Sales and Rental Year Report 09 – Rocke Tompsitt – 292-298 Flinders Street

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 292-298 Flinders St 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:

202/296 Flinders St                    1 Bed    1 Bath   Sep 09              $290,000

507/292-298 Flinders St              1 Bed    1 Bath   Mar 09              $289,000

RENTAL RESULTS – Year 2009:

?/296 Flinders St                        1 Bed    1 Bath   Dec 09             $350 per week

105/296 Flinders St                    1 Bed    1 Bath   Aug 09             $330 per week

404/296 Flinders St                    1 Bed    1 Bath   March 09           $320 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:

 

Dionne Wilson

Business owner and director– Harcourts City Residential

Ph: 03 9664 8100          Mob: 0417 318 705

E: dionne.wilson@harcourts.com.au 

Web: www.cityresidential.harcourts.com.au

*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.

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