CY Magazine - Issue 62

17 SEPTEMBER 2016 | ISSUE 62

Breath Taking Mansion Prepare to have your breath taken away by this one-of-a-kind residence which holds a prime waterfront position, it enjoys elevated river views and spectacular sunsets.

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

GEARING UP FOR THE AUCTION EVENT OF THE YEAR Auctions are moving forward in leaps and bounds in Perth, and I’m proud that Caporn Young is leading the industry in this fast-growing space.

This Spring, we’re taking this hugely successful sales method up a gear. ‘The Big Call’ is our latest initiative, which will see dozens of CY properties promoted together and then auctioned in a single, action-packed day on October 29.

If you’re selling, the large amount of publicity means more ready-to-act buyers’ eyes on your property, and more bidders competing to own it on auction day. The staggered schedule allows buyers to attend as many auctions as possible, maximising their chance of a successful purchase on the day.

A common question I’m hearing from buyers is how they can best organise their finances so a

deposit is ready to go when required. Sometimes banks are unable to provide a satisfactory arrangement, and one alternative that has worked very effectively for our clients is a deposit bond, also known as a deposit guarantee. These are typically provided by specialist home deposit lenders or mortgage brokers, and can be a lower cost alternative to an overdraft, bridging finance or short-term loan.

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:

As with any financial agreement, please seek out advice that’s based on your situation. Sellers also have the right to refuse a deposit bond, so it is essential to check with the selling agent before you bid, ideally allowing enough time to arrange the cash if required.

The Caporn Young team is always happy to answer any questions or point you in the direction of the appropriate professional advisor, so don’t hesitate to reach out to us if you need.

In the meantime, I wish you all the best on your next move.

COVER: Breathtaking riverfront home at 11 Satler Point Parade, Salter Point. Contact Steven Currie 0413 984 569 or Emma McCarthy 0417 920 448 for more information.

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PROFILE GET READY FOR THE AUCTION EVENT OF THE YEAR COMING SOON TO YOUR NEIGHBOURHOOD! Next month, Caporn Young Estate Agents will present an auction extravaganza that has never before been seen in Western Australia.

Harnessing the powerful momentum that comes from a collaborative effort, “The Big Call” will see dozens of Caporn Young properties promoted together and then auctioned in a single, action-packed day.

The high-profile event, which coincides with Perth’s busy Spring selling season, offers a number of advantages to both buyers and sellers. Caporn Young chief executive Richard Young explains that for buyers, the entire process of bidding is streamlined, with a staggered schedule that allows people to attend as many auctions as possible and maximise their chance of a successful purchase on the day.

“Rather than spending every weekend in the lead up to Christmas attempting to buy their next property, buyers can make a concentrated effort on October 29 and have the best shot at walking away with exactly what they have been looking for,” he says.

The Big Call is also timed perfectly

for buyers to take advantage of Australia’s historically low interest rates, which make paying off a mortgage cheaper than it has ever been.

Meanwhile, the event provides sellers with a completely unique opportunity to maximise the impact their property has on the market. The large amount of publicity surrounding the event means more ready-to-act buyers’ eyes on your property, and more bidders competing to own it on auction day.

Leveraging off ‘strength in numbers’, The Big Call’s special marketing packages offer vendors incredible value for money, plus every property will receive complimentary advertising to the value of $1,200.

The event’s high profile will further enhance any amount of publicity that an individual property will attract on its own.

“Like most things in life, something that works in synergy is much stronger than the sum of its parts.

That’s what The Big Call is all about,” Richard says. “With the launch of our upcoming marketing campaign, buyers will quickly recognise that The Big Call is the place to be to

“Like most things in life, something that works in synergy is much stronger than the sum of its parts.” purchase their next home.”

Richard adds that although Perth had been slow to fully embrace auctions in the past, there was no longer any doubt about this powerful sales method.

“Sales data from the Real Estate Institute of WA and independent

market analysts points clearly at auctions being the number one most effective way to sell a property,” he explains. “I believe it’s because auctions send a clear message to the market that a property will be sold at a particular time, on a particular day – there’s a sense of urgency compelling buyers to act. This creates a competitive environment and allows the true market value of the property to be realised.”

Part of the reason auctions have become so successful, Richard adds, is because it is also the fairest method of sale on buyers.

Auctions are transparent by nature, allowing buyers to see exactly what their competition is doing, and act accordingly. All the while, sellers can take comfort in the security of being able to set the reserve price, under which the property will not change hands.

For more information about selling your property at The Big Call, or participating as a buyer, please contact your local Caporn Young representative. Individual contact details can be found at www. capornyoung.com.au/ourteam or by calling 9385 5559.

CLAREMONT

AU N IO

CT

ELEGANT RIVERSIDE LIVING

4

3

2

16A VICTORIA AVENUE, CLAREMONT A landmark on Victoria Avenue, "The Mansions" are delightful inside, with graceful living over three levels and beautifully maintained communal areas, secure private garaging and a long pool overlooking the river where the lapping of the river is the only sound. Built circa 1897 and set over three levels, this outstanding Victorian Terrace features all the architectural features of the period and offers expansive river views from all three levels. With the scope to update and MICHAEL HARRIES add your own signature, this is a luxurious lock-and-leave property that combines elegant 0434 076 229 European architecture, style and space with the attractions of exceptional waterfront living. michael@capornyoung.com.au AUCTION On site, Saturday 8th October at 10:30am _____________________________________________________________________ INSPECT

Saturdays, 10:00 - 10:30am Thursdays, 5:30 - 6:00pm _____________________________________________________________________ KEY FEATURES

Formal living room with terrace overlooking river French Provincial kitchen Low-maintenance alfresco areas

CLAREMONT | FREMANTLE | APPLECROSS

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

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

/capornyoung

EXMOUTH GULF

N TE DE R

NINGALOO TOURISM ICON NINGALOO LIGHTHOUSE RESORT EXMOUTH, EXMOUTH GULF Offered by retiring sellers, to be sold as a going concern and located on the tip of the North West Cape, by Ningaloo Reef and the Cape Range National Park, the Ningaloo Lighthouse Caravan Park is a beacon for national and international tourism. This well-established business occupies a rare patch of paradise, offering an exceptional opportunity to step into a profitable business without the need for major capital expenditure and to purchase scarce freehold land in a treasured region that is unique in the world.

TENDER International Tender closing Thursday, 29th Sept at 4pm _____________________________________________________________________ INSPECT Please call for details _____________________________________________________________________ KEY FEATURES

Rare 14.8 hectares freehold land Chalets, cabins, bungalows, caravans, camping Accommodates up to 720 visitors Renovated heritage homestead Shop, cafĂŠ, pool, tennis

CLAREMONT | FREMANTLE | APPLECROSS

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

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

/capornyoung

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 Saturday, 17th September 2:00 - 2:30pm _____________________________________________________________________ KEY FEATURES

Two living areas, private & secure Balcony terrace overlooking the river Low-maintenance paved courtyard gardens 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

BEACONSFIELD

RESORT STYLE SANCTUARY

3

2

2

539

16A CADD STREET, BEACONSFIELD Come home to a calm, relaxing sanctuary, where a natural Fremantle feel meets thoughtful design to create a resort-style home with beautifully landscaped gardens in a quiet, treed street. The pretty exterior offers a clever contemporary interpretation of the idea of a traditional Fremantle cottage, while inside it´s all light-filled and luxurious, with gleaming marri floors, gorgeous big kitchen, pool-side master suite and stunning open-plan living.

FOR SALE Please call for details _____________________________________________________________________

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

INSPECT

Saturday 17th September, as advertised Saturday 24th September, as advertised _____________________________________________________________________ KEY FEATURES

Light-filled open-plan living Big, gorgeous kitchen Calm, peaceful & secure Close to park, shops, school

CLAREMONT | FREMANTLE | APPLECROSS

MICHAEL HARRIES 0434 076 229 michael@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

N TI O

EAST FREMANTLE

C AU

HISTORY & ORIGINALITY

4

2

1

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 Saturday, 17th September 12:00 - 12:30pm _____________________________________________________________________ KEY FEATURES

High ceilings, polished floorboards Two living areas, studio potential Big backyard 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

FLOREAT

READY FOR ITS NEXT CHAPTER

5

2.5

3

822

30 HORNSEY ROAD, FLOREAT This much-loved property has been owned by one family for the last 40 years.

Spacious & well designed, the main house is complemented by a selfcontained apartment and a large workshop at the rear. It´s proven to be a magical place for children to grow up, with spacious front and back yards, as well as a safe cul-de-sac position that allows the local kids to play together in the street.

FOR SALE Low $1,000,000’s _____________________________________________________________________ INSPECT

Saturdays 12:00 - 12:30pm Wednesdays 5:30 - 6:00pm _____________________________________________________________________ KEY FEATURES

Private position on a quiet cul-de-sac 200m to library & Floreat Forum Jarrah floors (under the carpet!)

City & beach within 10 mins

CLAREMONT | FREMANTLE | APPLECROSS

HELEN HEMERY 0408 370 809 helen@capornyoung.com.au

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

/capornyoung

FLOREAT

R DE R E UN FF O

COASTAL LIVING ON OFFER

4

2

2

987

143 THE BOULEVARD, FLOREAT With tranquil views out to native bushland and a generous block, this 1960s home offers three bedrooms, a range of living spaces, and plenty of midcentury charm, along with the potential to revive or rebuild in an enviable location. Close to the newly redeveloped City Beach, Floreat Forum, Perry Lakes and Bold Park, it offers a relaxed lifestyle in one of Perth´s most liveable suburbs.

AUCTION Under Offer - Auction Cancelled! _____________________________________________________________________ INSPECT Please call for details _____________________________________________________________________ KEY FEATURES

Original single-storey Sixties home on a generous block Open-plan living room with tranquil bushland views Large front garden and courtyard with storeroom/ workshop

CLAREMONT | FREMANTLE | APPLECROSS

CRAIG GASPAR 0413 929 999 craig@capornyoung.com.au

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

/capornyoung

FREMANTLE

WAREHOUSE HOME ON THE WHARF

2

2

2

9/1 JAMES STREET, FREMANTLE Right on the harbour looking out on the water and the ever-changing life of the port, you can´t get more Fremantle than this two-level warehouse conversion with cathedral ceilings, big jarrah beams, timber floors and large internal spaces. The expansive master suite has its own balcony, and a huge open-plan kitchen/living area is perfect for waterside entertaining, opening up to an elevated terrace with fascinating views. Walk to everything.

FOR SALE Please call for details _____________________________________________________________________

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

INSPECT

Saturday 17th September, as advertised Saturday 24th September, as advertised _____________________________________________________________________ KEY FEATURES

Timber floors, big jarrah beams Entertaining terrace Secure parking & large undercroft storage Intercom security

CLAREMONT | FREMANTLE | APPLECROSS

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

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

/capornyoung

PEPPERMINT GROVE

RIVER PRECINCT

4

3

4

1219

41 LEAKE STREET, PEPPERMINT GROVE Located in Perth´s most prestigious suburb of Peppermint Grove, this beautiful home is a delightful discovery. Hidden from the street and situated on an elevated 1219 sqm block just 150 metres to the river´s edge, a lovely home which highlights the classic charm and timelessness of an aesthetic synonymous with style and elegance. An opportunity exists to upgrade and add value.

FOR SALE Mid $3,000,000’s _____________________________________________________________________

RICHARD YOUNG 0412 385 056 richard@capornyoung.com.au

INSPECT Saturday, 17th September 12:00-12:30pm _____________________________________________________________________ KEY FEATURES

Lift Expansive open plan living Multiple living areas Palatial master suite Rear lane access

CLAREMONT | FREMANTLE | APPLECROSS

CHRIS DAY 0426 819 721 chris@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 Saturday 17th September 10:00am _____________________________________________________________________ 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

WEST LEEDERVILLE

LOVE AT FIRST SIGHT

3

1

2

650

9 BLENCOWE STREET, WEST LEEDERVILLE This lovely period home offers a spacious, beautifully restored home with extensive gardens, plenty of living space and a modern kitchen and bathroom. Ready to move in with no work to be done and space to extend into the huge backyard, it will suit families, professionals and investors.

FOR SALE Mid $1,000,000’s _____________________________________________________________________ INSPECT Saturdays 1:00 - 1:30pm _____________________________________________________________________ KEY FEATURES

Abundant period features including polished jarrah floorboards & leadlight windows Manicured front garden and generous backyard Surrounded by parks, schools and cafes

CLAREMONT | FREMANTLE | APPLECROSS

CRAIG GASPAR 0413 929 999 craig@capornyoung.com.au

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

/capornyoung

WEST LEEDERVILLE

LUXURY AMONGST THE TREETOPS

3

2.5

2

203

96E WOOLWICH STREET, WEST LEEDERVILLE Contemporary, relaxed living awaits in this beautiful home. In a secure group of 5, your new abode overlooks the green expanse of Cowden Park. Generous, light filled spaces and quality finishes offer you a fantastic new way of living lightly and securely.

FOR SALE Please call for details _____________________________________________________________________ INSPECT

Sneak Preview Saturday, 17th September Thursday, 22nd September 5:30 - 6:00pm _____________________________________________________________________ KEY FEATURES

North facing balcony with park views Stunning Marri floors Quartz benchtops Bosch stainless steel appliances

CLAREMONT | FREMANTLE | APPLECROSS

CRAIG GASPAR 0413 929 999 craig@capornyoung.com.au

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

/capornyoung

ARDROSS

OUTSTANDING OPPORTUNITY

4

3 HICKEY STREET, ARDROSS FOR SALE

$1,495,000-$1,565,000

INSPECT

By appointment

2

1012

2

2

1062

_______________________________________________ _______________________________________________

CONTACT Steven Currie 0413 984 569 Emma McCarthy 0417 920 448

MOUNT PLEASANT

BARELY ABOVE LAND VALUE - WILL BE SOLD! Located in arguably Ardross’s best street and boasting a wonderful elevation that maximizes river and parkland views, this striking family home offers a modern adaption of its stylish art-deco design. Sitting on a 1012sqm block zoned R20 with sweeping treetop views to Melville Waters and adjacent parkland, this fabulous family home is in a class of its own.

2

FALL IN LOVE

4

37 BRIAN AVENUE, MOUNT PLEASANT This very special home has been catching admiration from passersby for many years. In 2014, substantial renovations renewed its original grandeur, adding all the modern ´must-have´ luxuries that make family life effortless. Sitting on a 1062sqm, it´s complete with a dreamy alfresco terrace, lawns & solar-heated pool. This is a home you can be proud to come home to!

CLAREMONT | FREMANTLE | APPLECROSS

FOR SALE

Please call for details

INSPECT

By appointment

_______________________________________________ _______________________________________________

CONTACT Steven Currie 0413 984 569 Emma McCarthy 0417 920 448

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

/capornyoung

SALTER POINT

CASA CHIZURI

4

11 SALTER POINT PDE, SALTER POINT Inspired by the owners’ travels abroad, this one-of-a-kind residence not only looks beautiful, but also carries a special ambience that is so seldom found.....and then there’s the view. Holding a prime waterfront position, it enjoys elevated river views and spectacular sunrises. The deep veranda and shady courtyard ensures that there is always a sunny or shady place for breakfast, lunch and tea.

FOR SALE

Offers

INSPECT

By appointment

4

2

856

2

2

110

_______________________________________________ _______________________________________________

CONTACT Steven Currie 0413 984 569 Emma McCarthy 0417 920 448

R FO A SE

NORTH COOGEE

LE

BEACHSIDE APARTMENT

2

35/25 O’CONNOR CLOSE, NORTH COOGEE Enjoy an easy walk to the beach in this near new two bedroom, two bathroom apartment located in the heart of the South Beach precinct.

FOR LEASE Please call for details

_______________________________________________

INSPECT

By appointment

_______________________________________________

With an open plan kitchen and plenty of room to move around this beachside apartment it still remains a perfect lock & leave option for those who are looking for low maintenance living.

CLAREMONT | FREMANTLE | APPLECROSS

CONTACT Lachlan Burrows 0422 666 072 Dylan Panetta 0400 726 559

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: 3088196)

CLAREMONT (ID: 3097065)

CLAREMONT (ID: 3096546)

COTTESLOE (ID: 3033952)

COTTESLOE (ID: 3043534)

FLOREAT (ID: 3099733)

FLOREAT (ID: 3098042)

FLOREAT (ID: 3093194)

PEPPERMINT GROVE (ID: 3068421)

SUBIACO (ID: 3049946)

SWANBOURNE (ID: 3096369)

WEST LEEDERVILLE (ID: 3095760)

WEST PERTH (ID: 3081321)

FRE MA N T L E OF F I C E

BEACONSFIELD (ID: 3099692)

BEACONSFIELD (ID: 3096827)

EAST FREMANTLE (ID: 3089951)

EAST FREMANTLE (ID: 3081058)

EAST FREMANTLE (ID: 3096784)

EAST FREMANTLE (ID: 3093825)

FREMANTLE (ID: 3086156)

FREMANTLE (ID: 2996152)

FREMANTLE (ID: 3056307)

FREMANTLE (ID: 3067084)

FREMANTLE (ID: 3096817)

FREMANTLE (ID: 3097453)

FREMANTLE (ID: 3090858)

NORTH COOGEE (ID: 3074371)

NORTH COOGEE (ID: 3097513)

NORTH FREMANTLE (ID: 3049261)

NORTH FREMANTLE (ID: 3072356)

NORTH FREMANTLE (ID: 3088416)

SOUTH FREMANTLE (ID: 3090851)

WHITE GUM VALLEY (ID: 3097229)

WHITE GUM VALLEY (ID: 3096934)

A P PL E CROS S OF F I C E

ARDROSS (ID: 3002371)

ATTADALE (ID: 3092783)

ATTADALE (ID: 3088439)

ATTADALE (ID: 3085771)

MELVILLE (ID: 2951437)

MELVILLE (ID: 3073810)

MOUNT PLEASANT (ID: 3088639)

MOUNT PLEASANT (ID: 2950244)

MOUNT PLEASANT (ID: 3096609)

MYAREE (ID: 3086837)

PALMYRA (ID: 3087932)

ROSSMOYNE (ID: 3046755)

ROSSMOYNE (ID: 3072325)

SALTER POINT (ID: 2953455)

SOUTH PERTH (ID: 3080282)

SOUTH PERTH (ID: 3097570)

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

RENTAL REVIEW

Lee Fitzgerald - Licensee | Property Management Team Leader

THE PARADOX OF PRICING HIGH It´s a common belief that properties must be priced above the desired weekly rent, to allow room for downwards negotiation.

This is simply not the case.

On the other hand, advertising a property at fair market value maximises interest and competition. This is a fast-track to upward negotiation.

Pricing high immediately creates several problems. Firstly, most renters filter their online search with a maximum price, so your property will likely be missed by its target audience. Meanwhile, higher budget tenants will be viewing your property through their higher budget standards - culminating in fewer enquiries and a smaller chance of success.

Just last week, we listed a Wembley property at fair market value, and after 18 groups inspected, we successfully negotiated a lease agreement at $355 more per week for the first 3 months (and asking price for the rest of the 12-month term). I´m proud to say this is just the latest in a long list of examples demonstrating our market-leading strategies in action!

FOR LEASE HOT PROPERTIES BOORAGOON 21a Pickering Way

$500 per week

3

2

2

JOONDANNA 100 Green Street

$385 per week

2

1

2

$895 per week

4

2

EAST FREMANTLE 5a Pier Street

2

SWANBOURNE 5/64 Shenton Road

3

WHITE GUM VALLEY 15 Wright Street

$560 per week

COMO 1/173 Coode Street

1

$380 per week

2

1

1

WILLAGEE 6 Bassett Street

$490 per week

3

1

Call for details

3

2

2

WEMBLEY 174a Jersey Street

Call for details

2

2

3

YOKINE 1/3 Roscorla Avenue

1

$430 per week

2

2

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 |

/capornyoung

THE AUCTION EVENT OF THE YEAR Presented by WA’s No 1 Auction Company* Caporn Young Estate Agents presents an auction extravaganza never before seen in Western Australia. The Big Call will see dozens of Caporn Young properties promoted together and auctioned in a single, action-packed day - providing a number of advantages to both buyers and sellers.

With a staggered auction schedule, buyers can

Sellers get a completely unique opportunity to

attend as many auctions as possible and have

maximise the impact their property has on the

a great shot at walking away with exactly what

market, leveraging off ‘strength in numbers’ and

they’ve been looking for, while benefiting from a

special marketing packages offering incredible

streamlined registration process.

value for money.

For more information, please contact your local Caporn Young representative or by calling 9385 5559. www.capornyoung.com.au

*Top Agency by Value Sold via Auction 2015/16, REIWA