End Of Financial Year Report – 8 Bligh Place, Melbourne

It’s that time of year again!

Dionne Wilson from Harcourts City Residential has prepared your 2009-2010 End of Financial Year Report for 8 Bligh Place, Melbourne, Leicester House

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

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‘Melbourne’ Apartment Sales Statistics

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‘Leicester House’ Sales Statistics

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Building Details & Particulars

Age                        Leicester House is architecturally significant as a commercial building, dating from the 1880s, with an elaborately modeled Gothic facade. It now stands as residential apartments. 

Zoning                Capital City Zone Schedule 2 – http://tinyurl.com/23clunr

Levels                  5

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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 at Leicester House have been quiet, but that’s to be expected in boutique block of tightly held apartments.

Owners have been enjoying steady capital growth in their homes and investments alike. Properties that went on the market over the past year have achieved excellent results, with only a few privileged clients being able to attain this prestigious address.

The stunning heritage façade hides the well appointed and much loved units of Bligh Place, making it a Melbourne property icon adored by all who visit.

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Reported Sales Financial Year 2009-2010

Month Apartment Beds Size m2 Car Price
Oct. 2009 408       $1,050,000
Jul. 2009 105       $665,000

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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 profiles buying in the building have been

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

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Claire Says Do Not Miss…….

The Deanery- Bar, Kitchen and Wine Cellar

Industrial elegance fills the premise of this well kept secret, The Deanery. Upon arrival you can expect to be greeted by good nature and genuine personality. The staff are of wonderful character and will have you feeling right at home from the moment you step through the vast wooden doors.

The wine list is extensive yet well refined holding tastes to be well desired. The menu replicates this, with gourmet flavors and respected combinations.

I had the chargrilled lamb shoulder which was garnished tastefully and complimented my glass of white perfectly.

The Deanery succeeds on every level presenting brilliant atmosphere, marvelous food and exceptional service. I will persist in taking my clients for a glass of wine after inspections of the chic and much loved units of 8 Bligh Place.

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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
Nov. 2009 1   $360

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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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Dionne Wilson

Business owner and director– Harcourts City Residential

Ph: 03 9664 8100          Mob: 0417 318 705

E: dionne.wilson@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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