Established in 1972, Mirvac is a leading brand in Australian property, dedicated to reimagining urban life to consistently deliver innovative and high quality apartments and communities. Mirvac Queensland has a range of investment opportunities showcasing the premium quality that Mirvac is renowned for.

MIRVAC QUEENSLAND TRACK RECORD

Property Turnover

Tenants stay longer in Mirvac’s developments - this results in fewer property turnovers and lower than average market vacancy rates.1

Rental Return

Rental returns on Mirvac apartments throughout inner Brisbane are, on average, at a premium to their counterparts.1

Rental Yield

Long term gross rental yields of Mirvac apartments in Brisbane have averaged +5%, considerably higher than the 4% average.1

Growth Suburb

Gainsborough Greens is located within the suburb of Pimpama which was recently identified as the number 1 growth suburb in Queensland.2

Market Share

Gainsborough Greens recently achieved over 30% market share within the highly competitive northern Gold Coast corridor.3

The ownership profile of Mirvac’s residential apartment developments is typically weighted heavily towards the owner-resident.  Therefore, in comparison to the bulk of inner-Brisbane’s apartment developments, the volume of units in the rental pool is limited.

The limited rental availability is also heavily influenced by the fact that tenants are staying in place longer within a Mirvac developments than following the typical “shift to new” trend exhibited by the broader rental market.  The longer tenure time results in fewer property turn overs and lower than average market vacancy rates.  For example, the rental vacancy rate across Mirvac’s Newstead developments currently sits at 1.8% compared with the 5.6% being recorded throughout broader Newstead.

The Resolution Research research study also showed that rental returns on apartments developed by Mirvac throughout inner Brisbane are, on average, at a premium to their counterparts.  Gross rental yields being achieved within Mirvac’s apartment developments vary greatly contingent upon the time of development completion.  However, a cross-section of data across six of their benchmark developments shows an average gross return of between 7% and 9% which is considerably higher than the 4% average recorded throughout the broader market.