RISE ON MINNIE 23 Minnie Street Southport QLD 4215 - Project Marketing Australia
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BODY CORP:
Approximately
$50 - $56 per week
RISE ON MINNIE
EXPECTED RENT: 23 Minnie Street
Southport QLD 4215
Approximately
$350 - $475 per week
RISE ON MINNIE | PAGE 1 | Mar-20
RISE ON MINNIE | PAGE 2 | Mar-20
CONTENTS
OVERVIEW | DEVELOPMENT 5
OVERVIEW | DEVELOPER 6
REGIONAL PROFILE | SOUTH EAST QUEENSLAND 7
LOCAL GOVERNMENT AREA PROFILE | GOLD COAST 21
INFRASTRUCTURE | GOLD COAST 23
SUBURB PROFILE | SOUTHPORT QLD 30
LOCATION MAP| 23 MINNIE STREET, SOUTHPORT QLD 31
SITE PLAN | RISE ON MINNIE 32
FLOOR PLANS | TOWNHOUSE 34
SCHEDULE OF FINISHES | STANDARD 37
RENTAL APPRAISAL| LJ HOOKER 319
DEPRECIATION SCHEDULES | BMT 40
DEMOGRAPHICS | SOURCED FROM RP DATA 431
SALES STATISTICS | SOURCED FROM RP DATA 45
MARKET ANALYSIS | SOURCED FROM RP DATA 50
RISE ON MINNIE | PAGE 3 | Mar-20
ENJOY THE SCENIC SURROUNDINGS AND
RELAXED LIFESTYLE OF
RISE ON MINNIE
RISE ON MINNIE | PAGE 4 | Mar-20
OVERVIEW | DEVELOPMENT
‘Rise o n Min nie’ is a r ecently de veloped u nit bl ock c onsisting o f 2 1 m odern 1 & 2
bedroom u nits, centrally l ocated o nly mo ments f rom t he Southport C BD, s hopping,
nightlife, entertainment and world famous beaches.
PROPERTY DETAILS
Address: 23 Minnie Street, Southport QLD 4215
Developer: MJ Iseppi Constructions
Property Type: Apartments
Number of Total Lots: 21
Number of Stages: 1
Expected Stage Complete
Completion: Awaiting Registration – Expected 2nd Quarter 2020
NRAS Stock: N/A
Price Range: $315,000 - $425,000
Body Corporate /
Approximately $50 -$56 per week
Week:
Expected Rental
$350 – $475 per week
Return:
Approx. Rental Yields: Approximately 5.78% – 5.81% per annum
Owner to engage their own Property Manager if required;
Property Management:
however, there is a Care Takers Agreement in place
Full security
Rooftop entertaining area
Project Features:
Landscaped grounds
100m to Light Rail station
Bedrooms: 1 & 2 bedrooms
Bathrooms: 1 & 2 bathrooms
Size Range: 58.2m2 – 107.6m2
Car Spaces: 1 carpark allocation per Apartment
Furnished: N/A
Split System Air-conditioning (tundish drain works)
20mm reconstituted stone benchtops to kitchen
Carpet to bedrooms
Kitchen appliances include oven, cooktop, rangehood,
Property Features:
dishwasher & dryer
Roller blinds to all windows and sliding doors
Security screens to all units, sliding doors and windows
RISE ON MINNIE | PAGE 5 | Mar-20
OVERVIEW | DEVELOPER
MJ ISEPPI CONSTRUCTIONS
Mario Iseppi is the sole director of M.J. ISEPPI CONSTRUCTIONS PTY LTD. Mario was
born in the northern NSW town of Murwillumbah and is the son of Italian migrants
who came to settle in Australia in 1945 after the end of the Second World War.
They arrived in Australia with no money, no possessions and not able to speak or
read English. They worked hard to make a future for themselves and their
children.
M.J. ISEPPI CONSTRUCTIONS PTY LTD is a well-established private building and
development company that has carried out substantial works in both NSW and Qld
in the past 34 years. Having the extensive experience in building, construction,
design and development and project management has enabled the company to
develop an outstanding team of both management and subcontractors who have
the experience and qualifications to provide construction services for any type of
development including retail, commercial, residential and industrial projects and
has the capacity to carry out work ranging in size from a simple refurbishment to
the construction of a multi-million dollar project in all aspects of market
segments.
M.J. ISEPPI CONSTRUCTIONS strive to ensure that its clients receive complete
satisfaction on all matters throughout the construction process and after the sales
period. They are committed to providing a professional approach where excellence
in quality and value are achieved, projects are built safely, deadlines are
efficiently met, and budgets are stringently controlled. This level of success
requires intensive input and sustained control.
RISE ON MINNIE | PAGE 6 | Mar-20
REGIONAL PROFILE | SOUTH EAST QUEENSLAND
Why South-East Queensland?
South East Queensland offers an unmatched way of life combining a dynamic and growing
choice of sporting, arts, entertainment and cultural facilities and events, with spectacular
natural w onders t hat c an be enjoyed year round in a s ub-tropical c limate t hat boasts an
average of 300 days of sunshine per year.
Covering a 2 2,890 square k ilometer re gion, S outh E ast Queensland s tretches f rom t he
beautiful beaches of the popular Noosa in the north, extending south to the Queensland-
New South Wales border and out west to the city of Toowoomba.
South East Queensland is home to 3,178,030 people, around two-thirds of the State’s total
population; and continues to be one of Australia’s fastest growing metropolitan regions.
Safe and s ecure f amily-oriented c ommunities, world-class publi c he alth and e ducation
systems, s ophisticated community infrastructure a nd a m ulticultural, f riendly a nd a ctive
lifestyle, are all key elements of South East Queensland’s attraction.
The region’s success is also sustained by its strong manufacturing and export infrastructure,
world-class business services, and thriving tourism sector, with the area offering:
• major t ransport and e xport hubs with assets such as the Brisbane Airport, Port of
Brisbane, the Acacia Ridge Intermodal Terminal, and Australia TradeCoast, which
connects regional Queensland to Australian and international markets.
• a powerful se rvice e conomy w ith sp ecialised sk ills in professional services su ch a s
information and communications technology and biomedical services.
• close proximity to the major energy and gas corridors continues to provide opportunities
to capitalise on mining services and mining technology capabilities to service regional
industries.
• a significant tourist destination and the gateway to the rest of Queensland, welcoming
millions of Australian and international visitors each year.
Since 2001 SEQ’s population has grown
from 2.4 to 3.4 million people. By 2041 the
population is expected to be 5.3 million.
This growth will require more than 30,000
new dwellings each year as well as more
transport, jobs and services.
RISE ON MINNIE | PAGE 7 | Mar-20
SOUTH EAST QUEENSLAND IS BECOMING A
WORLD LEADING MODEL IN SUBTROPICAL LIVING…
Shaping SEQ
Queensland is in the midst of an exciting period of change and growth. Throughout the state
innovative new industries are e merging, t he d elivery of e xciting urban renewal p recincts
and m ore and mo re pe ople c hoosing t o c all Q ueensland ho me. T his g rowth i s n o m ore
obvious t han in So uth East Queensland (SEQ). I n f act, by 2041 the population o f SE Q is
expected to have increased by 2 million people. In response to managing this growth sensibly
and s ustainably t he Q ueensland St ate g overnment has p ublished t he dr aft ‘Shaping SEQ
Plan’ for community consultation. It seeks to promote the things that SEQ residents value
like a c onnected re gion, a ffordable h ousing, protecting our n atural environment a nd our
unique lifestyle.
RISE ON MINNIE | PAGE 8 | Mar-20
The draft ‘Shaping SEQ Plan’ is an overarching document that will guide local
GROW. government areas forward in sustainable outcomes for future generations.
PROSPER. During Community Consultations 5 key areas of importance were identified
for consideration and provide evidence of a population that is progressive and
CONNECT. innovative, which creates an environment for positive growth:
SUSTAIN. http://www.dilgp.qld.gov.au/noindex/shapingseq/draft-south-east-queensland-regional-plan.pdf
LIVE.
GROW
• Higher d ensity l iving p rovides e asier acce ss t o t he C BD/town ce ntres a nd j obs as well as sh opping,
entertainment and recreation options.
• Ensuring that the features that make SEQ a great place to live are maintained as it grows.
• Businesses should cluster around shopping centres. There should be a strong relationship between density and
amenity and ac cess, p articularly public t ransport, to e nsure d evelopment f or h igh- and me dium-density
growth is supported by a vibrant lifestyle.
PROSPER
• Population growth means a stronger economy and more jobs.
• New jobs to be located together to form employment hubs and new industries in prime location with reliable
freight connections.
• Supporting innovation by establishing and enhancing tourism and technology.
• Providing f or an in ternational l evel of se rvice in h ealth an d e ducation, an d v alue-added c lean/green
agriculture and livestock products for national and international markets.
CONNECT
• The transport system, particularly public transport, will improve liveability by providing access to the city,
employment and recreation, especially beaches and bushland
• Utilising new housing and transport technology – live where there is a mix of shops, offices and recreational
opportunities – get around by public transport, walking or cycling
• Access to good schools and universities
SUSTAIN
• SEQ’s natural assets to be protected from development by establishing wildlife corridors to allow safe passage
and protection for the region’s fauna –
• Promoting n ew t echnologies in e nergy production and t ransport, e specially e lectric ca rs – conserving a nd
protecting food production are
• The size and shape of rural communities to be maintained and surrounding land protected for rural production
LIVE
• Population growth brings density, it also brings diversity in employment, entertainment and recreation
• Quality of life improvements are due to: affordable lifestyle, easy access to open space and recreation areas,
easy access to good schools and universities
• Achieving quality lifestyles that include higher densities by creating mid-rise developments that incorporate
mixed-use and climate-responsive design
• The availability of entertainment, cultural experience, and sport and recreation options, as well as education
options, will benefit from population growth
RISE ON MINNIE | PAGE 9 | Mar-20
“ Covering 22,900 km², SEQ’s 12
local government areas
provide various lifestyle
options, diverse economies
and healthy natural
environments. Collectively,
they form one of Australia’s
most desirable and fastest-
growing regions.
”
Figure 1: A snapshot of SEQ
Source: Estimates derived for Shaping SEQ, as at 2015, from various Queensland Government and ABS sources
RISE ON MINNIE | PAGE 10 | Mar-20RISE ON MINNIE | PAGE 11 | Mar-20
SEQ’S RELATIONSHIPS
SEQ has strong relationships with surrounding regions and—
through its export orientation, liveability, biodiversity corridors
and transport networks—the rest of Australia and the world.
GLOBAL
Major land, air and sea freight and passenger routes begin or end in SEQ, providing direct access to
major interstate and global markets.
At the heart of SEQ is Australia TradeCoast’s Port of Brisbane—SEQ’s gateway to international trade.
Port of Brisbane is one of Australia’s largest and its northernmost capital city port, and has
significant growth potential. Its proximity to major overseas trading partners strengthens the
region’s productive capabilities and provides access to a growing global market for local produce,
manufactured goods and other regional commodities.
SEQ also accesses the world stage via four major airports in Brisbane, Gold Coast, Sunshine Coast and
Toowoomba, which include international connections. These airports further enhance SEQ’s trade
and logistic capabilities, enable migration and give international travellers access to SEQ’s diverse
and world-renowned tourism destinations.
This region has the opportunity to leverage its brand as a major tourist destination to enhance its
capability in exporting services, such as education and finance. It offers numerous world-class
knowledge and technology precincts with links to high-quality research and development facilities,
training and education institutions, and organisations that specialise in commercialising innovation.
SEQ can capitalise on these growing sectors by providing strong investment and support in the digital
economy and human capital. This will prepare the region to respond to emerging international
trends, such as access to, and transfer of, information. The potential for an international submarine
communications cable in SEQ, only the second point of communication for Australia's east coast—the
other being Sydney—will deliver direct, high speed internet connection that could lead to new
businesses and employment opportunities. This will enable SEQ to compete with other major regions
on the east coast of Australia in attracting high value, technology dependent enterprises, including
the globally competitive finance and banking sectors.
In coming years, SEQ will build on its historical strengths to be able to adapt innovatively to a fast-
changing international economy and contribute significantly to the growing Asia-Pacific region.
RISE ON MINNIE | PAGE 12 | Mar-20NATIONAL
SEQ’s important relationship with the rest of Australia arises
from strong economic foundations, its desirable climate,
and high levels of liveability and opportunity:
Over the past 10 years, 20 per cent of Australia’s
economic and employment growth has occurred in SEQ.
SEQ contributes to 17.4 per cent of Australia’s tourism
gross domestic product.
SEQ is one of Australia’s premium food bowls.
SEQ’s unique environment, climate and liveability are
all key to our status as Australia’s most biodiverse and
only subtropical capital city region.
Transport connections including the National Highway
and the interstate rail network including the proposed
inland rail.
STATE
SEQ performs the key
administrative, political
and service functions for
Queensland:
The region generates
almost two-thirds of
Queensland’s gross
state product.
More than 80 percent
of Queensland’s
employment in
professional, scientific
and technical
services, financial and
insurance services,
and information,
media and
telecommunications
sectors is located in
SEQ.
SEQ is home to most
of Queensland’s key
health, education and
research clusters,
with nine world-class
universities and more
than 100,000
international
students.
The region is the apex
of Queensland’s
strategic freight
network and the
primary hub for goods
movement within the
state. Figure 2: Regional relationships – RISE ON MINNIE | PAGE 13 | Mar-20
international, national and stateSEQ’S REGIONAL RELATIONSHIPS
SEQ has close relationships across regional
boundaries with the surrounding areas of the
Darling Downs, Wide Bay Burnett and the Tweed
Coast in northern New South Wales. These areas
have unique social and economic linkages, and
can leverage opportunities provided by SEQ’s
strong population growth and diversified
employment market.
Maintaining and enhancing the extensive
infrastructure networks that connect these
regions will support mutual social and
economic benefits by providing access
to employment and recreation, and
enabling the efficient movement
of commodities, services,
and skills.
DARLING DOWNS
High-quality agricultural production with access to
growing global food markets.
Diverse and abundant natural resources including
renewable energy, coal, natural gas, petroleum for
international and domestic consumption, and power
generation.
Strategic highways and railway lines connecting SEQ
to southern and western Queensland, and connecting
Darling Downs to the nation and the world through the
Australia TradeCoast.
RISE ON MINNIE | PAGE 14 | Mar-20WIDE BAY BURNETT
Productive rural landscapes and natural
resources framing coastal communities.
A central location to the Port of
Gladstone, Australia TradeCoast and Surat
Basin.
Attractive tourism opportunities and a
source of labour for growth in resource
development in the Surat Basin and
Central Queensland.
NORTHERN NEW SOUTH WALES
Coastal and inland interstate connections facilitating a strong tourism
network between the south-eastern coast of Queensland and northern
New South Wales.
Local agricultural production with access to SEQ markets.
Hinterland and coastal lifestyle opportunities with access to SEQ markets
and world-class environmental reserves.
Figure 3: Inter-regional relationships
RISE ON MINNIE | PAGE 15 | Mar-20Megatrends Influencing Change in SEQ
The world is currently experiencing a wide range of rapid changes that will fundamentally influence
our future. Some of the most important to SEQ are outlined below.
Increased urbanisation: the world population is becoming more urbanised, creating more demand
for diverse forms of housing, infrastructure and services. SEQ is already highly urbanised and is
expected to experience significant further growth. Innovative planning and design can help deliver
attractive, compatible and sustainable urban places.
New Technology: Extraordinary technological change is transforming how people live, work,
communicate and pursue ideas. The pace of technological advancement is increasing a likely to
intensify. These changes include the ‘internet of things’, autonomous and electric vehicles,
affordable renewable energy and complete digital connectivity. By supporting and investing in the
digital economy, SEQ will be well placed to take advantage of these changes, which will require
new thinking on how we plan for jobs, commerce and retailing.
Health, ageing and changing preferences: Ageing populations have implications for the size of the
workforce, economic growth, government revenue and services such as healthcare. Household sizes
and structures are also changing, as are housing preferences for older and younger generations.
Planning for the region must allow for these changes by enabling new models of living, services and
lifestyle, including the ability to age in place.
Resource dependency: As worldwide demand for natural resources increases, pressure on our
diminishing reserves will also continue to increase. This applies to water, agricultural land,
minerals and fisheries. Long-term planning for our region can ensure our finite resources are
managed sustainably for current and future generations.
Pressure on biodiversity: Around the world, valuable ecosystems are under pressure from urban
expansion, agricultural clearing and the effects of climate change. As well as its intrinsic ecological
values, our environment contributes economically and provides community benefits (such as clean
air and water, and scenic amenity) and health benefits (such as access to nature, rural lifestyle,
and outdoor sport and recreation). Planning must protect these ecosystems.
Climate change and disaster resilience: Queensland has long experienced the impacts of extreme
weather, tropical cyclones, floods, heatwaves and bushfires. Climate change is expected to amplify
the frequency and severity of these events. Scientists warn that Queensland will increasingly be
affected by changes in temperature, rainfall, sea level and extreme weather events. These changes
will impact on our communities and natural systems and key sectors of the economy. Through
effective and timely planning, we can limit the adverse impacts and better manage our climate
risks.
Global connectedness: The world is becoming more interconnected and the global economic focus
is shifting towards Asia. Geographically, we are well positioned to take advantage of the
opportunities that will arise from this. Planning for SEQ can play a fundamental part in unlocking
the region’s potential and creating new, globally competitive and value-adding industries and
business.
(http://www.dilgp.qld.gov.au/noindex/shapingseq/draft-south-east-queensland-regional-plan.pdf
RISE ON MINNIE | PAGE 16 | Mar-20The next 25 years…
By 2041, SEQ is expected to accommodate an additional 1.98 million people,
bringing its total population to 5.35 million.
This chapter provides the planning framework that will help us accommodate and manage
this growth to achieve the 50-year vision outlined in Chapter 2.
RISE ON MINNIE | PAGE 17 | Mar-20The next 25 years…
RISE ON MINNIE | PAGE 18 | Mar-20The next 25 years… RISE ON MINNIE | PAGE 19 | Mar-20
Long-term Projections of Possible Future Employment Growth
Employment planning benchmark by industry for each local government area to 2041…
RISE ON MINNIE | PAGE 20 | Mar-20LOCAL GOVERNMENT AREA PROFILE | GOLD COAST
Located south of Brisbane CBD, in South-East Queensland’s major growth corridor, the Gold Coast
combines the benefits of close proximity business opportunities and major transport infrastructure,
with coastal lifestyle and value-for-money.
Home to the Southern Hemisphere’s largest collection of theme parks including Dreamworld, White
Water W orld, W arner B ros. Movie W orld, W et ‘ n’ W ild W ater W orld a nd A ustralian Outback
Spectacular, the trip up the M1 Highway to the northern Gold Coast precinct of Pimpama is an exciting
pilgrimage for Australian families.
The region is home to a panorama of off coast islands, national parks, bushlands, beaches and coastal
playgrounds an d it is r enowned for it s bountiful s upply of recreation, l eisure a nd e ntertainment
options that provide an excellent opportunity to tap into the tourist market and day visitors drawn
to the Gold Coast.
The G old C oast h as e ntered a n ew e ra o f investment an d in frastructure as a l ead u p t o t he
Commonwealth G ames in 2018. $2 billion o f t his forecasted in frastructure h as b een allocated t o
venue construction for the 2 018 Commonwealth Games alone with a maj or stadium for the event
opening and closing ceremonies being a short distance away from Gainsborough Views.
Construction to the new 1.5 billion Coomera Town Centre is underway and will be a major regional
centre c ompeting a gainst P acific Fair and R obina Town C entre with ar ound 100,000 sq m of r etail
space.
With A ustralia’s b iggest l ight r ail p roject c ompleted and the m ajor station built w ithin t he ne wly
finished U niversity h ospital an d G riffith H ealth an d K nowledge precinct, t rains carrying up t o 3 09
passengers in air-conditioned comfort service 14 stations between Arundel and Pacific Fair, Coomera,
as well as other key suburbs will have bus links from all major stations.
These pr ojects, a long c ompleted B roadwater P arklands f oreshores a nd t he pro posed C ruise S hip
Terminal will put the Gold Coast on the world stage, reaffirming it as Australia’s premier holiday and
lifestyle destination and subsequently putting demand on the supply of quality rental and permanent
dwellings.
Situated b y the d iverse range of c ontemporary r estaurants, c afes, b ars, s hopping op tions an d
beachside accommodation. T he r egion attracts p eople f rom all a round the globe w ith l andmark
facilities such as t he Gold Coast Convention and Exhibition Centre and Conrad Jupiter’s Hotel and
Casino positioned in the heart of the district and within easy reach of accommodation and night spots.
RISE ON MINNIE | PAGE 21 | Mar-20The Gold Coast combines the benefits of
major infrastructure
with coastal lifestyle
RISE ON MINNIE | PAGE 22 | Mar-20INFRASTRUCTURE | GOLD COAST
Westfield Coomera
After years of anticipation, one of the most significant new additions to the city’s
northern end has finally arrived. Thursday October 11 2018 marked the official opening of
Westfield Coomera, a colossal $470-million destination with more than 140 dining, retail
and entertainment venues. The opening kicked off with four days of celebrations
throughout the centre, including live music, activations, giveaways and fireworks.
Westfield Coomera is Scentre Group’s very first greenfield development and is delivered in
partnership with QICGRE. The $470 million development delivers an unrivalled experience
in retail, dining, lifestyle and entertainment to the fast-growing corridor on the Gold
Coast in South East Queensland.
Spanning 59,000 square metres (sqm) of indoor-outdoor retail and leisure space, Westfield
Coomera will offer 140 specialty stores from launch, a two-level dining and entertainment
precinct, market-style fresh food, quick eateries and a never-seen-before purpose-built
recreational park, appropriately titled; The Backyard.
Built in response to significant growth that has already happened and is forecast to
continue in this part of the Northern Gold Coast, Westfield Coomera has been designed to
be the heart of the booming region. Not only providing a Town Centre for the community,
but employment opportunities with almost 7,500 jobs created during construction and in
retail on completion.
The centre is conveniently located just 500 metres off the Pacific Motorway (M1) and next
to the Coomera train station.
https://www.scentregroup.com/Our-Portfolio/Centres/Westfield-Coomera
LOCATION:
COOMERA
VALUE:
$470 MILLION
PROJECT STATUS
COMPLETED: OCTOBER 2018
RISE ON MINNIE | PAGE 23 | Mar-20Westfield Coomera
Casual Dining
Light, airy and cool, with a gable roof and a true Queensland feel, Westfield Coomera’s outdoor dining
precinct is planned to offer a range of stores that appeal to the trade area and deliver good quality, great
food. It will feature small courtyards that encourage discovery and exploration, along with beautiful
lighting to create a distinct night-time ambience.
New Food Court Concept
Inspired by the garden and an outdoor dining room, Westfield Coomera intends to deliver a new era food
court concept. This is designed to be a light, bright, relaxed casual experience that flows seamlessly from
inside to the outside and features external-style shop fronts with an individual feel.
Entertainment & Outdoor Spaces
Westfield Coomera aims to offer a complete day out and enjoyment for people of all ages. There are plans
to include a brand new cinema complex and other entertainment options, an amphitheatre and
multipurpose events area, flexible community social and leisure spaces, plus play zones for kids and
youth.
https://www.scentregroup.com/Our-Portfolio/Centres/Westfield-Coomera
RISE ON MINNIE | PAGE 24 | Mar-20Gold Coast Commonwealth Games
The international spotlight was on the Gold Coast as
the city hosted one of the largest multi-sport events in
the world the Commonwealth Games, which has
transformed the city’s sport infrastructure and
catapulted the Gold Coast onto the global stage.
The Gold Coast Aquatic Centre was the first venue to be
delivered f or G old Coast 2 018 C ommonwealth G ames
(GC2018). The $41 million redevelopment provides the
Gold C oast wit h a wo rld-class sw imming and d iving
facility.
Revitalisation o f the C arrara Spo rts P recinct i ncludes
construction o f t he N ew C arrara S ports a nd Leisure
Centre as well as upgrades to Carrara Stadium and
Carrara Indoor Stadium. This venue will provide new and
upgraded facilities for a range of elite and community
sporting g roups o n t he Gold Coast. T he v ision for t he
precinct is t o create a vibrant and engaging venue space that will attract community and
sporting events long after the GC2018.
The ne w Coomera I ndoor S ports Centre hosted t he G C2018 g ymnastics c ompetition and
netball finals, and has been designed to world-class competition standards with potential
for elite training and competition use. Key features of the venue design include a gymnastics
arena and eight mixed-use sports courts
(https://moregoldcoast.com.au/invest/sport-infrastructure/ )
G: Link Light Rail
The Gold Coast Light Rail project is one of the biggest public
transport projects in the country, and the biggest transport
infrastructure project ever undertaken on the Gold Coast.
As Q ueensland’s f irst e ver li ght r ail s ystem,
the G:link represents a major step forward in transforming
the city into a modern, accessible destination.
Stage 1 & 2 extend from Broadbeach to Helensvale and In
August 2017 the Queensland Government and City of Gold
Coast e ach c ommitted $ 5 m illion t o p rogress t he De tailed
Business Case to analyse options for Stage 3A. Lead by the
Department o f T ransport
and M ain Roads, de tailed
planning i s be ing
undertaken t o identify a
preferred, dual l ight ra il
track in the centre of the Gold Coast Highway from
Broadbeach South light rail station to Burleigh Heads. Should
the p roject p rogress t o c onstruction it wou ld t ake
approximately 3 years to build Stage 3A.
https://www.tmr.qld.gov.au/Projects/Name/G/Gold-Coast-Light-Rail-Stage-3A &
http://www.goldcoast.qld.gov.au/rapid-transit-6004.html
RISE ON MINNIE | PAGE 25 | Mar-20Gold Coast Airport Upgrade
The Australian Government approved a major development plan (MDP) for the Gold Coast
International Airport, the sixth busiest airport in Australia, in February 2016. In 2015,
the Gold Coast airport owner and operator, Queensland Airports Limited (QAL), proposed a
redevelopment plan t o upgrade the existing terminal facilities under a programme named
LIFT (Let’s Invest for Tomorrow).
The L IFT pr oject w ill e xpand a nd upgrade t he t erminal a nd apr on f acilities i n o rder to
accommodate the increased passenger traffic during the 2018 Gold Coast Commonwealth
Games, as well as the future growth at the airport, which is projected to reach 16.3 million
passengers by 2031.
Construction works on the redevelopment are scheduled to commence in mid-2016 with the
majority o f works pla nned f or c ompletion by t he e nd o f 2 017, ahead o f t he 20 18
Commonwealth Games. Subsequent phases of the expansion will be completed in late 2018
and 2021.
The e stimated i nvestment o n t he pr oject i s $300m, which w ill be recovered o ver t he
operational life of the airport through revenue from commercial developments and other
airport charges.
In re cent y ears, t he a irport has experienced sig nificant g rowth in b oth d omestic a nd
international traffic due to the increase in low-cost and full-service carrier airlines, which
resulted in congestion at the aircraft parking stands.
The terminal area is also experiencing capacity issues during peak hours in multiple areas,
some of which include international arrivals, domestic and international departure lounges,
check-in areas.
The capacity issues are believed to significantly limit the airport’s ability to serve future
passenger demand necessitating the redevelopment.
In addition to enabling the airport to work more efficiently and effectively, the LIFT project
creates significant economic benefits to the Gold Coast region by generating employment
opportunities, stimulating economic activities and facilitating tourism.
The project will create 230 jobs during the construction phase and 180 full-time jobs during
the o perations phas e. By a ccommodating a dditional f lights, t he e xpanded a irport wil l
attract more tourists to the region and generate additional revenue to the region.
https://www.airport-technology.com/projects/gold-coast-airport-terminal-redevelopment/
RISE ON MINNIE | PAGE 26 | Mar-20Airport Hotel
The way has been cleared for work to start on the $50 million Rydges-branded hotel at the
Gold Coast Airport precinct after the Federal Government approved the iconic project.
Approval of the hotel’s Major Development Plan (MDP) by Deputy Prime Minister, and
Minister for Infrastructure, Transport and Regional Development Michael McCormack, which
was p repared b y a irport o wner Queensland Ai rports L imited, pav es t he w ay f or t he
developer to move ahead with construction.
The h otel development w ill c reate 9 0 c onstruction j obs and m ore than 6 0 j obs p ost-
construction.
QAL CEO Chris Mills said he expected work to start on the important project before the end
of the year.
“This is a great project for the airport, and for the Gold Coast and northern NSW,” he said.
“Visitors to the region will appreciate the hotel, which is close to both the beautiful Gold
Coast beaches and t he airport. And locals will use it t oo, especially t hose c atching early
morning flights.
“An airport hotel is something that has been missing at Gold Coast Airport and now that we
have t he approval, we can move a head with another important part o f our development
plan designed to further activate the precinct and accommodate growth.”
The seven-storey hotel, with views over Kirra Beach and across the runway, will include a
rooftop bar and viewing deck, with 192 rooms and suites.
Developer Trepang, associated with John Robinson and Nick Paspaley, has delivered hotels
in Darwin, including two airport hotels.
Gold Coast Airport is on the move. By 2020 the airport will contribute $818 million annually
to t he r egion and s upport abo ut 20,000 f ull t ime j obs. G old C oast Ai rport w elcomed 6 .6
million pas sengers he ading t o a nd f rom s outh e ast Q ueensland and N orthern NSW la st
financial year. Passenger numbers are expected to reach 16.6 million annually by 2037.
https://www.goldcoastairport.com.au/latest-news/approval-lands-for-airport-hotel
RISE ON MINNIE | PAGE 27 | Mar-20The Gold Coast Cultural Precinct
A striking new cultural destination is planned for Australia’s Gold Coast. To be delivered on
a 1 6.9 hectare s ite, within w alking d istance of S urfers P aradise, t he G old Coast C ultural
Precinct will be a heart for arts, culture and creative enterprise. It will become the Gold
Coast’s place to be for residents and visitors alike.
With new visual and performing arts facilities and a programmed outdoor Artscape, the
completed G old C oast C ultural Precinct will s upport the c ity’s already thriving c ultural
evolution.
Design team leaders, ARM Architecture and Topotek1, have applied their 2013 international
competition-winning concept to a site-wide Master Plan. It will guide staged delivery of the
project over the next 10 – 15 years.
Early work started in 2015, enabling completion of the $37 million Stage 1 before the city
hosts the Gold Coast 2018 Commonwealth Games™.
In 2018, Stage 1 project completion includes:
• An Outdoor Stage and Concert Lawn – stage and event platform catering for audiences
of up to 5000 and a wide range of civic events and performances
• Initial Artscape works – surrounding an enhanced Evandale Lake and activated by artistic
programming, markets, festivals, cinema and family recreation
• Detailed de sign i s also be ing pr epared for an in ternational st andard c ity g allery and
pedestrian and c ycle bridge c onnecting H OTA wit h nearby C hevron I sland and on t o
Surfers Paradise. Construction will start in mid-late 2018 for a 2020 completion.
Future stages will be delivered after 2018. Outlined in the Master Plan, they will include a
striking c entral A rt T ower a nd a djacent G reat H all, n ew and re furbished p erforming art s
facilities, and completion of the outdoor Artscape works.
Council is working with The Arts Centre Gold Coast, governments, business, arts and cultural
organisations and the community to build partnerships, secure funding and activate what
will be a must-visit artistic and cultural destination.
http://www.goldcoastculturalprecinct.info/
RISE ON MINNIE | PAGE 28 | Mar-20The Star Hotel – Gold Coast Bulletin
The high-rise, known as The Star residences, will become built at Broadbeach and will be
hope to Australia’s first Dorsett Hotel.
The 4.5 star hotel will be developed by the Destination Gold Coast Consortium — a joint
venture between The Star Entertainment Group and its Hong Kong-based partners, Far East
Consortium and Chow Tai Fook Enterprises.
A total of 316 hotel rooms will be created across the tower’s lower levels, while a further
423, one and two bedroom residential apartments will be built across its upper floors.
And more than 1800 jobs will be created during construction, which will begin this year and
will run until 2022.
Star Entertainment Group Managing Director Queensland Geoff Hogg said the tower would
create a l arge-scale, pr emium de velopment t hat r einforces T he St ar’s c onfidence i n t he
tourism outlook for South East Queensland.
“This new hotel and apartment offering brings us closer to realising our vision of becoming
Australia’s leading integrated resort company, and we’re proud of the fact we will now have
three hotels on Broadbeach Island, Mr Hogg said.
“They are looking for authentic experiences further from home and are wanting to travel.
“When c ombined with o ur c limate, nat ural beauty, abundant f resh pr oduce and s afe
environment, it makes the Gold Coast a truly compelling tourism destination.”
Features of the tower are new restaurants, bars, resort facilities, carparking and shops, and
an exclusive recreation deck for apartment occupants on Level 20.
The St ar r ecently an nounced H utchinson B uilders as the c ontractor o f t he pr oject.
Hutchinson boss Greg Quinn, said he was looking forward to working on the project.
Hutchisons confirmed t hat m ost n ew j obs would b e sourced f rom l ocal c ontractors, w ith
around 1600 on top of its own 200-strong staff.
https://www.goldcoastbulletin.com.au/business/gold-coast-development-construction-of-new-400m-hotel-
and-residential-tower-at-the-star-casino-complex-imminent/news-story/58fc109ca9b0030199e607479200be77
RISE ON MINNIE | PAGE 29 | Mar-20SUBURB PROFILE | SOUTHPORT QLD
The Gold Coast’s Southport makes it easy to mix business and pleasure. While it’s hard to
find part of the Gold Coast that could be considered long-standing, Southport still retains
some of the Coast’s yesteryear charm. Home of the Gold Coast’s CBD and with more
permanent residents than any other part of this coastal strip, Southport is a suburb in two
parts – business at the front and party at the back.
People in Southport
Parts of Southport are affordable and less built-up (a combination that is tough to find on
the Gold Coast). Students come from all over the world to study medicine and dentistry at
Southport, where there is a University Hospital and health education precinct run by
Griffith University.
The Southport Lifestyle
Southport overlooks the Broadwater and the Southport Spit (a long sandbar that divides the
Broadwater from the ocean). The Broadwater is home to playgrounds, parklands, footpaths
and bikeways, the Gold Coast Aquatic Centre (for when the ocean just isn’t enough for your
swimming needs), a produce market on Saturdays and Sea World theme park. While you can
swim here at Southport, locals tend not to. With Surfers Paradise only six minutes away, it’s
the preferred option for a dip. And if you are still looking for things to do (or if it’s raining),
the major shopping centre and cinema complex, Australia Fair, is located on Marine Parade.
Southport Homes
Some streets of Southport are so quiet, it’s easy to forget that you are this close to the
glitter strip. Homes here range from new single-story brick houses in walled estates, to
modest wooden seaside shacks – and just about everything in between.
East of the Gold Coast Highway you’ll find the beginning of this region’s iconic high-rises.
The towers here, in what is traditionally the Gold Coast’s CBD, tend to be home to
businesses rather than holiday makers – but this quickly changes as you head south where
you’ll find holiday apartments and luxurious hotels. Southport is an ironically Gold Coast-
style mix of the bright lights of multi-story development and quiet seaside streets. But, as
with many parts of The G.C., whether you love a house with a yard or high-rise living, life
by the ocean has never been more fun.
RISE ON MINNIE | PAGE 30 | Mar-20LOCATION MAP| 23 MINNIE STREET, SOUTHPORT QLD
RISE ON MINNIE | PAGE 31 | Mar-20SITE PLAN | RISE ON MINNIE
BASEMENT LEVEL | CARPARK
GROUND LEVEL | UNITS 01 -07
RISE ON MINNIE | PAGE 32 | Mar-20FIRST LEVEL | UNITS 08 - 14
SECOND LEVEL | UNITS 15 – 21
ROOF TOP | TERRACE
RISE ON MINNIE | PAGE 33 | Mar-20TYPE F
AREA per unit
Internal 75.90m2
External 12.30m2
Total Area 88.20m2
RISE ON MINNIE | PAGE 34 | Mar-20TYPE G
AREA per unit
Internal 59.80m2
External 9.80m2
Total Area 69.60m2
RISE ON MINNIE | PAGE 35 | Mar-20TYPE H
AREA per unit
Internal 51.10m2
External 7.7m2
Total Area 58.80m2
RISE ON MINNIE | PAGE 36 | Mar-20SCHEDULE OF FINISHES | STANDARD
Documents
Architectural Drawings complete by RH Frankland & Associates - Rev E
Structural Drawings completed by Cozens Regan
Civil Stormwater Drawings completed by Mora Consulting
Civil Drawings completed by Cozens Regan
Hydraulic Drawings completed by SJM Hydraulics, Revision 01
Electrical Drawings completed by VOS Group
Landscape plans completed by Studio 8
Geo-tech report completed by Precise Geotech
Civil works & Service Connection
Bio retention
Stormwater chamber and pump
Stormwater drainage works including sewer and water connection works
On-site water detention tanks as documented
New Powdercoated electrical pole
Building Externals
Block work construction as shown on plan including split face blocks at ground level
Planter boxes
Render finish to areas as documented
Electrometric texture paint finish over render areas as shown on plan
Standard glazed balustrading to balconies and roof top area
Commercial grade Powdercoated aluminium glazed windows and doors
Powdercoated aluminium screens, sunhoods and window surrounds
Concrete driveway construction including new cross overs in standard grey concrete
Letter boxes
Commercial grade carpark door including motor and remotes
Powdercoated aluminium louvre screens to conceal balcony a/c units
Roof top pergola construction in aluminium
Bollards as required within carpark
Line marking works
Carpark signage
Waterproof membranes to all external window and door reveals, balcony's, below slab on ground block
walls, podium slab external areas, lift shaft roof, planter boxes and roof top area
Texture paint finish to exposed concrete balcony soffits
Metal roofing works
Security screens (diamond grill type) to all units, sliding doors and windows
Service Works
Main electrical switchboard to be placed in basement
Passenger lift with standard finishes (Kone, Otis or Schindler)
Standard oyster LED type light fittings throughout unit internals & internal common hallways
Ceiling fans/light combo fittings as shown on electrical plans
1 x exterior grade LED light fittings to each balcony
Fluro light fittings to carpark
RISE ON MINNIE | PAGE 37 | Mar-20Standard LED light fittings to roof top area
1 x 3.5kw split a/c system to each unit
Mechanical ventilation works to internal wet areas as required
Air-conditioning tundish drain works
Acoustic lagging works to plumbing draining where required to achieve sound ratings
Fire collars to services as required
Rubbish chute system
Plumbing and draining works inclusive of stormwater drainage, sewer drainage, water reticulation and
final plumbing fit off works
Plumbing fixtures supply as per Harvey Norman Commercial quotation provided (including pre-fabricated
vanity units)
1 x electric 50 L hot water system per unit
Building Internals
20mm thick reconstituted stone bench tops or equivalent (colours from the standard range – refer to
colour scheme) with vitreous china drop-in bowl.
Laminated vanity units - colours as specified by the internal colour scheme
Handles to vanity cabinet and drawers: Titus Tekform Slimline Satin Chrome, or equivalent from the
Builder’s standard range
Framed mirrors to all vanities
Powder coated aluminium shower screens with clear laminated glass
Moulded acrylic Bathtub located in the Bathroom
Double Towel rail holder in each Ensuite and Bathroom: Ausboard DLX Double Towel Rail Chrome Plated,
or equivalent from the Builder’s standard range
Tiled shower walls to 2000 mm high
Tiles to walls adjoining the bathtub (Building Type D & E) to a minimum of 600 mm above the Bathtub. For
combination bath/showers, tiled shower walls to 2000mm.
Unit numbering and signage
Tactile indicators
Fire rated doors and frames as required
All plasterboard linings and covered cornice
Stipple paint ceilings to unit internals
Kitchen cabinetry in laminate with standard 1mm pvc edging. Kitchen cabinetry includes gable ends to
fridge space and overhead cupboards. Overhead cupboards included to rangehood elevation. Standard
range and cabinetry handle only. Painted MDF bulkheads above overhead cupboards. Overhead cupboards
built to 2100mm high.
Standard range 20mm reconstituted stone benchtops to kitchens
Tile supply at $22/m2 including GST for floor tiles & $14.30/m2 including GST for wall tiles
Carpet to bedrooms (tuft master range Angelia 32 ounce dyed nylon)
Carpet to common area hallways and stairs (Beaulieu medallion solution dyed nylon)
Wardrobe shelving works in white melamine consisting of; shelf and hanging rail, 1 x bank of 4 x shelves
per robe)
Standard framed shower screens
Framed mirrors
Kitchen appliances supply (standard range s/s Beko products or equivalent) Oven, cooktop, rangehood,
dishwasher & dryer
Door hardware to be standard lever sets with privacy sets to bedrooms and bathrooms (to value of $50
per set)
2040mm high internal doors (hollow core flush panels)
Roller blinds to all windows and sliding doors (excluding wet areas)
R2 glass wool insulation batts within second floor roof space (below roof truss area only)
RISE ON MINNIE | PAGE 38 | Mar-20RENTAL APPRAISAL | L J HOOKER
RISE ON MINNIE | PAGE 39 | Mar-20DEPRECIATION SCHEDULES | BMT
RISE ON MINNIE | PAGE 40 | Mar-20RISE ON MINNIE | PAGE 41 | Mar-20
RISE ON MINNIE | PAGE 42 | Mar-20
DEMOGRAPHICS | SOURCED FROM RP DATA
HOUSEHOLD STRUCTURE
Type Percent
Childless Couples 45.5
Couples with Children 29.8
Single Parents 22.3
Other 2.5
HOUSEHOLD OCCUPANCY
Type Percent
Renting 56.2
Owns Outright 19.9
Purchaser 18.0
Not Stated 5.1
Other 0.9
RISE ON MINNIE | PAGE 43 | Mar-20HOUSEHOLD INCOME
Income Range Southport % Gold Coast
City %
0-15.6K 6.9 3.8
15.6-33.8K 19.7 13.2
33.8-52K 16.8 14.4
52-78K 18.0 16.6
78-130K 18.6 23.2
130-182K 6.2 10.6
182K+ 4.4 8.2
AGE SEX RATIO
Pimpama GC City
Age
Age group Male % Female % Male %
group
0-9 11.8 11.0 6.2 6.0
10-19 5.8 6.5 6.2 5.9
20-29 9.4 11.8 6.6 6.9
30-39 8.6 9.4 6.6 7.0
40-49 5.2 5.3 6.8 7.3
50-59 3.3 3.5 6.0 6.6
60-69 2.4 2.6 5.2 5.7
70-79 1.3 1.1 3.4 3.6
80-89 0.5 0.4 1.4 1.8
90-99 0.1 0.1 0.3 0.5
100+ n/a n/a 0.0 0.0
RISE ON MINNIE | PAGE 44 | Mar-20RP DATA AREA PROFILE
The size of Southport is approximately 14.6 square kilometres.
It has 58 parks covering nearly 10% of total area.
The population of Southport in 2011 was 28,314 people.
By 2016 the population was 31,879 showing a population growth of 12.6% in the area during
that time.
The predominant age group in Southport is 20-29 years.
Households in Southport are primarily childless couples and are likely to be repaying $1800 -
$2399 per month on mortgage repayments.
In general, people in Southport work in a professional occupation.
In 2011, 41.2% of the homes in Southport were owner-occupied compared with 37.9% in 2016.
Currently the median sales price of houses in the area is $574,000.
SALES STATISTICS | SOURCED FROM RP DATA
MEDIAN SALE PRICE
Year 2017 Year 2018 Year 2019
Period Median Price Median Price Median Price
January $537,000 $560,000 $545,000
February $536,000 $562,500 $545,000
March $536,750 $568,500 $547,750
April $535,500 $575,000 $548,000
May $540,500 $575,000 $542,000
June $537,500 $575,000 $545,000
July $538,750 $575,000 $548,000
August $541,000 $570,000 $552,000
September $550,000 $560,000 $560,000
October $553,500 $557,750 $560,000
November $560,000 $550,000 $570,000
December $565,000 $549,000 $574,000
RISE ON MINNIE | PAGE 45 | Mar-20RECENT MEDIAN SALE PRICES
HOUSE Southport GC City
Period Median price Median price
December 2019 $574,000 $640,000
November 2019 $570,000 $640,000
October 2019 $560,000 $637,500
September 2019 $560,000 $635,000
August 2019 $552,000 $635,000
July 2019 $548,000 $635,000
June 2019 $545,000 $632,000
May 2019 $542,000 $630,000
April 2019 $548,000 $635,000
March 2019 $547,750 $633,000
February 2019 $545,000 $635,000
January 2019 $545,000 $632,500
UNIT Southport GC City
Period Median price Median price
December 2019 $355,000 $410,000
November 2019 $355,000 $410,000
October 2019 $360,000 $410,000
September 2019 $365,000 $410,000
August 2019 $365,000 $410,000
July 2019 $365,000 $410,000
June 2019 $370,000 $410,000
May 2019 $365,000 $408,000
April 2019 $365,000 $408,700
March 2019 $367,750 $410,000
February 2019 $370,000 $410,000
LAND Southport GC City
Period Median price Median price
December 2019 $435,500 $300,000
November 2019 $475,000 $302,500
October 2019 $489,000 $300,000
September 2019 $489,000 $300,000
August 2019 $527,000 $299,000
July 2019 $571,250 $299,000
June 2019 $577,500 $302,450
May 2019 n/a $300,000
April 2019 n/a $300,000
March 2019 n/a $300,000
February 2019 n/a $300,000
RISE ON MINNIE | PAGE 46 | Mar-20SALES PER ANNUM
HOUSE Southport
Period Number
Dec 2019 279
Dec 2018 264
Dec 2017 312
Dec 2016 265
Dec 2015 290
Dec 2014 227
Dec 2013 215
Dec 2012 144
Dec 2011 123
Dec 2010 143
UNIT Southport
Period Number
Dec 2019 623
Dec 2018 631
Dec 2017 755
Dec 2016 988
Dec 2015 1080
Dec 2014 804
Dec 2013 673
Dec 2012 444
Dec 2011 535
Dec 2010 678
LAND Southport
Period Number
Dec 2019 10
Dec 2018 10
Dec 2017 12
Dec 2016 4
Dec 2015 9
Dec 2014 2
Dec 2013 5
Dec 2012 4
Dec 2011 2
Dec 2010 2
RISE ON MINNIE | PAGE 47 | Mar-20SALES BY PRICE HOUSE Southport Price Number
CAPITAL GROWTH IN MEDIAN PRICES
HOUSE Southport GC City
% change
Period % change
Dec 2019 4.55% 0.79%
Dec 2018 -2.83% 2.01%
Dec 2017 5.61% 5.51%
Dec 2016 3.88% 5.36%
Dec 2015 8.42% 6.46%
Dec 2014 10.47% 6.26%
Dec 2013 9.55% 4.87%
Dec 2012 -3.68% -3.67%
Dec 2011 -13.85% -6.13%
Dec 2010 3.16% 4.61%
UNIT Southport GC City
Period % change % change
Dec 2019 -1.39% 0%
Dec 2018 -5.26% 1.86%
Dec 2017 -0.33% 0.62%
Dec 2016 0.33% 5.54%
Dec 2015 8.57% 2.99%
Dec 2014 11.11% 3.66%
Dec 2013 3.28% 1.43%
Dec 2012 -6.15% -3.31%
Dec 2011 -6.42% -4.74%
Dec 2010 -4.98% 2.7%
LAND Southport GC City
Period % change % change
Dec 2019 -37.79% 1.01%
Dec 2018 0% 6.83%
Dec 2017 0% 11.2%
Dec 2016 0% 4.17%
Dec 2015 0% 3.45%
Dec 2014 0% -0.43%
Dec 2013 0% -0.38%
Dec 2012 0% 1.04%
Dec 2011 0% -5.12%
RISE ON MINNIE | PAGE 49 | Mar-20MARKET ANALYSIS | SOURCED FROM RP DATA
RISE ON MINNIE | PAGE 50 | Mar-20RISE ON MINNIE | PAGE 51 | Mar-20
Experience the lifestyle that is...
Rise on Minnie
RISE ON MINNIE | PAGE 52 | Mar-20All information in this report is collated from third parties and provided in good faith. No representation
is given or implied as t o its accuracy or its interpretation. All interested parties must rely on their own
research before making an investment decision.
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