End of Year Report Southpoint, 22 Kavanagh St, Southbank

It’s that time of year again! Wayne Greville from Harcourts City Residential has prepared your 2010 End of Year Report for Southpoint, 22 Kavanagh St, Southbank. We hope you enjoy it and look forward to your feedback. ‘Southbank’ Apartment Sales Statistics   ‘Southpoint’ Sales Statistics Building Details & Particulars Age                Completed 2003     Zoning        Residential 1 zone                       http://www.dse.vic.gov.au/planningschemes/aavpp/37_04.pdf Levels          32 Owners Corp. MICM   Council   City of Melbourne                       P.O Box 1603                       Melbourne VIC 3001                       Ph: 9658 9658                       enquiries@melbourne.vic.gov.au                       www.melbourne.vic.gov.au   Water        South East Water Limited                       Locked Bag 1                       Moorabbin   VIC  3189                       Ph: 131 694                         info@sewl.com.au Reported Sales Year 2010

Month	Apartment	Beds	Size m2	Car	Price
Nov	111	1	66	1	360,000
Nov	82	3	101	1	710,000
Nov	93	2	77	1	540,000
Oct	118	3	?	1	650,100
Oct	247	2	?	1	568,000
Sept	226	2	77	1	580,000
Aug	106	2	77	1	525,000
July	213	2	77	1	690,000
Apr	141	1	66		369,000
Apr	166	2	77	1	560,000

  What’s My Property Worth? http://cityresidential.harcourts.com.au/Value.aspx Buyer Profiles Over the past 12 months the most common buyer profiles buying in the building have been Empty Nesters, Upgraders, 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 Wayne Says Do Not Miss……. Being absolutely spoilt for choice in the heart of Melbourne’s art precinct there’s a need to be organized for the many internationally acclaimed shows, exhibitions and theatre so as to avoid disappointment. One of my favorite’s at this time of year is experiencing one of the cutting edge cabaret, music or comedy shows at the famous Spiegeltent.  http://spiegel.theartscentre.com.au/   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/ Reported Rentals

Month	Apartment	Bedrooms	Size m2	Car	Rent P/Week
Oct 2010	159	1	66		390
Apr 2010	182	3	100		650
Apr 2010	219	1	66		410

  What’s My Property Worth? - http://cityresidential.harcourts.com.au/Value.aspx 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/ For more testimonials from past, present and potential clients from both sale & leasing please visit – http://harcourtscityresidential.wordpress.com/testimonials/ Referral Partners 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 . 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 . 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 . . 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/ Wayne Greville Sales Agent – Harcourts City Residential Ph: 03 9664 8100          Mob: 0411 135 613 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.