Newsletter May 09
Whilst the auction market continues to produce healthy clearance rates in the mid seventies it is the private sale market that is exceeding expectations.
This is due to the fact that the median price of a house sold by private sale is lower than those sold at auction indicating that buyers in the middle and affordable segments of the market are dominating residential property sales.
The REIV March quarter figures show a 3.1 per cent decline in the Melbourne median house price, highlighting the impact of the slowing economy and importance of the financial assistance to first home buyers.
It is clear from the figures that the first home owner’s financial assistance has been critical in driving demand for housing over the last few months. The fact that 15 of the 20 top growth suburbs for the quarter have a median price of under $500,000 is a sign of first home owner activity as the maximum grants are only available for homes under that value.
From an overall perspective there is no doubt that the long term strength of the local property market will be influenced by the health of the economy and given that the first home owners grant is still with us it should stay steady.
And a quick look at the rental market from the REIV’s March rental vacancy figures, Melbourne is still in the middle of the tightest rental market for a quarter of a century and the extension of the bonus will help renters purchase their first home.
In March the rental vacancy rate for Melbourne remained static at 1.4 per cent indicating that in combination with the increasing population there is strong underlying demand for housing. We hope more renters take the step into ownership.
For any help and advice on any real estate matter, call me today on 0418 313 299
OFFERS TO MY CLIENTS
Take your pick
When I sent out a message asking that we pool our resources and help and assist each other I was confident that the generosity of people would show through.
So here are some fantastic and diverse offers for you and you must mention this newsletter to receive the discounts etc……..
PHOTOGRAPHY
For a great deal on:
•Web site and Promotional photography/Corporate Functions
•Real Estate
•Childrens Sports, Action Photography
•Families, traditional portraits or families at play.
• General Photography
•PAWTRAITS Animal Photography
Go to http://www.lifethroughalens.com.au
or call Michael on 0438 344 955
CORPORATE FUNCTIONS
Corporate suite packages to watch AFL matches
Includes; .
Ticketing for 14 – 20 guests at the MCG .
Ticketing for 12 – 14 guests at Etihad Stadium .
Theatre style seating with sliding windows
Black Tie waiter service
Gourmet grazing menu
Afternoon tea or supper
Selection of premium Australian beer, wine and soft drinks
TV monitors
Fully inclusive package for MCG – $345/pp
Fully inclusive package for Etihad Stadium – $295/pp
Entertainment Consulting Group
Level 11, 380 St. Kilda Rd, Melbourne
T: (03) 9941 3127 F: (03) 9696 1553 E: richardmaloney@ecgroup.net.au W: www.ecgroup.net.au
BUILDER
Preferred Properties P/L as a premium new home builder is extending an offer to friends and clients of It’s a Breeze
If your looking at building a new home then this is an offer you should not pass by.
Call Arthur on 0409 171 133 to discuss what Preferred Properties P/L can do for you.
BEAUTY PRODUCTS
I have samples of hand cream (EMPASSION) that are on offer to your customers and clients.
The website is: www.empassion.com/micheleflamercaldera
BATHROOMS
Mode Developments (Vic) Pty Ltd T/AS Mode Bathrooms
For the months of May & June, I will take $400 OFF any successful Renovation quote for the following.
Bathroom, Kitchen or Laundry, Verandah or Deck (Steel or Timber)
Ryan Goodwin 0409 229 040
Real Estate Offer –
We have re-branded and are now a Woodards office.
It would be nice if you could make mention of this re-branding and as an introductory offer I am happy to offer 15% off any negotiated commission for an exclusive agency agreement in Waverley. ( Glen, Mount, Mulgrave, Wheelers hill, Ashwood, Burwood )
Scott Vass Auctioneer/Senior Advisor
Level 1, 264 Stephensons Road Mount Waverley 3149
P 9830 8000 M 0411 744 776 E svass@woodards.com.au
WEBSITES
An offer of free websites to clients of It’s a Breeze. Simply self-register at: http://melbournecommunities.org.au/registration.html
We train you to administer a community website, and to act as a social catlyst to create activity and opportunity for you, your website users and the broader community you live in.
Rod Paddick RPDesign Pty Ltd
Phone: (02) 6494 3113 Mobile: 0401 048 357
www.rodpdesign.com.au
SECURITY SYSTEMS
Installation and Service of Security Alarm Systems.
Installation and Service of Telephone Systems for Business/
Commercial/Residential
Installation of Computer Network Cabling Cat-5e + Cat-6e
Installation Of Bosch CCTV. Digital TV Intercom Systems.
10% Discount to It’s a Breeze customers
Glaxton Communications
Mobile 0418 176501 email Glax@Bigpond.net.au
ACA Licensed – Security Licensed
VALUE-PACKED MEDIATIONS
Price includes: All preparation including reading materials, consulting with parties’ practitioners, pre-mediation conferences, position summaries, scheduling, formal documentation AND venue!
Price is $880 (incl gst) for half days and $1540 for a full day
…and when not mediating, Peter remains available for collaborative and traditional legal services at competitive rates.
Peter Lustig
108 Gardenvale Road Gardenvale 3185; ph 9596 6888; 0407-196 669; psl@peterslustig.net
Collaborative practitioner – mediator – lawyer
10% off DOG GROOMING & PREMIUM PET FOOD
Rollover Beethoven Dog Grooming Salon
1152 Burke Road, North Balwyn
03 9859 0999
marie@rolloverbeethoven.com.au
FINANCE NEWS
Interest rates at an all time low
The economic downturn is providing a much needed respite in interest rate movements. While property owners around the country are rejoicing about the interest rate cuts dropping to a 49 year low, it maybe worthwhile considering whether you can add a little bit extra on top of your current repayments or maintain your repayments at the previous amount.
Any extra money per month to repayments now, will impact on the total interest and time spent repaying the loan, as well as being a great way to be prepared for the future.
It could also be a good time to reassess whether your current home loan is the most suitable product for you and if you are uncertain, I can compare your current home loan against the myriad of loan products on offer to see if your home loan still meets your needs.
For a ‘Home Loan Health Check’ call me today on 0418 313 299
Credit policy too tight
The government should be insisting banks loosen their credit policies, said Firstfolio CEO Mark Forsyth.
“It’s a little bit risky, but if the government wants to get momentum back into the market, it should tell banks to stop tightening credit. After all, it’s guaranteeing the funds.” he said.
According to Forsyth the government’s role is to solve the problems plaguing the market and not to ‘prop up’ banks.
“The government should assess what each banks’ lending criteria is,” he said. “Lenders shouldn’t be allowed to just sit on the money and make their results look good.”
I hope you enjoyed this newsletter. Please email any comments or suggestions and feel free to forward this to any friends.
Till next time
Regards
Bertram Daniel
0418 313 299
bertram@bertramdaniel.com
www.itsabreeze.com.au
