An Award-Winning Riverside Queensland Home Is For Sale
Tropical styling meets brutalist design in Sanctuary Cove.
2 min
On the banks of the Coomera River in Queensland’s tightly held Sanctuary Cove, the award-winning ‘Cove House’ by architect Justin Humphrey is sprawled across a 966sqm block.
Located an hour from Brisbane CBD, or 30-minutes from the Gold Coast at 7366 Marine Drive East, Sanctuary Cove in Queensland, the 3-bedroom, 4-bathroom and 3-car garage home takes its cues from both brutalist architecture and tropical modernism. The heady combination sees an intriguing melding of materials and details – such as off-form concrete and curving timber battens – throughout the home that follows an unconventional layout revolving around lush, open-air tropical garden atriums.
Dark tones set against timber is a theme that is reflected throughout the home – including in the kitchen – which sees a charcoal hued benchtop, European appliances and a hidden wine cellar.
From here, the space flows towards the dining and living areas where timber panelling adorns the ceiling and floor-to-ceiling glass windows give views to the aforementioned central tropical gardens and out to the river.
From the main living area and kitchen, the outdoor entertaining terrace is accessed. The luxurious space is fitted with an in-built barbeque and fireplace, kitchenette with bar fridges, sunken lounge and a pool while an attached mooring allows homeowners to lap up their watery surrounds.
Elsewhere, the home’s master suite sees curved architectural features, glass Venetian-style shutters, a walk-in robe and an ‘indoors-outdoors’ ensuite that offers privacy through the residences central gardens (while still feeling like you’re outside). A further two bedrooms and study are found throughout the home as well as a private laundry courtyard.
Beyond the Cove House’s considered finishes, it holds a submerged rainwater tank, a solar photovoltaic system capable of 15kW alongside three Tesla energy storage batteries furthering its green cred.
The listing is with Matt Gates (+61 404 444 439) of Ray White Sanctuary Cove; POA.
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
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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
