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