This past financial year has been quite turbulent for the Melbourne market, yet 200 Spencer Street managed to maintain values at around the same level. With a much greater number of apartments sold than the previous financial year prices managed to remain relatively consistent. A positive sign considering recent market trends with many surrounding buildings experiencing a severe decline.Owners who picked the right agents to sell their apartments enjoyed achieving the best market value for their property. Unfortunately there were many owners who were lured with promises of low commission and no cost advertising campaigns and paid the price. Unfortunately some of the strategies employed by other agents such as quoting low figures to attract hoards of buyers were not successful and proved only to dampen buyers perceptions of values within the complex.
However 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 Neo 200 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.
|BUILDING DETAILS & PARTICULARS|
Reported Sales Financial Year 2010-2011
Reported Rentals Financial Year 2010-2011
|Month||Apartment||Bedrooms||Size m2||Rent P/Week|
|Jun 11||lvl 31||2||70||UNDISCLOSED|
|James EdmundsonSales Agent – Harcourts City ResidentialPh: 03 9664 8100
Mob: 0411 456 770
**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.