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The Quarters Newsletter – Autumn/Winter

The Quarters Newsletter


Autumn/Winter 2014

Little Projects realises its vision at Brunswick East
Little Projects has transformed the derelict Tip Top bakery site in Brunswick East into an exciting new lifestyle precinct, reinvigorating the surrounding neigbourhood and adding new appeal to the urban streetscape.

Little Projects conceived the $230-million rejuvenation plans for the site located between Edward and Weston Streets, which was dormant for almost a decade prior.

It’s easy to see why Brunswick East is a desirable place to live – it’s on the doorstep of the city, there are multiple tram lines taking commuters in all directions, schools and universities, hospitals, restaurants, cafes, boutiques and picturesque walking and riding trails nearby.

The development was thoughtfully master planned into six smaller intimate buildings: Stables, Seeds, Silo, Rye, Grain and Malt – all designed by renowned architects RotheLowman.

Each building has a unique vantage point, many with large entertainer’s balconies and views of the city and beyond. Separate street addresses give residents discreet access to their property through beautifully landscaped internal laneways by renowned landscape architects Urbis.

It is also home to The Learning Sanctuary, a 92-place childcare centre located within the Seeds building, with its own separate entry that will service families in the area. Additional businesses will service the community including a new café and two office/retail spaces.

We set out to create a community, so we considered the flow-on impact on the surrounding streets and wanted to create a precinct that adds value to the neighbourhood and that people want to be part of.

We worked closely with RotheLowman to ensure the site’s magnificent heritage was maintained, while creating quality, contemporary living in a unique master planned community.

The timeless design, premium fixtures and fittings, and underground parking have made these generous apartments appealing to many owner occupiers keen to move into this thriving area, and investors who have recognised the strength of this development in this highly desired location.

The team is thrilled to see the vision for this exciting new community come to life, with the majority of apartments already sold.

A select few large 2 bedroom apartments are available within the Seeds Collection. Don’t miss your chance to own at this coveted Brunswick East address.
A leasing campaign is underway by partnering real estate business Little Residential. To register visit livebrunswickeast.com.au

For sales information contact Peter Susman on 03 9810 2035 or visit www.livebrunswickeast.com.au

Little Projects rolls out the welcome mat
Residents and investors get the warmest of welcomes at Little Projects Tip Top Lifestyle Precinct in Brunswick East.

Little Projects has opened a brand new Information & Sales Centre within the Stables building at 183 Weston Street in time for settlements of the first stage of our Tip Top Brunswick East lifestyle development.

As residents in many of our Little Projects ourselves, the Little Projects team know all too well the emotions our customers can experience in the lead up to settlement. It’s one of the many reasons we take such pride in guiding our customers through this experience.

Our new centre serves as the meeting point for welcoming residents and investors throughout the settlement process. We are providing our new residents with the best guides to the local area including some very special rewards from our retail partners and a ‘Little Move in Guide’ to make the process of moving in as easy as possible.

Tip Top Brunswick East is our largest project to date and we wanted to ensure the experience was even better than we have offered previously.

We have some exciting new programs to launch in the coming months for our valued clients and look forward to introducing you to our new developments soon.

Thank you for your ongoing support and commitment to our vision.

Construction update
Tip Top Lifestyle Precinct Brunswick East – Stage 1 Complete

Little Projects’ new Brunswick East lifestyle precinct is set to become one of Melbourne’s premier residential developments.

Little Projects’ has already welcomed many new residents and investors within our first stage of the development.

The striking architecture by award-winning RotheLowman has been delivered to the highest quality by Icon Construction, who commenced the build in September 2012. Each individually crafted building feels right at home in this highly desired neighbourhood.

Icon Constructions continues work on Rye Lofts on Edward, luxury Malt Townhouses and Grain Apartments, on track for completion June / July 2014.
Construction at Central South Yarra is on track for anticipated completion mid-2015.

Hickory Group has achieved some exciting building milestones:
– the lower ground slab has been poured
– carpark floor is poured up to level 3
– the lift ‘jump form’ has been installed and branded in Little Projects for everyone to see. This is where the lift shaft and staircase will later be completed. You will start to see this elevate as each level has its floor slab and core walls constructed. It is currently up to level 7
– services including a rainwater storage tank on the lower ground level, main sewer connection and all in ground plumbing and electrical works have been completed.

Over the coming months, you will be able to see lots of exciting progress happen above the fence as the building takes shape.

To keep you up-to-date with construction progress, regular photos are posted under the Construction section on the Central South Yarra website at www.centralsouthyarra.com.au/construction

An alliance that will take professional property services to a new level
We are excited to announce the partnering of Little Residential and Real Estate Corp (RUN Property) as an emerging force in the Real Estate Industry across Australia.

The combined strengths of the two businesses, along with the advantages of scope and scale will provide immediate and lasting benefits to landlords, tenants, vendors and purchasers of property. Our new company will be at the forefront of the industry as the largest, wholly owned Real Estate business in the country. This will allow us to provide the very best in quality services, customer satisfaction, transparency to our clients and an increased capacity to target the very best professionals in the business to help manage and sell clients properties.

For our clients, the next few months will be very much ‘business as usual’ as we carefully integrate the two businesses into one entity. Our ultimate goal is to lift the combined business to an unprecedented level of professionalism and service in the property industry.

The acquisition gives Little Residential a network of key locations across Australia and creates a unique platform for increased investment in quality people, training, and service innovation – all of which will ultimately deliver the best results for our clients.

We have a continuing commitment to being a trusted partner with a strong reputation for providing professional, timely and sound advice to assist clients in their critical real estate decisions. We are delighted that we are now able to utilise the knowledge and expertise of the Run Property team, who will work together with our team to deliver our clients all the opportunities that will come from our size, scale and dedication to innovation.

A great deal of time and effort will be invested in the coming weeks and months to ensure that we carefully consider our approach to a range of matters that arise as the operations are integrated. Our key considerations in doing this will obviously be to our clients and to ensuring that we take advantage of this opportunity to lift the professionalism of the property industry to a new level.

This is an exciting time in our business and we look forward to showing you the many exciting benefits that this combined business will deliver to clients in the form of outstanding service, professional philosophies, transparent business practices and absolute client satisfaction.

Little tips to minimise your vacancy period
As we slowly transition from the traditionally busy months of leasing into the colder and shorter days of Winter, we remain focussed on maximising our clients returns and minimising any downtime they may experience when leasing.

Some strategies you can employ to secure the best possible tenants for any vacant investment are really quite simple. Here are our Little tips for vacant properties during the winter months:
– Have the power reconnected; both for security and importantly it allows Property Managers to open the home after hours when prospective tenants are mostly available. It also allows us to take better photos and showcase your home in the best light.
– Make sure your heating is working and fully serviced; there is no replacement for a heater turned on when a prospective tenant comes through, especially on a cold wintery day or evening.
– Have your gutters cleaned; it is an opportune time to clean your gutters, there are no tenants to arrange around and will also avoid any overflows during an open home.
– Trim back any trees from footpaths so prospective applicants don’t have to walk through the wet overhanging branches. This may need to be discussed with your Owners Corporation.
– Once you have secured a suitable applicant, consider being flexible with your prospective tenant and offering a slightly unusual lease term to avoid expiration during the same period.

With tax time on the horizon, you may also look at having a depreciation schedule completed whilst the property is vacant.

These few simple items make a huge difference and will help to secure the better applicants as it helps to make their experience so much more enjoyable. Your asset manager will discuss a strategy for maximising your results as soon as we receive notification of your current tenant’s intention to vacate.

To discuss your individual leasing and investment strategy, please speak with your asset manager or call our team on 03 8809 5777.

As the temperature cools down the property market continues to heat up
In great news for home owners, Melbourne’s median house price has topped $600,000 for the first time, according to the Australian Property Monitors March Quarter report.

Andrew Wilson, senior economist at Australian Property Monitors, attributes the figures to six consecutive quarters of Melbourne house price growth.

Strong demand continues for properties between $700,000 to $1,500,000 with large numbers through our open for inspections, and multiple bidders creating strong competition at our auctions. Clearly a sign that cashed up buyers are taking advantage of the lowest interest rates in over 60 years.

We recently auctioned a 3 bedroom home in Carroll Crescent Glen Iris – with multiple bidders, and literally hundreds of bids, the home was sold under the hammer for $866,000 – a whopping $141,000 over the reserve.

And in signs of confidence in the future, we auctioned a 2,000m2 development site in Malvern Road Glen Iris – again, multiple bidders resulted in this site selling for a very impressive $2,600/m2.

Owner occupiers aren’t the only buyers showing continued interest in the market. We are also seeing more and more investors purchasing through their Self-Managed Super Funds.

The good news for people looking to sell in the coming months is that investors don’t rely on seasonality in their purchase decisions. Well-presented apartments showing strong yield have year-round appeal.

If you are considering selling, one of our highly experienced team would be delighted to help.Contact our team on 03 8809 5888.

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