Mosman’s ‘Land House’ Could Be Yours
A detailed designer pile in a blue-ribbon Sydney suburb.
2 min
Set across an expansive 1863sqm plot in the highly sought-after Sydney suburb of Mosman, 13A Elfrida Street also known as ‘Land House’ presents a family haven by renowned architect Peter Stutchbury.
The three-storey, 5-bedroom, 3-bathroom, 2-car garage residence is located on a private battle-axe block and utilises the combination of timber – including cedar, birch, turpentine – steel, concrete and glass to stylish, industrial effect.
The first floor contains the open plan living, dining and kitchen area punctuated by a neck-creasing void further elevating the space. Here, the kitchen sees an industrial, stainless steel workspace and bespoke timber cabinetry while the living area is fitted with a fireplace.
The interplay between the glass windows and adjustable cedar shutters, offers a unique sense of the outdoors in a modernised plantation reference. Also featured are polished concrete floors with underfloor heating while cooling ceiling fans and nuanced lighting prove comfortable fixtures.
Elsewhere on the first floor is the covered outdoor entertaining area – making use of the home’s north-east aspect – with a self-cleaning magnesium swimming pool, complete with motorised pool cover and a tennis court that doubles as half a basketball court.
Upstairs the top floor sees the master suite with ensuite complete with stand-alone bath and steam shower along with a further two bedrooms, each complete with their own ensuites.
A further two bedrooms land on the lower level, alongside a storeroom, casual living, entertainment and gym with its own bathroom.
It’s also here that you’ll find a water tank – one of the home’s many green initiatives – along with rooftop solar panels, ensuring the home doesn’t disrupt its natural surrounds.
Land House is less than 10km to Sydney’s CBD, closer to Balmoral Beach, and within walking distance of Mosman’s dining options on Military road.
The listing is with LJ Hooker Avnu’s Michael Coombs (+61 407 980 443) and Bo Zhang (+61 406 213 775). Price guide $16m.
Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Ray White’s chief economist outlines her predictions for housing market trends in 2024
2 min
Ray White’s chief economist, Nerida Conisbee says property price growth will continue next year and mortgage holders will need to “survive until 2025” amid expectations of higher interest rates for longer.
Ms Conisbee said strong population growth and a housing supply shortage combatted the impact of rising interest rates in 2023, leading to unusually strong price growth during a rate hiking cycle. The latest CoreLogic data shows home values have increased by more than 10 percent in the year to date in Sydney, Brisbane and Perth. Among the regional markets, price growth has been strongest in regional South Australia with 8.6 percent growth and regional Queensland at 6.9 percent growth.
“As interest rates head close to peak, it is expected that price growth will continue. At this point, housing supply remains extremely low and many people that would be new home buyers are being pushed into the established market,” Ms Conisbee said. “Big jumps in rents are pushing more first home buyers into the market and population growth is continuing to be strong.”
Ms Conisbee said interest rates will be higher for longer due to sticky inflation. “… we are unlikely to see a rate cut until late 2024 or early 2025. This means mortgage holders need to survive until 2025, paying far more on their home loans than they did two years ago.”
Buyers in coastal areas currently have a window of opportunity to take advantage of softer prices, Ms Conisbee said. “Look out for beach house bargains over summer but you need to move quick. In many beachside holiday destinations, we saw a sharp rise in properties for sale and a corresponding fall in prices. This was driven by many pandemic driven holiday home purchases coming back on to the market.”
3 key housing market trends for 2024
Here are three of Ms Conisbee’s predictions for the key housing market trends of 2024.
Luxury apartment market to soar
Ms Conisbee said the types of apartments being built have changed dramatically amid more people choosing to live in apartments longer-term and Australia’s ageing population downsizing. “Demand is increasing for much larger, higher quality, more expensive developments. This has resulted in the most expensive apartments in Australia seeing price increases more than double those of an average priced apartment. This year, fewer apartments being built, growing population and a desire to live in some of Australia’s most sought-after inner urban areas will lead to a boom in luxury apartment demand.”
Homes to become even greener
The rising costs of energy and the health impacts of heat are two new factors driving interest in green homes, Ms Conisbee said. “Having a greener home utilising solar and batteries makes it cheaper to run air conditioning, heaters and pool pumps. We are heading into a particularly hot summer and having homes that are difficult to cool down makes them far more dangerous for the elderly and very young.”
More people living alone
For some time now, long-term social changes such as delayed marriage and an ageing population have led to more people living alone. However, Ms Conisbee points out that the pandemic also showed that many people prefer to live alone for lifestyle reasons. “Shorter term, the pandemic has shown that given the chance, many people prefer to live alone with a record increase in single-person households during the time. This trend may influence housing preferences, with a potential rise in demand for smaller dwellings and properties catering to individuals rather than traditional family units.”
Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
