Meet the heritage home with the lot – including a pool room
At a time when tradies are thin on the ground, this 19th century villa is move-in ready
2 min
Sydney’s inner west is generally characterised by workers’ cottages and terrace houses with postage stamp-sized courtyards barely large enough to take a swing on the Hills Hoist.
While there are still some substantial homes in Burwood, where this six-bedroom Victorian Italianate mansion is located, they have become increasingly rare as the developer’s wrecking ball threatens larger heritage homes that have seen better days.
Which makes this property at 24 Ethel Street even more special. Built c1888, this home in Sydney’s second smallest LGA is set over two levels, with multiple living areas and multipurpose bedrooms that can be used for hosting guests or as individual home office spaces. Entry is via a spacious portico and wraparound veranda with tessellated tiled floors in keeping with the age and style of the home. Stepping through threshold with stained glass front door and Marseille parquetry floors, there are enclosed living areas on either side of the hallway, including a pool room fitted out like a gentlemen’s club, complete with Timothy Oulton furnishings. At the rear, a Degabriele entertainer’s kitchen features Calcatta Vagli marble and Miele appliances.
Marble has also been carried through to the fireplace surrounds while contemporary chandeliers create a sense of drama to the open plan kitchen and living area.
There is also a basement area providing parking and storage. As is appropriate to a house this size, the 1098sqm property is set into spacious, well-maintained formal gardens with additional room for parking at the rear.
Perhaps the best thing about this home at a time when finding tradespeople is a struggle is that it is move-in ready. Period details such as ornate, coffered ceilings internally and iron lacework externally have been maintained and restored while modern conveniences including zoned heating and cooling, heated flooring and CCTV have been included.
With room for everyone, it’s a period home designed for modern zoning, creating spaces for multiple generations to come together and spend time apart.
With primary and high schools located within easy walking distance and the hustle and bustle of Burwood’s lively restaurant and entertainment scene just around the corner, this home is perfect for 21st century living.
Last sold in 2014 for $1.9m, it has a price guide of $8m.
Address: 24 Ethel Street, Burwood
Price guide: $8 million
Next open for inspection: Saturday July 8, 2.30pm-3pm
Agent: Michael Murphy, principal McGrath Strathfield 0486 123 888
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.
