CY Magazine - Issue 56

18 JUNE 2016 | ISSUE 56

Iconic Manor Steeped in history and set within magical gardens, Mount Lawley’s iconic Bona Vista awaits new owners.

GET INSIDE 85,000 HOMES Put your property in the hands of 85,000 potential purchasers by advertising in CY Magazine. Contact Caporn Young to find out more. www.capornyoung.com.au | 08 9385 5559 |

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FR EE EV ER Y FO R TN I G HT

P E R T H’ S BE ST P RO P E R T I E S F OR SA L E OR LE A S E

Richard Young - CEO, Caporn Young Estate Agents

RESPECT OVER HARMONY FOR A SUCCESSFUL TEAM CULTURE Our senior management team has just returned from an intensive 3-day principals’ summit in Queensland.

The event is completely unique, as it brings together directors from the leading real estate businesses across Australia and New Zealand in a non-competitive environment - no two companies from the same region are represented. Needless to say, collaboration and innovation thrive.

A highlight of this year’s agenda was leadership speaker Rachael Robertson, who shared insights of her time leading teams in one of Earth’s most challenging environments: Antarctica.

In summer, Rachael’s role was to keep a hectic research programme moving forward. During the boring winter months, her main role was to keep 18 strangers from killing each other who were confined in small spaces with total darkness outside for 6 months! Without a hint of irony,

she revealed that a $20million science program almost derailed over whether bacon should be soft or crispy!

Caporn Young Estate Agents - Claremont Head Office 4/355 Stirling Highway Claremont, WA 6010 For advertising or other enquiries, please contact Patricia Cheah on (08) 9385 5559.

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Rachael spoke of the importance of collaborative environments, where leadership attributes are not confined to those ‘in charge’.

She’s also a big believer in the idea that ‘Respect Trumps Harmony’ - a philosophy very close to the heart of what Caporn Young is about. If you focus on harmony in an organisation, you stifle innovation and push any grievances underground.

Respect is much more important in the success of a team. For example, we are adopting the no ‘triangles’ at Caporn Young, meaning no one speaks to a third party about someone else, unless it’s something you would say if they were standing by your side. Man up, go direct and have an open and honest conversation.

Plenty of new learnings came out of the summit too - we’re feeling full of energy and fresh ideas to make your experience with Caporn Young even better.

COVER: Steeped in history is 35 Glenroyd Street in Mount Lawley. Contact Stefanie Dobro 0409 229 115 or Michael Harries 0434 076 229 for details.

Winter is the season to be noticed.

CY Magazine is published by:

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

CY WINTER 2016

WELCOME

Don’t wait for a crowded spring market. With less competition from other sellers and highly motivated buyers, winter is a great time to sell.

Ask about Caporn Young’s winter selling strategy today by calling 9385 5559.

PROFILE IMPORTANT LAW CHANGE FOR $2M+ PROPERTY SALES EVERYTHING YOU NEED TO KNOW ABOUT THE NEW RULES

A new property law that has been hyped in the media as “bizarre” and “shocking” is set to take effect on July 1 – but for the vast majority of buyers, it simply means obtaining one extra piece of paperwork.

The new law, which is aimed at reducing tax avoidance amongst foreign residents, will require all sellers of homes sold for $2million or more to produce a ‘Tax Clearance Certificate’, which will verify they are not a foreign resident for the purpose of the new measures.

Without this certificate, the seller will be treated as a foreign resident, regardless of their citizenship or the length of time they have lived in Australia. In this case, a 10 percent non-final withholding tax will be paid directly to the Commissioner following the sale of the property.

The tough new measure is a bid by the government to overcome low

levels of voluntary compliance of Capital Gains Tax amongst foreign residents who sell property in Australia. The amount paid to the Commissioner is not a final tax, and it will be credited against a person’s Australian tax liability once a tax return has been lodged.

Caporn Young chief executive Richard Young says the good news is that the necessary paperwork can be obtained easily, and without hassle.

The Australian Taxation Office is implementing an automated process for issuing clearance certificates, which can be applied for by the seller, or the seller’s agent, online.

The certificates can be applied for at any time, without cost, and are expected to be valid for 12 months.

“For Australian residents who are selling property in this price bracket, the most important fact to remember is that so long as you obtain your Tax Clearance Certificate, you will have

absolutely no problems,” Richard explains.

“You simply need to take the appropriate steps and to ensure compliance with the law. The ATO has indicated that, in straightforward cases, the clearance certificates are expected to be provided within days of the application being made. High risk and unusual cases may take longer than 28 days, so I encourage you to be proactive and get your Tax Clearance Certificate early in the process. This will minimise any risk of delays in the property settlement process.”

For buyers purchasing a property for $2million or more, your settlement agent will need to obtain a clearance certificate from the seller, or pay the prescribed amount to the Commissioner. The relevant amounts must be paid on or before the day the purchaser becomes the owner of the property.

“Whether you are a buyer, an Australian seller or a foreign resident seller, a good conveyancer will be able to guide you through this process and ensure you are abiding by the new laws. If in doubt, reach out to your local Caporn Young representative,” Richard adds.

“While we’re not tax lawyers, we are up-to-speed with the new requirements and we can point you in the direction of the appropriate experts and provide assistance where possible.”

Real estate changing hands for less than $2million is exempt from these new requirements. Detailed information on the new regulations is available on the Australian Taxation Office website www.ato.gov.au.

Search term: ‘Foreign resident capital gains withholding payments’.

MOUNT LAWLEY

AU N IO

CT

MOUNT LAWLEY HERITAGE ICON

4

2

2

1

1518

35 GLENROYD STREET, MOUNT LAWLEY With atmospheric heritage interiors, magical gardens and sweeping city views from the deep verandas, this historic Mount Lawley home, one of the finest in the suburb, combines the elegance of the past with modern, yet sympathetic additions to create a sumptuous and comfortable home in an exclusive, central suburb.

FOR SALE On site Saturday, 25th June at 3:30pm _____________________________________________________________________ INSPECT

Saturday, 18th June 4:00 - 4:45pm Thursday, 23rd June 5:00 - 5:45pm Saturday, 25th June 3:00 - 3:30pm _____________________________________________________________________ KEY FEATURES

Rare double-storey 1917 home, abundant period features Panoramic views of the city & surroundings Sprawling living areas Extensive landscaped formal gardens Extensive security

CLAREMONT | FREMANTLE | APPLECROSS

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

MICHAEL HARRIES 0434 076 229 michael@capornyoung.com.au

www.capornyoung.com.au | 08 9385 5559 |

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EAST FREMANTLE

BIG, BEAUTIFUL FAMILY HOME

4

2.5

2

481

162A MARMION STREET, EAST FREMANTLE With expansive indoor-outdoor living, theatre room, separate guest bedroom, extra upstairs living area, luxurious master suite and fabulously functional kitchen, this big beautiful house defines the modern family home, with tasteful décor and subtle use of warm colours really setting it apart from the rest. Secluded at the rear, this peaceful location offers perfect convenience.

FOR SALE Please call for details _____________________________________________________________________

CONNIE HANDCOCK 0411 115 147 connie@capornyoung.com.au

INSPECT

Saturday, 18th June 11:00 - 11:30am Wednesday, 22nd June 5:30 - 6:00pm Saturday, 25th June 11:00 - 11:30am _____________________________________________________________________ KEY FEATURES

Modern two-storey rear home Fabulous indoor-outdoor entertaining Close to shops, cafes & transport

CLAREMONT | FREMANTLE | APPLECROSS

AIDAN CASEY 0407 423 655 aidan@capornyoung.com.au

www.capornyoung.com.au | 08 9385 5559 |

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NORTH FREMANTLE

O E FF RS

COASTAL CLARITY

2

2

2

192

31/11 LEIGHTON BEACH BLVD, NORTH FREMANTLE This is pure relaxation by the ocean: a minimalist aesthetic, light, space and clarity of design in an exclusive beachfront environment. With a pared-back beachy feel, this ground floor apartment flows beautifully, with an open-plan kitchen living and dining space over eleven metres long opening up to a large alfresco balcony with its own private gate leading to the pool and the gym.

OFFERS Closing Tuesday, 21st June at 4pm _____________________________________________________________________

PHIL HAYES 0420 200 773 phil@capornyoung.com.au

INSPECT Saturday, 18th June 12:30 - 1:00pm _____________________________________________________________________ KEY FEATURES

Simply sophisticated apartment on the beach Light-filled open-plan living Large private courtyard

CLAREMONT | FREMANTLE | APPLECROSS

JAKE SIMMONS 0407 082 383 jake@capornyoung.com.au

www.capornyoung.com.au | 08 9385 5559 |

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SOUTH FREMANTLE

OCEANS OF CREATIVITY

4

2

2

369

3/21 JENKIN STREET, SOUTH FREMANTLE Carved out of Fremantle´s industrial heritage, this creative ocean-view home on the park is a series of inventive, light-filled spaces with a serene feel of airy openness framed by the impressive jarrah and steel beams of the original building. Architecturally designed to flow easily with various independent zones for relaxation, work and entertaining, here you can walk to the beach, shops and cafes and come home to complete peace and quiet.

FOR SALE Please call for details _____________________________________________________________________

MICHAEL HARRIES 0434 076 229 michael@capornyoung.com.au

INSPECT

Saturday, 18th June 10:00 - 10:30am Saturday, 25th June, as advertised _____________________________________________________________________ KEY FEATURES

Ocean, island & port views Light, airy, creative Walk to beach, shops, cafes Several living areas, flexible workspaces

CLAREMONT | FREMANTLE | APPLECROSS

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

www.capornyoung.com.au | 08 9385 5559 |

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SOUTH FREMANTLE

C AU N TI O

19TH CENTURY MAGIC

3

1

2

284

2 NELSON STREET, SOUTH FREMANTLE This 1898 brick and iron cottage is all about authenticity and atmosphere, in one of South Fremantle´s most picturesque streets lined with historic homes in a perfect location between South Beach and the Fishing Boat Harbour.

Here, classic heritage features -bullnose verandah, jarrah floors and high ceilings - combine with the light and comfort of a north-facing open-plan kitchen opening up to the outdoor dining area and charming courtyard.

AUCTION On site Saturday, 2nd July at 10:30am _____________________________________________________________________

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

INSPECT

Saturdays, as advertised Wednesdays, as advertised _____________________________________________________________________ KEY FEATURES

High ceilings, jarrah floors Ducted air-conditioning, gated parking Charming historic street Close to beach, shops, cafes

CLAREMONT | FREMANTLE | APPLECROSS

MICHAEL HARRIES 0434 076 229 michael@capornyoung.com.au

www.capornyoung.com.au | 08 9385 5559 |

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O FF ER

ATTADALE

S

BRING YOUR CREATIVE VISION

3

8 MORRIETT STREET, ATTADALE This 883sqm corner block is the real estate equivalent of a pot of gold at the rainbow´s end. The light-filled home has two distinct living areas, 3 good-sized bedrooms and a wonderful indoor-outdoor vibe. Walking distance to Swan River, parklands, and excellent schools, it´s in the midst of a sought-after family neighbourhood with huge future potential.

OFFERS

2

1

883

1

817

Closing Wednesday, 29th June at 5:00pm

_______________________________________________

INSPECT

By appointment

_______________________________________________

CONTACT Lara Richardson 0417 185 706 Aidan Casey 0407 423 655

O FF ER

ATTADALE

S

ALL AMERICAN FAMILY HOME

5

10 SHEARMAN STREET, ATTADALE Architecturally designed and built in 1967, this is the original Hamptons! Handsome and very spacious, the property is brimming with outstanding features, including a grand master suite and a swimming pool. The huge 300sqm+ interior means you´ll never feel cramped again - update and this ´forever´ home will serve your family through all life stages. 750m to Swan River!

CLAREMONT | FREMANTLE | APPLECROSS

OFFERS

2

2

Closing Wednesday, 29th June at 5:00pm

_______________________________________________

INSPECT

By appointment

_______________________________________________

CONTACT Lara Richardson 0417 185 706 Aidan Casey 0407 423 655

www.capornyoung.com.au | 08 9385 5559 |

/capornyoung

O FF ER

ATTADALE

S

CHOOSE YOUR OWN ADVENTURE

1,700

CORNER SHEARMAN ST & MORRIETT ST, ATTADALE Here´s a real estate opportunity that will get your heart racing: Two side-by-side blocks totalling 1,700sqm. Explore your options to redevelop the site with multiple dwellings... create an incredible sprawling property with all the bells & whistles... or simply keep it ´as is´ and enjoy a home-and-income package. A once-in-lifetime opportunity is staring you in the face!

OFFERS

Closing Wednesday, 29th June at 5:00pm

_______________________________________________

INSPECT

By appointment

_______________________________________________

CONTACT Lara Richardson 0417 185 706 Aidan Casey 0407 423 655

A UC TI O

BIBRA LAKE

N

COUNTRY PARADISE IN THE CITY

5

3 FOXON ROAD, BIBRA LAKE As you wander through this expansive family property, you will be amazed at the calm serenity and warm ambiance of this home. The views over lush green treetops are reminiscent of a country estate in the hills.

CLAREMONT | FREMANTLE | APPLECROSS

3

2

1

762

AUCTION Onsite Saturday, 9th July at 1.30pm _______________________________________________

INSPECT

By appointment

_______________________________________________

CONTACT Arreum Han-Caporn 0450 422 224

www.capornyoung.com.au | 08 9385 5559 |

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NEDLANDS

NEST OR INVEST!

3

64 MERIWA STREET, NEDLANDS Opportunity knocks with this wonderful entry-level family residence!

Three bedrooms, two reception rooms, plus open plan kitchen/dining/ living space. Superb extra separate studio within beautiful established gardens. For anyone with the desire to make their mark on a home, this is a must see property!

FOR SALE

Price on application

INSPECT

By appointment

1

1

455

_______________________________________________ _______________________________________________

CONTACT Chris Storey 0420 290 906

SO

SOLD BY YOUR LOCAL AGENT

4

LD

29 MCKENZIE STREET, WEMBLEY

2

WEMBLEY

This character home offers plenty of comfort and convenience, including a free-flowing living area and a gorgeous swimming pool.

Close to the beach, the CBD, local shops and schools and the freeway, it combines a great location with original charm and neutral finishes throughout.

FOR SALE

Sold in 18 days

INSPECT

Sold in 18 days

CONTACT

Craig Gaspar 0413 929 999 Mandy Pattison 0430 440 924

2 670

_______________________________________________ _______________________________________________

SO

SOLD BY YOUR LOCAL AGENT

4

LD

26 ST VINCENTS AVENUE, WEMBLEY

2

WEMBLEY

This lovely mid-century home offers a freeflowing, bright and airy retreat with beautiful landscaped gardens, plenty of living space and a modern kitchen and bathrooms. Ready to move in with no work to be done and space to extend, it will suit families, professionals and investors.

FOR SALE

Sold in 15 days

INSPECT

Sold in 15 days

CONTACT

Craig Gaspar 0413 929 999 Mandy Pattison 0430 440 924

2 880

_______________________________________________ _______________________________________________

CLAREMONT | FREMANTLE | APPLECROSS

www.capornyoung.com.au | 08 9385 5559 |

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LD

WEST LEEDERVILLE

SO

SOLD BY YOUR LOCAL AGENT

3

25 COLDSTREAM STREET, WEST LEEDERVILLE

2

Beautifully renovated and extended, this divine circa 1900s weatherboard home is the ultimate blend of character and contemporary living with attention to detail that is second to none.

With stunning extra height pressed metal ceilings, picture rails, skirtings, cornices and jarrah floorboards throughout, all the period features have been carefully restored to ensure this gorgeous home has retained all of its original charm.

FOR SALE

Sold in 11 days

INSPECT

Sold in 11 days

CONTACT

Craig Gaspar 0413 929 999 Mandy Pattison 0430 440 924

2 395

_______________________________________________ _______________________________________________

LD

WEST LEEDERVILLE

SO

SOLD BY YOUR LOCAL AGENT

3

115 ST LEONARDS AVE, WEST LEEDERVILLE

2

This renovated and extended character home offers generous living spaces, three bedrooms, and beautiful gardens with subdivision or extension potential. Located between beach and CBD, it´s sure to appeal to families, investors and professionals wanting easy access to the city.

FOR SALE

Sold in 19 days

INSPECT

Sold in 19 days

CONTACT

Craig Gaspar 0413 929 999 Mandy Pattison 0430 440 924

1 670

_______________________________________________ _______________________________________________

R FO A SE

EAST FREMANTLE

LE

EXCEPTIONAL QUALITY & STYLE!

3

172A PRESTON POINT ROAD, EAST FREMANTLE Perfectly positioned to take in sweeping river views, this recently renovated contemporary home provides spacious living options in a low-maintenance package. Situated on a sizeable block, this fine home is one of exceptional quality and style, and offers the ultimate in modern living.

CLAREMONT | FREMANTLE | APPLECROSS

2

2

600

FOR LEASE Please call for details

_______________________________________________

INSPECT

By appointment

_______________________________________________

CONTACT Lachlan Burrows 0422 666 072

www.capornyoung.com.au | 08 9385 5559 |

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TO VIEW ALL OUR PROPERTIES FOR SALE

GO TO CAPORNYOUNG.COM.AU CL A RE MONT OF F I C E

CLAREMONT (ID: 3031701)

CLAREMONT (ID: 3028808)

COTTESLOE (ID: 3033952)

DAGLISH (ID: 3026756)

LEEDERVILLE (ID: 3038775)

MOUNT LAWLEY (ID: 3044900)

NEDLANDS (ID: 3046517)

PERTH (ID: 3042587)

SUBIACO (ID: 3029976)

WEST LEEDERVILLE (ID: 3042185)

WEST LEEDERVILLE (ID: 3039507)

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FRE MA N T L E OF F I C E

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EAST FREMANTLE (ID: 3047645)

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NORTH FREMANTLE (ID: 3032847)

NORTH FREMANTLE (ID: 3023582)

SOUTH FREMANTLE (ID: 3045858)

WHITE GUM VALLEY (ID: 3047229)

A P PL E CROS S OF F I C E

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ATTADALE (ID: 3045364)

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BOORAGOON (ID: 3038767)

MELVILLE (ID: 3047924)

MOUNT PLEASANT (ID: 3030916)

MYAREE (ID: 3024411)

ROSSMOYNE (ID: 3046755)

ROSSMOYNE (ID: 3047443)

SHELLEY (ID: 2955814)

WILLAGEE (ID: 3048339)

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CLAREMONT | FREMANTLE | APPLECROSS

www.capornyoung.com.au | 08 9385 5559 |

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RENTAL REVIEW

Lee Fitzgerald - Licensee | Property Management Team Leader

ARE YOU MAKING THE MOST OF YOUR TAX DEDUCTIONS? The ATO makes some fantastic tax deductions available to property investors - but with the end of the financial year speeding towards us, time is running out! If you plan to making the most of your deductions this year, I recommend getting on top of any maintenance jobs or small renovations straight away.

The benefit of doing this is two-fold. Tenants are spoilt for choice in our current rental market, and it’s the well maintained properties that are faring well.

Small improvements are the kiss of life, and do wonders for tenant loyalty, as well as the amount of interest a property attracts on the market. Resurfacing bathrooms, replacing old carpet and repainting all have a big impact.

We’re happy to provide advice around this subject, so feel free to reach out to your property manager for a discussion. If you´re looking at renovating, also make sure you speak to us about organising a depreciation report. As always, we are here to help!

FOR LEASE HOT PROPERTIES ATTADALE 99a Moreing Road

Call for details

4

2

BEACONSFIELD 29 Livingstone Street

2

EAST FREMANTLE 67 Petra Street

$640 per week

3

2

1

MOSMAN PARK 70/31 Wellington Street

Call for details

2

1

1

Call for details

3

1

1

FREMANTLE 12 Bolton Place

$650 per week

2

1

3

1

$545 per week

3

2

2

HAMILTON HILL 5/395 Carrington Street

1

WHITE GUM VALLEY 57 Samson Street

Call for details

COMO 3/38 Comer Street

2

$350 per week

1

1

1

WHITE GUM VALLEY 6 Stokes Street

Call for details

3

1

2

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

CLAREMONT | FREMANTLE | APPLECROSS

www.capornyoung.com.au | 08 9385 5559 |

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NO OTHER LOCAL AGENCY HAS BETTER ACCESS TO BUYERS

L AS T W E E KE ND WE MET

226 BUYE R S

LAST MONTH W E M ET

ON AVER AG E WE SELL

B U Y ERS

H OMES P ER M ONTH

897

27

Which means we have 870 buyers left over last month alone

www.capornyoung.com.au | 08 9385 5559