Five Rural Estates To Own
Escape the rat race with one of these sprawling country retreats.
3 min
The well-documented escape to the country continues unabated – metro dwellers looking for something more given ascendant city prices and COVID’s forced rethink on space and the traditional working week.
Here, we cut through the dross to deliver five standout escapes from across the country.
Olio Milo Estate, Pokolbin, NSW
Elsewhere, the southern European styled six-bedroom main residence is accompanied by magnificent grounds, while a two-bedroom guest house, managers cottage and olive processing plant round out what is an exceptional and unique offering.
POA; Cullenroyle.com.au
5 Blake Court, Mount Samson, QLD
Situated in a breathtaking location — with views of the hills and beyond — this impeccable residence is a combination of Hamptons and contemporary Queenslander, with soaring ceilings and beautiful timber adornments.
Beyond the two-hectares of land and jaw-dropping pool, the five-bedroom, four-bathroom, four-car garage pile offers impeccable ‘granny flat’, cinema room, Smeg, Miele and Liebherr appliances and a raft of smart home gadgetry.
534 Donaldson Road, Ancona, VIC
‘Hayfield Rise’ is an incredible take on high-country architectural modernity, situated in Victoria’s impressive Ancona Valley.
Sat on 20 hectares, the home’s s four pavilions, five bedrooms and four bathrooms offer space, light and designer flourishes at all turns.
The home – which also wraps around a central pool – is characterised by the use of recycled timbers, concrete, stone and galvanised iron, touching on the past and also developing a unique, modern narrative.
The gardens, by acclaimed landscape designer Paul Bangay, surround the house and include fruit tree orchard, rose garden, perennial garden beds and more.
POA; Mcgrath.com.au
3383 Chittering Road, Chittering, WA
This is a majestic and modern 1000sqm home perched on a rise that allows stunning views across the Brockman River Valley.
The single-level house – which rests on 61-hectares – boasts five-bedrooms, three-bathrooms and room for 14 cars. Yes, 14. Floor to ceiling windows dominate, so too the use of cedar and Toodyay stone.
Wrapped around a luxury 25-metre pool, it’s outside you’ll also find an LED floodlit tennis/basketball/netball court, with an all-weather surface and fully enclosed cricket pitch as well as large, undercover playground area.
Located in the hills outside Perth — meaning trips to the ‘big smoke’ remain an option whenever needed.
$4,750,000; ljhooker.com.au
71 Sand Road, Jupiter Creek, SA
A heady combination of privacy, luxury and functionality, ‘Bandarrah’ provides the best in country living.
The expansive 574sqm residence offers six living spaces, five-bedrooms and three-bathrooms and is set across 21.85-hectares. There’s also designer pool and impressive entertainer’s pool house.
Set up for horses with 16 paddocks and four holding yards, the shedding complex will prove attractive to any serious car collector or those seeking a solid workshop.
While you won’t want to leave – Adelaide remains an easy 35-minute meander.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
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Amid looming rate rises, there are reasons to be cheerful as mortgage holders head into 2023
2 min
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.”
Australian lenders hope no-interest cards can arrest a decline in usage and attract younger customers.
Inspired by some of California’s best known Modernist architecture.
