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Petaluma, Residential - Townhouses, Mackay, QLD
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Posted on: June 18, 2008 1:00:48 PM (1866 reads )

#;996#

Petaluma

PIAA Rating
Residential - Townhouses

Key Features

All 3 bedroom town houses
Bathroom and ensuite
Large living area
Two car accomodation
Rents from $420 per week
Priced from $385,000

Mackay is a vibrant exciting tropical city, booming from the richness of sugar and mining. Mackay was settled in 1862, named after one Captain John Mackay who discovered the valley of the Pioneer River.

Early pioneers brought sugar cane to the region and began an industry that has become one of Australia's largest. Within a decade of settlement, Mackay became Queensland's largest sugar producing area and still is! Mackay grew with its industries. As sugar boomed so did the frontier town.

The climate and environment of the Mackay area soon attracted families and today more than 75,000 people live in Mackay. More and more "Southerners" are drawn by the promise of sunshine, warmth and relaxed family living.

Mackay's close proximity to the Great Barrier Reef and some of the world's most prized rainforests make it a holiday destination for many thousands of visitors.

The Petaluma townhouse development is located approx 3km from the Mackay town center.

The PIAA Rating for Petaluma

PIAA Rating

The Petaluma Townhouse developmenthas been currently rated at 2.5 stars under the PIAA 5 Star Rating System. It is expected that it will achieve a 3 star rating upon completion and final inspection. The standard of information provided has been above average. Investors are recommended to read the valuation report below which provides excellent information abot the area.

The development is of good quality and representes a good quality of finishing. The opportunity for investment in this area is significant considering the upcoming requirement ofr housing in the area. See the market information below.

Send for the free PIAA Full Due Diligence Kit for this development.

Advantage Statement

No Advantage Statement.
Developers Advantage Statement

Key Information

Price List: Price List
Floor Plans: Plans
Additional Plans
Specifications: Specifications
Depreciation Schedule: Depreciation Schedule

Market Information

Market Research:

Why Mackay:
Mackay is one of the up and comming hot areas on the North QLD coast. Population growth is being driven by the resources boom. With over 32 new mines being developed in the region and a requirement of 15,000 workers over the new few years, Mackay has some significant drivers for growth.

Employment Overview:
Employment Overview for Mackay QLD.
Infrastructure projects:
* The Forgan Bridge
* Coal Terminal Upgrade
About the Mining Boom:
Newspaper Article about the Mining Boom in the Mackay Region.

Valuations: Full Development Valuation
Project Profiles:Developer: Peter Gervinas
Developer's Website:
Architect: Mark Nicholls
About Mark Nicholls
Builder: Rod Simpson
About Rod Simpson
Completion Date: 2008-07-27
Project Website:

Contract Details/Summary:

Standard QLD REIA House Sale Contract
#;1009#First Folio: Gary Damp Mobile: 0425232115
Website:
Disclaimer: Information about this development has been provided by the Developer, Representative or its Agents. PIAA takes no responsibilities for the accuracy of the information provided. You are advised to undertake your own Due Diligence to determine the suitability of this investment for you. Note that the PIAA rating for this development may increase with the provision of new material in accordance with the PIAA Development Rating Criteria.



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