Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697644776786.pdf (Australia)
TARNEIT M E L B O U R N E G R O V E E S T A T E Due Diligence Kit CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 C O N T E N T S THE ESTATE THE GROWTH AREA LOCATION MAP MASTERPLAN LOCAL AMENITIES DEMOGRAPHICS RESIDENTIAL DEVELOPMENT FORECAST INVESTMENT MERITS STATE OF VICTORIA SUMMARY STATE OF VICTORIA ECONOMY LOCAL PROJECTS LOCAL INFRASTRUCTURE RENTAL PROPERTIES IN LOCAL AREA NEWS ARTICLES LAND SUPPLY PIPELINE 33 2 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 Tarneit is also home to several childcare centres, a police station, medical centre, train station and shopping centre.
This development is within the current Urban Growth Boundary and the council has planned for it to be rezoned to residential after 2017-18.

It's located on PS no 1088.

For more detailed information about the PS 1088 that this development falls under visit www.mpa.vic.gov.au/Tarneit_ North.

Stage 1 will be 60 lots over 10 acres.

T H E E S T A T E Located off Doherty's Road, Melbourne Grove Estate offers everything you could wish for and more.

The first stage will be 10 acres encompassing 60 lots.
These Lots will offer 3-5 year options and the estate offers a great balance of a quiet, yet convenient life.

A rural-urban fringe suburb located within the growth area of Wyndham City, the Melbourne Grove Estate is well supported by transport infrastructure with nearby bus and train services providing an easy transit to the Melbourne CBD and Geelong.
Tarneit also has a number of schools established within its boundaries, including Thomas Carr College, Baden Powell Prep - Year 9 College and Tarneit Central College.

There has been much residential growth occur in the Thomas Carr District, with other schools and shopping centres planned for construction.

Construction of stage one of Tarneit Central Shopping Centre, on the south east corner of Derrimut and Leakes Roads, is expected to begin in 2015 and take 18 months to complete.
Sources: Wikipedia 3 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 T H E G R O W T H A R E A BOUNDARY ROAD BOUNDARY ROAD 1088 OAKBANK SCHEDULED FOR PREPARATION 2015-2017 Oakbank PSP is expected to include: Four local sporting reserves and a possible regional sporting reserve Three Government Primary School One or two Government Secondary Schools.
D A O R S I V A D 1089 TARNEIT NORTH CONSULTATION APRIL / MAY 2014 D A O R T I E N R A T DOHERTYS ROAD D A O R T U M I R R E D Dr y C r e e k D A O N R O IS n al R ail Lin k R e gio  LEAKES ROAD Regional Rail Link SAYERS ROAD 1091 RIVERDALE PLANNING PANEL REPORT RECEIVED MAY 2014 H O G A NS ROAD D A O R G N O R T S M R A W erri b e e R i v e r Wyndham North PSPs (DRAFT) Status May 2014 Draft for discussion purposes only.

Details subject to change without notice.


0 200 400 1,000 B A L L A N R O A D ek e r n C o kelet S 1090 TRUGANINA PLANNING PANEL REPORT RECEIVED MAY 2014 DOHERTYS ROAD D A O R S I R R O M n i a r D d a o R h t y s r o F LEAKES ROAD Note: This plan is subject to change.

Refer to MPA web site (www.mpa.vic.gov.au) or contact Mark Brennan or Dane Logan on 9651 9600 for further information.
F O R S Y T H R O A D Residential Business with residential Mixed use Office Light industrial Government Primary school Government Secondary school Potential Non-Govt School Local sporting reserves Local parks Waterway corridor Waterway Sources: www.mpa.vic.gov.au 4 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 L O C A T I O N M A P Horsham Bendigo Seymour Mt Hotham Ararat Ballarat TARNEIT Melbourne Geelong Moe Tarneit is under 30 minutes to Melbourne CBD 0 300 Kilometres 5 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 M A S T E R P L A N PROPOSED PLAN OF SUBDIVISION 1491 DOHERTY'S ROAD, MOUNT COTTRELL 16 375m² 17 370m² 15 370m² D A O R 18 ² m 5 8 3 19 ² m 0 2 4 20 ² m 5 9 3 21 ² m 5 1 4 14 390m² 13 345m² 12 355m² 11 310m² 10 270m² 9 8 7 6 5 270m² 315m² 375m² 375m² 375m² LANE 1 2 3 4 ² m 5 9 1 ² m 5 9 1 ² m 5 9 1 ² m 0 9 1 T S E W LINK ROAD 25 1155m² 24 23 22 ² m 5 1 3 ² m 5 0 3 ² m 5 4 3 NORTH ROAD 26 395m² 27 400m² 34 400m² 35 395m² 28 ² m 0 0 4 29 30 ² m 6 3 3 ² m 0 0 4 33 32 31 ² m 0 0 4 ² m 6 3 3 ² m 0 0 4 MIDDLE ROAD 36 37 38 39 40 41 42 43 ) D E R U Q E R F I ( D A O R ELECTRICITY EASEMENT 44 45 46 47 ² m 3 0 2 ² m 3 0 2 ² m 3 0 2 ² m 3 0 2 LANE 375m² 48 315m² 49 270m² 50 270m² 51 375m² 52 375m² 53 CRESCENT 62 63 64 65 360m² 360m² 360m² 360m² R E W O P 61 330m² 60 330m² 59 330m² 58 330m² SOUTH ROAD 54 295m² 55 56 300m² 300m² 57 300m² 7287 01 6 HEAD & HUMPHREYS CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 L O C A L A M E N I T I E S Distance from estate to various local amenities: CHILDCARE Learning Ladder Day Care - 3.2km Future Kids Childcare - 3.9km Goodstart Early Learning - 6.7km PRIMARY EDUCATION Cambridge Primary School - 6.6km Derrimut Heath Primary School - 6.6km Mossfiel Primary School - 8.5km Truganina South Primary School - 8.9km SECONDARY EDUCATION Tarneit Senior Secondary College - 2.4km
 Thomas Carr College - 6.4km SHOPPING CENTRES Wyndham Village Shopping Centre - 6.4km Caroline Springs Shopping Centre - 17.3km Brimbank Shopping Centre - 17.4km SUPERMARKETS Coles - 5.1km IGA - 5.7km Safeway - 6.9km DINING Shiraaz Ferntree Gully Indian Restaurant - 5.4km Hoppers Crossing Secondary College - 8.3km Subway - 10.6km Alankrita Restaurant - 14.1km TERTIARY EDUCATION Victoria University Sunshine Campus - 20km Victoria University Footscray Campus - 23.6km Fresh Chilli Thai Restaurant - 17.5km ENTERTAINMENT Werribee Plaza Tavern - 8.3km Cinema - 8.3km Ten Pin Bowing - 13.7km Stadium - 18.9km SERVICES Post Office - 8.4km SPORT & RECREATION Gym - 6.4km Fraser Street Reserve - 8.2km House of Golf - 11.9km Swimming & Health Centre - 13.5km Leisure Centre - 20.9km HEALTH & WELLBEING Werribee Mercy Hospital - 10.9km Derrimut Medicals - 13.8km Western Family Medical Centre - 18km TRANSPORTATION Hoppers Crossing Railway Station - 10.5km Melbourne Airport - 33.8km Sources: Whereis.com 7 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 D E M O G R A P H I C S 1.
0 - 12 Years (24.25%) 2.

13 - 19 Years (9.03%) 3.

20 - 39 Years (40.42%) 4.

40 - 59 Years (20.11%) 5.
60+ Years (6.74%) MEDIAN AGE MEDIAN WEEKLY INCOME 2 9 YE AR S $ 1,5 63 AGE STATISTICS FAMILY STATISTICS 60+ 0-12 40-59 13-19 20-39 NATURE OF OCCUPANCY Owned Outright Rented Owned with Mortgage Married Not Married De Facto TYPE OF DWELLING Fla t Semi /Terra ce Un occup ied Sepa rate Ho use Sources: Myboot 8 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment Sources: Forecast ID 9 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 I N V E S T M E N T M E R I T S The surrounding infrastructure continues to grow to accommodate the residents and includes a number of schools including Thomas Carr College, Baden Powell Prep - Year 9 College and Tarneit Central College.
There has been much residential growth occurring in the Thomas Carr District, with other schools and shopping centres planned for construction.

Construction of stage one of Tarneit Central Shopping Centre, on the south east corner of Derrimut and Leakes Roads, is expected to begin in 2015 and take 18 months to complete.

Wyndham Village Shopping Centre, in the suburb's south, was completed in 2005 to serve the exploding population in the immediate area.
Tarneit Town Centre, to be developed over the next 10 years, is expected to be located in the area loosely bounded by Derrimut Road to the west, Leakes Road to the south, Skeleton Creek to the east and Dry Creek to the north.

5 YEAR GROWTH 12 MONTH GROWTH GROSS RENTAL YIELD 19.14% 5.07% 4.41% A new railway line is currently under construction Tarneit has many of the factors savvy investors should seek, including a fast growing population, infrastructure and efficient transport links.
Tarneit has an ongoing growing population.

The population of Tarneit is 21,690 and is expected to grow to 63,512 by 2031.

Tarneit is now home to many new estates, promising to support the forecast for an increased population.

In 2010, the Wyndham Bus Network was extensively upgraded and now caters for commuters from Tarneit.

A new railway line currently under construction, the Regional Rail Link, travels from West Werribee through Tarneit to Deer Park and will include a new railway station at Tarneit.
The new station will provide a much faster service than the current Werribee railway line, which must pass though Altona and Footscray.

It will have car parking with 1,000 spaces, ensuring Tarneit becomes a prime regional area for those who commute to the city on a regular basis.

Regional Rail Link will also connect the Melton and Werribee railway lines and re-direct Geelong V/Line trains from the Werribee Line.
Regional Rail Link will open in April 2015, with Tarneit Train Station coming under metropolitan zone 2.

Source: Your Investment Property Mag, Wikipedia, www.regionalraillink.vic.gov.au 10 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 S T A T E O F V I C T O R I A S U M M A R Y Victoria is a state in the south-east of Australia.

Victoria is Australia's most densely populated state and its second- most populous state overall.
Most of its population is concentrated in the area surrounding Port Phillip Bay, which includes the metropolitan area of its capital and largest city, Melbourne, which is Australia's second-largest city.

The economy of Victoria is highly diversified: service sectors including financial and property services, health, education, wholesale, retail, hospitality and manufacturing constitute the majority of employment.
Victoria's total gross state product (GSP) is ranked second in Australia, although Victoria is ranked fourth in terms of GSP per capita because of its limited mining activity.

Culturally, Melbourne is home to a number of museums, art galleries and theatres and is also described as the "sporting capital of Australia".

The Melbourne Cricket Ground is the largest stadium in Australia.
The ground is also considered the "spiritual home" of Australian cricket and Australian rules football, and hosts the grand final of the Australian Football League (AFL) each year, usually drawing crowds of over 95,000 people.

Victoria includes eight public universities, with the oldest, the University of Melbourne, having been founded in 1853.

The 2011 Australian census reported that Victoria had 5,354,042 people resident at the time of the census.
The Australian Bureau of Statistics estimates that the population may well reach 7.2 million by 2050.

More than 75% of Victorians live in Melbourne, located in the state's south.

The greater Melbourne metropolitan area is home to an estimated 4.17 million people.

Leading urban centres outside Melbourne include Geelong, Ballarat, Bendigo, Shepparton, Mildura, Warrnambool, Wodonga and the Latrobe Valley.
Victoria has the highest population density in any state in Australia, with population centres spread out over most of the state; only the far northwest and the Victorian Alps lack permanent settlement.

The Victorian road network services the population centres, with highways generally radiating from Melbourne and other major cities and rural centres with secondary roads interconnecting the highways to each other.
Many of the highways are built to freeway standard ("M" freeways), while most are generally sealed and of reasonable quality.

Melbourne has the world's largest tram network as well as being a popular form of public transport, over the last few decades trams have become one of Melbourne's major tourist attractions.

There are also tourist trams operating over portions of the former Ballarat and Bendigo systems.

There are also tramway museums at Bylands and Haddon.
Melbourne Airport is the major domestic and international gateway for the state.

Avalon Airport is the state's second busiest airport, which complements Essendon and Moorabbin Airports to see the remainder of Melbourne's air traffic.

Hamilton Airport, Mildura Airport, Mount Hotham and Portland Airport are the remaining airports with scheduled domestic flights.

There are no fewer than 27 other airports in the state with no scheduled flights.
The Port of Melbourne is the largest port for containerised and general cargo in Australia, and is located in Melbourne on the mouth of the Yarra River, which is at the head of Port Phillip.

Additional seaports are at Westernport, Geelong, and Portland.
Melbourne is home to Australia's largest and busiest seaport which handles more than $75 billion in trade every year Source: Wikipedia 11 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 S T A T E O F V I C T O R I A E C O N O M Y Victoria is Australia’s second largest economy, producing $317 billion in output in 2011 and accounting for 23% of Australia’s Gross Domestic Product.
Metropolitan Melbourne accounts for approximately 80% of the Victorian economy and its largest employing sectors are health care, social assistance services, manufacturing and retail.

At June 2009, around 96% of employing businesses in Victoria were small businesses, employing up to 19 people.

Around 30% of Melbourne’s jobs are located in inner Melbourne suburbs and the remaining majority of workers are spread across the broader suburbs (middle, outer and growth areas).
In the decade prior to 2000, labour productivity in Victoria grew strongly, increasing faster than the Australian average.
    In 2011 Victoria’s goods and services exports were worth almost $34 billion Victoria’s trade with other Australian states and territories was valued at approximately $99 billion in 2010-11 Victoria accounts for over 25% of Australia’s total expenditure on business research and development In 2009 national online retail sales for all sectors of the economy were estimated to have totalled between $19 and $24 billion.
AGRICULTURE More than 26,000 km2 of Victorian farmland are sown for grain, mostly in the state's west.

More than 50% of this area is sown for wheat, 33% for barley and 7% for oats.

Victorian farms produce nearly 90% of Australian pears and third of apples.

It is also a leader in stone fruit production.

More than 14 million sheep and 5 million lambs graze over 10% of Victorian farms, mostly in the state's north and west.

Victoria is the centre of dairy farming in Australia.
It is home to 60% of Australia's 3 million dairy cattle and produces nearly two-thirds of the nation's milk.

The state also has 2.4 million beef cattle.

MANUFACTURING Machinery and equipment manufacturing is the state's most valuable manufacturing activity, followed by food and beverage products, petrochemicals and chemicals.
Prominent manufacturing plants in the state include the Portland and Point Henry aluminium smelters; oil refineries at Geelong and Altona; a major petrochemical facility at Laverton; and Victorian-based CSL, a global biotechnology company that produces vaccines and plasma products.

Victoria also plays an important role in providing goods for the defence industry.

MINING Mining in Victoria contributes around $3 billion to the gross state product.
The Victorian mining industry is concentrated on energy producing minerals, with brown coal, petroleum and gas accounting for nearly 90% of local production.

The oil and gas industries are centred off the coast of Gippsland in the state's east, while brown coal mining and power generation is based in the Latrobe Valley.

SERVICE INDUSTRY The service industries sector is the fastest growing component of the Victorian economy.
It includes the wide range of activities generally classified as community, social and personal services; finances, insurance and property services, government services, transportation and communication, and wholesale and retail trade.

Most service industries are located in Melbourne and the state's larger regional centres.
TOURISM Some major tourist destinations in Victoria are:  The metropolis of Melbourne and the attractions of the city centre such as Crown Casino, Melbourne Zoo, Melbourne Museum, the Melbourne Aquarium, ScienceWorks, and many many more.

           The 2,000 kilometres of Victorian coastline with hundreds of beaches.

The Goldfields region featuring the historic cities of Ballarat, Beechworth, Bendigo and more.
Natural attractions, such as The Twelve Apostles, Wilsons Promontory, The Grampians, the Buchan Caves and the Gippsland Lakes.

The Dandenong Ranges (in particular the Puffing Billy Railway).

The Bellarine Peninsula which features historic resort towns such as Queenscliff.

The Surf Coast which features famous beaches such as Bells Beach, Torquay and Lorne Mornington Peninsula, particularly for its wineries and secluded beaches, Arthur's Seat and the coastal attractions of Portsea and Sorrento.
Yarra Valley (in particular Healesville Sanctuary and wineries).

Great Ocean Road, which features The Twelve Apostles, historic towns of Port Fairy and Portland, cliffs and whale watching and resort towns such as Lorne.

The Victorian Alpine Region The Central Victorian Highlands, 'Highcountry' are very well known for winter sports and bushwalking  Wine regions across the entire state.

Other popular tourism activities are gliding, hang-gliding, hot air ballooning and scuba diving.
Major events also play a big part in tourism in Victoria, particularly cultural tourism and sports tourism.

Some of which include the V8 Supercars and Australian Motorcycle Grand Prix at Phillip Island, the Grand Annual Steeplechase at Warrnambool and the Australian International Airshow at Geelong and numerous local festivals such as the popular Port Fairy Folk Festival, Queenscliff Music Festival, Bells Beach SurfClassic and the Bright Autumn Festival.
Source: Wikipedia, www.planmelbourne.vic.gov.au 12 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 L O C A L P R O J E C T S TARNEIT RAILWAY STATION Regional Rail Link: Deer Park - West Werribee Junction includes two new railway stations in the growing suburbs of Wyndham Vale and Tarneit.

Tarneit railway station is located near the intersection of Leakes Road and Derrimut Road.

It features elevated platforms with pedestrian access under the rail bridge.
Tarneit railway station includes:         An architect designed station building and landscaping A bus interchange and taxi rank ‘Kiss and ride’ (pick up/drop off) bays Parking spaces for 400 cars, with the ability to build more spaces as demand grows Two dedicated regional tracks with room for additional tracks for future rail network expansion Bicycle storage cage and external hoops CCTV cameras on the platforms, station building, forecourts and car park Passenger information displays and clocks on each platform and at the ticket office Links between Melbourne's west and the city centre will be improved, making the western region more attractive to businesses and employees.
   Sustainability features such as solar panels, energy efficient lighting and use of rain water A baby changing facility Maximised visibility of passengers for station staff by minimising blind spots.

When Regional Rail Link is complete, V/ Line trains travelling between Melbourne and Geelong will be stopping at the new Tarneit railway station, allowing passengers to board and alight in either direction.
WERRIBEE SPORTS AND FITNESS CENTRE REDEVELOPMENT $47 million The Werribee Sports and Fitness Centre (WSFC) will be transformed into the largest indoor court sporting facility in Melbourne’s western suburbs.

The redevelopment will include:        Expansion from 6 to 12 indoor courts, including a show court with seating for up to 1500 spectators.

A new state of the art health club with programmable space, gym floor, spin room and members lounge.
Expansion and redevelopment of crèche and administration areas.

New foyer and entrance with self- help access control.

4 new outdoor netball courts.

New cafe with indoor and outdoor seating.

Expanded and improved amenities, storage and function rooms.

 Dedicated table tennis space.


Source: www.regionalraillink.vic.gov.au 13 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 L O C A L I N F R A S T R U C T U R E WERRIBEE PLAZA Werribee Plaza has been a favourite local meeting place for almost 25 years.

Werribee Plaza boasts a great mix of fashion, homewares and convenient, everyday services and a comprehensive selection of fresh food.
Lots of natural light, wide malls and 220+ stores all on one level, not to mention free parking makes Werribee Plaza much more than an enjoyable place to shop.

Source: ww.werribeeplaza.com 14 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 L O C A L I N F R A S T R U C T U R E SUNSHINE CAMPUS Sunshine campus hosts building and construction trade courses, a range of engineering courses and the Adult Migrant English Program (AMEP).
A world class trade training centre called Construction Futures opened in 2012.

This brand new $44 million state-of-the- art industry training facility is home to the Trades College’s construction program.

The building is flexible and adaptable, and can be modified to suit industry demand and emerging technologies.

VICTORIA UNIVERSITY Victoria University is well known for preparing its students not just for a career, but for life.
Through Victoria University's strong industry connections and leadership in sport education, they provide opportunities for every individual to achieve success on their own terms.

As one of only a few Australian universities to offer both vocational training (TAFE) and higher education with direct pathways between the two, the range of courses includes apprenticeships, certificates, diplomas, degrees and postgraduate programs.
There are more than 45,000 students from around the world studying at one of the ten campuses in Melbourne’s west and the CBD - as well as an international campus in Sydney.

VU is one of the few universities in the country to offer both vocational training and higher education with highly accessible pathways from one to the other.
Source: www.vu.edu.au, cefpi.org.au 15 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 R E N T A L P R O P E R T I E S I N L O C A L A R E A These example properties have similar comparable qualities and are located in Tarneit.

These properties give an indication as to what rental income could be achieved in the Tarneit area.

These example properties are land located in Tarneit.

These properties give an indication as to how much land can cost in Tarneit.
Source: realestate.com.au 16 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S The Melbourne suburbs investors are most active in Robert Larocca - 21 August 2014 What drives investment activity in one suburb over another?

Is it pursuit of a high yield or is it a desire for good capital gains?

These are often debated topics and interestingly the data suggests there is not one clear-cut answer.
For instance, a review of the proportion of houses owned by investors in the inner, middle and outer suburbs shows a high level of investment in suburbs with low and high yields.

In the inner city, those suburbs within a 10 kilometre radius of the CBD is where the highest level of investors can be found in Carlton North, followed by North Melbourne and Richmond.

Carlton North has a historically high level of appreciation and low yield whereas Richmond has a very low appreciation and higher yield.
In the middle suburbs, those between 10 and 20 kilometres from the CBD, the investor activity is highest in growth suburbs with new housing – Laverton, Derrimut and Deer Park.

These suburbs have good yield according to the research but lower Source: RP Data capital gains prospects given the high level of supply.

Conversely, an established suburb such as Clayton has a high level of investors and very low yield, presumably because the market is purpose-built around students.
Finally, in the outer suburbs the investment activity is again concentrated in growth suburbs which are seeing a high rate of new home construction.

For example Point Cook, Tarneit and Truganina.

The research suggests that there is more to the decisions of investors than suburb level analysis of yield and historical capital gains.

Issues such as the level of supply is important, some suburbs are popular simply because they provide affordable stock for investors.
Others are popular because investors are capitalising on a local factor, such as a university.

Possibly what’s more important is that investment decisions are also made after consideration of the actual house and its relative location and price.
17 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Wyndham bus network overhaul planned for 2015 Adam Carey - 25 August 2014 Buses, for many years the poor cousin of Melbourne's public transport system, will get a boost early next year when five new, higher-frequency routes start up in time with the opening of the Regional Rail Link between Werribee and the CBD.
The new bus routes will run every 20 minutes into some of the least serviced pockets of Melbourne, to and from two new V/Line stations that are being built in the outer west.

The railway stations will serve the suburbs of Tarneit and Wyndham Vale, where housing estates are being built for tens of thousands of people moving into Wyndham, one of the fastest-growing municipalities in Australia.
The $4.3 billion Regional Rail Link is due to open in April, and will untangle rail lines shared by Metro and V/Line, giving each their own dedicated paths.

Bus routes and timetables along the 45-kilometre rail line will change in conjunction with its opening, including the creation of five new, direct routes in Wyndham.

The buses will shuttle passengers every 20 minutes in peak times between stations on the Werribee line and the new stations at Tarneit and Wyndham Vale.
They will run along main roads, avoiding slow journeys through back streets.

Public Transport Victoria will on Monday hold the first of several community information sessions about the new bus network, which will also involve changes to less frequent neighbourhood buses.

The authority has been criticised over changes it imposed without consultation last month to bus routes in Melbourne's eastern suburbs.
Public Transport Users Association president Tony Morton said that by going out to the public first, PTV was handling its bus changes in Wyndham much better than it did for eastern suburbs residents.

"There's been a huge backlash there because the changes weren't explained to passengers and the public was virtually locked out of the process of deciding what the changes ought to be," Dr Morton said.
"Ultimately public transport is run for the travelling public and it makes sense for the public to be involved."

Dr Morton said Wyndham's bus network was ripe for change, its shortcomings representative of those that bedevil the wider suburban network; sparse scheduling, circuitous routes and a failure to connect with trains.

These problems combine to force people into their cars, he said.

Cameron Nash is a Swinburne University student who lives in Wyndham Vale.
He takes the bus to Werribee station on his way to classes, a winding 25-minute journey.

The trip would take him five minutes in his car, but he rides the bus because parking at the station is a nightmare, he said.

"What I'm looking for in a bus route is something that is more direct, connecting up with the trains and more frequent," Mr Nash said.

"Forty minute frequency just doesn't cut it, especially not in an area like Wyndham."
LeadWest chief executive Craig Rowley said there were 12,000 households in Wyndham located more than 400 metres from a bus stop, and extending services into those areas was critical.

Public Transport Victoria spokeswoman Helen Witton said the authority wanted to make Wyndham's buses simpler and more direct.

"We have tried to design a network that is both useful and convenient for more people in Wyndham, and that gets them to their destination as quickly as possible," Ms Witton said.
18 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S First home owners grant Nila Sweeney It’s not often someone gives you $7,000 for nothing.

However, that’s what you’ll get as part of the first home Owner Grant (FHOG).

Originally introduced in 2000, the grant was doubled to $14,000 during 2008 and 2009 to support new homebuyers through the global financial crisis.
While the grant has returned to its original figure of $7,000, there are still a range of extra state-specific incentives available for first homebuyers which can significantly assist with the task of getting on the property ladder.

Indeed, it’s arguable that in the current market the lower $7,000 grant is just as, if not more, valuable than the enhanced grant.
The boost to the grant was blamed for inflating the price of entry-level properties, with buyers rushing to take advantage of it which in turn pushed prices up due to the demand.

In the current, less frantic market, first homebuyers could find themselves in a position to get a better deal than they would have a couple of years ago, while still benefiting from the FHOG.

How does it work?

The FHOG is a national scheme, funded by the states and territories and administered under their own legislation.
While the basic $7,000 grant applies across all states, some states and territories also provide their own additional grants and stamp duty subsidies, including additional benefits for new construction and new homes in regional areas.

State Maximum Benefits Available FHOG NSW $29,490.00 $7,000 There is no tax payable on the grant and the state government administers it with the help of a number of approved banks and lending institutions – although each state has its own variations on the grant regulations.
The grant is not means-tested, but it is restricted by property price in some states – and it almost goes without saying that you can only access the grant once.
The following eligibility requirements apply to the grant: • You must be an Australian citizen or permanent resident • You must not have owned property in this country • You must have lived in Australia for at least six months • You must be over 18 years of age • You must be buying or building your first property as a person, not as a company or trust • Neither you or your spouse can have claimed this grant previously • An eligible home must be located in Australia and be a new or established house, home unit, flat or other type of self-contained fixed dwelling that lawfully can be used as a place of residence • You must live in the property for at least six months, starting within the first 12 months immediately after purchase Only one grant is payable per eligible transaction (contract) regardless of the number of applicants involved in the transaction.
If you have a spouse or partner who has previously received a grant in any state or territory of Australia, you will not be eligible.

The wording around living in the property in the first year also deserves some clarification.

Essentially, at least one of the applicants for the grant must live in the property for a continuous period of at least six months, which must begin at any point within 12 months of settlement.
So, a buyer could live in the property for the first six months of those 12 months, they could live there between the three-month and nine-month points, or could start living there in month 11 – as long as he or she stays there for a continuous period of six months.

If it is a new home it must be occupied under the same terms, within 12 months of construction.

In terms of payment, the grant usually gets approved at the time of settlement.
Typically, the grant will be paid direct to your mortgage lender and most major lenders are authorised to receive the grant on your behalf.

If you are building a new home, the grant will be approved once your lender issues the first scheduled loan payment.

QLD $19,750.00 $7,000, plus an additional grant of $4,000 for those building or buying a new home in certain areas of regional Queensland.

The commencement date must be before 30 June 2011.


Neither grant is available for properties worth more than $750,000.

VIC $26,500.00 $7,000 – not available for properties worth more than $750,000.

WA $28,665.00 $7,000 – not available for properties worth more than $750,000.

Other Concessions The Home Builder Bonus (HBB) and First Home Plus (FHP) schemes provide exemptions on stamp duty.

The HBB provides a full exemption on duty for off-the-plan homes up to $600,000, worth $22,490.
FHP provides a full exemption for any property up to $500,000 and a partial exemption up to $600,000 (the maximum saving available under this scheme is $17,990) The Queensland government also operates a range of stamp duty exemptions and concessions for home owners, first homebuyerrs and first home builders.

First homebuyers receive a discount of up to $8,750 for properties up to $505,000; vacant land up to the value of $250,000 receives a full exemption.
Buyers may also be entitled to receive an additional payment of $13,000 (for new homes only), known as the First Home Bonus.

To be eligible to receive the bonus the purchase price of the property must not exceed $600,000.

For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $6,500 regional bonus is also available (in addition to the above bonuses).

Stamp duty concessions apply to first homebuyers.


There is a full exemption for properties up to $500,000, and a concessional rate up to $600,000.

The Home Buyers Assistance Account also provides first homebuyers with financial support.

The scheme provides a grant of up to $2,000 for the incidental expenses of first homebuyers when they purchase an established or partially built home through a licensed real estate agent for a purchase price of $400,000 or less.
The grant can be used for mortgage registration fees, solicitor and/or settlement agent fees, valuation fees, inspection fees, loan establishment fees, mortgage insurance premiums and lending institution fees associated with lodging the application.

SA $15,000.00 $7,000 up to a maximum property value of $575,000.

A bonus grant of up to $8,000 is available to buyers who enter into a contract to purchase or build a new home.

There are no other concessions.


ACT $19,780.00 $7,000 The Home Buyer Concession Scheme allows eligible homebuyers earning under a certain income threshold to pay a token duty of $20 on properties under $360,000 and a concessional rate up to $445,000.

NT $33,730.00 $7,000 – not available for properties worth more than $750,000.
The Northern Territory government provides a stamp duty First Home Owner Concession (FHOC) of up to $26,730 to persons purchasing their first home or land on which to build their first home.

The FHOC is not means-tested, but the purchase price must not exceed $750,000.

TAS $11,000.00 $7,000 The Tasmanian government applies a concessional rate of stamp duty for first homebuyers of up to $4,000 for properties up to a value of $350,000.
19 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Melbourne urban sprawl to extend into six new suburbs over next 20 years Larry Schlesinger - 14 June 2012 4,600 new homes for 13,000 new residents in Lockerbie North (incorporating parts of Mitchell and Whittlesea) along with a new train station, a new north-south arterial road, two state primary schools and a secondary school, two new sports reserves, a transit oriented town centre next to the future train station.
4,850 new homes for 13,500 new residents in Manor Lakes (in Wyndham) along with two state primary schools, two large new recreation reserves, a local town centre and an important new north-south arterial road.
7,000 new homes for 20,000 in Merrifield West (in Hume) along with the development of two state primary schools, football and soccer grounds, two local town centres and a number of local parks 6,650 new homes for 18,500 new resident in Rockbank (in Melton) over a longer 25 year time frame) along with the development of two state primary schools, a secondary school, three active recreation reserves, two local community facilities, higher order civic uses, passive recreation and linear trail network, a major and local town centre and an important east- west arterial road.
Merrifield West residents travelling into the city will have to rely on the Donnybrook V/ Line rail station or drive seven kilometres to the Craigieburn rail station, while Rockbank North and Lockerbie residents will need to use already busy V/Line rail stations until the new train station proposed for Beveridge is completed.

There will be an expansion of the Diggers Rest V/Line rail station.

Guy says the urban expansion plan will provide opportunities for Melbourne’s economic and social future.
“Housing, employment, infrastructure and all the other elements that make up our community need to be planned and implemented carefully,” he says “The completion of this review will lead to urban growth boundary modifications to ensure adequate long-term land supply and enable planning for population growth to be completed well ahead of time.” Many of these new outer suburbs are already the focus of new housing developments, with the March quarter Oliver Hume residential communities report noting that 10 new communities comprising a total of 3,400 lots launched over the first three months of the year.
Four of the 10 projects were located in Wyndham, three in Melton, two in Whittlesea and one in Hume.

The report says it would take 6.8 months to sell the current level of supply represents 6.8, exceeding the industry benchmark of six months for the first time since the September quarter of 2006.

All municipalities experienced a rise in supply with 20 months’ worth of supply in Mitchell (Wallan-Beveridge) and also double- digit level of supply in Melton.
The City of Hume is now the tightest market, with only 4.2 months of supply.

20 Melbourne’s urban growth boundary will extend outwards over the next 20 years to incorporate six new fringe suburbs and provide new homes for up to 100,000 people.
The plans, unveiled by Victorian Planning Minister Matthew Guy, includes the development of six new metropolitan suburbs at Diggers Rest, Lockerbie, Lockerbie North, Manor Lakes, Merrifield West and Rockbank North and follow the completion of the Logical Inclusions Review of Melbourne’s Urban Growth Boundary (UGB).

The new suburbs will expand Melbourne’s urban boundary to the North (Mitchell and Whittlesea), to the West (Hume, Melton and Wyndham) and South East (Cardinia and Casey) by 6,000 hectares.
The 6,000-hectare expansion is significantly less than the 43,000-hectare expansion planned under by the previous Victorian government.

Plans for the new suburbs include the building of new train station, town centres, open space and other key infrastructure Over the next 20 years there will be 3,800 homes developed for 10,700 residents in Diggers Rest in Melton as well as local town centre located, the extension of Houdini Drive, a multi-purpose community centre and additional sportsgrounds.
10,500 new homes for 29,500 new residents in Lockerbie (incorporating parts of Hume, Mitchell and Whittlesea) as well as a new train station, a new north-south arterial road, three state primary schools and a secondary school, four new sports reserves and a new principal town centre next to the future train station.
CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Regional Rail Link brings the goods to Truganina, say analysts Philip Hopkins - June 30, 2012 Mr Ghougassian said the new rail service was expected to drive population growth.

''Current and future companies in the area will be able to take advantage of the increasing workforce population,'' he said.
Recent deals in Truganina included Coles with 70,000 square metres, Pacific Brands with 43,000 sq m and Toll Logistics, 17,300 sq m. ''Firms are able to see the benefits of being just outside Laverton, which is traditionally considered the heart of the industrial west."

Mr Ghougassian said.

About 55,000 sq m of speculative stock entered Melbourne's western market before Christmas, with about half of that in Truganina.
JLL's director of industrial, Rob Mirabello, said low amounts of speculative stock affected prospective tenants' ability to lease new facilities.

''We're seeing it at the pointy end of negotiations.

It is not uncommon for two or more companies to be vying for the same building, in fear of having to wait for the next to be completed,'' he said.
TRUGANINA, in the City of Wyndham in Melbourne's west, is emerging as a prime industrial area due to new infrastructure and a growing population, according to a new analysis.

The new Regional Rail Link to the region will be a key catalyst, the Jones Lang LaSalle analysis has found, building on the west's long established advantages: proximity to the Port of Melbourne and huge industrial land parcels.
The Regional Rail Link is a major rail line running from West Werribee through Deer Park and suburbs including Sunshine and Footscray to Southern Cross Station.

Separating Geelong, Bendigo and Ballarat trains from metropolitan trains will free up critically needed space for metropolitan services on the Werribee, Sunbury and Craigieburn lines.

New tracks will be built from West Werribee Junction to Deer Park and from Sunshine to Southern Cross Station.
The line will use existing tracks from Deer Park to Sunshine.

JLL's senior executive of industrial services, Pierre Ghougassian, said the rail line, by linking Werribee via Truganina to Deer Park, would join the western industrial market to the north.

''It is clear that Truganina ticks all the boxes for the majority of Melbourne's large warehouse requirements,'' he said.

''It will also provide better access to Melbourne's industrial areas with two new stations located at Tarneit and Wyndham Vale.''
21 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Melbourne records strongest August 2014 quarterly growth: RP Data Jessie Richardson - 1 September 2014 Melbourne recorded the greatest quarterly lift in dwelling values of any Australian capital city, according to the August RP Data CoreLogic Hedonic Home Value Index.

Dwelling values in Melbourne were up 6.4% for the quarter to August, ahead of the 5.0% increase recorded in Sydney.
However, on a monthly basis, Sydney had the greatest dwelling value increase, with a 1.8% increase recorded last month.

Melbourne saw an 0.8% increase in dwelling values over August.

According to RP Data, Melbourne's median dwelling price for August was $523,750.

The city's dwelling values are now 6.9% above their previous peak, and 19.5% up from the most recent market trough.

Over the past 12 months, Melbourne's homes have increased in value by 11.7%.
The median price of a house in Melbourne now sits at $570,000, while the median unit price is $460,000.

House prices increased by 6.6% in the three months to August, with a 12.4% increase recorded by RP Data over the past year.

Unit price growth has been slightly more modest, with a 5.2% quarterly increase in unit values and a 6.2% rise on an annual basis.
Despite a 10.9% increase in dwelling values across the capitals on a yearly basis, only Melbourne and Sydney the only two capital cities to record double digit price growth.

According to RP Data Research director Tim Lawless, Melbourne and Sydney's housing markets are responsible for the "two tier" market conditions.

"Over the latest growth cycle we have seen Sydney dwelling values increase by 27% and Melbourne values up by 19.5%," noted Lawless.
"Sydney and Melbourne were also the strongest performing cities during the 2009/10 growth cycle.

Since the beginning of 2009, we have seen values rise by a cumulative 50.1% and 46.1% respectively in Sydney and Melbourne.

"Looking at the remaining state capitals over the same time frame, the next best performer was Perth where values are now 15% higher, followed by Adelaide at 9.9%, Brisbane with 5.3% and Hobart where dwelling values are actually 1.5% lower."
He predicts that home prices are likely to continue to increase in the next quarter.

“Considering the ongoing high rate of auction clearance rates, a generally rapid rate of sale and the ongoing low interest rate environment, it’s likely that dwelling values rise even further over the next three months," said Lawless.

Rental yields are lower in Melbourne than in any other capital city, with houses offering 3.2% yields and units offering 4.2%.
Lawless notes that Sydney's gross rental yields have fallen to 3.6%.

"In Melbourne, where rental yields are even lower, we have seen gross yields fall by 32 basis points over the year to reach 3.2% gross," he said.
22 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Plan Melbourne: Vic government's 2050 vision for the city The Victorian State Government has released Plan Melbourne, a draft containing 7 objectives, 41 directions and 115 initiatives that will shape Melbourne from early 2014 to 2050.
The 176-page plan has been hailed by Premier Denis Napthine as “the most significant document for the future of Melbourne and Victoria over the next 40-50 years”, and a vision that would help Melbourne remain as one of the most liveable cities in the world.

However, the focus is not just on Melbourne, but also Regional Victoria.

“This is about producing a state of cities, not just a city state,” said Napthine.
With Victoria’s population set to grow exponentially by 2050, regional towns will become population and employment hubs, while urban renewal projects will drive jobs in Melbourne, the blueprint says.

So far, the plan has received the backing of several key industry groups, including Victoria’s leading transport advocate RACV.

However, the state opposition says the plan will change Melbourne, bringing gridlock and congestion.
“More high-rises, more people, more cars, but no public transport and no infrastructure,” deputy opposition leader James Merlino said.

Merlino added that the appeal rights of neighbours objecting to high-rise development would be removed under the more controversial parts of the plan.

Certain initiatives that were expected but missing from the Plan include accommodating for low scale unit development in established suburbs.
Instead, the housing focus is on high density and detached housing, with less in between.

Outer urban rail extensions, such as Mernda and Epping North, are not included, while others like Rowvlle have been delayed.

Municipal Association of Victoria president Bill McArthur said a permanent growth boundary sent a strong message to the market and encouraged a greater share of future growth and development in regional cities and towns.

The RACV also called for bipartisan support for the plan.
Geraldine Chua - 15 October 2013 “We believe it represents a chance to start getting transport infrastructure and planning right and to learn from the mistakes of the past,” said RACV acting general manager of public policy, Thanuja Gunatillake.
“This strategy offers a chance to end the chronic under-investment in transport projects and services and RAVC calls on both sides of politics to agree to the key proposals outlines in the report.” Brief outline of the plan, courtesy of Tract Consultants: The expected initiatives of the Plan include: A heavy reliance on activity centres and renewal areas to accommodate more of Melbourne’s growth, with far less emphasis on established areas of detached housing Significant residential growth in previously announced urban renewal precincts, including Fishermans Bend, Arden-Macaulay and E-Gate A new Metropolitan Planning Authority with powers to plan state-significant sites and precincts, and oversee the delivery of the Plan The establishment of 5 new metropolitan sub-regions - Central, Northern, Southern, Eastern and Western - as the basis for planning coordination and setting housing growth targets The surprising initiatives of the Plan include: · A permanent metropolitan boundary to replace the existing Urban Growth Boundary, with a ‘locking in’ mechanism to be determined · A serious push towards de-centralisation through the use of Regional Victoria as a ‘release valve’ when growth areas fill, especially in towns like Bacchus Marsh, Ballan, Broadford, Kilmore and Wothaggi.
· A massively expanded Central City - to be Australia’s largest commercial and residential centre by 2040 - at the hub of an ‘Integrated Economic Triangle’ of employment, ports and transport links · The Metro 2 Project - rerouting the Epping and Hurstbridge lines though a new tunnel to Melbourne University and ultimately Fishermans Bend · The identification of dozens of new urban renewal precincts like Cremorne, Collingwood, North Richmond to Victoria Park, and at Hampton, Jewell, Alphington and Essendon Stations · A possible future airport in outer south-east, with potential locations between Koo Wee Rup and Lang Lang identified More controversial initiatives include: · A "code assessment approach" to multi-unit development, meaning that development which meets enhanced ResCode standards in certain areas - such as the new Residential Growth Zone - are exempt from notice and third-party appeals · The majority of new dwellings - 600,000 of a total 1,046,000 - will be built in established areas (an established/growth areas split of 57/43%) · Continued expansion of the freeway network, including the East-West Link (with sweeteners like new boulevards and tram upgrades added), and investigation of the North East Link (Greensborough to the Eastern Freeway) 23 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Plan Melbourne 19 May 2014 Dr Napthine said Plan Melbourne would be the strategic framework behind the biggest infrastructure program in Victoria's history.
"The Coalition Government committed a record $27 billion in the 2014-15 State Budget for state shaping economic infrastructure that will create jobs, boost productivity and a build a better Victoria," Dr Napthine said.

The plan reflects newly committed transport projects such as the Melbourne Rail Link, including the Melbourne Airport Rail Link, and the full East-West Link road project, connecting the Western Ring Road at Sunshine West to the Eastern Freeway.
Mr Guy said Plan Melbourne defines a new blueprint for our city by unlocking land within existing urban areas, and a strong transport foundation upon which to attract investment and locate jobs, businesses, and services close to where people live.

"This is a comprehensive plan for Melbourne that caters for a projected population of 7.7 million people by 2051 and provides a solid foundation to meet these challenges," Mr Guy said.
"For the first time there is a dedicated authority, the Metropolitan Planning Authority, to implement Plan Melbourne and together with local government we now have the roadmap needed to forge a productive way forward for our great city.” Vital structural reforms to the Victorian planning system and a monitoring framework have been put in place to ensure Plan Melbourne can be delivered, while five new metropolitan subregions with representation from all metropolitan councils have begun work to coordinate infrastructure priorities across state and local government.
To implement the strategy, the Metropolitan Planning Authority will be given planning authority powers for metropolitan Melbourne, and will use these powers in precincts and locations identified in Plan Melbourne, including urban renewal precincts, national employment clusters, activity centres, and health and education precincts.

The Planning Authority will work closely with local councils as well as government departments, local residents and other interested parties.
Urban renewal of Fishermans Bend, E-Gate, Arden-Macaulay and along key rail corridors are a major part of the strategy.

National employment clusters in Monash, Latrobe, Sunshine, Dandenong South, East Werribee and Parkville, with concentrations of interconnected businesses and institutions, will make a major contribution to the national economy and Melbourne’s position as a global city.
Key activity and job centres will continue to be a focal point in areas such as Dandenong, Box Hill, Ringwood, Essendon Fields, Narre Warren, Broadmeadows, Epping and Footscray.

In addition, Plan Melbourne prioritises 25 health and education precincts in locations close to homes and transport connections to accommodate new highly skilled jobs and value adding industry.
24 Melbourne is set to become a powerhouse of jobs, investment and greater opportunity with the release of the Victorian Coalition Government’s new city shaping strategy to 2050, Plan Melbourne, Premier Denis Napthine announced today.

Joined by Minister for Planning Matthew Guy, Dr Napthine said Plan Melbourne integrated game-changing transport projects with job-creating urban renewal and activity precincts, close to homes and services that people need.
"I am delighted to release this final plan for our city that will deliver more jobs, more transport choices, more homes and more lifestyle opportunities across Melbourne," Dr Napthine said.

"It is vital that Melbourne's liveability is treasured and maintained.

Plan Melbourne outlines the leadership and direction for Melbourne to remain a great place to live, and do business well into the future.
"The plan creates a clear picture of Melbourne's infrastructure-led growth to 2050 and a long term plan integrating Victoria's regions with metropolitan Melbourne," Dr Napthine said.

CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Squeeze is on as Australia's populations boom Tim Colebatch - 27 November 2013 That already generates 60 per cent of Australia's population growth, but that would rise to two-thirds over the forecast period as the society ages.
The bureau produces new projections every five years after the census.

After the population boom since 2006, it now envisages much faster growth ahead than it foresaw five years ago, especially in Melbourne and Perth Sydney, however, is tipped to hold on to its crown as Australia's biggest city for longer than some have speculated.

On these figures, Melbourne would only gradually draw level before overtaking Sydney in 40 years' time.
Long before then, Perth would have overtaken Brisbane to become Australia's third-biggest city by 2028, with the ACT overtaking Tasmania in 2038.

25 Almost 10 million migrants over the next 50 years will swell Australia's population to more than 40 million by 2060 and more than 50 million by 2100, under dramatically higher new projections by the Bureau of Statistics.
The projections, the first for five years, envisage tens of millions more people crowding into Australia's capital cities over the next 50 years, overwhelmingly due to migration.

By 2060, the bureau estimates, Melbourne will have 8.5 million people, twice as many as now.

Even by 2050, it would have 1.2 million more people than the state government assumed in its core planning strategy, Plan Melbourne, released last month.

By then Sydney would have 8.4 million, an increase of 80 per cent from now.
Perth would more than double to 5.5 million people, and Brisbane to 4.8 million.

Both cities would be bigger than Sydney is now.

Melbourne would overtake Sydney in 2053.

Those four cities, the migrant magnets of Australia, would add 14 million of the 18.4 million extra people envisaged by 2060.
The rest of Queensland would add 2 million, the ACT would double to almost 750,000, but in much of the rest of Australia - South Australia, Tasmania, and regional NSW and Victoria - population growth will either reverse or slow to minimal levels by 2050.

The bureau puts forward three sets of projections based on different assumptions about birth rates, death rates, migration levels and interstate movements, which provide a range around its central projection.
The high projections envisage an Australia of 42 million people by 2050 and 70 million by 2100.

Even the low projections would see the population grow from 23 million now to 34 million in 2050 and 42 million by 2100.

Its central projections, which are those used in this article, would see Australia grow to 37.5 million in 2050, and 53 million by 2100.

Migration would become the driving source of Australia's growth.
The bureau's central projection assumes a long-run average net gain of 240,000 migrants a year, roughly current levels.

CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Melbourne growth to stand out in 2016: HSBC's Paul Bloxham Jessie Richardson - 10 February 2015 While Bloxham notes that foreign investment "is only a relatively small proportion of overall housing turnover", it is "likely to be having some effect on housing prices".
Victoria, which has seen the highest dwelling approvals of any state since 2009, is likely to see continued strength in the construction sector, according to Bloxham.

He also noted the impact of foreign buyers on demand for Australian property, explaining that Foreign Investment Review Board figures "suggest a strong rise in foreign investment in Australian housing in 2014, with particular strength in investment in new dwellings."

(see chart below).
(see chart below).

Melbourne will see the highest price growth of any capital city next year, HSBC has forecast.

In the latest HSBC Australia Downunder Digest report, HSBC Australia chief economist Paul Bloxham forecasts 4% to 8% price growth in Melbourne for 2016, after 7% to 8% growth in 2015.

Bloxham expects that in 2015, Melbourne and Sydney will "continue to outpace the rest of the nation", noting that from its mid-2012 trough, Melbourne's housing prices have increased by 20%.
"As Australia's growth rebalances away from the mining states towards the south-eastern states – of New South Wales and Victoria – the strongest ramp-up in construction should be expected in these states," states the report.

"Much of the interest from foreign buyers is in the Sydney and Melbourne new apartment markets," writes Bloxham.
26 However, Bloxham does not raise the prospect of a housing bubble in Melbourne as he did for Sydney, where HSBC predicts prices could fall by 2% in 2016 when they expect interest rates to increase.
CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Developers odds-on to win at planning tribunal Jason Dowling - 21 March 2015 Councils have almost become redundant in the decision-making process for controversial residential developments, according to a RMIT University study.

The house always wins, or in the case of Victoria's planning tribunal – big housing developments nearly always win, new research indicates.
The research focused on new residential development applications considered by councillors to highlight decisions in the context of urban consolidation policy.

Councils have almost become redundant in the decision-making process for controversial residential developments in Melbourne's suburbs, according to a RMIT University analysis of permit applications.
When councillors refused a permit, almost nine out of 10 permit applicants went to the Victorian Civil and Administrative Tribunal and in 73 per cent of cases the council's decision was set aside and the permit granted.

When councillors supported a development and residents appealed to the tribunal, the tribunal upheld the council's approval in 85 per cent of cases, the report by RMIT planning researchers Joe Hurley and Brendan McRae showed.
Once councils and the state government set strategic planning rules for an area, the power of a council to influence contentious individual planning applications diminishes considerably, an extract of the draft report indicates.

Although councils and third-party objectors, such as residents, may be able to slow or modify a development – often at a cost of millions of dollars to the project – they are rarely successful in stopping it.
The researchers looked at 759 development applications across the 31 metropolitan Melbourne councils in 2011 using minutes from council meetings, with the full report expected to be published later this year.

The report, Competing objectives, interests and politics in development assessment, said in contentious planning cases the tribunal has become an entrenched part of the application process and the tribunal offered developers "another spin of the wheel" at attractive odds.
It said given the number of cases where council planning officer recommendations were overturned, "[the tribunal] is going beyond providing oversight on the political influence of councillors".

Dr Hurley said planning law was often not black and white and included a level of discretion that assisted both developers and councils to deliver planning outcomes tailored to individual sites and the character of an area.
The research indicated a "protectionist impulse of local-level elected representatives and the role of the tribunal in making decisions that significantly diminish this protectionist influence".

"The system at the moment is doing a pretty good job of papering over the fact that local representative decision-making is really being circumvented," Dr Hurley said.

"For contentious issues, they are effectively withdrawing that delegation from the local level of government," he said.
Going to Victoria's planning tribunal is not cheap.

Another report by Dr Hurley showed a tribunal case can cost developers several millions dollars and residents more than $100,000.

Asher Judah from the Property Council said the report indicated the planning tribunal was doing its job and councils were not.

"[The tribunal's] job is to determine points of law, in these cases, planning law," he said.
A spokesman for Planning Minister Richard Wynne said the government was preparing legal changes so that the Victorian Civil and Administrative Tribunal must, where appropriate, take into account the extent of community opposition to permit applications.
Municipal Association of Victoria president Bill McArthur said councillors had "the complex task of considering an application in the context of the planning scheme and local planning policy, not based on councillors' personal views, while also fairly representing community views".
27 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Booming land sales in Melbourne inspires developer to come up with innovative profit making strategy for homebuyers and investors March 24, 2015 auction clearance rate has grown by ten per cent to 70.9 per cent in mid-February.

Robert Larocca, CoreLogic RP Data’s auction specialist, has said that the ascending trend in auction clearances suggests how buyers greeted the rate cut set by the Reserve Bank.
Mr Larocca added that the current trend will encourage more vendors to enlist their properties on the market to comply with the strong demand.

The auction specialist recently said to the Australian Financial Review, “in terms of volume and clearance rate the auction market is breaking records right now,” .

On the weekend of March 20-22, in Melbourne’s outer west, private developer Victoria Investments & Properties and Mirvac sold 69 lots at Woodlea housing estate following a ballot at Galli Winery.
Although there were only 70 lots available in stage one of the 711-hectare master-planned community near Caroline Springs, there were 185 registered buyers.

Matthew Dean, Woodlea’s project director said it was unprecedented to have such a high level of interest in a new housing estate’s first stage.

Mr Dean opined that the appeal of the project itself and market conditions were key reasons for that, the newspaper noted.
Woodlea offers 500-square-metre lots priced at $183,000 AUD, less than the $200,000 AUD average for Melbourne land.

It is also a 30-minute direct ride to the city and there are plans for parks, schools and a town centre.

Property adviser Richard Wakelin said the latest rate cut had reset the Melbourne market after it absorbed an oversupply of properties in late 2014.

“People are bold in their bids” and are trying to force offers on vendors ahead of auction, Mr Wakelin opined.
28 Due to booming land sales in Melbourne, one developer has come up with an innovative way to allow home buyers and investors to lay by land for 3-5 years before they have to pay for it and share in the profits.

“Innovative concepts such as these were aimed at trying to help solve the housing affordability problem, however, they are being swooped on by savvy investors who want to scoop up the potential profits”.
The demand is currently so high that some housing developers are now offering investor and homebuyers the chance to secure their housing lots in Tarneit, Melbourne 3-5 years in advance.

Melbourne Grove is one such new development that is allowing buyers to secure their lot now at discounted prices through an option.

Yet they have 3-5 years before they have to pay for their land.
Any capital growth over the next 3-5 years goes to the buyer and best of all they have no interest or holding costs for 3-5 years.

“The idea was to assist homebuyers in having a chance to lock in land for their future home ahead of time, or for parents to do so for their children”, said a Melbourne Grove Estate spokesperson Varun Pachnanda.

“However, savvy investors have been queuing up to buy the land using options and many are also using their SMSF where applicable”, he explained.
“They’ve figured out if you can buy land worth $200,000 today for $170,0000 and not have to pay for 3-5 years when it will be worth possibly $250-$270,000, then it’s a nice earner.

Plus they can either flip the option to a homebuyer or build on it and rent out to make even further profits before buying the land in 3-5 years.

According to Mr Pachnanda, they might have to limit the number of lots per investor to make it fair so that future homebuyers don’t miss out.
However, he said, savvy investors recognise that such deals are good whereas first homebuyers are less financially savvy and often miss out.

Even though Mr Pachnanda said they don’t officially launch their planned development until March 26, “we have already tallied up quite a few pre sales.

With less than 40 being released in stage1-3, it will sell out quickly because such is the demand in Melbourne’s property market“.
On the weekend of March 20-22, the first stage of a massive new housing estate in Melbourne’s suburbs completely sold out, as its developers embraced a ballot system to accommodate growing demand.

The appetite for existing homes is also strong, especially in Sydney where the clearance rate tapped 85 per cent.

Melbourne is once again a seller’s market, with clearances going up to above 78 per cent, figures provided by CoreLogic RP Data showed.
The property data and analytics provider previously revealed Sydney’s auction clearance rate had a historic spike to 83.3 per cent, while Melbourne’s CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Buy land not houses, says property millionaire and educator, Jamie McIntyre January 29, 2015 strategy, but for slower ten year strategy that is hard to beat with managed funds or stock market strategies.
“You can then purchase the land easily as you have 50% in equity that you purchased with an option for $150,000 now worth $300,000.

Then you can sell the land to a home buyer via local agents or preferably build a house on it and then sell it or rent it.

“A great idea to action now, for children to lock in property at today’s prices.

Or you can resell the option for a handsome profit and never need to buy the land as it has intrinsic value.
“The best thing about property options means you aren’t obligated to buy i.e.

as they are simply call options, you have no risk and can walk away at any time.

“Plus if the option is by a legitimate supplier, they will offer a 100% money back guarantee if the worst should happen and the development doesn’t proceed, secured by the land development itself.

“These quality 100% money back property options secured by real estate are becoming highly sought after products for savvy investors.
I believe these will become a common investment strategy in the future because of their profitability and security and this is why I’m moving into this space in a big way”, said McIntyre.

29 “Buying land, not houses I believe is now the most suitable investment strategy”, says millionaire property investor and motivational speaker Jamie McIntyre who heads the 21st Century Media and Education Group of Companies.
The Australian Financial Review reported last year that Mr McIntyre and the Reserve Bank Governor Glen Stevens have one thing in common, which is, they both believe inner city apartment markets are overheated and are wary of it as an investment, particularly in Melbourne and Sydney.

McIntyre, a property investor for almost two decades has been bullish on both Australian and US Real Estate.

In the past, he said “I would agree that simply buying houses and never selling was an ideal strategy.
“Even though that’s still a good strategy, smarter investors would be better off acquiring land in areas that will be developed in the future because if done correctly, not only are the profits are much greater, but it also contains less risk”.

McIntyre says he likes the ability to use options to buy land as opposed to borrowing money and paying interest on the land for a decade or more waiting for it to rise.
He said, “Options are commonly used in the stock market but the average investor doesn’t know that you can simply and easily buy property options to be able to profit from property without the risk of debt, interest repayments or any holding costs”.

According to McIntyre, because the Australian Property market is starting to overheat, it would be smart for property investors to start buying property options ahead of increasing their debt levels in the current market.
“There are only a few select suburbs I would consider buying Australian property in now, as most suburbs will not grow as well as many hope, whereas land prices tend to rise faster than houses.

“That’s why I don’t like inner city apartments as investments because there is virtually no land component.

Whereas buying land on the outskirts of capital cities or even better in fast growing regional cities that will become prime for residential development in the future, is a far more profitable strategy”.
McIntyre goes on to state: “Especially if you can use ‘property options’ to avoid borrowing, it means you get all the upside of capital growth without any interest repayments or holding costs or the need to beg a bank to loan you money”.

He explains that if you were able to secure an option over a future lot of land worth $150,000 today and let’s say it is a ten year option, in ten years time you could expect the land to be worth $300,000 or more in a fast growing area.
Alternately savvy investors can turn $120,000 into $1.2million by becoming a mini land developer by using a $120,000 option to secure for instance a one acre lot of land and sub dividing later into 4 lots worth $300,000 each (approximately) in ten years time totalling to $1.2 million.

Certainly not a get rich quick CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Why you need to be a sophisticated investor to make it in land banking?
March 7, 2015 You need to be a sophisticated investor to make the big profits in land banking.

Being a mum and dad style retail investor won’t cut it.

Here’s how to see if you are a retail investor, meaning you have to pay retail for investments for the rest of your life or a sophisticated investor and qualify to access wholesale land deals where savvy investors turn $135,000 into $1.2million in a decade.
Plus, this is why councils can’t tell you if (and when) a wholesale land project would be approved and why ringing them is a waste of time?

Firstly a wholesale land project (that offers you the chance to turn $135,000 into $1.2 million in 10 years or so) only exists when the land is currently outside the current Urban Growth Boundary or not currently zoned Residential.
If it is already zoned Residential or inside the UGB and thus is automatically going to be rezoned residential by council then land prices already adjust to reflect this and thus a lucrative opportunity doesn’t exist.

You could go and buy land at retail if you want this sort of guarantee and build a home on it, however, that’s not Land Banking nor will you make large potential profits.
Land Banking is when developers use foresight to buy land with a view to rezone in the future; and they lobby the council over years to get the rezoning or often won’t even apply for 10 years to get rezoning.

This creates opportunity for larger increases and profits in land value.
However these developers generally are large ASX listed companies that won’t share these enormous profits with you unless you buy their stock in the ASX and then you’ll get maybe 4-5% dividend return, but never the massive windfall that developers make.

If people who want to qualify to buy an option in one of our highly sought after land projects ring the council wanting some sort of guarantee that it will be developed, it just won’t happen.

Why?

1.
Why?

1.

Firstly it’s not their job to answer development questions about a project at a wholesale stage, which hasn’t been submitted to council and may be years away from being submitted.

It is rather annoying for them.

2.

If they categorically said yes that it will be rezoned and approved (which they can’t) then that would be the worst news you could ever hear.

Why?
Why?

Because the land would be worth ten times the current value already and we would never be able to let you acquire an acre of land that could be acquired for say $135,000 option.

It would more likely be $500,000 or $1 million and the opportunity would vanish for you to make such profits.

The council staff can only state what the current guidelines are, period.

Let’s use the example of Wallan and our Secret Valley Estate Project 45 minutes from Melbourne CBD.
It’s outside the current UGB and will remain outside even when the boundary is extended in a few years.

Council will say we have no plans at this stage to apply for rezoning that area as we have 50,000 potential house lots that can be developed inside the new UGB Thus, as far council is concerned, there is nothing to talk about.
The thing about bureaucracy; their position (in the long run) is somewhat irrelevant as based on these supposed guidelines half the housing estates around Melbourne and Wallan wouldn’t exist today.

Yet they do.

In recent years, the Mitchell Shire Council, which includes Wallan have approved numerous developments that were and are going to remain outside the UGB.

You can Google and find many of these selling retail land as we speak.
According to their same guidelines, these should never been approved, however they do so today.

In fact they approved the “Hidden Valley ” estate over 30 years ago.

The UGB was a long way from Wallan back then, and Hidden Valley will remain outside the UGB for years to come.

Yet it exists and is growing still to this day.

Therefore, relevancy of the Urban Growth Boundary (UGB) is limited.
UGB simply means the council at some point in the future will rezone it where if it’s not UGB it will require developers to submit rezoning request to try an achieve a rezoning.

See the article “developers Jump the UGB in the due diligence kit ” to understand why these areas the council will automatically rezone at some point which drives the price of land up to often unsustainable levels.

Outside UGB they won’t approve a rezone unless a developer successfully lobbies over time and gets approval.
An irrelevant statement is that Wallan will have room for 50,000 new houses inside the UGB to cover demand for 20 years.

Bureaucratic government departments can say such things that sound good but mean little and to be a sophisticated investor we need to learn to look past it.

The statement above is assuming that all the land owners inside the UGB will suddenly develop the desire (and skill set) to become land developers.
How is the council going to enforce that they stop their current activities on their land and develop?

They can’t and most won’t.

To see for yourself, drive from Melbourne to Wallan and you will see thousands of acres of UGB land with not a single house on it.

Why?

Because making something UGB doesn’t mean houses will be built as developers will build where they want to build.

A wholesale land deal only works long term in areas outside UGB that’s why it’s called wholesale.
Retail land is land that’s already approved and that’s why you pay retail prices.

But then again in our land projects what risk do option holders take?

The option is secured against real estate and if the development isn’t approved in a certain time frame it becomes 100% refundable.

There an upside to turn $135,000 into $1.2m, and downside you get your money back.

You can even apply to transfer to an alternate project that may get approval sooner.
So to be a sophisticated investor and take advantage of land banking you can’t expect retail security.

Retail security is for mum and dad investors and not sophisticated investors.

That mindset doesn’t get you a pass to be a partner in our projects.

We have retail land, which we can offer those with that mindset in UGB that council is rezoning residential without us needing to apply for rezoning.

Wholesale and the big profits are not for those types of investors.
So you need to decide if you’re a sophisticated investor and if so then such an investment can be suitable.

If not a retail type offering with less risk is more suitable.
30 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Family to become multi-millionaires as the farmland they bought for $300,000 in 1982 is now worth $70MILLION Sally Lee - 4 October 2014 • The 108ha farmland in Sunbury, northwest of Melbourne, was bought in 1982 for $300,000 • It was bought by ten investors, among them five brothers • The area was considered ‘the middle of nowhere’ but is now a prime housing development site said to be worth $70 million • The site is made up of ten blocks, ranging in size from 6.25ha to 19.59ha • The property, which will hit the market next week, has also gained interest from overseas buyers A patch of land which was once worth $300,000 is set to turn a group of Melbourne family and friends into multi-millionaires.
The 108ha farmland in Sunbury, northwest of Melbourne, was bought in 1982 and was considered ‘the middle of nowhere’ which has now transformed into a prime housing development site - worth $70 million.

Ten investors, among them five brothers, told Nine News they had to borrow funds to place a deposit on the property as they were destitute at the time.
The ten blocks of land, ranging in size from 6.25ha to 19.59ha, is expected to be rezoned and developed into 2000 properties to create a new suburb - South Sunbury.

The investors put the property on the market when they realised nearby farmland was being turned into residential areas.

The sale will be divided up among them, based on the size of the blocks each investor owns.
They include tradesmen, aged in their sixties and seventies, who say the property sale will help them enjoy their well-earned retirement.

‘For me and my wife... we didn’t have much holidays, because working hard, now we try to enjoy a little bit more than we did before,’ one co-owner told Nine News.

The Croatian immigrants hope to share their earnings with their family and also take trips to their home land.
‘I got a grandchildren, a little bit for them and a little bit for me too,’ said another co-owner.

If the hobby farm is sold for $70 million, current owners will earn about $65 per square metre.

Real estate agent Joseph Ngo said the property, which is set to officially hit the market next week, has already generated interest from buyers in China and Sweden.

‘They do have in the pipeline a train station, of course a school, a park,’ he said.
One of the co-owners said he will give some of the money to his grandchildren, but he and his wife will also visit their homeland in Croatia Real estate agent Joseph Ngo said the property, which is set to officially hit the market next week, has already generated interest from buyers in China and Sweden The 108ha farmland in Sunbury, northwest of Melbourne, was bought in 1982 for $300,000 and is said to be worth $70 million 31 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 N E W S A R T I C L E S Demand for house and land packages booming, as buyers chase Australian dream Emily Power - March 26 2015 Families cheered and cried as Nixon plucked their names from a barrel, after which they chose their plot – priced at an average of $186,000 for 500 square metres – and signed contracts.
The first names pulled were couple Anjeza Hoxhalli and Alex Talezski.

After renting at nearby Caroline Springs, the first-home buyers wanted somewhere to start a family and were keen to skip the "too-hard- basket" auction system, said Mr Talezski.

Some families had waited years to secure land, said Woodlea project manager Matt Dean.

"There was a lot of anticipation and a lot of nervous people," he said.

"When the first name was drawn out, the whole crowd cheered.
"We had people crying because they were so relieved to secure their land."

At Wantirna Rise, $53 million worth of land was also sold last Saturday at a rate of four blocks, worth on average $477,000, every 15 minutes – equating to more than $7.5 million every hour.

Buyers had to register for what the developer dubbed a "Golden Ticket".

Real estate agent Peter Nicolls started inking contracts on site at 7am, in the dark, and sold out of the 113 available plots.

"It was a frenzy," he said.


"It all comes down to how well it is priced.

"We have been very successful selling projects in Berwick and also in Keysborough, and other areas like Pakenham and Cranbourne, and it has definitely now reached new heights."

Developers say 2010 was a peak for the housing estate market, stimulated by the government's first home buyers grant.

Following that spike, developers were dangling carrots of free cars worth $40,000 and furniture along with house and land bundles.
Now, demand is again so high that they don't need such enticements, with some eager buyers even camping out for days at new housing estates around the country for first dibs at the best blocks.

First home buyers Anjeza Hoxhalli and Alex Talezski sign contracts for their new block of land at the Woodlea development in Rockbank.

Photo: Peter Casamento Ballots, camp-outs and $1000 registration fees – like Willy Wonka's golden tickets – are part of buying a house on the city fringes amid a new estates boom.
Melbourne's auction market is flush with an autumn record of almost 1400 homes going under the hammer this weekend.

But an unprecedented surge in demand for house and land packages is also seeing thousands of families achieving the great Australian dream in a process that is just as competitive and as hyped as the auction market.
Melbourne's housing affordability squeeze, growing population and low interest rates are fuelling the uptick in Victorians buying into so-called masterplanned communities, developers say.

A UK housing report recently identified the growing number of "rururbs" – rural suburbs – with the trend in Britain mirrored on the outskirts of Melbourne, from Maddingly in the west, Mernda in the north and Officer in the south-east.
About 30 kilometres west of Melbourne at Plumpton on the Melton Highway, around 350 people keen to buy into the new Woodlea development packed into a winery last Saturday for a lotto-style ballot.

A random draw, with much fanfare, was necessary after 3000 inquiries for just 70 blocks of land.

About 185 families paid a registration of $1000 for the right to attend the event, which was hosted by Channel Nine weather presenter Livinia Nixon.
This weekend, in Kalkallo – 33 kilometres north of the CBD – Stockland will launch the $4.6 billion Cloverton development, Victoria's largest ever residential project.

Cloverton covers more than 1100 hectares along the Hume Highway, with 11,000 dwellings and a town centre equivalent to 30 MCGs.

House and land is priced from $270,000, or a vacant block from $129,000, and it's expected about 30,000 Victorians will move to Cloverton over the next 30 years.
Stockland's Victorian residential regional manager Jason Shaw said sales across its Victorian estates are nudging 2010's high point.

"Our trading across all of our existing eight projects has really been very solid ... and probably this year that has stepped up to another level," Mr Shaw said.

"We are returning to those levels of demand.

Certainly with Cloverton and the launch this weekend we are confident we'll have a sell-out result based on the level of interest."
32 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 L A N D S U P P LY P I P E L I N E 7 TO 10 YEARS Making land available for housing can take as much as 7 to 10 years, sometimes even longer.

Finding ways to speed this process up along all facets of the supply pipeline will help respond to changes in demand and pass savings on to housing consumers.
LAND ACQUISITION BY DEVELOPERS REZONING PROCESS (2 - 5 YEARS) MASTER PERMIT PROCESS (1 - 2 YEARS) SUBDIVISION PERMIT STAGE 1 (3 - 6 MONTHS) NOTIFICATION TO CLIENTS (120 DAYS TO EXERCISE OPTION) SIGN CONTRACT / PAY 10% DEPOSIT / SETTLE (1 – 2 YEARS) LOT CONSTRUCTION STAGE 1 (1 - 2 YEARS) HOUSING CONSTRUCTION (6MONTHS +) 33 CENTURYPROPERTY21STScrutiny of Financial AdviceSubmission 146 - Attachment 2 21 ST C E N T U RY PRO PERTY LEVEL 8 100 ALBERT ROAD, SOUTH MEL BOURN E VI C 3205 P HO NE 180 0 999 270  FAX 03 8456 5973 w w w. l a n d b a n k i n g .
c o m .

a u Disclaimer: (important to read as contains details in regards to understanding the intention of this brochure as a ‘concept brochure only’)this brochure is concept only and has only been created for the purpose of providing information to both current and prospective clients who wish to reserve lots in the planned development.

Accordingly, one should not rely on the accuracy, completeness or suitability of the information contained herein.
This brochure is presented only as a proposed guide for illustrative and educational purposes.

It should not be represented or regarded as legal advice, real estate advice, investment advice, tax advice and any other similar professional advices.

All matters of contract and details for contracting are solely dealt with in the lot reservation agreement and in no way whatsoever does this brochure form part of an offer or contract between the parties.
Before making any decisions to invest in property, any and all potential purchasers must: conduct their own research, and, take any measures the purchasers reasonably believe are necessary to verify the standard and suitability of the property for the purpose for which it is being reserved, such as: obtaining independent financial, legal and professional advice, from those suitably qualified in the relevant industry, in regards to your circumstances, objectives and risk appetite, notwithstanding we have taken all reasonable care to provide the information but considering that the proposed development is in an area currently not zoned residential and many changes may have to take place to the proposed plans to meet approvals by local or state authorities the information provided can only be considered general in nature and under no circumstances is it to be considered a definitive statement of the nature of the development.
The vendor (and all officers, directors, employees, agents and affiliates thereof) shall make no warranties and accept no responsibility or liability whatsoever for any loss, damage or claim of whatever nature suffered or incurred by any person who relies, or seeks to rely either wholly or in part on any information, projection, advice or opinion provided in this brochure.
All site plans, photographs, description, statements, graphs and renderings (images) are lifestyle location shots, internal/external housing images and/or artist’s impressions of the final product.

These images are for conceptual purposes only and for the avoidance of doubt do not constitute an indication of the final look of the development, an estimate of the expected returns on the property investment and a warranty for the provision of the included facilities.
All information, pricing, availability, design and facilities as quoted in the brochure are subject to change without notice for any reasons (however arising) including but not limited to amendments to the final plan subject to panning restrictions.
Without prejudice to the rights outlined above, the vendor (and all officers, directors, employees, agents and affiliates thereof) may hold shares and/or obtain fees and/or other benefits from the companies presented and promoted in this brochure and/or in the described materials, with no consequences.

All texts, trade names, trademarks, copyrighted material, logos and related materials remain the copyright and property of their respective owners.

Scrutiny of Financial AdviceSubmission 146 - Attachment 2