Investment Information
Project Summary PROJECT ADDRESS • 31 Murarrie Road, Murarrie
PROJECT DESCRIPTION • 24 x 3 Bedroom, 2 car villas
PROJECT HIGHLIGHTS • Bespoke architecture • High end specifications and finishes • Large private decks with external stairs for
rear yard access
LOCATION HIGHLIGHTS • Close to Westfield Carindale • Walking distance to •
East Village precinct
•
Train and bus station
•
Cannon Hill Plaza Shopping Centre
• 8km from CBD • 2km from Metroplex Business Park • 5 min to Gateway Motorway • Close to schools •
Lourdes Hill
•
Anglican Church Grammar School
•
Cannon Hill Anglican College
RENTAL ESTIMATES • 3 Bedroom $640 - $670 per week
OUTLOOK
MAY 2015
A LOCATION
MURARRIE
Established transport infrastructure enables connectivity to major employment, recreation and retail centres / Pg 2
A CONTEXT ON BUSINESS, CULTURE, LIFESTYLE AND RESIDENTIAL
B DEMOGRAPHIC
High proportion of Generation X and Y enjoying ease of access to employment nodes and lifestyle amenity / Pg 3
Located to the east of the Brisbane CBD, Murarrie is an established suburb that offers residents transport connectivity and significant green space. Murarrie is positioned to benefit from the ongoing residential trend towards urban living. ESTABLISHED TRANSPORT OPTIONS CONNECT TO THE BRISBANE CBD
MURARRIE TRAIN STATION
GREEN SPACE AND PARKLANDS NEARBY
C
EMPLOYMENT Projected job growth in the nearby Australia Trade Coast is 83.3% to 2026 / Pg 3
E
RESIDENTIAL
F
RENTAL
Long-term median price growth recorded for townhouses in the Murarrie Catchment is strong at 6.6% per annum / Pg 4 Median weekly rents achieved for threebedroom townhouses in Murarrie are higher than those of the Brisbane LGA / Pg 4
CLOSE TO A RANGE OF SCHOOLING OPTIONS
LOCAL SCHOOLS
1
POP
2
INF
3
EMP
Murarrie accommodates all three of the Urbis economics and research fundamentals that make a sustainable suburb – Population, Infrastructure and Employment. GREEN SPACE
BRISBANE CBD 10KMS
WALKABILITY & ACCESSIBILITY
8
25
26
CLEVELAND LINE TO BRISBANE CBD
7
Murrarie
23 12 2
1
HOMEMAKER CITY
CANNON HILL KMART PLAZA
ALDI
KMART
BUNNINGS WAREHOUSE
COLES
8 SPECIALTY STORES
45 SPECIALTY STORES
6
EAST VILLAGE HIGH STREET RETAIL
15 5
GYM CINEMA HOTEL
CANNON HILL
5.3km
11MIN
4M IN
19
10
WOOLWORTHS
11
15 MIN
2MINS
14
32 SPECIALTY STORES
9
CANNON CENTRAL
3
2M IN
CANNON HILL BUS EXCHANGE
CREEK ROAD
15 M IN
4
20
5.3km
WY NN UM RO AD
11MIN
17
Entertainment, Shopping & Dining
Murarrie is an evolving Brisbane suburb with established connections to major employment, recreation and retail centres Located approximately ten kilometres east of the Brisbane CBD, and serviced by established bus and rail networks, Murarrie enjoys direct access to the Gateway Motorway via Wynnum Road. Surrounded by green space including the Murarrie Recreation Reserve and the walking trails and picnic facilities of the Minnippi Parklands, Murarrie also provides residents with close proximity to a range of recreation and retail amenity.
2
URBIS MURARRIE OUTLOOK Š URBIS.COM.AU
1 2 3 4 5 6 7 8
Cannon Hill Kmart Plaza Homemaker City Cannon Central Westfield Carindale Shopping Centre Cannon Hill Tavern East Village The Colmslie Hotel Oxford Street Retail & Dining Precinct
Recreation & Green Space 9 Murarrie Recreation Grounds 10 Minnippi Parklands 11 Brisbane Polo Grounds 12 Bill Cash Memorial Park 13 Colmslie Beach Reserve 14 Manly Boat Harbour
Infrastructure 15 Southgate Corporate Park Metroplex on Gateway Business 16 & Industrial Park 17 Belmont Private Hospital 18 Murarrie Train Station 19 Gateway Motorway 20 Domestic & International Airports Education 21 Murarrie State School 22 Cannon Hill Anglican College Saint Oliver Plunkett Catholic 23 Primary School 24 Balmoral State High School 25 Lourdes Hill College 26 Anglican Church Grammar School
Key Legend
DEMOGRAPHIC HAMILTON NORTHSHORE
8
BULIMBA
24 13 22
The Murarrie Catchment includes the suburbs of Murarrie, Cannon Hill, Morningside, Carina, Carina Heights and Carindale. Compared to the Brisbane LGA, the Murarrie Catchment has a higher proportion of residents in both the Generation Y and Generation X age groups, totalling 52.1 per cent of the population as at the 2011 Census. Generation Y are known for their preference of living in areas with good connectivity to their place of work, whereas Generation X places a high importance on locations close to school catchments.
GENERATION X & Y
PROPORTION OF POPULATION
52.1%
50.6%
MURARRIE 11 MIN
1.9km
16
MURARRIE CATCHMENT
BRISBANE LGA
Prepared by Urbis, Source: ABS Census 2011
3
1.1 MIN km
EMPLOYMENT 21
MU RA RRI E
18
RO AD
MU STA RARR TIO IE T N1 R 0M AIN W ALK
Train Station Bus Station
MAJOR INFRASTRUCTURE AUSTRALIA TRADE COAST $6 billion The Australia Trade Coast Region includes the Port of Brisbane and the Brisbane Airports. TRICARE INTERGRATED AGED CARE FACILITY $65 million
Murarrie has a range of employment nodes within an easy commute. As well as convenient access to the Brisbane CBD via train, bus or car. Southgate Corporate Park, which is home to approximately 2,000 employees, is centrally located on Wynnum Road. The award-winning MetroPlex on Gateway Business and Industrial Park, an eleven minute drive away and part of the Australia Trade Coast development area provides around 5,000 jobs.
JOBS GROWTH
83.3%
BY 2026
FORECAST GROWTH IN JOBS FOR NEARBY
AUSTRALIA TRADE COAST GATEWAY MOTORWAY UPGRADE $2.12 billion One of the largest bridge and road projects in Queensland’s history, the Gateway Motorway upgrade is now completed.
BELMONT PRIVATE HOSPITAL EXTENSION $4 million
50.6%
BY 2031
FORECAST GROWTH IN JOBS FOR NEARBY
BRISBANE INNER-CITY�
18%
BY 2031
FORECAST GROWTH IN JOBS FOR
EAST VILLAGE MASTER PLANNED URBAN VILLAGE $600 million Prepared by Urbis, Source: Cordells
CINEPLEX HAWTHORNE NEW DELUXE CINEMA $5 million
MURARRIE CATCHMENT�
Prepared by Urbis, Source: NEIER �Brisbane Inner-City includes: Brisbane City, Fortitude Valley, Sth Brisbane �Murarrie catchment includes: Murarrie, Cannon Hill, Carina, Carina Heights, Morningside, Carindale
URBIS MURARRIE OUTLOOK © URBIS.COM.AU
3
Market Appraisals
Schedule of Finishes
GENERAL EXTERNAL AND INTERNAL CONSTRUCTION • External walls: Predominantly painted render with •
alls between units: Fire and sound rated walls lined W both sides with painted plasterboard
ELECTRICAL • Free to air television points to living and bedroom 1 • Telephone points to bedroom 1 and kitchen • 1 phone line to each townhouse • Lighting to car park areas and grounds
•
I nternal walls: Stud walls lined with plasterboard and paint finish
• •
AIR-CONDITIONING • Reverse cycle air-conditioning
Roof: Colorbond metal deck roof with insulation
COMMUNICATIONS • All townhouses prewired for internet
• • •
Internal doors: Painted flush panel doors
•
Door hardware – front door: Designer lever handle lock set
•
oor hardware – internal door: Chrome levers with D privacy set to bathroom and ensuite
• •
Cabinet hardware: Designer handles
•
alustrades: Powder coated aluminium screens, glass B and/or texture coated masonry
•
un/privacy screens: Powder coated or clear anodised S aluminium framed screens (refer unit plans if applicable)
•
Driveways and paths: Select features as per landscape plan
• • • •
Fencing: A mixture of metal, timber and masonry
•
Visitor car parking: On-site visitor car parking
stained timber panelling
oors and windows: Powder coated aluminium D frames with glazing Entry door: Gloss painted solid core door or equivalent inen doors and broom cupboard: Satin painted flush L panel door with shelves (4 shelves to linen)
Lighting: Selected surface and/or recessed mounted fittings
Hot water service: Instantaneous gas hot water External glass: Clear to energy efficiency requirements ulkheads: Flat acrylic paint on plasterboards as B required for services
ENTRY, LOUNGE, LIVING AND DINING • Floor: Timber – 190mm wide European Oak • Walls: Washable low sheen acrylic paint • Ceilings and cornice: Painted plastering lining. Selected cornice or trim to ceiling
• •
Skirting: Paint grade splayed timber skirting Architraves: Paint grade splayed timber architrave
BEDROOMS AND ROBES • Floor: Wyoming Twist on hotel underlay • Walls: Washable low sheen acrylic paint • Ceilings and cornice: Painted plasterboard lining. Selected cornice or trim to ceiling
• • • •
Skirting: Paint grade splayed timber skirting Architraves: Paint grade splayed timber architrave Walk in robes: 1 shelf, hanging rail Built in robes: 1 shelf, hanging rail
KITCHEN • Floor: 190mm wide European Oak • Walls: Washable low sheen acrylic paint • Ceiling and cornice: Painted plasterboard lining.
•
• •
Benchtops and cupboards 2 options Option 1 – NOBLE
• •
2 0mm Caesar Stone ‘Calacutta Nuvo’ generally Laminex Impressions ‘White Washed Oak’ Raven Finish and Laminex Impressions ‘White Nuance’ Finish
Splashback: Bronze mirror Kickboards: Brushed stainless steel Pantry: Selected laminate finish with fixed shelves
KITCHEN FITTINGS • Sink: Stainless steel underslung sink • Tapware: Sink mixer or equivalent • Under bench oven: European 60cm • Cooktop: European gas 60cm • Range hood: 60cm slide out recirculating range hood • Dishwasher: Stainless steel • Integrated microwave • Water tap for fridge connection BATHROOM AND ENSUITE • Floor: Borgogna White 600x600 floor tiles • Walls: Borgogna White 297x597 tiles • Ceiling and bulkheads: Painted plasterboard ceiling with bulkheads as required for services
•
Vanity: 2 options
2 0mm Caesar Stone ‘Calacutta Nuvo’ generally Laminex Impressions ‘Jericho’ Nuance Finish
Mirror: Mirror to full width of vanity unit
BATHROOM AND ENSUITE FITTINGS • Shower screen: Aluminium semi-frameless and pivot door as determined by builder
Option 2 – OAK
•
• • •
2 0mm Caesar Stone ‘Piatra Grey’ generally Laminex Impressions ‘Jericho’ Nuance Finish and Laminex Impressions ‘White’ Nuance Finish.
•
2 0mm Caesar Stone ‘Piatra Grey’ bench top Laminex Impressions ‘Jericho’ Nuance Finish
Option 2 – OAK:
•
Selected cornice or trim to ceiling
• •
Option 1 – NOBLE:
•
Vanity Basin: Semi-recessed Vitreous China or equivalent
• • •
Toilet suite: White vitreous China dual flush
Tapware: Chrome mixers Accessories: Towel rail, toilet roll holder in a chrome finish
LAUNDRY • Floor: Borgogna White 600x600 floor tiles • Wall: Ceramic tile splashback and skirting with low sheen acrylic paint elsewhere
•
eiling: Painted plasterboard ceilings with bulkheads C as required for services
• •
Tapware: Chrome laundry set
Laundry sink: 45L stainless steel tub with cabinet under
NOTES • General: We may substitute items contained in
this schedule as long as the substituted item is as at least the same quality. The location of fixtures and fittings may be changed (but the new location must not adversely affect the use or functionality of the townhouse).
•
tone: The fact that stone is a naturally occurring S material, variation in colour, consistency and fault lines cannot be controlled. Builder will endeavour to match the stone displayed on the Finishes Boards, but can not guarantee the stone surface pattern and colour will not vary.
UNIT TYPE BUILDING 1, 31 MURARRIE ROAD, MURARRIE Indicative Tax Depreciation Schedule By obtaining a Tax Depreciation Schedule you will have the opportunity to reduce your tax assessable income, and therefore reduce the amount of tax you pay. This in turn can significantly enhance your hard earned after tax dollars and maximise your cash flow.
Other services our Asset Services team offers: Replacement Cost Estimates/Fire Insurance Reports Sinking Fund Analysis Personal Investment Analyses Asset Registers Capital Replacement & Maintenance Reserve Fund Reports Due Diligence Reports
Contact:
Zac Gleeson
Phone: Email: Date:
07 3327 5000 zgleeson@mitbrand.com 15 May 2015
Please contact our Asset Services Team on 1800 808 289 for any further information.
SPACE
01
15 May 2015
INDICATIVE DEPRECIATION SCHEDULE
Building 1 Typical Unit 31 Murarrie Road, Murarrie The table below provides an indicative 10-year Forecast of the Depreciation using the Diminishing Value Method for Calculating the Decline in Value of the Depreciating Assets and uses the Prime Cost Method to calculate the Capital Works Deductions as required by the ATO.
TEN YEAR FORECAST Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Depreciation Allowances
$6,570
$5,818
$4,482
$3,483
$2,729
$2,152
$1,710
$1,360
$1,089
$875
Capital Allowances
$7,913
$7,913
$7,913
$7,913
$7,913
$7,913
$7,913
$7,913
$7,913
$7,913
TOTAL
$14,483
$13,731
$12,395
$11,396
$10,642
$10,065
$9,623
$9,273
$9,002
$8,788
YR 1
YR 2
YR 3
YR 4
YR 5
YR 6
$ 16,000.00 $ 14,000.00 $ 12,000.00 $ 10,000.00 $ 8,000.00 $ 6,000.00 $ 4,000.00 $ 2,000.00 $ 0.00
YR 7
YR 8
YR 9
YR10
The First Year is based on a full year, ie:- 365 days. This is an Indicative Report, to be used as a guide only and as such cannot be used or relied upon as a Depreciation Report for Taxation Purposes. After Settlement, please contact our Asset Services Team at Mitchell Brandtman on 1800 808 289 or email bne@mitbrand.com to finalise your Tax Depreciation Report for inclusion in your Tax Return. Mitchell Brandtman is a firm of Quantity Surveyors and as such is not qualified to give professional advice on matters relating to taxation claims and returns. We are however qualified to advise on costs of plant equipment and building works. The report is produced on the terms and understanding that Mitchell Brandtman is not : 1) Responsible for the results of any actions taken on the basis of information in this document or any error in, omission from this document; 2) Engaged in rendering legal, accounting or taxation advice. Mitchell Brandtman provides independent professional advice and assistance to the construction and property industry.
SPACE
01
15 May 2015
INDICATIVE DEPRECIATION SCHEDULE
Building 2 Typical Unit 31 Murarrie Road, Murarrie The table below provides an indicative 10-year Forecast of the Depreciation using the Diminishing Value Method for Calculating the Decline in Value of the Depreciating Assets and uses the Prime Cost Method to calculate the Capital Works Deductions as required by the ATO.
TEN YEAR FORECAST Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Depreciation Allowances
$5,709
$5,193
$3,957
$3,049
$2,373
$1,863
$1,473
$1,169
$932
$748
Capital Allowances
$7,322
$7,322
$7,322
$7,322
$7,322
$7,322
$7,322
$7,322
$7,322
$7,322
TOTAL
$13,031
$12,515
$11,279
$10,371
$9,695
$9,185
$8,795
$8,491
$8,254
$8,070
YR 1
YR 2
YR 3
YR 4
$ 14,000.00 $ 12,000.00 $ 10,000.00 $ 8,000.00 $ 6,000.00 $ 4,000.00 $ 2,000.00 $ 0.00
YR 5
YR 6
YR 7
YR 8
YR 9
YR10
The First Year is based on a full year, ie:- 365 days. This is an Indicative Report, to be used as a guide only and as such cannot be used or relied upon as a Depreciation Report for Taxation Purposes. After Settlement, please contact our Asset Services Team at Mitchell Brandtman on 1800 808 289 or email bne@mitbrand.com to finalise your Tax Depreciation Report for inclusion in your Tax Return. Mitchell Brandtman is a firm of Quantity Surveyors and as such is not qualified to give professional advice on matters relating to taxation claims and returns. We are however qualified to advise on costs of plant equipment and building works. The report is produced on the terms and understanding that Mitchell Brandtman is not : 1) Responsible for the results of any actions taken on the basis of information in this document or any error in, omission from this document; 2) Engaged in rendering legal, accounting or taxation advice. Mitchell Brandtman provides independent professional advice and assistance to the construction and property industry.
SPACE
02
15 May 2015
INDICATIVE DEPRECIATION SCHEDULE
Building 3 Typical Unit 31 Murarrie, Murarrie The table below provides an indicative 10-year Forecast of the Depreciation using the Diminishing Value Method for Calculating the Decline in Value of the Depreciating Assets and uses the Prime Cost Method to calculate the Capital Works Deductions as required by the ATO.
TEN YEAR FORECAST Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Depreciation Allowances
$6,485
$5,815
$4,454
$3,448
$2,692
$2,119
$1,679
$1,335
$1,066
$855
Capital Allowances
$7,493
$7,493
$7,493
$7,493
$7,493
$7,493
$7,493
$7,493
$7,493
$7,493
TOTAL
$13,978
$13,308
$11,947
$10,941
$10,185
$9,612
$9,172
$8,828
$8,559
$8,348
YR 1
YR 2
YR 3
YR 4
YR 5
$ 16,000.00 $ 14,000.00 $ 12,000.00 $ 10,000.00 $ 8,000.00 $ 6,000.00 $ 4,000.00 $ 2,000.00 $ 0.00
YR 6
YR 7
YR 8
YR 9
YR10
The First Year is based on a full year, ie:- 365 days. This is an Indicative Report, to be used as a guide only and as such cannot be used or relied upon as a Depreciation Report for Taxation Purposes. After Settlement, please contact our Asset Services Team at Mitchell Brandtman on 1800 808 289 or email bne@mitbrand.com to finalise your Tax Depreciation Report for inclusion in your Tax Return. Mitchell Brandtman is a firm of Quantity Surveyors and as such is not qualified to give professional advice on matters relating to taxation claims and returns. We are however qualified to advise on costs of plant equipment and building works. The report is produced on the terms and understanding that Mitchell Brandtman is not : 1) Responsible for the results of any actions taken on the basis of information in this document or any error in, omission from this document; 2) Engaged in rendering legal, accounting or taxation advice. Mitchell Brandtman provides independent professional advice and assistance to the construction and property industry.
SPACE
03
15 May 2015
INDICATIVE DEPRECIATION SCHEDULE
Building 3 Typical Unit 22 31 Murarrie Road, Murarrie The table below provides an indicative 10-year Forecast of the Depreciation using the Diminishing Value Method for Calculating the Decline in Value of the Depreciating Assets and uses the Prime Cost Method to calculate the Capital Works Deductions as required by the ATO.
TEN YEAR FORECAST Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Depreciation Allowances
$5,602
$5,061
$3,868
$2,987
$2,330
$1,832
$1,451
$1,154
$921
$741
Capital Allowances
$7,336
$7,336
$7,336
$7,336
$7,336
$7,336
$7,336
$7,336
$7,336
$7,336
TOTAL
$12,938
$12,397
$11,204
$10,323
$9,666
$9,168
$8,787
$8,490
$8,257
$8,077
YR 1
YR 2
YR 3
YR 4
$ 14,000.00 $ 12,000.00 $ 10,000.00 $ 8,000.00 $ 6,000.00 $ 4,000.00 $ 2,000.00 $ 0.00
YR 5
YR 6
YR 7
YR 8
YR 9
YR10
The First Year is based on a full year, ie:- 365 days. This is an Indicative Report, to be used as a guide only and as such cannot be used or relied upon as a Depreciation Report for Taxation Purposes. After Settlement, please contact our Asset Services Team at Mitchell Brandtman on 1800 808 289 or email bne@mitbrand.com to finalise your Tax Depreciation Report for inclusion in your Tax Return. Mitchell Brandtman is a firm of Quantity Surveyors and as such is not qualified to give professional advice on matters relating to taxation claims and returns. We are however qualified to advise on costs of plant equipment and building works. The report is produced on the terms and understanding that Mitchell Brandtman is not : 1) Responsible for the results of any actions taken on the basis of information in this document or any error in, omission from this document; 2) Engaged in rendering legal, accounting or taxation advice. Mitchell Brandtman provides independent professional advice and assistance to the construction and property industry.
SPACE
04
15 May 2015
INDICATIVE DEPRECIATION SCHEDULE
Building 4 Typical Units 12-17 31 Murarrie Road, Murarrie The table below provides an indicative 10-year Forecast of the Depreciation using the Diminishing Value Method for Calculating the Decline in Value of the Depreciating Assets and uses the Prime Cost Method to calculate the Capital Works Deductions as required by the ATO.
TEN YEAR FORECAST Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Depreciation Allowances
$8,800
$7,845
$6,296
$5,113
$4,193
$3,470
$2,893
$2,428
$2,048
$1,738
Capital Allowances
$6,978
$6,978
$6,978
$6,978
$6,978
$6,978
$6,978
$6,978
$6,978
$6,978
TOTAL
$15,778
$14,823
$13,274
$12,091
$11,171
$10,448
$9,871
$9,406
$9,026
$8,716
YR 1
YR 2
YR 3
YR 4
YR 5
YR 6
$ 18,000.00 $ 16,000.00 $ 14,000.00 $ 12,000.00 $ 10,000.00 $ 8,000.00 $ 6,000.00 $ 4,000.00 $ 2,000.00 $ 0.00
YR 7
YR 8
YR 9
YR10
The First Year is based on a full year, ie:- 365 days. This is an Indicative Report, to be used as a guide only and as such cannot be used or relied upon as a Depreciation Report for Taxation Purposes. After Settlement, please contact our Asset Services Team at Mitchell Brandtman on 1800 808 289 or email bne@mitbrand.com to finalise your Tax Depreciation Report for inclusion in your Tax Return. Mitchell Brandtman is a firm of Quantity Surveyors and as such is not qualified to give professional advice on matters relating to taxation claims and returns. We are however qualified to advise on costs of plant equipment and building works. The report is produced on the terms and understanding that Mitchell Brandtman is not : 1) Responsible for the results of any actions taken on the basis of information in this document or any error in, omission from this document; 2) Engaged in rendering legal, accounting or taxation advice. Mitchell Brandtman provides independent professional advice and assistance to the construction and property industry.
PROPOSED ANNUAL BUDGET – ADMINISTRATIVE FUND Body Corporate for Portavilla Community Title Scheme 31 Murarrie Road, Murarrie First Financial Year: TBC ADMINISTRATION FUND
REMARKS
BUDGET
INCOME Levies - Administration Fund
$
59,242.84
Total Admin Fund Income
$
59,242.84
EXPENDITURE Auditor Fees
$
Body Corporate Administration Management
$
4,680.00 $195.00 per lot per annum x 24 townhouses
Insurance Premiums – Building
$
7,267.13 2nd Year of Insurance
Income Tax Returns Preparation & Co-ordination
$
GST Compliance (BAS)
$
MyStrata/License Fees
$
Bio Basin Maintenance
$
Caretaker/ Management Rights
$
Caretaker Consumables
$
1,000.00 Fuel, oil, lawn mower maintenance
Repairs & Maintenance - Gardens & Grounds
$
1,000.00
Repairs & Maintenance - Building
$
750.00 If not under warranty or defect liability period
Repairs & Maintenance- Plumbing
$
500.00 If not under warranty or defect liability period
Repairs & Maintenance - Electrical
$
500.00 If not under warranty or defect liability period
Repairs & Maintenance - General
$
500.00
Council Fees
$
200.00 Backflow testing
Electricity
$
450.00 Communal areas
Water Rates
$
500.00 Communal
Pest Control & Termite Inspection
$
800.00 For Second year
$
450.00 Signage, common seal stamp etc
Sundry Expenses
$
-
750.00 1,000.00 $250.00 per quarter 510.00 3,000.00 Annual Maintenance 30,000.00 $1,250.00 per lot per annum
53,857.13
SUBTOTAL GST
$
5,385.71
TOTAL PROPOSED ADMINISTRATIVE FUND EXPENDITURE
$
59,242.84
First Financial Year BUDGET
SINKING FUND
For the first year
REMARKS
Estimated Sinking Fund
$
Calculated Estimate - QS required to complete 10,000.00 formal Sinking Fund Forecast Report
Subtotal GST TOTAL PROPOSED ADMINISTRATIVE FUND EXPENDITURE
$ $ $
9,090.91 909.09 10,000.00
P: 07 3361 9960 F: 07 3361 9900 E: admin@bcalliance.com.au
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 24
Contribution Entitlement
41 41 41 41 41 41 41 41 41 41 42 41 41 41 41 41 42 42 42 42 42 42 43 43 995
Interest Entitlement $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
329.65 329.65 329.65 329.65 329.65 329.65 329.65 329.65 329.65 329.65 337.69 329.65 329.65 329.65 329.65 329.65 337.69 337.69 337.69 337.69 337.69 337.69 345.73 345.73 8,000.00
# Annual Insurance Levy $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 2,135.12 51,242.84
Annual Admin Fund Levy $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 416.67 10,000.00
^ Annual Sinking Fund Levy $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
2,881.44 2,881.44 2,881.44 2,881.44 2,881.44 2,881.44 2,881.44 2,881.44 2,881.44 2,881.44 2,889.48 2,881.44 2,881.44 2,881.44 2,881.44 2,881.44 2,889.48 2,889.48 2,889.48 2,889.48 2,889.48 2,889.48 2,897.52 2,897.52
Total Annual Levies (incl Insurance) $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
720.36 720.36 720.36 720.36 720.36 720.36 720.36 720.36 720.36 720.36 722.37 720.36 720.36 720.36 720.36 720.36 722.37 722.37 722.37 722.37 722.37 722.37 724.38 724.38
Quarterly Levies $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
55.41 55.41 55.41 55.41 55.41 55.41 55.41 55.41 55.41 55.41 55.57 55.41 55.41 55.41 55.41 55.41 55.57 55.57 55.57 55.57 55.57 55.57 55.72 55.72
Weekly Contributions
Unit 8, 156 Boundary Street, WEST END Q 4101 P: 3361 9960 F: 3361 9990 E: admin@bcalliance.com.au
* Please note, these fees are estimated as the total for all lots for 12 months for the respective agreements.
^ This levy is an estimate only. A Quantity Surveyor is recommended to complete a formal Sinking Fund Forecast Report to give exact figures for each annual Sinking Fund levy.
# This levy is based on an annual building premium that has been calculated at building costs and insurance rates estimated at the completion of building. This levy may vary if building costs or insurance rates vary from the estimated rates. The Insurance Premium will be paid by the Original Owner in the first year & recoverd from owners in accordance with the ISLE.
Total
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Unit No.
Proposed Lot Entitlements for the Body Corporate for Portavilla Community Titles Scheme
T H E ‘A’ T E A M
THE CORSO HOUSE, BESPOKE RESIDENCE
Dedicated to creating remarkable places I
n the crucible of the city, lifestyle and location combine with people and their dreams to create something far greater than the sum of the parts. At Azure, the process of refining the ingredients of site, design and materials into spaces in which people can achieve their best lives is one we take great delight in.
It is also one we approach with a persistent dedication to quality. Our repertoire of core expertise across construction, design, planning and development gives the company a multi-faceted skill-set that ensures our properties are an impeccable fusion of value and luxury. A testament to the noteworthy talents of the company’s directors is their previous legacy of more than two dozen award-winning residential projects, including multiple times being named HIA Home of the Year across Queensland, Gold Coast/Brisbane or National categories. Full attention is paid to aesthetics, engineering and considering the actual lived experience of being in one of our developments, so those who invest in our properties can for many years to come, enjoy the experience of living in places that say, “welcome home”.
“OUR PURSUIT OF MULTI-FACETED EXCELLENCE ULTIMATELY HAS ONE SIMPLE AIM - TO SAY TO YOU, “WELCOME HOME.” Azure Developments
P O RTAV I L L A 31 Mu ra rrie Road , Mu ra rrie QL D 4172 PHONE THE AZURE SALES CONCIERGE ON +61 7 3227 1575
PORTAVILLA.COM.AU