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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.
Apartment Overview Fin Year 2009:
Apartment Sales in Melbourne: 1753
Clearance Rate in Melbourne: 79%
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.
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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