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Tranquile, Residential, Cannonvale/Airlie Beach, QLD
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Posted on: January 24, 2010 7:41:11 AM (3356 reads )

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Tranquile

PIAA Rating
Residential

Key Features

Two and three bedroom Town Houses
Two and three bedroom Apartments
Masterplan Design
Stone benchtops
Stainless Steel fittings
Security to entrances, buildings and carparks
Lagoon pool
Priced from $368,000

Tranquile has now been completed and represents a very professional development undertaken by a well established developer and builder, PBS Property. This developer has produced a range of high quality developments over the years since its establishment in 1992. See the developer profile below.

The PIAA Rating for Tranquile

PIAA Rating

This development has now been upgraded to 4 stars as it has been completed. The development conforms to the PIAA 4 star rating criteria.

Original valuations were based on off-the-plan from 2008. Due to the Global Financial Crisis valuations dropped due to lack of confidence in the market and availability of money. During this period valuations reflected the reduced availability of money rather than market value. Valuations are nearly back to previous levels and it is expected that valuations will increase over the next year in line with similar property in the area.
Send for the free PIAA Full Due Diligence Kit for this development.

Advantage Statement

Advantage Statement attached below...
Developers Advantage Statement

Key Information

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

Market Information

Market Research: Location

The Whitsundays are located 1100km north of Brisbane, and 600 south of Cairns. The town of Airlie Beach is the most popular launch point for trips to the World Heritage listed Great Barrier Reef. The rural town of Proserpine, and the coastal settlements of Airlie Beach, Cannonvale and Shute Harbour all form part of the Whitsunday Shire along with 74 magnificent resort and national park islands and other regional settlements both coastal and rural. The region benefits from a year-round tropical climate, without the intense humidity of the northern cities or the winter chills of the south-eastern part of the state.

With an average annual temperature of between 21°C and 27°C, a daily average of over eight hours of sunshine and above average rainfall, the Whitsundays are a very pleasant place to live in the current climate. While south-eastern Queensland enforces level four water restrictions, the Whitsunday Shire remains on the lowest level. More than half of the 2600km² Shire is national park, ensuring limited development possibilities and the retention of the area’s natural beauty.

Why Invest in the Whitsundays?
Population Growth:

The population of the Whitsunday Shire is growing at almost twice the state average, making it the fastest growing Local Government Area in Queensland. In the year to June 2006, the local population grew by 3.6% while the state of Queensland's population grew by 2.0% and Australia grew by 1.2%.

House Price Growth:

The 10 year price growth for Cannon vale has been 16.9% for semi detached dwellings, with 28.5% growth over the past 5 years.

See the full reports here:
Cannonvale: Cannonvale
The Whitsundays: The Whitsundays

Valuations: Full Development Valuation
Project Profiles:Developer: PBS Property
Developer's Website: http://www.pbspropertygroup.com.au/
Architect:
About
Builder: PBS Property
Builder's Website: http://www.pbspropertygroup.com.au/
Completion Date: 2008-12-15
Project Website: http://www.tranquile.com.au

Contract Details/Summary:

Some settlements have occurred with more scheduled over the coming months.

The sunset date is the "Registration Date" in the Definition Section of the Special Conditions (11.1(u)) - 3 years from the date of the Contract

PBS Property Suite 201, 504 Pacific Hwy St Leonards NSW 2065 Ph: 02 9007 1833
Website:http://www.pbspropertygroup.com.au/
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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