Skip to content

Avoca Avenue – End of Financial Year Review

June 30, 2010

End of Financial Year Review – Avoca Avenue, Elwood

Rosario Pugliese presents an annual rundown on all the activity essential for Avoca Avenue owners to know. This will be updated for you and emailed out in a link every quarter.

Avoca Avenue and Court consists of a well-respected and much loved group of deco apartments, as well as apartments from the 50’s and 60’s. It is a lovely, leafy walk up and down the street, and is super close to local amenities including Mt Scopus Memorial College, local cafes and restaurants.

Avoca Avenue, Elwood

Rentals for Past Year:

3/19 Avoca Avenue $400 per week 2 bedrooms

3/29 Avoca Avenue $395 per week 2 bedrooms

1/1 Avoca Court $285 per week 1 bedroom

7/19 Avoca Avenue $370 per week 2 bedroom

5/8 Avoca Avenue $320 per week 2 bedroom

6/16 Avoca Avenue $350 per week 2 bedroom

2/10 Avoca Avenue $530 per week 2 bedroom

7/3 Avoca Avenue $360 per week 2 bedroom

5/3 Avoca Avenue $280 per week 1 bedroom

4/3 Avoca Court $330 per week 1 bedroom

1/27 Avoca Avenue $375 per week 2 bedroom

7/3 Avoca Avenue $370 per week 2 bedroom

4/4 Avoca Avenue $385 per week 2 bedroom

2/18 Avoca Avenue $320 per week 2 bedroom

1/10 Avoca Avenue $280 per week 1 bedroom

3/4 Avoca Avenue $380 per week 2 bedroom

1/22 Avoca Avenue $360 per week 2 bedroom

1/3 Avoca Avenue $385 per week 2 bedroom

6/3 Avoca Court $365 per week 2 bedroom

5/12 Avoca Avenue $350 per week 2 bedroom

5/27 Avoca Avenue $380 per week 3 bedroom

3/3 Avoca Court $370 per week 2 bedroom

5/3 Avoca Court $340 per week 2 bedroom

7/18 Avoca Avenue $320 per week 2 bedroom

1/29 Avoca Avenue $395 per week 2 bedroom

6/1 Avoca Avenue $295 per week 1 bedroom

4/8 Avoca Avenue $330 per week 2 bedroom

6/2A Avoca Avenue $350 per week 2 bedroom

3/3 Avoca Avenue $345 per week 2 bedroom

3/22 Avoca Avenue $320 per week 2 bedroom

4/16 Avoca Avenue $450 per week 2 bedroom

4/2 Avoca Avenue $400 per week 1 bedroom

3/10 Avoca Avenue $320 per week 1 bedroom

Sales for the Past Year:

6/2A Avoca Avenue $437,500

1/3 Avoca Avenue $468,000

3/3 Avoca Avenue $365,000

9/3 Avoca Avenue $370,000

9 Avoca Avenue $1,050,000

3/19 Avoca Avenue $605000

21 Avoca Avenue $1,300,000

4/22 Avoca Avenue $400,000

This is not an exhaustive list, and we will be updating sales as they are reported from our databases.

Historically Relevant Sites:

3rd St Kilda Scout Group

Address: 26 Avoca Avenue, Elwood

This has been the home of the 3rd St Kilda Scout Group since 1957. Established in 1924, this Jewish scout group held its first meetings in the St Kilda Synagogue. It then moved to three old train carriages in the Montefiore Homes’ grounds before settling in Avoca Avenue. The group became known as ‘Danglow’s Own’ after its years of association with prominent Rabbi Danglow. A cute article can be found on the Jewish Scouts here .

Demographics:  There is a range of both long-term residents and speculative investors along Avoca Avenue.

Construction Nearby Underway: Elwood Green an environmentally sustainable project. There is also a contentious ongoing debate about the re-development of the nearby 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 Elwood 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. Avoca Avenue 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:

Rosario Pugliese p) 9532 8686 or e) rpugliese@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.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: