“memorial mews” bowen project update
Development funding approved. Site works contract commenced. Demolition works application approved. Operational / civil works set to commence shortly.
Bowen basin has attracted a lot of infrastructure
The contract was fully executed with Bloomer
spending from the federal government in
Construction during December 2012, with the
regards to the Abbott Point Port expansion as of
project commencement in the middle of January
late. The effects of this are expected to translate
after the Christmas shutdown period.
into the housing market this year. Growth in corporate action and mining developments
From the execution of the contract, Bloomer Construction has been busy working through the
in the area are thus likely to increase significantly. With the continued demand for energy (including coal, a major export of this region) and other raw materials coming out of Australia’s still rapidly growing trading partners China and India, we see a significant opportunity for substantial growth in this local region.
detailed design needed for construction. Bloomer has lodged the Demolition Approval and received a permit granted by the local council. They are now expecting to lodge for full Operational Works and Building Approval within the coming weeks. Full scale site works are expected to commence upon receiving the Operational Works and Building
Moreover, the Bowen local property market can be seen to be resurging after cooling off following the global financial crises. Realestate. com.au reports a 62.5% annual increase in the median price of units sold Bowen at the close of
Approvals, which is expected to be due in early March. Preparation and the disconnection of services has commenced for the site and it is now ready for demolition.
2012, while RP data reports show the number of house sales returning to a trend upwards with house capital growth up 16%. Future Estate anticipate property prices to grow in this region going forward.
AT A GLANCE Overview:
22 townhouse development
6 Brisbane Street, Bowen,QLD
Forecast Construction Completion:
The development and construction of a townhouse project to provide wholesale prices for investors Funding approval in place
Building contract executed Site works commenced Project team mobilised Australian residential market has bottomed and is now growing Capital city median house price grew by 1.6% in Q2012 (RP Data)
Adjoining proposed development offers potential improvement of streetscape Anecdotally, market sentiment is on the rise
â€œmemorial mewsâ€? bowen project update Forecast project timeframe Completion of BA Drawings
Settlement of Sales
Bowen Floor plan
Important note This Investor Update document contains general information relating to the Lynter Group Bowen Residential Development Trust (Trust) and does not contain personal advice or financial product advice. This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on this information and making financial decisions, you should consider whether this information is appropriate for you and are recommended to seek independent financial, investment, tax and/or legal advice having regard to your own objectives, financial situation and needs. Any forward looking statements and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. The Trust is subject to various risks, including property industry risks and development and construction risks which may affect the performance of the Trust and investor returns. Accordingly, there is no guarantee that the Trust will complete the development within the timeframe forecast (or at all), and there is no guarantee that forecast or targeted investor returns, and/or returns of capital invested, will be achieved.