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

theknight@theknight.com.au

www.theknight.com.au

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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

www.melbourne.vic.gov.au

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Water City West Water

Locked Bag 350

St Albans Road

Sunshine  VIC  3020

Ph: 131 691

www.citywestwater.com.au

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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.

http://www.ato.gov.au/

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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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