Austral Development Fund
Kelly Street
Austral, NSW
The Fund invested $5.155m of preferred equity into the development of “Eadenwoods”, a land subdivision project located in Austral, south-western Sydney. The development involved the acquisition of three parcels of land in Kelly Street, Austral, totalling 8.095 hectares, to be subdivided into 140 residential lots ranging in size from 280sqm to 526sqm.
The Fund provided Investors with an opportunity to partner with Vantage Property, an experienced Developer with a strong track-record in delivering residential projects in south-west Sydney. The rapid population growth and strong residential sales, underpinned by ongoing investment in infrastructure, provided a strong basis for the investment. The contribution of preferred equity provided investors with a priority return over a period of approximately 12 months.
| Fund Status | Project completed and Fund Closed |
| Project | “Eadenwoods” - 140 land-lot subdivision |
| Fund Term | 13 months |
| Equity Raised | $5.155m |
| Investment Structure | Preferred Equity via Closed-End Unit Trust |
| Investor Return on Equity | 26.0% (20.6% Forecast) |
| Investor Internal Rate of Return | 20.8% p.a. (18.5% p.a. Forecast) |
