CY Magazine- Issue 133

Superb Inner-City Home + Iconic Retail Space 22 February 2020 / Issue 133

08 9385 5559 / www.capornyoung.com.au

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

PRICE GROWTHS PREDICTIONS FOR PERTH It´s been quite some time since Perth´s property market has boasted positive pricegrowth predictions. For the last few years, at least, these types of forecasts have usually been reserved for our capital city counterparts to the east. That´s all changing in 2020, with economist Trent Wiltshire from Domain predicting an end to Perth´s long-running downturn. He expects median house and unit prices to rise by 5 per cent by the end of the year, saying that Perth "is likely to see the fastest price growth since the mining boom ended in 2014 welcome news for those looking to sell." "Buyer interest has also risen, with ’views per listing’ up 40 per cent over the year and home loan commitments increased 15 per cent between December and March 2019." As the new year charges on, our team at Caporn Young has

certainly seen evidence of a strengthening market, including a big uptick in buyer interest.

Domain data shows that ’views per listing’ is up 40 per cent over the year, and the level of stock on the market is shrinking, creating the strong supply and demand fundamentals required for property price growth. Perth experienced its first rolling, quarterly increase month on month since May 2018, reports Tim Lawless from CoreLogic another positive sign for the Perth property owners. It was only 0.1% growth, but that´s still a step in the right direction. In the week ending February 9th 2020, the city recorded a 22% increase in sales, alongside a 2% increase in new listings hitting the market. At this rate, demand will soon outweigh supply, which is a great indication that prices will increase further. If you own a property in Perth and you´re considering selling, there´s never been a better time to have your home appraised. Contact our friendly team today and obligation-free chat.

COVER: Historic inner-city sanctuary at 103 High Street, Fremantle. Contact Connie Handcock 0411 115 147 or Michael Harries 0434 076 229 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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Quiet listings worth discovering

FROM $3.499M Mosman Park

RICHARD YOUNG 0412 385 056

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SUIT $7.5+ BUYERS Mosman Park

RICHARD YOUNG 0412 385 056

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RICHARD YOUNG 0412 385 056

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SUIT $7M+ BUYERS Mosman Park

SUIT $1.2M+ BUYERS Swanbourne

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RICHARD YOUNG 0412 385 056

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SUIT $5.5M+ BUYERS Mosman Park

RICHARD YOUNG 0412 385 056

9385 5559 / capornyoung.com.au

SUIT $4M+ BUYERS City Beach

RICHARD YOUNG 0412 385 056

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LUXURY COUNTRY STYLE 43 HAVENVALE CRESCENT Soaring native trees, immaculate gardens and a quiet and family-friendly neighbourhood set the scene for this charming country-style property located opposite beautiful Emander Reserve. Immaculately maintained and presented, this unique and quintessentially Australian home is unlike anything else this close to Perth’s CBD.

Closing, Monday 9th of March at 12pm to 0488 850 253 for info pack

0408 370 809 helen@capornyoung.com.au

0410 969 172 hayleyb@capornyoung.com.au

9385 5559 /

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HOME + BONUS COMMERCIAL INCOME 103 HIGH STREET Residence Internal 147m2 plus Retail Shop 103m2 Hidden in an historic building in the heart of Fremantle is a large, lightfilled apartment home, completely renovated to create seamless new interiors. This brilliant design is also offered together with an iconic retail space providing significant income.

Closing, Thursday 5th March at 5pm (unless sold prior) to 0488 850 253 for info pack

0411 115 147 connie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

9385 5559 /

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AU CT IO N

CENTRAL FREMANTLE

15 WRAY AVENUE This is one of Fremantle’s premier streets for cafes and 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.

On Site, Saturday 29th February at 11:00am to 0488 850 253 for info pack

0411 115 147 connie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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MODERN LUXURY & VALLEY VIEWS 11 TESLIN ROAD Perched in a wonderfully elevated position this modern two storey four bedroom three bathroom residence set on an 878 m2 green title block offers modern luxury and year round living for the growing or established family.

to 0488 850 253 for info pack

0478 692 342 logan@capornyoung.com.au

0406 300 828 tim@capornyoung,com.au

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IMMACULATE LUXURY ON THE TERRACE 1/26 BANKSIA TERRACE Secure, stylish and spectacular are all words that are best used to describe this two bedroom, two bathroom ground-floor apartment. One of just three residential properties within a stunning architecturally-designed boutique development a short walk away from the picturesque South Perth foreshore.

to 0488 850 253 for info pack

0402 456 485 adam@capornyoung.com.au

9385 5559 /

capornyoung.com.au

ROOFTOP PENTHOUSE

28/123 COLIN STREET This beautifully located home situated in leafy West Perth offers a generous 87sqm of internal living space plus a massive 206sqm of private balcony and atrium right on the fringe of the city centre, walking distance to the CBD, Kings Park and Watertown. Stroll to nearby shops, restaurants and bars or venture a little further to Subiaco, Leederville or Northbridge.

Saturdays 9:00am - 9:30am to 0488 850 253 for info pack

0403 342 681 michaelm@capornyoung.com.au

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MID-CENTURY MODERN COOL 127 GROVEDALE ROAD

0408 370 809 helen@capornyoung.com.au

9385 5559 /

capornyoung.com.au

12 Baldwin Avenue, Mount Pleasant

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1/110 Matheson Road, Mount Pleasant

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44A Reynolds Road, Mount Pleasant

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38A Ullapool Road, Mount Pleasant

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121A Ardross Street, Mount Pleasant

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71B Glenelg Street, Mount Pleasant

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STEVEN CURRIE & JENNIFER NOYE

1 Apus Loop, Mount Pleasant

14 Salen Court, Mount Pleasant

SELLING MOUNT PLEASANT AND SURROUNDING SUBURBS 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.

STEVEN CURRIE 0413 984 569 steven@capornyoung.com.au

9385 5559 / capornyoung.com.au

JENNIFER NOYE 0414 640 767 jennifer@capornyoung.com.au

9 Studley Road

19 Spinifex Road

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20 Campion Crescent

MORE WANTED Aidan Casey

0407 423 655

Tim Caporn

1/1 Durdham Crescent

0401 458 774 40/34 Davies Road

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4A Curedale Street

0406 300 828

OFFERS INVITED Aman Singh

Sat, 29th Feb 11:00am Carlie Baker

0407 771 553

Michael Harries

141C Melville Parade

Steven Currie

9385 5559 /

0413 984 569

0434 076 229

High $200,000’s Hayley Brown

7/40-42 Duke Street

LAST CHANCE Nikki Gogan

capornyoung.com.au

0437 225 725

0410 969 172 8 Alyth Road

Helen Hemery

0408 370 809

454 Cambridge Street

Helen Hemery

0408 370 809

23 Alma Street

From $709,000 Carlie Baker

40 South Street

Michael Harries

0434 076 229

From $629,000 Carlie Baker

0407 771 553

0411 115 147 18A Harwood Street

Nikki Gogan

71B Glenelg Street

0437 225 725 205/19 Ogilvie Road

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Connie Handcock

111 Healy Road

76 Kitchener Road

BUYERS MISSED OUT Connie Handcock

9385 5559 /

0407 771 553

15/170 Holland Street

0411 115 147

MORE WANTED Jennifer Noye

capornyoung.com.au

0414 640 767

Steven Currie

0413 984 569

28/1 Corkhill Street

36/1 Bourke Street

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46 Lullworth Terrace

Carlie Baker

0407 771 553

Nikki Gogan

4/165 Derby Road

BUYERS MISSED OUT Connie Handcock

0411 115 147

Hayley Brown

28A Sussex Street

Jackson Tuttleby

9385 5559 /

0402 456 485 25/19 Douro Road

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Proposed 11B Aurelian Street

0437 225 725

Offers from $429,000 Adam Piller

0450 078 122

0410 969 172

Carlie Baker

2 Cashel Way

Steven Currie

capornyoung.com.au

0413 984 569

0407 771 553 149 Beachside Parade

From $329,000 Jackson Tuttleby

0450 078 122

RENTAL REVIEW HIGHER RENTAL RETURNS ON THE MENU We´re almost two months into the new year already, and after a strong start to 2020 we´re continuing to see improvements in the rental market. We´re seeing large numbers come through home opens, and we´re often receiving multiple applications per property - and achieving a slightly higher rental return compared to this time 12 months ago. In February 2019, for instance, one apartment in Fremantle struggled to find a suitable tenant.

Despite a proactive marketing campaign that generated around 20 enquires, the process of securing a lease took six weeks and the landlord ultimately agreed to reduce the rent.

FOR LEASE

Similarly, an apartment in North Coogee that took a few weeks to lease in February last year, was snapped up within 10 days this campaign at full asking price. We also had 35 groups through a home in Hamilton Hill, receiving multiple applications.

The activity and competition in the market has certainly increased.

Our tenant database is overflowing with those who keep missing out on quality homes and apartments, so if you´re looking for a tenant, contact us today.

Selection of hot properties currently for lease 49 Waratah Avenue

7/22a Russell Street

LE AS ED

1/118 Broome Street

This time around, we received an incredible 73 enquiries. With several applications received, we ended up achieving an additional $30 per week in rent, or more than $1500 per year.

91/37 Orsino Boulevard

39 Perlinte View

LE AS ED

6 Teslin Road

4/33 Malcolm Street

13a Stainer Street LE AS ED

16 Diego Court

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