CY Magazine - Issue 114

The Perfect Family Beach House 23 February 2019 / Issue 114

08 9385 5559 / www.capornyoung.com.au

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

INTERESTING TIMES AHEAD We are witnessing an increasing appetite from investors keen to buy into Perth´s marketplace. This is partly because Perth is now the most affordable real estate market in Australia, according to REA´s chief economist Nerida Conisbee; it is also a top destination for offshore property seekers, with Brexit driving up search activity from the UK. "The fundamentals of property demand are looking far more positive, population growth in particular," Conisbee reports. Rental returns are strengthening, an improving economy is translating to higher tenant demand, and the outlook for premium suburbs is strong. However, another key driver of investors in the west is the upcoming federal election. If Labor takes power, they have indicated that they will review the negative gearing policy. Paul Keating, then-Treasurer of the Hawke Labor

government, did exactly this in 1985; the result was skyrocketing rents and an exodus of investors from real estate. The decision was reversed in 1987. Then, as it proposed now, those landlords who owned existing negatively geared properties were "grandfathered" - meaning that those who owned their assets prior to the rule change, were entitled to the previous negative gearing tax deductions. Investors are clearly hedging their bets that this could happen again, which is encouraging more buyers into the market before the federal election in May. If Labor does get into power and pushes ahead with this agenda, we foresee investor demand waning in the second half of this year. Available properties for rent will decline, and rental returns will increase. It´s hard to know which way the election will go, with the most recent polls (at time of publishing) showing both parties neck-and-neck. As I said, interesting times ahead - if you´re confused or concerned about what could come next, feel free to contact our team for deeper insights.

COVER: The perfect family beach house at 46 Ozone Parade, Cottesloe.

Contact Richard Young 0412 385 056 or Dan Hegney 0499 991 795 for details.

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:

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

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SPLENDOUR BY THE SWAN 12 ANGOVE LANE Situated in a highly desirable enclave by the Swan River, this architecturally designed home is built over two unique ’cubes’ and has a focus on entertaining. Visually striking, the home is saturated with natural light and includes vaulted ceilings & high quality fixtures and finishes throughout.

On site, Saturday 23rd February at 1:30pm to 0488 850 253 for info pack

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

9385 5559 /

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EXPANSIVE LAKESIDE ESTATE 5

3

2

896

SHENTON PARK 74 EXCELSIOR STREET Sitting proudly on the banks of Lake Jualbup, this large character home on a huge 896sqm block is an extraordinarily rare offering. With lake views to the front, a wide sealed ROW at the back, and northern light along the length of the block, this is absolute prime real estate!

AUCTION On site, Saturday 16th March at 12:30pm VIEW Wednesdays 6:00 - 6:30pm & Saturdays 12:00 - 12:30pm SMS "74Excelsior" to 0488 850 253 for info pack

OONAGH LISLE 0411 037 504 oonagh@capornyoung.com.au

HAYLEY BROWN 0410 969 172 hayleyb@capornyoung.com.au

9385 5559 /

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CONTEMPORARY GRANDEUR 3A HENLEY STREET A customised Steadman Homes design built by the best Signature Homes trades, this residence is the perfect combination of quality craftmanship and spacious, practical living.

On site, Saturday 2nd March at 11:30am Wednesdays 6:00-6:30pm & Saturdays 11:00-11:30am to 0488 850 253 for info pack

0402 456 485 adam@capornyoung.com.au

jackson@capornyoung.com.au

9385 5559 /

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LIFESTYLE, LOCATION & LUXURY BRUSH APARTMENTS, 40-42 DUKE ST Have you ever dreamed of living in the absolute heart of the George Street precinct, where you can walk to everything that this location offers including shops, cafes, bars, parks & the river, but you don’t want the upkeep of a heritage cottage typical of the area? With the creation of the new Brush Apartments, it´s now possible to live this dream lifestyle.

From $625,000 to 0488 850 253 for info pack

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

9385 5559 /

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INVITING FAMILY LIVING WITH A POOL 76 FORTESCUE STREET This superb bungalow is ready for it’s new owners to move straight in!

Showcasing a relaxed, updated interior with gorgeous period features, combined with flexible zoned living & entertaining spaces plus good bedroom separation. Perfect to live in & enjoy now, while still holding potential to add further value down the track. Add this to your list to view & be surprised!

On site, Saturday 9th March at 9:30am to 0488 850 253 for info pack

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

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SOAK UP THE VIEWS SUBLIME RIVERFRONT 3/2 RIVERSIDE ROAD Ultra stylish and as spacious as a home, this brand new riverfront apartment with expansive north facing balcony is situated in a group of just four luxury apartments. Occupying one whole floor with an impeccably high quality finish and breathtaking river views. Enjoy the lifestyle you deserve today.

From $3,100,000 to 0488 850 253 for info pack

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

9385 5559 /

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LAND GRAB IN RIVERSIDE PRECINCT 73B STATON ROAD This tempting piece of land is moments from the water. With a generous 12.8m frontage plus additional rear lane access, it’s a perfect blank canvas for your next home. The current owners have planning approval for a beautiful family home designed to take in the expansive views - use these plans or start from scratch (STCA), the choice is yours!

to 0488 850 253 for info pack

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

9385 5559 /

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TOWERING WEST END TREASURE 2/66 HIGH STREET Rising over four levels to a stunning rooftop terrace with views over the historic West End to the port, this tall slice of a landmark historic building is rare, unusual, flexible and totally captivating. This is atmospheric apartment living on a grand scale with wonderful natural light in a sensational location close to Bathers Beach.

On site, Saturday 23rd February at 12:30pm to 0488 850 253 for info pack

0411 115 147 connie@capornyoung.com.au

9385 5559 /

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FANTASTIC WESTERN SUBURBS DOWNSIZER 5/15 BOUNDARY ROAD Elevated in a super quiet cul-de-sac, this immaculately presented, resort-style townhouse holds the key to a life of comfort and low maintenance. Completely renovated and awash with natural light due to the stunning northern orientation, a contemporary interior and clever design come together to provide a fantastic home with expansive coastline views.

to 0488 850 253 for info pack

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

9385 5559 /

capornyoung.com.au

PANORAMIC VIEWS

12 BALDWIN AVENUE Exemplary landscape design sets the scene for the modernist shapes of the exterior, where extensive copper cladding naturally weathers to burnished tones and shields the home from the sun. Internal spaces are arranged to embrace the river views, including the spectacular open-plan living flowing through to the wide balcony and outdoor kitchen.

to 0488 850 253 for info pack

0413 984 569 steven@capornyoung.com.au

9385 5559 /

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O FF ER S

LUXURY LIVING AT LEIGHTON 39/11 LEIGHTON BEACH BOULEVARD VENDOR SAYS SELL! Presenting a rare and unique opportunity to acquire a stunning beachside apartment in one of Perth’s most exclusive coastal residences. Perfect for those seeking a a luxury lifestyle with 6 star hotel amenities just metres from the beach within a friendly community.

Closing Tuesday, 5th March at 5pm to 0488 850 253 for info pack

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

9385 5559 /

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QUINTESSENTIAL COTTAGE 3 COMMERCIAL ROAD This beautifully presented cottage offers both a great lifestyle opportunity as-is, and incredible potential for the future should you wish to extend down the south side of this large 498sqm block, capturing northern light throughout the length of the extension.

to 0488 850 253 for info pack

0411 037 504 oonagh@capornyoung.com.au

9385 5559 /

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CONTEMPORARY FLAIR 5 THE GROVE Step into the finest culmination of old-world character, and modern muse with this stunning Wembley residence, boasting eclectic elegance at every turn.

Showcasing a seamless blend of bungalow-style design, with resort-style luxury, this home is bound to excite the senses!

On site, Saturday 23rd February at 9:30am to 0488 850 253 for info pack

0413 929 999 craig@capornyoung.com.au

0403 342 681 michaelm@capornyoung.com.au

9385 5559 /

capornyoung.com.au

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CHIC TERRACE STYLE LIVING 12 CONNAUGHT STREET Defined by sophistication at every turn, immerse yourself in elegant West Leederville living with this unique three-bedroom two-bathroom residence. Just moments from Lake Monger Reserve with unparalleled proximity to Leederville´s finest dining, entertainment and shopping precincts, this home oozes chic character, whilst maintaining unprecedented convenience.

On site, Saturday 16th March at 10:30am Wednesdays 6:45 - 7:15pm & Saturdays 10:00 - 10:30am to 0488 850 253 for info pack

0413 929 999 craig@capornyoung.com.au

0403 342 681 michaelm@capornyoung.com.au

9385 5559 /

capornyoung.com.au

SOLD

SOLD

CY FIRST

CY FIRST

To join CY First and ensure you hear about the next off-market opportunity, text "CY First" to 0488 850 253

SOLD

CY FIRST

10 HOPE STREET

Sold by Lizy Harris

0402 278 747 lizy@capornyoung.com.au

9385 5559 /

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TEAM DOBRO SELLING EAST FREMANTLE

5 Richmond Circus, East Fremantle

KE T

SO M L AR D O FF

SO LD

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FF ER S

63a Dalgety Street, East Fremantle

12 Oakover St, East Fremantle

IN

FF ER S

SO LD O M UL TI PL E

21 Moss Street, East Fremantle

SO LD O

S

S IN O 7D L AY D

33 Dalgety Street, East Fremantle

M UL TI PL E

PR IO R

SO TO L AU D

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STEFANIE DOBRO – SELLING EAST FREMANTLE

75 Moss Street, East Fremantle

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.

STEFANIE DOBRO 0409 229 115 stefanie@capornyoung.com.au

9385 5559 / capornyoung.com.au

NIKKI GOGAN 0437 225 725 nikki@capornyoung.com.au

O FF ER S

DEVELOPERS DREAM 842 CANNING HIGHWAY Closing, 28th February at 6:00pm Thursdays 6:30-7:00pm & Saturdays 11:0011:30am to 0488 850 253 for info pack

AU CT IO N

0478 692 342 logan@capornyoung.com.au

CHARMING FAMILY ABODE 29 WALDEMAR STREET On site, 23rd February at 3:30pm Saturday, 23rd February 3:00 - 3:30pm to 0488 850 253 for info pack

0413 929 999 craig@capornyoung.com.au

0403 342 681 michaelm@capornyoung.com.au

9385 5559 /

capornyoung.com.au

AU CT IO N

MODERN MARVEL WITH CITY VIEWS 58A GROSVENOR ROAD On site, 9th March at 2:30pm Thursdays 5:00 -5:30pm Saturdays 2:00 2:30pm to 0488 850 253 for info pack

0413 929 999 craig@capornyoung.com.au

0403 342 681 michaelm@capornyoung.com.au

CHARACTER STYLE 44B CONNOLLY STREET to 0488 850 253 for info pack

0413 929 999 craig@capornyoung.com.au

0403 342 681 michaelm@capornyoung.com.au

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capornyoung.com.au

INSPIRING DESIGN 21A CONNAUGHT STREET to 0488 850 253 for info pack

0413 929 999 craig@capornyoung.com.au

0403 342 681 michaelm@capornyoung.com.au

ENTHRALLING LAKESIDE FEDERATION 132 ST LEONARDS AVENUE to 0488 850 253 for info pack

0413 929 999 craig@capornyoung.com.au

0403 342 681 michaelm@capornyoung.com.au

9385 5559 /

capornyoung.com.au

RENTAL REVIEW RECORD LOW VACANCY RATES A relatively balanced rental market is one where vacancy rates sit at around 2-3%. For the last few years, Perth´s property market has well exceeded this, and landlords have had to deal with extended vacancies, or offering rental discounts, to secure quality tenants.

The good news for investors is that the rental market is certainly improving, particularly in the neighbourhoods that we cover. Over the last few months, we have seen a significant uptick in the level of enquiries. Six months ago, we were receiving an average of 400-600 enquiries a month, this has jumped up to 1100-1200 enquiries, confirming that our rental market is on the way up!

FOR LEASE

We are also seeing competition back in the market place with multiple applications being received on properties, resulting in higher rental prices being secured. For landlords, this is welcome relief after enduring a tough market for so many years. If you are thinking of renting out your property, contact us today, as we have a database overflowing with qualified, pre-vetted tenants who are actively searching for their new home.

Selection of hot properties currently for lease

107 George Street

2/421 Cambridge Street

LE AS ED

LE AS ED

85 Fraser Road

83 Dalgety Street LE AS ED

148 Wilding Street LE AS ED

126 Kitchener Road

At Caporn Young, our vacancy is currently below 2% and the industry average is just under 3%, which is a positive reflection of the improving market.

8 Bellevue Terrace

14/280 Lord Street

130 Rosalie Street

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

9385 5559 /

capornyoung.com.au

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