Feeling ‘Trivial’ at Docklands this week?

June 16, 2010 § Leave a comment

Sigh. This little old J.C Street Blogger has a confession to make. I am a total Trivia Tragic. And Docklandsnews.com.au has made it clear to me that I need go no further than Melbourne’s self-professed ‘Newest Football Pub’ – the Nixon at Docklands.

Located just near the famous Watergate development and only a quick walk to Etihad Stadium and NAB, you can come along and join J.C Street tragics on Thursday evening 6-8pm. The Trivia is free, the food is yummy and you’ll get to meet your locals. Perfect!

Quarterly Update The Arkley

May 6, 2010 § Leave a comment

 

The Arkley Building – 20 Rakaia Way Docklands

Welcome to your Quarterly Review for 2010 at the Arkley.

The Arkley, the first building constructed on the NewQuay established the principles of the strong, elegantly robust architectural expression emphasising form and place making.

Comprising 176 apartments and approximately 1,900 sqm of retail and restaurant space over 21 levels, this building defines the promenade plaza leading down to the Harbour and sets the canvas for the sculpture ‘Silence’ and the Icon Restaurants. With the promenade forming an important and integral part of the Public Realm of the Docklands precinct which is a fully accessible public water front.

The integrated artwork on the perforated aluminium sheet north façade of The Arkley is ‘Outside Inside Out’ by Matthew McCarthy of Clear Design.

20 Rakaia Way, Docklands

FIRST QUARTERLY REPORT

Top Sale in the Arkley for Q1 2010: 501/20 Rakaia Way $818,000

Bottom Sale in the Arkley for Q1: 1008/20 Rakaia Way $535,000

Number of Apartment Transactions at The Arkley in Q1: 2

Number of Auctions at the Arkley: 0

Average Sale Price at the Arkley in Q1: $629,333

Sales for Q1 2010 at the Arkley:

1008/20 Rakaia Way $535,000 Two bedrooms

501/20 Rakaia Way $818,000 Three bedrooms

Rentals for 2009:

503/20 Rakaia Way $545 pw Two bedrooms

1309/20 Rakaia Way $400 pw One bedroom

1603/20 Rakaia Way $650 pw Two bedrooms

607/20 Rakaia Way $580 pw Two bedrooms

2003/20 Rakaia Way $590 pw Two bedrooms

1409/20 Rakaia Way $380 pw One bedroom

1106/20 Rakaia Way $520 pw Two bedrooms

1509/20 Rakaia Way $400 pw One bedroom

706/20 Rakaia Way $680 pw Two bedrooms

SECOND QUARTERLY REPORT

Top Sale in the Arkley for Q2 2010: 501/20 Rakaia Way $760,000

Bottom Sale in the Arkley for Q2: 1008/20 Rakaia Way $550,000

Number of Apartment Transactions at The Arkley in Q2: 3

Number of Auctions at the Arkley: 0

Average Sale Price at the Arkley in Q2: $637,333

Sales for Q2 2010 at the Arkley:                

703/20 Rakaia Way $602,000 Two bedrooms

707/20 Rakaia Way $550,000 Two bedrooms

1806/20 Rakaia Way $760,000 Three bedrooms

Rentals for Q2 2010 at the Arkley:

1202/20 Rakaia Way $750 pw Three bedrooms

1403/20 Rakaia Way $670 pw Two bedrooms

503/20 Rakaia Way $545 pw Two bedrooms

1309/20 Rakaia Way $400 pw One bedroom

1603/20 Rakaia Way $650 pw Two bedrooms

Inset: Arkley McCarthy perforated art work

Facilities:

The development has a great sense of community which is encouraged by facilities such as the heated outdoor pool, spa, gymnasium, golf practise net and common outdoor area.

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 Arkley 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, click here

Year of Build: 2003

Developer: MAB Corporation

Architect: Plus Architecture

Website for NewQuay

Number of Apartments in Block: 176

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 have had strong owner occupier interest in the Arkley and Newquay developments this year to date. Despite the RBA having raised rates several times in the past 6 months, clearance rates of stock in the 3008 neighbourhood is very strong. Mum and Dad investors could well make a comeback in 2010 once first home owners lose their puff and buying power. The Arkley 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:

Julie Street m) 9600 4988 or e) julie@jcstreetrealestate.com.au

Please note: All information provided herein is of a general nature. No decisions should be made based on this information without further private research and advice.

Financial Review: Victoria Point

April 28, 2010 § Leave a comment

Victoria Point

100 Harbour Esplanade

Rising to 150 metres in height and curved in sail-like features of vibrant colours, Victoria Point is a landmark of sophistication on Melbourne Docklands, Australia’s most stylish urban renewal development, just minutes from the heart of the city’s CBD and world renowned entertainment, cultural, and shopping.

Above a precinct of new restaurants, bars, shops and commerce, strikingly appointed apartments and penthouses, designed for true inner-urban contemporary living and convenience, offer a haven only matched in pleasure by spectacular views of the surrounding harbour, river and city skyline.

Victoria Point, Docklands

Top Sale in Last Year: 3204/100 Harbour Esplanade $765,000

Bottom Sale in LastYear: 1711/100 Harbour Esplanade $310,000

Number of  Transactions at Victoria Point: 19

Number of Auctions at Victoria Point: 1

Number of Auctions Sold at Victoria Point: 1

Average Sale Price at Victoria Point: $499,870

Sales for Past Year:

1410/100 Harbour Esplanade 1 bedroom $505,000

1611/100 Harbour Esplanade 1 bedroom $400,000

2311/100 Harbour Esplanade 2 bedroom price undisclosed

1302/100 Harbour Esplanade 1 bedroom $405,000

1711/100 Harbour Esplanade 1 bedroom $310,000

3204/100 Harbour Esplanade 2 bedrooms $765,000

903/100 Harbour Esplanade 1 bedroom $445,000

706/100 Harbour Esplanade 1  bedroom $425,000

1906/100 Harbour Esplanade 2 bedroom $505,000

2301/100 Harbour Esplanade 2 bedrooms $695,000

501/100 Harbour Esplanade 2 bedrooms $605,000

1710/100 Harbour Esplanade 1 bedroom $478,000

601/100 Harbour Esplanade 2 bedroom $588,000

2902/100 Harbour Esplanade 2 bedrooms $660,000

1114/100 Harbour Esplanade 1 bedroom $330,000

2306/100 Harbour Esplanade 2 bedrooms $593,000

1607/100 Harbour Esplanade 2 bedrooms $530,000

1014/100 Harbour Esplanade 1 bedroom $360,000

1401/100 Harbour Esplanade 1 bedroom $505,000

Rentals for Past Year:

2307/100 Harbour Esplanade $900 pw 3 bedrooms

100 Harbour Esplanade $950 pw 3 bedrooms

3601/100 Harbour Esplanade undisclosed price 4 bedrooms

1302/100 Harbour Esplanade $475 pw 1 bedroom

714/100 Harbour Esplanade $370 pw 1 bedroom

602/100 Harbour Esplanade $400 pw 1 bedroom

2202/100 Harbour Esplanade $650 pw 2 bedrooms

2700/100 Harbour Esplanade undisclosed 3 bedrooms

914/100 Harbour Esplanade $400 pw 1 bedroom

616/100 Harbour Esplanade $390 pw 1 bedroom

812/100 Harbour Esplanade $520 pw 1 bedroom

1314/100 Harbour Esplanade $390 pw 1 bedroom

714/100 Harbour Esplanade $340 pw 1 bedroom

1013/100 Harbour Esplanade $420 pw 1 bedroom

2311/11 Harbour Esplanade $550 pw 1 bedroom

100 Harbour Esplanade $850 pw 3 bedroom

2010/100 Harbour Esplanade $400 pw 1 bedroom

1502/100 Harbour Esplanade $500 pw 1 bedroom

1502/100 Harbour Esplanade $520 pw 1 bedroom

2807 Harbour Esplanade $870 pw 3 bedrooms

1502/100 Harbour Esplanade $520 pw 1 bedroom

2801/100 Harbour Esplanade $620 pw 2 bedrooms         

Undisclosed number/100 Harbour Esplanade $950 pw 3 bedrooms

3601/100 Harbour Esplanade undisclosed price 4 bedrooms

1302/100 Harbour Esplanade $475 1 bedroom

Body Corporate:

The body corporate for this building is SSKB. They are a large body corporate management firm who manage many high density buildings.

Facilities:

To a harmonise inner urban location with an unperturbed village oasis experience, landscaped garden areas and facilities including a 25 metre heated pool, restaurant and fully equipped gymnasium have been integrated for the enjoyment of all residents, tenants and their guests.

Three levels of parking provide 620 car spaces for the exclusive use of Victoria Point residents and tenants. Additional car parking is close by in the adjacent Etihad Stadium car park. A 24-hour monitored security system covers the car park and landscaped grounds, whilst an audio intercom system is connected to all apartments.

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 Victoria Point are 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 click here

Year of Build Completion: 2005

Developer: Devine

Website for Victoria Point

Google website for Victoria Point

Number of Apartments in Block: Approximately 447

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. Victoria Point 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:

Cheryle Street

m) 9600 4988

e) cheryle@jcstreetrealestate.com.au

Parking Privileges for Car Poolers

April 19, 2010 § Leave a comment

Do you work at Victoria Harbour? Sick of lonely drives in and out of the city? There is an interesting new transport solution for you on the cards – carpooling!

Check out all the local businesses which are involved, their own staff carpooling to work. These include ANZ, Ericsson, Fujitsu, Lend Lease and the National Australia Bank.

This is an inexpensive and flexible way of finding staff matches in your own business, as well as making new friends. The website is run by Access Melbourne, a group of employers who wish to support sustainable transport in Melbourne.

They have even got $10 a day carparking (a discounted rate) for carpoolers at Etihad stadium. And just to up the feelgood factor, for every registration to www.weridewithpurpose.org a donation of $1 is made to Kiva (a microcredit agency functioning in developing countries).

Toot toot!

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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