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information kit


The last piece – of South Bank at a glance – A residential, commercial and retail development on the last remaining land within South Bank.

More to the point, this world-class development will redefine how you live. It all begins as you enter the building. Having been greeted by Emporium Hotel’s friendly staff, your own private oasis awaits. Featuring state of the art security, take the residents-only lift, and open up to Brisbane’s most breathtaking view.

Southpoint will take transit-oriented development to a new level for our river city. This iconic development incorporates A-Grade commercial offices, premium apartments, a unique luxury boutique hotel, and destination shopping around heritage-listed Collins Place.

It’s the unrivaled location, attention to detail, and commitment to service that will make Southpoint not only the last piece of South Bank, but the best.

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location

South Bank – Where the city comes to life

– This development offers something truly unique: the opportunity to own part of South Bank.

– You’re in good company.

Whether you’re an owner-occupier or astute investor, this is one location with benefits that speak for themselves.

It’s a hub for commerce with many companies, including ABC, ASX-listed Thiess, Abi Group and Stockland choosing it as their headquarters. The worldrenowned Mater Hospital is nearby, and some of Brisbane’s best schools are a short distance away. It’s Southpoint’s location that will truly allow you to embrace and celebrate life in our city.

Neighbouring South Brisbane is home to some of the Brisbane’s most unique restaurants and bars.

Since World Expo ‘88, South Bank has been where Brisbane celebrates, relaxes, learns, and prospers. Universally loved by locals and visitors alike, South Bank is a rich tapestry on which life can play out.

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ARTS & ENTERTAINMENT

HAPPY & HEALTHY

There’s a reason the Brisbane Festival takes place in South Bank – it’s where Brisbane comes to celebrate! Whether it be world-class theatre, opera, music, or art, the precinct is one that surprises and delights on a constant basis. And with Australia’s most visited Art Gallery (GoMA) on your doorstep, you should happily expect some surprise guests from time to time.

With hectares of green space on your doorstep you’d be forgiven for canceling your gym membership. South Bank’s 5+ kilometres of bikeways and walkways will raise your pulse, whether it be a workout you desire, or just a leisurely stroll. Meander under the magnificent blooms of the Bougainvillea Arbour, roll along the river promenade, or lap it up at Australia’s only city beach – the choice is yours.

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Dine in or take away?

access to education

Italian or Turkish? Sushi or Tapas? Coffee or Cocktails? What will it be this week? They say variety is the spice of life, so instead of finding yourself a ‘local’, set yourself the challenge of finding a few? And when it’s the comfort of home you crave, you’ll have the option of 5-star room service at your call.

Whether you’re looking to study yourself or thinking about your kids future, Southpoint is set amongst a lifetime of education providers. From Brisbane State High School to Somerville House to St Lawrence’s College, secondary education is second to none. For tertiary education, Southpoint provides direct access to QUT via the Goodwill Bridge and is just a couple of stops over the Eleanor Schonell Bridge to UQ. With Griffith University Film School and Qld College of Art over the road, and South Bank Institute of Technology around the corner, you have all angles covered now and into the future.

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YOUR PLACE OF BUSINESS

INTEGRATED CONNECTIVITY

A wave of optimism is sweeping South Brisbane as it becomes the sought after locale for corporate office space. In one direction there’s the freshly built ABC Headquarters and recently expanded Brisbane Convention and Exhibition Centre, not to mention the major corporates who have established Grey Street as a business hub. In the other, you have the Mater Hospital and Queensland’s new Children’s Hospital, a $1.5bn project to improve Queensland’s child health services. Furthermore, you have Queensland’s largest employment node, the Brisbane CBD, located less than a kilometre away.

Live, work and play knowing you’re roughly 10 minutes to anywhere. Southpoint isn’t just connected – it’s integrated by design. The whole spectrum of transport options have been carefully considered for you, and with the South Bank Train Station nestled quietly below the building, not to mention ample car parking at your disposal, you’ll be spoilt for choice. So whether you prefer public transport or your own private means, the only thing likely to hold you up is the decision on where to go.

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location map MERIVALE ST

MERIVALE ST

KEY:

BRISBANE CONVENTION & EXHIBITION CENTRE (BCEC)

SOUTH BANK BUS STATION

KBR

COLLINS PLACE

SOUTH BANK CINEMAS

THIESS

CGU

GREY STREET

GREY STREET

GREY STREET

THE ARBOUR

PICNIC ISLAND

FORMAL GARDENS

RI VE R

ALL GAS HOUSE

SOUTH BANK THE HOUSE PLOUGH INN

BOAT POOL

RIVER QUAY GREEN

RIVERSIDE GREEN

STREETS BEACH M JO N E S P R O ME

RAIN BANK RAINFOREST GREEN

RIVER ROOM

QUEENSLAND ART GALLERY

WHEEL OF BRISBANE NEPALESE PAGODA

STATE LIBRARY OF QUEENSLAND

CULTURAL FORECOURT CLEM JONES PROMENADE

NADE

CULTURAL CENTRE PONTOON

RIVER LOOKOUT CRUISE TERMINAL

CITYCAT TERMINAL

FERRY TERMINAL

GALLERY OF MODERN ART (GoMA)

VICTORIA BRIDGE

UT) OQ LK T WA MIN 10 (ONLY BRIDGE

CLE

VISITOR CENTRE

HOPE ST

CULTURAL BUS STATION

THE ARBOUR

CENTRAL CAFES

AQUATIVITY

TRAIN

QUEENSLAND MUSUEM & SCIENCE CENTRE

QUEENSLAND PERFORMING ARTS CENTRE (QPAC)

PIAZZA

STANLEY STREET PLAZA

POLICE

Eat + Drink

Entertainment

Recreational

Commerce

Education

> River Quay Fine Dining Precinct

> South Bank Cineplex

> The Parklands

> ABC Headquarters

> Queensland College of Art

> Little Stanley Street casual eateries & takeaway

> Gallery of Modern Art

> Streets Beach

> Thiess, CGU, KBR

> College of Tourism & Hospitality

> Queensland Art Gallery

> Bikeways & walking paths

> South Bank Corporation

> South Bank Institute of Tafe

> Grey Street Cafes and Restaurants

> Courier Mail Piazza

> Abundance of BBQ facilities

> Queensland Performing Arts Centre

> Brisbane Convention & Exhibition Centre

> Queensland Conservatorium

> The Parklands Cafes and Restaurants

> Queensland Museum & Science Centre > State Library of Queensland

KURILP A BRID GE

QU AY

APARTMENTS

L THE GOODWIL

SIDON ST

MARITIME MUSUEM

ARBOUR VIEW CAFES

ABC

LITTLE STANLEY ABI GROUP

TAXI

PEEL ST

SIDON ST

MARITIME MUSEUM

THE SHIP INN

BIKE STATION

GREY STREET RUSSELL ST

QUEENSLAND COLLEGE OF ART

MEMORIAL PARK

BUS

GREY STREET QUEENSLAND CONSERVATORIUM

LITTLE STANLEY

CITYCAT

SOUTH BRISBANE RAILWAY STATION

RYDGES

MANTRA

SOUTHPOINT

MONTAGUE RD

VU LT UR ES T

SOUTH BANK INSTITUTE

MELBOURNE ST

SOUTH BRISBANE RAILWAY STATION

GLENELG ST

SOUTH BANK INSTITUTE OF TAFE ERNEST ST

TRIBUNE ST

COLLEGE OF TOURISM & HOSPITALITY


transport

By train

By Ferry

Buses

By Car

Walking & Cycling

Immediate access to South Bank and South Brisbane Train Stations – 2 stops to Brisbane Central and almost 300 city train connections daily.

3 minute walk to Ferry Terminal and 8 minute walk to 2 City Cat Terminals which offer over 130 ferry services along the Brisbane River daily, upstream as far as University of Queensland and downstream to Hamilton

Connect to the CBD by bus in under 10 minutes with immediate access to South Bank bus station.

Access to the M1 Motorway connecting you to the Gold Coast is less than a kilometre away. Arrive at Brisbane Domestic and International Airports in less than 20 minutes via the Go Between Bridge and M7 Airport Link.

Easy access to one of a planned 150 CityCycle bike sharing stations across the city. Around 5 kilometres of bike and walkways.

Catch the Airtrain from South Bank station to the domestic and international airports in around 30 minutes.

For a leisurely pace into the city, South Point is within easy distance of 3 cross-river walking bridges and less than 2 kms to the city heart’s Queen Street Mall.


Development Overview Stage One > 21 level building

Future Development > A Grade commercial offices

> Southpoint Residential Apartments and Residences

> Supermarket and retail shops > Refurbishment of heritage listed Collins Place

> Emporium Hotel, South Bank

First things first – Stage One Southpoint, Stage One will feature 15 levels of premium one, two and three bedroom apartments and Brisbane’s muchanticipated Emporium Hotel South Bank.

OVERVIEW > Meticulously designed 1, 2 and 3 bedroom apartments. > Perfect NE aspect for many apartments. > Designed for spacious living, to bring the outside in, and maximise view corridors. > All apartments have a view – choose between NE river and city view, or a view to Mt Coot-tha and beyond. > Ample car parking, with dedicated car parks for nearly all apartments. > High quality fixtures and fittings synonymous with Anthony John Group, the creators of the Emporium Hotel. > Privileged access for residents to the new Emporium Hotel South Bank and its world-class facilities. > Last opportunity for brand new apartments in South Bank.

Artist Impressions

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Inspired Design > The building design works to make the most of the sweeping city, river and mountain views. Cleverly, the lower levels will be occupied by car parking, affording an outlook for every apartment. The majority of apartments enjoy the NE view, while the remainder enjoy the view to Mt Coot-tha and beyond. > As pioneers of transit-oriented development, our foresight has empowered the design. The before-mentioned level configuration affords ample dedicated car parking for most apartment residents and visitors. > Premium finishes synonymous with the Anthony John Group and Emporium brands. > Southpoint residential apartments will consist of two cores, flanking a central core for the Emporium South Bank Hotel. This offers exclusive access to hotel facilities and services for Southpoint residents, including room service, gymnasium and pool, day spa, concierge and more. > Enjoy the warm welcome of concierge and valet parking, yet the privacy of an entry way and lifts for residents only.

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Apartment features > Perfect NE aspect for many apartments > Expansive living and dining areas taking in views > Views from all bedrooms > 40mm reconstituted stone benchtops in kitchen > Pullout pantry and smart storage options > State of the art kitchens with premium European stainless steel appliances (oven, gas cooktop, dishwasher, and rangehood) > Integrated fridge > Floor to ceiling glass maximises river city living > All bedrooms have natural light > Ducted air conditioning > Floor to ceiling tiles in bathroom > Frameless glass showerscreen > Feature mirrorwall and cupboards.

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Exquisite developments – Anthony John Group

Amenity has become a critical factor in modern life. No longer do we drive to the shops, preferring instead to call it a stroll. Having been early adopters of Transit Oriented Development in our market, we’ve helped to define the term ‘amenity’, and continue to redefine the way people live.

OUR PEOPLE The Anthony John Group boasts a team with expertise across all facets of property development including design, project management, construction, finance and marketing. Led by Tony John, the company’s passion for design excellence and solid understanding of market demand, means it consistently delivers viable projects of unparalleled quality. The Anthony John Group team prides itself on having the requisite strength and flexibility to respond rapidly to the market when trends or economic fundamentals change.

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OUR APPROACH

OUR DEVELOPMENTS

The Anthony John Group is largely focused on Transit Oriented Development (TOD) and has proven expertise in skilfully linking road, rail and bus transport with urban renewal mixed use development.

> The Emporium Complex, Fortitude Valley > 100 Brookes Street, Fortitude Valley > Rosalie Village, Rosalie > Southgate, Cannon Hill

Anthony John Group’s approach creates vibrant environments around major transport corridors, packed with wonderful facilities where people can live, work and play.

> East Village, Cannon Hill > The Barracks, Cannon Hill

The company’s deep understanding of the socio-economic principles underpinning TOD and, knowledge that it requires more than proximity to a transport hub to make it work, mean it has a long history of success in establishing lasting, thriving communities. Transit Oriented Development is a key policy of the South East Queensland (SEQ) Regional Plan and supports delivery of a range of key government priorities relating to climate change, housing affordability, congestion and health and physical activity.

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Style and service – are alive and well Emporium Hotel Brisbane was Queensland’s first luxury, boutique hotel, setting new standards in style and service. This was recently solidified when the Hotel won the award for Best Luxury Accommodation in Australia. Created, owned and operated by the Anthony John Group, Emporium is a name synonymous with quality. Those same standards will be in the DNA of the new Emporium Hotel South Bank, opening in 2016. It will be the centerpiece of the Southpoint development, and apartment residents as well as hotel guests will experience the unique service of Emporium hospitality.

Emporium Hotel 5 star facilities and services are available to Southpoint residents, including: > Concierge – Organizing everything from theatre tickets to limousine hire to fresh flowers > Gymnasium > Rooftop pool and recreational area > Emporium Hotel restaurants and bars > Business lounge and conference facilities > Day spa > Valet parking > In-apartment catering > Room service > 24-hour security

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An investment – in your lifestyle

– in peace of mind

For owner-occupiers, Southpoint offers a vibrant way to live. A canvas to make your own, yet the style and luxury that comes hand in hand with a boutique hotel. By no stretch of the imagination a ‘downsize’, Southpoint is a move to a finer, more enjoyable quality of life. A pool to swim in, not to maintain. Sweeping views, not dusty corners. Room service, to your home.

Ticking all the boxes – for you and for tenants > Last remaining land parcel, in a premium position > City and river vistas > Close proximity to CBD and efficient public transport > Ample Parking, and swift access to motorways and airports > Proximity to green space, cultural and recreational venue > Close to a major supermarket and destination retail > Proximity to excellent schools and places of higher education > Well established and quality neighbouring buildings

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Now is the – time to act Southpoint is the last development within South Bank itself.

RELEASE DATES Southpoint North > September 2013 > 91 x 1, 2 & 3 bedroom apartments

Southpoint South > June 2013 > 130 x 1, 2 & 3 bedroom apartments

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Image – Gallery


1 bedroom apartment - architect’s impression of living room and kitchen

View from Tribune Street - architects impression

View from South Bank Train Station - architects impression

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2 bedroom apartment living room and kitchen - architect’s impression

View from Tribune Street - architects impression

Bathroom for 1 & 2 bed apartments - architects impression

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South Core – city and river view Indicative view, level 6

Indicative view, level 13

Indicative view, level 21

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South Core – Mt Coot-tha view Indicative view, level 6

Indicative view, level 13

Indicative view, level 21

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North Core – mt coot-tha views Indicative view, level 6

Indicative view, level 13

Indicative view, level 17


North Core – southbank parklands Indicative view, level 7

Indicative view, level 13

Indicative view, level 19


North Core – city and river view Indicative view, level 7

Indicative view, level 13

Indicative view, level 19


Floor – Plans


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Site Plan FUTURE DEVELOPMENT (indicative)

STAGE 1

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


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Emporium Hotel Lobby GROUND FLOOR

While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


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Emporium Conference Level FIRST FLOOR

While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever.

All information and material is subject to change without notice.


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Residents’ Recreation Deck SIXTH FLOOR

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


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Rooftop Recreation Deck

While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE S01 – 1 bedroom – 1 bathroom – 1 car Internal area - 52m2 Balcony area - 2m2 Living - 6m x 3.9m Bed 1 - 3m x 2.9m River and /or city views

N Southpoint North

LEVEL 6 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE S02 – 1 bedroom – 1 bathroom – 1 car Internal area - 57m2 Balcony area - 2m2 Living - 6m x 4.5m Bed 1 - 3.1m x 2.8m River and /or city views

N Southpoint North

LEVEL 6 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE S03 – 2 bedroom – 2 bathroom – 1 car Internal area - 79m2 Balcony area - 12m2 Living - 5.4m x 3.8m Bed 1 - 3m x 3.2m Bed 2 - 3m x 3m River and /or city views

N Southpoint North

LEVEL 6 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE S04 – 2 bedroom – 2 bathroom – 1 car Internal area - 79m2 Balcony area - 12m2 Living - 5.3m x 3.8m Bed 1 - 3m x 3.2m Bed 2 - 3m x 3m River and /or city views

N Southpoint North

LEVEL 6 TO 11 LEVEL 17 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE S04A – 3 bedroom – 3 bathroom – 2 car Internal area - 159m2 Balcony area - 25m2 Living - 5m x 7.8m Bed 1 - 3.4m x 4m Bed 2 - 3m x 3.1m Bed 3 - 3m x 3m River and /or city views

N Southpoint North

LEVEL 12 TO 16

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE S05 – 2 bedroom – 2 bathroom – 1 car Internal area - 81m2 Balcony area - 11m2 Living - 5.5m x 4m Bed 1 - 3m x 3m Bed 2 - 3m x 3.1m River and /or city views Mt Coot-Tha views

N Southpoint North

LEVEL 6 TO 11 LEVEL 17 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE S06 – 2 bedroom – 2 bathroom – 1 car Internal area - 72m2 Balcony area - 11m2 (Balcony area 15m2 - level 6 only) Living - 4.9m x 3.8m Bed 1 - 3.1m x 3.1m Bed 2 - 3m x 3m Mt Coot-Tha views

N Southpoint North

LEVEL 6 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE S07 – 2 bedroom – 2 bathroom – 1 car Internal area 72m2 Balcony area 12m2 (Balcony area 23m2 - level 6 only) Living - 6.1m x 3.8m Bed 1 - 3m x 3m Bed 2 - 3m x 3m Mt Coot-Tha views

N Southpoint North

LEVEL 6 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE S08 – 1 bedroom – 1 bathroom Internal area 51m2 (Balcony area 5m2 - level 6 only) Living - 6.1m x 4m Bed 1 - 3.1m x 3m Mt Coot-Tha views

N Southpoint North

LEVEL 6 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE S09 – 1 bedroom – 1 bathroom Internal area 53m2 (Balcony area 6m2 - level 6 only) Living - 5.5m x 4.4m Bed 1 - 3.0m x 2.8m Mt Coot-Tha views

N Southpoint North

LEVEL 6 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE N02 – 2 bedroom – 2 bathroom – 2 car (tandem) Internal area - 93m2 Balcony area - 17m2 Living - 6m x 4m Bed 1 - 3.5m x 3.2m Bed 2 - 3.0m x 3.0m Bed 2

River and /or city views

Bed 1

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South Core

LEVEL 6 TO 9

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE N03 – 2 bedroom – 2 bathroom – 2 car (tandem) Internal area - 87m2 Balcony area - 17m2 (level 6 - 23m2) Living - 5.9m x 4m Bed 1 - 3.2m x 3.1m Bed 2 - 3.0m x 3.0m River and /or city views Bed 2

Bed 1

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South Core

LEVEL 6 TO 9

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE N04 – 1 bedroom – 1 bathroom – 1 car (levels 11 -16 only) Internal area - 53m2 Balcony area - 5m2 (level 6 only) Living - 5.1m x 3.9m Bed 1 - 3.1m x 2.8m Mount Coot-Tha views

South Core

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LEVEL 6 TO 16

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE N05 – 1 bedroom – 1 bathroom – 1 car (levels 11 -16 only) Internal area - 52m2 Balcony area - 5m2 (level 6 only) Living - 5.9m x 4.1m Bed 1 - 3m x 3m Mount Coot-Tha views

South Core

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LEVEL 6 TO 16

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE N06 – 2 bedroom – 2 bathroom – 1 car Internal area - 72m2 Balcony area - 10m2 Balcony area - 21m2 (level 6 only) Living - 5.9m x 3.8m Bed 1 - 3.2m x 3.1m

Bed 2

Bed 2 - 3m x 3m Mount Coot-Tha views

Bed 1

South Core

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LEVEL 6 TO 16

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE N07 – 2 bedroom – 2 bathroom – 1 car Internal area - 80m2

Bed 2

Balcony area - 10m2 Balcony area - 18m2 (level 6 only) Living - 6.8m x 4m Bed 1 - 3.4m x 3.3m Bed 2 - 3.6m x 3m Mount Coot-Tha views

Bed 1

South Core

N

LEVEL 6 TO 16

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE N08 – 2 bedroom – 2 bathroom – 1 car Internal area - 75m2 Balcony area - 14m2 Balcony area - 15m2 (level 6 only) Living - 5.7m x 4.4m Bed 2

Bed 1 - 3.2m x 3.2m Bed 2 - 3m x 3m

Bed 1

N

South Core

LEVEL 6 TO 9

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE N1002 – 2 bedroom – 2 bathroom – 2 car (tandem) Internal area - 95m2 Balcony area - 20m2 Living - 6m x 4m Bed 1 - 3.3m x 3.2m Bed 2 - 3.1m x 3m River and /or city views Bed 2

Bed 1

N

South Core

LEVEL 10

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE N1703 – 2 bedroom – 2 bathroom – 2 car (tandem) Internal area - 84m2 Balcony area - 18m2 Living - 6m x 4.2m Bed 1 - 3.5m x 3.2m Bed 2

Bed 2 - 3m x 3m Mount Coot-Tha views

Bed 1

South Core

N

LEVEL 17 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


APARTMENT TYPE N1704 – 2 bedroom – 2 bathroom – 2 car (tandem) Internal area - 79m2 Balcony area - 13m2 Living - 5.3m x 3.8m Bed 1 - 3.5m x 3.2m Bed 2 - 3m x 3m

Bed 2

Mount Coot-Tha views

Bed 1

South Core

N

LEVEL 17 TO 20

Plan not to scale, furniture not included. While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale. Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.


LEVEL 6 TO 9

N Bed 1

any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.

Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to

an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale.

While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which

Plan not to scale Furniture not included

South Core

City and/or River Views - NE Aspect

Bed 3 - 3.3m x 3.2m

Bed 2 - 3.3m x 3m

Bed 1 - 3.9m x 3.6m

Living - 7.3m x 5m

Balcony area - 20m2

Internal area - 141m2

3 Bedroom 2.5 Bathroom 2 Car (tandem)

The Residences – Type N01

Bed 3

Bed 2


LEVEL 11 TO 16

N

Bed 1

any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.

Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to

an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale.

While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which

Plan not to scale Furniture not included

South Core

City and River Views - NE Aspect

Bed 3 - 3.4m x 3.1m

Bed 2 - 3.8m x 3.1m

Bed 1 - 5.9m x 3.9m

Living 2 - 4.6m x 3m

Living 1 - 7m x 5m

Balcony area - 25m2 (Level 11 - 56m2)

Internal area - 205m2

3 Bedroom 2.5 Bathroom 2 Car

The Residences – Type N1201

Bed 2

Bed 3


LEVEL 11 TO 16

N Bed 1

any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.

Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to

an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale.

While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which

Plan not to scale Furniture not included

South Core

City and River Views - NE Aspect

Bed 3 - 3m x 3m

Bed 2 - 3.2m x 3m

Bed 1 - 4m x 4m

Living - 7.1m x 5.2m

Balcony area - 26m2 (Level 11 - 37m2)

Internal area - 161m2

3 Bedroom 2.5 Bathroom 2 Car

The Residences – Type N1202

Bed 2

Bed 3


any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.

Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to

an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale.

While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which

Plan not to scale Furniture not included

City and River Views - NE Aspect

Bed 3 - 3.1m x 3m

Bed 2 - 3.4m x 3m

Bed 1 - 6.2m x 4.1m

Living 2 - 4.8m x 3.4m

Living 1 - 8.5m x 5m

Balcony area - 42m2

Internal area - 246m2

3 Bedroom + Study 2.5 Bathroom 3 Car

The Residences – Type N1701

Bed 1

South Core

Bed 3

N

LEVEL 17 TO 20

Bed 2


Bed 1

any party whatsoever that relies upon anything contained in this document for any reason whatsoever. All information and material is subject to change without notice.

Subject to any statutory limitation, none of AJG Southpoint Pty Ltd ACN 128 719 764 or any or its subsidiaries, employees or agents will be responsible or liable in any way to

an interested party is entitled to rely. All illustrations, drawings and photographs are for professional presentation purposes, are indicative only and not necessarily to scale.

While every care has been taken in the preparation of this plan, the particulars and information in it are not to be construed as containing any representations upon which

Plan not to scale Furniture not included

City and River Views - NE Aspect

Bed 3 - 3.2m x 3.1m

Bed 2 - 3m x 3m

Bed 1 - 5.7m x 4.5m

Living 1 - 9m x 5m

Balcony area - 35m2

Internal area - 212m2

3 Bedroom + Study 2.5 Bathroom 3 Car

The Residences – Type N1702

South Core

Bed 3

Bed 2

LEVEL 17 TO 20

N


Schedule of – Finishes


Typical 1 & 2 Bed Apartments – schedule of finishes KITCHEN

BEDROOMS

>> Bosch

>> Wool-blend

stainless-steel appliances, including oven, gas cooktop, 600mm rangehood and 600mm dishwasher

>> Integrated

reconstituted stone benchtops with feature laminate splashbacks

>> Polished

chrome tapware

BATHROOMS >> Ceramic-tiled >> Acrylic

floors and walls

bath (where applicable)

>> Semi-frameless

glass shower screen

>> Wall-hung

vitreous china basin with sleek mirror cabinetry

>> Polished

wardrobe with hanging rails, shelving and mirrored doors

fridge

>> 40mm >> Tiled

carpet

>> Spacious

LAUNDRY >> Single

laundry tub

>> Polished >> Fisher

chrome tapware

and Paykel clothes dryer

GENERAL LIVING AREAS >> Vinyl

timber flooring

>> Acoustically >> Recessed

treated wall system

down lights

chrome tapware and accessories

Disclaimer: The use of any item specified in this schedule is subject to availability. The developer reserves the right to substitute any specified item with an item of similar finish or quality, or, make any necessary changes to the specified items during the course of construction.


SOUTHPOINT APARTMENTS Grey Street, Southbank Finishes Schedule 1 and 2 Bed Apartments – South Core APARTMENT COLOUR SCHEME SELECTION: (Select one scheme only) Oak Ash

General General Flooring Living Areas General Walls General Ceilings Skirting Architraves Lighting Kitchen Floor Benchtops Splashback Joinery Tapware Sink Appliances: - Oven - Cooktop - Rangehood - Dishwasher - Fridge Bathroom and Ensuite Floor Walls & bath upstand Ensuite bath Basin Tapware Toilet Suite Shower Screen Accessories Mirror cabinet

Vinyl timber planking Acoustically treated wall system with plasterboard lining and paint finish Painted plasterboard Timber with paint finish Timber with paint finish Recessed down light fittings Vinyl timber planking Reconstituted Stone Tiles Select laminate with melamine Polished chrome mixer Stainless steel European stainless steel European 600mm gas stainless steel European 600mm stainless steel European 600mm semi-integrated Integrated Fisher & Paykel Ceramic tiles Ceramic tiles Acrylic bath (where applicable) Wall hung vitreous china Polished chrome mixers In wall cistern with white vitreous china pan Semi-frameless glass Polished chrome Wall mounted with shelves


SOUTHPOINT APARTMENTS Grey Street, Southbank Finishes Schedule 1 and 2 Bedroom Apartments – South Core

Laundry Floors Walls Tub Tapware Clothes Dryer Bedrooms Floor Standard Robes

Vinyl timber planking Skirting tile with painted plasterboard Single laundry sink unit Polished chrome mixer Fisher & Paykel Wool blend carpet Mirrored robe doors with shelf unit and hanging rail


SOUTHPOINT APARTMENTS Grey Street, Southbank Inclusions List

Common Area Foyers and Corridors

Entry lobby and foyer

A combination of carpet, timber and/or large format stone tiles

Common Areas

Selected wool blend commercial grade carpet

General walls

Painted plasterboard

Ceilings

Painted plasterboard

Services Hot Water

Centralised hot water system

Air-Conditioning

Centralised fully ducted reverse cycle to living areas and bedrooms

Security

Integrated security system with proximity card controlling access to apartment common areas. Video intercom system to all apartments Access to electronically operated boom gate to car park

IT / Communications

Telephone points to bedrooms, living or entry and study (where applicable) Fibre optic cable to apartments for internet access Pre-wired connection point for Pay TV (Bed 1 and Living only) and freeto-air TV to living room and bedrooms


SOUTHPOINT APARTMENTS Grey Street, Southbank Inclusions List Basement Car park

Concrete slab with concrete or masonry walls Caged storage (where applicable) Car spaces numbered and line marked (where applicable)

Refuse & Recycling

A refuse room on each floor with chute located off the common lift lobby corridor Recycling trays located on each level in refuse room removed by building management

General Construction Floor

Concrete Slab

External Walls

Precast concrete panels with selected textured paint finish; concrete with paint finish; rendered masonry with paint finish; glazed windows or sliding doors

Roof

Metal roof with insulation where appropriate

External Glazing

Glazing with powder coated aluminium frame

Walls between apartments

Fire rated and acoustically treated wall with paint finish

Foyer entry doors

Swing security doors

Door Hardware

Selected quality lever handles

Lighting

Down lights

Balustrade

Glazed balustrade

Balconies

Selected ceramic tiles

Note: The use of any item specified in this schedule is subject to availability. The Vendor reserves the right to: - Substitute any specified item with an item of similar finish or quality ; or - Make any necessary changes to the specified items during the course of construction.


SOUTHPOINT APARTMENTS Grey Street, Southbank Finishes Schedule 1 and 2 Bed Apartments – North Core

General General Flooring Living Areas General Walls General Ceilings Skirting Architraves Lighting Kitchen Floor Benchtops Splashback Joinery Tapware Sink Appliances: - Oven - Cooktop - Rangehood - Dishwasher - Fridge Bathroom and Ensuite Floor Walls & bath upstand Bath Basin Tapware Toilet Suite Shower Screen Accessories Mirror cabinet

Vinyl timber planking Acoustically treated wall system with plasterboard lining and paint finish Painted plasterboard Timber with paint finish Timber with paint finish Recessed down light fittings Vinyl timber planking Reconstituted Stone Tiles Select & feature laminate with melamine internals Polished chrome mixer Stainless steel Bosch stainless steel Bosch 600mm gas stainless steel Bosch 600mm stainless steel Bosch 600mm semi-integrated Integrated Fisher & Paykel Ceramic tiles Ceramic tiles Acrylic bath (where applicable) Wall hung vitreous china Polished chrome mixers In wall cistern with white vitreous china pan Semi-frameless glass Polished chrome Wall mounted with shelves


SOUTHPOINT APARTMENTS Grey Street, Southbank Finishes Schedule 1 and 2 Bedroom Apartments – North Core

Laundry Floors Walls Tub Tapware Clothes Dryer Bedrooms Floor Standard Robes

Vinyl timber planking Skirting tile with painted plasterboard Single laundry sink unit Polished chrome mixer Fisher & Paykel Wool blend carpet Mirrored robe doors with shelf unit and hanging rail


SOUTHPOINT APARTMENTS Grey Street, Southbank Inclusions List

Common Area Foyers and Corridors

Entry lobby and foyer

A combination of carpet, timber and/or large format stone tiles

Common Areas

Selected wool blend commercial grade carpet

General walls

Painted plasterboard

Ceilings

Painted plasterboard

Services Hot Water

Centralised hot water system

Air-Conditioning

Centralised fully ducted reverse cycle to living areas and bedrooms

Security

Integrated security system with proximity card controlling access to apartment common areas. Video intercom system to all apartments

IT / Communications

Telephone point to bedrooms, living or entry and study (where applicable) Fibre optic cable to apartments for internet access Pre-wired connection point for Pay TV (Bed 1 and Living only) and freeto-air TV to living room and bedrooms


SOUTHPOINT APARTMENTS Grey Street, Southbank Inclusions List

Basement Car park

Concrete slab with concrete or masonry walls Car spaces numbered and line marked (where applicable)

Refuse & Recycling

A refuse room on each floor with chute located off the common lift lobby corridor

General Construction Floor

Concrete Slab

External Walls

Precast concrete panels with selected textured paint finish; concrete with paint finish; rendered masonry with paint finish; glazed windows or sliding doors

Roof

Metal roof with insulation where appropriate

External Glazing

Glazing with powder coated aluminium frame

Walls between apartments

Fire rated and acoustically treated wall with paint finish

Foyer entry doors

Swing security doors

Door Hardware

Selected quality lever handles

Lighting

Down lights

Balustrade

Glazed balustrade

Balconies

Selected ceramic tiles

Note: The use of any item specified in this schedule is subject to availability. The Vendor reserves the right to: - Substitute any specified item with an item of similar finish or quality ; or - Make any necessary changes to the specified items during the course of construction.


Premium 2 Bed Apartments – schedule of finishes KITCHEN

BEDROOMS

>> Bosch

>> Wool-blend

stainless-steel appliances, including 600mm oven, 900mm gas cooktop, 900mm rangehood, integrated microwave and 600mm dishwasher

>> Integrated >> 60mm

>> Two

reconstituted stone island bench mirrored splashbacks

chrome tapware

pac with feature laminate cabinetry

BATHROOMS >> Ceramic-tiled >> Acrylic

LAUNDRY >> Single

laundry tub

>> Polished >> Fisher

chrome tapware

and Paykel clothes dryer

GENERAL LIVING AREAS floors and walls

bath (where applicable)

>> Frameless

wardrobe with hanging rails, shelving and mirrored doors

fridge

>> Large-format >> Polished

carpet

>> Spacious

glass shower screen

>> Vinyl

timber flooring

>> Acoustically >> Recessed

treated wall system

down lights

>> Wall-hung

vitreous china basin with sleek mirror cabinetry

>> Polished

chrome tapware and accessories

Disclaimer: The use of any item specified in this schedule is subject to availability. The developer reserves the right to substitute any specified item with an item of similar finish or quality, or, make any necessary changes to the specified items during the course of construction.


SOUTHPOINT APARTMENTS Grey Street, Southbank Finishes Schedule Premium 2 Bed Apartments – North Core Apartment:

602, 603, 702, 703, 802, 803, 902, 903, 1002, 1703, 1704, 1803, 1804, 1903, 1904, 2003, 2004. (circle apartment number)

General General Flooring Living Areas General Walls General Ceilings Skirting Architraves Lighting Kitchen Floor Benchtops Splashback Joinery Tapware Sink Appliances: - Oven - Cooktop - Rangehood - Dishwasher - Microwave - Fridge Bathroom and Ensuite Floor Walls & bath upstand Ensuite bath Basin Tapware Toilet Suite Shower Screen Accessories Mirror cabinet

Vinyl timber planking Acoustically treated wall system with plasterboard lining and paint finish Painted plasterboard Timber with paint finish Timber with paint finish Recessed down light fittings Vinyl timber planking 60mm Reconstituted Stone Large format mirror panel 2 Pac & feature laminate with melamine internals Polished chrome mixer Stainless steel Bosch stainless steel Bosch 900mm gas stainless steel Bosch 900mm stainless steel or similar Bosch 600mm Bosch stainless steel integrated Integrated Fisher & Paykel Ceramic tiles Ceramic tiles Acrylic bath (where applicable) Wall hung vitreous china Polished chrome mixers In wall cistern with white vitreous china pan Frameless glass Polished chrome Wall mounted with shelves


SOUTHPOINT APARTMENTS Grey Street, Southbank Finishes Schedule Premium 2 Bedroom Apartments – North Core

Laundry Floors Walls Tub Tapware Clothes Dryer Bedrooms Floor Robes

Vinyl timber planking Skirting tile with painted plasterboard Single laundry sink unit Polished chrome mixer Fisher & Paykel Wool blend carpet Mirrored robe doors with shelf unit and hanging rail


SOUTHPOINT APARTMENTS Grey Street, Southbank Inclusions List

Common Area Foyers and Corridors

Entry lobby and foyer

A combination of carpet, timber and/or large format stone tiles

Common Areas

Selected wool blend commercial grade carpet

General walls

Painted plasterboard

Ceilings

Painted plasterboard

Services Hot Water

Centralised hot water system

Air-Conditioning

Centralised fully ducted reverse cycle to living areas and bedrooms

Security

Integrated security system with proximity card controlling access to apartment common areas. Video intercom system to all apartments

IT / Communications

Telephone point to bedrooms, living or entry and study (where applicable) Fibre optic cable to apartments for internet access Pre-wired connection point for Pay TV (Bed 1 and Living only) and freeto-air TV to living room and bedrooms


SOUTHPOINT APARTMENTS Grey Street, Southbank Inclusions List Basement Car park

Concrete slab with concrete or masonry walls Car spaces numbered and line marked (where applicable)

Refuse & Recycling

A refuse room on each floor with chute located off the common lift lobby corridor

General Construction Floor

Concrete Slab

External Walls

Precast concrete panels with selected textured paint finish; concrete with paint finish; rendered masonry with paint finish; glazed windows or sliding doors

Roof

Metal roof with insulation where appropriate

External Glazing

Glazing with powder coated aluminium frame

Walls between apartments

Fire rated and acoustically treated wall with paint finish

Foyer entry doors

Swing security doors

Door Hardware

Selected quality lever handles

Lighting

Down lights

Balustrade

Glazed balustrade

Balconies

Selected ceramic tiles

Note: The use of any item specified in this schedule is subject to availability. The Vendor reserves the right to: - Substitute any specified item with an item of similar finish or quality ; or - Make any necessary changes to the specified items during the course of construction.


LEGEND

3

Hardtwis Colour 1 Bathroom & Wall T 9 FloorVinyl Tim - Option ‘a’ GeoWhite Tarkett - Option10 b TBC.General W 2 Kitchen & Bathroom Dulux - N Subway Tiles 50/100 x 40 (Matt & GLoss Kitchen on 3 Bathroom Cupboard & Sp - Mirror 4 Laminex to kitchen joine Laminex - White Natural 5 Laminex to kitchen surro Cupboards Laminex - Oyster Linea 6 Bathroom Joinery Frame 1 Vinyl Timber Flooring to Living, Dining Nikpol& Kitchen Spaces (Oak special or similar) Light Ferrara Oa Ceasar Stone Top to Vani 2 General Wall Dulux 7 - Natural White PN1E1 (or similar) Ceasar Stone - Wild Rice 3 General Ceiling Dulux PN2E1to Bedroom 8 - Vivid White Carpet (or similar) Hardtwist Cut Pile Colour - Wainscott 9 Vinyl Timber Flooring to Tarkett - Snow Gum 10 General Wall & Ceiling Dulux - Natural White - P 1 40mm Reconstituted Stone benchtop -

Apartment Finishes 10 – “Oak” Scheme 7

living spaces

Kitchen

Wild Rice (or similar) 2 Laminate to kitchen surround, Overhead Cupboards, Study Benchtop, Screen Doors

D\4_Deliverables\D07 Presentations_Mktg\2013-05-07_SouthTower_Options\Interior finishes palette

& Bathroom Joinery Frame Laminex Seasoned Oak 458 (or similar) 3 Kitchen Splashback - Matrix Truffle F15 (or similar)

10 bedroom

1 General Wall Dulux - Natural White PN1E1 (or similar) 2 Carpet to Bedroom Hardtwist Cut Pile Colour - Wainscott (Leon or similar) 3 Sliding Screen Doors Laminex - Seasoned Oak 458 (or similar), (1 bedroom apartments only)

bathrooms

1 Bathroom Floor & Feature Wall - Pietra Del Nord - Sabbia Soft (or similar) 2 Bathroom Base Wall Tiles - Glazed Ceramic Tile

01 3 Bathroom Cupboard & ISSUE Splashback

Presentations_Mktg\2013-05-07_SouthTower_Options\Interior finishes palette

- Clear Mirror

Disclaimer: Whilst every care has been taken in the preparation of this document the Seller makes no representation as to its accuracy or completeness. The Seller may substitute any items without notification to the buyer.

34

ISSUE 01


LEGEND

3

Hardtwis Colour 1 Bathroom Floor & Wall T 9 Vinyl Tim - Option ‘a’ GeoWhite Tarkett - Option b TBC. 10 General W 2 Kitchen & Bathroom Dulux - N Subway Tiles 50/100 x 40 (Matt & GLoss Kitchen on 3 Bathroom Cupboard & Sp - Mirror 4 Laminex to kitchen joine Laminex - White Natural 5 Laminex to kitchen surro Cupboards Laminex - Oyster Linea 6 Bathroom Joinery Frame 1 Vinyl Timber Flooring to Living, Dining Nikpol- Light Ferrara Oa & Kitchen Spaces (Ash or similar) 7 Ceasar Stone Top to Vani 2 General Wall Dulux - Natural White PN1E1 (or similar) Ceasar Stone - Wild Rice 3 General Ceiling Dulux PN2E1to Bedroom 8 - Vivid White Carpet (or similar) Hardtwist Cut Pile Colour - Wainscott 9 Vinyl Timber Flooring to Tarkett - Snow Gum 10 General Wall & Ceiling Dulux - Natural White - P 1 40mm Reconstituted Stone benchtop -

Apartment Finishes 10 – “Ash” Scheme 7

living spaces

Kitchen

Alpine White (or similar) 2 Laminate to kitchen surround, Overhead Cupboards, Study Benchtop, Screen Doors

D\4_Deliverables\D07 Presentations_Mktg\2013-05-07_SouthTower_Options\Interior finishes palette

& Bathroom Joinery Frame Laminex Avignon Walnut (or similar) 3 Kitchen Splashback - Matrix Snowdrift F15 (or similar)

10 bedroom

1 General Wall Dulux - Natural White PN1E1 (or similar) 2 Carpet to Bedroom Hardtwist Cut Pile Colour - Montauk (Zamora or similar) 3 Sliding Screen Doors Laminex - Seasoned Avignon Walnut (or similar), (1 bedroom apartments only)

bathrooms

1 Bathroom Floor & Feature Wall - Geotech Stone - Geo Grey (or similar) 2 Bathroom Base Wall Tiles - Glazed Ceramic Tile

01 3 Bathroom Cupboard & ISSUE Splashback

Presentations_Mktg\2013-05-07_SouthTower_Options\Interior finishes palette

- Clear Mirror

Disclaimer: Whilst every care has been taken in the preparation of this document the Seller makes no representation as to its accuracy or completeness. The Seller may substitute any items without notification to the buyer.

35

ISSUE 01


wine and drinks fridge

Disclaimer: The use of any item specified in this schedule is subject to availability. The developer reserves the right to substitute any specified item with an item of similar finish or quality, or, make any necessary changes to the specified items during the course of construction.

and timber veneer joinery

> Two-pac

splashbacks

chrome tapware

> Polished

> Mirror-tiled

and stainless-steel benchtops

> Vintec

> Stone

and Paykel glass dishwasher

> Fisher

appliances, including oven, steam oven, warming drawer, cooktoop, rangehood, microwave and dishwasher

> Gaggenau

KITCHEN

The Residences – schedule of finishes composite freestanding bath

> Stone

robe with mirrored doors

veneer walk-in robe

> Standard

> Timber

> Wool-blend

carpet

chrome tapwear and accessories

china basins

BEDROOMS

> Polished

> Vitreous

glass showerscreen

stone benchtops

> Frameless

and glazed ceramic-tiled walls

> Select

> Gas

down lights fireplace (selected apartments only)

> Recessed

treated wall system

flooring > Acoustically

> Timber

GENERAL LIVING AREAS

and Paykel clothes dryer

chrome tapware

laundry tub > Polished

> Drop-in > Fisher

floor ceramic-tiled walls

> Stone-tiled

> Stone

> Glazed

LAUNDRY

> Stone-tiled

floor

BATHROOMS


SOUTHPOINT APARTMENTS Grey Street, Southbank Finishes Schedule 3 Bed Apartments – North Core Apartments:

601, 701, 801, 901, 1001, 1101, 1102, 1201, 1202, 1301, 1302, 1401, 1402, 1501, 1502, 1601, 1602, 1701, 1702, 1801, 1802, 1901, 1902, 2001, 2002. (circle apartment number)

General General Flooring Living Areas General Walls General Ceilings Skirting Architraves Lighting Fireplace Kitchen Floor Benchtops Splashback Joinery Tapware Sink Appliances: - Oven - Steam Oven - Warming drawer - Cooktop - Rangehood - Microwave - Dishwasher - Glass Dishwasher -

Wine & Drinks Fridges

Timber flooring Acoustically treated wall system with plasterboard lining and paint finish Painted plasterboard Timber with paint finish Timber with paint finish Recessed down light fittings Gas fireplace in living room (Apts 1001 to 2001 only) Timber flooring Selection of stone and stainless steel Mirror tiles 2 Pac & timber veneer Polished chrome mixer Stainless steel Gaggenau stainless steel Gaggenau stainless steel Gaggenua stainless steel Gaggenau 900mm gas stainless steel Gaggenau stainless steel or similar Gaggenau fully integrated Gaggenau 600mm semi-integrated Integrated Fisher & Paykel (Apts 1001 to 2001 & 1702 to 2002 only) Vintec or similar


SOUTHPOINT APARTMENTS Grey Street, Southbank Finishes Schedule 3 Bedroom Apartments – North Core

Ensuite Floor Walls Ensuite bath Basin Tapware Toilet Suite Shower Screen Accessories Joinery Benchtop Mirror cabinet Bathroom Floors Walls Basin Tapware Toilet Suite Shower Screen Accessories Mirror Cabinet Powder Room Floors Walls Basin Tapware Toilet Suite Laundry Floors Walls Tub Tapware Clothes Dryer Bedrooms Floor Walk in Robes Standard Robes

Stone tiles Stone tiles Stone composite freestanding bath Underslung vitreous china Polished chrome mixers In wall cistern with white vitreous china pan Frameless glass Polished chrome Timber veneer Select stone Wall mounted with shelves Stone tile Glazed ceramic tile Wall hung vitreous china Polished chrome mixer In wall cistern with white vitreous china Frameless glass Polished Chrome Wall mounted with shelves Stone tile Glazed ceramic tile Wall hung vitreous china Polished chrome mixer In wall cistern with white vitreous china Stone tile Glazed ceramic tile Single drop in laundry sink Polished chrome mixer Fisher & Paykel Wool blend carpet Timber veneer joinery Mirrored robe doors with shelf unit and hanging rail


SOUTHPOINT APARTMENTS Grey Street, Southbank Inclusions List

Common Area Foyers and Corridors

Entry lobby and foyer

A combination of carpet, timber and/or large format stone tiles

Common Areas

Selected wool blend commercial grade carpet

General walls

Painted plasterboard

Ceilings

Painted plasterboard

Services Hot Water

Centralised hot water system

Air-Conditioning

Centralised fully ducted reverse cycle to living areas and bedrooms

Security

Integrated security system with proximity card controlling access to apartment common areas. Video intercom system to all apartments

IT / Communications

Telephone point to bedrooms, living or entry and study (where applicable) Fibre optic cable to apartments for internet access Pre-wired connection point for Pay TV (Bed 1 and Living only) and freeto-air TV to living room and bedrooms Home automation (CBUS system or similar), with basic lighting control


SOUTHPOINT APARTMENTS Grey Street, Southbank Inclusions List Basement Car park

Concrete slab with concrete or masonry walls Caged storage (where applicable) Car spaces numbered and line marked

Refuse & Recycling

A refuse room on each floor with chute located off the common lift lobby corridor

General Construction Floor

Concrete Slab

External Walls

Precast concrete panels with selected textured paint finish; concrete with paint finish; rendered masonry with paint finish; glazed windows or sliding doors

Roof

Metal roof with insulation where appropriate

External Glazing

Glazing with powder coated aluminium frame

Walls between apartments

Fire rated and acoustically treated wall with paint finish

Foyer entry doors

Swing security doors

Door Hardware

Selected quality lever handles

Lighting

Down lights

Balustrade

Glazed balustrade

Balconies

Selected ceramic tiles

Note: The use of any item specified in this schedule is subject to availability. The Vendor reserves the right to: - Substitute any specified item with an item of similar finish or quality ; or - Make any necessary changes to the specified items during the course of construction.


Market Outlook – Summary


RESIDENTIAL MARKET & ECONOMIC OUTLOOK south brisbane & south bank


executive summary

south bank key insights

PAGE

key Insights south bank

03

Lifestyle and culture meet inner city living

The South Bank precinct has over 10 million visitors each year, combining lush parklands and awarded urban design to create a world class Inner City sanctuary.

lifestyle & amenity

PAGE

04

South Bank and its precincts offer dining, entertainment, cultural and lifestyle options within one kilometre of Brisbane’s CBD.

infrastructure & investment

PAGE

06

South Brisbane has seen an investment of over $2.8 billion in infrastructure, with a further $2.56 billion planned for investment within the area for Health, Transport and Education.

sales analysis

10

PAGE

PAGE

rental analysis

11

300,000 m2

of commercial office space

PARKLANDS

CULTURE

Lush parklands provide green open spaces to relax, and a packed calendar of community events means there is always something new to visit and enjoy.

Creativity flourishes within the Cultural Precinct, with Queensland’s premier arts venues hosting ever-changing exhibitions from around the world.

EXERCISE

ENTERTAINMENT

Run or cycle alongside the river and connect to the city via the Goodwill, Victoria or Kurilpa Bridges.

Live music, theatrical performances and a five screen cinema offer the full spectrum of entertainment options.

07

South Bank is host to recognised food and dining hotspots, including Little Stanley’s cosmopolitan strip and sophisticated River Quay fine dining.

Apartments within South Brisbane show a rental premium over Inner Brisbane apartments, with one bedroom apartments demonstrating a 7 per cent premium and two bedroom apartments demonstrating a 5 per cent premium.

FESTIVALS South Bank is the stage for the Brisbane Festival, so when Brisbane celebrates, whether it be Australia Day or New Year’s Eve, South Bank is central to all the action.

08

Home to a young professional demographic, South Brisbane has shown solid population growth to 2011, with this growth forecast to continue over the long term with an estimated 234 new dwellings required per year to 2031.

2 Urbis outlook

in infrastructure currently built or under construction

DINING

Across the river from Queensland’s largest employment node, the Brisbane CBD, South Brisbane offers employment diversity and growth potential, with 135,000 new jobs forecast to 2031 within South Brisbane and immediately surrounding suburbs.

economic fundamentals & demographics

$4.1 billion

PAGE

Apartments within South Brisbane have shown solid price growth over the past ten years, registering an average capital growth of 5.2 per cent since 2002. South Brisbane apartments currently represent a 19 per cent premium in median sales price over apartments in the wider Brisbane LGA.

PAGE

employment nodes

South Bank is an inviting and diverse lifestyle destination, positioned alongside the Brisbane River and overlooking the city skyline. Blossoming out of the World Expo 88 redevelopment that welcomed the world to Brisbane, South Bank remains a place that locals are proud to share.

Forming part of the thriving suburb of South Brisbane, South Bank has also seen significant investment in infrastructure and commercial spaces

This publication is prepared on the instruction of Anthony John Group by Urbis for a fee. This publication is not an opinion or representation by or on behalf of Anthony John Group and Anthony John Group accepts no responsibility for the content of the publication and any reliance upon it. This report does not represent financial or investment advice as the publication involves projections and assumptions that can be affected by a number of unforseen variables, any investment decision must allow for the risk that, the accuracy of the forecasts may be affected by incorrect assumptions or by known or unknown risks and uncertainties. It must also be remembered that past performance is not a reliable indication of future performance. The information in the publication 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. Neither Urbis nor Anthony John Group accepts any responsibility for the accuracy or completeness of this publication for your personal circumstances and you should take independent advice before making any decision to invest. The information is current as at the date of publication [April 2013] but subject to change without notice and Urbis andAnthony John Groupare under no obligation to contact recipients of this report to update the information or correct any assumptions or inaccuracies which may prove to be incorrect at a later date so any matter of particular interest should be checked prior to any decision to invest. 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 permission. Enquiries should be addressed to the publisher, Urbis.

© Urbis.COM.AU

© Urbis.COM.AU

Urbis outlook 3


south bank lifestyle & amenity

south bank lifestyle & amenity Little Stanley

The Parklands

The Parklands at South Bank offers an expansive green oasis and active public spaces, all overlooking the Brisbane CBD skyline. This unique asset offers residents and tenants a place to exercise and unwind. • Australia’s only beach in the middle of the city • Promenade Walkway and Bikeway • Network of green spaces connected by the Arbour • Lifestyle Market hosted weekly on Stanley Street • Open-air Piazza venue for live performances • Wheel of Brisbane as a modern day landmark • CityCat and Ferry Terminals

4 Urbis outlook

As one of Brisbane’s most widely recognised dining precincts, Little Stanley Street hosts a diverse selection of restaurants, cafés and bars, providing residents and tenants with a wide range of culinary options on their doorstep. • Over 20 restaurants • Range of bars and cafés • Eclectic boutiques featuring local and international brands

River Quay

An intimate riverside park sets the scene for Brisbane’s newest dining destination, offering residents and tenants world-class fine dining with stunning city views. • Contemporary dining experiences across five restaurants • Landscaped riverside park

© Urbis.COM.AU

Grey Street

The Grey Street boulevard connects South Bank to the Cultural Centre, offering the best of both worlds. This diverse intersection showcases a blend of entertainment, education and employment, as well as easy connectivity to the city and beyond. • Cinema complex with five-screens and casual dining precinct

Cultural Centre

As the leading arts precinct of Queensland, the Cultural Centre gives residents and tenants unsurpassed cultural amenity and direct access to the premier arts and performances spaces in Brisbane.

• Modern corporate offices generating local employment opportunities

• Queensland Performing Arts Centre (QPAC)

• Queensland Conservatorium staging regular music performances

• Queensland Art Gallery

• Two Train Stations and Two Busway Stations

• State Library of Queensland

© Urbis.COM.AU

• Gallery of Modern Art (GOMA) • Queensland Museum

Urbis outlook 5


infrastructure & investment

The newly completed Go Between Bridge, with a construction cost of $338 million, is the most recent of the six connections between South Brisbane and the CBD. These six bridges include the pedestrian Goodwill and Kurilpa Bridges, the Merivale Bridge for rail links, and the multi-modal Victoria Bridge connecting directly to Queen Street. Queensland Children’s Hospital Opening in late 2014, the new Queensland Children’s Hospital is a $1.2 billion project that will provide specialist paediatric care for children. Including 359 beds across 12 levels, the Hospital will greatly increase the health offering of South Brisbane, as well as generate significant new jobs in the health sector.

6 Urbis outlook

South Brisbane is home to quality schools such as Brisbane State High School, St Laurence’s College and Somerville House. Tertiary services are also present within the suburb, with the Southbank Institute of Technology; whilst the Queensland University of Technology is a short walk, and the University of Queensland a pleasant Citycat ride away. south brisbane infrastructure $3,000 $2,500 $2,000

$2.84b $426

$2.56b

$325

$617

MIXED USE HEALTH EDUCATION TRANSPORT CULTURAL

$1,483 $500 $0

$555 $100 Recently Completed

Commenced or Planned

South Brisbane 46,000 persons by 2031 = 24,000 new jobs Brisbane CBD

222,000 persons by 2031 = 91,000 new jobs

diversity of employment key employers & industries

Griffith University & Southbank institute of technology Education

$1,285

$1,000

Forecast Employment

South Brisbane has grown into a major white collar employment node and a new home for key employers, benefiting from its proximity to Queensland’s largest employment node, the Brisbane CBD. This has seen the development of cutting-edge commercial buildings, centred around the precincts of Grey and Melbourne Streets.

Thiess Engineering

$608

$1,500

employment nodes

Mater Hospital Health

INFRASTRUCTURE TIMING STATUS

Australian Broadcasting Company (ABC) Media Stockland Property queensland performance arts centre (QPAC) Creative Industries

Woolloongabba

35,000 persons by 2031 = 20,000 new jobs South Brisbane & Immediately Surrounding Precincts

total

Go Between Bridge

300,000 square metres of commercial office space within South Brisbane

Education

INFRASTRUCTURE INVESTMENT $ MILLION

Investment in infrastructure in South Brisbane is strong, with projects recently completed or under construction totalling $4.1 billion. A further infrastructure investment of $1.2 billion is planned for the near future.

employment nodes

303,000 persons by 2031 = 135,000 new jobs

Source: NIEir 2011, urbis

SOURCE: SOUTH EAST QUEENSLAND INFRASTRUCTURE PLAN AND PROGRAM, URBIS

© Urbis.COM.AU

© Urbis.COM.AU

Urbis outlook 7


Economic Fundamentals & demographics

Economic Fundamentals & demographics

80% HAMILTON CATCHMENT 2006 HAMILTON CATCHMENT 2011 BRISBANE LGA 2011

south brisbane

BRISBANE

$114B  9%

a 90% increase from today

$39B  3%

REST OF AUSTRALIA

REST OF QUEENSLAND

$1,029B  80%

$102B  8%

BRISBANE

outperform Australia until at least 2018-19

20%

Income Profile Earn $2,000+ per week

MILLION

JOBS IN 2012

JOBS IN 2031

50%

growth in jobs

$75K

Every Year to 2031

18,000

16,967

3.1M 2.1M

2.9M

BRISBANE

SOUTH-EAST QUEENSLAND

QUEENSLAND

Source: oesr, urbis

8 Urbis outlook

▶▶ 14,800 new dwellings needed

10,270

10,000 8,000 6,000 4,000 2,000 0

Every Year to 2031

▶▶ 40,000 new residents

12,000

Mo

6.6M

14,173

4,427

Mature e r

6,371

5,755

38% are aged 40-54

PROJECTED 534 NEW RESIDENTS PER ANNUM 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

4.3M

10% 8% 6% 4% 2% 0%

Neg or nil

$1 $199

$200 $299

$300 $399

$400 $599

$600 $799

$800 $999

$1,000 $1,249

$1,250 - $1,500 - $2000 $1,499 $1,999 or more

INCOME BRACKET

Source: ABS CENSUS DATA 2011

ealthy eW

40%

of household Incomes over $120,000

Couples y l st

45%

of households

thout kids wi

4.4M

NUMBER OF RESIDENTS

16,000 14,000

12%

South Bank Residents are…

south brisbane population

2011 (Actual) 2031 (Projected)

29% EARNING OVER $1,500 PER WEEK

14%

south bank

Source: oesr, urbis

Projected Population Growth (Medium Series)

of dwellings are Apartments

16%

Demographic that seeks Lifestyle Amenity & Employment Proximity

▶▶ 534 new residents ▶▶ 254 new dwellings needed

brisbane’s population

85%

SOUTH BRISBANE BRISBANE

18%

PREPARED BY: URBIS SOURCE : ABS CENSUS DATA 2011

2011-2031

2006-2011

Source: brisbane marketing

increase in Median Personal Income since 2006

5.6%

6.8%

income per cap

66.3%

of residents are Renters

26%

Average Annual Population Growth

MILLION

Demand for Density

15%

south brisbane’s population

1.5

Total Personal Income / Week

A High Income Demographic

brisbane’s employment

85 +

Top industries are ‘Professional Services’ &‘Health’

$114B  9%

▶ Queensland Economic Growth is set to

Source: brisbane marketing

1

AGE DISTRIBUTION PREPARED BY: URBIS SOURCE : ABS CENSUS DATA 2011

$102B  8%

REST OF AUSTRALIA

0%

are White Collar employees

REST OF QUEENSLAND

▶ The Brisbane Economy will reach $217 billion by 2031, $1,029B  80%

REST OF SOUTH EAST QUEENSLAND

85%

80 to 84

$39B  3%

9.2%

Only aged 14 and under

2% 75 to 79

Brisbane is rapidly emerging as a diverse and energised global city, with an economy valued at $114 billion in 2012.

4%

70 to 74

REST OF SOUTH EAST QUEENSLAND

6%

65 to 69

brisbane’s economy

are Professionals or Managers

8%

60 to 64

of residents aged between 20 to 34

53.5%

55 to 59

37%

10%

50 to 54

DWELLING TYPE

apartment

12%

45 to 49

terrace house, townhouse etc

Flat, unit or

Mo r

Semi-detached, row or

40 to 44

job profile

0%

35 to 39

In 2031, Brisbane will be regarded as a top ten lifestyle city and global hub for resource and related service industry businesses, with strong business and cultural links with Asia.

SOUTH SOUTHBRISBANE BRISBANE BRISBANE BRISBANE

37% AGED 20 TO 34

14%

30 to 34

age profile

10%

16%

25 to 29

20%

Separate house

Age Distribution

A Young Professional Demographic

Mo

30%

0 to 4

40%

20 to 24

Today, Brisbane is a leading destination for business and investment, major events and international education, rapidly emerging as Australia’s new world city.

15 to 19

Strong growth in Baby Boomer and Generation YIncreasing demographicEmpty could be attributed to Nester Hamilton’s higher Households proportion of density dwellings

5 to 9

50%

10 to 14

60%

PROPORTION OF POPULATION %

PROPORTION OF DWELLING

brisbane

PROPORTION OF RESIDENTS €%‚

70%

PERIOD ANNUAL PREPARED BY: URBIS SOURCE : ABS ESTIMATED RESIDENT POPULATION 2011, OESR PROJECTED POPULATION (MEDIUM SERIES) 2011

Source: oesr, urbis

Source:SOUTH BANK CORPORATION

© Urbis.COM.AU

© Urbis.COM.AU

Urbis outlook 9


sales analysis

rental analysis

The tightly held South Bank market creates a window of opportunity for investors Brisbane Apartment Market

South Brisbane Apartment Market

The median sale price for apartments within the Brisbane Local Government Area (LGA) was recorded at $390,500 over the preliminary December half year 2012, based on 1,131 settled transactions.

The median sale price for apartments in South Brisbane over the preliminary December half year 2012 was recorded at $465,000, based on 71 apartment settlements. Apartments in South Brisbane have shown steady price growth, with capital appreciation averaging 5.2% per annum over the last ten years. This sales cycle also includes all South Bank apartments and represents a 19 per cent premium over the wider Brisbane LGA median sales price of $390,500.

In general, 2012 was an interesting period for the Brisbane LGA apartment market with stabilised dwelling prices in the midst of international and domestic economic uncertainty. For many, property represented security as a long term investment, with the ten years ending December 2012 returning an average capital appreciation rate of 8.5% per annum. The Urbis Brisbane Apartment Insights developer surveys indicate that investors are returning to the Brisbane residential property market, realising that now presents an opportunity to capitalise on discounted dwelling prices and strong rental returns. The return of investors into the Brisbane residential market is expected to result in a record volume of new sales transactions into the first half of 2013, with a particular focus on regions that demonstrate robust economic fundamentals.

A focus on the South Bank precinct sub-market highlights a residential market that is tightly held, with minimal transaction activity over the past ten years. This precinct includes all residential apartments between Grey Street and the South Bank Parklands, as well as those bordered by Vulture Street and the Brisbane River to the east of the precinct. Transaction activity within the South Bank precinct makes up just 14 per cent of all South Brisbane transaction, totalling just 20 sales over the 12 months ending December 2012. This sub-market is expected to remain tightly held into the future, with only one development site remaining in the South Bank precinct meaning a limited opportunity to enter this market exists.

South Brisbane Apartment Sales Cycle

Brisbane LGA Apartment Sales Cycle

3,500

180 $450,000 $400,000

$300,000

2,000

$250,000

1,500

$200,000 $150,000

1,000

$100,000 500

HALF YEAR PERIOD PREPARED BY URBaIS SOURCE: RPDATA *DECEMBER 2012 IS PRELININARY DATA

10 Urbis outlook

2012 JUN

$0 2012 DEC

2011 JUN

2011 DEC

2010 JUN

2010 DEC

2009 JUN

2009 DEC

2008 JUN

2008 DEC

2007 JUN

2007 DEC

2006 JUN

2006 DEC

2005 JUN

2005 DEC

2004 JUN

2004 DEC

2003 JUN

2003 DEC

2002 JUN

2002 DEC

2001 JUN

2000 DEC

0

2001 DEC

$50,000

$465,000

A relatively limited dwelling supply, constrained by available land, should continue to see healthy competition for rental dwellings within South Brisbane, driving strong rental growth and rental premiums over comparable suburbs. The New Product vs. Existing Product graph highlights the premium new product within the South Brisbane Catchment has over the total existing stock (Residential Tenancy Authority data). New product, with data collated from agents’ advice and via on-the-market rentals, are currently indicating premiums of between 21 per cent (two bedroom product) and 48 per cent (one bedroom product) over the total existing stock.

High demand in South Brisbane is driving rental growth and a rental premium

$1,200

RTA SOUTH BRISBANE CATCHMENT NEW PRODUCT - ON THE MARKET RENTALS

$500,000

42%

$1,000 $400,000

120

$390,500

100

$300,000 80 $200,000

60

south brisbane on-the-market rental premium

$100,000

21%

$700 $600

PREPARED BY URBIS SOURCE: RPDATA *DECEMBER 2012 IS PRELININARY DATA

$500

48% RENTAL PREMIUM

$1,059

inner BRISBANE 2

$440

$578

$973

inner BRISBANE 2

7%

5%

9%

$400 $300 $200

TWO BEDROOM

THREE BEDROOM

NOTE: ALL NEW PRODUCT IS UNFURNISHED SOURCE: AGENT ADVICE, REALESTATE.COM.AU, RTA DEC 2012; PREPARED BY URBIS

© Urbis.COM.AU

$605

south brisbane weekly rental premium

RENTAL PREMIUM

ONE BEDROOM

HALF YEAR PERIOD

$473

$800

20 $0

SOUTH BRISBANE CATCHMENT 1

$900

40

0

The South Brisbane Catchment (including the suburbs of South Brisbane, West End and Highgate Hill) is currently seeing one bedroom apartments renting for an average of $473 per week, 8 to 21 per cent greater than comparable apartments within Fortitude Valley/Bowen Hills and Hamilton. Two bedroom apartments see a similar trend, renting for an average of $605 per week, 5 to 12 per cent greater than comparable apartments within Fortitude Valley/Bowen Hills and Hamilton, whilst three bedroom apartments within the South Brisbane Catchment are renting for an average of $1,059 per week, 9 per cent greater than comparable apartments within Hamilton.

RENTAL PREMIUM

$1,100

2000 DEC 2001 JUN 2001 DEC 2002 JUN 2002 DEC 2003 JUN 2003 DEC 2004 JUN 2004 DEC 2005 JUN 2005 DEC 2006 JUN 2006 DEC 2007 JUN 2007 DEC 2008 JUN 2008 DEC 2009 JUN 2009 DEC 2010 JUN 2010 DEC 2011 JUN 2011 DEC 2012 JUN 2012 DEC

2,500

NUMBER OF SALES

$350,000

$600,000

140

MEDIAN SALE PRICE

3,000

NUMBER OF SALES

160

With South Brisbane combining a mixture of high amenity and proximity to employment nodes, demand for dwellings within the precinct is understandably high.

SOUTH BRISBANE RENTAL PREMIUM NEW PRODUCT VS. EXISTING

MEDIAN SALE PRICE

NUMBER OF SALES MEDIAN SALE PRICE

NUMBER OF SALES MEDIAN SALE PRICE - SOUTH BRISBANE MEDIAN SALE PRICE - BRISBANE LGA

South Brisbane Rental Premium

© Urbis.COM.AU

1. South Brisbane Catchment includes West End and Highgate Hill 2. Inner Brisbane includes 17 suburbs within an approximate 5km radius of the Brisbane CBD Note: This Sample of On the Market rents was calculated using comparable propoerties. Properties were assessed based on their size, views, aspect and amenities Source : realestate.com.au; Urbis Rentals Database; Urbis; RTA DEC 2012

Urbis outlook 11


What is Structural Uplift? The positive impact a Master Planned Community can have on: ƒƒ Desirability of a precinct, ƒƒ Lifestyle quality of its residents ƒƒ Capital values of its own and surrounding property

Structural Uplift The Positive Impact of Master Planned Residential Developments

Urbis has undertaken research to investigate the impact that master planned mixed use developments may have on residents, communities, and residential property markets. This has involved an analysis of completed master planned mixed use developments and their measurable impact on demographics, capital values and community uplift. Broadly, the impacts of Structural Uplift can be split into three groups, each dependent on the scale of the development, the number of integrated uses and the capital investment required for development.

e

Criteria

a

ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ

l

Th

Single Use Development in di vid u

$ lower

Medium scale developments Single Use (Residential) Limited product range Dependence on surrounding amenity Dependence on surrounding infrastructure

Urban Multiple Use Development Th

e pio n e er

Criteria ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ

Medium/large scale developments Multiple Use (Residential, Retail, Commercial) Diverse product range Provision of basic amenity Provides basic support for surrounding infrastructure Possesses elements of Urban Design Possesses elements of walkability & connectivity Generally a catalyst for growth in the precinct

h

e

en

t i r e pa c k a

Criteria g

e

T

Large Scale Multiple Use Development ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ ƒƒ

Large scale developments Multiple Use (Residential, Retail, Commercial) Highly diverse product range High amenity provision Aligns with surrounding infrastructure Enables elements of traditional neighbourhoods High levels of Urban Design High levels of walkability & connectivity A Region changing catalyst for growth Site control limits fragmentation and increases development vision Provides critical mass to a precinct linked to Principles of Master Planned Communities

capital investment Greater Capital Investment can increase the potential to outperform the surrounding area for: ƒƒ Median price Growth ƒƒ Capital Value Growth ƒƒ Rental Growth

$ higher

This study has been prepared for the sole use of Anthony John Group Pty Ltd and is not to be relied upon by any third party for the purposes of financial investment without specific approval. 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 effect to ensure that the forecasts and assumptions are based on reasonable information, they may be affected by incorrect assumptions or by know or unknown risks and uncertainties. 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.

A Study of Structural Uplift and Master Planned Residential Developments

1


CRITERIA OF URBAN MIXED USE DEVELOPMENTS ƒƒ ƒƒ

Seven residential towers totalling 232 apartments 4 commercial buildings

Multiple Use Developments

ƒƒ

A mix of retail, commercial, and dwellings

Diverse Product ƒƒ Range

A range of apartment types and sizes ranging from 1 to 3 bedroom and dispersed in precincts

Provision of Basic Amenity

ƒƒ

A large mix of retail of all types, as well as community facilities all within the bounds of the development

Supports surrounding Infrastructure

ƒƒ

Pedestrian-friendly design that encourages a greater use of bicycles and walking as daily transportation, as well as proximity to bus connection to the CBD

Elements of Urban Design and Connectivity

ƒƒ

Pedestrian friendly street design and public realm makes walking pleasurable Most things within a 10-minute walk of home and work

ƒƒ

A Catalyst for Growth Quality of Life

In analysing The Emporium transactions and resales, the average capital growth of apartments has been compiled in the below table. The initial two years demonstrated the highest levels of annual growth, with an average holding period of approximately 4 years. Rate of growth per annum: 1 Year

2 Years

5 Years

10 Years

9.27%

10.97%

6.37%

5.1%

The Apartment Sales Cycle above identifies the median apartment price on an annual basis within Fortitude Valley (not including The Emporium sales), and The Emporium. The graph identifies the settlements of The Emporium apartments in 2002, as well as overlaying a number of key historic milestones both in the development of The Emporium as well as within the surrounding precinct. The Sales Cycle provides elements of how The Emporium has created structural uplift within Fortitude Valley. The chart identifies the median apartment price differentiation between The Emporium and Fortitude Valley, at an average price gap of 13 per cent per annum to the end of 2012. The median price differentiation between The Emporium and Fortitude Valley is partly due to the

$500,000

Taken together these add up to a high quality of life well worth living, and create places that enrich, uplift, and inspire the human spirit

EMPORIUM  MEDIAN SALES PRICE

$450,000

EMPORIUM COMMERCIAL 2 COMPLETION

FORTITUDE VALLEY  MEDIAN SALES PRICE EXCLUDING EMPORIUM

$400,000 $350,000 $300,000

HQ COMMERCIAL COMPLETION

433000

EMPORIUM SELL OUT

360000 AVERAGE EMPORIUM PREMIUM 13% EMPORIUM RETAIL FULLY LEASED

$250,000

EMPORIUM COMMERCIAL 1 COMPLETION

$200,000 $150,000

EMPORIUM RESIDENTIAL CONSTRUCTION COMPLETE

$100,000

2012

2010

2011

2009

2008

2007

2006

2005

2004

2003

2001

2000

1999

1998

1997

1995

2002

Start of Fortitude Valley Urban Renewal

$50,000 $0

EMPORIUM HOTEL COMPLETION

Emporium Official Launch

1994

The Emporium Solid returns and a catalyst for regeneration

ƒƒ

EMPORIUM AND FORTITUDE VALLEY 1993-2012

MEDIAN PRICE $

Urbis believes The Emporium development is a prime example of an Urban Mixed Use development, and has detailed key areas of sales performance and capital values below, as well as highlighting how The Emporium has satisfied the criteria for Urban Mixed Use development in the table above right.

Was the first residential development within the precinct, and an instigator of retail and commercial growth (section 3.4)

Apartment Sales Cycle - Time Series

Completed in early 2005, the Emporium development by Anthony John Group is now one of Brisbane’s most popular dining, retail and lifestyle centres. The development incorporated 232 apartments alongside a boutique luxury hotel and a varied selection of cafes, restaurants and top quality fashion retailers.

1993

A Pioneering Development

ƒƒ

1996

The Emporium

Medium / Large Scale Developments

PERIOD YEAR PREPARED BY URBIS SOURCE: RPDATA

range of apartment product transacting within the precinct, as well as the amenity provided within the development. The precinct immediately surrounding The Emporium has undergone a significant change of face since 2002, in part due to the residential population and retailing power The Emporium holds. By qualifying for a number of key Structural Uplift criteria, the Emporium development has been classified as a Pioneer project. Since 2002, approximately 40,000m2 of retail space and 100,000m2 of commercial space has been delivered in the surrounding precinct, with significant commercial and residential development now under construction or approved. The precinct is now a significant employment base and an attractive alternative to CBD employment. Regardless of the size of the development being undertaken, being a first mover in many brownfield or infill precincts carries with it a substantial element of risk. Whilst the risks are high for the developers, when developments are planned around the criteria of Structural Uplift, the rewards are equally high, with many of these developments transforming precincts, redefining regions, and improving the quality and way in which residents live their lives – a winning scenario for the end user.

A Study of Structural Uplift and Master Planned Residential Developments

2


Rental – Report


Southpoint Residential Apartments Rental appraisal report – South Core Prepared for Anthony John Group By Broad Property Research & Advisory Pty Ltd ABN 86 563 894 018

September 2013

Broad Property Research & Advisory Pty Ltd ABN 86 563 894 018 Unit 12, 65-69 Macgregor Terrace, Bardon Qld 4065 Postal Address: PO Box 883, Samford Qld 4520 i: www.broadresearch.com.au m: 0419 028 065 e: paul@broadresearch.com.au


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Executive summary Southpoint is an iconic mixed-use development featuring residential apartments, commercial offices, a luxury boutique hotel, and retail and dining activities being undertaken by the award-winning Anthony John Group, creators of the Emporium. Located on Grey Street in the heart of Brisbane’s premier destination precinct, South Bank, the first stage of Southpoint will be a stunning 21-level building comprising three separate cores:  North Core – a mix of one-, two- and three-bedroom apartments plus a four-bedroom penthouse;  Centre Core – South Bank’s first luxury Emporium Hotel;  South Core – a mix of one-, two- and three-bedroom apartments. The majority of the 221 residential apartments in Southpoint have river and/or city views. The product mix has been designed for owner-occupiers and also offers high-quality product for investors. In a first for Brisbane, residents of the apartments will have access to the luxury boutique Emporium hotel services including concierge, room service, hotel pool, gym and day spa on a user-pays basis. The first apartments to be released to the market will be the 130 one-, two- and threebedroom apartments located in the South Core. The table below details our forecast rents for the South Core apartments in Southpoint on both a furnished and unfurnished basis: Current expected weekly rents – Southpoint Residential Apartments (South Core) Configuration Aspect Weekly rent Weekly rent unfurnished fully furnished 1-bedroom, no car Mt Coot-tha $470 - $510 $570 - $610 1-bedroom, 1 car River/City $500 - $585 $605 - $690 2-bedroom, 1 car Mt Coot-tha $635 - $675 $735 - $775 2-bedroom, 1 car River/City $665 - $750 $765 - $850 3-bedroom, 2 car River/City n/a $2,000 - $2,200 Broad Property Research & Advisory Pty Ltd, September 2013. Rental estimates are based on floor plans and apartment sizes as provided by Anthony John Group. Subsequent variations in apartment configurations may affect achievable rents. Actual rents for individual apartments will depend upon height above ground, views, aspect, and number of car parks. These rents should be achievable with an experienced on-site manager and once the project has been operational for 6-9 months.

Note that these rental estimates are in today’s (2013) dollars. Given that the project will not be completed until 2016 it is reasonable to expect rents will increase by around the longterm trend of 5% per annum between now and completion.

Sout hp oint Residenti al A par tments , South Brisbane. Ren t al Appraisal report - S out h Core ( Sept 20 13 )

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Project details Southpoint is an iconic mixed-use development featuring residential apartments, commercial offices, a luxury boutique hotel, and retail and dining activities being undertaken by the award-winning Anthony John Group, creators of the Emporium. Located on Grey Street in the heart of Brisbane’s premier destination precinct, South Bank, the first stage of Southpoint will be a stunning 21-level building comprising three separate cores:  North Core – a mix of one-, two- and three-bedroom apartments plus a four-bedroom penthouse;  Centre Core – South Bank’s first luxury Emporium Hotel;  South Core – a mix of one-, two- and three-bedroom apartments. All up, the Southpoint Residential Apartments will comprise:  30 one-bedroom apartments (without a car park);  52 one-bedroom apartments (with one car park);  91 two-bedroom apartments (with one car park);  17 two-bedroom apartments (with two car parks);  21 three-bedroom apartments (with two car parks);  9 three-bedroom apartments (with three car parks);  A four-bedroom penthouse. The majority of the 221 residential apartments in Southpoint have river and/or city views. The product mix has been designed for owner-occupiers and also offers high-quality product for investors. In a first for Brisbane, residents of the Southpoint Residential Apartments will have access to the a luxury boutique Emporium hotel services including concierge, room service, hotel pool, gym and day spa. The Southpoint Residential Apartments are located adjacent to the South Bank Railway Station (travel time into Brisbane’s Central Station is just ten minutes) as well as the South Bank Busway. Travel time by rail to Brisbane International Airport is just 30 minutes. Connectivity to Brisbane’s CBD is enhanced by the nearby Goodwill Pedestrian Bridge, and pedestrian and vehicular access can also be gained via the nearby Victoria Bridge. The location Its location just one kilometre from Brisbane’s CBD and the many lifestyle features of South Bank make South Brisbane a very desirable place in which to live. South Brisbane is best known as home of South Bank, the former World Expo 88 site. The South Bank precinct, extending along a one kilometre stretch on the Brisbane River opposite Brisbane’s CBD, is a world-class lifestyle destination connecting the community to a vibrant commercial, educational, cultural and convention experience in a unique sub- tropical parkland setting with walking/bike tracks, picnic areas and playgrounds. Sout hp oint Residential A par tments , South Brisbane – Renta l A pprais al repor t - South Core (Sept 2 0 13 )

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With an estimated 10 million visitors annually, South Bank is Brisbane’s premier restaurant and entertainment precinct. Residents of South Brisbane are also conveniently situated close to:  Many eateries, entertainment and shopping offered in Grey Street, Melbourne Street, Little Stanley Street and cosmopolitan West End;  Major employment generators including the SW1 Business Precinct; corporate headquarters of firms such as Ausenco, Origin Energy, Roche Mining, Sinclair Knight Merz and Thiess; and the light industrial precinct bordering West End. Over 10,000 people work in South Brisbane;  The nearby Mater Hospital is currently undergoing a $1.5 billion expansion to become Brisbane’s major Childrens’ Hospital (due for completion in 2014);  Major education facilities including South Bank Institute of Technology, Griffith University, Brisbane State High School, St Laurence’s College, and Somerville House High School. These institutions have students enrolled from 80 countries;  Brisbane’s CBD via rail (two stops), bus, CityCat and ferry connections and pedestrian bridges (the City Glider bus service links South Brisbane/West End to Newstead with regular (5-15 minute) services through Fortitude Valley and the CBD);  The Queensland Performing Arts Centre, the Gallery of Modern Art, Queensland Museum and State Library; and  The Brisbane Convention and Exhibition Centre. In addition to its excellent locational advantages, the Southpoint Residential Apartments have a number of features that should attract strong market demand as well as delivering premium rents:  Anthony John Group is a developer of quality projects;  The site is the best (and possibly the last) major development opportunity in the South Bank precinct;  As a consequence, the area is well-established with all the amenity that residents would want;  River/city views are north/east facing not south or west like in some other riverside suburbs;  Apartments start on level 6 so most have good views;  The premium apartments have wide frontages;  Strong rental demand in the local area;  Top-end buyers will want to be associated with the project and more modest investors will be attracted to the opportunity of buying into a prestige project;  Residents have the ability to utilise the extensive range of hotel services.

Sout hp oint Residentia l A par tments , South Br i s bane - Re ntal Apprais al repor t - South Core (Sept 2 0 13 )

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Vacancy rates Vacancy rates are extremely tight across Inner Brisbane at present, at just 2.1%. A rental vacancy rate of 4% or less suggests a market is undersupplied with rental product. South Brisbane’s tight vacancy rate is at least partly due to the fact that over the past year its rate of population growth (3.4%) has been almost double the Inner Brisbane average of 1.8%. With almost two-thirds (65%) of households in South Brisbane renting, tight vacancy rates have put significant upward pressure on rents. According to Australian Property Monitors, gross rental yields in South Brisbane are currently averaging an impressive 6.7% per annum. Rental appraisal Anthony John Group has commissioned Broad Property Research & Advisory Pty Ltd (BPRA) to undertake a rental appraisal for the Southpoint Residential Apartments. BPRA is an independent property research firm specializing in providing strategic advice and problem-solving for residential projects as well as undertaking pertinent research across the residential property sector. BPRA offers a broad range of research services for the residential property sector including population and demographic analysis, competitor analysis, pricing guidance and rental appraisals. The first apartments to be released to the market will be the 130 one-, two- and threebedroom apartments located in the South Core. The table below details our forecast rents for the South Core apartments in Southpoint on both a furnished and unfurnished basis: Current expected weekly rents – Southpoint Residential Apartments (South Core) Configuration Aspect Weekly rent Weekly rent unfurnished fully furnished 1-bedroom, no car Mt Coot-tha $470 - $510 $570 - $610 1-bedroom, 1 car City $500 - $585 $605 - $690 2-bedroom, 1 car Mt Coot-tha $635 - $675 $735 - $775 2-bedroom, 1 car River/City $665 - $750 $765 - $850 3-bedroom, 2 car River/City n/a $2,000 - $2,200 Broad Property Research & Advisory Pty Ltd, September 2013. Rental estimates are based on floor plans and apartment sizes as provided by Anthony John Group. Subsequent variations in apartment configurations may affect achievable rents. Actual rents for individual apartments will depend upon height above ground, views, aspect, and number of car parks. These rents should be achievable with an experienced on-site manager and once the project has been operational for 6-9 months.

Note that these rental estimates are in today’s (2013) dollars. Given that the project will not be completed until 2016 it is reasonable to expect rents will increase by around the longterm trend of 5% per annum between now and completion. See appendix 1 (attached) for our suggested rents for all 130 apartments in the South Core of Southpoint.

Sout hp oint Resi denti a l A par tments , South B r i s bane - Rental Appraisal repor t - South Core (Sept 2 0 13 )

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Assuming the apartments are rented for 50 weeks per annum, in most cases our forecasts for the one- and two-bedroom apartments deliver average gross rental yields in excess of 5.0% on an unfurnished basis, which is excellent in the current investment climate. Higher yields can be achieved with furnished product. Supporting evidence To provide guidance in our rental estimates, BPRA has undertaken an extensive analysis of rents currently being achieved in a number of new and near-new apartment complexes across inner Brisbane. Our survey of over 50 projects has ascertained the following: Comparison of rents – furnished and unfurnished apartments – Inner Brisbane Product type Average rent Average rent Premium for unfurnished furnished furnished product 1-bedroom (no car) $370 p.w. $470 p.w. $100 p.w. 1-bedroom (with car) $435 p.w. $540 p.w. $105 p.w. 2-bedroom (with car) $570 p.w. $685 p.w. $115 p.w. Broad Property Research & Advisory Pty Ltd, September 2013. Information has been obtained direct from property managers and/or project websites.

These research findings show that the rent premiums for fully-furnished apartments in Inner Brisbane are on average:  $100 per week more for one-bedroom apartments without a car park;  $105 per week more for one-bedroom apartments with a car park;  $115 per week more for two-bedroom/two-bathroom apartments. Note however for our rental appraisal for the Southpoint Residential Apartments we have generally adopted a price premium for furnished apartments of $100 to $105 per week. As additional supporting evidence for our rental appraisal for the Southpoint Residential Apartments we have examined the rents currently being achieved in a number of local projects. Details of these projects are contained in appendix 2 (attached). Given the unique offering that is Southpoint, however - namely the ability for residents to utilise the services of the luxury boutique Emporium hotel - no projects currently exist that can be considered directly comparable to the Southpoint Residential Apartments. Disclaimer Whilst the information contained in this report has been carefully compiled, no warranty or promise as to its correctness is made or intended. Interested parties should undertake independent inquiries and investigations to satisfy themselves that any details herein are true and correct. The recommendations contained in this report assume that Australia’s economic conditions remain favourable and any future interest rate increases are modest. Severe and/or prolonged downturns in the economies of China or the USA, or significant international events such as war, pandemics or terrorist attacks, may have a detrimental impact on Australia’s economy and the performance of its residential property market. No forecasts are being made by Broad Property Research & Advisory Pty Ltd about possible capital gains. Past information about capital gains or price and rental growth does not imply such gains or growth will be made in the future. We do not accept any responsibility or liability for any loss or damage arising out of reliance on the information in this document. The document is copyright. No part may be reproduced by any process without prior written permission from us.

Sout hp oint Residential Apartments , South Brisbane - Re nt al Appraisal r e po r t - South Core ( Sept 2 013 )

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APPENDIX 1 - SOUTHPOINT (SOUTH CORE) - RENTAL APPRAISAL VIEW APARTMENT No. APARTMENT TYPE Internal sqm External sqm Carparks

River / City S2001 S01 1 Bed, 1 Bath 52 2 1

River / City S2002 S02 1 Bed, 1 Bath 57 2 1

River / City S2003 S03 2 Bed, 2 Bath 79 12 1

River / City S2004 S04 2 Bed, 2 Bath 79 12 1

River / City S2005 S05 2 Bed, 2 Bath 81 11 1

Mt Coot-Tha S2006 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S2007 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S2008 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S2009 S09 1 Bed, 1 Bath 53 0 0

20 Weekly rent (unfurnished) Weekly rent (furnished)

$570 $675

$585 $690

$750 $850

$750 $850

$750 $850

$675 $775

$675 $775

$510 $610

$510 $610

Internal sqm External sqm Carparks

River / City S1901 S01 1 Bed, 1 Bath 52 2 1

River / City S1902 S02 1 Bed, 1 Bath 57 2 1

River / City S1903 S03 2 Bed, 2 Bath 79 12 1

River / City S1904 S04 2 Bed, 2 Bath 79 12 1

River / City S1905 S05 2 Bed, 2 Bath 81 11 1

Mt Coot-Tha S1906 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S1907 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S1908 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S1909 S09 1 Bed, 1 Bath 53 0 0

19 Weekly rent (unfurnished) Weekly rent (furnished)

$565 $670

$580 $685

$750 $850

$750 $850

$750 $850

$670 $770

$670 $770

$505 $605

$510 $610

Internal sqm External sqm Carparks

River / City S1801 S01 1 Bed, 1 Bath 52 2 1

River / City S1802 S02 1 Bed, 1 Bath 57 2 1

River / City S1803 S03 2 Bed, 2 Bath 79 12 1

River / City S1804 S04 2 Bed, 2 Bath 79 12 1

River / City S1805 S05 2 Bed, 2 Bath 81 11 1

Mt Coot-Tha S1806 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S1807 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S1808 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S1809 S09 1 Bed, 1 Bath 53 0 0

18 Weekly rent (unfurnished) Weekly rent (furnished)

$560 $665

$575 $680

$745 $845

$745 $845

$745 $845

$665 $765

$665 $765

$500 $600

$505 $605

Internal sqm External sqm Carparks

River / City S1701 S01 1 Bed, 1 Bath 52 2 1

River / City S1702 S02 1 Bed, 1 Bath 57 2 1

River / City S1703 S03 2 Bed, 2 Bath 79 12 1

River / City S1704 S04 2 Bed, 2 Bath 79 12 1

River / City S1705 S05 2 Bed, 2 Bath 81 11 1

Mt Coot-Tha S1706 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S1707 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S1708 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S1709 S09 1 Bed, 1 Bath 53 0 0

17 Weekly rent (unfurnished) Weekly rent (furnished)

$555 $660

$570 $675

$745 $845

$745 $845

$745 $845

$660 $770

$660 $770

$495 $595

$500 $600

Internal sqm External sqm Carparks

River / City S1601 S01 1 Bed, 1 Bath 52 2 1

River / City S1602 S02 1 Bed, 1 Bath 57 2 1

River / City S1603 S03 2 Bed, 2 Bath 79 12 1

River / City S1604 S04A 3 Bed, 2 Bath 159 25 2

Mt Coot-Tha S1606 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S1607 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S1608 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S1609 S09 1 Bed, 1 Bath 53 0 0

16 Weekly rent (unfurnished) Weekly rent (furnished)

$550 $655

$565 $670

$740 $840

n/a $2,200

$655 $765

$655 $765

$495 $595

$500 $600

Internal sqm External sqm Carparks

River / City S1501 S01 1 Bed, 1 Bath 52 2 1

River / City S1502 S02 1 Bed, 1 Bath 57 2 1

River / City S1503 S03 2 Bed, 2 Bath 79 12 1

River / City S1504 S04A 3 Bed, 2 Bath 159 25 2

Mt Coot-Tha S1506 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S1507 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S1508 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S1509 S09 1 Bed, 1 Bath 53 0 0

15 Weekly rent (unfurnished) Weekly rent (furnished)

$545 $650

$560 $665

$735 $835

n/a $2,150

$650 $750

$650 $750

$490 $590

$495 $595

Internal sqm External sqm Carparks

River / City S1401 S01 1 Bed, 1 Bath 52 2 1

River / City S1402 S02 1 Bed, 1 Bath 57 2 1

River / City S1403 S03 2 Bed, 2 Bath 79 12 1

River / City S1404 S04A 3 Bed, 2 Bath 159 25 2

Mt Coot-Tha S1406 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S1407 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S1408 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S1409 S09 1 Bed, 1 Bath 53 0 0

14 Weekly rent (unfurnished) Weekly rent (furnished)

$540 $645

$555 $660

$730 $830

n/a $2,100

$645 $745

$645 $745

$490 $590

$495 $595

Internal sqm External sqm Carparks

River / City S1301 S01 1 Bed, 1 Bath 52 2 1

River / City S1302 S02 1 Bed, 1 Bath 57 2 1

River / City S1303 S03 2 Bed, 2 Bath 79 12 1

River / City S1304 S04A 3 Bed, 2 Bath 159 25 2

Mt Coot-Tha S1306 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S1307 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S1308 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S1309 S09 1 Bed, 1 Bath 53 0 0

13 Weekly rent (unfurnished) Weekly rent (furnished)

$535 $640

$550 $655

$725 $825

n/a $2,050

$640 $740

$640 $740

$485 $585

$490 $590

Internal sqm External sqm Carparks

River / City S1201 S01 1 Bed, 1 Bath 52 2 1

River / City S1202 S02 1 Bed, 1 Bath 57 2 1

River / City S1203 S03 2 Bed, 2 Bath 79 12 1

River / City S1204 S04A 3 Bed, 2 Bath 159 25 2

Mt Coot-Tha S1206 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S1207 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S1208 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S1209 S09 1 Bed, 1 Bath 53 0 0

12 Weekly rent (unfurnished) Weekly rent (furnished)

$530 $635

$545 $650

$720 $820

n/a $2,000

$635 $735

$635 $735

$485 $585

$490 $590

Internal sqm External sqm Carparks

River / City S1101 S01 1 Bed, 1 Bath 52 2 1

River / City S1102 S02 1 Bed, 1 Bath 57 2 1

River / City S1103 S03 2 Bed, 2 Bath 79 12 1

River / City S1104 S04 2 Bed, 2 Bath 79 12 1

River / City S1105 S05 2 Bed, 2 Bath 81 11 1

Mt Coot-Tha S1106 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S1107 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S1108 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S1109 S09 1 Bed, 1 Bath 53 0 0

11 Weekly rent (unfurnished) Weekly rent (furnished)

$525 $630

$540 $645

$715 $815

$715 $815

$715 $815

$630 $730

$630 $730

$480 $580

$485 $585

Internal sqm External sqm Carparks

River / City S1001 S01 1 Bed, 1 Bath 52 2 1

River / City S1002 S02 1 Bed, 1 Bath 57 2 1

River / City S1003 S03 2 Bed, 2 Bath 79 12 1

River / City S1004 S04 2 Bed, 2 Bath 79 12 1

River / City S1005 S05 2 Bed, 2 Bath 81 11 1

Mt Coot-Tha S1006 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S1007 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S1008 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S1009 S09 1 Bed, 1 Bath 53 0 0

10 Weekly rent (unfurnished) Weekly rent (furnished)

$520 $625

$535 $640

$710 $810

$710 $810

$710 $810

$625 $725

$625 $725

$480 $580

$485 $585

Internal sqm External sqm Carparks

River / City S901 S01 1 Bed, 1 Bath 52 2 1

River / City S902 S02 1 Bed, 1 Bath 57 2 1

River / City S903 S03 2 Bed, 2 Bath 79 12 1

River / City S904 S04 2 Bed, 2 Bath 79 12 1

River / City S905 S05 2 Bed, 2 Bath 81 11 1

Mt Coot-Tha S906 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S907 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S908 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S909 S09 1 Bed, 1 Bath 53 0 0

9 Weekly rent (unfurnished) Weekly rent (furnished)

$515 $620

$530 $635

$705 $805

$705 $805

$705 $805

$620 $720

$620 $720

$475 $575

$480 $580

Internal sqm External sqm Carparks

River / City S801 S01 1 Bed, 1 Bath 52 2 1

River / City S802 S02 1 Bed, 1 Bath 57 2 1

River / City S803 S03 2 Bed, 2 Bath 79 12 1

River / City S804 S04 2 Bed, 2 Bath 79 12 1

River / City S805 S05 2 Bed, 2 Bath 81 11 1

Mt Coot-Tha S806 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S807 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S808 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S809 S09 1 Bed, 1 Bath 53 0 0

8 Weekly rent (unfurnished) Weekly rent (furnished)

$510 $615

$525 $630

$675 $775

$675 $775

$675 $775

$615 $715

$615 $715

$475 $575

$480 $580

Internal sqm External sqm Carparks

River / City S701 S01 1 Bed, 1 Bath 52 2 1

River / City S702 S02 1 Bed, 1 Bath 57 2 1

River / City S703 S03 2 Bed, 2 Bath 79 12 1

River / City S704 S04 2 Bed, 2 Bath 79 12 1

River / City S705 S05 2 Bed, 2 Bath 81 11 1

Mt Coot-Tha S706 S06 2 Bed, 2 Bath 72 11 1

Mt Coot-Tha S707 S07 2 Bed, 2 Bath 72 12 1

Mt Coot-Tha S708 S08 1 Bed, 1 Bath 51 0 0

Mt Coot-Tha S709 S09 1 Bed, 1 Bath 53 0 0

7 Weekly rent (unfurnished) Weekly rent (furnished)

$505 $610

$520 $625

$670 $770

$670 $770

$670 $770

$610 $710

$610 $710

$470 $570

$475 $575

Internal sqm External sqm Carparks

River / City S601 S01 1 Bed, 1 Bath 52 2 1

River / City S602 S02 1 Bed, 1 Bath 57 2 1

River / City S603 S03 2 Bed, 2 Bath 79 12 1

River / City S604 S04 2 Bed, 2 Bath 79 12 1

River / City S605 S05 2 Bed, 2 Bath 81 11 1

Mt Coot-Tha S606 S06 2 Bed, 2 Bath 72 15 1

Mt Coot-Tha S607 S07 2 Bed, 2 Bath 72 23 1

Mt Coot-Tha S608 S08 1 Bed, 1 Bath 51 5 0

Mt Coot-Tha S609 S09 1 Bed, 1 Bath 53 6 0

6 Weekly rent (unfurnished) Weekly rent (furnished)

$500 $605

$510 $615

$665 $765

$665 $765

$665 $765

$635 $735

$645 $745

$470 $570

$475 $575

VIEW APARTMENT No. APARTMENT TYPE

VIEW APARTMENT No. APARTMENT TYPE

VIEW APARTMENT No. APARTMENT TYPE

VIEW APARTMENT No. APARTMENT TYPE

VIEW APARTMENT No. APARTMENT TYPE

VIEW APARTMENT No. APARTMENT TYPE

VIEW APARTMENT No. APARTMENT TYPE

VIEW APARTMENT No. APARTMENT TYPE

VIEW APARTMENT No. APARTMENT TYPE

VIEW APARTMENT No. APARTMENT TYPE

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VIEW APARTMENT No. APARTMENT TYPE

Broad Property Research & Advisory Pty Ltd, September 2013. Based on apartment sizes and floor plans as advised by Anthony John Group.

Subsequent variations in apartment configurations may affect achievable rents. Areas subject to final survey. Actual rents for individual apartments will depend upon height above ground, views, aspect, and number of car parks. These rents should be achievable with an experienced on-site manager and once the project has been operational for 6-9 months.                                                                              

LEGEND GREEN 3 Bed, 2 Bath, 2 Car (5) PURPLE 2 Bed, 2 Bath, 1 Car (65) RED 1 Bed, 1 Bath, 0 Car (30) ORANGE 1 Bed, 1 Bath, 1 Car (30)

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Appendix 2 Comparative rental analysis - South Bank area Project Admiralty Towers Alexander Boutique Apartments Allegro Apartments Arbour on Grey Artisan Ecco Apartments Flow Iceworks Koko Left Bank Macleay Tower Park Avenuer at Southbank Pier at Waterfront 371 Queen Street Riparian Plaza River Place (terrace homes) Riverpoint Riverview Gardens Rivers on the Park Saville South Bank Apartments Silhouette Skyline Apartments SL8 Soleil Station 16 SW1 Tempo The Capitol Apartments The Grosvenor Apartments Universal Apartments Vine on Russell Water's Edge

1-bed unfurnished

$485 per week $460 per week

1-bed furnished $600 per week

2-bed unfurnished

$565 per week

$620 per week $620 per week $620 per week

$540 per week $540 per week

2-bed furnished $820 per week $670 per week $720 per week

$690 per week $450 per week

$540 per week

3-bed furnished

$600 per week $635 per week

$1,100 per week $750 per week $710 per week $775 per week $840 per week

$1,600 per week

$1,550 per week

$3,500 per week* $1,600 per week $1,800 per week $3,000 per week $1,600 per week $1,780 per week

$620 per week $430 per week

$750 per week $820 per week $680 per week

$1,590 per week $1,150 per week

$485 per week $490 per week

$530 per week $570 per week $585 per week

$625 per week $750 per week

$850 per week

$650 per week

$680 per week

$460 per week $850 per week $460 per week $500 per week

$590 per week

$660 per week $750 per week

Broad Property Research & Advisory Pty Ltd, September 2013. Source: Various real estate and project websites; relevant property managers. *4-bedroom/4-bathroom furnished apartment

$1,150 per week


Southpoint Residential Apartments Rental Appraisal Report – North Core Prepared for Anthony John Group By Broad Property Research & Advisory Pty Ltd ABN 86 563 894 018

September 2013

Broad Property Research & Advisory Pty Ltd ABN 86 563 894 018 Unit 12, 65-69 Macgregor Terrace, Bardon Qld 4065 Postal Address: PO Box 883, Samford Qld 4520 i: www.broadresearch.com.au m: 0419 028 065 e: paul@broadresearch.com.au


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Executive summary Southpoint is an iconic mixed-use development featuring residential apartments, commercial offices, a luxury boutique hotel, and retail and dining activities being undertaken by the award-winning Anthony John Group, creators of the Emporium. Located on Grey Street in the heart of Brisbane’s premier destination precinct, South Bank, the first stage of Southpoint will be a stunning 21-level building comprising three separate cores:  North Core – a mix of one-, two- and three-bedroom apartments plus a fourbedroom penthouse;  Centre Core – South Bank’s first luxury Emporium Hotel;  South Core – a mix of one-, two- and three-bedroom apartments. The majority of the 221 residential apartments in Southpoint have river and/or city views. The product mix has been designed for owner-occupiers and also offers high-quality product for investors. In a first for Brisbane, residents of the apartments will have access to the luxury boutique Emporium hotel services including concierge, room service, hotel pool, gym and day spa on a user-pays basis. Following the successful launch of the 130 one-, two- and three-bedroom apartments located in the South Core, the Anthony John Group has now released the 91 apartments in the North Core. The North Core apartments comprise a mix of one-, two- and threebedroom apartments in a variety of sizes and with a large range of floor plans, plus a four-bedroom penthouse. The table below details our forecast rents for the North Core apartments in Southpoint on both a furnished and unfurnished basis: Current expected weekly rents – Southpoint Residential Apartments (North Core) Configuration Aspect Weekly rent Weekly rent unfurnished fully furnished $470 - $490 $575 - $595 1-bedroom, no car Mt Coot-tha 1-bedroom, 1 car Mt Coot-tha $520 - $555 $625 - $660 2-bedroom, 1 car Mt Coot-tha $610 - $645 $710 - $745 2-bedroom, 1 car Tribune St/Mt Coot-tha $630 - $655 $730 - $755 2-bedroom, 1 car Tribune Street $625 - $700 $725 - $800 2-bedroom, 2 car Mt Coot-tha $800 - $900 $900 - $1,000 2-bedroom, 2 car City $875 - $1,050 $975 - $1,150 3-bedroom, 2 car* City n/a $1,750 - $2,000 3-bedroom, 2 car^ City/Tribune Street n/a $2,250 - $2,900 3-bedroom, 3 car^^ City/Tribune Street n/a $3,000 - $3,500 Broad Property Research & Advisory Pty Ltd, September 2013. Rental estimates are based on floor plans and apartment sizes as provided by Anthony John Group. Subsequent variations in apartment configurations may affect achievable rents. Actual rents for individual apartments will depend upon height above ground, views, aspect, and number of car parks. These rents should be achievable with an experienced on-site manager and once the project has been operational for 6-9 months. *Levels 6-9. **Level 10. ^Levels 11-16. ^^Levels 17-20.

Note that these rental estimates are in today’s (2013) dollars. Given that the project will not be completed until 2016 it is reasonable to expect rents will increase by around the longterm trend of 5% per annum between now and completion. Sout hp oi nt Residentia l A par tments , S outh B r i s b ane - R en tal Appraisal R epo r t - N or th Core ( Sept 2 013)

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Project details Southpoint is an iconic mixed-use development featuring residential apartments, commercial offices, a luxury boutique hotel, and retail and dining activities being undertaken by the award-winning Anthony John Group, creators of the Emporium. Located on Grey Street in the heart of Brisbane’s premier destination precinct, South Bank, the first stage of Southpoint will be a stunning 21-level building comprising three separate cores:  North Core – a mix of one-, two- and three-bedroom apartments plus a fourbedroom penthouse;  Centre Core – South Bank’s first luxury Emporium Hotel;  South Core – a mix of one-, two- and three-bedroom apartments. All up, the Southpoint Residential Apartments will comprise:  30 one-bedroom apartments (without a car park);  52 one-bedroom apartments (with one car park);  91 two-bedroom apartments (with one car park);  17 two-bedroom apartments (with two car parks);  21 three-bedroom apartments (with two car parks);  9 three-bedroom apartments (with three car parks);  A four-bedroom penthouse. The majority of the 221 residential apartments in Southpoint have river and/or city views. The product mix has been designed for owner-occupiers and also offers high-quality product for investors. In a first for Brisbane, residents of the Southpoint Residential Apartments will have access to the luxury boutique Emporium hotel services including concierge, room service, hotel pool, gym and day spa. The Southpoint Residential Apartments are located adjacent to the South Bank Railway Station (travel time into Brisbane’s Central Station is just ten minutes) as well as the South Bank Busway. Travel time by rail to Brisbane International Airport is just 30 minutes. Connectivity to Brisbane’s CBD is enhanced by the nearby Goodwill Pedestrian Bridge, and pedestrian and vehicular access can also be gained via the nearby Victoria Bridge. The location Its location just one kilometre from Brisbane’s CBD and the many lifestyle features of South Bank make South Brisbane a very desirable place in which to live. South Brisbane is best known as home of South Bank, the former World Expo 88 site. The South Bank precinct, extending along a one kilometre stretch on the Brisbane River opposite Brisbane’s CBD, is a world-class lifestyle destination connecting the community to a vibrant commercial, educational, cultural and convention experience in a unique subtropical parkland setting with walking/bike tracks, picnic areas and playgrounds. S ou th p oi nt R esidential A partments , S outh B r i s bane - Re n tal A pprais al Re po rt - N or th Core ( Sept 2 013)

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With an estimated 10 million visitors annually, South Bank is Brisbane’s premier restaurant and entertainment precinct. Residents of South Brisbane are also conveniently situated close to:  Many eateries, entertainment and shopping offered in Grey Street, Melbourne Street, Little Stanley Street and cosmopolitan West End;  Major employment generators including the SW1 Business Precinct; corporate headquarters of firms such as Ausenco, Origin Energy, Roche Mining, Sinclair Knight Merz and Thiess; and the light industrial precinct bordering West End. Over 10,000 people work in South Brisbane;  The nearby Mater Hospital is currently undergoing a $1.5 billion expansion to become Brisbane’s major Childrens’ Hospital (due for completion in 2014);  Major education facilities including South Bank Institute of Technology, Griffith University, Brisbane State High School, St Laurence’s College, and Somerville House High School. These institutions have students enrolled from 80 countries;  Brisbane’s CBD via rail (two stops), bus, CityCat and ferry connections and pedestrian bridges (the City Glider bus service links South Brisbane/West End to Newstead with regular (5-15 minute) services through Fortitude Valley and the CBD);  The Queensland Performing Arts Centre, the Gallery of Modern Art, Queensland Museum and State Library; and  The Brisbane Convention and Exhibition Centre. In addition to its excellent locational advantages, the Southpoint Residential Apartments have a number of features that should attract strong market demand as well as delivering premium rents:  Anthony John Group is a developer of quality projects;  The site is the best (and possibly the last) major development opportunity in the South Bank precinct;  As a consequence, the area is well-established with all the amenity that residents would want;  River/city views are north/east facing not south or west like in some other riverside suburbs;  Apartments start on level 6 so most have good views;  The premium apartments have wide frontages;  Strong rental demand in the local area;  Top-end buyers will want to be associated with the project and more modest investors will be attracted to the opportunity of buying into a prestige project;  Residents have the ability to utilise the extensive range of hotel services on a userpays basis.

Sout hp oint R esi dentia l A par tments, South B r i s bane - Re n tal Apprais al Re po r t - Nor th Core ( Sept 2 013)

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Vacancy rates Vacancy rates are extremely tight across Inner Brisbane at present, at just 2.1%. A rental vacancy rate of 4% or less suggests a market is undersupplied with rental product. South Brisbane’s tight vacancy rate is at least partly due to the fact that over the past year its rate of population growth (3.4%) has been almost double the Inner Brisbane average of 1.8%. With almost two-thirds (65%) of households in South Brisbane renting, tight vacancy rates have put significant upward pressure on rents. According to Australian Property Monitors, gross rental yields in South Brisbane are currently averaging an impressive 6.6% per annum. Rental appraisal Anthony John Group has commissioned Broad Property Research & Advisory Pty Ltd (BPRA) to undertake a rental appraisal for the Southpoint Residential Apartments. BPRA is an independent property research firm specializing in providing strategic advice and problem-solving for residential projects as well as undertaking pertinent research across the residential property sector. BPRA offers a broad range of research services for the residential property sector including population and demographic analysis, competitor analysis, pricing guidance and rental appraisals. Following the successful launch of the 130 one-, two- and three-bedroom apartments located in the South Core, the Anthony John Group has now released the 91 apartments in the North Core. The North Core apartments comprise a mix of one-, two- and threebedroom apartments in a variety of sizes and with a large range of floor plans, plus a four-bedroom penthouse. The table below details our forecast rents for the North Core apartments in Southpoint on both a furnished and unfurnished basis: Current expected weekly rents – Southpoint Residential Apartments (North Core) Configuration Aspect Weekly rent Weekly rent unfurnished fully furnished 1-bedroom, no car Mt Coot-tha $470 - $490 $575 - $595 1-bedroom, 1 car Mt Coot-tha $520 - $555 $625 - $660 2-bedroom, 1 car Mt Coot-tha $610 - $645 $710 - $745 2-bedroom, 1 car Tribune St/Mt Coot-tha $630 - $655 $730 - $755 2-bedroom, 1 car Tribune Street $625 - $700 $725 - $800 2-bedroom, 2 car Mt Coot-tha $800 - $900 $900 - $1,000 2-bedroom, 2 car City $875 - $1,050 $975 - $1,150 3-bedroom, 2 car* City n/a $1,750 - $2,000 3-bedroom, 2 car^ City/Tribune Street n/a $2,250 - $2,900 3-bedroom, 3 car^^ City/Tribune Street n/a $3,000 - $3,500 Broad Property Research & Advisory Pty Ltd, September 2013. Rental estimates are based on floor plans and apartment sizes as provided by Anthony John Group. Subsequent variations in apartment configurations may affect achievable rents. Actual rents for individual apartments will depend upon height above ground, views, aspect, and number of car parks. These rents should be achievable with an experienced on-site manager and once the project has been operational for 6-9 months. *Levels 6-9. **Level 10. ^Levels 11-16. ^^Levels 17-20.

Sout hp oint Residential A par tments , S outh B ris bane - R e ntal Appraisal Re po rt - Nor th Cor e ( Sept 2 013)

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Note that these rental estimates are in today’s (2013) dollars. Given that the project will not be completed until 2016 it is reasonable to expect rents will increase by around the longterm trend of 5% per annum between now and completion. See appendix 1 (attached) for our suggested rents for all 91 apartments in the North Core of Southpoint. Assuming the apartments are rented for 50 weeks per annum, in most cases our forecasts for the oneand two-bedroom apartments deliver average gross rental yields in excess of 5.0% on an unfurnished basis, which is excellent in the current investment climate. Higher yields can be achieved with furnished product. Supporting evidence To provide guidance in our rental estimates, BPRA has undertaken an extensive analysis of rents currently being achieved in a number of new and near-new apartment complexes across inner Brisbane. Our survey of over 50 projects has ascertained the following: Comparison of rents – furnished and unfurnished apartments – Inner Brisbane Product type Average rent Average rent Premium for unfurnished furnished furnished product 1-bedroom (no car) $370 p.w. $470 p.w. $100 p.w. 1-bedroom (with car) $435 p.w. $540 p.w. $105 p.w. 2-bedroom (with car) $570 p.w. $685 p.w. $115 p.w. Broad Property Research & Advisory Pty Ltd, September 2013. Information has been obtained direct from property managers and/or project websites.

These research findings show that the rent premiums for fully-furnished apartments in Inner Brisbane are on average:  $100 per week more for one-bedroom apartments without a car park;  $105 per week more for one-bedroom apartments with a car park;  $115 per week more for two-bedroom/two-bathroom apartments. Note however for our rental appraisal for the Southpoint Residential Apartments we have generally adopted a price premium for furnished apartments of $100 to $105 per week. As additional supporting evidence for our rental appraisal for the Southpoint Residential Apartments we have examined the rents currently being achieved in a number of local projects. Details of these projects are contained in appendix 2 (attached). Given the unique offering that is Southpoint, however - namely the ability for residents to utilise the services of the luxury boutique Emporium hotel - no projects currently exist that can be considered directly comparable to the Southpoint Residential Apartments. Disclaimer Whilst the information contained in this report has been carefully compiled, no warranty or promise as to its correctness is made or intended. Interested parties should undertake independent inquiries and investigations to satisfy themselves that any details herein are true and correct. The recommendations contained in this report assume that Australia’s economic conditions remain favourable and any future interest rate increases are modest. Severe and/or prolonged downturns in the economies of China or the USA, or significant international events such as war, pandemics or terrorist attacks, may have a detrimental impact on Australia’s economy and the performance of its residential property market. Past information about capital gains or price and rental growth does not imply such gains or growth will be made in the future. We do not accept any responsibility or liability for any loss or damage arising out of reliance on the information in this document. The document is copyright. No part may be reproduced by any process without prior written permission from us.

Sout hp oint Residential Apartments , South Brisbane - Re n tal Appraisal R epo rt - North Core ( Sept 2 013)

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APPENDIX 1 - BPRA RENTAL APPRAISAL

NORTH CORE APARTMENTS ASPECT

City, South Bank & Mt Coot-Tha

UNIT No.

N2101 4 bed, 4 bath

Gross Area

659

Carparks

4

Weekly rent (furnished)

n/a

21 ASPECT UNIT No. Gross Area Carparks

Weekly rent (unfurnished) Weekly rent (furnished)

Tribune - City

Tribune - City

Mt Coot Tha

Mt Coot Tha

N2001 N2002 N2003 N2004 3 bed, 3 bath 3 bed, 3 bath 2 bed, 2 bath 2 bed, 2 bath 288 247 102 92 3 3 2 2 n/a n/a $900 $850 $3,500 $3,250 $1,000 $950

20 ASPECT UNIT No. Gross Area Carparks

Weekly rent (unfurnished) Weekly rent (furnished)

Tribune - City

Tribune - City

Mt Coot Tha

Mt Coot Tha

N1901 N1902 N1903 N1904 3 bed, 3 bath 3 bed, 3 bath 2 bed, 2 bath 2 bed, 2 bath 288 247 102 92 3 3 2T 2T n/a n/a $880 $830 $3,250 $3,000 $980 $930

19 ASPECT UNIT No. Gross Area Car Parks

Weekly rent (unfurnished) Weekly rent (furnished)

Tribune - City

Tribune - City

Mt Coot Tha

Mt Coot Tha

N1801 N1802 N1803 N1804 3 bed, 3 bath 3 bed, 3 bath 2 bed, 2 bath 2 bed, 2 bath 288 247 102 92 3 3 2T 2T n/a n/a $865 $815 $3,250 $3,000 $965 $915

18 ASPECT UNIT No. Gross Area Carparks

Weekly rent (unfurnished) Weekly rent (furnished)

Tribune - City

Tribune - City

Mt Coot Tha

Mt Coot Tha

N1701 N1702 N1703 N1704 3 bed, 3 bath 3 bed, 3 bath 2 bed, 2 bath 2 bed, 2 bath 288 247 102 92 3 3 2T 2T n/a n/a $850 $800 $3,250 $3,000 $950 $900

17 ASPECT UNIT No. Gross Area

Tribune - City

City

Mt Coot Tha

N1601 N1602 3 bed, 3 bath 3 bed, 2.5 bath 230 188

Carparks

2

2

Weekly rent (unfurnished) Weekly rent (furnished)

n/a $2,900

n/a $2,400

Tribune - City

City

Mt Coot Tha Tribune - Coot Tha

Tribune

N1604 N1605 N1606 N1607 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 54 51 82 90 1 1 1 1 $555 $545 $655 $700 $660 $650 $755 $800

16 ASPECT UNIT No. Gross Area

Mt Coot Tha

N1501 N1502 3 bed, 3 bath 3 bed, 2.5 bath 230 188

Carparks

2

2

Weekly rent (unfurnished) Weekly rent (furnished)

n/a $2,800

n/a $2,300

Tribune - City

City

Mt Coot Tha Tribune - Coot Tha

Tribune

N1504 N1505 N1506 N1507 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 54 51 82 90 1 1 1 1 $550 $540 $650 $695 $655 $645 $750 $795

15 ASPECT UNIT No. Gross Area

Mt Coot Tha

N1401 N1402 3 bed, 3 bath 3 bed, 2.5 bath 230 188

Carparks

2

2

Weekly rent (unfurnished) Weekly rent (furnished)

n/a $2,700

n/a $2,200

Tribune - City

City

Mt Coot Tha Tribune - Coot Tha

Tribune

N1404 N1405 N1406 N1407 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 54 51 82 90 1 1 1 1 $545 $535 $645 $690 $650 $640 $745 $790

14 ASPECT UNIT No. Gross Area

Mt Coot Tha

N1301 N1302 3 bed, 3 bath 3 bed, 2.5 bath 230 188

Carparks

2

2

Weekly rent (unfurnished) Weekly rent (furnished)

n/a $2,600

n/a $2,100

Tribune - City

City

Mt Coot Tha Tribune - Coot Tha

Tribune

N1304 N1305 N1306 N1307 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 54 51 82 90 1 1 1 1 $540 $530 $640 $685 $645 $635 $740 $785

13 ASPECT UNIT No. Gross Area

Mt Coot Tha

N1201 N1202 3 bed, 3 bath 3 bed, 2.5 bath 230 188

Carparks

2

2

Weekly rent (unfurnished) Weekly rent (furnished)

n/a $2,500

n/a $2,000

Tribune - City

City

Mt Coot Tha Tribune - Coot Tha

Tribune

N1204 N1205 N1206 N1207 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 54 51 82 90 1 1 1 1 $535 $525 $635 $680 $640 $630 $735 $780

12 ASPECT UNIT No. Gross Area

Mt Coot Tha

N1101 N1102 3 bed, 3 bath 3 bed, 2.5 bath 261 200

Carparks

2

2

Weekly rent (unfurnished) Weekly rent (furnished)

n/a $2,750

n/a $2,250

Mt Coot Tha Tribune - Coot Tha

Tribune

N1104 N1105 N1106 N1107 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 53 52 82 90 1 1 1 1 $530 $520 $630 $675 $635 $625 $730 $775

11 ASPECT

City

UNIT No.

N1001 3 bed, 2 bath 285 65 5 n/a n/a

Internal sqm External sqm Carparks

Weekly rent (unfurnished) Weekly rent (furnished)

City

Mt Coot Tha

Mt Coot Tha

Mt Coot Tha

Tribune

N1002 N1004 N1005 N1006 N1007 2 bed, 2 bath 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 95 53 52 72 80 20 0 0 10 10 2T 0 0 1 1 $1,050 $490 $485 $625 $670 $1,150 $595 $590 $725 $770

10 ASPECT UNIT No. Gross Area Carparks

Weekly rent (unfurnished) Weekly rent (furnished)

City

City

City

Mt Coot Tha

Mt Coot Tha

Mt Coot Tha

Tribune

Tribune

N901 N902 N903 N904 N905 N906 N907 N908 3 bed, 2 bath 2 bed, 2 bath 2 bed, 2 bath 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 2 bed, 2 bath 161 110 104 53 52 82 90 89 2T 2T 2T 0 0 1 1 1 n/a $1,000 $950 $485 $480 $620 $665 $650 $2,000 $1,100 $1,050 $590 $585 $720 $765 $750

9 ASPECT UNIT No. Gross Area Carparks

Weekly rent (unfurnished) Weekly rent (furnished)

City

City

City

Mt Coot Tha

Mt Coot Tha

Mt Coot Tha

Tribune

Tribune

N801 N802 N803 N804 N805 N806 N807 N808 3 bed, 2 bath 2 bed, 2 bath 2 bed, 2 bath 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 2 bed, 2 bath 161 110 104 53 52 82 90 89 2T 2T 2T 0 0 1 1 1 n/a $950 $900 $480 $475 $615 $660 $645 $1,900 $1,050 $1,000 $585 $580 $715 $760 $745

8 ASPECT UNIT No. Gross Area Carparks

Weekly rent (unfurnished) Weekly rent (furnished)

City

City

City

Mt Coot Tha

Mt Coot Tha

Mt Coot Tha

Tribune

Tribune

N701 N702 N703 N704 N705 N706 N707 N708 3 bed, 2 bath 2 bed, 2 bath 2 bed, 2 bath 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 2 bed, 2 bath 161 110 104 53 52 82 90 89 2T 2T 2T 0 0 1 1 1 n/a $925 $875 $475 $470 $610 $655 $640 $1,750 $1,025 $975 $580 $575 $710 $755 $740

7 ASPECT UNIT No. Gross Area Carparks

Weekly rent (unfurnished) Weekly rent (furnished)

City

City

City

Mt Coot Tha

Mt Coot Tha

Mt Coot Tha

Tribune

Tribune

N601 N602 N603 N604 N605 N606 N607 N608 3 bed, 2 bath 2 bed, 2 bath 2 bed, 2 bath 1 bed, 1 bath 1 bed, 1 bath 2 bed, 2 bath 2 bed, 2 bath 2 bed, 2 bath 164 111 110 58 57 93 98 90 2T 2T 2T 0 0 1 1 1 n/a $900 $900 $475 $470 $645 $675 $625 $1,750 $1,000 $1,000 $580 $575 $745 $775 $725

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Rent appraisal undertaken by Broad Property Research & Advisory Pty Ltd , September 2013. Based on apartment sizes and designs as provided by Anthony John Group. Subsequent variations in apartment configurations may affect achievable rents. Actual rents for individual apartments will depend upon height above ground, views, aspect, and number of car parks. These rents should be achievable with an experienced on-site manager and once the project has been operational for 6-9 months.

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Appendix 2 Comparative rental analysis - South Bank area Project Admiralty Towers Alexander Boutique Apartments Allegro Apartments Arbour on Grey Artisan Ecco Apartments Flow Iceworks Koko Left Bank Macleay Tower Park Avenuer at Southbank Pier at Waterfront 371 Queen Street Riparian Plaza River Place (terrace homes) Riverpoint Riverview Gardens Rivers on the Park Saville South Bank Apartments Silhouette Skyline Apartments SL8 Soleil Station 16 SW1 Tempo The Capitol Apartments The Grosvenor Apartments Universal Apartments Vine on Russell Water's Edge

1-bed unfurnished

$485 per week $460 per week

1-bed furnished $600 per week

2-bed unfurnished

$565 per week

$620 per week $620 per week $620 per week

$540 per week $540 per week

2-bed furnished $820 per week $670 per week $720 per week

$690 per week $450 per week

$540 per week

3-bed furnished

$600 per week $635 per week

$1,100 per week $750 per week $710 per week $775 per week $840 per week

$1,600 per week

$1,550 per week

$3,500 per week* $1,600 per week $1,800 per week $3,000 per week $1,600 per week $1,780 per week

$620 per week $430 per week

$750 per week $820 per week $680 per week

$1,590 per week $1,150 per week

$485 per week $490 per week

$530 per week $570 per week $585 per week

$625 per week $750 per week

$850 per week

$650 per week

$680 per week

$460 per week $850 per week $460 per week $500 per week

$590 per week

$660 per week $750 per week

Broad Property Research & Advisory Pty Ltd, September 2013. Source: Various real estate and project websites; relevant property managers. *4-bedroom/4-bathroom furnished apartment

$1,150 per week


Sample Depreciation – Schedules


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 1306 - 2 Bed Unit YEAR

PURCHASE PRICE = $625,000

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

2,292 2,558 2,298 2,136 2,035 1,971 1,911 1,844 1,828 1,818 10,655

8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 243,495

10,408 10,674 10,415 10,253 10,151 10,088 10,027 9,960 9,945 9,935 254,150

TOTAL

31,345

324,660

356,005

Division 40 Allowances Plant $

10,408 21,082 31,497 41,749 51,901 61,988 72,015 81,975 91,920 101,855 254,150

Division 43 Allowances Building $

Total Yearly Capital Allowance $

4,126 3,853 3,140 2,597 2,174 1,838 1,568 1,347 1,164 1,011 8,527

8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 243,495

12,242 11,969 11,257 10,714 10,290 9,955 9,684 9,463 9,281 9,128 252,022

31,345

324,660

356,005

Cumulative Capital Allowance $

12,242 24,211 35,468 46,182 56,472 66,427 76,112 85,575 94,855 103,983 252,022

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

15,000 10,000 5,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

120,000 100,000 80,000 60,000

40,000 20,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-001 (10917) Date Issued: 19/06/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 1306 - 2 Bed Unit YEAR

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

2,292 2,558 2,298 2,136 2,035 1,971 1,911 1,844 1,828 1,818 10,655

8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 243,495

10,408 10,674 10,415 10,253 10,151 10,088 10,027 9,960 9,945 9,935 254,150

TOTAL

31,345

324,660

356,005

Division 40 Allowances Plant $

10,408 21,082 31,497 41,749 51,901 61,988 72,015 81,975 91,920 101,855 254,150

Division 43 Allowances Building $

Total Yearly Capital Allowance $

4,126 3,853 3,140 2,597 2,174 1,838 1,568 1,347 1,164 1,011 8,527

8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 243,495

12,242 11,969 11,257 10,714 10,290 9,955 9,684 9,463 9,281 9,128 252,022

31,345

324,660

356,005

Cumulative Capital Allowance $

12,242 24,211 35,468 46,182 56,472 66,427 76,112 85,575 94,855 103,983 252,022

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

15,000 10,000 5,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

120,000 100,000 80,000 60,000

40,000 20,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-001 (10917) Date Issued: 19/06/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 1307 - 2 Bed Unit YEAR

PURCHASE PRICE = $625,000

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

2,292 2,558 2,298 2,136 2,035 1,971 1,911 1,844 1,828 1,818 10,655

8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 243,495

10,408 10,674 10,415 10,253 10,151 10,088 10,027 9,960 9,945 9,935 254,150

TOTAL

31,345

324,660

356,005

Division 40 Allowances Plant $

10,408 21,082 31,497 41,749 51,901 61,988 72,015 81,975 91,920 101,855 254,150

Division 43 Allowances Building $

Total Yearly Capital Allowance $

4,126 3,853 3,140 2,597 2,174 1,838 1,568 1,347 1,164 1,011 8,527

8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 243,495

12,242 11,969 11,257 10,714 10,290 9,955 9,684 9,463 9,281 9,128 252,022

31,345

324,660

356,005

Cumulative Capital Allowance $

12,242 24,211 35,468 46,182 56,472 66,427 76,112 85,575 94,855 103,983 252,022

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

15,000 10,000 5,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

120,000 100,000 80,000 60,000

40,000 20,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-001 (10917) Date Issued: 19/06/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 1307 - 2 Bed Unit YEAR

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

2,292 2,558 2,298 2,136 2,035 1,971 1,911 1,844 1,828 1,818 10,655

8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 243,495

10,408 10,674 10,415 10,253 10,151 10,088 10,027 9,960 9,945 9,935 254,150

TOTAL

31,345

324,660

356,005

Division 40 Allowances Plant $

10,408 21,082 31,497 41,749 51,901 61,988 72,015 81,975 91,920 101,855 254,150

Division 43 Allowances Building $

Total Yearly Capital Allowance $

4,126 3,853 3,140 2,597 2,174 1,838 1,568 1,347 1,164 1,011 8,527

8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 8,116 243,495

12,242 11,969 11,257 10,714 10,290 9,955 9,684 9,463 9,281 9,128 252,022

31,345

324,660

356,005

Cumulative Capital Allowance $

12,242 24,211 35,468 46,182 56,472 66,427 76,112 85,575 94,855 103,983 252,022

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

15,000 10,000 5,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

120,000 100,000 80,000 60,000

40,000 20,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-001 (10917) Date Issued: 19/06/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 1308 - 1 Bed Unit YEAR

PURCHASE PRICE = $415,000

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

1,925 2,165 1,931 1,784 1,693 1,635 1,580 1,517 1,504 1,495 9,026

5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 166,181

7,464 7,704 7,470 7,324 7,232 7,175 7,119 7,057 7,043 7,034 175,207

TOTAL

26,254

221,575

247,829

Division 40 Allowances Plant $

7,464 15,168 22,639 29,962 37,194 44,369 51,488 58,545 65,588 72,622 175,207

Division 43 Allowances Building $

Total Yearly Capital Allowance $

3,435 3,234 2,628 2,169 1,813 1,532 1,306 1,122 971 844 7,200

5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 166,181

8,974 8,773 8,167 7,708 7,352 7,071 6,846 6,662 6,510 6,383 173,381

26,254

221,575

247,829

Cumulative Capital Allowance $

8,974 17,747 25,915 33,623 40,975 48,047 54,893 61,554 68,064 74,447 173,381

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

10,000 8,000 6,000 4,000 2,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

80,000 60,000 40,000

20,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-001 (10917) Date Issued: 19/06/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 1308 - 1 Bed Unit YEAR

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

1,925 2,165 1,931 1,784 1,693 1,635 1,580 1,517 1,504 1,495 9,026

5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 166,181

7,464 7,704 7,470 7,324 7,232 7,175 7,119 7,057 7,043 7,034 175,207

TOTAL

26,254

221,575

247,829

Division 40 Allowances Plant $

7,464 15,168 22,639 29,962 37,194 44,369 51,488 58,545 65,588 72,622 175,207

Division 43 Allowances Building $

Total Yearly Capital Allowance $

3,435 3,234 2,628 2,169 1,813 1,532 1,306 1,122 971 844 7,200

5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 5,539 166,181

8,974 8,773 8,167 7,708 7,352 7,071 6,846 6,662 6,510 6,383 173,381

26,254

221,575

247,829

Cumulative Capital Allowance $

8,974 17,747 25,915 33,623 40,975 48,047 54,893 61,554 68,064 74,447 173,381

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

10,000 8,000 6,000 4,000 2,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

80,000 60,000 40,000

20,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-001 (10917) Date Issued: 19/06/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 1309 - 1 Bed Unit YEAR

PURCHASE PRICE = $430,000

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

1,951 2,193 1,957 1,809 1,716 1,659 1,603 1,540 1,526 1,517 9,107

5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 171,285

7,660 7,903 7,666 7,518 7,426 7,368 7,312 7,249 7,235 7,226 180,392

TOTAL

26,576

228,381

254,956

Division 40 Allowances Plant $

7,660 15,563 23,229 30,747 38,173 45,542 52,854 60,103 67,338 74,564 180,392

Division 43 Allowances Building $

Total Yearly Capital Allowance $

3,483 3,276 2,663 2,197 1,836 1,552 1,323 1,136 982 854 7,274

5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 171,285

9,192 8,986 8,372 7,907 7,546 7,261 7,032 6,846 6,692 6,563 178,560

26,576

228,381

254,956

Cumulative Capital Allowance $

9,192 18,178 26,551 34,457 42,003 49,264 56,296 63,142 69,834 76,397 178,560

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

10,000 8,000 6,000 4,000 2,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

80,000 60,000 40,000

20,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-001 (10917) Date Issued: 19/06/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 1309 - 1 Bed Unit YEAR

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

1,951 2,193 1,957 1,809 1,716 1,659 1,603 1,540 1,526 1,517 9,107

5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 171,285

7,660 7,903 7,666 7,518 7,426 7,368 7,312 7,249 7,235 7,226 180,392

TOTAL

26,576

228,381

254,956

Division 40 Allowances Plant $

7,660 15,563 23,229 30,747 38,173 45,542 52,854 60,103 67,338 74,564 180,392

Division 43 Allowances Building $

Total Yearly Capital Allowance $

3,483 3,276 2,663 2,197 1,836 1,552 1,323 1,136 982 854 7,274

5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 5,710 171,285

9,192 8,986 8,372 7,907 7,546 7,261 7,032 6,846 6,692 6,563 178,560

26,576

228,381

254,956

Cumulative Capital Allowance $

9,192 18,178 26,551 34,457 42,003 49,264 56,296 63,142 69,834 76,397 178,560

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

10,000 8,000 6,000 4,000 2,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

80,000 60,000 40,000

20,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-001 (10917) Date Issued: 19/06/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 1902 - 3 Bed Unit YEAR

PURCHASE PRICE = $3,250,000

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

6,530 7,280 6,548 6,091 5,805 5,627 5,475 5,326 5,282 5,255 31,147

19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 588,631

26,151 26,901 26,169 25,712 25,426 25,248 25,096 24,947 24,903 24,876 619,778

TOTAL

90,367

784,841

875,209

Division 40 Allowances Plant $

26,151 53,051 79,221 104,933 130,360 155,607 180,704 205,651 230,554 255,431 619,778

Division 43 Allowances Building $

Total Yearly Capital Allowance $

11,799 10,976 8,931 7,375 6,167 5,213 4,446 3,822 3,307 2,879 25,453

19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 588,631

31,420 30,597 28,552 26,996 25,788 24,834 24,067 23,443 22,928 22,500 614,084

90,367

784,841

875,209

Cumulative Capital Allowance $

31,420 62,017 90,569 117,565 143,353 168,187 192,254 215,697 238,625 261,125 614,084

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

40,000 30,000 20,000 10,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

300,000 250,000 200,000 150,000

100,000 50,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-002 (10917) - North Tower Date Issued: 4/10/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 1902 - 3 Bed Unit YEAR

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

6,530 7,280 6,548 6,091 5,805 5,627 5,475 5,326 5,282 5,255 31,147

19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 588,631

26,151 26,901 26,169 25,712 25,426 25,248 25,096 24,947 24,903 24,876 619,778

TOTAL

90,367

784,841

875,209

Division 40 Allowances Plant $

26,151 53,051 79,221 104,933 130,360 155,607 180,704 205,651 230,554 255,431 619,778

Division 43 Allowances Building $

Total Yearly Capital Allowance $

11,799 10,976 8,931 7,375 6,167 5,213 4,446 3,822 3,307 2,879 25,453

19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 19,621 588,631

31,420 30,597 28,552 26,996 25,788 24,834 24,067 23,443 22,928 22,500 614,084

90,367

784,841

875,209

Cumulative Capital Allowance $

31,420 62,017 90,569 117,565 143,353 168,187 192,254 215,697 238,625 261,125 614,084

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

40,000 30,000 20,000 10,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

300,000 250,000 200,000 150,000

100,000 50,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-002 (10917) - North Tower Date Issued: 4/10/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 807 - 2 Bed Unit YEAR

PURCHASE PRICE = $695,000

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

2,329 2,618 2,336 2,159 2,049 1,980 1,918 1,852 1,835 1,824 12,105

8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 242,416

10,409 10,699 10,416 10,240 10,130 10,061 9,998 9,932 9,915 9,905 254,521

TOTAL

33,005

323,221

356,226

Division 40 Allowances Plant $

10,409 21,108 31,524 41,764 51,894 61,954 71,953 81,885 91,800 101,705 254,521

Division 43 Allowances Building $

Total Yearly Capital Allowance $

4,165 3,931 3,208 2,659 2,234 1,897 1,626 1,405 1,222 1,068 9,589

8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 242,416

12,245 12,012 11,289 10,740 10,314 9,978 9,707 9,485 9,302 9,148 252,005

33,005

323,221

356,226

Cumulative Capital Allowance $

12,245 24,257 35,545 46,285 56,600 66,578 76,284 85,770 95,072 104,221 252,005

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

15,000 10,000 5,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

120,000 100,000 80,000 60,000

40,000 20,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-002 (10917) - North Tower Date Issued: 4/10/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 807 - 2 Bed Unit YEAR

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

2,329 2,618 2,336 2,159 2,049 1,980 1,918 1,852 1,835 1,824 12,105

8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 242,416

10,409 10,699 10,416 10,240 10,130 10,061 9,998 9,932 9,915 9,905 254,521

TOTAL

33,005

323,221

356,226

Division 40 Allowances Plant $

10,409 21,108 31,524 41,764 51,894 61,954 71,953 81,885 91,800 101,705 254,521

Division 43 Allowances Building $

Total Yearly Capital Allowance $

4,165 3,931 3,208 2,659 2,234 1,897 1,626 1,405 1,222 1,068 9,589

8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 8,081 242,416

12,245 12,012 11,289 10,740 10,314 9,978 9,707 9,485 9,302 9,148 252,005

33,005

323,221

356,226

Cumulative Capital Allowance $

12,245 24,257 35,545 46,285 56,600 66,578 76,284 85,770 95,072 104,221 252,005

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

15,000 10,000 5,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

120,000 100,000 80,000 60,000

40,000 20,000 0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-002 (10917) - North Tower Date Issued: 4/10/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 702 - 2 Bed Unit YEAR

PURCHASE PRICE = $975,000

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

3,022 3,393 3,031 2,805 2,663 2,575 2,495 2,411 2,389 2,376 15,545

9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 273,123

12,126 12,497 12,135 11,909 11,767 11,679 11,599 11,515 11,493 11,480 288,668

TOTAL

42,705

364,164

406,869

Division 40 Allowances Plant $

12,126 24,623 36,758 48,667 60,434 72,113 83,712 95,227 106,721 118,201 288,668

Division 43 Allowances Building $

Total Yearly Capital Allowance $

5,412 5,098 4,159 3,446 2,893 2,456 2,104 1,816 1,578 1,379 12,362

9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 273,123

14,516 14,202 13,263 12,550 11,998 11,560 11,208 10,921 10,682 10,483 285,485

42,705

364,164

406,869

Cumulative Capital Allowance $

14,516 28,718 41,981 54,532 66,529 78,090 89,298 100,218 110,901 121,384 285,485

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

15,000 10,000 5,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

140,000 120,000

100,000 80,000 60,000 40,000 20,000

0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-002 (10917) - North Tower Date Issued: 4/10/2013


SOUTHPOINT, SOUTHBANK ESTIMATE OF CAPITAL ALLOWANCES AND TAX DEPRECIATION

Unit 702 - 2 Bed Unit YEAR

PRIME COST METHOD Division 40

First Year Allowances Period Plant 365 $

Division 43 Allowances Building $

Total Yearly Capital Allowance $

DIMINISHING VALUE METHOD Cumulative Capital Allowance $

1 2 3 4 5 6 7 8 9 10 Balance

3,022 3,393 3,031 2,805 2,663 2,575 2,495 2,411 2,389 2,376 15,545

9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 273,123

12,126 12,497 12,135 11,909 11,767 11,679 11,599 11,515 11,493 11,480 288,668

TOTAL

42,705

364,164

406,869

Division 40 Allowances Plant $

12,126 24,623 36,758 48,667 60,434 72,113 83,712 95,227 106,721 118,201 288,668

Division 43 Allowances Building $

Total Yearly Capital Allowance $

5,412 5,098 4,159 3,446 2,893 2,456 2,104 1,816 1,578 1,379 12,362

9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 9,104 273,123

14,516 14,202 13,263 12,550 11,998 11,560 11,208 10,921 10,682 10,483 285,485

42,705

364,164

406,869

Cumulative Capital Allowance $

14,516 28,718 41,981 54,532 66,529 78,090 89,298 100,218 110,901 121,384 285,485

ANNUAL ENTITLEMENTS D.V.M. P.C.M.

15,000 10,000 5,000 0 1

2

3

4

5

6

7

8

9

10

CUMULATIVE ENTITLEMENTS D.V.M. P.C.M.

140,000 120,000

100,000 80,000 60,000 40,000 20,000

0 1

2

3

4

5

6

7

8

9

10

NOTES TO PROSPECTIVE PURCHASER The above tables represent an assessment of Capital Allowances and Tax Depreciation that would normally be available for the Purchase of this Property. The methodology statement contained in the Report preamble forms an essential part of the entire document and must be read in conjunction with the above table. This assessment of Capital Allowances and Tax Depreciation cannot be submitted to the ATO as a detailed Report because it is an ESTIMATE ONLY and does not meet the ATO's criteria apropos the final settlement details and construction cost pertinent to the individual purchase. Please contact Rider Levett Bucknall in Brisbane on (07) 3009 6933, in order to request the Final Detailed Capital Allowances and Tax Depreciation Report for submission to the ATO.

yt-002 (10917) - North Tower Date Issued: 4/10/2013


Body Corporate – Estimates


Lessees for South Point Apartments Schedule of Lot Entitlements and Levies All amounts include GST

Caretaker's Fees * LOT NO.

Unit No.

Lot Entitlement

Body Corporate Hotel Services Manager's Fees** Agreement Fee***

Administrative Fund Contribution

Sinking Fund Contribution

Total Total Contributions Per Contributions Per Week Year #

(included in Admin (included in Admin (included in Admin Fund) Fund) Fund) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69

S601 S602 S603 S604 S605 S606 S607 S608 S609 S701 S702 S703 S704 S705 S706 S707 S708 S709 S801 S802 S803 S804 S805 S806 S807 S808 S809 S901 S902 S903 S904 S905 S906 S907 S908 S909 S1001 S1002 S1003 S1004 S1005 S1006 S1007 S1008 S1009 S1101 S1102 S1103 S1104 S1105 S1106 S1107 S1108 S1109 S1201 S1202 S1203 S1204 S1206 S1207 S1208 S1209 S1301 S1302 S1303 S1304 S1306 S1307 S1308

70 71 83 82 83 81 81 70 70 70 71 83 82 83 81 81 70 70 70 71 83 82 83 81 81 70 70 70 71 83 82 83 81 81 70 70 70 71 83 82 83 81 81 70 70 70 71 83 82 83 81 81 70 70 70 71 83 105 81 81 70 70 70 71 83 105 81 81 70

$994.54 $1,008.74 $1,179.23 $1,165.03 $1,179.23 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,165.03 $1,179.23 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,165.03 $1,179.23 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,165.03 $1,179.23 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,165.03 $1,179.23 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,165.03 $1,179.23 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,491.80 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,491.80 $1,150.82 $1,150.82 $994.54

$267.61 $271.43 $317.30 $313.48 $317.30 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $313.48 $317.30 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $313.48 $317.30 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $313.48 $317.30 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $313.48 $317.30 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $313.48 $317.30 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $401.41 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $401.41 $309.66 $309.66 $267.61

$313.66 $318.14 $371.91 $367.43 $371.91 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $367.43 $371.91 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $367.43 $371.91 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $367.43 $371.91 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $367.43 $371.91 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $367.43 $371.91 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $470.49 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $470.49 $362.95 $362.95 $313.66

$3,592.58 $3,643.91 $4,259.78 $4,208.46 $4,259.78 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $4,208.46 $4,259.78 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $4,208.46 $4,259.78 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $4,208.46 $4,259.78 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $4,208.46 $4,259.78 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $4,208.46 $4,259.78 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $5,388.88 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $5,388.88 $4,157.13 $4,157.13 $3,592.58

$516.39 $523.77 $612.30 $604.92 $612.30 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $604.92 $612.30 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $604.92 $612.30 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $604.92 $612.30 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $604.92 $612.30 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $604.92 $612.30 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $774.59 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $774.59 $597.54 $597.54 $516.39

$4,108.98 $4,167.68 $4,872.07 $4,813.37 $4,872.07 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $4,813.37 $4,872.07 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $4,813.37 $4,872.07 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $4,813.37 $4,872.07 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $4,813.37 $4,872.07 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $4,813.37 $4,872.07 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $6,163.47 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $6,163.47 $4,754.67 $4,754.67 $4,108.98

$79.02 $80.15 $93.69 $92.56 $93.69 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $92.56 $93.69 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $92.56 $93.69 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $92.56 $93.69 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $92.56 $93.69 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $92.56 $93.69 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $118.53 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $118.53 $91.44 $91.44 $79.02


Lessees for South Point Apartments Schedule of Lot Entitlements and Levies All amounts include GST

Caretaker's Fees * LOT NO.

Unit No.

Lot Entitlement

Body Corporate Hotel Services Manager's Fees** Agreement Fee***

Administrative Fund Contribution

Sinking Fund Contribution

Total Total Contributions Per Contributions Per Week Year #

(included in Admin (included in Admin (included in Admin Fund) Fund) Fund) 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 TOTALS

S1309 S1401 S1402 S1403 S1404 S1406 S1407 S1408 S1409 S1501 S1502 S1503 S1504 S1506 S1507 S1508 S1509 S1601 S1602 S1603 S1604 S1606 S1607 S1608 S1609 S1701 S1702 S1703 S1704 S1705 S1706 S1707 S1708 S1709 S1801 S1802 S1803 S1804 S1805 S1806 S1807 S1808 S1809 S1901 S1902 S1903 S1904 S1905 S1906 S1907 S1908 S1909 S2001 S2002 S2003 S2004 S2005 S2006 S2007 S2008 S2009

70 70 71 83 105 81 81 70 70 70 71 83 105 81 81 70 70 70 71 83 105 81 81 70 70 70 71 83 82 83 81 81 70 70 70 71 83 82 83 81 81 70 70 70 71 83 82 83 81 81 70 70 70 71 83 82 83 81 81 70 70 10065

$994.54 $994.54 $1,008.74 $1,179.23 $1,491.80 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,491.80 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,491.80 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,165.03 $1,179.23 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,165.03 $1,179.23 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,165.03 $1,179.23 $1,150.82 $1,150.82 $994.54 $994.54 $994.54 $1,008.74 $1,179.23 $1,165.03 $1,179.23 $1,150.82 $1,150.82 $994.54 $994.54

$267.61 $267.61 $271.43 $317.30 $401.41 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $401.41 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $401.41 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $313.48 $317.30 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $313.48 $317.30 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $313.48 $317.30 $309.66 $309.66 $267.61 $267.61 $267.61 $271.43 $317.30 $313.48 $317.30 $309.66 $309.66 $267.61 $267.61

$313.66 $313.66 $318.14 $371.91 $470.49 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $470.49 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $470.49 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $367.43 $371.91 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $367.43 $371.91 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $367.43 $371.91 $362.95 $362.95 $313.66 $313.66 $313.66 $318.14 $371.91 $367.43 $371.91 $362.95 $362.95 $313.66 $313.66

$3,592.58 $3,592.58 $3,643.91 $4,259.78 $5,388.88 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $5,388.88 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $5,388.88 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $4,208.46 $4,259.78 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $4,208.46 $4,259.78 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $4,208.46 $4,259.78 $4,157.13 $4,157.13 $3,592.58 $3,592.58 $3,592.58 $3,643.91 $4,259.78 $4,208.46 $4,259.78 $4,157.13 $4,157.13 $3,592.58 $3,592.58

$516.39 $516.39 $523.77 $612.30 $774.59 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $774.59 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $774.59 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $604.92 $612.30 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $604.92 $612.30 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $604.92 $612.30 $597.54 $597.54 $516.39 $516.39 $516.39 $523.77 $612.30 $604.92 $612.30 $597.54 $597.54 $516.39 $516.39

$4,108.98 $4,108.98 $4,167.68 $4,872.07 $6,163.47 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $6,163.47 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $6,163.47 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $4,813.37 $4,872.07 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $4,813.37 $4,872.07 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $4,813.37 $4,872.07 $4,754.67 $4,754.67 $4,108.98 $4,108.98 $4,108.98 $4,167.68 $4,872.07 $4,813.37 $4,872.07 $4,754.67 $4,754.67 $4,108.98 $4,108.98

$79.02 $79.02 $80.15 $93.69 $118.53 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $118.53 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $118.53 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $92.56 $93.69 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $92.56 $93.69 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $92.56 $93.69 $91.44 $91.44 $79.02 $79.02 $79.02 $80.15 $93.69 $92.56 $93.69 $91.44 $91.44 $79.02 $79.02

$143,000.00

$38,478.00

$45,100.00

$516,562.29

$74,250.00

$590,812.29

$11,361.77

* This fee includes the Caretaker Fee, Caretaker Disbursements and GST. It is included in the Administrative Fund Contribution levy. ** This fee includes the Secretarial Fees, Disbursements, all other fees payable to the Body Corporate Manager and GST. It is included in the Administrative Fund Contribution levy. *** This fee includes the Hotel Services Agreement Fee and GST. It is included in the Administrative Fund Contribution levy. # The Total Contributions Per Year column is the the total amount of annual contributions (including administrative and sinking funds) reasonably expected to be payable to the body corporate by the owner of the proposed lot in a 12 month period.


Lessees for South Point Residences Schedule of Lot Entitlements and Levies All amounts include GST

LOT NO.

Unit No.

Lot Entitlement

Caretaker's Fees Body Corporate * Manager's Fees**

Hotel Services Agreement Fee***

Administrative Fund Contribution

Sinking Fund Contribution

Total Contributions # Per Year

Total Contributions Per Week

(included in Admin (included in Admin (included in Admin Fund) Fund) Fund) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73

N601 N602 N603 N604 N605 N606 N607 N608 N701 N702 N703 N704 N705 N706 N707 N708 N801 N802 N803 N804 N805 N806 N807 N808 N901 N902 N903 N904 N905 N906 N907 N908 N1001 N1002 N1004 N1005 N1006 N1007 N1101 N1102 N1104 N1105 N1106 N1107 N1201 N1202 N1204 N1205 N1206 N1207 N1301 N1302 N1304 N1305 N1306 N1307 N1401 N1402 N1404 N1405 N1406 N1407 N1501 N1502 N1504 N1505 N1506 N1507 N1601 N1602 N1604 N1605 N1606

123 106 105 91 91 102 104 103 123 106 105 91 91 102 104 103 123 106 105 91 91 102 104 103 123 106 105 91 91 102 104 103 152 107 91 91 102 104 136 127 91 91 102 104 136 127 91 91 102 104 136 127 91 91 102 104 136 126 91 91 102 104 136 126 91 91 102 104 136 126 91 91 102

$1,682.59 $1,450.04 $1,436.36 $1,244.85 $1,244.85 $1,395.32 $1,422.68 $1,409.00 $1,682.59 $1,450.04 $1,436.36 $1,244.85 $1,244.85 $1,395.32 $1,422.68 $1,409.00 $1,682.59 $1,450.04 $1,436.36 $1,244.85 $1,244.85 $1,395.32 $1,422.68 $1,409.00 $1,682.59 $1,450.04 $1,436.36 $1,244.85 $1,244.85 $1,395.32 $1,422.68 $1,409.00 $2,079.30 $1,463.72 $1,244.85 $1,244.85 $1,395.32 $1,422.68 $1,860.43 $1,737.31 $1,244.85 $1,244.85 $1,395.32 $1,422.68 $1,860.43 $1,737.31 $1,244.85 $1,244.85 $1,395.32 $1,422.68 $1,860.43 $1,737.31 $1,244.85 $1,244.85 $1,395.32 $1,422.68 $1,860.43 $1,723.63 $1,244.85 $1,244.85 $1,395.32 $1,422.68 $1,860.43 $1,723.63 $1,244.85 $1,244.85 $1,395.32 $1,422.68 $1,860.43 $1,723.63 $1,244.85 $1,244.85 $1,395.32

$336.36 $289.87 $287.13 $248.85 $248.85 $278.93 $284.40 $281.66 $336.36 $289.87 $287.13 $248.85 $248.85 $278.93 $284.40 $281.66 $336.36 $289.87 $287.13 $248.85 $248.85 $278.93 $284.40 $281.66 $336.36 $289.87 $287.13 $248.85 $248.85 $278.93 $284.40 $281.66 $415.66 $292.60 $248.85 $248.85 $278.93 $284.40 $371.91 $347.29 $248.85 $248.85 $278.93 $284.40 $371.91 $347.29 $248.85 $248.85 $278.93 $284.40 $371.91 $347.29 $248.85 $248.85 $278.93 $284.40 $371.91 $344.56 $248.85 $248.85 $278.93 $284.40 $371.91 $344.56 $248.85 $248.85 $278.93 $284.40 $371.91 $344.56 $248.85 $248.85 $278.93

$551.15 $474.97 $470.49 $407.76 $407.76 $457.05 $466.01 $461.53 $551.15 $474.97 $470.49 $407.76 $407.76 $457.05 $466.01 $461.53 $551.15 $474.97 $470.49 $407.76 $407.76 $457.05 $466.01 $461.53 $551.15 $474.97 $470.49 $407.76 $407.76 $457.05 $466.01 $461.53 $681.09 $479.45 $407.76 $407.76 $457.05 $466.01 $609.40 $569.07 $407.76 $407.76 $457.05 $466.01 $609.40 $569.07 $407.76 $407.76 $457.05 $466.01 $609.40 $569.07 $407.76 $407.76 $457.05 $466.01 $609.40 $564.59 $407.76 $407.76 $457.05 $466.01 $609.40 $564.59 $407.76 $407.76 $457.05 $466.01 $609.40 $564.59 $407.76 $407.76 $457.05

$5,808.82 $5,005.98 $4,958.75 $4,297.59 $4,297.59 $4,817.07 $4,911.53 $4,864.30 $5,808.82 $5,005.98 $4,958.75 $4,297.59 $4,297.59 $4,817.07 $4,911.53 $4,864.30 $5,808.82 $5,005.98 $4,958.75 $4,297.59 $4,297.59 $4,817.07 $4,911.53 $4,864.30 $5,808.82 $5,005.98 $4,958.75 $4,297.59 $4,297.59 $4,817.07 $4,911.53 $4,864.30 $7,178.38 $5,053.21 $4,297.59 $4,297.59 $4,817.07 $4,911.53 $6,422.77 $5,997.73 $4,297.59 $4,297.59 $4,817.07 $4,911.53 $6,422.77 $5,997.73 $4,297.59 $4,297.59 $4,817.07 $4,911.53 $6,422.77 $5,997.73 $4,297.59 $4,297.59 $4,817.07 $4,911.53 $6,422.77 $5,950.50 $4,297.59 $4,297.59 $4,817.07 $4,911.53 $6,422.77 $5,950.50 $4,297.59 $4,297.59 $4,817.07 $4,911.53 $6,422.77 $5,950.50 $4,297.59 $4,297.59 $4,817.07

$912.91 $786.74 $779.31 $675.40 $675.40 $757.05 $771.89 $764.47 $912.91 $786.74 $779.31 $675.40 $675.40 $757.05 $771.89 $764.47 $912.91 $786.74 $779.31 $675.40 $675.40 $757.05 $771.89 $764.47 $912.91 $786.74 $779.31 $675.40 $675.40 $757.05 $771.89 $764.47 $1,128.15 $794.16 $675.40 $675.40 $757.05 $771.89 $1,009.40 $942.60 $675.40 $675.40 $757.05 $771.89 $1,009.40 $942.60 $675.40 $675.40 $757.05 $771.89 $1,009.40 $942.60 $675.40 $675.40 $757.05 $771.89 $1,009.40 $935.18 $675.40 $675.40 $757.05 $771.89 $1,009.40 $935.18 $675.40 $675.40 $757.05 $771.89 $1,009.40 $935.18 $675.40 $675.40 $757.05

$6,721.73 $5,792.71 $5,738.07 $4,972.99 $4,972.99 $5,574.12 $5,683.42 $5,628.77 $6,721.73 $5,792.71 $5,738.07 $4,972.99 $4,972.99 $5,574.12 $5,683.42 $5,628.77 $6,721.73 $5,792.71 $5,738.07 $4,972.99 $4,972.99 $5,574.12 $5,683.42 $5,628.77 $6,721.73 $5,792.71 $5,738.07 $4,972.99 $4,972.99 $5,574.12 $5,683.42 $5,628.77 $8,306.53 $5,847.36 $4,972.99 $4,972.99 $5,574.12 $5,683.42 $7,432.16 $6,940.33 $4,972.99 $4,972.99 $5,574.12 $5,683.42 $7,432.16 $6,940.33 $4,972.99 $4,972.99 $5,574.12 $5,683.42 $7,432.16 $6,940.33 $4,972.99 $4,972.99 $5,574.12 $5,683.42 $7,432.16 $6,885.68 $4,972.99 $4,972.99 $5,574.12 $5,683.42 $7,432.16 $6,885.68 $4,972.99 $4,972.99 $5,574.12 $5,683.42 $7,432.16 $6,885.68 $4,972.99 $4,972.99 $5,574.12

$129.26 $111.40 $110.35 $95.63 $95.63 $107.19 $109.30 $108.25 $129.26 $111.40 $110.35 $95.63 $95.63 $107.19 $109.30 $108.25 $129.26 $111.40 $110.35 $95.63 $95.63 $107.19 $109.30 $108.25 $129.26 $111.40 $110.35 $95.63 $95.63 $107.19 $109.30 $108.25 $159.74 $112.45 $95.63 $95.63 $107.19 $109.30 $142.93 $133.47 $95.63 $95.63 $107.19 $109.30 $142.93 $133.47 $95.63 $95.63 $107.19 $109.30 $142.93 $133.47 $95.63 $95.63 $107.19 $109.30 $142.93 $132.42 $95.63 $95.63 $107.19 $109.30 $142.93 $132.42 $95.63 $95.63 $107.19 $109.30 $142.93 $132.42 $95.63 $95.63 $107.19


Lessees for South Point Residences Schedule of Lot Entitlements and Levies All amounts include GST

LOT NO.

Unit No.

Lot Entitlement

Caretaker's Fees Body Corporate * Manager's Fees**

Hotel Services Agreement Fee***

Administrative Fund Contribution

Sinking Fund Contribution

Total Contributions # Per Year

Total Contributions Per Week

(included in Admin (included in Admin (included in Admin Fund) Fund) Fund) 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 TOTALS

N1607 N1701 N1702 N1703 N1704 N1801 N1802 N1803 N1804 N1901 N1902 N1903 N1904 N2001 N2002 N2003 N2004 N2101

104 144 137 104 103 144 137 104 103 144 137 104 103 144 137 104 103 202 10004

$1,422.68 $1,969.87 $1,874.11 $1,422.68 $1,409.00 $1,969.87 $1,874.11 $1,422.68 $1,409.00 $1,969.87 $1,874.11 $1,422.68 $1,409.00 $1,969.87 $1,874.11 $1,422.68 $1,409.00 $2,763.28

$284.40 $393.78 $374.64 $284.40 $281.66 $393.78 $374.64 $284.40 $281.66 $393.78 $374.64 $284.40 $281.66 $393.78 $374.64 $284.40 $281.66 $552.39

$466.01 $645.25 $613.88 $466.01 $461.53 $645.25 $613.88 $466.01 $461.53 $645.25 $613.88 $466.01 $461.53 $645.25 $613.88 $466.01 $461.53 $905.14

$4,911.53 $6,800.57 $6,469.99 $4,911.53 $4,864.30 $6,800.57 $6,469.99 $4,911.53 $4,864.30 $6,800.57 $6,469.99 $4,911.53 $4,864.30 $6,800.57 $6,469.99 $4,911.53 $4,864.30 $9,539.70

$771.89 $1,068.77 $1,016.82 $771.89 $764.47 $1,068.77 $1,016.82 $771.89 $764.47 $1,068.77 $1,016.82 $771.89 $764.47 $1,068.77 $1,016.82 $771.89 $764.47 $1,499.25

$5,683.42 $7,869.35 $7,486.81 $5,683.42 $5,628.77 $7,869.35 $7,486.81 $5,683.42 $5,628.77 $7,869.35 $7,486.81 $5,683.42 $5,628.77 $7,869.35 $7,486.81 $5,683.42 $5,628.77 $11,038.95

$109.30 $151.33 $143.98 $109.30 $108.25 $151.33 $143.98 $109.30 $108.25 $151.33 $143.98 $109.30 $108.25 $151.33 $143.98 $109.30 $108.25 $212.29

$136,851.00

$27,357.00

$44,826.67

$472,451.05

$74,250.00

$546,701.05

$10,513.48

* This fee includes the Caretaker Fee, Caretaker Disbursements and GST. It is included in the Administrative Fund Contribution levy. ** This fee includes the Secretarial Fees, Disbursements, all other fees payable to the Body Corporate Manager and GST. It is included in the Administrative Fund Contribution levy. *** This fee includes the Hotel Services Agreement Fee and GST. It is included in the Administrative Fund Contribution levy. # The Total Contributions Per Year column is the the total amount of annual contributions (including administrative and sinking funds) reasonably expected to be payable to the body corporate by the owner of the proposed lot in a 12 month period.


Expression of – Interest


Expression of Interest Section 1 – Agent Selling Agency Name Sales Representative Address Phone Mobile Email ABN & Licence No Section 2 – Property Details Proposed Lot No

Apartment No

Stage

Southpoint South (Apartments) Southpoint North (Residences)

Apartment Type Type of Finish

Ash

Exclusive Use Areas

Oak (select one)

Car Park

(AJG will complete)

Storage Area

(if applicable AJG will complete)

Purchase Price Total Purchase Price

$

(inclusive of GST)

Deposit Holding Deposit

$

Initial Deposit

$ Payable on signing of contract. If proceed to contract the holding deposit will constitute the Initial Deposit.

Balance Deposit

$

Payable: 14 days from the contract date

Total Deposit

$

(equivalent to 10% of the contract price)

Deposit Holder

Minter Ellison Lawyers

Section 2 – Interested Party Details Complete this part if the interested party is a company Company Name ABN Tax File No Address Telephone Mobile/Facsimile Email Page 1 of 5 S:\01 South Point\2. South Point A\05 Leasing & Sales\05.02 Residential\Template Documents\EOI Form for Southpoint.docx


Expression of Interest Is the Interested Party a foreign corporation?

Yes

No

Director 1 (NB: Directors will be guarantors) Title

Mr Dr

Mrs

Miss

Director 2

Ms

Mr Dr

Mrs

Miss

Ms

Miss

Ms

Name Telephone Mobile/Facsimile Email Address Tax file number Additional guarantors Complete this part if the interested party is an individual/s Interested Party 1 Title

Mr Dr

Mrs

Interested Party 2 Miss

Ms

Mr Dr

Mrs

Name Telephone Mobile/facsimile Email Address Tax file number Is this Interested Party a foreign person?

Yes

No

Yes

No

Section 3 – Interested Party's solicitor (must be completed) Firm name Contact name Telephone Email

Address Tick this box to send contract to solicitor Page 2 of 5 S:\01 South Point\2. South Point A\05 Leasing & Sales\05.02 Residential\Template Documents\EOI Form for Southpoint.docx


Expression of Interest Section 4 – Special conditions/comments Reason for Purchase

Home

Investment

Special Conditions Comments The Interested party makes an expression of interest in relation to the Proposed Lot on the disclosed terms, which the Interested Party has read and understands

Signature

Signature

Name

Name

Dated

Dated

AJG Southpoint Pty Ltd as trustee for the Southpoint Trust acknowledge this expression of interest.

Signature Name Dated

Page 3 of 5 S:\01 South Point\2. South Point A\05 Leasing & Sales\05.02 Residential\Template Documents\EOI Form for Southpoint.docx


Expression of Interest Terms of Expression of Interest 1. 1.1 1.2 1.3 1.4

1.5 1.6

2. 2.1 2.2 2.3 2.4

3. 3.1 3.2

4. 4.1 4.2

Expression of interest AJG Southpoint Pty Ltd as trustee for the Southpoint Trust (AJG) intends to develop and sell leasehold lots within the Southpoint development at Southbank (the Scheme). It is currently intended that the Scheme will be registered and will include the Proposed Lot. The Interested Party expresses interest in the Proposed Lot. If: (a) AJG decides to proceed with the Scheme and create the Proposed Lot; and (b) before offering to sell the Proposed Lot to any other person, AJG may offer to sell the Proposed Lot to the Interested Party. AJG may decide not to proceed with construction of the Scheme in its absolute discretion. This expression of interest does not constitute any representation, promise, warranty or undertaking from AJG regarding any aspect of the Proposed Lot or the Scheme, including regarding the provision of a leasehold title in the Proposed Lot. The Interested Party must conduct its own enquiries and satisfy itself about the contents of any contract documents. AJG recommends the Interested Party obtain independent legal advice before making an offer to purchase the Proposed Lot. Holding Deposit The Interested Party pays to AJG, and AJG acknowledges receipt of, the Holding Deposit. The Interested Party authorises AJG to pay the Holding Deposit to the trust account of the Deposit Holder. The Interested Party agrees that the Holding Deposit will not be invested in an interestbearing account. If AJG does not accept an offer from the Interested Person to purchase the Proposed Lot or either party terminates this expression of interest, AJG will cause the Holding Deposit to be promptly refunded to the Interested Party (the refund will be payable to the payer). If an offer from the Interested Party to purchase the Proposed Lot is accepted by AJG, the Holding Deposit is to be allocated towards the deposit payable under any contract and will be dealt with in the manner provided for under that contract. Proposed terms AJG will provide the Interested Party with a copy of the proposed terms of the sale contract as soon as practicable. AJG may, at its discretion, change these terms and conditions. There will be no binding contract to buy and sell the Proposed Lot unless the Interested Party and AJG sign a sale contract. Proposed Lot The marketing plan provided is indicative of the currently proposed location, design and size of the Proposed Lot. AJG may, at its discretion, change the ultimate location, design and size of the Proposed Lot at its discretion.

Page 4 of 5 S:\01 South Point\2. South Point A\05 Leasing & Sales\05.02 Residential\Template Documents\EOI Form for Southpoint.docx


Expression of Interest 5. 5.1

5.2

5.3

End of Expression of Interest This expression of interest is not intended to be binding (except for clause 6) and may be withdrawn by the Interested Party providing to AJG notice in writing of the Interested Party's desire to withdraw. This expression of interest comes to an end if AJG notifies the Interested Party that it terminates this expression of interest, which AJG may do at any time in its absolute discretion. If this expression of interest is withdrawn by the Interested Party under clause 5.1, or terminated by AJG under clause 5.2, no party is liable to the other for any loss, damage, costs, expenses or claims.

6.

Notices Any notice or communication under this expression of interest must be delivered in writing to the other party by facsimile or email, or to the recipient's address as set out in this expression of interest by registered express post, registered post or by personal delivery to that address.

7. 7.1

Confidentiality The Interested Party must keep confidential all information relating to this expression of interest, including its existence (the Confidential Information), unless the information: (a) is rightfully known to the Interested Party, or in the Interested Party's possession or control and not subject to an obligation of confidentiality; (b) is public knowledge (except as a result of a breach of this clause 7); or (c) the Interested Party is required by law or any securities exchange or regulatory body to disclose. The Interested Party acknowledges that any breach of this clause 6 will result in AJG suffering damage. The Interested Party acknowledges that its obligations of confidentiality under this clause 7 are continuing obligations and will survive the termination of this expression of interest.

7.2 7.3

Trust Account Details Minter Ellison Trust Account ANZ Banking Group Limited Cnr Queen and Creek Streets Brisbane QLD 4000 BSB Account Reference

014 002 361 000 639 <<Last Name>>Southpoint<<Apartment Number>>

Page 5 of 5 S:\01 South Point\2. South Point A\05 Leasing & Sales\05.02 Residential\Template Documents\EOI Form for Southpoint.docx


Disclaimer The Statements and particulars (Information) in this document are made for the purpose of promotion only. The Anthony John Group (AJG), its agents, officers, employees and contractors do not warrant or represent the accuracy, currency or completeness of the Information. Nothing in the Information is intended to give rise to legal or equitable rights or to constitute an offer capable of acceptance. The Information is provided in good faith and while care has been taken in preparing and presenting the Information , AJG, its agents, officers and contractors to the fullest extent legally possible expressly disclaim any responsibility for any lack of accuracy, currency or completeness of the Information and they will not be liable to any person for any costs or expenses incurred or any actions taken in reliance on the Information or for any form of consequential or economic loss. Readers of the Information must make their own enquiries and satisfy themselves in all respects.

72


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Southpoint Agent Information Kit  

This is the latest copy of the Southpoint information kit.

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