8 Bligh Place, Melbourne – Leicester House – 2009 Building Report

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 at 8 Bligh Place 2009 year along with extra details for forecast for the year ahead.

 

Melbourne 3000

Apartment Overview Fin Year 2009:

Apartment Sales in Melbourne:        1753

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

SALES RESULTS –  Year 2009:

?/8 Bligh Place               1 Bed    1 Bath   Nov 09              $360,000

407/8 Bligh Place           2 Bed    2 Bath   Oct 09               $1,435,000

105/8 Bligh Place           2 Bed    2 Bath   Aug 09              $665,000

RENTAL RESULTS – Year 2009:

?/8 Bligh Place               1 Bed    1 Bath   Nov 09 $360 per week

?/8 Bligh Place               1 Bed    1 Bath   June 09 $360 per week

Demographics: The building is by and large owner occupiers.

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.

 

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

 

Dionne Wilson

Business owner and director – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0417 318 705

Email: dionne.wilson@harcourts.com.au   

Web: www.cityresidential.harcourts.com.au

*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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