 Secure Your Future
In Queensland's Own Hunter Valley!
Oasis Estate is situated in the heart of the South Burnett - Queensland's
newest wine region, which is located just a little over 2 hours drive
from Brisbane's international airport.
Pegasus Finance and Land's first projects were developed in the South Burnett
in the early 1980s. But the true potential of this region finally started
to flower after the McCarthy Report produced in the early 1990s indicated
that the climate is ideal for wine growing.
Since then the Queensland State Government has acted on this report and shown
its genuine long-term involvement by appointing a Minister for Wine. There
are now approximately 15 cellar doors and wineries in the region and
some 40 to 50 grape growers assisting the supply.
The area was declared an official wine region with its own geographic
indicator in the mid-1990s, and signs welcoming visitors to this declared
area were posted on all major access roads by the Dpt. of Main Roads in 2006.
 Kingaroy:
The Regional
Capital Of The South Burnett
Kingaroy Shire has a population of around 13,500 and Kingaroy township
- the regional capital of the South Burnett - has a population of around
8,000.
The town has modern schools, a public hospital and a newly upgraded private
hospital. It also has branch offices for most State Government departments
and is the site of a planned regional convention centre (which is expected
to be built in the next few years).
Kingaroy has its own regional shopping centre, with several more being built
to accommodate demand. It also has a cinema, bowling alley, art galleries,
museum, public library, RSL, bowling club, restaurants, cafes and four hotels.
A winery and gourmet cheese factory are located in the town's centre and
there are several other wonderful cellar doors within a short drive of the
CBD, as well as an airport.
Kingaroy is probably best known as the peanut capital of Australia but it's
also famous for the production of navy beans, sorghum, barley, wheat, beef
and dairy cattle and piggeries. The area now also draws increasing numbers
of tourists, with visitor numbers rising an average 10% per annum
each year since 2001. In addition, the town is only a little over two hours
drive from Brisbane, Toowoomba and the Sunshine Coast.
Photo above: An aerial view of the Oasis Estate development in
Kingaroy.
Oasis Estate In A Nutshell
Development approval for the first 42 residential blocks in the Oasis Estate
was obtained on the 22 July 2004. Each block has an average size of
800m².and both Stage 1 and Stage 2 of this
development sold out completely (at an average price of between $110,000
and $120,000 per site) soon after they were released in 2007. Stage 3
was also sold out on expressions of interest in early 2008.
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Several factors make this development very appealing to astute property
investors:
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There's a severe shortage of residential land in this township as
well as an enduring shortage of rental accommodation
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In recent years there's also been a significant increase in new settlers
to the area, who are cashing out of Brisbane and the Sunshine Coast and making
a "tree change" for a better quality of life
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The town and region have a secure and diversified economic base with
very low levels of unemployment and an ongoing shortage of skilled
professionals and trades people. The 2000-2007 drought has had almost nil
effect on the town, which has actually grown throughout this period.
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Historically, the highest demand for properties in the township has
been for high quality three and four-bedroom homes, making future resale
relatively easy to accomplish
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Oasis Estate prices are roughly half the price of comparable quality
properties in Brisbane and the Sunshine Coast, making them highly attractive
(and affordable) to both retirees and young couples
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The Queensland State Government's own south east Queensland development policy
is to push new settlers west of Brisbane and to constrain or reject
all future developments to the north or south of the State capital
The full Oasis Estate will consist of 195 residential lots along with
77 commercial and light industry sites. A walking access bridge will connect
the residential development to the adjacent community. The estate itself
is within walking distance of the town centre shops and is opposite the Taabinga
Primary School, with the Kingaroy College of TAFE campus adjoining the southern
end of the project . The town's light industry area is located on the western
boundary.
Investors in this project will be protected by a registered building covenant
and Oasis Estate residents will be provided with a number of “Oasis
Points” which will include a tennis court, swimming pool
and BBQ area, fenced and only accessible by key, for social and personal
relaxation. A Body Corporate structure will be put in place for the upkeep
of these 4 to 5 developer provided amenities.
Stage 4 house and land packages will soon be released at prices ranging
between $339,950 (200.4m²) and $375,000 (222m²) for
4 bedroom homes, fenced and turfed. Expected rental returns are approximately
$300 to $400 weekly. Duplex/Townhouse sites will be limited in the project,
but will provide the ideal country retirement spot for those looking to downsize
from the family home.
How To Secure Your Own
Oasis Estate Purchase
Foreign Investment Review Board Approval in Australia has been given to the
Oasis Estate project and currently a maximum sale of 50% of these
properties is allowed to overseas buyers.
At present - for off-site buyers - we'll accept a $1,000 inspection fee to
fly you from anywhere in Australia to view the site prior to an agreement
to purchase the land. Upon signing of the contract, a 10% deposit will
be required. This will be held in the trust account of Gayler & Company
Solicitors, with settlement required 14 days after titles are produced from
the Queensland Titles Office.
On 17 May 2008 the South Burnett Regional Council sealed the land plans and
the developers lodged them with the Titles Office on the same day. Enquiries
are now being accepted off the plan for the 18 lots that comprise
Stage 4. Developer approval will be lodged by 31 May 2008.
House and land packages will be provided to purchases on 2 contracts: one
for the land with the vendor company, and one with a licensed and developer
approved builder.
Additional Information
About Oasis Estate
In addition to the summary details given above, you can also obtain extra
information about Oasis Estate here in Adobe PDF format.
This includes the Oasis Estate Master Plan and Stage 1 plans; conceptual
drawings of some of the house designs being offered (along with a list of
standard inclusions in each property); and a current Oasis Estate price list:
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PRESS RELEASES
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