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PROPERTY REPORT1-12/10-12 IDA STREET, FITZROY NORTH

Level 1, 606 St Kilda Rd, Melbourne VIC 3004T// 03 9883 8900E// [email protected]// www.advantageproperty.com.au

CONTENTS

PG 3. GROUP BLOCKS INTRODUCTION

PG 4. GROUP BLOCKS PROCESS

PG 5. WHAT YOUR CONSULT FEE COVERS

PG 6. SUMMARY AND BLOCK PARTICULARS

PG 7. SITE AND FLOORPLAN

PG 9. WALKSCORE

PG 10. PROPERTY INVESTMENT ANALYSIS

PG 11. DEMOGRAPHIC PROFILE

PG 13. MEDIAN PRICES

PG 14. CAPITAL GROWTH

PG 15. COMPARABLE SALES

PG 25. COMPARABLE RENTALS

PG 31. DUE DILIGENCE CHECKLIST

PG 34. DISCLAIMER

THE “GROUP BLOCKS” SYSTEMAdvantage Property Consulting has developed a successful and popular group block strategy where we source and negotiate the purchase of whole blocks of boutique un-renovated apartments on behalf of a syndicate of investors and homebuyers.

The main benefit of the type of purchase is the ability for clients to join others in purchasing an unrenovated block of apartments and collectively renovating the external areas and individually renovating the internals to add value.

Our Group Blocks Strategy continues to be a resounding success with most of our projects allocated quickly with waiting lists and many clients waiting to benefit from our creative group strategy.

Our group “blocks” renovation strategy has multiple benefits for investors and homebuyers alike. You can leverage from our extensive database of clients and reap the benefits enjoyed by developers without undertaking the whole risk of managing your own development. By providing access to apartments in bulk and co-ordinating subdivisions of title (if on one title), planning and building permits for external renovation works and the execution of external and internal renovation works, you can enjoy the benefits of being a developer without the multi-million dollar price tag usually required.

As we negotiate the purchase of a whole block of apartments for multi-million dollar prices, you only pay for an individual unit at an affordable price whilst enjoying the following benefits;

1. Buying in bulk rather than purchasing individual units, usually resulting in more competitive pricing.2. Add value to the property as all purchasers agree to an external renovation upgrade.3. If applicable, we increase the property’s value by subdividing if the property is on one title.4. By renovating internally and externally, you can often increase rental returns and cash flow.5. Providing clients with tax depreciation and tax deduction benefits on the capital cost of renovations, thus increasing their

cash flow.6. Building equity by adding value with internal and external renovations. 7. Renovations attract better quality tenants, thus increasing rental returns.8. Our allied business partners do all the hard work and co-ordinate everything for you. They include land surveyors for the

subdivision, building designer/architects for planning permits, builders and renovation companies for building permits and internal and external renovations, solicitors, building inspectors, body corporate managers (owner’s corporations) and property managers.

PAGE 3

THE “GROUP BLOCK” PROCESS

PAGE 4

1. PRE-PURCHASE• Building and site inspection• Contract review by solicitor• Feasibility study on price• Initial scope of works outlined for

external rejuvenation

2. NEGOTIATION• Negotiating contract terms

and special conditions• Long settlement negotiated

to allow adequate time for allocation

• Negotiating purchase price either at auction or by private negotiation

3. CONTRACTS• Contracts signed as “and /

or nominee”• Solicitor appointed to

represent all buyers

4. PRE-SETTLEMENT• Registered clients notified

first, then Advantage database followed by internet advertising

• Client inspections arranged• Apartments allocated to

clients upon receipt of deposit and relevant forms signed

5. FINAL INSPECTION / SETTLEMENT• Final inspection arranged

prior to settlement• Advantage will liaise with

solicitors, brokers and clients for settlement

8. ONGOING (INVESTORS)• Property marketed for lease

and ongoing management of property

• Tenant secured

7. REJUVENATION WORKS• Permits lodged if required

and work orders issues for external works

• Individual buyers to lodge permits (if applicable) and co-ordinate internal renovations

• Works completed

6. OWNER’S CORPORATION• Body Corporate Manager

appointed and inaugural meeting arranged

• Purchasers review rejuvenation scope of works prior to meeting

• Inaugural meeting held, scope of works and quotes discussed, voted upon

WHAT YOUR CONSULTING FEE COVERS

• The initial sourcing, negotiating and management of the building purchase

• Conducting a survey of the building and land to see if additional carpark spaces and/or courtyard areas can be applied to individual units either through sub-division or potential licence agreements to add value

• Co-ordinating the setup of all paperwork including individual property report, strata plan (if applicable) and notice of appointments for the individual block

• Payment of initial deposit - of which you will reimburse Advantage Property with your portion upon purchase

• Preparation of documentation for your individual purchase

• Arranging an inspection of your unit/apartment (subject to availability)

• Organising a building inspection report to be conducted for the interior and exterior

• Liaising ongoing with solicitors, the selling agent and current property managers (where applicable) to facilitate settlement

• Communicating with your mortgage broker, providing documentation and assisting with access for a bank valuation (if applicable)

• Overseeing the sub-division process and arranging for any works that might be required in order to meet council requirements (if applicable)

• Co-ordinating a final inspection and notifying all parties involved, dealing with any issues that may arise should an individual unit not be in the same condition it was at the point of purchase

• Keeping you updated on relevant comparable sales

• Conducting research and arranging quotes to provide an initial scope of works for exterior renovations

• Thorough communication and meetings between departments to ensure smooth transitions between the sales departments and Owners Corporation and Property Management (if applicable)

• Set up and preparation for the Owners Corporation Innaugral General Meeting

UNIT PARTICULARS

UNIT CURRENT RENTAL(PER WEEK)

ESTIMATED RENTAL(ONCE RENOVATED - PER WEEK)

BEDROOMS

PRICE (PLUS $13,750 CONSULTING FEE)

NOTES

1 $330 approx. $420Monthly tenancy

2 $442,000• Ground floor• Proposed Courtyard

2 $280 approx. $340In lease until 29/04/16










7 Vacant approx. $400Currently vacant

2 $393,000 • First floor











1-12/10-12 IDA STREET, FITZROY NORTH

BLOCK PARTICULARS

Settlement: 22nd December 2015 Zoning: Residential OneCouncil rates: $850 per annum (approx) Bedrooms: 1-2 Water rates: $630 per annum (approx) Deposit: 5%Owner’s Corporation Fee: $350 - $450 per quarter (approx)

SUMMARY

• Boutique block of twelve 1 and 2 bedroom apartments (priced from $306,000 - $442,000)• Estimated rentals from approximately $320 per week (1 bedroom) and $400 per week (2 bedroom) once

renovated• External renovation and subdivision contribution of $15,000 - $20,000 (approx) plus consulting fee of

$13,750 (inc gst)

All care has been taken in the accuracy of the information contained in this document. Prospective purchasers should make their own investigation to satisfy themselves of this information.

PAGE 6


PAGE 7

1-12/10-12 IDA STREET, FITZROY NORTHSITE AND FLOOR PLAN


PAGE 8

1-12/10-12 IDA STREET, FITZROY NORTHPROPOSED STRATA TITLES WITH CAR PARK AND PROPOSED COURTYARD ALLOCATIONS

THIS PLAN HAS BEEN PREPARED FOR THE PURPOSE OF DISPLAYING THE PROPOSED COURTYARD

ALLOCATIONS TO CLIENTS. IT IS NOT TO SCALE NOR INTENDED AS A SUB-DIVISION PLAN.

UNIT 1: Propsed courtyard area. Carpark on title.






UNIT 7: Carpark on title.






UNIT 1

UNIT 2

UNIT 3

UNIT 4

UNIT 5

UNIT 6 UNIT 7

UNIT 8

UNIT 9

UNIT 10

UNIT 11

UNIT 12

CY U1PROPOSED

IDA STREET

GROUND FLOOR

FIRST FLOOR

CP U1TITLE

CP U2TITLE

CP U3TITLE

CP U4TITLE

CP U5TITLE

CP U6TITLE

CP U7TITLE

CP U8TITLE

CP U9TITLE

CP U10TITLE

CP U11TITLE

CP U12TITLE


WALK SCORE RATING: 79/100 Most errands can be accomplished on foot.

90-100 Walkers Paradise 70-89 Very Walkable 50-69 Somewhat Walkable 25-49 Car-dependant 0-24 Completely car-dependant

1-12/10-12 IDA STREET, FITZROY NORTH

PAGE 9

1-12/10-12 IDA STREET, FITZROY NORTHPROPERTY INVESTMENT ANALYSIS

PAGE 10


Demographic profilefor Fitzroy North

Fitzroy North is located 4 km north-east of the CBD. Bounded by Nicholson Street in the west and the YarraRiver in the east, Fitzroy North is a densely populated suburb in Melbourne's inner north. The suburb isresidential in nature but contains significant commercial centres along Queens Pde and Nicholson St. FitzroyNorth has a high proportion of one and two person households. The suburb also features Edinburgh Gardensand the Kangan Batman TAFE College - North Fitzroy Campus.

SuburbFitzroy North

Local Government AreaYarra

Median Age35

PopulationUnder 15 years 1511

15-65 years 8666

65 years and over 1296

Total 11473

*Based on the latest available data from the Australian Bureau of Statistics, Census 2011

Account - Advantage Property Consulting | P: 03 9883 8900 | F: 03 9883 8901

The information contained herein is to be used as a guide only. Although every care has been takenin the preparation of the information, we stress that particulars herein are for information only and donot constitute representations by the Owners or Agent. Sales data is provided as a guide to marketactivity, and we do not necessarily claim to have acted as the selling agent in these transactions.

1-12/10-12 IDA STREET, FITZROY NORTHDEMOGRAPHIC PROFILE

The information contained herein is to be used as a guide only. Although every care has been taken in the preperation of the information, we stress that particulars herein are for information only and do not constitute representations by the Owners or Agent. Sales data is provided as a guide to market activity, and we do not necessarily claim to have acted as the selling agent in these transactions.

PAGE 11

Demographic profilefor Fitzroy North

Dwelling TypeSeparate house 1165

Semi-detached(row/terrace)

2387

Flat, unit or apartment 1204

Other 26

Total 5261

Rent vs. OwnOwn 1127

Purchasing 1159

Rent government 428

Rent private 1878

Other 58

Median Loan Repayments & IncomeMonthly loan repayment $2,167.00

Weekly rent $369.00

Weekly individual income $838.00

Weekly family income $2,307.00

Weekly household income $1,699.00*Based on the latest available data from the Australian Bureau of Statistics, Census 2011



1-12/10-12 IDA STREET, FITZROY NORTHDEMOGRAPHIC PROFILE

PAGE 12


Median Pricesfor Fitzroy North

MEDIAN PRICE: This provides a measure of the midpoint of house sales, meaning that 50% of sale prices aregreater than the median and 50% are below the median. In general, the median price is preferable to usingaverage sales price, which can be skewed upwards in any time period by a number of expensive property sales.

HOUSE Median Price

UNIT Median Price



1-12/10-12 IDA STREET, FITZROY NORTHMEDIAN PRICES

PAGE 13


533% INCREASE OVER 25 YEARS = 21.3% GROWTH PER ANNUM

$112,000x

1989

Capital Growthfor Fitzroy North

CAPITAL GROWTH: The increase in value of an asset or investment i.e. the difference between the currentvalues and the original purchase price. In other words, selling the property would result in you having morecapital than you had when you originally purchased them.

HOUSE Capital Growth

UNIT Capital Growth



1-12/10-12 IDA STREET, FITZROY NORTHCAPITAL GROWTH PRICES

PAGE 14


1-12/10-12 IDA STREET, FITZROY NORTHCOMPARABLE SALES - 1 BEDROOM

The image(s) and information you are viewing is produced by cross-referencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at its option.

PAGE 15

Advantage Property ConsultingPH: 03 9883 8900

FAX: 03 9883 8901DATES : 29/06/2014 and 30/06/2015

PROPERTY TYPE :SALE TYPE : Auction Sale, Sold Before Auction, Sold After Auction, Private Sale,

Expression of Interest, Sale by Tender, SalePRICE :

STREET NUMBER : 10-12STREET : IDA

STREET TYPE : AnySUBURB : FITZROY NORTH

DATA SOURCE : REI and VG/GovRETURNED : 8

Results

9/68 Bridge St NORTHCOTE 3070PRICE : $355,000 RECORDED :

RESERVE PRICE : WALLS : BrickSALE DATE : 30/05/2015 ROOF :METHOD : Private Sale BEDROOMS : 1

SETTLEMENT DATE : BATHROOMS : 1PROPERTY TYPE : APARTMENT ROOMS : 2MUNICIPALITY : Darebin CARPARKS : 1

PARISH : STOREYS :MAP REF : BUILD AREA :

BLOCK NUMBER : FRONT DIMENSION :LOT NUMBER : SIDE DIMENSION :

CROWN ALLOTMENT : LAND AREA :PLAN NUM/REF : FURNISHED : No

YEAR BUILT : OWNER OCCUPIED: No

COMMENTS : Located in one Westgarth's finest streets you will find this spacious first floor apartment with everything at your fingertips. An ideal choice forhome owners and investors alike and advantaged by its private corner position which uniquely shares only one wall, this updated apartmentslight filled interior will be easy to like and provides ample storage. Separate neat timber kitchen with meals area, large living space, doublebedroom with built in robes, ensuite bathroom with the comfort of your own bath tub including laundry facilities and easy off street car space.In a tree lined street and only a short walk from everything Westgarth has to offer including shops, cafes, eateries, transport facilities andparklands, this is one apartment not to be missed.

7/132 Clarke St NORTHCOTE 3070PRICE : $425,000 RECORDED :

RESERVE PRICE : WALLS : BrickSALE DATE : 02/05/2015 ROOF :METHOD : Auction Sale BEDROOMS : 1






COMMENTS : A highly-regarded Ruckers Hill location reveals a rare opening with city views and Westgarth's attractions at the doorstep of this immediatelyimpressive apartment. Peacefully nestled to the rear of a quiet block, step inside and discover a true inner-city retreat that's stylishly renovatedand positively glowing with natural light throughout its large proportioned interior. This first-floor, solid brick home is the perfect package forinvestors and owner-occupiers seeking a low-upkeep option for instant living with effortless access to High Street cafes, shopping, cinema,parklands, trams and Merri station. A secure entrance opens to spacious north-facing living/meals room, one double bedroom withbuilt-in-robes, excellent kitchen with new Bosch appliances, updated bathroom, polished parquetry floor, gas heating, high ceilings andsuperb outlooks. Also offers car space on title.


PAGE 16


4/119 Rushall Cr FITZROY NORTH 3068PRICE : $413,500 RECORDED :

RESERVE PRICE : WALLS :SALE DATE : 18/04/2015 ROOF :METHOD : Auction Sale BEDROOMS : 1

SETTLEMENT DATE : BATHROOMS : 1PROPERTY TYPE : FLAT/UNIT/APARTMENT (RES) ROOMS : 2MUNICIPALITY : Yarra CARPARKS : 1

PARISH : STOREYS :MAP REF : 2C H 1 BUILD AREA :




COMMENTS : Beautifully presented and boasting an excellent location is this ground floor refurbished apartment. Featuring a generous floorplan with loadsof natural light, timber floors, modern cooking appliances and the benefit of being situated in a boutique block. A choice of transport optionsat your doorstep with Rushall train station nearby, loads of shops, great parklands and all the amenities that make Fitzroy North a desirableinner city locale. An inspection will impress first homeowners and investors.* Large bedroom with access to private courtyard* Convenientground floor access* Kitchen with modern appliances* Off-street car parking* Polished floor boards* Peaceful apartment near rear of block*Solid Brick

2/256-258 Glenlyon Rd FITZROY NORTH 3068PRICE : $420,000 RECORDED :

RESERVE PRICE : WALLS :SALE DATE : 26/02/2015 ROOF :METHOD : Private Sale BEDROOMS : 1

SETTLEMENT DATE : BATHROOMS : 1PROPERTY TYPE : UNIT ROOMS : 2MUNICIPALITY : Moreland CARPARKS : 1

PARISH : STOREYS :MAP REF : 30 A 8 BUILD AREA :




COMMENTS : Compact and chic, this contemporary apartment located in the sought-after Fitzroy North postcode is a winner. Offering all amenities andcomforts, together with lowmaintenance requirements, your perfect city-living lifestyle has just been guaranteed. Enjoy a light-filled livingarea with adjoining balcony and study nook for just enough privacy. The open kitchen/meals area features Blanco appliances assuring qualityas well as impeccable design. A sizeable bedroom with built-in-robes also hosts a large window for more natural light features, while a EuroLaundry is discreetly tucked away in an impressively sized bathroom with contemporary finishes. Additional features include heating, coolingand a car space for this buzzing property located so close to tram stops, cafes/bars/restaurants and the CBD.Agent - hockingstuart

4/184 Barkly St FITZROY NORTH 3068PRICE : $337,000 RECORDED :

RESERVE PRICE : WALLS :SALE DATE : 13/12/2014 ROOF :METHOD : Sold After Auction BEDROOMS : 1

SETTLEMENT DATE : BATHROOMS : 1PROPERTY TYPE : APARTMENT ROOMS : 3MUNICIPALITY : Yarra CARPARKS : 1





COMMENTS : This light-filled refurbished first floor apartment in a fantastic Fitzroy North location is an absolute must see for any first home buyer orinvestor. Located just moments from North Fitzroy Village, Piedimonte's, Brunswick cafes, Merri Creek and Edinburgh Gardens, plus a stroll totrams heading straight into the city, it is hard to go past the lifestyle and convenience this one bedroom apartment has to offer. Offering lotsof natural light, it comprises neat kitchen and living area, great sized bedroom with ensuite bathroom (including laundry facilities) and carspace with fantastic ROW access. Set in a secure, quiet and tightly held apartment block of only nine apartments, in a sought after tree-linedstreet, this is an opportunity not to be missed! Can be purchased either vacant possession or with an ongoing tenancy. Agent: NelsonAlexander Pty Ltd.


PAGE 17


4/119 Rushall Cr FITZROY NORTH 3068PRICE : $413,500 RECORDED :

RESERVE PRICE : WALLS :SALE DATE : 18/04/2015 ROOF :METHOD : Auction Sale BEDROOMS : 1

SETTLEMENT DATE : BATHROOMS : 1PROPERTY TYPE : FLAT/UNIT/APARTMENT (RES) ROOMS : 2MUNICIPALITY : Yarra CARPARKS : 1

PARISH : STOREYS :MAP REF : 2C H 1 BUILD AREA :




COMMENTS : Beautifully presented and boasting an excellent location is this ground floor refurbished apartment. Featuring a generous floorplan with loadsof natural light, timber floors, modern cooking appliances and the benefit of being situated in a boutique block. A choice of transport optionsat your doorstep with Rushall train station nearby, loads of shops, great parklands and all the amenities that make Fitzroy North a desirableinner city locale. An inspection will impress first homeowners and investors.* Large bedroom with access to private courtyard* Convenientground floor access* Kitchen with modern appliances* Off-street car parking* Polished floor boards* Peaceful apartment near rear of block*Solid Brick

2/256-258 Glenlyon Rd FITZROY NORTH 3068PRICE : $420,000 RECORDED :


SETTLEMENT DATE : BATHROOMS : 1PROPERTY TYPE : UNIT ROOMS : 2MUNICIPALITY : Moreland CARPARKS : 1





COMMENTS : Compact and chic, this contemporary apartment located in the sought-after Fitzroy North postcode is a winner. Offering all amenities andcomforts, together with lowmaintenance requirements, your perfect city-living lifestyle has just been guaranteed. Enjoy a light-filled livingarea with adjoining balcony and study nook for just enough privacy. The open kitchen/meals area features Blanco appliances assuring qualityas well as impeccable design. A sizeable bedroom with built-in-robes also hosts a large window for more natural light features, while a EuroLaundry is discreetly tucked away in an impressively sized bathroom with contemporary finishes. Additional features include heating, coolingand a car space for this buzzing property located so close to tram stops, cafes/bars/restaurants and the CBD.Agent - hockingstuart


RESERVE PRICE : WALLS :SALE DATE : 13/12/2014 ROOF :METHOD : Sold After Auction BEDROOMS : 1






COMMENTS : This light-filled refurbished first floor apartment in a fantastic Fitzroy North location is an absolute must see for any first home buyer orinvestor. Located just moments from North Fitzroy Village, Piedimonte's, Brunswick cafes, Merri Creek and Edinburgh Gardens, plus a stroll totrams heading straight into the city, it is hard to go past the lifestyle and convenience this one bedroom apartment has to offer. Offering lotsof natural light, it comprises neat kitchen and living area, great sized bedroom with ensuite bathroom (including laundry facilities) and carspace with fantastic ROW access. Set in a secure, quiet and tightly held apartment block of only nine apartments, in a sought after tree-linedstreet, this is an opportunity not to be missed! Can be purchased either vacant possession or with an ongoing tenancy. Agent: NelsonAlexander Pty Ltd.

310/26-38 Merri Pde NORTHCOTE 3070PRICE : $425,000 RECORDED :


SETTLEMENT DATE : BATHROOMS : 1PROPERTY TYPE : UNIT ROOMS : 2MUNICIPALITY : Darebin CARPARKS : 1

PARISH : STOREYS :MAP REF : BUILD AREA : 56




COMMENTS : "MERRI MERRI" - NORTHCOTEThis is your opportunity to purchase a brand new 1 bedroom unit/apartment in the latest of developments in theheart of Northcote.Unit 310 is situated on the top floor and features:-Open plan kitchen with stone bench tops, stainless steel Europeanappliances including gast cooktop and dishwasher.2-way bathroom/ensuiteEuro laundryTimber flooring in living areas, carpet in thebedroom, tiles in wet areasAir conditioned living spacesBalconyMerri Merri complex is situated just off the High Street shopping strip withcafes, shops and restaurants, plus train and tram all 2 minutes away. This is your opportunity to live close to everything at a very economicalcost.*Forget the banks! Motivated seller willing to sell this fabulous apartment under vendor finance terms! $20k deposit, 6% interest rate for 3years, extendable to another 3 years based on payment performance. Interest only loan, with opportunity to pay off lump sum payments onprincipal.Take advantage now for this great opportunity. Enquire today to find out more or to arrange an inspection.

8/2D Cunningham St NORTHCOTE 3070PRICE : $366,000 RECORDED :


SETTLEMENT DATE : 13/10/2014 BATHROOMS : 1PROPERTY TYPE : APARTMENT ROOMS : 2MUNICIPALITY : Darebin CARPARKS : 1





COMMENTS : Bright and fabulous one bedroom apartment situated in quiet locale, yet desirably close to buzzing Westgarth and High Streets.Enjoy anenviable lifestyle as you stroll to iconic Westgarth Theatre, dine at the fine eateries of High Street, or hop on a train or tram into town!The lightfilled, first floor apartment boasts large windows and is freshly decorated in contemporary neutral tones.Upon entry, be greeted by a largeliving room beside the open kitchen with space for meals.The generous double bedroom is fitted with robes and large ensuite, includingbath.One of just eight in the exclusive “Westgarth Mews” apartments, with off street parking and a location to die for, urban living has neverbeen finer!


RESERVE PRICE : WALLS :SALE DATE : 12/07/2014 ROOF :METHOD : Sale BEDROOMS : 1

SETTLEMENT DATE : 10/09/2014 BATHROOMS :PROPERTY TYPE : STRATA UNIT/FLAT ROOMS :MUNICIPALITY : Darebin CARPARKS :

PARISH : Jika Jika STOREYS :MAP REF : 30 E 10 BUILD AREA :

BLOCK NUMBER : FRONT DIMENSION :LOT NUMBER : 17, 8 SIDE DIMENSION :

CROWN ALLOTMENT : LAND AREA :PLAN NUM/REF : RP002718, RP002718 FURNISHED :

YEAR BUILT : OWNER OCCUPIED: Yes

COMMENTS :

The image(s) and information you are viewing is produced by cross-referencing images and data supplied by third parties. We give no warranty that the image,information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limitedto the re-supply of the image and information or the cost of the re-supply, at our option.



310/26-38 Merri Pde NORTHCOTE 3070PRICE : $425,000 RECORDED :


SETTLEMENT DATE : BATHROOMS : 1PROPERTY TYPE : UNIT ROOMS : 2MUNICIPALITY : Darebin CARPARKS : 1

PARISH : STOREYS :MAP REF : BUILD AREA : 56




COMMENTS : "MERRI MERRI" - NORTHCOTEThis is your opportunity to purchase a brand new 1 bedroom unit/apartment in the latest of developments in theheart of Northcote.Unit 310 is situated on the top floor and features:-Open plan kitchen with stone bench tops, stainless steel Europeanappliances including gast cooktop and dishwasher.2-way bathroom/ensuiteEuro laundryTimber flooring in living areas, carpet in thebedroom, tiles in wet areasAir conditioned living spacesBalconyMerri Merri complex is situated just off the High Street shopping strip withcafes, shops and restaurants, plus train and tram all 2 minutes away. This is your opportunity to live close to everything at a very economicalcost.*Forget the banks! Motivated seller willing to sell this fabulous apartment under vendor finance terms! $20k deposit, 6% interest rate for 3years, extendable to another 3 years based on payment performance. Interest only loan, with opportunity to pay off lump sum payments onprincipal.Take advantage now for this great opportunity. Enquire today to find out more or to arrange an inspection.

8/2D Cunningham St NORTHCOTE 3070PRICE : $366,000 RECORDED :







COMMENTS : Bright and fabulous one bedroom apartment situated in quiet locale, yet desirably close to buzzing Westgarth and High Streets.Enjoy anenviable lifestyle as you stroll to iconic Westgarth Theatre, dine at the fine eateries of High Street, or hop on a train or tram into town!The lightfilled, first floor apartment boasts large windows and is freshly decorated in contemporary neutral tones.Upon entry, be greeted by a largeliving room beside the open kitchen with space for meals.The generous double bedroom is fitted with robes and large ensuite, includingbath.One of just eight in the exclusive “Westgarth Mews” apartments, with off street parking and a location to die for, urban living has neverbeen finer!






CROWN ALLOTMENT : LAND AREA :PLAN NUM/REF : RP002718, RP002718 FURNISHED :


COMMENTS :



1-12/10-12 IDA STREET, FITZROY NORTHCOMPARABLE SALES - 2 BEDROOMS


FAX: 03 9883 8901DATES : 29/06/2014 and 30/06/2015




STREET TYPE : StreetSUBURB : FITZROY NORTH


Results

10/170 High St NORTHCOTE 3070PRICE : $535,000 RECORDED :

RESERVE PRICE : WALLS : BrickSALE DATE : 17/06/2015 ROOF :METHOD : Sold Before Auction BEDROOMS : 2






COMMENTS : Beautifully renovated, this upper level, oversized two bedroom apartment delivers a classy city fringe lifestyle. Within a leisurely stroll tocharismatic Westgarth Village and parklands, it enjoys great natural light and a quiet rear position. A modern open design features a generousliving, meals and kitchen space with a leafy outlook. Cleverly designed, the high-end kitchen displays Bosch induction cook top, under benchelectric oven and dishwasher, while a stone top island with crisp white cabinetry successfully defines the zones. Private accommodation isprovided by two bedrooms separated by a pristine new bathroom with bath and laundry facilities. The spacious main boasts built-in-robesand enjoys elevated views. Extras include split-system, quality bamboo floors, heated towel rail and car space. Within metres to trams, trainsand close to the CBD.Photo ID Required



SETTLEMENT DATE : BATHROOMS : 1PROPERTY TYPE : APARTMENT ROOMS :MUNICIPALITY : Darebin CARPARKS : 1





COMMENTS : A perfect city-edge starter or blue-chip investment, this pristine apartment offers an instantly enjoyable lifestyle of comfort, space andNorthcote convenience. Complete with off-street parking space (entry via Bayview Street), the apartment's light and bright interior comprisestwo double bedrooms (both with built-in robes) and central bathroom, updated kitchen/meals and spacious lounge leading out to thebalcony with elevated outlook. Additional features include parquetry floors, gas cooking and internal laundry facilities. Ready to move in - orrent out - it's perfectly positioned walking distance to Westgarth Station, High Street trams, shops, cafes and restaurants.



22/9-19 Miller St FITZROY NORTH 3068PRICE : $530,500 RECORDED :







COMMENTS : Take in all the tranquillity of the lush and leafy landscaped garden that lies outside of this secluded rear apartment - when not indulging in allthe treats on offer in nearby Nicholson Street cafes and shops! Long-held and for very good reason, you get the best of both worlds with thiswonderful ground-floor home that's securely and serenely located in the coveted 'Miller Park' complex. Towering ceilings and huge windowsprovide a fabulous sense of space and light in this modern single-level home offering a beautifully balanced inner-city option for first-homebuyers and investors. Features two double bedrooms with built-in-robes, spacious open-plan living and dining, fully-appointed kitchen,immaculate bathroom/laundry, Nobo panel heating, dual entrance, security intercom and remote-control covered car space on title.








COMMENTS : Set amongst established garden surrounds in an highly regarded development, this spacious top floor apartment offers a secure and privatehome close to Nicholson St and St Georges Rd transport, cafes and Merri Creek. This apartment offers a large open plan living/dining area, wellpresented kitchen, central bathroom, laundry, separate toilet, two sizeable bedrooms with built in robes and two balconies. The propertyfeatures heating, split system air-conditioning, dishwasher, secure car space and security entrance. Ideally situated close to Nicholson Streettrams, cafes, shops, local parks, Nicholson Street Village and Fitzroy North Village.

5/7 Bayview St WESTGARTH 3070PRICE : $560,000 RECORDED :



PARISH : Jika Jika STOREYS :MAP REF : 30 F 10 BUILD AREA :

BLOCK NUMBER : FRONT DIMENSION :LOT NUMBER : 5 SIDE DIMENSION :

CROWN ALLOTMENT : LAND AREA :PLAN NUM/REF : LP075041 FURNISHED :


COMMENTS :



16/20 Westgarth St NORTHCOTE 3070PRICE : $607,000 RECORDED :

RESERVE PRICE : WALLS : BrickSALE DATE : 09/02/2015 ROOF :METHOD : Sold Before Auction BEDROOMS : 2






COMMENTS : Wish you were in Westgarth Why wait when you can have it all with this stunning apartment boasting the best position of a boutique block.Fully secure with alarm system, video intercom, lift access and basement parking; peace of mind comes with a stylish contemporary interiorand entertainers' balcony with seasonal city views from your prized rear, top floor sanctuary. A wonderful Westgarth lifestyle is at the doorstep- cinema, cafes, shopping, parkland, trails, trams and train station! Features 2 double bedrooms with BIRs, light-filled living and dining area,brilliant Blanco stone kitchen, smart bathroom, large laundry, polished hardwood floorboards and reverse-cycle heating and cooling.



FAX: 03 9883 8901DATES : 30/06/2014 and 30/11/2014






Results


RESERVE PRICE : WALLS :SALE DATE : 22/11/2014 ROOF :

METHOD : Sale BEDROOMS : 2SETTLEMENT DATE : 22/01/2015 BATHROOMS :

PROPERTY TYPE : STRATA UNIT/FLAT ROOMS :MUNICIPALITY : Darebin CARPARKS :



CROWN ALLOTMENT : LAND AREA :PLAN NUM/REF : SP021064 FURNISHED :


COMMENTS :







CROWN ALLOTMENT : LAND AREA :PLAN NUM/REF : SP024101, SP024101 FURNISHED :


COMMENTS :




FAX: 03 9883 8901DATES : 30/06/2014 and 30/11/2014






Results







CROWN ALLOTMENT : LAND AREA :PLAN NUM/REF : SP021064 FURNISHED :


COMMENTS :







CROWN ALLOTMENT : LAND AREA :PLAN NUM/REF : SP024101, SP024101 FURNISHED :


COMMENTS :



METHOD : Auction Sale BEDROOMS : 2SETTLEMENT DATE : BATHROOMS : 1

PROPERTY TYPE : APARTMENT ROOMS : 3MUNICIPALITY : Yarra CARPARKS : 1





COMMENTS : This light-filled apartment overlooking extensive landscaped gardens offers secure and private living close to Nicholson St and St Georges Rdtransport, fine cafes and Merri Creek. Incorporating an al fresco entertaining area and rear terrace with stunning views to Ruckers Hill and theDandenongs, this captivating property includes a sunny living/dining room, well-fitted kitchen with De Longhi range and tiled splashbacks, 2double bedrooms (BIRs) opening to terrace, smart refitted tiled bathroom/laundry and separate WC. Included are covered parking,split-system a/c and intercom entry.Agent - hockingstuart

5/136 St Georges Rd NORTHCOTE 3070PRICE : $477,500 RECORDED :

RESERVE PRICE : WALLS : BrickSALE DATE : 20/09/2014 ROOF :

METHOD : Auction Sale BEDROOMS : 2SETTLEMENT DATE : 05/12/2014 BATHROOMS : 1

PROPERTY TYPE : APARTMENT ROOMS : 4MUNICIPALITY : Darebin CARPARKS : 1





COMMENTS : Quietly tucked away at the rear of the block, this older style ground floor apartment has much to offer. Generous accommodation comprisesentry hall, large lounge with delightful outlook to the expansive north facing courtyard and separate kitchen with meals area and amplestorage. Two good sized bedrooms, with built in robes, have excellent natural light, plus bathroom/laundry and designated off street parking.Perfect for first home buyers, investors or those looking to downsize. The location could hardly be bettered - it's close to High Street shops,parks, local primary & secondary schools and public transport. Don't miss it!




PROPERTY TYPE : APARTMENT ROOMS : 3MUNICIPALITY : Moreland CARPARKS : 1





COMMENTS : Set amongst peaceful garden surrounds in an established and highly regarded boutique development, this stunning top floor apartmentoffers a brilliant mix of versatility, privacy and convenience. This very spacious apartment offers a large open plan living/dining area, wellpresented kitchen, central bathroom, laundry, separate toilet, two sizeable bedrooms with built in robes and two balconies.The propertyfeatures central heating, split system air-conditioning, dishwasher, timber floors, secure car space on title and security entrance. Ideallysituated close to Nicholson Street trams, cafes, shops, local parks, Nicholson Street Village and Fitzroy North Village.











COMMENTS : One of the best around, this first-floor apartment is sure to stand out from the crowd with its spacious design, terrific features and sought-afterRuckers Hill position. Well-presented throughout, the apartment's generous interior comprises two double bedrooms (both with robes) andcentral bathroom, separate kitchen/meals area and big loungeroom leading out to the front balcony. As well as internal laundry facilities, gasheating and security shutters all-round, the apartment also includes an undercover parking space and secure storage room on title. Privateand secure, it also enjoys easy access to Merri Station, High Street trams, cafes and shops. What an opportunity!




PROPERTY TYPE : FLAT ROOMS : 3MUNICIPALITY : Moreland CARPARKS : 1





COMMENTS : Quiet, leafy and close to the CBD, this ground floor apartment is a rare opportunity to enter the Fitzroy North market. Just 5km to theMelbourne CBD, this property offers a rare mix of quiet and stylish living with ready access to Fitzroy North Village, public transport and thecafes and colour of Brunswick Street. Ticking all the boxes, this property would suit an owner-occupier or investor. It is ready to live in andenjoy or lease out, with room to improve and make your own. North facing and light, the apartment comprises 2 spacious bedrooms withBIRs, bathroom with bath and laundry nook, kitchen with plenty of bench and storage space, and an open plan living area with dining zone.Other features include: car park, intercom access, attractive Quartz carpet hard flooring, freshly painted interior and newly carpeted bedrooms.Warm in winter and cool in summer, the apartment is solid, quiet, private and in a two-storey well-kept building surrounded by recentlylandscaped gardens and grounds. Located in a leafy cul-de-sac near Merri Creek, the apartment is minutes from:â� ¢ 112 West Preston to StKilda tram â� ¢ Rushall and Merri train stations â� ¢ Nicholson Street shops, cafes, shops and tramâ� ¢ Capital City and Yarra Trail bikepathsâ� ¢ Fitzroy North Village shops and cafesâ� ¢ Edinburgh Gardens, Merri Creek Reserve & CERES Environment Parkâ� ¢ Westgarth cafes,shops and cinema â� ¢ playgrounds parks and schools.










COMMENTS : One of the best around, this first-floor apartment is sure to stand out from the crowd with its spacious design, terrific features and sought-afterRuckers Hill position. Well-presented throughout, the apartment's generous interior comprises two double bedrooms (both with robes) andcentral bathroom, separate kitchen/meals area and big loungeroom leading out to the front balcony. As well as internal laundry facilities, gasheating and security shutters all-round, the apartment also includes an undercover parking space and secure storage room on title. Privateand secure, it also enjoys easy access to Merri Station, High Street trams, cafes and shops. What an opportunity!




PROPERTY TYPE : FLAT ROOMS : 3MUNICIPALITY : Moreland CARPARKS : 1





COMMENTS : Quiet, leafy and close to the CBD, this ground floor apartment is a rare opportunity to enter the Fitzroy North market. Just 5km to theMelbourne CBD, this property offers a rare mix of quiet and stylish living with ready access to Fitzroy North Village, public transport and thecafes and colour of Brunswick Street. Ticking all the boxes, this property would suit an owner-occupier or investor. It is ready to live in andenjoy or lease out, with room to improve and make your own. North facing and light, the apartment comprises 2 spacious bedrooms withBIRs, bathroom with bath and laundry nook, kitchen with plenty of bench and storage space, and an open plan living area with dining zone.Other features include: car park, intercom access, attractive Quartz carpet hard flooring, freshly painted interior and newly carpeted bedrooms.Warm in winter and cool in summer, the apartment is solid, quiet, private and in a two-storey well-kept building surrounded by recentlylandscaped gardens and grounds. Located in a leafy cul-de-sac near Merri Creek, the apartment is minutes from:â� ¢ 112 West Preston to StKilda tram â� ¢ Rushall and Merri train stations â� ¢ Nicholson Street shops, cafes, shops and tramâ� ¢ Capital City and Yarra Trail bikepathsâ� ¢ Fitzroy North Village shops and cafesâ� ¢ Edinburgh Gardens, Merri Creek Reserve & CERES Environment Parkâ� ¢ Westgarth cafes,shops and cinema â� ¢ playgrounds parks and schools.



1-12/10-12 IDA STREET, FITZROY NORTHCOMPARABLE RENTALS - 1 BEDROOM


FAX: 03 9883 8901DATES : 01/07/2014 and 01/07/2015

PROPERTY TYPE : Flat/Unit/Apartment (Res)METHOD :

RENT :STREET NUMBER : (ANY)

STREET : (ANY)STREET TYPE : (ANY)

SUBURB : FITZROY NORTHDATA SOURCE : REI

RETURNED : 8

Results

9/33 Rae St FITZROY NORTH 3068RENT : $290 pw RECORDED :

BOND : $1,260 WALLS :LEASED DATE : 23/06/2015 ROOF :

METHOD : Leased BEDROOMS : 1SETTLEMENT DATE : BATHROOMS : 1





YEAR BUILT :

COMMENTS : This fabulous studio apartment located in the ideal central of Fitzroy North for the busy lifestyle. Comprising of; open plan living withKitchen/meals area, fridge, heating and separate bathroom, spacious bedroom area, on site under cover car parking is available as is acommunal laundry. Enjoy being in the middle of it all but be quick as this one will not last!

4/236 Queens Pde FITZROY NORTH 3068RENT : $270 pw RECORDED :



PROPERTY TYPE : APARTMENT ROOMS :MUNICIPALITY : Moreland CARPARKS : 1




YEAR BUILT :

COMMENTS : ***Application Pending***A short stroll up the road to the Queens Parade Shops, Cafes, Restaurants & Schools or down the road to FitzroyBaths, Smith and Brunswick Streets shops! Can't be bothered walking A tram stop out the door makes life easier! This one bedroom groundfloor apartment has been decorated in neutral tones includes a good sized freshly painted lounge room with hall storage , tiled bathroom withshower over bath, a well proportioned kitchen with more than enough space for a small dining suite, and a good sized carpeted bedroomwith walk in robe .Inspection is a must as this one won't last long.***Would you like to Inspect this property***To select your preferredinspection time or register to be notified of an inspection time as soon as one is available click the button “EMAIL AGENT” and enter yourdetails.Alternatively, visit the property advertisement on www.jelliscraig.com.au and click “BOOK INSPECTION”.



2/10-12 Ida St FITZROY NORTH 3068RENT : $285 pw RECORDED :



PROPERTY TYPE : UNIT ROOMS :MUNICIPALITY : Moreland CARPARKS : 1




YEAR BUILT :

COMMENTS : Excellent ground floor, one bedroom apartment in handy location featuring built in robe, kitchen/meals area with gas appliances adjoiningbright and roomy living, central bathroom including laundry facilities and off street parking for one car. Walk to transport on St Georges Rd ortake a stroll along the Merri Creek Bike track almost at your doorstep.

9/272 Barkly St FITZROY NORTH 3068RENT : $290 pw RECORDED :







YEAR BUILT :

COMMENTS : Recently renovated one bedroom apartment comprising, modern kitchen with stainless steel appliances, gas cook top and electric oven,lounge room with electric panel heater, good sized bedroom with built in wardrobes and bathroom . Extras include roller shutters, alarmsystem and carport parking for 1 car. Located within walking distance to public transport, shops, schools & cafes, just moments from parklandand easy access to the CBD. This one is not to be missed!Inspection times are subject to change. We recommend that you check our websitehttp://www.chambersre.com.au/renting/rental-inspections.php on the inspection day.

8/77 Clauscen St FITZROY NORTH 3068RENT : $270 pw RECORDED :



PROPERTY TYPE : UNIT ROOMS : 2MUNICIPALITY : Yarra CARPARKS : 1

PARISH : STOREYS :MAP REF : 30 B 10 BUILD AREA :



YEAR BUILT :

COMMENTS : 'Move Right in and Enjoy'Located in a sought after location, this first floor one bedroom apartment . Features double bedroom withbuilt-in-robes, spacious lounge off kitchen with electric appliances and meals area, fully tiled bathroom with shower over bath and laundryfacilities. Off street parking for one car provided or just leave your car at home and take advantage of the nearby public transport. Close toMerri Creek bike track, Nicholson Street and Scotchmer Street shops and cafes.



7/118 Holden St FITZROY NORTH 3068RENT : $290 pw RECORDED :







YEAR BUILT :

COMMENTS : Spacious one bedroom apartment located in a highly sought after pocket of North Fitzroy. Comprising large lounge / dining room, separatekitchen, bathroom with shower over bath, bedroom with built in robes and off street parking for one car. Perfectly positioned with a bus stopat your door step, short walk to 2 tram lines, parks and the local North Fitzroy shopping precinct. Inspect today!

2/744 Brunswick Street Nth FITZROY NORTH 3068RENT : $285 pw RECORDED :







YEAR BUILT :

COMMENTS : Perfectly positioned only minutes to St Georges Rd and Nicholson St cafes & restaurants, public transport and Edinburgh Gardens, this onebedroom apartment is situated without doubt in a great location. Comprising a spacious bedroom with built in robes, living area, separatekitchen and bathroom with laundry facilities. Other features include electric panel heating and off street parking for one vehicle.

11/8 Bennett St FITZROY NORTH 3068RENT : $295 pw RECORDED :



PROPERTY TYPE : UNIT ROOMS :MUNICIPALITY : Moreland CARPARKS : 1




YEAR BUILT :

COMMENTS : This cute, cosy, conveniently located first floor studio apartment will delight. Light and bright and freshly painted throughout, the kitchen andlounge room are combined. The double bedroom has ensuite and built in robes.Communal laundry and off street parking for one car makethis property an ideal home for a student or maybe, a city pad for country folk!



1-12/10-12 IDA STREET, FITZROY NORTHCOMPARABLE RENTALS - 2 BEDROOMS


FAX: 03 9883 8901DATES : 01/07/2014 and 01/07/2015

PROPERTY TYPE : Flat/Unit/Apartment (Res)METHOD :

RENT :STREET NUMBER : (ANY)

STREET : (ANY)STREET TYPE : (ANY)

SUBURB : FITZROY NORTHDATA SOURCE : REI

RETURNED : 6

Results








YEAR BUILT :

COMMENTS : With Merri Creek and bushland views, this inviting apartment has a country-like setting - in a quiet cul-de-sac, but is situated within walkingdistance from St Georges Road tram and cafes. This spacious, second floor two bedroom apartment comprises:- entrance hall, lounge/diningroom, separate eat-in kitchen with gas stove, two double bedrooms, both with built-in robes, bathroom with laundry facilities, balcony.Undercover parking for one car.

11/12 Brennand St FITZROY NORTH 3068RENT : $350 pw RECORDED :



PROPERTY TYPE : UNIT ROOMS : 3MUNICIPALITY : Moreland CARPARKS : 1

PARISH : STOREYS :MAP REF : 30 E 12 BUILD AREA :



YEAR BUILT :

COMMENTS : Refurbished throughout, this first floor two bedroom apartment wont be around too long Set in a convenient location, it comprises of built inrobes in both bedrooms, central bathroom plus ensuite off one bedroom, light and bright lounge with heating and balcony, separatekitchen/meals with gas appliances and laundry facilities available. Also includes off street parking, walking distance to Queens Parade or HighSt transport or easy access to freeway.



2/94 May St FITZROY NORTH 3068RENT : $360 pw RECORDED :







YEAR BUILT :

COMMENTS : To be freshly painted throughout and brand new carpets installed, this low maintenance 2 bedroom home is cosy and comfortable. Boastingsecurity system and doors, open plan lounge with timber floorboards and split system, good sized kitchen with abundance of cupboards, bothbedrooms with built in robes, bathroom with shower over bath, toilet and laundry facilities, secure courtyard with gas hot water system andsingle car space. Close to Merri Creek Trail, local schools, St Georges Road and trams, short distance from Merri & Northcote trainstations.Proudly presented by Assisi Real Estate - Photo ID required at all inspections. PLEASE CHECK OPEN FOR INSPECTION TIMES - Propertiesare subject to change without notification (Please call office to confirm)








YEAR BUILT :

COMMENTS : Positioned within walking distances to St Georges Rd tram and cafes enjoy the perks this location has on offer. Situated on the upper levelsthis large 2 bedroom apartment each with built in robes comprises of separate kitchen, lounge with balcony overlooking Merri Creek,bathroom with bath and laundry facilities, separate W.C. IF YOU ARE INTERESTED IN VIEWING THIS PROPERTY, KINDLY EMAIL OUR OFFICE ANDWE WILL NOTIFY YOU OF THE NEXT AVAILABLE INSPECTION TIME.

8/315 St. Georges Rd FITZROY NORTH 3068RENT : $320 pw RECORDED :







YEAR BUILT :

COMMENTS : Spacious renovated second floor apartmentwith the tram at your door step.offering two good size bedrooms, built in robesopen plan loungemodern kitchen dining, bathroompolished timber floorboards and one car space Please visitwww.carltonrealestatepl.com.auor call (03) 94861722 for more information



4/1 Taylor St FITZROY NORTH 3068RENT : $360 pw RECORDED :







YEAR BUILT :

COMMENTS : This bright, updated 2 bedroom apartment is located on the first floor of a small block of only six. Situated close to Nicholson Street, trams andthe city, the apartment offers everything you could ask for living on the fringe of the city.- modern renovated kitchen- white bathroom withshower recess- spacious lounge room- large main bedroom with BIRs- 2nd bedroom - laundry facilities in the bathroomAll this complete withoff-street parking and easy access to public transport!


2/94 May St FITZROY NORTH 3068RENT : $360 pw RECORDED :







YEAR BUILT :

COMMENTS : To be freshly painted throughout and brand new carpets installed, this low maintenance 2 bedroom home is cosy and comfortable. Boastingsecurity system and doors, open plan lounge with timber floorboards and split system, good sized kitchen with abundance of cupboards, bothbedrooms with built in robes, bathroom with shower over bath, toilet and laundry facilities, secure courtyard with gas hot water system andsingle car space. Close to Merri Creek Trail, local schools, St Georges Road and trams, short distance from Merri & Northcote trainstations.Proudly presented by Assisi Real Estate - Photo ID required at all inspections. PLEASE CHECK OPEN FOR INSPECTION TIMES - Propertiesare subject to change without notification (Please call office to confirm)








YEAR BUILT :

COMMENTS : Positioned within walking distances to St Georges Rd tram and cafes enjoy the perks this location has on offer. Situated on the upper levelsthis large 2 bedroom apartment each with built in robes comprises of separate kitchen, lounge with balcony overlooking Merri Creek,bathroom with bath and laundry facilities, separate W.C. IF YOU ARE INTERESTED IN VIEWING THIS PROPERTY, KINDLY EMAIL OUR OFFICE ANDWE WILL NOTIFY YOU OF THE NEXT AVAILABLE INSPECTION TIME.

8/315 St. Georges Rd FITZROY NORTH 3068RENT : $320 pw RECORDED :







YEAR BUILT :

COMMENTS : Spacious renovated second floor apartmentwith the tram at your door step.offering two good size bedrooms, built in robesopen plan loungemodern kitchen dining, bathroompolished timber floorboards and one car space Please visitwww.carltonrealestatepl.com.auor call (03) 94861722 for more information

consumer.vic.gov.au/duediligencechecklist Page 1 of 3

Due Diligence checklist What you need to know before buying a residential property Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them. You can find links to organisations and web pages that can help you learn more, by visiting consumer.vic.gov.au/duediligencechecklist.

Urban living Moving to the inner city?

High density areas are attractive for their entertainment and service areas, but these activities create increased traffic as well as noise and odours from businesses and people. Familiarising yourself with the character of the area will give you a balanced understanding of what to expect.

Is the property subject to an owners corporation?

If the property is part of a subdivision with common property such as driveways or grounds, it may be subject to an owners corporation. You may be required to pay fees and follow rules that restrict what you can do on your property, such as a ban on pet ownership.

Growth areas Are you moving to a growth area?

You should investigate whether you will be required to pay a growth areas infrastructure contribution.

Flood and fire risk Does this property experience flooding or bushfire?

Properties are sometimes subject to the risk of fire and flooding due to their location. You should properly investigate these risks and consider their implications for land management, buildings and insurance premiums.

Rural properties Moving to the country?

If you are looking at property in a rural zone, consider:

Is the surrounding land use compatible with your lifestyle expectations? Farming can create noise or odour that may be at odds with your expectations of a rural lifestyle.

Are you considering removing native vegetation? There are regulations which affect your ability to remove native vegetation on private property.

Do you understand your obligations to manage weeds and pest animals?

Can you build new dwellings? Does the property adjoin crown land, have a

water frontage, contain a disused government road, or are there any crown licences associated with the land?

Is there any earth resource activity such as mining in the area?

You may wish to find out more about exploration, mining and quarrying activity on or near the property and consider the issue of petroleum, geothermal and greenhouse gas sequestration permits, leases and licences, extractive industry authorisations and mineral licences.

Soil and groundwater contamination Has previous land use affected the soil or groundwater?


You should consider whether past activities, including the use of adjacent land, may have caused contamination at the site and whether this may prevent you from doing certain things to or on the land in the future.

Land boundaries Do you know the exact boundary of the property?

You should compare the measurements shown on the title document with actual fences and buildings on the property, to make sure the boundaries match. If you have concerns about this, you can speak to your lawyer or conveyancer, or commission a site survey to establish property boundaries.

Planning controls Can you change how the property is used, or the buildings on it?

All land is subject to a planning scheme, run by the local council. How the property is zoned and any overlays that may apply, will determine how the land can be used. This may restrict such things as whether you can build on vacant land or how you can alter or develop the land and its buildings over time.

The local council can give you advice about the planning scheme, as well as details of any other restrictions that may apply, such as design guidelines or bushfire safety design. There may also be restrictions – known as encumbrances – on the property’s title, which prevent you from developing the property. You can find out about encumbrances by looking at the section 32 statement.

Are there any proposed or granted planning permits?

The local council can advise you if there are any proposed or issued planning permits for any properties close by. Significant developments in your area may change the local ‘character’ (predominant style of the area) and may increase noise or traffic near the property.

Safety Is the building safe to live in?

Building laws are in place to ensure building safety. Professional building inspections can help you assess the property for electrical safety, possible illegal building work, adequate pool or spa fencing and the presence of asbestos, termites, or other potential hazards.

Building permits Have any buildings or retaining walls on the property been altered, or do you plan to alter them?

There are laws and regulations about how buildings and retaining walls are constructed, which you may wish to investigate to ensure any completed or proposed building work is approved. The local council may be able to give you information about any building permits issued for recent building works done to the property, and what you must do to plan new work. You can also commission a private building surveyor’s assessment.

Are any recent building or renovation works covered by insurance?

Ask the vendor if there is any owner-builder insurance or builder’s warranty to cover defects in the work done to the property.

Utilities and essential services Does the property have working connections for water, sewerage, electricity, gas, telephone and internet?

Unconnected services may not be available, or may incur a fee to connect. You may also need to choose from a range of suppliers for these services. This may be particularly important in rural areas where some services are not available.


Buyers’ rights Do you know your rights when buying a property?

The contract of sale and section 32 statement contain important information about the property, so you should request to see these and read them thoroughly. Many people engage a lawyer or conveyancer to help them understand the contracts and ensure the sale goes through correctly. If you intend to hire a professional, you should consider speaking to them before you commit to the sale. There are also important rules about the way private sales and auctions are conducted. These may include a cooling-off period and specific rights associated with ‘off the plan’ sales. The important thing to remember is that, as the buyer, you have rights.

DISCLAIMER

This document has been prepared in conjunction with a proposed offer to purchase in our “Group Blocks” strategy. The overall strategy for our “Group Blocks” purchases is to enable our clients to increase the value of their property by making improvements to the exterior of the overall block. A scope of works will be created and options presented to owners on remedial and rejuvenation works and a preliminary budget established. The budget is based on estimates and the actual costs may vary if there are variations to the original scope of works. The quality of overall improvements will be determined by the budget set by owners and anticipated works constitute a rejuvenation project and not a full renovation of the block.

This document does not purport to contain all the information a purchaser (investor or homebuyer) may require to make an informed decision in respect of this buying strategy. The company does not take into account the individual financial circumstances of any purchaser and does not give financial or investment advice. Accordingly, purchasers should make their own enquiries and obtain professional legal, financial, tax and accounting advice before making a buying decision to purchase within the “Group Block” strategy. Purchasers should also consider any risk factors associated with this type of property purchase.

The information in this document is up to date at the time of preparation, however information can change over time. The company may amend or withdraw this document at any time and may issue a new or amended document from time to time. Any information or representation that is not in this document should not be relied on as having being authorised by the company and no person is authorised to give any information or representations in connection with this strategy, which is not contained in this document.

Other than to the extent required by law, neither the Company or Relevant Persons make any representations or warranties as to the accuracy or completeness of any of the information contained in this document or any other information (whether written or oral) made available to investors.

This document contains assumption, opinions, estimates and forecasts and except to the extent implied by law, no representation on or warranty as to any of the assumptions, opinions, estimates or forecasts, is made by the Company. Such forecasts, opinions and estimates are by their nature subject to significant uncertainties and contingencies. Neither the company nor Relevant Persons guarantee the rate of return on investing in this strategy and the meeting of any investment objective.

Past projects that are provided for your perusal should not be taken as an indicator of the performance of this Project as each property has different circumstances, budgets and renovations.

This document and its contents are confidential and are being supplied to you solely for your information. This document may not be reproduced, disclosed or distributed to any third party or published in whole or in part for any purpose.

Neither the Company, Advantage Property Consulting Pty Ltd nor their respective affiliates, related bodies, directors, officers, employees, representative or advisors accept any liability for any loss or damage suffered or incurred by a purchaser or any other person however caused (including negligence) in respect of this document (including from any errors or omissions).

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