INVESTMENT BROCHURE
MELBOURNE 8.3%
SYDNEY 7.3%
BRISBANE 11%
OVER THE PAST DECADE, BRISBANE APARTMENTS HAVE ACHIEVED AN AVERAGE ANNUAL RETURN OF 11%, OUT-PERFORMING SYDNEY AT 7.3% AND MELBOURNE AT 8.3%
DETAILED INVESTMENT INFORMATION Parkside Kedron, in one of Brisbane’s fastest-growing suburbs, is the result of thorough research, thoughtful design and a deep insight into market influences. Its location in Brisbane’s inner north means residents will benefit from direct links to the Brisbane CBD and the Brisbane Domestic and International Airports. From Kedron it’s just minutes to the city and to popular northern suburbs, South-East Queensland’s largest shopping centre and two major hospitals. This makes Parkside Kedron a sought after proposition for investors and locals alike.
3
10
1
Parkside Kedron
2
Bradbury Park (10 ha)
3
Prince Charles Hospital + Holy Spirit Northside Hospital
4
Westfield Chermside
5
Chermside Bus Interchange
4 5
3
7
Padua College + St Anthony’s Primary School
8
Wavell State High School
RD
RODE RD 8
GYMPIE RD
Burnie Brae Park
HAMILTON
6
2
6
11
9
AIRPORT 15mins T
T
9
Somerset Hills Primary School
10
Chermside Medical Centre
11
Kedron Wavell Services Club
7
CBD 8mins T
Bus Station Train Line T
Train Station
T
WHAT MAKES PARKSIDE KEDRON A GOOD LONG TERM INVESTMENT OPPORTUNITY? LOCATION
TRANSPORT LINKS
• Ideally positioned just 9km from the heart of the CBD.
• 100m to Gympie Road, a significant transport route.
• Close to schools, hospital, and universities. • 1.5km to Westfield Chermside Shopping Centre, the largest shopping centre in Queensland with over 400 retailers, food courts, pubs and Hoyts cinemas. • Immediately to the rear of the property (just over the back fence) is Bradbury Park with 10.86 hectares of grassland, playgrounds and picnic areas.
• Proximity and access to Brisbane’s new road network – the Clem 7, Airport Link and the Northern Link tunnels. Billions of dollars’ worth of infrastructure, allowing speedy access around the metropolitan area. • 1.4km to the Chermside Bus Interchange with 1000 buses departing weekly, 24 hours a day. • Brisbane Domestic & International Airport just 15km away.
• 1.7km to Chermside Aquatic Centre and the Chermside Library. • 2km to Seventh Brigade Park and 73 hectares of walking and cycling trails, sporting fields and recreation facilities. • 900m to Prince Charles Hospital, with 3500 staff treating 30,000 patients/month. • 900m to the Holy Spirit Northside Hospital. • 1.7km to Kedron Wavell Services Club.
5
CONSTRUCTION START
FORECAST: 2ND QTR 2015
SUPERBLY POSITIONED ON THE HIGHEST LAND
IN KEDRON
MODERN CONTEMPORARY DESIGN
CONSTRUCTION COMPLETE
FORECAST: 2ND QTR 2016
LOW BODY CORPORATE FEES
GENEROUS APARTMENT
SIZES RANGING FROM
ACROSS SIX LEVELS
89 TO 171m2
BOUTIQUE PROJECT – ONLY 45 APARTMENTS
DESIGNED TO HAVE VERY
THE PROJECT
5 OF THE PAST 7 YEARS YIELDS OVER 5%
DEMOGRAPHICS & STATISTICS 6 OUT OF 10 PEOPLE IN KEDRON RENT THEIR HOMES • 40% of occupied dwellings in Kedron are apartments, and 66% of the households are couples without children or single parents. There is a drastic shortage of two-bedroom apartments. • 12,500 people are employed across 600 businesses in the surrounding area. • Population growth owing to a net migration to the surrounding area of 1.1% per year. • To cater for the increasing population, 120 dwellings need to be built every year. Last year just 40 were built. This has caused high rental demand and tight vacancy rates of 1.6%.
5.5%
5.0%
4.5% 2007
OVER THE PAST DECADE, BRISBANE APARTMENTS HAVE ACHIEVED AN AVERAGE ANNUAL RETURN OF 11%, OUT-PERFORMING SYDNEY AT 7.3% AND MELBOURNE AT 8.3%.
2008
2009
2010
2011
2012
2013
2 BED UNIT
7
DESIGN • Well-appointed apartments with quality fixtures and fittings – refer to schedule. • Large kitchens, designed for functional living and entertaining. • Generous bedrooms, most with walk in robes. • Physical separation of bedrooms in the majority of two-bedroom apartments. • Good natural light with floor-to-ceiling glazing where possible, adding a sense of space to internal living areas. • Very generous balconies for outdoor entertaining. • Dedicated secure carpark, communal drying and BBQ area on level 2.
ARTIST IMPRESSION OF APARTMENT TYPE A
“NOW IS AN OPPORTUNE TIME TO INVEST IN THE BRISBANE MARKET”. VALUE FOR MONEY AND TIMING
• We have passed the bottom of the market and are currently in the midst of the recovery phase. • Parkside Kedron is priced at 10% below any other comparable apartment development in the immediate area. • The average apartment size is 103m2 with an average apartment price of $453,000. 1 x 1-bedroom apartment at $374,000. 42 x 2-bedroom apartments from $432,500. 2 x 3-bedroom apartments from $549,000. • Independent rental advice suggests rental ranges in the order of $360-$370/week for one-bedroom, $450-$470/week for two-bedrooms and $490$510/week for the three-bedroom apartments, representing very good gross rental yields.
ARTIST IMPRESSION OF APARTMENT TYPE A
9
HIGH DEMAND MARKET
KEDRON
108
VISITS PER PROPERTY
QLD AVERAGE
51
VISITS PER PROPERTY
Source: www.realestate.com.au, Sept 2014
ABOUT THE DEVELOPER Limitless is a property developer and builder of residential projects, with an unparalleled track record stretching 18 years in the residential apartment and luxury housing markets. Collaboration with leading contemporary architects and designers has allowed Limitless to move through different markets, delivering a range of residential offerings at the forefront of design and combining creativity with practicality. Limitless aims to make every property, whether it be an investment unit or a luxury house, something that people enjoy coming home to, while delivering a finished product which is always different from the competition. Because Limitless Constructions (the building division) holds an in-house open building license, the company can provide a seamless, reliable process. This ensures consistent and accountable project delivery at the highest level of quality while maintaining flexibility throughout the project. “Limitless takes exceptional pride in their projects and strives to provide ongoing assistance in their completed buildings to drive repeat purchase and loyalty�.
CONTACT Director: Nick Barr limitless.com.au
BODY CORPORATE FOR PARKSIDE KEDRON CTS
Administrative Fund - Amount per contribution lot of entitlement - per quarter Sinking Fund - Amount per contribution lot of entitlement - per quarter Insurance reimbursement - Approx amount per interest lot of entitlement in the second year pa
$100.00 $22.00 $12.00
30/09/2014
30/09/2014
Thank you for the opportunity to appraise your Property for its rental value.
Thank you for the opportunity to appraise your Property for its rental value.
When assessing the rental value of a Property, we take into account factors that assist in leasing your property promptly. This includes comparison of similar properties, current vacancies and market trends. Obtaining a realistic rental value ensures that your property is let as quickly as possible for a better financial return on your investment.
When assessing the rental value of a Property, we take into account factors that assist in leasing your property promptly. This includes comparison of similar properties, current vacancies and market trends. Obtaining a realistic rental value ensures that your property is let as quickly as possible for a better financial return on your investment.
Address: 38-42 Gallagher Terrace, Kedron, QLD, 4031
Address: 38-42 Gallagher Terrace, Kedron, QLD, 4031
Based on 1 Bed 1 Bath 1 Car
Based on 2 Bed 2 Bath 1 Car
Vacancy Rate – 2.0 %
Vacancy Rate – 2.0 %
Stock Level in the suburb – 4 (Low)
Stock Level in the suburb – 9 (Low)
Expected listing price $ 360 - 370 per week
Expected listing price $ 450 - 470 per week
A rental value is provided so that you can make a sound decision based on your personal situation.
A rental value is provided so that you can make a sound decision based on your personal situation.
Our feedback to you is important so that we can both make practical and informed rental assessments and vary the rental amount as needed. Lessors using our management services are provided with a regular appraisal at the end of each lease or annually, whichever comes first. If possible, we aim at achieving a higher rent for Lessors although this depends on many factors such as the condition of Property and the market activity.
Our feedback to you is important so that we can both make practical and informed rental assessments and vary the rental amount as needed. Lessors using our management services are provided with a regular appraisal at the end of each lease or annually, whichever comes first. If possible, we aim at achieving a higher rent for Lessors although this depends on many factors such as the condition of Property and the market activity.
Our team would be delighted to manage your investment with your individual needs in mind. I will be in contact in the near future however, if in the meantime I can answer any questions please contact me on 0478 807 288 or m.rossi@imageproperty.com.au
Our team would be delighted to manage your investment with your individual needs in mind. I will be in contact in the near future however, if in the meantime I can answer any questions please contact me on 0478 807 288 or m.rossi@imageproperty.com.au
Yours faithfully Mario Rossi Image Property Management
Yours faithfully Mario Rossi Image Property Management
BMT Tax Depreciation
Level 7, 320 Adelaide Street Brisbane QLD 4001 GPO Box 3229 Brisbane QLD 4001
QUANTITY SURVEYORS
t 07 3221 9922 e info@bmtqs.com.au f 07 3221 9933 w www.bmtqs.com.au Australia Wide Service
ABN 44 115 282 392
Estimate of Depreciation Claimable Typical 1 Bedroom Apartment, PARKSIDE 38-42 Gallagher Terrace, KEDRON, QLD 4031 Maximum
30/09/2014 Thank you for the opportunity to appraise your Property for its rental value. When assessing the rental value of a Property, we take into account factors that assist in leasing your property promptly. This includes comparison of similar properties, current vacancies and market trends. Obtaining a realistic rental value ensures that your property is let as quickly as possible for a better financial return on your investment.
Address: 38-42 Gallagher Terrace, Kedron, QLD, 4031
Based on 3 Bed 2 Bath 1 Car Vacancy Rate – 2.0 % Stock Level in the suburb – 8 (Low) Expected listing price $ 490 - 510 per week A rental value is provided so that you can make a sound decision based on your personal situation. Our feedback to you is important so that we can both make practical and informed rental assessments and vary the rental amount as needed. Lessors using our management services are provided with a regular appraisal at the end of each lease or annually, whichever comes first. If possible, we aim at achieving a higher rent for Lessors although this depends on many factors such as the condition of Property and the market activity. Our team would be delighted to manage your investment with your individual needs in mind. I will be in contact in the near future however, if in the meantime I can answer any questions please contact me on 0478 807 288 or m.rossi@imageproperty.com.au Yours faithfully Mario Rossi Image Property Management
Comparison Yr 1-10 (Min & Max)
Year
Plant & Equipment
Division 43
Total
1 2 3 4 5 6 7 8 9 10 11 +
5,907 3,669 2,826 2,220 1,571 1,306 1,102 732 499 350 2,012
5,700 5,700 5,700 5,700 5,700 5,700 5,700 5,700 5,700 5,700 171,031
11,607 9,369 8,526 7,920 7,271 7,006 6,802 6,432 6,199 6,050 173,043
Total
$22,194
$228,031
$250,225
Year
Plant & Equipment
Division 43
Total
1 2 3 4 5 6 7 8 9 10 11 +
4,833 3,002 2,312 1,816 1,285 1,068 902 599 409 286 1,646
4,664 4,664 4,664 4,664 4,664 4,664 4,664 4,664 4,664 4,664 139,935
9,497 7,666 6,976 6,480 5,949 5,732 5,566 5,263 5,073 4,950 141,581
Total
$18,158
$186,575
$204,733
$12,000 $10,800
Minimum
$9,600 $8,400 $7,200 $6,000 $4,800 $3,600 $2,400 $1,200 $0
1
2
3 4 5 6 7 8 Years Maximum Minimum
9
10
Cumulative Yr 1-10 (Min & Max) $78,000 $70,200 $62,400 $54,600 $46,800 $39,000 $31,200 $23,400 $15,600 $7,800 $0
1
2
3 4 5 6 7 8 Years Maximum Minimum
9
10
* assumes settlement on 1 July in any given year.
This is an estimate only and should not be applied or acted upon. Depreciation of plant is based on the Diminishing Value method of depreciation applying Low-Value Pooling. The Division 43 Write Off Allowance is calculated using 2.5% or 4% depending on the property type and date of construction. This estimate is based upon legislation in force at the date of report production.
This Estimate Cannot Be Used For Taxation Purposes To discuss the contents of this report please contact Bradley Beer at BMT Tax Depreciation on 07 3221 9922
Maximising Property Tax Depreciation Deductions
334718
BMT Tax Depreciation
BMT Tax Depreciation
Level 7, 320 Adelaide Street Brisbane QLD 4001 GPO Box 3229 Brisbane QLD 4001
QUANTITY SURVEYORS
t 07 3221 9922 e info@bmtqs.com.au f 07 3221 9933 w www.bmtqs.com.au Australia Wide Service
QUANTITY SURVEYORS
Maximum
Australia Wide Service
Division 43
Total
1 2 3 4 5 6 7 8 9 10 11 +
6,379 4,112 3,127 2,430 1,722 1,415 996 890 603 420 2,334
6,144 6,144 6,144 6,144 6,144 6,144 6,144 6,144 6,144 6,144 184,292
12,523 10,256 9,271 8,574 7,866 7,559 7,140 7,034 6,747 6,564 186,626
Total
$24,428
$245,732
$270,160
Year
Plant & Equipment
Division 43
Total
1 2 3 4 5 6 7 8 9 10 11 +
5,219 3,364 2,559 1,988 1,409 1,157 815 728 493 344 1,910
5,027 5,027 5,027 5,027 5,027 5,027 5,027 5,027 5,027 5,027 150,784
10,246 8,391 7,586 7,015 6,436 6,184 5,842 5,755 5,520 5,371 152,694
Total
$19,986
$201,054
$221,040
Maximum
$13,000
Minimum
$10,400 $9,100 $7,800 $6,500 $5,200 $3,900 $2,600 $1,300 1
2
3
4
5 6 7 8 Years Maximum Minimum
9
10
Plant & Equipment
Division 43
Total
1 2 3 4 5 6 7 8 9 10 11 +
6,771 5,280 3,935 2,995 2,127 1,714 1,220 891 860 595 3,209
10,282 10,282 10,282 10,282 10,282 10,282 10,282 10,282 10,282 10,282 308,448
17,053 15,562 14,217 13,277 12,409 11,996 11,502 11,173 11,142 10,877 311,657
Total
$29,597
$411,268
$440,865
Year
Plant & Equipment
Division 43
Total
1 2 3 4 5 6 7 8 9 10 11 +
5,540 4,320 3,219 2,451 1,741 1,402 998 729 704 487 2,625
8,412 8,412 8,412 8,412 8,412 8,412 8,412 8,412 8,412 8,412 252,366
13,952 12,732 11,631 10,863 10,153 9,814 9,410 9,141 9,116 8,899 254,991
Total
$24,216
$336,486
$360,702
Cumulative Yr 1-10 (Min & Max) $75,600 $67,200 $58,800 $50,400 $42,000 $33,600 $25,200 $16,800 $8,400 1
2
3
4
5 6 7 8 Years Maximum Minimum
9
10
$18,000 $16,200
Minimum
$84,000
$0
Comparison Yr 1-10 (Min & Max)
Year
$11,700
$0
ABN 44 115 282 392
Estimate of Depreciation Claimable Typical 3 Bedroom Apartment, PARKSIDE 38-42 Gallagher Terrace, KEDRON, QLD 4031
Comparison Yr 1-10 (Min & Max)
Plant & Equipment
t 07 3221 9922 e info@bmtqs.com.au f 07 3221 9933 w www.bmtqs.com.au
ABN 44 115 282 392
Estimate of Depreciation Claimable Typical 2 Bedroom Apartment, PARKSIDE 38-42 Gallagher Terrace, KEDRON, QLD 4031 Year
Level 7, 320 Adelaide Street Brisbane QLD 4001 GPO Box 3229 Brisbane QLD 4001
$14,400 $12,600 $10,800 $9,000 $7,200 $5,400 $3,600 $1,800 $0
1
2
3 4 5 6 7 8 Years Maximum Minimum
9
10
Cumulative Yr 1-10 (Min & Max) $130,000 $117,000 $104,000 $91,000 $78,000 $65,000 $52,000 $39,000 $26,000 $13,000 $0
1
2
3 4 5 6 7 8 Years Maximum Minimum
9
10
* assumes settlement on 1 July in any given year.
* assumes settlement on 1 July in any given year.
This is an estimate only and should not be applied or acted upon. Depreciation of plant is based on the Diminishing Value method of depreciation applying Low-Value Pooling. The Division 43 Write Off Allowance is calculated using 2.5% or 4% depending on the property type and date of construction. This estimate is based upon legislation in force at the date of report production.
This is an estimate only and should not be applied or acted upon. Depreciation of plant is based on the Diminishing Value method of depreciation applying Low-Value Pooling. The Division 43 Write Off Allowance is calculated using 2.5% or 4% depending on the property type and date of construction. This estimate is based upon legislation in force at the date of report production.
This Estimate Cannot Be Used For Taxation Purposes
This Estimate Cannot Be Used For Taxation Purposes
To discuss the contents of this report please contact Bradley Beer at BMT Tax Depreciation on 07 3221 9922
To discuss the contents of this report please contact Bradley Beer at BMT Tax Depreciation on 07 3221 9922
Maximising Property Tax Depreciation Deductions
334718
Maximising Property Tax Depreciation Deductions
334718
FLOORPLANS