North Lakes Views Final Stage Mango Hill, Qld

INVESTMENT REPORT NORTH LAKES VIEWS FINAL STAGE MANGO HILL, QLD North Lakes Views Brisbane, QLD 1 CONTENT Investor Essentials --------------- 3 Investor Essentials Why Brisbane? -------------------4 Why North Lakes? --------------- 6 Property address: Mango Hill, Brisbane, QLD What’s in the area... --------------8 Distance from Brisbane CBD: Floor Plans ----------------------- 10 30 minutes (30km) Schedule of Finishes------------ 12 Distance from the Sunshine Coast: 50 minutes (72km) Rental Appraisal----------------- 16 Nearest retail facilities: Westfield North Lakes - 500m 9 Reasons to Buy -------------- 18 Nearest high school: The Lakes College - 2.2km Dwellings in development: 78 townhouses & apartments Roof cladding: Colorbond Internal features: See schedule of finishes Development features: A range of 3 Bed Townhouses & 2 Bed Apartments contained within a new fully gated secure complex Body corporate estimate: $40 p/w (approx) Council rates: $2,000 per annum (approx) Expected completion date: March 2017 Property type: NEW TOWNHOUSES & APARTMENTS 2 Bed apartment price from $329,500 3 Bed townhouse price: from $375,000 2 Bed rental estimate (Apartment): $330 - $335 p/w 3 Bed rental estimate (Townhouse): $355 - $365 p/w 2 Bed apartment rental return: 5.21% - 5.29% 3 Bed townhouse rental return: 5.06% - 5.20% 2 Bed apartment total size: 101 - 169 m2 3 Bed townhouse total size: 208 - 217 m2 3 » One of the world’s largest municipalities by area. » Home to 2.15 million people. » The job market is growing at more than twice the rate of population growth. WHY » Over the past decade, the city has sustained the fastest employment growth of all Australian BRISBANE? capital cities. » It is anticipated that over the next two decades Brisbane will be regarded as » Brisbane is forecast to grow faster than » Over the past decade Brisbane has wit- a top ten lifestyle city and any other mature world city. Brisbane has nessed the delivery of a significant level of global economic hub. a $135 billion economy which is set to infrastructure which is widely recognised grow to $213 billion by 2031. infrastructure programs in the nation. » Moving forward Brisbane is projected to experience the highest rates of population » Queensland’s average infrastructure spend growth when compared with the eastern over the past ten years is 75% higher than states of New South Wales and Victoria the average of other states and territories and their respective capital cities. combined. » By 2031 Brisbane there is a forecast » The release of the Queensland Infrastruc- requirement for 400,000 new dwellings ture Plan and Program 2011-2031 identifies risbane is Australia’s third largest capital city and the to house the City’s rapidly growing $134 billion worth of infrastructure invest- Beconomic engine room for Queensland and is on track to population. ment for Brisbane and its surrounding become one of the world’s most prosperous cities..... region. The program represents the largest » Queensland currently ranks as one of the public infrastructure spending initiative in most undersupplied dwelling markets in Australian history. the country. » The RNA Showgrounds has begun its » Brisbane’s apartment market has demon- transformation into an all-year-round, strated itself to be one of the most resil- cultural and life-style hub. The project is ient markets in the nation. 22 hectares in size and forms the largest Brownfield development of its kind » The latest data shows that as at Decem- in the nation. The project is predicted to ber quarter 2013, Brisbane ranked as the cost an estimated $2.9 Billion and is expected to provide in the vicinity of $300 Australia. million per annum in economic benefits to Queensland. 2,000 jobs a year will be » According to the latest data provided directly created over the life of the project. by the Real Estate Institute of Australia, Brisbane’s average annual return over the » The second runway at the Brisbane Air- past ten years has outperformed returns port is expected to be completed in 2020 achieved in both Sydney and Melbourne.* and will deliver an economic benefit of around $5 Billion per year by 2035. It will » Between 2001 and 2011 household income create 2,700 jobs upon completion. in Brisbane increased 77% from $870 per week to $1,544 per week. Over the same » The redevelopment of Brisbane’s Central period the median weekly rent increased Business District will be the most signifi- 106% from $170 to $350 and the medi- cant privately and publicly funded rede- an monthly mortgage repayment (on a velopment in the CBD’s history. (Super weekly basis for comparison purposes) scale CBD redevelopment). increased 115% from $244 to $525. 4 5 Population & Demographics Infrastructure & Investment » The Moreton Bay region is the 3rd big- » Construction has been completed on the gest in Australia and one of the fastest $1.15 billion Moreton Bay Rail Link which growing in the country. has a station in Mango Hill and is expected » Estimated resident population of to be a catalyst for growth in the region. North Lakes/Mango Hill is almost 24,000 » North Lakes Town Centre has provision for WHY persons in June 2013. 130,000 sqm of commercial space. » It’s population is projected to double to » Expansion of North Lakes Westfield to NORTH LAKES? just under 48,000 by 2036. include 100 new retail stores and a multi » A growing population will lead to a screen cinema is ongoing. requirement for a significant number of » An Ikea store is under construction and new dwellings. planned to open in 2017. he suburbs of North Lakes & Mango Hill have been hailed Employment Tas the central hub of the North Brisbane growth corridor. » Easy access to the Brisbane CBD with an Market Fundamentals Awarded the Best Master Planned Community in Australia estimated workforce of more than » Median house prices are currently at $425k 300,000 people. for houses and $355k for apartments (at in 2011 and with ongoing investment and infrastructure September 2014). » The Town Centre and North Lakes development, this area is one to watch..... Business Park cater for a range of » The suburb is experiencing good rental businesses including Budget Direct and yields at 5%.for houses and 5.4% for units. Toyota. » Median weekly rents have remained stable » North Lakes & Mango Hill is a premium loca- » The overriding vision for the Mango Hill in- » The development provides easy access at around $350 for units and $370 for 3 tion in Brisbane’s northern corridor, a master frastructure DCP is to provide an attractive, to Brisbane Airport and Port of Brisbane. bedroom houses. planned residential, shopping and commer- » 13,000 full time jobs are expected on » Vacancy rates for clients purchasing in cial hub that was awarded the Best Master new town through an integrated and com- completion of the master planned Stage 1 & 2 have been very low. Planned Community in Australia in 2011. prehensive master planning process. development. 6 7 What’s in the area... Shopping Corso North Lakes Westfield North Lakes This modern state-of-the-art library and This large centre contains over 80 stores community centre is opening in North Lakes in including Myer, Coles, Woolworths, Big W, September 2014. Aldi and Target. Construction for expansion is underway for 100 new stores and an 8-screen Transport cinema. Bruce Highway Hilltop Shopping Centre North Lakes The development is positioned just minutes from This shopping centre provides the local the Bruce Highway providing convenient access community with convenient access to shops to Brisbane CBD (30 mins), Brisbane Airport (20 and key services including a Super IGA, BWS, mins), The Glasshouse Mountains (40 mins) and pharmacy, Australia Post and bakery. The Sunshine Coast (50 mins). Masters Home Improvement & Bunnings Public Transport A masters home improvement centre and There is a public transport interchange in North Australia’s biggest Bunnings are located nearby in Lakes Town Centre with regular local bus services North Lakes. and bus connections to Petrie Train Station. Train Costco station 200m walk. Costco opened its doors to residents in May 2014. Future Projects Ikea Construction for the Moreton Bay Rail Link is An Ikea store is under development and planned completed. It is expected to reduce the travel time to open in 2017. to Brisbane by 15 mins and remove hundreds of cars from the road, reducing congestion. Hospitals Sport & Recreation North Lakes Health Precinct North Lakes Resort Golf Club This health precinct contains a private hospital, Montserrat Day Hospital, a range of community North Lakes is home to one of the top ranking 18- health services and an ambulance centre. hole championship golf courses designed by leading golf course designer Graham Marsh. Mango Hill and North Lakes are also well positioned to access the superb health facilities North Lakes Aquatic Centre located in Brisbane. The centre features a 6 lane 25m heated lap pool, heated indoor learn to swim pool and an outdoor Schools & Universities play pool with water features. North Lakes has several childcare centres and quality schools including St Benedicts Catholic Primary, The Lakes College, North Lakes State Outdoor Recreation College and Bounty Boulevard State School. There The Mango Hill & North Lakes area is home to: are a range of tertiary education opportunities in - 80kms of bikeways and walkways the north of Brisbane including QUT, Australian Catholic University and The University of - 53 local and villages parks Queensland. - Three district parks with eight

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