brisbane, kelvin grove newly apartments

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Disclaimer: All projections and assumptions are a prediction, and whilst Probity Investments has made every effort to ensure they are based on accurate and reliable information, they may be affected by assumptions that do not necessarily eventuate, or by known or unknown risks and uncertainties. The information in this publication does not represent financial advice and should not be regarded as such. It has been prepared without taking into account your financial situation or investment objectives. You should consider the appropriateness of the information in regards to your current financial situation or needs. Probity Investments Pty Ltd accepts no responsibility for the accuracy or completeness of any such material. The information is subject to change without notice and Probity Investments Pty Ltd is under no obligation to update the information or correct any assumptions which may change over time.

Cash Flow Positive by up to $162 per Week

Zest Apartments are a stunning fu-sion of architecture and amenity in Kelvin Grove Urban Village, a thriving University Precinct right on the edge of the Brisbane CBD.

ZEST APARTMENTS

PROPERTY TYPES: 1 & 2 Bedroom Apartments

PRICE RANGE: From $335,000 (1 Bedroom)From $490,000 (2 Bedrooms)

CAPITAL GROWTH: 8.8 %

RENT YIELD: 7.2 %

VACANCY RATE: 2.1 %

TOTAL R.O.I.: 16 %Under Construction Anticipated Completion: Q4 2016

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07 3198 6200

Population Growth

Queensland’s population is projected to double to around 9.4 million people by 2056 and is pro-jected to replace Victoria as Australia’s second most populous state in 2050. Throughout the year, an annual 2% growth rate has been record-ed in Queensland, which was higher than the na-tional rate growth (1.8%). The state’s high rate ofpopulation growth will be driven by a continuedstrengthening of both net overseas migration andnet interstate migration levels.

Migration Rate

Queensland is one of only two states forecast to experience positive net interstate migration for the next four years, averaging 20,000 people per year. This rise is principally underpinned by mi-grants from both New South Wales and Victoria driven to move due to the state’s relative hous-ing affordability, economic conditions continue to decline and strong employment opportunities. For the year ended June 2016, the State’s net interstate migration level is forecast to rise from around 10,500 to 19,000.

Net overseas migration has an immediate impact on the demand for housing as migrants require some form of housing on arrival, whether as rent-ers (in most instances) or as owner-occupiers.

Economic growth

The Queensland State Budget forecasts econom-ic growth of 6 percent in 2015 - 16. Queensland’s economy experienced the second highest aver-age annual growth rate of any Australian state or territory over the last 20 years. The State’s growth is anticipated to strengthen to 3.25% from 2014 onwards with Asia continuing to be the main driver of growth.

Queensland’s Gross State Product (GSP) is ex-pected to grow very strongly (at 3%) in 2014-15 which will see Queensland becomes the na-tion’s leading economy. Over the coming years, Queensland’s unemployment rate is forecast to decline, with the 2013/14 alone year seeing more than 60,000 new jobs were created taking the total number of employed persons to 2.32 million.

Looking ahead in Queensland, it is expected to continue to outstrip national growth. Sustained low interest rates and stronger population growth are expected to strengthen spending in the household sector.

Queensland

Queensland is the second-largest and third-most populated state/ territory in Australia. According to the latest data provided by the Queensland Government, Queensland’s current population sits at 4,740,927 people.

Source: Resolution Research Strategists


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Population Growth

Brisbane’s population is projected to increase by 53%, compared with Melbourne at 47% and Syd-ney at 33%. Across the 20 year period to 2036, Brisbane’s population is forecast to record the highest increase in population, which is projected to increase by more than 1.29 million persons to reach just over 3.4 million persons.

Over the next two decades the resident population of metropolitan Brisbane is expected to grow by an additional 820,000 persons. In order to cater to this growth, around $134 billion of infrastructure invest-ment has been set down for delivery in Brisbane and its surrounds over the coming 18 - 20 years.

Economic growth

Brisbane is forecast to grow faster than any oth-er mature world city over the next eight years, according to an international study compiled by market analysts Jones Lang LaSalle. The study ranked Brisbane as number one for expected gross domestic product (GDP) growth from 2012 to 2020. According to the study, Brisbane was forecast to have an average annual GDP growth rate of 5 percent over the period 2012 – 2020 with only three other major international cities projected to have growth rates averaging above 4%.

It is anticipated that over the next two decades Brisbane will be regarded as a top ten lifestyle city and global hub for resource and related ser-vice industry businesses. Its economy is already known for its strong business and cultural links with Asia. Over the next ten years Brisbane is predicted to be the fastest growing mature city in the world, ahead of Hong Kong and Singapore. Dwelling approvals throughout Brisbane (for both detached houses and apartments) are at their highest level in three years. Interestingly, the

improvement in residential construction has been overwhelmingly underpinned by the strength of the apartment market, which has recorded a 42% lift since 2011.

Growth in Brisbane’s housing market is forecast to be particularly strong over the coming years. Overall, Brisbane’s median house price is pro-jected to escalate by 17% over the next three years.

Employment Rate

Employment growth in Brisbane is strengthen-ing, driven by the growth of industries employing highly-skilled professional services. The latest Australian Bureau of Statistics labour force data shows the Professional, Scientific and Technical Services industry generated an additional 10,500 jobs over the past 12 months, to contribute to-wards the 1.074 million jobs in Brisbane.

By 2031, Brisbane City’s job market is forecast toexpand to 1.5 million by 2031, a projected in-crease of more than 443,000 workers, which will be an impressive growth in estimated economic output and the key driver of dwelling demand.

Brisbane

Brisbane is Australia’s third largest capital city and the economic engine room for Queensland and is on track to become one of the world’s most prosperous cities.

“Brisbane’s inner city off-the-plan apartment market has been in a state of undersupply since GFC.”

Source: Resolution Research Strategists

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Kelvin Grove Kelvin Grove is an inner northern suburb of Brisbane, approx. 2 km from the CBD which is one of the state’s major educational precincts, en-compassing a range of primary and secondary schools in addition to the Queensland University of Technology’s (QUT) Kelvin Grove Campus.


By 2036, the population of Kelvin Grove is projected to increase to 10,559 per-sons.

Kelvin Grove

Over the past decade Kelvin Grove has undergone significant transformation, the catalyst for which has been the $2 billion Kelvin Grove Urban Village. The redevelopment of the Kelvin Grove Urban Village and subsequent urbanization of Kelvin Grove has seen a strong rise in the volume of medium and high-density dwellings in the area.

In 2007, the initial stage of the Kelvin Grove Urban Village was released to market containing a mix of resi-dential, retail and commercial buildings.

The Kelvin Grove Urban Village incorporates ed-ucation, research, commercial businesses, med-ical services, retail, restaurants, bars, theatres, sport and recreation with residential living. This unique, extensive blend of mixed-use develop-ment and activities has proved to be an outstand-ing benchmark for urban development throughout Brisbane.

The high level of amenity in place throughout Kelvin Grove Urban Village, which has continued to increase over time, has been a key driver of dwelling demand and subsequent high rates of population growth.

Kelvin Grove Urban Village demonstrates best practice in sustainable, mixed-use urban devel-

opment. The village is based on the principles of Ecological Sustainable Development, which aims to balance environmental, social and economic issues for long-term sustainability. Importantly, the development has created a model for future development at less cost to the environment, translating to lower living costs for owners and residents.

Each Saturday the Urban Village hosts the popu-lar Village Markets. The markets feature over 90 stallholders including farm-fresh fruit and vegeta-bles, gourmet café and food stalls, organic foods, arts and crafts and clothing. In keeping with the community feel at the Urban Village, the markets also have performances from local musicians and street performers.

The Urban Village development is coming to a conclusion with the last few parcels of land cur-rently under application for development or soon to commence construction. After these last few projects, the Kelvin Grove Urban Village will have completed its transformation.

Consequently, as land supply dries up, we fore-cast the strong underlying level of demand will be sustained which is likely to further stimulate rates of price and rental growth within the Village.

Kelvin Grove Urban Village

There are more than 308,600 resident workforce in Brisbane CBD; Over 8,150 staff work at the Royal Brisbane, Royal Women’s and Royal Chil-dren’s Hospitals and the QIMR Berghofer Medical Research Institute, located in Herston, only 3km from Kelvin Grove, ranked in the top ten employ-ment growth areas in Brisbane.

Also, The suburb sits adjacent to the RNA Show-grounds which is currently undergoing a massive $2.9 billion redevelopment by Lend Lease. This major redevelopment will contain a mix of retail, commercial and residential buildings which, on completion, will have an estimated workforce of around 12,000.

Employment Rate

“You don’t want to miss out the last development project in Urban Village”

**Full Economic Overview provided upon request

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Infrastructure

Thanks to investment and the delivery of a high lev-el of major transport infrastructure the area has be-come one of the most accessible of all of Brisbane’s inner city suburbs.

Some of the major infrastructure projects which now service the area include:

The TransApex inner-city ring road compris-ing of the Go Between Bridge, the Clem 7 tunnel and the AirportLink tunnel. On completion the TransApex project will have delivered five criti-cal pieces of infrastructure into Brisbane’s inner city vastly improving access and travel times in and around the city. The project is the biggest urban road project ever proposed in Australia.

The $210 million Inner City Bypass running through Kelvin Grove connects the Pacific Mo-torway at Hale Street to Kingsford Smith Drive, the Clem 7, AirportLink and Lutwyche Road.

This valuable piece of road infrastructure has provided a pivotal link for residents of Kelvin Grove with some of the state’s major employ-ment nodes, the Gold and Sunshine Coasts.The $1.5 billion Legacy Way tunnel is currently under construction and will connect the Western Freeway at Toowong with the Inner City Bypass in Kelvin Grove. The tunnel will have a dramatic effect on relieving traffic congestion on Kelvin Grove’s local streets and further enhance the suburbs connectivity with greater Brisbane.

The $444 million Northern Busway opened in 2012 with a major terminus within Kelvin Grove Urban Village. The Busway connects the sub-urb with Brisbane’s CBD, major shopping cen-tres and workplaces including the Royal Bris-bane Hospital. The Busway runs from King George Square in the CBD to Kedron in Bris-bane’s north. A future extension of the Busway to Bracken Ridge is currently under investiga-tion by State Government.

The area has witnessed a massive volume of public and private infrastructure investment over recent years in order to support the growing resident and workforce population.

7

The Property - Zest Apartments

QUT’s Kelvin Grove cam-pus has more than 11,000 students

Close to CBD

20 minute walk to hospital

450m to UniversityNearby Golf Course

Close to transport hub

Zest Apartments are a stunning fusion of architecture and amenity in Kelvin Grove UrbanVillage. Being located right in the heart of the QUT Creative Industries Precinct puts you in the centre of a trend-setting community, while strong public transport linkages whisk you quickly to every-where else for work or play.

Email us for more information: [email protected]

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mailto:enquires%40probityinvestments.com?subject=Enquires%20on%20Zest%20Apartments%20

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8

The Property - Zest Apartments

FROM $335,0001 Bedroom & 1 BathroomExtra Study Nook

OverviewWith 60 one bedroom apartments and 84 two bedroom apartments over 12 levels, and a rooftop terrace with an undercover entertaining area featuring large screen TVs, landscaped gardens, pool and a BBQ area. Zest also offers a ground level of retail space with a cafe planned for the park side ground floor, along with commercial space on level 2, secure basement and podium level car parking, and professional building management for peace of mind.

- Free conveyancing professional fees- Free BMT Tax Depreciation Estimate- Other Amazing incentives available on enquiry



Property types:

Exclusive Incentives:Probity Investments: Developer:

- Free stamp / transfer duty on the property or Free furniture package

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Floor Plan - 1 Bed, 1 Bath (example)

**Click here for further floor plan

http://www.probityinvestments.com/wp-content/uploads/2014/09/1.Floor-Plans-Zest.pdf


Floor Plate - Level 3


Floor Plate Level 4,6,8,10,12,14


Floor Plate Level 5,7,9,11,13


Floor Plate - Overview

Ground Floor Retail

Level 2 Commercial

Roof Top


Schedule of Inclusions, Fixtures & Fittings

Zest’s interior spaces are designed to uplift you with a subtle palette of light colours and high-class finishes. Quality carpets throughout bed-rooms, tiled living areas and dining areas give a feeling of comfort, while the expansive glazing drenches rooms in natural light.

Stone benchtops, quality joinery, European style gas cooktops, wall ovens and dishwashers cre-ate inspiring kitchens, and the bathrooms fea-ture full-height tiling, mirrors and semi-frameless shower screens. All of Zest’s apartments are ca-bled for wireless, broadband, Pay TV, free to air HD digital TV and regular telephones, with multi-ple TV, high-speed data and phone points.

By orienting the building to maximise the benefit of winter sun for passive warmth, and minimise the heat from summer’s glare, Zest’s design as-sists in maintaining year-round comfort and re-duces the need for air-conditioning. Fresh air flows, thermal massing, architecturally-designed facade sunshading and extensive use of glazing

to make the most of natural light mean the use of mechanical heating and cooling is often unnec-essary.

An assessment by Anderson Energy Efficiency, a specialist minimum consultancy, showed Zest’s apartments have achieved a six star NatHERS rating for energy efficiency – making them 40 per cent more energy efficient than the minimum required under the National Building Code and Queensland Development Code. For residents, this translates into future proofing in terms of en-ergy bills and keeps the costs of living low.

Limited offer :Free Furniture Package or stamp / transfer duty on the property


SCHEDULE OF INCLUSIONS

UNIT INTERIORS

General BUyERS chOIcE Of cOlOUR SchEmE:

› “Salt”= Neutral / Light Tones. › “Pepper” = Neutral / Midtones . › “Chilli” = Black & White with signature colour.

WallS: Low sheen acrylic painted plasterboard walls.

lIvING: Floors tiled.

BEdROOm flOORS: Wool blend carpet with underlay.

cEIlINGS: Painted Plasterboard.

cORNIcE: Square set.

aRchITRavES: Timber with Paint finish.

SkIRTING: Timber with Paint finish.

kitchen applIaNcES

› European style stainless steel gas cooktop. › European style 600 wide oven. › Underbench oven unit types — B-1, C-1, C-2, C-4 & C-5. › Wall oven unit types — A-1, A-2, A-3, A-4 A-5, B-2 & C-3. › European style 600 wide retractable rangehood. › European style 600 stand alone stainless steel dishwasher.

flOOR: Tiled.

BENch TOpS: Reconstituted stone.

JOINERy & kIck: Laminate finish with melamine internal carcass finish.

Tap WaRE: Flick mixer chrome finish.

Bathroom vaNITy BENch TOpS: Reconstituted stone.

JOINERy & kIck: Laminate finish with melamine internal carcass finish.

Tap WaRE: Flick mixer chrome finish to shower & basin.

flOORS: Tiled.

WallS: Fully tiled.

TOIlET: White vitreous china.

ShOWER: Rail shower.

laundry WallS: Painted plasterboard with tiles to splashback.

flOORS: Tiled.

clOThES dRyER: 4kg dryer supplied.

TUB: Proprietary laundry tub unit.

Tap WaRE: Flick mixer chrome finish.

BedroomsWaRdROBES: Mirrored doors, full width melamine shelf with hanging rail and storage unit below.

BalconiesflOOR: Tiled.

BalUSTRadE: Aluminium framed glass or rendered masonry / concrete balustrade.

cEIlINGS: Painted stipple finish.

ElectricalTv:

› All units connected to aerial for access to high-definition digital TV. › Free-to-air TV point to living room and bed 1.

pay Tv: A Pay TV point to living room, bed 1.

TElEphONE: Telephone point to the living room & bedroom 1.

aIR-cONdITIONING: Ducted to living & bedrooms.

cOmmON facIlITIES & fEaTURES

Services GaRBaGE: Garbage chute provided.

lIfT: 2 x passenger lifts.

ENERGy RaTING: All residential units to achieve a minimum 6 star energy efficiency rating.

RESIdENT maNaGER: On-site Manager

IT and communicationsINTERNET: Broadband cabling provided. 1 service line to each apartment.

TElEphONE: All cabling to be minimum CAT 5.

SecurityaccESS cONTROl: Proximity Card controlling access to all common areas.

INTERcOm: Video intercom service to apartments.

cOmmON aREaS

car parkflOOR: Sealed reinforced concrete with line marking.

cEIlINGS aNd WallS: Off form concrete.

SEcURITy: Security access to basement car park.

foyers & common areascEIlINGS: Painted plasterboard.

WallS: Painted plasterboard.

flOORS: Tiles to ground level foyer. Tiles to lift lobby zone & carpet elsewhere.

ROOf TOp TERRacE: Rooftop terrace with TV screen, BBQ/Bar areas, covered seating/eating areas, informal gathering spaces, landscaped gardens and pool.

ExternalWallS: Painted rendered block work or painted concrete.

WINdOWS: Powder coated aluminium frames.

ROOf (REfER plaNS fOR ExTENT): Reinforced concrete slab.

dRIvEWayS aNd paThS: Exposed aggregate finished concrete.

The finishes and fittings contained in this Schedule of Finishes are preliminary only and are subject to change, without notice, during the course of the Development. The Seller is entitled to substitute any item contained in this Schedule of Finishes with an item of equivalent (or higher) quality or appearance. Refer also to clause 6.7 of the Contract. KGU28573 Produced by totogroup.com.au.

KGU28573 Schedule of finishes_v4.indd 1 29/05/14 12:37 PM

Schedule of Inclusions, Fixtures & Fittings


Cash Flow Analysis - 1 Bedroom, 1 Bathroom

Total Property Price 335,000$ Gross Annual Personal Income 100,000$ Land Price (if applicable) NA Property Depreciation Estimate 11,960$ Mortgage Loan to Value Ratio (LVR) 80%Mortgage Interest Rate (I/O) 5.00%Borrowing Costs 1,500$ Total Annual Holding Costs 20,910$ Conveyancing Professional Fees (normally $1,500) FREE plus Property Depreciation Estimate 11,960$ Transfer/Stamp Duty on Property 10,150$ plus Allowable Borrowing Costs 300$ Other Government Fees 819$ Total Annual Tax Decuctions 33,170$ Council Rates, Water & Sewerage 2,500$ Body Corporate Fees 2,892$ Gross Annual Rental Income 24,180$ Weekly Rent (as per furnished rent appraisal) 465$ plus Gross Annual Personal Income 100,000$ Property Management Fees 7.5% Total Gross Annual Income 124,180$ Landlord & Contents Insurance (if applicable) 305$ Furniture Pack (normally $11,700 OR Free Stamp Duty) FREE Total Gross Annual Income 124,180$

less Total Annual Tax Deductions 33,170$ Annual Taxable Income with the new property 91,010$

Mortgage Repayments 13,400$ Tax Payable without the new property (excl. any tax levies) 24,947$ Council Rates, Water & Sewerage 2,500$ less Tax Payable with the new property (excl. any tax levies) 21,621$ Body Corporate Fees 2,892$ Total Tax Savings with the new property 3,326$ Property Management Fees 1,814$ Landlord Insurance 305$ Total Tax Savings with the new property 3,326$ Other expenses -$ plus Gross Annual Rental income 24,180$

Gross Annual Rental Income 24,180$ Total Annual Income (post-tax) 27,506$ less Total Annual Holding Costs 20,910$ less Total Annual Holding Costs 20,910$

DISCLAIMER: This Cash Flow Summary involves projections and assumptions that can be affected by a number of unforeseen variables. The forecasts and assumptions are a prediction, and whilst Probity Investments has made every effort to ensure they are based on reasonable information, they may be affected by assumptions that do not necessarilly eventuate, or by known or unknown risks and uncertainties. It should be noted that past performance is not necessarilly a reliable indication of future performance. The information in this

publication does not represent financial advice and should not be regarded as such. It has been prepared without taking into account your financial situation or investment objectives. You should consider the appropriateness of the information in regards to your current financial situation or needs. Probity Investments Pty Ltd accepts no responsibility for the accuracy or completeness of any such material. The information is subject to change without notice and Probity Investments Pty Ltd is under no obligation to update the information or correct any

assumptions which may change over time.

ANNUAL CAPITAL GROWTH 8.8% GROSS RETURN ON INVESTMENT (ROI) 16.0%

GROSS ANNUAL RENT YIELD 7.2% VACANCY RATE 2.1%

TAX CALCULATIONS

WEEKLY CASH FLOW (Excl. Tax Deductions) 63$ WEEKLY CASH FLOW (Incl. Tax Deductions) 127$

ANNUAL CASH FLOW (Excl. Tax Deductions) 3,270$ ANNUAL CASH FLOW (Incl. Tax Deductions) 6,596$

Total Annual Holding Costs 20,910$ Total Annual Income (post-tax) 27,506$

CASH FLOW ANALYSIS"ZEST APARTMENTS" Kelvin Grove QLD 4059 - Unit 509, Level 5, 1 bedroom, 1 bathroom + Study Nook (52 + 9 sqm)

PROPERTY PURCHASE INFORMATION TAX ASSESSMENT INFORMATION

ANNUAL HOLDING COSTS


Cash Flow Analysis - 2 Bedrooms, 1 Bathroom

Total Property Price 490,000$ Gross Annual Personal Income 100,000$ Land Price (if applicable) NA Property Depreciation Estimate 13,823$ Mortgage Loan to Value Ratio (LVR) 80%Mortgage Interest Rate (I/O) 5.00%Borrowing Costs 1,500$ Total Annual Holding Costs 28,313$ Conveyancing Professional Fees (normally $1,500) FREE plus Property Depreciation Estimate 13,823$ Transfer/Stamp Duty on Property 15,575$ plus Allowable Borrowing Costs 300$ Other Government Fees 1,280$ Total Annual Tax Decuctions 42,436$ Council Rates, Water & Sewerage 2,500$ Body Corporate Fees 3,666$ Gross Annual Rental Income 29,900$ Weekly Rent (as per furnished rent appraisal) 575$ plus Gross Annual Personal Income 100,000$ Property Management Fees 7.5% Total Gross Annual Income 129,900$ Landlord & Contents Insurance (if applicable) 305$ Furniture Pack (normally $14,500 OR Free Stamp Duty) FREE Total Gross Annual Income 129,900$




Total Annual Income (post-tax) 34,538$




TAX CALCULATIONS



Total Annual Holding Costs 28,313$







Cash Flow Analysis - 2 Bedrooms, 2 Bathrooms

Total Property Price 525,000$ Gross Annual Personal Income 100,000$ Land Price (if applicable) NA Property Depreciation Estimate 15,208$ Mortgage Loan to Value Ratio (LVR) 80%Mortgage Interest Rate (I/O) 5.00%Borrowing Costs 1,500$ Total Annual Holding Costs 29,901$ Conveyancing Professional Fees (normally $1,500) FREE plus Property Depreciation Estimate 15,208$ Transfer/Stamp Duty on Property 16,800$ plus Allowable Borrowing Costs 300$ Other Government Fees 1,404$ Total Annual Tax Decuctions 45,409$ Council Rates, Water & Sewerage 2,500$ Body Corporate Fees 3,522$ Gross Annual Rental Income 34,320$ Weekly Rent (as per furnished rent appraisal) 660$ plus Gross Annual Personal Income 100,000$ Property Management Fees 7.5% Total Gross Annual Income 134,320$ Landlord & Contents Insurance (if applicable) 305$ Furniture Pack (normally $14,500 OR Free Stamp Duty) FREE Total Gross Annual Income 134,320$









TAX CALCULATIONS



Total Annual Holding Costs 29,901$ Total Annual Income (post-tax) 38,423$





Principally, the suburb of Kelvin Grove is populated by young people with over 41% of the population aged between 20 and 34. House prices in Kelvin Grove have been consistently above the Brisbane average. In February 2014, the average price for the area was $617,000, compared to an average Brisbane wide price of $497,500 in the same period. Price growth has also outstripped Brisbane’s by a factor of between $50,000-80,000 over the last three years to 2014.

You also have a vast pool of quality tenants available - with 60.29% of the Kelvin Grove population renting (almost twice the Brisbane average), and demographic data showing there are 252,000 peo-ple employed across more than 30,000 businesses within a ten minute drive of Zest!

Current Rent Appraisals

CAPITAL GROWTH & RENTAL RETURN PROSPECTS

FAST FACTS

Over the past ten years, the median apartment price within Kelvin Grove has grown at an impres-sive average annual rate of 4.3% to reach $525,000 in 2013.

Over both the long (10 years) and medium (5 years) term timeframes, median price growth throughout Kelvin Grove has outperformed rates recorded across the Bris-bane City Council Local Govern-ment Area.

According to the 2011 Cen-sus, rents achieved within Kelvin Grove were at a 19% premium to the State and a 23% premium to the nation’s weekly median rent.

Over the past four years, me-dian weekly rents of one bed-room apartments have grown by an average annual rate of 7%. This rate of growth has significantly outperformed that of Brisbane’s inner city and inner north at 2.7% and 4.8% respectively.

*Rental apraisals provided by Resoulution Research Strategists on 29th May 2014


Hindmarsh Construction is one of the nation’s leading builders, with a proven track record of delivering outstanding designs to the highest standards of quality and workman-ship. Recent projects have included outstanding Canberra apartment projects such as Altitude and Sorell, Adelaide’s world-class, LEED-rated South Australian Health and Medi-cal Research Centre (SAHMRI) and the Australian National University’s Science and Engineering project, the first Six Star Green Star by De-sign and Six Star Green Star As Built University building in the ACT.

Nettletontribe is a national firm of architects with over 40 years experience in the design and plan-ning of beautiful, functional and innovative places for people. The practice has been recognised for excellence with numerous awards from leading industry associations including the Australian Institute of Architects, Property Council of Australia, Urban Development Institute of Australia and Urban Taskforce of Australia.

Hindmarsh Development — with a Nationwide record for excel-lence Hindmarsh Development is committed to ensuring every one of their projects meets the highest benchmarks for quality. By close-ly managing every aspect of the project, from planning and design through to the final details of in-terior finishes and property man-agement, Hindmarsh delivers on intent—on time, and within budget.

Schedule of Body Corporate Fees & Tax Depreciation Estimates

BMT Tax Depreciation, as a specialist Quan-tity Surveying firm, maximise depreciation deductions for property investors Australia wide. We are the experts in depreciation schedules for investment properties.

TAX DEPRECIATION for the first year up to approx. $15,208

Strata Dynamics manages bodies corporate and community titled communities. Their cli-ents are a range of small and large complex-es from the very small duplexes in the sub-urbs to large high rises in the CBD. Most are residential, some are commercially used and others are a mix of different uses. No building is too small or too large for us – we have ex-tensive experience in all types.

Total Annual Levies started from $2,860.72

Completed report available on our website: www.probityinvestments.com

Overview of Developer & Builder

http://www.probityinvestments.com/investment-properties/zest-kelvin-grove-2/


Schedule of Body Corporate Fees & Tax Depreciation Estimates Purchase Process

Step 1: Email or fax your completed Expression of Interest (EOI) form and Payment Confirma-tion of the $1,000 Initial Deposit to Probity Investments

Payment of your Initial Deposit can be made by Credit Card or by Electronic Funds Transfer (EFT) to the Trust Account details shown below in Step 4.This will secure your chosen property and take it off the market whilst your contract documents are prepared and delivered to you for signing.

Note: your initial deposit will be refunded to you if requested at any time before your Contract of Sale are fully executed by all parties

Step 2: Complete and return the Contract of Sale documents to our office within 7 days of receiving them

Step 3: Upon receiving your signed Contract of Sale documents, the Property Developer will counter-sign and enter the official Contract Date.

Step 4: The full deposit, being 10% of the purchase price less the Initial Deposit, must be paid within 14 days from the Contract Date. Payment options are as follows:

a) Cash Payment by EFT to the following Trust Account

Bank Name: Westpac Banking Corporation (Swift Code: WPAC AU2S)Account Name: Thomson Lawyers Trust AccountAccount No.: 971359BSB: 034002Reference: Your Surname, Lot Number & “Zest”

(so funds can be identified)

OR

b) Bank GuaranteeEmail your lender’s formal approval to Probity Investments

Step 5: Settlement, payment of the balance of the purchase price, is due 14 days from TitleRegistration.

Construction completion is due approximately mid-2016, and Title Registration will be notified to you via your nominated solicitor close to that time.

Contact your Probity Investment Advisor on 07 3198 6200to discuss your investment decision in more detail.

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Our Recommendations

It’s no secret that the property market in South East Queensland, and especially key areas of Brisbane, has captured the attention of property investors all over Australia and internationally. Economists have forecast Brisbane’s economic growth to outstrip population growth, with a $215B economy creating 1.5M jobs by 2031.

However, Zest Apartments in Kelvin Grove’s Urban Village is perfectly positioned to take full ad-vantage of the high demand for accommodation due to its proximity to the QUT campus of over 10,000 students and 2,000 employees, and the Royal Brisbane Hospital complex with over 7,200 staff forming part of a strong local employment node of 31,000 local businesses & a total workforce of over 250,000 people employed within a 10 minute drive of Zest Apartments. Most who work in health & education are young professionals, and Zest Apartments has been designed specifically for this market.

Our comprehensive Cash Flow Analysis, supported by independent rent appraisals and deprecia-tion estimates, further supports our recommendation with a strong return on investment (ROI) with potential Rent Yields of up to 7.2% and Capital Growth of over 8.8%.

The Victoria Park Golf Course located right next door to Zest Apartments makes it even more attrac-tive to the rental market, not to mention the Brisbane CBD is an easy 15 minute walk down the road.

There is so much information and statistical analysis supporting our recommendation, so I encour-age you to cross check our research as part of your own due diligence. Don’t take too long making your decision as this is the last residential development space in Kelvin Grove’s Urban Village and they will sell fast.

Have a great day,

Jeremy FosterManaging Director & LicenseeProbity Investments Pty Ltd

www.probityinvestments.com

brisbane, kelvin grove newly apartments

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age annual growth rate

probity investments

national rate growth

migration ratequeensland

main driver of growth

net overseas migration