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Project Information
A U R A 3 9 8 .C O M
Highlights
Aura ticks all the boxes for a perfect off the plan investment and owner occupier
opportunity. Secure your future and become part of a new era for the Canterbury Area.
ü High capital growth potential and high yielding, strong rental market.
ü Low vacancy rates in Canterbury.
ü Efficient and spacious, well designed unit layouts.
ü Located close to CBD with very strong infrastructure and amenities nearby.
ü Low outgoings (strata fees and rates), low maintenance.
ü Strong tax depreciation.
ü Good transport access with bus and train services.
ü Seasoned builder / developer with sound track record.
Address 396 - 398 Canterbury Road Canterbury 2193
Apartments 48 Apartments plus 2 Commercial
19 x 1 Bedroom plus Study
23 x 2 Bedrooms
6 x 2 Bedroom plus Study
Internal Size Range Msq 50sqm to 118sqm
(Excluding Balcony / Storage / Parking) 66sqm to 158sqm
Total Msq range (Excluding parking)
Price Range 1 Br + Study from $539,000
2 Br from $669,000
2 Br + Study from $739,000
Project Website aura398.com
Developer Landpearl (landpearl.com.au)
Exclusive Agent RRE Properties (rre.com.au)
Completion Estimate 2018
Deposit Required $1000 hold with 10% on exchange
Building Details 5 Level / 1 Lift
One Rear Communal Area
Double Basement parking
Special Offers
RRE Management Fee RRE offers a special 0% for 6 months to Aura investors
management fee with reduced 3.99% thereafter
5% Deposits For a limited number of apartments, 5% deposit is
acceptable on exchange with the remaining 5%
payable after three months
Additional Parking Additional parking may be purchased for selected units
Expected Rental Returns
(Based on comparable rentals April 2016) New apartments
1 Bedroom Plus Study $500-$550 per week approximate
2 Bedroom $600-$700 per week approximate
2 Bedroom Plus Study $700-$780 per week approximate
Strata Approximate Administration Fund Administrative Fund Per Annum, per unit entitlement $113.97 Per Quarter per unit entitlement $28.49 Sinking Fund Per Annum, per unit entitlement $13.57 Per Quarter per unit entitlement $3.39 Total Strata Fee Examples (Unit 6) 1 Bed Plus Study (Total Sq. exl Park 86.59sq) $510.15 Per Quarter (Unit 9) 2 Bed (Total Sq. exl Park 94.67sq) $669.57 Per Quarter (Unit 22) 2 Bed Plus Study (Total Sq. exl Park 117.58sq) $797.10 Per Quarter (Based on Netstrata Quoted Estimate March 2016) First Home Buyer Incentives and Grants First time home buyers in NSW are eligible for stamp duty concessions, plus a $10,000 government grant for newly built or off the plan properties. For further information please check with your solicitor or contact the Office of State revenue. Below are some calculations at various price points under the concessions. Property Price Stamp Duty Saving Government Grant Up to $550,000 $0 $20,240.00 $10,000 $560,000 $2,474.00 $18,216.00 $10,000 $580,000 $7,422.00 $14,168.00 $10,000 $600,000 $12,370.00 $10,120.00 $10,000 $620,000 $17,318.00 $6,072.00 $10,000 $640,000 $22,266.00 $2,024.00 $10,000 $650,000 $24,740.00 $0.00 $10,000 $650,000 to $750,000 Full stamp Duty Applicable – Government Grant $10,000 For more information please visit Office of state revenue: www.osr.nsw.gov.au
About Canterbury
Located in the magnificent city of Sydney, New South Wales, Australia,
the City of Canterbury is known for its many diverse cultures, friendly
people, exotic foods, great restaurants, and unique shopping experiences.
There are scenic parks, historical sites and an extensive range of sporting and recreational
facilities - Tasker Park, Canterbury Racecourse, and Canterbury Ice Rink just to name a few.
Major retail precincts include town centres in Campsie, Earlwood, Roselands Shopping Centre
and Canterbury Hospital is also a focus for associated medical facilities and services.
The City is geographically well placed, close to suppliers and services, and major transport
links including the M5 motorway, main roads, freight rail lines, Port Botany and Sydney
airport. The Sydney CBD is just a short drive or train ride away.
The Aura project is located approximately 10kms to Sydney’s CBD and 7.5kms to the airport,
Canterbury’s new town centre and railway is only 900m away.
Sydney
Sydney
Airport
University
Canterbury
Railway
Station
Canterbury ALDI
Park
Racecourse
Saint Mary
Mackillop
Reserve
Aquatic
+ Fitness Tasker
Centre Park
Olympic
Ice Rink
NEW
Town Centre.
Future retail, IGA
commercial and and Snap
food hub Fitness
including future
Woolworths
Demographics
Canterbury has brought about great opportunities for business and employment.
Through the Towards 2032 Economic Development and Employment Strategy the suburb is working
to encourage investment, support new and existing businesses, facilitate the development of a skilled
workforce, and enhance the functionality of our business precincts. The Canterbury City Estimated
Resident Population for 2015 is 151,746, with a population density of 45.21 persons per hectare.
Population Land Area Population Density
151,746 3,356 45.21
ABS ERP 2015 HECTARES (34KM2) PERSONS PER HECTARE
19.6% Maturing & Established Independence
18.7% Independent Youth
17.4% Established Couples & Families
12.0% Older Couples & Families
9.1% Older Independence
8.4% Maturing Couples & Families
7.8% Elderly Singles
3.4% Elderly Couples
2.4% Young Families
1.2% Elderly Families
Population Growth
Demographic shifts in population growth have 2001 136,684
been accredited as vital determinants of economic
growth as well as property market demand and 2006 134,824
supply fluctuations. The Canterbury resident
population while fluctuating between 2001 and 2011 145,088
2011 is expected to grow by 1,840 new residents
per annum, from 145,088 in 2011 to 181,850 in 2016 152,600
2031. Applied to the average household size in
the 2011 census this equates to 657 new houses 2021 161,900
required per annum to accommodate projected
demand. This increase in underlying demand could
2026 171,750
potentially underpin residential property in this
area over this time frame, as shown in the figure
2031 181,850
to the right. 1838 new residents per annum.
*Source: ABS Census
Urban Renewal
Canterbury New Town Centre public Domain Strategy / Cooks River Rejuvenation
Canterbury is currently undergoing vast urban renewal along the Canterbury Road corridor and
surrounding the new Canterbury town centre. This transformation is seeing industrial property being
replaced by residential and into a community-friendly precinct and hub. Heralded as the “new inner-west”
hotspot in Sydney property surrounded by parks, sporting facilities, railway, future retail, food
and commercial enterprises.
Canterbury Town Centre is located adjacent to Canterbury Railway Station, Cooks River, Canterbury Road
and is the gateway to Canterbury from the City. Underpinning this renewal is the Canterbury Councils
“New Town Centre Public Domain Strategy”. Infrastructure objectives of the new DCP include:
ü Reinforce the Railway Station status as the prime active transport interchange.
ü Redevelop the Riverfront district into an attractive vital and vibrant mixed-use
environment via a rich network of publicly accessible spaces and places.
ü Provide open space to serve the local community and facilitate connections to regional
open space.
ü Create an attractive waterfront along the Cooks River through the provision of
pedestrian and cycle ways, landscaped open spaces and opportunities for outdoor activities.
ü Strengthen and activate the pedestrian connections between the railway station and
new development.
ü Upgrade the lower section of Canterbury Road (river area) into a welcoming gateway.
*Source: Canterbury Council
Westfield, Burwood Canterbury
Park Racecourse
Campsie
Railway
Station
New
Canterbury
Town Centre
Canterbury
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Investment Market Outlook
Underpinned by relatively low rental vacancy rates, new urban
infrastructure and new apartment offerings, the average annual growth
for strata dwellings within Canterbury has outperformed the wider Sydney
Metropolitan market for strata dwellings over 10 years from March 2006
to March 2016.
The resilient median price point indicates strong underlying value within the Canterbury
residential property market, underpinned by a demographic mix that supports more
affordable dwellings compared to the Sydney average.
Captial Growth in Median Prices (Unit)
Canterbury Canterbury LGA
Period % Change % Change
2015 8.1% 8.7%
2014 8.2% 5.6%
2013 9.3% 20.3%
2012 13.9% 9.5%
2011 9.8% 7.3%
2010 0% 10.5%
2009 20.4% 11.8%
2008 -1.4% 2.8%
*Source: CoreLogic
Stylish, Contemporary
and Functional
Built to last, Aura combines both quality and functionality in these spacious
configurations
Sleek Kitchens Contemporary Bathrooms Comfortable Living Areas
Designer Bosche gas cooking, range Luxurious yet practical boasting Wooden floors
hoods, oven and dishwasher wall mounted vanity and floor to throughout boasting
ceiling tiles quality and contemporary feel
Neutral wood effect polyurethane Gorgeous polyurethane cabinetry Air-conditioning system
soft close cabinetry for premium with earth tones perfectly Large balconies with open vistas
feel complimenting both tiles and
glass shower screen
Stone benchtops for lasting quality Provisions for broadband and pay TV
Internal laundry with dryer included
For more information
contact exclusive agents
Contact Michael Michos from RRE Properties
9667 2868 | michael@rre.com.au | rre.com.au
A U R A 3 9 8 .C O M
Disclaimer This publication is not an opinion or representation
by or on behalf of RRE Properties or the developer Landpearl.
RRE Properties and Landpearl accepts no responsibility for
the content of the publication and any reliance upon it. This
report doesn’t not represent financial or investment advice
as the publication involves projections and assumptions
that can be affected by a number of unforeseen variables,
any investment decision must allow for the risk that, the
accuracy of the forecasts that may be affected by incorrect
assumptions or by know or unknown risks and uncertainties.
It must also be remembered that past performance is not
a reliable indication of future performance. The information
in the publication has been prepared without taking into
account your financial situation or investment objectives.
You should consider the appropriateness of the information
in regards to your current financial situation or needs. RRE
Properties and Landpearl does not accept any responsibility
for the accuracy or completeness of this publication for your
personal circumstances and you should take independent
advice before making any decision to invest.
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