299 Queen Street, Melbourne – Republic Tower – End of Financial Year Report 2013-2014

Queen 299 - Facade

End of Financial Year Report 2013-2014 prepared by James Edmundson

Click here to view 299 Queen Street, Melbourne –  details & particulars


Sales Statistics

REPORTED SALES – FINANCIAL YEAR 2013 – 2014
Street Address Bed Bath Car Sale Price Sale Date
83/299-319 Queen Street 3 2 2 Undisclosed 23-Sep-13
112/299-319 Queen Street 3 2 2 $1,130,000 23-Oct-13
52/299-319 Queen Street 2 2 1 $1,170,000 20-Nov-13
292/299-319 Queen Street 2 2 2 $3,100,000 11-Jan-14
54/299-319 Queen Street 3 2 3 $2,200,000 03-Apr-14
223/299-319 Queen Street 3 2 2 $1,350,000 02-May-14
213/299-319 Queen Street 3 2 1 Undisclosed 18-Jun-14

Rental Statistics

REPORTED RENTALS – FINANCIAL YEAR  2013 – 2014
Street Address Bed Bath Car Rent (pw) Date
243/299 Queen Street 3 2 1 $933 24/1/2014
185/299 Queen Street 2 1 1 $737 20/12/2013
185/299 Queen Street 2 1 1 $737 16/12/2013
185/299 Queen Street 2 1 1 $670 29/11/2013


Do you own an apartment at Republic Tower? Find out what your property is worth and get your complimentary market appraisal today – click here

Contact:

 James Edmundson - Harcourts Melbourne City James Edmundson
Senior Sales Consultant/Auctioneer
0411 456 770
James.edmundson@harcourts.com.au
 Dionne Wilson - Harcourts Melbourne City Dionne Wilson
Director/Auctioneer
0417 318 705
dionne.wilson@harcourts.com.au


To view reports for other buildings click here
Useful Links:
common-buyer-profiles
 stamp-duty-calculator first-home-ownersw-info foriegn-investment-review-board


Harcourts Melbourne City has gathered this information to provide an interesting read for apartment owners and prospective purchasers. Harcourts Melbourne City 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.

299 Queen Street, Melbourne – Republic Tower – End of Financial Year Report 2014-2015

Queen 299 - Facade

End of Financial Year Report 2014-2015 prepared by James Edmundson

Click here to view 299 Queen Street, Melbourne –  details & particulars


Sales Statistics

REPORTED SALES – FINANCIAL YEAR 2014 – 2015
Street Address Bed Bath Car Sale Price Sale Date
211/299-319 Queen Street 3 2 2 $1,300,000 22-Jul-14
103/299-319 Queen Street 3 2 1 Undisclosed 15-Aug-14
261/299-319 Queen Street 3 2 2 $2,200,000 12-Feb-15
123/299-319 Queen Street 3 2 2 $1,300,000 26-May-15

Rental Statistics

REPORTED RENTALS – FINANCIAL YEAR  2014 – 2015
Street Address Bed Bath Car Rent (pw) Date
182/299 Queen Street 2 2 1 $850 15/09/2014
?/299 Queen Street 3 3 2 $1,850 21/08/2014


Do you own an apartment at Republic Tower? Find out what your property is worth and get your complimentary market appraisal today – click here

Contact:

 James Edmundson - Harcourts Melbourne City James Edmundson
Senior Sales Consultant/Auctioneer
0411 456 770
James.edmundson@harcourts.com.au
 Dionne Wilson - Harcourts Melbourne City Dionne Wilson
Director/Auctioneer
0417 318 705
dionne.wilson@harcourts.com.au

Useful Links:
common-buyer-profiles
 stamp-duty-calculator first-home-ownersw-info foriegn-investment-review-board

To view reports for other buildings click here


Harcourts Melbourne City has gathered this information to provide an interesting read for apartment owners and prospective purchasers. Harcourts Melbourne City 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.

299 Queen Street, Melbourne – Republic Tower – End of Financial Year Report 2015-2016

Queen 299 - Facade

End of Financial Year Report 2015-2016 prepared by James Edmundson

Click here to view 299 Queen Street, Melbourne –  details & particulars


Sales Statistics

REPORTED SALES – FINANCIAL YEAR 2015 – 2016
Street Address Bed Bath Car Sale Price Sale Date
163/299-319 Queen Street 3 2 1 $1,275,000 18-Aug-15
243/299-319 Queen Street 3 2 1 $1,300,000 11-Sep-15
121/299-319 Queen Street 3 2 1 $1,240,000 21-Oct-15
271/299-319 Queen Street 3 2 2 $1,625,000 26-Oct-15
114/299-319 Queen Street 2 2 2 $1,275,000 18-Jan-16
151/299-319 Queen Street 2 2 1 $1,400,000 20-Jan-16
192/299-319 Queen Street 2 2 1 $1,320,000 12-May-16

Rental Statistics

REPORTED RENTALS – FINANCIAL YEAR  2015 – 2016
Street Address Bed Bath Car Rent (pw) Date
201/299 Queen Street 3 2 1 Undisclosed 15/02/2016
264/299 Queen Street 3 2 2 $1,795 11/01/2016


Do you own an apartment at Republic Tower? Find out what your property is worth and get your complimentary market appraisal today – click here

Contact:

 

 James Edmundson - Harcourts Melbourne City James Edmundson
Senior Sales Consultant/Auctioneer
0411 456 770
James.edmundson@harcourts.com.au
 Dionne Wilson - Harcourts Melbourne City Dionne Wilson
Director/Auctioneer
0417 318 705
dionne.wilson@harcourts.com.au


To view reports for other buildings click here
Useful Links:
common-buyer-profiles
 stamp-duty-calculator first-home-ownersw-info foriegn-investment-review-board


Harcourts Melbourne City has gathered this information to provide an interesting read for apartment owners and prospective purchasers. Harcourts Melbourne City 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.

 

299 Queen Street, Melbourne – Republic Tower – End of Financial Year Report 2016-2017

End of Financial Year Report 2016-2017 prepared by James Edmundson

Click here to view 299 Queen Street, Melbourne –  details & particulars


Sales Statistics

REPORTED SALES – FINANCIAL YEAR 2016 – 2017
Street Address Bed Bath Car Sale Price Sale Date
52/299 Queen Street 2 2 1 $1,270,000 10/07/2016
185/299 Queen Street 3 1 1 $750,000 13/09/2016
153/299 Queen Street 4 3 3 $2,600,000 15/09/2016
92/299 Queen Street 3 2 1 $1,300,000 03/12/2016
204/299 Queen Street 3 2 1 $1,475,000 20/12/2016
54/299 Queen Street 3 2 3 $2,560,000 10/04/2017
73/299 Queen Street 3 2 1 $1,300,000 07/06/2017

Rental Statistics

REPORTED RENTALS – FINANCIAL YEAR 2016 – 2017
Street Address Bed Bath Car Rent (pw) Date
54/299 Queen Street 3 3 2 Undisclosed 22/08/2016


Do you own an apartment at Republic Tower? Find out what your property is worth and get your complimentary market appraisal today – click here

Contact:

James Edmundson - Harcourts Melbourne City James Edmundson
Senior Sales Consultant/Auctioneer
0411 456 770
James.edmundson@harcourts.com.au
 Dionne Wilson - Harcourts Melbourne City Dionne Wilson
Director/Auctioneer
0417 318 705
dionne.wilson@harcourts.com.au

Useful Links:
common-buyer-profiles
 stamp-duty-calculator first-home-ownersw-info foriegn-investment-review-board

To view reports for other buildings click here


Harcourts Melbourne City has gathered this information to provide an interesting read for apartment owners and prospective purchasers. Harcourts Melbourne City 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.

End of Financial Year Report – Republic Tower – 229 Queen Street, Melbourne Report for 2012 – 2013 , Prepared by Dionne Wilson & Esmè 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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Stamp Duty Calculator

INTRODUCTION

SALES STATISTICS

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BUILDING DETAILS & PARTICULARS

Owners Corporation: Melbourne Body Corporate ServicesYear Built: 1999

No. In block: 82

Building Facilities: Pool, Sauna, Gym

Developer/Builder: Fender Katsalidis

Building Manager: John Pfeiffer

Previous Reports:

2010-2011

2009-2010

REPORTED SALES – Financial Year 2012-2013

Date Address Aspect clip_image002 clip_image004 clip_image006 Price
Jan 2013 84/299 Queen Street North 3 2 1 $1,000,000
Dec 2012 151/299 Queen Street N.East 2 2 1 $1,030,000
Nov 2012 121/299 Queen Street N.East 3 2 1 $980,000
Aug 2012 185/299 Queen Street West 2 1 1 $610,000
Aug 2012 104/299 Queen Street North 3 2 1 $950,000
Jul 2012 62/299 Queen Street East 3 2 1 $870,000

REPORTED RENTALS – Financial Year 2012-2013

Date Address clip_image002[4] clip_image004[4] clip_image006[4] Price
27/02/2012 92/299 Queen Street 2 2 1 $1050pw*
10/11/2012 171/99 Queen Street 3 2 1 $800pw

* 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

Do you have any comments or suggestions?

Please contact us click the above button

Dionne Wilson
Harcourts City Residential
Ph:
03 9664 8100
E: cityresidential@harcourts.com.au

Web: www.cityresidential.harcourts.com.au

 Dionne Wilson

*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.

CONGRATULATIONS MELBOURNE!!!!!!

 

Just voted the 2nd most liveable city in the world………

And why wouldn’t we be with our beautiful parks, amazing food, wonderful people, great events, Theatre & Arts, unique inner city laneways and so much more…….

Praise should go to Vancouver for taking out the number one spot for the fifth year consecutive year.

http://www.heraldsun.com.au/news/victoria/melbourne-almost-best-in-the-world/story-e6frf7kx-1226009073384

http://www.smh.com.au/travel/travel-news/melbourne-beats-sydney-in-worlds-most-liveable-city-rankings-20110221-1b29d.html

The TOP 10

1. Vancouver, Canada

2. Melbourne, Australia

3. Vienna, Austria

4. Toronto, Canada

5. Calgary, Canada

6. Helsinki, Finland

7. Sydney, Australia

8. (equal) Perth, Australia

8. (equal) Adelaide, Australia

10. Auckland, New Zealand

 

The bottom 10 cities were:

1. Harare, Zimbabwe

2. Dhaka , Bangladesh

3. Port Moresby, Papua New Guinea

4. Lagos, Nigeria

5. Algiers , Algeria

6. Karachi, Pakistan

7. Douala, Cameroon

8. Tehran, Iran

9. Dakar, Senegal

10. Colombo, Sri Lanka

For some of favourite Melbourne photos, please click here:  http://harcourtscityresidential.wordpress.com/photos/

End of Financial Year Report: MADISON / 39 QUEEN STREET Report for 2009 – 2010, Prepared by Bob Budd and Esmé Gordon

It’s that time of year again!

Dionne Wilson from Harcourts City Residential has prepared your 2009-2010 End of Financial Year Report for 39 Queen St- The Madison, Melbourne.

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

FUTURE Reports:

Financial Report 2011 Financial Report 2012 Financial Report 2013 Financial Report 2014

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Melbourne apartment sales statistics

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‘The Madison’ sales statistics

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Building Details & Particulars

Age                                Building converted from offices to residences 2001

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

Levels                         25

Apartments           First 10 levels are serviced apartments (via separate entrance with own

                                        facilities etc) then level 11-25 contains 225 residential apartments.

Facilities                  Yes: Pool, Sauna, Gym, Meeting Room & Outdoor BBQ area

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Owners Corp.        The Knight Alliance 

                                        P.O Box 678

                                        Malvern  VIC  3144

                                        Ph: 9509 3144

                                        theknight@theknight.com.au

                                        www.theknight.com.au

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Council                     City of Melbourne

                                        P.O Box 1603

                                        Melbourne VIC 3001

                                        Ph: 9658 9658

                                        enquiries@melbourne.vic.gov.au

                                        www.melbourne.vic.gov.au

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Water                         City West Water

                                        Locked Bag 350

                                        St Albans Road

                                        Sunshine  VIC  3020

                                        Ph: 131 691

                                        www.citywestwater.com.au

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Building Comment:

The past year in the Madison has been positive, but that’s expected in such a gorgeous and much loved building!

Sales moved along steadily with owners who appointed the right agents achieving excellent results. Owners who selected agents who were unaware of the strong performance of the building as well as the long line of keen buyers wanting to move straight in, unfortunately missed out on optimum prices for their property.

It’s no wonder there is a plentiful flow of buyers wanting to attain this amazing address with its prime location and well appointed units.

We are very proud to announce here at Harcourts that our dollar per square meter value smashed that of our closest competitor as well as soaring high above the average over all total. (Please see graph indicators below) This accomplishment not only left us with great stats to boast of, but very cheerful vendors who were able to obtain more money than they were initially quoted by others.

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Reported Sales Financial Year 2009-2010

Month Apartment Beds Size m2 Price
Apr. 2010 902 2 62m2 $369,000
Mar. 2010 806 1 30m2 $225,000
Mar. 2010 1102 2 62m2 $380,000
Mar. 2010 808 1 30m2 $215,000
Nov. 2009 604 2 61m2 $333,000
Oct. 2009 1005 1 30m2 $195,000
Sep. 2009 204 1 31m2 $225,000
Aug. 2009 203 1 32m2 $187,500

Items in blue are Harcourts City Residential sales.

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What’s My Property Worth? http://cityresidential.harcourts.com.au/Value.aspx

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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://tinyurl.com/289vdhm

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Claire Says Do Not Miss…….

The highly desirable location of The Madison is one to love, sitting peacefully on Queen Street managing to escape the hustle and bustle of city life.

Close to all of the essentials, shopping and lattes of course, not to mention transport to lead you to wherever your heart desires.

Surrounded by brilliant atmosphere with Collins and Queen St nightlife ideally located for you to explore at your leisure, drop past CQ for a lovely lunch and glass of wine.

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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

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For more testimonials from past, present and potential clients from both sale & leasing please visit – http://harcourtscityresidential.wordpress.com/testimonials/

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Reported Rentals

Month Apartment Bedrooms Rent P/Week
Jun. 2010 10th floor $250
Jun. 2010 1101 2 ?
Jun. 2010 1 $360
May. 2010 1 $320
May. 2010 1 $400
Apr. 2010 1 $290
Apr. 2010 1 $260
Mar. 2010 3 $500
Mar. 2010 1 $290
Mar. 2010 1 $470
Mar. 2010 2 $840
Feb. 2010 2 $360

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What’s My Property Worth?http://cityresidential.harcourts.com.au/Value.aspx

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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

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For more testimonials from past, present and potential clients from both sale & leasing please visit – http://harcourtscityresidential.wordpress.com/testimonials/

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Referral Partners:

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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

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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

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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

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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/

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Dionne Wilson

Business owner and director – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0417 318 705

E: dionne.wilson@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.

Alkira House – 18 Queen St – End of Financial Year Report 08-09

Harcourts City Residential

In this report, Dionne Wilson has prepared an overview of all sales &  rental transactions* for 18 Queen St, for the 2008/2009 financial year along with extra details about the building and a forecast for the year ahead. 

You can find this and more Real Estate blogs at http://harcourtscityresidential.wordpress.com/ 

Melbourne Apartment Overview FY  08-09Apartment Sales in Melbourne:        1753Clearance Rate in Melbourne:          79%
Average Sale Price in Melbourne:   
$503,347 

SALES RESULTS –  Financial Year 08-09:*

No sales recorded in this period

RENTAL RESULTS – Financial 08-09:*

?/18             Jun 09              2 Bed           1 Bath              $360 pw

?/18             May 09             1 Bed           1 Bath              $390 pw

?/18             March 09          2 Bed           1 Bath              $440 pw

41/18           Jan 09              1 Bed           1 Bath              $360 pw

?/18             Dec 08              2 Bed           1 Bath              $360 pw

5.2/18          Oct 08              2 Bed           1 Bath              $380 pw

61/18           Jul 08               Studio          1Bath               $340 pw

Features: Streamlined Moderne, it features a green tile frame around industrial glass blocks providing natural light to the stairway. Additional fins curve back over the parapet and lock onto the facade.

Brief History:  Alkira House, a six storey, reinforced concrete office building, was erected in 1937 as an investment by Harold and Annie Cohen. J.H. Wardrop was the architect and Swanson Bros the builders. The facade, composed of strong vertical panels and shafts, is expressed by contrasting grey, green and black terra cotta faience tiles with a central continuous panel of glass blocks surmounted by a cleverly contrived waterfall tower. Alkira House is of architectural significance as an exceptional example of the vertical jazz moderne style in Victoria, a style considered to be extremely avant-garde and rarely adopted for building in this State between the wars. The facade reflects modern office building philosophy then developing in Europe, especially the Dutch and German experiments in glass, vitrolite and terracotta of the 1920s and 1930s. Alkira House was in sharp contrast to the revivalist nature of architecture in Melbourne in the 1930s, and while it has some similarities to the Manchester Unity and Myer buildings, it is considerably more flamboyant.

Demographics: An exclusive Art Deco boutique block, 18 Queen St has a good mix of owner occupied and investors.

18 Queen St Forecast for the 09-10 Financial Year: Whilst early stagnation in 2009 caused by the GFC saw a reduction in clearance rates we envisage that continuing first home owner interest and buying power will keep the market buoyant in Melbourne.

With interest rates tipped to continue to rise, we could experience a leveling of the general market in 2010 particularly in the pre $500,000 range. Investors have started to make a comeback in 2010 with first home owners lose their puff and buying power. 

For further information on this, or any other property needs you may have, please contact:

 

Dionne Wilson

Business owner and director – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0417 318 705

Email: dionne.wilson@harcourts.com.au   

Web: www.cityresidential.harcourts.com.au

*Harcourts City Residential has gathered this information to provide an interesting document for apartment owners and prospective purchasers. Harcourts City Residential may not have affected 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 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 fact.

If your property is exclusively listed with another agent please disregard this communication

End of Financial Year Report – Madison House – 39 Queen St, Melbourne

You can find this and our many other blogs at http://harcourtscityresidential.wordpress.com/

In this report, Dionne Wilson has prepared an overview of all sales & rental transactions in Madison House for the 2008/2009 financial year along with extra details about the complex & a forecast for the year ahead.

Melbourne 3000

Apartment Overview Fin Year 08-09:

Apartment Sales in Melbourne:        1753

Clearance Rate in Melbourne:          79%
Average Sale Price in Melbourne:   
$503,347

39 Queen St, Melbourne – Financial Year 08-09

Top Reported Sale:                  $333,000

Bottom Reported Sale:             $173,000

Number of Auctions:                0

Auction Clearance Rate:           N/A

Number of Private Sales:          8

 

SALES RESULTS –  Financial Year 08-09:

1005/39          Oct 09                $195,000

604/39            Sep 09                $333,000

204/39            Sep 09                $225,000

203/39            Aug 09                $187,500

303/39            Nov 08                $173,000

?/39               Nov 08                $175,000

807/39            Oct 08                $175,000

603/39            Aug 08                $320,000

401/39            Aug 08                $319,000                  

RENTAL RESULTS – Financial Year 08-09:

?/39 Queen St                 1Beds          1 Baths        $260 pw  

?/39 Queen St                 3 Bed          1 Bath         $500 pw

?/39 Queen St                 1 Bed          1 Bath         $290 pw

?/39 Queen St                 1 Bed          1 Bath         $470 pw

?/39 Queen St                 2 Beds         2 Bath         $840 pw

?/39 Queen St                 2 Beds         1 Bath         $360 pw

PH2/39 Queen St            2 Beds         2 Baths        $590 pw   

?/39 Queen St                 1 Bed          1 Bath         $460 pw

?/39 Queen St                 1 Beds         1 Bath         $360 pw

?/39 Queen St                 1 Beds         1 Bath         $360 pw

?/39 Queen St                 1 Bed          1 Bath         $240 pw

?/39 Queen St                 3 Beds         1 Bath         $460 pw

?/39 Queen St                 1 Bed          1 Bath         $320 pw

?/39 Queen St                 3 Bed          1 Bath         $460 pw

?/39 Queen St                 1 Bed          1 Bath         $320 pw

?/39 Queen St                 3 Beds         1 Bath         $460 pw

?/39 Queen St                 1 Bed          1 Bath          $340 pw

?/39 Queen St                 1 Beds         1 Bath          $330 pw

?/39 Queen St                 1 Bed          1 Bath         $320 pw

905/39 Queen St             ?                 1 Bath         $310 pw

Introduction: The Madison Building is an Art Deco building facing Queen St and is fully secure.

Demographics: There is a great mixture of owners in the complex including young professionals, out of town investors, a more mature generation of owner occupiers as well as owners utilizing as a secure lock & leave city base. Madison House also houses some international owners and students.

Forecast for the 09-10 Financial Year:. Dependant on bank interest rates, we could experience a leveling of the market in 2010 in the pre $500,000 range. Investors are already starting to make a comeback in 2010 with the first home owners lose their puff and buying power.

For further information on this, or any other property needs you may have, please contact:

 

 

 

Dionne Wilson

Business owner and director – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0417 318 705

Email: dionne.wilson@harcourts.com.au   

Web: www.cityresidential.harcourts.com.au

*Harcourts City Residential has gathered this information to provide an interesting document for apartment owners and prospective purchasers. Harcourts City Residential may not have affected 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 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 fact.

If your property is exclusively listed with another agent please disregard this communication.