4 Parry Drive Narre Warren **Auction**

Mortgagee Auction

This Saturday the 18th April 2009 at 1.00pm I will be calling the Auction for 4 Parry Drive in Narre Warren- It is building up to be another fast paced bidding frenzy! With a number of bidders trying to make their dream come true and own their very own piece of Australia. This fantastic ex display home has all the modern tones and design and is sure to be a winner. Hope to see you on the day!

For More details click on the photo above.

Have a Fantastic Week

Brad

Tips For Bidding At An Auction Part 1

If you are going to attend an auction to bid for a property, there are some routine things you need to do on the day, before the auction begins.

*Arrive in sufficient time beforehand for a final walk-through of the property and to allow you to check the contract, vendor’s statement, information about auctions and the auction rules, which will all be on display.

*If you have any questions, do not be afraid to raise them with the auctioneer before bidding starts. One of the rules is especially important in today’s auction climate when many properties are passed in and sold shortly afterwards. This rule says if a reserve price has been set – invariably this will be the case – and the auctioneer passes the property in below that price, the owner will first negotiate with the highest bidder for the purchase of the property.

*If you have participated in the bidding or have been sitting back watching how it is progressing, and the auctioneer announces the property is going to be passed in, it is a good strategy at this point to bid up to obtain the right to “first negotiate” with the owner.

Look out for more of my Auction Tips in the near future.

Have a Fantastic Week

Brad

First Home Buyers Grant-Boost

Boost for First Home Buyers

Following a large amount of interest in the actual amount of the grants on offer and what they have been in the past I have updated you all with the latest information from the State Revenue Office.

Harcourts Narre Warren South has a number of New Homes and Established homes available to purchase your very own piece of Australia!!

The Federal Government has announced significant increases to the Grant available to first home buyers. The new measures now bring the total available to those buying a newly constructed home to $26,000 increasing to $29,000 in regional Victoria (subject to certain requirements).

First home buyers purchasing an established home will now be entitled to $14,000 increasing to $17,000 (subject to certain requirements).

First home buyers will be eligible for the new additional assistance for contracts entered into from 14 October 2008 to 30 June 2009.

More than 150,000 first home buyers are estimated to benefit from the time-limited scheme.

Under the First Home Owner Boost:

• First home buyers who purchase established homes will receive an extra $7,000 to take their total grant to $14,000; and
• First home buyers who purchase a newly constructed home will receive an extra $14,000 to take their total grant to $21,000.

The Rudd Government will invest around $1.5 billion in the housing market over 2008-09 and 2009-10 through this initiative.

In addition to these amounts, first home buyers may also be eligible for a further bonus (subject to certain requirements). Please refer to the table below for further information.

Contract Date	Conditions	First Home Owner Grant	New First Home Owner Boost	First Home Bonus #	First Home Owner Regional Bonus #
From 14 October 2008 to 30 June 2009 *This information has been taken from the Prime Minister’s Media Release dated 14 Oct 2008. This information is subject to formal approval.	Established homes only	$7,000	$7,000	$3,000	$0.00
	Newly constructed homes in Metropolitan Victoria only	$7,000	$14,000	$5,000	$0.00
	Newly constructed homes in Regional Victoria only	$7,000	$14,000	$5,000	$3,000
From 6 May 2008 to 13 October 2008	Established homes only	$7,000	$0.00	$3,000	$0.00
	New homes in Metropolitan Victoria only	$7,000	$0.00	$5,000	$0.00
	New homes in Regional Victoria only	$7,000	$0.00	$5,000	$3,000
From 1 January 2007 to 5 May 2008	Established homes only	$7,000	$0.00	$3,000	$0.00
	New homes only	$7,000	$0.00	$5,000	$0.00
From 1 January 2006 to 31 December 2006	Established and New homes	$7,000	$0.00	$3,000	$0.00
From 1 May 2004 to 31 December 2005	Established and New homes	$7,000	$0.00	$5,000	$0.00

# Additional Condition: To be eligible to receive the Bonus and Regional Bonus, the value of the property must not exceed $500,000.

Comment: The information provided in the above table is to be used as a guide only.

Click here for detailed information on the First Home Owner Boost Scheme.

What is Your Home Worth?

Great question? The Herald Sun has once again published its list of hits and misses in the property market on the highs and lows of everyday mums and dads homes or that investment property you keep a hawk like eye over.

The results for Narre Warren South are in!

2003 Median Price: $270,000

2007 Median Price: $315,000

2008 Median Price: $355,000

1 Year Change: 12.7% +

5 Year Change: 31.5% +

WOW, what a fantastic return on your investment with a home in Narre Warren South.

Hope this will bring a smile to your face

If you would like to have a private confidential chat about your homes current market value please feel free to contact myself anytime:

brad.ryan@harcourts.com.au

www.bradleyryan.harcourts.com.au

03 9705 3000 / 0412 889 895

Brad.

Hello world!

First blog on its way!!