238 Flinders St – Uni Lodge – End of Financial Year Report July 09 – Dec 09

In this report, Dionne Wilson has prepared an overview of all sales & rental transactions* for 238 Flinders St Uni Lodge, 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  08-09

Apartment Sales in Melbourne:        1753

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

SALES RESULTS –  Financial Year 08-09:*

1201/238      Sep 09              44 sq m            $330,000    

919/238       Oct 09              24 sq m            $170,000

1306/238      Jul 09               43 sq m            $280,000

RENTAL RESULTS – Financial 08-09:*

211/238       Dec 09              1 Bed           1 Bath              $400 pw

401/238       Dec 09              2 Bed           2 Bath              $400 pw

306/238       Sep 09              1 Bed           1 Bath              $330 pw

504/238       Sep 09              2 Bed           1 Bath              $425 pw

105/238       Jul 09               1 Bed           1 Bath              $320 pw

403/238       Jul 09               1 Bed           1 Bed               $330 pw

Features:  In  the Heart of Melbourne City, opposite the Flinders Train Station and the new Federation Square. UniLodge On Flinders is perfectly positioned to enjoy the best of Melbourne’s cultural and entertainment facilities

238 Flinders St Forecast for the 09-10 Financial Year: As with all student and serviced accommodation the value of the property is heavily influenced by the current interest rates.  As this type of property is purchased by investors the amount of return they can receive form their investment determines the price the market is willing to pay for the property.  Therefore as interest rates go up the higher the return an investor would expect driving the value of the property down. As we all agree that interest rates are on the rise, now is the right time to sell before the price of your property drops any further. 

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