End of Financial Year Report “Wellington Gardens”

It’s that time of year again!

James Edmundson from Harcourts City Residential has prepared your 2010-2011 End of Financial Year Report for Wellington Gardens

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

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‘Melbourne’ Apartment Sales Statistics

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“Wellington Gardens” Sales Statistics


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Building Details & Particulars

Age Registered in 1993

Developer Becton www.becton.com.au

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

Apartments Variety of 1,2 and 3 bedroom units and Mezzanine townhouses.

Facilities The development has a great sense of community which is encouraged by the facilities of 2 outdoor heated swimming pools, a recently renovated gymnasium & access to the ‘Lord Wellington Club’. An onsite caretaker ensures the grounds remain clean & tidy & a dedicated team of gardeners can be seen on the grounds most days of the week. The extremely well kept grounds and amazing gardens are certainly a stand out feature for buyers & owners alike.

Owners Corp. The Knight Alliance

P.O Box 678

Malvern  VIC  3144

Ph: 9509 3144

theknight@theknight.com.au

www.theknight.com.au

And

Accord OCM

2, 868 Malvern Rd, ARMADALE, VIC, 3143

Phone: (03) 9824 6373

Fax: (03) 9824 6235

www.accordbodycorporate.com.au/

BENCORP OCM Pty Ltd
71 Palmerston Crescent
SOUTH MELBOURNE
P O Box 173
SOUTH YARRA   VIC   3141

Phone  +61 3 9696 4811

Fax       +61 3 9696 4855

Email   info@bencorpocm.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

Reported Sales Financial Year 2010-2011

201 Wellington Parade South

Month

Apartment

Beds

Size m2

Car

Price

MAR 11

45

3

128

1

$805,000

211 Wellington Parade South

Month

Apartment

Beds

Size m2

Car

Price

DEC 10

34

2

92

2

$765,000

OCT 10

30

3

132

2

$880,000

JUL 10

74

3

142

2

$945,000

6 Wellington Crescent

Month

Apartment

Beds

Size m2

Car

Price

MAR 11

2

3

$1,150,000

1 Wellington Crescent

Month

Apartment

Beds

Size m2

Car

Price

APR 11

2

2

89

2

$750,000

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

Buyer Profiles

The most common buyer profile buying in the Gardens have been Emotional 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://tinyurl.com/289vdhm

James Says Do Not Miss…….

The gardens in Spring, when the ornamental pear trees come into bloom Wellington gardens is at it’s best.

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

Bath

Car

Rent P/Week

JUN 11

53/211

2

2

NC

MAY 11

31/1

2

1

$550

FEB 11

1/211

2

2

$600

JAN 11

2/201

2

1

$460

DEC 10

15/211

3

1

$790

DEC 10

15/1

2

1

NA

NOV 10

22/8

2

2

NA

OCT 10

16/201

2

1

$475

SEP 10

26/2

2

2

$540

AUG 10

73/1

2

2

NA

JUL

70/1

2

1

NA

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://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/

James Edmundson

Sales Consultant – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0411 456 770

E: james.edmundson@harcourts.com.au MHC_9554_300dpi_HS

*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