I live on this street and rumors are that was not a genuine bid but rather one of the tradies from the development next door. Vendor wants $1.8 and has been quoting this price since before they were built. That property is still on the market. Richmond Hill is more exclusive than Hull St, but given Hull Sts proximity to Bridge Rd it's considered a good part of Richmond. IMHO, if that was a genuine bid, vendor would have accepted by now cause a few months have gone by and it's still for sale.
What do you expect for $2m+?
- Thread starter Aaron_C
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I live on this street and rumors are that was not a genuine bid but rather one of the tradies from the development next door. Vendor wants $1.8 and has been quoting this price since before they were built. That property is still on the market. Richmond Hill is more exclusive than Hull St, but given Hull Sts proximity to Bridge Rd it's considered a good part of Richmond. IMHO, if that was a genuine bid, vendor would have accepted by now cause a few months have gone by and it's still for sale.
I used to manage two of the townhouses at 8 waltham place for the developer they were 6 meters wide and four stories from memory sold around 1.2 -1.5 mil 6 years ago 280 m2 average. The one at the end with the view back to the CBD went for more. Yeild in the 2 mil price point is rarely attractive $1200 - $1400 pw unfurnished is realistic. Two comparible developments to Richmond hill are in East Melbourne one would be the Becton development on the cnr of vale st and berry st 1.8 mil to 2.4 mil 2 years ago in a better market and the land sold in berry st around the corner. The width of these blocks 4.8 meters approx and the quality was a problem for this particular development. 5.7 inches sorry meters might be just enough to pull the 2 mil mark if you know how to use it. $2500m2 is light on, $3000m2 to $3500 is more realistic for the quality recommended by previous posts. Don't allow any pc sums in the build contract, use a quantity surveyor, not an architect to manage costs. Go hard don't die wondering.
http://www.realestate.com.au/property-house-vic-east+melbourne-108376991
This is one of the townhouses I mentioned on the corner of Vale and Berry st and is back on the market. Well worth a look. This project is well regarded even among the blue bloods in East Melbourne. However the demographics of a potential 2-mil purchaser on the other side of punt rd are quite different and you will be able to have slightly more contemporary finishes to appeal to a younger market. Having said this don't let your architect have free rain, to many hard modern contemporary surfaces and you will shrink the pool of potential purchasers dramatically. Not many 30 - 40 year olds who are more likely to like this minimalist feel have 2 mil to spend. Neutral colours also help to not alginate any potential customers. Many architects don’t get this and want to build what appeals to them and will build their own image on your dollar.
This is one of the townhouses I mentioned on the corner of Vale and Berry st and is back on the market. Well worth a look. This project is well regarded even among the blue bloods in East Melbourne. However the demographics of a potential 2-mil purchaser on the other side of punt rd are quite different and you will be able to have slightly more contemporary finishes to appeal to a younger market. Having said this don't let your architect have free rain, to many hard modern contemporary surfaces and you will shrink the pool of potential purchasers dramatically. Not many 30 - 40 year olds who are more likely to like this minimalist feel have 2 mil to spend. Neutral colours also help to not alginate any potential customers. Many architects don’t get this and want to build what appeals to them and will build their own image on your dollar.
Easy to forget basics...
I'd want a laundry large enough to leave an ironing board unfolded all the time... or at least a built-in fold-out ironing board.
If living areas are on higher floors I would be keen on garbage and/or laundry chutes.
If I had a gym on premises I could justify spending a bit more, even if shared with others.
I would want to be able to claim to be green on some grounds... however spurious.
Something 'bespoke' would be cool - for example a water feature even if not by a 'name' artist, although a 'name' artist would be better.
I would want something to be a conversation starter, eg the cupboards are made from the recycled beams of XYZ famous structure/an old Thai bridge/whatever.
If I were buying off the plan, I would like to specify surfaces... no matter how rich I was I wouldn't want marble because I would damage it.
I'd want a laundry large enough to leave an ironing board unfolded all the time... or at least a built-in fold-out ironing board.
If living areas are on higher floors I would be keen on garbage and/or laundry chutes.
If I had a gym on premises I could justify spending a bit more, even if shared with others.
I would want to be able to claim to be green on some grounds... however spurious.
Something 'bespoke' would be cool - for example a water feature even if not by a 'name' artist, although a 'name' artist would be better.
I would want something to be a conversation starter, eg the cupboards are made from the recycled beams of XYZ famous structure/an old Thai bridge/whatever.
If I were buying off the plan, I would like to specify surfaces... no matter how rich I was I wouldn't want marble because I would damage it.
this is a bit of an old thread, so I'm not sure, but I think you are the first one to mention green.
green is the new black. make sure you have some sort of green claim, even the better if it can be perceived to save money. solar for common area usage? solar to each place?
All the houses will have solar panels, double glazing etc in order to comply with the 6-star energy ratings that are now mandatory for new developments.
hi aaron,
i have recently completed construction of 2 homes in perth, 2 km out of CBD. priced at $1.15m so not in the 2m bracket but i have been in the "treasury residences" in east melb and the finish is pretty similar (perth inner market is a lot cheaper than melb and sydney IMO)
i did use a really good interior designer who ive used before and specialises in working for developers so has his eye on the $$ at all times.
http://www.realestate.com.au/property-house-wa-perth-108454986
it has only been on the market for a few days and the first official viewing is on wed but we did have a potential buyer through last week who loved it
i have recently completed construction of 2 homes in perth, 2 km out of CBD. priced at $1.15m so not in the 2m bracket but i have been in the "treasury residences" in east melb and the finish is pretty similar (perth inner market is a lot cheaper than melb and sydney IMO)
i did use a really good interior designer who ive used before and specialises in working for developers so has his eye on the $$ at all times.
http://www.realestate.com.au/property-house-wa-perth-108454986
it has only been on the market for a few days and the first official viewing is on wed but we did have a potential buyer through last week who loved it
An old thread, but I'll throw my 2 cents worth in.
Contact NBNco in regards to what is required to be NBN ready. Also a comms cabinet at the location of the lead in cable with 2 cat 6 cables and the tv coax to each room.
www.nbnco.com.au/getting-connected/new-developments/new-developments-process.html
Also, have cat 6 and standard phone lines run into each appartment incase the current gov isn't around and we end up with fibre to the node, not fibre to the premesis.
Video intercom (and possibly security cameras) to be integrated into the TV system, as well as a monitor near the door. Although analogue is getting phased out all current gen TV's still have an analogue tuner..
Contact NBNco in regards to what is required to be NBN ready. Also a comms cabinet at the location of the lead in cable with 2 cat 6 cables and the tv coax to each room.
www.nbnco.com.au/getting-connected/new-developments/new-developments-process.html
Also, have cat 6 and standard phone lines run into each appartment incase the current gov isn't around and we end up with fibre to the node, not fibre to the premesis.
Video intercom (and possibly security cameras) to be integrated into the TV system, as well as a monitor near the door. Although analogue is getting phased out all current gen TV's still have an analogue tuner..
*I like the idea of focusing on a large main bedroom, ideally with walk in robes and of course ensuite is mandatory in 2mill plus.
*Excellent natural light/high ceilings(like what so many people look for in all levels of property).
*A media room and/or wine cellar is almost expected these days.
*Being in Richmond, seperate bicycle storage for a few bikes(lockup with easy access). Bike riding is becoming huge and richmond is a pretty good spot for it onto the yarra paths.
*Excellent natural light/high ceilings(like what so many people look for in all levels of property).
*A media room and/or wine cellar is almost expected these days.
*Being in Richmond, seperate bicycle storage for a few bikes(lockup with easy access). Bike riding is becoming huge and richmond is a pretty good spot for it onto the yarra paths.
one minor detail that often gets overlooked is to recess the floor slab according to the type of floor finish so you dont get steps when going from say carpet to tile.
For me, its the little details that people dont even notice that make a place feel luxurious.
For me, its the little details that people dont even notice that make a place feel luxurious.
On the topic of surfaces, it seems to me that expensive homes never have flat floors/walls/ceilings. Not sure if it's just for aesthetics or if it's practical, but it seems there's always a step up or down between living areas, ceilings with fancy recesses, internal courtyards or light wells, walls with spotlit recesses for artwork or vases or some such. No plane surfaces. And fancy curtain pelmets. And extendable industrial-style kitchen spray taps. And laundry chutes.
I'm not sure if you'd call it split level, but I mean like this:
http://images.domain.com.au/img/2012128/205/2009478475_1_FS.JPG?mod=120312-022023
http://images.domain.com.au/img/2011111/205/2009334108_3_FS.JPG?mod=120313-121555
http://images.domain.com.au/img/20111028/17451/2009328316_1_FS.JPG?mod=120305-111902
And as for the ceilings, this is a great example:
http://images.domain.com.au/img/201193/205/2009210036_4_FS.JPG?mod=120319-021336
And walls always seem to have fireplaces, bookshelves, nooks, etc. built into them.
Maybe it's all in my head, but rich people don't seem to like plane surfaces, unless it's polished cement, or a double height glass wall. They also seem to like split level lawns with box hedges and sandstone/limestone pavers. But then, maybe I'm out of touch. I broke my dirty habit of going to expensive open houses and gawking at other people's homes about 4 years ago
*edit: not that there's anything wrong with going to open houses to perve on how the other half live!
http://images.domain.com.au/img/2012128/205/2009478475_1_FS.JPG?mod=120312-022023
http://images.domain.com.au/img/2011111/205/2009334108_3_FS.JPG?mod=120313-121555
http://images.domain.com.au/img/20111028/17451/2009328316_1_FS.JPG?mod=120305-111902
And as for the ceilings, this is a great example:
http://images.domain.com.au/img/201193/205/2009210036_4_FS.JPG?mod=120319-021336
And walls always seem to have fireplaces, bookshelves, nooks, etc. built into them.
Maybe it's all in my head, but rich people don't seem to like plane surfaces, unless it's polished cement, or a double height glass wall. They also seem to like split level lawns with box hedges and sandstone/limestone pavers. But then, maybe I'm out of touch. I broke my dirty habit of going to expensive open houses and gawking at other people's homes about 4 years ago
*edit: not that there's anything wrong with going to open houses to perve on how the other half live!
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The designs seem to give it "character" and make it look more "busy" to project a perception that a lot of design/materials/effort has gone in to it.
If I was paying top dollar I'd want carvings - ideally real hand carvings dating back 200 years - around my lights and around the ceilings too.
If I was paying top dollar I'd want carvings - ideally real hand carvings dating back 200 years - around my lights and around the ceilings too.
I thought the budget was 2m not 20
Folks bought theirs for $150k with 200 year hand carvings.
