CY Magazine - Issue 132

EXCLUSIVE GOLF COURSE PRECINCT 8 February 2020 / Issue 132

08 9385 5559 / www.capornyoung.com.au

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

A POSITIVE START TO THE NEW YEAR It´s hard to believe that the first month of 2020 is already behind us: It feels like we were only just celebrating Christmas and all of sudden here we are in February, a whole new year stretched out before us, full of opportunity and promise.

I don’t make this comment lightly; if you own an investment property in Perth, then it seems like 2020 might finally be the year that the market turns in your favour. I know that Perth property owners have been on a rollercoaster ride the last few years, but we´re seeing strong evidence of a turnaround, in a number of ways.

For instance, stock levels have reached lows that we have not seen for a very long time. Property that has been listed on the market pre-Christmas has all but sold, and has not been replaced, with

December 2019 quarter stock levels down 18% on the same quarter in 2018.

This may change now that school holidays are over, however in the short term, this could indicate that the pendulum is swinging in favour of sellers. Demand remains strong, and with almost 20% fewer properties on the market, sellers have a captive buyer market looking to secure their next home or investment property.

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:

If you own a rental property, or you´re considering buying into Perth´s property market as an investor, your timing couldn´t be better.

Vacancy rates have dropped to just 2.5% - down from its peak of 5% in 2017 - and our experienced leasing team is routinely securing rental increase for our existing landlords in the current climate. To maximise your rental returns and leverage Perth´s property market in your favour, feel free to contact our friendly team today.

COVER: A striking and stylish home at 51 Fortview Road, Mount Claremont. Contact Tim Caporn 0406 300 828 for details.

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

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Quiet listings worth discovering

SUIT BUYERS $5.5M PLUS

MOSMAN PARK

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RICHARD YOUNG 0412 385 056

SUIT BUYERS $1.15M PLUS

SWANBOURNE RICHARD YOUNG 0412 385 056

9385 5559 / capornyoung.com.au

COASTAL BEACH HOUSE

Adopting a sublime combination of Malibu Beach chic and relaxing West Coast charm, this breath-taking, four-bedroom, four-bathroom (plus study) home was custom-designed by its owners seeking a light-filled, nautical-themed residence with seamless spatial flow and purity; evident in its practical, yet luxurious, coastal design.

to 0488 850 253 for info pack

0412 385 056 richard@capornyoung.com.au

9385 5559 /

capornyoung.com.au

YOUR VERY LAST CHANCE BRUSH APARTMENTS, 7/40-42 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.

to 0488 850 253 for info pack

0437 225 725 nikki@capornyoung.com.au

9385 5559 /

capornyoung.com.au

MID-CENTURY MODERN COOL 127 GROVEDALE ROAD With its dramatic street appeal and unmistakable Palm Springs vibe, this Craig Sheiles-designed home just oozes mid-century-modern chic. North facing floor to ceiling windows, Italian porcelain flooring, feature stone and bamboo highlights and a seamless indoor/outdoor connection define the style of this spectacular, coastal residence.

to 0488 850 253 for info pack

0408 370 809 helen@capornyoung.com.au

9385 5559 /

capornyoung.com.au

CENTRAL FREMANTLE

15 WRAY AVENUE This is one of Fremantle’s premier streets for cafes & boutique shopping.

You will be absolutely spoilt for choice. This property sits a stone throw away from the Galati & Sons grocery store and Frank’s Gourmet Butcher.

People travel from all areas to visit these shops.

0411 115 147 connie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

9385 5559 /

capornyoung.com.au

CY PRIVATE

Suit $7.5m plus buyers

0412 385 056 richard@capornyoung.com.au

9385 5559 /

capornyoung.com.au

LOW MAINTENANCE LIFESTYLE 5/15 BOUNDARY ROAD Elevated in a super quiet cul-de-sac, this immaculately presented, resortstyle townhouse holds the key to a life of comfort and low maintenance.

Completely renovated and awash with natural light, a contemporary interior and clever design come together to provide a fantastic home.

to 0488 850 253 for info pack

0437 225 725 nikki@capornyoung.com.au

9385 5559 /

capornyoung.com.au

THE BEST BLOCK IN PERTH SAUNDERS STREET Jaw dropping and commanding uninterrupted north facing views of the Swan River, this lot holds truly magnificent potential and will make the perfect site for your dream home. Situated in a tranquil pocket of this prestigious and highly sought-after suburb. Sydney Harbour style dream building block in Perth. The best available.

From $3,499,000 to 0488 850 253 for info pack

0412 385 056 richard@capornyoung.com.au

9385 5559 /

capornyoung.com.au

EXCLUSIVE GOLF COURSE PRECINCT 51 FORTVIEW ROAD Created by award winning building designer Yael Kurlansky of Yael K Designs, this wonderfully striking and stylish four bedroom, two bathroom home is located in one of Mount Claremont’s best streets, overlooks the expansive CCGS playing field and backs onto the Cottesloe golf course.

to 0488 850 253 for info pack

0406 300 828 tim@capornyoung.com.au

9385 5559 /

capornyoung.com.au

AU CT IO N

EXCITING POTENTIAL

3 FLORENCE ROAD Boasting R160 zoning, this prized residential parcel has extraordinary potential for a multiple apartment development. Alternatively, the charmingly restored and extended home could be retained and the parcel land-banked for the future.

Onsite, Saturday 22nd February at 11:30am to 0488 850 253 for info pack

0410 969 172 hayleyb@capornyoung.com.au

0406 300 828 tim@capornyoung.com.au

9385 5559 /

capornyoung.com.au

9385 5559 /

capornyoung.com.au

STROLL TO CAFES AND THE RIVER 141C MELVILLE PARADE to 0488 850 253 for info pack

0413 984 569 steven@capornyoung.com.au

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0414 640 767 jennifer@capornyoung.com.au

LIGHT, AIRY & IMMACULATE 98 SOUTH STREET OVER $695,000 to 0488 850 253 for info pack

0411 115 147 connie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

9385 5559 /

capornyoung.com.au

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TROPICAL VILLA VIBES 71B GLENELG STREET

0414 640 767 jennifer@capornyoung.com.au

0413 984 569 steven@capornyoung.com.au

ONLY 1 LEFT! 30B SUSSEX STREET All Offers Presented to 0488 850 253 for info pack

0411 115 147 connie@capornyoung.com.au

9385 5559 /

capornyoung.com.au

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103A Rochdale Road, Mount Claremont

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119 Rochdale Road, Mount Claremont

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7/25 Arenga Court, Mount Claremont

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33 Alfred Road, Mount Claremont

17 Lyall Street, Shenton Park

3 Primula Place, Mount Claremont

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52A Adderley Street, Mount Claremont

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HAYLEY BROWN - 0410 969 172

152 Nicholson Road, Subiaco

13 Myera Street, Swanbourne

SELLING MOUNT CLAREMONT AND SURROUNDING SUBURBS For details on any of these properties or to find out how I’m consistently achieving outstanding results for my clients, please contact me today.

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

9385 5559 / capornyoung.com.au

20 Campion Crescent

Adam Piller

0402 456 485

MORE WANTED Aidan Casey

0407 423 655

0410 969 172

Tim Caporn

0434 076 229

47 Waratah Avenue

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U ND ER High $200,000’s Hayley Brown

Saturday 8th Feb 1:30pm Michael Harries

4/15 Burt Street

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40/34 Davies Road

1/1 Durdham Crescent

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U ND ER

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42A Matheson Road

0406 300 828

Richard Young

454 Cambridge Street

U ND ER

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5 Lofoten Way

0412 385 056

$4 Million+ Richard Young

9385 5559 /

0412 385 056

Adam Piller

capornyoung.com.au

0402 456 485

Helen Hemery

0408 370 809

23 Alma Street

Early-Mid $700K Romm Niblett

0439 911 637

111 Healy Road

FROM $629,000 Romm Niblett

0439 911 637

1,2,3/237 Loftus Street

Steven Currie

0413 984 569

U ND ER

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59A Bagot Road

0412 385 056

Coming Soon Logan Duncan-Smith

SO LD Oonagh Lisle

9385 5559 /

0411 037 504

Richard Young

2 Cashel Way

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152 Nicholson Road

0478 692 342

Sat, 8th Feb 10:30am Steven Currie

capornyoung.com.au

0412 385 056 16A Lever Place

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Richard Young

0413 984 569

At First Home Open Logan Duncan-Smith

0478 692 342

RENTAL REVIEW VACANCY RATES SLICED IN HALF As the first month of the year comes to a close, we´re happy to report some good news for Perth landlords.

After many years of struggling amidst employment woes and a slow economy, Perth´s rental market is bringing renewed confidence for investors, as vacancy rates drop and returns increase. According to the Domain Rental Report for the December quarter, median house rents are up 2.8% and unit rents are up 3.3% over the past year.

"It looks like [the market] is at a turning point," says Domain economist Trent Wiltshire, "or at least bottoming out."

FOR LEASE 3/31 Airlie Street

He also reported that vacancy rates were lower, dropping to 2.5% from 3.5 per cent in the year to December 2019, and well below the peak of 5 per cent from 2017.

At Caporn Young, we´re seeing evidence of these improving conditions and we´re regularly achieving rental price growth on behalf of our landlords. For instance, at 71a View Tce, we recently rented a family home at $25/week higher than its previous lease, and many of our lease renewals are seeing increases of between 310%.

If you own rental property and you´d like to experience the Caporn Young difference, contact us for an up-to-date appraisal today.

Selection of hot properties currently for lease 406C Canning Highway

23 Point Street

1 Gulli Court

LE AS ED

LE AS ED

71A View Terrace

49 Waratah Avenue

4/18 Bellevue Terrace

13a Stainer Street

LE AS ED

6 Teslin Road

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

9385 5559 /

capornyoung.com.au

Once every 4 years, there is an auction event like no other...

CY’S LEAP YEAR AUCTION EXTRAVAGANZA SATURDAY 29TH FEBRUARY A curated collection of amazing homes, all auctioned on the same day.

For info on how to join the action, contact your local Caporn Young representative or call 9385 5559.

9385 5559 / www.capornyoung.com.au