Costco pumps $140m into Aussie growth

September 24, 2010 § Leave a comment

Costco’s only Australian store made $8.9 million in sales and membership fees in its first two weeks of operation, as customers flocked to the warehouse discount outlet.  

But Costco Wholesale Australia made an overall loss of $14 million in the year to August 31, 2009, due to the costs of establishing its second store and headquarters in New South Wales, its special purpose annual report revealed.

The company had reported an annual loss of $2.4 million in the previous year due to the cost of establishing its maiden store at Melbourne‘s Docklands.

That store opened on August 17, 2009, and the annual report, filed with the Australian Securities and Investment Commission on Tuesday, reflects sales during its first two weeks of operation.

Costco now has 345 employees in Australia and an annual salary bill of more than $9 million.

The annual report also reveals that its parent company in America has injected another $140 million worth of capital into the company.

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Hamton-launches new upmarket appartments in South Melbourne

September 14, 2010 § Leave a comment

MELBOURNE developer Hamton is taking apartment living to a new level with its Fifty Albert project in South Melbourne.

On offer is 294 one, two and two-bedroom plus study apartments as well as access to a “lifestyle team” which will include a personal trainer, yoga instructor, masseuse, beauty therapist, art curator, poker ambassador and concierge.

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September 3, 2010 § Leave a comment

347 Dorcas Street, South Melbourne

Open for inspection: Saturday 4th September at 12:30pm

Auction: Saturday 4th September at 1:00pm

EPR: $950,000-$1,000,000

Get ready for a BIG auction this weekend when 347 Dorcas Street goes under the hammer!! The exceptionally stunning residence has attracted buyers from far and wide. Come on down and watch the show!!

Have you got a property to sell in South Melbourne? You know who to talk to!!

More property details…

Superb Auction Result – Record Setting for J.C Street

June 27, 2010 § Leave a comment

Another cracking weekend in the South Melbourne market for the team at J.C Street Real Estate. 90 Palmerston Crescent went under the hammer to an expectant crowd after a 4 week auction campaign full of eager buyers.

Called at an enthusiastic and cracking pace by Phil de Fegely, this auction’s result is going to remain unreported. However, we can confirm that the result was FAR above the vendors expectations and that they are absolutely delighted.

J.C Street is quickly gaining traction in the South Melbourne market, only recently having auction another at Little Iffla Street in the past month. Are you wanting a unique campaign run seamlessly and professionally in South Melbourne? Look no further.

Congratulations ladies at J.C Street and congratulations vendors!

Get Ready For A Big Auction!

June 22, 2010 § Leave a comment

This weekend, you will be able to enjoy a stonking huge auction at 90 Palmerston Crescent. Located in South Melbourne, this unique renovated miner’s style cottage hides an unabashedly contemporary heart. Polished concrete floors, grand outdoor area, separate study room – it’s the best! 12:30pm this Saturday, with an open for inspection from 12:00 – 12:30. Phil de Fegely will be the auctioneer on this property, so let’s all look forward to a great result and an entertaining display. The ladies from J.C Street have done a sterling job on this property, with great number through each week.

Have you got a property to sell in South Melbourne? You know who to talk to!

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