Property takes a holiday as the long weekend looms
Schedule auctions are down but there’s still reasons for the market to be cheerful
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There’s nothing like a long weekend to put a dampener on the property market. Auction activity is set to drop dramatically over the King’s birthday weekend to almost half the number from last week.
Data from CoreLogic shows that 1,327 homes are scheduled for auction across the capitals this weekend, down -44.2 percent on the previous week. Research analyst for CoreLogic Australia, Caitlin Foo says the fall in numbers is most evident in Melbourne where auctions have hovered over 1,000 homes for the past five weeks. This weekend, figures have fallen by -56.7 percent to just 480 homes.
In Sydney, there are 537 homes scheduled to go under the hammer, down -40.3 percent on the previous weekend when 899 homes were auctioned. It’s a slightly less significant story in the smaller capitals with 130 homes set for auction in Brisbane (down from 141 the previous week), 99 in Adelaide (down from 152) and Canberra at 65 (down from 68).
While it’s a slower week for the market, the numbers are still far better than they were this time last year, indicating a consistent sense of confidence in residential property.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
A new Toorak residence, 10 Highgate Hill tells a story of art meeting science.
2 min
Highgate Hill in Melbourne’s illustrious Toorak snuck onto Australia’s most expensive street list last year, coming in 19th position according to Suburbtrends data. Although the real estate research group said the median sale price was $5.102 million, trophy homes on the exclusive cul de sac can command far more.
Number 10 is a sleek new designer residence, the brainchild of architects David Watson and Christopher Doyle with gardens by prized landscaper Jack Merlo. Listed with a guide of $20 million to $22 million, the bespoke five-bedroom family home is an innovative benchmark for modern luxury in Melbourne, showcasing a vast floor plan and sophisticated finishes topped off with enviable city views.
On describing the designer dwelling, Doyle said it is a “symphony of light”.
“Highate Hill is an excellent showcase for our passion and dedication to luxury. Every element has been tuned to create the masterpiece you see before you,” he says.
“It’s a very sharp, elegant type of modernism, it’s not a hard edge sort of modernism. The site is blessed because of its geography, it’s high on the hill and has this lovely vista towards the city which is really unusual in Melbourne. And in Toorak, when you have that opportunity, you take every advantage of it.”
Overflowing with space over three levels, the artfully designed home has a choice of entertaining areas and private retreats suitable for all the family and plenty of guests all year round.
The ground floor is the central gathering space with a formal combined living and dining room spilling out to a peaceful courtyard, a separate den with a fireplace and a casual open plan zone adjoining the dream kitchen.
This culinary heart of the home has a grand Galassia marble island bench, sleek black American oak cabinetry, a suite of Gaggenau appliances, and a full butler’s pantry housing Miele appliances for hidden meal preparation. All this flows seamlessly out to a palatial terrace complete with a barbecue area and an Italian Artusi grill. For outdoor entertaining beyond the terrace, there is an infinity pool, a spa and a private courtyard.
“Architecture is the intersection between art and science. We love creating a house that is both gallery large, yet individual and intimate. The best buildings tell a story. They evoke emotions and create a strong sense of home. Highgate Hill is a testimony to this idea,” Doyle adds.
Up on the first floor, all five bedrooms have walk-in wardrobes and ensuites, but the primary suite goes above and beyond. This spacious main has a full dressing room with a bench seat and a deluxe five-star ensuite featuring a freestanding bathtub and twin vanities.
The Highgate Hill home hits every mark on an avid entertainer’s wish list with a host of added extras, including a second-floor private lounge and bar with a top-floor terrace capturing the city skyline, plus a lower ground floor home cinema with custom-made furniture, a ultra HD 4K projector, the latest Dolby Atmos sound and a kitchenette.
Additional features include a home office, a lift to all levels, a wine cellar, gym, marble and oak herringbone floors in the living spaces, or carpet in the bedrooms.
Other high-tech extras include a Savant whole-house automation system, Dynalight intelligent lighting, CCTV, zoned heating and cooling, electric sheer curtains and solar power.
Located near Toorak’s shops and eateries, Chapel Street boutiques, sought-after schools, Como Park and the Kooyong Lawn Tennis Clubs.
The Toorak residence is listed through Kay & Burton Stonnington with Oliver Booth and Ross Savas with an expressions of interest campaign.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
