LAUDERS CREDIT FUND Invest in Australia s largest and most robust house and land market with an experienced partner GROUP
Lauders has a long history in Melbourne s house and land market ESTABLISHED IN 1974, THE LAUDERS GROUP HAS 40 YEAR S EXPERIENCE IN MELBOURNE S LAND SUBDIVISION INDUSTRY Key personnel within the Lauders Group have an extensive track record in the delivery of new housing estates in Melbourne s growth corridors and have a diverse range of skills and qualifications including sales and marketing, civil engineering, urban planning, housing construction, accounting and business management. Members of the Lauders team have: 2000+ DELIVERED MORE THAN 2000 RESIDENTIAL LOTS UDIA WON AN URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA (UDIA) AWARD (2013 BEST RESIDENTIAL SUBDIVISION, VICTORIA 250+ LOTS) $165m+ PROJECTS WORTH MORE THAN $165M UNDER MANAGEMENT
LAUDERS IS A FULLY INTEGRATED PROPERTY DEVELOPMENT AND REAL ESTATE SALES COMPANY OFFERING END-TO-END PROPERTY SERVICES INCLUDING: PROJECT ACQUISITION Sourcing, feasibility and due diligence APPROVALS Planning and engineering PROJECT MANAGEMENT Civil and landscape construction supervision SALES AND MARKETING Licensed real estate sales services DWELLING CONSTRUCTION Complete house and land packages PROPERTY MANAGEMENT Rental supervision
AUSTRALIA S HOUSING STOCK IS DOMINATED BY DETACHED DWELLINGS ON INDIVIDUAL BLOCKS OF LAND LOCATED IN THE SUBURBS OF OUR MAJOR CITIES House and land is Australia s traditional form of housing This pattern reflects a long standing and deeply rooted cultural tradition known as The Great Australian Dream. Australia s iconic way of life and high standard of living are interwoven with a belief that home ownership can lead to a better life and financial independence. This traditional form of housing has been supported and encouraged by all levels of Australian government for many years in the form of tax concessions, grants and infrastructure investment.
LAUDERS CREDIT FUND OFFERS INVESTORS THE OPPORTUNITY TO PARTICIPATE, VIA A LOAN STRUCTURE, IN A PORTFOLIO OF MELBOURNE REAL ESTATE PROJECTS Lauders Credit Fund lends to Melbourne land subdivision projects targeting 10% p.a. returns paid quarterly Key features of the fund include: REGULAR INCOME The Fund aims to provides investors with a steady income stream. 1 AGGREGATION OF FUNDS Pooling funds with other investors enables the Fund to target larger and more varied loan investment opportunities. REPORTING AND TRANSPARENCY Lauders Capital will provide regular investment updates and the Trustee will provide annual unitholder and tax statements. These reports allow investors to view the details of their investment and the costs and returns of investing through the Fund. PROFESSIONAL MANAGEMENT AND ACCOUNTABILITY The Fund is managed by a team of experienced financial services professionals with property experience and overseen by an independent Trustee to ensure compliance with relevant governance requirements. TAX EFFECTIVE As the Fund will be generating interest income, non-resident investors may only be subject to a 10% Australian withholding tax. 2 GOVERNANCE The Fund has an independent Trustee who ensures the Fund operates in accordance with the Trust Deed and Australian laws. An investment committee also provides oversight on the investment decisions. DIVERSIFICATION Loan investments may be made across a range of projects which offer different risk profiles in terms of location, loan term and the security offered. CRAIG BASS MANAGING DIRECTOR FRAN LI MANAGER - INTERNATIONAL
Melbourne is Australia s preeminent house and land market THE STRENGTH AND STABILITY OF TRADITIONAL HOUSE AND LAND PACKAGES HAS BEEN PARTICULARLY NOTABLE IN THE STATE OF VICTORIA AND ITS CAPITAL CITY MELBOURNE is Australia s largest and most robust market for new housing estates the number of lots released in Melbourne is nearly 2.5 times that of Sydney and more than 1.7 times that of South East Queensland (Source: UDIA 2016). This is because Melbourne is surrounded by easily developable land, has a relatively streamlined and well-resourced approvals system and attracts the largest share of Australia s population growth. Source: Australian Bureau of Statistics (Cat: 8731) 3500 DWELLING APPROVALS 3000 2500 2000 1500 DETACHED HOUSES HIGHER DENSITY HOUSING 1000 Sept 2011 Nov 2011 Jan 2012 Mar 2012 May 2012 Jul 2012 Sept 2012 Nov 2012 Jan 2013 Mar 2013 May 2013 Jul 2013 Sept 2013 Nov 2013 Jan 2014 Mar 2014 May 2014 Jul 2014 Sept 2014 Nov 2014 Jan 2015 Mar 2015 May 2015 Jul 2015 Sept 2015 Nov 2015 Jan 2016 Mar 2016 May 2016 Jul 2016 Sept 2016 Melbourne s land prices are a consistent performer Melbourne has maintained the highest rate of growth in median land prices over the last 10 years and has also performed extremely well in the last 12 months. CITY MEDIAN PRICE 12MTH CHANGE 10YR CHANGE Sydney $422,000 12.5% 3.2% Melbourne $255,000 13.9% 6.3% Brisbane $229,000 2.6% 2.8% Adelaide $205,000 1.5% 4.7% Perth $284,000 7.4% 2.6% Hobart $160,000 20.3% 5.4% Source: CoreLogic https://www.corelogic.com.au/news/capital-city-land-prices-continue-to-climb
Further Growth Potential Melbourne maintains a major affordability advantage over other Australian cities. In late 2016, a median priced lot in Melbourne s growth corridors was almost $50,000 cheaper than the National average and more than $190,000 less than Sydney/Woolongong/ Newcastle. Consequently, Melbourne has significant scope to maintain its pattern of sustained, long term growth in the house and land market segment. VICTORIA S PROJECTED POPULATION GROWTH LAUDERS CREDIT FUND PROVIDES LOANS TO AUSTRALIAN DEVELOPERS FOCUSED ON: BROAD ACRE DEVELOPMENT HOUSE AND LAND PACKAGES MEDIUM DENSITY PROJECTS 2.2m Victoria s regions 2051 1.5m Victoria s regions 2015 10.1 million 7.9m Projected Victorian population in 2051 Metropolitan Melbourne in 2051 4.5m Metropolitan Melbourne 2015 Source: Victoria in Future 2016 MEDIAN LOT PRICE FOR VACANT SERVICED LOTS IN GREENFIELD AREAS 3RD QUARTER 2016 Adelaide $166,600 Melbourne $228,000 Perth $231,000 Brisbane/SEQ $265,500 National Median $277,362 Canberra $360,000 Sydney/NSW $420,000 $ $125,000 $250,000 $375,000 $500,000 Source: MPA analysis of CKC Research 4 National Land Survey Program Victorian Planning Authority
FOR FURTHER INFORMATION PLEASE CONTACT: Fran Li MANAGER - LAUDERS INTERNATIONAL M +61 477 894 563 P +61 3 9639 4705 E fran@lauders.com.au A 5/63 Exhibition Street Melbourne VIC Australia 3000 1 The Lauders Credit Fund targets a fixed, net return to investors. It is not a forecast and not guaranteed. 2 Individual investor s tax situations may vary and investors should seek professional advice in relation to their specific circumstances. DISCLAIMER: Lauders Capital Pty Ltd ACN 129 715 009, a corporate authorised representative (No. 1243421) of Specialised Investment and Lending Corporation Pty Ltd ACN 149 520 918 AFSL 407100, is the investment manager of the Lauders Credit Fund (Fund). Vasco Investment Managers Limited (Vasco) ACN 138 715 009 AFSL 344486 is trustee of the Fund. To invest in the Fund you need to be a wholesale client as defined in s761g of the Corporations Act. The information provided in this document is not financial product advice and has been prepared without taking into account your investment objectives, financial circumstances or particular needs. You should read the Information Memorandum for the Fund in full to consider whether an investment is appropriate for you. We strongly recommend that you seek your own professional financial, taxation and legal advice prior to any investment decisions. GROUP