An Award-Winning Home Hits The Perth Market
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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.
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
