The $60m “Franklin Lofts” offers 189 two story New York Style apartments over 31 floors in the Heart of Melbourne’s northern CBD entrance.Near-by Construction Underway: 19-37 Abeckett St – High residential tower, reaching up to 32 floors, predicted to be finished in mid 2010. It is going to attract mainly international students, who are coming to study in Melbourne.
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 leveling of the market in 2010 in the pre $500,000 range. Investors could well make a comeback in 2010 once first home owners lose their puff and buying power.
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|Stuart Kennett – Harcourts City ResidentialPh: 03 9664 8100
Mob: 0497 966 989
**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.