Prestige Property: 7 Towers Road, Toorak, Melbourne, VIC
A prized, north-facing pile in Melbourne’s most sought-after suburb.
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Set in the elite enclave of Toorak is this magnificent family residence.
Offering 5-bedrooms, 5-bathrooms and a 6-car garage, the home is one of a select few properties on Towers Road to boast a north-facing rear.
The elegant manse sees a heady combination of soaring ceiling heights, stone and parquetry floors (with underfloor heating) delivered with the highest levels of craftsmanship throughout.
The impressive hall leads past an opulently fitted executive study and through to the elegantly appointed formal living and dining rooms. From here, one can access the casual living area and kitchen – the latter fitted with Gaggenau, Ilve, and Miele appliances, stone benchtops and walk-in pantry – overlooking the tennis court and swimming pool.
Glass doors provide an effortless transition from living to outdoor areas – a true entertainer’s dream – with the residence enjoying low-maintenance gardens designed by Paul Bangay and access to the aforementioned resort-like facilities.
The ground floor also boasts a self-contained guest room with ensuite and private front garden entrance.
Guided by a handcrafted marble staircase, one arrives at the master bedroom with a luxuriously appointed ensuite and expansive walk-in wardrobe. Three additional bedrooms – one with ensuite, the other two sharing a bathroom – are also found here.
The semi-basement sees a full bathroom – servicing the pool, home theatre, adjoining gym, communications room and fitted cellar. Further, another kitchen and home theatre is found here alongside a capacious garage for all the essentials.
The exclusive residence is close to Toorak Village, leading schools, transport, freeway access and the Yarra River.
The listing is with Kay & Burton’s Ross Savas (+61 418 322 994) and Michael Gibson (+61 418 530 392). Price guide $22-$24 million.
This article originally appeared on the Robb Report Australia & New Zealand.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
The construction sector is roaring back to life in some Australian states while others languish in the doldrums
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The home building market is on the rebound as building approvals rise, new data reveals.
Information from the Australian Bureau of Statistics shows that the total number of dwellings approved in August was up 7 percent seasonally adjusted, with apartments leading the way.
Private sector house approvals gained 5.8 percent in August while private sector residences excluding houses were up 9.4 percent. This follows on from a decrease of 14.6 percent in July and indicates a solid recovery in the Australian construction sector as the end of the year approaches.
Approvals for total dwellings were strongest in the two largest states, with Victoria recording a rise of 22.2 percent and NSW 12.5 percent. Western Australia also saw a significant rise of 12.3 percent.
In Queensland, the results were less positive for the sector, with total dwelling approvals falling by -26.9 percent. Tasmania also experienced a drop in approvals in August, down -10.1 percent and South Australia -6.9 percent.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
