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12 Faraday Court Urraween

It's with great pleasure to present

Your Focus Market and Property

and this is why...

Hi Poppy, 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 off market for around the $510 000 mark. This property would be tenanted between $500 and $520 per week, 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

FRASER COAST REGION

The Fraser Coast Regional Council area is located in the Wide Bay Burnett Region of south-east Queensland, about 250 kilometres north of the Brisbane CBD.

The Fraser Coast Regional Council area is bounded by the Coral Sea in the north and east, the Gympie Regional Council area in the south, and the North Burnett Regional Council area and the Bundaberg Regional Council area in the west.

The Fraser Coast Regional Council area is served by the Bruce Highway, Fraser Coast Airport (Hervey Bay and Maryborough) and the Tilt Train.

Market Performance Over 1 Year

Forecasting Reports

Fraser Coast’s recent growth has been driven by net in-migration, led not just by retirees, but also families (both young and established)

KPMG Landscape Forecast

KPMG's future projection and an insight into the development of the Fraser Coast landscape

Infrastracture Profile

Council has invested in projects which support the growth and improvement of key areas across the Fraser Coast. These projects inject millions into our economy and help build confidence in the region.

HERVEY BAY 4655

Market Conditions

25.2% 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 5.61%

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.

-2.61% 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 September 2020 by -59.8% to 33 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 13.8% 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 4.5% 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

Maryborough Forging & Manufacturing Facility

Construction of the $60 million Rheinmetall NIOA Munitions (RNM) shell forging and manufacturing facility in Maryborough has begun, with early works commencing on site. RNM’s state-of the-art manufacturing facility will produce 30,000 155-millimetre artillery shell cases annually for both the Australian Defence Force (ADF) and German-based Rheinmetall’s international supply chain of allied nations.

Hyne Timber Glue Laminated Timber Plant

The new state-of-the-art glue laminated manufacturing plant in Maryborough incorporates the latest in automated glulam production technology and equipment. The 4000sqm facility is located on a 2.3 Ha site within a High Impact Industry Planning zone, and is co-located with Hyne’s current operations and dovetails into the existing production, allowing Hyne to provide more competitive products into the emerging large-scale residential and commercial markets.

Astro Aero Aircraft Manufacturing Facility

An aircraft factory, which will produce up to 25 planes a year, is set to bring hundreds of jobs to the Fraser Coast. Astro Aero will build a high-tech aircraft manufacturing centre on a greenfield site at the Hervey Bay Airport.

The $12 million project will be the first tenant at the new Avion Industrial Precinct, and is anticipated to create up to 200 long-term, high-skill jobs for the region.

Forest Wind

The massive 1200MW Forest Wind project, a joint venture between global engineering giant Siemens and project Queensland renewables outfit Clean Sight, was given state government approval in February.

The $2 billion project proposes to install up to 226 turbines in state forest used as pine plantations between the towns of Gympie and Maryborough and has the potential to be one of the largest grid-connected wind farms in the Southern Hemisphere.

Susan River Solar Farm

The $175 million Susan River Solar Farm near Maryborough has officially opened, and is expected to add another 95 megawatts of renewable power to Queensland’s electricity system.

The project uses 290,000 panels to generate electricity, connected to the state’s power grid via a new Ergon Energy substation on the solar farm site. It is owned by international investors Elliott Green Power, an affiliate of hedge fund Elliott Advisors (UK).

Munna Creek Solar Farm

The 120-MW Munna Creek photovoltaic (PV) park will be installed near Maryborough, consisting of more than 500,000 solar panels covering an area of about 250 ha (618ha). The project was awarded development approval from the Fraser Coast Council at the start of 2018. An electrical connection agreement is also in place.

Once up and running, the $300m power plant is expected to produce about 250,000 MWh of electricity annually,

Hervey Bay CBD Redevelopment

The development of a new city centre precinct will provide a new anchor point for Hervey Bay. To achieve this, a number of projects will be delivered, including a new council administration and council library. Under the Hinkler Regional Deal, the Federal Government has allocated $40 million towards the redevelopment of Hervey Bay's CBD.

Fraser Coast Sports and Recreation Precinct

The Fraser Coast Sports Precinct, a major sporting precinct on land in Nikenbah is a multi-stage development across over 60 hectares of land, and will provide sporting fields and playing surfaces catering to football (soccer), AFL, rugby league/union, hockey, netball, tennis, touch football and Oztag.

Hervey Bay Airport Redevelopment

Over $26m in funding delivered under the Hinkler Regional Deal has delivered both stages of a two-stage redevelopment of the Hervey Bay Airport, including the improvement of all infrastructure for the main runway and taxiways and the construction of a specialised aviation and associated supply chain industry subdivision.

Council’s 2020/21 Capital Works Budget

A $138 million capital works budget are the centrepieces of an “unprecedented Council budget for unprecedented times”.

Bruce Highway – Tiaro Flood Immunity Upgrade

The Australian and Queensland governments have allocated $107 million in the Bruce Highway Upgrade Program to deliver a new 2-lane section of Bruce Highway, to the east of Tiaro.

Boundary Road Extension

The $21m project will provide for the completion of the missing link between Boundary Road and Kawungan Way. Hervey Bay’s east-west road links was vital to limit traffic congestion and meet the needs of the region’s growing population.

Latitude25 RV Lifestyle Community

Latitude25 is Hervey Bay's newest, luxury RV lifestyle community with resort-style facilities for active over 50's. The $100m development in Nikenbah will comprise 281 homes, with a state of the art Clubhouse and Health Hub at the heart of the community.

The Springs

The Springs Hervey Bay is a $75m master planned community, enjoying a southerly aspect with panoramic views of the stunning Fraser Coast hinterland. The development will offer a safe and secure neighbourhood, a relaxed and friendly atmosphere and a strong sense of community.

Reflections on the Bay

Construction is underway on a new multi-million dollar retirement village project set to transform seniors’ living on the Fraser Coast. The resort-style retirement village and co-located aged care facility are set on a 6.91 hectare parcel of land on Richard Charles Drive at Kawungan, providing easy access to the seaside surrounds of Hervey Bay.

OUR SUGGESTED PROPERTY

12 Faraday Court Urraween QLD 4655

Property details

4

2

2

Asking Price

Target Price

Potential Rent

Potential Yield

Offers over $500,000

$510,000

$500 – $520 p/w

5.30% Gross

Where is this Property?

Comparative properties

$ 551,100
6 Sep 2021
$ 566,000
13 Sep 2021
$ 516,000
3 Aug 2021

What should i know about this property?

Are there easements on the property?
info not available at the moment

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, but the property is off market so there aren't a lot of photos available at the moment.

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 $3,200 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 $1,400 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 is off market

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?
property was built in 1997

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?
the property is occupied by the owner

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?
can be rented for $500 - $520 per week

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

Why is this a good option?

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

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