CY Magazine - Issue 96

Unique Beach Front Opportunity 17 March 2018 / Issue 96

08 9385 5559 / www.capornyoung.com.au

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

MORE POSITIVE PROPERTY NEWS Caporn Young´s positive start to 2018 has been vindicated in the latest REIWA housing report, which shows that the market is returning to a more balanced state.

The new data coming out of the state´s industry body confirms that sales volumes are up by 13.7%, while the number of listings on the market are down 1.7% on last year.

This means we have fewer properties on the market (therefore less supply), and more buyers actively snapping up homes and investments, signifying more demand.

We are definitely seeing evidence of these changing market conditions at Caporn Young, with robust buyer interest and strong sales results in the first two months of the year. It´s a trend that we predict will continue into Autumn, as it seems

the challenging market conditions that have been holding Perth´s property market back over the last few years are finally abating.

For instance, the WA Chamber of Commerce and Industry suggests the WA economy is on the 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:

After shrinking 2.7% in 2016-17, they forecast the economy will expand 0.9% this financial year before growing 3.3% the following year.

Meanwhile, ABS figures show that Perth´s unemployment rate of 5.7% (as of January 2018) is virtually on par with the national unemployment rate of 5.6% - and is lower than South Australia and Queensland, at 6.0% and 6.1% respectively.

These are all great signs for Perth´s property market - so if you´re in the market to buy, now may be the ideal time to take action, before competition heats up.

COVER: Unique beach front development site at 120 Marine Parade, Cottesloe.

Contact Steven Currie 0413 984 569 or Richard Young 0412 385 056 for details.

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

AU CT IO N

ICONIC MID-CENTURY MASTERPIECE 50 STONEHAM ROAD This stunning interpretation of 1960s Palm Springs-style has been architecturally modified to enhance its original features and in doing so, has become a perfectly functioning family home. Four retreat-style, oversized bedrooms, three bathrooms, and external access from every room, means river and swimming pool views are always on show.

On site, Saturday 24th March 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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RESORT LIVING AT HOME 10A CLIVE STREET This spacious immaculately presented family home offers open-plan living flowing seamlessly onto an undercover entertaining area overlooking the heated saltwater pool. Two living areas, a sumptuous master suite, bathroom, balcony & three large bedrooms all with walk in robes offer great separation for fabulous family living.

On site, Saturday 24th March at 10:30am Visit capornyoung.com.au for times

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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O FF ER S

UNIQUE OPPORTUNITY

120 MARINE PARADE You can´t get more Cottesloe than this extraordinary beachfront site, where the relaxed seaside atmosphere spills into the excitement of development potential. The existing building offers excellent holding income, with the opportunity to develop a new foreshore landmark with ground-floor commercial/retail and four storeys of luxury apartments.

Closing Tuesday, 27th March 2018 at 5pm

0413 984 569 steven@capornyoung.com.au

0412 385 056 richard@capornyoung.com.au

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HERITAGE INSPIRED 21ST CENTURY LIVING 40-42 DUKE STREET With the creation of the new Brush Apartments, it´s now possible to have the comfort and ease of modern apartment living in one of East Fremantle´s most desirable heritage precincts. On Duke St, at the top of George St, choose from two or three-bedroom apartments created with heart, quality and style.

From $679,000 Visit capornyoung.com.au for times

0409 229 115 stefanie@capornyoung.com.au

0437 225 725 nikki@capornyoung.com.au

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AU CT IO N

RIVER AND HARBOUR VIEWS 3B HUBBLE STREET Set high on a hill with fabulous views up and down the river this beautifully presented and well equipped home is flooded with natural light. Located in the highly sought after Plympton Ward and only a short distance from George Street’s culinary cafes and restaurants this lock up and leave home with secure parking is sure to impress all who inspect.

On site, Saturday 24th March at 11:30am Saturdays 11:00 - 11:30am & Thursdays 5:00 - 5:30pm

0411 115 147 connie@capornyoung.com.au

0412 385 056 richard@capornyoung.com.au

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STYLE AND SPACE

87 EVANDALE STREET Combining substantial living space, excellent separation and a backyard built for fun and games, your family will be right at home here for years to come.

This double storey Webb & Brown-Neaves property oozes character and warmth and is perfectly positioned in a quiet, tree lined street.

Wednesday 5.30pm - 6.00pm & Saturday 12.30pm - 1.00pm

0408 370 809 helen@capornyoung.com.au

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MUST BE SOLD

43 MCCABE STREET This architect-designed home has been designed to celebrate its incredible location on one of the loveliest pockets of the Swan River, with a first-floor living areas and terrace making the most of the incredible views.

On site, Saturday 24th March at 4:30pm Sunday, 18th March at 12:00 - 12:30pm Thursday, 22nd March at 7:00 - 7:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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SLEEK SEASIDE STATEMENT 7 HYDASPE VISTA With a stylish, contemporary street presence and a long list of high quality internal features this elegant family residence is a natural choice for those who appreciate the finer things in life. A clever upside-down floorplan grants seaside views and good separation for growing families. Offers from $1.249m will be considered.

Closing Tuesday, 27th March at 5pm 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 LIFESTYLE OPPORTUNITY 1-8/174 LOFTUS STREET Be part of a thriving urban community in this brand-new two-bedroom designer apartments in the heart of North Perth. With smart contemporary finishes and a lively urban location, plus a bonus $10,000 first home owner grant for eligible buyers, this is definitely one for your shortlist.

Saturday, 17th March at 9:00 - 9:30am

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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CHARACTER MEETS CONTEMPORARY 66 EVANS STREET Just a stone’s throw from Lake Jualbup, this beautifully extended and renovated character home is waiting for the next family to move in and call it home!

Beyond the pretty facade sits a substantial family home with large bedrooms and a light-filled open plan living/meals/kitchen area.

Saturday, 17th March at 12:00 - 12:30pm Wednesday, 21st March at 6:15 - 6:45pm

0411 037 504 oonagh@capornyoung.com.au

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A SLICE OF SOUTH FREO HISTORY 6/330 SOUTH TERRACE Boasting plenty of potential to convert into a funky warehouse-style studio pad, this charming end apartment overlooks the vibrant South Terrace cafÊ & restaurant strip. It is one of multiple properties that take their place in what is now known as the "Biscuit Factory Apartment" complex - formerly home to the Arnott´s Mills & Ware brand that succeeded the Ross Confectionary Company.

Closing Wednesday, 28th March at 7pm

0407 771 553 carlie@capornyoung.com.au

0439 911 637 romm@capornyoung.com.au

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LUXURY LIVING IN EXCLUSIVE LOCATION 20 KAVANAGH STREET You´ll love the smart layout, space and comfort of this inviting family home in one of West Leederville´s most exclusive streets. With four bedrooms, generous linked living areas and a stunning pool, it offers an enviable lifestyle in a location that combines quiet seclusion with central convenience.

On site, Saturday 24th March at 1:30pm Thursdays 6:00 - 6:30pm & Saturdays 1:00 - 1:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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BETTER THAN NEW 8 STANBURY WAY Visit capornyoung.com.au for times

0417 920 448 emmam@capornyoung.com.au

AU CT IO N

0413 984 569 steven@capornyoung.com.au

AFFORDABLE COMO GEM 3/1A HOBBS AVENUE On site, Saturday 7th April at 11:00am Saturday 11:00am - 11.30am Wednesday 6:00pm - 6:30pm

0402 456 485 adam@capornyoung.com.au

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WELCOME TO EMPIRE EAST 14/2 DYNEVOR RISE On site, Saturday 24th March at 3.30pm Visit capornyoung.com.au for times

AU CT IO N

0408 370 809 helen@capornyoung.com.au

A LIFESTYLE LIKE NO OTHER 64/131 HAROLD STREET On site, Saturday 24th March at 9:30am Visit capornyoung.com.au for times

0408 370 809 helen@capornyoung.com.au

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LOCATION, LUXURY, LIFESTYLE 130 JERSEY STREET On site, Saturday 17th March at 12:30pm Saturday 12:00 - 12:30pm

0413 929 999 craig@capornyoung.com.au

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0408 914 117 stephanie@capornyoung.com.au

SPACIOUS FAMILY ABODE 29 THE GROVE On site, Saturday 17th March at 11:30am Saturday 11:00 - 11:30am

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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4 Kyle Way

3 Charlotte View

AU CT IO N

30 Bedford Road

7th April, 10.30am Steven Currie

0413 984 569

Call for details Tim Caporn

70A Oakover Street

0407 771 553 9A Pier Street

U ND ER

AU CT IO N

O FF ER

48 Philip Road

0406 300 828

Offers Closing Carlie Baker

Call for details With three offers Tim Caporn

0406 300 828

Michael Harries

38 Bombard Street

Call for details Emma McCarthy

9385 5559 /

0417 920 448

0434 076 229

7th April, 12:30pm Stefanie Dobro

30B Coral Tree Avenue

From $1,100,000 Craig Gaspar

capornyoung.com.au

0413 929 999

0409 229 115 96A Woolwich Street

Call for details Craig Gaspar

0413 929 999

RENTAL REVIEW IS YOUR RENTAL PROPERTY 2018-READY? With plenty of new properties coming on the market, the rental scene throughout Perth has never been more competitive. Older properties are in competition with these newer homes, however, not all tenants favour modern living - there is definitely an appetite for heritage style, classic homes that have been well-maintained and updated. We find that newer or recently-renovated properties lease first, and attract multiple applications, meaning you´ll have a better chance of securing a great tenant and avoiding vacancies if you make some small improvements.

The areas prospective tenants notice most are the wet areas and

FOR LEASE

appliances: the difference a dishwasher or air-conditioning can make to your property´s rental appeal can´t be under-estimated. A kitchen that hasn´t been updated in a decade or two could do with refreshing to attract great tenants. We also recommend repainting every seven years, to keep the property looking fresh and clean.

Tenants really value storage, so think about ways you can increase the storage capacity in your property, perhaps by adding built-in cupboards or a lockable garden shed. By making a few simple improvements, you can ensure that your investment property stands out from the crowd in 2018.

Selection of hot properties currently for lease 8/40-42 Duke Street

14/93-95 Forrest Street

8A Byron Street

21B View Terrace LE AS ED

LE AS ED

146 Victoria Avenue

LE AS ED

LE AS ED

131 Hampton Road

270C York Street

LE AS ED

8/9 Coromandel Approach

17A Gimber Street

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

9385 5559 /

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An elegant new style.

A market full of promise.

Change has never looked so good.

sales / auctions / rentals

9385 5559 / capornyoung.com.au