a golf course and even its own Westfield, North Lakes is a premier master planned community. Perfectly positioned midway between Brisbane and the Sunshine Coast, North Lakes is ideal for commuters - Brisbane CBD is located a short thirty minute drive away, providing residents with easy access to the city lifestyle. For families and weekend getaways, Queensland s famous Sunshine Coast is a mere one hour drive north. The size of North Lakes is approximately 12 square kilometres. It has 74 parks covering nearly 12% of total area. The population of North Lakes in 2006 was 6,505 people. By 2011 the population was 15,017 showing a population growth of 130% in the area during that time. The predominant age group in North Lakes is 0-14 years. Households in North Lakes are primarily couples with children and are likely to be repaying between $ $2400 per month on mortgage repayments. In general, people in North Lakes work in a Professional occupation. In 2006, 70.4% of the homes in North Lakes were owner-occupied compared with 61.9% in Currently the median sales price of houses in the area is 515,000. PARKVIEW NORTH LAKES PAGE 8

8 INFRASTRUCTURE MORETON BAY PROJECTS MORETON BAY RAIL LINK LOCATION: PETRIE TO KIPPA RING, QLD VALUE: $650 MILLION EXPERTISE: RAIL DURATION: JULY JUNE 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. PARKVIEW NORTH LAKES PAGE 9

9 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 of new development in the region. PARKVIEW NORTH LAKES PAGE 10

10 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 rooftop 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. PARKVIEW NORTH LAKES PAGE 11

11 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 PARKVIEW NORTH LAKES PAGE 12

12 AREA MAP LOCAL GOVERNMENT AREA MAP PARKVIEW NORTH LAKES PAGE 13

13 LOCATION 1 BASS COURT Insert maps PARK VIEW NORTH LAKES PARKVIEW NORTH LAKES PAGE 14

14 SITE PLAN PARKVIEW NORTH LAKES INSERT PARKVIEW NORTH LAKES PAGE 15

15 SCHEDULE OF FINISHES PARKVIEW NORTH LAKES EXTERNAL Structure: Brick veneer with reinforces slab Structure: Upper floor / timber Face brick or bagged & painted brick with planking to selected areas of upper levels Concrete roof tiles Aluminium windows and sliding doors Chrome plated front door lock & deadlock Moulded front door to suit 6ft CCA treated pine fencing to individual yards with side access gated where applicable Exposed concrete driveway with concrete path Exposed concrete with planted garden beds to rear 2 external brass garden taps to each house KITCHEN Fully laminated cupboards 1 ¾ bowl stainless steel sink Stainless Steel Oven Ceran Cooktop Stainless Steel Range hood Chrome Flickmixer Dishwasher BATHROOMS / ENSUITE / WC s Exhaust fans to all bathrooms & ensuite where appl. Tiles PC $30.00/m 2 White Duo-Flush toilets Acrylic vanity units, 2 Pac finish or Vitreous China Basins Chrome Taps throughout White acrylic bath tubs Tiled shower trays Clear glass, powder coated shower screen frames Mirrors above vanities, powder coated frames Privacy latches to bathroom and bedroom 1 door LAUNDRY Fully laminated cupboards where applicable Laundry basin set in laminated cupboard or glotub Tiles PC $30.00/m 2 Colour coordinated taps MISCELLANEOUS Remote control garage door Light fittings throughout with fluoro s to kitchen & garage & light to rear courtyards PC $400.00/unit Carpet PC $100.00/broadloom metre Fully painted throughout 2 coats, gloss to doors & architraves Vinyl or mirror sliders to wardrobes, colour coordinated Ceramic door knobs 90mm cove cornice throughout Pencil round mouldings throughout Security screens to all sliding doors Security screens to lower floor windows Insect screens to balance windows on upper level Vertical blinds throughout Ceiling fan lights to all bedrooms Split system reverse cycle a/c to living area Wall/fence mounted folding clothes line TV Antenna to service unit Swimming Pool Entertainment area (community item) Gymnasium (community item) TYPE D3 PARKVIEW NORTH LAKES PAGE 16

16 FLOOR PLANS TOWNHOUSE TYPE D6 PARKVIEW NORTH LAKES PAGE 17

17 TYPE D7 PARKVIEW NORTH LAKES PAGE 18

18 TYPE DG6 PARKVIEW NORTH LAKES PAGE 19

19 TYPE H7 PARKVIEW NORTH LAKES PAGE 20

20 TYPE T3 PARKVIEW NORTH LAKES PAGE 21

21 RENTAL APPRAISAL PARKVIEW NORTH LAKES PARKVIEW NORTH LAKES PAGE 22

22 DEPRECIATION SCHEDULE BMT TAX MANAGEMENT PARKVIEW NORTH LAKES PAGE 23

23 DEMOGRAPHICS \SOURCED FROM RP DATA HOUSEHOLD STRUCTURE Type Percent Couples with Children 61.8 Childless Couples 20.6 Single Parents 8.4 Lone Households 4.7 Other 3.0 Group Households 1.5 HOUSEHOLD OCCUPANCY Type Percent Purchaser 47.1 Renting 35.1 Owns Outright 14.8 Other 3.0 PARKVIEW NORTH LAKES PAGE 24

24 HOUSEHOLD INCOME Income Range North Lakes % Moreton Bay Region % 0-15K K K K K K K AGE SEX RATIO Moreton Bay North Lakes Region Age group Male Female Male Female % % % % PARKVIEW NORTH LAKES PAGE 25

25 RP DATA AREA PROFILE The size of Mango Hill is approximately 27 square kilometres. The population of Mango Hill in 2006 was 2,556 people. By 2011 the population was 4,334 showing a population growth of 69% in the area during that time. The predominant age group in Mango Hill is 0-14 years. Households in Mango Hill are primarily couples with children and are likely to be repaying between $ $2400 per month on mortgage repayments. In general, people in Mango Hill work in a non-specific occupation. In 2006, 80.9% of the homes in Mango Hill were owner-occupied compared with 69.4% in Currently the median sales price of houses in the area is 485,000. PARKVIEW NORTH LAKES PAGE 26

26 SALES STATISTICS SOURCED FROM RP DATA MEDIAN SALES PRICE Year 2013 Year 2014 Year 2015 Period Median Price Median Price Median Price January $460,000 $439,000 $455,000 February $417,582 $405,500 $464,875 March $423,555 $424,789 $443,929 April $525,000 $452,500 $474,500 May $429,500 $444,500 $485,000 June $426,000 $455,000 $0 July $430,000 $458,000 $0 August $424,000 $420,000 $0 September $429,500 $456,000 $0 October $403,000 $455,500 $0 November $409,000 $469,440 $0 December $439,000 $465,000 $0 PARKVIEW NORTH LAKES PAGE 27

27 RECENT MEDIAN SALES PRICES HOUSE Mango Hill Moreton Bay Regional Period Median Price Median Price May 2015 $485,000 $450,000 April 2015 $474,500 $410,000 March 2015 $443,929 $410,000 February 2015 $464,875 $415,000 January 2015 $455,000 $420,000 December 2014 $465,000 $415,000 November 2014 $469,440 $417,500 October 2014 $455,500 $410,000 September 2014 $456,000 $410,500 August 2014 $420,000 $412,500 July 2014 $458,000 $405,000 UNIT Mango Hill Moreton Bay Regional Period Median Price Median Price May 2015 $377,500 $225,000 April 2015 $365,000 $288,000 March 2015 $365,000 $335,000 February 2015 $365,000 $319,000 January 2015 $365,000 $320,000 December 2014 $330,000 $339,000 November 2014 $372,500 $330,000 October 2014 $359,000 $325,000 September 2014 $340,000 $335,000 August 2014 $375,000 $327,750 July 2014 $386,000 $330,000 LAND Mango Hill Moreton Bay Regional Period Median Price Median Price May 2015 $275,000 $275,000 April 2015 $245,000 $245,000 March 2015 $225,000 $228,150 February 2015 $257,000 $245,000 January 2015 $255,000 $225,000 December 2014 $350,000 $229,750 November 2014 $242,500 $230,150 October 2014 $235,000 $230,000 September 2014 $238,000 $225,375 August 2014 $227,500 $226,900 July 2014 $222,500 $222,250 PARKVIEW NORTH LAKES PAGE 28

28 SALES BY PRICE HOUSE Price Mango Hill Number k k k k k k k k m 2 > 1m m m+ 0 UNIT Price Mango Hill Number k k k k k k k k k m 0 1m + 0 LAND Price Mango Hill Number k k k k k k k k k m 0 1m + 1 PARKVIEW NORTH LAKES PAGE 29

29 CAPITAL GROWTH MEDIAN PRICES HOUSE Mango Hill Moreton Bay Regional Period % Change % Change % 3.3% % 3.4% % -0.8% % -6% % 4.5% % 2.5% % 0% % 0% % 0% % 0% UNIT Mango Hill Moreton Bay Regional Period % Change % Change % 4.1% % -3.3% % 0.3% % -2.2% % 2.3% % 7.2% % 0% % 0% % 0% % 0% LAND Mango Hill Moreton Bay Regional Period % Change % Change % 4.4% % 1.2% % 1.6% % -0.5% % 0% % -2.3% % 0% % 0% % 0% % 0% PARKVIEW NORTH LAKES PAGE 30

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