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Oasis St Kilda Financial Review

June 23, 2010

Inkerman Oasis – 33 Inkerman Street, St Kilda

Barry Feldman presents an annual rundown on all the activity essential for Oasis owners to know. This will be updated for you and emailed out in a link every quarter.

Inkerman Oasis blends stylish urban design with a natural botanical landscape. Right in the heart of trendy St. Kilda, Oasis has 236 modern residential apartments of varying configurations set on three acres, half of which is lush, native landscaped garden.

Renowned architects Williams Boag were chosen for their innovative, creative design skills to redevelop and reclaim the Municipal Depot site into a place the whole community would be proud of.

From the passive solar architectural design to the grey water-recycling program, 240 underground car spaces, on-site convenience store and digital, broadband cabling networks.

The Inkerman Oasis development is way ahead of its time in incorporating a range of passive and active sustainable development features, integrated social and private housing and integrated art.

It encompasses 3,5 & 7 Greeves Street as well as 8 Blanche Street. It is very close to public transport, local amenities and great shopping strips including Acland Street. Oasis is a quick walk to the beach and St Kilda Foreshore.

It has a reputation of green credentials. You can see the initial Oasis brief here

Oasis has also been the subject of some controversy in relation to Henry Kaye. All charges were dropped by ASIC in 2008.

Fitzroy Street is nearby, and it is a famous Melbourne entertainment precinct with many quality restaurants, bars and a great nightlife. Click here to find out more about what you’ll discover on Fitzroy Street.

Inkerman Oasis Rentals for Past Year:

205/7 Greeves Street 1 bedroom $430 per week

401/7 Greeves Street 1 bedroom $385 per week

209/7 Greeves Street 1 bedroom $410 per week

409/7 Greeves Street 1 bedroom $420 per week

402/7 Greeves Street 1 bedroom $380 per week

F101/7 Greeves Street 1 bedroom $380 per week

F506/7 Greeves Street 2 bedroom $480 per week

C113/3 Greeves Street 1 bedroom $375 per week

311/3 Greeves Street 2 bedroom $495 per week

C306/3 Greeves Street 1 bedroom $385 per week

C111/3 Greeves Street 2 bedroom $395 per week

506/3 Greeves Street 3 bedroom $530 per week

209/3 Greeves Street 2 bedroom $380 per week

109/3 Greeves Street 2 bedroom $430 per week

402/3 Greeves Street 2 bedroom $390 per week

505/3 Greeves Street 1 bedroom $390 per week

303/3 Greeves Street 1 bedroom $370 per week

201/3 Greeves Street 2 bedroom $460 per week

309/3 Greeves Street 2 bedroom $390 per week

404/3 Greeves Street 2 bedroom $380 per week

C502/3 Greeves Street 1 bedroom $380 per week

C113/3 Greeves Street 1 bedroom $360 per week

313/3 Greeves Street 1 bedroom $370 per week

207/5 Greeves Street 2 bedroom $420 per week

E104/5 Greeves Street 2 bedroom $420 per week

101/5 Greeves Street 2 bedroom $600 per week

503/5 Greeves Street 3 bedroom $560 per week

403/5 Greeves Street 2 bedroom $490 per week

E103/5 Greeves Street 2 bedroom $600 per week

D204/8 Blanche Street 2 bedroom $460 per week

D301/8 Blanche Street 2 bedroom $450 per week

Sales in 2010:

411/7 Greeves Street – Price Undisclosed

208F/7 Greeves Street – Price Undisclosed

We will be updating sales for the past year shortly.

Body Corporate: Downtown Strata Title Management

Amenities: Oasis has an onsite convenience store, but it is also only a very quick stroll to shops and restaurants on Acland Street. It also has native gardens as part of its body corporate land.

Demographics:  There is a range of both long-term residents and speculative investors at 33 Inkerman. This part of St Kilda is known as a very active ‘social zone’, and as such the tenants and owner-occupiers often enjoy the lively party vibe of the area.

Development Website

Developer: Inkerman Developments

Architects: Williams & Boag

Construction Nearby Underway: Rhapsody, on St Kilda Road by Ubertas  joins its sister building 505 St Kilda Road. There is also a contentious ongoing debate about the re-development of the St Kilda Triangle. Find out more about this topic by clicking here

Forecast for the 2010-2011 Financial Year: We envisage that continuing owner occupier interest and buying power will keep the market buoyant in St Kilda for the second half of 2010. Dependant on bank interest rates, we could experience a flattening of the market in 2010 in the plus $500,000 sector. Oasis offers a unique buying opportunity in an upwardly mobile neighborhood which should cushion it from too many market fluctuations.

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

Barry Feldman p) 9532 8686 or e) bfeldman@stockdaleleggo.com.au

*Stockdale and Leggo Elsternwick has gathered this information to provide an interesting document for readers and subscribers. Information contained herein is gathered from a range of sources including but not limited to; local Victorian press both virtual and hardcopy, Valuer General Information & Agents own investigations. All efforts are made to verify the information provided. The information is not to be relied upon or used in dealings with third parties and people should make their own investigations regarding their own property or personal circumstances. Opinions and observations offered should not be treated as fact.

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