Absolute Riverfront To Be Auctioned In Noosa
One of Noosa’s most coveted addresses is on the market.
2 min
Owning a coveted pile on the riverfront stretch of Noosa Parade is a rarity with only 36 homes built. However, one luxurious residence — with 20-metres of absolute waterfront and gun-barrel views across the Noosa River, is headed to auction.
The two-storey, 7-bedroom, 4-bathroom, 2-car garage home sits atop 611sqm with 661sqm of living space and boasts soaring double-height ceilings, white beech timber flooring and ceiling and screen battens throughout.
Using predominantly neutral tones within, the home sees accents of rosewood detailing, spotted gum custom joinery and an eye-catching floor-to-ceiling wall in various polished coloured concrete finishes as a feature.
Boundless multiple living and dining areas form the heart of the home, with the kitchen, replete with its green Brazilian granite island breakfast bar and stainless-steel benchtop and European appliances making it an entertainer’s delight.
Giving access to the residence’s idyllic surrounds are banks of gas-strut windows and disappearing sliders stretching the width of the northern side of the home.
It’s through the home’s extensive use of glass that it blurs the lines of indoors to out, featuring an expansive entertaining terrace with bar, outdoor kitchen and adjustable shutters for privacy. Additionally, the alfresco dining area is replete with pool and spa — suspended from the terrace no-less.
From the timber river terrace that extends from the garden and sandstone edged revetment one can launch paddle-boards, canoes or just relax by night. The absolute waterfront access is paired with a private jetty.
Within the home comes a media room — with doors opening to the main terrace, alongside two generous-sized bedrooms and a bathroom along the eastern side.
Elsewhere a staircase, with wedge-shaped sandy textured treads leads to a mezzanine-style podium of repurposed timber from Brisbane’s Hamilton wharves.
Up the stairs is the remainder of the accommodation, with three bedrooms and a bathroom accompanied by another master-style bedroom with walk-in-robe and ensuite. Additional to these lavish appointments comes the master retreat, with a sitting room space, office area, ensuite, and walk-in-robe all found here.
Everything with the home is inclusive, including the custom furniture, artworks and even the kitchen crockery.
The home is superbly positioned, only a five-minute walk to Hastings Street’s beachside restaurants, cafes and bars.
The listing is with Tom Offermann (0412 711 88) and is headed to auction, Saturday 18 June. Offermann.com.au
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Philip Lowe’s comments come amid property industry concerns about pressures on mortgage holders and rising rents
2 min
Leaders in Australia’s property industry are calling on the RBA to hit the pause button on further interest rate rises following yesterday’s announcement to raise the cash rate to 4.1 percent.
CEO of the REINSW, Tim McKibbin, said it was time to let the 12 interest rate rises since May last year take effect.
“The REINSW would like to see the RBA hit pause and allow the 12 rate rises to date work their way through the economy. Property prices have rebounded because of supply and demand. I think that will continue with the rate rise,” said Mr McKibbin.
The Real Estate Institute of Australia today released its Housing Affordability Report for the March 2023 quarter which showed that in NSW, the proportion of family income required to meet the average loan repayments has risen to 55 percent, up from 44.5 percent a year ago.
Chief economist at Ray White, Nerida Conisbee, said while this latest increase would probably not push Australia into a recession, it had major implications for the housing market and the needs of ordinary Australians.
“As more countries head into recession, at this point, it does look like the RBA’s “narrow path” will get us through while taming inflation,” she said.
“In the meantime however, it is creating a headache for renters, buyers and new housing supply that is going to take many years to resolve.
“And every interest rate rise is extending that pain.”
In a speech to guests at Morgan Stanley’s Australia Summit released today, Governor Philip Lowe addressed the RBA board’s ‘narrow path’ approach, navigating continued economic growth while pushing inflation from its current level of 6.8 percent down to a more acceptable level of 2 to 3 percent.
“It is still possible to navigate this path and our ambition is to do so,” Mr Lowe said. “But it is a narrow path and likely to be a bumpy one, with risks on both sides.”
However, he said the alternative is persistent high inflation, which would do the national economy more damage in the longer term.
“If inflation stays high for too long, it will become ingrained in people’s expectations and high inflation will then be self-perpetuating,” he said. “As the historical experiences shows, the inevitable result of this would be even higher interest rates and, at some point, a larger increase in unemployment to get rid of the ingrained inflation.
“The Board’s priority is to do what it can to avoid this.”
While acknowledging that another rate rise would adversely affect many households, Mr Lowe said it was unavoidable if inflation was to be tamed.
“It is certainly true that if the Board had not lifted interest rates as it has done, some households would have avoided, for a short period, the financial pressures that come with higher mortgage rates,” he said.
“But this short-term gain would have been at a much higher medium-term cost. If we had not tightened monetary policy, the cost of living would be higher for longer. This would hurt all Australians and the functioning of our economy and would ultimately require even higher interest rates to bring inflation back down.
“So, as difficult as it is, the rise in interest rates is necessary to bring inflation back to target in a reasonable timeframe.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
