End of Financial Year Report: 280 Spencer Street, Melbourne “The Mondriane Tower”

It’s that time of year again!

Dionne Wilson from Harcourts City Residential has prepared your 2010-2011 End of Financial Year Report for 280 Spencer St, Melbourne.

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

p1

‘Melbourne’ Apartment Sales Statistics’

p2p3

‘The Mondriane Tower’ Sales Statistics’

p4p5

Building Details & Particulars

Levels 26

Zoning Capital City Zone Schedule 1 – http://tinyurl.com/23clunr

Apartments 149

Facilities Yes: Pool and Gym

 

Owners Corp. Metro Body Corporate Management Services

 P.O. BOX 251

Essendon North
VIC 3041

Ph: 0418 512 029

Email : office@metroownerscorp.com.au

 

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:

This past financial year has been quite turbulent for the Melbourne market, yet 280 Spencer Street managed to maintain values.  With fewer apartments sold than the previous financial year prices managed to remain consistent.  A positive sign considering recent market trends with many surrounding buildings experiencing a severe decline.

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

Looking forward, The Mondriane Tower 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.

Agent Reported Sales Financial Year 2010-2011

Month

Apartment

Beds

Size

Balcony

Car

Price

Mar 11

1304

2

53m2

7m2

1

Withheld

Feb 11

1202

1

47m2

3m2

$330,000

Jan 11

2104

2

70m2

15m2

2

$510,000

Sep 10

1008

1

47m2

8m2

1

$360,000

Sep 10

1604

1

52m2

4m2

1

$360,000

Aug 10

1208

1

47m2

9m2

$330,000

Jul 10

1904

1

52m2

4m2

1

$365,000

What’s My Property Worth? http://bit.ly/qJi9SB

Buyer Profiles

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

Dionne Says Do Not Miss…….

I love the central location of The Mondriane Tower situated in the most up and coming part of the city.  It boasts quick and easy access to the Football, fantastic shopping, the Docklands precinct, Crown entertainment complex and some of Melbournes best nightlife.

Being well serviced by the public transport system, with trains and trams just a short stroll away, makes this location a highly sought after pocket of the Melbourne city grid.

 

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

Car

Rent p/w

Jun 11

1707

1

Yes

UNDISCLOSED

May 11

907

1

No

UNDISCLOSED

Apr 11

2603

1

No

$320

Apr 11

1102

1

Yes

$430

Mar 11

2501

2

Yes

$560

Mar 11

707

1

No

$330

Mar 11

1901

2

Yes

$520

Feb 11

1104

2

Yes

$510

Feb 11

1703

2

Yes

$530

Feb 11

1708

1

No

$330

Jan 11

1701

1

Yes

$425

Jan 11

1103

1

Yes

$420

Jan 11

703

1

No

$340

Nov 10

1109

1

No

$310

Oct 10

1209

1

No

$310

Oct 10

1409

1

No

$310

Sep 10

1009

1

No

$320

Aug 10

711

1

No

UNDISCLOSED

Aug 10

2504

1

No

$310

Jul 10

1408

1

No

$370

What’s My Property Worth?http://bit.ly/qJi9SB

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/

Your ‘Mondriane Tower’ Expert Agent – Dionne Wilson

 

 

 

 

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