End Of Financial Year Report – Wellington Gardens, Melbourne
It’s that time of year again!
James Edmundson from Harcourts City Residential has prepared your 2009-2010 End of Financial Year Report for Wellington Gardens, East Melbourne.
We hope you enjoy it and look forward to your feedback.
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‘Melbourne’ Apartment Sales Statistics
Wellington Gardens Sales Statistics
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Building Details & Particulars
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Age Registered in 1993
Developer Becton www.becton.com.au
Apartments Variety of 1,2 and 3 bedroom units and Mezzanine townhouses.
Facilities The development has a great sense of community which is encouraged by the facilities of 2 outdoor heated swimming pools, a recently renovated gymnasium & access to the ‘Lord Wellington Club’. An onsite caretaker ensures the grounds remain clean & tidy & a dedicated team of gardeners can be seen on the grounds most days of the week. The extremely well kept grounds and amazing gardens are certainly a stand out feature for buyers & owners alike.
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Owners Corp. The Knight Alliance
P.O Box 678
Malvern VIC 3144
Ph: 9509 3144
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Body Corporate Services
Level 14, 575 Bourke Street
Melbourne
VIC 3000
Ph: +61 3 9616 1699
Fax: +61 3 9616 1698
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Council City of Melbourne
P.O Box 1603
Melbourne VIC 3001
Ph: 9658 9658
enquiries@melbourne.vic.gov.au
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Water City West Water
Locked Bag 350
St Albans Road
Sunshine VIC 3020
Ph: 131 691
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Building Comment:
The past 12 months have been extremely positive for Wellington Gardens with demand remaining strong throughout the year and owners enjoying significant growth.
Reported Sales Financial Year 2009-2010
201 Wellington Parade South
| Month | Apartment | Beds | Size m2 | Car | Price |
| APR 10 | 35 | 3 | 146 | 2 | $880,000 |
| OCT 09 | 3 | 111 | $650,000 | ||
| JUL 09 | 43 | 146 | $790,000 | ||
| JUL 09 | 17 | 56 | $430,000 | ||
| JUN 09 | 25 | 2 | 97 | 1 | $659,000 |
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211 Wellington Parade South
| Month | Apartment | Beds | Size m2 | Car | Price |
| AUG 10 | 74 | 3 | 148 | 2 | $945,000 |
| FEB 10 | 55b | 103 | $751,000 | ||
| MAY 09 | 69 | 108 | $702,000 | ||
| MAY 09 | 24 | 73 | $501,000 | ||
| APR 09 | 60 | 92 | $705,000 | ||
| MAR 09 | 4b | 106 | $720,000 |
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1 Wellington Crescent
| Month | Apartment | Beds | Size m2 | Car | Price |
| MAR 10 | 65 | 1 | $484,000 | ||
| OCT 09 | 56 | 3 | $825,000 |
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2 Wellington Crescent
| Month | Apartment | Beds | Size m2 | Car | Price |
| DEC 09 | 6 | 2 | 92 | 2 | $750,000 |
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8 Wellington Crescent
| Month | Apartment | Beds | Size m2 | Car | Price |
| JAN 10 | 25 | 2 | $695,000 | ||
| AUG 09 | 7 | 2 | $779,500 |
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What’s My Property Worth? http://cityresidential.harcourts.com.au/Value.aspx
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Buyer Profiles
Over the past 12 months the most common buyer profiles buying in the building have been
First Home Buyers, 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
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James Says Do Not Miss…….
The sense of community. Whilst East Melbourne as a whole has a great quiet and neighbourly feel, Wellington Gardens is a cut above the rest. You would be forgiven in thinking you have returned to a leafy outer suburb when you arrive home.
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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
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For more testimonials from past, present and potential clients from both sale & leasing please visit – http://harcourtscityresidential.wordpress.com/testimonials/
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Reported Rentals:
| Unit | Rent | Date | Bed | Bath | |
| 1 | Wellington Crescent | $440 pw | 03-06-2010 | 1 | 1 |
| 15/211 | Wellington Parade South | $800 pw | 02-06-2010 | 3 | 1 |
| 38/211 | Wellington Parade South | $660 pw | 14-04-2010 | 2 | 2 |
| Wellington Crescent | $390 pw | 26-02-2010 | 1 | 1 | |
| 211 | Wellington Parade South | $700 pw | 28-01-2010 | 3 | 2 |
| 62/1 | Wellington Crescent | $360 pw | 15-01-2010 | 1 | 1 |
| 39/1 | Wellington Crescent | $490 pw | 13-01-2010 | 2 | 2 |
| 76/211 | Wellington Parade | $520 pw | 26-10-2009 | 2 | 2 |
| Wellington Crescent | $600 pw | 16-10-2009 | 3 | 2 | |
| Wellington Crescent | $500 pw | 05-10-2009 | 2 | 2 | |
| 38/211 | Wellington Parade South | $695 pw | 04-09-2009 | 2 | 2 |
| 69/211 | Wellington Parade South | $620 pw | 28-08-2009 | 3 | 2 |
| 43/211 | Wellington Parade South | $560 pw | 31-07-2009 | 2 | 2 |
| 64b/211 | Wellington Parade South | $450 pw | 21-07-2009 | 2 | 2 |
| 70/1 | Wellington Crescent | $420 pw | 09-07-2009 | 2 | 1 |
| 2/211 | Wellington Parade South | $480 pw | 02-07-2009 | 2 | 2 |
| 73/211 | Wellington Parade South | $720 pw | 15-06-2009 | 3 | 2 |
| Wellington Crescent | $550 pw | 12-04-2010 | 2 | 2 | |
| 2/201 | Wellington Parade South | $460 pw | 21-01-2010 | 2 | 1 |
| 7/201 | Wellington South Parade | $470 pw | 23-12-2009 | 2 | 2 |
| Wellington Crescent | $540 pw | 02-11-2009 | 3 | 2 | |
| 42/201 | Wellington Parade South | $570 pw | 02-11-2009 | 2 | 2 |
| 33/201 | Wellington Parade | $495 pw | 20-10-2009 | 2 | 2 |
| Wellington Crescent | $750 pw | 24-08-2009 | 3 | 4 | |
| 15/201 | Wellington Parade South | $495 pw | 18-08-2009 | 2 | 2 |
| 15/201 | Wellington Parade South | $495 pw | 18-08-2009 | 2 | 2 |
| Wellington Crescent | $590 pw | 10-08-2009 | 3 | 2 | |
| 42/201 | Wellington Parade South | $570 pw | 17-07-2009 | 2 | 2 |
| 1 | Wellington Crescent | $440 pw | 03-06-2010 | 1 | 1 |
| 15/211 | Wellington Parade South | $800 pw | 02-06-2010 | 3 | 1 |
| 38/211 | Wellington Parade South | $660 pw | 14-04-2010 | 2 | 2 |
| Wellington Crescent | $390 pw | 26-02-2010 | 1 | 1 | |
| 211 | Wellington Parade South | $700 pw | 28-01-2010 | 3 | 2 |
| 62/1 | Wellington Crescent | $360 pw | 15-01-2010 | 1 | 1 |
| 39/1 | Wellington Crescent | $490 pw | 13-01-2010 | 2 | 2 |
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What’s My Property Worth? – http://cityresidential.harcourts.com.au/Value.aspx
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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
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For more testimonials from past, present and potential clients from both sale & leasing please visit – http://harcourtscityresidential.wordpress.com/testimonials/
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Referral Partners:
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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
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Strand Conveyancing Services:
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
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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
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Helpful Links:
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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
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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
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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.
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James Edmundson
Sales Agent – Harcourts City Residential
Ph: 03 9664 8100 Mob: 03 9664 8116
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.