Construction Nearby Underway: 1 East Melbourne – high end residential apartments in old train yard site next to Wellington Gardens on Wellington Parade South.
Forecast for the 09-10 Financial Year: We envisage that continuing first home owner interest and buying power will keep the market buoyant in Melbourne for the remainder of 2009.
Dependant on bank interest rates, we could experience a flattening of the market in 2010 in the plus $500,000 sector. Mum and Dad investors could well make a comeback in 2010 once first home owners lose their puff and buying power.
The Philapdelphia offers a unique buying opportunity in an expensive blue chip neighbourhood, on the fringe of East Melbourne which should cushion it from too many market fluctuations.
|Financial Report 2010|
BUILDING DETAILS & PARTICULARS
|Rooftop swimming pool with amazing city views, security entrance and under cover secure parking|
|Building Name:||The Philadelphia|
|Converted from 12 storey Office block from 1998-2001|
|BENCORP OCM Pty Ltd
71 Palmerston Crescent
P O Box 173
SOUTH YARRA VIC 3141
Phone +61 3 9696 4811
Fax +61 3 9696 4855
|Ph: 0433 195 709|
No. In Block:
|110 over 27 levels|
|Council:||City of Melbourne|
|Zoning:||Capital City Zone Schedule 2 http://tinyurl.com/23clumr|
|REPORTED SALES – Financial Year 2008-2009||Price|
|2202/31 Spring Street||3||3||2||1,800,000|
|1905/31 Spring Street||1||1||1||425,000|
|14*/31 Spring Street||2||2||1||620,000|
Sales Agent – Harcourts City Residential
Ph: 03 9664 8100
Mob: 0411 456 770
**Harcourts City Residential has gathered this information to provide an interesting read for apartment owners and prospective purchasers. Harcourts City Residential may not have concluded any or all of the transactions noted; rather we’ve gathered as much market information as possible on ALL transactions to be as conclusive as possible.
Information contained herein is gathered from a range of sources including but not limited to; The Age Property Results, The Herald Sun Property Results, Valuer General Information & Agents own investigations. All efforts are made to verify the accuracy of the information provided. The information is not to be relied upon or used in dealings with third parties and people should make their own investigations regarding their own property or personal circumstances. Opinions offered are just that, our opinions & observations and should not be treated as advice or fact. If your property is exclusively listed with another agent please disregard this communication.