A hidden country classic - without leaving Sydney | Kanebridge News
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A hidden country classic – without leaving Sydney

Classic country style meets modern convenience in this home built for comfort all year round

By Robyn Willis
Fri, Sep 16, 2022 8:00amGrey Clock < 1 min

It’s hard to imagine that there are parts of Sydney’s outskirts that are off the beaten track, but this property at Bowen Mountain comes close.

This quintessential country residence at 36 Bellbird Crescent has four bedrooms and three bathrooms with generous wraparound verandas to take in the panoramic views to the north and east. 

Combining the best of classic country style with modern convenience, the house has been designed to open up and shut down according to the weather, allowing for thermal comfort all year round. French doors offer direct connection to the decks in summer, while an open fire and aircon ensure the home stays cosy throughout winter.

Set over 4.05ha, the house is surrounded by established gardens, within easy access to walks in the Blue Mountains National Park.

About 1.5 hours from the centre of Sydney, this property is just moments to all the necessities at Kurrajong Village, offering the best of both worlds.

36 Bellbird Crescent, Bowen Mountain

Auction: Saturday October 22

Next inspection: Saturday September 17

Agent: McGrath Northwest – Greg Vincent, 0410 526 901

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RMIT expert says a conflation of factors is making the property market hard than ever to predict

By Robyn Willis
Thu, Oct 6, 2022 9:52am < 1 min

A leading property academic has described navigating the current Australian housing market ‘like steering a ship through a thick fog while trying to avoid obstacles’.

Lecturer in RMIT’s School of Property Construction and Project Management Dr Woon-Weng Wong said the combination of consecutive interest rate rises aimed at combating high inflation, higher property prices during the pandemic and cost of living pressures such as the end of the fuel excise that occurred this week made it increasingly difficult for those looking to enter or upgrade to find the right path.

“Property prices grew by approximately 25 percent over the pandemic so it’s unsurprising that much of that growth ultimately proved unsustainable and the market is now correcting itself,” Dr Wong says. “Despite the recent softening, the market is still significantly above its long-term trend and there are substantial headwinds in the coming months. Headline inflation is still red hot, and the central bank won’t back down until it reins in these spiralling prices.” 

This should be enough to give anyone considering entering the market pause, he says.

“While falling house prices may seem like an ideal situation for those looking to buy, once the high interest rates, taxes and other expenses are considered, the true costs of owning the property are much higher,” Dr Wong says. 

“People also must consider time lags in the rate hikes, which many are yet to feel to brunt of. It can take anywhere from 6 to 24 months before an initial change in interest rates eventually flows on to the rest of the economy, so current mortgage holders and prospective home buyers need to take this into account.” 

 

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