It’s easy to take living in a city like Sydney for granted sometimes. Until, that is, you see a property like this.
Positioned just one street back from Pittwater and surrounded by lush bushland that almost obscures the neighbours on either side, this home at 53 Hudson Parade, Avalon is a million miles away from care.
Built by Sydney-based architect Alexander Stewart Jolly in 1932 from solid timber and local sandstone, the five-bedroom, three-bathroom house sits on a generous 1423sqm block and enjoys stunning views of the water from within the house via French doors, or from the sun drenched deck outside.
Jolly was responsible for several houses in the Northern Beaches area, including Loggan Rock, Hy Brasil and Careel house. Given he was also a published poet and children’s author, it’s perhaps not so surprising that Jolly’s work has a touch of romance and even whimsy about it.
The original sandstone fireplace and cathedral ceilings are balanced by a contemporary kitchen with gas range and CaesarStone benchtops. Aircon and four lock-up car spaces ensure the house is perfectly suited to modern living.
In addition to the main house, a separate guest house offers self-contained accommodation ideal for longer term visitors or working from home. The main house and guest quarters are connected via terraced outdoor living spaces ideal for use all year round.
Open for Inspection: Saturday 27 Aug 1.45PM – 2.15PM
Auction: September 21
Price guide: $4,750,000
Agent: McGrath Pittwater – James Baker, 0421 272 692
Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.
RMIT expert says a conflation of factors is making the property market hard than ever to predict
A leading property academic has described navigating the current Australian housing market ‘like steering a ship through a thick fog while trying to avoid obstacles’.
Lecturer in RMIT’s School of Property Construction and Project Management Dr Woon-Weng Wong said the combination of consecutive interest rate rises aimed at combating high inflation, higher property prices during the pandemic and cost of living pressures such as the end of the fuel excise that occurred this week made it increasingly difficult for those looking to enter or upgrade to find the right path.
“Property prices grew by approximately 25 percent over the pandemic so it’s unsurprising that much of that growth ultimately proved unsustainable and the market is now correcting itself,” Dr Wong says. “Despite the recent softening, the market is still significantly above its long-term trend and there are substantial headwinds in the coming months. Headline inflation is still red hot, and the central bank won’t back down until it reins in these spiralling prices.”
This should be enough to give anyone considering entering the market pause, he says.
“While falling house prices may seem like an ideal situation for those looking to buy, once the high interest rates, taxes and other expenses are considered, the true costs of owning the property are much higher,” Dr Wong says.
“People also must consider time lags in the rate hikes, which many are yet to feel to brunt of. It can take anywhere from 6 to 24 months before an initial change in interest rates eventually flows on to the rest of the economy, so current mortgage holders and prospective home buyers need to take this into account.”