End of Financial Year Report 68 La Trobe Street, Melbourne

It’s that time of year again! Dionne Wilson from Harcourts City Residential has prepared your 2010-2011 End of Financial Year Report for 68 La Trobe Street, Melbourne. We hope you enjoy it and look forward to your feedback.   Do you own an apartment in 68 La Trobe Street?  Find out what your property is worth and get your complimentary market appraisal today – click here VIEW BUILDING PARTICULARS & PREVIOUS REPORTS FOR 68 LA TROBE Building Comment: With a lot of speculation in the press that the market has softened we haven’t really experienced that ourselves and looking at the figures here the market has remained relatively stable. We expect that throughout the coming year the market will remain very much the same. It’s important to note that many agents are playing on the press comments as a way of getting an easy deal done. Those agents prepared to work hard will reap the rewards, we’ve still been seeing some record prices even in this flatter market. When considering an agent don’t be loured by promises of high prices only to immediately after listing, be pressured into a price reduction. Select an agent who will give you good honest advice from the outset so you can make an informed decision and above all ask them for proof of their appraisal and be objective when comparing the comparable sales the ‘yes but ours is better than that one’ should be avoided and assessments made in a more clinical fashion. Emotion is best to play a part when a purchaser is negotiating, we love that to help get the highest price. Emotion should be avoided when considering price and if it’s the right time to sell if your making that decision around price. We have seen time and time again, owners who price their property realistically are far more likely to set new records and far exceed their expectations as competition between buyers is encouraged and that forces the price up. For more information or an honest assessment of market value and market conditions speak to one of us here at Harcourts City Residential. Reported Sales Financial Year 2010-2011

Month	Apartment	Beds	Size m2	Price
Oct 2011	1704	2	67m2	TBC
Aug 2011	1901	2	77m2	$560,000
Jun 2011	2406	2	83m2	$600,000
Jun 2011	1405	TBC	66m2	$465,000
May 2011	2502	2	85m2	TBC
Mar 2011	2108	3	TBC	$912,500
Feb 2011	701	2	77m2	$550,000
Jan 2011	1310	2	69m2	$470,000
Dec 2010	1707	2	66m2	$485,000
Dec 2010	305	2	66m2	$480,000
Dec 2010	709	2	106m2	$750,000
Nov 2010	702	2	94m2	$575,000
Oct 2010	509	2	106m2	$600,000
Oct 2010	2306	2	83m2	$652,000
Aug 2010	1202	2	94m2	$530,000
Aug 2010	1403	2	74m2	$480,000
Aug 2010	1302	2	94m2	$530,000
Jul 2010	1107	2	66m2	$505,000
Jul 2010	311	2	83m2	$539,000

What’s My Property Worth?

http://cityresidential.harcourts.com.au/Home/Sell/Whats-Your-Property-Worth/23111

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  Use this link for a full description of these buyer profiles and others we often work with throughout the inner city - http://harcourtscityresidential.wordpress.com/2011/07/22/harcourts-city-residential-common-buyer-profiles-2/ 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://cityresidential.harcourts.com.au/Home/Our-Team/Testimonials/10330 Reported Rentals

Month	Apartment	Bedrooms	Rent P/Week
Oct 2011	208	1	$410
Oct 2011	907	2	$540
Oct 2011	1003	2	$525
Sept 2011	1611	2	$580
Aug 2011	806	2	$525
Jul 2011	405	2	$550
Jul 2011	508	2	$570
Jul 2011	1605	2	$540
Jul 2011	1806	2	$540
Jul 2011	101	2	$490
Jun 2011	306	2	$540
Jun 2011	706	2	$575

What’s My Property Worth? - http://cityresidential.harcourts.com.au/Home/Sell/Whats-Your-Property-Worth/23111 “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://cityresidential.harcourts.com.au/Home/Our-Team/Testimonials/10330

Referral Partners:

Mortgage Express: Mortgage Express is a mortgage broking company that has been in operation for over 10 years. With access to over 30 lenders and 300 loan products, we believe we can source mortgage finance that will be tailored to best suit your needs. Mortgage Express implements the latest technologies and software to give you comprehensive comparisons of the very best options in the market place. We help you understand the features of each loan ideal for you so you can make an educated and informed decision. Whether it be first home mortgage finance, subsequent mortgage finance requirements, refinancing of an existing facility, commercial or investment finance, or just a general enquiry, Email us to have your local broker contact your today melbournecity@harcourts.com.au Lexus Conveyancing Lexus provide conveyancing services to the Melbourne property market. They represent clients purchasing or selling real estate property in all areas of Melbourne including the inner city and outer suburbs and also country Victoria. Lexus Conveyancing are a highly organised, efficient and professional property conveyancing service. Email us today for more information or to have a Lexus consultant call you melbournecity@harcourts.com.au 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. melbournecity@harcourts.com.au

Helpful Links:

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 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/ Dionne Wilson Director/Auctioneer – Harcourts Melbourne City Ph: 03 9664 8100          Mob: 0417 318 705 E: dionne.wilson@harcourts.com.au *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.

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