INVEST IN PASCOE VALE SOUTH

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1 INVEST IN PASCOE VALE SOUTH

2 Pascoe Vale South is changing There has never been a better time to invest in one of Melbourne s oldest and most tightly held residential areas. Historically, Pascoe Vale South has never seen a contemporary apartment completion The Pasco is truly the first to offer a solution to modern apartment living in Pascoe Vale South. Whether you re searching for a first home, a lifestyle change, or an investment opportunity, The Pasco has all the elements to be a rewarding investment in a warm and inviting suburb. ARTIST IMPRESSION

3 Meadow Heights Attwood Plenty LOCATION Campbellfield Tullamarine Keilor East Glenroy Essendon Hadfield PASCOE VALE SOUTH Brunswick West Fawkner Coburg North Coburg Reservoir Preston Thornbury Bundoora Macleod Rosanna Heidelberg Pascoe Vale South is IDEALLY located LESS THAN 10KM FROM THE CBD IN MELBOURNE S HIGHLY DESIRABLE INNER NORTH. Sunshine North Sunshine West Seddon Moonee Ponds Fitzroy Collingwood Abbotsford Ivanhoe Kew Bulleen Balwyn North Pascoe Vale South is an established and well-loved residential suburb situated in Melbourne s inner north and within the 10km radius around the Melbourne CBD which is both prized and highly sought after by residents and investors alike. Demand for property in Melbourne s north is high, with 74 people looking per property, compared to the Melbourne average of 22. With a location just a stone s throw away from bustling Sydney Road and Lygon Street, Pascoe Vale South is a well-kept secret for potential buyers looking in the north. Yarraville Melbourne CBD Richmond Hawthorn Canterbury Surrey Hills South Yarra Camberwell 5KM Glen Iris Burwood Demand for property in Melbourne s north is high, with Altona Williamstown St Kilda Caulfield Malvern Chadstone 74 people * looking per property IN MELBOURNE S NORTH, COMPARED TO THE Melbourne average OF 22. *Source: RP Data 10KM Brighton Bentleigh Clayton Cheltenham

4 To City > CONNECTIVITY AMENITY WHEREVER YOU RE GOING, PASCOE VALE SOUTH IS A GREAT STARTING POINT. 903 < To Airport Northumberland Rd PASCOE VALE Gaffney St O Hea St Essex St Cumberland Rd Derby St 534 Pascoe Vale South BOASTS A RANGE OF QUALITY SERVICES AND FACILITIES ONLY FOUND IN A longstanding RESIDENTIAL Community. 527 Bell St CityLink STRATHMORE Connectivity Employment Local Amenities Community & Health Facilities Pascoe Vale South is connected to the CBD, northern and north eastern suburbs via the Upfield Railway Line or Craigieburn Railway Line. Tram services access the CBD via Melville Road. Other major roads servicing the area include Moreland Road, Reynard Street, and Melville Road. Pascoe Vale South has access to CityLink (Toll Road) via Moreland Road connecting directly to the CBD, and Bell Street connecting to Tullamarine airport. Pascoe Vale South is serviced by numerous bus routes, with a stop right on the doorstep of The Pasco. Buses access the CBD via Melville Road, Sydney Road, Nicholson Street and Plenty Road. Pascoe Vale South is easily accessible to all of Melbourne, and is one of the most connected suburbs in Melbourne. Pascoe Vale South has connectivity to the CBD and inner northern suburbs via the public transport network. Established arterial and major carriageways provide direct access to a diverse range of employment opportunities. Pascoe Vale South has connectivity to a number of suburban office and retail employment nodes, including: A diverse established low-mid order commercial activity within Coburg Essendon Fields Employment Precinct Industrial employment nodes located near Sydney Road and Gaffney Street (Pascoe Vale) and along Mathews Avenue (opposite Essendon Fields) Industrial employment precinct located along Newlands Road (Pascoe Vale South North/Reservoir) Mixed suburban office and Industrial employment located near Sydney Road and Glenlyon Road (Brunswick/Brunswick East) 14,300 people currently employed at Melbourne Airport (Source: melbourneairport.com.au) Melbourne Airport will create 3,000 new jobs in mid 2015 (Source: news.com.au 29/10/13) The $1.5 billion East West Link commences construction in 2015 creating 3,500 jobs (Source: Herald Sun 28/04/14) Melbourne Airport will create 3,000 * new jobs in mid *Source: news.com.au 29/10/13. THE EAST WEST LINK will create 3,500 * new jobs in *Source: Herald Sun 28/04/14. Pascoe Vale South is serviced by established local retail nodes and lifestyle villages. Retail amenities to note in and within proximity to Pascoe Vale South include the shopping precinct on the corner of Cumberland Road and Gaffney Street with a Coles Supermarket, as well as West Street shopping to the north with a Woolworths Supermarket. Victoria Street Pedestrian Mall, Sydney Road Commercial Strip, Preston Market, Barkly Square and Essendon Fields Shopping Centres are only a short drive away. Education A range of primary and secondary (private and public) educational facilities service Pascoe Vale South and the surrounding region, including Pascoe Vale South Primary School and Strathmore Secondary College. Tertiary options include campuses of RMIT, Monash University and the Kangan Institute. Pascoe Vale South has a range of community and health facilities located in surrounding areas, including the Coburg Town Hall, Brunswick Private Hospital, the John Fawkner Moreland Hospital, the Dorset Rehabilitation Centre, and Pascoe Vale Health. Leisure & Recreation Facilities Pascoe Vale South is complemented by a range of recreation facilities, including parks and reserves (Kelvin Thompson Park, Mitchell Reserve, Brearley Reserve, Shore Reserve, Anderson Reserve and Gandolfo Gardens). The iconic Pascoe Vale Outdoor Pool is located conveniently on Prospect Street, while bike paths along Moonee Ponds Creek and Merri Creek Coburg offer an alternate route to the CBD. 24-hour Jetts Fitness is only minutes away, as well as two childcare centres within walking distance from The Pasco.

5 PROPERTY VALUE DEMOGRAPHIC Capital growth in Pascoe Vale over the last 5 YEARS has seen units outperform houses by 20%. * *Source: RP Data Pascoe Vale South Is One Of Melbourne s Most Tightly Held Suburbs. SALES VOLUME IN PASCOE VALE SOUTH HAVE BEEN CONSISTENTLY LOW, AS A RESULT OF LONGSTANDING RESIDENTS HOLDING ONTO THEIR PROPERTIES OVER SEVERAL GENERATIONS. Median House Prices in the Pascoe Vale Area Source: Valuer General Victoria Unit Sales Volume in the Pascoe Vale Area Source: Valuer General Victoria, Charter Keck Cramer 650K $640, MEDIAN HOUSE PRICES ($) 600K 550K $600,000 NO. OF SALES $530,800 COBURG $508,000 PASCOE VALE SOUTH 500K Pascoe Vale South Coburg Pascoe Vale Melbourne Average PASCOE VALE YEAR Property Prices Unit Sales Volume MEDIAN HOUSE PRICES IN PASCOE VALE SOUTH +26% PREMIUM * TO THE REST OF METROPOLITAN MELBOURNE. *Source: Valuer General Victoria, Charter Keck Cramer. The median house prices across Pascoe Vale South have been higher than the metropolitan Melbourne equivalent through the 2000s. Coburg and Pascoe Vale South have maintained a price premium, while Pascoe Vale has recently (since 2012) realigned with the metropolitan Melbourne median. Pascoe Vale South s median house price in 2013 ($640,000) was higher than that of Pascoe Vale ($530,800) and Coburg ($600,000). Currently, median house prices in Pascoe Vale South ($640,000) have an approximate +26% premium to that observed across metropolitan Melbourne ($508,000). Unit Sales volumes in and across Pascoe Vale South, Coburg and Pascoe Vale were primarily driven by Coburg and Pascoe Vale (accounting for 90-95% of sales through the 2000s) with comparatively fewer sales in Pascoe Vale South over the observed period. The run up in sales across Pascoe Vale and Coburg coincided with generous government assistance for first home buyers coupled with declining interest rates. Sales rates have since declined with the removal of these incentives and moderating of market sentiment. Recently, Coburg and Pascoe Vale have experienced declines similar to detached housing sales. Sales observed across Pascoe Vale South have been comparatively limited which have translated into little movement in sales volumes in a nominal sense. All areas within the Study Region, however, have demonstrated comparative levels of volatility in terms of percentage changes in sales volume. Pascoe Vale South has not seen any contemporary apartment completions. Being a traditionally residential area with detached housing throughout the suburb, larger scale land parcels are limited with longstanding residents holding onto their properties over several generations.

6 UNITS OPPORTUNITIES LIMITED INCREASING + = SUPPLY DEMAND YOUR BEST OPPORTUNITY FOR CAPITAL GROWTH STRONG RENTAL RETURNS LOW VACANCY RATES Contemporary Apartment Supply in the Pascoe Vale Region ( ) Source: Valuer General Victoria/Charter Keck Cramer Why buy off the plan? SAVE Significant savings on stamp duty. GRANT First home buyers qualify for $10K First Home Owner Grant. Depreciation Investors claiming depreciation will see maximum returns on new properties. Apartment developments typically allow for higher depreciation when compared to townhouses or standalone homes as common areas such as basement car parks, lifts and resident gardens are included in depreciation calculations. Time With a delay between purchase and settlement, buying off the plan maximises your opportunity to settle with equity. Capital Gains Tax From the day you exchange contracts and pay the deposit, the capital gains discount clock starts. Should your circumstances change and you decide to on sell prior to settlement and provided you have 12 months between paying your deposit and on selling, you may be entitled to a 50% reduction on capital gains tax payable. Your financial advisor will best advise you on what tax benefits may be available, so always seek that advice before making any decisions. NO. OF APARTMENTS Bedroom Units Rental values for 1 bedroom units within Coburg Pascoe Vale South have demonstrated an upward growth accelerating between before adopting a more stable rental uplift through the late 2000s THE PASCO PASCOE VALE SOUTH PASCOE VALE COBURG MARKETED UNDER CONSTRUCTION COMPLETED Short-term future supply is limited across Pascoe Vale South, Coburg and Pascoe Vale. Pascoe Vale South has 142 apartments currently being marketed. Pascoe Vale has 59 apartments under construction. In comparison, Coburg shows significant supply with 777 new apartments under construction or recently completed. Pascoe Vale and Pascoe Vale South have observed little or no contemporary apartment completions. Median unit prices within these suburbs reflect aged stock churn and smaller subdivision developments into units rather than apartments. Pascoe Vale South recorded median unit prices reflective of metropolitan Melbourne through the 2000s, with a noticeable uplift observed through Median unit prices within Coburg and Pascoe Vale were more reflective of the Metropolitan Melbourne average. Pascoe Vale South recorded an average annual growth rate of +7.7% p.a. since This level of growth was noticeably higher than Coburg and Pascoe Vale. Coburg Pascoe Vale South has experienced rental growth of +8.1% p.a. for 1 bedroom units since the September quarter of This has been higher than that observed across metropolitan Melbourne over the equivalent period (+6.7% p.a.). A new 1 bedroom property within Pascoe Vale South is likely to attract a conservative weekly rent of $300+ per week. 2 Bedroom Units Rental values for 2 bedroom units have generally reflected that of the metropolitan Melbourne average. Since 2005, rental growth within Pascoe Vale South (+8.3% p.a.) for 2 bedroom units has been greater than that observed across metropolitan Melbourne (+6.7% p.a.). A new 2 bedroom property would be conservatively anticipated to attract a rental value of between $400+ per week. The Pasco WILL be the first completed contemporary apartment DEVELOPMENT IN THE SUBURB S HISTORY. Whilst all due care has been taken in the preparation and accuracy of this document, it is for guidance purposes only. No warranty of its reliability or accuracy is given by Better Living Group. Independent specialist advice relating to the intended purchasers circumstances is recommended. Design by Assembly Branding.

7 NOT EVERYONE CAN IDENTIFY CHANGE EARLY. IT S THOSE WHO DO THAT REAP THE GREATEST REWARDS. THEPASCO.COM.AU