Custodian Project Summary - Pimpama

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This document does not purport to contain all the information that any potential Purchaser, their respective officers, employees, agents, advisors, shareholders and associates or its related entities or any other interested party (collectively the Purchaser) may require. It does not take into account the individual circumstances, financial situation, investment objectives or requirements of the potential Purchaser. It is intended to be used as a guide only and does not constitute advice, including without limitation, investment or any other type of advice.

The parties or any of their respective officers, partners, employees or consultants give no assurances, representations or warranties that the information and any other verbal or written information in respect the Property are accurate, current, complete or balanced.

None of the Parties assume any obligation to the potential Purchaser to provide additional information or updated information or to correct any inaccuracies in this document which may become apparent or will be liable for any loss or damage resulting from this document or any other information that the potential Purchaser relies on.

This document may contain information prepared by third parties. Figures, calculations and other information contained in this document that has been provided to the Parties by third parties have not been independently verified by the Parties. Any projections or analyses represent best estimates only and may be based on assumptions, which, while reasonable, may not be correct. Past performance of any property described in this document is not a reliable indication of future performance of such property.

Any forecasts included in this document are based on a large number of assumptions and are subject to significant uncertainties and contingencies. No representation is made that any forecast will be achieved. Actual future events may vary significantly from the forecasts.

The potential Purchaser should not rely on this document or the information as a statement or representation of fact and must make their own inquiries to verify and satisfy themselves of all aspects of such information, including without limitation, any income, rentals, dimensions, areas, zoning and permits.

While the information in this document has been prepared in good faith and with due care, no representations or warranties are made (express or implied) as to the accuracy, currency, completeness, suitability or otherwise of such information. The Parties and their officers, employees, subcontractors and agents shall not be liable (except to the extent that the liability under statute or by operation of law cannot be excluded) to any person for any loss, liability, damage or expense arising directly or indirectly from or connected in any way with any use of or reliance on such information.

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The Meadows Estate, PimpamaQueensland

The information contained in this Project Summary is up-to-date as of 7 September 2015.Should you have any questions, please call 1800 174 999.

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CONTENTS1. Executive Summary 32. About South East Queensland 43. Economic Drivers 64. About Pimpama 85. Demographics and Socio-Economic Profile 146. Pimpama Infrastructure 167. The Development 188. Location Sales History 219. Rental Returns 2310. Media and Related Articles 24

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Executive Summary• The Meadows Estate is a 1,120 lot master planned community located on the Gold Coast,

Australia within walking distance of Gainsborough Greens golf course and just minutes from major Gold Coast theme parks and a wide range of recreational, employment and shopping facilities (including the planned multi-million dollar Coomera Town Centre development). The Estate is located within close proximity of an abundance of educational institutions, including the newly established Pimpama State Primary and Secondary Colleges, Pimpama Kings Christian College, Livingstone Christian College and Griffith University (Gold Coast Campus).

• There are a total of 17 Stages within the estate, with 8 Stages already completed. Currently, Stage 9 is being developed.

• The development comprises of lots ranging in size from 300m2 through to 695m2. Each allotment is predominantly level in topography throughout.

• The dwellings will be characterised by modern designs featuring a mixture of single and double storey, three and four bedrooms, two bathrooms, complete with double lock up garages.

• Dwelling sizes will be approximately 200m2 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 $425,000 - $480,000.

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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. The population in SEQ rose circa 694,000 persons between the years of 2001 to 2011, where it reached a total population of 3.05 million.

Between 2012 and 2026 Queensland is projected to achieve 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 posseses 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 23.13 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 yields remaining at a high of 4.6% 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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Economic Drivers

EmploymentAs the sixth largest city in Australia, the Gold Coast is one of the most significant employment and business centres in South East Queensland. Strong employment growth is projected for the Gold Coast LGA over the next 20 years. At the 2011 Census there were approximately 223,725 jobs across the Gold Coast. This is projected to increase by almost 47 per cent, reaching around 328,200 by 2031. This equates to an average increase of 5,223 new jobs per annum.

The largest employment sector at the 2011 Census was Retail. This accounted for 18.5 per cent of total jobs across the Gold Coast, followed by Business Services 12.4 per cent and Health & Community 10.9 per cent. These sectors are projected to retain their top three employment ranking at 2031.

In terms of employment growth, the health and community industry is projected to have the largest total growth between 2011 and 2031 at over 17,700 new jobs, driven by significant investment in hospitals and healthcare facilities. This growth is closely followed by the culture and recreation industry, driven by growing film, media, arts and cultural investment and is projected to add over 16,500 new jobs between 2011 and 2031.

Infrastructure Gold Coast Light Rail - $1.8 Billion - Stage 1 of the Gold Coast Light Rail project was completed and began operation in July 2014, providing frequent trams, stopping at 16 stations, along a 13-kilometer route. The route currently extends from the Health and Knowledge precinct in the north (serving the Parklands precinct, the Gold Coast University Hospital and Griffith University campus) and extending through the commercial, retail and recreational centres of Southport, Surfers Paradise and Broadbeach in the south. Preliminary planning activity is underway for Stage 2 of the Gold Coast light rail, with a proposal to extend the service to the north from Griffith University to Helensvale. This would connect to the heavy rail network and provide a major transport link to Brisbane. The trams took their one millionth passenger in September 2014, just two months after commencing. As at March 2015, the Gold Coast Light Rail transit system had serviced in excess of four million passengers.

Gold Coast University Hospital - $1.76 Billion - The Gold Coast University Hospital was completed late 2013 at a cost of $1.76 billion. It provides a floor space of 170,000 square metres for clinical teaching and research facilities combined with specialised health services. Made up of seven main buildings, the facility provides a final capacity of 750 beds.

Griffith University Campus – Masterplan - Griffith University Gold Coast campus, the Gold Coast’s largest university with over 16,500 students is expected to increase to more than 25,000 students during the next 10 years. The Campus Development Plan outlines the vision for the 70-hectare Southport site, which proposes more intense development on the existing footprint as it prepares for long-term growth on the Gold Coast.

Commonwealth Games - $775 Million - The Gold Coast will host the Commonwealth Games in 2018. It will be the first regional city to host the Games in Australia. The event will provide exposure for businesses, trade, investment, tourism and events, and promote Gold Coast City to a global audience and boost its profile internationally. Almost $775 million is to be invested in the upgrade and construction of sporting venues and facilities across the Gold Coast between now and the event in April 2018. It is expected to inject $2 billion into the Gold Coast economy.

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Education Griffith University, Southport – 16,500 Students - The Griffith University Gold Coast Campus is known for its strengths in health education, particularly after the opening of the $1.76 billion Gold Coast University Hospital for medicine, psychology, dentistry, and oral health. Student numbers at the campus are forecast to grow to 25,000 by 2020.

Bond University, Robina – 5,600 Students - Bond University is Australia’s highest rating University for overall graduate satisfaction and is widely acknowledged for its strengths in sustainable and architectural design, highlighted by the recently completed Soheil Abedian School of Architecture. In addition, Bond University also is home to Australia’s first private medical school offering a broad range of courses specialising in biomedical sciences, health science, medicine and medical software development. Student numbers are projected to increase by around five per cent per annum.

Gold Coast Institute of TAFE – 17,000 Students - Gold Coast Institute of TAFE is the largest regional TAFE in Queensland, offering a diversified range of courses in close conjunction with industry to ensure students are successfully placed into the workforce. The Southport Campus has recently undergone a $7 million refurbishment and expansion.

Health The Gold Coast has long been a highly desirable location for interstate migration and access to high quality healthcare services. Health Care infrastructure is not only a draw card to new families and retiaries but the Government health spending and associated high wage level jobs also act as major economic drivers. The City of Gold Coast has a wide range of world-class research, training, and education facilities, as well as numerous large hospitals and medical centres. These providers offer job opportunities (7,493 full time equivalent employees) to a vast pool of world-class scientists, engineers, and technical staff, more than generate billions in revenue to the local Gold Coast economy.

TourismApproximately 4.23 million visitors (3.41 million domestic and 819,000 international) made overnight visits to the Gold Coast during the year to September 2014. In addition to these overnight visitors, approximately 6.9 million domestic day trippers made their way to the Coast over the same period.

Gold Coast Airport at Coolangatta is Australia’s fastest growing airport and is the fifth busiest international airport in Australia. Gold Coast Airport recently announced direct flights from Gold Coast to Wuhan in China. These direct flights are expected to being in September 2015. The aircraft flying this new route will have 335 seats on board and this will most likely result in an increase in Chinese visitors to the Gold Coast and beyond.

*(Source: Urbis)

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About PimpamaThe locality of Pimpama in Queensland’s South-East region falls within the Gold Coast City Council. Along with the neighboring suburb Coomera, Pimpama forms part of what is referred to as “The Northern Growth Corridor” and is earmarked as a strategic area for housing a significant portion of Queensland’s future population growth.

Pimpama is well serviced by the M1 Motorway and is conveniently situated 48km from Brisbane CBD and just 25km from Southport CBD. The Meadows Pimpama Estate is also serviced by both Ormeau and Coomera train stations.

Pimpama and its surrounds boast a variety of educational institutions including both public and private secondary schools. Within the immediate area are four primary schools including Oxenford, Helensvale, Coomera and Pimpama State Schools as well as Livingstone College, Pimpama Secondary College, Helensvale and Coombabah State High Schools. There are also a number of private schooling options including Saint Stephens Anglican College and Assisi Catholic College. Coomera TAFE provides an excellent opportunity for tertiary education in the region.

Shopping facilities are many and varied within the Pimpama region and its immediate surrounds. The recently completed Pimpama Junction is located a few hundred metres from The Meadows on the corner of Yawalpah Road and Dixon Drive. Upper Coomera Shopping Centre and Oxenford Central Markets are located within a short drive providing further options for shopping, supermarkets and specialty stores. In addition, the nearby Westfield Helensvale Town Centre is a large regional centre, which includes a number or major retail and specialty stores. The multi-million dollar planned Coomera Town Centre development will be located within 3km of the estate, and will be a key driver in the Gold Coast’s economy.

Pimpama and the Northern Growth Corridor also plays host to an abundance of lifestyle and recreation amenity including the Gainsborough Greens Golf Course , The Gold Coast theme parks, bike trials as well as a large number of parklands and nature reserves.

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Development Pipeline The current development and government infrastructure pipeline area is simply staggering. Infrastructure development spending in the northern corridor has seen a considerable increase over the past several years with the addition of a major rail project. The key highlights include:

Infrastructure • $500 million Stage 1 Westfield Coomera Development creating 1,200 jobs during construction and

1600 permanent jobs once the centre opens. • A new $530 million Coomera Marine Precinct Expansion of 63.5 hectares has been earmarked for

one of the largest integrated marine industry developments in the state. The plan is forecasted to generate 4,800 jobs in the construction phase and 4,600 in ongoing employment.

• $23.5 million Upper Coomera Community Hub re-development. The development will include a library, multi-purpose community centre, aquatic facilities and public plaza areas.

Transport and Roads• The duplication of the rail line between Coomera and Helensvale is a $500 million project and is

the largest development pipeline in the Coomera area. Due for completion in 2018• $495 million upgrade to Foxwell Road• $95 million to widen the Pacific Motorway from four to six lanes• $119 million Smith Street Interchange, due for completion June 2015

Education and Health • $50 million project servicing the Pimpama Sate Primary School • $31 million Coomera Tafe project with state of the art facilities and equipment• $145.2 million Logan Hospital expansion

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Coomera Town Centre – Coming SoonThe Coomera Town Centre is a 34 hectare development which will include major retailers such as Myer, Woolworths and Coles and will include over 80 speciality stores and a cinema complex.

The location of the town centre and the associated expected growth will make the project a key driver in the Gold Coasts economy. The Centre will accommodate key concentrations of employment and a significant residential population increase.

Coomera Marine Precinct – Coming Soon A new $530 million Coomera Marine Precinct Expansion of 63.5 hectares has been earmarked for one of the largest integrated marine industry developments in the state. The plan is forecasted to generate 4,800 jobs in the construction phase and 4,600 in ongoing employment.

The expansion of the precinct will also include a Marine Industry TAFE or similar centre of excellence as well as bringing in annual export income of $250m from major exporting regions including Japan, North American and New Zealand.

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Pimpama Junction – Recently CompletedLocated within a stone’s-throw of The Meadows, Pimpama Junction will cater for the Pimpama region and provide a local hub for residents of The Meadows. The shopping centre opened its doors in mid June 2014. The shopping centre includes a medical precinct and specialty convenience shops, take away food and restaurants. The retail centre is anchored by the largest supermarket in its primary catchment. The latest generation Woolworths will transform the fresh food shopping experience and will be complimented by a diverse mix of shops and services specifically targeted to meet the needs of the local community. Designed for convenience, the retail centre will be easily accessible at two points and is supported by around 300 easy to reach car parks.

King’s College (Pimpama Campus) – Recently CompletedPimpama Campus opened in January 2015, and currently caters for Childcare and Pre Prep and Prep - Year 3. From 2016, an additional grade each year will be introduced. The first year of secondary school (Year 7) will be available in 2019.

Pimpama State Secondary College – Recently CompletedThe Pimpama State Secondary College opened on 29 January 2013 catering for years 7 and 8 initially. Enrolments for 2015 will be accepted from the start of Term 2 for grades 7, 8, 9 and 10. The College features large playing fields and open space for students to congregate, with outdoor study and teaching areas to promote active and engaged students.

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Demographics andSocio-Economic Profile

Total Population

6,572

Renters OwnerOccupiers

35% Rent65% Owner

Average PersonsPer Household

2.8

Median HouseholdIncome

$1,589per week

Median Age

31 years old

Family Household

80%

* Sources: Australian Bureau of Statistics, Profile ID, The Department of State Development

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From 2011 to 2036, the population for the greater Pimpama region is projected to increase from 36,956 to 173,669 persons. This reflects an average growth rate of 12.4% per year which is more than 5 times greater than the Queensland average growth rate for the same period.

The Residential Vacancy Rate for the suburb of Pimpama is currently sitting at a low 2.7% (May 2015), which signifies high rental demand, and in turn requiring new properties to fuel this demand.

South East Queensland is home to about 3.3 million people. The reported 10 year average annual population growth from 2001 was 65 000 making South East Queensland one of the fastest growing regions in Australia.

City of the Gold Coast is the second largest government area in Australia.

The state government’s most recent population projections indicate that South East Queensland is expected to grow to around 5.5 Million people by 2041.

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Infrastructure

Education• Pimpama State Secondary College – 850m• Pimpama State Primary School – 4.9 km • King’s Christian College – 5km• Lutheran Ormeau Rivers Districts School – 6.7km • Ormeau Primary School – 7.5km • Coomera Springs State School – 8.5km• Livingstone Christian College – 9.2km • Coomera Anglican College – 8.7km • Upper Coomera State College – 10.8km • Helensvale Primary School – 19.3km• Southern Cross University – 54.8km • Griffith University – 25kms • Bond University – 41.4kms

Medical• Pimpama Medical Centre – 400m • Medicross Coomera – 9.6km • Upper Coomera Medical Centre – 10km • Ormeau Medical Centre – 10km • Gold Coast Hospital – 21km Recreation • Gainsborough Greens Golf Course – 1.1km • Dreamworld, Wet ‘n’ Wild & Movie World – 15km • South Stradbroke Island – 10kms • Sanctuary Cove Golf & Country Club – 20km • Surfer’s Paradise – 30kms • Mount Nathan Winery – 33km

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Transport• Yawalpah Rd at Swan Road Bus Stop – 1.9km • Finnegan Way at Cirrus Way Bus Stop – 3.1km • Coomera Train Station – 5.9km • Ormeau Train Station – 7.4km • M1 Motorway – 3.5km Retail• Pimpama Junction Shopping Centre – 400m• Future Coomera Town Centre development – 3km • Coomera Square Shopping Centre – 8km • Westfield Helensvale – 17km • Harbour Town Shopping Centre – 24kms

A new shopping village at Pimpama Junction with a Woolworths supermarket and speciality stores opened in 2014.

The estate is conveniently located within 10 minute drive to any major amenity that is an essential component of everyday life. The position has an abundant choice of educational and child care facilities, with an enviable shopping experience.

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The DevelopmentThe subject site is 1,120 lot residential land development situated in the sought after suburb of Pimpama.

Pimpama is positioned in the rapidly expanding Gold Coast – Brisbane corridor. Located only 30 minutes from both major cities, this site offers enormous value and potential with development in the surrounding area booming at present. The development is close to shops, public transport, schools and parks.

Specific allotment sizes range from 300m2 through to 695m2, all with ample street frontages each allotment is predominantly level in topography and benched and retained where necessary providing an ideal building platform.

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.

All lots have access to local estate and nearby parkland views.

RECENTLY OPENED

RECENTLY OPENED STAGE 1: COMING SOON

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The HomesThe dwellings will be characterized by modern designs featuring a mixture of single and double storey, 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 200m2 gross floor area.

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

Custodian Built Houses

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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:

37 Ningaloo Drive, Pimpama QLD

Area: 384 m2

Price: $460,000Sale Date: January 2015Features: 4 Bed, 2 Bath, DLUG

44 William Boulevard, Pimpama QLD

Area: 450 m2

Price: $555,000Sale Date: March 2015Features: 4 Bed, 2 Bath, DLUG

10 Copper Parade, Pimpama QLD

Area: 467 m2

Price: $445,000Sale Date: May 2015Features: 4 Bed, 2 Bath, DLUG

8 Bullaring Street, Pimpama QLD

Area: 450 m2

Price: $480,000Sale Date: February 2015Features: 4 Bed, 2 Bath, DLUG

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2 Nyrang Drive, Pimpama QLD

Area: 4,031 m2

Price: $655,000Sale Date: August 2014Features: 4 Bed, 2 Bath, DLUG


Area: 574 m2

Price: $555,000Sale Date: March 2015Features: 4 Bed, 2 Bath, DLUG


Area: 600 m2

Price: $575,000Sale Date: September 2014Features: 4 Bed, 2 Bath, DLUG

8 Bedford Road, Pimpama QLD

Area: 601 m2

Price: $570,000Sale Date: February 2015Features: 5 Bed, 3 Bath, 3LUG

Sales HistoryEstablished Capital Benchmarks

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Rental ReturnsHouse Design: Double storey, 4 bedrooms, 2 bathrooms & DLUG (400m2)

$455 p/w Estimate from local real estate agents X 52 Weeks

= $23,660 Annual Rent

$23,660 Annual Rent / $475,000 Average Purchase Price

= 4.98% (yield) Annual Rent Return

House Design: Single storey, 4 bedrooms, 2 bathrooms & DLUG (400m2)





House Design: Single storey, 3 bedrooms, 2 bathrooms & DLUG (300m2)





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Media and Related ArticlesQueensland’s unprecedented infrastructure pipeline: Simon Pressley24 May 2015

An unprecedented level of major projects in the pipeline has the potential to produce significant growth in Queensland property markets. Although, there are some unanswered questions with a new government coming to office.

According to our research, there are thirty seven major infrastructure projects with a combined project value of a staggering $123 billion. If they were all to proceed they would create 142,900 new direct jobs.

There’s been a lot of hype over the last couple of years about the end of the mining construction boom and very little else coming through Australia’s infrastructure pipeline.

What has been unfolding behind the scenes in Queensland is quite exciting although few people realise it. I doubt whether any state at any time in Australia’s history has ever had such a big pipeline of projects.

Throughout 2014 there were a lot of approvals of major projects along with various new proposals. Queensland’s jobs growth trend began to show green shoots. By the back end of 2014, Propertyology had become quite bullish in regards to property market outlooks throughout parts of the state.

We place a heavy emphasis on job growth potential with our property market forecasting. Wherever there is a new job there is demand for accommodation.

Official statistics from Australian Bureau of Statistics (ABS) shows that Queensland created a total of 11,048 new jobs over the entire last three full calendar years. This puts the 142,900 job potential from Queensland’s project pipeline in to perspective.

Jobs growth has been the biggest driver of Sydney’s remarkable property boom over the last two years. The evidence is in the ABS data.

Australia created an additional 134,408 jobs in 2014. 52,975 of these were in Sydney.

We flag Brisbane, Gold Coast, Toowoomba, and Cairns as property markets with very promising outlooks.

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The Abbott Point expansion at Bowen and rail infrastructure must be built in order to open up the biggest coal province in the world, Galilee Basin. High rollers such as Indian billionaires Adani and GVK, Gina Rinehart, Clive Palmer, and Chinese miner Macmines collectively have projects in the pipeline worth $53 billion.

Over the last two years, the city of Mackay has struggled under falling coal prices and property over-supply. But Mackay was placed back on Propertyology’s radar due to the potential 31,500 direct jobs which would be created if the Galilee Basin was officially opened up. Brisbane will benefit from the thousands of CBD administration new jobs that will be created. To a lesser extent, Townsville’s property market would also benefit through the supply of goods and services at the coal face and at Abbott Point.

During the January state election campaign, the Queensland Labor government made it known that they were opposed to expanding port facilities, even though, under former Premier Anna Bligh, Labor had initially approved the port expansion before the Newman government scaled it back to a more sustainable size. Earlier this month, Labor flagged a new proposal for the port dredging.

The new government has officially scrapped the $5.2 billion BaT Brisbane transport infrastructure project and raised questions over the proposed Queens Wharf project – comparable in size and quality to the new Barangaroo precinct in Sydney and the Crown Casino precinct in Melbourne.

Propertyology is still investing in Brisbane however we now place a couple of other locations ahead of Brisbane. The 18,000 extra jobs from the BaT project would have been very positive for Brisbane so too would have been the Herston medical precinct proposed by the Newman government. We had also factored in 10,000 new jobs from Queens Wharf but we just don’t know what will happen there now.

The Gold Coast property market has been described by Propertyology as having potential to be the best performing market in Australia over the next two years. When the Gold Coast Mayor first made mention that the proposed $7.5 billion ASF Resort project had potential for as many as 35,000 new (direct and indirect) jobs our ears certainly pricked up. Since being elected in to office, the new state government has scrapped the project. There’s already a lot of job creating infrastructure projects under way on the Gold Coast. And our outlook for the Australian tourism industry is off the Richter scale.

Despite several major projects being declared ‘dead’ or doubtful’ over recent months, the job creation potential from within the long list of ‘likely to proceed’ projects is still very exciting.

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Gold Coast Investors Tipped to be the Real Winner in the Commonwealth GamesMarch 3, 2015

As Queensland gears up for the Commonwealth Games, investors are anticipating action in the property market. If history is any indication, the Gold Coast property market is likely to see a considerable boost when the 2018 Commonwealth Games roll into town.

PRDnationwide national research manager Asti Mardiasmo said hosting games in the past had shown significant benefits to the host cities.

“We’ve tried to learn what happened in Sydney and Melbourne previously,” she said. “The main thing that we can see is that the benefit of the Commonwealth Games is not just felt in the year that the games are held, but it’s actually felt two, three, four years down the track. It’s actually quite sustainable down the track.”

Related infrastructure was expected to cost $950 million while the games were expected to inject a total of $2 billion into the local economy. “Having the Commonwealth Games will bring more attention to the Gold Coast . . . there’s more infrastructure, more commercial and more residential development about to happen.”

The 2000 Sydney Summer Olympics saw sales numbers increase 58% in suburbs surrounding the athletes’ village over 2001.

Likewise, after the 2006 Melbourne Commonwealth Games median prices in-creased at a rate of 9.52% in the following two years. Mardiasmo said something big was about to happen on the Gold Coast.

“There’s going to be so many developments happening in those suburbs. “The more there’s development in the Gold Coast the more benefit there will be. It’s spread out with some developments in the Coomera area all the way down to the Broadbeach area but there is also a concentration around that Southport area in the middle. “It signals potential growth in the future.”

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Westfield Jumps to Action on Coomera Town Centre January 16, 2015

WESTFIELD has scrambled to action this week, raising expectations that it is poised to announce a start to the long-awaited $1.5 billion Coomera Town Centre after the Newman Government vowed to finally upgrade the Exit 54 bottleneck on the M1.

A Westfield spokesman says the shopping centre giant has held a number of meetings this week following news of the road upgrade and an announcement on the start date will have to wait until after the January 31 election.

Transport Minister Scott Emerson unveiled plans for the $74 million upgrade which aims to ease congestion on roads that service Dreamworld to the east of the M1 and the burgeoning upper Coomera area to the west.

The existing network would have crumbled under the weight of the traffic expected from the proposed town centre development to be located along Foxwell Road. Coomera Town Centre will be a major regional centre competing against the might of Pacific Fair and Robina Town Centre with around 100,000sqm of retail space.

Westfield recently flagged a scaled-down version of the project pending the road upgrade, but the company spokesman did not comment on whether there has been a reconsideration of the size of the project in light of the upgrade. “Monday’s announcement of the intention to upgrade Exit 54 has removed a major impediment to the development at Coomera Town Centre,” says the spokesman from Scentre Group, which owns Westfield retail centres in Australia.

“Scentre Group will continue to work with various parties, including the State Government, post-election to determine details that include, among other things, the timing of the project’s commencement.”

A spokesman for the Transport Minister says the road upgrade will proceed under a re-elected Newman Government and that it is not subject to the leasing of government assets.

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Real Estate Institute of Queensland – Southeast Queensland House Market Leads the WaySeptember 13, 2014

Sales activity across Queensland over the June quarter was up across all property types, according to the Real Estate Institute of Queensland (REIQ). The REIQ Queensland Market Monitor for the June Quarter 2014 reveals increases in preliminary sales for house, units and townhouses. Vacant land sales were up an impressive 37 per cent. REIQ Acting CEO Antonia Mercorella said while the state’s total house sales were up across all price points, the upper end of the market continued to perform strongest.

“ Sales in the million dollar plus price point were up 28 per cent across Queensland, with an increase of 20 per cent in the $500,000-plus range,” she said.

“ Million dollar sales in the unit market also strengthened, with preliminary sales numbers across Queensland up around 10 per cent.”

Ms Mercorella said the increase in sales activity was predominantly recorded in the southeastern corner of the state.

“ The Brisbane Local Government Area led the charge with an increase of 19 per cent, closely followed by Logan, which was up 18 per cent,” she said.

“ Brisbane’s unusually robust winter sales look set to be replicated in a number of real estate markets throughout the State amid increasing demand, sales volumes and prices.

“ The strongest performing sectors of the Brisbane house market were at opposite ends of the spectrum, with increases in the sub-$350,000 and $1 million price brackets helping the city to its fifth consecutive quarter of growth.

“ On the Gold and Sunshine Coasts, sales activity remained relatively stable over the quarter amid rebounding confidence in both markets. The Gold Coast median house price rose three per cent to $515,000 over the June quarter, with median prices on the Sunshine Coast up 0.2 per cent to $468,000.”

Gold Coast’s Exit 54 upgrade finally gets the go aheadGold Coast Bulletin April 01, 2015

THE long delayed announcement of Exit 54 will go ahead after an announcement this morning by the State and Federal governments, paving the way for more than $1 billion in development and thousands of jobs to the city.

The former LNP Government made a deal with the Federal Government before the election to deliver the vital road project at Coomera. But the ALP would not sign up.

Today the $74.7 million plan will finally get over the line so that work can start on the upgrade, which will include two roundabouts with signalised intersections and a three-lane overpass. A loop ramp for northbound motorists is also part of the project and will connect the Coomera Town Centre and reduce traffic congestion at the intersections. Federal MP Bert van Manen has welcomed the news, indicating the handshake had been done several weeks ago.

“The new State Government is honouring a commitment that was made by the previous state government and the Federal Government,” he said. “I am stoked we have finally gotten to this point.

“Negotiations on this go back at least nine months.”

The intersection work will improve safety, cut congestion and allow major development to start — including the Coomera Town Centre. Forde MP Bert Van Manen is ‘stoked’ the upgrade is going ahead.

It is understood the work will be funded by the State Government, which has promised $47.4 million, the Federal Government, which is putting in $10 million, and Coomera Town Centre developers Westfield and QIC, which are contributing $17.3 million. The work is due to be complete in late 2016 or early 2017.

Both the $500 million first stage of the town centre and a large residential development located nearby were put on ice because of the badly needed road project. The town centre will include a large shopping centre, cinema, two-level department store and artificial beach.

Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said construction on Stage 2 of the interchange upgrade will begin later this year.

“The announcement today of the funding partnership between the federal and state governments, along with the developers of the Coomera Town Centre, will see work commence on reducing congestion through this busy interchange,” Mr Truss said.

“Final design work is expected to be completed in the coming months, with construction to start soon after. All going to plan, the upgrade will be completed in late 2016, in time for the opening of the new Coomera Town Centre.”

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King’s Christian College opens campus at PimpamaGold Coast Bulletin June 10, 2015

THEY might only be aged eight or nine, but the senior students at the new King’s Christian College campus at Pimpama are already taking their roles very seriously.

The Year 3 students will continue to be the oldest students on the grounds as enrolment grows. Ayla Garaty said she and her 11 classmates were already speaking at assemblies and buddying-up with Prep students since classes began in January.

“ We will be the oldest every year we are at school and that makes us very excited and happy,” she said.

“ It is up to us to be the leaders and we are already learning how to be role models, peacemakers and how to speak nicely to others — and at events.”

Education Minister Kate Jones officially opened the campus yesterday, which currently caters for Prep to Year 3 but will add a new grade every year.

“ Pimpama has been identified as a major growth area of the Gold Coast and I think King’s has built right on the cusp of when the area needed another school,” she said.

Principal Rees Davis said the school held a meeting with the Block Grant Authority yesterday to discuss the next stage of development.

Work on the initial $9 million project was finished in November.

The Year 3 class at the new school celebrate the official opening. Photo: Tim Marsden Source: News Limited

Education minister Kate Jones opened the campus at Pimpama yesterday. Source: News Limited

Year 3 students Josh Day and Ayla Garaty outside the school.

Source: News Limited

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Redevelopment of Darlington Park Raceway at Yatala to be Coast’s largest industrial projectFrom: Gold Coast BulletinJune 09, 2015

Aerial of the Empire Industrial Estate at Yatala that is being developed by the Stephens Group. Source: Supplied

THE former Darlington Park Raceway at Yatala is being transformed into a massive industrial hub which will pump $1 billion into the Gold Coast economy.

The 127ha Empire Industrial Estate being launched today is the largest industrial project on the Gold Coast and one of the largest in Queensland.

The estate will ultimately comprise about 250 buildings and provide up to 5000 much-needed new jobs.

The project, to be rolled out over the next decade, will unlock an enormous opportunity for a raft of major commercial and industrial operators who are already lining up to open their national headquarters in the precinct.

The development, in the heart of the Yatala Enterprise Area, is the brainchild of The Stephens Group, a private, family-owned company.

Managing director Tony Stephens said the launch of the massive estate was the realisation of a dream the company has had since the early 1980s when his father, Tony, bought the site.

“ We are committed to creating a state-of-the-art industrial hub with architect-designed buildings, a green space conservation corridor and leading-edge planning and infrastructure,” Mr Stephens said.

“ The Gold Coast is largely known for its tourism sector, the theme parks, the Hinterland and highrises but our economy is much more diverse than that.

“ The Empire Industrial Estate is a prime example of what our city’s potential really is.”

He said the estate’s strategic location close to the M1 motorway between the Gold Coast and Brisbane was ideal for attracting businesses nationally.

The Caterpillar Logistics centre and Cope Sensitive Freight are anchor tenants, with Caterpillar already operating from an $80 million 60,000sq m warehouse on a 20ha site and Cope, Australia’s largest independent specialist sensitive-freight carrier, finalising a new 3.6ha distribution centre.

“ We are speaking to a range of companies nationally that want to establish a base in southeast Queensland and we are totally committed to creating an industrial hub that is one of the best in the country,” Mr Stephens said.

“The dream is to see this estate evolve into an asset the entire city can be proud of and reap economic benefits from.”

Tony Stephens and younger brother Phil Stephens, of the Stephens Group, which is behind the Empire Industrial Estate at Yatala. Source: Supplied

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Pacific Fair’s $670m revamp set to make Broadbeach shopping centre a must-see destinationFrom: Lucy Ardern, Gold Coast Bulletin December 19, 2013 SHOPPERS will be lured back to ‘bricks and mortar’ retailers from online shopping when the $670 million transformation of Pacific Fair is complete, according to its owner AMP Capital.

Yesterday AMP Capital shopping centres managing director Bryan Hynes said the aim of the Broadbeach redevelopment, which would kick off on January 13, was to create a new destination that people around the world talked about.

“We want to restore this to be not just the best centre in Queensland, but the best in Australia,” he said.

“It will become an icon in this country when it is complete.” Mr Hynes said just having shops was not enough to deliver customers to centres these days - they wanted to be entertained as well. “Shopping is not enough anymore,” he said.

“They can shop from the comfort of their own homes these days, so you have to give them more reasons than that to head out. This centre will be one of a new generation of shopping precincts when it is complete.”

The finalised plans for Pacific Fair released by AMP Capital yesterday showed an upmarket and significantly expanded shopping area, which retains its outdoor focus and features several pool areas. The new section will be integrated with the existing development thanks to a two-level mall that connects them.

To make it onto the list of the world’s best shopping centres the revamped Pacific Fair will have to top Sunway Pyramid in Malaysia, which has a giant pyramid and lion as part of its design, the giant Istanbul Cehavir Shopping and Entertainment Centre in Istanbul, which boasts a rollercoaster ride, and the Mid Valley Mega Mall in Malaysia, which has a convention centre and hotel attached.

Pacific Fair will measure almost 150,000sq m when it is complete after 46,500sq m of retail space and about 100 speciality stores are added. Mr Hynes said a deal had been done this week with Westfield Design and Construction to build the development. The project will be create 1600 construction jobs and when the expanded centre is open, an extra 950 retail staff will be needed. The redevelopment of Pacific Fair was first talked about six years ago, but it was not until AMP Capital became the sole owner of the shopping centre last year that the project was given the green light.

YESTERDAY: A CONTRACT was signed this week paving the way for the three-year redevelopment of Pacific Fair shopping centre to start on January 13.

Today shopping centre owner AMP Capital announced the construction deal, which was done this week, and promised that the $670 million modern revamp would completely transform Pacific Fair.

Pacific Fair will grow in size by about 30 per cent to 150,000sq m, with about 100 new specialty stores added, along with expanded Coles, David Jones, Big W and Target stores. An extra 1300 car parks will also be available at the centre. AMP Capital shopping centres managing director Bryan Hynes said Pacific Fair would become one of the must-see shopping destinations not only in Australia, but throughout the world when the work was completed at the end of 2016.

“The Gold Coast is Australia’s number one tourism destination with more than 11.5 million visitors each year, so attracting tourists is a key focus for the centre,” he said.

“Pacific Fair will be a Gold Coast ‘must visit’ (site), with a five-star resort ambience and a unique indoor, outdoor environment reflecting the Queensland lifestyle.

“ ... This will appeal to tourists, however, it will also provide residents with a truly exceptional local destination for shopping, dining, leisure and entertainment.”

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Jupiters takes punt on rebuild to create Gold Coast’s answer to Casino RoyaleThe Courier-Mail August 13, 2014

THE Gold Coast’s Jupiters Casino is starting work on a $345 million makeover to stay ahead of the game in the race for Queensland’s gaming crown.

While up to three new casino licences could be granted across the state by early next year, Jupiters has the jump on the field, this week starting work on a major expansion that will include a new six-star hotel tower, a boulevard of restaurants and bars, and the transformation of the existing Broadbeach base.

The project is expected to be finished by late 2017 – at least six months before the city hosts the 2018 Commonwealth Games. Jupiters faces competition on the Gold Coast as another consortium seeks to enter the market, while parent company Echo is also locked in a battle with James Packer for a casino licence in Brisbane.

In the state’s far north, developer Aquis is seeking Queensland’s third new casino licence, but those projects are still awaiting approval from the State government, which is not expected to be granted until early next year.

The start of work at Jupiters gives Echo an early edge over ASF, a Chinese-backed consortium planning a massive resort, cruise ship terminal and casino in the Southport Broadwater. However, Echo’s Queensland managing director Geoff Hogg said rival projects did not influence the decision to push the button on the Jupiters revamp.

“Our focus is on what we can control and manage,” he said. “We’re confident that this project will be a major tourism drawcard for the Gold Coast and that should have positive flow-on effects for any other businesses.

“This is an extremely exciting project for Jupiters and for the Gold Coast.”

Echo is also locked in a race with Packer for the approval of an integrated resort development at Queens Wharf in Brisbane, but Mr Hogg said it was not appropriate to comment while that project is being assessed by State government planners. The first phase of the Jupiters redevelopment, which will include a new resort pool, bar and outdoor dining terrace, should be finished by the end of the year while the gradual, but complete refurbishment of the building’s 592 existing hotel rooms is expected to take most of next year.

Preliminary works on the new luxury tower hotel should start before Christmas this year. The project is expected to be finished by late 2017 – at least six months before the city hosts the 2018 Commonwealth Games.

Artist’s impression of Jupiters Hotel & Casino’s planned Suite Tower pool deck by night. Source: News Corp Australia

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