An Award-Winning Home Hits The Perth Market | Kanebridge News
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An Award-Winning Home Hits The Perth Market

By Terry Christodoulou
Fri, Feb 19, 2021 4:54amGrey Clock < 1 min

A combination of technology, sustainability and luxury – 42 Hobbs Avenue, Dalkeith, WA is an multi-award-winning home by Giorgi Exclusive Homes is an indulgent display in the sought after enclave of Dalkeith.

The combination of soaring ceiling heights, glass walls and the use of architectural voids sees the residence create a capacious, light filled home spread across an 1103sqm plot.

The 5-bedroom, 3-bathroom, 4-car garage home boasts Carrara marble tiling underfoot that is heated by a cutting edge under-floor hydro cooling and heating system throughout.

The main living area – which sees the lounge, dining – is fitted with a gas fireplace amd extends to one of the three kitchens in the home fitted with Gaggenau appliances and a Corian benchtop, supplemented by a scullery.

Entertaining is not limited to the indoor spaces, with the living area spilling outdoors to the alfresco lounging area replete with outdoor kitchenette, pizza oven and infinity pool. Elsewhere, the residence boasts an expansive wine cellar, including temperature-controlled cellaring.

The main bedroom sees an oversized ensuite, complete with marble adornments along with an elongated walk-in robe. The other bathrooms throughout the residence match with marble tiling.

Also upstairs is a retreat and expansive study area which is accessible via the internal lift or the stairs.

Throughout the home, a number of sustainability measures including underground rainwater tanks and recycled grey water as well as clever features including remote energy management and a smart home system that controls the intercom, lighting and shutters.

Sat in the enviable suburb of Dalkeith it offers the best of Perth’s village life, the residence is nearby Perth Flying Squadron Yacht Club and the Swan River.

The listing is with Shengxi Li from Honsun Realty (+61 487 380 423). Asking price; $7m.

Honsunrealty.com

 

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Mortgage holders should brace themselves for more pain as the Reserve Bank of Australia board prepares to meet tomorrow for the first time this year.

Most economists and the major banks are predicting a rise of 25 basis points will be announced, although the Commonwealth Bank suggests that the RBA may take the unusual step of a 40 basis point rise to bring the interest rate up to a more conventional 3.5 percent. This would allow the RBA to step back from further rate rises for the next few months as it assesses the impact of tightening monetary policy on the economy.

The decision by the RBA board to make consecutive rate rises since April last year is an attempt to wrestle inflation down to a more manageable 3 or 4 percent. The Australian Bureau of Statistics reports that the inflation rate rose to 7.8 percent over the December quarter, the highest it has been since 1990, reflected in higher prices for food, fuel and construction.

Higher interest rates have coincided with falling home values, which Ray White chief economist Nerida Conisbee says are down 6.1 percent in capital cities since peaking in March 2022. The pain has been greatest in Sydney, where prices have dropped 10.8 percent since February last year. Melbourne and Canberra recorded similar, albeit smaller falls, while capitals like Adelaide, which saw property prices fall 1.8 percent, are less affected.

Although prices may continue to decline, Ms Conisbee (below) said there are signs the pace is slowing and that inflation has peaked.

“December inflation came in at 7.8 per cent with construction, travel and electricity costs being the biggest drivers. It is likely that we are now at peak,” Ms Conisbee said. 

“Many of the drivers of high prices are starting to be resolved. Shipping costs are now down almost 90 per cent from their October 2021 peak (as measured by the Baltic Dry Index), while crude oil prices have almost halved from March 2022. China is back open and international migration has started up again. 

“Even construction costs look like they are close to plateau. Importantly, US inflation has pulled back from its peak of 9.1 per cent in June to 6.5 per cent in December, with many of the drivers of inflation in this country similar to Australia.”

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