An Award-Winning Riverside Queensland Home Is For Sale | Kanebridge News
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An Award-Winning Riverside Queensland Home Is For Sale

Tropical styling meets brutalist design in Sanctuary Cove.

By Terry Christodoulou
Sun, Dec 6, 2020 6:16amGrey Clock 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.

Sanctuary Cove

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.

Sanctuary Cove

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.

Raywhitesanctuarycove.com.au

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Amid looming rate rises, there are reasons to be cheerful as mortgage holders head into 2023

By KANEBRIDGE NEWS
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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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