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115 Swanston St, Capital Building – End of Financial Year Report July 08- Dec 09
505/115           Oct 09  1 Bed   1 Bath  51 Sq   $500 pw
?/115               Aug 09 1 Bed   1 Bath  ?          $400pw fully furnished
Facilities:
Security entrance
Very central CBD location with only a short walk to cafes, shops and restaurants
Demographics: The Manchester Unity Building at 115 Swanston St is one of the most beautiful examples of quality Art Deco architecture in Melbourne and one of the most sort after.  The building has a good mix of owner occupiers and investors. The property is especially well suited for dual occupiers wishing to use the unit as a second home, it is also of interest to people looking to live and work from the city especially young professionals with many of the rentals being offered fully furnished.
115 Swanston St Forecast for the 09-10 Financial Year: Whilst early stagnation in 2009 caused by the GFC saw a reduction in clearance rates we envisage that continuing first home owner interest and buying power will keep the market buoyant in Melbourne.
With interest rates tipped to continue to rise, we could experience a leveling of the general market in 2010 particularly in the pre $500,000 range. Investors have started to make a comeback in 2010 with first home owners lose their puff and buying power.Â
For further information on this, or any other property needs you may have, please contact:
Â
Sarah Witty
Sales Consultant – Harcourts City Residential
Ph: 03 9664 8100Â Â Â Â Â Â Â Â Â Mob: 0433 397 288
Email: sarah.witty@harcourts.com.au   Â
Web: www.cityresidential.harcourts.com.au
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