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Property Details

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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 at 10-14 Curwen Terrace is situated in the northern suburb of Chermside, located 9 kilometres north of the Brisbane central business district. It is one of Brisbane’s fastest developing suburbs and is often described as a mini CBD of Brisbane. It is an area characterised by a mix of residential, commercial and retail land uses, with low, medium and high-density residential complexes being developed.

The property is within close proximity to all necessary amenities including, retail, education, childcare, medical, public transport, sporting amenities and parks. It is conveniently located less than 800 metres from Westfield Chermside, the largest Westfield shopping centre in Australia. Other significant landmarks located within the general area include ALDI Chermside, Prince Charles Hospital, Holy Spirit Northside Private Hospital and several public and private, primary and secondary schools.

Public transport is also available within the immediate vicinity of the property, with the North Coast Railway Line situated 5 kilometres to the east, with various bus services operating along Hamilton Road. Therefore access to the property is made easy and direct via both public and private modes of transport.

The proposed development is a 7 level residential apartment project ‘Horizon on the Park’ and comprises 62 apartments (all with 3 bedrooms and 2 bathrooms) over a double basement with 84 car spaces available. The Borrower has achieved 29 qualifying pre-sales, equating to a debt cover of approximately 74 percent (excluding GST), and therefore, has met the loan’s initial drawdown pre-condition of a 60 percent pre-sale debt cover (excluding GST). A further condition for the loan is that a milestone of 100 percent pre-sale debt cover (excluding GST) is achieved by 30 June 2019. The penalty interest rate becomes applicable if this milestone is not met.

Chermside, QLD
10-14 Curwen Terrace
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 30 January 2020


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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.

Illustrative Information only: Case study figures are based on internal calculations over a projected period of time and are not necessarily a projection of future performance. Any examples or information provided in the case studies are for illustrative purposes and investors should therefore place no reliance on this content when making any decision to invest. The case studies do not represent a recommendation or Australian Unity’s view on future events, and in no way bind Australian Unity or its related entities.