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New Project Memorandum
Development Name Central Park
Address Cavanagh St Cheltenham
TOTAL TOWN HOUSES: 208 to be developed in 4 stages – 49 in Stage 1
Type Selling Price Car Space Units Avail.
2 bedrm - Jasmine $535,000 – $550,000 Single Car Garage 20
3 bedrm - Magnolia $625,000 – $640,000 Double Secure Carpark 14
3 bedrm – Camillia $570,000 - $575,000 Single Carport +Car Space
7
3 bedrm - Gardenia $625,000 - $640,000 Single Garage + Car Space
5
3 bedrm + Study – Orchid $775,000 - $825,000 Double Garage 3
Start date: Stage 1 – April 2012 Stage 2,3 and 4 - TBA
Finish Date Stage 1 – December 2012 Stage 2,3 and 4 – December 2013
Assessment Rate(10) Comments
Capital Gain 10 Great Capital Growth especially with this project as the project
lies. A stone’s throw to Southland Shopping Centre and Black Rock and Brighton Beach
Rental Yields 9 Fantastic Rental Yields with only 16 radial km south-east of Melbourne CBD
Infastructure 9 Superb high growth seaside location with well serviced recreational facilities as well as public transport and Southland Shopping Centre
Population Growth 9 Massive population growth in Cheltenham
Vacancy Rates 9 Low vacancy rate due to accessibility to everything – cafes, restaurants and shopping facilities
Property Supply 9 Huge demand from owner occupiers and investors especially as it is renowned for Sandringham beach and Yacht Club.
Buyer Demographics
General Comments