Investors flock to Mackay from far and wide
April 24, 2013
Michael Chen, owner of NSW-based property investment consultancy Sydney Springfield, saw the potential in the Mackay market early on. He first invested in Rivermarque himself, purchasing two units, and has since tipped off his client base to the opportunity.
“My decision to recommend an investment in Rivermarque stems directly from the escalating market conditions I’ve observed in Mackay,” Mr Chen noted.
“The region has enjoyed strong historical growth in both equity and rents, but what’s more important is Mackay’s future. With massive increases anticipated in coal production and exporting over the next decade, Mackay has only just begun to show the value it can return for investors.”
Located in a range of areas from Beijing to Sydney, Mr Chen’s investors all share one common goal: a diverse portfolio, with strong return on investment. Mr Chen found this in Rivermarque.
“In my experience, a reliable developer equals a reliable product. For an off-the-plan purchase, this becomes even more important,” he said.
“When designing the Rivermarque property, Reed Property Group clearly put a lot of thought into investors’ point of view to achieve the highest possible rental return. Their formula is an intuitive one at heart, but not one we see often as investors: when the product suits the market, the market reacts well.”
Mr Chen said after sitting down to crunch the numbers, it became even more apparent that Rivermarque presented an ideal investment opportunity.
“The apartments offer a guaranteed high return of net seven per cent and their affordable price point translates into higher potential future growth and strong yields,” he said.
“Rivermarque is, simply, a set-and-forget type of investment. For me – and for my clients – that is exactly what we’re after.”
Nearly a third of the apartment homes in Rivermarque have sold to the local market, reflecting a vote of confidence in the project and its potential to generate maximum returns.
Investor Roland Taylor, a 20-year resident of the Mackay area, echoed the sentiments of Mr Chen.
“As an investor, I recognised Rivermarque as a smart way to get into the property market,” Mr Taylor said.
“I sought units that were priced appropriately and would sustain their value, particularly given the shortage of short-term accommodation in Mackay.”
“Rivermarque ticked all of the boxes for me as an investor: its CBD location; the financial security of Reed Property Group; and the strong reputation of the property managers, Oaks,” said Mr Taylor.
“Add it all up and Rivermarque is a good investment – but just as importantly, one that supports my local economy and helps give Mackay a bright future.”
Reed Property Group Sales and Marketing Manager Jason Kollanyi viewed Rivermarque’s international investor base and strong sales as a barometer for the longevity of Mackay.
“With the mining boom still underway, Mackay has a great deal of growing still to do,” Mr Kollanyi said.
“Such opportunity speaks volumes to investors, regardless of their language or hemisphere.”
Situated in the heart of Mackay’s CBD, with views over the Pioneer River, Rivermarque delivers modern accommodation standards to a high-demand market. Its 91 apartments — a combination of studios and one- and two-bedrooms — all feature at least one secure car park. On-site facilities include a gym, outdoor pool, spa and BBQ area, along with ground-floor retail and hospitality amenity.
Rivermarque apartment homes are available for purchase now, with construction due for completion in mid-2014. Studios start from $271,000 in Rivermarque. The remaining one-bedroom apartments are priced from $304,500, with two bedrooms from $391,500.
The Rivermarque sales office is open by appointment only; contact Jo Townsend on 1300 739 329 for residential enquiries.
For more information, visit www.rivermarquemackay.com.au.
Ends.
Media contact: Maya Gurry – Fresh PR & Marketing
P: 0410 109 102 E: maya@freshprm.com.au
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