Seclusion and sophistication without leaving the city
It’s a hard ask working from home when you have these views on your doorstep
2 min
Exclusivity is one of those terms that gets thrown around a lot. In real estate circles, often it’s a case of style over substance, with an emphasis on expensive finishes and high security.
This property understands exclusivity on a whole other level. Just one of 55 properties in the Pittwater enclave of Cottage Point, this waterfront home set in leafy surrounds with Ku-ring-gai Chase National Park as a backdrop is a million miles from care.
Set over three levels, the architect-designed home has four bedrooms on the lower ground floor, including a master suite with spacious walk-in robe that leads into a large ensuite. The master suite enjoys views to the water and, along with the second bedroom, leads directly onto a covered terrace with spa. Two more bathrooms service the additional bedrooms on this level, while a large family room offers space as a play area or teen hang out.
Upstairs, the split level main living area includes the kitchen, dining and lounge room, which leads on to a generous covered alfresco space ideal for entertaining while taking in the expansive water views. Beautifully presented with tiled floors and white walls, the transition between indoor and outdoor spaces is seamless, with stacker doors and highlight windows offering direct connection with the natural environment. For those reluctant to leave the sanctuary of the property to commute, there’s a spacious crow’s nest style study or home office on the top floor, which could also serve as a fifth bedroom.
Those seeking to access the water can take the meandering option via a walk along the garden path to the studio and boat house, which is equipped with a kitchen, bathroom and loft space. This leads to a private jetty designed for watercraft or just dangling toes in the water. When it’s time to head back to the house, the inclinator makes the journey a little less arduous.
There’s room for four cars on site, with garaging for two and carport space for another two. Cottage Point Inn and the Kiosk are within walking distance.
It doesn’t get much more exclusive than that.
Address: 64 Cowan Drive, Cottage Point
Expressions of interest
Inspection: By appointment only
Agent: Nik Vuko 0416 029 417 Rowan Webb 0411 555 444 Domain Residential
64 Cowan Drive, Cottage Point is now on sale. Email property@kanebridge.com.au to learn more.
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.
