Half Yearly Report, July to December – 20-22 McKillop St, Melbourne – Emerald Apartments

In this report, Dionne Wilson has prepared an overview of all sales & rental transactions* for 20-22 McKillop St, for half year 2009 along with extra details about the building and a forecast for the year ahead.

Melbourne Apartment Overview Jul  09- Dec 09

Apartment Sales in Melbourne:        1753

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

SALES RESULTS –  Half year July 09- December 09

402/20-22 McKillop St     Nov 09    1 Bed  1 Bath $403,000

601/20-22 McKillop St     Nov 09    1 Bed  1 Bath $398,000

401/20-22 McKillop St     Nov 09    1 Bed  1 Bath $315,000

3/20-22 McKillop St        Aug 09     ? Bed  ? Bath $286,000

Building Description: Edwardian style Emerald Apartments with contemporary feel in the heart of Melbourne CBD and home to 12 only.

20-22 McKillop 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 Melbourne City

Ph: 03 9664 8100          Mob: 0417 318 705

Email: dionne.wilson@harcourts.com.au

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.

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Dionne Wilson

Dionne Wilson

Director | P: 03 9664 8114 | E: dionne@melbourneharcourts.com.au | dionne.melbourneharcourts.com.au