The Palladio Quarterly Review

April 1, 2010 § Leave a comment

 

The Palladio – 15 Caravel Lane Docklands

Welcome to your Quarterly Review from JC Street. This week, Sharn will focus on the Palladio at Docklands.

The Palladio is NewQuay’s striking flagship building which boasts an exclusive frontage to the dramatic 300 m Victoria Harbour Promenade. The building features a distinctive curved front that resembles the prow of a ship. Panoramic curved balconies allows the privacy of your own balcony or simply sit harbour side watching the boats berth at the NewQuay Marina.

The Palladio with its strong prow shape forms the centre piece between the matching Arkley and the Boyd towers, with its continuous balcony spandrels accommodates 201 apartments over 23-levels. 

The Palladio 15 Caravel Lane, Docklands

FIRST QUARTERLY REPORT

Top Sale in First Quarter 2010: 804/15 Caravel Lane $585,000       

Bottom Sale in First Quarter 2010: 2208/15 Caravel Lane $465,000

Number of Apartment Transactions at Palladio in First Quarter 2010: 4

Number of Auctions at The Palladio First Quarter 2010: 0

Average Sale Price at the Palladio in Docklands: $525,000  

Sales for First Quarter 2010:

804/15 Caravel Lane $585000 – Two bedrooms

2208/15 Caravel Lane $465000 – Two bedrooms

1809/15 Caravel Lane $465000 – One bedroom

807/15 Caravel Lane $555000 – Two bedrooms

Rentals for First Quarter 2010:

1005/15 Caravel Lane $580 per week – Two bedrooms

1106/15 Caravel Lane $510 per week – Two bedrooms

1110/15 Caravel Lane $440 per week – One bedroom

406/15 Caravel Lane $510 per week – Two bedrooms

104/15 Caravel Lane $480 per week – One bedroom

1303/15 Caravel Lane $510 per week – Two bedrooms

1806/15 Caravel Lane $650 per week – Two bedrooms

1310/15 Caravel Lane $440 per week – One bedroom

511/15 Caravel Lane $480 per week – Two bedrooms

1208/15 Caravel Lane $470 per week – Two bedrooms

510/15 Caravel Lane $420 per week – One bedroom

SECOND QUARTERLY REPORT

Top Sale in Second Quarter 2010: 1401/15 Caravel Lane $825,000

Bottom Sale in Second Quarter 2010: 102/15 Caravel Lane $340,000

Number of Apartment Transactions at Palladio in Second Quarter 2010: 6

Number of Auctions at The Palladio Second Quarter 2010: 0

Average Sale Price at the Palladio in Docklands: $633,750

Sales for Second Quarter 2010:

102/15 Caravel Lane $340,000 – One bedrooms

2003/15 Caravel Lane $680,000 – Two bedrooms

1202/15 Caravel Lane $870,000 – Three bedroom

1806/15 Caravel Lane $625,000 – Two bedrooms

509/15 Caravel Lane $462,500 – Two bedroom

1401/15 Caravel Lane $825,000 – Three bedrooms

Rentals for Second Quarter 2010:

1510/15 Caravel Lane $440 per week – One bedroom

1608/15 Caravel Lane $510 per week – Two bedrooms

1010/15 Caravel Lane $540 per week – One bedroom

410/15 Caravel Lane $430 per week – One bedroom

1802/15 Caravel Lane $760 per week – Three bedrooms

705/15 Caravel Lane $700 per week – Two bedrooms

1802/15 Caravel Lane $760 per week – Three bedrooms

1702/15 Caravel Lane $730 per week – Three bedrooms

1505/15 Caravel Lane $720 per week – Two bedrooms

405/15 Caravel Lane $530 per week – Two bedrooms

2007/15 Caravel Lane $495 per week – Two bedrooms

1005/15 Caravel Lane $680 per week – Two 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:

The development has a great sense of community which is encouraged by outdoor heated pool, gymnasium, residents lounge and common courtyard.

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 Palladio 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: 2001

NewQuay Website

Waterfront City

Architect: Plus Architecture

Developer: MAB Corporation

Number of Apartments in Block: Approximately 201

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:

 Despite rising interest rates, Melbourne’s inner city market is still very buoyant with consistently over 80% clearance rates. The Docklands market is also growing, with lots of owner occupiers working in the city wanting to buy into our neighbourhood. We envisage this enthusiasm continuing throughout 2010. 

For further information on this, or any other property needs you may have, please contact:

Sharn Swann m) 0406 634 346 or e) sharn@jcstreetrealestate.com.au

 

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End of Year Financial Review – The Palladio @ NewQuay

December 14, 2009 § 2 Comments

The Palladio – 15 Caravel Lane Docklands

Welcome to your first End of Year Financial Review from JC Street. This week, Sharn will focus on one of her very favourite developments –The Palladio at Docklands.

The Palladio is NewQuay’s striking flagship building which boasts an exclusive frontage to the dramatic 300 m Victoria Harbour Promenade. The building features a distinctive curved front that resembles the prow of a ship. Panoramic curved balconies allows the privacy of your own balcony or simply sit harbour side watching the boats berth at the NewQuay Marina.

The Palladio with its strong prow shape forms the centre piece between the matching Arkley and the Boyd towers, with its continuous balcony spandrels accommodates 201 apartments over 23-levels.

The Palladio 15 Caravel Lane, Docklands

Top Sale in Financial Year 09: 1107/15 Caravel Lane $1,020,000

Bottom Sale in Financial Year 09: 103/15 Caravel Lane $360,000

Number of Apartment Transactions in Docklands: 197

Number of Auctions in Docklands: 27

Number of Auctions Sold in Docklands: 27

Average Sale Price at the Palladio in Docklands: $752,477              

Sales for 2009:

1503/15 Caravel Lane, Docklands $597,500 – Two bedrooms

103/15 Caravel Lane, Docklands $360,000 – One bedroom

1107/15 Caravel Lane, Docklands $540,000 – Two bedrooms

1009/15 Caravel Lane, Docklands $420,000 – One bedroom

1701/15 Caravel Lane, Docklands $770,000 – Three bedrooms

1409/15 Caravel Lane, Docklands $440,000 – One bedroom

2201/15 Caravel Lane, Docklands $1,020,000 – Three bedrooms

407/15 Caravel Lane, Docklands $442,000 – Two bedrooms

1910/15 Caravel Lane, Docklands $450,000 – One bedroom

1006/15 Caravel Lane, Docklands undislosed – Two bedrooms

1205/15 Caravel Lane, Docklands $575,000 – Two bedrooms

1805/15 Caravel Lane, Docklands $530,000 – Two bedrooms

1603/15 Caravel Lane, Docklands $570,000 – Two bedrooms

1508/15 Caravel Lane, Docklands $441,000 – Two bedrooms

2103/15 Caravel Lane, Docklands $468,000 – Two bedrooms

Rentals for 2009:

603/15 Caravel Lane, Docklands $510 pw – Two bedrooms

1905/15 Caravel Lane, Docklands $530 pw – Two bedrooms

1509/15 Caravel Lane, Docklands $440 pw – One bedroom

1507/15 Caravel Lane, Docklands $500 pw – Two bedrooms

1209/15 Caravel Lane, Docklands $500 pw – Two bedrooms

2104/15 Caravel Lane, Docklands $600 pw – Two bedrooms

104/15 Caravel Lane, Docklands $480pw – One bedroom

1505/15 Caravel Lane, Docklands $700 pw – Two bedrooms

809/15 Caravel Lane, Docklands $430 pw – Two bedrooms

1605/15 Caravel Lane, Docklands $520 pw – Two bedrooms

1807/15 Caravel Lane, Docklands $490 pw – Two bedrooms

413/15 Caravel Lane, Docklands undisclosed – One bedroom

1808/15 Caravel Lane, Docklands $640 pw – Two bedrooms

1701/15 Caravel Lane, Docklands $700 pw – Three bedrooms

1907/15 Caravel Lane, Docklands $600 pw – Two bedrooms

1705/15 Caravel Lane, Docklands $480 pw – Two bedrooms

603/15 Caravel Lane, Docklands $505 pw – Two bedrooms

1504/15 Caravel Lane, Docklands $500 pw – Two bedrooms

410/15 Caravel Lane, Docklands undisclosed – One bedroom

1507/15 Caravel Lane, Docklands $480 pw – Two bedrooms

1301/15 Caravel Lane, Docklands $650 pw – Three bedrooms

1508/15 Caravel Lane, Docklands undisclosed – Two bedrooms

1805/15 Caravel Lane, Docklands $500 pw – Two bedrooms

1603/15 Caravel Lane, Docklands $650 pw – Two bedrooms

405/15 Caravel Lane, Docklands $495 pw – Two bedrooms

1404/15 Caravel Lane, Docklands $500 pw – Two bedrooms

907/15 Caravel Lane, Docklands $480 pw – Two bedrooms

1606/15 Caravel Lane, Docklands $540 pw – Two bedrooms

1503/15 Caravel Lane, Docklands $ 540 pw – Two bedrooms

1608/15 Caravel Lane, Docklands $500 pw – Two bedrooms

702/15 Caravel Lane, Docklands $700 pw – Three bedrooms

1505/15 Caravel Lane, Docklands $700 pw – Two bedrooms

1003/15 Caravel Lane, Docklands undisclosed – Two bedrooms

1305/15 Caravel Lane, Docklands $680 pw – Two bedrooms

603/15 Caravel Lane, Docklands $495 pw – Two bedrooms

1108/15 Caravel Lane, Docklands $480 pw – Two 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: The development has a great sense of community which is encouraged by outdoor heated pool, gymnasium, residents lounge and common courtyard.

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 Palladio 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: 2001

NewQuay Website

Waterfront City

Architect: Plus Architecture

Developer: MAB Corporation

Number of Apartments in Block: Approximately 201

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 Palladio 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

Property Consultant

m) 0406 634 346 

e) sharn@jcstreetrealestate.com.au

End of Year Financial Review: The Boyd 5 Caravel Lane

November 23, 2009 § Leave a comment

The Boyd– 5 Caravel Lane Docklands

Welcome to your first End of Year Financial Review from JC Street. This week, Sharn will focus on one of her very favourite developments –The Boyd at Docklands.

The Boyd is a 19 level building with 168 apartments in a mix of one, two and three bedroom apartments in the heart of NewQuay, Docklands. It offers residents with a combination of views of Victoria Harbour and the city, with waterfront apartments within minutes of Melbourne’s CBD.

5 Caravel Lane, Docklands

Top Sale in Financial Year 09: 1002/5 Caravel Lane $875,000

Bottom Sale in Financial Year 09: 4080/5 Caravel Lane $460,000

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:

707/5 Caravel Lane, Docklands $537500 – Two bedrooms

1208/5 Caravel Lane, Docklands $510,520 – Two bedrooms

2006/5 Caravel Lane, Docklands $710,000 – Three bedrooms

1002/5 Caravel Lane, Docklands $875,000 – Three bedrooms

1307/5 Caravel Lane, Docklands $580,000 – Two bedrooms

2103/5 Caravel Lane, Docklands $600,000 – Two bedrooms

408/5 Caravel Lane, Docklands $460,000 – Two bedrooms

1303/5 Caravel Lane, Docklands Undisclosed – Two bedrooms

Rentals for 2009:

405/5 Caravel Lane, Docklands $680 pw – Two bedrooms

514/5 Caravel Lane, Docklands $400 pw – One bedrooms

805/5 Caravel Lane, Docklands $530 pw – Two bedrooms

2202/5 Caravel Lane, Docklands $900 pw – Three bedrooms

405/5 Caravel Lane, Docklands $640 pw – Two bedrooms

1507/5 Caravel Lane, Docklands $500 pw – Two bedrooms

409/5 Caravel Lane, Docklands $390 pw – One bedroom

408/5 Caravel Lane, Docklands $470 pw – Two bedrooms

904/5 Caravel Lane, Docklands $520 pw – Two bedrooms

2001/5 Caravel Lane, Docklands $1100 pw – Three bedrooms

704/5 Caravel Lane, Docklands $490 pw – Two bedrooms

605/5 Caravel Lane, Docklands $500 pw – Two bedrooms

606/5 Caravel Lane, Docklands $480 pw – Two bedrooms

1004/5 Caravel Lane, Docklands $500 pw – Two bedrooms

1909/5 Caravel Lane, Docklands $390 pw – One bedroom

1709/5 Caravel Lane, Docklands $390 pw – One bedroom

803/5 Caravel Lane, Docklands $500 pw – Two bedrooms

404/5 Caravel Lane, Docklands $480 pw – Two bedrooms

406/5 Caravel Lane, Docklands Undisclosed – Two bedrooms

1003/5 Caravel Lane, Docklands $700 pw – Two bedrooms

1205/5 Caravel Lane, Docklands $475 pw – Two bedrooms

1705/5 Caravel Lane, Docklands $520 pw – Two bedrooms

609/5 Caravel Lane, Docklands $380 pw – One bedroom

1406/5 Caravel Lane, Docklands $500 pw – Two bedrooms

511/5 Caravel Lane, Docklands $325 pw  – One bedroom

407/5 Caravel Lane, Docklands Undisclosed – Two bedrooms

607/5 Caravel Lane, Docklands $480 pw – Two bedrooms

1404/5 Caravel Lane, Docklands $495 pw – Two bedrooms

1007/5 Caravel Lane, Docklands $670 pw – Two bedrooms

514/5 Caravel Lane, Docklands $380 pw – One bedroom

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: The development has a great sense of community which is encouraged by the facilities of 25 metre lap pool and gym.

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 Boyd 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

Number of Apartments in Block: Approximately 168

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 Boyd 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

Sales Consultant

m) 0406 634 346

e) sharn@jcstreetrealestate.com.au

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