© Copyright Opteon Holdings 2010 All Rights Reserved REGIONAL GROWTH Frankston and surrounds 7 June...
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Transcript of © Copyright Opteon Holdings 2010 All Rights Reserved REGIONAL GROWTH Frankston and surrounds 7 June...
© Copyright Opteon Holdings 2010 All Rights Reserved
REGIONAL GROWTHFrankston and surrounds
7 June 2013Urban Development Institute of Australia
Presented by:Mark Holland, FAPI CPV SRV
Head of Advisory
© Copyright Opteon Holdings 2010 All Rights Reserved
• This presentation is provided as general information only and does not consider any one’s specific objectives, situation or needs. You should not rely on the information in it. Opteon (including its subsidiaries) do not accept any duty of care or liability to anyone regarding this presentation or any loss suffered in connection with the use of it or any of its content.
• It is important that you seek professional advice before making a decision or alter your circumstances. By seeking assistance, your objectives can be analysed to determine the value of the information contained within this presentation.
• This presentation is based on our understanding of current legislation. Legislation may change and this may affect the accuracy of this information and its relevance to your personal situation.
• To the maximum extent permitted by law, Opteon (including its subsidiaries), its employees, representatives or any other person accept no liability for any error or omission in this presentation or for any resulting loss or damage suffered by you or any other person.
Disclaimer
© Copyright Opteon Holdings 2010 All Rights Reserved
1. POPULATION TRENDS2. REGIONAL ACCCESSIBILITY3. LAND USES & where people live4. PRODUCTIVE OUTPUT5. EMPLOYMENT GROWTH6. RESIDENTIAL MEDIAN HOUSE PRICE TRENDS7. THE FUTURE FOR FRANKSTON8. TESTIMONIALS (video)
Outline
© Copyright Opteon Holdings 2010 All Rights Reserved
Population Age Structures 2003 to 2011
2003
2004
2005
2006
2007
2008
2009
2010
2011
0
20000
40000
60000
80000
100000
120000
140000
Frankston
80+60-7940-5920-390-19
Source: ABS & VIF 2012
© Copyright Opteon Holdings 2010 All Rights Reserved
Population Age Structures Projections 2006 to 2031
Source: ABS & VIF 2012
2006
2011
2016
2021
2026
2031
0
50000
100000
150000
200000
250000
300000
350000
400000
Frankston
80+60-7940-5920-390-19
2021 - 60+ = 18.88% - 24,9272031 - 60+ = 26.69% - 40,830
© Copyright Opteon Holdings 2010 All Rights Reserved
REGIONAL CONTEXT
© Copyright Opteon Holdings 2010 All Rights Reserved
ACCESSIBILITY
© Copyright Opteon Holdings 2010 All Rights Reserved
LAND USE
© Copyright Opteon Holdings 2010 All Rights Reserved
PRODUCTIVE OUTPUT
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Frankston
Output 2006
Output 2012
Industry Sector
Ouput ($M)34%
17%
16% 11%
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EMPLOYMENT GROWTH
0
1000
2000
3000
4000
5000
6000
7000
8000Frankston
Employment 2006
Industry Sector
Employment
28%
24%
14%
7%
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Median House Prices
2006 2008 2010 2012 2013* % Change
Melbourne Metro $375,000 $451,000 $559,000 $535,000 $545,000 45%
Mordialloc $385,000 $540,000 $610,000 $642,500 $655,500 70%
Cranbourne $220,000 $266,000 $305,000 $315,000 $316,250 44%
Frankston $237,500 $300,000 $349,000 $345,000 $360,000 52%
Carrum Downs $172,500 $230,000 $260,600 $253,000 $316,000 83%
Seaford $237,500 $300,000 $349,000 $345,000 $407,250 71%
Langwarrin $265,000 $324,475 $372,000 $380,000 $430,000 62%
Mornington $325,000 $385,000 $470,000 $500,000 $520,000 60%
Baxter $220,000 $250,000 $304,000 $312,500 $329,000 50%
Hastings $213,000 $272,500 $317,000 $349,000 $327,000 54%
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The future for Frankston?
Recent commitments by State government
Some key initiatives:
Project Cost
Frankston rail-line $100M
Frankston transit interchange
$13.8M
Peninsula Link $730M
Eastlink $2.5B
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• Residential - $197M• Commercial - $127M• Industrial - $84M• Council facilities - $51M• Council parks and recreation - $35M• Foreshore - $22M
Investment in Frankston 2007 - 2013
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Current projects• Frankston Regional Aquatic Health and
Wellbeing Centre - $46.35M• Trade Training Centre at Chisholm Institute -
$19M• Redevelopment of the former Peninsula Centre
into ‘Peninsula on the Bay’ incorporating Quest accommodation, restaurants and café’s
• South East Water HQ - $80M• Hospitals - Frankston Stage 3 - $36M- Frankston Private - $25M
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Planned Frankston Yacht Club Redevelopment
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Frankston Aquatic Centre
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Quest apartments - $25MRedevelopment of Peninsula Centre by Asia Pacific
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Thanks to… & testimonials