In this report, Dionne Wilson has prepared an overview of all sales & rental transactions* for 238 Flinders St Uni Lodge, for the 2008/2009 financial year along with extra details about the building and a forecast for the year ahead.
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Melbourne Apartment Overview FY 08-09
Apartment Sales in Melbourne: 1753
Clearance Rate in Melbourne: 79%
Average Sale Price in Melbourne: $503,347
SALES RESULTS – Financial Year 08-09:*
1201/238 Sep 09 44 sq m $330,000
919/238 Oct 09 24 sq m $170,000
1306/238 Jul 09 43 sq m $280,000
RENTAL RESULTS – Financial 08-09:*
211/238 Dec 09 1 Bed 1 Bath $400 pw
401/238 Dec 09 2 Bed 2 Bath $400 pw
306/238 Sep 09 1 Bed 1 Bath $330 pw
504/238 Sep 09 2 Bed 1 Bath $425 pw
105/238 Jul 09 1 Bed 1 Bath $320 pw
403/238 Jul 09 1 Bed 1 Bed $330 pw
Features: In the Heart of Melbourne City, opposite the Flinders Train Station and the new Federation Square. UniLodge On Flinders is perfectly positioned to enjoy the best of Melbourne’s cultural and entertainment facilities
238 Flinders St Forecast for the 09-10 Financial Year: As with all student and serviced accommodation the value of the property is heavily influenced by the current interest rates. As this type of property is purchased by investors the amount of return they can receive form their investment determines the price the market is willing to pay for the property. Therefore as interest rates go up the higher the return an investor would expect driving the value of the property down. As we all agree that interest rates are on the rise, now is the right time to sell before the price of your property drops any further.
For further information on this, or any other property needs you may have, please contact:
Ph: 03 9664 8100 Mob: 0417 318 705
*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