Thanks for joining me again. My name is Jason Kennewell, most of you know me from my previous webinars and the macro report as you have downloaded in the past. I want to do this very quick webinar, take you through the South East Queensland Regional Plan and summarize that for you. Particularly about the Sunshine Coast and Park Avenue Residences in Peregian Springs.
Firstly, let’s get straight into it, this map in front of you is the regions of Queensland. The South East Queensland region is marked here, just in this area just down here, as Brisbane and Moreton. We’ll take a look more specifically at the Sunshine Coast.
Let’s get straight into the webinar, I’ll keep this as quick as I can for you. At various stages throughout these slides, I’ll give you the opportunity to book an appointment with myself. You can see at the bottom: customproperty.com.au/consult. Put that in the address bar in your browser, you’ll be able to book a time that suits you.
So in this webinar, I’ll give you a overview of the location using Google Earth. So that those of you that don’t live in this beautiful part of the world can actually get a good idea of where it is. We’ll take a look at the South East Queensland Regional Plan. We’ll look at the supply versus demand in the discrepancy on the Sunshine Coast, particularly north of the Maroochy River where Peregian Springs sits. We’ll take a look at the latest stats on population growth, and I’ll give you a quick snapshot of some of the big infrastructure projects underway on the Sunshine Coast. And then I’ll finish off with what we actually have to offer you as a property investor, and give you the opportunity then to book a one-on-one.
So firstly, let’s just get started on this, this is Brisbane CBD here. I want to just pop out to the airport. This is really to give you a bit of perspective in relation to Queensland’s capital, i.e. Brisbane, where Sunshine Coast is, particularly where Park Avenue Residences sits.
A fairly easy hour and a half drive north or an hour’s drive north, you get to Caloundra there’s the southern end, Peregian Springs up to Noosa is the northern end. An hour and a half north is Park Avenue Residences surrounded here by conservation land, beautiful location on the west of Peregian Springs. Eighteen-hole golf course directly across the road. If we zoom out a little here, you can see the Peregian Springs shopping center, St. Andrews Anglican College, the beach there. St. Andrews is actually one of the best schools in South East Queensland, private school covering from day care up to Year 12. Heading up the beach, we head to Noosa Heads. Pretty world famous, UNESCO World Biosphere, surrounded by national parks; absolutely glorious location, beautiful beaches.
Let’s just pop down a little further to the Sunshine Coast airport currently having plans for expansion, becoming an international airport. You can see the Maroochy River, that will become a little more important later, this here. Particularly north of the Maroochy River is where I want to talk about. Pop up a bit further to the Sunshine Coast University Hospital area. This is the precinct that the public and private hospital, one of the already constructed, running and currently under construction the whole health precinct there. It’s a big infrastructure project. Popping back out, a little bit of an overview there, Sunshine Coast covers here from Caloundra up to Noosa Heads and all in between; beautiful beaches, great location.
The South East Queensland Regional Plan was actually stamped in 2009. It’s a document designed to guide regional growth and development in South East Queensland. I’m not going to spend a long time talking to you in this webinar about this document, basically we will be here for hours. But I will give you important snippets from it and you can actually download your own copy in a PDF. Just go to your address bar and type in “South East Queensland Regional Plan” you’ll be able to google it and download it.
So from 2006 to 2031, 754,000 additional dwellings will be required to cater for the forecasted population growth, according to the plan. The plan allocates the projected 754,000 additional dwellings to local government areas based on preferred settlement pattern principles. So the aim there is to relieve pressure on coastal regions, redistribute growth to the western corridor, promote and fill in existing centers, redevelop infrastructure in rich areas, maximize residential yield in major new residential developments. The distribution shown here in this graph, we can see the dark blue area here is existing dwellings on the Sunshine Coast. The lighter blue above that is the minimum additional dwellings required in infill and redevelopment. And then the lighter blue at the top of the column is the additional dwellings in the balance and or existing urban areas.
Let’s take a look at Map 2. Map 2 is from the South East Queensland Regional Plan. Although it is a little difficult to see on here. I wasn’t able to blow this up any bigger for you. This is the Map 2 from the South East Queensland Regional Plan. The pink areas show us, this is Noosa at the top, the pink areas show us the areas that are dedicated for the urban footprint. So those areas there between those two arrows, we’ve got Noosa and Maroochy River, you can see that there’s a fairly limited amount of pink areas. As the developable areas further south down to Caloundra, between Maroochy River and Caloundra, there’s obviously a lot more pink areas. And you can see here Park Avenue Residences in Peregian Springs, that’s where that sits up there. The fact that there’s a finite limit of develop-able land north of the Maroochy River is clearly going to have an effect on long-term values.
Let’s take a look at the population growth. The South East Queensland Regional Plan states the population on the Sunshine Coast in 2006 was 295,000. Indicative planning population in 2031 is 497,000, that’s actually growth of 68.5% The number of dwellings in 2006 was 130,000. Forecast additional dwellings required by 2031 is further 98,000 to accommodate the additional population growth, that’s 75% growth. According to the Sunshine Coast Council website, the population growth was 10.1% over the 5-year period between 2008 and 2013; that’s actually higher than the national average rate of 8.7%.
Let’s take a look at some of the infrastructure projects. This is not all by any means, but a bit of a snapshot of some of the infrastructure projects. The Sunshine Coast Private University Hospital, the public hospital, the airport expansion, all of these come to $7.7 billion in infrastructure projects currently underway on the Sunshine Coast. That’s huge, and that’s just those projects. So, it’s pretty big.
What do we have to offer? Here’s an example, a couple images here, all our houses are architecturally designed house and land packages, fully landscaped, and fully turnkey. Priced from 427,000, positively geared depending on your own personal circumstances so we’re happy to talk to you about that so that we can have a look at a specific property within your specific requirements. Again, as I said, they’re fully turnkey, quality specifications, so there’s nothing you have to do as an investor. They are fully landscaped, fenced, carpets, curtains, blinds, air conditioning, everything you need. Average yield is 5.5%. We offer a flat-fee property management as well, and a five-year maintenance guarantee. We’re very confident about our construction and our service. It’s designed to be very hands-off and hassle-free for you, so you can get on with your life and have a good property working well you.
A lot of you will have seen this report here. This is an example of the summary page of a detailed property investment analysis. In this report you can see detailed cash flow analysis, detailed tax savings, growth, depreciation and more, it’s a very detailed report. Happy to have a discussion with you about doing one of these for you based on a real property in Park Avenue Residences, real-life circumstance on your own personal situation.
All you need to do to book a time is to type in “customerproperty.com.au/consult”, as you can see there at the bottom of the page. I’m happy to have a no-obligation discussion with you. Thank you very much for listening, I hope you got some value out of that and I look forward to talking with you.