End of Financial Year Report – 265 Exhibition Street

It’s that time of year again!

James Edmundson from Harcourts City Residential has prepared your 2009-2010 End of Financial Year Report for Regency Towers, 265 Exhibition St, Melbourne.

We hope you enjoy it and look forward to your feedback.



‘Melbourne’ Apartment Sales Statistics


Regency Towers Sales Statistics


Building Details & Particulars

Age                                                       Year of Completion 1997            

Zoning                                               Capital City Zone Schedule 2 – http://tinyurl.com/23clunr 

Levels                                                33 stories

Apartments                                   It consists of seven levels of car parking and 25 floors of apartments, with 222 units in total.

Facilities                                         Yes: Pool, Sauna, Gym, Meeting Room & Outdoor BBQ area


Owners Corp.                              The Knight Alliance

                                                               P.O Box 678

                                                               Malvern  VIC  3144

                                                               Ph: 9509 3144




Council                                            City of Melbourne

                                                               P.O Box 1603

                                                               Melbourne VIC 3001

                                                               Ph: 9658 9658




Water                                                 City West Water

                                                               Locked Bag 350

                                                               St Albans Road

                                                               Sunshine  VIC  3020

                                                               Ph: 131 691


Building Comment:


The Regency Towers remains a popular choice, with many buyers following the building closely for the right apartment to come on the market. It has a strong sense of community that is often commented upon, especially with the trend towards a more insular lifestyle. The overall units sizes are larger than more recent developments

Reported Sales Financial Year 2009-2010

Month Apartment Beds Size m2 Car Price
May 2010 1801   109 Yes $888,000
Apr 2010 1103 2 88 Yes $665,000
Mar 2010 1501   109 Yes $805,000
Feb 2010 2502   76 Yes $655,000
Nov 2009 1204   93 Yes $575,000
Oct 2009 1605   151 Yes $1,125,000
Oct 2009 2005   151 Yes $1,225,000
Sep 2009 2603       2 88 Yes $660,000
Sep 2009 2102 2 76 Yes $570,000
Sep 2009 2810   109 Yes $930,000
Sep 2009 2803   88 Yes $565,000
Aug 2009 1709   98 Yes $695,000
Aug 2009 2408 2 76 Yes $577,000


What’s My Property Worth? http://cityresidential.harcourts.com.au/Value.aspx


Buyer Profiles

Over the past 12 months the most common buyer profiles buying in the building have been

Upgraders, Empty Nesters, Emotional Investors & Peid-A-Terre buyers

Use this link for a full description of these buyer profiles and others we often work with throughout the inner city – http://tinyurl.com/289vdhm


James Says Do Not Miss…….

My favorite aspect is the rooftop facilities. With many building the pool or gym are squirreled away in the basement or low floors and feel uninviting and often go unused.

I appreciate the central location of the Regency Towers situated in such a well established part of the city with quick and easy access to all of Melbourne’s interesting laneways, fantastic shopping, the theatres, sports and well…. everything!


What our Vendors say…….

“Thank you again for all your assistance over the past few weeks. You have been able to assist us in achieving a result that we are extremely happy with. The whole process we have felt as if we were your only client and that the result was as important to you as us. Your service and professionalism has been amazing so we appreciate the assistance, again……. We could not have been happier with the process”.

Andrew – Recent Vendor

For more testimonials from past, present and potential clients from both sale & leasing please visit – http://harcourtscityresidential.wordpress.com/testimonials/


Reported Rentals

Month Apartment Bedrooms Bath Rent P/week
 29-06-2010 265 2 2 $630 pw
 17-06-2010 1002/265 3 2 $660 pw
 07-06-2010 1309/265 2 3 $675 pw
 18-05-2010 2303/265 2 2 UNDISCLOSED
 30-04-2010 1009/265 2 2 $645 pw
 21-04-2010 1009/265 2 2 $645 pw
 19-04-2010 2906/265 1 2 $550 pw
 24-03-2010 1204/265 2 2 UNDISCLOSED
 17-03-2010 2010/265 3 2 $795 pw
 17-03-2010 2010/265 3 2 $795 pw
 16-03-2010 809/265 2 2 $480 pw
 26-02-2010 2403/265 2 2 UNDISCLOSED
 09-02-2010 1003/265 2 2 $720 pw
 03-02-2010 1506/265 2 2 $580 pw
 24-12-2009 3002/265 2 2 $400 pw
 20-10-2009 804/265 2 2 $550 pw
 15-10-2009 2008/265 2 2 $500 pw
 22-09-2009 1903/265 2 2 $660 pw
 01-09-2009 1303/265 2 2 UNDISCLOSED
 13-08-2009 2301/265 3 2 $650 pw
 10-08-2009 265 3 2 $750 pw
 27-07-2009 1506/265 1 1 $600 pw
 08-07-2009 1002/265 3 2 $660 pw


What’s My Property Worth?http://cityresidential.harcourts.com.au/Value.aspx


What our Landlords say…….

“Harcourts City Residential were terrific. I had a vacant Melbourne City apartment in a prime location for three months with my previous Melbourne city agent. I then spoke to Dionne Wilson from Harcourts City Residential. As soon as speaking to Dionne, I knew her professionalism and helpfulness would ensure my apartment would be tenanted very soon. Not only did Dionne find me tenants within 10 days, Dionne was able to market my apartment at the market price (which was my asking price) and not a much lower price that my previous agent had my apartment advertised at .Thank you Dionne and Harcourts City Residential my stress is finally over.”.

Antonio – Landlord

For more testimonials from past, present and potential clients from both sale & leasing please visit – http://harcourtscityresidential.wordpress.com/testimonials/



Referral Partners:



Strand Conveyancing:


A dedicated team of professionals with many years experience make transacting in property an easy and straightforward process. Strand are in partnership with Pointon Partners Lawyers, a leading Australian commercial law firm, with specialist expertise in property law matters so no matter how complex or technical your transaction may be, they have the necessary professional expertise on hand to ensure everything runs smoothly. Email us today for more information or to have a Strand consultant call you cityresidential@harcourts.com.au


Harcourts Financial Services:

Working with all major lenders Harcourts Financial Services is your obligation-free one stop shop to finding the “best fit” loan available for you at any given time. Remember it’s not just about the cheapest loan, whilst that’s important, it’s even more important to have the right loan for what you what to achieve now and in the future as refinancing down the track can be expensive. Harcourts Financial Services professional brokers work with you to get it right the first time! Email us to have your local broker contact your today. cityresidential@harcourts.com.au


Real Property Matters:

Depreciation schedules are an essential tool for investors to make sure you’re getting the maximum tax benefits from your property investment. Real Property Matters are experts in this field and have a range of innovative, market leading tools adding additional value to this important service. As a client of Harcourts you’ll receive a special rate and additional services; email us so we can ensure you get the Harcourts special rate. cityresidential@harcourts.com.au



Helpful Links:



Foreign Investment Review Board – FIRB:

Recent change in legislation has affected foreigners purchasing property in Australia. It’s important to be aware of any restrictions that may be placed on you when considering purchasing property in Australia if you’re not an Australian or New Zealand Citizen. You can seek further information from the FIRB website – http://www.firb.gov.au/content/real_estate/real_estate.asp


State Revenue Office – SRO:

State Revenue Office – SRO – The State Revenue Office are responsible for the calculation and collection of Stamp Duty and also govern the First Home Owners Grant FHOG among other things.

State Revenue Office Stamp Duty Calculator http://tinyurl.com/33f99jc

First Home Owners Grant – FHOG

Information – http://tinyurl.com/3ybukne

Application – http://tinyurl.com/36ahvjg


Australian Tax Office – ATO:

From Capital Gains Tax to allowable deductions you’ll find lots of helpful information on the ATO website or contact your qualified accountant: http://www.ato.gov.au/



James Edmundson

Sales Agent – Harcourts City Residential

Ph: 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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