Strong Cash Flow and Strong Capital Growth Potential
Mackay’s ocean front Apartments at the gateway to North Queensland’s Boom Town
Unlike anything on offer before in Mackay, Pacific Sands presents a new and unequalled lifestyle and investment opportunity. With ocean, river and CBD views combined with a unique lifestyle precinct on the edge of the CBD there is much that will make Pacific Sands a destination icon for residents and short and medium term visitors alike. With strong, secure and guaranteed returns, investors have peace of mind knowing they are accessing an undersupplied business and holiday accommodation market in this tropical playground and north Queensland business mecca.
To understand the amazing opportunity Pacific Sands represents, you have to look at the significant and ongoing expansion of Mackay and its economy, the unique offering of the product type and the impressive location, amenity and returns on offer by the project itself.
It doesn’t matter if you’re a first home buyer looking to make the most of the Government’s $15,000 grant, an owner occupier looking for a unique and convenient lifestyle offering or an astute investor or SMSF, Pacific Sands must be considered. Opportunities like this are just plain rare!
Mackay is a thriving leisure, retail and business regional hub with everything from a range of shopping and dining options to world class marina facilities, stunning botanical gardens and access to a tropical playground right in Mackay or the surrounding islands, Great Barrier Reef and wider region. It has a significant business market due to its large agricultural, mining and port facility base and the $29million Mackay Entertainment and Convention Centre acts as a magnet to host large scale conferences, exhibitions and a range of performances further attracting tourists and business travellers.
It also serves as the principal gateway to the lucrative Bowen Basin and the Hay Point Coal Terminal, one of Australia’s largest coal ports.
Located only an hours flight from Queensland’s capital Brisbane, Mackay is often referred to as ‘picturesque’ and welcoming. This is embraced by the essence of Pacific Sands as it finds itself within easy access to all the amenity offered by the Mackay CBD, yet adjacent to walking trails parks, beaches and the Pioneer River. Even windy days provide great entertainment or opportunity as the home of Mackay’s large and exciting Kite Surfing community and favourite beach is on the door step.
Key Growth Drivers
- Significant population growth – estimated to grow by over 40% in the next 15 years
- Strong economic growth of at least 30% in the next 4 years off the back of 23% growth in the last year alone
- Low unemployment of circa 4%
- High average disposable incomes
- Very low vacancy rates and very high room occupancy rates
- Continuing undersupply of property (currently estimated at >30% per annum)
- Diversified economy (agribusiness, marine industries, tourism, mining and service industries)
- World’s largest sugar mill, southern hemisphere’s only bulk refined sugar terminal and Australia’s largest sugar production area
- Some of Australia’s most significant port and mining operations
- 48 mines in the region with 50 mining projects under construction within the catchment area
- Expansion of one of the world’s largest coal export port and plans to add a new facility effectively doubling the port’s export capacity
- Over $107Bn of approved infrastructure projects in the Mackay-Isaac-Whitsunday region
- The strategic epicentre for services, support, accommodation and transport for the most significant coal and sugar cane region in the country
Why Pacific Sands?
Range of living options: 1, 2 and 3 bedroom and Dual Key variants.
- Walk to beaches
- 2km to CBD
- Set at the heart of a new and exclusive master planned beach side precinct
- Impressive swimming pool and communal area
- Intelligent and sophisticated integrated living spaces
- 8% return on cash deposits
- Completion expected early 2014
Pacific Sands is the newest apartment living project in the Mackay CBD precinct unparalleled in its location and offering. Set in one of the fastest growing regions in Australia, Mackay is seeing a rise in employment opportunities off the back of massive investment in the area driving an undersupply of all types of accommodation. The most notable of all of these is the demand and significant gap in supply for short and medium stay; so much so that it prompted the Mackay Regional Council to take the unprecedented step of issuing a prospectus seeking Hotel and Serviced Apartment investment in the town. Today, based on very conservative demand numbers issued by the Council, and with all known projects underway, with approval or proposed, there is still an estimated undersupply of 40% for this type of product.
This demand and the exclusivity of its location adjacent to the ocean, river and parklands, yet just 3 minutes from the CBD café, dining and entertainment district provides a unique lifestyle offering that is highly attractive to both owners and investors alike.
Intelligent design sees Pacific Sands embracing its sub-tropical climate and coastal location. It utilises open planning and cross ventilated living spaces to connect with its location and aspect maximising living comfort and the superb views. Materials and finishes combine to create an enduring sense of home that responds to the needs of long term residents or those short and medium term visitors looking for a true sense of comfort and convenience.
Set in a Master Planned community, this is the first of its kind providing both beachside and CBD access with unprecedented views and returns for investors. With a guaranteed 8% NET return* (based on the apartment purchase price) including an 8% return on cash deposits investors have a low maintenance investment that also provides flexibility in its use and sales options in the future. The secure returns, simplicity and balance it can bring to a portfolio, combined with high growth potential is generating significant attention by individual investors and their self-managed super funds.
Pacific Sands is due to commence construction in early 2013 for completion early 2014.
The Investment Opportunity
Uniquely original in its offering, Pacific Sands is situated right at the junction of the Coral Sea and the mouth of the Pioneer River, providing unequalled views and a new lifestyle offering for all types of stay. The 56 apartments provide a range of options for affordability, flexibility and investment growth incorporating one, two and three bedroom and dual key variants.Located in a booming local economy with strong population growth off an undersupply of property, especially apartments, the strong depreciation and guaranteed returns make this an investment positioned for growth without being a burden.With full, onsite management a three year lease is on offer with guaranteed net returns (net of management fees, council and water rates and body corporate fees) of 8% of the apartment purchase price. With a cash flow positive returns and everything else taken care of on site, you can sit back and let it work for you making it worry free for you or your SMSF… delivering real peace of mind.In addition to all of this, with many investors and owner occupiers alike concerned over the ‘lost interest’ of a 10% deposit held in a project for over six months, the developer offers an 8% return on cash deposits, paid every six months… it’s the icing on an already impressive cake!