CY Magazine - Issue 61

3 SEPTEMBER 2016 | ISSUE 61

Riverside Retreat This contemporary home offers a beautiful retreat by the river, with leafy low-maintenance gardens, four bedrooms, sprawling living areas, and sweeping river views.

GET INSIDE 85,000 HOMES ADVERTISE YOUR PROPERTY IN CY MAGAZINE

FR E E E V ER Y FO R T N 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

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

THE AUCTION RESULTS ON PAR WITH LOTTO WINS Every August, the Real Estate Institute of WA announces the Top 15 auction agencies in the state, and it was a huge buzz to see all 3 Caporn Young offices once again at the top. We have trail-blazed the success of auctions in Perth’s real estate market and are huge supporters of this powerful sales method.

You only have to look as far as Melbourne to see what can be achieved in a sophisticated auction landscape – this is what Caporn Young is creating in Perth.

We have seen many incredible results in recent years. One memorable auction on Vera Street in Cottesloe resulted in a sale $450,000 above the reserve price (after the property had been unsuccessfully on the market for 9 months with one of our competitors). Another in City Beach sold $204,000 above reserve, and one in Bicton went $202,000 above. For the owners of these properties, the extra windfall is not far from

being a lotto win. You have to wonder, would the same result been achieved without bidders competing fiercely on the auction day? Would a private negotiation have raised the selling price by half a million dollars?

CY Magazine is published by: 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.

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

Although we continue to put equal amounts of time and effort into optimising the negotiation skills in the Caporn Young team, it’s hard to deny the powerful dynamic of an auction. In an auction, buyers go head-to-head against other buyers, rather than head-to-head with an agent.

Buyers are much more comfortable with raising their price a little higher when they can see that someone else is prepared to pay more as well.

Next month, we will take auctions in Perth to a new level with an exciting new concept, The Big Call. The article, which will be featured in our next edition, explains this innovative concept in more detail – if you are considering a move in the near future, I encourage you to contact your local CY representative to discuss whether it’s right for you. The Big Call is going to be the place to be to buy or sell a property this Spring.

COVER: A riverside retreat at 25B Moreing Road, Attadale. Contact Michael Harries 0434 076 229 or Stefanie Dobro 0409 229 115 for details.

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A S K G AV I N

Gavin Hegney - Independent Property Analyst

THE RIPPLE EFFECT Hi and welcome again to the next article in this series.

The other night I sat down watching the Olympics and decided to research the Fremantle market and properties for sale which prompted me to write this article. It should also prove to my family that I really can do multiple things at once.

Today I want to discuss a principle that is alive and well in many markets and has traditionally given great insight into where to find the next great opportunity. The principle I refer to is the Ripple Effect, coined so after the concept of dropping a pebble into a still pond and watching the ripples work their way outward from the centre, losing intensity are they radiate.

Over the years I have found this principle applies in the property market and is soundly based in the concept that nothing happens in isolation.

Today, for instance, anyone aiming to buy a home in South Fremantle would be aware that prices have increased with both the median prices for both houses and units lifting by 9% and 13% respectively over the last year according to REIWA statistics for the year ending March 2016. In contrast, the 10 year change for houses is 5.56%, suggesting that the suburb is experiencing above average buyer interest and that this will spill over, or ripple into the surrounding suburbs as buyers look for value for money.

Furthermore a search of activity shows hotspots in the surrounding suburbs of North Fremantle, Coogee and parts of White Gum Valley and Beaconsfield indicating that this ripple is already occurring.

Traditionally the sales activity is a

lead indicator, showing up first before the values rise, much the same as you hear the pebble splash sound before you see and experience the ripples.

It is interesting to contrast the surrounding suburbs 1 year and 10 year change in median prices as set out in the table.

in South Fremantle it is no different with most activity in the $750 000 to $1.2m price bracket. If you’re trying to buy in this price range you will know it is relatively difficult at the moment despite the calls of a lagging WA economy and property market.

I believe you are already witnessing

House median prices % change 1 year

10 year

South Fremantle

13.00

5.56

Fremantle

-2.11

4.84

White Gum Valley

-7.71

4.93

Beaconsfield

-3.58

5.22

East Fremantle

-1.04

5.35

The logical question then becomes, what comes next?

Is South Fremantle just fundamentally changed or will the ripple effect be felt into these surrounding suburbs?

To answer this we must first acknowledge that median prices provide only a guide as to values and can sometimes offer more an indication of activity levels rather than price movements, however anyone watching this market closely over the last year knows that the buyer interest has increased values.

The reason the South Fremantle market has moved is simply, in my opinion, because it offered value for money, a great lifestyle, improved amenity coming south from both North Coogee and the Coogee Marina and has a wide range of property types and price points broadening and capturing the buyer appeal. Interestingly, the trade up buyers are active around Perth and

the ripple effect into surrounding suburbs and anyone buying in that trade up price bracket in East Fremantle, for instance, would be experiencing some difficultly.

“... nothing happens in isolation.”

There are similar trends emerging in other similar priced suburbs such as Subiaco, Shenton Park and Mosman Park.

Ultimately this ripple effect will

flow further to other outer suburbs, probably to a lesser extent, especially given the historically low interest rates and expectation of further reductions.

The broader aspect is that this is not just happening locally, it is occurring nationally. Strong property markets in both Sydney and Melbourne will ripple to other states over time, as history suggests.

So what may we take away from this?

A degree of confidence that there is always opportunity and that nothing occurs in isolation. Markets change over time, all markets change over time.

Being aware that they change, accepting that they change, and positioning yourself for that change is where the opportunity presents itself.

Have a look in the surrounding suburbs and understand what is happening there. Perhaps you are already positioned in the pacesetter or at the pebble epicentre.

Anyway back to the Olympics and I just missed the replay of the 100m and 200m men’s finals and history being made by one of the greatest runners, Usain Bolt, just disproving my ability to do more than 1 thing at a time. But then again he only needs to do 1 thing at a time and look where it’s got him. So there’s success in focus is my new mantra.

Thanks again for all the feedback from the past articles, and again, I welcome your comments and feedback on this one.

Gavin Hegney askgavin@capornyoung.com.au Gavin is a guest writer for the magazine. The views expressed are his and do not necessarily reflect those of the company.

N TI O

ATTADALE

C AU

EASY RIVERSIDE LIVING

4

2

3

530

25B MOREING ROAD, ATTADALE This sumptuous riverside home offers generous living areas, charming courtyard gardens and terraces and sweeping river views. Close to the river, Fremantle and freeway for CBD access, as well as excellent local schools, it combines a pristine, coveted location with exceptional comfort and lowmaintenance convenience.

AUCTION On site Saturday, 17th September at 2:30pm _____________________________________________________________________

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

INSPECT

Saturdays, 2:00 - 2:30pm Thursdays, 5:00 - 5:30pm _____________________________________________________________________ KEY FEATURES

Two living areas, private & secure Low-maintenance paved courtyard Space for boat, extra car or gym Split-system reverse-cycle & ducted air-conditioning

CLAREMONT | FREMANTLE | APPLECROSS

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

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

/capornyoung

N TI O

CANNINGTON

C AU

BRAND NEW RIVERFRONT HOMES

4

2

2

1

1

246

2/46-48 MARRIAMUP STREET, CANNINGTON If you have your sights set on living in a brand new quality home, here are two that have just been completed and are ready for you to become the first proud owners! Each of these freestanding double-storey modern homes in an exclusive group of only six, have been individually designed but complement each other perfectly. The quality construction, high spec kitchen and tasteful decor is also sure to impress.

AUCTION On site Saturday, 24th September at 11:00am _____________________________________________________________________ INSPECT

Saturdays 10:30-11:00am Thursdays 6:00-6:30pm _____________________________________________________________________ KEY FEATURES

Brand new double storey homes Quality finishes & modern décor Peaceful river front position

CLAREMONT | FREMANTLE | APPLECROSS

ADAM PILLER 0402 456 485 adam@capornyoung.com.au

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

/capornyoung

N TI O

CANNINGTON

C AU

PEACEFUL RIVERFRONT LIVING

4

2

2

1

1

246

5/46-48 MARRIAMUP STREET, CANNINGTON These large individual homes provide the lucky new owners with an idyllic lifestyle within this peaceful riverfront pocket where your park and river location will never be built out. Start daydreaming, plan to bid with confidence and then look forward to moving into your brand new home just in time to plan your summer parties!

AUCTION On site Saturday, 24th September at 11:30am _____________________________________________________________________ INSPECT

Saturdays 10:30-11:00am Thursdays 6:00-6:30pm _____________________________________________________________________ KEY FEATURES

Easy access to Carousel Shopping Centre Exclusive group of six free-standing homes Private alfresco entertaining area

CLAREMONT | FREMANTLE | APPLECROSS

ADAM PILLER 0402 456 485 adam@capornyoung.com.au

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

/capornyoung

LD

COTTESLOE

SO

A UNIQUE OPPORTUNITY

3/4

3

2

704

3 BOREHAM STREET, COTTESLOE We currently have four under bidders who unfortunately missed out on this property plus an extensive range of buyers in all price ranges.

Please call us if you are considering selling your Cottesloe home.

RICHARD YOUNG 0412 385 056 FOR SALE Sold under the hammer _____________________________________________________________________

richard@capornyoung.com.au

INSPECT Sold under the hammer _____________________________________________________________________ KEY FEATURES

Swimming pool Double street frontage Studio/guest quarters

CLAREMONT | FREMANTLE | APPLECROSS

CHRIS DAY 0426 819 721 chris@capornyoung.com.au

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

/capornyoung

N TI O

EAST FREMANTLE

C AU

HISTORY & ORIGINALITY

5

2

1

508

58 KING STREET, EAST FREMANTLE This early 20th century stone classic graces a very desirable street and offers the perfect blend of heritage features flowing into the space and light of a two-storey extension created with excellent design sense and considerable flair. With a sleek open-plan kitchen, indoor-outdoor living, two beautiful new bathrooms, separate living areas and large rear gardens, this is a very generous home in the perfect spot for family life in the Plympton community.

AUCTION On site Saturday, 17th September at 12:30pm _____________________________________________________________________

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

INSPECT

Saturdays, 12:00 - 12:30pm Wednesdays, 5:00 - 5:30pm _____________________________________________________________________ KEY FEATURES

High ceilings, polished floorboards Two living areas, studio potential Walk to East Freo Primary & JCCA Reverse-cycle air-conditioning, alarm security

CLAREMONT | FREMANTLE | APPLECROSS

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

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

/capornyoung

EAST FREMANTLE

SO LD

SOLD IN 34 DAYS

4

2.5

2

1

362

46A PIER STREET, EAST FREMANTLE Demand for quality properties in East Fremantle is high and stock is in short supply. If you have had any thoughts of selling or would simply like a market update or advice on renovating, please contact us for a completely confidential chat. We look forward to helping you!

STEFANIE DOBRO 0409 229 115 FOR SALE SOLD _____________________________________________________________________

stefanie@capornyoung.com.au

INSPECT Please contact agents for details _____________________________________________________________________ KEY FEATURES

Proactive & engaging agents Exceptional negotiators Motivated to help people Strong work ethic Reliable, honest & trustworthy team

CLAREMONT | FREMANTLE | APPLECROSS

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

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

/capornyoung

MOUNT PLEASANT

OUTSTANDING OPPORTUNITY

5

3

5

964

183 THE ESPLANADE, MOUNT PLEASANT Are your priorities a big family home, sensational water views with the opportunity to add value? This is the family paradise you’ve been waiting for.

Make it yours today - will be sold! Perched on Mt Pleasant’s front row, it offers panoramic river views, extending all the way to Perth’s city skyline. The sunsets and sunrises are spectacular, and the water can be seen from just about anywhere on the property.

FOR SALE Offers _____________________________________________________________________

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

INSPECT By appointment _____________________________________________________________________ KEY FEATURES

Elevation ensures privacy from the street Five car garage, workshop & wine cellar Quality workmanship throughout Designed by architects Perrine & Birch

CLAREMONT | FREMANTLE | APPLECROSS

EMMA MCCARTHY 0417 920 448 emmam@capornyoung.com.au

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

/capornyoung

N TI O

VICTORIA PARK

C AU

RENOVATE OR DEVELOP

3

1

1

1013

94 MACKIE STREET, VICTORIA PARK On the market for the first time in 48 years, this great ´Australian Dream´ property consists of 1013sqm (R30) of prime inner city real estate in the heart of the highly sought after "Raphael Park District". This versatile opportunity is rarely offered, you decide whether to live in, renovate, lease, sub-divide OR start planning your triplex development - the choice is yours!

AUCTION On site Saturday, 17th September at 10:30am _____________________________________________________________________ INSPECT Please call for details _____________________________________________________________________ KEY FEATURES

R30 Zoning - Potential for 2 blocks or a triplex development North-facing, rectangle block with 20.1m street frontage A few minutes walk to Victoria Park Primary School

CLAREMONT | FREMANTLE | APPLECROSS

ARREUM HAN-CAPORN 0450 422 224 arreum@capornyoung.com.au

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

/capornyoung

ACHIEVING EXCEPTIONAL RESULTS IN WEMBLEY & WEST LEEDERVILLE C R A I G G A S PA R

Marlow St, Wembley

0413 929 999

Kimberley St, West Leederville

IN S LD AY SO 9 D 1

CRAIG GASPAR

Essex St, Wembley

IN S LD AY SO 4 D 1

IN S LD AY SO 9 D 1 Harborne St, Wembley

IN LD AYS SO D 9

IN S LD AY SO 8 D 2

IN LD AYS SO D 9 McKenzie St, Wembley

St Leonards Ave, West Leederville

With Perth’s average days on market sitting at 64 (reiwa.com), you can rely on Craig to get you a great result sooner.

craig@capornyoung.com.au

CLAREMONT | FREMANTLE | APPLECROSS

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

/capornyoung

TO VIEW ALL OUR PROPERTIES FOR SALE OR LEASE

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

CLAREMONT (ID: 3081230)

CLAREMONT (ID: 3088177)

CLAREMONT (ID: 3088196)

COTTESLOE (ID: 3080194)

COTTESLOE (ID: 3033952)

COTTESLOE (ID: 3043534)

COTTESLOE (ID: 3087344)

MOSMAN PARK (ID: 3087954)

MT CLAREMONT (ID: 3073710)

PEPPERMINT GROVE (ID: 3068421)

SUBIACO (ID: 3029976)

SUBIACO (ID: 3075285)

WEMBLEY (ID: 3087357)

WEST PERTH (ID: 3081321)

FRE MA N T L E OF F I C E

COOGEE (ID: 3071148)

EAST FREMANTLE (ID: 3089951)

EAST FREMANTLE (ID: 3047645)

EAST FREMANTLE (ID: 3072087)

EAST FREMANTLE (ID: 3081058)

FREMANTLE (ID: 3029306)

FREMANTLE (ID: 3056889)

FREMANTLE (ID: 3086156)

FREMANTLE (ID: 2996152)

FREMANTLE (ID: 3056307)

FREMANTLE (ID: 3067084)

NORTH COOGEE (ID: 3074371)

NORTH FREMANTLE (ID: 3049261)

NORTH FREMANTLE (ID: 3035241)

NORTH FREMANTLE (ID: 3072356)

NORTH FREMANTLE (ID: 3076111)

NORTH FREMANTLE (ID: 3088416)

SOUTH FREMANTLE (ID: 3090851)

SOUTH FREMANTLE (ID: 3075279)

WHITE GUM VALLEY (ID: 3043548)

WHITE GUM VALLEY (ID: 3087095)

A P PL E CROS S OF F I C E

ATTADALE (ID: 3092783)

ATTADALE (ID: 3088439)

ATTADALE (ID: 3085771)

ATTADALE (ID: 3045356)

BOORAGOON (ID: 3080552)

MOUNT PLEASANT (ID: 3088639)

MOUNT PLEASANT (ID: 3085346)

MOUNT PLEASANT (ID: 3050386)

MOUNT PLEASANT (ID: 2950244)

MYAREE (ID: 3086837)

ROSSMOYNE (ID: 3047443)

ROSSMOYNE (ID: 3046755)

SALTER POINT (ID: 2953455)

SOUTH PERTH (ID: 3080282)

SOUTH PERTH (ID: 3085502)

VICTORIA PARK (ID: 3087530)

VICTORIA PARK (ID: 3092263)

WILLAGEE (ID: 3092232)

WILLAGEE (ID: 3092120)

WILLAGEE (ID: 3080747)

WILLAGEE (ID: 3076232)

CLAREMONT | FREMANTLE | APPLECROSS

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

/capornyoung

E AS LE

APPLECROSS

R FO

ENTERTAINERS DELIGHT

4

3

2

1,012

3 FRANCIS ROAD, APPLECROSS Located in the highly desirable Applecross, this large executive family home makes an instant impression with its majestic proportions and immaculate presentation. Built over two levels this pristine residence should be seen to be appreciated.

LACHLAN BURROWS 0422 666 072 FOR LEASE Please call for details _____________________________________________________________________

lachlan@capornyoung.com.au

INSPECT By appointment _____________________________________________________________________ KEY FEATURES

Views overlooking the river Crystal clear blue pool Polished wooden floorboards Separate studio

CLAREMONT | FREMANTLE | APPLECROSS

DYLAN PANETTA 0400 726 559 dylan@capornyoung.com.au

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

/capornyoung

RENTAL REVIEW

Lee Fitzgerald - Licensee | Property Management Team Leader

THE CLOUD ALWAYS HAS A SILVER LINING It’s no secret that Perth’s residential rental vacancy rate has not been a star performer in the last 12 months - figures from SQM Research indicate around 5 percent of the region’s stock is currently vacant. You can be assured this means 95 per cent of properties are continuing to be leased (and Caporn Young´s success rate is over 99%!).

approach, team work and local knowledge. Last week, we received a heartwarming testimonial that illustrated this in action.

Our clients James and Katy praised Dylan and the wider team for prompt and informative recommendations, as well as an exceptional outcome. “Within a few showings, Dylan was able to secure a quality tenant, paying above our asking price... which we thought was almost impossible in this market,” they wrote.

Tenants are still looking for their next home, it’s just a matter of being their top pick.

If you´d like to know how we can do the same for you, don´t hesitate to get in contact with me.

Our success in the current market is being driven by our strategic

FOR LEASE HOT PROPERTIES BOORAGOON 216 Riseley Street

Call for details

4

2

2

NORTH FREMANTLE 9 Jackson Street

Call for details

3

1

2

SOUTH FREMANTLE 13 Chester Street

$490 per week

1

1

1

FREMANTLE 4/15 Essex Street

Call for details

2

2

FREMANTLE 45/10 Quarry Street

1

NORTH FREMANTLE 18 Pearse Street

$595 per week

3

1

2

SUBIACO 4/23 Hensman Road

Call for details

1

1

Call for details

1

1

1

NORTH FREMANTLE 404/6 Doepel Street

$640 per week

3

2

2

WILLAGEE 10/250 Stock Road

1

$300 per week

2

1

1

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 |

/capornyoung

Brighten up.

Ready to leave the winter blues behind?

Here’s something to smile about.

We’re currently meeting hundreds of new buyers every week.

So if you’re planning a positive real estate move this year, let the team at Caporn Young make the experience a joyous one.

Let’s discuss your options today.

9385 5559 www.capornyoung.com.au