freshwater estate at griffin queensland

Freshwater EstateGriffin, QLD

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CONTENTS1. Executive Summary 032. About South East Queensland 043. About Griffin 064. Demographics and Socio-Economic Profile 085. Griffin Infrastructure 106. The Development 127. Sales History 168. Rental Returns 189. Media and Related Articles 19

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Executive Summary• The development comprises of lots ranging in size from 300m2 through to 350m2. Each

allotment is predominantly level in topography throughout.

• The dwellings will be characterised by modern designs featuring four bedrooms, two bathrooms, complete with a double lock up garage.

• Dwelling sizes will be approximately 160m2 – 170m2 gross floor area. All homes will be completed to a full turn key standard and inclusive of all ancillary improvements and landscaping.

• The anticipated house and land package prices will range from $420,000 to $430,000.

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About South East QueenslandSouth-East Queensland is the fastest growing and largest sector of QLD, currently representing more than two thirds of the states rapidly growing population which has consistently risen circa 694,000 persons from between the years of 2001 to 2011 where it reached a total population of 3.18 million.

Between 2012 and 2026 Queensland is projected to continue the fastest household growth in Australia, at around 2.5% per annum. Short to medium term forecasts show that over the next 5 year period, the State will continue to grow by approximately 80,000 per annum (abs.gov.au).

Queensland has the largest population growth in absolute terms of all Australian states, and is home to 4.6 million or approximately 18.5% of Australia’s 22.9 million people. In the latest census period 2006 to 2011, Queensland’s population grew by 11% - 391,741 people. In recent years Queensland has accounted for 36% of Australia’s population growth (ABS Census, 2011).

Long term, the population of South East Queensland is expected to grow by 1.8 million people by 2031 and will continue to outpace the rest of the nation as people are attracted by the ever expanding economic opportunities combined with the highly desirable lifestyle amenities that the region has to offer.

The Queensland Government has introduced a future infrastructure program at an estimated cost in excess of $130 billion in order to accommodate the construction of an additional 754,000 dwellings required by 2031.

South-East Queensland consistently maintains a strong rental market, with rental prices remaining at a high of 4.1% during 2014 and are forecast to grow with the influx of population to the region.

Existing world class infrastructure for the SEQ region includes The Port of Brisbane, Brisbane Domestic and International Airports and fast transport corridors just to name a few.

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The Queensland Government has introduced a future infrastructure program at a cost of over $130 billion to accommodate the construction of an additional 754,000 dwellings required by 2031.

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About GriffinThe locality of Griffin in Queensland’s South-East region falls within the Moreton Bay Regional Council. It is close to the beautiful beaches of Redcliffe and the Sunshine Coast, and forms part of what is referred to as “The Northern Growth Corridor”. This strategic area is earmarked for housing a significant portion of Queensland’s future population growth.

Griffin is well serviced by the Gateway Motorway and is conveniently situated 26km from Brisbane CBD and just 55km from the Sunshine Coast. The Griffin Freshwater Estate is also close to a number of both public and private schools.

The current development pipeline along with the newly established infrastructure for the immediate area is simply staggering. The key highlights include:

• Moreton Bay Rail Link ($1.15B) The Moreton Bay Rail Link Project will deliver a 12.6 km dual-track rail line between Petrie and Kippa-Ring, with 6 new rail stations at Kallangur, Murrumba Downs, Mango Hill, Mango Hill East, Rothwell and Kippa-Ring. Work is expected to be complete in 2016. The rail link will provide Griffin with two rail stations within 4km of the estate.

• Westfield North Lakes – Stage Three ($230M) The North Lakes Town Centre and Business Park is already home to a Bunnings, the Westfield North Lakes with Myer and more than 200 specialty stores. A massive $1.3 billion worth of retail, commercial and residential investment is planned for North Lakes over the next decade, including an Ikea retailer. Meanwhile, it is projected that on completion of North Lakes, the community will have 13,000 workers. Work is expected to begin in 2015.

• American giant superstore, known as Costco, opened in 2014 in the suburb of North Lakes (4km from Griffin). This is the first Costco store to open in Queensland.

Griffin and the northern growth corridor also plays host to an abundance of lifestyle and recreation amenities including an 18 hole Champion Golf Course and an abundance of parklands, bike trails and nature reserves.

Other major infrastructure and amenities located within close proximity to Griffin include:

• The Brisbane Domestic and International airports, which are located within 25 kilometres of Griffin.

• Brisbane’s number one entertainment arena, The Brisbane Entertainment Centre is within 14km of Griffin.

• Griffin is situated in a prime position with Redcliffe and Scarborough beaches only 20 minutes away. Scarborough was once voted Australia’s friendliest beach, whilst Redcliff was Queensland’s first settlement. Only 45 minutes from Griffin is Queensland’s world renowned Sunshine Coast, which is home to Steve Irwin’s Australia Zoo, Glasshouse Mountains National Parks and the likes of Noosa and Mooloolaba beaches.

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Demographics andSocio-Economic Profile

Total Population

12,662

Renters OwnerOccupiers

37.5% Rent62.5% Owner

Average PersonsPer Household

2.8

Median HouseholdIncome

$1,848per week

Median Age

33 years old

Family Household

52%

*Griffin is classified under SA2 and is combined with neighbouring suburb, Murrumba Downs when statistically reported on.

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Between 2006 and 2012, the Dakabin catchment (made up of the suburbs of Dakabin, Kallangur, Murrumba Downs, Griffin, North Lakes and Mango Hill) recorded an average annual population growth of 3,139 residents per annum.

* Source: ABS Census Data 2011, OESR 2013

The Moreton Bay Local Government Area is one of the fastest growing urban areas in Australia*Source: ABS Census Data 2011, OESR 2013

The new infrastructure, as well as the Dakabin catchments accessible location within proximity to large employment nodes, is expected to contribute to sustained long term population growth. Based on the Office of Economic and Statistical Research (OESR) 2013 population projections, the Dakabin catchment is anticipated to increase by an average 2,402 new residents per annum to register a resident population of 103,507 by 2031.

* Source: ABS Census Data 2011, OESR 2013

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Infrastructure

Education• Living Faith Lutheran Primary School – 2km• Good Start Early Learning – 2.4km• Undurba State Pre & Primary School – 2.7km • North Lakes State College – 4.4km• The Lakes College – 5.2km

Medical• North Lakes Doctors – 3.1km • Lakesland Medical Centre – 3.7km • Pine Rivers Hospital – 12km• Redcliffe Hospital – 12.9km

Recreation • In Balance Health & Fitness Centre – 3.9km • North Lakes Resorts Golf Club – 7km• Redcliffe Hoyts Cinema – 12km• Brisbane Entertainment Centre – 14km • 4km of walking and bike tracks – within

walking distance • Community parks and playgrounds –

within walking distance

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Transport• M1 Motorway – 3.5kms• Murrumba Downs Railway Station

(under construction) – 4.0km • Mango Hill Railway station (under

construction) – 4.5km• Bus – runs past the estate

Retail• Westfield North Lakes – 3.5km• Murrumba Downs Coles Complex – 3.7km• Kallangur Fair Shopping Centre – 4.2km• Costco – 4km • Westfield Chermside – 16km

The North Lakes Town Centre and Business Park is already home to Australia’s largest Bunnings, the Westfield North Lakes with Myer and more than 200 specialty stores.

A massive $1.3 billion worth of retail, commercial and residential investment is planned for North Lakes over the next decade. Meanwhile, it is projected that on completion of North Lakes, the community will have 13,000 workers.

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The DevelopmentThe subject site is a residential land development located within the South-East Queensland suburb of Griffin, conveniently situated approximately 26 kilometres North of Brisbane and 55 kilometres South of the Sunshine Coast.

Specific allotment sizes range from 300m2 through to 350m2, all with ample street frontages each allotment is predominantly level in topography and benched and retained where necessary providing an ideal building platform.

Larger green eco areas punctuate the smart streetscapes with family parks, stocked with state-of the art play equipment, BBQ stations and shade areas.

All streets of the subject site are well surfaced and provide adequate drainage and concrete guttering as well as street lighting. Each allotment includes the requisite town and reticulated water, sewerage, electricity and telecommunications services.

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The HomesThe dwellings will be characterized by modern designs featuring four bedrooms, two bathrooms, double lock up garage and an emphasis on living areas thus suiting the local market demand.

Each of the subject dwellings will be of a modern, good quality finish throughout with construction comprising of a concrete slab floor, timber framing, brick external cladding and a mixture of metal or concrete tile roofing.

Dwelling sizes will be approximately 160m2 – 170m2 gross floor area.

Each home will be of turnkey completion and will include ancillary improvements, including driveway, paving, fencing and landscaping.

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Sales HistoryComparable SalesWe have undertaken research of recent and historical sales of similar properties within close proximity to the development. Details of recent comparable sales are as follows:

7 Wedge Tail Court, Griffin QLD

Area: 350 m2

Price: $425,000Sale Date: January 2015Features: 4 Bed, 2 Bath, DLUG

6 Elderflower Circuit, Griffin QLD

Area: 400 m2


35 Tarragon Parade, Griffin QLD

Area: 450 m2


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45 Nicklaus Parade, North Lakes QLD

Area: 808 m2

Price: $1,200,000Sale Date: April 2014Features: 5 Bed, 3 Bath, 3 LUG

16 Holly Crescent, Griffin QLD

Area: 705 m2

Price: $760,000Sale Date: August 2014Features: Vacant Block

1030 Dohls Rocks Road, Griffin QLD

Area: 597 m2

Price: $710,000Sale Date: February 2014Features: 4 Bed, 1 Bath, 2 LUG

59 Grandview Terrace, Griffin QLD

Area: 675 m2

Price: $550,000Sale Date: February 2015Features: 5 Bed, 2 Bath, 3 LUG

Sales HistoryEstablished Capital Benchmarks

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Rental Returns

$420 p/w Estimate from local real estate agents X 52 Weeks

= $21,480 Annual Rent

$21,480 Annual Rent / $425,000 Average Purchase Price

= 5.05% Annual Rent Return

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Media and Related ArticlesNorth Lakes records its first million-dollar home sale, breaking records for the areaApril 2014

A home in Nicklaus Parade sold for over the million dollar mark last week, smashing the previous record of $892,500 for the north Brisbane suburb. Selling agent Chris Bowmaker of Bowmaker Realty said the deal was a significant milestone for the area. “This sets the benchmark now. A sale like this was unheard of before,” he said.

Mr Bowmaker said the sale would be a boon for homeowners and sellers in the region. “Before $700,000 — $800,000 was high. That’s going to be middle of the road,” he said.

Seller Scott Peatey designed and built the home in 2009.The five bedroom, three bathroom home has golf course views, a swimming pool, built-in wet outdoor kitchen and theatre room.

Mr Bowmaker said buyers that had purchased and built homes in North Lakes in 2008-09 on the faith that the area would become highly sought after were seeing their faith rewarded. Investment in North Lakes has boomed in recent years, with the $1 billion Moreton Bay Rail Link under construction and Queensland’s first Costco preparing to open it’s doors.

He said investment in infrastructure, a rise in business confidence in the area along with the limited opportunities to build new homes in the area were driving the market to new highs.

The first house in North Lakes to sell for over $1 million. Agent Chris Bowmaker and seller Scott Peatey at the Nicklaus Parade property. Pic Chris Higgins Source: News Limited

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Work Begins on Multi-Million Dollar Retail ComplexDecember 16, 2014

Construction has begun on an exciting new multi-million dollar large format retail complex at Stockland’s thriving North Lakes Town Centre with the first sod officially turned yesterday. (Monday, December 15).

Leading national property investor Primewest is developing the $75 million complex on three adjoining sites at North Lakes Drive. Primewest paid $19.5 million for the almost 65,000 square metre ‘super site’ located on the retail ‘high street’ of the town centre adjacent to Westfield North Lakes and Masters Home Improvement.

The acquisition is the largest single commercial land sale at North Lakes. When completed, the complex will add more than 28,000 square metres of large format retail to the town centre’s existing retail offering.

The first stage of the complex, which is expected to be completed mid-2015, will have nine retail tenancies over a total lettable area of 10,339 square metres. Major tenants already committed to stage one include The Good Guys, Pillow Talk, Baby Bunting, Pet Stock and Godfreys. Meanwhile, fabric, craft and homewares store, Spotlight and outdoor adventure and sporting retailer, Anaconda are confirmed tenants for stage two.

Stockland Regional Manager, David Laner, said the launch of construction of the first stage was exciting news for the award-winning masterplanned community.

“This is a significant milestone for North Lakes. This project will add further depth to the household names already located at our town centre and business park and it will bring even more shoppers to our doorstep,’’ said Mr Laner.

“This development is set to take retail shopping to another level and will continue to stamp North Lakes as the commercial hub of the Moreton Bay region.

“The flow on from this project is that it will also generate new employment opportunities during construction and on completion of the complex which will further stimulate the local economy.” It is predicted that once operational, stage one of the project will create about 190 jobs at North Lakes.

Primewest Director, David Schwartz, said North Lakes was the ideal location for the company’s architecturally designed large format retail complex.

“North Lakes is a well-established masterplanned community which boasts many big household names at its town centre and business park. The super site we have purchased is perfect for the large format retail development,’’ said Mr Schwartz.

Mr Schwartz said Primewest had appointed De Luca Corporation to build the first stage of the complex which is due to be completed by July 2015. “We anticipate delivering the second and third and final stage of the development in 2016,’’ he said.

The North Lakes Town Centre and Business Park is already home to Australia’s largest Bunnings, the Westfield North Lakes with Myer and more than 200 specialty stores, Queensland’s first Costco and hundreds of other local businesses.

A massive $1.3 billion worth of retail, commercial and residential investment is planned for North Lakes over the next decade. Meanwhile, it is projected that on completion of North Lakes, the community will have 13,000 workers.

Primewest already owns more than $400 million in large format retail assets as part of its $2 billion national portfolio and had been actively investing in the sector for more than 15 years.

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Employment – Dakabin CatchmentJanuary 12, 2015

Strong employment growth is projected for the Dakabin catchment. As one of the fastest growing urban centres in Queensland, the Dakabin catchment will increase to 84,183 workers by 2031, averaging an increase of 3.1 per cent, or 1,923 new jobs per annum.

The Dakabin catchment shows a clear concentration of residents working in the Health Care & Social Assistance (13%), attributed to the concentration of hospitals and associated health facilities in the region.

A large proportion of residents are also employed within the Retail Trade industries (12.4%) largely due to the concentration of local shopping and retail amenity, particularly within proximity to the Westfield North Lakes precinct.

The manufacturing industry also recorded 10.4 per cent for the Dakabin Catchment providing the third highest industry for employment with a number of industrial parks positioned within proximity to highway and rail links.

When compared to the Moreton Bay LGA benchmark, the Dakabin catchment provides specialised employment opportunity for residents employed by Retail Trade and Transport, Postal and Warehousing industries which take advantage of the large scale retail highlighted by Westfield Shopping Centre North Lakes paired with the catchments immediate proximity to the arterial road network.

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Why Brisbane Is Named the Next Big Property Market February 17, 2015

The Australian property industry has lately been paying unusual attention to Queensland. Brisbane in particular, is finding itself at the centre of heightened interest from property buy-ers in part because investors from Sydney and Melbourne see more affordable value, and it is expected to be Australia’s most vibrant real estate market in 2015.

For example, Queensland is set to replace Victoria as the state with the highest property capital gains in Australia, according to the latest Residential Property Survey by the Na-tional Australia Bank. And the state is expected to stay on top of the pile for at least the next two years. Not surprisingly, industry analysts are touting Queensland’s real estate crown jewel, Brisbane, as the place that will lead the boom.

Nine Brisbane areas, in particular, stand out: Chermside, Nundah, Nerang, Helensvale, Logan, Coorparoo, Kelvin Grove, Redcliffe and Ipswich. Together, these are expected to be among the best real estate in-vestment hubs of 2015. But what, exactly, is the big deal about Brisbane?

Brisbane Real Estate Market Boom The main reason behind the super projections for the Brisbane property market is the usual suspect: economic growth coupled with big infrastructure projects.

According to Deloitte Access Economics projections, for instance, Queensland is set to hit a 5% growth rate in 2015, becoming the fastest growing state in Australia. Three factors are causing all this excitement. First is that contracted gas exports will begin flowing from Gladstone later this year, balancing out the effect of falling coal prices.

At the same time, tourism is picking up nicely, thanks in part to a lower Australian dollar. Best of all for real estate investors, low interest rates. But, this being the property business, it is not enough to know which state or city is shaping up to be the next big thing. You need to know where, exactly, the party is going to go down. In other words, what locations in Brisbane are likely to perform and why?

Six Strong Real Estate Locations in Brisbane

The most attractive properties in Brisbane – those most likely to give highest return on investment – are those with the best balance of the usual real estate factors. That includes location advantages, infrastructure, amenities, employment hubs and property availability. Here’s our list of 6 great picks:

1. Chermside/Nundah: These two areas are located about 12.5kms from Brisbane. The northern suburbs are attractive real estate locations because of their mix of affordable properties, a concentration of middle class customers and good transport links. Chermside and Nundah also benefit from proximity to the Brisbane Airport and Port of Brisbane.

2. Ipswich: Located 39kms South-West of Brisbane, Ipswich was already a promising property investment market before the rest of Australia caught on. The area has a strong economy, several employment hubs and a good supply of affordable properties. But Ipswich is now set to join the big league of property development because of the big projects coming up in the area. The big ones: the $12 billion Springfield project, the $2.8 billion Ipswich motorway upgrade, and the $1.5 billion Springfield rail link. Even the local RAAF base is set for expansion. Remember though, Ipswich is earlier in its development cycle that some of the other areas mentioned here.

3. Logan: Logan City, which lies midway between Brisbane and the Gold Coast, has been popular with those seeking yield, offering an average of 5-6% per year – and affordable property prices. While there are no major projects coming up in the area, the combination of easy proximity to Brisbane and the Gold Coast and the high yields are likely to continue to attract owner-occupiers and investors.

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4. Kelvin Grove: Proximity and tenant demand are the selling points of Kelvin Grove. It is just 3Kms North-East of of Brisbane, in easy proximity to Queensland University of Technology and Royal Brisbane Hospital. But it is set to benefit significantly from the construction of $1.5 billion Legacy Way tunnel, the Inner Northern Busway and the Inner City Bypass. One of the stops on this route is to be constructed in Kelvin Grove.

5. Redcliffe: The Redcliffe Peninsula is about 28kms North-East of Brisbane, in an area of historically slow property development because of a weak transport link to Brisbane. Still, property values in Redcliffe have been on the upswing over the last few years as investors anticipate the approval of the promised electric rail link to Brisbane. A little more blue sky than the other areas, however, large returns could be made here.

6. Helensvale: Located about 63kms South-East of Brisbane, Helensvale is ideally located between two strong growth areas – Logan City and Gold Coast City – and close to other stable, family-friendly suburbs, Nerang and Coomera. This strategic location is now set to get a boost with the linking of the Helensvale Railway Station with the two most important transport routes on the Gold Coast, the Gold Coast Highway and the Pacific Motorway.

There are, of course, other suburbs and outskirts of Brisbane that are likely to ride the crest of the expected real estate boom. These are further out and for those comfortable with a location further from a capital city. Which means that, as always, investors will still have to invest in detailed research on specific locations before sinking money into Brisbane.

Consult a search specialist or a property mentor to save you time and get you invested ahead of your competition.

The overall picture is however clear: watch out for Brisbane in 2015.

PO Box 2256 Nerang, MDC Queensland 4211

freshwater estate at griffin queensland

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