cy magazine - issue 56

Iconic Manor

PERTH’S BEST PROPERTIES FOR SALE OR LEASE 18 JUNE 2016 | ISSUE 56

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GET INSIDE 85,000 HOMESPut your property in the hands of 85,000 potential purchasers by

advertising in CY Magazine. Contact Caporn Young to find out more.

www.capornyoung.com.au | 08 9385 5559 | /capornyoung

Steeped in history and set within magical gardens, Mount Lawley’s iconic Bona Vista awaits new

owners.

Our senior management team has just returned from an intensive 3-day principals’ summit in Queensland.

The event is completely unique, as it brings together directors from the leading real estate businesses across Australia and New Zealand in a non-competitive environment - no two companies from the same region are represented. Needless to say, collaboration and innovation thrive.

A highlight of this year’s agenda was leadership speaker Rachael Robertson, who shared insights of her time leading teams in one of Earth’s most challenging environments: Antarctica.

In summer, Rachael’s role was to keep a hectic research programme moving forward. During the boring winter months, her main role was to keep 18 strangers from killing each other who were confined in small spaces with total darkness outside for 6 months! Without a hint of irony,

she revealed that a $20million science program almost derailed over whether bacon should be soft or crispy!

Rachael spoke of the importance of collaborative environments, where leadership attributes are not confined to those ‘in charge’.

She’s also a big believer in the idea that ‘Respect Trumps Harmony’ - a philosophy very close to the heart of what Caporn Young is about. If you focus on harmony in an organisation, you stifle innovation and push any grievances underground.

Respect is much more important in the success of a team. For example, we are adopting the no ‘triangles’ at Caporn Young, meaning no one speaks to a third party about someone else, unless it’s something you would say if they were standing by your side. Man up, go direct and have an open and honest conversation.

Plenty of new learnings came out of the summit too - we’re feeling full of energy and fresh ideas to make your experience with Caporn Young even better.

W E L C O M E 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.

CY Magazine is distributed free of charge to the shaded areas below:

RESPECT OVER HARMONY FOR A SUCCESSFUL TEAM CULTURE

COVER: Steeped in history is 35 Glenroyd Street in Mount Lawley. Contact Stefanie Dobro 0409 229 115 or Michael Harries 0434 076 229 for details.

Winter is the season to be noticed.

Don’t wait for a crowded spring market. With less competition from other sellers and highly motivated buyers, winter is a great time to sell.

Ask about Caporn Young’s winter selling strategy today by calling 9385 5559. CY

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Richard Young - CEO, Caporn Young Estate Agents

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

A new property law that has been hyped in the media as “bizarre” and “shocking” is set to take effect on July 1 – but for the vast majority of buyers, it simply means obtaining one extra piece of paperwork.

The new law, which is aimed at reducing tax avoidance amongst foreign residents, will require all sellers of homes sold for $2million or more to produce a ‘Tax Clearance Certificate’, which will verify they are not a foreign resident for the purpose of the new measures.

Without this certificate, the seller will be treated as a foreign resident, regardless of their citizenship or the length of time they have lived in Australia. In this case, a 10 percent non-final withholding tax will be paid directly to the Commissioner following the sale of the property.

The tough new measure is a bid by the government to overcome low

levels of voluntary compliance of Capital Gains Tax amongst foreign residents who sell property in Australia. The amount paid to the Commissioner is not a final tax, and it will be credited against a person’s Australian tax liability once a tax return has been lodged.

Caporn Young chief executive Richard Young says the good news is that the necessary paperwork can be obtained easily, and without hassle. The Australian Taxation Office is implementing an automated process for issuing clearance certificates, which can be applied for by the seller, or the seller’s agent, online. The certificates can be applied for at any time, without cost, and are expected to be valid for 12 months.

“For Australian residents who are selling property in this price bracket, the most important fact to remember is that so long as you obtain your Tax Clearance Certificate, you will have

absolutely no problems,” Richard explains.

“You simply need to take the appropriate steps and to ensure compliance with the law. The ATO has indicated that, in straightforward cases, the clearance certificates are expected to be provided within days of the application being made. High risk and unusual cases may take longer than 28 days, so I encourage you to be proactive and get your Tax Clearance Certificate early in the process. This will minimise any risk of delays in the property settlement process.”

For buyers purchasing a property for $2million or more, your settlement agent will need to obtain a clearance certificate from the seller, or pay the prescribed amount to the Commissioner. The relevant amounts must be paid on or before the day the purchaser becomes the owner of the property.

“Whether you are a buyer, an Australian seller or a foreign resident seller, a good conveyancer will be able to guide you through this process and ensure you are abiding by the new laws. If in doubt, reach out to your local Caporn Young representative,” Richard adds.

“While we’re not tax lawyers, we are up-to-speed with the new requirements and we can point you in the direction of the appropriate experts and provide assistance where possible.”

Real estate changing hands for less than $2million is exempt from these new requirements. Detailed information on the new regulations is available on the Australian Taxation Office website www.ato.gov.au. Search term: ‘Foreign resident capital gains withholding payments’.

IMPORTANT LAW CHANGE FOR $2M+ PROPERTY SALESEVERYTHING YOU NEED TO KNOW ABOUT THE NEW RULES

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4 2 2 15181

FOR SALE On site Saturday, 25th June at 3:30pm_____________________________________________________________________

INSPECT Saturday, 18th June 4:00 - 4:45pmThursday, 23rd June 5:00 - 5:45pmSaturday, 25th June 3:00 - 3:30pm_____________________________________________________________________

KEY FEATURES Rare double-storey 1917 home, abundant period featuresPanoramic views of the city & surroundingsSprawling living areasExtensive landscaped formal gardensExtensive security

With atmospheric heritage interiors, magical gardens and sweeping city views from the deep

verandas, this historic Mount Lawley home, one of the finest in the suburb, combines the

elegance of the past with modern, yet sympathetic additions to create a sumptuous and

comfortable home in an exclusive, central suburb.

MOUNT LAWLEY HER I TAGE ICON

35 GLENROYD STREET, MOUNT LAWLEY

MICHAEL HARRIES0434 076 229

[email protected]

STEFANIE DOBRO0409 229 115

[email protected]

C L A R E M O N T | F R E M A N T L E | A P P L E C R O S S

AUCTION

www.capornyoung.com.au | 08 9385 5559 | /capornyoung

C L A R E M O N T | F R E M A N T L E | A P P L E C R O S S www.capornyoung.com.au | 08 9385 5559 | /capornyoung

AIDAN CASEY0407 423 655

[email protected]

CONNIE HANDCOCK0411 115 147

[email protected] SALE Please call for details _____________________________________________________________________

INSPECT Saturday, 18th June 11:00 - 11:30am

Wednesday, 22nd June 5:30 - 6:00pm

Saturday, 25th June 11:00 - 11:30am_____________________________________________________________________

KEY FEATURES Modern two-storey rear home

Fabulous indoor-outdoor entertaining

Close to shops, cafes & transport

With expansive indoor-outdoor living, theatre room, separate guest bedroom, extra upstairs living area, luxurious master suite and fabulously functional kitchen, this big beautiful house defines the modern family home, with tasteful décor and subtle use of warm colours really setting it apart from the rest. Secluded at the rear, this peaceful location offers perfect convenience.

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4 2.5 2 481BIG, BEAUTIFUL FAMILY HOME 162A MARMION STREET, EAST FREMANTLE


JAKE SIMMONS 0407 082 383

[email protected]

PHIL HAYES0420 200 773

[email protected] Closing Tuesday, 21st June at 4pm_____________________________________________________________________

INSPECT Saturday, 18th June 12:30 - 1:00pm_____________________________________________________________________

KEY FEATURES Simply sophisticated apartment on the beach

Light-filled open-plan living

Large private courtyard

This is pure relaxation by the ocean: a minimalist aesthetic, light, space and clarity of design in an exclusive beachfront environment. With a pared-back beachy feel, this ground floor apartment flows beautifully, with an open-plan kitchen living and dining space over eleven metres long opening up to a large alfresco balcony with its own private gate leading to the pool and the gym.

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2 2 2 192COASTAL CLARITY31/11 LEIGHTON BEACH BLVD, NORTH FREMANTLE



[email protected]


[email protected] SALE Please call for details_____________________________________________________________________

INSPECT Saturday, 18th June 10:00 - 10:30am

Saturday, 25th June, as advertised_____________________________________________________________________

KEY FEATURES Ocean, island & port views

Light, airy, creative

Walk to beach, shops, cafes

Several living areas, flexible workspaces

Carved out of Fremantle´s industrial heritage, this creative ocean-view home on the park is a series of inventive, light-filled spaces with a serene feel of airy openness framed by the impressive jarrah and steel beams of the original building. Architecturally designed to flow easily with various independent zones for relaxation, work and entertaining, here you can walk to the beach, shops and cafes and come home to complete peace and quiet.

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4 2 2 369OCEANS OF CREATIVITY3/21 JENKIN STREET, SOUTH FREMANTLE



[email protected]


[email protected] On site Saturday, 2nd July at 10:30am_____________________________________________________________________

INSPECT Saturdays, as advertised

Wednesdays, as advertised_____________________________________________________________________

KEY FEATURES High ceilings, jarrah floors

Ducted air-conditioning, gated parking

Charming historic street

Close to beach, shops, cafes

This 1898 brick and iron cottage is all about authenticity and atmosphere, in one of South Fremantle´s most picturesque streets lined with historic homes in a perfect location between South Beach and the Fishing Boat Harbour. Here, classic heritage features -bullnose verandah, jarrah floors and high ceilings - combine with the light and comfort of a north-facing open-plan kitchen opening up to the outdoor dining area and charming courtyard.

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3 1 2 28419TH CENTURY MAGIC2 NELSON STREET, SOUTH FREMANTLE


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This 883sqm corner block is the real estate equivalent of a pot of gold at the rainbow´s end. The light-filled home has two distinct living areas, 3 good-sized bedrooms and a wonderful indoor-outdoor vibe. Walking distance to Swan River, parklands, and excellent schools, it´s in the midst of a sought-after family neighbourhood with huge future potential.

OFFERS

OFFERS Closing Wednesday, 29th June at

5:00pm_______________________________________________

INSPECT By appointment_______________________________________________

CONTACT Lara Richardson 0417 185 706

Aidan Casey 0407 423 655

BRING YOUR CREATIVE VISION8 MORRIETT STREET, ATTADALE

5 2 2 8171

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Architecturally designed and built in 1967, this is the original Hamptons! Handsome and very spacious, the property is brimming with outstanding features, including a grand master suite and a swimming pool. The huge 300sqm+ interior means you´ll never feel cramped again - update and this ´forever´ home will serve your family through all life stages. 750m to Swan River!

OFFERS


5:00pm_______________________________________________




ALL AMERICAN FAMILY HOME10 SHEARMAN STREET, ATTADALE


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Here´s a real estate opportunity that will get your heart racing: Two side-by-side blocks totalling 1,700sqm. Explore your options to redevelop the site with multiple dwellings... create an incredible sprawling property with all the bells & whistles... or simply keep it ´as is´ and enjoy a home-and-income package. A once-in-lifetime opportunity is staring you in the face!

OFFERS


5:00pm_______________________________________________




CHOOSE YOUR OWN ADVENTURECORNER SHEARMAN ST & MORRIETT ST, ATTADALE

5 3 2 7621

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As you wander through this expansive family property, you will be amazed at the calm serenity and warm ambiance of this home. The views over lush green treetops are reminiscent of a country estate in the hills.

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AUCTION Onsite Saturday, 9th July at 1.30pm_______________________________________________


CONTACT Arreum Han-Caporn 0450 422 224

COUNTRY PARADISE IN THE CITY3 FOXON ROAD, BIBRA LAKE


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Opportunity knocks with this wonderful entry-level family residence! Three bedrooms, two reception rooms, plus open plan kitchen/dining/living space. Superb extra separate studio within beautiful established gardens. For anyone with the desire to make their mark on a home, this is a must see property!

FOR SALE Price on application_______________________________________________


CONTACT Chris Storey 0420 290 906

NEST OR INVEST!64 MERIWA STREET, NEDLANDS

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This character home offers plenty of comfort and convenience, including a free-flowing living area and a gorgeous swimming pool. Close to the beach, the CBD, local shops and schools and the freeway, it combines a great location with original charm and neutral finishes throughout.

SOLD BY YOUR LOCAL AGENT29 MCKENZIE STREET, WEMBLEY

FOR SALE Sold in 18 days_______________________________________________

INSPECT Sold in 18 days_______________________________________________

CONTACT Craig Gaspar 0413 929 999

Mandy Pattison 0430 440 924

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This lovely mid-century home offers a freeflowing, bright and airy retreat with beautiful landscaped gardens, plenty of living space and a modern kitchen and bathrooms. Ready to move in with no work to be done and space to extend, it will suit families, professionals and investors.

SOLD BY YOUR LOCAL AGENT26 ST VINCENTS AVENUE, WEMBLEY





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Beautifully renovated and extended, this divine circa 1900s weatherboard home is the ultimate blend of character and contemporary living with attention to detail that is second to none. With stunning extra height pressed metal ceilings, picture rails, skirtings, cornices and jarrah floorboards throughout, all the period features have been carefully restored to ensure this gorgeous home has retained all of its original charm.

SOLD BY YOUR LOCAL AGENT25 COLDSTREAM STREET, WEST LEEDERVILLE





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This renovated and extended character home offers generous living spaces, three bedrooms, and beautiful gardens with subdivision or extension potential. Located between beach and CBD, it´s sure to appeal to families, investors and professionals wanting easy access to the city.

SOLD BY YOUR LOCAL AGENT115 ST LEONARDS AVE, WEST LEEDERVILLE





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Perfectly positioned to take in sweeping river views, this recently renovated contemporary home provides spacious living options in a low-maintenance package. Situated on a sizeable block, this fine home is one of exceptional quality and style, and offers the ultimate in modern living.

FOR

LEASE

FOR LEASE Please call for details_______________________________________________


CONTACT Lachlan Burrows 0422 666 072

EXCEPTIONAL QUALITY & STYLE!172A PRESTON POINT ROAD, EAST FREMANTLE


T O V I E W A L L O U R P R O P E RT I E S F O R S A L E G O T O C A P O R N Y O U N G . C O M . A UCLAREMONT OFFICE

CLAREMONT (ID: 3031701) CLAREMONT (ID: 3028808) COTTESLOE (ID: 3033952) DAGLISH (ID: 3026756) LEEDERVILLE (ID: 3038775) MOUNT LAWLEY (ID: 3044900) NEDLANDS (ID: 3046517)

PERTH (ID: 3042587) SUBIACO (ID: 3029976) WEST LEEDERVILLE (ID: 3042185) WEST LEEDERVILLE (ID: 3039507) WEST LEEDERVILLE (ID: 3037993) WEST LEEDERVILLE (ID: 3036741) WEST LEEDERVILLE (ID: 3032897)

FREMANTLE OFFICE

APPLECROSS OFFICE

EAST FREMANTLE (ID: 3002374) EAST FREMANTLE (ID: 3016111) FREMANTLE (ID: 3036165)

MYAREE (ID: 3024411)

EAST FREMANTLE (ID: 3047645) EAST FREMANTLE (ID: 2974562)

FREMANTLE (ID: 3013078)FREMANTLE (ID: 3033090) FREMANTLE (ID: 3029306) FREMANTLE (ID: 3039304)FREMANTLE (ID: 3035487) FREMANTLE (ID: 2999907)

FREMANTLE (ID: 3040682)

APPLECROSS (ID: 3024330) APPLECROSS (ID: 3034137) ATTADALE (ID: 3045356)

MOUNT PLEASANT (ID: 3030916)

BEACONSFIELD (ID: 3030895)

ATTADALE (ID: 3045353)ATTADALE (ID: 3045364)

ROSSMOYNE (ID: 3046755)

ATTADALE (ID: 3041244)

ATTADALE (ID: 3028818) ATTADALE (ID: 3025383) BOORAGOON (ID: 3038767) MELVILLE (ID: 3047924)

ATTADALE (ID: 3033089)

FREMANTLE (ID: 3010910)

ROSSMOYNE (ID: 3047443) SHELLEY (ID: 2955814) WILLAGEE (ID: 3048339) WILLAGEE (ID: 3042502) WILLAGEE (ID: 3041712) WILLAGEE (ID: 3031346) WILLAGEE (ID: 3012178)

HILTON (ID: 3047139) NORTH COOGEE (ID: 3016390) NORTH FREMANTLE (ID: 3041605) NORTH FREMANTLE (ID: 3032847) NORTH FREMANTLE (ID: 3023582) SOUTH FREMANTLE (ID: 3045858) WHITE GUM VALLEY (ID: 3047229)


ARE YOU MAKING THE MOST OF YOUR TAX DEDUCTIONS?

The ATO makes some fantastic tax deductions available to property investors - but with the end of the financial year speeding towards us, time is running out! If you plan to making the most of your deductions this year, I recommend getting on top of any maintenance jobs or small renovations straight away.

The benefit of doing this is two-fold. Tenants are spoilt for choice in our current rental market, and it’s the well maintained properties that are faring well.

Small improvements are the kiss of life, and do wonders for tenant loyalty, as well as the amount of interest a property attracts on the market. Resurfacing bathrooms, replacing old carpet and repainting all have a big impact.

We’re happy to provide advice around this subject, so feel free to reach out to your property manager for a discussion. If you´re looking at renovating, also make sure you speak to us about organising a depreciation report. As always, we are here to help!

R E N T A L R E V I E W Lee Fitzgerald - Licensee | Property Management Team Leader

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

F O R L E A S E H O T P R O P E R T I E S

EAST FREMANTLE 67 Petra Street

$640 per week

HAMILTON HILL 5/395 Carrington Street

$350 per week

FREMANTLE 12 Bolton Place

$650 per week 2 1 13 2 1 1 1 1

MOSMAN PARK 70/31 Wellington Street

Call for details 2 1 1

WHITE GUM VALLEY 6 Stokes Street


WHITE GUM VALLEY 57 Samson Street


ATTADALE 99a Moreing Road


BEACONSFIELD 29 Livingstone Street


COMO 3/38 Comer Street

$545 per week 3 2 2

www.capornyoung.com.au | 08 9385 5559

NO OTHER LOCAL AGENCY HAS BETTER ACCESS TO BUYERS

LAST WEEKEND WE MET

226 BUYERS

LAST MONTH WE MET

897 BUYERS

ON AVERAGE WE SELL 27

HOMES PER MONTH

Which means we have 870 buyers left over last month alone

cy magazine - issue 56

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