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

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Welcome to Streetblog

October 19, 2009 § 1 Comment

 

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Welcome to the debut of J.C. Street Real Estate to the world of the blog. StreetBlog.

We hope that this forum proves a trustworthy and reliable tool for you to stay up to date with  premium quality properties in Melbourne, and the market as its moods shift and change.

We will endeavour to provide a range of different kinds of information about properties we specialize in – such as the Docklands , as well as opinion pieces on new areas to invest in, or the best way to wade through the property labyrinth that is Melbourne.

If you want to see specific information or research provided to this blog, please do send an email to iolanthe@jcstreetrealestate.com.au, who will be certain it becomes available.

Thanks again for your support. We remember always that Your Happiness is Our Future

Cheryle & Julie Street

Directors

J.C. Street Real Estate

cheryle@jcstreetrealestate.com.au

julie@jcstreetrealestate.com.au

ph: 9600 4988

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