End Of Financial Year Report – 25 Hotham Street, East 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 25 Hotham St, East Melbourne

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

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‘Melbourne’ Apartment Sales Statistics

25 Hotham St. Sales Statistics

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Building Details & Particulars

Age                              Building converted from motel to residences 2004       

Zoning                      Residential Zone 1

Levels                        3 (including ground)

Apartments          All except the original managers unit are between 27-31m2 studios. The corners and front facing units have more light.

Facilities                 Communal laundry

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Owners Corp.     ACE Body corporate management

                                     Suite 209/63 Stead St,

                                     South Melbourne VIC 3205   

                                     Ph: 9699 2299

                                     city@acebodycorp.com.au

                                     http://acebodycorp.com.au/

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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:

25 Hotham St has had a great twelve months with many investors choosing to sell up as the units recover from their low water of sub $200K. The removal of the ivy has greatly reduced the long term maintenance of the block whilst retaining its charm.

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Reported Sales Financial Year 2009-2010

Month Apartment Beds Size m2 Car Price
Jun 09 114 Studio 27 No $255,000
Nov 09 214 Studio 27 No $257,000
Jan 10 7 Studio 30 No $245,000
Feb 10 208 Studio 30 No $255,000
Mar 10 101 Studio 27 No $260,000
May 10 3 Studio 30 No $260,000

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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 profile buying in the building have been

Astute Investors & Peid-A-Terre

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…….

Walking to work. Just fifteen minutes walk to the city the ever changing leafy streets of East Melbourne never cease to impress.  You’d be forgiven for thinking you were living in a quite outer suburb, parks around almost every corner, discreet coffee shops, and fantastic public transport ensures that this suburb is popular with the locals. The MCG on our doorstep doesn’t hurt either making East Melbourne one of those sought after

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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

Month Apartment Bedrooms Size m2 Car Rent P/Week
Jun 09 103 Studio 30 $230
Jul 09 211 Studio 30   $270
Oct 09 114 Studio 30   $400
Jun 10 103 Studio 30   $260

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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 James Edmundson 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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