End of Year Financial Review – The Arkley

January 12, 2010 § Leave a comment

 

 

The Arkley Building – 20 Rakaia Way 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 Arkley at Docklands.

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.

The Arkley 20 Rakaia Way, Docklands

Top Sale in Financial Year 09: 1302/20 Rakaia Way $800,000

Bottom Sale in Financial Year 09: 504/20 Rakaia Way $252,000

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:

1805/20 Rakaia Way $715,000 3 bedroom

1206/20 Rakaia Way undisclosed 2 bedroom

1009/20 Rakaia Way $370,000 1 bedroom

504/20 Rakaia Way $252,000 2 bedroom

1308/20  Rakaia Way $499,900 2 bedroom

115/20 Rakaia Way undisclosed 1 bedroom

1302/20 Rakaia Way $800,000 3 bedroom

Rentals for 2009:

2005/20 Rakaia Way $700 pw 3 bedroom

216/20 Rakaia Way $480 pw 1 bedroom

1206/20 Rakaia Way $450 pw 2 bedroom

113/20 Rakaia Way $450 pw 2 bedroom

114/20 Rakaia Way $380 pw 1 bedroom

2003/20 Rakaia Way $590 pw 2 bedroom

1008/20 Rakaia Way $530 pw 2 bedroom

216/20 Rakaia Way $480 pw 1 bedroom

1003/20 Rakaia Way $500 pw 2 bedroom

805/20 Rakaia Way $530 pw 2 bedroom

1107/20 Rakaia Way $700 pw 2 bedroom

1005/20 Rakaia Way $490 pw 2 bedroom

216/20 Rakaia Way $480 pw 1 bedroom

1403/20 Rakaia Way $650 pw 1 bedroom

2002/20 Rakaia Way undisclosed 3 bedroom

1201/20 Rakaia Way $850 pw 3 bedroom

2002/20 Rakaia Way $850 pw 3 bedroom

1505/20 Rakaia Way $480 pw 2 bedroom

115/20 Rakaia Way $360 pw 1 bedroom

216/20 Rakaia Way $480 pw 1 bedroom

215/20 Rakaia Way $370 pw 1 bedroom

801/20 Rakaia Way $730 pw 3 bedroom

2002/20 Rakaia Way $595 pw 2 bedroom

704/20 Rakaia Way $480 pw 2 bedroom

909/20 Rakaia Way $400 pw 1 bedroom

214/20 Rakaia Way $360 pw 1 bedroom

701/20 Rakaia Way $700 pw 3 bedroom

1702/20 Rakaia Way undisclosed 2 bedroom

1302/20 Rakaia Way $720 pw 3 bedroom

115/20 Rakaia Way $330 pw 1 bedroom

1107/20 Rakaia Way $670 pw 2 bedroom

1709/20 Rakaia Way $480 pw 1 bedroom

1003/20 Rakaia Way $500 pw 2 bedroom

1409/20 Rakaia Way $360 pw 1 bedroom

1001/20 Rakaia Way $750 pw 3 bedroom

1407/20 Rakaia Way $480 pw 2 bedroom

216/20 Rakaia Way $480 pw 1 bedroom

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.

Click here for indepth information on Docklands.

 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 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 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Director

Julie Street

m) 9600 4988

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.

 

 

Yarra’s Edge – 70 Lorimer Street Docklands

December 14, 2009 § Leave a comment

Yarra’s Edge – Tower 3 @ 70 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 – 70 Lorimer Street.

Yarra’s Edge is linked to Harbour Esplanade, Telstra Dome 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. Yarra’s Edge Tower 3, the third tower of this striking development, is comprised of 134 apartments and 6 commercial/mixed use areas with gym and recreational facilities as well as retail.

70 Lorimer Street, Docklands

Top Sale in Financial Year 09: 601/70 Lorimer Street $1,075,000

Bottom Sale in Financial Year 09: 1904/70 Lorimer Street $725,000

Number of Apartment Transactions in Docklands: 197

Number of Auctions in Docklands: 27

Number of Auctions Sold at Docklands: 27

Average Sale Price at Lorimer 70: $837,500

Sales for 2009:

601/70 Lorimer Street – $1,075,000 – Four bedrooms

2803/70 Lorimer Street – $825,000 – Two bedrooms

1904/70 Lorimer Street – $725,000 – Two bedrooms

1004/70 Lorimer Street – undisclosed – Two bedrooms

Rentals for 2009

3/70 Lorimer Street undisclosed pw – 4 bedrooms

701/70 Lorimer Street $850 pw – Four bedrooms

1901/70 Lorimer Street $1100 pw – 4 bedrooms

3103/70 Lorimer Street undisclosed – 2 bedrooms

2903/70 Lorimer Street $650pw – 2 bedrooms

2002/70 Lorimer Street $625 pw – 2 bedrooms

1203/70 Lorimer Street $580 pw – 2 bedrooms

701/70 Lorimer Street $900 pw – 4 bedrooms

2802/70 Lorimer Street $620pw – 2 bedrooms

1704/70 Lorimer Street $590pw – 2 bedrooms

3103/70 Lorimer Street undisclosed – 2 bedrooms

2704/70 Lorimer Street undisclosed – 2 bedrooms

1703/70 Lorimer Street $680pw – 2 bedrooms

901/70 Lorimer Street $1200pw – 4 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 70 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 134

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. 70 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:

Cheryle Street

Director

m) 9600 4988 or

e) cheryle@jcstreetrealestate.com.au

Lighthouse Foundation Christmas Party

December 14, 2009 § Leave a comment

 

On Tuesday evening Julie and Iolanthe were lucky enough to attend the wonderful Lighthouse Foundation’s Christmas celebrations.

We attach some photos of their great workspace in Richmond, as well as the key protagonists such as Kane and Susan who really keep the wheel spinning – as well as the wonderful kids.

We will be running a fundraising venture for them – a ladies luncheon – in April of 2010. This will consist of short speeches by the directors of both The Lighthouse Foundation and Challenge Australia, as well as a charity auction. If any of you know a great space in the Docklands who would be interested in hosting this charity event, do contact Iolanthe on 9600 4988.

  

 

 

 

Charity Ahoy Aboard Pelican 1!

December 7, 2009 § Leave a comment

Always socially minded, JC Street Real Estate’s Sharn invited her land-lubbing colleagues to join her on a beautiful sail around Melbourne’s bay from Docklands on the renowned Pelican1 vessel.

Pelican Expeditions run programmes such as the Hope Vale Project, which heads north every year to work with the Indigenous Community. This project is manged in close collaboration with Elders from Hope Vale and includes turtle and dugong research, seagrass monitoring, digital storytelling, weaving, dance and music workshops as well as sail training, visits to sea country and a recreation of the traditional voyages undertaken in dugout canoes to Lizard Island. Major sponsors includ the ANZ bank and the Indigenous Coordination Centre.

Pelican Expeditions also run the Two Bays Project supporting the unique living environments of Port Phillip Bay. The vessel is used as a plasform of scientific studies including underwater water quality monitoring, ecological studies and habitat mapping in Marine National Parks, bay exchange investigations and citizen science days.

To find out more about this extraordinary boat and the charity work that it undertakes visit the Pelican1 website.

We were invited aboard for an evening charity event to raise funds for this important part of our local environments’ science research – here are a few images of our expedition.

 

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