Springbank Rise

I N V E S T M E N T P R O S P E C T U S C A N B E R R A

BROADENING THE HORIZON OF

LIFESTYLE OPTIONS IN CANBERRA,

SPRINGBANK RISE WILL SEAMLESSLY

CONNECT NATURAL BEAUTY WITH THE

ESTABLISHED GUNGAHLIN COMMUNITY.

THE DEVELOPMENT WILL DELIVER

A RANGE OF QUALITY, AFFORDABLE

AND ENVIRONMENTALLY-AWARE LIVING

OPTIONS SET AMONG A GENUINELY

CONNECTED COMMUNITY THAT LINKS

PEOPLE AND THE NATURAL BEAUTY

OF THE AREA.

Development overview

Springbank Rise is a newly-

developed, master-planned

community in Gungahlin, in

Australia’s capital, Canberra.

The Springbank Rise

development will have an

emphasis on outdoor living,

with more than 30 hectares

of its 103 hectares dedicated

to parklands, sporting

fields and open space.

The community will boast

a strong level of amenity

and liveability, with a

proposed village centre

within Springbank Rise,

while the Gungahlin

Shopping Centre

currently provides a

range of retail options.

It is estimated that

approximately 3,000

people will reside

in 1,000 homes at

Springbank Rise

by 2014.

ACT Household breakdown

ACT Industry of Employment

Couple with no children

26%

Couple family with children

34%

One parent family11%

Other family1%

Grouped households28%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%

Agriculture, forestry & fishing

Mining

Manufacturing

Electricity, gas, water & waste services

Construction

Wholesale trade

Retail trade

Accommodation & food services

Transport, postal & warehousing

Information media & telecommunications

Financial & insurance services

Rental, hiring & real estate services

Professional, scientific & technical services

Administrative & support services

Public administration & safety

Education & training

Health care & social assistance

Arts & recreation services

Other services

Proportion of population

Ind

ust

ry

Gungahlin Weekly Rental Price - Three Bedroom House

$250

$300

$350

$400

$450

$500

$550

$600

Mar2008*

Jun2008*

Sep2008*

Dec2008*

Mar2009*

Jun2009*

Sep2009*

Dec2009*

Mar2010*

Jun2010*

Sep2010*

Dec2010*

Mar2011*

Jun2011*

Sep2011*

Dec2011*

We

ekl

y R

en

tal

Pri

ce

Quarter

Gungahlin

Canberra




26%


34%


Other family1%


0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%


Mining

Manufacturing


Construction

Wholesale trade

Retail trade












Other services


Ind

ust

ry


$250

$300

$350

$400

$450

$500

$550

$600

Mar2008*

Jun2008*

Sep2008*

Dec2008*

Mar2009*

Jun2009*

Sep2009*

Dec2009*

Mar2010*

Jun2010*

Sep2010*

Dec2010*

Mar2011*

Jun2011*

Sep2011*

Dec2011*

We

ekl

y R

en

tal

Pri

ce

Quarter

Gungahlin

Canberra

Investment returns

When looking at total property growth

– combining rental yields with median

price growth – Gungahlin is a proven

performer.

With high returns of 8.7 per cent from

the year ending September 2011. This is

substantially higher than the Canberra

return of 3.7 per cent. As a community

yet to emerge, Springbank Rise can be

identified for long-term, strong return-

on-investment dollars.

Rental market

Considering 29.9 per cent of residents in

Canberra currently live in a rental tenancy,

it becomes important to understand the

demographics which result within the area

and the returns that are achieved.

The median age of Canberra renters is

34, with a median household income of

$1,508.90 per week. There has been a slight

softening change to the average weekly

asking rent for a three bedroom house in

Gungahlin over the 12 month period ending

September 2011. The weekly asking price

decreased by 3.8 per cent to register a final

price of $500, which is on par with the two

year average. Canberra increased the weekly

asking rent by 2.4 per cent to equate to $430

per week, approximately seven per cent more

than the two year average of $402 per week.

However, the weekly rental table at Figure 3

shows that Gungahlin maintains a premium

rental price when compared to Canberra.

This equates to a stronger rental yield

of 4.7 per cent for Gungahlin and

4.2 per cent for Canberra.

Infrastructure and amenity

There is a wide range of investment

in the pipeline, from hospitals to

arts precincts. However, when

analysing the level of future

investment planned for Canberra,

it becomes evident just how

extensive growth in the region

will be. The total estimated spend

being invested in infrastructure in

Canberra is just under $12 billion.




26%


34%


Other family1%


0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%


Mining

Manufacturing


Construction

Wholesale trade

Retail trade












Other services


Ind

ust

ry


$250

$300

$350

$400

$450

$500

$550

$600

Mar2008*

Jun2008*

Sep2008*

Dec2008*

Mar2009*

Jun2009*

Sep2009*

Dec2009*

Mar2010*

Jun2010*

Sep2010*

Dec2010*

Mar2011*

Jun2011*

Sep2011*

Dec2011*

We

ekl

y R

en

tal

Pri

ce

Quarter

Gungahlin

Canberra

Vacant land market

As the wider Canberra area experiences

densification through infill development,

vacant land in the region will become scarce.

As a result, there have been limited sales

over the past decade, leading to a highly

fluctuating median sale price.

Gungahlin is an emerging suburb that has

an average holding period of three years.

Gungahlin has recognised solid returns for

house purchasers, reaching peaks in 2007,

2009 and 2010. Through the September 2011

six month period, those who resold their house

recognised an average growth of 4.3 per cent

per annum, just under the five year average

return of 7.5 per cent per annum. As shown

in the graph, a cyclical trend is displayed that

shows a new peak in capital grown every three

half year periods. This suggests that there

is another period of high capital growth

set to occur. Investors would be wise to

enter the market while prices remain

at affordable levels.

Tables prepared by Colliers International Research Source: ABS.

• Nestled among beautiful

established trees and framed

by a ridge line, Springbank Rise

is a location to envy.

• Springbank Rise is a $500 million

master-planned community

brought to you by international

market leader Lend Lease.

• The development is located in

Gungahlin, near Nicholls and

Ngunnawal, within 4km of the

Gungahlin Town Centre, 11km of

the Belconnen Town Centre and

18km of the Canberra city.

• The new 103 hectare community

will feature up to 1,100 homes for

approximately 3,000 residents.

• Residents of Springbank Rise will

have access to broadband internet,

with a fibre optic connection

to every home.

• Springbank Rise will feature distinct

residential villages that boast a

range of homes to suit different

lifestyles and budgets. Two villages

– Arcadia and Tataway Ridge –

are now selling, with more villages

to be released in the future.

Springbank Rise: Fast Facts

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Springbank Rise

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