ANZ Bank Tips House Price Rise | Kanebridge News
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ANZ Bank Tips House Price Rise

A predicted 17% rise this year could lock out first-home buyers.

By Terry Christodoulou
Thu, Mar 25, 2021Grey Clock < 1 min

Australian housing prices are set to rise 17% in 2021 across capital cities according to ANZ economists.

Sydney and Perth housing prices are predicted to rise by 19% in 2021, with Hobart (18%), Melbourne and Brisbane (16%) and Adelaide (13%), following on.

ANZ reported that property prices rose a rapid 9% in the month of February, accelerating sharply from the 0.5– 0.6% gains over the previous three months.

The latest figures are a stark difference from the forecast 9% national rise for 2021 previously predicted by the bank.

ANZ senior economist Felicity Emmett said she expected the Australian Prudential Regulation Authority (APRA) would then introduce macroprudential measures later in the year to slow house price growth to 6% in 2022.

The new forecast figures comes as the red-hot property market continues to surge amid ultra-low interest rates, the likelihood that rates will stay low and pent-up demand following last year’s lockdown measures.

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The waterfront residence is one of Port Stephens’ finest homes.

By Kanebridge News
Fri, Aug 12, 2022 2 min

In the coastal township of Salamander Bay — nearby to Port Stephens — comes a unique home crafted to take full advantage of unbroken ocean vistas across three levels.

With one-of-a-kind flair, the stunning 5-bedroom, 3-bathroom, 3-car garage home of 52 Randall Drive Salamander Bay is nestled on a private 577sqm plot, optimised through intelligent design to take advantage of the Port Stephens landscape and lifestyle.

Within the home sees the typically coastal textures of natural oak floor and timber feature walls take hold while stone and tiled adornments add layers of luxury.

The open plan living, kitchen and dining areas incorporate a fireplace and near floor-to-ceiling glass that opens to create a seamless indoor-to-outdoor dining and entertaining space on the home’s top floor.

The heart of this area is the kitchen, centred around a marble-topped island, state-of-the-art European appliances and an attached bar area, with built-in refrigeration, accompanied by a butler’s pantry.

Also here comes a grand outdoor spa, central to the balcony, while another outdoor entertaining area with a pizza oven is found on the middle floor.

Downstairs once again comes a second living space replete with the perfect wine cellar — cooled by the natural rock foundation of the home — offering an array of entertaining options

Of the home’s accommodation comes a private and luxurious master retreat with expansive ocean views, a walk-in wardrobe and an ensuite, here, speckled with grey terrazzo tiling and timber joinery vanities.  A further four bedrooms are found throughout the home along with two family bathrooms rounding out the offering.

Less than a five-minute walk from nearby amenities of shops, restaurants, cafes and beaches the home offers the best of the Port Stephens area.

The listing is with PRD Port Stephens’ Dane Queenan (+61 412 351 819) and Erin Sharp (+61 499 912 311) and is heading to auction; prd.com.au