CY Magazine - Issue 86

Naturally Glamorous Showstopper 7 October 2017 / Issue 86

08 9385 5559 / www.capornyoung.com.au

WELCOME

Steven Currie, Director

POWERFUL METHODS FOR PREMIUM RESULTS We´re passionate advocates for auctions.

The reason is simple time and time again, it proves to be a powerful way to generate results beyond what the market would have predicted.

Did you know Perth properties listed for auction also typically sell 42 days faster than those listed through private treaty? This is important, because in the early weeks of a campaign, you are much more likely to generate buyer competition and achieve a premium price.

REIWA released data earlier this year, showing private treaty listings averaged 70 days on the market, while auction listings averaged 28. In the same period, Caporn Young´s auction listings averaged 20 days.

Auctions are a bit like a high performance racing car - you need a skilled operator in the driver´s

seat, and a support team working like a well-oiled machine. In the wrong hands, auctions can be a recipe for disaster. We don´t leave this to chance - we invest heavily in training, including coaching from one of Melbourne´s leading auction-driven real estate agencies.

CY Magazine is published by: Caporn Young Estate Agents Pty Ltd - 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:

On the subject of Melbourne, another trend we´re seeing in Perth is the return of buyers from interstate and overseas. Given stock levels are way below historic levels, this extra demand is creating a competitive dynamic that plays well for auctions. The beauty is that buyers ´negotiate´ with each other, moving the price upward, rather than trying to haggle it down.

This October and November, sellers have an opportunity to further maximise the impact their property has on the market. The Big Call is back but places are filling up fast. We already have six auctions booked for October 28, and another 5 booked for November 4. Be quick to secure your spot.

COVER: The natural glamour of a resort hotel at 58 Preston Point Road, East Fremantle.

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

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

MARKET NEWS BIG CALL BRINGS BIG RESULTS HOTLY anticipated auction event ‘The Big Call’ returns to Perth this Spring, following its extraordinary 100 percent success rate last October.

The event, organised by local real estate company Caporn Young, sees dozens of properties promoted together and auctioned over four action-packed weekends.

Caporn Young’s associate director and Auctioneer, Phil Hayes says the magic of The Big Call is in the huge amount of interest it generates from buyers, as well as the timing, which coincides with the busiest time of year in Perth’s real estate market.

“The event provides sellers with a completely unique opportunity to maximise the impact their property has on the market,” he says.

“This is a time when buyers are very active. Add in the large amount of publicity surrounding The Big Call, and you have more ready-to-act buyers’ eyes on your property, and more bidders competing to own it.”

The Spring rush is already in full swing – sales activity leaped 10 percent in the first week of September alone, and other key metrics are indicating a promising strong season lays ahead in the property market.

Properties in many segments of the Perth market are in strong demand, and Mr Hayes says the transparency of the auction process helps give buyers the confidence they need to make a purchase.

“There’s still some residual nerves about Perth’s real estate market, but an auction is very reassuring to buyers because they are never left guessing,” he explains. “They can see the people who are bidding against them, they know the leading bid every step of the way, and they are told when the bids reach the reserve price.”

Mr Hayes adds that sellers benefit from the ease of knowing the sale is cash unconditional once bidding exceeds the reserve price. When the hammer falls, their property has sold.

“The deadline of the auction date is also a great motivator,” he adds. “It creates a sense of urgency that brings decisive buyers to the table within a short timeframe.”

days with another agency. By using the auction method, we were able to sell the home substantially above the appraised price, within the 3-week auction schedule.”

Mr Hayes points to a recent Caporn Young auction in Highgate, where four bidders competed to own the 3-bedroom cottage.

Last year’s inaugural edition of The Big Call yielded a spectacular 100% success rate when it was held last October – every participating property sold either prior to auction, under the hammer, or soon after. Of the 12 properties that were part of the one-day event, one sold prior to auction, six sold under the hammer, and the rest sold through negotiation following the auctions.

“Previously, this property had languished on the market for 119

T H E B I G CALL 15 OCTOBER – 15 NOVEMBER

Following this runaway success, Caporn Young brought back the event in an extended form.

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

RIVERSIDE LOOKOUT: ABOUT FAMILY SPACE 46 STONEHAM ROAD One street back from the river with sweeping water views across to the city skyline, this smart contemporary home does everything on a grand scale: three living areas, impressive theatre room, very spacious master suite and huge indoor-outdoor living with a wraparound terrace for panoramic entertaining.

Mid to High $2,000,000s Visit capornyoung.com.au for times

0417 185 706 lara@capornyoung.com.au

0407 423 655 aidan@capornyoung.com.au

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O FF ER S

YOUR GREAT SOUTHERN ESCAPE 2/3

2

HA 40

BREMER BAY LOT 114 HORSE HILL ROAD Surrounded by untouched costal reserve, and overlooking a pristine deserted coast line, the 100 acre property is wrapped in mesmerising views of nature.

Designed and built by an owner who is an Architect and builder, this property is quirky by nature and by the owner’s admission, a true labour of love that has been 40 years in the making.

The exterior blends into the landscape, paying utmost respect to the untouched nature around it. The interior is warm and full of character - while still allowing the views to take centre stage.

OFFERS Closing Saturday, 28th October at 5:00pm VIEW Contact agent to arrange an inspection

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

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IMMERSE YOURSELF IN TRANQUILITY 19 PARKWATER GARDENS This spectacular home is designed with the principles of Feng Shui in mind, leaving every member of the family feeling relaxed and balanced after a chaotic day. Although it´s a modern build, the traditional quality of workmanship provides an air of elegance throughout.

On site, Saturday 4th November at 11:30am Wednesdays 5:30 - 6:00pm & Saturdays 11:00 - 11:30am

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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CHARACTER CLASSIC TRANSFORMED 69 GLYDE STREET Stunning surprises unfold beyond the tuckpointed brick facade of this Federation home: a chic 21st century extension and a series of entertaining terraces rising up behind, topped by a circular glass-walled pool.

Contemporary creativity with an eye to light, simplicity, space and functionality makes the most of this elevated location.

On site, Saturday 28th October at 12:30pm Visit capornyoung.com.au for view times

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

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AU CT IO N

NATURALLY GLAMOROUS 58 PRESTON POINT ROAD The natural glamour of a resort hotel where fine materials and effortless modernity combine to create flowing, functional spaces - that´s the atmosphere of this striking contemporary home with views, one street back from the river.

Everything here is of the very highest quality: from the floors of white Turkish stone and blackbutt timber to the stunning entertaining spaces indoors and out.

On site, Saturday 28th October at 11:30am Visit capornyoung.com.au for times

0434 076 229 michael@capornyoung.com.au

0409 229 115 stefanie@capornyoung.com.au

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THE DEVELOPER´S SPECIAL RESERVE 5/395 CARRINGTON STREET In an amazing lifestyle location 5 minutes from South Beach, this almost new spacious two-storey home offers a new take on low maintenance living. It´s in a boutique development containing just 8 houses - all freestanding with no common walls. As the developer´s own, it has higher specifications throughout including porcelain tiles and stone bench tops.

From $379,000 Visit capornyoung.com.au for times

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

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BUILD YOUR OWN GREEN TITLE LOTS Why settle for an apartment when you can build a one bedroom dream home on these specially-zoned street front green title lots. Build from council approved existing plans or create your own, just a stone´s throw from South Fremantle. For those looking for more space, choose the secluded 400sqm lot, where you can build a family home or even a small duplex (STCA).

From $179,000 Visit capornyoung.com.au for times

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17,19,21,23 HOOD STREET

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

AU CT IO N

RENOVATED FAMILY LIVING 5 PLATT CLOSE Renovated with an eye for designer detail, this home is a stylish retreat within one of Perth´s best lifestyle suburbs perfect for stylish family living and entertaining. It´s on a very quiet cul de sac, surrounded by parks, and perfectly positioned to explore Perth´s pristine coastline, river, and the thriving local café scene.

On site, Saturday 28th October at 3:30pm 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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KLOPPER WAREHOUSE 2/65 THOMPSON ROAD Created from the bones of an industrial building, this hip townhouse has soaring walls of glass and steel, lofty spaces, fabulous light, complete privacy and views to the port. What a sensational location: on the park, a few steps from the river and two streets back from the beach!

Closing, Tuesday 24th October at 4:00pm (All Offers Presented) Thursdays 5:30 - 6:00pm & Saturdays as advertised on capornyoung.com.au

0420 200 773 phil@capornyoung.com.au

0411 115 147 connie@capornyoung.com.au

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INCOMPARABLE SPACES, PLUS STUDIO 60 THOMPSON ROAD Industrial chic, natural luxury, fine minimalist design and just a touch of Freo bohemian combine to create a totally individual and completely desirable home. This secluded architectural treasure looks west over the ocean and east to the river, and comes with a separate two-level self-contained studio apartment.

On site, Saturday 28th October at 10:30am Visit capornyoung.com.au for times

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

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URBAN LIVING WITH SECURITY & SPACE 7/3 ROSSLYN STREET This near-new penthouse is a unique offering in trendy West Leederville.

Designed for those who love to entertain, it features light-filled living areas, a dazzling kitchen, and a wow-factor balcony. A spiral staircase leads to the rooftop terrace, where there are striking views to Perth´s skyline.

On site, Saturday 28th October at 4:30pm From $750,000 Thursdays 6:30 - 7:15pm & Saturdays 4:00 - 4:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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TRADITIONAL HOMESTEAD 124 SAMSON STREET Immaculately presented, this sprawling weatherboard feels just like a family home should: entertaining deck above the pool, two large living areas with great indoor/outdoor flow, pizza oven to feed family and friends and even a sweet timber cubby under the gumtree.

On site, Saturday 28th October at 2:30pm Visit capornyoung.com.au for times

0434 076 229 michael@capornyoung.com.au

0409 229 115 stefanie@capornyoung.com.au

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BESPOKE COASTAL DESIGN 30 BAYVIEW TERRACE High on the hill looking out over the ocean this big beautiful family home embraces the natural textures of timber & limestone to reflect the coastal environment. The home combines a true down-south, beachy feel with understated luxury & plenty of space, including an independent studio apartment.

Closing, Saturday 4th November at 4:00pm (All Offers Presented) Visit capornyoung.com.au for times

0439 911 637 romm@capornyoung.com.au

0407 771 553 carlie@capornyoung.com.au

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THE NEW BENCHMARK 10B DUCKETT DRIVE On site, Saturday 14th October at 1:30pm Visit capornyoung.com.au for times

0411 429 069 karen@capornyoung.com.au

EXQUISITE 19TH CENTURY HOME 29 CARLTON STREET Visit capornyoung.com.au for times

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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O FF ER UN D ER

21 NORTH LAKE ROAD

Visit capornyoung.com.au for times

0403 969 227 nicola@capornyoung.com.au

144 FRANKLAND AVE

Visit capornyoung.com.au for times

LE AS ED

0403 969 227 nicola@capornyoung.com.au

EAST FREO CHARM WITH A VIEW 18 ANGWIN STREET Market Off Off Market

0422 666 072 lachlan@capornyoung.com.au

0421 199 685 liliana@capornyoung.com.au

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RENTAL REVIEW GO WITH YOUR HEAD, NOT YOUR HEART Perth investors are in a unique position right now - the rental market is showing signs of improvement, and there are still great buying opportunities in some areas. These conditions are close to ideal if you´re considering buying an investment property (or another one!).

To successfully reach your long-term investment objectives, my best advice is to approach this with your head and not your heart.

First up, that means buying a property that tenants will want to live in. Commonly overlooked deal breakers include insufficient offstreet parking and no air-conditioning. On the other hand, a

FOR LEASE

Above all, remember location is the pivotal factor a tenant will be motivated by. Do your research, and opt for an area that is in demand.

The team here is happy to discuss this topic with you in more detail. As with any investment, we recommend you also seek independent advice.

Selection of hot properties currently for lease

5 Colburn Way

6 Raceway Road

4/602 Beaufort Street

78 Holland Street

4/2 Douglas Avenue

LE AS ED

2/13-15 Feeney Street

47 Princess Road LE AS ED

23A Roberts Road LE AS ED

LE AS ED

5/13-17 Groves Avenue

modern kitchen and an excellent outdoor area will provide a competitive edge on the leasing market.

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

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T H E B I G CALL 15 OCTOBER – 15 NOVEMBER

PLACES ARE FILLING UP FAST! CALL NOW TO SECURE YOUR BOOKING. All properties participating in The Big Call will receive one full page advertisement in CY Magazine FREE when another full page is purchased - reaching 85,000 potential buyers.

THE BIG CALL RETURNS TO PERTH THIS SPRING, FOLLOWING A 100% SUCCESS RATE LAST OCTOBER.

In a new extended format, dozens of properties will be promoted together and auctioned over five action-packed weekends.

Last year’s inaugural edition saw every participating property sold either prior to auction, under the hammer, or soon after.

If you have been thinking about selling, this is the perfect opportunity to benefit from the power of the auction process.

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

9385 5559 / capornyoung.com.au