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Qld Affordable Housing Consortium Ltd

Qld Affordable Housing Consortium Ltd. STAKEHOLDERS CELEBRATION BREAKFAST. www.qahc.asn.au. 2010 HIGHLIGHTS 2,514 NRAS Approvals 33 sites under construction 115 new dwellings tenanted 4 sites fully tenanted and a further 7 have started tenanting.

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Qld Affordable Housing Consortium Ltd

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  1. Qld Affordable Housing Consortium Ltd STAKEHOLDERS CELEBRATION BREAKFAST www.qahc.asn.au

  2. 2010 HIGHLIGHTS • 2,514 NRAS Approvals • 33 sites under construction • 115 new dwellings tenanted • 4 sites fully tenanted and a further 7 have started tenanting

  3. Site works inspected by [former] Minister Plibersek – Tenanting for Stage 1 starts in Early 2011 31 x 1 & 2 Bedroom Over 55’s Apartments • Services and recreation on site • Bus service located 125 m walking distance • 12 km from Maroochydore CBD

  4. 2010 HIGHLIGHTS continued • Approved for NRAS in Queensland, NSW and Victoria • Over 500 Sales to Investors • 1,780 dwellings further submitted and under Assessment • Over 2,000 dwellings being prepared for further submission in Victoria, West Australia, South Australia and Queensland

  5. Quality in design and production 39 x 1-3 Bedroom Apartments – 36 NRAS now Pre-sold • 6 schools within 2 km, closest 500 m • Train service located 1.1 km from property • 1.5 km from Caboolture CBD

  6. CELEBRATING THE PEOPLE WHO ARE MAKING THIS HAPPEN • Land developers and building partners – from the nations ‘household names’ to the successful family enterprise • QAHC’s Strategic Partners in procurement and sales • Great Property Managers, both Non-Profit and Real Estate • Forward looking policy managers in some of our major Banks and credit unions, particularly Westpac, St George, Rams, NAB, Bendigo and MECU • Our Board, Staff, Consultants, Lawyers and Accountants

  7. CELEBRATING THE PEOPLE WHO ARE MAKING THIS HAPPEN – continued • Commonwealth and State Governments and a number of progressive Local Governments • Tenants and supportive communities • Industry bodies like UDIA, PCA, HIA and the Community Housing Federation of Australia….and of course:- • NRAS Investors – without whom there is no Market Based NRAS THANK YOU ALL FOR MAKING THIS HAPPEN

  8. All Sold –Tenanting now ! 28 x 4 Bedroom Houses • 12 schools within 6 km, closest 2 km • Bus service located 3.3 km to property • 3.4 km from Caboolture CBD

  9. WHAT QAHC NRAS MEANS • 2514 New Affordable Homes • Typical Annual Savings to Tenants of $4,500 • Total Savings to QAHC Tenants $11.3 million a year • $22.9 million per year in NRAS Tax Free Incentives to Investors

  10. Now under Construction in Gympie 44 x 1 Bedroom Units for Over 55’s to be tenanted early 2011 • 8 schools within 4 km, closest 100 m • Bus service located outside property • 2.6 km from Gympie CBD

  11. WHAT QAHC NRAS MEANS • 2514 New Affordable Homes • Over $900million of new residential development • Over 2,000 FTE construction Jobs created by QAHC investment [ estimate based on 2.5 FTE jobs per $1m invested]

  12. TOWNSVILLE - UNDER CONSTRUCTION

  13. Pimpama - Now Tenanting ! 31 x 4 Bedroom Houses • 8 schools within 10 km, closest 2.3 km • Train service located 2.5 m walking distance • 29.4 km from Gold Coast CBD

  14. QAHC CHAIRMAN GREETS [Former] HOUSING MINISTER PLIBERSEK WHO ANNOUNCES OVER 1500 NRAS ALLOCATIONS TO QAHC

  15. BRISBANE TOWNHOUSES – ALL SOLD AND TENANTED

  16. 2010 HIGHLIGHTS – TOWARDS A LONG TERM REGULATED AFFORDABLE HOUSING MARKET THE QAHC DIFFERENCE • 2 ATO Private Rulings improving certainty to Investors • ASIC Managed Investment Scheme Relief and compliant Disclosure Document • Owners Pack and standard sellers checklist • A 25% discount rent and Long Term Tenancy options for tenants

  17. Now under Construction in Cairns 24 x 2 & 3 Bedroom Villas to let in Mid 2011 • 9 schools within 2 km, closest 700 m • Bus service located 25 m walking distance • 5.5 km from Cairns CBD

  18. 2010 HIGHLIGHTS – TOWARDS A LONG TERM REGULATED AFFORDABLE HOUSING MARKET THE QAHC DIFFERENCE • Formal NRAS policy arrangements with Westpac, NAB, St George, Rams and MECU. Policy work being finalised with Bendigo and Adelaide • Group Insurance Scheme provides class leading landlord cover • Great variety in locations, building types and sizes.

  19. The WesternGrowth Corridor – Tenanting Now 30 x 4 Bedroom Houses • 5 schools within 6 km, closest 2.4 km • Bus service located 3 km from property • 6.9 km from Ipswich CBD

  20. Under construction now – meeting diverse needs- right in the heart of the town – 26 NRAS Pre-sold 26 x 2 Bedroom Apartments • 13 schools within 4 km, closest 500 m • Bus service located 700 m from property • 700 m from Caboolture CBD

  21. Growth Centre-Chinchilla-Tenanting Now 17 x 3 & 4 Bedroom Houses • 4 schools within 3 km, closest 1.9 km • Train service located 2.2 km from property • 2 km from Chinchilla CBD

  22. NSW- OVER 55’s INDEPENDENT LIVING – FULLY TENANTED

  23. Flinders StMelbourne Prospective Image • 263 Apartments in Total • 70 NRAS APPROVED – PRE-SALES UNDERWAY • 1 Bedroom • 2 Bedroom Google Map 20k • 1.1km from School • 0.3km from Transport • 1.1km from Flagstaff Gardens

  24. ONE OF QAHC FIRST PROJECTS – REDBANK - TENANTED

  25. Construction has started in Gladstone 60 x 2 Bedroom Units ready to let mid 2011 • 11 schools within 4 km, closest 1.3 km • Bus service located right outside door • 4 km from Gladstone CBD

  26. QAHC - Managing NRAS investments A fully managed investment Risk Managed income stream[NRAS does not facilitate guaranteed income] Tailor-made Group Insurance based on risk profiling – provides cash-flow payment in certain circumstances Performance based management with up to 2 weeks vacancy cover in any lease period Buying and selling Creating a strong diverse market of buyers and sellers Normal Bank repossession provisions Owner Right to sell out of NRAS Option to sell to another investor with NRAS intact Getting the basics right Good locations and associated infrastructure & diverse portfolio Strong and diverse tenant pool & tenants financially incentivised Standardised performance based property and tenancy management, with a focus on creating strong, mixed income and stable neighbourhoods

  27. TOWNSVILLE – NOW LETTING

  28. Frequently Asked Questions • Normal market valuations • Bank lending policy emerging on asset class • Bank powers & repossession rights as normal • LMI – Genworth will insure ‘Mom and Dad’ investors and take NRAS income into account • A National approach and institutional strength product designed by way of the Non Entity Joint Venture Head Lease & Secure Income Stream Delivery • Access to NRAS market through wide range of distribution channels • Owners can enter and leave the Scheme as a ‘market’ • ATO has a clear position on QAHC Model and investor Tax-Free entitlements

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