73 Flinders Lane, Sargood House, Melbourne

2008-2009 Financial Year Report

73 Flinders Lane, Sargood House, Melbourne

Harcourts City Residential

In this report, James Edmundson has prepared an overview of all sales & rental transactions* for Sargood house for the 2008/2009 financial year along with extra details about the building & a forecast for the year ahead.You can find this and more Real Estate blogs at http://harcourtscityresidential.wordpress.com/

Architects: Sargood House, a sophisticated building which offers chic living with a soft industrial edge, was redesigned by Wood Marsh architects in 1996. Designed at the time to take advantage of the emerging trend of house sized apartments this boutique low density development is one of the city’s finest.

http://www.woodmarsh.com.au/projects/

Facilities: security entrance, Lift, secure parking.

Demographics: Tucked away from the busy streets in Flinders Lane, Sargood house caters to an almost exclusively owner occupied clientele. The property is especially well suited to people looking for a city Apartment with the spaciousness of a suburban house.  Rarely offered for sale these much sort after units command a special following of potential purchasers.

Melbourne Apartment Sales Overview FY 08-09:Apartment Sales in Melbourne:         1753

Clearance Rate in Melbourne: 79%
Average Sale Price in Melbourne:
$503,347

SALES RESULTS, SARGOOD HOUSE-  Financial Year 08-09:*

No Sales were recorded in the 2008-2009 Financial year

RENTAL RESULTS – Financial Year 08-09:*

No rentals were reported in the 2008-2009 Financial year

Near-by Construction Underway: 260 million dollar plans to restore and extend the Historic Windsor Hotel have drawn mixed reactions, with some questioning the impact the 25 storey extension located at the rear of the property would have on the heritage feel of the Paris end of Melbourne. With construction slated to commence late 2010 it is sure to remain a discussion point.

www.thewindsor.com.au

(Artist impression)

73 Flinders Lane Forecast for the 09-10 Financial Year: Whilst early stagnation in 2009 caused by the GFC saw a reduction in clearance rates, confidence is returning to the high end market highlighted by some very prominent high end sales at the end of 2009.

Interest rates are expected to continue to rise through 2010 as the reserve bank reacts to the strengthening of the economy which will have an effect on some buyers budgets.

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

James Edmundson

Sales Consultant – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0411 456 770

E: James.Edmundson@harcourts.com.au

Web: www.cityresidential.harcourts.com.au

Disclaimer: *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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