CY Magazine - Issue 100

PERTH’S BEST PROPERTIES FOR SALE OR LEASE

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26 May 2018 / Issue 100

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CY Magazine is delivered FREE to 85,000 homes

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08 9385 5559 / www.capornyoung.com.au

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

CREATING AN UNFAIR ADVANTAGE As we celebrate the 100th edition of CY magazine, I have taken the opportunity to reflect on our ´Why´.

Why print a glossy real estate magazine every fortnight? Why go to the effort and the expense, enlisting hours upon hours of our team’s time and professional resources to publish it at all?

It´s simple, really. Our ´Why´ for the creation and massive investment in the magazine today is exactly the same as it was back when we first created the magazine: to provide our clients and their property with an unfair advantage.

Our clear mandate with CY magazine is to give our clients an unfair competitive advantage in the marketplace, by exposing their properties to a broader qualified audience. It´s as simple as that.

CY Magazine is a high quality publication,

showcasing high quality properties, and it’s delivered to 85,000 homes and businesses each fortnight. We know - and we have case studies to prove it - that having your property in the CY Magazine will attract more buyers and tenants.

More buyers and tenants translates to more competition for your property, and more competition means a better result for you.

CY Magazine is published by: Caporn Young Estate Agents Pty Ltd - Claremont Head Office 4/355 Stirling Highway Claremont, WA 6010 For advertising or other enquiries, please contact Patricia Cheah on (08) 9385 5559.

Design by: Alex Zavros CY Magazine is distributed free of charge to the shaded areas below:

Not only does CY magazine draw in more competition, but it attracts that specific type of premium buyer and tenant who is likely to fall in love with the right property and perhaps pay a premium to secure it. It also lands in the hands of ´passive buyers´, comprising 20% of the marketplace. They are people who are not necessarily in the market to buy, however, when they see their dream home in the pages of CY Magazine, they´re motivated to take action.

We hope you find valuable content in this issue, and enjoy browsing the magnificent properties for sale in our 100th edition of CY Magazine.

No other agency can put your property into 85,000 potential buyer’s letterboxes every other week.

MARKET NEWS CELEBRATING OUR 100TH ISSUE! As we celebrate our 100th issue, it’s hard to believe that four years have passed since we relaunched CY Magazine into the Perth market.

Some of you may be surprised to know that the magazine has actually been published for 17 years! Formerly called Highlights Magazine, it was produced on a smaller version – both in size and distribution – before we relaunched in its new and improved format on March 1, 2014, with the new name of CY Magazine.

Our re-launch issue featured a stunning brand-new riverside home in Bicton, designed by architect Mark Rietveld for Giorgi Exclusive Homes, and that beautiful piece of real estate has set the tone for what was to come.

Also in that first issue, we showcased luxury properties in Applecross, Doubleview and Cottesloe, which our agents had the pleasure of selling.

Back then, we were distributing 68,000 copies twice per month, but by our 23rd issue in January

2015, distribution had grown to 85,000 per fortnight. To date, we have distributed more than 8 million copies of CY Magazine to residents in Perth’s premium riverside and coastal suburbs – This is the largest distribution of a real estate magazine by a Real Estate Company in Australia.

Much has changed in the Perth property market during that time.

When the glory days of the mining boom came to an end, a slowdown in population growth and an oversupply of homes meant prices took a real hit. Around 46,000 mining jobs were lost in WA between 2013 and 2015, spelling disaster for the state’s economy and sending many homeowners and investors into a tailspin. The tens of thousands of workers who flocked to Perth during the mining heyday were now represented in the unemployment statistics.

In 2015, Perth homes dropped in value by an average of 4 percent,

Past cover of CY Magazine featuring Sir David Attenborough

while in 2016 they lost an average of 3.5 per cent. However, things began to turn around in 2017, with values dropping just 2.3 per cent, and many experts are confident the market has now bottomed out.

Things are finally looking up for Perth real estate, with 2018 shaping up to be the most positive of the past few years. Both REIWA and the Housing Industry Association have noted an increase in residential building, and they predict this upswing will continue. With The Chamber of Commerce forecasting that our state’s economy will grow by almost one full per cent this year, and 2 per cent in 2019, it certainly seems like the worst of the slump is behind us.

There’s also good news for investors, with vacancy rates down to 5.3 per cent, the lowest they’ve been since June 2015. With the markets in Melbourne and Sydney coming off the boil, it’s likely that interstate investors will turn to Perth as an affordable alternative.

In amongst all of this changing market activity, CY magazine has remained a constant. To this day, it is the only free, real estate publication that has such a broad reach, and is produced entirely in-house by our team of local market experts.

March 1, 2014 cover of the relaunched CY Magazine

We are proud of how far we have come over the past 100 issues, having covered some of the most fascinating and extraordinary properties in Perth.

Research shows that an effective marketing campaign has a blend of

interment and print marketing with reach and frequency and this blend is what produces significant better results for our clients.

‘To this day, it is the only free, real estate publication that has such a broad reach, and is produced entirely in-house.’

It’s with this positive outlook that we welcome you to our 100th edition of CY Magazine – many thanks for the support, and here’s to the next 100 issues!

O FF ER S 9385 5559 /

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BLUE CHIP TOURISM BUSINESS 4.6535

CARNARVON WINTERSUN CARAVAN & TOURIST PARK Ideally situated within north-west Western Australia´s Gascoyne Region, Wintersun Caravan and Tourist Park lies on 4.6535 hectares.

A significant investment opportunity to capitalise on an established business: offered as going concern, licensed for 163 short stay powered caravan sites, 18 chalets/cabin, associated business operations included.

As a well-established business enjoying strong cash flow, top-rated tourism performer Wintersun Caravan and Tourist Park generates sufficient income to be owned and managed remotely by a syndicate or independent investor.

Featuring extensive improvements, opportunities for growth exist to build on an already profitable business with strong systems and procedures in place.

Wintersun offers a diverse product mix to suit a range of budgets, ages and demographics in a lovely parkland setting.

OFFERS All offers presented Thursday, 21st June at 4:00pm VIEW Visit capornyoung.com.au for times

PHIL HAYES 0420 200 773 phil@capornyoung.com.au

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AU CT IO N

SIMPLY REDECORATE OR FULLY RENOVATE 160 BURKE DRIVE You may be thrilled to discover that the largest room in this spacious home is the room for improvement! This quality family home has both the potential and space for you to realise your renovation dream or if your real estate makeover goals are more modest, move in today and live by the river.

On site, Saturday 23rd June at 12:30pm Visit capornyoung.com.au for times

0417 185 706 lara@capornyoung.com.au

0402 456 485 adam@capornyoung.com.au

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UNIQUE OPPORTUNITY

120 MARINE PARADE You can´t get more Cottesloe than this extraordinary beachfront site, where the relaxed seaside atmosphere spills into the excitement of development potential. The existing building offers excellent holding income, with the opportunity to develop a new foreshore landmark with ground-floor commercial/retail and four storeys of luxury apartments.

0413 984 569 steven@capornyoung.com.au

0412 385 056 richard@capornyoung.com.au

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BLISSFUL RETREAT IN PRIZED DALGETY ST 63A DALGETY STREET Located amongst a streetscape of wonderful character homes, this sublimely restored heritage home welcomes endless natural light against an ethereal backdrop of white painted floorboards, high ceilings, leadlight windows and french doors. This generous, understated family home is pure, unadulterated style while still allowing for an opportunity to add further value.

All offers presented by 31st May at 6pm (unless sold prior) Mondays & Thursdays 5:00 - 5:30pm

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

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LUXURY APARTMENTS ONLY 5 REMAINING 40-42 DUKE STREET With the creation of the new Brush Apartments, it´s now possible to have the comfort and ease of modern apartment living in one of East Fremantle´s most desirable heritage precincts. On Duke St, at the top of George St, choose from two or three-bedroom apartments created with heart, quality and style.

From $679,000 - $999,000 Visit capornyoung.com.au for times

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

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AU CT IO N

LUXURY TOWNHOUSE WITH LOFT VIBES 26 ST PETERS ROAD Quietly set amongst a boutique block of townhouses, this private survey strata residence has just been fully refurbished with the ultimate contemporary finishes. Metres from both George Street and Richmond Quarter’s cafes, shops & bars it boasts a prized vantage point in this highly sought after enclave.

On site, Saturday 2nd June at 10:30am Visit capornyoung.com.au for times

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

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A MODERN CLASSIC

119 LISSADELL STREET Clean, simple lines and uplifting light-filled interiors create a timelessly elegant look throughout this unique David Hillam-designed home, complemented by landscaped gardens and a stunning pool and alfresco area.

Visit capornyoung.com.au for times

0408 370 809 helen@capornyoung.com.au

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INVITING COTTAGE WITH CHARM 6 CHALMERS STREET Immaculately maintained and presented, this home has a striking street presence complimented by the architectural hallmarks of its era. High ceilings, large bedrooms with original ceiling roses and jarrah floorboards. Walk to schools, parks, cafes, shops and the Swan River.

Visit capornyoung.com.au for times

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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ELEGANT LARGE APARTMENT

21/45 PAKENHAM STREET

Sitting above all the historic charm of the West End with fascinating outlooks from two outdoor terraces, this beautifully appointed and remarkably spacious apartment is one of the loveliest you´ll find in Fremantle. This is perfectly carefree apartment living with all the comfort and elegance of home.

Wednesdays 5:00pm-5:45pm & Saturdays as advertised

9385 5559 /

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0411 115 147 connie@capornyoung.com.au

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CONTEMPORARY CLASS & COMFORT 98 SYLVAN CRESCENT Treat your family to something special by moving them into this impressive home that sits only metres away from sprawling local parklands & excellent primary & secondary schools. Renovations to the kitchen, scullery & powder room add quality modern touches to a highly-functional floor plan. The outdoor setting is tranquilly private, as is the gated front courtyard.

On site, Saturday 16th June at 2:30pm visit capornyoung.com.au for times

0402 278 747 lizy@capornyoung.com.au

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WORLD CLASS RIVERFRONT LOCALE 31 SAUNDERS STREET Situated right on the Swan River with uninterrupted views of the water, this lot holds truly magnificent potential with approved subdivision into 2 lots or the perfect site for your dream home. The North facing aspect allows for yearlong natural sunlight & protection from the sea breeze.

Closing Monday, 11th June at 4:00pm Saturdays 1:00 - 1:30pm & Thursdays 12:00 - 12:30pm

0499 991 795 dan@capornyoung.com.au

0412 385 056 richard@capornyoung.com.au

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AU IN C -R T O IO O M N S

BLANK CANVAS STUDIO OFFICE

1/136 STIRLING HWY

First-floor 94m2 brick studio office unit: panoramic Indian Ocean views, fantastic exposure to Stirling Highway and great passing trade. Street-facing, the studio office lies at the front of a predominately industrial warehouse development, featuring an open plan office with separately partitioned office, kitchen, bathroom, car-parking and a 12m2 stairwell.

In-Rooms, Thursday 31st May at 12:30pm By appointment

9385 5559 /

capornyoung.com.au

0420 200 773 phil@capornyoung.com.au

AU CT IO N

RENOVATE OR LAND GRAB 23 DALY STREET This immaculately maintained 1960s home is situated in one of the highest points in South Fremantle and catches the first breath of the sea air.

Surrounded by character homes in this wonderful community location just five minutes walk to the beach and close to schools, shops & cafes.

On site, Saturday 16th June at 1:30pm Visit capornyoung.com.au for times

0434 076 229 michael@capornyoung.com.au

0409 229 115 stefanie@capornyoung.com.au

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AU CT IO N

STYLED FOR LIFE

6A ANSTEY STREET As well as a terrific location, this two-storey residence features a clever layout and contemporary finishes galore. From its gleaming wooden floors to its ultra-modern bathrooms and deluxe kitchen, quality is evident in every aspect of this home.

On site, Saturday 2nd June at 10:30am Wednesday, 30th May 6:00 - 6:30pm Pre-Auction viewing Saturday, 2nd June 10:00am

0402 456 485 adam@capornyoung.com.au

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AU IN C -R T O IO O M N S

HORTICULTURAL INVESTMENT 340 SOUTH RIVER ROAD Strategically positioned within Carnarvon´s levee bank system, this property presents a lucrative investment for those seeking high-value horticultural pursuits on land with a year round water supply. Offered as going concern, this property provides a blank canvas to grow your future with conditions ripe for strategic timing of crops into local, national & international markets.

In Rooms, Thursday 28th June at 12:30pm By appointment

0420 200 773 phil@capornyoung.com.au

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ELEGANT FAMILY HOME 41 BLENCOWE STREET This expansive family home is rich in character and renovated for easy family living. With a sought-after location, light-filled living areas, four bedrooms, including a luxury main suite, and an inviting, low-maintenance garden and pool, it really is the dream family package.

On site, Saturday 16th June at 11:30am Saturday 26th May 10:00 - 10:30am Wednesday 30th May 5:30 - 6:00pm & Saturday 2nd June 11:00 - 11:30am

0413 929 999 craig@capornyoung.com.au

0411 037 504 oonagh@capornyoung.com.au

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Sold $950,000

22 Richardson Rd, Coogee

113 Hampton Rd, South Fremantle

SO LD Sold $830,000

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3 Gold Street, South Fremantle

Sold $1,197,500

44 McCleery Street, Beaconsfield

22 Crown Terrace, Coogee

Sold $1,200,000

17 Warren Street ,Beaconsfield

SELLING WITH ENERGY AND INTEGRITY For details on any of these properties or to find out how we’re consistently achieving outstanding results for our clients, please contact us today.

ROMM NIBLETT 0439 911 637 romm@capornyoung.com.au

9385 5559 / capornyoung.com.au

Sold $855,000

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ROMM NIBLETT & CARLIE BAKER - YOUR SOUTH OF FREMANTLE TEAM

CARLIE BAKER 0407 771 553 carlie@capornyoung.com.au

Sold $670,000

YOUR LAKESIDE HOME 16/3 WATERWAY COURT From $420,000 Saturday, 26th May at 2:00 - 2:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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AU CT IO N

BEST SEA VIEWS 84/37 ORSINO BOULEVARD On site, Saturday 26th May at 1:30pm

0439 911 637 romm@capornyoung.com.au

0407 771 553 carlie@capornyoung.com.au

EFFORTLESS STYLISH APARTMENT 8/330 CHURCHILL AVENUE From $700,000 Saturdays 2:00 - 2:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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GRAND DESIGN FOR EASY FAMILY LIVING 192 DAGLISH STREET Mid $1,000,000’s Saturday, 26th May at 3:00 - 3:30pm

0413 929 999 craig@capornyoung.com.au

AU CT IO N

0408 914 117 stephanie@capornyoung.com.au

On site, 9th June at 11:30am Thursdays 6:00 - 6:30pm & Saturdays 11:00 - 11:30am

0478 692 342 logan@capornyoung.com.au

9 BATEMAN STREET

From $1,729,000 Visit capornyoung.com.au for times

0434 076 229 michael@capornyoung.com.au

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14 Salen Court

440A Canning Highway

AU CT IO N

33A McCallum Crescent

Call for details Steven Currie

0413 984 569

Call for details Steven Currie

24 Dickenson Way

0417 185 706 8 Stanbury Way

AU CT IO N

1/326 Preston Point Road

0413 984 569

9th June, 10:30am Lara Richardson

9th June, 3:30pm Steven Currie

0413 984 569

$950,000-$990,000 Emma McCarthy

20A Stanbury Way

From $499,000 Emma McCarthy

9385 5559 /

0417 920 448

0417 920 448

From $990,000 Emma McCarthy

2/2 Riverside Road

$3,495,000 Stefanie Dobro

capornyoung.com.au

0409 229 115

0417 920 448 31 Sewell Street

From $1,249,000 Stefanie Dobro

0409 229 115

4 Dunkeld Street

Call for details Helen Hemery

0408 370 809

22 Linden Gardens

Call for details Helen Hemery

17/50 Pakenham Street

From $749,000 Stefanie Dobro

0409 229 115

0408 370 809

12/7 Leake Street

Call for details Michael Harries

2 Jarrah Lane

Call for details Chris Storey

0420 290 906

92A Bateman Road

Call for details Steven Currie

3/243 Stock Road

Call for details Emma McCarthy

9385 5559 /

0417 920 448

Call for details Stefanie Dobro

capornyoung.com.au

0409 229 115

0434 076 229

0413 984 569 16/370 Cambridge Street

Call for details Emma McCarthy

0417 920 448

RENTAL REVIEW LOOKING BACK TO LOOK FORWARD In 2014, the Perth market was still booming and the median house price was surging towards $550,000. On the back of mining industry-driven economic prosperity, homeowners were laughing all the way to the bank - until, all of a sudden, they weren´t.

Over the last 4 years the widespread job losses prompted people to leave the west in search of employment. In 2014, we reinvented CY Magazine and now, as we celebrate the 100th rebranded issue, we´ve had a little stroll down memory lane. This is what Perth´s rental market looked like 4 years ago from our perspective, versus today...

FOR LEASE 121 George Street

34/9 Coromandel Approach

5/31 Harvest Road

In 2014 we leased 269 properties, versus 314 over the last 12 months. The average days on market was 24.7 then, which has grown 36.2 today. And our landlords were dealing with a low vacancy rate of 1.8% in 2014, compared to 2.9% now. We´re proud to have kept vacancy rates so tight during such turbulent times in Perth´s rental market, but this feat is particularly impressive when we look at the broader market trend - as the industry average vacancy rate was 4% in 2014, and is now 6.4%.

The growth of the number of properties we manage for our investors is testimony of being able to deliver in all markets.

Selection of hot properties currently for lease 28 Hampton Road

48/34 Shoalwater Street

27/2 Wexford Street

102A Bateman Road

31 Ainslie Road

10 Birrigon Loop

For all enquiries, please contact Caporn Young’s Leasing and Property Management team on 9385 5559.

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A R D R O S S

R E S I D E N C E S

Artist impression

EMBODIMENT OF TODAY’S MODERN LIFESTYLE Horizon Rise is a contemporary blend of Community, Convenience and the Essence of Luxury Living. The striking yet intimate development is the new benchmark for urban living showcasing fresh designs, modern lifestyle with easy connectivity set in a vibrant blue-chip location that is the quintessentially 21st century living.

Contact Arreum Han-Caporn on 0450 422 224 or Adam Piller on 0402 456 485

HORIZONRISE.COM.AU