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…

On Your Bike!

July 7, 2010 § 1 Comment

Get ready for Melbourne’s newest green addition – Melbourne Bike Share!

5 new bikeshare stations were installed at the Docklands in the past month, bringing the total amount of stations installed around Melbourne to 50, with over 600 bikes in ‘circulation’ (pardon our pun!).

Run by the RACV, Melbourne Bike Share’s mission is to build a safer, greener and fairer transport system for Victorians. Bike sharing is a philosophy embraces by many capital cities around the world, and is a sustainable and healthy form of transport.

To join up, visit the corporate site and purchase an annual subscription – you will then receive a rather funky Melbourne Bike Share key which you use to unlock your chosen glorious riding machine. The first half hour of every ride is free – which is fabulous when you consider how small Melbourne’s CBD really is.

The only rub? You need to bring your own bike helmet, or you can buy one through the Melbourne Bike Share Website.

You can find the Docklands bike stations at Merchant Street, Bourke Street, NewQuay and Yarra’s Edge.

So come on – on your bike!

Financial Review – 90 Lorimer Street T5

January 11, 2010 § Leave a comment

 

Yarra’s Edge – Tower 5 90  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 – 90 Lorimer Street.

Spanning over 40 stories and appearing impossibly thin from some angels, Yarra’s Edge Tower 5 is undoubtedly one of the best looking towers in Melbourne.  With a diamond shaped exterior, and an inner form of glass displaying a bronze torso that culminates in a distinctive crown, the building takes design to a new level.

The striking design and classic urban sophistication is reflected throughout the interior. Starting on the ground with the impressive foyer the design aesthetic continues throughout the tower’s 191 apartments and culminates at the spectacular penthouses.

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.

90 Lorimer Street, Docklands

Top Sale in Year 09: 3702/90 Lorimer Street $1,580,000

Bottom Sale in Year 09: 2105/90 Lorimer Street $610,000

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 90: $979,813

Sales for 2009:

1402/90 Lorimer Street – 2 bedrooms $880,900

2105/90 Lorimer Street – 2 bedrooms $610,000

3102/90 Lorimer Street – 2 bedrooms $895,000

3702/90 Lorimer Street – 3 bedrooms $1,580,000

602/90 Lorimer Street – 2 bedrooms $900,000

1404/90 Lorimer Street – 3 bedrooms $1,172,500

3/90 Lorimer Street – 2 bedrooms $885,000

2902/90 Lorimer Street – 2 bedrooms $885,000

2502/90 Lorimer Street – 2 bedrooms $860,000

1601/90 Lorimer Street – 4 bedrooms $1,280,000

Recent Rentals:

2403/90 Lorimer Street – 2 bedrooms $675 per week

1701/90 Lorimer Street – 3 bedrooms $975 per week

2902/90 Lorimer Street – 2 bedrooms $710 per week

1204/90 Lorimer Street – 3 bedrooms $950 per week

1202/90 Lorimer Street – 2 bedrooms $750 per week

802/90 Lorimer Street – 2 bedrooms $620 per week

3502/90 Lorimer Street – 3 bedrooms $995 per week

2904/90 Lorimer Street – 3 bedrooms $1000 per week

3302/90 Lorimer Street – 3 bedrooms $980 per week

3201/90 Lorimer Street – 3 bedrooms $5200 per month

1203/90 Lorimer Street – 2 bedrooms $650 per week

803/90 Lorimer Street – 2 bedrooms $610 per week

2503/90 Lorimer Street – 2 bedrooms $650 per week

2402/90 Lorimer Street – 2 bedrooms $800 per week

2305/90 Lorimer Street – 2 bedrooms $500 per week

3301/90 Lorimer Street – 4 bedrooms $923 per week

1104/90 Lorimer Street – 3 bedrooms $950 per week

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 90 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.

Click here for in depth information on the history of Docklands.

Year of Build: 2003

Developer: Mirvac

Website for Yarra’s Edge

Number of Apartments in Block: Approximately 191

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. 90 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:

Director

Cheryle Street

m) 0412 343 344

 e) cheryle@jcstreetrealestate.com.au

Please note: All information provided herein is secondarily sourced. No financial decision should be made based solely on this information without further investigation.

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

End of Year Financial Review: 60 Lorimer Street Yarra’s Edge

December 3, 2009 § 1 Comment

Yarra’s Edge – Tower 2

60 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 – 60 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 2, the second tower of this striking development, is comprised of 147 apartments, with gym and recreational facilities as well as retail.

60 Lorimer Street, Docklands

Top Sale in Financial Year 09: 1701/60 Lorimer Street $655,000

Bottom Sale in Financial Year 09: 1108/60 Lorimer Street $330,000

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 60: $472,479

Sales for 2009:

1702/60 Lorimer Street $575,000 – Two bedrooms

401/60 Lorimer Street $450,000 – One bedroom

2007/60 Lorimer Street $531,500 – Two bedrooms

1107/60 Lorimer Street $481,000 – Two bedrooms

606/60 Lorimer Street $430,000 – One bedroom

1908/60 Lorimer Street $382,500 – One bedroom

708/60 Lorimer Street $345,000 – One bedroom

1102/60 Lorimer Street $510,000 – Two bedrooms

203/60 Lorimer Street $406,000 – One bedroom

1804/60 Lorimer Street $552,500 – Two bedrooms

1506/60 Lorimer Street $430,000 – One bedroom

1701/60 Lorimer Street $635,000 – Two bedrooms

1601/60 Lorimer Street $655,000 – Two bedrooms

906/60 Lorimer Street $415,000 – One bedroom

1108/60 Lorimer Street $330,000 – One bedroom

Rentals for 2009

1404/60 Lorimer Street $550 pw – Two bedrooms

1205/60 Lorimer Street $520 pw – One bedroom

1008/60 Lorimer Street $390 pw – One bedroom

808/60 Lorimer Street $400 pw – One bedroom

1203/60 Lorimer Street $500 pw – Two bedrooms

203/60 Lorimer Street $495 pw – One bedroom

1508/60 Lorimer Street $390 pw – One bedroom

807/60 Lorimer Street $450 pw – Two bedrooms

603/60 Lorimer Street $500 pw – Two bedrooms

1503/60 Lorimer Street $535 pw – Two bedrooms

1103/60 Lorimer Street $520 pw – Two bedrooms

1802/60 Lorimer Street $540 pw – Two bedrooms

1104/60 Lorimer Street $660 pw – Two bedrooms

1205/60 Lorimer Street $520 pw – One bedroom

902/60 Lorimer Street $460 pw – Two bedrooms

1106/60 Lorimer Street $370 pw – One bedroom

808/60 Lorimer Street $390 pw – One bedroom

403/60 Lorimer Street undisclosed – 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:

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 60 Lorimer 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, make sure to check out http://en.wikipedia.org/wiki/Docklands,_Victoria

Year of Build: 2003

Developer: Mirvac

Website for Yarra’s Edge

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. 60 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

e) cheryle@jcstreetrealestate.com.au

End of Year Financial Review: Yarra’s Edge 50 Lorimer Street

November 12, 2009 § 1 Comment

yarrasedge2

Yarra’s Edge – Tower 1 50 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 – 50 Lorimer Street.

Yarra’s Edge is linked to Harbour Esplanade, Etihad Stadium 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. It consists of 175 apartments across 31 levels, with gym and recreational facilities as well as retail.

50 Lorimer Street, Docklands

Top Sale in Financial Year 09: 3002/50 Lorimer Street $2,150,000

Bottom Sale in Financial Year 09: 2507/50 Lorimer Street $435,000

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:

1607/50 Lorimer St 1 bedroom $450,000

1901/50 Lorimer St 3 bedroom $1,150,000

2507/50 Lorimer St 1 bedroom $435,000

2002/50 Lorimer St 3 bedroom $820,000

1306/50 Lorimer St 2 bedroom $550,000

1606/50 Lorimer St 2 bedroom $536,000

2608/50 Lorimer St 2 bedroom $695,000

1308/50 Lorimer St 2 bedroom $650,000

2005/50 Lorimer St 2 bedroom $620,000

3002/50 Lorimer St 3 bedroom $2,150,000

2107/50 Lorimer St 1 bedroom $440,000

2705/50 Lorimer St 2 bedroom $630,000

707/50 Lorimer St 1 bedroom $508,000

Rentals for 2009

1301/50 Lorimer Street $950 pw – Three bedrooms

1103/50 Lorimer Street $600 pw – Two bedrooms

1407/50 Lorimer Street $400 pw – One Bedroom

802/50 Lorimer Street $635 pw – Three bedrooms

1102/50 Lorimer Street $785 pw – Three bedrooms

2507/50 Lorimer Street $520 pw – One bedroom

1102/50 Lorimer Street $950 pw – Three bedrooms

705/50 Lorimer Street $600 pw – Two bedrooms

2807/50 Lorimer Street $400 pw – One bedroom

2606/50 Lorimer Street $480 pw – Two bedrooms

806/50 Lorimer Street $480 pw – Two bedrooms

2506/50 Lorimer Street $480 pw – Two bedrooms

1705/50 Lorimer Street $570 pw  – Two bedrooms

2703/50 Lorimer Street $600 pw – Two bedrooms

802/50 Lorimer Street undisclosed – Three bedrooms

1105/50 Lorimer Street $520 pw – Two bedrooms

2106/50 Lorimer Street $465 pw – Two bedrooms

707/50 Lorimer Street $420 pw – One bedroom

1603/50 Lorimer Street $600 pw – Two bedrooms

2008/50 Lorimer Street $550 pw – Two bedrooms

901/50 Lorimer Street $590 pw – Two bedrooms

3102/50 Lorimer Street $950 pw – Three bedrooms

2502/50 Lorimer Street $800 pw – Two bedrooms

2802/50 Lorimer Street $800 pw – Three 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 50 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 175

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. 50 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:

MHC_0093_72dpiCheryle Street

Director

m) 9600 4988 

e) cheryle@jcstreetrealestate.com.au

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