Wayne Greville from Harcourt’s City Residential has prepared your 2009-2010 End of Financial Year Report for Freshwater Place, Melbourne.
We hope you enjoy it and look forward to your feedback.
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‘Southbank’ Apartment Sales Statistics
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Freshwater Place Sales Statistics
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Building Details & Particulars
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Age Development built in
Zoning Mixed use http://www.dse.vic.gov.au/planningschemes/aavpp/32_04.pdf
Levels 59
Apartments 448
Architect Bates Smart and McCutcheon Pty Ltd
Facilities Fully Equipped gymnasium, pool, spa, sauna, roof top garden, bbq area
Owners Corp. The Knight Alliance 9509 3144
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Council City of Melbourne
P.O Box 1603
Melbourne VIC 3001
Ph: 9658 9658
enquiries@melbourne.vic.gov.au
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Water South East Water
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Building Comment:
The past twelve months continues to underline what an astute financial investment was made when purchasing at Freshwater Place. Average sale price’s achieving 35% more than those sharing the Southbank post code and prices within the complex averaging over 5% more than for the previous period. Being perched on the banks of the Yarra between Crown and Southgate with views of the CBD and the Bay continues to put Freshwater Place high on the list of purchasers.
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Reported Sales Financial Year 2009-2010
1 Queensbridge Square
| Month | Apartment | Size m2 | Price | ||
| Apr 2010 | 5305 | 219 | $2,025,000 | ||
| Apr 2010 | 2312 | 109 | $ 820,000 | ||
| Mar 2009 | 1412 | 109 | $750,000 | ||
| Feb 2010 | 1306 | 94 | $940, 000 | ||
| Feb 2010 | 2710 | 73 | $555,000 | ||
| Feb 2010 | 4905 | 102 | $1,035,000 | ||
| Jan 2010 | 4904 | 181 | $2,099,000 | ||
| Dec 2009 | 3907 | 65 | $540,000 | ||
| Dec 2009 | 4309 | 113 | $973,000 | ||
| Nov 2009 | 1209 | 70 | $530,000 | ||
| Oct 2009 | 1704 | 67 | $250,000 | ||
| Oct 2009 | 5602 | 182 | $2,100,000 | ||
| Oct 2009 | 1108 | 64 | $400,000 | ||
| Sep 2009 | 4611 | 116 | $1,030,000 | ||
| Sep 2009 | 3510 | 51 | $380,000 | ||
| Sep 2009 | 4511 | 116 | $1,020,000 | ||
| Sep 2009 | 5401 | 130 | $1,485,000 | ||
| Sep 2009 | 4804 | 102 | $970,000 | ||
| Aug 2009 | 5201 | 130 | $1,430,000 | ||
| Aug 2009 | 2808 | 70 | $480,000 | ||
| Jul 2009 | 1710 | 73 | $475,000 | ||
| Jul 2009 | 4506 | 108 | 1,150,000 | ||
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Reported Sales Financial Year 2009-2010
1 Freshwater Place
| Month | Apartment | Beds | Size m2 | Car | Price |
| Jun 2010 | 3704 | 89 | $ 880,000 | ||
| Jun 2010 | 3107 | 141 | $1,400,000 | ||
| Jun 2010 | 2409 | 70 | $ 515,000 | ||
| May 2010 | 1801 | 137 | $ 950,000 | ||
| May 2010 | 1505 | 50 | $ 542,000 | ||
| May 2010 | 2311 | 51 | $ 403,000 | ||
| Apr 2010 | 5604 | 222 | $ 3,178,000 | ||
| Apr 2010 | 3606 | 126 | $1,305,000 | ||
| Apr 2010 | 2006 | 94 | $1,300,000 | ||
| Mar 2010 | 5504 | 222 | $ 3,096,000 | ||
| Mar 2010 | 2909 | 70 | $ 575,000 | ||
| Mar 2010 | 2701 | 136 | $1,295,000 | ||
| Feb 2010 | 4108 | 98 | $ 840,000 | ||
| Feb 2010 | 3701 | 136 | $ 135,000 | ||
| Feb 2010 | 3701 | 136 | $ 600,000 | ||
| Jan 2010 | 4504 | 66 | $ 685,000 | ||
| Jan 2010 | 3706 | 126 | $ 1,330,000 | ||
| Jan 2010 | 4704 | 66 | $ 650,000 | ||
| Jan 2010 | 3903 | 92 | $ 875,000 | ||
| Dec 2009 | 3109 | 70 | $ 520,000 | ||
| Dec 2009 | 4508 | 65 | $ 821,000 | ||
| Dec 2009 | 5007 | $ 555,000 | |||
| Dec 2009 | 2812 | 109 | $ 849,200 | ||
| Nov 2009 | 4610 | 60 | $535,000 | ||
| Nov 2009 | 3201 | 137 | $1,289,000 | ||
| Nov 2009 | 4705 | 49 | $530,000 | ||
| Nov 2009 | 2908 | $492,000 | |||
| Nov 2009 | 612 | $1,500,000 | |||
| Oct 2009 | 2508 | $520,000 | |||
| Oct 2009 | 3211 | 109 | $892,000 | ||
| Oct 2009 | 3902 | 60 | $582,500 | ||
| Oct 2009 | 810 | $1,307,000 | |||
| Sept 2009 | 2905 | 50 | $510,000 | ||
| Sep 2009 | 326 | $925,000 | |||
| Sept 2009 | 4901 | 130 | $1,400,000 | ||
| Sep 2009 | 318 | $940,000 | |||
| Sep 2009 | 5601 | 130 | $1,545,000 | ||
| Sep 2009 | 614 | $1,427,000 | |||
| Sep 2009 | 3708 | 70 | $608,300 | ||
| Sep 2009 | 3811 | 109 | $939,950 | ||
| Jul 2009 | 3911 | 109 | $948,200 | ||
| Jul 2009 | 320 | $940,000 | |||
| Jul 2009 | 2601 | 136 | $1,217,700 | ||
| Jul 2009 | 3112 | 109 | $742,000 | ||
| Jul 2009 | 3709 | $540,000 | |||
| Jul 2009 | 1606 | 94 | $1,050,000 | ||
| Jul 2009 | 2912 | 109 | $750,000 | ||
| $831,600 | |||||
| Jul 2009 | 1501 | 136 | $1,102,200 |
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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
Emotional Investors, Up graders & Empty Nesters, buyers
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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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Wayne Says Do Not Miss…….
Melbourne is all about the coffee so be sure not to walk past Blossom right on your door step. Located in the food alley at Freshwater Place, this hidden gem is the choice of many Melbourne barista’s as they roast their own coffee to ensure quality control. It’s rare to find a place that does coffee and food well, but this place has the food covered too. A short menu that changes daily using the freshest produce the season has to offer.
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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
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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 Freshwater Place
| Month | Apartment | Bedrooms | Size m2 | Car | Rent P/Week |
| June | 5904 | 3 | $1950 | ||
| May | 5904 | 3 | $1195 | ||
| May | 4506 | 3 | $1100 | ||
| April | 3708 | 1 | $580 | ||
| April | 5301 | 2 | $1100 | ||
| April | 1203 | 1 | $825 | ||
| April | 1212 | 2 | $1200 | ||
| March | 2909 | 1 | $550 | ||
| Nov | 612 | 3 | $2000 | ||
| Nov | 2807 | 2 | $900 | ||
| Oct | 3904 | 2 | $800 | ||
| Oct | 625 | 1 | $600 | ||
| Sept | 3910 | 1 | $500 | ||
| Sept | 3510 | 1 | $440 | ||
| Sept | 2502 | 1 | $760 | ||
| Sept | 1909 | 1 | $530 | ||
| Sept | 1808 | 1 | $400 | ||
| Aug | 2007 | 2 | $1100 | ||
| Aug | 2310 | 1 | $475 | ||
| Aug | 3106 | 2 | $800 | ||
| Aug | 3501 | 3 | $970 | ||
| July | 4506 | 3 | $900 | ||
| July | 1408 | 1 | $475 | ||
| July | 1904 | 1 | $595 | ||
| July | 3608 | 1 | $520 | ||
| July | 2308 | 1 | $480 |
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Reported Rentals Queensbridge Square
| Month | Apartment | Bedrooms | Size m2 | Car | Rent P/Week |
| April | 4704 | 1 | $675 | ||
| Dec | 303 | 1 | $490 | ||
| Nov | 3904 | 2 | $800 | ||
| Oct | 4102 | 1 | $650 | ||
| Aug | 624 | 1 | $520 | ||
| Aug | 623 | 1 | $520 | ||
| Aug | 4709 | 1 | $750 | ||
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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
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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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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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Strand Conveyancing Services:
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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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
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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
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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.
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. . Wayne Greville
Sales Agent – Harcourts City Residential
Ph: 03 9664 8100 Mob: 0411 135 898
E: wayne.greville@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.
