End of Financial Year Report – Freshwater Place, 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 Freshwater Place, Melbourne.

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

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‘Southbank’ Apartment Sales Statistics

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Freshwater Place Sales Statistics

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Building Details & Particulars

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Age                                  Development built in

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

Levels                            59

Apartments               448

Architect                      Bates Smart and McCutcheon Pty Ltd

Facilities                       Fully Equipped gymnasium, pool, spa, sauna, roof top garden, bbq area

Owners Corp.             The Knight Alliance 9509 3144

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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                  South East Water

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Building Comment:

The past twelve months continues to underline what an astute financial investment was made when purchasing at Freshwater Place.  Average sale price’s achieving 35% more than those sharing the Southbank post code and prices within the complex averaging over 5% more than for the previous period. Being perched on the banks of the Yarra between Crown and Southgate with views of the CBD and the Bay continues to put Freshwater Place high on the list of purchasers.

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Reported Sales Financial Year 2009-2010

1 Queensbridge Square

Month Apartment   Size m2   Price
           
Apr  2010 5305   219   $2,025,000
Apr 2010 2312   109    $  820,000
Mar 2009 1412   109   $750,000
Feb 2010 1306   94   $940, 000
Feb 2010 2710   73   $555,000
Feb 2010 4905   102   $1,035,000
Jan 2010 4904   181   $2,099,000
Dec 2009 3907   65   $540,000
Dec 2009 4309   113   $973,000
Nov 2009 1209   70   $530,000
           
Oct 2009 1704   67   $250,000
Oct 2009 5602   182   $2,100,000
Oct 2009 1108   64   $400,000
Sep 2009 4611   116   $1,030,000
Sep 2009 3510   51   $380,000
Sep 2009 4511   116   $1,020,000
Sep 2009 5401   130   $1,485,000
Sep 2009 4804   102   $970,000
Aug 2009 5201   130   $1,430,000
Aug 2009 2808   70   $480,000
Jul 2009 1710   73   $475,000
           
Jul 2009 4506   108   1,150,000
           

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Reported Sales Financial Year 2009-2010

1 Freshwater Place

Month Apartment Beds Size m2 Car Price
Jun 2010 3704   89   $   880,000
Jun 2010 3107   141   $1,400,000
Jun 2010 2409   70   $   515,000
May 2010 1801   137   $   950,000
May 2010 1505   50   $   542,000
May 2010 2311   51   $   403,000
Apr 2010 5604   222   $ 3,178,000
Apr 2010 3606   126   $1,305,000
Apr 2010 2006   94   $1,300,000
Mar 2010 5504   222   $ 3,096,000
Mar 2010 2909   70   $    575,000
Mar 2010 2701   136   $1,295,000
Feb 2010 4108   98   $   840,000
Feb 2010 3701   136   $   135,000
Feb 2010 3701   136   $   600,000
Jan 2010 4504   66   $   685,000
Jan 2010 3706   126   $ 1,330,000
Jan 2010 4704   66   $    650,000
Jan 2010 3903   92   $   875,000
           
Dec 2009 3109   70   $   520,000
Dec 2009 4508   65   $   821,000
Dec 2009 5007       $   555,000
Dec 2009 2812   109   $   849,200
           
Nov 2009 4610   60   $535,000
Nov 2009 3201   137   $1,289,000
Nov 2009 4705   49   $530,000
Nov 2009 2908       $492,000
Nov 2009 612       $1,500,000
Oct 2009 2508       $520,000
Oct 2009 3211   109   $892,000
Oct 2009 3902   60   $582,500
Oct 2009 810       $1,307,000
Sept 2009 2905   50   $510,000
Sep 2009 326       $925,000
Sept 2009 4901   130   $1,400,000
Sep 2009 318       $940,000
Sep 2009 5601   130   $1,545,000
Sep 2009 614       $1,427,000
Sep 2009 3708   70   $608,300
Sep 2009 3811   109   $939,950
Jul 2009 3911   109   $948,200
Jul 2009 320       $940,000
Jul 2009 2601   136   $1,217,700
Jul 2009 3112   109   $742,000
Jul 2009 3709       $540,000
Jul 2009 1606   94   $1,050,000
Jul 2009 2912   109   $750,000
          $831,600
Jul 2009 1501   136   $1,102,200

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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

Emotional Investors, Up graders & 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…….

Melbourne is all about the coffee so be sure not to walk past Blossom right on your door step.  Located in the food alley at Freshwater Place, this hidden gem is the choice of many Melbourne barista’s as they roast their own coffee to ensure quality control. It’s rare to find a place that does coffee and food well, but this place has the food covered too. A short menu that changes daily using the freshest produce the season has to offer.

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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 Freshwater Place 

Month Apartment Bedrooms Size m2 Car Rent P/Week
June 5904 3     $1950
May 5904 3     $1195
May 4506 3     $1100
April 3708 1     $580
April 5301 2     $1100
April 1203 1     $825
April 1212 2     $1200
March 2909 1     $550
Nov 612 3     $2000
Nov 2807 2     $900
Oct 3904 2     $800
Oct 625 1     $600
Sept 3910 1     $500
Sept 3510 1     $440
Sept 2502 1     $760
Sept 1909 1     $530
Sept 1808 1     $400
Aug 2007 2     $1100
Aug 2310 1     $475
Aug 3106 2     $800
Aug 3501 3     $970
July 4506 3     $900
July 1408 1     $475
July 1904 1     $595
July 3608 1     $520
July 2308 1     $480

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Reported Rentals Queensbridge Square

Month Apartment Bedrooms Size m2 Car Rent P/Week
April 4704 1     $675
Dec 303 1     $490
Nov 3904 2     $800
Oct 4102 1     $650
Aug 624 1     $520
Aug 623 1     $520
Aug 4709 1     $750
           

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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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