CY Magazine - Issue 156

WELCOME

3.5 MILLION COPIES AND COUNTING

Welcome to the 156th edition of the CY Magazine.

Believe it or not, we have now delivered more than 3.5 million copies of this wonderful magazine to households around Perth.

During this time the efficacy of print publications was often under scrutiny, with media companies and the general public questioning whether hardcopy magazines were a thing of the past. However, nationwide studies and our own research has shown that print still has incredible cut through and the ability to deliver excellent results in the modern marketplace.

In these times of fast-paced online listings, some properties - particularly high-end and unique homes - can get lost in the heavy competition of the internet. This magazine gives our clients an unfair advantage, putting their property in front of

qualified buyers while other sellers are jostling for a position online. After all this time, we are still the only agency in Australia that can offer you FREE advertising in a magazine that is delivered into 85,000 letterboxes, directly to the buyers you want to target.

Every edition of the CY Magazine to date has showcased the premium properties in the premier suburbs of Perth, and this issue is no exception. Inside, you´ll find a carefully curated selection of the very best properties on the market to rent or buy right now.

We´ve also introduced a new agent profile feature, which you´ll find on the inside of the back page. Each edition going forward we will showcase the incredible talent of one of our team members, and give readers a little glimpse into their journey to becoming a part of Perth´s premier property agency. So sit back, relax and enjoy this new edition of CY Magazine.

Professional, Personalised & Stress-free conveyancing

With over 25 years of experience in the industry, we handle every aspect of the property transaction for a smooth settlement.

CY Magazine is published by: Caporn Young Estate Agents - Head Office 19-21 Queen Victoria Street, Fremantle WA 6160

For advertising or other enquiries, please contact Lisa Pereira on (08) 9385 5559.

Design by: Alex Zavros

CY Magazine is distributed free of charge to the shaded areas below:

Richard Young - CEO, Caporn Young Estate Agents

COVER: (Photo: Sally Kelso) Overlooking the Swan River, this bespoke luxury-build honours the natural beauty of its surrounding landscape. Please contact Richard Young 0412 385 056 and Hannah Tallon 0414 755 542 for details.

No other agent can put your property into 85,000 potential buyer’s letterboxes across Perth.

AT THE COAL FACE

LONG TERM TENANCIES

As a property investor, the best scenario you can hope for is having fabulous long-term tenants. As an owner you can relax knowing great tenants are taking care of your most valuable asset as if it was their own. At CY, we pride ourselves on offering a value-add service to both our tenants and landlords, which means most tenants are very keen to renew when their lease expires.

We actively review the market conditions nearing the end of every tenancy period, this benefits both parties – the landlord can be very confident they’re receiving a market rent reflective of the current market conditions, while the tenant secures their home for another year and avoids having to shift out and be at the mercy of the market. Of course, both

Shreridan Currie - Property Management Team Leader

owner and tenant continue to enjoy our award-winning professional CY management service.

Also important to both owners and tenants is ‘CY Proactive Property Management’ that makes sure your property is well-maintained. With winter fast approaching it’s the perfect time to get on top of any regular maintenance issues. We can have roofs checked and gutters cleaned to avoid any leaks resulting in water damage, arrange garden maintenance such as tree pruning, and ensure external evaporative cooling units are covered before the cooler weather hits.

Not only will your tenants appreciate this attention to detail, it will also keep your property in great condition and importantly protect your investment.

CY LEASING: MARCH QUARTER RECAP

The CY Leasing team prides itself on leading the industry, and our results for the March quarter speak for themselves. While the industry vacancy rate has stabilised this quarter, our vacancies have remained below 0.5 per cent for the past 12 months. Between December 2022 and Jan 2023 our monthly enquiries jumped from just over 900 to a whopping 1,600, and this figure has remained over 1,000 every month since.

We’ve also seen an increase in the number of investors entering the market, which is great news for tenants. Listings across Perth jumped to over 1,900 in March, however this is still 17% lower than 12 months ago, meaning we

have a long way to go before the market is balanced again. In the March quarter we added 38 new properties to our portfolio, leased a total of 73 homes, and processed 313 applications, indicating that demand still exceeds supply in the suburbs we service.

The average number of days our rental properties are spending on the market has fallen to just 10 and our vacancy rate for the March quarter was 0.3 per cent, half the industry average of 0.6 per cent. At the same time the average weekly rent our landlords are receiving has increased by 10% when comparing March 2022 to this quarter - a significant increase.

If you’d like to achieve results like these get in touch with us today for an obligation-free chat about the benefits of being a CY property investor.

Liliana Talemaitoga - BDM

Stunning penthouse overlooking Fremantle Port and presented to a premium standard, this generous three bedroom, two bath apartment offers an incredible lifestyle choice in the epicentre of Fremantle’s historic

Indulge in luxurious coastal living with this stunning north-facing penthouse apartment This is your chance to take in sweeping ocean views as you relax in the comfort and privacy of your expansive deck before retreating inside and enjoying complete comfort.

FAMILY FAVOURITE

Intelligently designed, this deceptively large and private home sits in a super pocket of leafy Applecross, only meters to Gairloch Oval, restaurants, shops and public transport, making it the ultimate in stressfree, lock and leave living

THE LIFESTYLE YOU HAVE LONGED FOR

Coming to market for the very first time since it was built back in 1975, this very solid two-storey family home not only occupies a commanding corner position on 868sqm (approx ), but it also allows you to add your own personal touches and thrive when it comes to a dream location alongside our glistening Swan River waters

FAMILY DREAMS

This rare and highly-sought-after vacant 1,062sqm (approx.) block represents a fantastic opportunity in which to build your dream family home, set to boast potential city and sea views from any future second storey

UNRIVALLED WATERFRONT LIVING

Blissfully enveloped by a cocoon of leafy green foliage and lush tropical borders, this bespoke, retreat-style apartment celebrates indoor and outdoor spaces via vast travertine-paved terraces linking open-plan living and places to recharge. Enjoying a street-level location and private entry, this enchanting sanctuary is the epitome of secure, riverside chic

LUXURY LIVING WITH CITY VIEWS

They say there’s no place like home, which is certainly the case with 31 Third Avenue This stunning four-bedroom, two-bathroom home, built in 2009, offers the ultimate in luxury living. From the moment you pull up, it’s clear the home has excellent street appeal. It’s significant in size and is perched high on the hill, giving it stunning city views

Nestled just two streets back from crystal-clear Indian Ocean waters and only walking distance away from lush coastal parklands and the magnificent Port Coogee Marina, this unique two-storey home defines industrial chic and flawlessly combines a series of quality finishes as well as breathtaking "sunset" views from up top

Outstanding in every way

Nikki has increased her business by 252% in the last 6 months.

“I am motivated by my client’s property goals and helping them achieve their real estate dreams. The clear strategies, systems and processes that CY instils across their brand provides the platform I need to assist my clients in realising their dreams. My core values are centred around family and relationships, so it was important I partnered with a company that aligned with those principles. CY understands property – but just as importantly the people they serve. I was attracted to CY’s long standing brand and reputation for professionalism and success – I’ve stayed for the people, teamwork, support, loyalty and clear career pathway.”

- Nikki Gogan CY Partner | Sales Executive