Residential Magazine June 17, 2008 by CommunityNewspaperGroup

residential WESTERN SUBURBS WEEKLY

ISSUE 18 • JUNE 17 • 2008

Grand homestead up for grabs Piece of Australian history at Gingin’s Cheriton Estate

In the lap pool of luxury Ocean views at a Mosman Park home that’s fit for a king

Village

The

at Seascapes

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INDEX

residential WESTERN SUBURBS WEEKLY

ISSUE 18 • JUNE 17 • 2008

Grand homestead up for grabs Piece of Australian history at Gingin’s Cheriton Estate

Even garden gnomes can help offset tax on investment property In the lap pool of luxury Ocean views at a Mosman Park home that’s fit for a king

NEWS

GARDEN gnomes are a depreciable asset that rental property investors can use to claim a few dollars back from the taxman, according to tax depreciation specialist DEPPRO. Assessor Jennie Gorham said the diminutive garden sentinels were one of many items overlooked by Australia’s swelling ranks of property investors when claiming deductions. “Many investors in Australia totally underestimate the number of items that can be depreciated for tax purposes and this comprehensive list can even include garden gnomes. “Under taxation ruling TR 2000/6/15 garden gnomes are depreciable as plant over their

2-6, 18

COVER STORY

Michael Valetta reflects on his cricketing triumph for Australia and a property career spanning 25 years.

REVIEWS

7-11, 19-21, 24

OUR AREA

JUST LISTED

PROPERTIES FOR SALE

NEW HOMES

COASTAL AND COUNTRY

means millions of dollars in tax benefits are lost every year by investors not claiming their legitimate entitlements,” Ms Gorham told Residential. The ATO will target claims for deductions related to rental properties as a key area when tax returns starting pouring in after June 30. DEPPRO marketing manager Karenna Tucker said property investors should check depreciation reports are written by a member of the Australian Institute of Quantity Surveyors to ensure they complied with frequently changing rules in a complex field of tax accounting. ■ ■ ATO fires a warning shot, or three. Dollars & Sense. Page 30.

Jennie Gorham... claiming depreciation.

economic life.” She said investors could unlock more than $100,000 in possible tax benefits from an average Perth residential property with the help of a depreciation report, which costs about $600. “A large proportion of these tax benefits are never claimed which

25-28

FORM & FUNCTION

DOLLARS & SENSE

CONTACTS Group Real Estate Editor: Stephen Miles (08) 9237 1540 Stephen.Miles@communitynews.com.au

Advertising Manager: Jenny Weir

(08) 9237 1602

Residential Editor: Andrew Gregory (08) 9237 1487 Andrew.Gregory@communitynews.com.au

Advertising Representatives: Karen Martin (08) 92371569 or 0413 444 011 Karen.Martin@wsweekly.com.au Anthony Jones (08) 92371030 or 0413 444 073 Anthony.Jones@communitynews.com.au

Writers:

Office Co-ordinator: Charo Stronach

120 Roe Street, Northbridge WA 6003 Phone: (08) 9237 1630 Fax: (08) 9237 1059 residential@communitynews.com.au Published by: Community Newspaper Group, 120 Roe Street, Northbridge, WA, 6003 and printed by West Australian Newspapers Limited, 54 Hasler Road, Osborne Park, WA, 6017

Romena Manning (08) 9237 1464 Romena.Manning@communitynews.com.au Lucy Rickard (08) 9237 1464 Lucy.Rickard@communitynews.com.au Jane Evans (08) 9237 1464 Jane.Evans@communitynews.com.au Courtney Notte (08) 9237 1464 Courtney.Notte@communitynews.com.au

(08) 9237 1630

Staff Photographers: Will Russell, Andrew Ritchie Editorial Designers: Michelle Pierre, Jody Castrianni Form & Function: Donna Coleman 0417 172 344 Donna.Coleman@communitynews.com.au For requests for property reviews, please e-mail: residential@communitynews.com.au

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NEWS

Little things, and something of value After gaining the heady heights of success representing Australia in international cricket, Mike Veletta sits comfortably after 25 years in the real estate industry as a director of residential valuations for a Perth company. By ANDREW GREGORY FORMER international cricketer Michael Veletta has always valued the little things. Like the camaraderie felt by the Australians and the pivotal innings he played in scoring 45 runs from 31 balls, to help propel the national team to its first World Cup win in 1987. Or a bail taken from the wicket after they claimed victory over England in the event, “which I’ve still got around somewhere”. But just as treasured is the chance meeting with prominent Perth real estate agent, the late Kevin Sullivan, at an end-of-season cricket function in the early 80s that launched him into a career in property. Mr Sullivan offered Veletta a job as an assistant valuer and he started the next day. Now, as he approaches his 25th anniversary in the industry, Veletta reflects on the much-changed Perth property scene. Now director of residential valuations at CB Richard Ellis, Veletta can recall the times in the early 1980s when most wage and salary earners could easily afford to buy a median-

Veletta then, above, and now, left, in his role as a director of residential valuations.

priced house in the average Perth suburb. “You could buy an older house on a good sized block at a reasonable price, all within 10 kilometres of Perth. As a first home buyer now, there is just no way that you could entertain the thought of buying within that same locality.” Despite the high price of buying a home after a number of years of stellar price appreciation, Veletta still believes in bricks and mortar and now is as good time as ever to take the plunge into property ownership. However, he said buyers do need to adjust their expectations and attitudes to be more in line with those in Sydney and Melbourne, where buyers have become more attuned to medium density living. “I think we are in as good a cycle for buying, as long as you can service the debt,” he said. “[But] we need to take a cue from Sydney and Melbourne, where medium-tohigh-density living is firmly entrenched. “In Perth, there is still a low-density mentality. More people should be looking at two-bedroom apartments – look less at land

Alan Border holding up the first World Cup won by the Aussies in 1987.

content and more at the residential aspect of a property,” he said. Like many businesses in the industry, the property market slowdown has had an impact on CB Richard Ellis. “A large part of our work is with mortgage lenders, who are grappling with the impact of the softening residential market,” Veletta said. “The increase in the cost of finance is impacting on their workflow and it’s having a significant effect.” But Veletta is a born optimist and said the market can quickly turn around, just like the fortunes of the Aussies in the 1987 World Cup. Veletta said he can recall the pinnacle of his cricket career as if it were yesterday. “We were in Calcutta and it was a really early start,” he said. “We left the hotel a bit after 7am and it took an hour to travel about half a kilometre from the hotel to the ground because of the masses of people. “It was just a really great team and a really great squad. We were all relatively new to the international game. “Australia was developing as a powerhouse in the sport but we were really a long way off where we are now. So there were no great expectations on the team like there are today. “I was thinking to myself: ‘If I am not going to do anything else in this sport, I might as well have a good day today’. “I think everyone looked at it the same way – let’s just go out and demonstrate what we can do.” Australia won the toss and elected to bat first. The top order had posted 168 runs when opening batsman David Boon was caught for 75. The Aussies had lost three wickets for 17 runs when Veletta came in to bat alongside captain Allan Border. Veletta’s ability to lift the run rate in the latter stages was squarely put to the test. “I had 10 or 12 overs to play, I had to force the run rate.” His 45 runs from 31 balls was enough to lift Australia to a triumphant victory by seven runs. England fought valiantly but were unable to sustain the required run rate, falling short in the closest final in World Cup history. Veletta was in the thick of things right to the end. “I actually fielded the last ball on the boundary,” he told Residential. “I should have held on to it because it would have been worth something by now.” Spoken like a true valuer. ■

Take Your Pick! West Leederville

7 Lake Monger Drive

$1,390,000

Stunning Lakeside Location.

Fantastic Art Deco home opposite Lake Monger! This home is one to enjoy, already renovated and extended to create fantastic space for the family. Boasting both formal and informal living, modern kitchen, 4 bed and 2 bath. Features include laundry, alarm system, lockup garage & carport and serene gardens. Future development potential (STCA). Whether for living now or investment the options are excellent. Michelle McGill and Meagen Crump

West Leederville

3 Lesser Street

9483 3858

$790 - $820,000

Tastefully Elegant.

Cul de sac location in the heart of West Leederville, this stunning brick and iron bullnosed beauty boasts mega charm. Spacious formal lounge opening from the traditional entry and hall. Third bedroom or formal dining. Features include simple smart kitchen, indoor/ outdoor entertaining area, polished ďŹ&#x201A;oorboards. Close to all amenities. This is a brilliant home for the professional couple. Michelle McGill and Meagen Crump

Stirling

88 Telford Crescent

9483 3858

From $1.19M

Movie Star Wanted!!

...For this luxury 4 bedroom, 2 bathroom double storey home in prestigious Princeton Estate!! Built in 2007 by Bluestone Developments, this impressive home boasts innovative design with ample living including family, theatre, activity, study, air conditioning, double garage, Bali-style alfresco, pool and much more!! This one is sure to impress!! Lee Willson

0401 477 872

West Leederville 114 Woolwich Street $820-$860,000 Traditional Ambience!

Michelle McGill and Meagen Crump

9483 3858

1043895.09

This exceptionally pretty cottage is set in popular quiet spot close to schools and Cowden Park. Boasting traditional entry with central hallway opening to 3 good sized brms and ďŹ&#x201A;owing through to the open plan living room. The galley style kitchen is incorporated with the meals and living room, all opening to the north facing rear garden. Add a fantastic large double auto garage from the side right of way, lovely jarrah boards and high ornate ceilings. It is truly a charmer of a cottage.

In the current market climate, you need a lot more than this from your real estate agent. It’s a tough market out there. There’s no doubting that Buyers are wary. Sellers have high expectations. Agents are on notice. It’s as simple as that. If your property has been lingering on the market without a result, it’s time to up the ante. At Property People, we develop a marketing strategy speciﬁc to the individual needs of each of our vendors. Clever, compelling and clear strategies must be created to ensure that every property we present for sale is matched with buyers’ selection criteria. And at Property People, the agent who lists your property opens your property. Take the Smarter Marketing approach and talk to Property People today.

115 Birkdale Street Floreat WA 6014 fax 9387 8627

phone 9208 1999

phone 9387 7122

perthpropertypeople.com

1042134.08

Real Estate Results 247 Oxford Street, Leederville WA 6007 fax 9208 1900

NEWS

The blokes accept an invitation

Safe havens in declining Perth property market

WESTERN suburbs real estate agency The Property Exchange has broken an 11-year stretch as an all-female real estate agency by hiring two men. New general manager Graham Freeman joined the company from Jones Lang LaSalle, while Damian Clement has climbed on board as a sales agent. “I had no doubt I was entering a very professional agency,” Mr Freeman said. “At the end of the day, they are professionals, and the good thing is they are not new to the business, and get on with the day-to-day business.” The Property Exchange girls took a few minutes out of their busy schedule to ham it up for the cameras and celebrate the introduction of Y chromosomes to the team. Sales and marketing director Niki Peinke said that no men had previously asked for a job at the agency because they thought it would not happen in an all-female property firm. The company elected to market itself as an allfemale firm after positive feedback from new clients when it was founded in the early 1990s. “After we started the company with Janey (Sanderson) in a little office on Rokeby Road, we got alot of business really quickly. We asked people, and they said they really liked dealing with women,” Ms Peinke told Residential. “We kind of got known by the other agents as ‘the girls’. After it became obvious that being known as ‘the girls’ was our point of difference, we thought if that’s why we are getting business, then we should stick with it,” she said. But times had changed and it was time for the company to move on, she said. ■

INNER-city units and apartments appear to be a safe haven in a declining Perth property market, according to the latest release from RP Data. “Perth units values have decreased by 1.35 per cent over the first four months of 2008. However the inner areas of Perth have defied the slowdown,” the company said. The RP Data/Rismark International endof-month report confirmed that capital growth had “flattened considerably” in key national markets of Sydney and Melbourne. Rismark International’s head of research, Mathew Hardman, said the housing market was experiencing a higher level of volatility from quarter to quarter. “Overall, we are entering a period of higher volatility across all asset classes: stocks, properties, interest rates, metals,” Dr Hardman said. RP Data research director Tim Lawless said that while he was confident that property values would rise in the long-term, various factors were dampening short-term and medium-term prospects – constrained demand and low confidence among investors and buyers. “Most importantly, the current high inflationary environment is causing a high degree of uncertainty in the market which translates to low buyer and investor confidence,” he said. “Cashed up buyers now have a large amount of leverage as a result of current market conditions especially now that properties are taking longer to sell and there are fewer buyers,” Mr Lawless said. ■

New general manager Graham Freeman and sales agent Damian Clement get a warm welcome from the all-girl team at The Property Exchange.

At Oceanique, you’re just a couple of steps from the Indian Ocean...

Only a few steps from one of WA’s best golf courses…

And now, just one step away from living there.

FINAL STAGE NOW SELLING. Oceanique luxury apartments at Port Bouvard. There’s nowhere else quite like Port Bouvard – the beaches, golf course, canals, estuary and marina. Oceanique Luxury Apartments represent the very best of this prestigious development. Only Oceanique offers you absolute beachfront luxury living, surrounded by The Cut golf course voted the ‘Best in WA’ by Golf Digest – all just an hour’s drive from Perth. Call now to live the luxury lifestyle, with the exclusive offer of a ﬁxed price and just 5.9% interest, ﬁxed for three years after settlement.

PBD Realty Sales Centre – 1 Preston St, Como. Open 10am – 5pm Sat & Sun Contact Trent Quinn-Schofield 9368 6592 E: sales@oceanique.com.au *Conditions apply. To approved applicants. 5% deposit on signing, 25% deposit at settlement in 2010 and the balance with three years ﬁxed interest at 5.9%. Guaranteed.

WH32318

5.9% INTEREST FIXED FOR 3 YEARS* ≠ FIXED PRICE GUARANTEED ≠ COMPLETION 2010

REVIEWS Feel like a king in your luxury castle Designs make most of sweeping views of ocean, Rottnest Island and parklands. By ROMENA MANNING THE designer of this prestigious house exposed the building site for exactly what it was – 695sqm of premium corner land – and capitalised on its potentially multifarious views. Architect Einar Fredriksson set the building off the ground, allowing ocean vistas from parts of the ground floor and views to Rottnest Island and north to parkland from top-storey rooms. A travertine-clad terrace at the front side of the house has a lap pool along one side and has numerous sets of bi-fold doors integrating it with the inside. The owner said this was his favourite area, describing it as a beautiful spot with superb views, and said he also loved the upstairs living area with its vast outlooks. Uncut travertine features on a partition wall in the entry, which conceals a staircase, storage area and powder room and splits to an open-plan living area and to a main bedroom. High ceilings and openings to the front terrace as well as its own north-facing courtyard afford a sense of openness to the main bedroom, which has a galley-style walk-in wardrobe and a magnificent ensuite. The ensuite, like other bathrooms, is tiled from floor to ceiling in travertine, and its luxurious fit-out includes glassdisplay shelves and a freestanding, moulded bath. A galley-style kitchen has integrated dishwasher, Gaggenau

4 appliances, industrial-style underslung sink, island bench with wrap around CaesarStone tops and a matching built-in buffet. American oak timber floors are in the main bedroom and upstairs rooms, where a lounge room central to three bedrooms opens to two viewing balconies. The owner said it would be perfect for families with growing children as you can live comfortably on one level and be very independent upstairs. This standout property is enveloped by high, rendered boundary walls and has automatic gate access. ■

MOSMAN PARK $5,890,000

32A OWSTON STREET

FEATURES Travertine-clad terrace with a lap pool along one side of the house, main bedroom with a magnificient galley-style walk-in wardrobe and ensuite. AGENT Mack Hall and Associates CONTACT Peter Burns on 9286 5555 or 0418 925 012 VIEW By appointment

BURSWOOD $1,899,000 15/39 Bow River Crescent

Professional Property Management Team Success and Service is our alternate name

Call Vanessa Fazio or Janelle Rees 9385 9000 or 0417 942 095

DISCOUNT GIVEN FOR MULTIPLE PROPERTIES

FAIRWAY APARTMENT This exclusive “FAIRWAY APARTMENT” overlooks the Burswood Golf Course, Swan River and Peth City. Meile appliances, airconditioning, 2 secure car bays, executive pool and just 2 deluxe apartments per floor. Approx 160sqm of living. Michelle Hawkins 0413 624 832 Ailsa Hosking 0433 262 854

1041819.05

www.schwenkeyoung.com.au

SUBURB PROFILE

O U R AREA

What would Henry Charles think of Crawley now? asks AMANDA RANKIN

Crawley THE land now known as Crawley was first acquired by Henry Charles Sutherland, one of the colony's first surveyors, in 1837. Sutherland named his property after his mother, Anna Crawley. The land was later purchased by Sir George Shenton, who bequeathed the majority of it to the University of Western Australia, the state's first university. Taking up about three quarters of the suburb, the 65 hectare campus opened its doors in March 1913 with 184 students in three faculties: Arts, Engineering and Science. Along with its reputation as a university of high quality learning, UWA is widely acclaimed for its grounds and buildings and its picturesque setting beside the Swan River. MEDIAN HOUSE PRICE: At the end

of March this year, the median house price in Crawley was $1,612,500, according to the Real Estate Institute of WA. FOR SALE NOW: $7.95m will buy you a piece of riverside luxury at Apartment 3/12 The Avenue, Crawley. With direct private access to the water's edge and occupying the whole floor (more than 370sqm) in a select group of four, this sumptuous apartment comes complete with an airconditioned wine cellar and gym. Crawley has a large number of older style flats to accommodate university students, such as a fully furnished one bedroom unit on Broadway on the market for $340,000. DEMOGRAPHICS: Thanks to the university, Crawley is crawling with young people, giving the suburb a median age of just 24 years. The median

weekly household income is $822 and median monthly mortgage repayment is $1559. UWA is also the reason for the high number of rental properties – 65 per cent of them with a median price of $175. PARKS: Matilda Bay Reserve is a popular spot for boating and home to the University Boat Club and the Perth Dinghy Sailing Club at the north end, and Royal Perth Yacht Club and Mounts Bay Sailing Club to the south. The bay ends at Point Currie and the Pelican Point Conservation Area, an important breeding sanctuary for international migratory birds. RETAIL: Broadway Fair Shopping Centre is centrally located right near the university and has supermarket, newsagent, post office, pharmacy and other retailers.

DINING: If you like to dolphin watch while you eat then Matilda Bay Restaurant is the place to go for seafood and scenery. For a more casual lunch with a similar view there is also the Matilda Bay Tea Rooms. University Asian Restaurant is located in the Broadway Fair Shopping Centre and there are a host of eateries along Broadway that cater to the university crowd. PUBLIC TRANSPORT: There are regular bus services to and from the Perth CBD. OTHER ATTRACTIONS: Crawley's main attraction is Matilda Bay, a beautiful, protected stretch of land and river utilised by rowers, cyclists, swimmers and picnickers. With the Swan River vista and Kings Park as a backdrop, it is a popular site for weddings, parties and other functions.

South Perth Grandeur $6,550,000

Panoramic Views of the Swan River and the City of Perth The ground floor offers 3 or 4 car garage, wine cellar, huge storeroom and workroom plus a large area suitable for a gym or games room. The next three levels all have balconies with magnificent views, with an internal winding jarrah staircase plus 4 person lift to service the floors. Superb master bedroom with paramount views, includes fully tiled ensuite with separate water closet and bidet, spa bath

and large shower cubicle. Spacious family room with doors leading to a heated resort style below ground pool with a quality paved (non slip tiles) surround and covered area to relax and enjoy. Magniﬁcent formal areas, 3 bathrooms and 3 powder rooms with the best ﬁttings money can buy. Security throughout and reverse cycle airconditioning are practical features. Designed for entertainment and

leisure living, the top ﬂoor is ideal for entertaining with folding doors to BBQ area partly covered with views to die for, including Kings Park and the Darling Ranges. Viewing is strictly by appointment.

Contact: Bob Brown 0413 219 884 107559101

Original owners are offering this magniﬁcent 4 storey executive residence with 3 or 4 bedrooms, 3 bathrooms and 4 car garage is something to behold. With 4 levels of luxury, its winding jarrah centre staircase, stunning jarrah ﬂoors, quality Spanish tiles and granite work-tops in the huge chefs kitchen and more cupboards than you can imagine, it is the ultimate luxury. Seeing is believing!

LJ HOOKER THORNLIE

Phone: 9459 7788

Email: thornlie@ljh.com.au

REVIEWS

• Assessing your total borrowing capacity • Advising on the most suitable loan structure to meet your objectives • Identifying the lenders that may approve your loan • Completing all loan application documents • Submitting the loan application to the lender of your choice for approval • Notifying you as soon as your loan has been approved • Assisting in the execution of all mortgage documents.

Gavin Cox - Principal

LICENCE NUMBER 3249

FROM $6M

SUBIACO 1A CENTRO AVENUE AGENT WA Prestige Properties CONTACT Ian Sargent and Michael Donnelly, 9388 6422

Subi Centro penthouse Live on top of the world in Subiaco. COURTNEY NOTTE APARTMENT living can be restrictive in terms of space, but the owners of this penthouse have ensured it has all the advantages of a traditional house without any of the disadvantages. Owners Jack O’Donnell and Lynette Leoni built the 694sqm residence to their specifications. Spread over a single level in the Subi Centro location, it was designed to offer maximum living space and require minimum maintenance. A rarity in a residence such as this is outdoor space, but several spacious alfresco areas with easy care border gardens – one with an American-made turbo pool and flotation tank – provide space for outdoor entertaining without the added fuss of elaborate gardens. There is a glasshouse conservatory with louvered Aneeta glass windows and east and west patios. Each outdoor area, including several private balconies that adjoin the living areas and bedrooms, has one of five original water features. Adjusting to apartment living was a big lifestyle change for the couple, who

previously lived in a Mosman Park home. Ms Leoni said the inner-city lifestyle on offer in Subiaco was also a drawcard. “We wanted to try apartment living and we wanted to see what it was like living in more of a village atmosphere,” she said. “From Subiaco you can walk or cycle to almost everything.” The efforts of the owners, architect John Sneddon of Urbanised Architects Subiaco and builder Lou Di Francesco have paid off. The Building Design Association Awards recognised the apartment in the mixed commercial and residential category in 2005 and 2006. Toughened glass doors open from the lobby to an indoor-outdoor atrium. Floor-to-ceiling triangular glass walls form a central corridor in the home and lead from the entertaining area through the living areas to the rear patio. To integrate the indoor and outdoor areas, the glass doors that frame the atrium open to the kitchen, dining, family, games and lounge rooms. ■

Properties That You Cannot Ignore!

The following is a list of properties that are being seriously sacriﬁced and need to be brought to your attention! Act now!!

32 LUPIN HILL GROVE, NEDLANDS

$1,575,000

This is a brand new property being offered now at a fraction of the price of the others in the same street (Save over $200,000)

243 BARKER ROAD, SUBIACO

$1,550,000

This property was snapped up at this price, but the buyers can’t obtain the appropriate Visa to buy it. Take another $100,000 off this price and it can be yours...

78 WOOLWICH STREET, WEST LEEDERVILLE

$1,080,000

This extended character home would have got $1,350,000 a year ago I believe! It’s a shame but now we have to give it away.

130A ETON STREET, NORTH PERTH

$790,000 to $850,000

How gorgeous is this? Almost brand new, 3 double bedrooms, great entertainment areas and much more! Needs to be seen to be believed - at this price!

56 RUPERT STREET, SUBIACO

$1,295,000

This gorgeous house started out at $1,595,000 which, we agree was a tad high. Now, however it is ridiculously low as this is one of the best locations in Subi! Check them out on our website then make your move... you won’t regret it!

www.thepropertyexchange.com.au 9388 3988

1076536.01

107307201

T: 6262 5458 F: 9382 3086 M: 0412 370 352

REVIEWS

Three-level living An apartment in a complex of 137 at The Maltings offers best of all worlds, reports COURTNEY NOTTE It is surprisingly spacious, with 190sqm of internal living space. A foyer opens to a free flowing family room, meals area and kitchen, with polished jarrah floorboards throughout. Structural beams feature midway up the double height Victorian-ash lined ceilings, with a void above the living areas to the floors above. Three sets of full height french windows take in views of the expansive grounds and overlook the pool. Natural light floods the living areas while sliding doors open to a tiled entertaining balcony. While the living areas have a warehouse-inspired industrial edge, the kitchen lends itself to classic presentation, with stainless steel appliances, a white Miele dishwasher that blends with the cupboards, a pantry and single fridge space. A Victorian ash staircase leads to a shared bathroom on the first floor landing. There are also two minor bedrooms on this floor. The second floor is a dedicated master suite and features high, raked ceilings with glass panels, a walk-through dressing room and an ensuite bathroom. ■

$965,000-$995,000

PERTH 39/65 PALMERSTON STREET AGENT Limnios Property Group CONTACT John Vellutini 9328 3866 or 0420 371 877

Perth’s Most Exclusive Luxury Apartments. NOW SELLING.

Join the exclusive few to live in one of 59 full or half floor apartments. With interior specifications and attention to detail never seen before in Perth. 18 The Esplanade offers a uniquely higher calibre of living.

www.18theesplanade.com.au Contact our exclusive selling agent for more information Neil Kay 0439 687 688 Richard Mathlin 0431 973 953 Ofﬁce (weekdays) 08 9325 2533

CF - P7242

THIS tri-level apartment has retained unique hallmarks of its circa 1900s heritage. Situated at the former site of the Wesfarmers Honeypool building and now known as The Maltings, the large complex is comprised of 137 apartments. It has four entrances for residents, a double lock-up garage and private drying court reserved for each apartment and communal facilities including a lap pool and spa, fully equipped gym, sauna, barbecue facilities, residents lounge, conference room, and historic museum. The sprawling grounds are maintained by a caretaker and provide idyllic views from most apartments. Located in an original building, which is one of three former kilns on the site, this three-bedroom apartment was completed in 2001 after extensive renovations and restorations. Original materials from the turn-ofthe-century factory have been retained, such as large steel and solid jarrah beams. They add authenticity and a rustic charm to the apartment. Situated on the second level of the award-winning complex, the residence combines heritage charm and modern convenience.

REVIEWS

Superb work in a reconstruction A perfect balance reached between the old and the new. By COURTNEY NOTTE OWNER and architect Meaghan said her renovated and extended home is the perfect juxtaposition between old and new, with every convenience for modern family living. By using materials recycled from the original house as well as an old house in Midland, the owners of this residence have created an environmentally-friendly home, without compromising style or sacrificing quality. The original two-bedroom, onebathroom home was virtually gutted before the renovation and extension processes were commenced. Meaghan and her town planner husband bought the circa 1900s cottage in West Leederville in 2002 with the intention of staying long term. Meaghan oversaw the project, even while pregnant, and the transformation of the heritage residence unfolded exactly as she desired. “We love this area. Originally, we planned to stay in this house for 10 years but we got the renovating bug and we’re moving onto another project,” serial renovator Meaghan said. “That’s why we paid so much attention to detail. When people move in here all they will need to bring is a couch and beds. Everything is already here.” This statement is no exaggeration. Integrated appliances hidden in white cupboards save space and create a streamlined aesthetic in the kitchen, while curved wood veneer touch-spring wall panels

$1,350,000

WEST LEEDERVILLE 54 NORTHWOOD STREET AGENT Bellcourt Property Group CONTACT Kirk Bellerby on 9322 0000 in the ultra-modern extension conceal a wellappointed laundry and audio-visual storage compartments. For an authentic indoor-outdoor cinema experience, a projector was installed in the open-plan living areas. Meaghan described the sun-drenched, north-facing kitchen and family room as “absolutely perfect.” White walls and polished concrete floors characterise this space.

Textured wallpaper in the central hallway reflects Meaghan’s contemporary vision for the home. From here, two minor bedrooms and the main bedroom, with a fireplace, ensuite and walk-in wardrobe, can be accessed. The hallway opens to the light and airy living areas. Floor-to-ceiling windows take in a view of the courtyard with a homemade

water feature. Concrete stairs to one side of the room lead to a mezzanine studio with louvered windows that maximise ventilation and negate the need for airconditioning. Enjoy views to Subiaco Oval and Kings Park from this versatile area. To maximise space on the block, there is a guest bedroom in the roof space that is currently is used as Au pair quarters. ■

FROM $2,350,000

CITY BEACH 68 CHIPPING ROAD AGENT Altitude Real Estate CONTACT Team Tonich 0419 517 001

Privacy assured in seaside home Tiling extends through the living areas, with exposed brick walls and high raked ceilings adding to the dramatic look. By LUCY RICKARD LIMESTONE walls and a secure wrought iron gate keeps this City Beach home hidden away from prying eyes, set back from the road to allow space for an alfresco area. The below ground pool is set into limestone paving, and has tropical themed gardens. This landscaped area has a timber-framed flat roof pergola, and looks back over the pool to the house. This property of 855sqm has three driveways, one on Chipping Road and two from Talgarth Way leading to separate garages. The home has a secure entry, with one door leading into a private foyer, where a second door leads into the home. Tiling extends through the living areas, with

exposed brick walls and high raked ceilings adding to the dramatic look. A lounge room has a funky styling, with a red, mirrored built-in bar nestled under the stairs. To the right of here, the combined kitchen and dining room enjoys the sunlight, with the west-facing windows looking toward the dunes. The kitchen has a single fridge recess, dishwasher and electric cooking appliances. Overhead cabinets provide ample storage space. Toward the rear of the home, a central area currently utilised as a study could act as an activity room, with two minor bedrooms branching off in one direction, and the main

bathroom and laundry in the other. Steps from here direct you to the main bedroom on the top floor, which has a walk-in robe and an ensuite with a spa. A second alfresco area toward the rear of the property is fully enclosed with glass and has a built-in brick gas barbecue. A paved courtyard to the rear connects to a garage, and has landscaped, elevated garden beds. This property is the ideal investment for those seeking a beachfront home, with privacy and seclusion. There is the potential for a redevelopment on the site, although the current home could be suitable for renovations. ■

45 Kinkuna Way, City Beach Iconic Ocean View Sanctuary 1,538 sqm of land.

Expressions of Interest (Around $6 million)

Walled, private & encompassing olive groves, tropical & Mediterranean gardens. Look across parkland & enjoy magnificent “sunsets forever”. Architectual genius has created this palatial proportioned estate. Extensive marble flooring, exotic timbers and dramatic use of glass - all accentuate the opulence. An outstanding family residence with endless ocean views from every level, where “everyone can have their own space”.

Inspect & be inspired

Inspections by appointment

4 bedrooms, 4 bathrooms, office, kitchen, family, lounge & dining, retreat, gymnasium & wine cellar, double garage, pool.

Peter Burns Cam Greig peter@mackhall.com.au

cam@mackhall.com.au

M: 0418 925 012

M: 0411 888 891

www.mackhall.com.au F: 9286 5566 104637708

T: 9286 5555

for sale 31 Jameson Street, Mosman Park Stunning Modernist Creation “The Ultimate, futuristic lifestyle”

For Sale $2,390,000 Home Open Saturday 10.00 to 10.45am or by appointment

Built to a vibrant specification - a sensational NEW home incorporating all the luxuries you dream of! Clean lines, interesting angles & soaring verticals spectacular contemporary kitchen & adjoining family spaces - central alfresco loggia - upsized room proportions - downstairs guest suite/study Northerly rear entertaining terrace, the list goes on ....

• • • • • • •

4 bedrooms (can be 5 bed) 3 bathrooms Kitchen/meals/family Lounge Loggia Double Garage 483sqm of land

Peter Burns peter@mackhall.com.au

M: 0418 925 012 F: 9286 5566 1046378.12

T: 9286 5555

JUST LISTED

9383 7777 14 Kings Rd 3 bed, 1 bath from $1.3m The Property Exchange 9389 3988 6 Allora Ave 4 bed, 3 bath from $2.25m Dee Seed Real Estate 9386 6777 2/25 Proclamation St 2 bed, 1 bath $589k Paxton Hoad 9381 9111

CITY BEACH 21 Catesby St 5 bed, 2 bath $1.8m Acton North 9285 0111 5 Perina Wy 4 bed, 2 bath $2.39m Acton North 9285 0111 19 Palana Rd 4 bed, 2 bath $2.1m Acton North 9285 0111 CLAREMONT 88 Alfred Rd 3 bed, 1 bath from $800k Abel McGrath 1300 553 456 CRAWLEY 4 Crawley Ave 3 bed, 3 bath POA Dee Seed Real Estate 9386 6777 24/72 Broadway 1 bed, 1 bath $319k-$329k Unit Bexleys Real Estate 0419 944 337 FLOREAT 115 Grantham St 4 bed, 2 bath $1.1m Acton North 9285 0111 21 Winmarley St 3 bed, 2 bath $1.225m Acton North 9285 0111 MOSMAN PARK 28 Hutchinson Ave 5 bed, 3 bath $4.59m Mack Hall & Associates 9286 5555 MT CLAREMONT 12 The Marlows 5 bed, 3 bath $3.5m Acton North 9285 0111 6 Newark Spur 4 bed, 2 bath $1.599m Acton North 9285 0111 NEDLANDS 13 Boronia Ave 4 bed, 2 bath Auction Abel McGrath 1300 553 456 SHENTON PARK 30 Violet Grove 3 bed, 1 bath $698k Growth Realty 9388 3422 3/7 Keightley Rd 3 bed, 2 bath $739k Paxton Hoad 9381 9111

SEE WHAT ALL THE FUSS IS ABOUT.

RESA306461

ALREADY VISITED BY THOUSANDS, THE ELEMENTS MAY WELL BE PERTH’S MOST VISITED DISPLAY HOME. AND LITTLE WONDER. CUTTING EDGE. MINIMALIST. A PLEASURE TO COME HOME TO. URBAN LIVING REDEFINED. SEE IT THIS WEEKEND FROM 1PM TO 5PM AT BACKWATER CIRCLE, BURNS BEACH ESTATE, BURNS BEACH. FOR MORE INFORMATION OR TO ARRANGE A PROFESSIONAL CONSULTATION, CALL OUR FREECALL NUMBER, OR SIMPLY VISIT ONE OF OUR DISPLAY HOMES.

D I S P L AYS :

SUBIACO 19 Darbyshire Dve 3 bed, 2 bath $1.6m Acton Dalkeith 9386 8255 10/346 Barker Rd 2 bed, 2 bath $1.050m Acton Dalkeith 9386 8255 4/100 Subiaco Rd 1 bed, 1 bath $280k Acton Dalkeith 9386 8255 6 Laurino Rise 4 bed, 3 bath $1.25m Bexleys Real Estate

SWANBOURNE 42 Devon Rd 2 bed, 1 bath $1.25m Mack Hall & Associates 9286 5555 WEMBLEY 71/99 Herdsman Pde 1 bed, 1 bath $215k Airey and Associates 9384 0077 47 McKenzie St 4 bed, 2bath $1.39m House Bexleys Real Estate 9383 7777 55 Keane St 3 bed, 2 bath $1.25m House Bexleys Real Estate 9383 7777 WEST LEEDERVILLE 24/50 Cambridge St 1 bed, 1 bath $225k-$229k Bexleys Real Estate 9383 7777 43 Joseph St 4 bed, 1 bath $895k Property People 9208 1999 67 Woolwich St 3 bed, 1 bath $875k Property People 9208 1999 96a McCourt St 3 bed, 2 bath $1.55m Property People 9208 1999 WEST PERTH 74/38 Kings Park Rd 2 bed, 1 bath $449k Blackburne Property 9429 5777 8/1331 Hay St 2 bed, 1 bath $509k-$529k Blackburne Property 9429 5777 17a Violet St 2 bed, 1 bath $650k Dee Seed Real Estate 9386 6777 4/173 Vincent St 3 bed, 2 bath $699k Dee Seed Real Estate 9386 6777 5/51 Mount St 2 bed, 2 bath $925k Dee Seed Real Estate 9386 6777 2/47 Mount St 3 bed, 2 bath $2.55m Dee Seed Real Estate 9386 6777 Agents are invited to send their new listings to property@wsweekly.com.au by 2pm on Thursday

COTTESLOE

$2,500,000

BURNS BEACH: ‘The Elements’, Backwater Circle, Burns Beach Estate ILUKA:

‘The Modern#4918’, Burns Beach Road, Beaumaris Beach Estate. FORRESTDALE: ‘The Penthouse #4911’, Wright Road, Vertu Estate HEAD OFFICE: Suite 7, 59 Walters Drive, Osborne Park. ONE OF PERTH’S MOST SOUGHT AFTER LOCATIONS

ALTERNATIVE EXPRESSIONS IN HOUSING residentialattitudes.com.au

The best block in the street and the street is one of Cottesloe’s ﬁnest. The beach is just a short walk, in fact you can smell the sea from here. There is a rear laneway which stops at this property allowing a very practical vehicle access straight into the

property. The block is level and ready to build on.

Call Peter Kuhne on 9375 8822 0428 758 822

107605701

URBAN LIVING REDEFINED - TWO STOREY DESIGNS - $350,000 TO $750,000+ FREECALL 1800 331 388

1 Tipperary Mews

8 Peel Street

3/276 Barker Road

Chic urban townhme embracing fashion and function! A stylish executive haven in the prestigious ‘Subi Park’, with an expansive park outlook.

Modern, single level home with concrete floors, funky spaces - casual with a touch of techno!

Modern, bright and vibrant inner city apartment promising a footloose and fancty free lifestyle on the doorstep of Rokeby Road.

10A Joseph Street

5 Evans Street

32 Lupin Hill Grove

At last... a near new two storey home on an easy care front strata block with the master suite on the ground floor!

Exciting lake front contemporary home with wonderful northerly views over Lake Jualbup, in a truly breathtaking location within a stroll to the shops.

You wont believe the value of this brand new home in the Hollywood Estate - compare with the others - but be quick on this!

130A Eton Street

120 Herbert Road

56 Rupert Street

Theere is simply no better buy than this 2 year old freestanding 3 x 2 stylish modern home with big double garage.

An immaculate and pristine 3 bedroom late 50’s home in a good location which is light, bright and fabulous!

Amazing buying for this tastefully and stylishly renovated 1900’s home with garage, just steps to Rokeby Road and all the action.

Janey Sanderson (Director)

0411 524 211

Jillian Jeffery

0409 301 654

Niki Peinke (Director)

0411 428 117

Ingrid Bradshaw

0411 411 365

Office 9388 3988

www.thepropertyexchange.com.au

REAL ESTATE AGENTS . AUCTIONS . PROPERTY MANAGEMENT

Josh Sumner 0408 055 359

Michael Hoad 9485 7637

0419 195 873

Marina Berzins

SUBIACO $500,000 This townhouse is situated in one of Subiaco’s most sought after

9485 7637

locations. Features a kitchen with ss steel appliances, a sunken lounge that opens onto a paved crtyard & a single lock up garage.

Michael Hoad

market! Excellent kitchen and bathroom, full height ceilings throughout, open plan living and dining on a 427sqm lot with ROW.

SUBIACO $1,275,000 Extra pretty brick and iron 3 bedroom home priced to meet the

and more.

home theatre/games room, 4 generous bedrooms, 2 luxury bathrooms plus powder room, exceptional kitchen, double garaging,

SUBIACO $1,850,000 Stylish new tri-level home of excellent quality and superb finishes. This is an ideal entertainers’ home with fabulous living spaces,

313 Rokeby Road, SUBIACO • 9381 9111 www.paxtonhoad.com.au

Michael Hoad

9485 7637

large courtyard at rear on a 339sqm lot.

1 1

living areas, fabulous kitchen with black granite tops, quality fitout, ducted reverse cycle air conditioning, double garage, wonderful

SUBIACO $1,790,000 Four bedroom freestanding brick and iron home with no common walls. Guest bedroom with ensuite on ground floor, 3 bathrooms, 4

Chris joins us with 17 years experience as a real estate business owner and salesman.

Call Chris Ehlers on 0419 935 295

Josh Sumner 0408 055 359

WELCOME TO OUR TEAM

Michael Hoad 9485 7637

Spacious lounge and dining, reverse cycle air conditioning throughout, quiet loc, security parking and access on a 414sqm lot.

SUBIACO $879,000 Renovated brick/iron (new roof) 2 bedroom home with sleep out.

Real estate agents • Property managers • Auctioneers ‘Do business with the people doing the business’

Michael Hoad 9485 7637

Paxton Hoad

Stephen Harrison 0411 733 355

Carolena Boyd 0418 905 963

Peter Lawrance 0418 923 424

-Being sold as a going concern

potential 2 home site. A tranquil, character filled home, which speaks of the past with affection yet embraces today’s necessities.

-Fiber optic cabling -Directly on the ‘CAT’ bus route

walk in wardrobe and has doors opening onto an ensuite. There are another two generous sized bedrooms. 612sqm block zoned R30-

common boardroom, reception, kitchen and toilet amenities -100 line phone system

onto lush gardens, glowing timber floors, well equipped kitchen overlooks the dining and outdoor areas. Master bedroom features a

-9 secure undercroft parking bays -Currently partitioned into 7 individual office suites of varying sizes with

bygone era whilst at the same time making this a home for today. Cosy lounge with fireplace, sun splashed living with French doors opening

-Entire floor for sale -Well located in a modern building

For Sale by Tender

lasting impression of warmth and charm. Gentle renovations, coupled with a fresh decor have enhanced the character and tradition of a

WEST PERTH Closing 4:30pm Friday 11th July 2008 -623sqm office

AUCTION Saturday, 5 July 2008 12.00pm

From the wide verandah and white picket fence entrance, this nostalgic, extended weatherboard cottage is one which will leave a

WEST LEEDERVILLE

NEWS

In 170 years the biggest change to Maybrook Forest has gone unnoticed.

Charity home set for auction

With m i n i ma l d i s tu rba nce to the e nvi ro n me nt, Mayb roo k Fores t Es tate i s fu l ly con nected to Du n s boroug h’s town water, power a nd telecom mu n ication s. The huge fores ted homes ites of fe r re s ide nt s a tru ly u n iq ue a nd tra nq u i l e nvi ro n me nt j u s t minutes from town. Th i s i s a n excl u s ive es tate of ju s t 28 pri s ti ne bu s h blocks, s ized from 4 0 0 0 m 2 to 9 9 98 m 2 .

Yours to discover. Seclusion and privacy, so close to town?

HOMESITES NOW SELLING

maybrook

forest

WH32126

At Maybrook Forest, you can have it all.

Ron Cook 0 413 0 0 6 0 0 0 or w w w.maybrook.com. au

THE Rotary WA charity home, built by award-winning WA builder Don Russell, is now open for inspection at the Meve Estate at Beeliar. The double-storey house is in the Meve Gold precinct and has commanding views of the city, hills and the ocean. It will be auctioned for charity at 11am on Saturday, September 6, 2008. Housing and Works Minister Michelle Roberts said part of the money raised from the purchase of the Beeliar home will go towards the construction of the Rotary WA Cord Blood Bank, which will be located next to the Red Cross headquarters in Wellington Street, Perth. Mrs Roberts said the State Government and the Beeliar Partnership Pty Ltd contributed land for the construction of the double storey, threebedroom, three-bathroom house. Local companies supplied products

and services at heavily-reduced rates, including air-conditioning, kitchen fittings, carpeting and lighting, saving more than $50,000 for the completion of the new house. The Rotary WA Cord Blood Bank Project will receive $150,000 from the auction’s proceeds. While there has been a general slowdown of residential land sales across the metropolitan area, the variety of land available at Meve has enabled sales activity to remain relatively stable. Available land stock includes Meve Mews house and land packages, Lakeside Vista cottage lots and the Meve Gold traditional lots with outstanding views. More than 50 lots have been sold at Meve since January. For more information on the development, contact Philip Stannard on 9481 1633 or 0408 947 624. ■

Now everyone can live the good life. If living the good life by the ocean’s edge seems like a distant dream, take a closer look at the new homesites at Cambridge Private Estate Busselton. With the white sands and pristine blue waters of Busselton’s beaches just 300 metres away, you’ll think you’re in paradise every day. But with homesites starting at just $245,000 you can stop dreaming and start living the good life now. Cambridge is a quality residential estate, close to the beach, town, schools and all the attractions of the south-west.

Where everyone can live the good life.

Call Ron Cook 0413 006 000 www.cambridgeestate.com.au

STAGE 4 NOW SELLING www.cambridgeestate.com.au

WH 32131

REVIEWS

Subiaco chic Enjoy modern style and take in great views from the turret of this home in a quiet tree-lined street. By JANE EVANS THIS stylish designer double-storey residence in a quiet tree-lined street is the epitome of Subiaco chic. The rendered terrace is opposite a small park providing a lovely outlook from its north facing windows and balcony. A big timber door opens into an openplan living area featuring Tasmanian oak flooring. It is designed around a centrally located courtyard. A formal lounge is to the immediate right of the entry, with sliding door access to the limestone-paved courtyard and water wall. The kitchen is adjacent to the dining area and features granite bench tops, a Smeg oven, Bosch dishwasher, timber cupboards and drawers and stainless-steel appliances. A casual living area is towards the rear of the home with a laundry and powder room nearby. Upstairs, the master bedroom features high cathedral ceilings with an open plan ensuite and walk in robe. Sliding doors provide access to a spacious private balcony, ideal for taking in the quiet surrounds. The study area has three long paned windows allowing in an abundance of natural light. The rest of the second level comprises two minor bedrooms and a second bathroom including a separate bath and shower. A striking feature of the house is the turret with access from the second storey. Enjoy views and a drink at tree-top level from this stunning vantage point. â&#x2013;

$1,650,000

SUBIACO 68 CORAL TREE CRESCENT AGENT Ray White Centro CONTACT Trevor Neil 0438 354 556 or 6380 1212

BUYING OR BUILDING... Call Houspect now for a pre-purchase building inspection and protect your investment. Our inspectors provide a report on:

Our inspectors are:

structural soundness maintenance issues construction packages owner/builder indemnity

fully insured registered builders located in metro and regional centres

For more information phone 1300 1300 68 or e-mail sales@houspect.com.au

id08074houspe idonline.net.au

requirements

9388 3911 www.altitudere.com.au

VIP Seat!!!

Best Buy!

The FRONT ROW is always hard to get!!

This property MUST BE SOLD!!

This neat home gives you the choice to live-in, invest or build your OCEAN FRONT dream on this 855sqm of prime land.

Seize the opportunity to secure your CHUNK of Blue Chip soil at below market price. Your choice is to live in, rent out or build your dream home.

TEAM TONICH 0409 517 001

68 Chipping Road, City Beach From $2.35 Million

TEAM TONICH 0409 517 001

Dare to be different!!

Sold in 3 weeks

111 Harborne Street

41 Harborne Street

DEAN BRADLEY 0411 110 779

“My energy, your results”

My clients have their property sold in an average of ONLY 37 days!! 2

JULIE PEDULLA 0419 440 093

10 Florence Place, West Perth From $680,000 - $720,000

Inner city...

Green Title

...with character and charm!

Stunning two storey home...

This renovated home is situated just minutes from Leederville’s exciting cafes, restaurants, bars & clubs!

... boasting open plan living, secure off street parking and much more.

Sold in 4 weeks

Fact:

Create your own spaces in this very hip townhouse!

8 Goonang Road, City Beach From $1.599 Million

the current average time a property is on the Perth market is 71 days (REIWA data)

...warehouse.

Fact:

Spacious...

TEAM TONICH 0409 517 001

18 Leicester Street, Leederville From $599,000

TEAM TONICH 0409 517 001

140 Carr Street, West Perth From $529,000

PROPERTIES FOR SALE MOSMAN PARK

2 HAYES TERRACE

SECURITY AND STYLE CLOSE TO RIVER FEEL safe in this comfortable residence, which is behind a tall brick wall with security gates. Sunlight filters into the home through the huge floorto-ceiling windows and double doors in the main living areas, and through an atrium in the centre of the house. The gated entry encloses reticulated gardens with plenty of space to play, an outdoor

Plenty of natural light pours into the spacious living areas.

NEDLANDS

$990,000 AGENT Altus Real Estate CONTACT David Fear, 9284 6777

COTTESLOE

THIS home has a spacious open-plan lounge and dining area, a large formal lounge and a well-equipped kitchen and meals area. Other features include a paved courtyard which overlooks the pool.

2/3 PRINCES STREET

$3,000,000 AGENT Mack Hall & Associates CONTACT Mack Hall or Frank Torre, 9286 5555

THIS renovated townhouse is spacious private and secure, and only two doors to Cottesloe Beach. It has ocean views from the second level. There is also an open plan living area, which opens to a courtyard.

SUBIACO

22 LORETTO STREET

$749,000 AGENT Paxton Hoad CONTACT Michael Hoad, 0411 885 556 or 9381 9111

WEST LEEDERVILLE

$1,375,000 AGENT The Property Exchange CONTACT Jillian Jeffery, 9388 3988

WITH spacious rooms and a big paved courtyard, this home is within walking distance to the Subiaco cafe strip and shopping. There is a courtyard garden at the back of the home that offers privacy.

10A JOSEPH STREET

SPACIOUS and near-new, this two-storey home has many features, including spacious rooms, a big openplan informal living area and a separate theatre room. It is close to the train station and Subiaco.

SUBIACO

$1,750,000 4

AGENT Gordon Davies Real Estate CONTACT Henry Willis 9389 3399

135 COGHLAN ROAD

FROM $950,000 AGENT Altus Real Estate CONTACT David Fear or Jamie Harrington, 9284 6777

SUBIACO

WITH two living areas, a backyard, front and side courtyards and reverse-cycle air-conditioning, this home is ideal for young families. The easy-care home is within walking distance of Rokeby Road and Kings Park.

1 TIPPERARY MEWS

THIS tri-level home has a modern kitchen, built-in bar, in-built music and sound $1,750,000 system and two large AGENT The Property Exchange balconies with views of CONTACT Janey Sanderson, Subiaco Oval. 0411 524 211 It is close to the train or 9388 3988 station, shops and cafes.

www.palazzohomes.com.au 1061688.01

4 LOCH STREET

entertaining area and a studio. The recent high-quality kitchen and bathroom renovations only add to the homeâ&#x20AC;&#x2122;s value. With reverse-cycle heating and cooling, a security system and a house alarm, there is not much left to do, except move in. This family home is on a 807sqm block near a picturesque river and parks.

NEW HOMES Holding costs and infrastructure charges push up the cost of new homes

New Housing Affordability Fund aims to cut through red tape Have your say on on how Government should spend money to help buyers. By ANDREW GREGORY THE Federal Government has called for advice on how to spend more than $500 million to help make new homes more affordable in areas of high population growth. Housing Minister Tania Plibersek said the Housing Affordability Fund would tackle two crucial issues affecting the supply of new homes – the length of time taken to bring new homes to the market and the impact of infrastructure charges. Long waiting times for planning approvals create significant holding costs for property developers, which are passed on to new homebuyers through the purchase price.

Charges to developers for infrastructure such as water, sewerage, transport and public spaces are another factor pushing up prices on new homes. According the fund’s consultation paper, $30 million has been set aside to create electronic development assessment system and a national online tracking service that would streamline the process. The funds will be allocated to state and territory governments, local governments and local government associations through a competitive tender process. While private companies are ineligible for

a piece of the Housing Affordability Fund, a consortium with a state or local government can apply. WA had the fastest-growing population in the most recent financial year, according to the Australian Bureau of Statistics. While Perth is the state’s main area for high population growth, the Kimberley, Pilbara and southeastern regions have also recorded rapid growth due to expansion in the resources industry. “In each state and territory, the areas with the largest or fastest population growth tended to be outer suburbs, inner areas of

capital cities and some coastal areas,” the bureau said in its latest report on regional population growth. The population living with the city of Perth boundaries rose an estimated 9.1 per cent to reach 13,486. The population of the City of Wanneroo grew an estimated 8.1 per cent to 124,887 residents in 2006-07 financial year, while the Serpentine Jarrahdale Shire grew 6 per cent to an estimated 14,194 residents. The deadline for submissions on the Housing Affordability Fund consultation paper is July 17. ■

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Things to do around home...

When youâ&#x20AC;&#x2122;ve got a beach for a front yard, you tend to re-evaluate your priorities. To secure this irreplaceable opportunity call 1300 20 20 50 or visit www.cevue.com.au Whilst all details have been carefully prepared and are believed to be correct, no warranty can be given either expressly or implied by the vendors or their agents. Intending purchasers must rely on their own enquiries.Photographs and illustrations are for presentation purposes only and are indicative only. They should not be relied upon as an accurate representation of the final product. Specification may change at any time. CEV13957 Produced by www.totocommunications.com.au

BRIGHTON

BEACH

Cnr Brighton Rd & The Esplanade, Scarborough

REVIEWS

Brutalism architecture has its place The architects responsible for this three-storey residence brought out the absolute best in it. By LUCY RICKARD SO ugly it’s beautiful – a concept based around the use of off-form concrete, sharp angles and unpretentious slabs of blank grey walls, brutalism architecture was conceived in Britain in the 1950s. Architects Colin Moore and Bob Gare took on these three basic elements of brutalism architecture when they designed this Shenton Park home in the 1970s. Making the most of the north-south positioning of the home, they managed to create this three-storey residence and bring out its best characteristics. Owners Sandra and Ian Hocking have lived in the home for 20 years, and are the first to point out the best that the home has to offer. “All of the light is the best quality of the house,” said Sandra. “The house is north-south facing, so in summer when the sun is high, the house is nice and cool,” she said.

“In winter when the sun is low, like it is now, the house is warm and comfortable.” Four bedrooms and two bathrooms sit on the top level of the home, enjoying the impressive outlook over the park to Lake Jualbup. Balconies on both the north and south sides ensure no view is missed, and allows the doors to be opened up to let the breeze run straight through. Sandra said she loved that she could open up all the sliding doors on both ends of the home and the cool breezes would air the place out instantly. “It’s like a meat-safe in the old days – with the fresh air just running through the middle,” she laughed. The central level of the home comprises the living areas, with a lounge and dining room to the front overlooking the wide balcony to the park and lake.

Dunsborough

The kitchen and family area is toward the rear, opening out to the picturesque courtyard. Shaded by established trees, the paved alfresco has impressive gardens and a water feature. The kitchen is the hub of the home, and is the only room in the house that has changed from its original form after renovations in 1999. ■

Yallingup

Eagle Bay

$1,995,000

SHENTON PARK 5 EVANS STREET AGENT The Property Exchange CONTACT Janey Sanderson 0411 524 211 or 9388 3988 VIEW Contact the agent

Busselton Panoramic 180º Views …from this 912m2 block, one of the finest lots on the hill of world class Bunker Bay. Imagine sitting on your balcony watching the world go by. Surrounded by bushland on one side & azure waters on the other, with full use of the adjoining Quay West Resort’s 5 star amenities, a fantastic blue chip investment for the astute purchaser!

$2,200,000 Andrew Hopkins 0407 440 438

Spectacular Views… ...on Yallingup Hill. This easy care two storey 3x2 home is a rare opportunity to live, invest or holiday in superb Yallingup. Enjoy the unparalleled views from the large decked balcony & upstairs open plan living area with floor to ceiling windows – the ideal place for enjoying an evening BBQ & watching the fabulous Yallingup sunset.

Auction 11am Saturday 12th July, 2008 Lee York 0438 867 737

Tree-Change By The Sea

Just Listed - Beachfront Bonanza

Reduced! Enjoy the space of this large 4.5 acre rural block featuring mature Jarrah and Marri trees throughout. Conveniently located between the town of Dunsborough and the magnificent coast of Yallingup this North facing block also commands views to the heavily wooded Mt Duckworth Ridge.

Take advantage of the great growth potential of this superb coastal position. 2 blocks (392m2 & 405m2) boasting panoramic views, opposite beautiful turquoise waters.

$720,000 Pete Sweeny 0419 903 180

$785,000 each Abbey Monoghans Corner 7 Caves Rd Abbey WA 6280 Tel: 9755 0900 Fax: 9755 0911 abbey@jenningshopkins.com.au

www.jenningshopkins.com.au

Steve Hopkins 0422 117 121 Dunsborough Shop 1 237 Naturaliste Terrace Dunsborough WA 6281 Tel: 9755 3900 Fax: 9755 3911 info@jenningshopkins.com.au

COASTAL

COUNTRY

Charming Cheriton full of character A Gingin landmark with a collection of picturesque buildings is waiting for the right owner. By LUCY RICKARD A CAPTIVATING history is just the starting point for this Gingin property, with its expansive holding of 372ha. Its rich past is full of vibrant characters who each contributed their part to the uniqueness of Cheriton Estate. Located two kilometres northeast of Gingin, the property can be found by following the Gingin Brook from the town site. The estate offers a collection of picturesque buildings, including the primary residence of Gooch House that includes a four-star guesthouse and restaurant. The seven-bedroom house has limestone footing and a Casuarina stone construction, and was a designed and built in 1902 by thenowner George Gooch. Immaculately maintained, Gooch House features Juliet balconies, expansive verandahs, pressed tin ceilings and a traditional pitched timber frame roof. The main entry hall of Gooch House leads past two formal lounge rooms, to a formal dining area and commercial kitchen with a cool storeroom. An area accessible off the kitchen could be utilised as a sunroom or restaurant space, and opens out onto a large dining terrace set in landscaped gardens and overlooking a belowground pool. A manager’s cottage is a pristine example of period architecture, with a limestone construction, timber floors and stone walls with brick quoining. The building has a bullnose verandah along the façade, and is National Trust verified. The property includes 40ha of vineyards

includes with 33ha of chardonnay and shiraz and the remainder a 13-year-old mixed variety vineyard. Infrastructure comprises sheep and cattle yards, hay, machinery, pump and chemical sheds, stables, parade ground, stallion box and exercise yards. Craig Hyne is the rural sales manager for Landmark Realty said that the estate offered a range of development options. “A variety of fertile, welldrained soils, abundant water from a reliable rainfall, a permanent brook and quality groundwater,” he said. “The property has tremendous potential for further development,” he said. “The infrastructure exists to increase the vineyards from 40 to 100 hectares, with much of the pastured land suitable for olives.” Predating the township, Cheriton Estate was the first property in the Shire of Gingin, with WA pioneers building empires around the property from 1843. The property even held the shire’s first fine dining restaurant in the 1890s, and hosted tourism events including the Posh Picnic concert series. The property has unspoiled views down the valley across to the coast, with the southern slopes looking over the Gingin town site. Conceptual plans put forth by the owners include suggestions to develop a country lane from the town to the waterfall and the Cheriton Dam, where visitors can take advantage of the abundance of birdlife and native vegetation. Options for the property could incorporate tourist accommodation, welcomed by a

district with a shortage of such housing. “Although currently zoned rural, the estate is located between other subdivisions,” Mr Hyne said. “It would be a logical expansion of the town site in time.” Other plausible opportunities include a winery, health retreat or eco-tourism business, although the property is currently zoned rural. The township of Gingin has a population of 500, with summer attractions including Moore River nearby at Guilderton and the Observatory and Gravity Centre. For further information on this rare opportunity, contact Ric Mincherton or Craig Hyne at Landmark Realty. ■

CHERITON ESTATE GINGIN AGENT Landmark Realty CONTACT Ric Mincherton 9318 8262 or 0418 922 747

COASTAL & COUNTRY

A home to enjoy in the south-west parklands The front of the home has impressive tiered rose gardens with paved walkways. LUCY RICKARD 4

$895,000

35 NORFOLK STREET DUNSBOROUGH AGENT Acton Dunsborough CONTACT Debbie Bridges, 0417 186 018 or 9755 3555

The Beach – Out of Left Field! SET on the edge of the Old Dunsborough reserve, this home backs onto hectares of picturesque bush and parklands. The front of the home has impressive tiered rose gardens, with paved walkways leading past a water feature. A verandah at the front stretches the width of the house, with steps leading up from the garden beds. The hub of the home is the open-plan kitchen, lounge, dining and family room, which has pitched timber-lined ceilings, tiled flooring and a bright colour scheme. The kitchen has blue feature walls, a white tiled splashback and an exposed brick breakfast bar. Stainless steel appliances include an

Built circa 1970 and internally renovated in 2006 the shy and retiring exterior belies a new kitchen, timber ﬂoors, 3 bedrooms 1 bathroom (2 toilets), Kitchen/dining area plus separate lounge. The ﬁner points centre around two separate titles of 913m² and 931m² respectively, located at the corner of Smith Street and Caves Road in Siesta Park. Shed, room for a tennis court but most importantly an expansive under populated pristine beach at the foot of Smith Street where the sparkling waters tease you from your back verandah. The beach reserve is quite literally 60m from your boundary.

Ferguson Valley Vineyard & Business

“Described as the new Margaret River”

Contact: Joe White 0417 939 715

1074692.01

9756 8800

One of the ﬁnest estates in the picturesque Ferguson Valley. 146 acres of some of the ﬁnest fertile soils in the S.W. 12ha of vines (main block aged 9.5yrs) Vineyard & Restaurant under management Architecturally designed licensed cellar door sales & restaurant complex. 2 bedroom farm house, large 60,000m3 gully dam & small olive grove. All improvements are of very high standard. POA.

Brian Moulton 0418 931 114 LJ Hooker Dunsborough (08) 9755 3399

107546401

$1,550,000 238 Naturaliste Tce, Dunsborough jmwrealestate.com.au

electric oven, gas cook top and range hood. This living area has sliding doors leading to the rear, where a paved patio area extends out into the landscaped lawns. Enjoy a barbecue while sitting back and looking out to the bush reserve. A second separate living area also has its own access to the alfresco, allowing for ample entertaining space. The property has reticulated gardens and lawns, and there are two garden sheds for additional storage. The main bedroom has an ensuite, and is separate from the minor bedrooms, providing the parents with their own space for relaxation. The total land size is 907sqm. ■

COASTAL & COUNTRY

A piece of peace for you Close enough to town for convenience, far enough for tranquility, says LUCY RICKARD PEACE and quiet might be just the thing you need on your holidays to the southwest. Just three hours from Perth, this Dunsborough house has the stillness of a private retreat and the convenience of being a short distance from the town centre and beaches. Set on a 792sqm block and bordering a green reserve, this property plays host to a range of birdlife and native bushland. The house has a light brick and Colorbond construction, with timber featuring in the pillars, decking and the garage door. The central living area is light and spacious with high raked ceilings, down lighting and timber floors. Extensive decking to the

rear of the property provides the perfect spot to sit back and enjoy the tranquillity. With an abundance of glass and sliding doors, the central living area and the deck create the ideal space for entertaining. Paved verandahs sweep around the rest of the home, covered by the main roof and skirted by garden beds. The north-eastern aspect will be great during summer, as it means that the afternoon sun sets on the opposite side of the alfresco area. The main bedroom has a walk-in robe and an ensuite, while the minor bedrooms have built-in robes. A separate office nook will suit those who bring their work with them on holiday, or for keeping the children occupied. ■

$785,000

10 DUFFY PLACE DUNSBOROUGH AGENT JMW Real Estate CONTACT Joe White 0417 939 175 or 9756 8800

DUNSBOROUGH / YALLINGUP / EAGLE BAY / MARGARET RIVER

DUNSBOROUGH

$1.395 million DUNSBOROUGH

$1.59 million EAGLE BAY

$1.85 million

Style Near the Beach

Beachfront with terrific rental income!

Eagle Bay Beach Shack

Just completed this stunning 2 storey master built residence with quality fixtures & finishes throughout emcompasses stylish living with a downsouth feel perfect for a permanent or holiday home. Louis De Chiera 0418 909 899 / 9756 8888

Affectionately known as “Tin Towers” this 4 bed, 2 bath home is superbly located on 898sqm block overlooking Centennial Park & the ocean. Just few mins walk from shops, restaurants, wine bar it’s got to be one of Dunsborough’s best buys. Peter De Chiera 0418 931 206 / 9756 8888

Only 100m from the beach this 2 bed home with jarrah floorboards & huge outdoor deck is situated on 810sqm in one of WA’s most exclusive aquatic playgrounds. This quality investment in such a suberb location is second to none! Louis De Chiera 0418 909 899 / 9756 8888

MARYBROOK

$1.925 million NATURALISTE

$1.35 million QUINDALUP

$1.16 million

Azure - Absolute Beachfront Quality

Magnificent 3.29ha Bush Block

Little Gem By The Beach!

Purchase this newly completed luxurious holiday residence with panoramic ocean views. Superbly appointed & incorporates over 350sqm of internal & external living.

Situated in exclusive Mt Duckworth locality just 5 mins drive from Dunsborough & Yallingup, this fabulous lifestyle property has a large cleared building envelope with ocean views from ground level. Peter De Chiera 0418 931 206 / 9756 8888

On 810sqm block just 1 house from walkway to the beach. 3 bed, 2 bath plus study, immaculate pavilion style home ideal for permanent or holiday living. Fantastic patio area, dble l/up garage, 6mx6m boatshed/workshop. Inspection will delight. Peter De Chiera 0418 931 206 / 9756 8888

Louis De Chiera 0418 909 899 / 9756 8888

www.stockerpreston.com.au DUNSBOROUGH

VASSE

COWARAMUP

MARGARET RIVER AUGUSTA

COASTAL & COUNTRY

A large slice of heaven by the bay An early sale will include all the furniture in this home. By SAMANTHA JONES JUST a short walk from the crisp white sands and blue waters of Geographe Bay and Dunsborough town centre is this stylish and spacious two-storey home. Located in a secluded area and surrounded by native trees and shrubs, this four-bedroom, two-bathroom home is of rammed earth construction. This home has a new elegant décor and the clever lighting and stylish light fittings create a warm inviting ambience. The inspired design incorporates three separate internal living areas with three outstanding outdoor entertaining areas. Two of the internal areas are located downstairs and they have cleverly painted character French doors that lead out to the sunny alfresco and rear yard. The third is located upstairs with a kitchen and dining area that opens out to a large timber deck through glass bi-fold doors. Just off from the main upstairs living area are three bedrooms, two double in

size, and a ritzy bathroom. A large master bedroom is located downstairs and has its own ensuite with a double glass shower. Features of this newly renovated house include a separate home office, storage areas, a garden shed at the rear of the home, a split system reverse cycle air conditioning and a wood heater. The driveway leads to a private courtyard with a water feature adjacent to the separate home office and main entrance of the home. You will love entertaining in this home with the treed marri reserve outlook that is directly opposite the property and the stunning natural surroundings, which complement every aspect of this home. This low maintenance home on a 475sqm block will come fully furnished if sold within the next few weeks. ■

$750,000

DUNSBOROUGH 137 NATURALISTE TERRACE AGENT Jennings Hopkins CONTACT Eloise Jennings 0418 933 130 AGENT Fraser Real Estate, CONTACT Garry Morris 0417 964 823

Selling South West Real Estate

DUNSBOROUGH THE LEEUWIN CENTRE

QUINDALUP THE BEST ADDRESS

YALLINGUP BEST ON SHOW

DUNSBOROUGH THE COMPLETE PACKAGE

The complex comprises 4 retail modules at ground floor whilst an office component is provided on the first level. The 2 remaining ground floor retail units are 135sqm & 140sqm.

This 3 bedroom 2 bathroom duplex with 2 bedrooms, games & bathroom downstairs. Master bedroom/kitchen/living/dining and deck area upstairs with the obligatory Bay view!

Set on 1.1896ha & constructed by Innovest, this home offers 5 double bedrooms, 2 bathrooms, open plan living/dining & enormous kitchen overlooking an expansive north facing deck.

Recently completed 4 bedroom 2 bathroom home on a 790sqm block & perfectly positioned at the end of a cul-de-sac. Media & activity room with spacious kitchen overlooking alfresco area.

$565,000 and $599,000

$1,225,000

$2,150,000

$780,000

Alan Jones 0418 947 000

Joe White 0417 939 715

Alan Jones 0418 947 000

Michael Mort 0403 342 681

DUNSBOROUGH 60 SECONDS TO HEAVEN

DUNSBOROUGH PEACE & QUIET

DUNSBOROUGH TEMPT ME

Stunning two storey 4 bedroom 3 bathroom home situated on Geographe Bay Road. With the living area on the 2nd floor & a stunning open plan design, it is easy to enjoy the bay views.

A quality built 4 bedroom 2 bathroom home with character & the charm of a country residence in the heart of Dunsborough. Located in a quiet cul-de-sac & backing onto nature reserve.

A genuine “Lock and Leave Unit” with three bedrooms, two bathrooms, spa, master ensuite retreat & balcony upstairs. Adjacent to sporting grounds & bushland reserve.

Set in a cul-de-sac with a northerly aspect over the crystal blue waters of Geographe Bay, both lots feature direct beach access & are only a short stroll to Dunsborough Town Centre.

$1,399,000

$825,000

$530,000

From $799,000

Joe White 0417 939 715

Darryl Sorgiovanni 0427 767 147

Joe White 0417 939 715

Michael Mort 0403 342 681

238 Naturaliste Tce, Dunsborough WA 6281

DUNSBOROUGH LANDMARK DEVELOPMENT

Phone: (08) 9756 8800

FORM

FUNCTION

More people are opting to have a full kitchen built into their alfresco area, and the ability to add warmth and enclose the area makes it perfect for year round cooking and dining.

Alfresco phenomenon has truly arrived Open areas have adapted to suit our fondness for entertaining and our love of the outdoors. By DONNA COLEMAN REMEMBER when outdoor dining meant eating a barbecue dinner while sitting on a fold-up chair under the back patio and fighting off mosquitoes? Some of us look back fondly on those days, while others are grateful that a new alfresco phenomenon has a firm grip on the backyards of WA. The old barbie area has given way to fully-equipped outdoor kitchens that cater to our fondness for entertaining and a love affair with the outdoor lifestyle. In recent times, architecture has started to adopt a truly Australian style that both reflects our attractive climate, and makes good use of it. Many modern house designs maximise sunlight and scenic views in their living areas, which is why these areas often openly adjoin the backyard, patio, terrace or balcony. In summer, many perfect sunny days and balmy evenings are spent enjoying all the benefits that alfresco areas have to offer, such as low maintenance, informal entertaining and fresh air. But when winter comes around, does this mean the alfresco area becomes unused? Not according to Will Scates, from Alfresco Lifestyles in Wangara. “More of our clients are opting for blinds or bi-fold doors, or bricking in areas of their alfresco rooms, so as to achieve a room that can be used for year-round entertaining,” he said. “Patio blinds are great at stopping the full force of the wind, allowing just a little of the breeze through, while glass bi-fold doors can be closed completely in the winter months.” Alfresco Lifestyles is a family-owned company with many years experience in designing and incorporating alfresco areas throughout Perth, many of which can be found in the western suburbs. “There is an entire range of gas heater that can be used in the alfresco area, but there are certain regulations to adhere to,” Mr Scates said.

“When installing gas heaters in an alfresco area, you need to be aware of the ventilation requirements and the necessary head clearance. “While you can get fake wood heaters, which are integrated into the room, these are more common on the east coast of Australia,” he said. The market for outdoor heaters has grown rapidly alongside lifestyles changes – namely the growing prevalence of outdoor entertaining during the winter months. People enjoy dining outdoors without the winter chill, so outdoor heaters are an obvious solution. There are many alternative products, but a gas-fired patio heater is a popular choice because the heat is instantaneous and effective. These units are sleek and effective, emitting a radiant heat up to 5m. Although they can be connected to the household gas supply, they generally run on liquefied petroleum gas. A

full 9kg cylinder lasts for about 10 hours. The smallest version is a tabletop heater that will take the chill off a small group sharing a drink or a meal. Another form of heating that is becoming more popular is the chiminea, or Mexican outdoor fireplace. These have been used for centuries as a heater and a place to cook – they are a fantastic source of warmth and really add a point of interest and charm to outdoor entertaining areas. They can be made from clay or cast iron. Either way, it is advisable to keep the unit sheltered or covered when not in use. Regardless of whether you want to incorporate a chiminea or a gas heater into your alfresco area – heating is just one consideration when creating a special alfresco outdoor room that is usable all year round. The idea is to incorporate your patio or pergola with lighting, a ceiling, decking and even an outdoor kitchen. Clever design means you can have an open space when the weather is pleasant, or block out the wind and rain when it’s not.

DOLLARS SENSE ATO fires a warning shot, or three The number-crunchers are going to keep tabs on those with rental properties says ANDREW GREGORY TAX enforcers are targeting Australiaâ&#x20AC;&#x2122;s booming ranks of residential property investors for close monitoring of their personal assessments this year. Australian Taxation Office second commissioner Jennie Granger fired a warning shot in a speech to accountants in Sydney last week, identifying rental properties as one of three key areas of risk, alongside profit from the stock market and capital gains. â&#x20AC;&#x153;Rental income and expenses has been a strong focus for a few years, because of the large number of new entrants and the wide range of common mistakes being made in claims,â&#x20AC;? she told an audience at a National Institute of Accountants event. Last year, more than 1.5 million people claimed in excess of $24 billion in deductions relating to rental properties, according to Ms Granger. Almost 170,000 claimed rental deductions for the first time and the tax office would write to last yearâ&#x20AC;&#x2122;s new claimants of rental-related tax deductions with a special â&#x20AC;&#x2DC;to-doâ&#x20AC;&#x2122; list. The office also intends to contact some of the better-established investors who have appeared on its radar, for the following reasons: â&#x2013; Unusually high claims for rental deductions â&#x2013; Low rental income in relation to rental deductions â&#x2013; High claims for interest expenses â&#x2013; High claims for borrowing expenses Ms Granger said the tax office had reviewed or audited more than 6800 rental property claims so far this year, which resulted in more than $8.6 million in unpaid tax being recovered. â&#x20AC;&#x153;If your client receives a letter from us in relation to rental property deductions, please encourage them to check carefully all the information they provide, as weâ&#x20AC;&#x2122;ll be checking carefully, too,â&#x20AC;? she warned the accountants. Among the common mistakes were claims for deductions on properties that were not genuinely available for rent.

Many people were exposed because they failed to apportion holiday homes that were only available for rent for part of the year. Others made the mistake of claiming the full cost of a visit to inspect their property, when the trip was combined with a holiday or another private purpose. Some home borrowers overstated their claims for interest payments on loans used to buy property, to renovate or for maintenance. The tax officeâ&#x20AC;&#x2122;s fact sheet on rental property deductions states that claims for renovation costs and damage repair made upon purchasing a property cannot be claimed as an immediate deduction. â&#x20AC;&#x153;These costs are capital expenditure and generally must be claimed as either a decline in value deductions over the assetâ&#x20AC;&#x2122;s effective life, or as capital works deductions over 25 or 40 years,â&#x20AC;? it said. Capital gains tax has proved to be rich pickings for tax auditors, according to Ms Granger, who said the ATO had completed almost 6400 capital gains reviews that resulted in more than $50.6 million being clawed back by the end of April. This was partly the result of better compliance monitoring by the office, through the use of data matching, a technique used to identify unreported capital gains events.

Data matching compares a tax return with external data sources â&#x20AC;&#x201C; Centrelink, banks and other lenders, employers and companies â&#x20AC;&#x201C; to identify any discrepancies that could signal possible breaches of tax obligations. Data matching techniques have improved and the ATO now has access to more data, according to Ms Granger. â&#x20AC;&#x153;We have access to all state and territory property registers and we have recently secured share trading information from the three primary share registries,â&#x20AC;? she said. â&#x20AC;&#x153;We heavily publicise these risks and the tools available to us to check, as we really do prefer to alert people rather than catch them out.â&#x20AC;? Low-doc loans have been a significant area of concern for the ATO, which in 2005 selected 350 taxpayers randomly from eight low-doc lenders to better understand the broader population of low-doc borrowers. Through this exercise, it found that about half of them had not lodged a tax return for some time â&#x20AC;&#x201C; about three years on average. The ATO said it secured eight convictions and recovered $1.3 million in unpaid tax. However, many low-doc borrowers fully complied with their tax obligations, funding their mortgage repayments with legitimate sources such as an inheritance, or capital gains from another property investment. â&#x2013;

Legitimate minimisation WHILE tax evasion can carry serious penalties, tax minimisation is perfectly legal and can save you thousands of dollars. There are just four basic strategies to legitimately minimise tax. â&#x2013; Reducing assessable income. â&#x2013; Increasing allowable deductions. â&#x2013; Lowering tax rate. â&#x2013; Increasing tax rebates. Tax planning in recent times has moved from predominantly yearend transactions to year-round activities. However, it is often not until June that people turn their minds to tax. Keeping records all year round is crucial. There can also be big financial losses if you donâ&#x20AC;&#x2122;t have the paperwork to support your deductions. We asked the financial experts to share some of their top tax-time strategies. ANZ financial planner Jacquie McCarthy suggests a three-step process: â&#x2013; Identify â&#x2013; Assess â&#x2013; Deduct First, people should know their tax rate. Tax rates will change on July 1 and people moved into a lower tax bracket will get less bang from their tax deductions. Step two is to identify tax strategies that will suit you. Often, people incorrectly assess their financial situation, which can lead to end-of-year tax strategies that may not be suited to their particular life stage. Identifying deductions is the final step. Check everything from self-education to work-related subscriptions, car travel to work-at-home expenses to see if they qualify as a deduction. They may help you to reduce your tax bill. â&#x20AC;&#x153;On their own they may not seem like much but they all add up,â&#x20AC;&#x2122;â&#x20AC;&#x2122; she said. â&#x2013;

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