End of Financial Year Report – 260 Little Collins Street

End of Financial Year Report

260 Little Collins Street Melbourne

In this report, Dionne Wilson has prepared an overview of all sales & rental transactions in 260 Little Collins 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:

Number of Transactions: 185

Number of Auctions: 62

Number of Auctions Sold: 62

 

 

Number of Priv. Sales, Tend. & Express. of Interest: 123

 

 

Unit/Flat/Apart. Median Auctions: $506,000 (60)

Total: 81,601,922
Average: 497,573
Median: $450,000
Max: $2,800,000
Min: $43,000

SALES RESULTS –  Financial Year 08-09:

403/260 Little Collins St                  Dec 09          1 Bed  1 Bath           $360,000

404/260 Little Collins St                  Oct 09          1 Bed  1 Bath           $300,000

 

RENTAL RESULTS – Financial Year 09-10:

802/260 Little Collins St         May 10                   1 Bed  1 Bath           $350 pw

705/260 Little Collins St         May 10                   1 Bed  1 Bath           $320 pw

?/260 Little Collins St         May 10                   1 Bed  1 Bath           $450 pw

?/260 Little Collins St         May 10         1 Bed  1 Bath           $450 pw

403/260 Little Collins St         May 10                   1 Bed  1 Bath           $450 pw

303/260 Little Collins St         March 10       1 Bed  1 Bath           $420 pw

501/260 Little Collins St         Nov 09                   1 Bed  1 Bath           $320 pw

?/260 Little Collins St        Nov 09                   1 Bed  1 Bath           $440 pw

?/260 Little Collins St        Oct 09          1 Bed  1 Bath           $420 pw

?/260 Little Collins St        Oct 09          1 Bed  1 Bath           $330 pw

803/260 Little Collins St         Aug 09          1 Bed  1 Bath           $430 pw

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.

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:

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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