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Newport Quays

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Property Summary


Property Name:                     New Port Quays

Location:                                 Port Adelaide, SA       

Type:                                        1, 2, 3 bed Apartments 

Expected Completion:         Stage 1: Completed
                                                  Stage 2: Late 2008

Tenant Profile:                       Professionals




PROJECT DESCRIPTION  

Situated on the banks of Port Adelaide's historic inner harbour, Newport Quays is re-defining the word "lifestyle" with its planned innovative approach to creating a unique harbour side community. Port Adelaide's famous inner harbour is coming alive. Surrounded by exciting employment opportunities and billions of dollars worth of contracts in building and defence, the transformation that is Newport Quays is underway. Just 20 minutes from the Adelaide CBD, yet worlds away in terms of atmosphere and waterside enjoyment, residents of Newport Quays will preside over a marina and harbour lifestyle that will be the envy of the state. The future is exciting as stores, specialty shops and restaurants flourish and water taxis will ply the harbour waters. At the cutting edge of environmentally friendly building design practices, Newport Quays has been created for people with a passion for enjoying life and immersing themselves in a waterfront environment. Newport Quays offers a diversity of nearby recreational pursuits. World class golf course, more than 160 public reserves, AAMI football stadium, walking trails, bicycle paths, 5 museums and a host of other historical attractions, plus fishing, boating and sailing on our natural harbour. Marina Cove is the opportunity for residents to be involved in the harbour of the future with planned marinas, water taxis, wharf and quayside restaurants and boutique shopping.


PROJECT FEATURES

  • Waterfront location, right in the hub of the redevelopment of the inner harbour which will offer a world class mixed use waterfront precinct for people to live, work and play
  • Private and public marina berths and mooring facilities incorporated


INVESTMENT OUTLOOK

Capital Growth:         

  • The $6 billion Air Warfare Destroyer contract will create a huge flow on effect in terms of creating demand for property.
  • The early stages in any major urban renewal project traditionally reward investors who buy in earlier stages - before the vision and quality of a project is revealed.
  • Port Adelaide is unique and is unlike any other geographical location in Adelaide boasting brand new commercial, retail and residential precincts all in and around the winding waterways of Port Adelaide's inner harbour.

Rental Return:

  • 5% p.a. gross approx


"X" FACTORS / KEY GROWTH DRIVERS

  • $6 billion project to build the Royal Australian Navy's new air warfare destroyers at Port Adelaide
  • Proposed $7 billion expansion of the Olympic Dam


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