End of Financial Year Report Royal Flagstaff, 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 the ‘Royal Flagstaff’ at 33 Jeffcott St, Melbourne.

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

‘Melbourne’ Apartment Sales Statistics

‘Royal Flagstaff’ Sales Statistics

Building Details & Particulars

Age                    Completed in 1996 

Zoning           Mixed Use Zone (MUZ)  http://www.dse.vic.gov.au/planningschemes/aavpp/32_04.pdf

Levels            15

Architectural

style:                 Modern

Facilities        Swimming Pool, Sauna, Tennis Court, Gym and garden courtyard with BBQ.

 

Owners Corp. Melbourne Inner City Management

(03) 9697 8888

 

Council   City of Melbourne

P.O Box 1603

Melbourne VIC 3001

Ph: 9658 9658

enquiries@melbourne.vic.gov.au

www.melbourne.vic.gov.au

 

Water        City West Water

Locked Bag 350

St Albans Road

Sunshine  VIC  3020

Ph: 131 691

www.citywestwater.com.au

Building Comment:

The past 12 months have been exciting in terms of sales figures for 33 Jeffcott Street with prices up and owners enjoying steady growth.  The Royal Flagstaff experienced less activity compared to the previous financial.  This confirms that apartments within this complex are being tightly held due to strong growth.

Despite the uncertainty of the global financial crisis in the past year, the Royal Flagstaff has seen an increase in average apartment sale prices over $40,000, compared the previous financial year.

After speaking with many of the owners in the building it is evident that spirits are very high and most owners are certainly satisfied with the appreciation in value of their property.

Looking forward, the Royal Flagstaff offers a unique buying opportunity in a highly sought after pocket of Melbourne.  This should cushion it from too many market fluctuations for the coming financial year.

Reported Sales Financial Year 2009-2010

Month Apartment Beds Size m2 Car Price
April 2010 79 2 86m2 1 $545,000
Mar 2010 88 3 109m2 1 $605,000
Dec 2009 32 2 88m2 1 $475,000
Sep 2009 43 3 105m2 1 $535,000

What’s My Property Worth? http://cityresidential.harcourts.com.au/Value.aspx

Buyer Profiles

Over the past 12 months the most common buyer profiles buying in the building have been

Astute and Emotional Investors.

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

Dionne Says Do Not Miss…….

I love the superb location of the Royal Flagstaff building.  It offers a great experience of a short stroll through Flagstaff gardens to the famous Victoria Market, and is just a stones throw from the CBD’s fantastic cafés, restaurants and nightspots.  West Melbourne, and especially the Royal Flagstaff Building, is a highly sought after pocket of Melbourne as it is an easily accessible location that offers a tranquility that comes from being nestled next to the beautiful Flagstaff Gardens.

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

For more testimonials from past, present and potential clients from both sale & leasing please visit – http://harcourtscityresidential.wordpress.com/testimonials/

Reported Rentals

Month Apartment Bedrooms Size m2 Rent P/Week
Jan 2010 133 3 190m2 $1000
Nov 2009 113 3 105m2 $650
Nov 2009 3 3 105m2 $600
Sep 2009 1 3 104m2 $590
Aug 2009 83 3 105m2 $590
Aug 2009 48 3 109m2 $600
Jul 2009 119 2 86m2 $450
Jul 2009 88 3 109m2 $620

What’s My Property Worth?http://cityresidential.harcourts.com.au/Value.aspx

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

For more testimonials from past, present and potential clients from both sale & leasing please visit – http://harcourtscityresidential.wordpress.com/testimonials/

Referral Partners

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

.

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

.

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

.

.

Helpful Links:

.

.

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

.

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

.

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/

Dionne Wilson
Harcourts City Residential
Ph:
03 9664 8100
E: cityresidential@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.

Leave a Reply