Annexe information memorandum

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1 INVESTOR INFORMATION ........................................................ 4

1.1 INTRODUCTION ..................................................................................4

1.2 PROJECT SUMMARY ............................................................................4

1.3 FAST FACTS ........................................................................................5

2 AREA OVERVIEW......................................................................... 8

2.1 MAP & WALKABILITY ..........................................................................8

2.2 DEMOGRAPHICS ..................................................................................9

3 SUBURB PROFILE ...................................................................... 10

3.1 OVERVIEW ........................................................................................ 10

3.2 VALUE ANALYSIS ............................................................................... 10

3.3 RENTAL MARKETS............................................................................. 10

3.5 AMENITY ........................................................................................... 12

3.5 INFRASTRUCTURE INFORMATION .................................................... 13

3.6 WHY INVEST IN HERSTON ................................................................ 13

4 PROJECT INFORMATION ......................................................... 14

4.1 EXTERNAL PERSPECTIVE .................................................................. 14

4.2 INTERIOR PERSPECTIVES .................................................................. 15

4.3 FLOOR PLANS ................................................................................... 16

4.4 PROPOSED SCHEDULE OF FINISHES ................................................ 18

5 THE DEVELOPER .......................................................................20

6 RENTAL ESTIMATES .................................................................22

7 DEPRECIATION SCHEDULES ..................................................24

8 BODY CORPORATE ...................................................................26

9 CASH FLOW EXAMPLES .........................................................28

10 SECURING THE PROPERTY ....................................................30

C O N T E N T S

Over the past decade, Brisbane apartments have achieved an average annual return of 11%, outperforming Sydney at 7.3% and Melbourne at 8.3%”

BRISBANE RETURNS OUTPERFORMED SYDNEY+MELBOURNE 11%

1 . 2 ~ P R O J E C T S U M M A R Y

Project Name Annexe Apartments

Project Address 9-11 Bowen Bridge Road Herston

Project Location 2.1 Km to Brisbane CBD

Project Description 81 One and two bedroom apartments and

studios over 9 levels

Outgoings Approx Body corporate - 2 bed $3550, 1 bed $2920,

Studio $2600 per year approximately

Council Rates $350 per quarter approximately

Completion &

Settlement

August 2015

Sunset 30 months from the Contract Date

Price Summary Internal

(sqm)

External

(sqm)

Total Price

Studio 32 0 9 $260,000 - $299,000

One Bed One Bath 51-54 9-37 28 $355,000 - $455,000

One Bed One Bath (Alfresco)

59-63 0 9 $355,000 - $415,000

Two Bed Two Bath 66-77 8-10 20 $465,000 - $515,000

Two Bed Two Bath (Alfresco)

75-85 0 15 $445,000 - $499,000

Rental Estimates

$300 - $595 per week

+ 90,000+ yearly admissions to RBW Hospital

+ 7,450 Permanent Hospital Staff

+ 14,000 Students at QUT Kelvin Grove University

+ 1,750 Permanent QUT Kelvin Grove University Staff

+ 4,200+ University of QLD Herston Students + Staff

+ More than 310,000 Workers within a 3km radius

+ Only 81 Apartments

The Investment

Higher incomes + Higher Educations + Rental Undersupply = Prime

Investment Location

+ Historically, Queensland’s economy has recorded the second highest

average annual growth rate of all Australian states and territories over

the last 20 years.

+ Brisbane city is the engine room of the Queensland economy,

generating 50% of Queensland’s economic output.

+ Over the past decade, Brisbane has sustained the fastest employment

growth of all Australian capital cities, now employing more than 1

million people, a key contributing factor driving interstate migration and

subsequent population growth.

+ When compared with Sydney, median apartment values in Brisbane are

$157,000 cheaper and $120,000 less than Melbourne values.

+ Brisbane apartments are currently $97,600 more affordable than the

Australian average.

+ Brisbane’s average annual return over the past ten years (11%) has

outperformed returns achieved in both Sydney (7.3%) and Melbourne

(8.3%)

+ In Brisbane, a higher number of dwellings have single occupants (31%),

compared to the Queensland average of 22%, showing a preference

towards apartment living

+ The median price of an apartment within Herston has grown by

$20,400 per annum over the past decade.

+ High level of undersupply in the area resulting in high rental demand

+ Level of affordability of Annexe in comparison to the surrounding area

+ Extremely well serviced by a diverse range of public transport (bus

and train) and road infrastructure affording easy access to the CBD, all

suburbs and the north and south coast beaches.

+ High growth location

The Development

+ 81 one bedroom, two bedrooms, and studios over 9 levels with ground

floor retail/cafe

+ Meticulous, stylish design with quality finishes throughout

+ Some city views and views over Bowen Hills

+ Each apartment facilitates good natural light with windows or glazing in

all bedrooms

+ Large kitchen designs for functional living

+ Low body corporate fees and ongoing maintenance

+ Each apartment has been designed to maximise space

+ Apartments are supplied with European cooking appliances and

dishwasher

+ Some apartments come with Alfresco balconies, enabling maximum

internal living

1 . 3 ~ FA S T FA C T S

1 . 1 ~ I N T R O D U C T I O N

Annexe Apartments at Herston is located just 2.1 kilometres from the

Brisbane CBD.

Annexe Apartments is brought to you by Drew Group and is situated in

the growth hotspot of Herston, within walking distance to Bowen Hills

and Fortitude Valley.

The rental market in the area is undersupplied making Annexe

Apartments an ideal choice for investors. A median annual income of

$88,296 for households in the area shows a 33% premium over the

median annual income for Australia and a 20% premium over the median

annual income for Greater Brisbane.

With the Royal Brisbane and Women’s hospital nearby, the health

industry accounts for the largest share of Herston employees. Annexe

Apartments is positioned to take advantage of the desperate need for

accommodation to the Royal Brisbane Hospital.

As a whole, Herston’s population are highly educated, higher income

earning young professionals resulting in higher rents paid and quality

tenants.

81 One and Two Bedroom Boutique Apartments and Studios Over 9 Levels

Higher incomes + Higher Educations + Rental Undersupply = Prime Investment Location

#1 Investor Information

FASTEST EMPLOYMENT GROWTH IN THE NATION

QLD TO HAVE THE FASTEST GROWING ECONOMY IN AUSTRALIA

LARGEST INFRASTRUCTURE PLAN IN AUSTRALIA

The Location

+ Annexe Apartments is positioned less than 2.1 kilometres from the

heart of the CBD

+ Easy access to transport with bus and train access to the CBD and

other areas within minutes from nearby stops on Bowen Bridge Road,

Herston Road, RNA Showgrounds Train Stop and Bowen Hills Train

Stop.

+ Walking distance to Bowen Hills, Fortitude Valley, University of

Queensland Herston, Royal Brisbane Women’s Hospital, Bowen Park,

Victoria Park Golf Course, RNA Showgrounds.

+ Royal Brisbane Women’s Hospital is Queensland’s largest provider of

Health Services.

+ One train stop or a short drive to QUT Kelvin Grove university campus.

+ Outdoor sporting and park facilities conveniently nearby

+ Access and Egress to the Clem 7 and Inner City bypass, 3 minutes to

the South East freeway connecting you to the Gold Coast, 11 minutes

to Brisbane airport.

The Transport

+ 1 minute walk to the RBWH Brisbane Bus Stop – providing direct access

into the Brisbane CBD in under 10 minutes

+ Nearby train stations located at RNA Showgrounds, Fortitude Valley

and Bowen Hills catering to all train lines, providing direct access to the

Brisbane CBD, the northern and southern suburbs, as well as the Gold

and Sunshine Coasts and the International and Domestic airports.

Real Estate Market

The latest data from the Real Estate Institute of Australia (REIA) shows

Brisbane as the third most affordable market in Australia in the December

quarter of 2013. Brisbane has only just come off the bottom of the

property cycle and is estimated to enter an upswing in the next 12

months.

Brisbane is in an opportune position on the property clock, especially

when compared with Sydney and Melbourne and we expect high levels

of growth as Brisbane cements its place as a world class city.

Herston is serviced by a superior level of transport infrastructure which affords residents and workers with a high level of connectivity with Brisbane’s CBD, inner North and the greater South East.

Herston Residential Market is set to boom with an undersupply of new dwellings and workforce of over 310,000 within a 3km radius

PEAK

DOWNTURNUPSWING

SYDNEY

BRISBANE

MELBOURNE

RESIDENTIAL APARTMENT MARKET PROPERTY CLOCK

QUT Kelvin Grove Urban Village QUT Kelvin Grove Urban Village QUT Kelvin Grove Urban Village

QUT Kelvin Grove Urban Village

Bowen Park

RBH – Over 90,000 admissions per year

Victoria Park Golf Course

2 . 2 ~ D E M O G R A P H I C S

Herston has a population of approximately 1839 with a median age of

29. From 2006-2011, the population had grown by only 35 people due

to a lack of new dwellings introduced into the market place. The medium

and high density market in Herston remains relatively underdeveloped

however it is an area that is destined for high growth due to its

supporting infrastructure, large employment and education nodes and

convenience to the Brisbane CBD.

The population of Herston primarily consists of Gen X and Gen Y

residents (principally aged between 20-39), being half of the entire

population. Demand for rental dwellings is high, with 56% of the

population living in rental households.

In 2011, 60% of the population of Herston were completing tertiary

education, in comparison to the Australian average of 21.6% and the

Greater Brisbane average of 23.8%.

The nature of the population in general is that they are young

professionals who are highly educated and higher income earners than

the general Queensland population. As a result of this, the rental demand

is high for one and two bedroom apartments as opposed to traditional

family homes. These young professionals are after inner city lifestyles

and convenience to transport and amenities, making Herston the perfect

place to invest.

The median weekly household income of $1698 for Herston also represents a 33% premium over the Australian median weekly household income

Walking

1 mins RBW Hospital Bus Stop, RBW Hospital, Bowen Park

2 mins University of Queensland Herston

5 mins Victoria Park Golf Course, RNA Showgrounds, RNA Train Stop

Less than 12 minutes QUT University Kelvin Grove, Bowen Hills Train Station, Fortitude Valley Train Station

Walkability Chart Rating

LEGEND (5 = excellent, 1 = poor)

Transport

Retail

Employment

Hospital

CBD

Parks

1 2 3 4 5

2 . 1 M A P & WA L K A B I L I T Y

#2 Area Overview

HIGH MEDIAN WEEKLY RENTSQUEENSLAND POPULATION PROJECTED TO DOUBLE BY 2061 TO 10 MILLION

Royal Brisbane Hospital

3 . 3 R E N TA L M A R K E T S

+ On a search of Herston area for nightly/weekly accommodation, there

are only 3 options with the most affordable being $120 per night with a

minimum stay of 3 nights, making this a weekly rent of $840 per week.

+ Demand for one and two bedroom units is high, with most of the

population being highly educated, higher income earning young

professionals working primarily in the fields of health and education

+ Demand for rental dwellings is high, with more than half (56%) of the

suburb’s population living in rental dwellings

+ Research performed revealed that there were no new apartments

in the suburb, however older (20+ years) 2 bedroom, 1 bathroom

apartments were achieving rents as high as $420-520 per week.

+ Median weekly personal incomes are at a 13% premium to those

recorded throughout the state – higher incomes allow potential tenants

to pay more for housing

3 . 1 ~ O V E R V I E W

An international study conducted predicted Brisbane will be the fastest

growing economy of all mature cities worldwide from 2012-2020 putting

it ahead of Hong Kong and Singapore. Brisbane’s job market is growing

at more than twice the rate of its population growth and over the past

decade Brisbane has sustained the fastest employment growth of all

Australian capital cities, now employing more than 1 million people.

Herston is currently ranked one of the most affordable apartment

markets across Brisbane’s inner city.

The local market in Herston is expected to maintain a healthy rate of

median price growth underpinned by a shortage of new dwellings to

meet with the constantly increasing level of demand.

Neighbouring suburb of Bowen Hills has seen the introduction of a

number of new developments over recent years which have been met

with extremely high demand.

#3 Suburb Profile

The median weekly rent throughout Herston is $260 per week higher than the Queensland median and $265 per week higher than the national median.

Herston sits 16 places behind Brisbane’s most expensive suburb making it the opportune suburb to buy in

3 . 2 VA L U E A N A LY S I S

Development Average Price per m2

Madison Heights Bowen Hills $6,616

Central Village Fortitude Valley $6,909

Code Bowen Hills $7,075

The Green Bowen Hills $7,192

Mosaic Fortitude Valley $7,307

Brooklyn on Brookes Fortitude Valley $7,742

ANNEXE APARTMENTS HERSTON $6,231 (13% below average)

BRISBANE’S INNER CITY APARTMENT MARKET – AFFORDABILITY RANKINGS

$0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000

Newstead

Bulimba

Highgate Hill

West End

New Farm

Hamilton

Kelvin Grove

Dutton Park

Kangaroo Point

Auchenflower

Brisbane CBD

South Brisbane

Albion

Milton

Toowong

East Brisbane

Herston

Source: Resolution Research, The State of Queensland (Dept of Environment & Resource Management) – April 2014

$700,000

$575,000

$562,000

$530,000

$530,000

$520,000

$520,000

$502,000

$485,000

$478,000

$465,000

$454,000

$445,000

$438,000

$433,000

$416,000

$415,000

SET T

O B

OO

M

Annexe Apartments is conveniently located to take advantage of

Brisbane’s efficient transport options. With bus access on your doorstep

and several nearby train stations, Herston is serviced by a superior level

of transport infrastructure which allows access to the CBD in under 10

minutes and easy access to the Northern and Southern coasts.

Royal Brisbane & Women’s Hospital (RBWH)

A key driver of dwelling demand in the area, the health industry accounts

for the largest share of employment in the suburb. RBWH is the largest

provider of health care services for Queensland Health, providing state-

of-the-art medical care and participating in world-leading research.

Bowen Park

On the corner of Bowen Bridge Road and O’Connell Terrace is Bowen

Park, a Heritage recreational park with old world landscape area featuring

rotunda, canna beds and various annual displays together with other

landscape features including rainforest area.

Victoria Park Golf Club

Now one of Brisbane’s busiest function & lifestyle venues, with a

reputation for quality. Employing 150 staff, the venue has a two tiered

driving range, 18 hole putt putt course, award winning function rooms,

bar and grill and a golf learning centre.

RNA Showgrounds Urban Renewal Precinct

The RNA Showgrounds is located within Fortitude Valley and hosts

some of Brisbane’s largest events, festivals and activities throughout the

year including the Royal Brisbane Show. The showgrounds are currently

undergoing a massive $2.9 billion redevelopment which will see it

become Brisbane’s premier mixed-use precinct. A historic milestone for

Brisbane, it represents the largest development of its kind in Australia.

The project includes 340,000m2 of new residential, commercial

and retail buildings, together with an additional 76,000m2 of new

development on RNA retained land.

University of Queensland, Herston

UQ Herston houses the School of Medicine, the School of Population

Health, the Faculty of Medicine and Biomedical Sciences, the UQ Centre

for Clinical Research and the School of Nursing and Midwifery. In 2014,

the new Oral Health centre will also move into the Herston campus, the

nation’s largest and most advanced tertiary oral health facility, bringing

an estimated 1000+ students and staff into Herston’s workforce.

QUT Kelvin Grove

QUT Kelvin Grove campus is located in the Kelvin Grove Village, a bustling

area which includes shops, restaurants, parklands, fitness facilities and

a weekly market. With some 45,000 students across several campuses,

including 6,000 from overseas, and an annual budget of more than $800

million, QUT is growing rapidly as one of Australia’s leading universities.

Australian Trade Coast

The Australian Trade Coast, the fastest growing trade and industry

region in Australia, is located approximately 10 kilometres from Herston.

It is home to more than 7,500 businesses including the Brisbane

International and Domestic Airports. A key driver of economic growth

and employment, it is forecasted that an additional 42,500 jobs will be

generated over the next 25 years. The Australian Trade Coast has access

to world class air, sea, road and rail infrastructure allowing businesses to

connect efficiently with their suppliers and customers.

3 . 4 A M E N I T Y

Herston is surrounded by a number of key employment and educational nodes

3 . 5 W H Y I N V E S T I N H E R S T O N

+ 400,000+ Tenant Pool on your doorstep

+ An opportune location only 2.1 kilometres from Brisbane CBD

+ A lack of supply in an area surrounded by key infrastructure and

amenities

+ A high level of demand for apartments in the area

+ Premium forecasted rental yields

+ Return on investment – competitively priced product allowing room for

capital appreciation

+ A demographic profile for high quality tenants – higher income earning

highly educated young professionals

+ Proximity to major employment nodes

+ Demonstrated history of capital growth

+ Optimal market conditions – Brisbane to enter an upswing in the next

12 months

3 . 4 I N F R A S T R U C T U R E I N F O R M AT I O N

Inner City Bypass

The M2 Inner City Bypass is a 4.5 kilometre motorway standard road

which bypasses Brisbane CBD to connect Brisbane’s Pacific Motorway and

the Go Between Bridge at Hale Street to Kingford Smith Drive, the Clem

Jones Tunnel and Lutwyche Road. A $220m project, it is one of the most

used roads in the city.

Legacy Way Tunnel

The two parallel tolled tunnels connect the Western freeway at Toowong

to the Inner City Bypass at Herston. A part of the Council’s TransApex

plan, the Northern Link spans a distance of 5.5 kilometres, 4.7 kilometres

of which is underground.

Airport Link

AirportlinkM7 provides motorists with a choice of travel routes across

Brisbane’s north side, reduced travel times and more predictable journey

times cutting out up to 18 sets of traffic lights. Airportlink M7 connects

you to Brisbane airports in 11 minutes from Herston.

An opportunity to invest in an area on the cusp of urban renewal CUSP OF URBAN RENEWAL

Brisbane Airport Victoria Park Golf Club –Function Centre

4 . 1 E X T E R N A L P E R S P E C T I V E

4 . 2 I N T E R N A L P E R S P E C T I V E

#4 Project Information

4 . 3 F L O O R P L A N S

T Y P E 0 1 A L F R E S C O

Two bedroom

T Y P E 0 2 A L F R E S C O

One bedroom

T Y P E 0 4 B A L C O N Y

One bedroom

T Y P E 0 6 B A L C O N Y

Two bedroom

Internal: 75m2

External: 0m2

Total: 75m2

Internal: 63m2

External: 0m2

Total: 63m2

Internal: 52m2

External: 10m2

Total: 62m2

Internal: 77m2

External: 8m2

Total: 85m2

G E N E R A L

Door hardware: Architectural lever range, satin chrome finish. Front entry door to have lever style and closer

Doors: Paint finish to flush panel doors

Lift: Lift located to each floor level as per approved plans.

Architraves: Timber with low sheen acrylic paint to match walls

Light fittings: Selection of low voltage satin chrome down lights and oyster style fittings

Landscaping: As per approved BCC plan

Car accommodation: Secure basement parking

Communications: Digital intercom to front entry, telephone/data and pay TV to living area of apartments

Air conditioning: Apartments: Split system to lounge/dining area

Internal: Ceramic floor tiles where indicated on plans, painted walls with lighting as per Australian Standards

E N T R Y:

Floor: Floor tile or aluminum under entry door and or carpet to remainder where noted on plan

Door: Solid timber entry door with gloss enamel paint finish

Walls: Selected paint finish to all walls

K I T C H E N :

Floor: Tile floor to developers specifications

Joinery: Selected 20mm stone/granite bench tops, laminate finish to vertical surfaces, with selected satin chrome “Abey” hardware

or similar

Splash back: Tiled splash back

Sink: Double or single where noted bowl stainless steel sink with “Abey” sink mixer or similar

Appliances: European designed cooktop, range hood, oven and dishwasher

Electrical: 2 double GPO points

B AT H R O O M S & E N S U I T E :

Floor: Ceramic floor tiles

Walls: Ceramic wall tiles to 1800 approximately in wet areas, paint finish to remainder with skirting tile, mirror above vanity

Vanity: Ceramic bench or basin where noted on plans

Basin: Semi recessed basin or wall hung where noted

Tapware: “Abey” or similar

Shower: Satin Chrome framed shower screens or fixed panels

WC: Dual flush toilet

Fixtures: Chrome mixers

Mirror: Mirror above vanity with cupboards where noted

Electrical: 1 double GPO point

L A U N D R Y:

Floor: Ceramic floor tiles, 200mm high splash back to skirting

Splash back: Tiled splash back

Tub: Quality laundry style tub

Tap ware: Chrome tap ware

Electrical: 1 double GPO point and dryer

L I V I N G A N D D I N I N G A R E A S :

Floor: High quality carpet on quality underlay or tile where noted to developers specification

Skirting’s: Timber with low sheen acrylic paint to match walls

Walls: Washable low sheen acrylic paint

Electrical: 2 double GPO points, 1 telephone/data point and a television connection point for pay TV

Study / Study Nook

(where noted):

Laminated study bench

Electrical: 1 double GPO points, 1 telephone/data point

B E D R O O M S :

Floor: Quality carpet on quality underlay

Skirting’s: Timber with low sheen acrylic paint to match walls

Walls: Washable low sheen acrylic paint

Built- in-Robe: Laminated shelf and hanging rail with vinyl coated doors, mirrored door to master bedrooms

Electrical: 2 double GPO points to both bedrooms and TV point to main bedroom

C O U R T YA R D S / B A L C O N I E S :

Floors: Ceramic tiles to building code requirements

Balustrade: Powder coated aluminum handrail with glass infill or solid to Australian Standard

Lighting: Quality satin chrome lighting to external columns and features

* Note: The developer reserves the right to change the actual specified product to another product of at least the same or superior quality without notice. This schedule of proposed finishes takes precedent over any illustrations or representational images.

4 . 4 P R O P O S E D S C H E D U L E S A N D F I N I S H E S

D E S I G N T E A M

Architecture: Cottee Parker

Branding Creative Direction: Matt Vergotis

O V E R V I E W

Drew Group is a property development and investment company that

has been operating in Queensland since 1982. It is managed by Jonathan

Drew and is based in Fortitude Valley, Brisbane. The fundamentals of

the company are based on integrity, professionalism and trust and this

integrated into all aspects of the business and to all employees and

associated consultants.

As a group they focus on attention to detail and look to deliver projects

in fantastic locations, with uncompromised design resulting in successful

outcomes for everyone involved.

For further details visit www.drewgroup.com.au

O T H E R R E S I D E N T I A L P R O J E C T S B Y D R E W G R O U P

RIVERSTONE - Newstead

ATRIO APARTMENTS - Fortitude Valley

PRECINCT APARTMENTS - Fortitude Valley

LEXINGTON APARTMENTS - Gold Coast

LEWIN APARTMENTS - Woolloongabba

ROYAL APARTMENTS - Cleveland

GOVERNMENT RD - Gold Coast

SANCTUM LAND SUB-DIVISION - Everton Hills

RIVERBEND APARTMENTS - Gold Coast

Since 1982 the Drew Group has been delivering quality property in South East Queensland. Annexe apartments is the latest in the Drew Group developments capitalising on over 30 years of experience.

#5 The Developer

A N N E X E A PA R T M E N T P R I C E S

A N N E X E A PA R T M E N T S , H E R S T O N – R E N TA L E S T I M AT E S A N D F O R E C A S T

Apartment Unit Unit Type Internal Balcony Total Car Weekly Rent

1 101 2 Bed (alfresco) 75 0 75 1 $513

2 102 1 Bed (alfresco) 63 0 63 0 $410

3 103 2 Bed (alfresco) 85 0 85 1 $560

4 104 1 Bed 52 37 89 1 $525

5 105 1 Bed 51 35 86 1 $519

6 106 2 Bed (alfresco) 85 0 85 1 $560

7 107 1 Bed (alfresco) 63 0 63 0 $438

8 108 1 Bed(alfresco) 59 0 59 0 $415

9 109 Studio 32 0 32 0 $300

10 201 2 Bed (alfresco) 75 0 75 1 $519

11 202 1 Bed (alfresco) 63 0 63 0 $421

12 203 2 Bed (alfresco) 85 0 85 1 $565

13 204 1 Bed 52 10 62 0 $415

14 205 1 Bed 51 9 60 0 $410

15 206 2 Bed (alfresco) 85 0 85 1 $565

16 207 1 Bed (alfresco) 63 0 63 1 $467

17 208 2 Bed (alfresco) 82 0 82 1 $565

18 209 Studio 32 0 32 0 $306

19 301 2 Bed (alfresco) 75 0 75 1 $525

20 302 1 Bed (alfresco) 63 0 63 1 $456

21 303 2 Bed (alfresco) 85 0 85 1 $571

22 304 1 Bed 52 10 62 0 $421

23 305 1 Bed 51 9 60 0 $415

24 306 2 Bed (alfresco) 85 0 85 1 $571

25 307 1 Bed (alfresco) 63 0 63 1 $473

26 308 2 Bed (alfresco) 82 0 82 1 $571

27 309 Studio 32 0 32 0 $312

28 401 2 Bed (alfresco) 75 0 75 1 $531

29 402 1 Bed (alfresco) 63 0 63 1 $462

30 403 2 Bed (alfresco) 85 0 85 1 $576

31 404 1 Bed 52 10 62 0 $427

32 405 1 Bed 51 9 60 0 $421

33 406 2 Bed (alfresco) 85 0 85 1 $576

34 407 1bd (alfresco) 63 0 63 1 $479

35 408 2 Bed (alfresco) 82 0 82 1 $576

36 409 Studio 32 0 32 0 $317

37 501 2 Bed 66 9 75 1 $537

38 502 1 Bed 54 9 63 1 $464

39 503 2 Bed 77 8 85 1 $554

40 504 1 Bed 52 10 62 0 $433

41 505 1 Bed 51 9 60 0 $427

42 506 2 Bed 77 8 85 1 $571

43 507 1 Bed 54 9 63 1 $456

44 508 2 Bed 72 10 82 1 $565

45 509 Studio 32 0 32 0 $323

46 601 2 Bed 66 9 75 1 $542

47 602 1 Bed 54 9 63 1 $467

48 603 2 Bed 77 8 85 1 $560

49 604 1 Bed 52 10 62 0 $438

50 605 1 Bed 51 9 60 0 $433

Apartment Unit Unit Type Internal Balcony Total Car Weekly Rent

51 606 2 Bed 77 8 85 1 $576

52 607 1 Bed 54 9 63 1 $460

53 608 2 Bed 72 10 82 1 $571

54 609 Studio 32 0 32 0 $329

55 701 2 Bed 66 9 75 1 $548

56 702 1 Bed 54 9 63 1 $470

57 703 2 Bed 77 8 85 1 $565

58 704 1 Bed 52 10 62 1 $479

59 705 1 Bed 51 9 60 1 $473

60 706 2 Bed 77 8 85 1 $583

61 707 1 Bed 54 9 63 1 $467

62 708 2 Bed 72 10 82 1 $576

63 709 Studio 32 0 32 0 $335

64 801 2 Bed 66 9 75 1 $554

65 802 1 Bed 54 9 63 1 $473

66 803 2 Bed 77 8 85 1 $571

67 804 1 Bed 52 10 62 1 $485

68 805 1 Bed 51 9 60 1 $479

69 806 2 Bed 77 8 85 1 $588

70 807 1 Bed 54 9 63 1 $473

71 808 2 Bed 72 10 82 1 $583

72 809 Studio 32 0 32 0 $340

73 901 1 Bed 66 9 75 1 $560

74 902 1 Bed 54 9 63 1 $476

75 903 2 Bed 77 8 85 1 $576

76 904 1 Bed 52 10 62 1 $490

77 905 1 Bed 51 9 60 1 $485

78 906 2 Bed 77 8 85 1 $594

79 907 1 Bed 54 9 63 1 $479

80 908 2 Bed 72 10 82 1 $588

81 909 Studio 32 0 32 0 $345

#6 Rental Estimates

Price Summary Internal (sqm) External (sqm) Total Price

Studio 32 0 9 $260,000 - $299,000

One Bed One Bath 51-54 9-37 28 $355,000 - $455,000

One Bed One Bath (Alfresco) 59-63 0 9 $355,000 - $415,000

Two Bed Two Bath 66-77 8-10 20 $465,000 - $515,000

Two Bed Two Bath (Alfresco) 75-85 0 15 $445,000 - $499,000

INDICATIVE TAX DEPRECIATION ESTIMATE1 BED, 9-11 Bowen Bridge RoadHerston, QLD, 4006

40 YEAR DEPRECIATION SCHEDULE SUMMARY - DIMINISHING VALUE METHODYear $ Plant $ Low Val Pool Capital Works Allowance Total

01/07/2015 / 2016 $5,255.39 $554.64 $6,438.43 $12,248.462016 / 2017 $2,315.29 $901.27 $6,438.43 $9,654.992017 / 2018 $1,827.47 $563.28 $6,438.43 $8,829.182018 / 2019 $1,459.60 $352.05 $6,438.43 $8,250.082019 / 2020 $1,177.55 $220.02 $6,438.43 $7,836.002020 / 2021 $958.19 $137.53 $6,438.43 $7,534.152021 / 2022 $785.61 $85.97 $6,438.43 $7,310.012022 / 2023 $648.43 $53.70 $6,438.43 $7,140.562023 / 2024 $538.48 $33.58 $6,438.43 $7,010.492024 / 2025 $449.78 $20.98 $6,438.43 $6,909.192025 / 2026 $377.74 $13.12 $6,438.43 $6,829.292026 / 2027 $318.96 $8.20 $6,438.43 $6,765.592027 / 2028 $270.75 $5.12 $6,438.43 $6,714.302028 / 2029 $231.02 $3.20 $6,438.43 $6,672.652029 / 2030 $198.21 $2.00 $6,438.43 $6,638.642030 / 2031 $170.93 $1.25 $6,438.43 $6,610.612031 / 2032 $148.16 $0.78 $6,438.43 $6,587.372032 / 2033 $129.09 $0.48 $6,438.43 $6,568.002033 / 2034 $113.08 $0.30 $6,438.43 $6,551.812034 / 2035 $99.50 $0.20 $6,438.43 $6,538.132035 / 2036 $88.01 $0.10 $6,438.43 $6,526.542036 / 2037 $78.17 $0.07 $6,438.43 $6,516.672037 / 2038 $69.76 $0.06 $6,438.43 $6,508.252038 / 2039 $62.51 $0.06 $6,438.43 $6,501.002039 / 2040 $56.22 $0.02 $6,438.43 $6,494.672040 / 2041 $50.76 $0.01 $6,438.43 $6,489.202041 / 2042 $45.99 $0.00 $6,438.43 $6,484.422042 / 2043 $41.78 $0.00 $6,438.43 $6,480.212043 / 2044 $38.07 $0.00 $6,438.43 $6,476.502044 / 2045 $34.78 $0.00 $6,438.43 $6,473.212045 / 2046 $31.86 $0.00 $6,438.43 $6,470.292046 / 2047 $29.24 $0.00 $6,438.43 $6,467.672047 / 2048 $26.89 $0.00 $6,438.43 $6,465.322048 / 2049 $24.75 $0.00 $6,438.43 $6,463.182049 / 2050 $22.84 $0.00 $6,438.43 $6,461.272050 / 2051 $21.12 $0.00 $6,438.43 $6,459.552051 / 2052 $19.52 $0.00 $6,438.43 $6,457.952052 / 2053 $18.07 $0.00 $6,438.43 $6,456.502053 / 2054 $16.74 $0.00 $6,438.43 $6,455.172054 / 2055 $226.51 $0.00 $6,438.25 $6,664.76

Page 03/06

INDICATIVE TAX DEPRECIATION ESTIMATE2 BED, 9-11 Bowen Bridge RoadHerston, QLD, 4006

40 YEAR DEPRECIATION SCHEDULE SUMMARY - DIMINISHING VALUE METHODYear $ Plant $ Low Val Pool Capital Works Allowance Total

01/07/2015 / 2016 $6,808.49 $611.94 $7,542.98 $14,963.412016 / 2017 $3,040.39 $994.38 $7,542.98 $11,577.752017 / 2018 $2,366.23 $621.49 $7,542.98 $10,530.702018 / 2019 $1,869.66 $388.41 $7,542.98 $9,801.052019 / 2020 $1,496.50 $242.77 $7,542.98 $9,282.252020 / 2021 $1,211.09 $151.71 $7,542.98 $8,905.782021 / 2022 $989.42 $94.82 $7,542.98 $8,627.222022 / 2023 $815.00 $59.28 $7,542.98 $8,417.262023 / 2024 $676.23 $37.06 $7,542.98 $8,256.272024 / 2025 $564.88 $23.15 $7,542.98 $8,131.012025 / 2026 $474.76 $14.47 $7,542.98 $8,032.212026 / 2027 $401.39 $9.04 $7,542.98 $7,953.412027 / 2028 $341.27 $5.66 $7,542.98 $7,889.912028 / 2029 $291.77 $3.54 $7,542.98 $7,838.292029 / 2030 $250.82 $2.21 $7,542.98 $7,796.012030 / 2031 $216.76 $1.38 $7,542.98 $7,761.122031 / 2032 $188.32 $0.85 $7,542.98 $7,732.152032 / 2033 $164.44 $0.54 $7,542.98 $7,707.962033 / 2034 $144.33 $0.33 $7,542.98 $7,687.642034 / 2035 $127.29 $0.20 $7,542.98 $7,670.472035 / 2036 $112.81 $0.13 $7,542.98 $7,655.922036 / 2037 $100.39 $0.08 $7,542.98 $7,643.452037 / 2038 $89.73 $0.07 $7,542.98 $7,632.782038 / 2039 $80.55 $0.07 $7,542.98 $7,623.602039 / 2040 $72.55 $0.01 $7,542.98 $7,615.542040 / 2041 $65.59 $0.00 $7,542.98 $7,608.572041 / 2042 $59.49 $0.00 $7,542.98 $7,602.472042 / 2043 $54.12 $0.00 $7,542.98 $7,597.102043 / 2044 $49.36 $0.00 $7,542.98 $7,592.342044 / 2045 $45.14 $0.00 $7,542.98 $7,588.122045 / 2046 $41.39 $0.00 $7,542.98 $7,584.372046 / 2047 $38.01 $0.00 $7,542.98 $7,580.992047 / 2048 $34.97 $0.00 $7,542.98 $7,577.952048 / 2049 $32.21 $0.00 $7,542.98 $7,575.192049 / 2050 $29.74 $0.00 $7,542.98 $7,572.722050 / 2051 $27.49 $0.00 $7,542.98 $7,570.472051 / 2052 $25.43 $0.00 $7,542.98 $7,568.412052 / 2053 $23.55 $0.00 $7,542.98 $7,566.532053 / 2054 $21.83 $0.00 $7,542.98 $7,564.812054 / 2055 $295.63 $0.00 $7,543.00 $7,838.63

Page 03/06

I N D I C AT I V E E S T I M AT E - T W O B E D R O O M A PA R T M E N T I N D I C AT I V E E S T I M AT E - O N E B E D R O O M A PA R T M E N T

#7 Depreciation Schedules

Body Corporate for "Annexe Apartments"9-11 Bowen Bridge Rd, Herston Qld. 4006

Schedule of Proposed Contributions

Total Number of Lots 82Administrative fund contribution per unit of contribution lot entitlement (Annual Contribution) 19.77$ Sinking fund contribution per unit of contribution lot entitlement (Annual Contribution) 4.74$ Insurance contribution per unit of interest lot entitlement (Annual Contribution) 1.51$

* * * ***

Lot C

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50 604 1 108 $163.36 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $163.36 $2,883.42 $55.45 $2,720.07 $52.3151 605 1 107 $161.84 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $161.84 $2,881.91 $55.42 $2,720.07 $52.3152 606 2 142 $214.78 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $214.78 $3,547.48 $68.22 $3,332.70 $64.0953 607 1 114 $172.43 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $172.43 $2,917.00 $56.10 $2,744.57 $52.7854 608 2 141 $213.27 135 $1,465.93 $244.32 $2,668.51 $639.68 $3,308.19 $213.27 $3,521.46 $67.72 $3,308.19 $63.6255 609 1 81 $122.52 101 $1,096.73 $182.79 $1,996.44 $478.57 $2,475.02 $122.52 $2,597.53 $49.95 $2,475.02 $47.60

56 701 2 135 $204.19 133 $1,444.21 $240.70 $2,628.98 $630.20 $3,259.18 $204.19 $3,463.38 $66.60 $3,259.18 $62.6857 702 1 116 $175.46 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $175.46 $2,920.03 $56.15 $2,744.57 $52.7858 703 2 140 $211.76 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $211.76 $3,544.45 $68.16 $3,332.70 $64.0959 704 1 118 $178.48 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $178.48 $2,898.55 $55.74 $2,720.07 $52.3160 705 1 117 $176.97 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $176.97 $2,897.04 $55.71 $2,720.07 $52.3161 706 2 144 $217.81 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $217.81 $3,550.50 $68.28 $3,332.70 $64.0962 707 1 115 $173.94 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $173.94 $2,918.52 $56.13 $2,744.57 $52.7863 708 2 142 $214.78 135 $1,465.93 $244.32 $2,668.51 $639.68 $3,308.19 $214.78 $3,522.97 $67.75 $3,308.19 $63.6264 709 1 82 $124.03 101 $1,096.73 $182.79 $1,996.44 $478.57 $2,475.02 $124.03 $2,599.05 $49.98 $2,475.02 $47.60

65 801 2 137 $207.22 133 $1,444.21 $240.70 $2,628.98 $630.20 $3,259.18 $207.22 $3,466.40 $66.66 $3,259.18 $62.6866 802 1 117 $176.97 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $176.97 $2,921.54 $56.18 $2,744.57 $52.7867 803 2 141 $213.27 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $213.27 $3,545.97 $68.19 $3,332.70 $64.0968 804 1 120 $181.51 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $181.51 $2,901.57 $55.80 $2,720.07 $52.3169 805 1 118 $178.48 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $178.48 $2,898.55 $55.74 $2,720.07 $52.3170 806 2 145 $219.32 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $219.32 $3,552.02 $68.31 $3,332.70 $64.0971 807 1 117 $176.97 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $176.97 $2,921.54 $56.18 $2,744.57 $52.7872 808 2 144 $217.81 135 $1,465.93 $244.32 $2,668.51 $639.68 $3,308.19 $217.81 $3,526.00 $67.81 $3,308.19 $63.6273 809 1 84 $127.05 101 $1,096.73 $182.79 $1,996.44 $478.57 $2,475.02 $127.05 $2,602.07 $50.04 $2,475.02 $47.60

74 901 2 138 $208.73 133 $1,444.21 $240.70 $2,628.98 $630.20 $3,259.18 $208.73 $3,467.91 $66.69 $3,259.18 $62.6875 902 1 117 $176.97 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $176.97 $2,921.54 $56.18 $2,744.57 $52.7876 903 2 142 $214.78 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $214.78 $3,547.48 $68.22 $3,332.70 $64.0977 904 1 121 $183.02 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $183.02 $2,903.09 $55.83 $2,720.07 $52.3178 905 1 120 $181.51 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $181.51 $2,901.57 $55.80 $2,720.07 $52.3179 906 2 147 $222.35 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $222.35 $3,555.04 $68.37 $3,332.70 $64.0980 907 1 118 $178.48 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $178.48 $2,923.05 $56.21 $2,744.57 $52.7881 908 2 145 $219.32 135 $1,465.93 $244.32 $2,668.51 $639.68 $3,308.19 $219.32 $3,527.51 $67.84 $3,308.19 $63.6282 909 1 85 $128.57 101 $1,096.73 $182.79 $1,996.44 $478.57 $2,475.02 $128.57 $2,603.58 $50.07 $2,475.02 $47.60

82 9917 $15,000.00 9968 $108,240.00 $18,040.00 $197,035.00 $47,232.00 $244,267.00 $15,000.00 $259,267.00 $4,985.90 $244,267.00 $4,697.44

MAX 171 191 $4,939.12 $94.98 $4,680.48 $90.01MIN 74 101 $2,586.95 $49.75 $2,475.02 $47.60MEAN 121 122 $3,161.79 $60.80 $2,978.87 $57.29

Please note that these figures above are inclusive of GST

Hard Copy Print Date:20/06/2014 File Ref: Schedule of Proposed Contributions Page 2 of 2

Body Corporate for "Annexe Apartments"9-11 Bowen Bridge Rd, Herston Qld. 4006

Schedule of Proposed Contributions

Total Number of Lots 82Administrative fund contribution per unit of contribution lot entitlement (Annual Contribution) 19.77$ Sinking fund contribution per unit of contribution lot entitlement (Annual Contribution) 4.74$ Insurance contribution per unit of interest lot entitlement (Annual Contribution) 1.51$

* * * ***

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1 1 Retail 171 $258.65 191 $2,074.02 $345.67 $3,775.45 $905.03 $4,680.48 $258.65 $4,939.12 $94.98 $4,680.48 $90.01

2 101 2 127 $192.09 133 $1,444.21 $240.70 $2,628.98 $630.20 $3,259.18 $192.09 $3,451.27 $66.37 $3,259.18 $62.683 102 1 101 $152.77 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $152.77 $2,897.34 $55.72 $2,744.57 $52.784 103 2 138 $208.73 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $208.73 $3,541.43 $68.10 $3,332.70 $64.095 104 1 130 $196.63 121 $1,313.91 $218.98 $2,391.78 $573.34 $2,965.12 $196.63 $3,161.75 $60.80 $2,965.12 $57.026 105 1 128 $193.61 120 $1,303.05 $217.17 $2,372.01 $568.60 $2,940.61 $193.61 $3,134.22 $60.27 $2,940.61 $56.557 106 2 138 $208.73 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $208.73 $3,541.43 $68.10 $3,332.70 $64.098 107 1 108 $163.36 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $163.36 $2,907.93 $55.92 $2,744.57 $52.789 108 1 102 $154.28 110 $1,194.46 $199.08 $2,174.34 $521.22 $2,695.56 $154.28 $2,849.84 $54.80 $2,695.56 $51.84

10 109 1 74 $111.93 101 $1,096.73 $182.79 $1,996.44 $478.57 $2,475.02 $111.93 $2,586.95 $49.75 $2,475.02 $47.60

11 201 2 128 $193.61 133 $1,444.21 $240.70 $2,628.98 $630.20 $3,259.18 $193.61 $3,452.79 $66.40 $3,259.18 $62.6812 202 1 104 $157.31 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $157.31 $2,901.88 $55.81 $2,744.57 $52.7813 203 2 140 $211.76 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $211.76 $3,544.45 $68.16 $3,332.70 $64.0914 204 1 102 $154.28 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $154.28 $2,874.35 $55.28 $2,720.07 $52.3115 205 1 101 $152.77 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $152.77 $2,872.84 $55.25 $2,720.07 $52.3116 206 2 140 $211.76 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $211.76 $3,544.45 $68.16 $3,332.70 $64.0917 207 1 115 $173.94 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $173.94 $2,918.52 $56.13 $2,744.57 $52.7818 208 2 140 $211.76 135 $1,465.93 $244.32 $2,668.51 $639.68 $3,308.19 $211.76 $3,519.95 $67.69 $3,308.19 $63.6219 209 1 75 $113.44 101 $1,096.73 $182.79 $1,996.44 $478.57 $2,475.02 $113.44 $2,588.46 $49.78 $2,475.02 $47.60

20 301 2 130 $196.63 133 $1,444.21 $240.70 $2,628.98 $630.20 $3,259.18 $196.63 $3,455.81 $66.46 $3,259.18 $62.6821 302 1 112 $169.41 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $169.41 $2,913.98 $56.04 $2,744.57 $52.7822 303 2 141 $213.27 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $213.27 $3,545.97 $68.19 $3,332.70 $64.0923 304 1 104 $157.31 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $157.31 $2,877.37 $55.33 $2,720.07 $52.3124 305 1 102 $154.28 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $154.28 $2,874.35 $55.28 $2,720.07 $52.3125 306 2 141 $213.27 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $213.27 $3,545.97 $68.19 $3,332.70 $64.0926 307 1 117 $176.97 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $176.97 $2,921.54 $56.18 $2,744.57 $52.7827 308 2 141 $213.27 135 $1,465.93 $244.32 $2,668.51 $639.68 $3,308.19 $213.27 $3,521.46 $67.72 $3,308.19 $63.6228 309 1 77 $116.47 101 $1,096.73 $182.79 $1,996.44 $478.57 $2,475.02 $116.47 $2,591.48 $49.84 $2,475.02 $47.60

29 401 2 131 $198.14 133 $1,444.21 $240.70 $2,628.98 $630.20 $3,259.18 $198.14 $3,457.33 $66.49 $3,259.18 $62.6830 402 1 114 $172.43 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $172.43 $2,917.00 $56.10 $2,744.57 $52.7831 403 2 142 $214.78 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $214.78 $3,547.48 $68.22 $3,332.70 $64.0932 404 1 105 $158.82 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $158.82 $2,878.89 $55.36 $2,720.07 $52.3133 405 1 104 $157.31 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $157.31 $2,877.37 $55.33 $2,720.07 $52.3134 406 2 142 $214.78 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $214.78 $3,547.48 $68.22 $3,332.70 $64.0935 407 1 118 $178.48 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $178.48 $2,923.05 $56.21 $2,744.57 $52.7836 408 2 142 $214.78 135 $1,465.93 $244.32 $2,668.51 $639.68 $3,308.19 $214.78 $3,522.97 $67.75 $3,308.19 $63.6237 409 1 78 $117.98 101 $1,096.73 $182.79 $1,996.44 $478.57 $2,475.02 $117.98 $2,593.00 $49.87 $2,475.02 $47.60

38 501 2 133 $201.17 133 $1,444.21 $240.70 $2,628.98 $630.20 $3,259.18 $201.17 $3,460.35 $66.55 $3,259.18 $62.6839 502 1 115 $173.94 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $173.94 $2,918.52 $56.13 $2,744.57 $52.7840 503 2 137 $207.22 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $207.22 $3,539.92 $68.08 $3,332.70 $64.0941 504 1 107 $161.84 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $161.84 $2,881.91 $55.42 $2,720.07 $52.3142 505 1 105 $158.82 111 $1,205.32 $200.89 $2,194.11 $525.96 $2,720.07 $158.82 $2,878.89 $55.36 $2,720.07 $52.3143 506 2 141 $213.27 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $213.27 $3,545.97 $68.19 $3,332.70 $64.0944 507 1 112 $169.41 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $169.41 $2,913.98 $56.04 $2,744.57 $52.7845 508 2 140 $211.76 135 $1,465.93 $244.32 $2,668.51 $639.68 $3,308.19 $211.76 $3,519.95 $67.69 $3,308.19 $63.6246 509 1 79 $119.49 101 $1,096.73 $182.79 $1,996.44 $478.57 $2,475.02 $119.49 $2,594.51 $49.89 $2,475.02 $47.60

47 601 2 134 $202.68 133 $1,444.21 $240.70 $2,628.98 $630.20 $3,259.18 $202.68 $3,461.86 $66.57 $3,259.18 $62.6848 602 1 115 $173.94 112 $1,216.18 $202.70 $2,213.88 $530.70 $2,744.57 $173.94 $2,918.52 $56.13 $2,744.57 $52.7849 603 2 138 $208.73 136 $1,476.79 $246.13 $2,688.28 $644.42 $3,332.70 $208.73 $3,541.43 $68.10 $3,332.70 $64.09

Hard Copy Print Date:20/06/2014 File Ref: Schedule of Proposed Contributions Page 1 of 2

#8 Body Corporate

#9 Cash Flow Examples

Cash Flow Estimates Year One:9-11 Bowen Bridge Road Herston

ASSUMPTIONS VARIABLES

Purchase Price 280,000 EXPENSESFurnishings if applicable 0 Interest 9,026Loan Interest rate 4.71% Rates 1,400Legal fees 1,400 Body Corp fees 2,595Stamp Duty varies with purchase price 8,225 Repairs Maintenance Insurance 720Deposit/Equity (if paying deposit enter as minus) -98,000 Rental Manager's Commission 1,292Borrowing costs, loan stamp dutyRegistration of mortgage, valuations, 1,350 Total Cash Costs 15,033depreciation schedules

Depreciation 10,805Borrow (interest only loan) 191,625 Borrowing Costs 270Salary income 65,000Weekly rent 323 Total tax deduction 26,108Annual rates 1,400Body Corporate fees if applicable 2,595Manager's commission 8% 1,292 Gross Income 81,150Repairs maintenance 220 Less tax deduction 26,108

Insurance 500 New taxable 55,042Depreciation claim Year 1 estimate only 10,805

July 2016 tax payable without property 12,672July 2016 tax payable with property 9,436

INCOME Tax saved - tax refund 3,236Plus rent received 16,150

Salary Income 65,000 Total cash income 19,386Rental income 50 weeks per year 16,150 Less total cash expenses 15,033

New Gross Income 81,150 Annual Cash Surplus / (Cost) of Investment 4,354

Cash Flow Analysis - Unit 509 Studio $65,000 IncomeAnnexe Apartments

DISCLAIMER: This stand-alone calculator is intended to be used as a tool in determining the affordability of your property purchase and does not take account of your investment objectives. GAP Development Sales nor its representatives are permitted by law to offer you financial (including tax) advice nor make recommendations. Purchasers should seek their own independent financial and taxation advice before making a decision to purchase this property. GAP Development Sales does not represent that the calculations contained herein accurately model your financial situation nor does it accept any responsibility for the input to the calculator. The resultant output is therefore not to be construed as a recommendation as to whether you proceed with the purchase nor does it seek to represent the future performance of your investment.










Cash Flow Analysis - Unit 507 1 bedroom $100,000 Income Annexe Apartments




Purchase Price 485,000 EXPENSESFurnishings if applicable 0 Interest 21,350Loan Interest rate 4.71% Rates 1,400Legal fees 1,400 Body Corp fees 3,541Stamp Duty varies with purchase price 15,400 Repairs Maintenance Insurance 1,020Deposit/Equity (if paying deposit enter as minus) -48,500 Rental Manager's Commission 2,240Borrowing costs, loan stamp dutyRegistration of mortgage, valuations, 1,350 Total Cash Costs 29,551depreciation schedules







Cash Flow Analysis Unit 603Annexe Apartments


2 Bedroom $65,000 Income

S T U D I O A PA R T M E N T >

Salary income $65,000

Positive Cash Flow for a Positive Investment

1 B E D R O O M >

Salary income $100,000

< 1 B E D R O O M

Salary income

$65,000

< 2 B E D R O O M

Salary income

$65,000










Cash Flow Analysis - Unit 507Annexe Apartments


1 bedroom $65,000 Income

T H E P R O C E S S

Securing a property is made as simple as possible.

E X P R E S S I O N O F I N T E R E S T F O R M

Once a person has expressed an interest in a particular development,

they are asked to fill out an ‘Expression of Interest Form’ or ‘Sales Advice

Form’. The ‘Expression of Interest Form’ is not a binding commitment.

The information given in the Expression of Interest Form will only be used

to prepare the necessary documentation should you proceed with the

proposed purchase.

If you are interest in one or more properties within a development,

we request that you include alternative preferences. The allocation of

properties to purchasers is done on a strictly first in first served basis.

The preference form enables us to allocate and apartment should your

previous choice not be available.

Once the form has been received Contract documentation is prepared.

The developer will hold your designated property for a maximum of 7

days from the date of the Expression of interest (when accompanied

by a holding deposit) to allow contract preparation and signing by the

purchaser/entity.

Once documents have been signed they are executed by the seller. At

this point it is not a binding contract, once the Purchaser’s Lawyers has

received the documents they have 5 working days (cooling off period)

to give their clients (the purchaser) independent advice. Should the

purchaser wish not to proceed then the initial deposit is refunded and the

property is released back into the open market.

Property Reserved – Holding Deposit

Once a purchaser is happy with the allocation and ready to purchase, a

holding deposit is required. The amount of the holding deposit is $1000

– and is fully refundable, should you choose not to proceed with the

purchase.

The holding should be made out to the Vendor’s Solicitors Trust Account

“Holland & Holland Solicitors Trust Account”

Commonwealth Bank Australia

BSB: 064117

ACCOUNT NUMBER: 10001100

REFERENCE: LAST NAME AND APARTMENT NUMBER E.G Jones 106

1) Cheque

2) Electronic Transfer

Once a purchaser is 100% happy with their allocation and ready to

proceed with the purchase of the property, a 10% deposit is required to

secure the property. This equates to 10% of the purchase price

Deposit details are provided in the contract of sale. There are two types

of payments that are acceptable to the vendor; these include:

A) CASH DEPOSITS

B) BANK GUARANTEE

A) Cash Deposits

This is the most common method for securing a property and all

interest earned on the invested funds will go to the buyers should they

successfully settle the property once built.

B) Bank Guarantee

A Bank Guarantee is the written obligation of a bank to repay the

beneficiary of the guarantee of the sum specified in the agreement

on the agreed terms. The bank guarantee is like a potential credit and

therefore the procedure of granting the guarantee is similar to most other

forms of credit application.

#10 Securing the Property

R E S E R V I N G A N D S E C U R I N G P R O P E R T Y

Brought to you by

Annexe information memorandum

Documents

Transcript of Annexe information memorandum