Odern by Bribrad Pty Ltd has achieved a 3.5 star rating, the maximum for an off-the-plan development to date. It has the potential to reach current PIAA’s highest rating of 4 stars on completion. Developers are required to have developments rated with PIAA for 5 years for a 5 star rating to be achieved.

For investors, this development represents both value and potential in an area that is growing rapidly. On site management that caters for the tourist market will ensure that the rental returns are maximized and the quality of the development is maintained. Infrastructure in the area is about to go through a significant growth phase with a new $800,000,000 marina in close proximity about to be started.

**** For limited time the developer is offering either 7% guaranteed net return OR a furniture package at ½ price. See details of furntiure packages here****

Extract from the attached PRD Report on Hervey Bay Dec 2007:

"The market for housing in Hervey Bay experienced earlier periods of increased demand during Queensland's 2001-03 property boom, however the volume of half yearly sales has begun to trend upward once again. These increased levels of demand coincided with a considerable volume of price growth over the past five years, with house prices in this area having increased by an average 18.7% per annum during this period.

Looking at the house sales cycle to the right, while the strongest rates of median price growth occurred during the abovementioned 2001-03 boom period, persistent levels of price growth have resulted in a record high median house price of $301,282 during the recent Jun-07 half year. This equates to an increase of some $11,532 or 4% over this period last year, which resulted from an increase in houses sold for between $200,000 and $400,000 in the past twelve months, in conjunction with a decline in the availability of houses for less than $200,000. This record median was derived from 886 separate dwelling transactions during the Jun-07 half year, which equates to an increase in the demand for an additional 182 houses over this time last year.

With a record high median house price approximating $300,000 furthermore, the lure of coastal living at an affordable entry price has represented a key driver of property demand in this region."

Market Reports:

Hervey Bay Property Watch Dec 2007

This report from CBRE identifies Hervey Bay as the fastest growing region in Queensland.

Projected Net Rental Returns for the Odern Development with Body Corporate Fees etc.,

Hervey Bay Facts and Figures