The 7 must-know numbers of the week, starting with Melbourne's oversupply of stock, according to Residex boss John Edwards

The 7 must-know numbers of the week, starting with Melbourne's oversupply of stock, according to Residex boss John Edwards
Cassidy KnowltonDecember 8, 2020

The amount of overhang of stock in Melbourne, the largest stock overhang of any capital in Australia, according to Residex boss John Edwards. “I’m worried about Victoria,” he says.

 


 

The price hopes 1950 and '60s model Margot McKendry has for her Darling Point apartment. It has north-westerly views across Elizabeth Bay towards the city and Harbour Bridge. It cost $900,000 when bought in 1986.

 


The approximate sales price for South Yarra's Albany Hotel, which recently sold. The site had 81 rooms, restaurant and bar, 24 car bays and roof top pool.

 


The number of levels in one of the two towers in the proposed ‘Rozelle Village’ development on the Balmain Leagues club site. The other tower is set to be 25 levels.  The revised proposal, which is double the size of the original plan that was rejected in 2010 because it was considered too big, has prompted outrage from local activists.

 


The price expectations for Palazzo Versace on the Gold Coast. Sunland recently listed the hotel, just months after acquiring it outright following a swap arrangement with Dubai development partner the Enshaa Group.

 


The approximate price paid by retired car dealer Laurie Sutton for Kalua, the Joye family’s plantation-style Palm Beach trophy home. The Joye family had hoped to secure $25 million for the property.

 


The number of applications the Queensland government has received so far for its $10,000 building boost scheme, which will close April 30. The scheme could end with as much as half of the funding set aside for the scheme unclaimed by new home buyers and builders.

 

 

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