100 Allingham Street

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1 INFORMATION MEMORANDUM 100 Allingham Street KURABY CONTACT Alex Stevenson Proudly Presented by: LJ Hooker Sunnybank Hills

2 INTRODUCTION Thank You Kuraby is the up and coming suburb in Brisbane s south. At four hectares, it represents one of the last large development sites in the southern suburbs, and is an unmissable opportunity. QUESTIONS? Contents Page 100 Allingham Street, Kuraby 4. Walkability & Accessibility 12. Residential Market Engagement 6. Zoning Maps 14. Land Sales 8. Population & Shifting Demographics 20. Townhouse Sales 9. Market Analysis 24. Neighbouring Sites 10. Education & Employment Please do not hesitate to contact me at any time Alex Stevenson astevenson.sunnybankhills@ljh.com.au Allingham Street Kuraby I N FO R M AT I O N M E M ORA N DU M 3

Walkability & Accessibility Kuraby 1 As an up-and-coming suburb in the South Brisbane region, Kuraby is a highly accessible area holding a great appeal to families and aspirational couples looking to

3 Walkability & Accessibility Kuraby 1 As an up-and-coming suburb in the South Brisbane region, Kuraby is a highly accessible area holding a great appeal to families and aspirational couples looking to settle down in well-connected location Surrounded by several public parks, as well as a number of food outlets and the Kuraby Farmers Market, Kuraby is also of particular appeal to those of Islamic faith, with several Islam-centric community facilities and schools in the region. The nearby Sunnybank Plaza and Garden City Shopping Centre also hold a number of entertaining diversions, with a variety of unique restaurants and fashion outlets, as well as cinemas and community hubs. With these facilities nearby, and Brisbane City in easy reach with frequent city trains travelling from the Kuraby train station, this accessible suburb is a highly-desirable location for a variety of buyers Entertainment, Shopping & Dining 1 Brisbane CBD 2 3 Underwood Shopping Centre Springwood Shopping Mall Sunnybank Hills Shopping Town Calamvale Central Shopping Centre Market Square Sunnybank Plaza Shopping Centre Sunny Park Shopping Centre Westfield Garden City Education Woodridge North State School Kuraby State School Islamic College of Brisbane Recreation & Green Space Calamvale Hotel Kuraby Farmers Market Logan Metro Football Club Infrastructure QE II Hospital Sunnybank Private Hospital Allingham Street Kuraby

Zoning Maps 100 Allingham Street, Kuraby Key:

habitat area Biodiversity interface area General

Elevation Contours 1m Interval Zoning Map Local Plan

boundary Brisbane City boundary Habitat areas and

areas Railway station Bushfire Overland Flow Railway

Medium hazard area Citywide waterway corridor High

hazard buffer area Brisbane River corridor - section

4 Zoning Maps 100 Allingham Street, Kuraby Key: Biodiversity Areas Priority Koala habitat area Koala habitat area Biodiversity interface area General ecological significance High ecological significance Elevation Contours 1m Interval Zoning Map Local Plan Emerging community zone Key: Neighbourhood plan boundary Brisbane City boundary Habitat areas and ecological corridors (public) Potential development areas Railway station Bushfire Overland Flow Railway Key: High hazard area Key: Brisbane River corridor Medium hazard area Citywide waterway corridor High hazard buffer area Local waterway corridor Medium hazard buffer area Brisbane River corridor - section boundary Waterway centreline Allingham Street Kuraby INFORMATION MEMORANDUM 7

5 Population & Shifting Demographics Market Analysis Land Buyers Families clearly constitute an overwhelming majority of Kuraby s population; over 58% of all residents are part of a family household, with childless couples roughly 22% of the remaining population as the next largest demographic. Both of these demographics traditionally prefer larger properties, with apartments not usually offering the space required to live comfortably. As such, this area would most likely respond well to a new townhouse development, with affordable housing meeting the needs of families and childless couples alike. In Kuraby, both the median sales prices and volume of sales over the past thirty years have fluctuated. However, there has still been clear growth over the long term, with market peaks reaching higher, and market valleys not reaching past lows. Price and Volume Growth Summary Kuraby therefore presents the opportunity for long-term returns to steadily increase, regardless of short-term fluctuations. Median Price Sales Volume Kuraby Demographic Preferences $800K 250 Lone Households Other Single Parents 3% Group Households 1 Bedroom 4% Couples with 4% 6% children 58% 7% 32% 1% 2 Bedroom 3 Bedroom Median sale price $700K $600K $500K $400K $300K $200K Sales volume 22% $100K Childless couples 63% 4 or more Bedrooms Propertyvalue.com, Allingham Street Kuraby INFORMATION MEMORANDUM 9

Education Kuraby With a variety of schools in and around Kuraby, as well as easy access to educational facilities in Brisbane City and

The Kuraby State and nearby Runcorn State High School cover both primary and secondary schooling, while both Griffith University s Mt

Also, most private schools throughout Brisbane are easily accessed due to the regular city-bound trains in the region.

Both Sunnybank Plaza and the Garden City Shopping Centre are nearby, and are host to a number of different businesses, including stores,

6 Education Kuraby With a variety of schools in and around Kuraby, as well as easy access to educational facilities in Brisbane City and beyond due to the nearby Kuraby train and bus station, students of all ages can find their education needs are met here. The Kuraby State and nearby Runcorn State High School cover both primary and secondary schooling, while both Griffith University s Mt Gravatt and TAFE Queensland s Acacia Ridge campuses are in easy reach. Also, most private schools throughout Brisbane are easily accessed due to the regular city-bound trains in the region. Employment Kuraby has a number of education and employment opportunities available within its borders to meet the needs of a wide variety of students and workers. With its central location in the South Brisbane region, Kuraby can offer a wide range of potential employment opportunities. Both Sunnybank Plaza and the Garden City Shopping Centre are nearby, and are host to a number of different businesses, including stores, fashion outlets, medical facilities, and more, with opportunities available to those at all levels of employability. Also, with Kuraby s strong public transport network, as well as the Brisbane-oriented Pacific Motorway in easy reach, those who seek employment in the city will have no issues travelling to and from work Allingham Street Kuraby INFORMATION MEMORANDUM 11

$With townhouses as a distant second, and apartments contributing only a small fraction of overall enquiry, this region would benefit from offering land blocks, and land packages to the market.$

7 Residential Market Engagement Kuraby MARKET TRENDS As the graph below shows, land enquiries are prime topic of interest to buyers in Kuraby. With townhouses as a distant second, and apartments contributing only a small fraction of overall enquiry, this region would benefit from offering land blocks, and land packages to the market. Kuraby Enquiry Apartments 6% Land Such an approach would attract the attention of the most potential customers in the region, and will also offer the added appeal of building as soon as possible after purchasing the land. Summary 29% 65% New lots of land has seen the most significant increase in enquiries, and reflects the current market trend in Brisbane south. Townhouses Allingham Street Kuraby INFORMATION MEMORANDUM 13

8 Land Sales Single lots sold in Kuraby Since 1st January 2015, 125 land sales have settled, with the sales dominated by the Pioneer Valley development. TYPE FACTS Median Price $370,000 Average $382,850 Volume 125 $/m 2 $754 The map to the right shows the location of all of sold blocks Allingham Street Kuraby INFORMATION MEMORANDUM 15

Land Sales MARKET COMPARISON FAST FACTS 101 MILLERS RD KURABY SPRING Summary These land lots were launched early last year, with the initial launch prices shown to the right.

9 Land Sales MARKET COMPARISON FAST FACTS 101 MILLERS RD KURABY SPRING Summary These land lots were launched early last year, with the initial launch prices shown to the right. LOT SIZE (M 2 ) PRICE $435, $435, $435, $435, $550, $520,000 TYPE FACTS Total Lots 15 Size 400m 2 635m $406, $410, $410, $416, $510, $450, $438, $438, $438, Allingham Street Kuraby INFORMATION MEMORANDUM 17

COMPTON ROAD Land Sales MARKET COMPARISON FAST FACTS 252 COMPTON RD KARAWATHA Islamic College of Brisbane STRETTON HEIGHTS Summary While this development is in Karawatha, a less popular suburb, it is

10 COMPTON ROAD Land Sales MARKET COMPARISON FAST FACTS 252 COMPTON RD KARAWATHA Islamic College of Brisbane STRETTON HEIGHTS Summary While this development is in Karawatha, a less popular suburb, it is located just 500 meters from the site, and as such is still comparable. Also, though there is a $13 per week body corporate fee on this site, it still achieved a $708/m 2 average sold price. LOT SIZE (M 2 ) PRICE $384, $384, $384, $389, $389, $411, $375, $398,500 TYPE Total Lots 79 FACTS $396, $405,900 Legend General Details Site Boundary Stage Boundary Open Space Available Sales Rate 10 remaining 5 per month Allotment Details No Vehicle Access Primary Frontage TO ACACIA ROAD (200m) Size 500m 2 633m Allingham Street Kuraby INFORMATION MEMORANDUM 19

11 Townhouse Sales Townhouses sold in Kuraby 35 townhouse sites have sold in Kuraby since The vast majority of these are over 10 years old. TYPE FACTS Average $300,001 Configuration 3 / 2 / 1 Volume 35 Average DOM 93 (Days on market) The map to the right shows the location of all sold townhouses Allingham Street Kuraby INFORMATION MEMORANDUM 21

Townhouse Sales MARKET COMPARISON FAST FACTS 130 CHESTERFIELD CRES KURABY Summary The most recent townhouse development in Kuraby, these properties can offer a good example of what standard the

12 Townhouse Sales MARKET COMPARISON FAST FACTS 130 CHESTERFIELD CRES KURABY Summary The most recent townhouse development in Kuraby, these properties can offer a good example of what standard the market expects in the region. LOT PRICE 1 $475,000 2 $475,000 3 $475,000 4 $475,000 TYPE FACTS Total Lots 22 Available Sales Rate 4 remaining 2 per month Allingham Street Kuraby INFORMATION MEMORANDUM 23

Neighbouring Sites 134 ALLBUTT ST KURABY This site sold in 2014. The market for Kuraby has seen an annual capital growth increase of 5.

13 Neighbouring Sites 134 ALLBUTT ST KURABY This site sold in The market for Kuraby has seen an annual capital growth increase of 5.09% over the past three years, significantly increasing the market. FAST FACTS TYPE Size FACTS 2,02 ha Sold $3,275,000 Date 2014 Location Same Advantages No Trees m 2 Rate $167/m 2 D.A. approved for approximately 68 townhouses, equalling roughly $50,000 per site Propertyvalue.com, Allingham Street Kuraby INFORMATION MEMORANDUM 25

14 SPECIAL PROJECTS DIVISION Pinelands Rd, Sunnybank Hills sunnybankhills.ljhooker.com.au facebook.com/ljhookersunnybankhills Thank You All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

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