In this report, Dionne Wilson has prepared an overview of all sales & rental transactions* for 20-22 McKillop St, for half year 2009 along with extra details about the building and a forecast for the year ahead.
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Melbourne Apartment Overview Jul 09- Dec 09
Apartment Sales in Melbourne: 1753
Clearance Rate in Melbourne: 79%
Average Sale Price in Melbourne: $503,347
SALES RESULTS – Half year July 09- December 09
402/20-22 McKillop St Nov 09 1 Bed 1 Bath $403,000
601/20-22 McKillop St Nov 09 1 Bed 1 Bath $398,000
401/20-22 McKillop St Nov 09 1 Bed 1 Bath $315,000
3/20-22 McKillop St Aug 09 ? Bed ? Bath $286,000
Building Description: Edwardian style Emerald Apartments with contemporary feel in the heart of Melbourne CBD and home to 12 only.
20-22 McKillop St forecast for the 09-10 Financial Year: Whilst early stagnation in 2009 caused by the GFC saw a reduction in clearance rates we envisage that continuing first home owner interest and buying power will keep the market buoyant in Melbourne.
With interest rates tipped to continue to rise, we could experience a leveling of the general market in 2010 particularly in the pre $500,000 range. Investors have started to make a comeback in 2010 with first home owners lose their puff and buying power.
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*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