Prepared By: Dionne Wilson
Do you own an apartment in this complex? Find out what your property is worth and get your complimentary market appraisal today. View building details and particulars
.
‘Melbourne’ Apartment Sales Statistics
.
‘250E’ Sales Statistics
.
Building Comment:
The past 12 months have been extremely positive for 250E with prices up across the board and owners enjoying significant growth.
Owners who picked the right agents to sell their apartments enjoyed setting new record after new record. Unfortunately there were a few owners who selected agents who were not aware of just how well the building was performing and missed out on their maximum dollar, one poor owner missing out $50,000 when they sold their one bedroom apartment for $330,000 at the same time we sold an apartment slightly lower and smaller for $380,000 (see sales below)
We are also very proud and excited to announce that one of our last sales of the financial year not only smashed the previous building record it also marked a new milestone as the buildings first sale over $600,000 when we sold the beautifully presented 1714.
It hasn't all been smooth sailing. Owners on the South/East, particularly the lower levels have been suffering with noise and dust associated with the redevelopment next door. We hope it draws to a close swiftly for those owners and tenants affected.
.
Reported Sales Financial Year 2009-2010
| Month | Apartment | Beds | Size m2 | Car | Price |
| Jun. 2010 | 1714 | 2 | 86 | Yes | $600,100* |
| May. 2010 | 1211 | 1 | 56 | - | $382,600* |
| Apr. 2010 | 2215 | 1+S | 64 | - | $380,200 |
| Mar. 2010 | 2009 | 2 | 85 | Yes | $545,000 |
| Mar. 2010 | 2103 | 2 | 82 | - | $450,000 |
| Feb. 2010 | 1713 | 1 | 57 | - | $330,000 |
| Feb. 2010 | 2507 | 2 | 75 | - | $450,000* |
| Jan. 2010 | 1310 | 1 | 57 | - | $380,000* |
| Dec. 2009 | 2208 | 2 | 74 | - | $430,000 |
| Dec. 2009 | 2006 | 2 | 74 | Yes | $508,800* |
| Dec. 2009 | 1106 | 2 | 74 | - | $450,000 |
| Dec. 2009 | 2303 | 2 | 82 | - | $485,000 |
| Nov. 2009 | 1903 | 2 | 82 | Yes | $435,000 |
| Oct. 2009 | 2403 | 2 | 82 | - | $465,000 |
| Oct. 2009 | 1603 | 2 | 82 | Yes | $501,201 |
| Oct. 2009 | 1513 | 1 | 57 | - | $350,000 |
| Sep. 2009 | 1315 | 1+S | 64 | - | $350,000 |
| Sep. 2009 | 2515 | 1+S | 64 | - | $360,000 |
| Sep. 2009 | 1904 | 1+S | 64 | - | $369,000 |
| Sep. 2009 | 2415 | 1+S | 64 | - | $325,000 |
| Aug. 2009 | 1202 | 2 | 74 | - | $450,000 |
| Jul. 2009 | 2511 | 1 | 56 | - | $325,000 |
| Jul. 2009 | 1508 | 1 | 59 | - | $320,000 |
Items in blue are Harcourts City Residential sales.
*Denotes Harcourts City Residential record sale, for that layout, at the time of sale.
*Denotes building record and first sale for the building over $600,000 at the time of sale.
.
.
.
Buyer Profiles
Over the past 12 months the most common buyer profiles buying in the building have been First Home Buyers, Emotional Investors & Peid-A-Terre buyers
.
Dionne Says Do Not Miss…….
I love the super central location of the 250E it’s in such a well established part of the city with quick and easy access to all of Melbourne’s interesting laneways, fantastic shopping, the theatres, sports and well…. everything!
My favorite aspect is that even if it’s a cold, rainy day you can still get out and about without leaving the comfort and warmth of the indoors. With the rear of the building directly accessing Myer there’s no need for the winter blues!
I also love the facilities in the building, so often we see facilities advertised that are almost more of an embarrassment to their building than a feature. I love seeing how pleasantly surprised people are when we take them for a tour of the exceptional facilities 250E boasts.
.
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
.
Reported Rentals
| Month | Apartment | Bedrooms | Size m2 | Car | Rent P/Week |
| Jun. 2010 | 1510 | 1 | 57 | - | $450 |
| Jun. 2010 | - | 2 | - | - | $530 |
| Jun. 2010 | 2212 | 1 | 56 | - | $440 |
| May. 2010 | - | 1 | - | - | $400 |
| May. 2010 | - | 1 | - | - | $420 |
| Apr. 2010 | - | 2 | - | - | $525 |
| Apr. 2010 | 1512 | 1 | 56 | - | $480 |
| Mar. 2010 | 1811 | 1 | 56 | - | $425 |
| Mar. 2010 | 1912 | 1 | 56 | - | $430 |
| Mar. 2010 | - | 2 | - | - | $520 |
| Mar. 2010 | - | 2 | - | - | $530 |
| Feb. 2010 | - | 2 | - | - | $520 |
| Feb. 2010 | - | 2 | - | - | $500 |
| Feb. 2010 | - | 2 | - | - | $520 |
| Jan. 2010 | - | 1 | - | - | $420 |
| Jan. 2010 | - | 2 | - | - | $525 |
| Jan. 2010 | - | 1 | - | - | $400 |
| Jan. 2010 | - | 1 | - | - | $520 |
| Jan. 2010 | - | 1 | - | - | $410 |
| Dec. 2009 | - | 2 | - | - | $495 |
| Dec. 2009 | - | 1 | - | - | $410 |
| Dec. 2009 | - | 2 | - | - | $540 |
| Dec. 2009 | - | 1 | - | - | $410 |
| Nov. 2009 | - | 1 | - | - | $410 |
| Nov. 2009 | - | 1 | - | - | $410 |
| Nov. 2009 | - | 1 | - | - | $600 |
| Nov. 2009 | - | 1 | - | - | $520 |
| Nov. 2009 | - | 1 | - | - | $520 |
| Nov. 2009 | - | 1 | - | - | $400 |
| Oct. 2009 | - | 1 | - | - | $390 |
| Oct. 2009 | - | 2 | - | - | $510 |
| Sep. 2009 | - | 1 | - | - | $410 |
| Sep. 2009 | - | 2 | - | - | $500 |
| Sep. 2009 | - | 1 | - | - | $470 |
| Sep. 2009 | - | 1 | - | - | $435 |
..
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 Dionne Wilson 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
Harcourts Melbourne City has gathered this information to provide an interesting read for apartment owners and prospective purchasers. 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.
.
