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In this report, Dionne Wilson has prepared an overview of all sales & rental transactions at 59-65 Elizabeth St 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%
Average Sale Price in Melbourne: $503,347
SALES RESULTS – Year 2009:
303 & 304/65 Elizabeth St 2 Bed 2 Bath Nov 09 $425,000
RENTAL RESULTS – Year 2009:
305/65 Elizabeth St 1 Bed 1 Bath Dec 09 $400 per week
207/65 Elizabeth St 1 Bed 1 Bath Nov 09 $400 per week
107/65 Elizabeth St 1 Bed 1 Bath Sep 09 $240 per week
402/65 Elizabeth St 1 Bed 1 Bath July 09 $300 per week
106/65 Elizabeth St 1 Bed 1 Bath July 09 $275 per week
304/65 Elizabeth St 1 Bed 1 Bath May 09 $275 per week
?/65 Elizabeth St 1 Bed 1 Bath March 09 $275 Per week
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:
Business owner and director– Harcourts City Residential
*Harcourts City Residential has gathered this information to provide an interesting read for apartment owners and prospective purchasers. Harcourts City Residential may not have concluded 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 accuracy of 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 advice or fact.
If your property is exclusively listed with another agent please disregard this communication.