City, space and loads of style await in this Sydney stunner
This award-winning property is something of a real estate unicorn
2 min
For Sydney buyers, there’s a property checklist that can be hard to complete.
To meet the criteria, it needs to be something close to the city, but still spacious, not too far from the beach but with a little urban sophistication. Many also love the idea of an older, character-filled home but with the modern conveniences that make it comfortable and low maintenance. Throw in a little village atmosphere and you might just have the perfect property.
It’s a tall order but this property at 223 Sutherland Street, Paddington ticks all the boxes.
While it has all the classic Victorian features that Paddington terraces are known for, this award-winning property has a contemporary addition to the rear designed by architect Alec Tzannes across a 400sqm double size corner block.
Along with four bedrooms and three bedrooms plus two powder rooms, there’s separate wings for living and entertaining, with a home cinema, cellar, wine fridges, wired sound system and well-appointed kitchen with Miele appliances and Calacutta marble benchtops.
Underfloor heating in the bathroom and ducted aircon ensure the property is comfortable all year round, while beautifully designed gardens by acclaimed landscape architect Peter Fudge provide the perfect backdrop for outdoor entertaining in the warmer months.
Located at the upper end of Paddington, the property is a stone’s throw from the vibrant restaurant scene on Queen Street, while bustling Oxford Street is a short walk away.
For those who love their sun, sand and surf almost as much as a sophisticated urban lifestyle, Bondi Beach is less than 4km away.
Address: 223 Sutherland Street, Paddington
Price Guide: $9m
Agent: Maclay Longhurst 0420 206 659 Emily Davidson 0437 492 378 BresicWhitney Darlinghurst
For sale
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.
Excluding the Covid-19 pandemic period, annual growth was the lowest since 1992
2 min
Australia’s commodity-rich economy recorded its weakest growth momentum since the early 1990s in the second quarter, as consumers and businesses continued to feel the impact of high interest rates, with little expectation of a reprieve from the Reserve Bank of Australia in the near term.
The economy grew 0.2% in the second quarter from the first, with annual growth running at 1.0%, the Australian Bureau of Statistics said Wednesday. The results were in line with market expectations.
It was the 11th consecutive quarter of growth, although the economy slowed sharply over the year to June 30, the ABS said.
Excluding the Covid-19 pandemic period, annual growth was the lowest since 1992, the year that included a gradual recovery from a recession in 1991.
The economy remained in a deep per capita recession, with gross domestic product per capita falling 0.4% from the previous quarter, a sixth consecutive quarterly fall, the ABS said.
A big area of weakness in the economy was household spending, which fell 0.2% from the first quarter, detracting 0.1 percentage point from GDP growth.
On a yearly basis, consumption growth came in at just 0.5% in the second quarter, well below the 1.1% figure the RBA had expected, and was broad-based.
The soft growth report comes as the RBA continues to warn that inflation remains stubbornly high, ruling out near-term interest-rate cuts.
RBA Gov. Michele Bullock said last month that near-term rate cuts aren’t being considered.
Money markets have priced in a cut at the end of this year, while most economists expect that the RBA will stand pat until early 2025.
Treasurer Jim Chalmers has warned this week that high interest rates are “smashing the economy.”
Still, with income tax cuts delivered at the start of July, there are some expectations that consumers will be in a better position to spend in the third quarter, reviving the economy to some degree.
“Output has now grown at 0.2% for three consecutive quarters now. That leaves little doubt that the economy is growing well below potential,” said Abhijit Surya, economist at Capital Economics.
“But if activity does continue to disappoint, the RBA could well cut interest rates sooner,” Surya added.
Government spending rose 1.4% over the quarter, due in part to strength in social-benefits programs for health services, the ABS said.
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.
