CY Magazine - Issue 82

Style & Statue 5 August 2017 / Issue 82

08 9385 5559 / www.capornyoung.com.au

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

LET’S TALK STRATEGICALLY ABOUT SPRING Are you planning to put your home on the market once the weather warms up? Spring is the busiest time of year in real estate – and understandably so. It’s when Perth gardens burst into life, and buyers can really visualise themselves enjoying summer in their newlypurchased home.

But this year, I’d like to quietly point any potential sellers towards a different strategy. The markets Caporn Young specialise in have very low levels of properties listed right now, but comparatively high numbers of buyers actively looking to purchase. Buyers are feeling confident, and are showing strong signs that they are ready to act.

These are perfect conditions for achieving above market outcomes, and our team has been delivering exactly that. Three properties recently sold off-market, and a private treaty campaign closed at the end of July with 8 written offers. We

had several highlights in the Real Estate Institute’s latest weekly report of unconditional sales – including private treaties in North Fremantle and White Gum Valley that were negotiated above asking price.

CY Magazine is published by: Caporn Young Estate Agents Pty Ltd. 4/355 Stirling Highway Claremont, WA 6010 For advertising or other enquiries, please contact Patricia Cheah on (08) 9385 5559.

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As another sign that this trend is only set to continue, we logged a significant spike in enquiries during the last week of July. This figure, which is measured by the number of phone calls and emails coming direct from buyers, nearly doubled (from 180 to 315 enquiries). That’s a very clear indication that even more buyers are starting to enter the market.

This pent up demand entering the market could result in an above average number of new listings this Spring – peaking around October. These increased stock levels will mean buyers will have more choice and will become slower to act and more conservative in their actions.

This is a case of the early bird getting the worm.

Now is the time to be achieving a premium price when you sell!

COVER: Impressive in style and stature at 108 Brookdale Street, Floreat. Contact Helen Hemery 0408 370 809 for details.

FREE FROM FEES. WA’s largest real estate agent finder. reiwa.com.au/agent-finder

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

Unbiased advice, every time.

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RELAXED, FLEXIBLE & CONVENIENT 78 ERIC STREET Contemporary and flexible home with great separation created by a living/loft bedroom at the rear and independent indoor and outdoor living and entertaining spaces. Rear access creates room for a boat or caravan and modern low-maintenance gardens allow for easy care living. A short walk to the train, school and shops; this is the only way to enjoy the beachside life.

On site, Saturday 19th August at 11:30am Saturdays 11-11:30am & Thursdays 5-5:30pm

0406 300 828 tim@capornyoung.com.au

0449 991 795 dan@capornyoung.com.au

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STYLE & STATURE 108 BROOKDALE STREET Impressive in style and stature, this property is a must-view for families looking for a large, modern home in one of the western suburbs´ most desirable pockets. Boasting an ideal family-friendly floor plan, located in the Shenton College catchment and only 5 mins walk to Floreat Forum and Perry Lakes Reserve, this home really is the epitome of effortless modern living!

Thursdays 6:00 - 6:30pm & Saturdays 2:00 - 2:30pm

0408 370 809 helen@capornyoung.com.au

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LIGHT-FILLED STONE CLASSIC 24 HOLDSWORTH STREET In a rare row of 1886 terrace houses of the gold boom era cascading down one of Fremantle´s prettiest streets is this charming stone home with abundant natural light, modern white kitchen, north-facing living and rear double garage, plus a studio with its own bathroom and cellar.

On site, Saturday 19th August at 10:30am Visit capornyoung.com.au for view times

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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CLOSE TO FREO´S HEART 102 MARINE TERRACE Green title and mixed use zoning but above all, this is a fabulous place to live.

In a fantastic position across from the harbour, the home is 3 mins by bike to the Cappuccino Strip or Bathers Beach.

On site, Saturday 19th August at 2:30pm Visit capornyoung.com.au for view times

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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LAKESIDE LOCATION

3 RANKIN ROAD Situated in a quiet cul-de-sac and only one house back from Lake Jualbup, the location doesn’t get any better than this! There is plenty of room for the whole family to enjoy in this 5-bedroom home with separate formal lounge and dining rooms in addition to the large casual meals and living area.

On site, Saturday 19th August at 1:30pm Wednesdays 5:30 - 6:00pm & Saturdays 1:00 - 1:30pm

0411 037 504 oonagh@capornyoung.com.au

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PRIME SWANBOURNE BUILDING BLOCK

8 DERBY STREET

Located on top of the hill, this fantastic block offers the astute investor an amazing opportunity. The location offers so much. On a lazy Sunday, walk to any of the many local Cafes for the time out you deserve and for those who lead a busy life - shopping, transport and many other amenities are so close.

By appointment

9385 5559 /

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0406 300 828 tim@capornyoung.com.au

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DIVIDE & CONQUER! 54 RESERVE STREET This is your chance to buy a property that has untapped potential. The 1075sqm block can be subdivided, and also lends itself to a brand new family home. The land size is even bigger than the traditional quarter acre, so there’s plenty of room for swimming pool, garden and more.

On site, Saturday 19th August at 12:30pm Wednesdays 5:00 - 5:30pm & Saturdays 12:00 - 12:30pm

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0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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CITY VIEWS, VIEWS, VIEWS 28/572 NEWCASTLE STREET Perched on the penthouse level of the building, this stylishly renovated apartment enjoys A-grade views across the full expanse of Perth’s skyline. In the evenings, the sun sets behind the towers, throwing exquisite golds, reds, and pinks across the sky. After dark, the city lights twinkle in the background.

And if you’re up early enough to catch the sunrise - you’re also in for a treat!

On site, Saturday 2nd September at 2:30pm Bidding from $200,000 Thursdays 5:30 - 6:00pm & Saturdays 2:00 - 2:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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STYLISH, SPACIOUS & NEW 1B IRWIN STREET From $949,000 Visit capornyoung.com.au for view times

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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CITY PANORAMA

13/87 BULWER STREET On site, Saturday 26th August at 9:30am Wednesdays 5:00 - 5:30pm & Saturdays 9:00 - 9:30am

0499 991 795 dan@capornyoung.com.au

0406 300 828 tim@capornyoung.com.au

SECLUDED GRAND SURPRISE 113 HAMPTON ROAD All offers presented by 26th of August Saturdays 10:00 - 10:30am and as advertised on capornyoung.com.au

0439 911 637 romm@capornyoung.com.au

0407 771 553 carlie@capornyoung.com.au

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ENTRY LEVEL OPPORTUNITY 39 AILSA STREET Wednesdays 5:15 - 5:45pm & Saturdays 11:00 - 11:30am

0408 370 809 helen@capornyoung.com.au

LOT 1/1 KISHORN ROAD

Visit capornyoung.com.au for times

0413 984 569 steven@capornyoung.com.au

9 GALLOWAY STREET

$1,195,000 - $1,295,000 Visit capornyoung.com.au for times

0413 984 569 steven@capornyoung.com.au

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74 HAMPTON ROAD

Visit capornyoung.com.au for times

0413 984 569 steven@capornyoung.com.au

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50A BATEMAN ROAD

On site, Saturday 12th August at 10:30am Visit capornyoung.com.au for times

0413 984 569 steven@capornyoung.com.au

30/21 THE ESPLANADE

$1,250,000 - $1,280,000 Visit capornyoung.com.au for times

0413 984 569 steven@capornyoung.com.au

14B THE PROMENADE

Visit capornyoung.com.au for times

0413 984 569 steven@capornyoung.com.au

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RENTAL REVIEW TENANTS PROVING HAPPY TO STAY PUT This time of year is particularly busy for lease renewals. In a market where tenants have the opportunity to shop around, I´m very proud to say that 78% of our renewing tenants re-signed their lease on the same rent per week. In our experience, tenants that are being well looked after are willing to stay and pay similar rents to avoid further moving cost. The team are continuing to provide good standards of service to our tenants as happy tenants are usually happy to stay!

Looking at the tenants who didn´t re-sign, 26 percent upgraded, 36 percent moved as a result of buying their own home, or the owner

FOR LEASE 28A Siddons Way

moving back in or selling, 22 percent moved interstate / countries and 16 percent vacated for other reasons.

We are seeing more positive signs in the areas that we operate for high quality properties. In addition, we´ve leased several properties for more than asking price lately. One home in Mt Lawley attracted 5 percent more than asking price. This typically occurs when tenants are competing fiercely to secure a property - that´s why our leasing team works so hard to ensure a new listing generates as much enquiry as possible!

Selection of hot properties currently for lease 47 Princess Road

56 Pier Street

92A South Street

LE AS ED

24 Hubble Street

3/11 The Avenue

38 Johnston Street

87B Gregory Street

LE AS ED

LE AS ED

7/10 Kwong Alley

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

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