OVER THE PAST DECADE, BRISBANE APARTMENTS HAVE ACHIEVED AN AVERAGE ANNUAL RETURN OF 11%, OUT-PERFORMING SYDNEY AT 7.3% AND MELBOURNE AT 8.

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Dorothy Fields
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1 INVESTMENT BROCHURE

2 BRISBANE 11% SYDNEY 7.3% MELBOURNE 8.3% OVER THE PAST DECADE, BRISBANE APARTMENTS HAVE ACHIEVED AN AVERAGE ANNUAL RETURN OF 11%, OUT-PERFORMING SYDNEY AT 7.3% AND MELBOURNE AT 8.3%

DETAILED INVESTMENT INFORMATION Parkside Kedron, in one of Brisbane s fastest-growing suburbs, is the result of thorough research, thoughtful design and a deep insight into market influences.

3 DETAILED INVESTMENT INFORMATION Parkside Kedron, in one of Brisbane s fastest-growing suburbs, is the result of thorough research, thoughtful design and a deep insight into market influences. Its location in Brisbane s inner north means residents will benefit from direct links to the Brisbane CBD and the Brisbane Domestic and International Airports. From Kedron it s just minutes to the city and to popular northern suburbs, South-East Queensland s largest shopping centre and two major hospitals. This makes Parkside Kedron a sought after proposition for investors and locals alike. 3

4 1 Parkside Kedron 2 Bradbury Park (10 ha) HAMILTON RD 11 3 Prince Charles Hospital + Holy Spirit Northside Hospital 4 Westfield Chermside 3 6 RODE RD 5 Chermside Bus Interchange 6 Burnie Brae Park 2 GYMPIE RD 8 AIRPORT 15mins 7 Padua College + St Anthony s Primary School 9 T 8 Wavell State High School 9 Somerset Hills Primary School T 10 Chermside Medical Centre 7 11 Kedron Wavell Services Club Bus Station CBD 8mins T Train Line T Train Station T

5 WHAT MAKES PARKSIDE KEDRON A GOOD LONG TERM INVESTMENT OPPORTUNITY? LOCATION Ideally positioned just 9km from the heart of the CBD. Close to schools, hospital, and universities. 1.5km to Westfield Chermside Shopping Centre, the largest shopping centre in Queensland with over 400 retailers, food courts, pubs and Hoyts cinemas. Immediately to the rear of the property (just over the back fence) is Bradbury Park with hectares of grassland, playgrounds and picnic areas. 1.7km to Chermside Aquatic Centre and the Chermside Library. 2km to Seventh Brigade Park and 73 hectares of walking and cycling trails, sporting fields and recreation facilities. 900m to Prince Charles Hospital, with 3500 staff treating 30,000 patients/month. 900m to the Holy Spirit Northside Hospital. 1.7km to Kedron Wavell Services Club. TRANSPORT LINKS 100m to Gympie Road, a significant transport route. Proximity and access to Brisbane s new road network the Clem 7, Airport Link and the Northern Link tunnels. Billions of dollars worth of infrastructure, allowing speedy access around the metropolitan area. 1.4km to the Chermside Bus Interchange with 1000 buses departing weekly, 24 hours a day. Brisbane Domestic & International Airport just 15km away. 5

6 THE PROJECT BOUTIQUE PROJECT ONLY 45 APARTMENTS ACROSS SIX LEVELS GENEROUS APARTMENT SIZES RANGING FROM 89 TO 171m 2 CONSTRUCTION START FORECAST: 2ND QTR 2015 SUPERBLY POSITIONED ON THE HIGHEST LAND IN KEDRON MODERN CONTEMPORARY DESIGN CONSTRUCTION COMPLETE FORECAST: 2ND QTR 2016 DESIGNED TO HAVE VERY LOW BODY CORPORATE FEES

7 DEMOGRAPHICS & STATISTICS 6 OUT OF 10 PEOPLE IN KEDRON RENT THEIR HOMES 40% of occupied dwellings in Kedron are apartments, and 66% of the households are couples without children or single parents. There is a drastic shortage of two-bedroom apartments. 12,500 people are employed across 600 businesses in the surrounding area. Population growth owing to a net migration to the surrounding area of 1.1% per year. To cater for the increasing population, 120 dwellings need to be built every year. Last year just 40 were built. This has caused high rental demand and tight vacancy rates of 1.6%. OVER THE PAST DECADE, BRISBANE APARTMENTS HAVE ACHIEVED AN AVERAGE ANNUAL RETURN OF 11%, OUT-PERFORMING SYDNEY AT 7.3% AND MELBOURNE AT 8.3%. 5.5% 5.0% 4.5% BED UNIT 5 OF THE PAST 7 YEARS YIELDS OVER 5% 7

DESIGN ARTIST IMPRESSION OF APARTMENT TYPE A Well-appointed apartments with quality fixtures and fittings refer to schedule. Large kitchens, designed for functional living and entertaining.

8 DESIGN ARTIST IMPRESSION OF APARTMENT TYPE A Well-appointed apartments with quality fixtures and fittings refer to schedule. Large kitchens, designed for functional living and entertaining. Generous bedrooms, most with walk in robes. Physical separation of bedrooms in the majority of two-bedroom apartments. Good natural light with floor-to-ceiling glazing where possible, adding a sense of space to internal living areas. Very generous balconies for outdoor entertaining. Dedicated secure carpark, communal drying and BBQ area on level 2.

NOW IS AN OPPORTUNE TIME TO INVEST IN THE BRISBANE MARKET. VALUE FOR MONEY AND TIMING We have passed the bottom of the market and are currently in the midst of the recovery phase.

1 x 1-bedroom apartment at $374,000. 42 x 2-bedroom apartments from $432,500. 2 x 3-bedroom apartments from $549,000.

9 NOW IS AN OPPORTUNE TIME TO INVEST IN THE BRISBANE MARKET. VALUE FOR MONEY AND TIMING We have passed the bottom of the market and are currently in the midst of the recovery phase. Parkside Kedron is priced at 10% below any other comparable apartment development in the immediate area. The average apartment size is 103m 2 with an average apartment price of $453, x 1-bedroom apartment at $374, x 2-bedroom apartments from $432, x 3-bedroom apartments from $549,000. Independent rental advice suggests rental ranges in the order of $360-$370/week for one-bedroom, $450-$470/week for two-bedrooms and $490- $510/week for the three-bedroom apartments, representing very good gross rental yields. ARTIST IMPRESSION OF APARTMENT TYPE A 9

10 HIGH DEMAND MARKET KEDRON 108 VISITS PER PROPERTY QLD AVERAGE 51 VISITS PER PROPERTY Source: Sept 2014

ABOUT THE DEVELOPER Limitless is a property developer and builder of residential projects, with an unparalleled track record stretching 18 years in the residential apartment and luxury housing

Collaboration with leading contemporary architects and designers has allowed Limitless to move through different markets, delivering a range of residential offerings at the forefront of design and

11 ABOUT THE DEVELOPER Limitless is a property developer and builder of residential projects, with an unparalleled track record stretching 18 years in the residential apartment and luxury housing markets. Collaboration with leading contemporary architects and designers has allowed Limitless to move through different markets, delivering a range of residential offerings at the forefront of design and combining creativity with practicality. Limitless aims to make every property, whether it be an investment unit or a luxury house, something that people enjoy coming home to, while delivering a finished product which is always different from the competition. Because Limitless Constructions (the building division) holds an in-house open building license, the company can provide a seamless, reliable process. This ensures consistent and accountable project delivery at the highest level of quality while maintaining flexibility throughout the project. Limitless takes exceptional pride in their projects and strives to provide ongoing assistance in their completed buildings to drive repeat purchase and loyalty. CONTACT Director: Nick Barr limitless.com.au

12 BODY CORPORATE FOR PARKSIDE KEDRON CTS Administrative Fund - Amount per contribution lot of entitlement - per quarter $ Sinking Fund - Amount per contribution lot of entitlement - per quarter $22.00 Insurance reimbursement - Approx amount per interest lot of entitlement in the second year pa $12.00

13 30/09/2014 Thank you for the opportunity to appraise your Property for its rental value. When assessing the rental value of a Property, we take into account factors that assist in leasing your property promptly. This includes comparison of similar properties, current vacancies and market trends. Obtaining a realistic rental value ensures that your property is let as quickly as possible for a better financial return on your investment. Address: Gallagher Terrace, Kedron, QLD, 4031 Based on 1 Bed 1 Bath 1 Car Vacancy Rate 2.0 % Stock Level in the suburb 4 (Low) Expected listing price $ per week A rental value is provided so that you can make a sound decision based on your personal situation. Our feedback to you is important so that we can both make practical and informed rental assessments and vary the rental amount as needed. Lessors using our management services are provided with a regular appraisal at the end of each lease or annually, whichever comes first. If possible, we aim at achieving a higher rent for Lessors although this depends on many factors such as the condition of Property and the market activity. Our team would be delighted to manage your investment with your individual needs in mind. I will be in contact in the near future however, if in the meantime I can answer any questions please contact me on or m.rossi@imageproperty.com.au Yours faithfully Mario Rossi Image Property Management 30/09/2014 Thank you for the opportunity to appraise your Property for its rental value. When assessing the rental value of a Property, we take into account factors that assist in leasing your property promptly. This includes comparison of similar properties, current vacancies and market trends. Obtaining a realistic rental value ensures that your property is let as quickly as possible for a better financial return on your investment. Address: Gallagher Terrace, Kedron, QLD, 4031 Based on 2 Bed 2 Bath 1 Car Vacancy Rate 2.0 % Stock Level in the suburb 9 (Low) Expected listing price $ per week A rental value is provided so that you can make a sound decision based on your personal situation. Our feedback to you is important so that we can both make practical and informed rental assessments and vary the rental amount as needed. Lessors using our management services are provided with a regular appraisal at the end of each lease or annually, whichever comes first. If possible, we aim at achieving a higher rent for Lessors although this depends on many factors such as the condition of Property and the market activity. Our team would be delighted to manage your investment with your individual needs in mind. I will be in contact in the near future however, if in the meantime I can answer any questions please contact me on or m.rossi@imageproperty.com.au Yours faithfully Mario Rossi Image Property Management

BMT Tax Depreciation QUANTITY SURVEYORS Level 7, 320 Adelaide Street Brisbane QLD 4001 GPO Box 3229 Brisbane QLD 4001 t 07 3221 9922 f 07 3221 9933 e info@bmtqs.com.

14 BMT Tax Depreciation QUANTITY SURVEYORS Level 7, 320 Adelaide Street Brisbane QLD 4001 GPO Box 3229 Brisbane QLD 4001 t f e info@bmtqs.com.au w Australia Wide Service ABN Estimate of Depreciation Claimable Typical 1 Bedroom Apartment, PARKSIDE Gallagher Terrace, KEDRON, QLD /09/2014 Thank you for the opportunity to appraise your Property for its rental value. When assessing the rental value of a Property, we take into account factors that assist in leasing your property promptly. This includes comparison of similar properties, current vacancies and market trends. Obtaining a realistic rental value ensures that your property is let as quickly as possible for a better financial return on your investment. Address: Gallagher Terrace, Kedron, QLD, 4031 Based on 3 Bed 2 Bath 1 Car Vacancy Rate 2.0 % Stock Level in the suburb 8 (Low) Expected listing price $ per week A rental value is provided so that you can make a sound decision based on your personal situation. Our feedback to you is important so that we can both make practical and informed rental assessments and vary the rental amount as needed. Lessors using our management services are provided with a regular appraisal at the end of each lease or annually, whichever comes first. If possible, we aim at achieving a higher rent for Lessors although this depends on many factors such as the condition of Property and the market activity. Our team would be delighted to manage your investment with your individual needs in mind. I will be in contact in the near future however, if in the meantime I can answer any questions please contact me on or m.rossi@imageproperty.com.au Yours faithfully Mario Rossi Image Property Management Year Plant & Equipment Maximum Division 43 Total 1 5,907 5,700 11, ,669 5,700 9, ,826 5,700 8, ,220 5,700 7, ,571 5,700 7, ,306 5,700 7, ,102 5,700 6, ,700 6, ,700 6, ,700 6, , , ,043 Total $22,194 $228,031 $250,225 Year Plant & Equipment Minimum Division 43 Total 1 4,833 4,664 9, ,002 4,664 7, ,312 4,664 6, ,816 4,664 6, ,285 4,664 5, ,068 4,664 5, ,664 5, ,664 5, ,664 5, ,664 4, , , ,581 Total $18,158 $186,575 $204,733 * assumes settlement on 1 July in any given year. $12,000 $10,800 $9,600 $8,400 $7,200 $6,000 $4,800 $3,600 $2,400 $1,200 Comparison Yr 1-10 (Min & Max) $0 $78,000 $70,200 $62,400 $54,600 $46,800 $39,000 $31,200 $23,400 $15,600 $7, Years Maximum Minimum Cumulative Yr 1-10 (Min & Max) $ Years Maximum Minimum This is an estimate only and should not be applied or acted upon. Depreciation of plant is based on the Diminishing Value method of depreciation applying Low-Value Pooling. The Division 43 Write Off Allowance is calculated using 2.5% or 4% depending on the property type and date of construction. This estimate is based upon legislation in force at the date of report production. This Estimate Cannot Be Used For Taxation Purposes To discuss the contents of this report please contact Bradley Beer at BMT Tax Depreciation on Maximising Property Tax Depreciation Deductions

15 BMT Tax Depreciation QUANTITY SURVEYORS Level 7, 320 Adelaide Street Brisbane QLD 4001 GPO Box 3229 Brisbane QLD 4001 t f e info@bmtqs.com.au w BMT Tax Depreciation QUANTITY SURVEYORS Level 7, 320 Adelaide Street Brisbane QLD 4001 GPO Box 3229 Brisbane QLD 4001 t f e info@bmtqs.com.au w Australia Wide Service ABN Australia Wide Service ABN Estimate of Depreciation Claimable Typical 2 Bedroom Apartment, PARKSIDE Gallagher Terrace, KEDRON, QLD 4031 Estimate of Depreciation Claimable Typical 3 Bedroom Apartment, PARKSIDE Gallagher Terrace, KEDRON, QLD 4031 Maximum Comparison Yr 1-10 (Min & Max) Maximum Comparison Yr 1-10 (Min & Max) Year Plant & Equipment Division 43 Total 1 6,379 6,144 12, ,112 6,144 10, ,127 6,144 9, ,430 6,144 8, ,722 6,144 7, ,415 6,144 7, ,144 7, ,144 7, ,144 6, ,144 6, , , ,626 Total $24,428 $245,732 $270,160 $13,000 $11,700 $10,400 $9,100 $7,800 $6,500 $5,200 $3,900 $2,600 $1,300 $ Years Maximum Minimum Year Plant & Division 43 Total Equipment 1 6,771 10,282 17, ,280 10,282 15, ,935 10,282 14, ,995 10,282 13, ,127 10,282 12, ,714 10,282 11, ,220 10,282 11, ,282 11, ,282 11, ,282 10, , , ,657 Total $29,597 $411,268 $440,865 $18,000 $16,200 $14,400 $12,600 $10,800 $9,000 $7,200 $5,400 $3,600 $1,800 $ Years Maximum Minimum Year Plant & Equipment Minimum Division 43 Total 1 5,219 5,027 10, ,364 5,027 8, ,559 5,027 7, ,988 5,027 7, ,409 5,027 6, ,157 5,027 6, ,027 5, ,027 5, ,027 5, ,027 5, , , ,694 Total $19,986 $201,054 $221,040 * assumes settlement on 1 July in any given year. $84,000 $75,600 $67,200 $58,800 $50,400 $42,000 $33,600 $25,200 $16,800 $8,400 Cumulative Yr 1-10 (Min & Max) $ Years Maximum Minimum This is an estimate only and should not be applied or acted upon. Depreciation of plant is based on the Diminishing Value method of depreciation applying Low-Value Pooling. The Division 43 Write Off Allowance is calculated using 2.5% or 4% depending on the property type and date of construction. This estimate is based upon legislation in force at the date of report production. This Estimate Cannot Be Used For Taxation Purposes To discuss the contents of this report please contact Bradley Beer at BMT Tax Depreciation on Year Plant & Equipment Minimum Division 43 Total 1 5,540 8,412 13, ,320 8,412 12, ,219 8,412 11, ,451 8,412 10, ,741 8,412 10, ,402 8,412 9, ,412 9, ,412 9, ,412 9, ,412 8, , , ,991 Total $24,216 $336,486 $360,702 * assumes settlement on 1 July in any given year. $130,000 $117,000 $104,000 $91,000 $78,000 $65,000 $52,000 $39,000 $26,000 $13,000 Cumulative Yr 1-10 (Min & Max) $ Years Maximum Minimum This is an estimate only and should not be applied or acted upon. Depreciation of plant is based on the Diminishing Value method of depreciation applying Low-Value Pooling. The Division 43 Write Off Allowance is calculated using 2.5% or 4% depending on the property type and date of construction. This estimate is based upon legislation in force at the date of report production. This Estimate Cannot Be Used For Taxation Purposes To discuss the contents of this report please contact Bradley Beer at BMT Tax Depreciation on Maximising Property Tax Depreciation Deductions Maximising Property Tax Depreciation Deductions

16 FLOORPLANS

Fairway Crest 302 College Road KARANA DOWNS QLD 4306

Fairway Crest 302 College Road KARANA DOWNS QLD 4306 BMT Tax Depreciation 27 February, 2018 Level 7, 320 Adelaide Street Brisbane QLD 4000 GPO Box 3229 Brisbane QLD 4001 t 07 3221 9922 f 07 3221 9933 e