End of Financial Year Report 2013-2014 for Southbank lowrise properties including - Kings Park, Southside Gardens, Southbank Royal, Coventry Gardens, Southbank Gardens, The Keep and The Bond Store.

 

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INTRODUCTION

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Agent Comment:

Another big year for sales of lowrise Southbank units. Although numbers of transactions was down on the previous year the average sales price was well up by some 7% which is always great to see. This again proves that there are good quality buyers who are prepared to pay good prices for an opportunity to own a lowrise unit in Southbank. Rentals continued to perform strongly with some strong results and low vacancy rates.

A few stand out results for the year included a top Sales price of $889,500 for a stunning unit at the Bond Store on Riverside Quay and strong results for 3 bedroom properties at King Park on Dodds St with several changing hands for mid $800,000s. The highest rental price was for a spacious 3 bedroom unit in Kings Park on Wells St for some $980wk.
SALES STATISTICS
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REPORTED SALES – Financial Year 2013-2014
Address clip_image002[4] clip_image004[4] clip_image006[4] Price Sale Date
2/118 Dodds Street 2 1 1 $545,000 01/07/2013
79/88 Wells Street 2 1 1 $518,000 09/07/2013
709/102 Wells Street 3 2 1 $800,000 25/07/2013
141/120 Sturt Street 3 2 1 $540,000 20/08/2013
3/118 Dodds Street 2 1 1 $0 24/08/2013
26/106 Southbank Boulevard 3 1 1 $644,500 24/08/2013
72/120 Sturt Street 2 1 1 $530,000 11/09/2013
3/77 Dodds Street 3 2 1 $850,000 14/09/2013
7/18 Wells Street 3 2 1 $825,000 16/09/2013
39/106 Southbank Boulevard 3 1 1 $600,000 27/09/2013
11/38 Wells Street 2 1 1 $580,000 21/10/2013
5/77 Coventry Street 3 2 1 $730,000 08/11/2013
7/38 Wells Street 3 2 1 $855,000 09/11/2013
1/133 Dodds Street 2 1 1 $555,000 13/11/2013
15/88 Wells Street 1 1 1 $465,000 21/11/2013
3/4 Moore Street 3 1 2 $690,000 04/12/2013
35/106 Southbank Boulevard 3 1 1 $719,500 07/12/2013
3/95 Dodds Street 2 1 1 $560,000 10/12/2013
5/110 Southbank Boulevard 2 1 1 $562,500 14/12/2013
9/79 Dodds Street 3 2 3 $850,000 07/02/2014
26/120 Sturt Street 1 1 1 $457,500 15/02/2014
13/77 Coventry Street 2 1 1 $637,000 22/02/2014
1/79 Dodds Street 2 1 1 $601,000 06/03/2014
2/78 Wells Street 2 1 1 $610,000 20/03/2014
33/114 Dodds Street 3 1 1 $730,000 29/03/2014
111/102 Wells Street 1 1 1 $520,000 12/04/2014
11/102 Wells Street 1 1 1 Not Disclosed 16/04/2014
140/120 Sturt Street 3 1 1 $590,000 24/04/2014
108/102 Wells Street 2 2 1 $680,000 21/05/2014
85/88 Wells Street 3 2 2 $660,000 24/05/2014
REPORTED RENTALS – Financial Year 2013-2014
Address clip_image002[6] clip_image004[6] clip_image006[6] Rent (pw) Date
38 Wells St 2 1 1 $495 pw 04/07/2013
2/64 Coventry St 2 1 1 $471 pw * 09/07/2013
111 Dodds St 2 1 1 $480 pw * 24/07/2013
96/120 Sturt St 3 1 1 $630 pw 24/07/2013
16/114 Dodds St 2 1 1 $500 pw 29/07/2013
3 Miles St 2 1 1 $460 pw 30/07/2013
38 Wells St 3 2 1 $680 pw 02/08/2013
114/120 Sturt St 2 1 1 $500 pw 13/08/2013
93 Dodds St 2 1 1 $450 pw 14/08/2013
1/82 Coventry St 2 1 1 $520 pw * 14/09/2013
114 Dodds St 3 1 1 $590 pw 17/09/2013
58/120 Sturt St 3 2 1 $750 pw 19/09/2013
114 Dodds St 2 1 1 $450 pw 09/10/2013
3/133 Dodds St 3 1 1 $600 pw 08/11/2013
95/120 Sturt St 2 1 1 $550 pw 15/11/2013
83 Dodds St 2 1 1 $525 pw 26/11/2013
77 Dodds St 2 1 1 $465 pw * 06/12/2013
3/118 Dodds St 2 1 1 $450 pw 09/12/2013
28 Wells St 2 1 1 $470 pw 20/12/2013
116 Dodds St 2 1 1 $465 pw * 07/01/2014
133/120 Sturt St 2 1 1 $541 pw * 07/01/2014
3/100 Coventry St 2 1 1 $475 pw * 08/01/2014
4/111 Dodds St 2 1 1 $425 pw 08/01/2014
6/116 Dodds St 2 1 1 $485 pw 14/01/2014
91 Dodds St 2 1 1 $450 pw * 17/01/2014
18 Wells St 4 3 1 $985 pw * 14/02/2014
7/116 Dodds St 2 1 1 $470 pw 17/02/2014
78 Wells St 3 2 1 $800 pw 18/02/2014
5/114 Dodds St 2 1 1 $470 pw 21/02/2014
89 Dodds St 3 2 1 $600 pw 28/02/2014
28 Wells St 2 1 1 $480 pw 05/03/2014
112/120 Sturt St 2 1 1 $500 pw 07/03/2014
39/114 Dodds St 2 1 1 $570 pw 24/03/2014
121 Dodds St 2 1 1 $440 pw 25/03/2014
98 Wells St 2 1 1 $480 pw 31/03/2014
28 Wells St 2 1 1 $485 pw 01/04/2014
78/120 Sturt St 3 1 1 $600 pw 07/04/2014
9/120 Sturt St 2 1 1 $470 pw 07/04/2014
5/112 Dodds St 2 1 1 $470 pw 28/04/2014
4/64 Coventry St 2 1 1 $545 pw 09/05/2014
137/120 Sturt St 3 1 1 $600 pw 16/05/2014
78 Wells St 3 2 1 $680 pw 22/05/2014
85 Dodds St 2 1 1 $535 pw 02/06/2014
83 Dodds St 2 1 1 $520 pw 06/06/2014
65/120 Sturt St 2 1 1 $425 pw 16/06/2014
3/118 Dodds St 2 1 1 $476 pw 20/06/2014
68 Wells St 3 1 1 $600 pw 24/06/2014
7/120 Sturt St 2 1 1 $500 pw 25/06/2014
38 Wells St 3 1 1 $650 pw 26/06/2014
*Fully Furnished
CONTACT
Harcourts City Residential P: 03 9664 8100E: 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.

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