End of Financial Year Report “Regency Towers”, Melbourne

11It’s that time of year again!

James Edmundson from Harcourts City Residential has prepared your 2010-2011 End of Financial Year Report for 265 Exhibition St, Melbourne.

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

1

‘Melbourne’ Apartment Sales Statistics

23

265 Exhibition St Sales Statistics

45

Building Details & Particulars

Age Built 1997

Zoning Capital City Zone Sched 2

Apartments 222

Facilities Indoor swimming pool, separate gym and sauna with showers,

,Meeting Room, Residents BBQ area and courtyard

Owners Corp. The Knight Alliance

P.O Box 678

Malvern  VIC  3144

Ph: 9509 3144

theknight@theknight.com.au

www.theknight.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:

The Regency Towers remains a popular choice, with many buyers following the building closely for the right apartment to come on the market. It has a strong sense of community that is often commented upon, especially with the trend towards a more insular lifestyle. The overall units sizes are larger than more recent developments

http://www.regencytowers.websyte.com.au/

Reported Sales Financial Year 2010-2011

Month

Apartment

Beds

Size m2

Price

JUN 11

1208

2

$640,000

APR 11

2202

2

$770,000

MAR 11

1009

2

$605,000

FEB 11

1208

2

$640,000

FEB 11

1608

$772,000

FEB 11

2902

2

$620,000

DEC 10

2103

3

$820,000

OCT 10

1304

$660,000

OCT 10

1704

$775,000

SEP 10

2504

3

$817,000

SEP 10

2708

2

$650,000

AUG 10

1701

3

$836,000

What’s My Property Worth?

http://cityresidential.harcourts.com.au/Home/Sell/Whats-Your-Property-Worth/23111

Buyer Profiles

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

First Home Buyers, Emotional 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://bit.ly/rKpvJx

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://cityresidential.harcourts.com.au/Home/Our-Team/Testimonials/10330

Reported Rentals

Month

Apartment

Bedrooms

Rent P/Week

JUN 11

2206

1

$625

MAY 11

2108

2

$995

APR 11

2508

2

$650

APR 11

2906

1

$550

APR 11

2403

2

$660

MAR 11

809

2

$665

FEB 11

1506

1

$600

JAN 11

1806

1

$525

NOV 10

804

2

$550

OCT 10

1003

2

$680

AUG 10

2508

2

$650

AUG 10

2301

3

N/A

JUN 10

1002

2

$660

What’s My Property Worth?

http://cityresidential.harcourts.com.au/Home/Sell/Whats-Your-Property-Worth/23111

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://cityresidential.harcourts.com.au/Home/Our-Team/Testimonials/10330

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:

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/

MHC_9554_300dpi_HS

James Edmundson

Sales Consultant – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0411 456 770

E: james.edmundson@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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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

Lexus Conveyancing Services:

A dedicated team of professionals with many years experience make transacting in property an easy and straightforward process. 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

logo lexus.gif

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/

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