End of Financial Year Report City Point / 668 Bourke Street, Melbourne, Vic 3000 Report for 2009 – 2010 , Prepared by Stuart Kennett & Esme Gordon

 

Common-Buyer-Profiles10

Common Buyer Profiles

First-Home-Owners-Grant5

First Home Owners Information

Foreign-Investment-Review-Board6

Foreign Investment Review Board

Stamp-Duty-Calculator5Stamp Duty Calculator

Whats-my-property-worth5

What’s my property worth?
INTRODUCTION

Agent Comment:

The past 12 months have been exciting in terms of sales figures for 688 Bourke Street with prices up and owners enjoying steady growth.  City Point experienced considerable activity, with almost double the amount of total sales compared with the previous financial year.  This confirms the high level of interest by investors and first home buyers in this particular building.

Despite the uncertainty of the global financial crisis in the past year, City Point has seen an increase in average apartment sale prices of over $42,000.

It hasn’t all been smooth sailing. Owners have been suffering disruption associated with the new development next door, Upper West Side.  This is the cause of regular noise and some traffic frustration at the exit of the car park on Little Bourke St.  Some people have been finding dust levels to also be an issue.  It appears this will be ongoing for the future as the development continues however we hope disruptions will be minimized as time goes on.

Looking forward, City Point offers a strong buying opportunity in a highly sought after neighborhood.  This should cushion it from too many market fluctuations for the coming financial year.

Sales Statistics
‘Melbourne’ Apartment Sales Statistics

‘668 Bourke St’ Sales Statistics

 

Future Reports:

 Financial Report 2011 Financial Report 2012 Financial Report 2013
BUILDING DETAILS & PARTICULARS

Building Facilities:

Pool, Gym, Tennis Courts, BBQ, Concierge
Building Name: City Point

Year Built:

 2002

Owners Corporation:

Micm

Building Manager:

Concierge – 0417 777 684

No. In Block:

 294
Council: City of Melbourne
Zoning: Capital City Zone Schedule 1

Reported Sales Financial Year 2009-2010

Month Apartment Beds Size Car Price
Jun 2010 2311 3 100 m2 2 $742,000
May 2010 1609 2 70 m2 1 $515,000
Apr 2010 707 1 51 m2 1 $390,000
Apr 2010 1408 2 72 m2 1 $530,000
Mar 2010 911 2 105 m2 2 $725,000
Mar 2010 1607 1 51 m2 1 $415,000
Mar 2010 1810 1 51 m2 1 $410,000
Mar 2010 1805 2 76 m2 1 $520,000
Feb 2010 2409 2 76 m2 1 $430,000
Feb 2010 708 2 73 m2 2 $520,000
Jan 2010 2305 2 76 m2 1 $540,000
Dec 2009 2111 3 100 m2 2 $610,000
Dec 2009 2607 2 91 m2 1 $590,000
Dec 2009 1502 3 100 m2 2 $660,000
Nov 2009 502 1 52 m2 1 $370,000
Nov 2009 2700 3 88 m2 2 $610,000
Oct 2009 508 2 73 m2 1 $480,000
Oct 2009 2502 3 106 m2 2 $651,000
Oct 2009 1111 3 105 m2 2 $610,000
Oct 2009 1503 1 51 m2 1 $410,000
Oct 2009 2905 3 105 m2 2 $720,000
Sep 2009 1605 2 70 m2 – $500,000
Aug 2009 1710 1 51 m2 1 $395,000
Aug 2009 2809 3 105 m2 2 $652,000
Jul 2009 1100 2 96 m2 1 $583,000
Jul 2009 2710 2 80 m2 1 $490,000

Reported Rentals Financial Year 2009-2010

Month Apartment Bedrooms Size Rent p/w
Jun 10 1711 3 100 m2 $660
Nov 09 2208 2 – $500
Nov 09 607 1 51 m2 $400
Nov 09 802 1 52 m2 $415
Nov 09 1709 2 – $510
Nov 09 701 2 71 m2 $520
Nov 09 2909 3 105 m2 $690
Oct 09 2809 3 105 m2 $670
Oct 09 1007 1 51 m2 $380
Oct 09 303 1 51 m2 $400
Oct 09 1105 2 – $495
Oct 09 812 2 71 m2 $520
Sep 09 907 1 71 m2 $400
Sep 09 503 1 51 m2 $370
Sep 09 211 1 – $380
Sep 09 1810 1 51 m2 $400
Sep 09 1807 1 51 m2 $500
Sep 09 1311 3 100 m2 $650
Aug 09 2605 3 110 m2 $695
Aug 09 711 1 52 m2 $400
Aug 09 809 2 70 m2 $480
Aug 09 1809 2 76 m2 $500
Aug 09 302 1 52 m2 $380
Aug 09 1703 1 51 m2 $395
Aug 09 1008 2 73 m2 $490
Aug 09 203 1 59 m2 $380
Aug 09 703 1 51 m2 $380
Aug 09 112 2 71 m2 $480
Jul 09 110 1 59 m2 $450
Jul 09 300 2 92 m2 $500
Jul 09 2307 1 59 m2 $430
Jul 09 2110 1 51 m2 $410
Jul 09 2802 2 79 m2 $540
Jul 09 402 1 52 m2 $395
Jul 09 2702 2 79 m2 $540
Jul 09 1609 2 70 m2 $470
Jul 09 406 2 73 m2 $500
Jul 09 2506 2 73 m2 $540
Jul 09 2703 2 80 m2 $495
Jul 09 702 1 52 m2 $360
Jul 09 2511 3 105 m2 $810

 

Contact

 

Stuart Kennett – Harcourts City Residential

Ph: 03 9664 8100

Mob: 0497 966 989

E: stuart.kennett@harcourts.com.au

Web: www.cityresidential.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.