The Group’s established discipline is property development with experience in both residential and commercial projects. Our specialty is residential land development, having created over 5000 allotments and more than 8000 house and land packages.
The Group are currently developing four estates in Australia, being two in Queensland and two in Victoria. Current approvals permit over 1000 lots in the next 2 – 3 years on these estates. We are looking to increase our land bank to 10,000 allotments by 2015. From these estates we produce affordable housing in proximity to the main CBDs where house and land prices can be maintained under the median house price for that capital market.
Pimpama Rivers Estate is a 1000 lot estate with 650 lots currently completed in the Brisbane to Gold Coast corridor in Queensland.
The Group has established three special purpose vehicles, being unlisted public companies to purchase further land parcels for development of allotments to supply Custodian Wealth Builders. The SPV consists of shares purchased by investors with forecast returns of approximately 20% per annum with a 3 – 4 year horizon.
Custodian Land indentified 200 – 500 lot estates that meet the Custodian criteria and were able to purchase sites from developers unable to raise finance in today’s banking environment.
Our goal is to search out similar land development parcels in 2011 – 2015 and grow the land bank to over 10,000 allotments. The National Housing Supply Council currently identify a shortage of housing in Australia of 178,000. They forecast this will increase to over 300,000 by 2015 and 600,000 by 2066.
Retirement
A landmark site on Queensland’s Gold Coast marks the Group’s key asset to develop over the next 10 years. Nearly 25% of Australia’s workforce will retire over the next 10 – 20 years and Cypress Gardens Development is looking to create Australia’s premiere retirement community of over 1000 apartments plus 20 Ha of recreational gardens and activities within 4 kms of the beaches, casino and major shopping centres.
The Group have lodged development application with the Gold Coast City Council for 1100 apartments and are working with the Council on details to satisfy their requirements.
Property Investment
Custodian WealthBuilders is a wholly owned subsidiary of the JLF Group - one of Australia's most respected property investment specialists. Custodian WealthBuilders was launched in 1997 by John Fitzgerald to create a repeat purchase program for professional Australians who wish to build an investment property portfolio to build wealth.
Custodian WealthBuilders has created many hundreds of millionaires, as well as delivering educational products and investment seminars around the country. It buys and sells more than 500 to 1,000 properties per annum.
The premise is founded on John's best selling book Seven Steps to Wealth, now in its sixth edition. The thesis of the Custodian model is that house prices in Australia double every seven to ten years and using tax benefits of negative gearing, a person on an income of $100, 000 per annum can purchase one home and then use the growth in that home to add further homes over a ten year period.
If the median house price increases by 8% per annum and the investor buys six homes over a ten year period, in year 12 they will have net assets of $2.992 million and a positive cash flow of approximately $60,000 per annum.
Custodian has more than 3,000 clients, many of who have purchased multiple properties. We have created more than 243 millionaires being investors who have purchased between 6 and 19 homes using their equity growth. Custodian sales ability has underpinned the profit and reputation of the group during the GFC. The Group were able to sell and settle over 500 allotments per year during 2007 /2008/ 2009/ 2010.
Custodian deals with Australia's major land developers who supply them with lots, and also source product from its own developments.
Finance
The Group established its own mortgage broking business Investloan in 2000. Investloan offer clear, no-nonsense advice, on structuring and selecting investment loans that assist buyers using the Custodian program with finance for their investment property purchases.
In 2010 financial year the group settled $196 million in loans and maintain a book of approximately $750 million growing exponentially by over $200 million per annum.
Having a finance arm is imperative to volume borrow and provide a differential during the GFC where other developers and sales organisations experienced sharp downturns in sales and settlements due to the finance landscape changing. Investloan, because of its expertise and track record were able to increase market share and ensure a continuum of funds for clients.
Investloan are Accredited Mortgage Consultant/Brokers with the MFAA (the Mortgage and Finance Association of Australia), the governing body of Mortgage Brokers in the country. They are accredited with the Australian Finance Group, giving them access to over 30 lenders Australia-wide. They are also directly accredited with other lending institutions. But they are independent from all the lenders they use - so they can choose the best loans for your needs and plans.
Custodian Financial Planning partner with clients to deliver successful, tailored risk and retirement financial solutions over the long-term. They offer clients clear insights and comprehensive tailored financial solutions to ensure their financial strategies remain consistent with changes in their circumstances, legislative updates and product enhancements. |