residential magazine - issue 41

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Residential Magazine - Issue 41



    Manor from heaven

    residentialISSUE 41 NOVEMBER 25 2008

    Resort to pure opulence in this five-star stunner

    Manor from heavenResort to pure opulence in this five-star stunner

    Brick and tile front duplex half on strata title block being converted to survey strata. Comprising three bedrooms, two bathrooms, lounge/dining, family room, modern kitchen, north facing private front courtyard, lock-up carport and separate garage.

    Multiple potential users Suit retirees or investors Professional couples New home builders

    Bidding to start at $900,000 (originally listed for $1,495,000)

    Greg Rossen 0418 924 949real estate agents property managers auctioneers

    119 Broadway Nedlands WA 6009 T: 9389 6588 F: 9389 6776Licensee: G & R Rossen Pty. Ltd. A.C.N. 076 368 584

    Inspections: Saturdays 10.15 - 11.00am Wednesdays 12.15 - 1.00pm

    Day of Auction Inspect from 10.30am

    LIQUIDATION AUCTION 7a Balfour Street, Cottesloe 398sqm block Saturday 29th November 11am on Site

  • Champagne Taste?183 Roberts Road, SUBIACO

    I want something luxurious but I dont want to spend a lot. Does this sound like you?Under vendor instructions now is your chance to fulfi l that dream with the limited release of 4 luxury townhouses only at a considerably reduced price.If you want a benchmark in design and luxury but not prepared to pay for it then come to our open this weekend.

    Architecturally designed Secure under cover parkingSecure / Reverse Cycle throughout Benchmark in style An inspection is a must for investors or

    champagne drinkersfrom $1,025,000Home Open Saturday2.00pm - 2.45pm

    Kirk Bellerby 0400 511 007


    NEWS 2,3,22


    This Irish inspired resort home exudeselegance and class

    REVIEWS 8,10,14,18







    120 Roe Street, Northbridge WA 6003Phone: (08) 9237 1630 Fax: (08) 9237 by: Community Newspaper Group, 120 Roe Street, Northbridge, WA, 6003and printed by West Australian Newspapers Limited, 54 Hasler Road, Osborne Park, WA, 6017

    PROPERTY experts gathered at theUniversity Club of WA to discussPerths property future.

    The Breakfast by the Bay event wasan opportunity to discuss the issuesfacing the real estate market with apanel of three experts.

    They included Hawaiian chiefexecutive Russell Gibbs, SatterleyProperty Group managing directorNigel Satterley and NAB business andpremium banking WA state managerAndrew Whitechurch.

    The consensus of the speakers wasthat the property market in Perth hadalmost reached its low point, with thepossibility of another price dip of 5 percent at most.

    They also believed property saleswere at their lowest level in 20 yearsand, in the face of the currenteconomic crisis, an investment in realestate was still a safer bet than thestock market.

    CONTACTSGroup Real Estate Editor:

    Stephen Miles (08) 9237

    Residential EditorCarmelle Sander (08) 9237

    Writers: Romena Manning (08) 9237 Notte (08) 9237 Jones (08) 9237 MacNaughton (08) 9237 1464

    Advertising Manager: Jenny Weir (08) 9237 1602

    Advertising Representatives:

    Anthony Jones (08) 92371030 or 0413 444 073

    Office Co-ordinator: Lauren Peirce (08) 9237 1630

    Staff Photographers: Will Russell, Andrew Ritchie

    Editorial Designers: Jody Castrianni, Jo Jamieson

    Form & Function: Donna Coleman 0417 172 344

    For requests for property reviews, please e-mail:

    The Federal Government assistanceprogram for first home buyers receivedpositive response from the panel andthey expressed the hope that it wouldcontinue past the July deadline if itshowed that the measures werestimulating growth.

    In Residential this week, propertysales in the western suburbs shifted up agear after a multi-million-dollar mansionsold within just one week of featuring inthe magazine.

    Could this be an indication of whatlies ahead?

    Are western suburbs property saleson the way up?

    Full report Page 3


    Are westernsuburbs

    property saleson the way up?



    This classic contemporary first floor apartment will captivate those seeking spacious city living.

    The immaculate window lined open plan design features a chefs kitchen, dining and living area, all flowing out to the Northern balcony overlooking the terrace courtyard, which includes a versatile storage room.

    Surprisingly quiet for such a central location close to trendy shopping, resturants and nightlife.

    DAVID FEAR I 0403 052 222

    2 2 1

    MELANIE FEAR I 0421 383 089

    DESPITE relatively slow property sales, aMosman Park home was snapped up just afew days after featuring in Residential.

    The stunning Venetian-inspired mansionat 6 Mathieson Avenue caught the eye ofbuyers when it appeared on the front coverof Issue 39, on November 11.

    On Saturday, November 15, theproperty, listed at $3.95 million, was sold.

    Agent David Vitale, of Vitale FineProperties, was thrilled with the outcomeand said both the vendor and buyers wereextremely pleased.

    There is nothing quite like it in Perth;the home features unique architecture andthe views are unreal, he said. A lot ofquality construction and craftsmanship wentinto building this luxury house.

    Situated in the prestigious Minim CoveEstate, the tri-level home capitalises on theriverfront lifestyle.

    A combination of natural buildingmaterials, including limestone and sandstone,replicate classic Italian architecture. Thehome features four bedrooms, fourbathrooms, polished Tasmanian oak floors,lap pool, home theatre and undercroft garage.

    The quick sale is good news for theWestern Suburbs property market, afterSeptember quarter figures indicated the number of property sales dropped by 54per cent, compared to the previous quarter.

    I think as interest rates continueto fall, buyers will come back into the market, and were starting to see

    that happen, Mr Vitale said.While Christmas is usually a relatively

    quiet period for buyer activity, come earlynext year when everyone is returning homefrom their holidays, people will start to lookagain.

    The multi-million dollar property sold foran undisclosed price.



    ORourke,principal ofORourkeRealtyInvestments,shares his toptips on howto become atop tenant.

    1. TARGETINGKnow what you really want, and whatyou dont want.

    Be flexible with the rest of yourcriteria.

    Be prepared to decide on the spotand be prepared to leave a depositand/or credit check fee.

    2. JOB APPLICATIONYou should approach a rental-housingsearch like you would a job search.

    You should be organised, serious,professional, and make sure you standout as the best applicant.

    This means that you have to make agood impression and demonstrate thatyou will be a good steward for thelandlord's property.

    3. REFERENCESYou should have at least three reliablereferences and if you have rentedbefore, ensure that you have contactdetails of your last landlord.

    You should also contact yourreferences ahead of time to be sureyour information on them is currentand that you have their permission touse them as a reference.

    4. CREDIT RATINGMake sure that you can demonstratethat you have a good credit rating andhave a sound financial background.

    5. COMMUNICATIONTarget an area you would like to live inand register your name with localproperty management companies.

    You should check the latest listingsfirst thing every day, and call early.

    Respond quickly when a landlordcalls you back.

    If you have a mobile phone, leavethat number and have it on while youare out looking at other properties.

    Minim Cove market mover

    Plans afoot to bring extra prestige to agencyRAY White Centro has welcomed twonew professionals to its Subiaco office.

    Property consultants Angelina Davis andBoyd Fraser, who joined the group lastmonth, plan to build Ray White Centrosprofile further and bring an unprecedentedlevel of prestige to the business.

    Having come to Ray White frommanagerial roles at a competing agency, MsDavis and Mr Fraser saw an opportunitywithin Ray White to bring the gloss and

    prestige of some of the agencies on the eastcoast of Australia to the western suburbs.

    Weve seen what Ray White can do,particularly in places like Queensland, andwe really want to bring that high-qualitymarketing to the western suburbs reallylift the game for the whole area, Ms Davissaid.

    With more than 22 years of real estatework between them, Ms Davis and MrFraser bring not only a wealth of experience

    and energy but also a portfolio of top-endclients who value the service the pairprovide.

    Already the dynamic pair are aninstrumental force in building the Subiacoteams presence in the western suburbs andcoastal areas of Perth.

    Ray White Centro principal Susan Taylorsaid their energy, determination and teamqualities would be invaluable to the Subiacooffice.

    Two new professionals join the Subiaco office of Ray White Centro. By CAR