Aston Martin Reveals 'Sylvan Rock', Its First Home
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Aston Martin Reveals ‘Sylvan Rock’, Its First Home

Step inside the first private residence offered by the British marque.

By Terry Christodoulou
Tue, Sep 29, 2020 2:22amGrey Clock 2 min

It’s no secret that Aston Martin’s design work is well appreciated outside the walls of the automotive industry.

And as such, the famous marque has dipped its toe into a number of endeavours including motorcycles, helicopters, boats and has now unveiled its first residence.

Designed in partnership with S3 Architecture, Sylvan Rock is a home set on a 22.2-hectare property in New York’s green Hudson Valley.

Accessed via a 610-metre driveway bordered by trees and rock walls, the main residence sees an angular form that takes its cues from the rock formations that make the surrounds so unique.

The home is encased in blackened cedar and glass and features four bedrooms, four bathrooms, two half baths and three-car automotive gallery garage (hello, lairs and galleries program). Elsewhere sees a custom wine cellar – wrapped in Aston’s signature cross-hatched lattice design, pool and an 81sqm pool house.

The living spaces give way to nature through double-height ceiling and walls of glass with a columnar fireplace the showpiece. Naturally, the interiors are furnished by Aston Martin home while the kitchen is informed by a monolithic island and private dining table fitted with Miele appliances, column refrigeration and the latest cooking tech.

The primary bedroom suite is glass-clad and cantilevers over the rock ledge to take in views of the Catskills mountains in the distance. Here you’ll also find a walk-in closet complete with a night bar for a pre-bed tipple.

The main bathroom sees two-person shower, double vanity, soaking tub and more of those natural views.

Not limited to the singular structure, the property also features multi-functional guest house “pods”, a treehouse, and an agricultural garden.

Best yet, it can be yours for approx. $10.8 million; sylvanrock.com



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The two Australian states where it’s a buyers’ market

Property values have experienced strong growth around the country, but there are two highly desirable areas where oversupply is putting downward pressure on sales

By Bronwyn Allen
Tue, Jun 18, 2024 2 min

While property values are rising strongly in most markets across Australia, it’s a vastly different story in Victoria and Tasmania, new data from CoreLogic shows. Over the 12 months to May 31, the median house price lifted just 1.8 percent in Melbourne and fell 0.6 percent in regional Victoria. The median dipped 0.1 percent in Hobart and ticked 0.4 percent higher in regional Tasmania. This is in stark contrast to Perth, where values are up 22 percent, and regional Western Australia, up 14.8 percent; as well as Brisbane, up 16.3 percent, and regional Queensland, up 11.8 percent.

CoreLogic Head of Research, Eliza Owen says an oversupply of homes for sale has weakened prices in Victoria and Tasmania, creating buyers’ markets.

On the supply side, there has been more of a build-up in new listings than usual across Victoria, even where home value performance has been relatively soft,” Ms Owen said. Victoria has also had more dwellings completed than any other state and territory in the past 10 years, keeping a lid on price growth. The additional choice in stock means vendors have to bring down their price expectations, and that brings values down.”

Melbourne dwelling values are now four percent below their record high and Hobart dwelling values are 11.5 percent below their record high. Both records were set more than two years ago in March 2022. The oversupply has also affected how long it takes to sell a property. The median days on market is currently 36 in Melbourne and 45 in Hobart compared to a combined capitals median of 27. It takes 55 days to sell in regional Victoria and 64 days in regional Tasmania compared to a combined regional median of 42 days.

Changes in population patterns have also contributed to higher numbers of homes for sale in recent years. Since COVID began in early 2020, thousands of families have left Melbourne because working from home meant they could buy a bigger property in more affordable areas. While many relocated to regional Victoria, a significant proportion left the state altogether, with South-East Queensland a favoured destination. Meantime, Tasmania’s surge in interstate migration during FY21 was short-lived. Data from the Australian Bureau of Statistics shows the island state has recorded a net loss of residents to other states and territories every quarter since June 2022.

Record overseas migration has more than offset interstate migration losses, thereby keeping Victoria’s and Tasmania’s populations growing. However, the impact of migrants on housing is largely seen in the rental market, so this segment of population gain has done little to support values. Growth in weekly rents has been far stronger than growth in home values over the past year, with rents up 9 percent in Melbourne and 4.8 percent in regional Victoria, and up 1 percent in Hobart and 2.7 percent in regional Tasmania.

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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