James Edmundson from Harcourts City Residential has prepared your 2009-2010 End of Financial Year Report for Regency Towers, 265 Exhibition St, Melbourne.
We hope you enjoy it and look forward to your feedback.
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‘Melbourne’ Apartment Sales Statistics
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Regency Towers Sales Statistics
Building Details & Particulars
Age Year of Completion 1997
Zoning Capital City Zone Schedule 2 - http://tinyurl.com/23clunr
Levels 33 stories
Apartments It consists of seven levels of car parking and 25 floors of apartments, with 222 units in total.
Facilities Yes: Pool, Sauna, Gym, Meeting Room & Outdoor BBQ area
Owners Corp. The Knight Alliance
P.O Box 678
Malvern VIC 3144
Ph: 9509 3144
Council City of Melbourne
P.O Box 1603
Melbourne VIC 3001
Ph: 9658 9658
enquiries@melbourne.vic.gov.au
Water City West Water
Locked Bag 350
St Albans Road
Sunshine VIC 3020
Ph: 131 691
Building Comment:
The Regency Towers remains a popular choice, with many buyers following the building closely for the right apartment to come on the market. It has a strong sense of community that is often commented upon, especially with the trend towards a more insular lifestyle. The overall units sizes are larger than more recent developments
Reported Sales Financial Year 2009-2010
| Month | Apartment | Beds | Size m2 | Car | Price |
| May 2010 | 1801 | 109 | Yes | $888,000 | |
| Apr 2010 | 1103 | 2 | 88 | Yes | $665,000 |
| Mar 2010 | 1501 | 109 | Yes | $805,000 | |
| Feb 2010 | 2502 | 76 | Yes | $655,000 | |
| Nov 2009 | 1204 | 93 | Yes | $575,000 | |
| Oct 2009 | 1605 | 151 | Yes | $1,125,000 | |
| Oct 2009 | 2005 | 151 | Yes | $1,225,000 | |
| Sep 2009 | 2603 | 2 | 88 | Yes | $660,000 |
| Sep 2009 | 2102 | 2 | 76 | Yes | $570,000 |
| Sep 2009 | 2810 | 109 | Yes | $930,000 | |
| Sep 2009 | 2803 | 88 | Yes | $565,000 | |
| Aug 2009 | 1709 | 98 | Yes | $695,000 | |
| Aug 2009 | 2408 | 2 | 76 | Yes | $577,000 |
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What’s My Property Worth? http://cityresidential.harcourts.com.au/Value.aspx
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Buyer Profiles
Over the past 12 months the most common buyer profiles buying in the building have been
Upgraders, Empty Nesters, Emotional Investors & Peid-A-Terre buyers
Use this link for a full description of these buyer profiles and others we often work with throughout the inner city - http://tinyurl.com/289vdhm
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James Says Do Not Miss…….
My favorite aspect is the rooftop facilities. With many building the pool or gym are squirreled away in the basement or low floors and feel uninviting and often go unused.
I appreciate the central location of the Regency Towers situated 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!
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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
For more testimonials from past, present and potential clients from both sale & leasing please visit - http://harcourtscityresidential.wordpress.com/testimonials/
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Reported Rentals
| Month | Apartment | Bedrooms | Bath | Rent P/week |
| 29-06-2010 | 265 | 2 | 2 | $630 pw |
| 17-06-2010 | 1002/265 | 3 | 2 | $660 pw |
| 07-06-2010 | 1309/265 | 2 | 3 | $675 pw |
| 18-05-2010 | 2303/265 | 2 | 2 | UNDISCLOSED |
| 30-04-2010 | 1009/265 | 2 | 2 | $645 pw |
| 21-04-2010 | 1009/265 | 2 | 2 | $645 pw |
| 19-04-2010 | 2906/265 | 1 | 2 | $550 pw |
| 24-03-2010 | 1204/265 | 2 | 2 | UNDISCLOSED |
| 17-03-2010 | 2010/265 | 3 | 2 | $795 pw |
| 17-03-2010 | 2010/265 | 3 | 2 | $795 pw |
| 16-03-2010 | 809/265 | 2 | 2 | $480 pw |
| 26-02-2010 | 2403/265 | 2 | 2 | UNDISCLOSED |
| 09-02-2010 | 1003/265 | 2 | 2 | $720 pw |
| 03-02-2010 | 1506/265 | 2 | 2 | $580 pw |
| 24-12-2009 | 3002/265 | 2 | 2 | $400 pw |
| 20-10-2009 | 804/265 | 2 | 2 | $550 pw |
| 15-10-2009 | 2008/265 | 2 | 2 | $500 pw |
| 22-09-2009 | 1903/265 | 2 | 2 | $660 pw |
| 01-09-2009 | 1303/265 | 2 | 2 | UNDISCLOSED |
| 13-08-2009 | 2301/265 | 3 | 2 | $650 pw |
| 10-08-2009 | 265 | 3 | 2 | $750 pw |
| 27-07-2009 | 1506/265 | 1 | 1 | $600 pw |
| 08-07-2009 | 1002/265 | 3 | 2 | $660 pw |
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What’s My Property Worth? - http://cityresidential.harcourts.com.au/Value.aspx
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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
For more testimonials from past, present and potential clients from both sale & leasing please visit - http://harcourtscityresidential.wordpress.com/testimonials/
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Referral Partners:
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Strand Conveyancing:
A dedicated team of professionals with many years experience make transacting in property an easy and straightforward process. Strand are in partnership with Pointon Partners Lawyers, a leading Australian commercial law firm, with specialist expertise in property law matters so no matter how complex or technical your transaction may be, they have the necessary professional expertise on hand to ensure everything runs smoothly. Email us today for more information or to have a Strand consultant call you cityresidential@harcourts.com.au
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Harcourts Financial Services:
Working with all major lenders Harcourts Financial Services is your obligation-free one stop shop to finding the “best fit” loan available for you at any given time. Remember it’s not just about the cheapest loan, whilst that’s important, it’s even more important to have the right loan for what you what to achieve now and in the future as refinancing down the track can be expensive. Harcourts Financial Services professional brokers work with you to get it right the first time! Email us to have your local broker contact your today. cityresidential@harcourts.com.au
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Real Property Matters:
Depreciation schedules are an essential tool for investors to make sure you’re getting the maximum tax benefits from your property investment. Real Property Matters are experts in this field and have a range of innovative, market leading tools adding additional value to this important service. As a client of Harcourts you’ll receive a special rate and additional services; email us so we can ensure you get the Harcourts special rate. cityresidential@harcourts.com.au
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Helpful Links:
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Foreign Investment Review Board - FIRB:
Recent change in legislation has affected foreigners purchasing property in Australia. It’s important to be aware of any restrictions that may be placed on you when considering purchasing property in Australia if you’re not an Australian or New Zealand Citizen. You can seek further information from the FIRB website - http://www.firb.gov.au/content/real_estate/real_estate.asp
. State Revenue Office – SRO:
State Revenue Office – SRO - The State Revenue Office are responsible for the calculation and collection of Stamp Duty and also govern the First Home Owners Grant FHOG among other things.
State Revenue Office Stamp Duty Calculator http://tinyurl.com/33f99jc First Home Owners Grant – FHOG Information - http://tinyurl.com/3ybukne Application - http://tinyurl.com/36ahvjg . Australian Tax Office – ATO:
From Capital Gains Tax to allowable deductions you’ll find lots of helpful information on the ATO website or contact your qualified accountant: http://www.ato.gov.au/
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James Edmundson Sales Agent – Harcourts City Residential Ph: 03 9664 8100 Mob: 03 9664 8116 E: james.edmundson@harcourts.com.au Web: www.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.
