End of Financial Year Report “Park Tower” 201 Spring Street, Melbourne Report for 2012 – 2013 , Prepared by James Edmundson & Esmé Gordon

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Common Buyer Profiles

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First Home Owners Grant

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Foreign Investment Review Board

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INTRODUCTION

With 35 Spring st and the Windsor hotel redevelopment both due to start before the end of next year a renewed focus on Spring st has driven prices up across the board at this end of town, However owners at Park Tower continued to hold.

SALES STATISTICS

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BUILDING DETAILS & PARTICULARS

No of apartments: 113 apartments over 18 Levels

Year built: Late 1960’s

Building name: Park Tower

Council: City of Melbourne

Zoning: Capital City Zone Schedule 2 http://tinyurl.com/23clumr

Apartments: City and park facing 1,2,and 3 bedroom residences.

Owners Corporation: Ken Stout –  Phone: 9662 23266  Email: 6093359@bigpond.net.au

Facilities: Yes: Function room, caretaker, and underground secure parking.

REPORTED SALES – Financial Year 2012-2013

Date Address BED BATH Offstreet Price
18/07/12 410/201 Spring Street 2 2 1 525,000

REPORTED RENTALS – Financial Year 2012-2013

Date Address BED BATH Offstreet Price
19/03/2012 71/201 Spring Street 1 1 1 $480pw
09/01/2013 84/201 Spring Street 2 1 1 $495pw
17/12/2012 24/201 Spring Street 2 1 1 $520pw
06/08/2012 23/201 Spring Street 1 1 0 $390pw*
19/07/2012 83/201 Spring Street 1 1 0 $350pw

*Fully/partially furnished

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What’s my property worth?

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Investors

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Owner Occupiers

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Feedback

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Please contact us click the above button

James Edmundson

Sales Consultant/Auctioneer – Harcourts City Residential

Ph: 03 9664 8100

Mob: 0411 456 770

E: james.edmundson@harcourts.com.au

Web: www.jamesedmundson.harcourts.com.au

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*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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