End of Year Financial Review: The Boyd 5 Caravel Lane

November 23, 2009 § Leave a comment

The Boyd– 5 Caravel Lane Docklands

Welcome to your first End of Year Financial Review from JC Street. This week, Sharn will focus on one of her very favourite developments –The Boyd at Docklands.

The Boyd is a 19 level building with 168 apartments in a mix of one, two and three bedroom apartments in the heart of NewQuay, Docklands. It offers residents with a combination of views of Victoria Harbour and the city, with waterfront apartments within minutes of Melbourne’s CBD.

5 Caravel Lane, Docklands

Top Sale in Financial Year 09: 1002/5 Caravel Lane $875,000

Bottom Sale in Financial Year 09: 4080/5 Caravel Lane $460,000

Number of Apartment Transactions in Docklands: 197

Number of Auctions in Docklands: 27

Number of Auctions Sold in Docklands: 27

Average Sale Price in Docklands: $608,970

Sales for 2009:

707/5 Caravel Lane, Docklands $537500 – Two bedrooms

1208/5 Caravel Lane, Docklands $510,520 – Two bedrooms

2006/5 Caravel Lane, Docklands $710,000 – Three bedrooms

1002/5 Caravel Lane, Docklands $875,000 – Three bedrooms

1307/5 Caravel Lane, Docklands $580,000 – Two bedrooms

2103/5 Caravel Lane, Docklands $600,000 – Two bedrooms

408/5 Caravel Lane, Docklands $460,000 – Two bedrooms

1303/5 Caravel Lane, Docklands Undisclosed – Two bedrooms

Rentals for 2009:

405/5 Caravel Lane, Docklands $680 pw – Two bedrooms

514/5 Caravel Lane, Docklands $400 pw – One bedrooms

805/5 Caravel Lane, Docklands $530 pw – Two bedrooms

2202/5 Caravel Lane, Docklands $900 pw – Three bedrooms

405/5 Caravel Lane, Docklands $640 pw – Two bedrooms

1507/5 Caravel Lane, Docklands $500 pw – Two bedrooms

409/5 Caravel Lane, Docklands $390 pw – One bedroom

408/5 Caravel Lane, Docklands $470 pw – Two bedrooms

904/5 Caravel Lane, Docklands $520 pw – Two bedrooms

2001/5 Caravel Lane, Docklands $1100 pw – Three bedrooms

704/5 Caravel Lane, Docklands $490 pw – Two bedrooms

605/5 Caravel Lane, Docklands $500 pw – Two bedrooms

606/5 Caravel Lane, Docklands $480 pw – Two bedrooms

1004/5 Caravel Lane, Docklands $500 pw – Two bedrooms

1909/5 Caravel Lane, Docklands $390 pw – One bedroom

1709/5 Caravel Lane, Docklands $390 pw – One bedroom

803/5 Caravel Lane, Docklands $500 pw – Two bedrooms

404/5 Caravel Lane, Docklands $480 pw – Two bedrooms

406/5 Caravel Lane, Docklands Undisclosed – Two bedrooms

1003/5 Caravel Lane, Docklands $700 pw – Two bedrooms

1205/5 Caravel Lane, Docklands $475 pw – Two bedrooms

1705/5 Caravel Lane, Docklands $520 pw – Two bedrooms

609/5 Caravel Lane, Docklands $380 pw – One bedroom

1406/5 Caravel Lane, Docklands $500 pw – Two bedrooms

511/5 Caravel Lane, Docklands $325 pw  – One bedroom

407/5 Caravel Lane, Docklands Undisclosed – Two bedrooms

607/5 Caravel Lane, Docklands $480 pw – Two bedrooms

1404/5 Caravel Lane, Docklands $495 pw – Two bedrooms

1007/5 Caravel Lane, Docklands $670 pw – Two bedrooms

514/5 Caravel Lane, Docklands $380 pw – One bedroom

Body Corporate: The body corporate for this building is Teys. They are a large body corporate management firm who manage several buildings in the Docklands precinct.

Facilities: The development has a great sense of community which is encouraged by the facilities of 25 metre lap pool and gym.

There is also a thriving retail element at Docklands, which provides great convenience and appeals to many of the owners and tenants in the block. Restaurants such as Live Bait, Berth and Mecca Bah have a cult following, as does the new super-supermarket Costco. A new shopping precinct featuring many well loved stores and the impending addition of Myer add to desire for leasing accommodation who work at Docklands. There is great parking facilities onsite for visitors, and wonderful proximity to Etihad Stadium. Employers such as NAB and ANZ have also moved their sizable workforces to the Docklands precinct, making growth from the corporate sector a sure thing.

Demographics: Since original settlement, we have seen the slow but steady shift of higher occupancy rates by owners. Most purchasers at the Boyd are young professionals who work locally in the CBD. There are a few more mature owners or families from the country who utilise their apartment as a ‘lock up and leave’ second home. There are investors also who lease privately or through serviced apartment arrangements.

For in depth information on the history of Docklands, make sure to check out http://en.wikipedia.org/wiki/Docklands,_Victoria

Year of Build: 2003

Developer: MAB Corporation

Number of Apartments in Block: Approximately 168

Construction Nearby Underway: The Southern Star Skywheel is in construction, and will likely mimic a London Eye style tourist attraction. VicUrban are currently constructing a development named Convesso Concavo.

Forecast for the 2010-2011 Financial Year: We invisage that continuing first home owner interest and buying power will keep the market buoyant in Docklands for the first half of 2010. Dependant on bank interest rates, we could experience a flattening of the market in 2010 in the plus $500,000 sector. Mum and Dad investors could well make a comeback in 2010 once first home owners lose their puff and buying power. The Boyd offers a unique buying opportunity in a blue chip neighbourhood which should cushion it from too many market fluctuations.

For further information on this, or any other property needs you may have, please contact:

Sharn Swann

Sales Consultant

m) 0406 634 346

e) sharn@jcstreetrealestate.com.au

End of Year Financial Review: Yarra’s Edge 50 Lorimer Street

November 12, 2009 § 1 Comment

yarrasedge2

Yarra’s Edge – Tower 1 50 Lorimer Street

Welcome to your first End of Year Financial Review from Cheryle at JC Street Real Estate. This week, Cheryle will focus on one of her very favourite developments – 50 Lorimer Street.

Yarra’s Edge is linked to Harbour Esplanade, Etihad Stadium and the CBD by the 6$ million dollar Webb Bridge whose funnel basket design was inspired by Aboriginal basket traps used to catch eels and fish. This major landmark of the waterfront precinct is 1.4km long and is open to pedestrians and cyclists only. It consists of 175 apartments across 31 levels, with gym and recreational facilities as well as retail.

50 Lorimer Street, Docklands

Top Sale in Financial Year 09: 3002/50 Lorimer Street $2,150,000

Bottom Sale in Financial Year 09: 2507/50 Lorimer Street $435,000

Number of Apartment Transactions in Docklands: 197

Number of Auctions in Docklands: 27

Number of Auctions Sold in Docklands: 27

Average Sale Price in Docklands: $608,970

Sales for 2009:

1607/50 Lorimer St 1 bedroom $450,000

1901/50 Lorimer St 3 bedroom $1,150,000

2507/50 Lorimer St 1 bedroom $435,000

2002/50 Lorimer St 3 bedroom $820,000

1306/50 Lorimer St 2 bedroom $550,000

1606/50 Lorimer St 2 bedroom $536,000

2608/50 Lorimer St 2 bedroom $695,000

1308/50 Lorimer St 2 bedroom $650,000

2005/50 Lorimer St 2 bedroom $620,000

3002/50 Lorimer St 3 bedroom $2,150,000

2107/50 Lorimer St 1 bedroom $440,000

2705/50 Lorimer St 2 bedroom $630,000

707/50 Lorimer St 1 bedroom $508,000

Rentals for 2009

1301/50 Lorimer Street $950 pw – Three bedrooms

1103/50 Lorimer Street $600 pw – Two bedrooms

1407/50 Lorimer Street $400 pw – One Bedroom

802/50 Lorimer Street $635 pw – Three bedrooms

1102/50 Lorimer Street $785 pw – Three bedrooms

2507/50 Lorimer Street $520 pw – One bedroom

1102/50 Lorimer Street $950 pw – Three bedrooms

705/50 Lorimer Street $600 pw – Two bedrooms

2807/50 Lorimer Street $400 pw – One bedroom

2606/50 Lorimer Street $480 pw – Two bedrooms

806/50 Lorimer Street $480 pw – Two bedrooms

2506/50 Lorimer Street $480 pw – Two bedrooms

1705/50 Lorimer Street $570 pw  – Two bedrooms

2703/50 Lorimer Street $600 pw – Two bedrooms

802/50 Lorimer Street undisclosed – Three bedrooms

1105/50 Lorimer Street $520 pw – Two bedrooms

2106/50 Lorimer Street $465 pw – Two bedrooms

707/50 Lorimer Street $420 pw – One bedroom

1603/50 Lorimer Street $600 pw – Two bedrooms

2008/50 Lorimer Street $550 pw – Two bedrooms

901/50 Lorimer Street $590 pw – Two bedrooms

3102/50 Lorimer Street $950 pw – Three bedrooms

2502/50 Lorimer Street $800 pw – Two bedrooms

2802/50 Lorimer Street $800 pw – Three bedrooms

Body Corporate: The body corporate for this building is Teys. They are a large body corporate management firm who manage several buildings in the Docklands precinct.

Facilities:

Quality services compete the appeal of this utterly private waterfront sanctuary where residents from Towers 1 – 5 have exclusive access to the ‘Rek Dek’, a $10 million state of the art facility which includes swimming pool, spa, sauna, steam room and gymnasium. Or alternate exercise with exquisite views, choose to unwind rooftop with Tai Chai. The development has a great sense of community which is encouraged by use of the facilities. There is also an on-site manager, as well as intercom security.

There is also a thriving retail element at Docklands, which provides great convenience and appeals to many of the owners and tenants in the block. Restaurants such as Live Bait, Berth and Mecca Bah have a cult following, as does the new super-supermarket Costco. A new shopping precinct featuring many well loved stores and the impending addition of Myer add to desire for leasing accommodation who work at Docklands. There is great parking facilities onsite for visitors, and wonderful proximity to Etihad Stadium. Employers such as NAB and ANZ have also moved their sizable workforces to the Docklands precinct, making growth from the corporate sector a sure thing.

Demographics: Over 1100 residents now live in the Yarra’s Edge Precinct and enjoy the ultimate lifestyle on the riverfront. With the development of the coffee and social club and various events held at the docklands, the Yarra’s Edge community is thriving. The River life e.newsletter gives an overview on what is happening at Yarra’s Edge and the Yarra’s Edge community. Since original settlement, we have seen the slow but steady shift of higher occupancy rates by owners. Most purchasers at 50 Lorimer professionals who work locally in the CBD. There are a few owners and investors country who utilise their apartment as a ‘lock up and leave’ second home. There are investors also who lease privately or through serviced apartment arrangements.

For in depth information on the history of Docklands, make sure to check out http://en.wikipedia.org/wiki/Docklands,_Victoria

Year of Build: 2003

Developer: Mirvac

Website for Yarra’s Edge

Number of Apartments in Block: Approximately 175

Construction Nearby Underway: The Southern Star Skywheel is in construction, and will likely mimic a London Eye style tourist attraction. VicUrban are currently constructing a development named Convesso Concavo.

Forecast for the 2010-2011 Financial Year: We invisage that continuing first home owner interest and buying power will keep the market buoyant in Docklands for the first half of 2010. Dependant on bank interest rates, we could experience a flattening of the market in 2010 in the plus $500,000 sector. Mum and Dad investors could well make a comeback in 2010 once first home owners lose their puff and buying power. 50 Lorimer Street offers a unique buying opportunity in a blue chip neighbourhood which should cushion it from too many market fluctuations.

For further information on this, or any other property needs you may have, please contact:

MHC_0093_72dpiCheryle Street

Director

m) 9600 4988 

e) cheryle@jcstreetrealestate.com.au

End of Financial Year Review: The Nolan

November 10, 2009 § 1 Comment

Nolan

The Nolan Building – 39 Caravel Lane Docklands

Welcome to your first End of Year Financial Review from JC Street. This week, Julie will focus on one of her very favourite developments – The Nolan at Docklands.

The Nolan is oft-considered the jewel in the crown of the Newquay precinct. Opened in December 2003, the Nolan comprises 204 apartments, ranging from 1 bedroom, through to luxurious penthouses, with sweeping views out over Melbourne’s beaches and mountains. The Nolan building incorporates a magnificent piece of artwork, drawing it’s inspiration from Sidney Nolan’s famous painting of Ned Kelly in the outback. Each owner has access to the property’s gym, pool, and outdoor recreational facilities.

Top Sale in Financial Year 09: 1906/39 Caravel Lane $640,000

Bottom Sale in Financial Year 09: 507/39 Caravel Lane $340,000

Number of Apartment Transactions in Docklands: 197

Number of Auctions in Docklands: 27

Number of Auctions Sold in Docklands: 27

Average Sale Price in Docklands: $608,970

Sales for 2009:

1104/39 Caravel Lane – $630,000 2 bedroom

1906/39 Caravel Lane – $640,000 2 bedroom

1905/39 Caravel Lane – $590,000 2 bedroom

1309/39 Caravel Lane – $385,000 1 bedroom

1508/39 Caravel Lane – $600,000 2 bedroom

603/39 Caravel Lane – undisclosed 2 bedroom

1205/39 Caravel Lane – $617,000 2 bedroom

2001/39 Caravel Lane – undisclosed, 2 bedroom

1006/39 Caravel Lane – $620,000 2 bedroom

507/39 Caravel Lane – $340,000 2 bedroom

Rentals for 2009:

804/39 Caravel Lane $520 pw – Two bedrooms

1403/39 Caravel Lane undisclosed – Two bedrooms

403/39 Caravel Lane $520 pw – Two bedrooms

901/39 Caravel Lane $875 pw – Three bedrooms

1405/39 Caravel Lane $500 pw – Two bedrooms

1308/39 Caravel Lane $580 pw – Two bedrooms

1508/39 Caravel Lane $480 pw – Two bedrooms

2005/39 Caravel Lane $480 pw – Two bedrooms

807/39 Caravel Lane $450 pw – Two bedrooms

607/39 Caravel Lane $450 pw – Two bedrooms

707/39 Caravel Lane $450 pw – Two bedrooms

1407/39 Caravel Lane $450 pw – Two bedrooms

1606/39 Caravel Lane $500 pw – undisclosed rooms

1109/39 Caravel Lane $380 pw – One bedroom

405/39 Caravel Lane $500 pw – One bedroom

1803/39 Caravel Lane $600 pw – Two bedrooms

2201/39 Caravel Lane $1100 pw – Three bedrooms

1709/39 Caravel Lane $380 pw – One bedroom

1107/39 Caravel Lane $480 pw – Two bedrooms

1202/39 Caravel Lane $750 pw – Three bedrooms

704/39 Caravel Lane $670 pw – Two bedrooms

409/39 Caravel Lane $380 pw – One bedroom

601/39 Caravel Lane $740 pw – Three bedrooms

1905/39 Caravel Lane $530 pw – Two bedrooms

1007/39 Caravel Lane $595 pw – Two bedrooms

1909/39 Caravel Lane $550 pw – One bedroom

1809/39 Caravel Lane $350 pw – One bedroom

Body Corporate: The body corporate for this building is Property Essentials. They are a large body corporate management firm who manage several buildings in the Docklands precinct.

Facilities: The development has a great sense of community which is encouraged by the facilities of pool and swanky gym. There is also an on-site manager, as well as intercom security. There is also some contemporary and eye-catching Bushranger themed artwork in the vein of Sidney Nolan in the entrance hall, which is a real feature of the building.

There is also a thriving retail element at Docklands, which provides great convenience and appeals to many of the owners and tenants in the block. Restaurants such as Live Bait, Berth and Mecca Bah have a cult following, as does the new super-supermarket Costco. A new shopping precinct featuring many well loved stores and the impending addition of Myer add to desire for leasing accommodation who work at Docklands. There is great parking facilities onsite for visitors, and wonderful proximity to Etihad Stadium. Employers such as NAB and ANZ have also moved their sizable workforces to the Docklands precinct, making growth from the corporate sector a sure thing.

Demographics: Since original settlement, we have seen the slow but steady shift of higher occupancy rates by owners. Most purchasers at the Nolan are young professionals who work locally in the CBD. There are a few more mature owners or families from the country who utilise their apartment as a ‘lock up and leave’ second home. There are investors also who lease privately or through serviced apartment arrangements.

For in depth information on the history of Docklands, make sure to check out http://en.wikipedia.org/wiki/Docklands,_Victoria

Year of Build: 2003

Developer: MAB Corporation http://www.mabcorp.com.au/

Number of Apartments in Block: Approximately 204

Construction Nearby Underway: The Southern Star Skywheel is in construction, and will likely mimic a London Eye style tourist attraction. VicUrban are currently constructing a development named Convesso Concavo.

Forecast for the 2010-2011 Financial Year: We invisage that continuing first home owner interest and buying power will keep the market buoyant in Docklands for the first half of 2010. Dependant on bank interest rates, we could experience a flattening of the market in 2010 in the plus $500,000 sector. Mum and Dad investors could well make a comeback in 2010 once first home owners lose their puff and buying power. The Nolan offers a unique buying opportunity in a blue chip neighbourhood which should cushion it from too many market fluctuations.

For further information on this, or any other property needs you may have, please contact:

MHC_0119_72dpi

Julie Street

Director

JC Street Real Estate

m) 9600 4988 

e) julie@jcstreetrealestate.com.au

w) www.jcstreetrealestate.com.au

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