Cairns, Yorkeys Knob Beachfront Apartments From only $439,900

WHITEHAVEN APARTMENTS

RP Data and Terry Ryder rate Cairns in their Top 10

Snap Shot

Cash Flow Positive by up to $4,081 per year

Being within walking distance to Australia’s largest world class resort and close to all amenities, Whitehaven Apartments provide an Exceptional

& Timely

investment opportunity.

PROPERTY TYPES: PRICE RANGE: CAPITAL GROWTH: RENT YIELD: VACANCY RATE: TOTAL R.O.I.:

2 Bedroom Apartments From $439,900 14.9 % 6.4 % 1.9 % 21.3 %

Construction due to commence by DEC 2015, complete by July 2016 Disclaimer: All projections and assumptions are a prediction, and whilst Probity Investments has made every effort to ensure they are based on accurate and reliable information, they may be affected by assumptions that do not necessarily eventuate, or by known or unknown risks and uncertainties. The information in this publication does not represent financial advice and should not be regarded as such. It has been prepared without taking into account your financial situation or investment objectives. You should consider the appropriateness of the information in regards to your current financial situation or needs.

Probity Investments Pty Ltd accepts no responsibility for the accuracy or completeness of any such material. The information is subject to change without notice and Probity Investments Pty Ltd is under no obligation to update the information or correct any assumptions which may change over time.

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Queensland

07 3198 6200

Queensland is the second-largest and third-most populated state/ territory in Australia.

According to the latest data provided by the Queensland Government, Queensland’s current population sits at 4,740,927 people.

Population Growth

Economic growth

Queensland’s population is projected to double to around 9.4 million people by 2056 and is projected to replace Victoria as Australia’s second most populous state in 2050. Throughout the year, an annual 2% growth rate has been recorded in Queensland, which was higher than the national growth rate (1.8%). The state’s high rate of population growth will be driven by a continued strengthening of both net overseas migration and net interstate migration levels.

The Queensland State Budget forecasts economic growth of 6 percent in 2015 - 16 with Asia continuing to be the main driver of growth.

Queensland’s economy experienced the second highest average annual growth rate of any Australian state or territory over the last 20 years.

Queensland’s Gross State Product (GSP) is expected to grow very strongly (at 3%) in 201415 which will see Queensland become the nation’s leading economy. Over the coming years, Queensland’s unemployment rate is forecast to Migration Rate decline, with the years 2013/14 alone seeing Queensland is one of only two states forecast to more than 60,000 new jobs created, taking the experience positive net interstate migration for total number of employed persons to 2.32 million. the next four years, averaging 20,000 people per year. This rise is principally underpinned by mi- Looking ahead, Queensland is expected to congrants from both New South Wales and Victoria tinue to outstrip national growth. Sustained low driven to move due to the state’s relative hous- interest rates and stronger population growth are ing affordability, economic conditions continue expected to strengthen spending in the houseto decline and strong employment opportunities. hold sector.

For the year ended June 2016, the State’s net interstate migration level is forecast to rise from around 10,500 to 19,000.

Overseas migration has an immediate impact on the demand for housing as migrants require some form of housing on arrival, whether as renters (in most instances) or as owner-occupiers.

Source: Resolution Research Strategists © copyright - Probity Investments 2015

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Cairns The Australian Bureau of Statistics noted Cairns is the 14th largest city in Australia, with one of the fastest growing populations. As the 4th most popular tourist destination in Australia after Sydney, Melbourne and Brisbane, Carins is booming with all the upgrades on facilities.

Located on the north east coast of Queensland; a two-hour flight from Brisbane, or three-hour flight from Sydney, Cairns is the hub of Tropical North Queensland, which is 400,000sq km, equal to the combined size of California and Oregon or Spain and Portugal. Cairns also has the closest access to the Great Barrier Reef, which is the largest reef in the world, also the world’s largest World Heritage Area.

Population Growth Currently, there are 150,000 people within the Cairns Regional Council area. Cairns’ average population growth over the past ten years was 2.6% well above the Nation’s average of 1.5%. The Cairns Regional Council suggested the population of Cairns will reach 200,000 by 2022.

tion to 158,653 people in the city of Cairns alone.

Cairns of course services a wider area, estimated at 280,000 people.

In the year to June 2008, seven of the nine statistical divisions outside south-east Queensland increased in population, with four growing by more than 2.4%. The fastest-growing was Far North Qld (3.1%). Cairns as a region also had the fastest population growth (3.9%) of the local government areas outside south-east Queensland.

Economic growth

The region’s thriving economy is directly engaged with lucrative Asian markets and, through the tourism industry, is a key contributor to the economic prosperity of Queensland and the nation. The discovery of mineral deposits and the diversification of primary industries in the region Cairns’ population is increasing by more than 100 ensure a broad base from which industry and pripeople a week, a rate faster than any other region- vate enterprise flourish. al centre in Queensland. That number represents an increase of 3.9 per cent, bringing the popula-

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Yorkeys Knob “Yorkeys”, as this emerging coastal enclave is affectionately known by Cairns locals, is named after a local fisherman called Yorkey who lived on the rocky hill (‘knob’) adjacent to Half Moon Beach in the 1880’. Yorkeys Knob has the only Marina of the Cairns beaches.

Yorkeys Knob is a quick 10 minutes drive north of the Cairns International Airport along the Captain Cook Highway and this quaint Cairns Beaches destination has everything to offer holiday makers; safe swimming beaches, restaurants, convenience stores, holiday accommodation, yacht club and marina with boardwalk restaurant and a golf club that overlooks the ocean.

Population & Employment

ture and development, the population and employment in Yorkeys is set to soar. The figures speak for themselves.

Aquis Great Barrier Reef Resort / Casino will take place over two stages and create more than 6,500 full time construction jobs & 20,000 operational staff.

Stage 1 • •

3750 (construction) 11,000 (operational

Stage 2 • •

3500 (construction) An additional 9,000 (operational)

The Census population of Yorkey’s Knob in 2011 was 2,768, living in 1,539 dwellings with an aver- Cairns Airport Redevelopment onsite employage household size of 2.05. Yorkeys has long at- ment is estimated at 2,100 full-time equivalent tracted a strong demographic of “double income, per year. no kids” (DINKS) due to its ideal location.

Cairns Shipping Redevelopment will generate Employment levels in Yorkeys is being further 215 full-time equivalent jobs during construction bolstered by the growth of industry employing and up to 679 extra flow on jobs per year by 2041, highly skilled professional services. With the cur- significantly boosting local business, tourism and rent and planned investment in local infrastruc- the economy.

“Yorkeys is the most conveniently located and well serviced of the Cairns northern beaches with growing demand and restricted supply in the market.”

Sources: forecast.id.com.au, Queensland Department of State Development, Infrastructure & Planning

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Infrastructure

Aquis Great Barrier Reef Resort / Casino Located next to Whitehaven Apartments, with a total budget of $8.1 billion, Aquis Great Barrier Reef Resort will be Australia’s largest world class integrated resort. On completion, Aquis will attract more than 1,000,000 visitors per year to Cairns & Far North Queensland (FNQ), injecting billions of dollars to the local economy.

Read more

During the peak of construction in 2017, Aquis is expected to contribute $1.4b to Gross State Product (GSP). This is an increase of over $400 million in value added outside of FNQ region and across the rest of the State.

Cairns Airport Redevelopment

Read more

The Cairns airport is currently undergoing a $250 million redevelopment to mirror the international standard of the airports in the southern cities, which strengthen the airport’s position as one of the best in the country and appeal to the two million visitors to Cairns each year. A $1 billion redevelopment of Cairns Airport proposed over the next 20 years will ensure the airport land holdings continue to evolve as Australia’s Asia Pacific Integrated Hub.

Cairns Hospital Redevelopment

Read more Read more

The $454.6 million redevelopment of Cairns Hospital (previously known as Cairns Base Hospital) will provide an additional 168 beds in 2015, bringing the total to 531 beds.The redevelopment is a programme of works comprising a series of separate projects to relocate existing hospital services and support functions to allow the construction of a new, 33,000 sqm Clinical Services Building on the existing campus, integrated with the refurbished existing 43,000 sqm hospital.

Cairns Shipping Development Project The Cairns Shipping Development Project is a community project that will support Cairns to take its place as one of the premier cruise destinations in Australia, capitalising on the booming global cruise industry. The project is primarily an expansion of existing channel.

It is estimated the project will bring additional regional economic benefits of $634 million over 25 years.

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PROJECT FACT SHEET

PROJECT OVERVIEW The Aquis Great Barrier Reef Resort at Yorkeys Knob will be the largest, most exciting tourist destination in the Asia-Pacific region.

Utilising its proximity to the World Heritage listed Great Barrier Reef and Wet Tropics rainforests, as well as the Cairns International Airport, Aquis will compete on the world stage to attract tourists to Cairns and Far North Queensland, benefitting the local, state and national economies.

The resort is expected to attract up to one million guests a year - 74% from overseas - with an average stay of four nights, while the entertainment facilities will attract an additional 500,000 visitors annually.

Aquis is located to the south of the residential community of Yorkeys Knob, which is approximately 13 km north of the Cairns CBD and 6km north of Cairns International Airport.

The total site area of 340.6 ha comprises 11 freehold titles.

The vast majority of the site is currently utilised for cane farming and is predominately surrounded by remnant coastal vegetation and marine areas, much of which is protected by legislation.

The two-stage project has a total capital budget of more than $8 billion and represents the largest investment ever in Australia’s tourism infrastructure.

The project is separated into three main precincts.

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KEY FACTS

• 340.6 ha - total site area • 7,500 - total rooms across eight luxury hotels • $8.15 billion - total budget across two stages from 2014-2024 • 2018 - scheduled opening date • $55.4 billion - economy wide value added by 2030 • $18.5 billion - total tax contribution to governments from 2014-2030 • 3,750 - total jobs at peak construction in 2017 • 20,000 - total operational workforce • $1.4 billion - increase in Gross State product (GSP) in 2017 • 91% - Support for the project from community submissions • 4,000 - number of pages in Environmental Impact Statement

*Aquis Resort at the Great Barrier Reef Resort Environmental Impact Statement

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Whitehaven

Apartments | Yorkeys Knob

7 mins walk to proposed Aquis Great Barrier Reef Resort

5 mins drive to James Cook University

8 mins drive to Smithfield Shopping Centre

10 mins drive to Cairns Domestic & International Airport

Email us for more information:

enquiries@probityinvestments.com

100m to tranquil palm fringed beach

Whitehaven Apartments will comprise

21 spacious two-bedroom apartments over 3 levels. They have been designed to take advantage of the spectacular water views, with each having expansive approaches, some with water views and others with lush green outlooks into the beautiful tea tree nature reserve.

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2 Bed Apartments FROM $439,900

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Location Map Smithfield Shopping Centre

James Cook University

Golf Course

Marina & Boat Ramp

Local Shops

Yorkeys Knob State School

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Floor Plan - 2 Bed, 2 Bath (example) 2 Bed Apartments FROM $439,900

** Click here to view all apartment floor plans

8 Wattle Street Yorkeys Knob QLD 4878 Disclaimer: These plans are indicative only and should not be relied on as being accurate. Š copyright - Probity Investments 2015

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Schedule of Inclusions, Fixtures & Fittings SCHEDULE OF FINISHES – “Whitehaven Apartments” WALLS CEILING CORNICE DOORS ELECTRICAL

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Plasterboard - paint finish Painted plasterboard finish Plaster – paint finish Entry Door – flush fire rated door Ceiling fans to most rooms, double GPO to all rooms, down lights

LOUNGE AND DINING ROOM WALLS Plasterboard – paint finish CEILING Painted plasterboard finish CORNICE Plaster – paint finish FLOORS Tiles to be New York white or Nougat or similar AIR CONDITIONINGWall hung split system air conditioning unit KITCHEN WALLS CEILING CORNICE FLOORS JOINERY BENCHTOPS SPLASHBACK APPLIANCES

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OTHER FITTINGS BEDROOMS WALLS CEILING CORNICE FLOORS

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WARDROBES AIR CONDITIONINGBATHROOM WALLS CEILING FLOORS JOINERY FIXTURES FITTINGS

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Plasterboard – paint finish Painted plasterboard finish Plaster – paint finish Tiles to be New York white or Nougat or similar Cupboard – white Stone or re-constituted stone New York black tiles and or similar Stainless steel finish, built-in under bench oven ceramic/glass cooktop Rangehood – slide out stainless steel finish Dishwasher – likely to be white finish Stainless steel sink. 1 and ½ bowl or similar Lever action mixer tap Plasterboard – paint finish Painted plasterboard finish Plaster – paint finish Carpet to be multi layer loop synthetic, neutral colour (most probably chocolate) Built-in wardrobes with sliding doors Wall hung split system air conditioning unit Villaboard paint finish & tiles Suspended plasterboard paint finish Tiles Vanity Unit – Pedestal type as selected by Seller.

Basin – Vitreous china Toilet – Vitreous china, toilet set white.

Mirror, shower rail, toilet roll holder

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Schedule of Inclusions, Fixtures & Fittings EN SUITE WALLS CEILING FLOORS JOINERY FITTINGS

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Villaboard & Tiles – Paint finish Suspended plaster board paint finish Tiles Vanity Unit – Pedestal type Mirror Toilet – white vitreous china Soap holder, toilet roll holder

(Continue)

LAUNDRY TUB CLOTHES DRYER -

As selected by the seller - white Dryer as selected by Seller (Fisher and Paykel or similar)

BALCONY WALLS FLOORS

Render – Paint (external) finish Tiles – non-slip

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COMMUNICATIONS Telephone/Data Television Foxtel NBN EXTERNAL Roof

Windows/doors

Outlet in living room Outlet in lounge room and master bedroom Cable installed ready/ residents responsible for subscription Cable ready/NBN not available at this time

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Colorbond metal roofing Colorbond facia and gutters Downpipes to match wall colour generally

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Powdercoated aluminium frames Glass to be tinted, frosted or clear determined by room Fly screens to all windows

Basement Garage -

remote controlled roller/sliding door Ceiling mounted lighting

Gardens

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Fencing to be pine treated 1.8m high generally Gate with latch to the side Turfed and landscaped as per landscaping plan

Lighting

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Wall or ceiling mounted

Common Areas

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Driveways and pathways to be coloured/exposed agg. concrete Landscape and turf as per landscape plan Mostly fenced to the sides and rear, community fencing to the front Various pathway lighting

Pool area

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Pathways – tiles, coloured/exposed agg. concrete/timber decking Landscape and turf as per landscape plan Pool fencing

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Current Rental Appraisal

CAPITAL GROWTH & RENTAL RETURN PROSPECTS The Cairns residential property market remains well placed with strong fundamental drivers, including healthy economic conditions and continued population growth feeding through to consistent demand for housing to either rent or buy.

Based on the information given, we advise taking into consideration current market conditions, it is our opinion that the property should attract a rental return in the range between: $440.00 - $450.00 per week *Rental apprasials provided by LJ Hooker Cairns Marlin Coast on 11 Feb 2015

The above appraisal is a conservative estimate based on current rental market conditions. It has not taken into consideration the increases in rent between now and when Whitehaven Apartments is due for completion in December 2015, i.e. CPI and more importantly the proposed Aquis Great Barrier Reef Resort right next door, requiring a local workforce of over 6,500 for construction and 20,000 once operational.

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Schedule of Body Corporate Fees & Tax Depreciation Estimates

TAX DEPRECIATION for the first year up to approx. $11,242 Culling, Smit and Associates Pty Ltd involved with the analysis of purchase and construction costs and the preparation of depreciation schedules on all types of properties Australia wide for taxation purposes.

Total Levies start from ONLY $65.87 per week Cassels Strata offers the most professional, personal and prompt service in the industry.

They guarantee their service, and offer an old fashioned approach to business.

Complete report available on our website: www.probityinvestments.com

Overview of the development team Property developer Price & Partners is the third generation developer in Cairns and a boutique independent developer who take pride in developing small to medium sized residential developments which meet four key performance criteria of affordable quality, right location, solid investment, and best in class value.

Architect REAL architecture is an Architectural Practice located in Taringa in the Western suburbs of Brisbane.

It is dedicated to creating great design without compromising functionality within any budget.

Builder Located at Townsville, Keir Construction is a local building team with deliver professional opening communication , honesty, respect, reliability, consistency and quality in every aspect.

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Purchase Process Step 1:

Email or fax your completed Expression of Interest (EOI) form and Payment Confirmation of the $1,000 Initial Deposit to Probity Investments Payment of your Initial Deposit can be made by Cheque or by Electronic Funds Transfer (EFT) to the Trust Account details shown below in Step 4.This will secure your chosen property and take it off the market whilst your contract documents are prepared and delivered to you for signing.

Note: your initial deposit will be refunded to you if requested at any time before your Contract of Sale is fully executed by all parties

Step 2:

Complete and return the Contract of Sale documents to our office within 7 days of receiving them [ PO BOX 1709, Milton, QLD 4064 ]

Step 3:

Upon receiving your signed Contract of Sale documents, the Property Developer will counter-sign and enter the official Contract Date.

Step 4:

The full deposit, being 10% of the purchase price less the Initial Deposit, must be paid within 14 days from the Contract Date. Payment options are as follows:

a) Cash Payment by EFT to the following Trust Account Bank Name: Account Name: Account No.: BSB: Reference:

Macquarie Bank Limited (MBL) Russells Solicitors Law Practice Trust Account 3019 12002 184 446 Whitehaven (Lot number) Surname (so funds can be identified)

OR b) Bank Guarantee / Deposit Bond Email your lender’s formal approval to Probity Investments

Step 5:

Settlement, payment of the balance of the purchase price, is due 14 days from Title Registration.

Construction completion is due approximately July 2016, and Title Registration will be notified to you via your nominated solicitor.

Contact your Probity Investments Advisor on 07 3198 6200 to discuss your investment decision in more details.

Email: enquiries@probityinvestments.com | Fax: 07 3198 6220 Š copyright - Probity Investments 2015

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Our Recommendations

If ever there was a shining opportunity to capitalise on massive investment in local infrastructure

and development, Whitehaven Apartments is exactly that. Cairns is making an economic come-

back after the long-term effects of the GFC. Our information pack highlights many of the stand-out reasons for our investment recommendation, and it’s easy to find many more reasons through your

own due diligence on the internet. We have been in direct contact with the Management of the

proposed Aquis Resort and Casino, and have confirmed their commitment to building this amazing new development which will generate a significant boost to the State & Federal economy by

creating over 25,000 jobs, increased tourism and a long list of other economic benefits. This is an obvious reason why the Queensland Government has acknowledged their support of Aquis. Once their full official approval becomes public knowledge, the property market in Yorkeys Knob will

go ballistic. That is why we strongly recommend that you get in now and cash in on future capital growth and rent yields.

Apart from the colossal impact of Aquis, Cairns and Yorkeys Knob already present an excellent property investment. Tourism, Hospitality and Retail Trade are definitely still the major economic pillars of the region, but the State and Local Governments are successfully cultivating other industry sectors such as Education, Agriculture and Resources (FIFO). For example, moves are underway

to develop Cairns as a centre for international education with their second University, CQUnivesity, moving ahead with their Cairns CBD campus. With the move towards 100% Fly-In-Fly-Out (FIFO) for the mining sector, Cairns is perfectly positioned to accommodate the workforce required for the mining and resources sector of North and Central Queensland.

There are simply too many reasons, with independent supporting articles and statements, to list them all here for you. Needless to say, leading independent analysts such as RP Data and Terry

Ryder’s Hotspotting have Cairns listed in their Top 10’s. But we have always maintained that you shouldn’t just take our word for it. A quick search of the internet is all it will take. But don’t take too

long to make your mind up or you might miss the chance to get in before the current stock is sold, and the capital growth has taken off.

See you soon !!

Jeremy Foster Managing Director & Licensee Probity Investments Pty Ltd © copyright - Probity Investments 2015

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