The Melbourne Preview August 2011

Property newspg 3

On the grapevinepg 7

Team eviewsales results

pg 13

August 2011 Issue 1

REAL ESTATE PARTNERS

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Page 2 preview August 2011

Our Cover???

Our CoverPreview launch

Circulation 70,000Publication enquiries:[email protected] 676 641

In this issue

pg7 CommunityNews

pg8 Funtime

pg12 Market Snapshot

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 LISITNG of your forthcoming garage sale on eview.com.au which receives over 12000 visitors every month!

GARAGESALE?

From the directors

contact us

Dear Reader,The team at Eview Real Estate Partners is excited to bring to you our very fi rst edition of “Preview,” an exclusive publication of the Eview Group of Professional Estate Agents. It is our goal to provide you with relevant real estate information to keep you fully informed on the state of the market, and tips on how to maximise your profi ts through real estate.

Now in our fi fth year of operation, backed by over 65 dedicated team members, the Eview group has helped over 4000 home owners and investors achieve their property goals in transacting almost one billion dollars in residential real estate sales.

To say that it has been an exciting journey is an understatement; Eview has positioned itself as a leading real estate force in the Melbourne market having marketed and sold properties from Flinders to Point Cook and as far away as Hepburn Springs! This is an exceptional result which has only come about by the high delivery and service standards of the entire team; for that, we are truly grateful.

So how is the market? Probably the most asked question of a real estate agent! Despite a softening of retail spending and sluggish confi dence levels in recent times, property owners should take comfort with reports from the Federal Reserve Bank and media outlets that interest rates will more than likely stay on hold for the remainder of this year. Coupled with a decrease to the Victorian First Home Buyers stamp duty rates, we should start to see a slow return to normal levels of clearance rates as buyers begin to re-enter the market place in the lead up to the Spring selling season. The near future looks very promising and this is a great time to be out there with prices at levels that could look terrifi c in a years’ time.

What should I do? Probably the second most asked question of a real estate agent! Personal circumstances vary between one client to another. If you are a potential buyer or investor, the buying time line should purely be based on personal fi nancial circumstances. The right time to buy is always when you can best afford to; not trying to pick the lowest point in the market. By waiting, you risk paying far more as the market always bounces back far more quickly and steeply when it is rising.

We hope you enjoy our very fi rst edition. We also like to thank our local sponsors and contributors to the publication, as without their assistance, it could not be possible. We welcome your feedback and encourage community contribution; if you are having a community or charity function, be sure to register with us and receive free internet & editorial listing to promote your event. Many of our team are expert auctioneers and would be more than happy to support worthwhile causes. Email your requests & comments to [email protected] or visit our website for more information.

We look forward to assisting you in all your real estate needs,

Web: eview.com.au

Chelsea Regional Offi ce, Sales & Rentals436 Nepean Hwy, Chelsea 3196Phone: 8773 1888Fax: 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:(Opening September 2011)Building 2, Ground Level 30-32 Verdun Drive,Narre Warren 3805Disclaimer: 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 accuracy 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.

Manos & Maria Findikakis Directors/Licensed Estate Agents

REAL ESTATE PARTNERS

Pete MackenzieProprietor of Jac n Jean

Jac n Jean opened in Frankston in June 1970 making it Melbourne’s fi rst jean store.

Pete Mackenzie, the company founder still owns & operates the store however today it is more at arms length, as Pete says the business focuses on the 16 to 30 year old consumer & therefore his team are responsible for the day to day operations & buying of product.

Jac n Jean has always offered a point of difference by stocking labels exclusive to the business, presenting the stock in a vibrant & friendly environment. We have to be in front of our opposition in every facet, which can be challenging with the competitors all being multiple chain stores with substantial buying power, own brands and large marketing budgets.

The success of the business is largely due to a lot of hard work behind the scenes with Pete working on the product & marketing side, his partner Lynn diligently controlling the admin side of the business, an often neglected area which at the end of the day makes up a vital segment to the overall reputation of any business.

In the 41 years of trading in Frankston we have seen incredible changes from the original location in Shannon Mall (then a street) looking out at massive gas tanks where Lincraft are situated, an open carpark where the major section of the Bayside Centre is now, Myer was still to be built. Our current location in Station St Mall back in 1970 was a motor body business…mainly building hearses & funeral cars.

Frankston has gone from being a relatively quiet small town to a thriving commercial hub & like every other city which experiences major growth it has not been without challenges. The city offers the community a great lifestyle & unlike most other regions, Frankston has 10 kms of magnifi cent beaches.

As residents we enjoy the best of both resort and city life in Frankston we are seeing growth in young families moving into the region which augers well for a sustainable future for our town.

In theSpotlight

preview August 2011 Page 3

Vendors willing to meet the market benefi t from quick salesSome agents overprice homes just to win listingsMeeting the market is a term that agents use to describe properties that are in line with market expectations.

This is compared to those that are overpriced, a situation that often arises when an agent ‘talks up’ the value of the home to try to win the listing. It’s a dishonest approach really, that leaves sellers with a false impression of what their home is worth.

It can also mean a home can sit on the market for months, with no real chance of it being sold unless the market goes up or the vendor reduces the price. Manos Findikakis, CEO of the Eview group, told Property News that such practices can actually damage owners because their homes may not only languish on the market for months, but in effect result in a reduced sale price as buyers become wary and the stigma of ‘what’s wrong with that property’ is tagged to ‘stale’ properties.

“Never underestimate buyers” Manos said. “Anybody can do some basic research and quickly establish whether or not a property is overpriced. These days it’s easy to access the internet and for a small fee get a list of recent sales in an area.”

It is your agent’s responsibility to guide you and provide professional and appropriate information to help you achieve the best result.

What price should you set as your selling price?You’ve fi nally decided on a selling price and then you meet an agent who tells you that you could sell for a lot more. Do you get carried away with the agent’s advice, or is it wiser to take a more conservative approach to pricing? Is the agent simply trying to ‘buy’ your business?

In this report, we evaluate the age old issue of pricing your property. At a time when

every cent counts in a property transaction we have to, unfortunately, offer you a word of caution.

Most real estate agents touting for business usually recommend a selling price that is fair and along the lines of what the market is willing to pay. In actual fact, under current legislation, Estate Agents are required by law to give an estimate selling price within a 10% range and to back it up with recent comparable sales.

But unfortunately, agents have been known to overprice properties in appraisals to get listings. Then they spend the following weeks beating down their vendors to a more realistic selling price.

That is why you have to be extremely conservative when it comes to pricing your property. Yes, it is a common mistake made by sellers to listen and be taken in by prices that the market won’t pay. We’re only human; we all feel that our properties are worth more than they really are. It is only by being emotionally removed from the sale of a property, that as an agent, you have the ability to really present the property to a buyer audience with a price that is achievable and in line with the current market.

Too much money is being wasted on marketing properties that are overpriced. As John McGrath, one of Australia’s most respected real estate agents, once said “The best property in Australia will stay on the market if it is overpriced.” No amount of marketing will attract a buyer who feels the value is well beyond reasonable market expectations.

Reality is, your greatest competition are other like properties similar to yours who are priced below your pricing level; or have vendors who have a higher motivation to sell. Your ability to set your property apart be it by pricing or presentation, together with strong negotiation skills and techniques by your selling agent will on percentage achieve you a far greater result. Research and preparation is everything; you wouldn’t want to give it away!

Property newsIDEAS TO HELP YOU WHEN YOU’RE BUYING OR SELLING

Points to consider:� Set a price that is

in line with current market expectations.

� Do some research. What have homes like yours sold for in the last monthor two?

� Some agents suggest high prices in their appraisals only to beat you down when a buyer comes along with a lower offer. Be careful who you choose asyour agent.

� Set a price that the market is willing to pay. Research shows that this is your best chance of achieving a price in the high range of market expectations.

SOLD

SOLD

SOLD


residential

Andrew Melas0409 920 917

37A Hall RoadFantastic investment - great locationSecurely tenanted and positioned perfectly this stand alone home features 3 bedrooms and 2 living areas, a double carport, an easy to manage low maintenance garden and is situated so close to a major shopping centre and transport that you could sell your car and never pay for petrol again.

visit: eview.com.au for inspection details1 23

Carrum Downs $270,000 - $299,000

Bonbeach $559,000

Bill Ewing 0402 829 877

470 Station StreetCorner Block- Development OpportunityWhen you think about Bonbeach you picture Sun, Sand and Beach. Ideally located just across the road from the beach is this golden opportunity for a developer to regenerate this site as a multiple townhouse development STCA. An existing double storey home offers a large lounge, dining and 2 bathrooms.


Bayswater $450,000 Plus

David Stewart0411 655 611

20 Suffern AvenueSolar Powered for the FutureAll your boxes are ticked with this well presented and spacious home that offers location and life style. A modern design with the master up front and the kids bedrooms together at the rear.


Chelsea $860,000- $940,000

George Begala0412 133 906

2 Barnes GroveBeach House with Designer FlairContemplating a sea-change? Well here is an opportunity not to be missed Situated just metres from the pristine white sands of Chelsea Beach, arguably one of Melbourne’s fi nest beaches this beach side home is a MUST see. This gorgeous double storey architect designer delight beckons.


Frankston $340,000-$370,000

George Findikakis0418 397 268

17 Liardet CrescentOpportunity knocks...A great family home has come on the market in a great pocket, near schools, walking distance to Karingal Hub and public transport. Situated on approx 546sqm and backing onto Ballam Park.


Carnegie Offers Invited Over $895,000

Helen Cracknell0425 407 209

315 Neerim RoadCarnegie Calling - Three in One Rare Opportunity. First time offered in over 40 years!! This special Neerim road property is located in the heart of the Carnegie shopping strip and metres to Koornang road. Shop Details: The ground fl oor is currently leased, comprising two rooms with separate toilet. Dwelling: Private two storey dwelling with its own separate entrance.


Clarinda $449,900

Joe Viglione0407 260 733

1 Dyer CourtIt’s what’s inside that countsAdd your touch to this well priced investment opportunity or entry level fi rst home. Ideally located at the end of the court, this three bedroom brick abode invites you to think of the possibilities. This residential delight features a generous living area that fl ows into the kitchen/ meals area.


Paul Organtzidis0431 646 115

21 Violet WayOwner moving overseas - priced to sell today!!!Truly an out-performer in modern design, style and comfort this fabulous home offers any family the easy home lifestyle they always wanted. This must see 6 year old home offers: •4 generous bedrooms all with BIR’s •Master with full ensuite and WIR •Central kitchen overlooking open spaced lounge


Cranbourne $350,000-$365,000


residential

Derek Lea0412 204 036

28 Towerhill RoadQuick sale requested – Great opportunity on offerFirst time offered this Lucas Morris home is spacious and was ahead of its time, exuding a retro style with enough space for the whole family and designed to entertain, this well loved home will appeal to all, add the bonus of development down the track, the option is yours.


Frankston South $550,000

Badiha Cook 0438 352 456

Frankston South Offers invited over $669,000

Francis Walker0410 559 454

15 Jubilation CourtStunning, Deceptive & Very Family FriendlyThis exquisite 9 year old family sanctuary where attention has been paid to detailing is situated in a prime South Frankston location. The spacious master includes walk in robe and ensuite, all with quality fi ttings. The two other good sized bedrooms are carpeted, and have ample BIR’s.


Frankston South Offers Invited Over $560,000

Helen Short0417 558 226

60 Escarpment DriveModern and manicured family living on a large scaleJust on 7 years new, this low maintenance family home with 27 squares (approx) of living is situated on 580 sqm (approx) with manicured gardens in a quiet well established and exclusive Frankston South locale across the road from community reserves and walking tracks.


Frankston South $525,000 - $560,000

Ian Brook0407 132 844

11 Cabernet CourtFamily WantedThis family home is ideally located in sought after Frankston South. With easy access to both the city and the Mornington Peninsula, this is a great home in a court location. The home has 3 spacious bedrooms, study and large formal lounge. The hostess kitchen features stainless steel appliances.


Frankston south Buyer Enquiry Range $485,000 - $535,000

Janice Dunn0402 285 698

37 Gweno StreetWhen Position CountsTrue Oliver’s Hill, this charming cottage is screaming LOCATION! Sitting quietly behind an unpretentious exterior and in a prized tree-lined street, this quaint 3 bedroom plus attic home is only metres from the steps to the Frankston foreshore.


Frankston Offers invited over $320,000

Maryanne Cardillo0418 948 287

10 Karma CourtAttention! First home buyers and InvestorsThis pristine home is being offered for sale for the fi rst time in over 40 years. Located within minutes of specialty shops, cinemas, public transport, schools and a local milk bar within walking distance this home ticks all the boxes. Comprising: •3 large bedrooms with built-in robes •Formal lounge


Frankston North $284,950

Lilly Luculano0421 088 685

24 Longleaf StreetWhat A Beauty!Welcome to this stunning, character fi lled home located in a quiet pocket of the Frankston North area. Upon entry the sizable country style, “Blackwood” timber kitchen welcomes you and includes; dining space, upright chefs oven and separate air conditioner. This property offers a powered bungalow at the rear.


Peter Syle0409 722 505

22 Dalpura CircuitA little gem!What a great opportunity for fi rst home buyers and investors with interest rates on hold and stamp duty savings for those wanting to enter the market. Located in the popular Whistlestop Estate, this brick home on a good size block is well worth a close look.


Frankston $300,000 - $330,000


Rental Property and Negative GearingBy defi nition, negative gearing is where you borrow to acquire an income producing asset and the interest and other tax deductible costs you incur exceed the income you receive from the investment. Creating wealth through purchasing an investment property is a well established practice in Australia. The attraction of borrowing or ‘gearing’ is that you can invest in a property that might otherwise have been unaffordable. For individuals, the loss can also be offset against other assessable income and the tax benefi t will depend on your marginal tax rate. The Tax ConsequencesNegative gearing of a rental property can be complex. For example, some expenses are not deductible (stamp duty, initial repairs etc.) while other expenses such as borrowing costs and depreciation are generally claimed over a number of years. As such, the right taxation advice can nearly be as important as fi nding the right property. To broadly illustrate how negative gearing works let’s assume you buy a fl at or unit for $400,000 in your personal name and borrow $350,000 to fund the purchase. The funds

are borrowed at an interest rate of 8% and the weekly rent is $450 or $23,400 a year. Ongoing costs including agent’s fees at 7% of the rent, rates, insurance, repairs and maintenance and other expenses amount to say $6,400.This relatively simple example suggests, after expenses the net income for the year will be $17,000 ($23,400 minus $6,400), equivalent to a net rental yield of 4.25%. However, annual interest repayments are $28,000, so the tax deductible loss is $11,000 for the year ($23,400 minus $34,400 = -$11,000).Assuming you own the property in your own name, the loss will reduce your taxable income by $11,000 and if you had a taxable income greater than

$180,000 in the 2010 fi nancial year, the after tax cost of owning the property would only be $5,885 or $113.17 per week (based on a marginal tax rate of 46.5%). If you were on a lower marginal rate of tax of say 31.5% (including Medicare levy) the after tax cost would be $7,535 (or $144.90 per week).In short, if something has tax advantages it is for a very good reason. Negative gearing will build wealth for you if there is a steady price increase in the property market over time. Having a steady cashfl ow that can comfortably meet the gap is also important or you could fi nd you are over-exposed. Remember, the most common purpose of property is to create wealth. The cash fl ow of a property that started as negative will become positive gearing over time.

Your Real EstateLaw UpdateSponsored by Lisa Davies & Associated ConveyancingHello, I’m Lisa and I work at Lisa Davies & Associates Conveyancing. Welcome to my weekly article where you will fi nd some great hints and tips concerning the legals of buying and selling real estate. I would love to hear from you if you have any specifi c questions, please email me at [email protected]. This week’s topic is about getting access to your deposit money before settlement day. It’s not as straight forward as you think and you need to be careful especially if you buying another property. Section 27 - The Facts In most property transactions it is normal for a Purchaser to commit up to 10% of the purchase price which is the deposit. The concept of the deposit is to show the Vendor the Purchaser is serious about buying and they pledge a deposit to prove it.The following information details the process and highlights an underling fact your Vendor may not get their deposit released prior to settlement.Victoria law concerning deposit releaseVictoria has strict guidelines surrounding the release of deposit money held in either the real estate agent’s or conveyancer’s trust account. The law is known as section 27 deposit release and it details the guidelines of the process on how the deposit money may be released. The deposit cannot be released just on the Vendor’s request, irrespective if the Vendor wishes to use the money to buy another property.Frequently asked questions about deposit releaseWho gets the interest earned on the money held?The interest earned is placed into a separate trust which is like an insurance fund. Neither an Agent, conveyancer nor the Vendor can claim this interest. What is the process for the release?The conveyancer will prepare a section 27 statement which relates to the fi nancial position of the property. It will detail any mortgages or caveats (if any) and is in the form of a notice which is served onto the Purchaser of the property.The Purchaser has 28 days to consider the section 27 statement before allowing for the deposit to be released. If the Purchaser is satisfi ed with the details in the statement then deposit maybe released to the Vendor.

If the Purchaser objects to the release of the deposit they must have reasonable grounds to do so. This objection may simply be confi rmation of the section 27 statement details from the Vendor’s lender or there is a condition in the contract which allows the Purchaser a valid objection. If the Purchaser fails to respond to the section 27 statement within 28 days then the deposit maybe released after the 28th day from the notice being served.What if the Vendor needs the money for a deposit to purchase another property?The deposit can only used by the Vendor once it has been released. Upon its release the Vendor then can use it for a deposit on another property or any other purpose. This can cause a great deal of stress especially if the Vendor has committed to paying a deposit under a purchase contract. Lisa Davies & Associates Conveyancing can assist clients wishing to pay a deposit on a purchase contract upon the successful release of the deposit from their sale. Most agents will understand the position these clients are in and a well drafted Special Condition could see a contract being entered into and getting another sale over the line. However the offer may not be as strong in comparison to other offers with a ready cash deposit.Why does the Purchaser need to see the details of the Vendor’s mortgage?The Purchaser needs to be assured if the deposit is released then at settlement there will be suffi cient monies available to discharge the Vendors debts secured against the title. If the Vendor cannot demonstrate to the Purchaser their fi nancial position then most likely the deposit will not be released.Can an agent write a special condition releasing the deposit monies immediately?No, a special condition cannot be used to release the deposit. IMPORTANT THINGS TO REMEMBER ABOUT DEPOSITS• There are NO guarantees that the

deposit will be released prior to settlement. Even if there is suffi cient equity in the property and the Vendor has followed the correct section 27 release process.

• Before Vendors commit to buying another property speak to Lisa Davies & Associates Conveyancing and get free advice on how structure an offer dependent on the Vendor’s sale deposit release.

Legal QuestionsAsk LisaBest auestion of the month will be publishedEmail: [email protected]

How much notice is required (from a landlord) to vacate a property?There are several reasons a landlord can end a tenancy, but not before the end of the tenancy agreement. *Note the minimum notice required • The tenancy agreement has a fi xed term or

set end date that states the you have rented the landlord’s own home and the landlord will occupy it at the end of the tenancy agreement *14 days

• Planned reconstruction, repairs or renovations (for which all necessary permits have been

obtained) cannot be properly carried out unless the tenant vacates. *60 days

• The premises are to be demolished and all necessary permits have been obtained. *60 days

• The landlord wants to do something else with the premises (for example, use them for a business). *60 days

• The landlord, a member of the landlord’s immediate family (including parents and parents-in-law) or a dependant (who normally lives with the landlord) will be moving in. *60 days

• The premises are to be sold or offered for sale with vacant possession immediately after the termination date of the tenancy agreement. *60 days

• The premises have been sold and all sale conditions have been satisfi ed. *60 days

• A government authority owns the premises and them for public purposes. *60 days

• It is the end of a fi xed-term tenancy agreement of fewer than six months. *60 days

• It is the end of a fi xed-term tenancy agreement of six months or more. *90 days

• The landlord is a government housing authority and the tenant no longer meets its eligibility criteria. *90 Days

• No specifi ed reason, but not just because you, as the tenant, have been exercising your rights or saying you will do so. *120 days

Information provided by Consumer Affairs Victoria, more information available at consumer.vic.gov.au

Tips inaccounting

Property ManagementLEASING TIP #1

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The Frankston Community Fundis a charitable trust account set up for the Frankston community by Frankston City Council under the Lord Mayor’s Charitable Foundation Local Government Charitable Trust Account Scheme.

The aim of the charitable trust accountis to build capital that will grow in

perpetuity, generate interest and dividends and provide funding to support the work of local charities and community organisations through a grants program.

The Frankston Community Fund will commence a grants program in 2012.

There are many ways that you can

give or donate to theFrankston Community Fund.

You may choose to make an individual donation, initiate or participate in a workplace giving program, make a bequest or establish a commemorative or memorial sub-fund within the FrankstonCommunity Fund. As a business you can give to the Fund through sponsorship, event support

and workplace giving.

All donations to the Frankston Community Fund are managed by the Lord Mayor’s Charitable Foundation. If you want to make an individual donation you can do so online at www.lmcf.org.au and direct your donation to the Frankston Community Fund or by telephoning 03 9633 0000. If you would like to discuss any of the other options, please contact us at the Frankston Community Fund on03 9784 1764.

On thegrapevine

Eview Narre Warren

Community news

We are excited to announce the opening of our new real estate offi ce located in Verdun Drive Narre Warren.Opening in September it will offer the very best in residential sales, auctions, property management, fi nance, wealth management and an in-house training venue. Eview will boast the largest real estate complex in the City of Casey and is extremely proud of its state of the art venue along with its vibrant team of motivated and highly successful sales people.

Ian and his team have created a strong brand and a passionate culture which continues to achieve outstanding results through Melbourne’s South East growth corridor. It would be our privilege to assist you and provide you assistance with any of our property services.

Ian and his team can be contacted during business hours on8781-3888 or anytime on 0407 010 548.

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


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

Phone: ...................................................................... Postcode: ..............

Post your entry to: Eview Funtime Colouring Competition, 463 Nepean Highway, Frankston 3199

Entries Close 31st August 2011.

Colour me in to WIN a

Get to know...George FindikakisGe

With a background in the management and operation of over 25 fast food outlets, George Findikakis has brought to real estate the work ethics, management skills and high levels of service normally reserved for the hospitality industry. Combine this with a lifelong knowledge of the Frankston Peninsula region and a strong involvement in the local community and it’s not hard to see why George has achieved such

outstanding results for his clients.

“I look forward to the opportunities that lay ahead and believe that the Real Estate Space can only go up from here.

There has been so much change and the best is yet to come.”

When George isn’t busy listing and selling, he loves to spend time with his wife and two children and attend sports and social functions. George enjoys a game of golf, entertains and put on feasts for his family and friends.

“I hope you all enjoy my recipe for Lime Syrup Cake”

George’s Lime Syrup Cake350g Caster Sugar300g self-raising fl our90g desiccated coconutZest of 1 lime250g unsalted butter, melted2 eggs250 ml milk

FOR THE LIME SYRUP225g caster sugar185ml waterZest 1 limeJuice of 5 limes

METHODPreheat oven to 180’C. Lightly grease a 19cm square cake tin. Line the base and side of the tin with baking paper.Sift together the sugar and fl our and mix with the coconut and lime zest in a bowl. Stir in the butter.Combine the eggs and milk and add to the bowl. Mix until smooth.Spoon the mixture into the prepared tin and bake on a tray for 1 hour, or until a skewer put

into the centre comes out completely dry. If the top of the cake starts to brown before it is baked through, cover with some foil and continue cooking.Meanwhile, make the syrup. Put the sugar and water in a heavy based saucepan and stir over low heat until the sugar is fully dissolved.Add the lime zest and juice, bring to boil, reduce the heat and simmer uncovered for 8 minutes, then strain.Remove the cake from the oven and use a skewer to poke a few holes evenly over the cake. Slowly pour the hot syrup over the cake.Let it stand for about 20 minutes, or until the syrup has soaked into the cake, then turn the cake out onto a wire rack line with baking paper and allow to cool.

GEORGES 3 TIPS:1. Refrain from opening the oven door while

cooking. This will allow the cake to fully rise without dipping in the middle.

2. Pour the syrup while the cake is still hot to allow the cake to soak it up

3. Serve with a fresh Fruit Salad or fresh cream.

As a brief introduction, Poolside Frankston is a long established local pool shop. Establishedover 20 years, PoolsideFrankston has been Voted“Best Pool Shop in Victoria” in 2006, 2007 and 2010. Thisdemonstrates the level ofservice and knowledge that ison offer to our customers, oldand new.Located at 129 Beach Street(crn Royle St) with easyaccess, plenty of customerparking, our extended shopping hours are:8.00am – 5.30pm Mon–Fri9.00am – 4.00pm Saturday &10.00am – 4.00pm Sunday

Whether In-Store or On-Site ourfriendly experienced team canprovide:

✓ Free Computerised WaterAnalysis.

✓ Maintenance programs to suityour individual needs.

✓ All your pool and spa products,spare parts and accessories.

✓ Equipment advise, repairs,sales and installations.

✓ Regular on-site maintenance.

In fact, with our experience,professional and friendly serviceand advise, we can help with all your pool and spa needs!

Poolside FrankstonShop 1 129 Beach St

Frankston Ph 9770 [email protected]

Jeff’sHandyHintsEach edition I’ll give somegreat handy hints on keepingyour swimming pool and spaclean, clear and safe.I’ll also showcase the latest innovations to reduce your running cost and water savings.

$50 voucher

Knock Knock! Who’s there?

Cargo! Cargo who?

CarGo Beep Beep!

Knock Knock! Who’s there?

Cows. Cows who?

Cows go moonot who!!

Knock KnockWho’s There?

Boo.Boo Who?

Don’t cry, its only a joke!


RitaRita who?

Rita book, you mightlearn something!


LettuceLettuce who?

Lettuce in,its cold outside!


HeavenHeaven who?

Heaven you heardenough of these silly Knock-Knock jokes?

Knock KnockKnock KnockJokesJokes

Danger!! The most dangerous animal in

the world is the common housefl y. Because of their habits of

visiting animal waste, they transmit more

diseases than any other animal.

Fun FactsFun FactsDid you know that there are 206 bones

in the adult human body and there are

300 in children (as they grow some of

the bones fuse together).

Flea’s can jump 130 times higher than

Flea’s can jump 130 times higher than

their own height. In human terms

their own height. In human terms

this is equal to a 6ft. person

this is equal to a 6ft. person

jumping 780 ft. into the air.

jumping 780 ft. into the air.


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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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9785 9600• Packing of your personal belongings.

• Insurance for transport is included in allAnderson’s quotes.

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WE ARE THE ORIGINAL

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residential

Rosa Perna0421 021 506

24 Stevens RoadThe EntertainerThis fantastic four bedroom plus study property is now offered for sale. Main bedroom with full en-suite. A spacious kitchen with dishwasher, three living areas, ducted heating and split system cooling, open fi re and built in bar. Outside, extensive decking, double carport, inground pool and double garage.


Langwarrin $540,000 - $580,000

Stuart Aldridge0402 464 511

3/6 Erldunda CourtAn opportuntiy for all buyers!This perfectly located unit is within walking distance to Lilydale’s Main Street, schools, kindergarten, local parks and public transport. Quietly tucked away in a court location gives you that extra privacy and no through traffi c to deal with. The two bedroom unit is in fantastic condition throughout and very comfortable.


Lilydale $279,000

Sam Bucca0412 755 544

24 Plummer AvenueBlue chip location - red hot price. MAY BE INSPECTED AT ANY TIME.Situated on Oliver’s Hill in arguably one of Frankston South’s best addresses is where you will fi nd this original weatherboard cottage ready to be transformed. Literally within a stone’s throw to the beach and only a short walk to Frankston CBD the home is crying out for a makeover but is destined to shine again.


Frankston South $540,000 - $580,000

Stewart Montgomery0437 090 010

6 Gleeson CourtNest or Invest, Gold Rush!When selling a home presentation is everything & you can’t go past this beauty! Looking to downsize or for your 1st home or investment? Then look no further than this immaculate home situated in a quiet court in Langwarrin. Within walking distance to schools, shops & transport this is a well presented home.


Langwarrin Offers invited over $385,000

Summer Salvato0418 550 211

43 Avandina CrescentMust be sold at or before auction!A rare opportunity should not be passed by! This large, 5 bedroom home is sure to accommodate the whole family. Set in a convenient location to the Greensborough Bypass with leafy surrounds and an elevated position this fantastic property has a long list of features.


Greensborough Auction: Sat 13 August 2011 at 11.30am

Langwarrin Negotiations over $360,000

Lilly Luculano0421 088 685

Ash Marton0437 754 372

44 Anthony StreetEntertain in true styleIf quality and style is what you seek, then look no further as this home is sure to impress. Featuring: •3 large bedrooms (Master with private breakfast balcony) •Stunning chefs kitchen with quality S/S appliances & servery •L shaped lounge with dining area

visit: eview.com.au for inspection details1 -3

Langwarrin $340,000-$360,000

Jamie Universita0400 572 672

67 Turner RoadGreat place to call home...If you have been searching for a new start then look no further than this quietly tucked away home in leafy Langwarrin, it is just fantastic and is located on the boundary of Studio Park and at the end of Turner Rd, making it quiet and tranquil. Shops and transport are conveniently moments away.


Frankston South Offers over $540,000

Katherine Vasilopoulos0422 087 657

14 Woolmer CourtLarge home with all the comforts...Situated on a corner block in the ‘Tahnee Lodge’ estate this home will appeal to large or growing families. Offering great zoning and open plan living, it comprises of: •4 bedrooms with carpet and BIRs •Master with ensuite and WIR, separate from other bedrooms •Study with large bay window



residential

Peter Juraschek0418 319 080

1/1 Turnbull StreetBeachside BeautyThis stylish contemporary Single Level Townhouse is located within just minutes to Mornington’s fi nest beaches, main street cafes and boutique shops. Features include: •3 Bedrooms •Study •Master bedroom complete with en suite •2 Living areas •Main bathroom comprising of modern tones complete with bath


Mornington $640,000- $690,000

Sandra Bardebes0414 707 455

12 Buna AvenueBeachside beauty- priced to sellOffering 4 brms plus a study or 3 brms plus a study, 2 living areas and2 w/c, GDH, Ducted Evap Cooling also Ducted HRV Air Filtration System and boasts quality fi ttings throughout with a stunning custom kitchen incl. stone benchtops overlooking the central living area and Coonara Fire Place.


Seaford Negotiate over $465,000

Niels Jensen 0414 705 179

26 Currawong CourtWow, wow and more wow!This attractive brick veneer property on 809m2 approx features 5-6 bedrooms plus a study, 4 living areas including a large sunroom, ducted heating and cooling, new kitchen with granite benchtops and splashback, 2 bathrooms, huge undercover outdoor spa, bungalow, pagoda, plus plus plus.


Rosebud $569,950

Peter Hildebrand0407 335 841

51 Denholm StreetExcellent Value - Perfect PresentationImpeccable in every way, this 3 bedroom home has been designed for comfort. Ideal for retirees/ investors or fi rst home buyers seeking value for money. All the convenience of a Unit, with room in the garage for a full sized caravan and no Owners Corporation hassles. Featuring a low maintenance native garden.


Rosebud $440,000 - $475,000

Pakenham $359,950

Kylie Allsop0431 781 837

135 Blue Horizons WayBIG Home and GREAT Value!Situated in the Blue Horizons Estate this brand new home is now ready for its new owners and presents great value for money. Complete with inclusions that other builders call “extras”, this home won’t last long!


Seaford Offers Over $385,000

Nadia Monty0428 119 429

2/2 Bellevue Crescent**ATTENTION FIRST HOME BUYERS, BUY NOW AND SAVE THOUSANDSON STAMP DUTY**Under construction is this Thomas Anderson designed stand alone unit on a block of two (rear unit). An ideal investment or the perfect fi rst home. This well positioned unit is within minutes access to Eastlink Freeway and shops.


Aviva Wolf0433 923 332

1/13 Lucerne AveLuxurious Beleura Hill single level townhouseWith a contemporary facade & bright airy centralized open plan living concept the key focal points, modern living will be a dream in this 16 month old free standing street fronting beach side home. Anchored by spacious well appointed designer kitchen with European stainless steel appliances.


Mornington $590,000 - $625,000

Bianca Peters0412 929 429

2/148 Barkly StreetHarbour ViewsEnjoy endless harbour views from this architectural cutting edge townhouse designed to capture both light and views from all aspects of the home one of only three on the block hidden behind automated gates for the highest sense of security and privacy. Set on 3 levels this home will captivate you.

visit: eview.com.au for inspection details2 3a3

Mornington $1090,000-$1,190,000


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

If you are about to sell your home or investment property you’re probably wondering how best to present it. Property styling is one excellent way to radically improve your home’s prospects for selling as fast as possible for the highest price.

It also allows you to create the ‘wow’ factor in your home that will leave a lasting impression upon buyers.

Regroup Enterprises is one of Victoria’s most reputable property styling services. They offer complete home staging solutions tailored to the unique needs of each property. They are the smart choice for home-owners and property developers intending to add value to their property.

Whether you’re a residential homeowner planning to sell, a property developer trying to reach a particular market or just someone who wants to spruce up their living space, interior designer Kym Smirnoff has the expertise to reinvent and restyle your property so it’s dressed to impress. Conventional property stylists often insist on a total replacement of the client’s furniture and accessories while ReGroup Enterprises strive to use as much of their client’s own furniture to achieve the end result. They cleverly de-clutter and reposition the existing furniture and dress this with fashionable accessories.

ReGroup, unlike some other stylists, can also provide a full end-to-end property styling make-over. This can include; gardening, handyman services, painting, packing, cleaning and the very best styling. In other words, ReGroup can have you place looking immaculate from start to fi nish.

A common misconception with property styling is that the cost is prohibitive. Generally this is not the case. Although it does depend on how far you take your home makeover, a good indication of the average price is somewhere between $750 - $2000. Poor property presentation can often be attributed for disappointing offers $20,000 - $40,000 below the asking price. Professionally styled homes regularly attract multiple competing buyers making a ReGroup restyle one of the smartest moves you’ll make. The results are sure to impress.

Patterson Lakes 3197P tt

MarketSnapshot

It is traditionally the case that auction volumes reduce over winter in Melbourne and that is expected to be the case again this year.Many people prefer to sell in spring–summer: the weather is better, houses and gardens can be more inviting – and auctions are very much a part of Melbourne at that time of the year.It is interesting to note that while there are fewer auctions, the clearance rate has not often differed substantially between winter and the spring selling season. In 2010 the clearance rate in winter was 68 per cent compared to 63 per cent in spring-summer. There were 647 auctions per weekend in winter and then 778 auctions per weekend in spring–summer. The winter months last year

saw an unseasonably high volume of auctions.In 2009 the clearance rate in winter was 85 per cent compared to 82 per cent in spring-summer. From a volume perspective, there were 419 auctions per weekend in winter and 679 auctions per weekend in spring–summer.In 2008 the clearance rate in winter was 63 per cent compared to 59 per cent in spring-summer, with an average of 456 auctions per weekend in winter and 663 auctions per weekend in spring–summer.Finally, in 2007 the clearance rate in winter was 85 per cent compared to 81 per cent in spring-summer, with an average of 554 auctions per weekend in winter and 790 auctions per weekend in spring–summer.With this recent history in mind, it is important to remember that your selling real estate agent will be best placed to advise you on the optimum time to sell your home. They will be able totake into account local demand and supply conditions to suit your needs and devise a marketing campaign to maximise the outcome for you.

Winter orspring?

EnzoRaimondo CEO REIV

Patterson Lakes is a suburb in outer south-east Melbourne, Victoria, Australia, and is located 35 km south-east of Melbourne’s central business district. Its Local Government Area is the City of Kingston. In the 2006 Census Patterson Lakes had a population of 7,235 people.[2]

Patterson Lakes consists predominantly of new houses. Patterson Lakes is home to the most popular boat launching facilities in Victoria. The Patterson River is a popular portal for Port Phillip. It includes four public launching ramps; joins the Tidal Canal system to Port Phillip; and includes the Patterson Lakes Marina and its facilities in Middle Harbour and Inner Harbour.[3]

Patterson Lakes offers a unique waterfront lifestyle opportunity you could only dream of less than 45 minutes to the CBD and now the East Link Freeway is complete it is believed prices will rise and with its array of properties and prices it allows many to enjoy the holiday atmosphere. People are truly amazed when they inspect properties in Patterson Lakes as many think of it being only lakes. The three lakes and and the canal system with boat moorings and access to Port Phillip Bay blows people away. [26] Most waterfront properties cost $1,100,000 plus, with some houses priced up to $4,000,000. Harbour Town is the most affordable section of Patterson Lakes, as it is located on the fringe of the suburb where the majority of properties do not have views of the water.

Number of houses/units....................................................................................3883/1564

House/unit sales- last 12 months .................................................. 143/23

Highest price paid- last 12 months ........................................$1,670,000

Lowest price paid- last 12 months ................................................$93,000

Source: Wikkipedia, Domain.com.au


April-May-June 2011Property Address Suburb Sale Price

Iluka Avenue Aspendale $660,000

Helm Street Aspendale $785,000

Albany Crescent Aspendale $690,300

Birdwood Street Aspendale $700,100

Neilson Street Bayswater $300,665

Buchanan Road Berwick $575,000

Florence Avenue Berwick $410,000

Florence Avenue Berwick $400,000

York Street Bonbeach $380,000

Penrith Street Boronia $570,000

Rangeview Rd Boronia $400,000

Station St Carrum $400,000

Station Street Carrum $434,000

Station Street Carrum $450,000

Lyrebird Drive Carrum Downs $340,000

Ballarto Road Carrum Downs $365,000

Woodvale Drive Carrum Downs $330,000

Sky Way Carrum Downs $370,000

Paddington Avenue Carrum Downs $285,000

Herbert Road Carrum Downs $287,500

Carrington Cres Carrum Downs $370,000

Rundle Drive Carrum Downs $465,000

Ella Grove Chelsea $435,000

Thames Promanade Chelsea Heights $317,000

Clarood Crescent Chelsea Heights $407,550

Enterprize Avenue Chelsea Heights $550,000

Manton Road Clayton $565,000

Mater Street Collingwood $780,000

Spring Water Crescent Cranbourne $415,000

Durnoch Place Cranbourne $410,000

Maltravers Crescent Cranbourne $298,500

Norman Road Drouin $259,950

Berry Avenue Edithvale $525,000

Keith Avenue Edithvale $660,000

Laurel Lane Emerald $1,060,000

Fulham Court Endeavour Hills $343,000

Yuille Street Frankston $728,000

Warrawee Circuit Frankston $385,000

Manorwoods Drive Frankston $500,000

Grimwade Crescent Frankston $377,000

Logan Street Frankston $303,000

Benong Place Frankston $377,500

Drum Close Frankston $300,000

Skye Road Frankston $307,000

Cambridge Street Frankston $390,000

Boree Court Frankston $345,000

Cambridge Street Frankston $403,000

Orwil Street Frankston $295,000

Karingal Drive Frankston $277,000

McMahons Road Frankston $345,000


Wave Street Frankston $320,000

Frank Street Frankston $395,000

Leonard Street Frankston $378,000

Burnett Crescent Frankston $555,000

Koala Court Frankston $590,500

Taketa Crescent Frankston $306,000

Madeira Court Frankston $320,000

Lochaber Avenue Frankston $363,500

Wave Street Frankston $320,000

Benong Place Frankston $348,000

Heatherhill Road Frankston $420,000

Leonard Street Frankston $490,000

Wangarra Road Frankston $340,000

Jerome Court Frankston $457,500

Lardner Road Frankston $204,000


Hillcrest Road Frankston $400,500

Inglenook Crescent Frankston $385,000

Samantha Court Frankston $351,000

Meerlu Avenue Frankston $375,000

Fairway St Frankston $215,000

Wynden Drive Frankston $360,000

Lipton Drive Frankston $385,000

Caley Street Frankston North $299,500

Alpina Street Frankston North $325,000

Indigo Court Frankston North $260,000

Caley Street Frankston North $325,000

Wirilda Crescent Frankston North $265,000

Bouvardia Crescent Frankston North $283,000

Hoya Crescent Frankston North $273,000

Mitre Crescent Frankston North $270,000

Manuka Court Frankston South $600,000

Salina Court Frankston South $277,500

Culcairn Drive Frankston South $370,000



Eumeralla Court Frankston South $735,000

Mountain Avenue Frankston South $780,000

Rocklodge Court Frankston South $1,025,000

Warringa Road Frankston South $455,000

Wandana Court Frankston South $1,200,000

Filigudi Court Frankston South $495,000

Colbert Court Frankston South $542,500

Ungarie Court Hampton Park $305,000

Main Road Hepburn Springs $410,000

Main Road Hepburn Springs $270,000

Laura Road Knoxfi eld $535,000

Alexandra Court Knoxfi eld $540,000

Kuranda Street Langwarrin $382,000

Red WattleBird Crescent Langwarrin $711,000

Sycamore Street Langwarrin $360,000

King Orchard Drive Langwarrin $610,000

Sundew Drive Langwarrin $605,000

Beckenham Place Langwarrin $350,000

Robinsons Road Langwarrin $1,340,000

Tambo Court Langwarrin $355,000

Ash Grove South Langwarrin $325,000

Trinity Drive Langwarrin $500,000

Ruth Road Mornington $950,000

Napier Street Mornington $347,500

Netherclift Court Mornington $447,500

Port Phillip Drive Mornington $507,500

Outlook Court Mornington $495,000

Mitchell Street Mornington $550,000

Karina Street Mornington $360,000

Freelands Drive Mt Eliza $925,000

Bareena Drive Mt Eliza $815,000

Wiringa Crescent Mt Eliza $540,000

Eumeralla Grove Mt Eliza $580,000

Wiringa Crescent Mt Eliza $550,000

Seahaze Court Mt Eliza $887,000

Suffolk Crescent Mt Martha $405,000

Bradford Road Mt Martha $850,000

Kurrajong Road Narre Warren $362,000

Stratharid Drive Narre Warren South $387,000

Mardion Drive Nunawading $495,000

Luntar Road Oakleigh South $483,000

Warren Road Parkdale $450,000

Harbour Drive Patterson Lakes $340,000

Northshore Drive Patterson lakes $705,000

Merilyn Way Rosebud $405,000

Victoria Street Safety Beach $481,000

Tulloch Drive Sandhurst $552,000

Bayside Grove Seaford $406,000

Claude Street Seaford $256,000

Seaford Road Seaford $258,000

Webb Street Seaford $300,000

Wunalla Road Seaford $452,500

Bardia Avenue Seaford $650,000

Nepean Highway Seaford $496,000

Marion Street Seaford $401,000

Arthur Court Skye $367,500

Blacks Camp Road Somerville $228,000

Loch Lomond Crescent Torquay Sands $613,000

Team eview Sales Results


call 1300 4 eview today

marketing report and appraisal

your property

property management

It is all about maximising ��

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sharing valuable information.

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Handy tips on how to make ‘your home, their ��

Eview Real Estate Partners are intent on forming strong

relationships, happy to share our local knowledge

and experience, helping you where we can

If you would like any of our 3 current booklets

delivered free of charge, please contact us

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Handy tips on how to prepare your property for lease, to maximise your ��

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Current market information and an obligation-free appraisal, prepared on request.


eview.com.au always open.

‘internet marketing clearly brings the strongest form of enquiry.

look no further for maximum exposure.’

�� it at Eview. Open 24/7.

There is an art to making sure your property

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achieve their property goals in the last 12 months.

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maximum results through great exposure.

Call now to ask us how on

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property management

0419 577 700

Cheryl Keher Owner / General Manager

[email protected]

�� 8781 3888

We have a dedicated property management team

ready to protect your asset maximise your income.

�� a highly experienced team��to effectively manage your property.

Call Cheryl or Lainie today.

‘your property. our responsibility.’

regain control.��

If you are considering leasing your property ��

0468 938 682

Lainie Cashman Rental Department Manager

[email protected]

Chelsea office: 8773 1888

Frankston South $350 per week


Cheryl Keher0458 550 169

8 Watson StreetLooking for something a little different?Character fi lled home on generous nature lovers allotment.

Seaford $309 per week


Branka Jevtic0458 550 169

16 Hannah StreetWell located family homeLounge with reverse cycle air conditioner, kitchen with dining area, electric oven and hot plates, dishwasher, rangehood and 1.5 bowl sink.

Frankston $320 per week



9 Hope CourtCharming referbished family homeEverything you need with this 3, possibly four bedroom home.

Frankston $600 per week



4 Melville AvenueHuge and luxurious, so private and close to everythingThis 40 sq home features 5 bedrooms plus study andlots of luxury.

We have a dedicated property management team

ready to protect your asset and maximise your income.

If you are considering leasing your property

in the future, or you are not 100% satisfi ed with your

current situation, regain control today with eview.

Seaford $600 per week


Lainie Cashman 0468 968 382

23 Bainbridge AvenueA testament to beachside quality and classThis stunning residence exudes timeless quality in palatial space.

Chelsea $390.00 per week


Lainie Cashman0468 968 382

3/57-59 Golden AvenueGolden OpportunityBrand new and gorgeous 2 bedroom unit located walking distance to the crystal waters of Chelsea Beach.

Edithvale $480 per week



75 Keith AvenueThree Bedroom HomeSituated close to Edithvale Station and the beach is this large family home. Comprising of three spacious bedrooms.

under

applicatio

n

Aspendale $375 per week



2/102 Station StreetPosition Perfect with a Lifestyle of Convenience!Fantastic two bedroom home only a short stroll to the beach, shops and train station.

Documents

The Melbourne Preview August 2011