Ancass Investment Brochure

I N V E S T M E N T I N F O R M A T I O N

C A N N O N H I L L

P R O J E C T S U M M A R Y

* S O U R C E : U R B I S 2 0 1 5

PROJECT ADDRESS

- 22-34 Andrews Street, Cannon Hill

PROJECT DESCRIPTION

- 60 Apartments

- 11 x 3 bedroom, 2 cars

- 49 x 2 bedroom, 1 car

PROJECT HIGHLIGHTS

- Majority of north facing units

- Level 1 units with large terraces and direct street access

- Full designer kitchens with islands and breakfast bars

- Ample bike storage

- Secure car basement

LOCATION HIGHLIGHTS

- Walking distance to lifestyle, local shops and banks including, Coles, Woolworths, Kmart, Aldi and Bunnings

- 9km to Brisbane CBD

- Less than 30m walk to Cannon Hill train station

- Less than 100m walk to 4.1 hectare Bill Cash Memorial Park and sporting grounds

- Less than 10 minute walk to the $600M East Village precinct by the creators of Emporium

- Excellent education offerings with 8 public and private schools in the direct area

- 5 minute dive to major employment hub, Southgate (2,000 jobs), Port of Brisbane and Trade Coast (60,000 jobs growing to 110,000 by 2031*)

- Direct access to Gateway Motorway with connections to Brisbane Airport (6km) and the Gold & Sunshine Coasts

RENTAL ESTIMATES

- 2 bedrooms $440 - $460 per week

- 3 bedrooms $540 - $560 per week

C A N N O N H I L L

5

Cannon Hill accommodates all three of the Urbis economics and research fundamentals that make a sustainable suburb – Population, Infrastructure and Employment.

1 POP 2 INF 3 EMP

A CONTEXT ON BUSINESS, CULTURE, LIFESTYLE AND RESIDENTIAL

MAY 2015

LOCATIONEasy commute to major employment nodes / Pg 2

DEMOGRAPHICHigh percentage of young professionals and growing families taking advantage of employment and lifestyle opportunities in Cannon Hill / Pg 3

EMPLOYMENTProjected job growth of 83.3 per cent at nearby Australia Trade Coast / Pg 3

DWELLING STRUCTURE72 per cent of Cannon Hill Catchment is housing, creating demand for new apartment living by the increasing Generation Y demographic / Pg 4

RESIDENTIALCannon Hill Catchment median unit price recording a premium of $35,000 over Brisbane LGA / Pg 4

RENTALNew and near-new apartments are achieving strong rental premiums over existing stock / Pg 4

E

F

G

C

B

A

EASY CONNECTIVITY TO BRISBANE CBD AND BEYOND

CLOSE PROXIMITY TO MAJOR EMPLOYMENT NODES

LARGE PROPORTION OF GEN Y LIVING IN CANNON HILL

An evolving but established Inner East suburb of Brisbane, Cannon Hill offers lifestyle, a wealth of retail, education and recreation amenity as well as proximity to strong transport infrastructure and employment nodes.

CANNON HILL TRAIN STATION

SOUTHGATE CORPORATE PARK

GEN Y

OUTLOOK CANNON HILL

A N C A S S A

6

Entertainment, Shopping & Dining1 Morningside Shopping Centre2 The Colmslie Hotel3 Colmslie Plaza - Coles Supermarket4 Homemaker City Cannon Hill5 Cannon Hill Kmart Plaza 6 Cannon Central Shopping Centre7 Westfield Carindale Shopping Centre

Education8 Cannon Hill Anglican College9 Anglican Church Grammar School (Churchie)10 Cannon Hill State Primary School11 St Oliver Plunkett Catholic Primary School

Infrastructure 12 Southgate Corporate Park13 Cannon Hill Train Station14 Gateway Motorway15 Belmont Private Hospital

Recreation & Green Space16 Bill Cash Memorial Park17 Regents Park18 Balmoral Park19 Morningside Tennis Centre

Bus Station

Train StationCannon Hills’ strong

connectivity to major employment nodes as well as leisure, recreation and retail facilities has led to a changing demographic.

A younger demographic is emerging across the Cannon Hill Catchment as jobs and lifestyle increase the desirability of the area. Ease of access to major arterial roads and rail network along with prominent educational institutions and numerous parkland areas bode well for future development in Cannon Hill.

Key Legend

BRISBANE CBD9.5KMS

CANNON CENTRAL

WOOLWORTHS

32 SPECIALTY STORES

6 2MINS

CANNON HILL KMART PLAZA

KMART

COLES

45 SPECIALTY STORES

5 2MINSHOMEMAKER CITY

ALDI

BUNNINGS WAREHOUSE

8 SPECIALTY STORES

4 2MINS

CLEVELAND LINE TO BRISBANE CBD

WY

NN

UM

RO

AD

10

2

11

17

16

18

10 MINS9

COLES

WOOLWORTHS

3

1

WALKABILITY & ACCESSIBILITY Cannon Hill

2 URBIS CANON HILL OUTLOOK© URBIS.COM.AU

C A N N O N H I L L

7

13

19

2 MINS12 13 MINS7 13 MINS15

5 MINS 14

4 MINS 8

© URBIS.COM.AUURBIS CANON HILL OUTLOOK 3

MAJOR INFRASTRUCTURE

Cannon Hill is well-located for residents to take advantage of strong employment nodes within easy commute. Brisbane CBD is projected to record job growth of more than 101,000 while Australia Trade Coast will create 50,000 new jobs through to 2031. The immediate catchment of Cannon Hill, Camp Hill, Carina, Morningside and Murarrie is projected to increase by almost 5,000 jobs over the same period.

AUSTRALIA TRADE COAST $6 billion

GATEWAY MOTORWAY UPGRADE $2.12 billion

EAST VILLAGE MASTER PLANNED URBAN VILLAGE $600 million

SOUTHGATE CORPORATE PARK $90 million

TRICARE INTERGRATED AGED CARE FACILITY $65 million

CANNON HILLS COMMUNITY LINKS GOLF COURSE $40 million

BELMONT PRIVATE HOSPITAL EXTENSION $4 million

CARINA LEAGUES CLUB ALTERATIONS $4 million

The Cannon Hill catchment has a higher proportion of Generation Y (aged 20 to 34 years) than the wider Brisbane LGA. Generation Y have a preference for residing in areas that offer a work / life balance. They make up 28.5 per cent of the catchment, compared to the wider Brisbane LGA which has 27 per cent. Generation X (aged 35 to 44 years) are also in higher proportion within the Cannon Hill Catchment, making up 17.3 per cent.

EMPLOYMENT

DEMOGRAPHICS

Prepared by Urbis, Source: ABS

Prepared by Urbis, Source: NEIER

CANNON HILL CATCHMENT

83.3% FORECAST GROWTH IN JOBS FOR NEARBY

AUSTRALIA TRADE COAST

JOBS GROWTH

28.5%

GEN XGEN Y

17.3%

50.6% FORECAST GROWTH IN JOBS FOR NEARBY

BRISBANE INNER CITY

19% FORECAST GROWTH IN JOBS FOR

CANNON HILL CATCHMENT

Prepared by Urbis, Source: Cordells

A N C A S S A

8

CANNON HILL CATCHMENT UNITSDuring the March 2014 quarter, the Cannon Hill Catchment median unit price reached a peak of $488,750 and also recorded a peak selling period for the year, with 84 unit transactions occurring. While sales volumes have been stable, the median price of units has been somewhat volatile with several small peaks and troughs as the graph on the right illustrates. The December quarter 2014 ended with a median unit price of $455,000 which is well above the Brisbane LGA median unit figure of $420,000.

After a significant spike in unit sales towards the end of 2009, when The Barracks at Murarrie was completed, the Cannon Hill Catchment has stabilised. From the beginning of 2012 to the end of 2014, there has been an average of 78 unit sales per quarter, well above the average recorded two years earlier of 46 sales per quarter.

Long-term capital growth for units across the Cannon Hill Catchment is solid, recording a figure of 5.9 per cent per annum over ten years. Future rejuvenation in the form of new residential development in the area is expected to lift residential demand.

CANNON HILL CATCHMENT RENTAL MARKETDwelling structure in the Cannon Hill Catchment is dominated by separate houses with 72 per cent of the area at the 2011 Census consisting of houses. The suburb of Cannon Hill alone has an even higher percentage of housing, at 88.6 per cent. The high level of housing is creating demand for new apartments fuelled by the increasing numbers of Generation Y who traditionally prefer low maintenance living in close proximity to transport connections and lifestyle amenity.

New and near-new units currently being advertised for rent in the Cannon Hill Catchment are attracting significantly higher median weekly rents when compared to established units in the area. New and near-new three-bedroom units are attracting a median weekly rent of $550, which is $90 higher than existing three-bedroom units. New and near-new two-bedroom units are achieving a median weekly rent of $450 and one-bedroom units are achieving a median weekly rent of $360 which equates to a premium of $70 and $60 per week respectively.

Further highlighting the strength of the unit rental market in the Cannon Hill Catchment is the strong long-term growth rates achieved on one, two and three-bedroom units. Over the past ten years the Residential Tenancy Authority (RTA) has recorded median weekly rental growth per annum for one, two and three-bedroom units at 7.9 per cent, 5.6 per cent and 5.5 per cent respectively.

This publication is prepared on the instruction of Azure and is not suitable for use other than by the party to whom it is addressed. As the publication involves projections and assumptions it can be affected by a number of unforeseen variables. The forecasts and assumptions are a prediction and whilst Urbis has made every effort to ensure that the forecasts and assumptions are based on reasonable information, they may be affected by assumptions that do not necessarily eventuate or by know or unknown risks and uncertainties. It should be noted that past performance is not necessarily a reliable indication of future performance. The information in the 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. Urbis accepts no responsibility for the accuracy or completeness of any such material. The information is subject to change without notice and Urbis is under no obligation to update the information or correct any assumptions which may change over time. This study has been prepared for the sole use of Azure and is not to be relied upon by any third party without specific approval from Urbis. This publication is subject to copyright. Except as permitted under the Copyright Act 1968, no part of it may, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) be reproduced, stored in a retrievals system or transmitted without prior written permission. Enquires should be addressed to the publishers. / BPE0891

TWO BED

THREE BED

EXISTING PRODUCT MEDIAN

WEEKLY RENT

EXISTING PRODUCT MEDIAN

WEEKLY RENT

NEW AND NEAR-NEW MEDIAN WEEKLY

RENTAL

CANNON HILL CATCHMENT BRISBANE LGA

NEW AND NEAR-NEW MEDIAN WEEKLY

RENTAL

$380

$460

$450

$550

MEDIAN UNIT PRICE PREMIUM

10-YEAR MEDIAN WEEKLY RENTAL GROWTH PA DEC-04 – DEC-14 Cannon Hill Postcode 4170

RENTAL PREMIUMNew And Near-New Units V Existing Product

5.6%

5.5%

TWO BED

THREE BED

MED

IAN

SA

LES

PRIC

E ($

)

NU

MBE

R O

F SA

LES

PERIOD (QUARTER)

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

0

20

40

60

80

100

120

140

160

Q1-

2004

Q

2-20

04

Q3-

2004

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4-20

04

Q1-

2005

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2-20

05

Q3-

2005

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4-20

05

Q1-

2006

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06

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06

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2007

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07

Q3-

2007

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4-20

07

Q1-

2008

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08

Q3-

2008

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4-20

08

Q1-

2009

Q

2-20

09

Q3-

2009

Q

4-20

09

Q1-

2010

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2-20

10

Q3-

2010

Q

4-20

10

Q1-

2011

Q

2-20

11

Q3-

2011

Q

4-20

11

Q1-

2012

Q

2-20

12

Q3-

2012

Q

4-20

12

Q1-

2013

Q

2-20

13

Q3-

2013

Q

4-20

13

Q1-

2014

Q

2-20

14

Q3-

2014

Q

4-20

14

CANNON HILL CATCHMENT NUMBER OF SALES CANNON HILL CATCHMENT MEDIAN SALE PRICE BRISBANE LGA MEDIAN SALE PRICE

$70PREMIUM

$90PREMIUM

$455,000 $420,000

URBIS CANNON HILL OUTLOOK © URBIS.COM.AU

RESIDENTIAL MARKET REVIEW

CANNON HILL CATCHMENT – 10-YEAR UNIT SALES CYCLE

Prepared by Urbis, Source: RP DataCatchment includes suburbs of Cannon Hill, Camp Hill, Carina, Morningside & Murarrie

Prepared by Urbis, Source: RP Data

Prepared by Urbis, Source: RTAPostcode 4170 includes suburbs of Cannon Hill, Morningside, Norman Park

Prepared by Urbis, Source: RTA & realestate.com.au

G e n e ra l E x t e r n a l a n d I n t e r n a l C o n s t r u c t i o n F i x t u re s a n d F i t t i n g s

¤ F l o o r : R e i n fo r c e d c o n c re t e s l ab

¤ E x t e r n a l wa l l s : C o n c re t e p a n e l a n d /o r

b l o c k wo r k / F C w i t h t ex t u re d f i n i s h ex t e r n a l l y

a n d C o l o r b o n d p a n e l s

¤ W a l l s b e t we e n u n i t s : F i re a n d s o u n d rat e d

wa l l s l i n e d b o t h s i d e s w i t h

p a i n t e d p l a s t e r b o a r d

¤ I n t e r n a l wa l l s : S t u d wa l l s l i n e d w i t h

p l a s t e r b o a r d a n d p a i n t f i n i s h

¤ R o o f : C o l o r b o n d m e t a l d e c k ro o f

w i t h i n s u l at i o n

¤ B a l c o ny d o o r s a n d w i n d ow s : Powd e r c o at e d

a l u m i n i u m f ra m e s w i t h g l a z i n g

¤ I n t e r n a l d o o r s : S at i n p a i n t e d f l u s h p a n e l d o o r s

¤ U n i t e n t r y d o o r : G l o s s p a i n t e d s o l i d c o re

f i re rat e d d o o r

¤ D o o r h a r d wa re – f ro n t d o o r : D e s i g n e r l eve r

h a n d l e l o c k s e t

¤ D o o r h a r d wa re – i n t e r n a l d o o r : C h ro m e l eve r s

w i t h p r i v a c y s e t t o b at h ro o m a n d e n s u i t e

¤ C ab i n e t h a r d wa re : C u s t o m d e s i g n e r s e r i e s

¤ L i g h t i n g : S e l e c t e d s u r fa c e a n d /o r re c e s s e d

m o u n t e d f i t t i n g s

¤ B a l u s t ra d e s : Powd e r c o at e d a l u m i n i u m f ra m e d

g l a s s a n d /o r t ex t u re c o at e d m a s o n r y

¤ S u n /p r i v a c y s c re e n s : Powd e r c o at e d o r c l e a r

a n o d i s e d a l u m i n i u m f ra m e d s c re e n s ( re fe r u n i t

p l a n s i f a p p l i c ab l e )

¤ B a l c o n i e s : C e ra m i c f l o o r t i l e s – S W A s h

( 3 0 0 x 6 0 0 m m ) t ex t u re p a i n t e d c o n c re t e s o ff i t

o r p a i n t e d l i n i n g

¤ D r i veway s a n d p at h s : S e l e c t fe at u re s a s p e r

l a n d s c a p e p l a n

¤ Fe n c i n g : A m i x t u re o f m e t a l , t i m b e r

a n d m a s o n r y

¤ H o t wat e r s e r v i c e : E l e c t r i c h o t wat e r u n i t ,

w i t h i n d i v i d u a l m e t e r i n g

¤ E x t e r n a l g l a s s : C l e a r w i t h re q u i re d

e n e r g y e ff i c i e n c y

¤ F l o o r c e i l i n g h e i g h t : G e n e ra l l y 2 5 5 0 m m

(exc l u d i n g b u l k h e a d s a n d we t a re a s ) o r a s

n o t e d i n p l a n

¤ V i s i t o r c a r p a r k i n g : O n - s i t e v i s i t o r c a r p a r k i n g

C a r Pa r k

¤ S e c u re d re s i d e n t p a r k i n g

¤ F l o o r : R e i n fo r c e d c o n c re t e . C a r p a r k s a re

n u m b e re d a n d l i n e s m a r ke d

¤ W a l l s : R e i n fo r c e d c o n c re t e p a n e l s / b l o c k wo r k

t o ex t e r n a l wa l l s o f l i f t a n d s t a i r s o n l y

¤ C e i l i n g : O ff - fo r m c o n c re t e s l ab s o ff i t s

A c c e s s a n d E g re s s S t a i r s

¤ F l o o r : C o n c re t e s t a i r s

¤ W a l l s : Fa c e b l o c k wo r k

¤ B a l u s t ra d e : Powd e r c o at e d a l u m i n i u m f ra m e d

a n d /o r g a l v a n i s e d s t e e l

¤ S t a i r s o ff i t s /c e i l i n g s : O ff - fo r m c o n c re t e

S e c u r i t y

¤ L i g h t i n g t o foye r s , c a r p a r k a re a s a n d g ro u n d s

¤ A u d i o i n t e r c o m s y s t e m t o a l l a p a r t m e n t s

F I N I S H E S + F I X T U R E S

A N C A S S A

10

E l e c t r i c a l

¤ Pay T V / b ro a d b a n d p o i n t s t o l i v i n g

¤ Te l e p h o n e p o i n t s t o b e d ro o m 1 a n d k i t c h e n

¤ 1 p h o n e l i n e t o e a c h a p a r t m e n t

A i r - C o n d i t i o n i n g

¤ S p l i t s y s t e m a i r - c o n d i t i o n i n g t o l i v i n g a n d

b e d ro o m 1 a n d 2 o r e q u i v a l e n t

C o m mu n i c at i o n s

¤ N B N t o e a c h u n i t

E n t r y, Lo u n g e , L i v i n g a n d D i n i n g

¤ F l o o r : Ta r ke t t t i m b e r f l o o r i n g

¤ W a l l s : W a s h ab l e l ow s h e e n a c r yl i c p a i n t

¤ C e i l i n g s a n d c o r n i c e : Pa i n t e d p l a s t e r i n g

l i n i n g . S e l e c t e d c o r n i c e o r t r i m t o c e i l i n g

¤ S k i r t i n g : Pa i n t g ra d e s p l aye d t i m b e r s k i r t i n g

¤ A r c h i t rave s : Pa i n t g ra d e s p l aye d

t i m b e r a r c h i t rave

B e d ro o m s a n d Ro b e s

¤ F l o o r : C a r p e t o n u n d e r l ay


¤ C e i l i n g s a n d c o r n i c e : Pa i n t e d p l a s t e r b o a r d

l i n i n g . S e l e c t e d c o r n i c e o r t r i m t o c e i l i n g

¤ S k i r t i n g : Pa i n t g ra d e s p l aye d t i m b e r s k i r t i n g

¤ A r c h i t rave s : Pa i n t g ra d e s p l aye d

t i m b e r a r c h i t rave

¤ W a l k i n ro b e s : 1 s h e l f, h a n g i n g ra i l

¤ B u i l t i n ro b e s : S l i d i n g d o o r s o n e s h e l f,

h a n g i n g ra i l

K i t c h e n

¤ F l o o r : Ta r ke t t f l o o r i n g s y s t e m


¤ C e i l i n g & c o r n i c e : Tex t u re d p a i n t f i n i s h o r

p a i n t e d p l a s t e r b o a r d l i n i n g . S e l e c t e d c o r n i c e

o r t r i m t o c e i l i n g

¤ B e n c h t o p s : 2 0 m m re c o n s t i t u t e d s t o n e t o p

¤ S p l a s h b a c k : G l a s s s p l a s h b a c k

¤ C u p b o a r d s : E E g g e r A n t h ra c i t e H i g h l a n d /

s o l i d p re m i u m w h i t e l a m i n at e t o d o o r s a n d

d rawe r s

¤ K i c k b o a r d s : S t a i n l e s s s t e e l l a m i n at e f i n i s h

¤ Pa n t r y : S e l e c t e d l a m i n at e f i n i s h w i t h

f i xe d s h e l ve s

K i t c h e n F i t t i n g s

¤ S i n k : 1 s t a i n l e s s s t e e l u n d e r s l u n g s i n k

¤ Ta p wa re : S i n k m i xe r o r e q u i v a l e n t

¤ U n d e r b e n c h ove n : 6 0 c m

¤ C o o k t o p : 6 0 c m (e l e c t r i c )

¤ R a n g e h o o d : 6 0 c m s l i d e o u t re c i r c u l at i n g

ra n g e h o o d

¤ D i s hwa s h e r : s t a n d a r d


C A N N O N H I L L

1 1


B at h ro o m a n d E n s u i t e

¤ F l o o r : M u r c i a Ta u p e

¤ W a l l s : M u r c i a Ta u p e

¤ C e i l i n g a n d b u l k h e a d s : Pa i n t e d p l a s t e r b o a r d

c e i l i n g w i t h b u l k h e a d s a s re q u i re d fo r s e r v i c e s

¤ V a n i ty b e n c h t o p : R o g e r S e l l e r v i t re o u s wa l l

m o u n t e d b a s i n a n d c ab i n e t

¤ M i r ro r : Fra m e d m i r ro r t o f u l l w i d t h o f

v a n i ty u n i t

B at h ro o m a n d E n s u i t e F i t t i n g s

¤ S h owe r s c re e n : Powd e r c o at e d a l u m i n i u m w i t h

c l e a r g l a s s s e m i - f ra m e l e s s a n d p i vo t d o o r a s

d e t e r m i n e d by b u i l d e r

¤ V a n i ty b a s i n : S e m i - re c e s s e d v i t re o u s c h i n a

o r e q u i v a l e n t

¤ To i l e t s u i t e : W h i t e v i t re o u s c h i n a d u a l f l u s h

¤ Ta p wa re : C h ro m e m i xe r s

¤ A c c e s s o r i e s : Towe l ra i l , h a n d t owe l h o o k , t o i l e t

ro l l h o l d e r i n a c h ro m e f i n i s h

L a u n d r y

¤ F l o o r : C e ra m i c t i l e s

¤ W a l l : M u r c i a Ta u p e c e ra m i c t i l e s p l a s h b a c k a n d

s k i r t i n g w i t h l ow s h e e n a c r yl i c p a i n t e l s ew h e re

¤ C e i l i n g : Pa i n t e d p l a s t e r b o a r d c e i l i n g s w i t h

b u l k h e a d s a s re q u i re d fo r s e r v i c e s

¤ Ta p wa re : C h ro m e l a u n d r y s e t

¤ L a u n d r y s i n k : S t a i n l e s s s t e e l m i n i t u b w i t h

c ab i n e t u n d e r

N o t e s

¤ G e n e ra l : W e m ay s u b s t i t u t e i t e m s c o n t a i n e d i n

t h i s s c h e d u l e a s l o n g a s t h e s u b s t i t u t e d i t e m

i s at l e a s t t h e s a m e q u a l i ty. T h e l o c at i o n o f

f i x t u re s a n d f i t t i n g s m ay b e c h a n g e d ( b u t t h e

n ew l o c at i o n m u s t n o t a dve r s e l y a ffe c t t h e u s e

o r f u n c t i o n a l i ty o f t h e u n i t ) .

¤ Stone: The fact that stone is a natural ly occurring

material , variation in colour, consistency and

fault l ines cannot be control led. The builder wil l

endeavour to match the stone displayed on the

Finishes Boards, but cannot guarantee the stone

surface pattern and colour wil l not vary.

A N C A S S A

12

C A N N O N H I L L

13

A N C A S S A

14

Contact: Zac Gleeson Phone: 07 3327 5000 Email: [email protected] Date: 30 April 2015

TYPICAL UNIT TYPE 2A, 22-34 ANDREWS STREET, CANNON HILL

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

Please contact our Asset Services Team on 1800 808 289 for any further information.

S P A C E 0 1

15

INDICATIVE DEPRECIATION SCHEDULE

30 April 2015

Typical Unit Type 2A, 22-34

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.

Year 2Year 1 Year 4Year 3 Year 6Year 5 Year 8Year 7 Year 10Year 9

$5,330 $4,030 $3,097 $2,414 $1,916 $1,541 $1,254 $1,028 $852 $716Depreciation Allowances

TEN YEAR FORECAST

Andrews Street, Cannon Hill

Capital Allowances $5,209 $5,209 $5,209 $5,209 $5,209 $5,209 $5,209 $5,209 $5,209 $5,209

TOTAL $10,539 $9,239 $8,306 $7,623 $7,125 $6,750 $6,463 $6,237 $6,061 $5,925

$0.00

$2,000.00

$4,000.00

$6,000.00

$8,000.00

$10,000.00

$12,000.00

YR 1 YR 2 YR 3 YR 4 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 [email protected] 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.

S P A C E 0 2

16


30 April 2015

Typical Unit Type 2B, 22-34




TEN YEAR FORECAST



TOTAL $11,265 $9,931 $8,968 $8,263 $7,746 $7,355 $7,056 $6,821 $6,637 $6,494

$0.00

$2,000.00

$4,000.00

$6,000.00

$8,000.00

$10,000.00

$12,000.00









S P A C E 0 3

17


30 April 2015

Typical Unit Type 2C, 22-34




TEN YEAR FORECAST



TOTAL $10,774 $9,441 $8,479 $7,774 $7,258 $6,868 $6,570 $6,335 $6,151 $6,009

$0.00

$2,000.00

$4,000.00

$6,000.00

$8,000.00

$10,000.00

$12,000.00









S P A C E 0 4

18


30 April 2015

Typical Unit Type 3A, 22-34



$5,634 $4,790 $3,672 $2,858 $2,265 $1,817 $1,474 $1,210 $1,002 $840Depreciation Allowances

TEN YEAR FORECAST



TOTAL $12,351 $11,507 $10,389 $9,575 $8,982 $8,534 $8,191 $7,927 $7,719 $7,557

$0.00

$2,000.00

$4,000.00

$6,000.00

$8,000.00

$10,000.00

$12,000.00

$14,000.00









S P A C E 0 5

19


30 April 2015

Typical Unit Type 3B, 22-34



$5,627 $4,786 $3,669 $2,854 $2,261 $1,816 $1,475 $1,211 $1,002 $840Depreciation Allowances

TEN YEAR FORECAST



TOTAL $12,909 $12,068 $10,951 $10,136 $9,543 $9,098 $8,757 $8,493 $8,284 $8,122

$0.00

$2,000.00

$4,000.00

$6,000.00

$8,000.00

$10,000.00

$12,000.00

$14,000.00









A N C A S S A

20

Unit No. Contribution Entitlement

Interest Entitlement

# Annual Insurance Levy

Annual Admin Fund Levy

^ Annual Sinking Fund Levy

Total Annual Levies (incl Insurance) Quarterly Levies Weekly Levies

101 40 890 160.03$ 2,093.00$ 583.33$ 2,836.36$ 709.09$ 54.55$ 102 40 890 160.03$ 2,093.00$ 583.33$ 2,836.36$ 709.09$ 54.55$ 103 40 806 144.93$ 2,093.00$ 583.33$ 2,821.26$ 705.32$ 54.26$ 104 40 890 160.03$ 2,093.00$ 583.33$ 2,836.36$ 709.09$ 54.55$ 201 40 772 138.81$ 2,093.00$ 583.33$ 2,815.14$ 703.79$ 54.14$ 202 40 772 138.81$ 2,093.00$ 583.33$ 2,815.14$ 703.79$ 54.14$ 203 40 772 138.81$ 2,093.00$ 583.33$ 2,815.14$ 703.79$ 54.14$ 204 40 772 138.81$ 2,093.00$ 583.33$ 2,815.14$ 703.79$ 54.14$ 205 40 772 138.81$ 2,093.00$ 583.33$ 2,815.14$ 703.79$ 54.14$ 206 40 772 138.81$ 2,093.00$ 583.33$ 2,815.14$ 703.79$ 54.14$ 207 40 772 138.81$ 2,093.00$ 583.33$ 2,815.14$ 703.79$ 54.14$ 208 40 898 161.47$ 2,093.00$ 583.33$ 2,837.80$ 709.45$ 54.57$ 209 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 210 40 772 138.81$ 2,093.00$ 583.33$ 2,815.14$ 703.79$ 54.14$ 211 40 764 137.37$ 2,093.00$ 583.33$ 2,813.70$ 703.43$ 54.11$ 212 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 213 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 214 40 873 156.97$ 2,093.00$ 583.33$ 2,833.30$ 708.33$ 54.49$ 301 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 302 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 303 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 304 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 305 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 306 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 307 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 308 40 906 162.91$ 2,093.00$ 583.33$ 2,839.24$ 709.81$ 54.60$ 309 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 310 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 311 40 772 138.81$ 2,093.00$ 583.33$ 2,815.14$ 703.79$ 54.14$ 312 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 313 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 314 40 881 158.41$ 2,093.00$ 583.33$ 2,834.74$ 708.69$ 54.51$ 401 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 402 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 403 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 404 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 405 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 406 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 407 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 408 40 915 164.52$ 2,093.00$ 583.33$ 2,840.85$ 710.21$ 54.63$ 409 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 410 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 411 40 780 140.25$ 2,093.00$ 583.33$ 2,816.58$ 704.15$ 54.17$ 412 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 413 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 414 40 890 160.03$ 2,093.00$ 583.33$ 2,836.36$ 709.09$ 54.55$ 501 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 502 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 503 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 504 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 505 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 506 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 507 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 508 40 923 165.96$ 2,093.00$ 583.33$ 2,842.29$ 710.57$ 54.66$ 509 40 806 144.93$ 2,093.00$ 583.33$ 2,821.26$ 705.32$ 54.26$ 510 40 797 143.31$ 2,093.00$ 583.33$ 2,819.64$ 704.91$ 54.22$ 511 40 789 141.87$ 2,093.00$ 583.33$ 2,818.20$ 704.55$ 54.20$ 512 40 806 144.93$ 2,093.00$ 583.33$ 2,821.26$ 705.32$ 54.26$ 513 40 806 144.93$ 2,093.00$ 583.33$ 2,821.26$ 705.32$ 54.26$ 514 40 898 161.47$ 2,093.00$ 583.33$ 2,837.80$ 709.45$ 54.57$

Total 2400 48385 8,700.00$ 125,580.00$ 35,000.00$

* Please note, these fees are estimated as the total for all lots for the first 12 months for the respective agreements.

Proposed Lot Entitlements & Contributions for The Body Corporate for ANCASSA Community Titles Scheme

# 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. ^ 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.

Unit 8, 156 Boundary Street, WEST END Q 4101P: 3361 9960 F: 3361 9990

E: [email protected]

C A N N O N H I L L

21

Number of Lots 60Total Contribution Lot Entitlements 2400 Using Equality PrincipleTotal Contribution Interest Entitlements 48391 Using Market Value Principle

2015-2016 REMARKSBUDGET

INCOME

Levies - Administration Fund $ 134,280.09

Total Admin Fund Income $ 134,280.09

EXPENDITURE

Auditor Fees $ - For the first year

GST Compliance (BAS) $ 1,000.00 $250.00 per quarter

Tax Return Preparation & Co-ordination $ 750.00

Bank Charges $ -

Body Corporate Administration Management $ 11,700.00 $195.00 per lot per annum x 60 units

Insurance Premiums – Body Corporate $ 7,972.81

Caretaking Agreement $ 69,000.00 $1150.00 per unit per annum

Caretaker Consumables & Sundries $ 1,000.00 No equipment. Products only

MyStrata/License Fees $ 900.00

Detention Tank $ 500.00 Pump maintenance

Repairs & Maintenance - Lifts $ 7,500.00 Lift Curtain, lift plant registration

Repairs & Maintenance - Gardens & Lawns $ 2,000.00 Fertilizers, weed killler, mower fuel

Repairs & Maintenance - Building $ 1,500.00 If not under warranty and/or defect liability period

Repairs & Maintenance- Plumbing $ 750.00 If not under warranty and/or defect liability period

Repairs & Maintenance - Electrical $ 750.00 If not under warranty and/or defect liability period

Repairs & Maintenance - Security Doors, Intercom $ 500.00 If not under warranty and/or defect liability period

Electricity $ 10,000.00 Common Property

Water Rates $ 1,500.00 Communal

Fire Safety Maintenance and Compliance $ 3,000.00

Lift Phone $ 400.00

Gas / Fuel $ 350.00

Pest Control & Termite Inspection $ 1,000.00 External Only after first 12 months

Subtotal $ 122,072.81

GST 12,207.28$

TOTAL PROPOSED ADMINISTRATIVE FUND EXPENDITURE $ 134,280.09

First Financial YearBUDGET

Estimated Sinking Fund $ 35,000.00 Calculated Estimate - QS required to complete formal Sinking Fund Forecast Report

Subtotal $ 31,818.18 GST 3,181.82$

TOTAL PROPOSED ADMINISTRATIVE FUND EXPENDITURE $ 35,000.00

ADMINISTRATION FUND

PROPOSED ANNUAL BUDGET – ADMINISTRATIVE FUNDBody Corporate for Ancassa Community Title Scheme

First Financial Year: TBC

SINKING FUND REMARKS

P: 07 3361 9960 F: 07 3361 9900E: [email protected]

THE ‘A’ TEAM

T HE CORSO HOUSE , BESPOKE RES IDENCE

In 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 our 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 in

both Queensland and 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”.

D E D I C A T E D

T O C R E A T I N G

R E M A R K A B L E P L A C E S

Our pursuit of multi-faceted excellence ultimately has one simple aim

- to say to you, “welcome home.”

Azure Developments

A N C A S S A

22 Andre ws Street , Cannon Hi l l , QLD 4170

PHONE THE AZURE SALES CONCIERGE ON +61 7 3227 1575

ANCASSA.COM.AU

Ancass Investment Brochure

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