CY Magazine - Issue 87

Exclusive Enclave, Spectacular Views 21 October 2017 / Issue 87

08 9385 5559 / www.capornyoung.com.au

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

HAS PERTH´S SECRET BEEN REVEALED? Across on the east coast last week, a property commentator was laying out the facts to battle-worn first home buyers in Sydney and Melbourne. Lamenting median house prices in Sydney and Melbourne (where you won´t get much change out of $1,000,000), he pointed out that Perth not only offered sunny weather and a relaxed beach lifestyle, but also enviably affordable housing.

He´s right. In Perth, the first home buyer´s dollar goes a lot further - they can come in comfortably at the middle of the market and only be spending $554,000 for a house and $375,000 for a unit.

Local property commentator Gavin Hegney joined the debate on ABC Radio´s morning programme this week, adding that now is the time to take advantage of Perth´s current prices,

before the market starts swinging upward once again.

Given the market moves in cycles, those who are in a position to invest right now have a unique opportunity in front of them. If they buy now, and take a longer term view of their investment, they will enjoy a strong return when prices rise.

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:

In the last 12 months, we´ve seen this turnaround already gradually happening in many sections of our market. It´s my belief the rest of Perth´s established house market is now poised for a turnaround too - with perhaps the exception of the new build market in the outer suburbs, which could remain oversupplied for some time.

The important point to underline is that market dynamics in Perth are currently very mixed. Your local Caporn Young team member will be happy to provide you with a detailed update on your suburb, or the suburb you´d like to buy in.

COVER: High above the river in a quiet exclusive enclave is 23 Angwin St, East Fremantle for lease at $1800 per week.

Contact Lachlan Burrows 0422 666 072 or Liliana Talemaitoga 0421 199 685 for details.

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

MARKET NEWS WHEN DO I BUY COMMERCIAL PROPERTY? Before you think this article is not really for me, chances are you are already invested indirectly in commercial property via your Superannuation if you’re in a balanced type of investment approach typically owning part of the large office buildings or shopping centres throughout the capital cities of Australia.

These indirect investments are usually via specialist investment companies who research and buy large scale commercial properties and you, as the investor, would own a share in those buildings which are professionally managed by them.

Other forms of commercial property include such areas as showrooms and bulky goods, industrial premises, caravan parks, serviced apartments, retail, aged care, child care, service stations, marinas, car yards and hospitals.

‘Commercial property is valued by the income returns that it achieves’

income investment later in life as we look to live on income streams generated by our capital. Whilst the residential investor tends to use higher debt levels and negative gearing to build the capital base, the income investor tends to use lower debt, if any, and aims to use the rent to live on.

For those looking to invest into commercial property it is best to seek expertise to build your understanding and knowledge. What you are doing can be to effectively be in partnership with your commercial tenant, although secured by a lease.

The lease document is crucial to your investment and whilst it may seem detailed and complex, there are some simple areas to focus upon which are usually contained in the rear of the lease in summary form, in an area commonly known as the lease schedule.

A successful business usually makes for a good tenant, and common sense goes a long way in this regard.

A lot of investors also invest indirectly in commercial property via unlisted trusts, which are essentially a share

7/136 Stirling Highway, North Fremantle - sold under the hammer at CY’s In-Rooms Auction event.

in a company which owns property with other investors, usually for a set time frame or objective. These have become more popular in recent years and can be advised by a suitably qualified professional.

Just think of the excitement of being

invested in a thriving commercial property and the satisfaction of seeing a great business, your tenant, create employment and opportunities for others. It may even mean your lifestyle improves to share with your tenants’ success.

Commercial property investment differs from residential investment in a couple of significant ways. Firstly commercial property is valued by the income returns that it achieves, namely the rent. Commercial property receives a higher rent so is a yield investment. The yield, which is really only the rent divided by the total value, tends to be higher at around 5.0 - 8.0 % net, whilst the capital growth tends to be lower at around 3%. In contrast, a residential property yields around 3% and we cross our fingers and hope for 5% plus capital growth.

The dynamics of these property investment types tend to make the residential property an investment earlier in life to build a capital base and then turn this capital into an

133 Mandurah Terrace, Mandurah - sold under the hammer at CY’s In-Rooms Auction event.

AU CT IO N

SUMPTUOUS LIVING 5 HILL PLACE This quality home is masterfully designed for flow and function, and then impeccably finished internally by global designer Natalee Bowen from Indah Island. Beautifully set across a single level in this quiet tree lined cul-de-sac this immaculate home is an entertainer’s dream with a large swimming pool, elegant alfresco, designer kitchen inside and out, Zesti pizza oven, plus more.

On site Saturday, 11th November at 12:30pm visit capornyoung.com.au for times

0413 984 569 steven@capornyoung.com.au

0403 969 227 nicola@capornyoung.com.au

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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

9385 5559 / 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 walk to everything location.

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

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

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UNRIVALLED OPPORTUNITY 36 OAKOVER STREET Experience the peaceful atmosphere, gracious high-ceilinged rooms and unspoiled historic charm of a traditional tuck-pointed home in a delightfully leafy street. Space and serenity are rare urban luxuries, and this wonderful property has all that in abundance, including established gardens and pool with an outstanding opportunity to extend and create your forever home.

On site, Saturday 4th November at 9:30am Visit capornyoung.com.au for times

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

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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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STUNNING LIGHT FILLED FAMILY HOME 3 KIRWAN STREET Awash in wonderful Northern light, this immaculate, single level, 4 bedroom, 3 bathroom home offers the modern family luxurious living. Allowing an abundance of natural light to flood into the living areas, alfresco and pool, means you have the best of all year round living.

On site, Saturday 4th November at 10:30am Visit capornyoung.com.au for times

0406 300 828 tim@capornyoung.com.au

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BRICK & IRON BEAUTY CLOSE TO TOWN 4 HENVILLE STREET Beyond the traditional shady bullnose verandah is a contemporary brick and iron home with a gorgeous loft master-suite and open-plan living flowing to north-facing outdoor entertaining by the pool. Join the friendly neighbourhood of this quiet cul-de-sac close to the heart of historic Fremantle.

On site, Saturday 11th November at 11:30am Wednesdays & Saturdays as advertised on capornyoung.com.au

0411 115 147 connie@capornyoung.com.au

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BIDDING FROM $750,000 40 CHATSWORTH ROAD Beauty, character and grace develops with age! This stunning Federation home is fresh from being restored, and is ready for you to move in. The unbeatable location is 2 mins walk from Hyde Park, 3 mins walk from Beaufort Street, and 2.5km to Perth CBD.

On site, Saturday 11th November at 1:30pm From $750,000 Wednesdays & Saturdays 1:00 - 1:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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BIDDING FROM $600,000 73 BOURKE STREET Proudly standing here for 110 years, this handsome weatherboard cottage beams with character. Inside, the interior has been beautifully renovated and extended. The central location gives you great walkability - stroll to schools, playgrounds, cinemas, cafes, shops and more.

On site, Saturday 18th November at 2:30pm Thursdays 1:00 - 1:30pm & Saturdays 2:00 - 2:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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SO LD

SOLD PRIOR TO AUCTION 6 BAILEY LOOKOUT We saw an incredible response to our marketing campaign and produced an outstanding result for our sellers in just 14 days with several buyers missing out.

Right now homes in Mosman Park are taking an average of more than 80 days to sell. Call us today for a confidential discussion on how we can help you.

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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RENOVATED FAMILY LIVING 5 PLATT CLOSE Offering outstanding value and renovated with an eye for designer detail, this home is a stylish retreat within one of Perth´s best lifestyle suburbs perfect for modern 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. Will be sold!

On site, Saturday 28th October at 3:30pm Visit capornyoung.com.au for times

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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NATURAL LUXE, VIEWS 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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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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"ROBYN HILL" BUILT CIRCA 1906 16 WAUGH STREET This elegant colonial home has been meticulously renovated, and extended at the rear. Its polished period features are now blended with classic modern finishes, providing a stylish and peaceful retreat that´s walking distance from North Perth´s trendy cafés, bars, and restaurants.

On site, Saturday 18th November at 12:30pm Wednesdays 6:30 - 7:00pm & Saturdays 12:00 - 12:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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LIVE THE DREAM 13 SUCCESS CRESCENT This spectacular property summons the same reaction from everyone who steps inside: "Wow". The home offers space, security, style... and it’s in one of Perth’s most coveted riverside neighbourhoods.

On site, Saturday 4th November at 12:30pm Visit capornyoung.com.au for times

0413 984 569 steven@capornyoung.com.au

0417 920 448 emmam@capornyoung.com.au

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GRAND CHARACTER HOME 36 MORGAN STREET Situated in one of Shenton Park´s most desirable streets, this impressive property awaits a new family to call it home! There is plenty of room for the whole family to enjoy with 5-bedrooms, separate formal and informal living zones, a large north-facing rear garden and alfresco, and a resort-style heated swimming pool.

Visit capornyoung.com.au for times

0411 037 504 oonagh@capornyoung.com.au

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AU CT IO N

BIDDING FROM $750,000 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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YOUR URBAN SANCTUARY 51B ST LEONARDS AVENUE Cool architecture is balanced by a genuinely warm ambience in this stunning home. Extraordinary for living and entertaining, it provides a sense of spaciousness and nature, without compromise to the low maintenance lifestyle that you crave. This amazing location means you can walk everywhere!

On site, Saturday 11th November at 3:30pm Thursdays 6:00 - 6:30pm & Saturdays 3:00 - 3:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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AU CT IO N

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 and limestone to reflect the coastal environment. The home combines a true down-south, beachy feel with understated luxury and plenty of space, including an independent studio apartment.

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

0407 771 553 carlie@capornyoung.com.au

0439 911 637 romm@capornyoung.com.au

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MODERN MEETS MIDCENTURY 37 WIDDICOMBE STREET On site, Saturday 4th November at 10:30am Starts at $650,000 Visit capornyoung.com.au for times

0407 423 655 aidan@capornyoung.com.au

AU CT IO N

0417 185 706 lara@capornyoung.com.au

BIDDING FROM $800,000 197 HENSMAN ROAD On site, Saturday 4th November at 2:30pm Wednesdays 5:00 - 5:30pm & Saturdays 2:00 - 2:30pm

0411 037 504 oonagh@capornyoung.com.au

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2 FAIRMOUNT CLOSE

Visit capornyoung.com.au for times

0406 300 828 tim@capornyoung.com.au

9/15 ERIC STREET

Visit capornyoung.com.au for times

0499 991 795 dan@capornyoung.com.au

FO R

LE AS E

23 ANGWIN STREET

$1800 per week

0422 666 072 lachlan@capornyoung.com.au

2/40 HAMPDEN STREET

Visit capornyoung.com.au for times

0411 429 069 karen@capornyoung.com.au

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RENTAL REVIEW TIGHT SUPPLYING DRIVING STRONG COMPETITION If you are on the hunt for a new place to rent, you will already be aware competition for properties is strong right now. Many are snapped up quickly with multiple applications received.

This is being driven by tight supply - compared to the same time a year ago, the number of available rentals in the metropolitan area is down 11 percent! In real terms, that´s around 1,000 fewer properties available.

We are working with landlords to increase supply, and urge you to reach out to us if you´re keen to expand (or start!) a property

FOR LEASE

If you are a tenant, I invite you to register your details with us, so we can let you know about suitable properties before they hit the open market.

Selection of hot properties currently for lease 23A Roberts Road

16 Bent Street

LE AS ED

LE AS ED

63C Canning Beach Road

portfolio. In the current market, we are maintaining low vacancy rates, and are regularly achieving weekly rents above what the market would have previously predicted. If you would like to know more about the Caporn Young difference, we´re happy to discuss this with you in person.

6 Raceway Road

4/32 Henry Street

78/9 Coromandel Approach

13A Chalmers Street LE AS ED

3/246 Broome Street

LE AS ED

18 Pearse Street

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