End Of Financial Year Report – 120 Sturt Street, Southbank

It’s that time of year again!

Wayne Greville from Harcourt’s City Residential has prepared your 2009-2010 End of Financial Year Report for 120 Sturt Street, Melbourne.

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

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‘Southbank’ Apartment Sales Statistics

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‘Southbank’ Sales Statistics

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Building Details & Particulars

Age                                     Development built in 1993

Zoning                             Mixed use

                                              http://www.dse.vic.gov.au/planningschemes/aavpp/32_04.pdf

Levels                              4

Apartments                132

Facilities                       Security Parking / Pool / Spa / Tennis Court

Owners Corp.            Ace Body Corporate Management – City

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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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Building Comment:

The past 12 months have been extremely positive for 120 Sturt st with prices up across the board and owners enjoying significant growth. The upcoming development of the arts precinct area can only highlight how well positioned this building is combined with the fact that is only one of few low rise buildings in Southbank makes it extremely appealing to the astute purchaser.

Reported Sales Financial Year 2009-2010

Month Apartment Beds Size m2 Car Price
May. 2010 26 1 60 + courtyard 1 $426,100
Feb. 2010 92 3 94 1 $565,000
Jan 2010 60 2 78 1 $485,000
Oct. 2009 5 2 78 1 $465,000

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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

First Home Buyers, Emotional Investors & Empty Nesters, buyers

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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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Wayne Says Do Not Miss…….

Now that the warmer months are amongst entertaining around the pool or taking an evening stroll thru the botanic gardens

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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
Sep. 2010 35 2 Undisclosed
Aug. 2010 118 2 Undisclosed
Jun. 2010 44 1 $440
May. 2010 96 2 Undisclosed
Apr. 2010 51 2 $485
Apr. 2010 68 3 $595
Mar. 2010 118 2 $550
Feb. 2010 91 2 $420
Feb. 2010 106 2 $550
Jan. 2010 8 3 $600
Jan. 2010 10 2 $420
Dec. 2009 40 2 $450
Dec. 2009 131 2 $460
Oct. 2009 65 2 $370
Sep. 2009 133 2 Undisclosed
Sep. 2009 44 1 Undisclosed
Sep. 2009 106 2 Undisclosed
Aug. 2009   3     $550

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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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Wayne Greville

Sales Agent – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0411 135 898

E: wayne.greville@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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