South East

Population of SEQ Australian International &

Population growth in Queensland continues to be Interstate Migration 2017-18 largely concentrated in the South East with 87.7% of Queensland’s growth in 2017-18 occurring in the local government areas of , Gold Coast, State International Interstate Net +/- , Sunshine Coast, Ipswich, Logan Queensland +28,667 +24,698 +53,365 and Redland. +89,813 -21,672 +68,141 The fastest growing LGAs in the year to 30 June Victoria +85,053 +14,316 +99,369 2018 were in SEQ: Ipswich 3.5%, Sunshine Coast South +12,675 -5,151 +7,524 2.8%, Gold Coast 2.6% and Moreton Bay 2.3%. Western Australia +12,810 -11,300 +1,510 City Deal ACT +4,795 +558 +5,353 On 12 February 2019, the Australian Government Northern Territory +846 -3,831 -2,985 committed to develop a City Deal for South East Queensland in partnership with Queensland Tasmania +2,579 +2,382 +4,961 Government and the Council of Mayors for SEQ. Australia - - +237,238 The SEQ City Deal allows the Federal Government Source: ABS, Migration Summary 2017-18 to understand Local Council needs, having already invested $7.2B into major transport infrastructure projects, such as $200M for additional lanes on the between Rocklea and Oxley. South East Queensland Population Growth

LGA 2011 2012 2016 Brisbane 1,089,879 1,110,473 1,131,155 Gold Coast 515,202 526,173 555,721 Growth of SEQ Sunshine Coast 318,279 324,266 346,522 Redland 143,711 145,507 147,010 SEQ is a diverse that will continue to Moreton Bay 390,051 400,036 425,302 grow and experience change over the next 25 years. It is important that the region is Logan 287,474 293,485 303, 386 well-positioned to respond positively to this Ipswich 172,200 177,485 193,733 growth, and change in a manner that meets 35,880 36,512 38,609 the expectations of the community. Somerset 22,200 22,584 24,597 Over the next 25 years, SEQ is expected 37,437 37,826 40,072 to grow from about 3.5 million to 5.3 million people. This will require almost 800,000 new SEQ TOTAL 3,012,313 3,074,347 3,206,107 dwellings and around 950,000 new jobs.

PAGE 1 Sunshine Coast

The Sunshine Coast is one of the most popular holiday destinations for domestic and international visitors, known for the natural Population 2018 unspoiled beauty of its tropical rain forests, miles of white sandy beaches and the many holiday resorts and scenic tours. 319,922 (ABS ERP 2018) It is 3,130 square kilometres and stretches along approximately 65km of sandy beaches and headlands, from in the south to Population 2026 Noosa which is located about 1.5 hour drive, 90km north of Brisbane. 386,692 (Sunshine Coast Council) Population The population of the Sunshine Coast is forecast to grow to over Population Growth 385,000 people by 2026. It is anticipated that a total of over 168,000 dwellings will be required by this time. 20.9% (2018-2026 Sunshine Coast Council) The population, dwelling statistics and demographics of the Sunshine Coast between 2016 and 2026 forecasted the majority of population growth will be provided through net migration, 97% of all population Gross Regional Product growth. The largest of population increases will be those aged 35-39 $15.74B years, 0-4 years and 5-9 years i.e. younger and more established (NIEIR 2018) families. There will be an increase of approximately 36,700 dwellings and 32,700 households which is over 3,670 dwellings and 3,270 Local Jobs households per year. 141,118 (NIEIR 2018) South East Queensland Employed Residents International & Interstate Migration 2017-18 151,933 (NIEIR 2018) LGA Natural Overseas Interstate Net +/- Logan +3,390 +1,640 +1,100 + 6,130 Brisbane +8,200 +11,920 +2,820 +22,940 Ipswich +2,440 +750 +3,960 +7,140 Lockyer Valley +260 +250 +290 +790 Somerset +110 +60 +200 +360 Moreton Bay +2,620 +1,700 +6,050 +10,370 Redland +560 +490 + 1,220 +2,270 Gold Coast +3,300 +4,890 + 7,440 +15,630 Scenic Rim +100 +100 +640 +830 Sunshine Coast +960 +1,450 +6,370 +8,780 SEQ - - - +75,240

PAGE 2 Growth Drivers

Economy Commercial Development

The Sunshine Coast has been ranked as the second Caloundra South PDA highest performing regional economy in Queensland The Caloundra South Priority Development Area for 2013-14 and 2014-15 based on average annual (PDA) is approximately 2,360 hectares of greenfeld growth rate in population, employment and productivity. land located to the south of the established Caloundra The economy is predicted to grow over the next 20 urban area and is intended to be developed over a years to reach $33B in 2033. 30 to 40 year period accommodating up to 50,000 residents in 20,000 dwellings. The average annual economic growth of the Sunshine Coast from 2002-2015, 4.09% per annum compared International Broadband Submarine Cable with other major global economies (International From 2020, the Sunshine Coast will deliver Australia’s Monetary Fund, October 2015) demonstrates the fastest telecommunications connection to and the region’s economic strength and resilience. Economic second fastest to the United States. The International growth on the Sunshine Coast surpassed the Broadband Submarine Cable Project will position the Australian average annual growth rate by 1.05% per region as Australia’s leading smart city. annum over this period. Independent modelling forecasts that this cable will The Sunshine Coast is the tenth largest ‘signifcant generate up to 864 new jobs and up to $927M in new urban area’ in Australia by population (.id, 2014). The investment for Queensland. Businesses in Queensland region experienced a 10.1% growth in population over will, for the frst time, be able to bypass and a fve-year period (2008-2013), which was higher than connect direct internationally. This will provide business the national growth rate of 8.7% over the same period with a range of new opportunities that come with (ABS, 2014). The region is forecast to have the second increased speed and diversity. highest growth rate of major Queensland sub-state between 2011 and 2036. This connectivity will give major data-intensive companies such as Facebook, Google, Amazon and For the nearly 30,000 businesses on the Sunshine Microsoft the opportunity to revisit the benefts of where Coast, commercial confdence is at its highest level in they locate their Australian investments. The project seven years. The region is experiencing the highest includes a 550km undersea fbre optic cable that will levels of business proftability and total sales and connect the Sunshine Coast to the 9,600km Japan- revenue of any region in Queensland. Guam-Australia-South (JGA-S) submarine cable.

Sunshine Plaza Redevelopment CBD PDA

Sunshine Plaza’s $440M redevelopment delivered the Declared a Priority Development Area the Maroochydore coast’s frst David Jones, H&M, Sephora, lululemon and City Centre is expected to service a wider catchment of Sheike stores, as well as a new Big W, Kathmandu, JB over 2 million people by 2030. The 53ha site planned Hi-f, MECCA, Seed Heritage, Endota Spa and Baku. for development over 20 years will offer business and investors 50,000sqm commercial foor area, 65,000sqm The new stores take Sunshine Plaza’s total retailer retail and 2,000 residential apartments. count to 345 over 107,000sqm and elevate the Centre to be the frst super-regional shopping centre north Hotel, Entertainment, Convention Exhibition Precinct of Brisbane. The redevelopment is estimated to have One of the early precincts to become available will be generated close to 2,900 jobs during construction, and the 3.2ha site for a 250 room hotel plus 100 residential a further 2,300 retail job after it opened. apartments and 15,000sqm of retail space.

PAGE 3 Medical

Sunshine Coast Health Precinct The Sunshine Coast Health Precinct is the largest health infrastructure asset currently being developed in Australia. The Sunshine Coast Health Campus Transport incorporates the Sunshine Coast University Hospital and the Sunshine Coast Health Institute co-located Upgrade with the Ramsay-owned University Private Hospital. The Bruce Highway upgrade to six lanes between The health campus is adjacent to the Health Hub which Caloundra Road and the Sunshine Motorway will reduce offers specialist support and together will contribute an congestion and improve safety, and ensure the highway estimated $3.2B to the Sunshine Coast economy during can cater for future traffc growth. construction and a further $447M per year from operations. Construction is expected to be completed in late 2020. The $812.95M project is funded on an 80/20 basis Health Hub under the Infrastructure Investment Program with the The 17ha Health Hub provides up to 32,000sqm of Australian Government contributing $650.36M and the dedicated health and medical space in addition to contributing $162.59M. residential accommodation and mixed-use facilities. All land uses within the Health Hub are intended to support the functioning of the university hospitals. Proposed Sunshine Coast Light Rail The proposed light rail route between Maroochydore Sunshine Coast University Hospital and Caloundra will create almost 9,000 jobs during The Sunshine Coast University Hospital (SCUH) opened construction and operation, delivering an estimated in March 2017 to complement the new Oceanside Kawana $3.6B into the local economy. Health Precinct with 450 beds, and expected to increase to 738 by 2021. It was the frst teaching hospital to open Aerospace Precinct in Australia for 20 years. The 20ha site on Kawana Way Located at , the Sunshine Coast at Birtinya is being transformed into the Sunshine Coast Aerospace Precinct provides prime airside and landside Health Campus with the SCUH at its centre. development opportunities for smart and innovative aviation-related businesses. Over 35,000sqm of airside Sunshine Coast University Private Hospital and landside sites are available, with fexibility in block The Sunshine Coast University Private Hospital facilities size. The precinct includes: include 6 state-of-the-art operating theatres, 2 cardiac catheter laboratories, a minor procedure room, a day - Airside sites totalling 22,000sqm of hangar space surgery unit, an 11 bed intensive care unit/coronary care - Landside sites totalling 13,500sqm unit and an 9 chair day therapy unit. - Fully-serviced aviation facilities with Code C apron

Oceanside Kawana Sunshine Coast Airport Upgrade

Oceanside is the name for the central Kawana region The $400M Sunshine Coast Airport Expansion Project is under transformation as a $5B world-class destination located inside the existing airport site at Marcoola and for the Sunshine Coast. Oceanside encompasses the remains on target for completion by the end of 2020. Birtinya and Bokarina Beach communities, Birtinya Retirement Village and the future Birtinya Town Centre. Project Details: - New runway 2,450 metres long and 45 metres wide It is also home to the Sunshine Coast Health Precinct - $4.1B contribution Gross Regional Product (2020-2040) with the new $1.8B Sunshine Coast University Hospital - 120ha will be rehabilitated to offset ecological impacts and $200M Ramsay Sunshine Coast Private University - 2,230 new full-time direct and indirect jobs by 2040 Hospital. Stockland also continues to move forward with - Potential to attract up to 2,000,000 passengers its development plans for a new sub regional shopping - 3,500 fewer dwellings affected by fve or more aircraft centre for the Sunshine Coast. noise events of 70 decibels or more in 2020

PAGE 4 Palmview

Location Population 2016 Palmview is a growing suburb located 85.1km north of Brisbane CBD and 19.2km south-west of Sunshine CBD. 893 (ABS 2016 Census) Size The size of Palmview is approximately 18.6 square kilometres. It has 5 parks covering nearly 8.4% of total area. Population Growth

Population 53.6% The population of Palmview in 2011 was 573 people. By 2016 the (2011-16 ABS) population was 880 showing a population growth of 53.6% in the area during that time. The predominant age group in Palmview is 40-49 years. Annual Capital Growth

General Household 2.2% Households in Palmview are primarily couples with children and (CoreLogic April 2019) are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Palmview work in a trades occupation. Vacancy Rate

Home Owners 3.4% In 2011, 78.6% of the homes in Palmview were owner-occupied (SQM Research May 2019) compared with 83.9% in 2016.

Major Project

$3B Harmony Master Plan The $3B masterplanned community, Harmony, at Palmview, will be home to Queensland’s first grand linear park. Spanning more than 5ha and running the length of 10 football fields, the unusually flat development site was able to challenge traditional design concepts and deliver unprecedented open space and functionality to residents and wider community.

Set on 378ha the master plan will deliver more than 4,800 homes for 12,000 future residents as well as a town centre and 100ha of parklands.

PAGE 1 Lifestyle & Shopping Education

Shopping Centre Daycare Palmview residents can access shopping precincts Families have access to a variety of daycare facilities within a 10min drive, including Chancellor Park in neighbouring suburbs about a 7-10min drive such as Marketplace north in Sippy Downs and Parklands Goodstart Early Learning Little Mountain. Marketplace south-east in Meridan Plains. Sunshine Pre-School Plaza is a 20min drive north of Palmview and recently Palmview’s neighbouring suburbs have a range of completed a $440M redevelopment. pre-schools such as Bella Grace Early Learning Centre which offers a fully accredited Kindergarten Program. Restaurants & Cafés Palmview has a range of restaurants within a short Primary School drive for residents such as Bluey’s Bar & Grill, Daisy’s Residents have access to a variety of primary schools Place and Bombay Bliss. There are also various cafés in neighbouring suburbs 8-10min drive from Palmview including Strawberry Fields or 3 Divas Café to enjoy such as Glenview State School. breakfast, brunch or a coffee catch up with friends. High School Palmview has a range of public and private secondary Social & Entertainment schools in neighbouring suburbs including Meridan Located on the Bruce Highway at Palmview is Aussie State College and Chancellor State College. World family theme park that has over 30 rides and attractions. Parents can relax with a wine or a beer at University & TAFE The Pub at Aussie World, dine in their bistro and enjoy The major university near Palmview is USC Sunshine live music. For other family activities drive 15min to Coast located in Sippy Downs only a 9min/8km drive watch a movie at Bigscreen Cinema in Caloundra or away for students. The campus facilities include a $37M enjoy a range of community activities for all ages. Engineering Learning Hub. The nearest TAFE is in a 12min/13km drive north-east of Palmview.

Transport Medical

Bruce Highway Upgrade Phoenix Family Practice The $812.95M project involves upgrading the Bruce Palmview has access to a range of medical services Highway to 6-lanes between Caloundra Road and the located within 5-10min. This includes Phoenix Family Sunshine Motorway. This will have a positive impact on Practice and Ocean Family Medicine who support the the western service road at Palmview. health and wellbeing of local families.

This future connection from Palmview to the western Sunshine Coast University Hospital service road has been a very important outcome to Palmview is 12min/12km from Sunshine Coast University relieve the community’s concerns relating to the traffc Hospital and Sunshine Coast University Private Hospital fow for the additional 17,000 future Palmview residents. offering major health care facilities to the region.

PAGE 2 Palmview Tenancy Summary

Average House Price & Rental Yield

Vacancy Rate

Household Demographics Palmview Investment Summary

Capital Growth

Ref: RP Data CoreLogic 2019

Avg. Capital Growth Avg. Days On Avg. Median Gross Last 5 Years Market For Sale Rental Yield

11.6% 74 Days 4.5% Yield