Blue Sky Real Estate Focus
The focus is to be long term holders of Australian residential property. The type of property we are focusing on is affordable (AUD$250,000 - AUD$400,000) with high rental yields (5% - 6% gross) and low vacancy rates in areas with strong population growth and low new dwelling starts.
The two areas we have identified for the next 24 months that fit our investment criteria are South East Queensland and Townsville. These regions have strong population growth, large Government capital expenditure, historically high rental yields and low vacancy rates.
Summary of Current Projects
The following developments are currently underway:
 Location:
 Douglas, Townsville, Queensland
Gross Realisation:
AUD$35 million
Anticipated Project Timeframe:
November 2011 – December 2014 |
Project Description
110 apartments in a mix of 1 and 2 bedroom styles |
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Location:
Eight Mile Plains, Brisbane, Queensland
Gross Realisation:
AUD$15 million
Anticipated Project Timeframe:
July 2011 – December 2012 |
Project Description
38 luxury designer apartments in a mix of 1, 2 and 3 bedroom styles |
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Location:
Condon, Townsville, Queensland
Gross Realisation:
AUD$25.4 million
Anticipated Project Timeframe:
June 2010 – December 2011 |
Project Description
70 apartment complex with a mixture of 2 and 3 bedrooms |
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Location:
Belgian Gardens, Townsville, Queensland
Gross Realisation:
AUD$35.5 million
Anticipated Project Timeframe:
June 2010 – December 2012 |
Project Description
98 apartment complex with a mixture of 1, 2 and 3 bedrooms |
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Location:
Beenleigh, Logan City, Queensland
Gross Realisation:
AUD$12.5 million
Anticipated Project Timeframe:
June 2010 – August 2011 |
Project Description
41 apartment complex with a mix of 1, 2 and 3 bedrooms |
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