End of Financial Year Report – 140 Flinders Street Melbourne

End of Financial Year Report


140 Flinders Street Melbourne


Harcourts City Residential


You can find this and our many other blogs at http://harcourtscityresidential.wordpress.com/

In this report, Claire Parkes has prepared an overview of all sales & rental transactions in 140 Flinders Street for the 2009/2010 financial year along with extra details about the complex & a forecast for the year ahead.


Melbourne 3000

Apartment Overview Fin Year 09-10:


Total :                                       $ 105,075,922

Average:                                   $ 621,751

Median:                                    $ 455,000

Max:                                         $ 21,000,000

Min:                                          $ 43,000

Number of Transactions:            186

Number of Auctions:                 68

Number of Auctions Sold          68

Number of private sales             118


SALES RESULTS –  Financial Year 08-09:

14/140 Flinders St           Dec 09         1 Bed          1 Bath           $ 382,000

73/140 Flinders St           Nov 09         1Bed           1 Bath           $ 349,000

72/140 Flinders St           Nov 09         ? Bed          ? Bath           $ 350,000

8/140 Flinders St             Apr 09         ? Bed          ? Bath           $338,000


RENTAL RESULTS – Financial Year 09-10:


4/140 Flinders St             Jun 10         1  Bed         1  Bath           $ 380 pw

63/140 Flinders St           May 10        2 Beds        1 Bath            $380 pw

14/140 Flinders St           Feb 10         1 Bed          1 Bath            $ 390 pw

11/140 Flinders St           Dec 09         1 Bed          1 Bath            $ 370 pw

4/140 Flinders St             Nov 09         1 Bed          1 Bath            $ 380 pw

32/140 Flinders St           July 09         1 Bed          1 Bath            $ 350 pw

?/140 Flinders St             July 09         1 Bed          1 Bath            $ 350 pw

Brief history of land: The land was original subdivided in 1840, and was built on in 1866. In 1877 a 3 storey house, garden, yard and shed were built on land.1905 the house was replace with the 5 storey building you see today.


Demographics: There is a great mixture of owners in the complex including young professionals, out of town investors, a more mature generation of owner occupiers as well as owners utilizing as a secure lock & leave city base. 24-30 Russell St also houses some international owners and students.


Forecast : Winter this year started strong producing record results and with some vendors expectations exceeded the current market.  With a slight soften of the market over the last couple of weeks and high vendors expectations still soaring the outcome has result in lowering of the Auction clearance rates. However there is still plenty of keen cashed up buyers out there looking to purchase good properties at the right price.



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

Sarah Witty

Sales Consultant – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0433 397 288

E: sarahwitty@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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