End of Financial Year Report 25 Hotham Street, East Melbourne

It’s that time of year again!

James Edmundson from Harcourts City Residential has prepared your 2010-2011 End of Financial Year Report for 25 Hotham St, East Melbourne

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

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East Melbourne’ Apartment Sales Statistics

 

 

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25 Hotham St Sales Statistics

 

 

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Building Details & Particulars

Age Building converted from motel to residences 2004

Zoning Residential Zone 1

Levels 3 (including ground)

Apartments All except the original managers unit are between 27-31m2 studios. The corners and front facing units have more light.

Facilities Communal laundry

 

Owners Corp. ACE Body corporate management

 Suite 209/63 Stead St,

South Melbourne VIC 3205

Ph: 9699 2299

city@acebodycorp.com.au

http://acebodycorp.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:

 

25 Hotham St has continued to buck the trend, holding steady in price despite a softening market. The block has been especially of interest to families looking for a city home for their kids and remains firmly in the sights of investors looking at long term position.

Reported Sales Financial Year 2010-2011

Month

Apartment

Beds

Size m2

Car

Price

JUN 11

111

Studio

1

248,000

FEB 11

114

Studio

268,500

JAN 11

110

Studio

250,000

JAN 11

212

Studio

230,000

JAN 11

205

Studio

1

262,500

DEC 10

2

Studio

1

265,000

AUG 10

206

Studio

255,000

JUL 10

113

Studio

240,000

Results in Blue are sales conducted by James Edmundson of Harcourts City Residential

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Reported Rentals

Month

Apartment

Bedrooms

Size m2

Car

Rent P/Week

MAR 11

101

Studio

$260

MAY 11

206

Studio

Undisclosed

MAR 11

6

Studio

Undisclosed

What’s My Property Worth? http://jamesedmundson.harcourts.com.au

Buyer Profiles

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

Use this link for a full description of these buyer profiles and others we often work with throughout the inner city – http://tiny.cc/mwfbn

James Says Do Not Miss…….

Walking to work. Just fifteen minutes walk to the city the ever changing leafy streets of East Melbourne never cease to impress.  You’d be forgiven for thinking you were living in a quiet outer suburb, parks around almost every corner, discreet coffee shops, and fantastic public transport ensures that this suburb is popular with the locals. The MCG on our doorstep doesn’t hurt either making East Melbourne one of those sought after suburbs.

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://blogs.harcourts.com.au/harcourtscityresidential/testimonials/

What’s My Property Worth?http://jamesedmundson.harcourts.com.au

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 James Edmundson 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://blogs.harcourts.com.au/harcourtscityresidential/testimonials/

Referral Partners

Mortgage Express:

Mortgage Express

Mortgage Express is a mortgage broking company that has been in operation for over 10 years. With access to over 30 lenders and 300 loan products, we believe we can source mortgage finance that will be tailored to best suit your needs.

Mortgage Express implements the latest technologies and software to give you comprehensive comparisons of the very best options in the market place. We help you understand the features of each loan ideal for you so you can make an educated and informed decision. Whether it be first home mortgage finance, subsequent mortgage finance requirements, refinancing of an existing facility, commercial or investment finance, or just a general enquiry, Email us to have your local broker contact your today. cityresidential@harcourts.com.au

Lexus Conveyancing:

Lexus

Lexus provide conveyancing services to the Melbourne property market. They represent clients purchasing or selling real estate property in all areas of Melbourne including the inner city and outer suburbs and also country Victoria. Lexus Conveyancing are a highly organised, efficient and professional property conveyancing service. Email us today for more information or to have a Lexus consultant call you cityresidential@harcourts.com.au

Real Property Matters:

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:

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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/

Your 25 Hotham St. Expert Agent – James Edmundson MHC_9554_72dpi_web

James Edmundson

Sales Agent – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0411 456 770

E: james.edmundson@harcourts.com.au

Web: http://jamesedmundson.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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