SNAPSHOT

MARKET OPPORTUNITY - BIS Shrapnel chief economist Frank Gelber has labelled Cairns a "boom city", predicting the next five years through to 2020 will see "enormous" cyclical and structural economic shifts in Australia that will benefit tourism-dependent cities. " In five years, Cairns will be a boom town"

GAP IN MARKET WITH STRONG RENTAL DEMAND - There is no purpose built dedicated student accommodation close to Cairns CBD. Demand for accommodation in Cairns is very high with vacancy rates at 2 . 2%. All universities, colleges and other education establishments catering to overseas students (except for JCU Smithfield campus) are based in Cairns CBD and inner city area. 

STRONG CAPITAL GROWTH + YIELD POTENTIAL- Cairns property market on the Herron Todd White (HTW) property watch is on the 'rising market' cycle.  Conservatively Cairns property is estimated to continue to grow strongly at 6.5% per annum. Pembroke by MiHaven is a great investment opportunity with an entry price at $520,000 providing an estimated  net rental yield return of 9 . 3% per annum. (more details refer to Property Description pg 7.) 

FULLY MANAGED INVESTMENT - In order to take the hassle out of a northern investment, MiHaven (based in Cairns) will undertake management of the student accommodation including marketing to students, liaison with universities and other education establishments, rental / property management and any repairs, maintenance, cleaning required.

ABOUT MIHAVEN - MiHaven is a property development and construction company (including an  accredited training school focused on social impact outcomes) established by James and Sarah Mort, both with in-depth experience in building and property development. James a builder originally from Melbourne, has over 35 years' experience in the construction industry, whilst Sarah, a town planner/project manager has worked for multi-million dollar developers including Multiplex in Sydney and the Kuok Group and Harilela Hotel Group in Asia.  

MiHaven has been established as a social venture and works to create meaningful opportunities in the region. This has been evidenced since 2011 in work done in the indigenous construction program and post cyclone building projects. MiHaven was the Social Enterprise Awards Finalist for the 2015 Social Investment Award.

ABOUT SEFA - Social Enterprise Finance Australia (SEFA) established in 2011 and lead by finance professionals some of whom were previously with Macquarie Bank and NAB. Over the past 5 years SEFA has partnered with MiHaven in 4 successful property development projects in Cairns.

SEFA is the financial support partner for this project.

To download the full investment pack please click here.