WQUARTER.COM.AU

DEVELOPMENT OVERVIEW

4

THE POINTCORP HOMES DIFFERENCE

6

MASTER PLAN

8

PARKS AND RECREATION

10

RETAIL

12

EMPLOYMENT AND EDUCATION

14

LOCATION

16

GREATER SPRINGFIELD

18

RICHLANDS SUBURB PROFILE

16

CONTENTS

PROJECT NAMEWest Quarter

DEVELOPMENT45 House and Land packages

LOCATION41 L i t t leton Road, Richlands

Developed by Partners in Property

and bui l t by Pointcorp Homes, West

Quarter In Richlands consists of

45 archi tectural ly designed house

and land packages. Every corner of

West Quarter has been thoughtfu l ly

craf ted and archi tectural ly designed.

With the c i ty to the north and golden

beaches to the south, West Quarter

of fers a t ranqui l l i fe amidst the

bust l ing metropol is of South East

Queensland wi thout compromis ing

on greenery and seclusion.

DEVELOPMENTOVERVIEW

*All house images are artist impressions and indicative only. Final product may be different to that shown and are subject to planning approval and design changes.

Clean modern colorbond flashings to front façades by use of hidden fixing details – no screws visible from street on cap flashings.

Core filled concrete block to Parapet walls on front façades. This achieves a clean solid face to render with no visible construction joints for a smooth consistent finish without compromise on strength.

Architecturally designed facades with unique landscaping.

y Feature entry door

y 2.59m cei l ing heights

y 40mm stone benchtops

y 600mm Blanco appl iances

y Free standing bath

y Ful ly rendered f i rs t level

external f in ish

y First f loor b lock construct ion

methodology

y Minimum $4,500 landscaping

package per house

y Custom designed feature

let terboxes

y Custom glazing (sash, larger

format panels and or louvers)

y External archi tectural facade

and mater ia ls

y Property maintance agreement

y Window furnishings included

y Custom designed estates

wi th Pointcorp Homes as the

exclus ive bui lder

THE POINTCORP HOMES POINTS OF DIFFERENCE

By the use of conventional construction methods mixed with modern techniques we have achieved a clean crisp unique finish.

By the use of conventional construction methods mixed with modern techniques we have achieved a clean crisp unique finish.

Step ins ide and exper ience

spacious inter iors designed

to capture natural l ight and

make you feel r ight at home.

Warm tones and high c lass

f in ishes create a bathroom

with ambience which br ings

a sense of re laxat ion.

Large, wel l -appointed

k i tchens combine to br ing

the ins ide and outs ide

together through generous

a l f resco areas.

Free f lowing generous l iv ing

areas come together to

ensure a l l l iv ing areas work

seamlessly together.

LIT

TLE

TON

RO

AD

N

West Quarter consists of 45 Exclus ive

House and Land Packages bui ld by

Pointcorp Homes wi th houses ranging

f rom 187m2 to 194m2. Every home

has been custom designed wi th 15

di f ferent facades.

MASTER PLAN

STAGE 1STAGE 2

12

1113

7 6

14

10

9

8

1

2

3

4

5

PARK

22

23

24

1819

20

21

17 16 15

ABIGAIL

AUGUST

BRIDGET

CLARA

CONSTANCE

ELLEN

FLORENCE

FRANCES

FRANKIE A

FRANKIE B

HEIDI

ISAAC

LUCINDA

SABRINA

TIAH

Richlands benef i ts f rom a number of

community parks and sport ing faci l i t ies which

cater to a var iety of recreat ional pursui ts .

Oxley Creek runs a longside Richlands

providing a large natural , green break a long

the suburb’s eastern boundary. The Oxley

Creek corr idor is current ly undergoing a

$100 mi l l ion t ransformat ion to improve i ts

accessibi l i ty and preserve i ts environmental

s igni f icance.

There are f ive parks s i tuated throughout

Richlands, the largest being the Greenf ie ld

Sports Complex Park. The Complex is

the focus of sport and recreat ion in the

community of fer ing rugby union, rugby

league, cr icket and soccer faci l i t ies in

addi t ion to pony c lub faci l i t ies , a b ikeway, an

of f leash dog park and a community hal l .

A number of other sport ing faci l i t ies and

c lubs are located wi th in Richlands including

the West Br isbane Tennis Centre,

PARKS AND RECREATION

The Richlands community have a

wide var iety of reta i l centres to

choose f rom. Richlands Plaza is

the pr imary reta i l centre for the

local community anchored by a

large Woolworths supermarket

and supported by food and

beverage reta i lers .

The Progress Corner convenience

centre, opposi te the Richlands Train

Stat ion of fers a convenience store,

hai rdresser and range of takeaway

food opt ions including Subway,

Domino’s and Hungry Jacks.

Neighbour ing Inala Plaza, contain ing

Aldi , Woolworths and more than

60 specia l i ty reta i lers is located 4

k i lometres f rom Richlands.

Mt Ommaney Shopping Centre is

s i tuated 7 k i lometres f rom Richlands

home to Kmart , Target , B ig W, Coles,

Woolworths and Aldi together wi th

170 reta i lers , professional serv ice

and medical providers .

RETAIL

Richlands is s i tuated wi th in one of

Br isbane’s leading industr ia l locat ions - the

South West Industr ia l Gateway. Coca-Cola,

Myer and Target are some of the largest

employers in Richlands each operat ing

dist r ibut ion centres out of the suburb.

Construct ion is underway on stage two of

the $850 mi l l ion Metroplex Westgate in

neighbour ing Wacol . Metroplex Westgate

spans 90 hectares is expected to employ up

to 10,000 workers on complet ion.

Future development wi th in Metroplex

Westgate wi l l del iver a range of community

fac i l i t ies inc luding 17 hectares of park land,

chi ld care, cafés, convenience reta i l and a

medical centre.

The town of Spr ingf ie ld is s i tuated 13

k i lometres f rom Richlands and is the largest

employment base in the south west .

EMPLOYMENT AND EDUCATION

MOUNT OMMANEY SHOPPING CENTRE

ORION SPRINGFIELD

INDOOROOPILLYSHOPPING CENTRE

RICHLANDS PLAZA

1KM

7KM

13KM

13KM

CBD

20MINS

SPRINGFIELD

12MINS

AIRPORT

30MINS

BROOKWATERGOLF CLUB

15MINS

GOLD COAST

45MINS

POINTS OF INTEREST

05

17

18

04

12

08

0120

02

21

15

16

14

11

22

0610

09

19

2407 03 2313

SHOPPING & DINING

01 Hotel R ichlands

02 Forest Lake Vi l lage Shopping Centre

03 Or ion Spr ingf ie ld

04 West f ie ld Garden Ci ty

05 Hungry Jacks, Domino’s Pizza, Subway & Cal tex

06 Mount Ommaney Shopping Centre

MEDICAL

07 Mater Hospi ta l Spr ingf ie ld

08 R ichlands Medical Centre

LEISURE

21 Forest Lake Parklands

22 Gai les Gol f Course

23 Brookwater Gol f Course, Restaurant & Bar

24 Robel le Domain, Water Park & Playground

EDUCATION

11 The Univers i ty of Queensland

12 Gr i f f i th Univers i ty, Nathan Campus

13 Univers i ty of Southern Queensland Spr ingf ie ld

14 St John’s Angl ican Col lege

15 St Mark’s School

16 R ichlands East State School

17 Forest Lake Pr imary School

18 Grand Avenue State School

19 Carole Park State School

20 Goodstar t Ear ly Learning Forest Lake

TRANSPORT

09 Richlands Bus & Train Stat ion

10 Br isbane Airport

Richlands is s i tuated 16 k i lometres

f rom Br isbane’s CBD with in the

western growth corr idor.

The suburb is wi tnessing a wave of

new development which is dr iv ing

populat ion and economic growth.

Residents of R ichlands enjoy a h igh-

level of connect iv i ty wi th greater South

East Queensland and are af forded

many opportuni t ies for act ive l i festy les.

Demand for housing wi th in Richlands

is s t rong wi th a recent wave of new

resident ia l townhouse developments

have been absorbed rapidly into the

market over recent years .

Detached houses are becoming

a rare commodity wi th only a

handful of new detached homes

in the pipel ine.

Accordingly, the suburb’s detached

housing market is performing st rongly

recording sol id l i f ts in both median

pr ice and weekly rents .

LOCATION

GREATER SPRINGFIELDAUSTRALIA’S NEWEST CITY

Greater Spr ingf ie ld is a l ready home to

over 34,000 residents and Spr ingf ie ld

Centra l is p lanned to provide

employment for 52,000 workers wi th in

a CBD contain ing more than 2.6 mi l l ion

square metres of commercia l , reta i l ,

educat ional , heal th and technology

faci l i t ies . With inf rastructure for

t ransport and fur ther construct ion

a l ready in place there’s so much more in

store for Spr ingf ie ld development .

Further Spr ingf ie ld development is

a l ready underway across the resident ia l ,

commercia l and heal th care sectors .

$12 Bi l l ion has a l ready been invested

across the whole of Greater Spr ingf ie ld ’s

inf rastructure and development wi th an

expected $85 Bi l l ion upon complet ion.

The Greater Spr ingf ie ld Town Centre

Concept Plan accommodates 22,855

resident ia l dwel l ings in the CBD.

Spr ingf ie ld Centra l is surrounded by

addi t ional res ident ia l development in

Brookwater, Spr ingf ie ld Lakes, Spr ing

Mountain , August ine Heights and

Spr ingf ie ld . With 32,000 al ready residing

here, a tota l populat ion of 138,000 is

expected for Greater Spr ingf ie ld

Detached houses in Richlands are increasingly becoming a rare commodity with only a handful of new detached homes in the pipel ine. Accordingly, the suburb’s detached housing market is performing strongly recording sol id l i f ts in both median pr ice and weekly rents.

POPULATION ANDDEMOGRAPHICS

At the time of the last Census the population of

Richlands sat at 3,598 having almost doubled since

the 2011 Census. Population projections for the area

are limited to the greater Richlands-Inala region which

shows that the population is expected to grow from

its current level of 19,008 to reach almost 39,000

by 2036. This growth in population is anticipated to

translate into demand for more than 6,800 new homes.

Residents of Richlands are typically high income

earners working in professional and community service

roles in the health and building industries. Census data

shows that the suburb’s median weekly household and

family incomes are at a premium to Queensland.

The area is a popular place to call home for families

and couples, which account for 54% and 23% of the

population respectively. Lone person households

make up a further 16% of households with group

/share households accounting for the remaining 7%.

The population is young in comparison to Queensland,

with a higher proportion of residents aged between 20

and 40. Consequently the suburb’s median age of 28

is considerably lower than the State’s which sits at 37.

Over recent years the suburb’s dwelling landscape

has seen an increase in the number of semidetached/

townhouses. In 2011 there were fewer than 190

semidetached homes within Richlands, representing

28% of all dwellings. By 2016 this number more than

tripled to reach 632 (or 59%) of all dwellings.

Accordingly, detached homes have increasingly

become a rare commodity with sales data

demonstrating solid increases in median price as

a consequence. Also consistent with this has been

growth in the number of homes containing three

bedrooms which has risen from 53% of all dwellings to

69% of all dwellings. Homes containing four or more

bedrooms has declined from 40% of all dwellings in

2011 to 25% in 2016.

INFRASTRUCTURE

Richlands is well-supported by quality road and public

transport infrastructure. The Ipswich, Centenary and

Logan Motorways link at Richlands providing direct

access to the CBD, Springfield, the Brisbane Airport,

Port of Brisbane and the Gold Coast.

The $400 million upgrade of the Ipswich Motorway

from Darra to Rocklea will see the motorway change

from 4 to 6 lanes which will significantly improve traffic

flow and travel time. The upgrade is jointly funded by

the Federal and State Governments with completion

due in 2020.

Richlands Station is a major public transport hub

serviced by a range of rail and bus routes and parking

for 650 cars. The Springfield/ Caboolture, Doomben

and Redcliffe Peninsula rail services operate from

the station, together with a number of TransLink

bus services ensuring residents have a high-level

of connectivity with major retail, employment and

education nodes. Travel time by train to the CBD is

30 minutes.

Brisbane City Council’s Neighbourhood Plan for the

future of Richlands has a focus on the development

of a new six-storey retail, commercial and residential

precinct adjacent to Richlands Station which will

become a central economic hub for the suburb.

Council’s plans also include the delivery of new

parkland, environmental conservation areas and

improvements to supporting local area infrastructure.

30%

25%

20%

15%

10%

5%

0%

POPULATION BY AGE – RICHLANDS VS QUEENSLAND

13% 14%

18%

13%12%

24%

13%

20%

14%

11%13%

8%

11%

4%

7%

2%4%

1%

0-9YEARS

10-19YEARS

20-29YEARS

30-39YEARS

40-49YEARS

50-59YEARS

60-69YEARS

70-79YEARS

80YEARS

Queensland RichlandsSource: ABS, Resolution Research – May 2018

2 12 months to March

RICHLANDS – DETACHED HOUSING FUNDAMENTALS 2014–2018

Sales volumes Median house prices

Source: ABS, Resolution Research – May 2018

$500,000

$450,000

$400,000

$350,000

$300,000

$250,000

$200,000

2014 2015 2016 2017 2018

RESIDENTIAL MARKETFUNDAMENTALS

Houses within Richlands are tightly held. Over the past

five years an average of only 21 houses per annum

have sold, representing only 5% of total housing stock.

The tightly held nature of houses within the suburb, in

the face of a growing population, has seen solid lifts in

the median house price over recent years.

Between 2014 and 20182 Richland’s median house

price has risen by an average of 5.2% per annum to

reach $470,000. In total, the median house price has

risen by $90,000 over this time period.

Richlands is a particularly popular address for renters

with rental households making up 64% of all dwellings.

The suburb’s detached housing market consistently

records a rental vacancy rate below 1% pointing to a

market in a state of undersupply. This strong demand

has underpinned rental growth with the median

weekly rent of a three bedroom house growing by

$20 per week and a four bedroom house by $25

per week over the past five years. Renters have a

preference for detached houses. The rental growth

recorded throughout the detached housing market has

outperformed the suburb’s townhouse market, which

has witnessed a decline of $5 per week in median

weekly rent over the past five years.

Gross rental yields throughout the suburb’s housing

market are favourable, averaging 4.9% across the past

12 months.

RICHLANDS SUBURB PROFILE