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Property Summary Property Name:                     Promenade Hamilton Apartments Location:                                 Hamilton, Brisbane QLD Type:                                        Apartment Expected Completion:         2010 Tenant Profile:                       Mainly professional couples with                                                   or without children

PROJECT DESCRIPTION

Promenade Hamilton Apartments resides in the heart of Portside Wharf, an eclectic urban village that features waterfront dining, boutique shops, convenience shopping and apartments. This impressive new residential building, designed by award-winning architects Cottee Parker, is due for completion in late 2010.

Only 6km from the Brisbane CBD, Promenade is surrounded by all the services and amenities you would expect of a masterplanned community, to make residents lives easier and more convenient.

PROJECT FEATURES

• Promenade Hamilton Apartments includes 156 luxurious one, two and three bedroom apartments over 15 levels, each one thoughtfully positioned to optimise views of the surrounding areas and the vibrant Portside Plaza.
• Within close proximity to the CBD, domestic and international airports, Royal Queensland Yacht Squadron, City Cat Terminal, parkland reserves and riverside walkways.
• Development by one of Australia’s largest, publicly listed developers Brookfield Multiplex.

INVESTMENT OUTLOOK

Capital Growth:          

• The waterfront apartment market in Hamilton has been at the forefront of a growth in median apartment prices in Brisbane over the past five years and looks set to magnify further in the future. Market evidence from 2008 clearly indicates apartments have become the property type of choice in the Hamilton market with more apartments having sold during this period than houses.
• The potential for strong capital growth at Promenade is highlighted by recent increases in the Brisbane population and the number of people working in the city. Employment growth has been concentrated around the CBD and nearby airport creating strong demand for housing. It is no surprise that demand for inner city living now exceeds new apartment supply.

Rental Return:          

• Based on rental prices achieved for other Portside Wharf apartments, Promenade investors can expect excellent
  rental return.
  

"X" FACTORS / KEY GROWTH DRIVERS

• The entire area, including Portside Wharf, enjoys the benefits of continued infrastructure investment by developers such as Multiplex Living as well as the government.
• Premium apartment living is one of the key growth drivers influencing Brisbane’s property market. People are prepared to pay a premium to live by the water in Brisbane.

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