End of Financial Year Report The Neo / 200 Spencer Street, Melbourne Report for 2009-2010, Prepared by James Edmundson “Esmé Gordon”

 

Common-Buyer-Profiles10Common Buyer Profiles

First-Home-Owners-Grant5First Home Owners Information

Foreign-Investment-Review-Board6Foreign Investment Review Board

Stamp-Duty-Calculator5Stamp Duty Calculator

Whats-my-property-worth5What’s my property worth?

Building CommentsThe past 12 months have been extremely encouraging for owners of the building, with many owners turning a profit from the sale of their units (a rarity when selling so soon after purchasing off the plans)Owners who picked the right agents to sell their apartments enjoyed setting new record after new record. Unfortunately there were many owners who were lured with promises of low commission and no cost advertising campaigns and paid the price, one poor owner missing out $44,000 when they sold their one bedroom apartment for $365,000 at the same time we sold an apartment the same style apartment on the same floor for $409,000 (see sales below).

We are also very proud and excited to announce that one of our sales not only smashed the previous building record for a unit of this type, but lead to a significant increase in buyers perception of the building.

It hasn’t all been smooth sailing. Owners on the North particularly the lower levels have been suffering buyer apathy with the redevelopment next door (upper west side) set to block out all views in that direction and provide at least 7 years of construction noise and dust. We hope it draws to a close swiftly for those owners and tenants affected.

Sales Statistics
‘Melbourne’ Apartment Sales Statistics.

‘Neo’ Sales Statistics

 

Previous Reports:

Financial Report 2009 Future Reports: Financial Report 2011 Financial Report 2012 Financial Report 2013
BUILDING DETAILS & PARTICULARS

Building Facilities:

Pool , sauna, gym, outdoor BBQ area, terrace
Building Name: Neo

Year Built:

2008

Owners Corporation:

Bencorp OCM Pty Ltd
71 Palmerston Crescent
South Melbourne
PO BOX 173
SOUTH YARRA VIC 3141
www.bencopocm.com.au

Building Manager:

Savio

No. In Block:

7 levels are parking then levels 8-41 contain 371 residential apartments
Council: City of Melbourne
Zoning: Capital City Zone Schedule 1 http://tinyurl.com/23clumr

 

Agent Reported Sales Financial Year 2009-2010

Month Apartment Beds Size m2 Car Price
Jun. 2010 1006 1 56 No $350,000
Jun. 2010 1903 1 56 Yes $412,000
Jun. 2010 3601 2 76 Yes $610,000
Jun. 2010 2709 2 70 Yes $555,000
May. 2010 1111 1 50 No $347,000
May. 2010 4102 3 112 Yes $920,000
May. 2010 3604 1 56 Yes $490,250
Apr. 2010 3004 1 56 Yes $350,000
Apr. 2010 1409 1 50 Yes $409,000*
Mar. 2010 1407 1 50 Yes $365,000*
Mar. 2010 1107 1 50 No $365,000
Mar. 2010 3505 2 75 Yes $600,000
Dec. 2009 2209 2 70 Yes $570,000
Nov. 2009 Unreported 1 51 Yes $377,000
Oct. 2009 3305 2 75 Yes $536,000
Oct. 2009 1101 2 75 Yes $495,000
Sep. 2009 1706 1 56 Yes $390,000
Sep. 2009 809 1 50 No $365,000

Reported Rentals Financial Year 2009-2010

Month Apartment Bedrooms Size m2 Car Rent P/Week
30-06-2010 1509/200 1 UNDISCLOSED
04-06-2010 3802/200 2 $550 pw
11-05-2010 2909/200 2 $550 pw
29-04-2010 1113/200 1 $375 pw
16-04-2010 200 1 $400 pw
06-04-2010 3803/200 1 $420 pw
16-03-2010 2710/200 2 $550 pw
13-03-2010 808/200 1 $380 pw
12-03-2010 2710/200 2 $550 pw
12-03-2010 808/200 1 $380 pw
26-02-2010 200 1 $380 pw
03-02-2010 913/200 1 $350 pw
29-01-2010 3903/200 1 $495 pw
19-01-2010 1713/200 1 $390 pw
18-01-2010 3410/200 2 $400 pw
15-01-2010 1303/200 1 UNDISCLOSED
13-01-2010 2209/200 2 $400 pw
18-12-2009 1511/200 1 $400 pw
29-10-2009 3201/200 2 $530 pw
13-10-2009 2502/200 2 $550 pw
10-10-2009 910/200 2 $520 pw
05-10-2009 3601/200 2 UNDISCLOSED
15-09-2009 2710/200 2 UNDISCLOSED
15-09-2009 3005/200 2 $580 pw
14-09-2009 200 1 $370 pw
17-08-2009 200 UNDISCLOSED
11-08-2009 3201/200 2 $550 pw
24-07-2009 3106/200 2 UNDISCLOSED

 

Contact

 

James EdmundsonSales Agent – Harcourts City ResidentialPh: 03 9664 8100      

Mob: 0411 456 770

E: james.edmundson@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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