End of Financial Year Report – 201 Spring Street, Melbourne


2009-2010 Financial Year Report for 201 Spring St, Melbourne



Common Buyer Profiles


First Home Owners Information


Foreign Investment Review Board


Stamp Duty Calculator


What’s my property worth?


Agent Comment:

“It’s that time of year again! James Edmundson from Harcourts City Residential has prepared your 2009-2010 End of Financial Year Report for “Park Tower” 201 Spring Street, Melbourne.  We hope you enjoy it and look forward to your feedback.”

Building Comment:

Continued demand for the Paris end of town has ensured that ‘Park tower” has remained on peoples shopping list, with a strong increase in the sales results from last financial year. As the closest residential tower on the Bourke street side of The Windsor hotel, owners will be interested in the current status of the redevelopment:


‘Melbourne’ Apartment Sales Statistics
‘Park Tower’ Sales Statistics

Previous Reports:

Financial Report 2009 UPDATE!: 2011 Financial Report Now Available

Building Facilities:

Yes: Function Room, Caretaker and Underground Secure Parking
Building Name: Park Tower

Year Built:

Late 1960’s

Owners Corporation:

Ken Stout:
Phone: 9662 23266                                                       Email: 6093359@bigpond.net.au
Building Manager: Ian Green:
Phone: 9662 2326
No. of Apartments: 113 apartments over 18 Levels
Council: City of Melbourne
Zoning: Capital City Zone Schedule 2 http://tinyurl.com/23clumr
REPORTED SALES – Financial Year 2009 – 2010 BED BATH Offstreet Price Date
2.1 1 1 0 350,000 05/2010
13.1 2 1 1 606,000 05/2010
14.3 1 1 1 577,000 02/2010
14.4 1 1 0 383,000 12/2009
13.2 1 1 0 326,000 11/2009
171A 3 2 2 1,310,000 10/2009
REPORTED RENTALS – Financial Year 2009 – 2010 BED BATH Offstreet Rent (pw) Date
9.2 1 1 0 10/2009
2.3 1 1 0 400 10/2009
17.1 3 2 2 950 08/2009
13.3 2 1 0 430 06/2009

Buyer Profiles

Over the past 12 months the most common buyer profiles purchasing in the building have been Upgraders, Empty Nesters & 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…….

The nightlife at this end of town. Whether taking in the latest show at the Princess theatre or dining with friends at any number of continental cafes and restaurants, the Paris end of town epitomises the heritage and charm that has made Melbourne the world’s third most liveable city.


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/



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


Referral Partners:



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


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


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

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.





*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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