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.

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.

 

 

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