A Contemporary Beachside Pad Hits The Market
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A Contemporary Beachside Pad Hits The Market

With panoramic ocean views, this Freshwater property is sure to make a splash.

By Terry Christodoulou
Fri, Mar 5, 2021 2:56amGrey Clock 2 min

A contemporary waterfront pile, footsteps from the sands of Freshwater beach has just come on the market.

This 5-bedroom, 3-bathroom, 3-car parking residence designed by award-winning architecture firm Brewster Hjorth spans three levels and maximises its coastal appeal through the use of raw timbers, off-form concrete, copper adornments and glazed glass doors and facades to soak in the incredible views.

The first-floor homes the open-plan kitchen, living and dining areas and is privy to high-ceiling and a glazed façade that overlooks the ocean. It’s also here that timber features of Spotted gum, Ebony and Oregon come to the fore.

The kitchen is replete with Marblo resin benchtops, stainless steel side benches alongside Gaggenau and Miele appliances. Also on this floor is the butler’s pantry, which offers temperature-controlled wine storage, a bathroom and a home office that can be converted into a guest room with a murphy bed.

Downstairs sees the bulk of the bedrooms, all of which enjoy built-in robes, alongside a home cinema, laundry, bathroom and storage room.

The master suite sits alone on the top floor and is privy to a walk-in-robe, ensuite and its own rooftop courtyard.

Also on the top level is the deck which offers panoramic watery views and is the ideal entertaining space with its own outdoor kitchen.

Further,  two private rear courtyards are lined with a tropical garden, while a hot and cold outdoor shower is ideal for a post-swim rinse off.

Throughout the home sees a combination of terrazzo and timber flooring, which is all heated underfoot while a keypad entry and Sonos surround system round out the tech features.

Settled in the sought-after retreat of Freshwater Basin, the residence is a short stroll to Freshwater Village and Harbord Diggers and an easy walk to Manly beach.

The listing is with Clarke & Humel Property’s Michael Clarke (+61 402 425 486) and Mike Dunn +61 409 317 335). 48 Ocean View Road Freshwater, NSW, price guide, $10million.

Clarkeandhumel.com.au

This article was originally published by Robb Report ANZ



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The crafty workarounds would-be buyers use to get into the market

First time buyers determined to enter the Australian property market are taking creative approaches as interest rates steady

By Bronwyn Allen
Thu, Mar 28, 2024 2 min

Aspiring first home buyers are increasingly pooling their resources, adopting new strategies and making compromises to get themselves onto the property ladder, according to research from Westpac. About 56 percent of buyers surveyed are planning to buy their first property jointly with their partner compared to 40 percent three years ago. Three in four buyers say they are willing to compromise on location, up nine percent from three years ago, and 47 percent are willing to pay lenders mortgage insurance to buy their first home sooner.

Additionally, one in two first home hopefuls are considering ‘rentvesting’, whereby they purchase an investment property first ahead of a home for themselves. In this scenario, buyers typically continue renting in expensive lifestyle locations where they want to live and buy an investment property in more affordable locations, often on the outskirts of major cities or in regional areas.

The 2024 Westpac Home Ownership Report, released this month, is based on a survey of 2,015 Australians conducted in January. The report revealed increasing intentions to buy among all types of buyers, with 44 percent intending to buy in the next five years, up from 35 percent in July 2023. This may reflect expectations that interest rates have peaked, with the Reserve Bank keeping rates on hold since December.

Among first home buyers specifically, there was a slight decline in purchasing intention over the next five years, with 86 percent delaying buying a home due to cost-of-living pressures. The survey also found that more people are planning to buy an investment property, which is reflected in recent finance data from the Australian Bureau of Statistics showing a 20 percent increase in the value of investor loans issued over the past year. Additionally, more people are planning to upsize their homes or renovate their existing homes.

Westpac managing director of mortgages Damien MacRae said first home buyers “are becoming more ruthless with their goals”. “They understand it’s a big task, but they are determined to break into the market and are willing to compromise to get there,” Mr MacRae said.

Buyers still prefer houses, but there has been a five percent decline in this preference since 2021 and a seven percent increase for apartments. Preference for a townhouse, or house and land packages, has increased markedly. “Buyers are casting their expectations wider, willing to compromise on location and are forgoing everyday luxuries like food delivery. They are also more inclined to relocate and move to apartment living.”

The latest Westpac-Melbourne Institute Consumer Sentiment Index released this week shows the ‘time to buy a dwelling’ index rose 4.9 percent to 77.8 out of 100 this month, which is a 15-month high, but still relatively weak overall. Buyer sentiment is notably stronger in Victoria at 84.3, with Westpac senior economist Matthew Hassan pointing to softening home values over the past four months.

In contrast, the NSW index is at 73.3 out of 100, likely reflecting affordability challenges in Australia’s most expensive market. “Nearly 70 percent of consumers expect housing prices to continue rising in the year ahead,” Mr Hassan added.

 

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