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14 Locke Street, Kawana

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It's with great pleasure to present

Your Focus Market and Property

and this is why...

Hi Alex and steny, please see the following property presentation. At the bottom of the presentation, you will see a video of me talking through the presentation, please go through it in detail and come back to us today if you can. This property will generate you a strong yield in a high growth market. We are going to try secure it around the $369 000 mark. This property would be tenanted for around $460 per week however this is on a periodic lease so we could achieve $560 - $600 per week after settlement. Please also note, we have not inspected the property yet so would need to give you more information after inspection.

DISCOVER OUR METHODS

HOW DO WE SELECT OUR MARKETS?

Targeting locations which will grow in value by understanding what these push and pull factors are, when they will occur and how long they are due to last is what allows us to make assumptions for strong market growth.

Our methodology aligns with a number of different driving factors. Some of these include government funding, economic uplifting projects, infrastructure introduction, flanking market affects and more. However, the underlying factors comes down to a couple of basic principals, supply and demand from population movement and demographic demand.

In proud partnership with Australia's top property economists. We formulate specific data reports based on our client's requirements and the markets we shop in. Our partners have been awarded the Innovation Patent Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.

your Hot market

ROCKHAMPTON REGION

Rockhampton and its property market has been largely unaffected by the pandemic and indeed has benefited from the Exodus to Affordable Lifestyle which has been enhanced by the virus lockdown phases. These attributes, plus a roll-out of numerous major construction projects, is turning Rockhampton into a magnet for southern migrants and first-home buyers. 

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Property prices have been rising throughout 2020 but remain highly affordable and vacancies are tight – mostly below 0.5%.

Rockhampton’s diverse economy is being boosted by the resources sector with construction of the Adani coal mine well under way. In the last 12 months, contracts totaling $1.5 billion have been awarded to local operators. Other projects lifting the economy include the transformation of the CBD,  upgrades totaling $1 billion to major transport routes, the $2.5 billion redevelopment of the Australia-Singapore Military Training centre at Shoalwater Bay and the emergence of new industrial estates. 

Considered the ‘Beef Capital’ of Australia, Rockhampton is also the gateway to Capricorn Coast tourist attractions and a centre for manufacturing, mining and the military.

Overall, Rockhampton presents as an affordable market with good growth prospects. The Queensland Infrastructure Plan published by the State Government nominates  Rockhampton as the primary service centre for Central Queensland (with Gladstone as the industrial hub). Overall, Rockhampton presents as an affordable market with good growth prospects.

Market Performance Over 1 Year

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Forecasting Reports

The Rockhampton region will be experiencing large demographic movement until 2036 and beyond. With a vacancy shortage, market demand is expected to rise
Lets look at the numbers

2015 Futures Report

The current population of 78,600 is expected to rise to between 118,000-130,000. An potential 65% rise, or 4.3% per year
Lets look at the numbers

Infrustructure Profile

The Rockhampton region has large amounts of infrustructure propjects in place to support economic growth
Lets look at the numbers

KAWANA 4701

Market Conditions

10.2% median market growth in 1 year

The markets movement over the past year, paired with supportive driving data shows us there is good growth to come. 

The current rental yield in the market is 6.43%

As we are looking for a positively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.

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-3.28% vendor discounting shows us an understanding of the market's performance

As properties begin to grow in value, vendors are realising the interest in the market and discounting less and negotiations begin to tighten up.

Days on market have reduced since October 2020 by -31.5% to 25 days.

A reduction in days on markets indicates that pent up demand is causing property in the areas to sell at vendors expectations, which empowers the local property economy.

The number of new listings has increased by 36.5% in the last year

The increase of new listings coming onto onto the market shows that vendors are wanting a piece of the action and are willing to gauge the market.

Stock on market has increased by 14.9% over the last year

As vendors begin to realise the markets potential, savvy owners are putting their properties on the market to get in on the action. This is expected to turn in the next 4 to 6 month as values rise.

Economically influencing projects

Central QLD Coal Project Mineralogy (Clive Palmer)

VALUE: TBA: 2 open-cut coal mines

STATUS: Proposed

IMPACT: Jobs: 275 during construction; 500 operational

Raglan Solar Farm, Bouldercombe Eco Energy World

VALUE: TBA

STATUS: Approved

IMPACT: Would power 60,000 homes

Mount Morgan Gold - Copper Project Carbine Resources

VALUE: $80 million. A former mine would be resurrected and a new plant built

STATUS: Proposed

IMPACT: Jobs: 180

Integrated Wind, Solar & Battery Power Station - Lacour Energy

VALUE: TBA: 2 open-cut coal mines

STATUS: Proposed

IMPACT: Jobs: 275 during construction; 500 operational

Rockhampton Northern Access Upgrade

VALUE: $157 million

STATUS: Under construction Completion expected in 2021

IMPACT: Jobs: 400
The Highway will be duplicated, allowing for increased traffic

Rockhampton Ring Road State Govt

VALUE: $1 billion. The Federal Govt will fund $800mil;
State Govt $200mil

STATUS: Approved
Construction is expected to begin in 2022

IMPACT: Jobs: 800
A 18km bypass will link Yeppen Round about to Parkhurst

Capricorn Highway— Rockhampton to Gracemere Duplication

VALUE: $75 million the Federal Govt will fund $60mil; State Govt $15mil

STATUS: Under construction.
Completion is expected in 2021

IMPACT: Jobs: 180
The 4-lane highway will increase capacity and reduce travel times

Rockhampton Airport Terminal Upgrade

VALUE: $41 million

STATUS: Under construction.

IMPACT: Improved security and upgraded lounges

North Coast Rail Line Upgrade Rockhampton - Townsville State Govt

VALUE: $100 million

STATUS: Under construction
Completion expected in 2021

IMPACT: Jobs: 300
Eight extra passing loops will allow freight trains to increase carrying capacity

Rookwood Bridge Upgrade

VALUE: $13 million

STATUS: Under construction

IMPACT: The new bridge will prepare the way for the construction of Rookwood Weir

Rookwood Weir Project Gladstone Area Water Board and Sunwater

VALUE: $495 million. Funded 50/50 by the Federal and State Govts

STATUS: Approved

IMPACT: Jobs: 150
Expand irrigated agricultural production

Capricornia Correction Centre Expansion

VALUE: $240 million

STATUS: Under construction

IMPACT: Jobs: 172 during construction
Will create 348 extra cells

New Art Gallery and Cultural Precinct Devt, 212–214 Quay St State And Local Govt

VALUE: $36 million

STATUS: Under construction
Completion due in 2021

IMPACT: Jobs: 170 during construction

South Rockhampton Flood Levy

VALUE: TBA

STATUS: Proposed;
Awaiting funding

IMPACT: Jobs: 185;
Would protect 1,500 residential, commercial, industrial and rural parcels of land

Capricorn Integrated Resort Iwasaki Sangyo Co (Aust)

VALUE: $600 million. 300-room resort, air strip, 8,000 dwellings and wagyu cattle farm

STATUS: Proposed

IMPACT: Jobs: 8,500 over 20 years; 2,160 operational

Great Keppel Island Resort Development

VALUE: $2 billion. Includes 1,300 holiday units, a hotel, marina, retail, golf course and airstrip

STATUS: Proposed

IMPACT: Jobs: 6,000 during construction;
1,500 operational

Industry Park, Gracemere Industrial Area

VALUE: $75 million

STATUS: Under construction

IMPACT: 25ha of industrial premises

Stockland Rockhampton Shopping Centre Upgrade

VALUE: $45 million

STATUS: Prosposed

IMPACT: An application for a dept store is in addition to the approval to extend the cinemas and entertainment precinct

Bouldercombe Substation Upgrade

VALUE: $49 million

STATUS: Under construction
Completion expected in 2023

IMPACT: Jobs: 112
Aging power infrastructure will be replaced

Kinka Shores Housing Estate, Kinka Beach

VALUE: $350 million

STATUS: Approved

IMPACT: Jobs: 200
900 homes, school, retail centre, offices

Ellida Residential Development, Parkhurst

VALUE: $575 million

STATUS: Approved

IMPACT: 2,350 homes

Sea Haven Estate, Yepoon

VALUE: TBA

STATUS: Approved

IMPACT: 120 homes

The Pines Residential Development, Yeppoon

VALUE: $500 million. A master-planned community

STATUS: Under construction

IMPACT: Jobs: 500 during construction
Will house 3,000 people

OUR SUGGESTED PROPERTY

14 Locke Street Kawana QLD 4701

Property details

4

2

2

Asking Price

Target Price

Potential Rent

Potential Yield

$365,000

$369,000

$560 – $600 p/w

8.45% Gross

Land Size: 615m2

View Property
RP Data Report
ADDITIONAL INFO

Where is this Property?

ComparAtive properties
403,000
18 Oct 2021
VIEW
$ 360,000
1 Jul 2021
VIEW
$ 349,000
12 Oct 2021
VIEW

What should i know about this property?

Are there easements on the property?

there are no easements on the property

EASEMENT MAP
Easements are areas which need to be accessible by council or anyone with a right to access a portion or part of land. An easement could be related to sewage piping, gas lines or electrical works.

Is the property located in a flood zone?
The property does not fall within flood lines.

FLOODZONE MAP
Flood zones can be determined from river flood lines. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments may warrant higher insurance costs.

Is the property correctly zoned?
Development Zone: Residential

Building and council regulation states that the dwelling on top of the land needs to be classified correctly for the type of structure that it is.

Is the property in adequate condition?
YES, please see the photos in the listing

In communications with the listing agent, he/she has confirmed the condition of the property is as the listing shows. This will be verified by our team in the steps moving forward.  

What are the council rates for the property?
Approximately $3,800 yearly

Council rates are paid by the owners and fund council work and operations. Generally, the smaller the population and larger the council, the higher the fee is.

What is the cost for building insurance?
Approximately $1,800 per year

In most states, building and landlord insurance is required to by the buyer one the property’s contract has been signed and exchanged. The fee above is an average for the building insurance only.

How many days has this property been on market?
This property was listed 24 may 2021

There are 3 types of listing stages:

On-market, this is found on major portals
Off-market, this is for sale, but with the listing agency only
Pre-market, this has been presented to us outside of the public

When was the property Built?
the property was built in 1970

The build year should be considered when purchasing properties of different structure types. The price of the property can be reflective of the build year vs the structure type. Some structure types age better than others. At a certain price point, it is worth remembering that land is the appreciating asset, while the dwelling is the depreciating asset.

Is the property leased, if so until when?
property is leased periodically; tenants have been renting for 12 months

Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will only be possible at the time the tenants lease period renews.

What are the lease rates associated?
rented for $460 p/w; can be rented for $560 - $600 per week

Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant. 

Why is this a good option?

ALL FUNDS ASSOCIATED

finance disclaimer

The information below is general and not specific to your personal circumstances and finance structures. The costs, return and results are approximate figures and not relative to particular or specific management agencies, inspectors, insurance companies etc.

purchase Costs

Annual Expenses

Potential Results

Please make sure to go though all the details and get back to us as soon as possible

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