133 Jolimont Rd Performance FY09

Welcome to your first End of Financial Year report for 133 Jolimont Road, East Melbourne from Harcourts City Residential.

You can find this and our many other blogs at http://harcourtscityresidential.wordpress.com/

In this report, Dionne Wilson has prepared an overview of all sales & rental transactions in the 133 Jolimont Rd ‘Mantra on Jolimont’ development for the 2008/2009 financial year along with extra details about the complex & a forecast for the year ahead.

 
 

 

 

'Mantra on Jolimont' 133 Jolimont Rd
'Mantra on Jolimont' 133 Jolimont Rd

133 Jolimont Rd, East Melbourne


Top Reported Sale in Financial Year 08-09:
$175,000

Bottom Reported Sale in Financial Year 08-09: $86,000

Number of Auctions: 3           

Auction Clearance Rate: 100%

Number of Private Sales: 3

East Melbourne Overview:

Number of Apartment Transactions in East Melbourne: 129

Number of Auctions in East Melbourne: 51  

Number of Auctions Sold in East Melbourne: 47

Clearance Rate in East Melbourne: 92%

Average Sale Price in East Melbourne: $494,157

SALES RESULTS FOR 133 JOLIMONT ROAD, YEAR 08/09:

715/133 Jolimont Rd                  Studio (serviced)                       $105,000

716/133 Jolimont Rd                  Studio (serviced)                       $175,000

804/133 Jolimont Rd                  Studio (serviced)                       $121,900

205/133 Jolimont Rd                  Studio (serviced)                       $90,000

312/133 Jolimont Rd                  Studio (serviced)                       $86,000

217/133 Jolimont Rd                  –                                                         $247,500

306/133 Jolimont Rd                  Studio (serviced)                       $155,000

RENTAL RESULTS FOR 133 JOLIMONT ROAD, YEAR 08/09:

*/ 133 Jolimont Rd                     1 bed, 1 bath (furnished)            $450.00 pw

109/133 Jolimont Rd                  Studio (furnished)                       $310.00 pw

*/133 Jolimont Rd                      1 bed, 1 bath (furnished)            $500.00 pw

*/ 133 Jolimont Rd                     1 bed, 1 bath (furnished)            $420.00 pw

*/ 133 Jolimont Rd                     1 bed, 1 bath (furnished)            $550.00 pw

Currently available to purchase at 133 Jolimont Rd:

401/133 Jolimont           1 bed, 1 bath                $175,000

311/133 Jolimont           1 bed, 1 bath                 $179,000

407/133 Jolimont           1 bed, 1 bath                $110,000

Mantra on Jolimont: Offers contemporary, comfortable accommodation, business and leisure travellers will find a range of Melbourne’s most vibrant offerings and excellent public transport options within close proximity to the hotel’s doorstep. The Yarra Pedestrian Bridge links the hotel to central Melbourne’s CBD.

The property features studio and one bedroom, fully-furnished apartments. Each one bedroom apartment includes a fully-equipped kitchen, laundry facilities, lounge and dining areas.

Mantra on Jolimont is one of Melbourne’s largest apartment-style hotels, delivering contemporary, affordable accommodation in the heart of Melbourne. It is ideally suited to business travellers, holiday makers, short-term guests and long-term visitors.

Facilities: Hotel leisure facilities include a pool and gymnasium. Rocco’s Bar and Restaurant, Mantra on Jolimont’s convenient on-site restaurant and bar, offers a modern Australian menu served in friendly, ambient surrounds.

For more information visit: http://www.mantra.com.au/victoria/melbourne-and-surrounds/east-melbourne/accommodation/hotels/mantra-on-jolimont/

East Melbourne Demographics: East Melbourne has a great mixture of owner occupiers, young professionals, out of town investors and a more mature generation of owners as well as those utilising their apartments for a secure lock-up & leave city base.

Number of Apartments in Block: Approximately 133

Demographics: East Melbourne has a great mixture of owner occupiers, young professionals, out of town investors and a more mature generation of owners as well as those utilising their apartments for a secure lock-up & leave city base.

Construction Nearby Underway: 150 Clarendon Street (luxury high-end apartments in the former Mercy Hospital site), 1 East Melbourne (high end 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 East Melbourne for the remainder of 2009. Dependant on bank interest rates, we could experience a flattening of the market in 2010 in the$500,000 plus sector. Mum and Dad investors could well make a comeback in 2010 once first home owners lose their puff and buying power. The mantra apartments offer a great entry-level investment opportunity, and in rare cases the ability to owner occupy & therefore a great price point for first home buyers.

For further information on this, or any other property needs you may have, please contact:

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Dionne Wilson

Director – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0417 318 705

E: dionne.wilson@harcourts.com.au Web: www.cityresidential.harcourts.com.au

*Harcourts City Residential has gathered this information to provide an interesting document for apartment owners and prospective purchasers. Harcourts City Residential may not have affected 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 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 fact.

If your property is exclusively listed with another agent please disregard this communication.

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