DOREEN

SUBURB PACK

Stylish design,unbeatable

service, attention to detail

& outstanding value

CONTENTS

Introduction

Map of Suburb Location

Fast Facts

Doreen Virtues

Doreen Precinct

Melbourne

Victoria

Mineral Energy

Local Industry

In The News

Projects

Shopping

Education

Map of Suburb Location

Amenities Distances

0 0 30 0 40 0 50 0 60 0 70 1 40 1 50 1 80 1 90 2 20 2 90 3 10 3 2

0 3 4

0 3 3

30 0DOREEN

INTRODUCTION TO DOREENDoreen is a suburb of Melbourne, Victoria, Australia, 26km north-east from Melbourne’s Central Business District. Its local government areas are the City of Whittlesea and the Shire of Nillumbik. At the 2011 Census, Doreen had a population of 11,276.

The area contains three private schools (Ivanhoe Grammar, Plenty Valley Christian College and Acacia College), a primary school, a community hall and a CFA fire station.

Doreen is unusual in that the eastern portion in the Shire of Nillumbik remains rural, being contiguous with the rural localities of Yarrambat and Nutfield. The western portion in the City of Whittlesea is contiguous with the suburbs of Mernda and South Morang and suburban development has proceeded. Yan Yean Road separates the two portions.

Doreen is very green and quite hilly and is surrounded by the foothills of the Yarra Ranges to the east and north and the forested banks of the Plenty River to the west. As part of it being on the urban fringe it has a wide variety of animal life including bird life. To the north is Yan Yean Reservoir, which is the oldest reservoir in Melbourne.

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Melbourne

Moe

Ballarat

Ararat

HorshamBendigo

Seymour Mt Hotham

Geelong

0 300

Kilometres

DOREEN

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Nature of occupancy

71.38%

12.33%

Owned with a mortgage

Rented

14.55%Owned outright

FAST FACTS

Family Statistics

17.33%

11,276

Gross rental yield

4.14%

26.48%

12.49%

61.03%Married

Defacto

Not Married

<12 13-19 20-39 40-59 60+

26.99%

7.67%

36.38%

21.61%

7.95%

Median age of people

Gross rental yield

5 year growth

Sources: myboot.com.au & www.yourinvestmentpropertymag.com.au as of September 2013. Colliers International December 2013.

Population in 2011

Median household income for Doreen was recorded at a high $1,793 per week, $518 per week higher than the LGASource: Chart Prepared By Colliers International, ABS Census 2011 ”“

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DOREEN VIRTUES CONSIDERED SIGNIFICANT BY EXPERTS IN PROPERTY INVESTMENT:

1. RIPPLE EFFECT Property booms often begin with the inner- city suburbs. As prices rise, they become unaffordable for many buyers - who seek less expensive property nearby. The growth, therefore, ripples out - and continues to do so until it reaches the outskirts of the city.

2. TRANSPORT INFRASTRUCTUREA direct route to the city is considered a valuable asset when it comes to infrastructure.

3. URBAN RENEWAL AND GOVERNMENT DECISIONSState Governments or Local Authorities can transform areas through policy decisions or targeted action.

The Australian Government is providing Incentives to:

n Increase the supply of affordable rental dwellings in Doreen;

n Reduce rental costs for low to moderate income households; and

n Encourage large scale investment and innovative delivery of affordable housing.

DOREEN PRECINCT

KEY DEMOGRAPHIC FEATURES In Doreen:

n The precinct population is expected to experience significant population growth over the next two decades; by 2036 the population is forecast to be 26,785 (an increase of 8,776 persons or 48.7%).

n Approximately one quarter (24.9%) of Doreen residents is under the age of 11 years and one quarter (24.7%) aged between 35-49 years.

n The birth rate for the precinct is the highest in the municipality, with an estimated 432 children born in 2014, or 8.3 births per week.

n Less than one in six Doreen residents were born overseas, which is around half the rate of residents born overseas for Greater Melbourne (14.5% and 31.4%, respectively).

n A notably smaller proportion of Doreen residents speak a language other than English at home compared with Greater Melbourne (10.9% and 29.1%, respectively).

n Residents who speak a language other than English are more likely to speak Italian, Greek, Macedonian and Arabic (2.1%, 0.9%, 0.8% and 0.5% of the total population, respectively).

n More than half of all Doreen households consist of couples with children, a considerably higher rate than for Greater Melbourne (51.5% compared with 33.6%).

n Residents experience low levels of socio-economic disadvantage with one of the highest SEIFA IRD rankings in the state (Doreen is ranked 1,451 out of 1,516 Victorian suburbs).

n Residents of Doreen have the highest median total household weekly income in the municipality at $1,793, which is 26% higher than for households in Greater Melbourne ($1,333).

n Resident households of Doreen have the highest median monthly mortgage repayment in the municipality at $2,167; 16.5% higher than for Greater Melbourne.

n Notably fewer Doreen residents participate in the labour force (54.9% compared with 62.5% for Greater Melbourne); however more residents who are participating in the labour force are employed (97.3% compared to 94.5%, respectively).

n Doreen residents who are unemployed are more likely to be looking for part-time work rather than full-time work (1.5% and 1.2% of the labour force, respectively).

n The most common occupations for Doreen residents are technician and trades workers and professionals (18.1% and 19.5%).

n There are more Doreen residents working in the construction industry than any other industry (15.3%, almost twice that for Greater Melbourne, 8.2%).

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DEMOGRAPHIC SUMMARY

TABLE 1. DEMOGRAPHIC SUMMARY FOR DOREEN (SUBURB), 2011

Demographic Summary Doreen Greater Melbourne

Median age 30 years 36 years

Gender - Females:

Males:

50.4%

49.6%

50.8%

49.2%

Aged below 15 years old 29.7% 18.4%

Aged 50 years old and above 14.4% 30.3%

Born in non-English speaking country Available on request 24.2%

Speak languages other than English at home 10.9% 29.1%

Couples with children 51.3% 33.6%

Employed 97.3% 94.5%

Median weekly household income $1,793 $1,333

Housing structure - separate house 99.7% 71.1%

SEIFA Index of Disadvantage

Suburb Score

Ranking out of 1,516 Vic. Suburbs

1,098

1,451

Not Comparable

WHAT IS THE POPULATION?

POPULATIONRefer to Table 3 in the Tabulated Data section of this Profile for a further statistical breakdown.

n In 2011, the total population of Doreen (suburb) was 11,278.

n In 2014, the estimated population of Doreen (precinct) is approximately 18,009.

n Doreen precinct is expected to experience significant population growth over the next two decades; by 2036 the population is forecast to be 26,785 (an increase of 8,776 persons or 48.7%).

n In Doreen, there are more females than males (50.4% and 49.6%, respectively); however this is a smaller difference in gender ratio compared with Greater Melbourne (50.8% females and 49.2% males).

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BIRTHS n In 2014, there is estimated to be 432 children born in

Doreen precinct, this equates to 8.3 births per week; the highest rate in the municipality. By 2036, this figure is expected to increase to 441 births per year or 8.5 births per week.

WHO ARE WE?

LANGUAGE SPOKEN AT HOME n Around one in ten residents from Doreen suburb speak a

language other than English at home, a notably smaller proportion compared with Greater Melbourne (10.9% and 29.1%, respectively).

n The most common languages spoken other than English in Doreen suburb are Italian, Greek, Macedonian and Arabic (2.1%, 0.9%, 0.8% and 0.5%, respectively).i

COUNTRY OF BIRTH n In Doreen suburb, less than one sixth of residents were

born overseas, a notably smaller proportion compared to Greater Melbourne (14.7% and 36.7%, respectively).

n Of the 1,293 people living in Doreen who were born overseas, the largest proportion (21.3%) arrived in Australia between 2006 and 2011.

n The most common countries of birth in Doreen suburb other than Australia are England, New Zealand and Italy (3.5%, 0.9% and 0.7%, respectively).

HOW DO WE LIVE?

HOUSEHOLDS AND DWELLINGS n Refer to Table 4 in the Tabulated Data section of this Profile

for a breakdown of household structure and dwelling types.

n There are approximately 6,254 dwellings in Doreen. This is expected to increase to 9,840 dwellings by 2036.

n There are a considerably higher proportion of couples with children in Doreen suburb compared with Greater Melbourne (51.3% and 33.6% in 2011, respectively).

n There are a smaller proportion of single parent households in Doreen suburb compared with Greater Melbourne (9.2% and 10.4% of households in 2011, respectively).

n There is considerably fewer lone person households in Doreen suburb compared with Greater Melbourne (10.7% and 22.3% in 2011, respectively).

n The average household size in Doreen precinct in 2011 was 3.0 people.

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INTERNET n Dwellings in Doreen suburb are more likely to have

broadband internet connection compared with Greater Melbourne (79.1% and 70.0%, respectively).

HOUSING TENURE n Almost nine in every ten households in Doreen suburb

fully own their home or are purchasing, a notably higher proportion compared with Greater Melbourne (85.9% and 66.8%, respectively).

n There are fewer households renting in Doreen compared with Greater Melbourne (12.3% and 26.5%, respectively).

n There are a smaller proportion of people living in social housing in Doreen compared with Greater Melbourne (0.26% and 2.9% of total households, respectively).

WHAT DO WE DO?

EMPLOYMENT n In Doreen suburb, there are proportionally less people

participating in the labour force compared with Greater Melbourne (54.8% and 62.5%, respectively).

n There are proportionally more residents employed compared with Greater Melbourne (97.3% compared to 94.5% of the labour force).

n Of those participating in the labour force that reside in Doreen suburb, approximately two third are employed full-time and one quarter are employed part-time (65.9% and 25.5%, respectively).

n Those who are unemployed in Doreen suburb are more likely to be looking for part-time work rather than full-time work (1.5% and 1.2% of the labour force, respectively).

OCCUPATION n The most common occupations for residents of

Doreen suburb are technician and trades workers and professionals (18.1% and 19.5%).

n Compared with Greater Melbourne, Doreen suburb has proportionally more managers, technician and trades workers and clerical and administrative workers and fewer professionals, machinery operators/drivers and labourers.

INDUSTRY n In Doreen suburb, there are more residents working in the

construction industry compared with any other industry (25.3%, a higher proportion compared with Greater Melbourne; 8.2%).

n After construction, the most common industries of employment in Doreen suburb are manufacturing and retail trade (14.5% and 8.0%).

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EDUCATION n In Doreen suburb, there are a notably larger proportion

of residents attending preschool and primary school compared with Greater Melbourne (3.3%, 12.3% compared with 1.7%, 7.6% respectively).

n Doreen suburb has a similar proportion of residents who have completed year 12 or equivalent compared with Greater Melbourne (54.8% and 54.6%, respectively).

n There are a larger proportion of people from Doreen suburb with a tertiary or vocational qualification compared with Greater Melbourne (55% and 47% respectively).

HEALTH AND RECREATIONNote: Data for Doreen precinct area is not available for this topic. Results provided below are for Mernda-Doreen.

PARTICIPATION IN FORMAL ORGANISED SPORT n Mernda-Doreen has a higher than average rate of residents

who participate in formal organised sports compared with other precinct areas in the municipality (21.0% and 14.4%, respectively).

SOCIO-ECONOMIC FACTORS

SOCIO-ECONOMIC INDEX FOR AREAS (SEIFA)

n Doreen suburb is one of the least socio-economically disadvantaged suburbs in Victoria (scored 1,098; ranked 1,451 out of 1,516 Victorian suburbs).

YOUTH DISENGAGEMENT n The proportion of young people (aged 15 - 24 years)

in Doreen who are disengaged from education and employment is 5.3%, a smaller proportion compared with Greater Melbourne (7.4%).

DISABILITY AND NEED FOR ASSISTANCE n A smaller proportion of residents from Doreen report

needing assistance with day-to-day activities due to a disability compared with Greater Melbourne (1.9% and 4.5%, respectively).

INCOME Note: Data for income is for the Doreen suburb area

n There are more people in the Doreen suburb earning a high income (≥$1,500 per week) compared with Greater Melbourne (15.7% and 12.9%, respectively).

n There are less people in the Doreen suburb earning a low income (<$400 per week) compared with Greater Melbourne (28.0% and 35.8%, respectively).

n The median individual weekly income for residents of the Doreen suburb is $798, which is higher than that for Greater Melbourne ($591).

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TABLE 2. DOREEN SUBURB INCOME SUMMARY

Income Summary Doreen Greater Melbourne

Median total personal income (weekly) $798 $591

Median total family income (weekly) $1,880 $1,576

Median total household income (weekly) $1,793 $1,333

Median mortgage repayment (monthly) $2,167 $1,810

Median mortgage repayment (weekly) $498 $416

Median rent (weekly) $368 $300

FINANCIAL STRESS Note: Data for financial stress is for the Doreen suburb area

n Generally the population of Doreen suburb is not experiencing mortgage or rental stress. There are a lower proportion of households dedicating more than 30% of their income towards their mortgage (27.8%) or rent (20.5%), compared with Greater Melbourne (31.2% and 22.5%, respectively).

COMMUNITY PERCEPTIONSNote: Data for the Doreen precinct area is not available for this topic. Results are for Mernda-Doreen area level.

PERCEPTIONS OF NEIGHBOURHOOD SAFETY n Residents of Mernda-Doreen are more likely to believe their community is safe at night compared with other precincts in the

CoW (5.23/10 compared with 4.43 for the CoW).

n Residents from Mernda-Doreen have a positive perception of safety in public areas during the day (7.67/10), with a slightly higher rating of perceived safety compared with the average for the CoW (7.13/10).

SENSE OF COMMUNITY n Compared with other precinct areas, residents from Mernda-Doreen are more likely to feel:

There is a strong sense of community (a rating of 5.99/10 compared with 4.99/10 for the CoW).

They are part of the local community (a rating of 5.54/10 compared with 4.85/10 for the CoW).

They could turn to their neighbours for help (a rating of 6.64/10 compared with 6.03/10 for the CoW).

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POPULATION FORECAST - TABULATED DATA

TABLE 3. DOREEN POPULATION FORECAST BY AGE (SERVICE YEAR GROUPS)

TABLE 4. DOREEN HOUSEHOLD STRUCTURE AND DWELLINGS FORECAST

Age (years) 2014 2019 2024 2029 2034 2036 Change 2014 to

2036% Change 2014

to 2036

0 to 4 2,122 2,870 2,800 2,507 2,316 2,284 162 8%

5 to 11 2,358 3,276 3,549 3,388 3,091 3,007 649 28%

12 to 17 1,317 2,038 2,348 2,426 2,342 2,284 967 73%

18 to 24 1,407 1,928 2,153 2,231 2,252 2,251 844 60%

25 to 34 3,691 4,330 3,849 3,369 3,195 3,181 -510 -14%

35 to 49 4,441 6,466 6,930 6,482 5,775 5,542 1,101 25%

50 to 59 1,302 2,249 3,006 3,457 3,634 3,633 2,331 179%

60 to 69 983 1,503 1,848 2,214 2,611 2,740 1,757 179%

70 to 84 367 762 1,156 1,448 1,686 1,791 1,424 388%

85 & over 21 30 34 46 65 72 51 243%

Type 2014 2019 2024 2029 2034 2036 Change 2014 to 2036

% Change 2014 to 2036

Average h’hold size 3.0 3.0 3.0 2.9 2.8 2.8 0.2 6.9%

Residents in non-private dwelling 0 0 0 0 0 0 0 0%

Residents in private dwelling 18,024 25,466 27,686 27,583 26,983 26,797 8,773 49%

Couple h’holds with dependents 2,959 4,137 4,414 4,267 4,034 3,951 991 34%

Couples h’holds without dependents 1,600 2,322 2,630 2,823 3,012 3,086 1,486 93%

Group households 98 136 152 158 160 161 63 64%

Lone person h’holds 634 943 1,108 1,189 1,255 1,278 644 102%

One parent family 502 742 842 866 842 829 326 65%

Other families 94 136 153 158 159 158 64 68%

Total Households 5,887 8,416 9,300 9,464 9,464 9,464 3,577 61%

Total Dwellings 6,254 8,785 9,670 9,840 9,840 9,840 3,586 57%

Total Population 14,159 25,466 27,686 27,583 26,983 26,797 12,638 89%

Melbourne has been

placed alongside

New York and Berlin

as one of the world’s

great street art

meccas

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MELBOURNE The Melbourne City Centre is the hub of the greater metropolitan area. The metropolis is located on Port Phillip, a large natural bay, with the city centre positioned on the estuary of the Yarra River at the northernmost point of the bay.

Melbourne has been placed alongside New York and Berlin as one of the world’s great street art meccas, and its extensive street art-laden laneways, alleys and arcades were voted by Lonely Planet readers as Australia’s top cultural attraction.

Melbourne is an international cultural centre, with cultural endeavours spanning major events and festivals, drama, musicals, comedy, music, art, architecture, literature, film and television.

The city celebrates a wide variety of annual cultural events and festivals of all types, including Australia’s largest free community festiva-Moomba, the Melbourne International Arts Festival, Melbourne International Film Festival, Melbourne International Comedy Festival and the Melbourne Fringe Festival.

The city is home to three major annual international sporting events: the Australian Open; the Melbourne Cup; and the Australian Grand Prix. Melbourne was proclaimed the “World’s Ultimate Sports City”, in 2008, for the second time. The city is home to the National Sports Museum, which is located in the Olympic Stand.

The CBD and surrounds also contain many significant historic buildings such as the Royal Exhibition Building, the Melbourne Town Hall and Parliament House.

Melbourne is often referred to as Australia’s garden city. There is an abundance of parks and gardens in Melbourne, many close to the CBD with a variety of common and rare plant species amid landscaped vistas, pedestrian pathways and tree-lined avenues.

The Port of Melbourne

is one of the world’s

largest and busiest

container ports

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VICTORIA 1. The Port of Melbourne is one of the world’s largest and

busiest container port, located on the edge of the CBD. It handles nearly 40% of Australia’s container trade - about 3,500 ships and 2.14 million containers each year, and $90 million in exports each day. That’s more than Adelaide, Brisbane and Fremantle ports combined.

2. Melbourne’s air and port capacity is well supported by extensive road and rail networks, boosted by continuous government investment. More than $5 billion of major road projects are currently underway, including the Peninsula Link project, the M80 Ring Road Upgrade and the M1 (Monash-CityLink-West Gate) Upgrade.

3. Melbourne is a highly competitive global business location in terms of cost and availability of commercial property.

4. The $750m Sugarloaf Pipeline connecting Melbourne’s water supply with the Goulburn River System was officially launched in February 2010. The Sugarloaf provides the biggest boost to Melbourne’s water supply since 1984.

5. Over the past decade, Government investment in infrastructure has quadrupled, with investment over 2008-2009 estimated at $4 billion.

6. The freight and logistics industry is of critical importance to Victoria. It directly adds around $25 billion annually to the economy, employing more than 100,000 people.

7. By the time it’s completed in 2020, the Docklands precinct will double the size of Melbourne’s CBD. The $12 billion project has so far seen construction of apartments, a $360 million technology park, and television and film studios. It is emerging as an important financial services hub and the home of major companies such as National Australia Bank and Lend Lease.

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VICTORIA MINERAL ENERGY

Each year gas produced

offshore in Victoria is

worth about $1.5 billion

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VICTORIA MINERAL ENERGY BROWN COALVictoria is a major contributor to the Australian energy extraction and generation industry, which involves extracting the raw materials for energy production, and turning them into useable energy such as electricity, gas or other exportable energy based commodities.

All of the brown coal extracted in Australia comes from Victoria, and almost all of it is used for domestic power generation at present. Victoria is also Australia’s second largest producer of gas and oil, which includes crude oil, natural gas and liquefied petroleum gas. The state accounts for around 18 percent of Australia’s production. Although oil production is declining, natural gas production is growing strongly.

Around one quarter of Australia’s electricity is generated in Victoria, with much of Victoria’s energy generation occurring in the Latrobe Valley, east of Melbourne. Brown coal is the state’s major source of electricity generation, although significant progress is being made in the area of sustainable energy generation through wind farms, solar generation and tidal systems.

In 2009/10, brown coal production, predominantly from the Latrobe Valley for electricity generation, reached 68.7 million tonnes. The number of people employed in Victoria in the oil and gas extraction industry was estimated to be around 1500.

Each year gas produced offshore in Victoria is worth about $1.5 billion, and crude oil production is valued at over $2 billion.

Victoria produces

almost 19.5% of

crude oil in Australia

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VICTORIA MINERAL ENERGY COAL FUELED GENERATORSMost of electricity in Victoria is generated by burning brown coal in thermal power stations in the Latrobe Valley. The major electricity consumers in Victoria are the aluminium smelters at Portland and Point Henry in Geelong.

SOLARSmall-scale personal, commercial and community roof-mounted systems are becoming more prevalent, and a large-scale solar energy project located in Mildura is under construction.

The Mildura Solar Concentrator Power Station is a proposed photovoltaic heliostat solar concentrator power station to be built at Carwarp, near Mildura, Victoria, Australia.

The project was proposed by Solar Systems. The 154 MW (30.8 net), a $420 million, project will generate 270,000 MWh per year, enough for more than 45,000 homes. It will reduce greenhouse gas emissions by approximately 400,000 tonnes per year, and will also aid in reducing salinity and create jobs during manufacture, construction and operation.

WIND There are eight operating wind farms with 428MW of capacity. Several are under construction and will be operational soon and several proposals are in planning stages and are awaiting approval.

It was not until the early 2000’s that the commercial use of wind power for electricity commenced. Wind farms at Codrington, Challicum Hills and Portland were all built by private companies with State Government funding assistance.

GASApproximately 1.5 million domestic customers in Victoria are supplied with gas via over 25,000 kilometres of mains. Industrial and commercial consumers account for nearly 50 per cent of gas sales. In the 2005/2006 fiscal year, the average gas production in Victoria was over 700 million cubic feet (20,000,000 m3) per day and represented 18% of the total national gas sales, with demand growing at 2% a year.

OILVictoria produces almost 19.5% of crude oil in Australia.

Victoria produces

86% of Australia’s

dairy exports

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VICTORIAN ASIAN FOOD BOOM According to Victorian Premier Denis Napthine, the growing demand for high quality food and beverages in Asian markets represents a significant opportunity for current and would-be Victorian exporters.

In his speech at the 2013 Global Food Forum in Melbourne on 18 April, Premier Napthine called Victoria the “food bowl of Australia”, highlighting that our state currently produces 29 per cent of total national agricultural output and 32 per cent of all sales income generated by food product manufacturers. Eight out of the top 10 countries that Victoria is exporting to are in Asia, with China leading the way.

The Asian demand for quality Australian food and beverages - particularly meat, dairy and wine - is at an all-time high. The Asian population is also growing at an exponential rate. By 2050, 60 per cent of the world’s demand for agrifood will come from Asia and China alone will be responsible for 43 per cent of the global growth in food consumption.

In his speech, Premier Napthine outlined how Victoria is strongly placed to meet these growing demands. As well as producing the lion’s share of Australia’s food, Premier Napthine also called Victoria the nation’s “freight and logistics capital”. With the State Government recently committing to expanding Victoria’s export capability with a $110 million development of the Port of Hastings, together with the current project expanding the capacity of the Port of Melbourne, Victoria is poised to become Australia’s trade gateway to the Asia Pacific.

Premier Napthine concluded his speech by saying “it is clear that food exports will be the next engine room of growth for the Victorian and Australian economy.”

FAST FACTS n Victoria produces 86% (around $2 billion) of Australia’s

dairy exports.

n Victoria produces 45% of Australia’s lamb and mutton close to 110,000 tonnes, worth $590 million.

n Overall, Victoria’s food export industry supports about 130,000 jobs, 5%per cent of which are in regional Victoria.

n Freight exports from Melbourne airport have now overtaken those from Sydney for the first time

n Exports sent by air from Melbourne Airport rose 21%between 2008 and 2012. Last year 36% of all exports sent by air from Australia came from Melbourne and that figure continues to rise.

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WONTHAGGI DESALINATION PLANT Where the Bass Strait meets Victoria near Wonthaggi, construction of the biggest desalination plant in Australia is well underway.

AquaSure, who won the 30-year contract with the Victorian Government to deliver the Victorian Desalination Project, appointed the Thiess Degrémont Joint Venture as its design and construction contractor.

The joint venture partners combine the strength of one of Australia’s largest and most trusted construction, mining and services companies, Thiess, with the global knowledge of Degrémont, a Suez Environment company, water treatment specialist and a world leader in reverse-osmosis (RO) technology. Degrémont currently has 260 projects all around the world.

The $3.5 billion Victorian Desalination Project will have an initial production capacity of up to 150 billion litres of water a year (444 million litres per day). The project is effectively five major projects in one: the desalination plant comprising 29 buildings; the marine intake and outtake structures; the intake and outtake tunnels; an 84km transfer pipeline to transport drinking water from the desalination plant to Melbourne and regional water network; and 87km of underground 220 kV HVAC power cable to supply power to the desalination plant. This is the longest underground HVAC power cable in the world.

This project’s complexity and detailed scope included 45 road crossings, 21 waterway and one railway crossing for the pipeline and power construction, one of the biggest green roof installations in the world and one of the largest ecological restoration projects ever undertaken in Victoria.

The driver for constructing the greenest plant possible was the location, which is within one of Victoria’s prime nature tourism locations. The local economy is highly reliant on its tourist trade, and Thiess Degrémont has proactively addressed concerns about visual impact of the plant on the surrounding landscape with an innovative architectural solution.

The desalination plant has been designed to be totally integrated into the landscape. Despite being one of the biggest facilities of its kind in the world, it will be barely visible from all public viewing points. The roof of the biggest building on site, the 28,900 square metre RO building, is a key aspect of the design. Its roof is made up of 438 individual panels installed at 23 different angles to mimic the undulating sand dunes in the surrounding environment. The panels support a green roof, one of the biggest in the southern hemisphere, which will help blend the plant into the landscape. The green roof will feature around 100,000 plants of 25 different species of indigenous ground covers, tussocks and low lying shrubs.

The buildings are also surrounded by constructed dunes, designed to provide visual and acoustic protection to neighbours nearby. The plant’s actual footprint is quite small, taking up just 38 hectares of the 263 hectare site.

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The remaining 225 hectares will become the focus of one of the largest ecological restoration projects in Victoria’s history, complete with wetlands, coastal and swampy woodlands, and new habitat for local fauna.

Other environmentally sustainable aspects to the project are its energy efficiency and power offset. The desalination plant and transfer pipeline’s operating power requirements will be 100% offset by renewable energy, ensuring the same amount of renewable energy is fed back into the grid.

A number of innovative systems have been introduced to minimize power consumption within the plant including world-leading energy recovery and re-use devices that significantly reduce power consumption in the RO process.

The plant’s compact, modular design reduces pipe work and eliminates inefficient energy use, and further energy is saved by constructing the plant a low level relative to sea level, reducing the amount of energy needed to lift seawater into the plant. The use of variable speed drives, high efficiency motors and low energy use membranes have also all been adopted.

The plant is being built in three parallel 50GL modules, all with identical and replicated technology and equipment. Each module has its own dual media pre-treatment, pumps, motors, instrumentation, sub power supply, cartridge filters, dual pass reverse osmosis membrane racks and energy recovery. Online, real time instrumentation monitors water quality at seven delivery points along the 84km transfer pipeline to ensure water quality standards are met.

Construction on the Victorian Desalination Project began in September 2009. In just over two years on site, the marine and tunnelling works have been completed; construction on the desalination plant is well advanced and commissioning now in progress; laying and hydrotesting of the 84 km transfer pipeline is complete and laying and energisation of the 87km underground power is complete.

Almost 6,000 people have worked on the desalination plant site to date, with thousands more indirectly

employed by companies supplying to the project. The project has also generated opportunities for almost 90 apprentices and trainees to date.

Weather has presented the most significant challenge for the construction team. While the project was conceived as an emergency response to the worst drought in Victoria’s history, what no-one could have predicted is that it would end up being constructed through the wettest summer in Victoria’s history. Despite this, more than 14.5 million man hours have been worked to date to bring construction of the project to 87% completion.

First water for commissioning is expected to be produced from the plant around the middle of 2012. Once the design and construction of the project is complete, the plant will be operated and maintained by Degrémont Thiess Services for the next 27 years.

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Doreen and Other Growth Suburbs Provide Housing For Thousands: REIVBY ENZO RAIMONDO THURSDAY, 26 JULY 2012

The Sunday Age reported recently that there were large numbers of homes for sale in a range of the city’s outer suburbs.

On the face of it, this appeared concerning; however, analysis of the local market and the role of those suburbs in housing our growing population shows that it’s not the case.

The fact is that the city has always had growth suburbs with lots of homes for sale. Forty years ago it was suburbs such as Fawkner and today it’s the likes of Doreen.

It is remarkable just how many homes have been built and sold in those locations.

For instance, the ABS has reported that in Derrimut, Point Cook and Werribee 15,875 homes have been sold and moved into over the past decade. When contrasted with the 2,961 reported for sale, this does not sound nearly as much.

And almost the entire suburbs of Doreen and Merdna have been built in that time, with 5,581 homes added. It was reported there were 3,718 homes for sale there. However, as any resident there will tell you, 65 % of homes don’t have For Sale signs on them. Clearly, these numbers include the pipeline of supply to ensure the community’s housing needs can be met in an affordable manner.

The fact that two years ago The Age reported concerns that there were not enough homes for sale and now there are too many, shows nothing more than the usual development cycle in operation.

The development cycle is subject to the same rises and falls that are present in the broader real estate market.

2 30DOREEN

What Melbourne’s Population Boom Means For Long-Term Property InvestmentMICHAEL YARDNEY - FRIDAY, 30 NOVEMBER 2012

The Baillieu government in Victoria is drawing up plans for the future of Melbourne.

And it’s got quite a task ahead, as Melbourne’s population is expected to increase by half again from the current 4.1 million. This means an extra two million residents in less than 40 years.

This influx is sobering when you consider the amount of infrastructure required to support that many new inhabitants.

A planning report, Planning for Community Infrastructure in Growth Areas, has revealed we’ll need eight new hospitals, 67 secondary schools, 125 new maternal and child health centres and 222 kindergartens by 2050 to cater for Melbourne’s booming population.

Melbourne today

There are just over 4.1 million people living in Melbourne today, and its population is projected to grow by about 65,000 new residents each year over the next decade.

Currently there are 1.63 million private dwellings in Melbourne, of which about 15% are apartments. Over 70% of Melburnians own their own homes, with almost half of these owning their homes outright (with no mortgage.)

While on average there are 2.6 people per dwelling, almost one-quarter of the city’s residents live alone. In fact less than half of Melbourne’s homes have children living in them.

What about the future?

These figures suggest we’re going to need around 760,000 new dwellings built in Melbourne in less than 40 years, of which close to 250,000 could be apartments.

Our changing lifestyles mean more Victorians are going to trade their quarter-acre block for a balcony and the percentage of apartments in Melbourne is likely to grow closer to 30%. As a point of comparison, currently 25% of all dwellings in Sydney are apartments.

We already know that Melbourne has been voted as one of the world’s most liveable cities, but in order to maintain this mantle our federal and state governments as well as local councils will have an important role to play by investing in key infrastructure in a timely manner.

Melbourne will start to look like many other large international cities with high-rise apartment building dotting the landscape.

What does this mean for property investors?

Melbourne’s strong population growth, together with the increasing affluence of its residents, coupled with the fact that many of them will want to live in the same suburbs close to where all the action is, will ensure the value of well-located properties will keep increasing over the long term.

The trick will be to own the type of property that will be in continuous strong demand by a large demographic of these new residents, and for many, this is likely to be well-located apartments.

Doreen is becoming

more popular with

first home buyers

and young families

as well as investors

looking to attract

this market

2 40DOREEN

Suburbs in Melbourne Worth an InvestmentBY ROB ELSOM - NOVEMBER 14, 2012

Buying an investment property is a huge investment of time and money. Unlike buying a home to live in, you need to take emotion out of the decision, and focus on suburbs that will maximise your return on investment. A good starting point is to look at suburbs that are currently booming. What amenities are attracting buyers or renters to that suburb? Is it proximity to the city, beaches, public transport, parks or schools that’s driving demand?

Top performing suburbs

Suburbs that are highly sought after tend to have a few if not all of these attributes. Some buyers may like the beach, families will prioritise schools and young professionals may want proximity to the CBD. For example, Camberwell, just 10 kilometres from the CBD and with access to good schools, has seen a year-on-year median price increase of 9 per cent during the September 2012 quarter.

Generally speaking, suburbs within 10km of the CBD or close to good suburban schools perform well as illustrated in the table below, which shows the top ten performing suburbs for year-on-year median price growth for the September 2012 quarter.

The notable exceptions in the top ten include Mornington and Doreen. While further out from the CBD, Mornington’s bay-side location and proximity to the beach is driving demand. In addition, affordability continues to influence purchase decisions, with “newer” outer suburbs like Doreen becoming more popular with first home buyers and young families as well as investors looking to attract this market.

Source: REIV

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Hot Property Investment Opportunities In West, North and Outer-East Melbourne Suburbs: APMBY LARRY SCHLESINGER - MONDAY, 08 OCTOBER 2012

The Melbourne property market is set for a tentative recovery in the short term, but there are currently buying opportunities for investors, particularly in the west, north and some outer eastern suburbs, according to Clinton McNabb, senior research analyst for Australian Property Monitors.

Delivering a presentation at this weekend’s Melbourne Home Buyer & Property Investor Show, McNabb said investors needed to look for areas displaying the greatest population growth and where incomes are rising.

“There will be a tentative recovery for Melbourne, growth will be subdued for a while,” said McNabb.

But longer term, demand for housing will rise as the city’s population grows to beyond 6 million people over the next 20 years and overtakes Sydney, McNabb said.

“The biggest driver of house prices will be population growth,” said McNabb.

Investors should also look for suburbs, where incomes are growing.

McNabb presented a series of heat maps, with shades of blue, orange and red.

The heat map below shows which suburbs have displayed the greatest house price growth over the past two years.

Suburbs in shades of blue show where property prices have declined by 3% or more over the past two years, green suburbs have exhibited limited growth (up to 3%) orange indicates property prices rising around 10% and red zones show growth in excess of 15%.

The map shows much of the growth has been in suburbs around the city, but also good growth in some outlying areas such Narre Warren North and Beaconsfield Upper in the outer east.

In the west, McNabb says suburbs like Altona and Yarraville, where the median house price is around $500,000 - much cheaper than neighbouring suburbs – offer good potential.

Similarly, he picks unfashionable Footscray, West Footscray and Sunshine due to their affordability, closeness to the CBD and good transport connections.

In the north, McNabb says investors should look at well-located suburbs like Brunswick, Coburg and Preston.

They are affordable and also located close to the city with good transport connections.

Currently suburbs that have the highest average discount (the original listing price compared with the sale price) include Canterbury (15% discount), Toorak (12%), Footscray (11%), Brooklyn and St Kilda West.

Taking a wider view of the market, McNabb says the latest census data shows rising numbers of single person and childless couple housing occupants.

This he says indicates an increasing demand for higher-density living.

“In addition, more families are now willing to live in apartments and they will sacrifice space for location.

“Being close to transportation to the CBD is key. There has been a 47% jump in people using public transport since 2005,” he says.

“Compare suburbs and look at comparable sales – that’s the best way to avoid things like under quoting,” he says.

2 60DOREEN

The Housing Industry Association has released its annual report 2013 Population and Residential Building Hotspots, which showed that nine of the top 20 Australian Residential Building Hotspots are in Melbourne’s suburbs.

For the purposes of the report, the HIA defines a ‘Hotspot’ as an area in which the 2011/12 population growth[1] rate exceeds the national growth rate (1.6 per cent over the year to June 2012) and the value of residential building work approved exceeds certain figures.

Those figures are $100 million in NSW, VIC, and WA; $50 million in QL (down from $100 million last year) and SA; $20 million in the Northern Territory and the Australian Capital Territory; and $10 million in Tasmania.

The report also ranked the suburbs on a population growth basis. Victoria once led the charge with nine of the top 20 and four out of the top 10, with some Melbourne suburbs reaching an annual growth rate of 15 per cent.

According to the report, Tarneit in Melbourne’s West ranked fifth, the highest of any Victorian entry. Also in the top 20 were South Morang, Cranbourne East, Melton South, Pakenham South, Point Cook, Epping and Craigieburn.

As a result, all growth corridors in Melbourne are experiencing high levels of building growth and population increases.

“Victoria is coming off a boom in population migration and housing starts. This outcome is good, but it it’s not a scratch on what it was during the past couple of years,” said HIA Victoria executive director Gil King.

“Victoria’s building figures however are still the envy of other Australian States, and this can be put down to how favourably our state is viewed in terms of migration.”

The HIA noted that the list differed greatly from last year’s.

“The list of the top 20 Building and Population Hotspots for 2011-12 is considerably different,” the organisation said. “The ACT (Australian Capital Territory) once again took out top spot with Bonner, which doubled its population over the year, reflecting the fact that it is a relatively new suburb.”

While last year the hotspots were predominantly located around Melbourne’s urban fringes, this year there are two inner suburbs – Southbank and Melbourne – in the top 20, reflecting a persistent strength and growing demand for the high-density housing market.

The report also shows a great improvement in NSW that elevated two regions – Parklea, Kellyville Ridge (number 13) and Homebush Bay, Silverwater (number 18) – onto the top 20 list, after failing to claim a single spot on last year’s list.

Melbourne Suburbs Dominate Residential Building ‘Hotspots’ ListMERCEDES MARTTY - 29 AUGUST 2013

Most of Melbourne’s

growth is in the

outer suburbs

2 70DOREEN

Melbourne Bursting at the Seams as Population BoomsBY TIM COLEBATCH - AUGUST 31, 2013

Melbourne’s population is swelling by 2 per cent a year, adding more than 900,000 people since this century began - and putting it on track to be a city of 8 million people by 2050.

The Bureau of Statistics estimates that in mid-2012, the city’s population was about to hit 4.25 million, after six boom years in which it grew by almost half a million.

Recent bureau figures imply that Melbourne today is home to 4.35 million people - and 27 per cent bigger than the city it was at the start of 2000.

If growth continues at that rate, Melbourne’s population would pass 5 million by 2025, overtake Sydney by 2037, and reach 8 million by 2049.

The booming population growth raises serious doubts about the Napthine government’s plans to build only one major infrastructure project at a time, and avoid new debt.

With a rapidly growing population squeezing into road and rail systems that are barely growing at all, this would intensify the strain on the city’s infrastructure, leading to increased congestion on the roads and overcrowding on trains.

Most of Melbourne’s growth is in the outer suburbs. The bureau reports that South Morang had the biggest population growth of any suburb in Australia, growing by 500 people a month over the five years to 2012. Point Cook was second, Tarneit third and DOREEN fourth.

The population of the city of Melbourne grew by 5138 in 2011-12 alone, and has more than doubled since New Year’s Day 2000 to 105,360. That included 23,867 people living in the city centre itself, 13,505 in Southbank and 6640 in Docklands - 44,012 between them, compared with just 1796 in 1992.

But the bureau’s figures show populations are growing in almost every suburb of Melbourne, and in most towns of any size across Victoria. Ballarat had almost 100,000 people by mid-2012, its growth rate matching Melbourne’s, with Bendigo not far behind.

While people are drifting away from small towns and rural areas, in most of Victoria, that is outweighed by those drifting into towns such as Mildura, Warrnambool, Shepparton and Wodonga. The exceptions are the eastern Mallee, the Wimmera and the southern Grampians.

In mid-2012, the bureau estimates, Victoria was home to 5.63 million people, and Australia 22.71 million.

Melbourne had the largest growth of any Australian city over the five years, but Perth was growing fastest. Its population shot up by 271,500 to be 1.9 million in mid-2012, and on track to pass 2 million late this year.

Approximatley 41.7

per cent of households

in Doreen have an

income above $2,000

per week

2 80DOREEN

INVESTMENT RETURNSInvestors looking at Laurimar will need to understand the demographics that reside within the area and the rental returns which can be achieved.

Income levels in the suburb of Doreen are significantly higher then the wider Whittlesea LGA and indeed the Melbourne Metropolitan. According to the 2011 Census the median household income for Doreen was recorded at a high $1,793 per week, $518 per week higher than the LGA and $460 above the Melbourne Metropolitan.

Approximatley 41.7 per cent of households in Doreen have an income above $2,000 per week in comparison to only 26.4 per cent for the Whittlesea LGA.

According to the latest 2011 Census, the suburb of Doreen is predominantly an owner occupier market comprising 87.1 per cent of house fully owned or currently with a mortgage. Only 12.4 per cent of dwellings are supplied as rental stock. In comparison, 20.2 per cent of dwellings in the Whittlesea LGA are rentals. While there is a strong disparity between home tenure in Doreen, the establishing residential area provides a gap in the market for investment stock. As the area becomes more established with greater amenity and access, demand for rental properties is likely to increase to reach levels in line with the Whittlesea LGA benchmark.

Median rents recorded for the Whittlesea LGA for a three bedroom house in the September 2013 quarter have stabilised at $330 per week. Doreen is reflective of the wider market with the median current asking rents of $330 per week. Four bedroom house in the LGA recorded a median of $360 per week.

The average gross rental yield for the Whittlesea LGA returned 4.5 per cent, while the suburb of Doreen realised 4.1 per cent, based on median asking rents.

When looking at the total property return, which is combining rental yields and capital growth, the Whittlesea LGA achieved strong returns, averaging 9.1 per cent for the twelve month period to June 2013. Due to the strong capital growth experienced in Doreen over the past 12 months, the Suburb outperformed the wider LGA with a average total return of 13.4 per cent.

MAJOR INFRASTRUCTURE INVESTMENTAs one of the fastest growing regions in Victoria, the Whittlesea LGA has experienced significant investment in infrastructure in recent years and currently has a further $6.4 billion under construction, planned and proposed for the region.

Access for residents in the Northern Growth Corridor has improved markedly over the past two years with completion of the South Morang rail extension in 2012, providing park and ride access for residents commuting to the CBD.

The Plenty Road upgrade was also completed early in 2013 providing 2.3 km duplication of the road, reducing congestion for residents travelling to and from the M80 Ring Road. Throughout the LGA, further employment opportunities will be provided with ongoing development of the UniHill Business Park, Epping Hospital and the Northern Health Teaching Training Clinic.

The Laurimar Town Centre provides local amenity for the residents of Doreen providing a full line supermarket, specialty retailing, health services, community centre and education facilities. The continual development of the Town Centre will be realised in line with population growth of Doreen, further providing diverse mix of amenity and employment opportunities.

Doreen Demographics

Source: Colliers International End Of Quarter 2013 Report

2 90DOREEN

DOREEN SOUTH EARLY LEARNING CENTRE

An integrated early childhood and family services centre is being built on the Doreen South Primary School site, at the corner of Painted Hills Road and Eminence Boulevard.

The co-location of the centre on the school site will support a smooth transition for children moving from early childhood education to school, and create positive links for families and professionals.

This major project is being managed by the City of Whittlesea and will ensure the centre meets the needs of the local community both now, and into the future.

Services available at the new early learning centre

The early learning centre will include:

n Early childhood education and care services

n 2 sessional 4 year old kindergarten rooms

n 1 long day care room to cater for 3 to 5 year olds with an integrated kindergarten program

n a multipurpose early years room for services such as early intervention, playgroups and occasional care

n an office, reception and staff room for centre staff

n Maternal and Child Health (MCH) services

n 2 MCH consulting rooms

n 1 MCH program room

n 1 Family Services Consulting room for use by allied health or family services

Timeline

Construction is due to begin in February 2014. The centre is scheduled to open in January 2015. Kindergarten program enrolments will open in March 2014.

Development cost and funding

n The current estimated cost for this project is $5 million:

n Victorian Department of Education and Early Childhood Development (DEECD) - $1.5 million

n Developer contributions - $2 million

n Other - $1.5 million

MAJOR PROJECTS IN THE HUME CITY COUNCIL REGION

3 00DOREEN

MAJOR PROJECTS IN THE HUME CITY COUNCIL REGION MERNDA AND DOREEN RECREATION RESERVEA master plan for an active recreation reserve between Mernda and Doreen, north of Cookes Road at the intersection of Painted Hills Road and Eminence Boulevard is shown above.

The recreation reserve aims to increase residents’ enjoyment of sport and recreation, health and well-being and overall quality of life.

Endorsed by Council, the master plan provides for the future planning and construction of:

n A new soccer facility featuring 2 soccer pitches

n Soccer pavilion (approximately 1125m2)

n Spectator viewing areas

n 160 car parking spaces

n 1600m2 of miscellaneous active open space, surrounded by a large River Red Gum Woodland and walking paths

n Playground, seating and picnic facilities

n Wetland and waterways enhancement

3 10DOREEN

WESTFIELD PLENTY VALLEYWestfield Plenty Valley is just 11km from Doreen and has approx 183 stores. In addition, there are also 2,230 car spaces and a 600-seat food court.

Reading Cinemas are expecting to build a Gold Class Cinema complex at the site. Contracts were signed for the new multi-million dollar complex to be completed by 2015.

Some of the shops include:

n Aldi

n Australia Post

n Bank West

n Best & Less

n Coles

n Gloria Jeans

n Jb Hi-Fi

n Just Jeans

n Kfc

n Kmart

n Mcdonalds

n Nab

n Opsm

n Priceline

n Subway

n Target

n Woolworths

3 20DOREEN

LA TROBE UNIVERSITY BUNDOORA CAMPUSLa Trobe University is a multi-campus university in Victoria, Australia. Since 2003, La Trobe has consistently ranked among the top 500 universities in the world and our learning, teaching and research lead the way in higher education.

At the Melbourne (Bundorra) campus, you’ll gain the knowledge and skills you need as part of the diverse student community. You can also graduate career-ready through work placements, internships and overseas study opportunities.

The campus offers you the opportunity to work alongside dedicated research teams in state-of-the-art facilities, including the $94 million La Trobe Institute of Molecular Science and the $288 million Centre for Agribiosciences.

The campus is also home to specialised research centres like the Olga Tennison Autism Research Centre, the Confucius Institute, and the Centre for Sport and Social Impact.

The following courses are available at this campus:

n Diploma of Bioscience

n Diploma of Business

n Diploma of Health Sciences

n Diploma of Information Technology

n Diploma of Mass Media and Communications

n Advanced IELTS Preparation Program

n General English Program

n English for Further Studies

3 30DOREEN

MAP OF SUBURB LOCATION

3 40DOREEN

AMENITIES DISTANCES

Distance from development to all major amenities

POST OFFICESDoreen Post Office - 3.7km

CHILD CARELaurimar Child Care & Early Learning Centre - 1.9km

Eltham College Kids - 1.9km

Butterflies Childcare Centre - 5.3km

FITNESS Arthur Hill Reserve - 2.2km

Yarrambat Park Golf Course - 6.2km

Mill Park Leisure and Services Centre - 13.2km

Mill Park Aquatic Centre - 13.9km

MEDICALDanaher Drive Medical Centre - 10.4km

Hurstbridge & Districts Medical Centre - 12.7km

The Northern Hospital - 17.5km

TRANSPORTHurstbridge Train Station - 12.5km

Melbourne International Airport - 36.5km

RESTAURANTSUday Indian Restaurant - 600m

O Sole Mio Pizza - 1.2km

Kitchenku Malaysian Restaurant - 11km

COFFEEBean About - 600m

Laurimar - 1.3km

Stix and Stones Cafe - 3.8km

GROCERIES Woolworths - 1.4km

Coles Express - 3.9km

Diamond Creek Foodtown - 12.5km

ENTERTAINMENTMernda Pub - 4.1km

National League Soccer Stadium - 13.8km

Anderson Cinema - 17km

BANKINGBendigo Bank - 100m

Bank of Queensland - 10km

Bank of Melbourne - 11.6km

SHOPPINGWestfield Plenty Valley - 12.1km

Greensborough Plaza - 16.8km

Epping Plaza - 17.1km

SCHOOLSMernda Primary School - 2.8km

Doreen Primary School - 4.3km

Plenty Valley Christian College - 4.6km

St Joseph’s Parish Primary School - 5.1km

Ivanhoe Grammar Plenty P-12 Campus - 5.8km

St Monica’s College - 17.2km

Northern Melbourne Institute Of Tafe Greensborough Campus - 14.8km

La Trobe University Bundoora Campus - 19.3km

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Disclaimer: The investment decision of all interested parties should be based on advice from a qualified Financial Planner or similar professional and on their own research before making any investment decision. This document contains compiled information from various sources to assist you in conducting your due diligence. Please ensure you corroborate all information contained within this document. All sources for information contained within this Property Summary will be disclosed at your request. Vestbuild will not accept responsibility for inaccurate information provided from external sources or third parties.