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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.
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:
Business owner and director– Harcourts City Residential
Ph: 03 9664 8100 Mob: 0417 318 705
*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.