CY Magazine - Isuue 88

When Style Meets Warmth 4 November 2017 / Issue 88

08 9385 5559 / www.capornyoung.com.au

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

COTTESLOE LOGS 18.5% ANNUAL PRICE GROWTH The western suburbs have long been the star performers in Perth’s real estate market.

Despite the doom and gloom in the media, it’s ‘business as usual’ here in many ways.

One key difference is the shortage of quality properties available for purchase. Perth logged its lowest level of transactions since 2008 this year, which correlated with the balance of supply and demand tipping in the favour of western suburbs sellers. Amidst low stock levels and good buyer demand, we’ve been achieving many exceptional sales results in these desirable neighbourhoods.

My observation is sellers are holding off putting their property on the market, assuming now isn’t a good time to sell. This leaves buyers competing for a smaller selection of properties, which in turn drives higher prices at the negotiation table and in our Caporn Young auctions.

For example, Cottesloe experienced 18.5 percent growth in its medium house price last financial year. After dropping from $1,950,000 to $1,700,000 between 2015 and 2016, median prices in this iconic suburb are now climbing beyond $2,000,000.

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.

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

In many ways Cottesloe is the epicenter of Perth’s property market, and this uplift is making its presence felt south of the river as well. Although there’s no pressure on prices just yet, we’re seeing more active buyers circling in these suburbs, and solid sales figures month after month.

The renewed sense of confidence is unmistakable. But unfortunately, there’s still a serious undersupply of quality listings coming onto the market. If this trend continues, prices will inevitably increase.

It is important to note that the Perth market is 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: Cool architecture balanced by a genuinely warm ambience at 51B St Leonards Ave, West Leederville.

Contact Craig Gaspar 0413 929 999 or Stephanie Taylor 0408 914 117.

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

CORRECTION: In the previous issue, the article published under ‘Market News’ should have been attributed to the author, Gavin Hegney, a guest writer for the magazine. We apologies to Gavin andproperty our readers the mistake.

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

Unbiased advice, every time.

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Congdon Street

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Napier Street

Torrens Street

Curtin Avenue

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Broome Street

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Boreham Street

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Lyons Street

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CY Cottesloe Results

Broome Street

9/15 Eric Street, Cottesloe

For details on any of these properties or to find out how we’re consistently achieving outstanding results for our clients, please contact us today.

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

9385 5559 / capornyoung.com.au

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

DAN HEGNEY 0499 991 795 dan@capornyoung.com.au

Offers from $395,000

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YOUR URBAN SANCTUARY 4

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WEST LEEDERVILLE 51B ST LEONARDS AVENUE There´s no need to compromise when buying in West Leederville - you get the convenience & walkability of inner city living, combined with the leafy ambience of the western suburbs. This stunning modern property takes that a step further - it provides spaciousness against a backdrop of nature, without compromise to the low maintenance ´lock and leave´ lifestyle that everyone craves. The cool architecture is balanced by the genuinely warm ambience, creating a home that feels just as good as it looks.

The property holds an enviable position in this trendy neighbourhood, just a few doors down from much-loved coffee shop Piccolo´s Corner, and only a 3 minute stroll to the local primary school. You can also walk to the Cambridge Street shops, Lake Monger, Subiaco, and the West Leederville train station - all within 5-10 minutes. Jumping on the train, the heart of Perth CBD is only 4 minutes away. It doesn´t get better than this!

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

CRAIG GASPAR 0413 929 999 craig@capornyoung.com.au

STEPHANIE TAYLOR 0408 914 117 stephanie@capornyoung.com.au

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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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BRAND-NEW CUSTOM DESIGNED HOME 28B SWAN ROAD This sprawling family home will transform the way you live. Highlights include four king-size bedrooms (all with walk-in robes), two luxurious master suites, two separate living areas, a theatre room, and an office. You can even take a bath under the starry skies... This is the good life!

On site, Saturday 18th November at 11:30am Visit capornyoug.com.au for times

0417 185 706 lara@capornyoung.com.au

0407 423 655 aidan@capornyoung.com.au

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MAKING A LASTING IMPRESSION 1/39 PRESTON STREET The faรงade of this street front home will be your first impression but inside you will be impressed to discover an executive home with unrivalled space for everyone. This is a home that is ageless in appeal and timeless in position but rare in offering and guaranteed to leave a lasting impression!

Saturday 18th November at 12.30pm Saturday 12:00 - 12:30pm & Thursday 6:00 - 6:30pm

0402 456 485 adam@capornyoung.com.au

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GRACIOUS RESIDENCE

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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LOCATION & LIFESTYLE 2/421 CAMBRIDGE STREET (REAR) Finally! Here is the perfect opportunity to move into this blue-ribbon neighbourhood without the eye-watering price tag or the burden of a large block to maintain. This smartly presented 3-bedroom home is a must-see for downsizers, professional couples or young families trying to get a foothold in Floreat.

from $795,000 Visit capornyoung.com.au for times

0408 370 809 helen@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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QUINTESSENTIALLY FLOREAT 7 LINDEN GARDENS This charming character filled property will pull at your heart strings from the first glimpse. Built in 1945, this home oozes authentic Art Deco character.

Boasting immeasurable street appeal, a substantial rear extension and fantastic indoor-outdoor entertaining, this is a "must see".

On site, Saturday 18th November at 3:30pm Visit capornyoung.com.au for times

0408 370 809 helen@capornyoung.com.au

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FREO BRICK & IRON BEAUTY 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 5:30 - 6:00pm & Saturdays 1:00 - 1:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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PRIME R40 DEVELOPMENT BLOCK 8 BATTRASS PLACE Tucked away at the end of a quiet cul-de-sac this prime development block is awaiting the astute investor.

Zoned R40, 8 Battrass Place Innaloo offers 969m2 of land proudly set on the high side of the street with a Northern rear aspect.

On site, Saturday 18th November at 1:30pm Visit capornyoung.com.au for times

0406 300 828 tim@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 6:45 - 7:15pm & Saturdays 2:00 - 2:30pm

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

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RIVERSIDE RESIDENCE 9 CORKHILL STREET Spread over two levels, this executive, light filled home will appeal to those wanting to downsize without compromising on quality, farming families looking for a spacious city base or professional couples looking to lead a glamorous yet down to earth lock up and leave lifestyle.

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

0409 229 115 stefanie@capornyoung.com.au

0434 076 229 michael@capornyoung.com.au

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SUMPTUOUS STYLE 90A SYDNEY STREET You will love living here. Sprawling open plan living zones transition seamlessly to a stylish alfresco, complete with outdoor kitchen (all equipment included). Integrated speakers, controlled via iPad, create instant ambience.

This home is spacious and impressive - upstairs, the master suite is fit for royalty.

On site, Saturday 2nd December at 10:30am Visit capornyoung.com.au for times

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@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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SPECTACULAR VIEWS

13 SUCCESS CRESCENT This luxury 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. Will be sold!

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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YOUR GREAT SOUTHERN ESCAPE LOT 114 HORSE HILL ROAD Offers from $980,000 Visit capornyoung.com.au for times

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0412 385 056 richard@capornyoung.com.au

WATERFRONT PERFECTION 23 SALTER POINT PARADE On site, Saturday 11th November at 10:30am Visit capornyoung.com.au for times

0413 984 569 steven@capornyoung.com.au

0417 920 448 emmam@capornyoung.com.au

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SPECTACULAR ROOFTOP TERRACE 7/3 ROSSLYN STREET All offers from $899,000 Visit capornyoung.com.au for times

0413 929 999 craig@capornyoung.com.au

0408 914 117 stephanie@capornyoung.com.au

2 FAIRMOUNT CLOSE

Visit capornyoung.com.au for times

0406 300 828 tim@capornyoung.com.au

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69 GLYDE STREET

SOLD

0409 229 115 stefanie@capornyoung.com.au

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RENTAL REVIEW MORE TENANTS CHOOSING TO STAY It is heartening to see more and more tenants are choosing to renew their leases with us. Although our client is always the property owner, we aim to treat tenants as respected stakeholders in the entire process. High quality service minimises the churn of tenants who move out because they felt their property manager was being unreasonable, or not responding to issues appropriately.

The tenant stability we are consistently experiencing gives us capacity to take on more managements. This comes at just the

FOR LEASE 40 Cawston Road

6 Raceway Road

12/12 Doepel Street

right time, as we have a growing list of potential tenants looking to move into premium school districts in time for the new school year.

In addition, our vacancy rate is a fraction of the industry (2.4 percent versus 7.4 percent) and our average ´days on market´ is considerably lower (21 versus 61). If you´re interested in how our Caporn Young difference can work to benefit your property investment, please reach out to me for an obligation-free discussion.

Selection of hot properties currently for lease 16 Bent Street

5A Pier Street

36 Burt Street

230 South Terrace

2/34 Norton Street

8/1 Douro Place

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

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When the outcome matters.

The brand matters.

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