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Term
Interest Rate:
(variable, Linked to RBA Cash Rate)
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Investment Summary
Ooralea Waters is a large-scale master-planned community about 8–10 km south of the Mackay CBD. The estate is expected to deliver around 2,500 residential lots across multiple stages.
The Facility will fund civil construction of Stage 8 (54 lots) and Stage 5F (22 lots), along with a new Bruce Highway intersection that gives the estate direct highway access. 76 of the 77 residential lots in the current stages were pre-sold before construction began, with contracted sales totalling $18.74 million (incl. GST).
Mackay has a diversified $26.3 billion economy underpinned by mining, agriculture and tourism. The residential vacancy rate is around 1.4%, and recent land releases at Ooralea Waters sold quickly. The Queensland Government has committed more than $70 million to housing infrastructure across the region.
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