WELCOME
Richard Young - CEO, CY Property
NEW BEGINNINGS AT CY
This month has been particularly dynamic for CY Property, marked by several exciting developments.
We are gaining significant momentum as we transition out of the mid-winter months, and we eagerly anticipate launching a selection of exceptional new properties for both buyers and tenants. The slight warming in the air signals the approach of spring, further enhancing our optimism.
Our growth continues as we welcome new team members to the CY Family across all divisions. Each new team member has been carefully selected for their alignment with our values, enthusiasm, skill set, life experience and a strong commitment to achieving outstanding results for our valued CY clients.
Additionally, after navigating through the expected delays in planning, we are thrilled to announce the opening of our newest office in Cottesloe this month.
This space is designed specifically for client interactions, allowing us to engage in meaningful discussions about how we can deliver the best outcomes and tailor strategies to meet individual needs.
Finally, if you are considering becoming a new CY client and are researching potential agents to represent you as a landlord or seller, we encourage you to conduct thorough research. Remember, the devil is in the details—or the lack thereof. All that glitters is not always gold.
Our CY Team is always available for a chat about the key factors to consider when choosing an agent.
Best in property, Richard Young
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COVER: 62 Chipping Road, City Beach - Contact Michael Mort 0403 342 681 for more details.
SALES
Michael Mort - CY Partner, Team Sales Manager
SPRINGING INTO SALES SEASON
The CY Sales team has rounded off the 2023-24 financial year on a strong note, with a solid fourth quarter boasting some excellent results for our sellers.
However, there was no time to sit back and bask in these achievements, because we’ve already hit the ground running with a fantastic start to the new financial year. Listings are rolling in and properties are being snapped up at both ends of the market.
Over the last 12 months, we have seen property values in Perth grow by 24 per cent, despite increasing economic pressures caused by rising interest rates and the cost of living. At the same time, stock levels were 23 per cent lower than the previous year. In fact, over the past five years stock levels have fallen by an average of 46 per cent. Yet, the number of homes sold in 2023-24 was 29 per cent above the average yearly level, according to data from CoreLogic. This means that conditions are ripe for sellers looking to get the best possible price for their property.
The market is undersupplied, buyers are keen, and our team are on hand ready to help you make the most of the current conditions.
With spring fast approaching, now is the perfect opportunity to start preparing your property for sale. There’s time to arrange an appraisal, take care of any maintenance or improvements that will help boost your asking price, and still get your property launched onto the market for a sunny spring campaign.
The warmer weather brings people out and about for home opens and auctions, your property looks light and bright in photographs, and the air is buzzing with positivity and new opportunities.
We are already seeing strong buyer demand, and as the mercury continues to rise, we’re anticipating a matching increase in fresh enquiries – not to mention the annual surge in interstate and overseas buyers looking to secure a property before the start of the 2025 school and work year.
If you’re considering making your next move before the end of the year, now is the time to get the ball rolling. Get in touch with us today for an obligation-free chat.
RESORT STYLE APARTMENT LIVING
Suspended above the Swan River, each day presents a different outlook at this uber-luxe penthouse level apartment with its spacious balcony, sprawling Zen-like main suite and direct views overlooking Northbank Marina, Fremantle Harbour, the ocean and views to Rottnest and Carnac Islands.
RIVERSIDE SUPER BLOCK
This is a once-in-a-lifetime opportunity to secure one of Perth’s best superblocks consisting of 1113 square meters of prime riverside land, currently zoned R40 in the sought-after suburb of Como. Strategically situated in close proximity to Perth CBD, Canning Bridge Train Station, Curtin University, public transport and a host of other amenities. FOR SALE Mid $2,000,000s
NORTH COOGEE
This rarest of rare north-facing land offers a lifestyle that is often dreamt of but is very seldom achievable. A block that owns seabed into the canal allows you to build your forever dream home and, almost more importantly, your own private dock for your boat. This is a pure ‘Lifestyle’ opportunity.
FOR SALE From Mid $2,000,000s
RICHARD YOUNG 0412 385 056 richard@cyproperty.com.au
HANNAH TALLON 0414 755 542 hannah@cyproperty.com.au
LUXURIOUS FAMILY LIVING
Thoughtful finishes and design invoke luxurious and functional family living, in an outstanding location. Expansive open plan living with seamless outside flow on the ground floor and four generous bedrooms, study space plus a second living space to the second level. A quality house that you’ll feel proud to make home. FOR SALE C oming Soon
FUNCTIONAL FAMILY LIVING
Occupying the most tranquil of cul-de-sac settings whilst backing on to Recreational Parklands, this promising 4 bedroom 3 bathroom entry-level home offers contemporary comfort for all involved – in a friendly Mosman Park neighbourhood location that is just footsteps away from our picturesque Swan River and beautiful Leighton Beach. FOR SALE M id to High $1,000,000s
YOUNG 0412 385 056 richard@cyproperty.com.au
LUCINDA GARLICK 0400 890 099 lucinda@cyproperty.com.au MOSMAN PARK 2 PORTSEA RISE
YOUR COASTAL LIFESTYLE AWAITS
Welcome to your ultimate family retreat in the heart of Scarborough, where a stunning three-level home offers the perfect blend of convenience and comfort, ideal for entertaining. Just moments from the beach, top schools, and vibrant local amenities, this is the perfect place to embrace the coastal lifestyle. FOR SALE C oming Soon
COMINGSOON
LAVISH COASTAL LUXURYTHE BEST OF EVERYTHING
Enviably located just one residential street away from golden sands and crystal-clear IndianOcean waters at North Floreat Beach and close to so much more, this contemporary 5 bedroom 5 bathroom tri-level coastal masterpiece stands as one of the finest creations ever built by Giorgi Homes, catering to the most discerning clients. Spanning approximately 838 sqm of exquisitely designed lifestyle and living space, it impressively offers wide-open views of the vast dunes and the deep blue sea beyond.
FOR SALE Coming Soon
Hand-carved antique timber doors, bolstered by an inviting limestone path and moody dark render reveal a magical retreat from within this restored, heritage home. Built in 1900 along a charming historical streetscape, this clever renovation honours original high ceilings against white-washed walls and rustic timbers.
NIKKI GOGAN 0437 225 725 nikki@cyproperty.com.au
JESSE GOUGH 0435 181 129 jesse@cyproperty.com.au
SAMANTHA FIELDING 0410 145 770 samanthaf@cyproperty.com.au 5 2 2 321
JESSE GOUGH 0435 181 129 jesse@cyproperty.com.au
CURTIS MCQUADE 0452 267 170 curtis@cyproperty.com.au
HANNAH TALLON 0414 755 542 hannah@cyproperty.com.au
0406 694 963 ali@cyproperty.com.au
VINCENT PARRY 0426 907 397 vincent@cyproperty.com.au
0414
PATRICK LECLEZIO 0437 600 392 patrickl@cyproperty.com.au
TAN 0451 823 933 mary.tan@cyproperty.com.au CURTIS MCQUADE 0452 267 170 curtis@cyproperty.com.au
NORTH COOGEE 68 MARABOO LOOP
Welcome to Maraboo Loop and this exquisite three-story home nestled in the North Coogee Marina. This sunset-facing sanctuary offers a harmonious blend of luxury and coastal charm, perfect for those who appreciate the finer things in life. Enjoy the tranquillity of marina views and the vibrant community atmosphere that makes North Coogee a sought-after destination for discerning residents. FOR LEASE $2,000 per week
BULL 0432 445 856 kasey@cyproperty.com.au
STYLE AND SOPHISTICATION
SWANBOURNE 2A MYERA STREET
Nestled on a commanding, yet low-maintenance, 423sqm (approx.) corner block where the stunning lakeside Ballaruk Bushland sits only walking distance away and at the end of the cul-de-sac, this impressive brand-new 4 bedroom 3 bathroom two-storey residence defines modern “lock-up-and-leave” living, offering a versatile floor plan in one of Perth’s premier locations.
LEASED $1,900 per week
KASEY BULL 0432 445 856 kasey@cyproperty.com.au
LILIANA TALEMAITOGA 0421 199 685 liliana@cyproperty.com.au
BEACHSIDE COMFORT & CHARM
Elevated from street level and with its own access to the beach via a front gate, this exemplary 3-bedroom, 3.5-bathroom level 1 apartment at the commanding corner “Beachside Leighton” complex in North Fremantle is available for lease for the first time ever. Offering a sense of coastal comfort and contentment like no other. LEASED $1,850 per week NORTH FREMANTLE 9 / 1 FREEMAN LOOP
STUNNING WATERSIDE LIVING
N802 / 70-72 CANNING BEACH ROAD
On the eighth floor, a stunning luxurious sanctuary awaits, promising a lifestyle of unparalleled elegance and comfort with panoramic river views. The open-plan layout of this newly refurbished apartment seamlessly connects the lounge, kitchen and dining area, all flowing onto a generous north-facing balcony. LEASED $1,300 per week
KASEY BULL 0432 445 856 kasey@cyproperty.com.au
LILIANA TALEMAITOGA 0421 199 685 liliana@cyproperty.com.au
0432
0421
liliana@cyproperty.com.au
RENTAL REVIEW
Sheridan Currie - Property Management Team Leader
UNLOCKING
As 2024 progresses, many investors are re-evaluating their portfolios amid high volatility in the stock market. When deciding between property and stock investments, understanding their distinct advantages is crucial for making the best choice for your financial goals. At CY Property, we understand the complexities of navigating these decisions and our team of experts is dedicated to providing personalised advice when it comes to your unique property investment goals. In particular, the Perth property market presents notable opportunities, emerging as a standout investment destination. It offers a median house price of $718,560, making it significantly more
FOR LEASE
affordable than Sydney ($1,395,804) and Melbourne ($942,779). Furthermore, Perth leads with the highest capital growth rate, showing a 5.2% increase over three months and a remarkable 18.3% over 12 months. For rental returns, Perth shines with houses yielding 4.4% and apartments 6.2%, making it an attractive option for both capital gains and rental income. By choosing CY Property, you gain access to valuable insights that can enhance your investment approach and maximise returns. We offer in-depth market analysis and strategies designed to optimise your portfolio. Get in touch today to discuss your next step in the Perth property market.
Selection of hot properties currently for lease
