Skip to main content

Property Details

Apply Now

Fixed interest rates ranging from

7.25% - 9.00% p.a.

Short term investments ranging from

1 to 24 months

Reinvest your earnings or have the

interest paid monthly

Property information

The property is located in Punchbowl, a well-established residential suburb in south-western Sydney. The property is situated 17 kilometres west of the Sydney CBD.

The suburb features a mixture of Federation, Art Deco and contemporary homes. More recently, parts of the suburb have been redeveloped, with apartments, townhouses and modern detached houses being built. Shopping facilities are located along the main retail strip of Punchbowl and major shopping centres are located at nearby Bankstown and Roselands.

The area is well serviced by a number of local and private schools as well as a number of parks and reserves. The M5 Southwestern motorway is located within close proximity. Punchbowl Railway Station is located 1.5 kilometres to the north east to the property and frequent bus services to the Sydney CBD and greater metropolitan area are available nearby.

The proposed six story development comprises three retail shops and 74 residential apartments including a common rooftop terrace area and a two level basement carpark. The residential component includes 12 studio apartments, 26 x one bedroom apartments, 12 x one bedroom + study apartments, eight x two bedroom + 1 bathroom apartments and 16 x two bedroom + two bathroom apartments.

Forty-one presales, comprising two retail and 39 apartments, have been achieved totalling approximately $17,433k (GST exclusive) and representing 74.15 percent peak debt cover. A further six pre sales (a total of forty-seven pre sales) are to be achieved no later than six months from initial drawdown.

#515
Punchbowl, NSW
1562-1568 Canterbury Road
Investment details
  • Interest rate(p.a.)
  • Loan to value ratio (max.)
  • Loan start date
  • Expected completion date
  • Initial debt coverage ratio
  • Updated debt coverage ratio
  • Undrawn loan amount

Estimated development progress as at 27 August 2019

100%
Enquiries

Apply Now

Important Information

The interests in the Australian Unity Select Income Fund ARSN 091 886 789 are issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No. 234454. Information provided here is general information only and current at the time of publication and does not take into account your objectives, financial situation or needs. In deciding whether to acquire, hold or dispose of the product you should obtain a copy of the Product Disclosure Statement (PDS) and seek professional financial and taxation advice. This information is intended for recipients in Australia only. Past performance is not a reliable indicator of future performance.

Interest rates, Loan to Value Ratios (LVRs) and investment terms are subject to a number of assumptions and risk that are detailed in the PDS and SPDS. Interest rates quoted are not guaranteed.