Spring is in the air!

October 13, 2010 § Leave a comment

The sun is starting to shine, grass is being cut and the sweet scent of blossom wafts through the air. It is these tell tale signs that mark the beginning of the spring social season. For the J.C Street girls this is an exciting, hectic and action packed time of the year.   

Spring Racing Carnival… The countdown is over. Couture dresses, sparkling jewels, extravagant hats and sensational stilettos complimented by a day off and glass of Champagne. What more could a girl want? So unless Mother Nature rains on our parade the J.C Street girls will be at the spectacle just before the first horse jumps.

We would love to see you at the race. Who will you be? Where will you be? And most importantly what will you wear?

 As we don’t take well to falling down rabbit holes remember to let one of the girls know where to find you!

The pointy end of the Yarra

October 1, 2010 § Leave a comment

Eight years after building its fifth tower, Mirvac has launched Yarra Point, the sixth tower in its Yarra River precinct development. The $200 million, 31-level tower will have 201 one, two and three-bedroom apartments. Like the Yarra’s Edge townhouses, Yarra Point offers waterfront living with premium views of the city, Point Park and Port Phillip Bay.

All apartments will have private balconies set into the building’s facade and this development boasts spacious layouts and apartments ranging in size from approximately 55 to 200 square metres. Sky residences make up the top three levels, offering spacious living and three bedrooms from $1.4 million.

Read more…

The Shakespearean drama taking place in your street

September 29, 2010 § Leave a comment

 

Of all the unique things about Melbourne, here is one of the strangest: our city is devoted to a pastime that is all our own. Yes, it might be followed half-heartedly in other cities, but only here has it reached the fervour of a religion, the passion of an obsession. During the season, no Saturday is complete without it. The Age has an entire section devoted to it, full of intelligent expert commentary, and just by looking at the crowd you can see the breadth of its appeal.

Melburnians of all ages, backgrounds and circumstances jostle for a better view, staring at the proceedings with rapt attention. For children, their first attendance is often a rite of passage. They watch, wide-eyed, while the big men in their uniforms flay their arms and try to rev up the crowd. I find the sight of fathers with small children perched on their shoulders or mothers rocking prams incredibly touching, these parents gently initiating our next generation into the mysteries of the greatest game of all.

Read more…

CBA joins calls for an October rate rise

September 23, 2010 § Leave a comment

 

The nation’s largest home lender has joined a growing number of banks in shifting expectations for an interest rate rise to October.

But the Commonwealth Bank‘s chief economist Michael Blythe does not expect the Reserve Bank will lift the cash rate in three consecutive monthly moves that characterised its first two stages in winding back monetary policy from the “emergency” rate three per cent.

“The timing of a subsequent move will depend on the reaction to the October rise and the subsequent flow of data,” Mr Blythe said on Thursday announcing his bank’s changed rate call.

But he does expect the cash rate will eventually peak at six per cent following further rate increase through 2011.

Read more…

Under the Hammer – Channel 7

July 27, 2010 § Leave a comment

The secrets of the property market are unlocked in UNDER THE HAMMER, Channel Seven’s new documentary series that takes viewers beyond the front gate and into the wild world of real estate.

Featuring J.C Street Real Estate!

Click to Watch!!

Financial Review – Mosaic Docklands

June 7, 2010 § 2 Comments

The Mosaic – 801 Bourke Street, Docklands

Sharn Swann presents an annual rundown on all the activity essential for Mosaic owners to know.

A $40 million boutique, nine storey residential development on Bourke Street, is the latest addition to Lend Lease’s 30 hectare Victoria Harbour waterfront development. The Mosaic offers a choice of one bedroom plus study, two bedroom apartments and three bedroom penthouses, as well as six, two-storey, three bedroom plus study terrace homes. All are generously sized and feature secure off street parking, conveniently located bulk storage and high quality finishes. The layout of the apartments has been designed to ensure that every one has a view of the city and Docklands Park to the east. While the two and three bedroom apartments boast dual aspects with views east over parks to the city skyline and west to the sunsets over Victoria Green. These dual aspect apartments have been designed to make the best possible use of the abundant natural light and deliver all the advantages of cross ventilation.

The Mosaic, Docklands

Top Sale in Last Year: 94/801 Bourke Street $949,500 3 bedroom

Bottom Sale in Last Year: 23/801 Bourke Street $501,000 2 bedroom

Number of  Transactions at Mosaic: 5

Number of Auctions at Mosaic: 1

Number of Auctions Sold at Mosaic: 1

Average Sale Price at Mosaic: $715,188

Sales for Past Year:

94/801 Bourke Street $949500 3 bedrooms

21/801 Bourke Street $746000 2 bedrooms

15/801 Bourke Street $660000 2 bedrooms

23/801 Bourke Street $501,000 2 bedrooms

64/801 Bourke Street $618,000 2 bedrooms

61/801 Bourke Street $735,000 2 bedrooms

Rentals for Past Year:

42/801 Bourke Street $550 per week 1 bedroom

23/801 Bourke Street $485 per week 2 bedroom

68/801 Bourke Street $550 per week 2 bedroom

75/801 Bourke Street $600 per week 2 bedroom

94/801 Bourke Street $800 per week 3 bedroom

77/801 Bourke Street $450 per week 2 bedroom

78/801 Bourke Street $580 per week 2 bedroom

Body Corporate:

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

Amenities:

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 Mosaic 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

Developer: Vivas LendLease

Number of Apartments in Block: 64 apartments and 6 townhouses.

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 envisage that continuing owner occupier 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. Mosaic 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 p) 9600 4988 or e) sharn@jcstreetrealestate.com.au

Financial Review – The Montage, Docklands

June 7, 2010 § 1 Comment

Montage – 1 Encounter Way, Docklands

This week, Sharn Swann presents the ins and outs of one of Docklands newest and most eco-intelligent developments – Montage!

This nine storey development nestled between Dockland Park and Victoria Green is a great example of a visually impressive and environmentally considered design. A minimum of 70% of the rainwater collected from the roof is stored in tanks and used for irrigation, cleaning and toilet flushing, and at least 50% of the landscaping comprises Victorian natives, irrigated with rainwater collected on the site. No HCFC’s are used in the air-conditioning system, 100% of the timber used in the development is from sustainable plantations or recycle and water efficient fixtures and fittings have been installed. These initiatives and others have resulted in The Montage receiving a VicUrban Award of Merit. An expansive communal rooftop terrace will be accessible to all, with penthouses boasting their very own rooftop garden space.

Surrounded by parklands with Docklands Park to the east and Victoria Green to the west, the building has been designed with sustainability in mind.

Montage, Docklands

Top Sale in Last Year: 504/1 Encounter Way $720,000

Bottom Sale in Year: 504/1 Encounter Way $720,000

Number of Transactions at Victoria Point According to REIV: 1

Number of Auctions at Victoria Point: 0

Number of Auctions Sold at Victoria Point: 0

Average Sale Price at Victoria Point: $720,000

Sales for Past Year:

504/1 Encounter Way $720,000 2 bedrooms

Rentals for Past Year:

9/1 Encounter Way 3 bedrooms $1095 per week

408/1 Encounter Way 1 bedroom $480 per week

503/1 Encounter Way 2 bedroom $430 per week

306/1 Encounter Way 2 bedroom $480 per week

Body Corporate: The body corporate for this building is TEYS.

 They are a large body corporate management firm who manage many high density buildings.

Facilities:

Communal rooftop terrace to enjoy sunny Melbourne afternoons, complete with BBQ area.  Perfectly situated just a short stroll to Victoria Harbour’s many cafes, boutiques, bars and restaurants. Public transport links, taxi ranks, cycle tracks and pedestrian-only walkways provide convenient access to the city centre in minutes.

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:  

We will increasingly see the slow but steady shift of higher occupancy rates by owners. Most purchasers and tenants at Montage are professionals who work locally in the CBD. There are a few owners and country investors 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 click here

Developer: Vivas LendLease

Website for The Montage

Number of Apartments in Block: Approximately 77 apartments and 8 3-level terraces.

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 envisage that continuing owner occupier 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. Montage 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

 m) 9600 4988 or

 e) sharn@jcstreetrealestate.com.au

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