CY Magazine - Issue 81

Award-Winning Designer’s Sanctuary 22 July 2017 / Issue 81

08 9385 5559 / www.capornyoung.com.au

WELCOME

Richard Young - CEO, Caporn Young Estate Agents

MORE THAN JUST A GLIMMER OF HOPE Federal Treasurer Scott Morrison last week declared there was a glimmer of hope in the Perth property market.

His comments followed the news that house values recorded their biggest monthly increase in a year.

This 1.4 per cent jump is yet another sign of the market stabilising. Local buyers and inter-state investors are also returning to the market, and employment metrics (a major driver in the real estate market) are looking healthier. In fact, ANZ´s monthly measure of job advertisements, were up in WA and nationally last month (the highest level since late 2011).

Despite these positive signs, Perth´s property market remains mixed. While some suburbs are logging strong growth, overall house values across Perth are still down by 1.9 per cent year-

on-year, which means sellers in some areas are needing to bridge the gap between their optimum price and market value. The good news is that most of these buyers are then able to purchase again in the same market conditions - they maybe selling at a lower point in the cycle, but also buying at a lower point.

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

When looking to buy, it pays to step back from the figures, and consider an area´s growth potential. For example, Fremantle is flagged as a potential future hotspot, as planned redevelopments in key public spaces are likely to increase demand for housing in years to come.

Of course your home is simply that - your home!

It´s a place to live comfortably in and relax with your family, not to forget the shelter your home provides. A buying and selling decision needs to be tempered with both considerations, your sanctuary and an investment vehicle. If you have any questions about your local market, please reach out to our team. We are here to help you!

COVER: Award-winning designer’s magical urban sanctuary at 16 Silas Street, East Fremantle.

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

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

POSITION PERFECT 56 GUNBOWER ROAD Nestled among other terrific properties on the Ardross / Mount Pleasant border, this beautifully presented 3x2 home on a generous 452sqm corner block is just perfect for first home buyers, professionals, downsizers and investors.

This versatile property provides endless possibility and potential!

Visit capornyoung.com.au for view times

0450 422 224 arreum@capornyoung.com.au

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THE BEST BUY IN CITY BEACH Real estate in this highly desirable ´original´ pocket is tightly held - rarely does a new-comer get the chance to purchase such a prime piece! The 799 sqm block is ripe for redevelopment, and you can live here or rent it out while your plans come to life.

Sold off market Please call for details

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3 MARAPANA ROAD

0408 914 117 stephanie@capornyoung.com.au

0413 929 999 craig@capornyoung.com.au

AU CT IO N

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.

Saturday 19th August at 11:30am Saturday 29th July 11-11:30am & Thursday 3rd August 5-5:30pm

0406 300 828 tim@capornyoung.com.au

0449 991 795 dan@capornyoung.com.au

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SIMPLY LUXURIOUS RIVERFRONT 3/2 RIVERSIDE ROAD Enjoy all the space and comfort of a home, but with the ease of apartment living in an extraordinary setting, where the inspiring natural beauty of the river is part of your everyday. Built to the highest specifications by Imperial Homes, this is one of just four apartments and a rare opportunity to secure a northfacing waterfront location.

Low $3,000,000’s 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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MAGICAL URBAN SANCTUARY 16 SILAS STREET An arched gateway through the high courtyard wall leads to a secret garden and a stunning architecturally-designed, peaceful and welcoming home, where the natural textures of limestone, timber and travertine create a timeless atmosphere. Delight in the unexpected, including a romantic loft master suite and superb underground wine cellar with barrel vaulted brick ceiling.

From $1,199,000 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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PICTURE PERFECT HIDEAWAY 14 HARBOUR ROAD Ideally located, this enchanting character cottage has the allure of a private sanctuary coupled with South Fremantle´s best offerings.

The circa 1930s home has meticulously retained period features including sash bay windows, jarrah floorboards and fireplaces.

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

0407 771 553 carlie@capornyoung.com.au

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TOO GOOD TO MISS 9 GALLOWAY STREET On site, Saturday 22nd July at 10:30am Saturday, 22nd July at 10:00 - 10:30am

0413 984 569 steven@capornyoung.com.au

0417 920 448 emmam@capornyoung.com.au

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HISTORIC FAMILY HOME ON THE HILL 1 SURBITON ROAD Sold Please call agent for details

0409 229 115 stefanie@capornyoung.com.au

AU CT IO N

0434 076 229 michael@capornyoung.com.au

BIG ON VALUE 50A BATEMAN ROAD On site Saturday, 12th August 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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CIRQUE APARTMENTS KISHORN ROAD Visit CYCIRQUE.COM.AU for times

0413 984 569 steven@capornyoung.com.au

0417 920 448 emmam@capornyoung.com.au

HIGHLY DESIRABLE 14B THE PROMENADE Visit capornyoung.com.au for times

0413 984 569 steven@capornyoung.com.au

0417 920 448 emmam@capornyoung.com.au

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THE WARMTH OF HISTORY 115 HAMPTON ROAD On site, Saturday 5th August at 10:30am Visit capornyoung.com.au for view times

0434 076 229 michael@capornyoung.com.au

0409 229 115 stefanie@capornyoung.com.au

STUNNING LAKE VIEWS 4 CADDY AVENUE $940,000 Saturdays 1:00 - 1:30pm

0413 929 999 craig@capornyoung.com.au

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O FF ER UN D ER

170 CLONTARF ROAD

Visit capornyoung.com.au for view times

0410 085 174 siobhan@capornyoung.com.au

90A LABOUCHERE ROAD

From $889,000 Visit capornyoung.com.au for view times

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0411 429 069 karen@capornyoung.com.au

CONVENIENT, COTTESLOE LIVING 27A ELIZABETH STREET $695 per week Visit capornyoung.com.au for view times

0413 008 448 dale@capornyoung.com.au

0421 199 685 liliana@capornyoung.com.au

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RENTAL REVIEW RECORD HIGH ACTIVITY LEVELS IN PERTH More positive signs are emerging in Perth´s rental market. The latest figures from the Real Estate Institute of WA show a 32 percent monthly spike in leasing activity in May 2017, representing a 17 percent uplift from the same month the year before. In fact, more than 4,900 properties were leased in May 2017, the most ever recorded!

The caveat is that there were more rental properties available than ever before - 10,000 versus the long-term average of 4,500. In these conditions, it´s crucial that your investment property has a solid leasing strategy behind it.

FOR LEASE

We´ve just wrapped up the financial year, and despite the challenging market, we´re very proud to say the team delivered a vacancy rate of 2.6 percent, compared with an industry average of 7.1 percent. Likewise, our ´Time on Market´ averaged just 26 days, compared with an industry average of 44.

Selection of hot properties currently for lease 1/49 Hobbs Avenue

3/11 The Avenue

LE AS ED

5/13-17 Groves Avenue

Please contact us if you would like to hear about what we do to secure and retain great tenants.

18 Weld Street

39 Yakas Chase

87B Gregory Street

LE AS ED

13/16 Crossland Court LE AS ED

7/11 Leighton Beach Blvd

LE AS ED

LE AS ED

85 Fraser Street

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

9385 5559 /

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