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 sports ﬁelds - Four major lake systems, 40 wetlands and 32 rain gardens University at Petrie Mill Moreton Bay Regional Council is negotiating the - Dozens of playgrounds, a skate park, play centre purchase of land at Petrie mill to build a stand alone and skate rink university. - Moreton Bay is just 10 mins away

8 9 Floor Plan Floor Plan Townhouses Apartments

2 INTERNAL: 141m 2 INTERNAL: 84m 2 COURTYARD: 24m 2 COURTYARD: 26m Example layout: 3 bed + 2 bath + 1 car 2 Example layout: 2 bed + 2 bath + 1 car YARD: 52m 2 PATIO: 13m 2 TOTAL: 217m 2 BACKYARD: 46m TOTAL: 169m 2

Lower Level Upper Level

1012 13 1113 Kitchen Bedrooms & Robes Schedule of Finishes » Floor: ceramic floor tiles » Floor: carpet with underlay » Walls: painted plasterboard » Walls: painted plasterboard » Ceilings and cornice: painted plasterboard » Ceilings and cornice: painted plasterboard Townhouses with painted plaster covered cornice with painted plaster covered cornice » Benchtops: caesar stone 20mm polished » Architraves and skirtings: painted timber » Splashback: ceramic tiles » Robes with sliding doors: aluminium framed mirrored robe doors in master bedroom, » Cupboards: laminate finish with while General Construction aluminium framed vinyl finish robe doors in melamine finish to internal faces & shelving » Floor: ground floor slab, first floor timber » Air-conditioning: split-system air- other bedrooms, hanging rail and wire basket framed conditioning living/dining areas » Kickboards: selected laminate finish storage shelves in all External windows: aluminium frames with » External walls: rendered, painted exin & » » Pantry: laminate finish with while melamine » Main bedroom airconditioning. painted weatherboard glazing finish to internal faces and shelving » Roof: Colorbond - various standard » Bulkheads: painted plasterboard » Joinery handles: stainless steel rectangular Bathroom / ensuite Colorbond colours » Floor to ceiling height: refer to individual handles » Floor: ceramic wet area floor tiles & ceramic » External glazing: G James 245 and 131 series house plans for confirmation » Tapware: stainless steel kitchen sink mixer tile skirting or similar » Ceiling fans: in bedrooms » Sink: 1. 25 stainless steel bowl kitchen sink » Walls: water resistant plasterboard » Internal walls: painted plasterboard » Windows: vertical blinds » Ceilings: painted plasterboard with painted » Internal doors: paint finish hollow core doors Whitegoods plaster covered cornice » Entry door: paint finished grade timber door Entry, Living & Dining » Oven: stainless steel built in wall oven-electric » Vanity basin: polymarble integrated vanity basin and bench » Door hardware: Lockwood entry set (or » Floor: ceramic floor tiles » Cooktop: stainless steel 60cm gas cooktop » Mirror: wall mounted mirror similar approved) » Walls: painted plasterboard » Rangehood: stainless steel out in built Toilet suite: white toilet suite » Cabinet hardware: satin stainless steel » Ceilings and cornice: painted plasterboard rangehood » rectangular pull handles with painted plaster covered cornice » Dishwasher: stainless steel dishwasher » Tapware: stainless steel mixer » Lighting: surface mounted and recessed » Architraves and skirtings : painted timber » Dryer: n/a » Shower screen: proprietary glass screen/door downlights to most areas » Accessories: towel rail and toilet roll holder in a chrome finish

General information & external areas » Hot water system: individual wall-mounted gas hot water units » IT communications: data cabling system connects each residence with the external communications provider. Internet access availability. Telephone point kitchen. Free-to- air television point to living room. Pre-wired connection point for Pay TV/Broadband to living room » Recreational facilities: 2 swimming pools & barbeque area » Car parking: garage for each residence » Courtyards: Fully landscaped, turfed and coloured concrete courtyards to each residence incorporating privacy fencing, external lighting, pergola and folding clothes line » Community areas: fully landscaped “green- street” community environment » Refuse: private council residential “wheelie” bins – screened area for both refuse and recycling to each residence 12 1315 Bedrooms & Robes General information & external areas Schedule of Finishes » Floor: carpet with underlay » Hot water system: individual wall-mounted » Walls: painted plasterboard gas hot water units » Ceilings and cornice: painted plasterboard » IT communications: data cabling system Apartments connects each residence with the external with painted plaster covered cornice communications provider. Internet access » Architraves and skirtings: painted timber General Construction » Joinery handles: stainless steel rectangular availability. Telephone point kitchen. Free-to- handles » Robes with sliding doors: aluminium framed air television point to living room. Pre-wired Floor: concrete slab » mirrored robe doors in master bedroom, connection point for Pay TV/Broadband to Tapware: stainless steel kitchen sink mixer » External walls: rendered concrete block » aluminium framed vinyl finish robe doors in living room » Sink: 1. 5 stainless steel bowl kitchen sink other bedrooms, hanging rail and wire basket » Roof: Colorbond - various standard » Recreational facilities: 2 swimming pools & storage shelves in all Colorbond colours Whitegoods barbeque area » External glazing: G James 245 and 131 series » Oven: stainless steel built in wall oven-elec- Bathroom / ensuite » Car parking: garage for each residence or similar tric » Floor: ceramic wet area floor tiles & ceramic » Courtyards: Fully landscaped, turfed and » Internal walls: painted plasterboard » Cooktop: stainless steel 60cm gas cooktop tile skirting coloured concrete courtyards to ground floor residences incorporating privacy fencing, » Internal doors: paint finish hollow core doors » Rangehood: stainless steel out in built range- » Walls: painted FC sheet wall lining hood external lighting and folding clothes line; » Entry door: paint finished external grade » Ceilings: painted plasterboard with painted balconies to first and second floor residences timber door » Dishwasher: stainless steel dishwasher plaster covered cornice » Rainwater tanks: communal underground » Door hardware: Lockwood entry set (or » Dryer: 3.5 kg dryer – only applicable to 1st & » Vanity basin: polymarble integrated vanity rainwater tanks similar approved) 2nd floor residences basin and bench » Community areas: fully landscaped “green- » Cabinet hardware: satin stainless steel Entry, Living & Dining » Mirror: wall mounted mirror street” community environment rectangular pull handles » Floor: carpet » Toilet suite: white toilet suite » Refuse: private council residential “wheelie” » Lighting: surface mounted and recessed bins – screened area for both refuse and » Walls: painted plasterboard » Tapware: stainless steel mixer downlights to most areas recycling to each residence » Ceilings and cornice: painted plasterboard » Shower screen: proprietary glass screen/door » Air-conditioning: split-system » Visitors car parking: visitor car parking with painted plaster covered cornice Accessories: towel rail and toilet roll holder in airconditioning living/dining areas » provided throughout development a chrome finish » Balustrades: aluminium » Architraves and skirtings : painted timber » Balconies: coloured concrete » Balcony doors and windows: aluminium framed glazing » Bulkheads: painted plasterboard » Floor to ceiling height: refer to individual house plans for confirmation » Bulkheads: painted plasterboard » Ceiling fans: in bedrooms » Windows: vertical blinds Kitchen » Floor: ceramic floor tiles » Walls: painted plasterboard » Ceilings and cornice: painted plasterboard with painted plaster covered cornice » Benchtops: caesar stone 20mm polished » Splashback: ceramic tiles » Cupboards: laminate finish with while melamine finish to internal faces & shelving » Kickboards: selected laminate finish » Pantry: laminate finish with while melamine finish to internal faces and shelving 15 Rental Appraisal Rental Appraisal Townhouses Apartments

NLV MANAGEMENT & SALES PTY LTD NLV MANAGEMENT & SALES PTY LTD

ACN 147 761 091 ACN 147 761 091

3 March 2017 3 March 2017

Rental Appraisal Rental Appraisal The Purchaser, The Purchaser North Lakes Views – Two Bedroom Apartment North Lakes Views – Three Bedroom Town House We have made the following assessment based on the current rental market plus the expediential growth and development within the Mango Hill area. We have made the following assessment based on the current rental market plus the expediential growth and development within the Mango Hill area. Included in our assessment are the surrounding suburbs such as North Lakes, Deception Bay and Kallangur. Included in our assessment are the surrounding suburbs such as North Lakes, Deception Bay and Kallangur. We have also discussed the current rental market with other property managers in the surrounding area to ascertain the level of rents achievable for a Two Bedroom, Two We have also discussed the current rental market with other property managers in the Bathroom Apartment. surrounding area to ascertain the level of rents achievable for a Three Bedroom, Two Bathroom Unit. Based on this information plus the current level of rents we are able to achieve within the complex of North Lake Views it is our opinion that a 2 Bedroom Apartment would attract a Based on this information plus the current level of rents we are now able to achieve within the rent return of $330 - $335 per week. complex of North Lake Views it is our opinion that at the completion of stage three, a 3 Bedroom Town House would attract a rent return of $350 - $360 per week. This opinion of the rental market has been prepared for the addressee only, and while we believe it to be a fair estimate at today’s date, no guarantee can be given as to ultimate rent This opinion of the rental market has been prepared for the addressee only, and while we achievable. Ultimate rents will be dependent on market conditions at the time of offering the believe it to be a fair estimate at today’s date, no guarantee can be given as to ultimate rent property up for rent. achievable. Ultimate rents will be dependant on market conditions at the time of offering the property up for rent. Yours faithfully

Yours faithfully Mike Ready Mike Ready Michael Ready Resident Letting Agent Michael Ready Resident Letting Agent

Unit 117/1 Linear Drive Unit 117/1 Linear Drive Mango Hill Qld 4509 Mango Hill Qld 4509 Phone: 07 3481 2431 Phone: 07 3481 2431 Mobile 0427 492 353 Mobile 0427 492 353 E-mail: northlakesviews @bigpond.com E-mail: northlakesviews @bigpond.com

16 17 9 Reasons to Buy

1 Location The development is located in the master planned community of North Lakes, hailed as the central hub of the North Brisbane growth corridor

2 Future Infrastructure The development is located next to the fastest growing master-planned community for construction activity in the country. Construction of the Moreton Bay Rail Link is in progress and many other projects are ongoing.

3 Growth Potential The future growth potential for the area is signiﬁcant, in terms of both population growth and employment. This is anticipated to translate into strong long-term capital growth.

4 Rental Appeal As the new hub of the North, the area has signiﬁcant retail development (North Lakes Westﬁeld Shopping Centre is just a minute away) and all other necessarily facilities nearby. As such it is very popular with families and renters.

5 Connectivity Positioned just minutes from the M1 the development is in a prime position for access to Brisbane and weekend getaways in the Sunshine Coast. With the Moreton Bay rail line currently under construction, and Mango Hill Rail station located across the road, the connectivity of the development is excellent. 6 All properties in the development are priced well in relation to the median price of the suburb. The price point of this development makes it affordable and attractive prospect for investors. Our trusted relationship with the developer has enabled us to negotiate additional inclusions for MRD clients.

7 Low Vacancy Rates There has been strong rental demand for the development with very low vacancy rates for properties in Stages 1 & 2.

8 Good Rental Yields Expected rental yields are in the range of 5% to 5.3%.

9 On-Site Management A property manager is present on site to ensure the daily running of the development goes smoothly, the quality of tenants and that low vacancy rates are maintained. Our property managers report that the management for the complex is one of the best they have worked with. 18 2119