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Snap Shot

RP Data and Terry Ryder rate Cairns in their Top 10

Disclaimer: All projections and assumptions are a prediction, and whilst Probity Investments has made every effort to ensure they are based on accurate and reliable information, they may be affected by assumptions that do not necessarily eventuate, or by known or unknown risks and uncertainties. The information in this publication does not represent financial advice and should not be regarded as such. It has been prepared without taking into account your financial situation or investment objectives. You should consider the appropriateness of the information in regards to your current financial situation or needs. Probity Investments Pty Ltd accepts no responsibility for the accuracy or completeness of any such material. The information is subject to change without notice and Probity Investments Pty Ltd is under no obligation to update the information or correct any assumptions which may change over time.

Cash Flow Positive by up to $4,081 per year

Being within walking distance to Austra-lia’s largest world class resort and close to all amenities, Whitehaven Apartments provide an Exceptional & Timely investment opportunity.

WHITEHAVEN APARTMENTS

PROPERTY TYPES:PRICE RANGE:

2 Bedroom Apartments From $439,900

CAPITAL GROWTH: 14.9 %RENT YIELD: 6.4 %VACANCY RATE: 1.9 %TOTAL R.O.I.: 21.3 %

Construction due to commence by DEC 2015, complete by July 2016

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07 3198 6200

Population Growth

Queensland’s population is projected to double to around 9.4 million people by 2056 and is pro-jected to replace Victoria as Australia’s second most populous state in 2050. Throughout the year, an annual 2% growth rate has been record-ed in Queensland, which was higher than the na-tional growth rate (1.8%). The state’s high rate ofpopulation growth will be driven by a continuedstrengthening of both net overseas migration andnet interstate migration levels.

Migration Rate

Queensland is one of only two states forecast to experience positive net interstate migration for the next four years, averaging 20,000 people per year. This rise is principally underpinned by mi-grants from both New South Wales and Victoria driven to move due to the state’s relative hous-ing affordability, economic conditions continue to decline and strong employment opportunities. For the year ended June 2016, the State’s net interstate migration level is forecast to rise from around 10,500 to 19,000.

Overseas migration has an immediate impact on the demand for housing as migrants require some form of housing on arrival, whether as rent-ers (in most instances) or as owner-occupiers.

Economic growth

The Queensland State Budget forecasts eco-nomic growth of 6 percent in 2015 - 16 with Asia continuing to be the main driver of growth. Queensland’s economy experienced the second highest average annual growth rate of any Aus-tralian state or territory over the last 20 years.

Queensland’s Gross State Product (GSP) is ex-pected to grow very strongly (at 3%) in 2014-15 which will see Queensland become the na-tion’s leading economy. Over the coming years, Queensland’s unemployment rate is forecast to decline, with the years 2013/14 alone seeing more than 60,000 new jobs created, taking the total number of employed persons to 2.32 million.

Looking ahead, Queensland is expected to con-tinue to outstrip national growth. Sustained low interest rates and stronger population growth are expected to strengthen spending in the house-hold sector.

Queensland Queensland is the second-largest and third-most populated state/ territory in Australia. According to the latest data provided by the Queensland Government, Queensland’s current population sits at 4,740,927 people.

Source: Resolution Research Strategists

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Located on the north east coast of Queensland; a two-hour flight from Brisbane, or three-hour flight from Sydney, Cairns is the hub of Tropical North Queensland, which is 400,000sq km, equal to the combined size of California and Oregon or Spain and Portu-gal. Cairns also has the closest access to the Great Barrier Reef, which is the largest reef in the world, also the world’s largest World Heritage Area.

Population Growth

Currently, there are 150,000 people within the Cairns Regional Council area. Cairns’ average population growth over the past ten years was 2.6% well above the Nation’s average of 1.5%. The Cairns Regional Council suggested the population of Cairns will reach 200,000 by 2022.

Cairns’ population is increasing by more than 100 people a week, a rate faster than any other region-al centre in Queensland. That number represents an increase of 3.9 per cent, bringing the popula-

tion to 158,653 people in the city of Cairns alone. Cairns of course services a wider area, estimated at 280,000 people.

In the year to June 2008, seven of the nine statis-tical divisions outside south-east Queensland in-creased in population, with four growing by more than 2.4%. The fastest-growing was Far North Qld (3.1%). Cairns as a region also had the fastest population growth (3.9%) of the local government areas outside south-east Queensland.

Economic growth

The region’s thriving economy is directly en-gaged with lucrative Asian markets and, through the tourism industry, is a key contributor to the economic prosperity of Queensland and the na-tion. The discovery of mineral deposits and the diversification of primary industries in the region ensure a broad base from which industry and pri-vate enterprise flourish.

Cairns

The Australian Bureau of Statistics noted Cairns is the 14th largest city in Australia, with one of the fastest growing populations. As the 4th most popular tourist destination in Australia after Sydney, Melbourne and Brisbane, Carins is booming with all the upgrades on facilities.

***Click for FULL Investment Overview

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Yorkeys Knob “Yorkeys”, as this emerging coastal enclave is affectionately known by Cairns locals, is named after a local fisherman called Yorkey who lived on the rocky hill (‘knob’) adjacent to Half Moon Beach in the 1880’. Yorkeys Knob has the only Marina of the Cairns beaches.

Yorkeys Knob is a quick 10 minutes drive north of the Cairns International Airport along the Captain Cook Highway and this quaint Cairns Beaches des-tination has everything to offer holiday makers; safe swimming beaches, restaurants, convenience stores, holiday accommodation, yacht club and ma-rina with boardwalk restaurant and a golf club that overlooks the ocean.

Population & Employment

The Census population of Yorkey’s Knob in 2011 was 2,768, living in 1,539 dwellings with an aver-age household size of 2.05. Yorkeys has long at-tracted a strong demographic of “double income, no kids” (DINKS) due to its ideal location.

Employment levels in Yorkeys is being further bolstered by the growth of industry employing highly skilled professional services. With the cur-rent and planned investment in local infrastruc-

ture and development, the population and em-ployment in Yorkeys is set to soar. The figures speak for themselves.

Aquis Great Barrier Reef Resort / Casino will take place over two stages and create more than 6,500 full time construction jobs & 20,000 opera-tional staff.

Cairns Airport Redevelopment onsite employ-ment is estimated at 2,100 full-time equivalent per year.

Cairns Shipping Redevelopment will generate 215 full-time equivalent jobs during construction and up to 679 extra flow on jobs per year by 2041, significantly boosting local business, tourism and the economy.

“Yorkeys is the most conveniently located and well serviced of the Cairns northern beaches with growing demand and re-stricted supply in the market.”

Sources: forecast.id.com.au, Queensland Department of State Development, Infrastructure & Planning

Stage 1• 3750 (construction)• 11,000 (operational

Stage 2• 3500 (construction)• An additional 9,000

(operational)

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Cairns Airport Redevelopment

The Cairns airport is currently undergoing a $250 million redevelopment to mirror the international standard of the airports in the southern cities, which strengthen the airport’s position as one of the best in the country and appeal to the two million visitors to Cairns each year. A $1 billion redevelopment of Cairns Airport proposed over the next 20 years will ensure the airport land holdings continue to evolve as Australia’s Asia Pacific Integrated Hub.

Cairns Hospital Redevelopment

The $454.6 million redevelopment of Cairns Hos-pital (previously known as Cairns Base Hospital) will provide an additional 168 beds in 2015, bringing the total to 531 beds.The redevelopment is a programme of works comprising a series of separate projects to relocate existing hospital services and support func-tions to allow the construction of a new, 33,000 sqm Clinical Services Building on the existing campus, integrated with the refurbished existing 43,000 sqm hospital.

Cairns Shipping Development Project

The Cairns Shipping Development Project is a com-munity project that will support Cairns to take its place as one of the premier cruise destinations in Australia, capitalising on the booming global cruise industry. The project is primarily an expansion of existing channel. It is estimated the project will bring additional regional economic benefits of $634 million over 25 years.

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InfrastructureAquis Great Barrier Reef Resort / Casino

Located next to Whitehaven Apartments, with a total budget of $8.1 billion, Aquis Great Barrier Reef Re-sort will be Australia’s largest world class integrated resort. On completion, Aquis will attract more than 1,000,000 visitors per year to Cairns & Far North Queensland (FNQ), injecting billions of dollars to the local economy.

During the peak of construction in 2017, Aquis is ex-pected to contribute $1.4b to Gross State Product (GSP). This is an increase of over $400 million in val-ue added outside of FNQ region and across the rest of the State.

Read more

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The Aquis Great Barrier Reef Resort at Yorkeys Knob will be the largest, most exciting tourist destination in the Asia-Pacific region.Utilising its proximity to the World Heritage listed Great Barrier Reef and Wet Tropics rainforests, as well as the Cairns International Airport, Aquis will compete on the world stage to attract tourists to Cairns and Far North Queensland, benefitting the local, state and national economies.

The resort is expected to attract up to one million guests a year - 74% from overseas - with an average stay of four nights, whilethe entertainment facilities will attract an additional 500,000visitors annually.

Aquis is located to the south of the residential community of Yorkeys Knob, which is approximately 13 km north of the Cairns CBD and 6km north of Cairns International Airport.

The total site area of 340.6 ha comprises 11 freehold titles. The vast majority of the site is currently utilised for cane farming and is predominately surrounded by remnant coastal vegetation and marine areas, much of which is protected by legislation.

PROJECT FACT SHEET

PROJECTOVERVIEW

KEY FACTS• 340.6 ha - total site area

• 7,500 - total rooms across eightluxury hotels

• $8.15 billion - total budget acrosstwo stages from 2014-2024

• 2018 - scheduled opening date

• $55.4 billion - economy wide valueadded by 2030

• $18.5 billion - total tax contributionto governments from 2014-2030

• 3,750 - total jobs at peakconstruction in 2017

• 20,000 - total operational workforce

• $1.4 billion - increase in Gross Stateproduct (GSP) in 2017

• 91% - Support for the project fromcommunity submissions

• 4,000 - number of pages inEnvironmental Impact Statement

*Aquis Resort at the Great Barrier Reef ResortEnvironmental Impact Statement

The two-stage project has a total capital budget of more than $8 billion and represents the largest investment ever in Australia’s tourism infrastructure. The project is separated into three main precincts.

WhitehavenApartments | Yorkeys Knob

8 mins drive to Smithfield Shopping Centre

5 mins drive to James Cook University

7 mins walk to proposed Aquis Great Barrier Reef Resort

10 mins drive to Cairns Domestic & International Airport

100m to tranquil palm fringed beachEmail us for more information: enquiries@probityinvestments.com

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Whitehaven Apartments will comprise21 spacious two-bedroom apartments over 3 levels. They have been designed to take advantage of the spectacular water views, with each having expansive approaches, some with water views and others with lush green outlooks into the beautiful tea tree nature reserve.

2 Bed Apartments FROM $439,900

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2 Bed ApartmentsFROM $429,900

Location Map

Marina & Boat RampGolf Course

Local Shops

Yorkeys Knob State School

Smithfield Shopping Centre James Cook University

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Floor Plan - 2 Bed, 2 Bath (example)

8 Wattle Street Yorkeys Knob QLD 4878 Disclaimer: These plans are indicative only and should not be relied on as being accurate.

** Click here to view all apartment floor plans

2 Bed Apartments FROM $439,900

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Schedule of Inclusions, Fixtures & Fittings SCHEDULE OF FINISHES – “Whitehaven Apartments”

WALLS - Plasterboard - paint finish CEILING - Painted plasterboard finish CORNICE - Plaster – paint finish DOORS - Entry Door – flush fire rated door ELECTRICAL - Ceiling fans to most rooms, double GPO to all rooms, down lights LOUNGE AND DINING ROOM WALLS - Plasterboard – paint finish CEILING - Painted plasterboard finish CORNICE - Plaster – paint finish FLOORS - Tiles to be New York white or Nougat or similar AIR CONDITIONING- Wall hung split system air conditioning unit KITCHEN WALLS - Plasterboard – paint finish CEILING - Painted plasterboard finish CORNICE - Plaster – paint finish FLOORS - Tiles to be New York white or Nougat or similar JOINERY - Cupboard – white BENCHTOPS - Stone or re-constituted stone SPLASHBACK - New York black tiles and or similar APPLIANCES - Stainless steel finish, built-in under bench oven ceramic/glass cooktop - Rangehood – slide out stainless steel finish - Dishwasher – likely to be white finish OTHER FITTINGS - Stainless steel sink. 1 and ½ bowl or similar - Lever action mixer tap BEDROOMS WALLS - Plasterboard – paint finish CEILING - Painted plasterboard finish CORNICE - Plaster – paint finish FLOORS - Carpet to be multi layer loop synthetic, neutral colour (most probably chocolate) WARDROBES - Built-in wardrobes with sliding doors AIR CONDITIONING- Wall hung split system air conditioning unit BATHROOM WALLS - Villaboard paint finish & tiles CEILING - Suspended plasterboard paint finish FLOORS - Tiles JOINERY - Vanity Unit – Pedestal type as selected by Seller. FIXTURES - Basin – Vitreous china - Toilet – Vitreous china, toilet set white. FITTINGS - Mirror, shower rail, toilet roll holder

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Schedule of Inclusions, Fixtures & Fittings

EN SUITE WALLS - Villaboard & Tiles – Paint finish CEILING - Suspended plaster board paint finish FLOORS - Tiles JOINERY - Vanity Unit – Pedestal type FITTINGS - Mirror - Toilet – white vitreous china - Soap holder, toilet roll holder LAUNDRY TUB - As selected by the seller - white CLOTHES DRYER - Dryer as selected by Seller (Fisher and Paykel or similar) BALCONY WALLS - Render – Paint (external) finish FLOORS - Tiles – non-slip COMMUNICATIONS Telephone/Data - Outlet in living room Television - Outlet in lounge room and master bedroom Foxtel - Cable installed ready/ residents responsible for subscription NBN - Cable ready/NBN not available at this time

EXTERNAL Roof - Colorbond metal roofing

- Colorbond facia and gutters - Downpipes to match wall colour generally

Windows/doors - Powdercoated aluminium frames - Glass to be tinted, frosted or clear determined by room - Fly screens to all windows

Basement Garage - remote controlled roller/sliding door - Ceiling mounted lighting

Gardens - Fencing to be pine treated 1.8m high generally - Gate with latch to the side - Turfed and landscaped as per landscaping plan

Lighting - Wall or ceiling mounted

Common Areas - Driveways and pathways to be coloured/exposed agg. concrete - Landscape and turf as per landscape plan - Mostly fenced to the sides and rear, community fencing to the front - Various pathway lighting

Pool area - Pathways – tiles, coloured/exposed agg. concrete/timber decking - Landscape and turf as per landscape plan - Pool fencing

(Continue)

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The Cairns residential property market remains well placed with strong fundamental drivers, includ-ing healthy economic conditions and continued population growth feeding through to consistent demand for housing to either rent or buy.

Current Rental Appraisal

CAPITAL GROWTH & RENTAL RETURN PROSPECTS

The above appraisal is a conservative estimate based on current rental market conditions. It has not taken into consideration the increases in rent between now and when Whitehaven Apartments is due for completion in December 2015, i.e. CPI and more importantly the proposed Aquis Great Barrier Reef Resort right next door, requiring a local workforce of over 6,500 for construction and 20,000 once operational.

Based on the information given, we advise taking into consideration current market condi-tions, it is our opinion that the property should attract a rental return in the range between:

$440.00 - $450.00 per week

*Rental apprasials provided by LJ Hooker Cairns Marlin Coast on 11 Feb 2015

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Schedule of Body Corporate Fees & Tax Depreciation Estimates

Culling, Smit and Associates Pty Ltd involved with the analysis of purchase and construc-tion costs and the preparation of depreciation schedules on all types of properties Australia wide for taxation purposes.

TAX DEPRECIATION for the first year up to approx. $11,242

Cassels Strata offers the most professional, personal and prompt service in the industry. They guarantee their service, and offer an old fashioned approach to business.

Total Levies start from ONLY $65.87 per week

Complete report available on our website: www.probityinvestments.com

Overview of the development team

Price & Partners is the third generation developer in Cairns and a boutique independent developer who take pride in developing small to medium sized residential developments which meet four key performance criteria of affordable quality, right location, solid investment, and best in class value.

Property developer

REAL architecture is an Architectural Practice located in Taringa in the Western suburbs of Brisbane.It is dedicated to creating great design without compromising functionality within any budget.

Located at Townsville, Keir Construction is a local building team with deliver professional opening communication , honesty, respect, reliability, consistency and quality in every aspect.

Architect

Builder

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Schedule of Body Corporate Fees & Tax Depreciation Estimates Purchase Process

Step 1: Email or fax your completed Expression of Interest (EOI) form and Payment Confirma-tion of the $1,000 Initial Deposit to Probity Investments

Payment of your Initial Deposit can be made by Cheque or by Electronic Funds Trans-fer (EFT) to the Trust Account details shown below in Step 4.This will secure your cho-sen property and take it off the market whilst your contract documents are prepared and delivered to you for signing.

Note: your initial deposit will be refunded to you if requested at any time before your Contract of Sale is fully executed by all parties

Step 2: Complete and return the Contract of Sale documents to our office within 7 days of re-ceiving them [ PO BOX 1709, Milton, QLD 4064 ]

Step 3: Upon receiving your signed Contract of Sale documents, the Property Developer will counter-sign and enter the official Contract Date.

Step 4: The full deposit, being 10% of the purchase price less the Initial Deposit, must be paid within 14 days from the Contract Date. Payment options are as follows:

a) Cash Payment by EFT to the following Trust Account

Bank Name: Macquarie Bank Limited (MBL)Account Name: Russells Solicitors Law Practice Trust AccountAccount No.: 3019 12002BSB: 184 446 Reference: Whitehaven (Lot number) Surname

(so funds can be identified)

OR

b) Bank Guarantee / Deposit BondEmail your lender’s formal approval to Probity Investments

Step 5: Settlement, payment of the balance of the purchase price, is due 14 days from Title Registration.

Construction completion is due approximately July 2016, and Title Registration will be notified to you via your nominated solicitor.

Contact your Probity Investments Advisor on 07 3198 6200 to discuss your investment decision in more details.

Email: enquiries@probityinvestments.com | Fax: 07 3198 6220

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Our Recommendations

If ever there was a shining opportunity to capitalise on massive investment in local infrastructure and development, Whitehaven Apartments is exactly that. Cairns is making an economic come-back after the long-term effects of the GFC. Our information pack highlights many of the stand-out reasons for our investment recommendation, and it’s easy to find many more reasons through your own due diligence on the internet. We have been in direct contact with the Management of the proposed Aquis Resort and Casino, and have confirmed their commitment to building this amaz-ing new development which will generate a significant boost to the State & Federal economy by creating over 25,000 jobs, increased tourism and a long list of other economic benefits. This is an obvious reason why the Queensland Government has acknowledged their support of Aquis. Once their full official approval becomes public knowledge, the property market in Yorkeys Knob will go ballistic. That is why we strongly recommend that you get in now and cash in on future capital growth and rent yields. Apart from the colossal impact of Aquis, Cairns and Yorkeys Knob already present an excellent property investment. Tourism, Hospitality and Retail Trade are definitely still the major economic pil-lars of the region, but the State and Local Governments are successfully cultivating other industry sectors such as Education, Agriculture and Resources (FIFO). For example, moves are underway to develop Cairns as a centre for international education with their second University, CQUnivesity, moving ahead with their Cairns CBD campus. With the move towards 100% Fly-In-Fly-Out (FIFO) for the mining sector, Cairns is perfectly positioned to accommodate the workforce required for the mining and resources sector of North and Central Queensland. There are simply too many reasons, with independent supporting articles and statements, to list them all here for you. Needless to say, leading independent analysts such as RP Data and Terry Ryder’s Hotspotting have Cairns listed in their Top 10’s. But we have always maintained that you shouldn’t just take our word for it. A quick search of the internet is all it will take. But don’t take too long to make your mind up or you might miss the chance to get in before the current stock is sold, and the capital growth has taken off.

See you soon !!

Jeremy FosterManaging Director & LicenseeProbity Investments Pty Ltd