OVERVIEW :

  • Current & Completed Works
  • Basement Footings, retaining walls
  • Lift Shaft and columns to Level 1
  • Inground basement services installed(sewer, water, stormwater & electrical)
  • Cleared and levelled neighbouring block and construction access
  • Site establishment complete
  • Council pre-start meeting complete
  • Retaining walls to the western, front and rear boundaries

What’s coming up?

  • Basement slab being poured (230/11/17)
  • Level 1 Formwork being erected (1/12/17)
  • Level 1 structural steel being placed (13/11/17)
  • Level 1 podium concrete pour (18/12/17)

Weather report:

  • 4 “wet days”in the past month

Completion date

  • Expected completion date – July 2018

Total Apartments: 14 – Sales Activity/Update:

  • Apartment 2 – Unconditional
  • Apartment 3 – Under Contract
  • Apartment 11 – Unconditional
  • Apartment 13 – Under Contract

Property transactions and enquiry over the October and November periods have started to increase across the entire Sunshine Coast. We have limited our marketing spend over the past couple of months in preparation for the Christmas holiday period, whilst running a reduced marketing profile we have still managed to sell the sub-penthouse through door knocking any local residents with a property on the market.Through December – February we will re-launch our realestate.com listing and booked advertisements and front covers of local real-estate magazines and distributed marketing material to local coffee shops and businesses.

Buyer feedback is positive and throughout Jan/Feb and as the onsite construction works progress, we expect inquiry and transactions to increase dramatically

Comments

Delays – The architectural plans had issues around the design which had a adverse effect on the costing to build the project within the stated budget.  Three of the major builders who provided fix build prices had pulled out of the contracts which were due to more opportunities in the market to build other product at better rates. The project has now commenced and Level one completed. We have withheld personal staff and redesign certain elements of the building to retain the design yet keep the project within budget and on line with the feasibility contained within the offering.

Property transactions and enquiry over the October and November periods have started to increase across the entire Sunshine Coast. We have limited our marketing spend over the past couple of months in preparation for the Christmas holiday period, whilst running a reduced marketing profile we have still managed to sell the sub-penthouse through door knocking any local residents with a property on the market.Through December – February we will re-launch our realestate.com listing and booked advertisements and front covers of local real-estate magazines and distributed marketing material to local coffee shops and businesses.

Buyer feedback is positive and throughout Jan/Feb and as the onsite construction works progress, we expect inquiry and transactions to increase dramatically