Victoria Point – 100 Harbour Esplanade, Docklands

End of Financial Year Report   –   Harcourts City Residential 

Victoria Point 

100 Harbour Esplanade, Docklands 

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 100 Harbour Esplanade, Docklands for the 2008/2009 financial year along with extra details about the building & the fore-cast for the year ahead. 

  

Top Sale in Financial Year 08-09:   $760,000 

Bottom Sale in Financial Year 08-09:   $315,000 

Number of Transactions in the Building: 29 Sales with a total value of $14,985,300 

Average Sale Price in the Building: $516,734 

Number of Apartments in Block: Approximately 447 spread over 43 levels 

Building Completion Date: 2002 Approximately

 

Address                                                                      Date                         Price                              

1702/100           Harbour Esp,       Docklands        Jun 2009      $360,000                                                                                                                                                                                         

1114/100           Harbour Esp,       Docklands                Jun 2009                  $ 330,000                        

  710/100           Harbour Esp,       Docklands                Jun 2009                  $ 455,000        

1903/100           Harbour Esp,       Docklands                Jun 2009                  $ 460,000        

1607/100           Harbour Esp,       Docklands                Jun 2009            $ 530,000                                       

3010/100           Harbour Esp,       Docklands                May 2009           $ 608,000                                                      

1404/100           Harbour Esp,       Docklands                Apr2009                   $ 460,000        

1513/100           Harbour Esp,       Docklands                Apr 2009                  $ 400,000        

  906/100           Harbour Esp,       Docklands                Apr 2009                  $ 452,000                        

1511/100           Harbour Esp,       Docklands                Mar 2009                  $ 359,000        

  814/100           Harbour Esp,       Docklands                Mar 2009                   $323,000                                                      

3107/100           Harbour Esp,       Docklands                Feb 2009                  $ 590,000                        

1715/100           Harbour Esp,       Docklands                Feb 2009                 $ 477,500                                                          

2209/100           Harbour Esp,       Docklands                Feb 2009                  $ 600,000                        

2103/100           Harbour Esp,       Docklands                Feb 2009                  $ 670,000                                       

2501/100           Harbour Esp,       Docklands                Jan 2009                  $ 635,000                        

1813/100           Harbour Esp,       Docklands                Nov 2008                  $ 410,000

  705/100           Harbour Esp,       Docklands                Oct 2008                  $ 480,000

2903/100           Harbour Esp,       Docklands                Oct 2008                  $ 695,000

3406/100           Harbour Esp,       Docklands                Sept 2008                 $ 705,000        

3703/100           Harbour Esp,       Docklands                Sept 2008                 $ 695,000

2801/100           Harbour Esp,       Docklands                Sept 2008                 $ 615,000

  902/100           Harbour Esp,       Docklands                Sept 2008                 $ 322,500

1502/100           Harbour Esp,       Docklands                Sept 2008                 $ 400,000                        

1701/100           Harbour Esp,       Docklands                July 2008                  $ 635,000

1214/100           Harbour Esp,       Docklands                July 2008                  $ 315,000

2105/100           Harbour Esp,       Docklands                July 2008                  $ 483,300

3305/100           Harbour Esp,       Docklands                July 2008                  $ 760,000

1708/100           Harbour Esp,       Dockalnds                July 2008                  $ 760,000

 

Address                                            Date                    Beds          Baths         Price P/W                 

1013/100           Harbour Esp              May 09                  1               1                $ 420.00

2311/100           Harbour Esp              May 09                  1               1                $ 550.00

  ?   /100           Harbour Esp              May 09                  3               2                $ 850.00

2010/100           Harbour Esp              May 09                  1               1                $ 400.00

1502/100           Harbour Esp              Apr 09                   1               1                $ 500.00

 909/100            Harbour Esp              Mar 09                   1               1                $ 400.00

2904/100           Harbour Esp              Mar 09                   2               2                $ 600.00

  ?   /100           Harbour Esp              Mar 09                   1               1                $ 420.00

1504/100           Harbour Esp              Mar 09                   1               1                $ 450.00

1201/100           Harbour Esp              Apr 09                   2               2                $ 570.00

3404/100           Harbour Esp              Feb 09                  2               2                $ 715.00

  910/100           Harbour Esp              Feb 09                  1               1                $ 450.00

3601/100           Harbour Esp              Feb 09                  4               3                undisclosed

  ?   /100           Harbour Esp              Jan 09                   1               1                $ 300.00

1801/100           Harbour Esp              Jan 09                   1               1                $ 410.00

2006/100           Harbour Esp              Jan 09                   2               1                $ 480.00

1807/100           Harbour Esp              Dec 08                  2               2                Undisclosed

  ?   /100           Harbour Esp              Dec 08                  3               2                Undisclosed

2801/100           Harbour Esp              Nov 08                  2               2                $ 600.00

1608/100           Harbour Esp              Nov 08                  3               3                $ 1500.00

1710/100           Harbour Esp              Oct 08                   1               1                $ 450.00

1812/100           Harbour Esp              Oct 08                   1               1                $ 425.00

1314/100           Harbour Esp              Sept 08                 1               1                $ 390.00

1502/100           Harbour Esp              Aug 08                  1               1                $ 500.00

1810/100           Harbour Esp              Jul 08                    1               1                $ 410.00

1708/100           Harbour Esp              Jul 08                    2               2                Undisclosed

Owners Corporation Fees: The fees differ between apartments. On average the fees range between $2800 – $12,000 per annum approximately depending on the size of the apartment and its location (known as lot liability). 

Owners Corporation Management: is Stewart, Silver, King and Burns (SSKB) Att: Andrew Yates 

“Stewart Silver King and Burns (SSKB) is a body corporate and community management company. We act as a body corporate administrator, however, we are not the body corporate. Since 1995, SSKB has set itself the goal of being the market leader in the body corporate and community management sector. To achieve this reputation we have worked hard to raise the professionalism and standards of not just our own company, but of the whole industry. At SSKB, we are partnering with lot owners to make a positive contribution to community living. We are helping committees administer their community for the benefit of all lot owners and residents. Our role as Community Managers is to use our experience to guide a committee to make decisions that promote harmony, and maximise the value of your assets. SSKB are proud that our bodies corporate are the most liveable communities in the world. We have achieved this by examining how bodies corporate operate, discussing common issues and suggesting innovative solutions. We presently manage around 440 bodies corporate comprising 22,000 lots. Our offices are situated on the Gold Coast, Brisbane, Sunshine Coast, Kingscliff, Cairns and Melbourne. Our 80 plus staff have either extensive experience in body corporate management or are well qualified in the fields of accounting, marketing, engineering, business, economics or law.” 

Phone:         +61 3 9642 0555   +61 3 9642 0555   

Address:   102 Harbour Esplanade DOCKLANDS VIC 3008  

Web:         http://www.sskb.com.au 

Email:       info@sskb.com.au 

Building Management: The live in building managers Keith & Kay Jeffrey are kept busy with the general day to day activities of the building. 

Facilities: The developments residents are truly spoilt with complimentary membership to the YMCA pool & gym within the building. Given that it is a commercially operational facility the equipment is of the highest quality and hence represents one of the most impressive set of facilities of all the buildings we are involved with. 

                         

Demographics: Given the relative youth of the building there is still a high percentage of original owners. There is a great mixture of owners in the complex including young professionals, a mix of local and out of town investors as well as several people using it as a second residence “a lock and leave” for people from out of Melbourne. A newer trend rising throughout the building is investors who are furnishing the apartments and leasing them fully furnished to increase rental returns.   

Forecast for the 09-10 Financial Year: We envisage that continuing first home owner interest and low interest rates will keep the market buoyant in Docklands for the remainder of 2009 and especially pre October 1 when the First Home Owners Grant starts to decrease. Dependant on bank interest rates, we could experience a stabilising of the market in 2010 in the pre $600,000 sector. Mum and Dad investors could well make a comeback in 2010 once first home owners lose large incentives and as interest rate nerves kick in. 

For the financial report for July – December 2009 please visit  http://wp.me/py25G-dH 

 

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

   

Dionne Wilson  

Director – Harcourts City Residential 

Ph:   03 9664 8100    03 9664 8100           Mob: 0417 318 705 

Email: dionne.wilson@harcourts.com.au            

Web: www.dionnewilson.harcourts.com.au 

            www.cityresidential.harcourts.com.au 

Blog 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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