CY Magazine - Issue 79

Grand Historic Hilltop Home With Views 17 June 2017 / Issue 79

08 9385 5559 / www.capornyoung.com.au

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

INVESTORS ARE PUTTING THEIR MONEY ON PROPERTY A trend has been gaining traction in Perth this year – the reemergence of property investors. Activity from these non-occupier buyers slowed during 2016, but they’re returning, quietly building their property portfolios to get into a strong position to ride Perth’s next wave of growth.

The secret is out now – it was one of the main points of conversation on the “Three Wise Money Men” segment of ABC Radio’s morning last week.

The group’s finance and superannuation expert Nick Bruining went as far to say that, for the first time in 10 years, he was happy to recommend property investment.

RP Data’s quarterly ‘Pains and Gains’ Report does a good job of illustrating the advantages of putting money into property. This report takes a deep dive into the sales figures specific to each major

council area in Australia, providing an in-depth analysis of the profits made and losses made.

The most recent edition, covering the last quarter of 2016, shows the majority of Perth sellers made a tidy profit. In Claremont for example, 80.5% of sales delivered a profit to the owner (the median profit being $410,000). Similarly, 76.9% of sales in the Town of Cambridge were profitable (the median being $407,250). In Melville, 85.4% of sales were profitable (median profit $273,500), and in East Fremantle, that number was 84.6% (median profit $104,000).

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.

Design by: Alex Zavros CY Magazine is distributed free of charge to the shaded areas below:

Looking at the loss-making sales, the striking difference was length of time the property was owned. For example in Melville, where around 1 out of 6 properties were sold at a loss, the median hold period was just 3.6 years.

Naturally, these figures are intended as a general analysis. As always, I recommend seeking personal advice from a qualified financial planner before determining your next step.

COVER: High above the river in a quiet exclusive enclave is 1 Surbiton Rd, East Fremantle.

Contact Stefanie Dobro 0409 229 115 or Michael Harries 0434 076 229 for details.

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THEIR STORIES

Gavin Hegney - Independent Property Analyst

EXCITED WHILST LEVEL HEADED Does such a state ever really exist?

Well it does when you come to Robyn and Norm who are downsizing their home and reinvigorating their lifestyle. Between them the combination of their excitement balanced with a level headed approach means that their move from a large family home in Bicton to a smaller lifestyle house in the heart of the Fremantle action is going to be a successful one.

Perhaps you are contemplating a similar move or have made the move already.

Like most people who contemplate changing homes when the kids have left the family home the change needs to start somewhere. I spoke to the agent and to Norm to find out what were both the challenges and the solutions when making the move, and what advice would you give to others considering such a change?

The response was firstly to have a balance of excitement tempered with level headedness and secondly to take your time. In their situation it was important to get a reliable

and accurate figure that they could expect to get for their existing family home first, especially as they had decided to buy the new home first before they sold their existing family home. Any change of home is really about the changeover cost which is easier to budget for, especially if you are buying and selling in the same market.

The search for a new home started far from home in Cottesloe before ending in Fremantle. Like so many things in life it’s not so much about where you start as it is where you end that really matters. Similarly, they looked for over a year before deciding, reminding us that patience is critical.

Norm feels understandably assured of the move given this process.

A short list of must haves and nonnegotiable items really helped focus the search and enlist the assistance of an agent.

The person must be prepared for uncertain times in the process and possess the flexibility to make some changes as clarity is revealed over time regarding both location and

SOLD: Bicton

building type.

It’s interesting for those in this situation. You may have been in your home many years and have a large degree of comfort and familiarity.

Maybe the real attributes of your older home are revealed or reinforced through the process making the emotional aspect of the decision a little more challenging. None of us are immune to the emotional process of change. I can only say that today Norm and Robyn say it was all worthwhile and they look to their future with excitement. The time for level headedness has passed.

their time. I also wish you well in your pursuit.

Be excited about the move and about the new lifestyle, after all it’s going to be your new home.

Remember to have confidence that the fruits of your past decisions added with the lessons that you have learnt along the way, pave the path for future success.

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.

I wish them well and thank them for

“Be excited about the move and about the new lifestyle, after all it’s going to be your new home.”

PURCHASED: Fremantle

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HISTORIC FAMILY HOME ON THE HILL 5

3

2

1214

EAST FREMANTLE 1 SURBITON ROAD High above the river is a significant Federation home with deep roots in East Fremantle´s history. With soaring ceilings, gracious rooms and a series of French doors opening to the wide verandahs, this grand home embraces its extraordinary hilltop location.

Look west over the river and the harbour to Rottnest, and to the east, see the sunrise over the distant hills. With several living areas, two-storey extension, apartment-style space downstairs, terraced gardens, pool and cellar, this is a remarkable place for a new family to create its own history.

AUCTION On site, Saturday 24th June at 10:30am VIEW As advertised or by appointment

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

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

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AU CT IO N

COTTESLOE’S MOST CHARMING HOME This charming extended cottage puts traditional character features against eclectic renovations with its towering ceilings, generous room sizes and self contained studio. The refreshing mix captures Cottesloe’s vibe so well; relaxed, yet still very luxurious and beautiful. Better still, it comes with a sparkling pool and is positioned close to the beach, top schools and cafes.

On site, Saturday 17th June at 1:30pm Thursday 15th June 5-5:30pm; Saturday 17th June from 1:00pm

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161 CURTIN AVENUE

0412 385 056 richard@capornyoung.com.au

0499 991 795 dan@capornyoung.com.au

AU CT IO N

DESIGNER HOME FIT FOR THE FAMILY 59 ALEXANDRA ROAD Travertine, timber, fresh white and clean lines create a smart contemporary feel in this spacious family home packed with intelligent design and delightful surprises - including an outdoor spiral staircase, a vast elegant master suite and a blue slice of ocean on the horizon.

On site, Saturday 24th June at 3:30pm As advertised or by appointment

0434 076 229 michael@capornyoung.com.au

0409 229 115 stefanie@capornyoung.com.au

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AU CT IO N

STYLISH, SECURE, SPACIOUS & NEW 1B IRWIN STREET This brand-new two-storey home offers all the advantages of a prestigious East Fremantle location with the fresh feel of contemporary design on a separate green title lot. Excellent natural light, lift, sleek kitchen, timber floors, two living areas, security & an upstairs terrace overlooking the park. All of this plus the convenience of schools, public transport shopping & the river all close by.

On site, Saturday 24th June at 4:30pm As advertised or by appointment

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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SIMPLY LUXURIOUS RIVERFRONT 3/2 RIVERSIDE ROAD Enjoy all the space and comfort of a home, but with the ease of apartment living in an extraordinary setting, where the inspiring natural beauty of the river is part of your everyday. Built to the highest specifications by Imperial Homes, this is one of just four apartments and a rare opportunity to secure a northfacing waterfront location.

Low $3,000,000’s As advertised or by appointment

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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AU CT IO N

RARE LAND, APPROVED PLANS Council approved plans for a functional & spacious light filled architecturally designed 2 storey home with a 3rd level loft. Local architect John Kirkness has designed the proposed dwelling to maximise the north orientation with a large balcony and a roof top deck. Dont miss this rare opportunity to build your own home in the heart of the historic Port City on a 276sqm block!

On site, Saturday 24th June at 1:30pm As advertised or by appointment

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35 ATTFIELD STREET

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

AU CT IO N

HERITAGE HOME IN FREO’S ART PRECINCT 9 BURT STREET This is a prime opportunity to secure a heritage home on a historic st, within 5 mins stroll of exceptional eateries, the Art Centre & the waterfront.

Immaculately presented, this handsome cottage radiates 19th Century charm, & boasts large rooms and opportunity to add further value. Towering ceilings, North facing verandah, an easy-care block & 3 minutes to Leighton Beach.

On site, Saturday 24th June at 9:30am As advertised or by appointment

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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AU CT IO N

PIECE OF HISTORY 48 SOUTH STREET This charming character cottage is the perfect urban sanctuary thanks to a perfect mix of traditional features, low maintenance living and four courtyards.

The landmark property boasts a special link to Fremantle´s proud history and was used as a headquarters for the 1987 the America´s Cup team.

On site, Saturday 1st July at 12:30pm As advertised

0411 115 147 connie@capornyoung.com.au

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AU CT IO N

SURPRISE, SURPRISE, ONE HOME OR TWO? 12A CHALLENGER PLACE This secluded two-storey home has beautifully-finished interiors, a fresh contemporary feel and a big surprise: a fabulously flexible layout so you can choose - one home, or two? A self-contained two-bedroom guest residence makes intergenerational living easy, or an ideal income stream for rental/Airbnb or it can open up to become one big, beautiful house.

On site, Saturday 1st July at 1:30pm As advertised

0410 085 174 siobhan@capornyoung.com.au

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AU CT IO N

MULTI USE CBD DEVELOPMENT 139 STIRLING STREET On the north east side of the CBD and one door from a rare inner-city park is an ideal site for residential or mixed residential and business development.

Walking distance to the train station, Beaufort Street and the Perth Cultural Centre. The existing office/warehouse/workshop improvements are capable of providing a holding income.

In Rooms, CY Fremantle Office, Thursday 6th July at 12:30pm Strictly by appointment

0420 200 773 phil@capornyoung.com.au

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SO LD

SOLD AFTER FIRST HOME OPEN 40 HOPETOUN TERRACE Beyond the unassuming façade - which sits comfortably on this quiet cul-desac street - you´ll find a generous 313sqm of internal living space boasting high ceilings and airy voids. Perfectly appointed with solid Blackbutt flooring, imported light fittings and frameless glass balustrading, the fixtures and fittings won´t disappoint.

Sold Please call agent for details

0411 037 504 oonagh@capornyoung.com.au

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O FF ER U ND ER

LOW MAINTENANCE, HIGH LIFESTYLE 2/427 ROKEBY ROAD This 3-level contemporary home is brilliantly located on the doorstep of Rokeby Road Village, and just a stone´s throw from Kings Park. Offering the proportions and amenity of a house, but on a low-maintenance land holding, this property is perfect for young professionals, downsizers, or as a weekend city pad for rural buyers.

Under Offer Please call for details

0411 037 504 oonagh@capornyoung.com.au

0413 929 999 craig@capornyoung.com.au

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SO LD

SOLD AFTER FIRST HOME OPEN 184 YORK STREET You’ll fall in love with this gorgeous character cottage which sits hidden behind the privacy of a high front wall, yet boasts all the action that Subiaco has to offer, right on the doorstep! While the home is neat, tidy and comfortable as is, with a little attention, this property could be easily transformed into a high-end inner-city pad!

Sold Please call agent for details

0411 037 504 oonagh@capornyoung.com.au

0413 929 999 craig@capornyoung.com.au

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AU CT IO N

LUXURY LIVING BY THE LAKE 28 ST VINCENTS AVENUE This is a home that breaks away from the status quo. A showpiece of clean & crisp modern architecture, it also embraces a playful approach... think sculptural angles, dramatic double-height voids, and an eclectic mix of stunning natural timbers.

On site, Saturday 17th June at 3:30pm Saturdays 3:00 - 3:30pm & Thursdays 5:45 - 6:15pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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EASY LIVING BY CITY BEACH 131A COLIN ROAD Welcome to your urban sanctuary, enviably close to Perth´s flawless coast.

Push back the glass doors for seamless indoor-outdoor living, cook up a storm in the sumptuous kitchen, retreat into the theatre room to enjoy a movie... you will love living here!

Please call for details As advertised

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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STUNNING LAKE VIEWS 4 CADDY AVENUE Enjoy all the benefits of city fringe living, without scrimping on space or style!

Set across 3 levels, this spacious modern home take cues from Melbourne´s historic terraces. You´ll love the charming features, and the striking views across Lake Monger and the Jacaranda trees...

Please call for details As advertised

0413 929 999 craig@capornyoung.com.au

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AU CT IO N

A FAMILY HOME TO MAKE YOUR OWN 3 SWEETMAN STREET On a quiet street, behind the faรงade of this rendered 1950s home sits a spacious light filled extended family home with four good sized bedrooms and an impressive open plan kitchen, living and dining area extension opening on to a spacious backyard that will delight your children.

On site Saturday, 17th June at 11:30am As advertised or by appointment

0409 229 115 stefanie@capornyoung.com.au

0407 771 553 carlie@capornyoung.com.au

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AU CT IO N

LIFESTYLE & LOCATION 2 LEECE PLACE On site, Saturday 24th June at 12:30pm As advertised

0450 422 224 arreum@capornyoung.com.au

0409 229 115 stefanie@capornyoung.com.au

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SO LD

A SWEET SURPRISE 107 CALAIS ROAD Sold Please call for details

SO LD

0408 914 117 stephanie@capornyoung.com.au

RENOVATED & WELL LOCATED 162 EMPIRE AVENUE Sold Please call for details

0408 914 117 stephanie@capornyoung.com.au

0413 929 999 craig@capornyoung.com.au

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AU CT IO N

49/34 DAVIES ROAD

On site, Saturday 1st July at 11:30am (Unless sold prior) As advertised

0412 499 568 emma.proud@capornyoung.com.au

SO LD

27A ELIZABETH STREET

6 offers received Please call for details

0420 290 906 chris.storey@capornyoung.com.au

SO LD

277 SALVADO ROAD

Sold under the hammer Please call agent for details

0408 370 809 helen@capornyoung.com.au

SO LD

10 WHISTLER COVE

Sold Please call agent for details

0408 370 809 helen@capornyoung.com.au

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RENTAL REVIEW PERTH LEASING ACTIVITY UP A THIRD Just in case there were still any lingering doubt around Perth´s rental market, data from the Real Estate Institute of WA shows the market has clearly turned a corner. Leasing activity lifted 32% in May, with 4,915 properties tenanted over the month.

This is a strong performance, and a significant rebound from a year ago. REIWA noted improvements were particularly noticeable in the central metropolitan region, which includes the western suburbs. At a suburb level, it also identified East Perth, Perth and Scarborough as having the highest volume of properties leased in May.

FOR LEASE

If you would like to know more about the Caporn Young difference, I am happy to go into more detail in person. Don´t hesitate to reach out!

Selection of hot properties currently for lease 47 Princess Road

15/9 Linkage Avenue

LE AS ED

13 Birch Street

Regardless of what the market is doing, the team at CY has continuously risen above to perform at the leading edge of the industry. Even in the market´s toughest times last year, we were able to successfully implement our strategies to attract multiple applications for properties, regularly achieving above asking price.

1/49 Hobbs Avenue

26 Holdsworth St

26/1 Douro Place

16 Lockwood Street LE AS ED

2 Portsea Rise

56 Pier Street

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

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