The Melbourne Preview May 2012

It’s that time of the year again! page 3

Settlement What happens? page 6

May 2012 Issue 9 REAL ESTATE PARTNERS

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From the directors Spend a little…gain a lot Welcome to edition #9 of our Preview monthly newsletter.

What better time to think of improving your financial future than now? Interest rates are trending down and lenders are offering discounts to attract new customers.

Re-visiting your mortgage can mean savings which in turn can help improve your overall finances. However, it has to be done systematically. If you don’t have the time or the knowledge to undertake the exercise yourself, seek professional help.

HAVING A

Our Cover ???

First, it is important to ascertain if you have the best loan product to suit your individual needs. You may have had the best product when the loan was originally taken out, but with changing personal circumstances as well as the economic trends, there may be another lender and/or product more suited to your needs now.

Our Cover

Then take a good look at your budget. See if there are any expense areas that you can trim. Every dollar saved and put into the mortgage will make a huge difference in the long run.

Circulation 50,000 Publication enquiries: Arthur Proios arthur@eview.com.au 0414 676 641

If you have been comfortably paying the mortgage at the higher interest rate, continue to do so even when the interest rate is reduced. The extra amount you are paying will reduce the loan term and help save on total interest payable.

Also think of other minor adjustments to the repayment.

For instance, if you are paying the mortgage monthly, change it to fortnightly. If your minimum repayment amount is an odd figure, for example $1,862 per month; round it up to $1,900 or if you can afford it to $2,000. The additional repayments will cut many years off the loan term.

We hope you enjoy this edition of Preview and as always, we look forward to assisting you with all your real estate needs.

Colours of Autumn

GARAGE SALE? Go online or contact your friendly Eview Sales representative to register for FREE your upcoming garage sale.

In this issue pg8

Funtime

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Eview property maket statistics

Your Eview representative will give you a call to organise at no cost: POINTER BOARDS with time and address displayed for your garage sale day ELECTRONIC LISTINGS of your forthcoming garage sale on eview.com.au which receives over 12000 visitors every month!

Manos & Maria Findikakis, Arthur Proios and David Politakis – Directors/Licensed Estate Agents

contact us Web: eview.com.au Chelsea Regional Office, Sales & Rentals 436 Nepean Hwy, Chelsea 3196 Phone: 8773 1888 Fax: 9772 0198 Email: chelsea@eview.com.au Frankston Regional Office, Sales & Rentals 463 Nepean Hwy Frankston 3199 Sales Rentals: Phone: 8781 3888 Phone: 8781 3877 Fax: 9781 1547 Fax: 9781 1547 Email: news@eview.com.au Email: rentals@eview.com.au Narre Warren Regional Office (Now open) Building 2, Ground Level 30-32 Verdun Drive, Narre Warren 3805 Phone: 8794 1200 Werribee - Branch Office Suite 11/2-14 Station Place, Werribee 3030 Phone: 9749 8008 Fax: 9749 8002 Rosebud - Branch Office Shop 3, 1451 Point Nepean Road, Rosebud 3939 Phone: 8781 3888 Fax: 9781 1547 Disclaimer: Eview Real Estate Partners nor any companies of the Eview group accept any form of liability, be it contractual, tortious or otherwise, for the contents of this publication or for any consequences arising from its use or any reliance placed upon it. The information, opinions and advice contained within, are of a general nature only and may not relate to or be relevant to your particular circumstances. There are many issues involved with buying and selling real estate so it is important that you get specific advice prior to making any decisions on your next real estate transaction.

All information contained herein is gathered from sources we believe to be reliable.

However we cannot guarantee its accuracty and interested persons should rely on their own enquiries. Should your home be exclusively listed with another agency, please disregard any information contained within regarding the engagement of Eview Real Estate Partners to sell your property.

REAL ESTATE PARTNERS

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May 2012

In the Spotlight Vanessa Miranda This business was born in 2000 alongside the birth of my first daughter. My ambitious nature and eagerness to help has encouraged the rapid growth for this practice. My morals and standards are filtered through to my staff, whom have been carefully chosen to continue the growth in our business, themselves and our clients.

Miranda Professional Services is a proactive and innovative professional services company based in Chelsea Heights, just of the freeway or eastlink. We aim at helping you achieve your goals, minimise your tax expenses, and build a successful lifestyle.

We are focussed on creating long lasting relationships with our clients and recognise the need to deliver personal, timely, quality advice and provide cost effective strategies and solutions to our clients.

Most importantly, our focus is on growing our clients’ profits and their wealth. In an age of increasing financial complexity we have responded to the needs of our clients and now

offer a complete range of accounting, taxation, bookkeeping and business advice.

Our clients extend across a number of industry sectors and we understand the issues that confront micro, small and medium sized businesses. We have the experience and expertise to help business owners in the areas that often make the difference between just surviving and potentially thriving.

However, we are also very aware of the importance of every person. We love to help all types of clients - from a person with only a group certificate - to small and growing businesses - medium size businesses - franchisees and franchisors - to large businesses. We have over 8 accounting staff so are very well equipped to help every person!

I pride myself and my business on our problem solving skills and invite you to contact our office with any queries you may have.

You will find our service approachable and efficient.

professional,

Property news IDEAS TO HELP YOU WHEN YOU’RE BUYING OR SELLING

It’s that time of the year again!

With winter around the corner, it may be wise to do a routine maintenance check on your investment property Winter is about to arrive on the back of extreme wet weather certainly playing havoc in most areas. Whether it is flooding, cyclones, gusty winds or all three, it pays to check that your property can weather the storm, so to speak. Any repairs or damages should be carried out promptly before they become a serious issue or cause danger to your tenants.

Remember that you are responsible for: • Ensuring all repairs and maintenance are carried out in a timely manner; • Cleaning/maintaining gutters and downpipes; • Ensuring all water pipes are functioning and there are no leaks or cracks; • Making sure your property is safe to live in; • Any overhanging branches are removed;

• Checking fences are well maintained and secure. Check with neighbouring property owners if there is a shared fence or boundary as often the repair/ cost is a joint responsibility; • Checking for cracked pavers or floor tiles which could pose a legal issue if a tenant trips and injures themselves; and • Checking the roof tiles are functioning and fixing any loose or broken tiles, broken ridge capping or loose flashing (rotting or water damaged eaves can lead to salt damage and mould issues).

As an added bonus to protect your asset, it may be worth installing an automatic cut-out facility, which prevents power surges and will prevent damage to electrical items.

What’s the best investment – an old or new property?

It can be quite a daunting task to try and evaluate what property to buy when building up your investment portfolio. Do you buy new properties or old properties?

feature home Frankston South

Do you buy a unit or a house? Do you buy in an established area or a new development?

Of course all of the answers to these questions can only be answered by your personal preferences but there are a couple of important things to remember when entering the property market for investment purposes: • Always buy a property that other people would want to move into, in an area that they would want to buy or rent. Of course remember how you present your property determines the type of tenant you will attract. Tenants will be attracted to a property that presents value for money, has security, in a good location, is clean, has good sized bedrooms, low maintenance and offers heating or cooling facilities with off road parking.

• Always do your research beforehand.

Use statistical information to find high growth areas and look for high rental yields in your price range. Identify the

potential returns on your investment and ensure it covers your loan repayments.

• Try and buy in a suburb that is experiencing a growth spurt rather than buying at the peak of the growth.

• Don’t buy a property that needs a lot of upkeep.

• Your investment should be tax effective and provide you with good depreciation costs.

• If you have more than one property in the same area, it may be prudent to have one property manager making the process easier and more streamlined.

Manos Findikakis Director, Licensed Estate Agent

To view our entire range go to eview.com.au Neg Over $890,000

139 Overport Road Huge Family Home, Dual Accommodation This home boasts 4 bedrooms plus study, master with huge parents retreat and walk in robe the size of a small bedroom plus ensuite with spa bath and private balcony. The kitchen is brand new with double oven, dishwasher, 5 burner gas cooktop, glass range hood and Caeser stone bench tops. There are polished floor boards from the entrance through to the family room and kitchen. The lounge has high vaulted ceilings and a cosy wood stove and is carpeted as are the remaining bedrooms. Included is a self-contained unit which can be seperated from the main house and features a full kitchen, lounge, bedroom with ensuite, dining room and laundry. The unit has the potential for rental return, in law accommodation or just extra room for the family. Positioned in exclusive Frankston South, moments from exceptional schools, this beautifully presented 2 storey residence sits on 2/3 acre of private landscaped gardens. Enjoying: •Wide entrance hall with sparkling floor boards •Carpeted formal lounge with wood heater, loads of natural light through the floor to ceiling windows, and high vaulted ceilings giving a feeling of spaciousness •Vast open living, dining and kitchen area with timber polished floor boards and sliding doors opening out to one of the merbau entertaining decks •Updated luxury kitchen with Caesar stone bench tops, glass splash backs, stainless steel quality appliances and easy access to the genuine outdoor wood pizza oven •Self-contained apartment under roof line with full timber kitchen, spacious laundry, good size lounge and bedroom with ensuite (perfect for in laws, guests, teens, adult children or home business) •Exceptionally spacious Master Suite upstairs with large walk in robe, well proportioned ensuite and private balcony overlooking the garden and outdoor entertaining areas 4

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Andrew Melas 0409 920 917

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May 2012

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residential

To view our entire range go to eview.com.au

Frankston

$350,000

Frankston

$290,000 - $310,000

6 Ashleigh Street Opportunity Knocks

8 Chaucer Avenue Perfect Starter

Opportunity knocks for investors, or those wishing to build a single level townhouse within this desirable locale. Plans are for a quality three bedroom, two bathroom, DLUG, home at the rear of the 700 sqm allotment. A planning permit application had been submitted and approved (subject to conditions).

*THIS HOME CAN BE INSPECTED AT ANY TIME* Want great value?... then inspect this brick veneer family home. Ideally positioned close to schools & shopping hubs. Featuring: •Four bedrooms •Central bathroom •Freshly painted & new carpets •Classic kitchen •Gas wall heating & wall a/c •Low maintenance fully fenced back yard.

3

2

Francis Walker 0410 559 454

2

visit: eview.com.au for inspection details

Frankston

$280,000 - $295,000

4

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Arthur Proios 0414 676 641

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visit: eview.com.au for inspection details

Frankston

Offers Over $595,000

6A Farrell Street/Lane “Farrell Lane” - NO BODY CORP

17 Gweno Avenue Position, Position, Position!

Sheltered & extremely private amongst colour filled terraced cottage gardens with lovely shade trees, discover this very cute freestanding secluded weatherboard cottage (NO BODY CORP!!) off a hidden laneway on central Frankston’s outer fringe.

With character timber floors, dado wall panelling, heritage style bathroom.

Real estate is all about location & this property is in one of the finest areas in South Frankston. Nestled in a quite avenue between million dollar properties, this solid brick home is just a few minutes walk to the sandy shores of Frankston beach and sits in the FHSZ. Comprising of 3 bedrooms, 1 bath and 2 toilets, with an open plan lounge.

3

1

David Politakis 0438 779 735

1

visit: eview.com.au for inspection details

Frankston

Offers over $340,000

3

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Stewart Montgomery 0437 090 010

2

visit: eview.com.au for inspection details

Frankston

$370,000 - $410,000

5/102-104 Hillcrest Road Secure Investment

18 Leonard Street Ripper Renovated & Ready To Go!

Looking for a secure investment? No need to look any further. This modern town house is rock solid, currently returning $15,900 p.a & with terrific tenants wanting to remain. Double story and eye catching appeal! Located within a five minute drive to Frankston CBD and an easy walk to Monash University.

Buying your first home, looking for investment or upgrading, this is the perfect home. Situated in a prime Frankston location & renovated throughout, this quality weatherboard home with cupboards galore is beautifully presented & boasts fantastic street appeal. There is nothing left to do but move straight in.

2

1

Arthur Proios 0414 676 641

1

visit: eview.com.au for inspection details

Frankston

By Negotiation

3

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Peter Juraschek 0418 319 080

2

visit: eview.com.au for inspection details

Frankston

Neg over $475,000

17 Mapiti Court Elegance In A Prestigious Court

30 Nursery Avenue Sounds like a plan!

Are you looking for quality? Your search ends here with this impressive four bedroom family home with bay views located in a prime locale within the prestigious Whistlestop Estate. Features include the master bedroom with district views, walk through robes and a great ensuite, two of the other double bedrooms are inclusive of built in robes.

The time is NOW for you to secure a fantastic versatile development opportunity (S.T.C.A) in one of Frankston’s most convenient locations with everything you need just moments away. The block measures approx. 1172m2 with an original existing home ready to tenanted!

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Francis Walker 0410 559 454

4

2

3

visit: eview.com.au for inspection details

Arthur Proios 0414 676 641

residential Frankston

To view our entire range go to eview.com.au $265,000 - $279,000

Frankston

Offers over $550,000

2/25 Olympic Avenue Spacious Stand Alone Unit No Body Corp Fees

5 Tertullian Court Captivating Views, Loveable Location, The Perfect Plan...

Of impressive proportions this well kept solid unit presents more like a home; 1 of only 2 is situated in a quiet street & handy to many local amenities. Offering a low maintenance lifestyle, its perfect for retirees, young couples & or investors. Featuring a large living room with garden vistas, adjoining study/formal dining room.

Brilliantly elevated, this engaging family home has the perfect aspect, providing idyllic city, bay & You Yang views from the flowing open living & decking. Featuring all the comforts, this home will surprise. Sitting on approximately 717sqm of land & situated in a quiet court in the high sought after estate of Lakewood.

2

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David Politakis 0438 779 735

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visit: eview.com.au for inspection details

Frankston

Offers invited over $345,000

5

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George Findikakis 0418 397 268

2

visit: eview.com.au for inspection details

Frankston North

Offers invited over $230,000

98 Warrawee Circuit Make Your Move Now

37 Aleppo Crescent Investors Take Note!

This light and bright BV home has attractive street appeal, and is positioned in a great locale in within the ever popular Whistlestop estate. It has all the trimmings for astute first home buyers & investors, with 3 bedrooms, master with full ensuite, all built in robes. There is an attractive kitchen and spacious dining/second living area.

Located in a popular locale of Frankston North is this spacious 3 bedroom home.

Housing a long standing, quality and proven tenant paying $255 p/w, this property presents investors with approx 5.5-6% RENTAL YIELD! Within walking distance to many amenities Including, Schools shops & transport.

3

2

Francis Walker 0410 559 454

2

visit: eview.com.au for inspection details

Frankston North

$289,500

3

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Michael McClure 0403 736 761

3

visit: eview.com.au for inspection details

Frankston South

Offers Over $550,000

8 Ivy Court Take a closer look!

12 Colbert Court Upgrade Your Standard Of Living

Offering a pleasant outlook, this well maintained brick veneer family home is hard to pass by. Set on a manageable allotment of approx 595sqm and in a quiet court location. Within walking distance to local schools, transport and shopping hubs.

A picture of perfection is this large home in the Tahnee Lodge estate. With all the comforts it’s ready for you to move straight in with nothing to do. It comprises of: •4 large bedrooms with BIR & separate study •Master with WIR, parents retreat & full en suite including large spa bath •Formal lounge with open fire place & formal dining

3

1

Arthur Proios 0414 676 641

2

visit: eview.com.au for inspection details

Frankston South

Offers invited $520,000

4

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George Findikakis 0418 397 268

2

visit: eview.com.au for inspection details

Frankston South

$395,000 - $425,000

60 Escarpment Drive Large Modern home on a maintainable allotment

1/153 Kars Street Easy Lifestyle - Walk To Beach - FHSZ

Just on 8 years new, this low maintenance family home with 27 squares (approx) of living is situated on manicured block of 580 sqm (approx) within a quiet well established and exclusive Frankston South locale across the road from community reserves and walking tracks, ideal for the person looking to down size the land but not the home.

This sensational value packed front unit is situated on the high side of the street with own driveway, front yard and a no maintenance fully paved u/c courtyard with cafe blinds, risen garden beds and water fountain in a charming tropical setting and is ideal for downsizing without compromising or a super investment to add to your portfolio.

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visit: eview.com.au for inspection details

Badiha Cook 0438 352 456

3

1

Sandra Bardebes 0414 707 455

2

visit: eview.com.au for inspection details

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Settlement - What Happens?

The settlement process for real estate in Victoria is mainly governed by the General Conditions contained in the standard form of contract. Today we will essentially outline what occurs leading up to settlement and what happens after settlement.

Preparing for Settlement Settlement is what it is all about, where the Purchaser hands over their hard earned money and the Vendor delivers a good title.

Leading up to the settlement is primarily the preparation of the paperwork required to achieve the settlement result. In essence, the following is prepared between the parties: Transfer of Land - This is the transfer document which is prepared by the Purchaser’s Conveyancer and is signed by all parties prior to the settlement. It will be held by the Vendor’s Conveyancer in readiness for settlement.

Supporting Documents - Other essential documents depending on the nature of the property transaction are prepared, such as Notice of Acquisitions, Nominations, Goods Statements etc. These documents are prepared well in advance of the settlement and will be used by such government agencies as the State Revenue Office and Land Titles Office to name a few.

Statement of Adjustments - This is the financial balance sheet for the transaction which addresses three key areas; adjustment of out goings such as council and water rates, a settlement statement which produces the final settlement amount due to the Vendor and finally cheque directions. Settlement is conducted using bank cheques. It is rare to see a settlement occur with cash or EFT, however it is possible if the parties agree beforehand.

Actual Settlement The parties negotiate a time and place for the settlement to occur which in most cases occurs at the Vendor’s bank office as they hold the Certificate of Title. Generally there are four parties who attend the settlement, the Vendor and Purchaser’s Conveyancer and their respective lenders (if applicable).

Generally the settlement process takes 10 - 15 minutes depending on the complexity

of the transaction. The main function at the settlement is to exchange documents and money. The parties will examine the documents which have previously been prepared enabling the new Purchaser to register their name onto the Title. The Vendor’s Conveyancer will then ensure they are receiving the correct amount of money in exchange for the Certificate of Title. Once the parties are satisfied the transaction is settled, telephone calls are made to inform the parties.

Post Settlement Once settlement has been completed the Purchaser’s Lender will take the settlement documents to the State Revenue Office to have stamp duty paid. Once the Transfer of Land document is “stamped� it’s off to the Titles Office where the transfer is completed and the Purchaser is recorded on the Titles Office register as the new owner of the property and a new title is produced.

Summary This is a rather simplistic overview of the settlement process, however it details the essential elements which see how a property is transferred from a Vendor to a Purchaser.

The system is far from perfect and there are many possibilities for errors to occur. There are also many areas for improvement on such an out dated method of transferring real estate between parties. New electronic title systems are being developed, however the major stakeholders being the banks must be on-board for the system to improve.

Eview Conveyancing can assist you with all your property transfer needs. We manage the process from start to settlement and beyond. Call us today on 9781 7555 to find out more.

State Budget provides opportunity for taxation reform buyer spends $550,001 rather than $550,000 on a home, they pay an extra $3,100 in duty. There is no sensible reason for that.

Enzo Raimondo CEO REIV

The REIV has released its State Budget submission for 2012–13, highlighting a need to continue state-based tax reform, assist first home buyers and reduce taxes to promote investment in Victoria.

REIV CEO Enzo Raimondo said that, with stamp duty revenues reducing due to the slowing economy, it was timely to reform the structure and level of property taxes to improve equity, remove double taxation and promote investment.

The current structure of property taxes in Victoria is inefficient and discourages the necessary investment in housing and commercial property.

Residential home buyers are subject to bracket creep when prices rise, leading to an increasingly high level of taxation. This not only results in a higher level of stamp duty for every dollar spent on a home but also discourages people relocating.

An anomaly of the tax system is that investors are subject to higher stamp duty at the same time as the community relies on them to provide the majority of rental homes.

The REIV also applauds the focus on assisting all first home buyers through cuts to stamp duty and encourages the government to continue the program, even extending it if Budget constraints permit.

It is also clear that the policy aim of the Bonus – boosting the construction of new homes – has been met, making it unnecessary to provide additional funding for the program at this time.

Equalising assistance for all first home buyers will provide them the choice about where to live, rather than encouraging them only into new homes.

It is also high time for the levying of stamp duty on GST in nonresidential transactions to cease.

When an office block, warehouse or factory is purchased, the new owner has to pay GST on the purchase itself and then stamp duty not only on the value of the property but the GST component as well.

This anomaly has been in place since the GST was introduced and it is time it was corrected.

Another anomaly is that when a

Choosing the Right Business Structure Tips in accounting with Miranda Accounting Services

Your choice of business structure is a very important decision. Before you start your business you should be mindful of the fact that your business can affect: • The Safety of Your Personal Assets • Your Tax Position • The Continuity of the Business Upon Change of Ownership and • What Registration Process You Will Need to Take Your selection will depend on a number of factors including the type of business you are setting up, if and how many others are involved in the business, how you want profits (or losses) to be shared and who is going to be legally liable for the debts of the business. Other considerations include the anticipated profitability of the business and the relationship, financial and tax positions of all the people involved.

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When evaluating your choice of business Your choice of business structure can be structure you should look to: of critical importance to the success or • Maximise the Protection of your Assets failure of the business. It can be expensive to switch structures and it can also have • Minimise Tax Exposure significant tax implications. • Allow for Admission of New Partners or Before you select a business structure, Investors commence operating and prior to signing any legal contracts it is imperative that you • Comply with all Legal Requirements consult with our office and possibly seek • Take advantage of the Potential Future legal advice. We can discuss your need for Application of the Discount Capital Gains Tax and Small Business CGT Concessions Experience tells us that in most instances, your business structure will be some form of compromise. It may even involve multiple entities in an attempt to balance the objectives of asset protection, income tax, flexibility of income distribution or capital gains tax. You should also be aware that under anti-avoidance provisions of the Income Tax Assessment Act, the Commissioner of Taxation can challenge your business structure where the arrangement was undertaken for the sole or dominant purpose of obtaining a tax benefit. In such case, the relevant tax benefit may be cancelled and penalty tax imposed.

limited liability, explain how your choice of structure will affect the availability of finance and advise whether there is any specific legislation relating to the type of business you intend to operate. We will make sure that adequate planning and consideration is given to your choice of business structure given your individual circumstances.

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Community news To advertise your favourite local Community Group for FREE! Contact news@eview.com.au

Opportunity Shop N E P O P O H S NEW Street Frankston 13 Playne

Come in and grab a bargain Donate your pre-loved goods Volunteer and help us out Help us make a difference in your community Come on in, we’d love to see you.

100% of proceeds stay in the local community.

Family Life is a non-profit community services agency.

Join the PeopleWorx program and get the training, skills, work experience and support you need to get a job.

View our video on YouTube www.YouTube.com and type in ‘PeopleWorx’

Contact us 8599 5433 www.familylife.com.au

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#9 Colour me in for a chance to WIN a

Gift voucher

JUST JOKING AROUND....

Entries Close 31st May 2012

Knock Knock! - Who’s there?

Dewey. - Dewey who?

Dewey have to go to school today?

What happens when a cat eats a lemon?

It becomes a sour puss!

Why is it hard to play cards in the jungle?

There are too many cheetahs!

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Lie on the edge of the bed and you’ll soon drop off!

Name:... ..................................................................Age:.............Phone:........................................

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A walk!

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Re Group Enterprises

P roperty S tylists

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Maximise the return on your home For an obligation FREE assessment on how to present your property for SALE call Kym or visit our website

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Our ‘Property Makeover’ package offers you complete accessorising inside and out for that important inspection.

Our services include: Cleaning, De-clutter of space, Restyle & reinvent rooms using existing furniture and accessories, Garden tidy and restyle, Furniture hire available, Maintenance and repairs. Anything else? Ask us...

Phone:Kym 0418 125 437 Smirnoff I m: 0418 125 437 I p: 5981 0558 www.regroupenterprises.com.au www.regroupenterprises.com.au Page 8

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Whether you’re buying or investing, a Buy-Wise Building & Termite Inspection will inform you of everything you need to know regarding your new property. We pride our selves as being one of the most thorough & comprehensive inspection companies in Melbourne.

We offer a 20% discount if both inspections are carried out at the same time on your property.

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All Buy-Wise Inspectors are registered Building Practitioners & licensed Pest Inspectors with over 25 years experience.

Buy Wise Inspections is fully Insured for your peace of mind.

Termite Detection Equipment we use: •Termite Detection Dogs •Thermal Imaging Camera •Microwave Technology (TermaTrac) •Moisture Detection Equip •Sounding Device

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residential Frankston South

To view our entire range go to eview.com.au Offers over $580,000

Frankston South

Offers Invited Over $930,000

15 Lawson Avenue Rare Opportunity On Offer

9 Merilyn Way Family living in prestigious neighbourhood

What an amazing 5 bedroom home, this rare find in Frankston South is the perfect home offering so much. Immaculately presented sitting on a very generous allotment of 1079 sqm in the Frankston High School. •Generous allotment of 1079 sqm •Slate entry leading to formal lounge and L-Shaped dining room •Open plan kitchen

Surround by high-end real estate 9 Merilyn Way is perfect for the astute buyer looking for a lifestyle family home in a prestigious neighbourhood. Graced with parklike gardens and wonderful peaceful views across the Moorooduc Plains to Western Port Bay, this very private residence offers glorious seclusion with the added benefit of a versatile floor plan.

5

3

Badiha Cook 0438 352 456

2

visit: eview.com.au for inspection details

Frankston South

$890,000 Plus

5

2

Peter Syle 0409 722 505

3

visit: eview.com.au for inspection details

Frankston South

$949,000 - $999,000

15 Merilyn Way Indoor Outdoor Entertaining

139 Overport Road Surprise Package

Welcome to 15 Merilyn Way - positioned in a quiet leafy cul-de-sac in one of the most prestigious pockets of Frankston South, this well maintained residence will easily accommodate the growing family. With a firm focus on indoor/outdoor living the floor plan is versatile and will encourage year round entertaining.

With space for the entire family, including a self-contained apartment, this well proportioned contemporary home is sure to please. Positioned in exclusive Frankston South, moments from exceptional schools, this beautifully presented 2 storey residence sits on 2/3 acre of private landscaped gardens.

5

3

Janice Dunn 0402 285 698

4

visit: eview.com.au for inspection details

Frankston South

$690,000 - $740,000

4

3

Andrew Melas 0409 920 917

6

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Frankston South

$760,000 plus

33 Overport Road Quaint Charming and Cosy

112 Overport Road Ready to move in!

A much loved family home now on offer, sitting on a approx 2699sqm of lush land in a highly desirable locale of Frankston South only mins from Frankston High School, Derinya Primary and recreation facilities. Featuring: •Concrete Circular driveway providing ample parking with side access to the rear yard •Triple carport

Enjoying a generous 2/3 acre parcel of land in a highly desirable Frankston South locale, this much loved family home is tucked away in leafy privacy. Offering light and airy rooms with open plan living growing families are sure to appreciate whats on offer here.

4

2

Badiha Cook 0438 352 456

3

visit: eview.com.au for inspection details

Frankston South

Offers Over $395,000

3

2

3

visit: eview.com.au for inspection details

Frankston South

$429,000 ONO

131 Rosedale Grove The Appeal Of Potential!

99 Rosedale Grove Life Starts Here - Make The Smarter Living Choice

Located in a great pocket of Frankston South, this neat home will suit investors and developers alike. With the potential to sub-divide (stca), the possibilities are endless, invest first and develop later! The home features: •3 bedrooms with BIR, master with en suite and WIR •Family room •Kitchen with loads of cupboard space

Impeccably maintained, this solid home is now renovated and ready for its next owners. Whether you’re a first home buyer or investor, this home will surely impress.

Situated in the heart of wonderful Frankston South and on approx 647sqm of land, it consists of: •3 bedrooms with BIR & new carpet •Master with renovated en suite

3

2

2

visit: eview.com.au for inspection details

Page 10

preview

May 2012

George Findikakis 0418 397 268

3

2

Janice Dunn 0402 285 698

2

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George Findikakis 0418 397 268

residential Langwarrin

To view our entire range go to eview.com.au $580,000 - $620,000

Langwarrin

Offers invited over $460,000

21 Candwindara Court The ultimate indulgence...

24 Pepperbush Crescent Prestigious Pindara, nest or invest in style

This exclusive family home is just gorgeous and located in one of Langwarrins most sought after locations; just moments away from woodlands primary school, parks, transport and the Langwarrin Plaza, what more could you ask for. The home offers a generous functional floor plan for todays busy families and is set beautifully elevated with picturesque gardens.

When size and quality matters look no further than this beautiful town house / home.

Beautifully presented, this home is low maintenance inside and out. On entering the home you will notice its high ceiling and spacious living areas. Comprising of a large lounge/dining area, powder room and study kitchen/meals area.

4

3

Jamie Universita 0400 572 672

2

visit: eview.com.au for inspection details

Mornington

$1,350,000 - $1,450,000

4

2

Stewart Montgomery 0437 090 010

2

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Mornington

$475,000 - $515,000

10 Frontage Way Dont judge a book by its cover

8 Fulton Avenue Beachside Mornington

Step inside this amazing property you wont believe what is inside experience stylish contemporary living combined with space and privacy. Once in a lifetime does the opportunity rise to secure one of Morningtons most sought after addresses located within minutes walk to the sandy shores of Mills Beach blue chip Mornington.

This modern fully renovated home will have you ticking all the boxes on your list.

Features bright and open living with alfresco access, kitchen with stainless steel appliances including dishwasher, gas cook top, under-bench oven & stone waterfall end island bench, giving it a contemporary style. Short stroll to shops, bus & beach.

6

3

Bianca Peters 0412 929 429

2

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Mornington

$1,800,000 - $2,000,000

3

2

Peter Juraschek 0418 319 080

2

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Mornington

Negotiation over $795,000

17 Mills Beach Close Mills Beach Views

2A Strachans Road Seaside Haven

17 Mills Beach Close Mornington is a five star example of building excellence. Boasting lift access, 4 bedrooms plus study, 4 bathrooms, and large open plan living with soaring ceiling height all captivating the Mills beach vista with Northerly aspect.

Enjoy privacy with immediate beach access and just a short stroll to main street shops.

Situated within approximately 50 meters to Morningtons finest beaches and within walking distance to Main Street shops and cafes, this cutting edge modern design townhouse had no expense spared. This rare opportunity has risen to purchase a townhouse on its own title and designed for upstairs /downstairs living.

4

4

Peter Juraschek 0418 319 080

4

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Mornington

Offers invited over $370,000

3

3

Bianca Peters 0412 929 429

4

visit: eview.com.au for inspection details

Mount Eliza

$559,000

12 Wandella Road Explore your options here first!

24 Bethanga Street Brilliant Beachside Opportunity

Exceptional opportunity for first home buyers, astute investors or those wanting to explore the potential to subdivide (STCA). This neat and affordably priced 3 bedroom home features: •lounge with new gas heating, split system air-con •kitchen with meals area •family bathroom with separate toilet •built in robes to all bedrooms

Situated in a quiet cul-de-sac beachside Mount Eliza with Kunyung Primary just around the corner and a few minutes in the car from the bay, beach walking tracks and Mount Eliza Village this 1000sqm (approx) level allotment offers lots of potential and value. Secluded, private and boasting 3 bedrooms, with the main separated from the other bedrooms.

3

1

2

visit: eview.com.au for inspection details

Maryanne Cardillo 0418 948 287

3

1

Bill Branthwaite 0438 148 858

2

visit: eview.com.au for inspection details

preview

May 2012

Page 11

residential

To view our entire range go to eview.com.au

Mount Eliza

Mount Eliza

$550,000 Negotiable

3 Marilla Close All Any Family Could Desire!

2/30 Volitans Avenue Vendor Sacrificing Well Below Market Value

You’re in for a treat with this lovely property! Top-to-toe, inside and out - from the huge parcel of land (approximately 1,700sq m), to the privacy and peace, to the beautifully presented open-plan home, to the brilliant outdoor entertaining facilities its all about the languid lifestyle in highly desirable Mt Eliza.

This property must be sold! The seller has bought another property and will look at all reasonable offers. His loss will be your gain. This may be the bargain of the century. 3 good-sized bedrooms. Master with en-suite and built in robes. Guest bedrooms share family bathroom, separate toilet. 3 living areas including entertaining area with wet bar.

3

2

Leanne Poulton 0437 441 127

5

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Mount Martha

$495,000 - $570,000

3

2

Bill Branthwaite 0438 148 858

3

visit: eview.com.au for inspection details

Rosebud

$380,000 - $395,000

6 Sandhurst Terrace Fantastic Family home

4 Glasson Street Like it? You’re Going To Love It!

Sale by fixed date Tuesday 15th May (Unless sold prior). Situated opposite park grounds with a central gazebo your family will feel privileged to live here. Featuring 4 bedrooms or 3 and large study. All the rooms have built in robes and the master has a walk in robe plus ensuite. The central kitchen is a hostess delight open to the meals area and family room.

With just one careful owner this home soars above the average. Located amidst good quality homes in Rosebud’s best residential area, space and style greet you in every room. A separate entrance area, leads to the formal lounge or straight through to the kitchen, meals and second living area.

4

2

Andrew Melas 0409 920 917

2

visit: eview.com.au for inspection details

Seaford

Offers Invited Over $519,000

3

2

Peter Hildebrand 0407 335 841

2

visit: eview.com.au for inspection details

Seaford

Offers Invited Over $480,000

24 Fellowes Street Double Header

13 Lyster Close Large Beachside Family Home

Calling all investors, developers, or extended families, we have the pleasure in offering to the market, on a 696 sqm ( approx block ) two three bedroom homes that could generate conservatively a combined rent of $590 per week, or subdivide and reap the benefits.

*THIS PROPERTY CAN BE INSPECTED AT ANY TIME* Located in a highly sought after beachside pocket is where you will find this large 4 bedroom family home of approx. 19 squares. Catering for all the families needs the home features; Downstairs funky spacious kitchen with a daily meals area, 4th/guest bedroom with a small ensuite & birs.

6

2

Francis Walker 0410 559 454

2

visit: eview.com.au for inspection details

Skye

$390,000 - $409,000

4

2

Sam Bucca 0412 755 544

4

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Somerville

Offers Invited Over $310,000

5 Jake Michael Grove Upsize for less than you think!!

1206 Frankston-Flinders (service) Road Somerville’s Best Buy!

Beautifully presented inside and out this light filled 4 bedroom (overall approx 30 sq) soft federation themed home is positioned close to large parklands great for relaxing or walking with pets & ideal for families or retirees. With great street presence, numerous family orientated features, immaculate presentation & great layout.

*THIS PROPERTY CAN BE INSPECTED AT ANY TIME* Yes; rub your eyes because youre not seeing things, its a character cottage weatherboard home in a good location for a very affordable price! Boasting 3 big bedrooms, spacious open plan lounge with a study nook, daily meals area, renovated bathroom and neat light filled kitchen.

4

2

2

visit: eview.com.au for inspection details

Page 12

preview

May 2012

David Politakis 0438 779 735

3

1

-

visit: eview.com.au for inspection details

Sam Bucca 0412 755 544

property management Frankston

$280 per week

Seaford

$295 per week

Carrum

$365 per week

Frankston

$365 per week

9/238 Cranbourne Road 1 Free Week’s Rent

6/31 Fellowes Street Spacious 3 bedroom Villa

3/32 Kalimna Street Almost New - Townhouse

17 James Street Character Art Deco Home

This 3 bedroom villa has new carpet throughout, is spacious inside and has plenty of outdoor garden areas to enjoy. Lounge Bec Sullivan with new gas heater.

0458 550 198

Open plan lounge/dining opening to paved rear courtyard. Kitchen with breakfast bench, Stainless steel electric oven, gas hot plates.

This townhouse presents as new; Featuring 2 bedrooms, master with ensuite, built in robes in both bedrooms, a huge living Elise Wishnowsky area with polished oorboards. 0400 520 835

Nestled in a quiet street in Frankston walking distance to all the amenities including shops, Tafe, transport and the sandy Bec Sullivan shores of Frankston Beach.

0458 550 198

3

1

1

3

visit: eview.com.au for inspection details

Frankston

$420 per week

3b Melva Court NEW 3 bedroom townhouse This 2 storey 3 bedroom townhouse conveniently located close to Monash Uni, Frankston Hospital and CBD is currently under construction.

3

2

Cheryl Keher 0419 577 700

3

2

2

visit: eview.com.au for inspection details

Frankston

$370 per week

1

1

4

visit: eview.com.au for inspection details

Langwarrin

$365 per week

1

-

visit: eview.com.au for inspection details

Langwarrin

$365 per week

43 Blaxland Avenue Spacious 3 bedroom home in Frankston High School zone

1/424 Mc Clelland Road Brand New Three Bedroom Home

2/424 Mc Clelland Road Brand New Three Bedroom Home

Freshly painted and new carpets throughout. Lounge/dining with split system air conditioner.

Bec Sullivan Kitchen with electric cooking.

0458 550 198

Still under completion and only two on the block. This brand new three bedroom home will be one to inspect.

Still under completion and only two on the block. This brand new three bedroom home will be one to inspect.

3

visit: eview.com.au for inspection details

2

Bec Sullivan 0458 550 198

2

3

visit: eview.com.au for inspection details

3

2

Liane Owen 0458 550168

2

3

visit: eview.com.au for inspection details

2

Liane Owen 0458 550168

2

visit: eview.com.au for inspection details

$0 transfer fee. protect

.

your asset and

maximise your income.

Cheryl Keher

Noel Susay

Business/ General ManagerManager Owner

Director - Licensed Estate Agent

8781 3888

Chelsea ofďŹ ce: 8773 1888

0419 577 700

0450 069 506

cheryl.keher@eview.com.au

noel.susay@eview.com.au

‘your property. our responsibility.’ preview

May 2012

Page 13

Team eview Sales Results April results Street

Suburb

Price

Street

Suburb

Price

$415,000

Spruce Court

Frankston North

UNDER CONTRACT

Station Street

Somerville

$440,000

$245,000

Greenhood Place

Langwarrin

$370,000

Frankston

UNDISCLOSED

Coolgardie Street

Frankston North

UNDER CONTRACT

Heatherhill Road

Frankston

UNDER CONTRACT

Schooner Bay Drive

Frankston

UNDER CONTRACT

Coogee Avenue

Frankston

UNDER CONTRACT

Caley Street

Frankston North

Eramosa Road East

Somerville

$325,000

Ashleigh Avenue

Frankston

UNDER CONTRACT

Quarry Road

Langwarrin

$335,000

Brunning Crescent

Frankston North

UNDER CONTRACT

Myers Road

Bittern

$377,500

Lochiel Avenue

Edithvale

UNDER CONTRACT

Rex Court

Somerville

$368,000

Mallard Court

Chelsea Heights

$385,000

Mintbush Terrace

Langwarrin

$570,000

Argyle Avenue

Chelsea

$610,000

Frankston-Flinders Road Somerville

$322,000

Beacon Drive

Langwarrin

Nodding Avenue

Frankston North

$230,000

Showers Avenue

Chelsea

$750,000

Elaine Court

Somerville

$343,000

Chelsea Road

Chelsea

$302,000

Blaxland Avenue

Frankston South

$432,500

Brookville Court

Narre Warren South

$360,000

Parwan Court

Frankston

UNDISCLOSED

Nettle Drive

Hallam

$366,000

Gairloch Drive

Frankston

$340,000

Belvedere Drive

Pakenham

UNDER CONTRACT

Esplanade

Mornington

$675,000

Ayres Road

Healesville

UNDER CONTRACT

Yewers Avenue

Mount Eliza

$512,500

Andrea Court

Healesville

$760,000

Romsey Place

Langwarrin

$390,000

Gallop Court

Truganina

UNDER CONTRACT

Harrow Hill Court

Frankston South

$658,500

Gwenda Street

Box Hill South

$775,000

Wynden Drive

Frankston

$260,000

Brookland Greens Blvd Cranbourne

$395,000

Kananook Avenue

Seaford

$488,000

Kellbourne Drive

Rowville

$502,500

Muir Street

Frankston

$207,000

Mickleton Grove

Point Cook

$290,000

James Street

Frankston

$327,500

Red Blaze Place

Tarneit

Stratford Close

Somerville

UNDISCLOSED

Thompson Road

Patterson Lakes

The Ridge

Frankston South

$520,000

Costata Court

Narre Warren

UNDER CONTRACT

The Strand

Frankston South

$740,000

Myrtle Street

Langwarrin

UNDER CONTRACT

Witternberg Avenue

Frankston

Boonong Avenue

Seaford

Jarrah Court

Frankston North

Warrain Street

Page 14

preview

May 2012

UNDISCLOSED

$226,000

UNDISCLOSED

UNDER CONTRACT $400,000

FRANKSTON SOUTH 3199

600,000

500,000

Property Market Statistics FRANKSTON NORTH 3200

300,000

Median House Price

Median Unit Price

400,000

300,000

Quarter Stats 1st Jan - 31st March 2012 No. of Residential Sales 63 Highest Sale Price $875,000.00 Lowest Sale Price $265,000.00 Properties For Sale Today 205 April

FRANKSTON 3199

200,000

100,000 $ PRICE YEAR 2004 2005 2006 2007 2008 2009 2010 2011

400000 350000

250,000 300000 Median House Price

Median Unit Price

200,000

Median House Price

Median Unit Price

200000

150,000

Quarter Stats 1st Jan - 31st March 2012 No. of Residential Sales 21 Highest Sale Price $329,000.00 Lowest Sale Price $225,000.00 Properties For Sale Today 69 April

MT ELIZA 3930

100,000

50,000 $ PRICE YEAR 2004 2005 2006 2007 2008 2009 2010 2011

800,000 700,000 600,000

Median House Price

Median Unit Price

Quarter Stats 1st Jan - 31st March 2012 No. of Residential Sales 150 Highest Sale Price $1,900,000.00 Lowest Sale Price $180,000.00 Properties For Sale Today 525 April

SOMMERVILLE 3192 Median Unit Price

500,000

ROSEBUD 3939

300,000 200,000 100,000 $ PRICE YEAR 2004 2005 2006 2007 2008 2009 2010 2011

400,000 350,000 300,000

Median House Price

Median Unit Price

250,000

SEAFORD 3198

150,000 100,000 50,000 $ PRICE YEAR 2004 2005 2006 2007 2008 2009 2010 2011

500,000

100000 50000 0

2004 2005 2006 2007 2008 2009 2010 2011

400000 350,000

250000 200,000

Quarter Stats 1st Jan - 31st March 2012 No. of Residential Sales 41 Highest Sale Price $605,000.00 Lowest Sale Price $252,000.00 Properties For Sale Today 118 April

LANGWARRIN 3910

150,000 100,000 50,000 $ PRICE YEAR 2004 2005 2006 2007 2008 2009 2010 2011

400,000 350,000 300,000

Median House Price

Median Unit Price

250,000 200,000

200,000

Quarter Stats 1st Jan - 31st March 2012 No. of Residential Sales 92 Highest Sale Price $755,000.00 Lowest Sale Price $250,000.00 Properties For Sale Today 238 April

150000

300,000 Median House Price

400,000

Quarter Stats 1st Jan - 31st March 2012 No. of Residential Sales 64 Highest Sale Price $1,375,000.00 Lowest Sale Price $240,000.00 Properties For Sale Today 268 April

250000

Quarter Stats 1st Jan - 31st March 2012 No. of Residential Sales 76 Highest Sale Price $585,000.00 Lowest Sale Price $264,000.00 Properties For Sale Today 184 April

MORNINGTON 3931

150,000 100,000 50,000 $ PRICE YEAR 2004 2005 2006 2007 2008 2009 2010 2011

600,000

500000 400,000

Median House Price

Median Unit Price

Median House Price

Median Unit Price

400000

300,000 300,000

Quarter Stats 1st Jan - 31st March 2012 No. of Residential Sales 68 Highest Sale Price $615,000.00 Lowest Sale Price $200,000.00 Properties For Sale Today 174 April

200,000

100,000

$ PRICE YEAR 2004 2005 2006 2007 2008 2009 2010 2011

Quarter Stats 1st Jan - 31st March 2012 No. of Residential Sales 96 Highest Sale Price $900,000.00 Lowest Sale Price $180,000.00 Properties For Sale Today 320 April

200,000

100,000 $ PRICE YEAR 2004 2005 2006 2007 2008 2009 2010 2011

preview

May 2012

Page 15

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out about our unique ‘right to sell’ system

estate agents will get

minimum stress for

.

Your home could be worth more than you think. your property

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May 2012

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