ESTIMATED COMPLETION DATE – FEBRUARY 2018

JUNE 2017

OVERVIEW :

  • BA now approved
  • Final Renders/concept have been uploaded to website
  • Hydraulic Engineer has documented the plumbing approval and submitted to BCC
  • Operational Works: The project does not anticipate a separate operational works permit. Currently all civil works are being submitted as a compliance assessment as per DA conditions.
  • House demolition commenced

JULY 2017

OVERVIEW :

  • House has been removed
  • Civil’s and OP works completed
  • Rear boundary unit pool and foundation is cut in preparation for slab
  • 38 tonnes of dirt is being removed a day
  • Plumbing and slabs for Unit 1-6 ready by July 26th

AUGUST 2017

OVERVIEW :

  • All Civil and earthworks now completed
  • All unit slabs have been marked and cut
  • Plumbing and sewage pipes being installed this month in preparation for laying of slabs
  • Formwork prep underway for slab pour
  • Party wall and steel prep underway
  • Pool excavated for Unit 6
  • Slabs to be poured for Unit 5 & 6 by end of this month
  • Sales & Marketing Campaign to start mid of September
  • Completion February 2018

SEPTEMBER 2017

OVERVIEW :

  • 1 Expression of Interest Received
  • Civils and Earthworks Complete
  • Completion Date 23 February 2018
  • Blockwork has commenced

Due For Completion This Month

  • Boundary and Partition Walls
  • Concrete Slabs Laid
  • Plumbing
  • Framework

OCTOBER 2017

OVERVIEW :

  • Trusses to go up this week
  • Framework complete for ground and first floors
  • Party Walls complete
  • Level 2 Framework to be completed by end of October, early November
  • Blockwork, poolwork and retention walls due to commence in 10 days
  • Plumbing and electrical work due to commence end of October

 

NOVEMBER 2017

OVERVIEW :

  • Roof is now complete
  • External cladding commenced
  • Cladding due for completion approx 3 weeks
  • Level 2 framework complete
  • All blockwork for pool and retention walls are ready to go
  • Trusses on and complete
  • Plumbing re piping and electrical first fix complete
  • Top floor windows installed
  • Waterproofing decks to commence w/c 27/11
  • Insulation to be installed first week of December
  • Internal gyprock sheeting to commence in approximately 3 weeks

 

DECEMBER 2017

OVERVIEW :

  • Insulation now being installed
  • Gyprocking is being done
  • Cladding finalised
  • External painting has commenced
  • Air conditioning installed
  • Plumbing and electrical wiring all complete
  • Scaffolding booked to be removed end December early January 2018
  • The project is now for sale and live to the market
  • Construction completion date set for March 2018

JANUARY 2018

OVERVIEW :

  • Insulation is now complete & installed
  • Gyprocking due to be finalised February
  • Gas & sewer water due for connection this month
  • External painting is progressing well
  • All internal work due to start end of Jan
  • Ceilings due for completion February
  • Scaffolding booked to be removed this week
  • Poolwork preparation in progress
  • The project is now for sale and live to the market
  • Construction completion date set for March 2018

FEBRUARY 2018

OVERVIEW :

  • Gyprock completed
  • External painting completed
  • Scaffolding Removed
  • Internal painting has commenced
  • Internal works have commenced
  • All Ceilings completed
  • Kitchens installed in 2 weeks
  • All first fits done aircon electrical etc
  • Civils have been completed
  • Gas and sewer water connected
  • Painting, tiling and pool works are due to be finalised in month of March
  • Sale pricing during construction has seen growth of around 3%pa
  • We have re adjusted pricing with attendance to Open homes to be considered average in terms of conversion from inquiry to viewings
  • The Project has been on the market for 3 weeks with strong interest
  • Project is on Budget

SALES STATUS

Under Contract

  • Unit 1 – $805,000

Expression of Interest

  • Nil

MARCH 2018

OVERVIEW :

  • All exterior work now 80% complete
  • Internal painting complete
  • Kitchens presently being installed
  • Tiling has commenced
  • Wooden flooring installation has commenced
  • Balconies now enclosed with tiling being prepared for grouting
  • Painting to Balcony Ceilings scheduled on completion of grouting
  • Communal Area being prepared
  • Landscaping preparation has commenced
  • Poolworks ongoing
  • Aircon due to be installed early to mid April

Sales Activity:

  • Contract on Unit 1

Marketing :

  • Ongoing online marketing with Domain
  • Open Homes on enquiry demand

Weather Report:

  • Several days lost to inclement weather in and around Brisbane

Expected Completion Date:

  • End of April

Expected Titles Issue Date:

  • Late April/Early May

APRIL 2018

OVERVIEW

  • All exterior work now complete
  • Internal painting complete
  • Kitchens installed and bathrooms complete
  • Tiling complete
  • Carpets booked for laying next week
  • Wooden flooring installation complete
  • Balconies now enclosed and tiling complete
  • Painting to Balcony Ceilings complete
  • RHS Boundary Fence being erected
  • Landscaping has commenced with deliveries of shrubs and trees
  • Interior of Pool tiling to be done
  • Pool surround tiling and glass fencing complete
  • Aircon units installed
  • Balustrades due to be installed later this week

Sales Activity:

  • Contract on Unit 1

Marketing :

  • Ongoing online marketing with Domain
  • Open Homes have been held but the weather has been an issue

Weather Report:

  • Several days lost to inclement weather in and around Brisbane

Expected Completion Date:

  • Early to mid May

Expected Titles Issue Date:

  • As above

Investors will be paid their profit share when all units are sold under the terms of the IM to insure maximum returns are achieved.

MAY 2018