The Melbourne Preview May 2012

It’s thattime of theyear again!page 3

Settlement -What happens?

page 6

May 2012 Issue 9

REAL ESTATE PARTNERS

preview May 2012

Our Cover???

Our CoverColours of Autumn

Circulation 50,000Publication enquiries:Arthur [email protected] 676 641

In this issue

pg8 Funtime

pg15 Eview propertymaket statistics

pr vi wHAVING A

Go online or contact your friendlyEview Sales representative to register for FREE your upcoming garage sale.

Your Eview representative will give you a call to organise at no cost:

� POINTER BOARDSwith 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!

GARAGESALE?

From the directors

contact us

Spend a little…gain a lotWelcome to edition #9 of our Preview monthly newsletter.

What better time to think of improving your fi nancial 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 fi nances. 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.

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.

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.

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 fi gure, 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.

Web: eview.com.au

Chelsea Regional Offi ce, Sales & Rentals436 Nepean Hwy, Chelsea 3196Phone: 8773 1888 Fax: 9772 0198Email: [email protected]

Frankston Regional Offi ce, Sales & Rentals463 Nepean Hwy Frankston 3199Sales Rentals:Phone: 8781 3888 Phone: 8781 3877Fax: 9781 1547 Fax: 9781 1547Email: [email protected]: [email protected]

Narre Warren Regional Offi ce (Now open)Building 2, Ground Level 30-32 Verdun Drive, Narre Warren 3805Phone: 8794 1200

Werribee - Branch Offi ceSuite 11/2-14 Station Place, Werribee 3030Phone: 9749 8008 Fax: 9749 8002

Rosebud - Branch Offi ceShop 3, 1451 Point Nepean Road, Rosebud 3939Phone: 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 specifi c 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

Vanessa Miranda

In theSpotlight

This business was born in 2000 alongside the birth of my fi rst daughter. My ambitious nature and eagerness to help has encouraged the rapid growth for this practice. My morals and standards are fi ltered 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’ profi ts and their wealth. In an age of increasing fi nancial 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 certifi cate - 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 offi ce with any queries you may have.

You will fi nd our service professional, approachable and effi cient.

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

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Property newsIDEAS 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 propertyWinter is about to arrive on the back of extreme wet weather certainly playing havoc in most areas. Whether it is fl ooding, 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 fl oor tiles which could pose a legal issue if a tenant trips and injures themselves; and

• Checking the roof tiles are functioning and fi xing any loose or broken tiles, broken ridge capping or loose fl ashing (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?

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 fi nd 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 FindikakisDirector,Licensed Estate Agent

feature home To view our entire rangego to eview.com.au

Frankston South Neg Over $890,000

139 Overport RoadHuge Family Home, Dual AccommodationThis 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 fl oor 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 fl oor boards •Carpeted formal lounge with wood heater, loads of natural light through the fl oor to ceiling windows, and high vaulted ceilings giving a feeling of spaciousness •Vast open living, dining and kitchen area with timber polished fl oor 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

visit: eview.com.au for inspection details3 64 Andrew Melas

0409 920 917

preview May 2012

Frankston $350,000

6 Ashleigh StreetOpportunity KnocksOpportunity 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).

visit: eview.com.au for inspection details2 23

Frankston $280,000 - $295,000

6A Farrell Street/Lane“Farrell Lane” - NO BODY CORPSheltered & extremely private amongst colour fi lled 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 fl oors, dado wall panelling, heritage style bathroom.


Frankston Offers over $340,000

5/102-104 Hillcrest RoadSecure InvestmentLooking for a secure investment? No need to look any further. This modern town house is rock solid, currently returning $15,900 p.a & with terrifi c tenants wanting to remain. Double story and eye catching appeal! Located within a fi ve minute drive to Frankston CBD and an easy walk to Monash University.


Frankston By Negotiation

17 Mapiti CourtElegance In A Prestigious CourtAre 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.


Frankston $290,000 - $310,000

8 Chaucer AvenuePerfect Starter*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.

visit: eview.com.au for inspection details1 -4

Frankston Offers Over $595,000

17 Gweno AvenuePosition, Position, Position!Real estate is all about location & this property is in one of the fi nest 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.


Frankston $370,000 - $410,000

18 Leonard StreetRipper Renovated & Ready To Go!Buying your fi rst 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.


Frankston Neg over $475,000

30 Nursery AvenueSounds like a plan!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!


residential To view our entire rangego to eview.com.au

Francis Walker 0410 559 454

Arthur Proios0414 676 641

David Politakis 0438 779 735

Stewart Montgomery 0437 090 010


Peter Juraschek0418 319 080

Francis Walker0410 559 454


preview May 2012

Frankston $265,000 - $279,000

2/25 Olympic AvenueSpacious Stand Alone Unit No Body Corp FeesOf 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.


Frankston Offers invited over $345,000

98 Warrawee CircuitMake Your Move NowThis 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 fi rst 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.


Frankston North $289,500

8 Ivy CourtTake a closer look!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.


Frankston South Offers invited $520,000

60 Escarpment DriveLarge Modern home on a maintainable allotmentJust 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.


Frankston Offers over $550,000

5 Tertullian CourtCaptivating Views, Loveable Location, The Perfect Plan...Brilliantly elevated, this engaging family home has the perfect aspect, providing idyllic city, bay & You Yang views from the fl owing 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.


Frankston North Offers invited over $230,000

37 Aleppo CrescentInvestors Take Note!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.


Frankston South Offers Over $550,000

12 Colbert CourtUpgrade Your Standard Of LivingA 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 fi re place & formal dining


Frankston South $395,000 - $425,000

1/153 Kars StreetEasy Lifestyle - Walk To Beach - FHSZThis 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.




George Findikakis 0418 397 268

Francis Walker 0410 559 454

Michael McClure 0403 736 761



Badiha Cook 0438 352 456

Sandra Bardebes0414 707 455

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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 SettlementSettlement 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 Offi ce and Land Titles Offi ce to name a few.Statement of Adjustments - This is the fi nancial 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 fi nal settlement amount due to the Vendor and fi nally 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 SettlementThe parties negotiate a time and place for the settlement to occur which in most cases occurs at the Vendor’s bank offi ce as they hold the Certifi cate 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 Certifi cate of Title. Once the parties are satisfi ed the transaction is settled, telephone calls are made to inform the parties.Post SettlementOnce settlement has been completed the Purchaser’s Lender will take the settlement documents to the State Revenue Offi ce to have stamp duty paid. Once the Transfer of Land document is “stamped” it’s off to the Titles Offi ce where the transfer is completed and the Purchaser is recorded on the Titles Offi ce register as the new owner of the property and a new title is produced.SummaryThis 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 fi nd out more.

Settlement - What Happens?

The REIV has released its State Budget submission for 2012–13, highlighting a need to continue state-based tax reform, assist fi rst 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 ineffi cient 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.

Another anomaly is that when a

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.

The REIV also applauds the focus on assisting all fi rst 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 fi rst 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 non-residential transactions to cease. When an offi ce 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.

EnzoRaimondo CEO REIV

State Budgetprovides opportunityfor taxation reform

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 profi ts (or losses) to be shared and who is going to be legally liable for the debts of the business. Other considerations include the anticipated profi tability of the business and the relationship, fi nancial and tax positions of all the people involved.

When evaluating your choice of business structure you should look to:

• Maximise the Protection of your Assets

• Minimise Tax Exposure

• Allow for Admission of New Partners or Investors

• Comply with all Legal Requirements

• Take advantage of the Potential Future 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, fl exibility 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 benefi t. In such case, the relevant tax benefi t may be cancelled and penalty tax imposed.

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Tips inaccountingwith MirandaAccounting Services

Choosing the Right Business StructureYour choice of business structure can be of critical importance to the success or failure of the business. It can be expensive to switch structures and it can also have signifi cant tax implications.

Before you select a business structure, commence operating and prior to signing any legal contracts it is imperative that you consult with our offi ce and possibly seek legal advice. We can discuss your need for

limited liability, explain how your choice of structure will affect the availability of fi nance and advise whether there is any specifi c 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.

preview May 2012

Community newsTo advertise your favourite local Community Group for FREE! Contact [email protected]

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OpportunityShop

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

Come in and grab a bargainDonate your pre-loved goodsVolunteer and help us outHelp 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.

Contact us 8599 5433www.familylife.com.au

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

NEW SHOP OPEN

13 Playne Street Frankston

preview May 2012

Phone: 0418 125 437www.regroupenterprises.com.au

Property Styli s t sRe Group Enterprises

Maximise the return on your home

Before

Before

After

After

For an obligation FREE assessment on how to present your property for SALE

call Kym or visit our website

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...

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

#9

Entries Close 31st May 2012

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JUST JOKING AROUND....JUST JOKING AROUND....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!

Doctor, doctor, I can’t get to sleep.Lie on the edge of the bed and you’ll soon drop off!

What do you call a fl y with no wings?A walk!

preview May 2012

Ph 9775 7188

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

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

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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Frankston South Offers over $580,000

15 Lawson AvenueRare Opportunity On OfferWhat an amazing 5 bedroom home, this rare fi nd 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


Frankston South $890,000 Plus

15 Merilyn WayIndoor Outdoor EntertainingWelcome 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 fi rm focus on indoor/outdoor living the fl oor plan is versatile and will encourage year round entertaining.



33 Overport RoadQuaint Charming and CosyA 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


Frankston South Offers Over $395,000

131 Rosedale GroveThe Appeal Of Potential!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 fi rst and develop later! The home features: •3 bedrooms with BIR, master with en suite and WIR •Family room •Kitchen with loads of cupboard space


Frankston South Offers Invited Over $930,000

9 Merilyn WayFamily living in prestigious neighbourhoodSurround 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 benefi t of a versatile fl oor plan.



139 Overport RoadSurprise PackageWith 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.


Frankston South $760,000 plus

112 Overport RoadReady to move in!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.


Frankston South $429,000 ONO

99 Rosedale GroveLife Starts Here - Make The Smarter Living ChoiceImpeccably maintained, this solid home is now renovated and ready for its next owners. Whether you’re a fi rst 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




Peter Syle 0409 722 505

Janice Dunn 0402 285 698

Andrew Melas 0409 920 917


Janice Dunn 0402 285 698



preview May 2012

Langwarrin $580,000 - $620,000

21 Candwindara CourtThe ultimate indulgence...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 fl oor plan for todays busy families and is set beautifully elevated with picturesque gardens.


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

10 Frontage WayDont judge a book by its coverStep 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.


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

17 Mills Beach CloseMills Beach Views17 Mills Beach Close Mornington is a fi ve 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.


Mornington Offers invited over $370,000

12 Wandella RoadExplore your options here fi rst!Exceptional opportunity for fi rst 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


Langwarrin Offers invited over $460,000

24 Pepperbush CrescentPrestigious Pindara, nest or invest in styleWhen 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.


Mornington $475,000 - $515,000

8 Fulton AvenueBeachside MorningtonThis 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.


Mornington Negotiation over $795,000

2A Strachans RoadSeaside HavenSituated within approximately 50 meters to Morningtons fi nest 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.


Mount Eliza $559,000

24 Bethanga StreetBrilliant Beachside OpportunitySituated 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.



Jamie Universita 0400 572 672

Stewart Montgomery 0437 090 010

Bianca Peters 0412 929 429



Bianca Peters 0412 929 429

Maryanne Cardillo0418 948 287

Bill Branthwaite0438 148 858

preview May 2012

Mount Eliza

3 Marilla CloseAll Any Family Could Desire!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.


Mount Martha $495,000 - $570,000

6 Sandhurst TerraceFantastic Family homeSale by fi xed 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.


Seaford Offers Invited Over $519,000

24 Fellowes StreetDouble HeaderCalling 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 benefi ts.


Skye $390,000 - $409,000

5 Jake Michael GroveUpsize for less than you think!!Beautifully presented inside and out this light fi lled 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.


Mount Eliza $550,000 Negotiable

2/30 Volitans AvenueVendor Sacrifi cing Well Below Market ValueThis 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.


Rosebud $380,000 - $395,000

4 Glasson StreetLike it? You’re Going To Love It!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.


Seaford Offers Invited Over $480,000

13 Lyster CloseLarge Beachside Family Home*THIS PROPERTY CAN BE INSPECTED AT ANY TIME* Located in a highly sought after beachside pocket is where you will fi nd 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.


Somerville Offers Invited Over $310,000

1206 Frankston-Flinders (service) RoadSomerville’s Best Buy!*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 fi lled kitchen.



Leanne Poulton 0437 441 127

Bill Branthwaite0438 148 858

Andrew Melas 0409 920 917

Peter Hildebrand0407 335 841

Francis Walker0410 559 454

Sam Bucca0412 755 544


Sam Bucca0412 755 544

preview May 2012

0450 069 506

Noel Susay Director - Licensed Estate Agent

[email protected]

Chelsea office: 8773 1888

0419 577 700

Cheryl Keher Owner / General Manager

[email protected]

�� 8781 3888

protect your asset and

maximise your income.

�� .

‘your property. our responsibility.’

��

$0 transfer fee.

Business Manager

property managementFrankston $280 per week


9/238 Cranbourne Road1 Free Week’s RentThis 3 bedroom villa has new carpet throughout, is spacious inside and has plenty of outdoor garden areas to enjoy. Lounge with new gas heater.

Frankston $420 per week


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

Seaford $295 per week


6/31 Fellowes StreetSpacious 3 bedroom VillaOpen plan lounge/dining opening to paved rear courtyard. Kitchen with breakfast bench, Stainless steel electric oven, gas hot plates.



43 Blaxland AvenueSpacious 3 bedroom home in Frankston High School zoneFreshly painted and new carpets throughout. Lounge/dining with split system air conditioner. Kitchen with electric cooking.

Carrum $365 per week


3/32 Kalimna StreetAlmost New - TownhouseThis townhouse presents as new; Featuring 2 bedrooms, master with ensuite, built in robes in both bedrooms, a huge living area with polished fl oorboards.

Elise Wishnowsky 0400 520 835

Langwarrin $365 per week


1/424 Mc Clelland RoadBrand New Three Bedroom HomeStill under completion and only two on the block. This brand new three bedroom home will be one to inspect.



17 James StreetCharacter Art Deco HomeNestled in a quiet street in Frankston walking distance to all the amenities including shops, Tafe, transport and the sandy shores of Frankston Beach.

Langwarrin $365 per week


2/424 Mc Clelland RoadBrand New Three Bedroom HomeStill under completion and only two on the block. This brand new three bedroom home will be one to inspect.

Bec Sullivan0458 550 198




Cheryl Keher 0419 577 700

Liane Owen0458 550168

Liane Owen0458 550168

preview May 2012

April resultsTeam eview Sales Results

Street Suburb Price

Witternberg Avenue Frankston $415,000

Boonong Avenue Seaford UNDER CONTRACT

Jarrah Court Frankston North $245,000

Warrain Street Frankston UNDISCLOSED

Heatherhill Road Frankston UNDER CONTRACT

Coogee Avenue Frankston UNDER CONTRACT

Eramosa Road East Somerville $325,000

Quarry Road Langwarrin $335,000

Myers Road Bittern $377,500

Rex Court Somerville $368,000

Mintbush Terrace Langwarrin $570,000

Frankston-Flinders Road Somerville $322,000

Nodding Avenue Frankston North $230,000

Elaine Court Somerville $343,000

Blaxland Avenue Frankston South $432,500

Parwan Court Frankston UNDISCLOSED

Gairloch Drive Frankston $340,000

Esplanade Mornington $675,000

Yewers Avenue Mount Eliza $512,500

Romsey Place Langwarrin $390,000

Harrow Hill Court Frankston South $658,500

Wynden Drive Frankston $260,000

Kananook Avenue Seaford $488,000

Muir Street Frankston $207,000

James Street Frankston $327,500

Stratford Close Somerville UNDISCLOSED

The Ridge Frankston South $520,000

The Strand Frankston South $740,000

Street Suburb Price

Spruce Court Frankston North UNDISCLOSED

Station Street Somerville $440,000

Greenhood Place Langwarrin $370,000

Coolgardie Street Frankston North UNDER CONTRACT

Schooner Bay Drive Frankston UNDER CONTRACT

Caley Street Frankston North $226,000

Ashleigh Avenue Frankston UNDER CONTRACT

Brunning Crescent Frankston North UNDER CONTRACT

Lochiel Avenue Edithvale UNDER CONTRACT

Mallard Court Chelsea Heights $385,000

Argyle Avenue Chelsea $610,000

Beacon Drive Langwarrin UNDISCLOSED

Showers Avenue Chelsea $750,000

Chelsea Road Chelsea $302,000

Brookville Court Narre Warren South $360,000

Nettle Drive Hallam $366,000

Belvedere Drive Pakenham UNDER CONTRACT

Ayres Road Healesville UNDER CONTRACT

Andrea Court Healesville $760,000

Gallop Court Truganina UNDER CONTRACT

Gwenda Street Box Hill South $775,000

Brookland Greens Blvd Cranbourne $395,000

Kellbourne Drive Rowville $502,500

Mickleton Grove Point Cook $290,000

Red Blaze Place Tarneit UNDER CONTRACT

Thompson Road Patterson Lakes $400,000

Costata Court Narre Warren UNDER CONTRACT

Myrtle Street Langwarrin UNDER CONTRACT

preview May 2012

$ PRICEYEAR

100,000

200,000

300,000

400,000

500,000

600,000

20112010200920082007200620052004

MedianUnit Price

MedianHouse Price

FRANKSTON SOUTH 3199

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

$ PRICEYEAR

50,000

100,000

150,000

200,000

250,000

300,000

20112010200920082007200620052004

MedianUnit Price

MedianHouse Price

FRANKSTON NORTH 3200





April 0

50000

100000

150000

200000

250000

300000

350000

400000

20112010200920082007200620052004

MedianUnit Price

MedianHouse Price

FRANKSTON 3199


Highest Sale Price $1,900,000.00



April

$ PRICEYEAR

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

20112010200920082007200620052004

MedianUnit Price

MedianHouse Price

MT ELIZA 3930


Highest Sale Price $1,375,000.00



April

$ PRICEYEAR

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

20112010200920082007200620052004

MedianUnit Price

MedianHouse Price

ROSEBUD 3939





April $ PRICEYEAR

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

20112010200920082007200620052004

MedianUnit Price

MedianHouse Price

LANGWARRIN 3910





April

$ PRICEYEAR

100,000

200,000

300,000

400000

500000

600,000

20112010200920082007200620052004

MedianUnit Price

MedianHouse Price

MORNINGTON 3931





April $ PRICEYEAR

100,000

200,000

300,000

400,000

500,000

20112010200920082007200620052004

MedianUnit Price

MedianHouse Price

SEAFORD 3198





April

$ PRICEYEAR

50,000

100,000

150,000

200,000

250000

300,000

350,000

400000

20112010200920082007200620052004

MedianUnit Price

MedianHouse Price

SOMMERVILLE 3192





April

PropertyMarket Statistics

preview May 2012

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The Melbourne Preview May 2012

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