CY Magazine - Issue 157

W E L C O M E

Richard Young - CEO, Caporn Young Estate Agents

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

Design by: Alex Zavros

auction for your property The excitement that a public auction campaign brings with buyers competing for your property means we simply do not know where the competitive bidding will take us Countless times we have achieved prices for our properties under the hammer that no one thought possible, with the market forces at work and a highly skilled CY sales team on your side, who knows where the blue sky may take you?

premium properties.

Our team are energized, fired up and ready for, can you believe it, the run into Christmas. This period, September to December is historically the very best-selling and renting season of the whole year setting benchmark prices Existing historically low stock levels in the sales market means there has never been a better time to consider a public

Supersize me! The power of a strong marketing campaign will deliver more buyers and tenants to compete for your property enabling the possibility of achieving record outcomes We are offering property owners who list with us for an auction campaign or a rental campaign a special ´Supersize Me´ marketing package. Reach out to us for details

We welcome our newest CY Partners ´Team MJ´ who are achieving more than impressive results for our clients, find out more in this edition s Agent Focus Time to celebrate the sun!

PROPERTY MANAGEMENT

CHANGES TO THE RTA

We have been receiving a lot of calls and emails lately from our landlords, concerned about the proposed changes to the Residential Tenancies Act 1987. Recently, the CY team attended an industry breakfast hosted by REIWA CEO Cath Hart, focused on what these changes will mean for both landlords and tenants. We´re now able to report back to our clients regarding how these changes may affect them and offer some reassurance to those who are worrying about the impact on their investment properties. First, it´s important to emphasise that the amendments have not started yet and are not expected to come into effect until the middle of next year. For now, the current RTA still stands. There is some good news for landlords,

Shreridan Currie - Property Management Team Leader

and overall, the changes being made to our legislation here in WA are a lot better than in other states around Australia. The biggest win for investors is that no grounds terminations will not be removed. Other proposed changes regarding pets and minor modifications are still being finalised in Parliament, and REIWA is working hard to obtain clear guidelines for property managers and ensure landlords’ best interests are protected. The fact is that legislation can and will change over time, and the best thing you can do as an investor is be prepared, but not alarmed. Having a great agent who is across any developments is flexible and able to adapt their processes in response is the key to long-term success.

If you´re concerned about the effect the RTA amendments will have on your investment strategy, please don´t hesitate to get in touch with us.

CY LEASING LEADS THE PACK

Despite an incredibly tight rental market with record low vacancy rates, our leasing team managed to improve on their 2021-22 results in the 2022-23 financial year. In the previous financial year, we received 14,614 enquiries and leased 281 properties, which we deemed a fantastic result given the conditions. This financial year we received slightly fewer enquiries - 13,226 in totalyet still managed to lease 290 properties.

As the rental crisis across the country begins to show signs of easing, vacancy rates are still sitting at 60 per cent below pre-COVID levels in Perth, with increased migration from interstate and overseas driving this shortage.

Liliana Talemaitoga - Business Development Manager

We are still seeing huge numbers coming through our home opens and receiving multiple applications for many of our rental properties. There is high demand within every segment of the market, from student apartments to family homes in the suburbs and high-end executive residences.

Our leasing team keep in touch with unsuccessful applicants, which means our landlords rarely need to worry about lengthy periods of vacancy or searching for qualified tenants - but we need more properties on our books if we´re going to meet the growing demand. We have plenty of fantastic tenants ready and waiting to move in, so we´d love to hear from you if you own a suitable property. To find out more about the benefits of being a CY landlord, get in touch with us today.

LEASED

Just 300m from the beach, this private, architect-designed Cottesloe sanctuary has been perfectly proportioned for modern luxury living, with defined zones and a versatile footprint to suit a busy family.

A truly enchanting 1930’s extended character home boasting 3 bedrooms in the original front section of the home that retains all of its old-world charms, featuring ornate pressed ceilings, leadlight doors and windows and solid jarrah floorboards.

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.

PENTHOUSE PERFECTION

The top floor of the iconic "Sunny´s" building right on the stunning East Fremantle waterfront is truly something to behold This bright, airy and spacious 2 bedroom 2 bathroom penthouse-level apartment oozes contemporary class whilst encouraging an enviable lock-up-and-leave lifestyle

COMINGSOON

The timeless aesthetic of this modern, architecturally designed beach house set amongst Cottesloe´s iconic Norfolk pines is perfect coastal luxury. Neutral earthy tones of the Aspen-stone fireplace, bleached textured oak, shiplap paneling and bespoke engineered stoneware complement a gold-standard in passive solar design

THE PINNACLE OF COASTAL LIVING

Nestled in cul-de-sac tranquillity on what is arguably one of the best two streets within the sought-after "Port Coogee Estate", this luxurious family entertainer not only boasts its very own jetty at the rear, but also sits just footsteps away from fishing spots at the lovely Chelydra Park along the waterfront

STUNNING MODERN ENTERTAINER

This exceptional home embodies the essence of riverside luxury. Be impressed by the magnificent design with quality craftsmanship and contemporary styling An absolute stunner located in one of the most sought-after streets in the Golden Triangle A natural choice for those who appreciate the finer things in life

COMINGSOON

COMINGSOON

The perfect blend of experience and energy.

With a combined 28 years of experience in Real Estate, Michael Mort (right) and Jackson Tuttleby (left) have just signed off on a personal best month and achieved ‘CY Partner Status’ - Congratulations Team MJ!

“We are very proud and excited to have recently reached partner status, this milestone could not have been achieved without the ongoing support from the team at CY. Our aim is to continually wow our clients with exceptional customer service and build lasting relationships, by focusing on helping them achieve their property dreams.”

- Michael Mort | Jackson Tuttleby CY Partners | Sales Executives