Springbank Rise
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Transcript of Springbank Rise
I N V E S T M E N T P R O S P E C T U S C A N B E R R A
BROADENING THE HORIZON OF
LIFESTYLE OPTIONS IN CANBERRA,
SPRINGBANK RISE WILL SEAMLESSLY
CONNECT NATURAL BEAUTY WITH THE
ESTABLISHED GUNGAHLIN COMMUNITY.
THE DEVELOPMENT WILL DELIVER
A RANGE OF QUALITY, AFFORDABLE
AND ENVIRONMENTALLY-AWARE LIVING
OPTIONS SET AMONG A GENUINELY
CONNECTED COMMUNITY THAT LINKS
PEOPLE AND THE NATURAL BEAUTY
OF THE AREA.
Development overview
Springbank Rise is a newly-
developed, master-planned
community in Gungahlin, in
Australia’s capital, Canberra.
The Springbank Rise
development will have an
emphasis on outdoor living,
with more than 30 hectares
of its 103 hectares dedicated
to parklands, sporting
fields and open space.
The community will boast
a strong level of amenity
and liveability, with a
proposed village centre
within Springbank Rise,
while the Gungahlin
Shopping Centre
currently provides a
range of retail options.
It is estimated that
approximately 3,000
people will reside
in 1,000 homes at
Springbank Rise
by 2014.
ACT Household breakdown
ACT Industry of Employment
Couple with no children
26%
Couple family with children
34%
One parent family11%
Other family1%
Grouped households28%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%
Agriculture, forestry & fishing
Mining
Manufacturing
Electricity, gas, water & waste services
Construction
Wholesale trade
Retail trade
Accommodation & food services
Transport, postal & warehousing
Information media & telecommunications
Financial & insurance services
Rental, hiring & real estate services
Professional, scientific & technical services
Administrative & support services
Public administration & safety
Education & training
Health care & social assistance
Arts & recreation services
Other services
Proportion of population
Ind
ust
ry
Gungahlin Weekly Rental Price - Three Bedroom House
$250
$300
$350
$400
$450
$500
$550
$600
Mar2008*
Jun2008*
Sep2008*
Dec2008*
Mar2009*
Jun2009*
Sep2009*
Dec2009*
Mar2010*
Jun2010*
Sep2010*
Dec2010*
Mar2011*
Jun2011*
Sep2011*
Dec2011*
We
ekl
y R
en
tal
Pri
ce
Quarter
Gungahlin
Canberra
ACT Household breakdown
ACT Industry of Employment
Couple with no children
26%
Couple family with children
34%
One parent family11%
Other family1%
Grouped households28%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%
Agriculture, forestry & fishing
Mining
Manufacturing
Electricity, gas, water & waste services
Construction
Wholesale trade
Retail trade
Accommodation & food services
Transport, postal & warehousing
Information media & telecommunications
Financial & insurance services
Rental, hiring & real estate services
Professional, scientific & technical services
Administrative & support services
Public administration & safety
Education & training
Health care & social assistance
Arts & recreation services
Other services
Proportion of population
Ind
ust
ry
Gungahlin Weekly Rental Price - Three Bedroom House
$250
$300
$350
$400
$450
$500
$550
$600
Mar2008*
Jun2008*
Sep2008*
Dec2008*
Mar2009*
Jun2009*
Sep2009*
Dec2009*
Mar2010*
Jun2010*
Sep2010*
Dec2010*
Mar2011*
Jun2011*
Sep2011*
Dec2011*
We
ekl
y R
en
tal
Pri
ce
Quarter
Gungahlin
Canberra
Investment returns
When looking at total property growth
– combining rental yields with median
price growth – Gungahlin is a proven
performer.
With high returns of 8.7 per cent from
the year ending September 2011. This is
substantially higher than the Canberra
return of 3.7 per cent. As a community
yet to emerge, Springbank Rise can be
identified for long-term, strong return-
on-investment dollars.
Rental market
Considering 29.9 per cent of residents in
Canberra currently live in a rental tenancy,
it becomes important to understand the
demographics which result within the area
and the returns that are achieved.
The median age of Canberra renters is
34, with a median household income of
$1,508.90 per week. There has been a slight
softening change to the average weekly
asking rent for a three bedroom house in
Gungahlin over the 12 month period ending
September 2011. The weekly asking price
decreased by 3.8 per cent to register a final
price of $500, which is on par with the two
year average. Canberra increased the weekly
asking rent by 2.4 per cent to equate to $430
per week, approximately seven per cent more
than the two year average of $402 per week.
However, the weekly rental table at Figure 3
shows that Gungahlin maintains a premium
rental price when compared to Canberra.
This equates to a stronger rental yield
of 4.7 per cent for Gungahlin and
4.2 per cent for Canberra.
Infrastructure and amenity
There is a wide range of investment
in the pipeline, from hospitals to
arts precincts. However, when
analysing the level of future
investment planned for Canberra,
it becomes evident just how
extensive growth in the region
will be. The total estimated spend
being invested in infrastructure in
Canberra is just under $12 billion.
ACT Household breakdown
ACT Industry of Employment
Couple with no children
26%
Couple family with children
34%
One parent family11%
Other family1%
Grouped households28%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0%
Agriculture, forestry & fishing
Mining
Manufacturing
Electricity, gas, water & waste services
Construction
Wholesale trade
Retail trade
Accommodation & food services
Transport, postal & warehousing
Information media & telecommunications
Financial & insurance services
Rental, hiring & real estate services
Professional, scientific & technical services
Administrative & support services
Public administration & safety
Education & training
Health care & social assistance
Arts & recreation services
Other services
Proportion of population
Ind
ust
ry
Gungahlin Weekly Rental Price - Three Bedroom House
$250
$300
$350
$400
$450
$500
$550
$600
Mar2008*
Jun2008*
Sep2008*
Dec2008*
Mar2009*
Jun2009*
Sep2009*
Dec2009*
Mar2010*
Jun2010*
Sep2010*
Dec2010*
Mar2011*
Jun2011*
Sep2011*
Dec2011*
We
ekl
y R
en
tal
Pri
ce
Quarter
Gungahlin
Canberra
Vacant land market
As the wider Canberra area experiences
densification through infill development,
vacant land in the region will become scarce.
As a result, there have been limited sales
over the past decade, leading to a highly
fluctuating median sale price.
Gungahlin is an emerging suburb that has
an average holding period of three years.
Gungahlin has recognised solid returns for
house purchasers, reaching peaks in 2007,
2009 and 2010. Through the September 2011
six month period, those who resold their house
recognised an average growth of 4.3 per cent
per annum, just under the five year average
return of 7.5 per cent per annum. As shown
in the graph, a cyclical trend is displayed that
shows a new peak in capital grown every three
half year periods. This suggests that there
is another period of high capital growth
set to occur. Investors would be wise to
enter the market while prices remain
at affordable levels.
Tables prepared by Colliers International Research Source: ABS.
• Nestled among beautiful
established trees and framed
by a ridge line, Springbank Rise
is a location to envy.
• Springbank Rise is a $500 million
master-planned community
brought to you by international
market leader Lend Lease.
• The development is located in
Gungahlin, near Nicholls and
Ngunnawal, within 4km of the
Gungahlin Town Centre, 11km of
the Belconnen Town Centre and
18km of the Canberra city.
• The new 103 hectare community
will feature up to 1,100 homes for
approximately 3,000 residents.
• Residents of Springbank Rise will
have access to broadband internet,
with a fibre optic connection
to every home.
• Springbank Rise will feature distinct
residential villages that boast a
range of homes to suit different
lifestyles and budgets. Two villages
– Arcadia and Tataway Ridge –
are now selling, with more villages
to be released in the future.
Springbank Rise: Fast Facts
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