End of Financial Year Report Eureka, Southbank

It’s that time of year again!

Wayne Greville from Harcourts City Residential has prepared your 2010 End of Year Report for Eureka, 7 Riverside Quay, Southbank.

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

‘Melbourne’ Apartment Sales Statistics

‘Eureka’ Sales Statistics

Building Details & Particulars

Built                  Completed 2006

Architect       Fender Katsalidis Pty Ltd            

Zoning             Capital City Zone Schedule 1 – http://www.dse.vic.gov.au/planningschemes/aavpp/37_04.pdf

Levels            92

Facilities      Pool, Sauna, Gym, Private cinema, 24 hour concierge/security

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        South East Water Limited

                      Locked Bag 1

                      Moorabbin   VIC  3189

                      Ph: 131 694

                       info@sewl.com.au

Reported Sales Financial Year 2009-2010

Month Apartment Beds Size m2 Car Price
   Dec 2010 3302 2 128 1 945,000
Dec 2010 5601 2 135 2 1,150,000
Dec 2010 6508 3 164 2 1,710,000
Dec 2010 3307 2 124 2 1,100,000
Dec 2010 2003 1 116 1 490,000
Dec 2010 5405 2 100 1 965,000
Nov 2010 3502 2 128 1  
Nov 2010 3311 3 129 2 1,150,000
Nov 2010 2410 2 89 1 990,000
Nov 2010 2308 2 128 1 1,100,000
Nov 2010 5908 3 172 3 1.795,000
Oct 2010 4107 2 124 2 1,200,000
Oct 2010 3405 2 2 2 950,000
Oct 2010 2811 3 2 2 1,180,000
Oct 2010 5410 3 150 2 1,480,000
Sep 2010 3502 2 128 1 945,000
Sep 2010 4106 1 67 1 630,000
Sep 2010 2401 2 116 1 812,500
Sep 2010 5107 2 124 1 1,200,000
Aug 2010 6607 2 127 2 1,360,000
Aug 2010 1803 1 116 1 452,000
Jul 2010 3410 3 150 2 1,475,000
Jul 2010 3307 2 124 2 1,100,000
Jul 2010 3504 2 89 1 840,000
Jun 2010 5008 2 128 2 1,275,000
Jun 2010 2710 3 150 2 1,300,000
May 2010 5001 2 116 1 990,000
May 2010 3908 2 128 2 1,200,000
May 2010 6907 2 127 1 1,280,000
May 2010 1810 2 89 2 720,000
May 2010 1911 3 129 2 1,050,000
May 2010 4103 1 60 1 445,000
May 2010 3304 2 89 1 850,000
Apr 2010 4403 1 60 1 528,000
Apr 2010 3411 3 129 2 1,200,000
Apr 2010 1204 2 89 1 615,000
Apr 2010 4307 2 124 2 1,250,000
Apr 2010 7902 3   2 2,100,000
Apr 2010 1104 2 89 1 605,000
Apr 2010 5108 2 128 1 1,100,000
Mar 2010 2608 2 128 1 1,030,000
Feb 2010 5905 2 100 1 975,000
Feb 2010 1504 2 89 1 635,000
Feb 2010 7807 2 127 2 1,400,000

 

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

Upgraders, Emotional Investors & Empty Nesters 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

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
Dec 2702 2 128   750
Dec 1611 3 129   830
Dec 4502 2 128   850
Dec 2108 2 128   750
Nov 7208 3 164   1300
Oct 1804 2 89   875
Oct 6402 2 128   950
Sep 6601 3 135   950
Sep 1402 2 128   690
Sep 2802 2 128   820
Sep 1111 3 129   795
Aug 4911 3 129   1100
Jul 5607 2 127   850
Jul 5803 1 60   550
Jun 5602 2 128   850
Apr 5704 1 89   825
Apr 1809 1     650
Apr 1510 1 89   555
Apr 1404 1 89   560
Apr 2304 1 89   540
Apr 3407 2 124   750
Apr 2803 1 60   465
Apr 6607 2 127   1125
Apr 7808 3 164   1300
Apr 1702 2 128   720
Mar 7402 3     1250
Mar 2102 2 128   770
Mar 4003 1 60   480
Mar 1209 1 60   470
Mar 5001 2 116   730
Mar 3207 2 124   790
Mar 3204 1 89   620
Mar 7807 2 127   1050
Mar 2003 1 60   470
Mar 6601 3 135   950
Mar 2102 2 129   770
Mar 4506 1 67   750
Feb 2307 2 124   715
Feb 6206 1 67   720
Feb 1504 1 89   520
Feb 1809 1 60   650
Feb 3603 1 60   650
Feb 4905 2 89   770
Feb 7902 3     1400
Feb 3302 2 128   1050
Jan 3702 2 128   780
Jan 1105 2 89   680
Jan 5804 1 89   650
Jan 3404 1 89   620
Jan 2004 1 89   550
Jan 2810 3 150   1000
Jan 4703 1 60   475
Jan 3902 2 129   790
Jan 4104 1 89   800
           

 

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

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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/

Wayne Greville

Sales Agent – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0411 135 613

E: wayne.greville@harcourts.com.au 

Web: www.cityresidential.harcourts.com.au 

*Harcourts City Residential has gathered this information toprovide 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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