Hamilton's Hottest Home Is Up For Grabs | Kanebridge News
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Hamilton’s Hottest Home Is Up For Grabs

High on the hill, this architectural wonder could be one of Brisbane’s finest.

By Terry Christodoulou
Mon, Dec 7, 2020 2:30amGrey Clock 2 min

Perched on the spectacularly private Hamilton hill, 55 Markwell street is a luxurious three-story residence boasting panoramic views of Brisbane’s CBD.

Designed by architect Shaun Lockyer, the 6-bedroom, 5-bathroom, 4-car garage residence is filled with a raft of resort-like amenities across a 2456sqm plot, only 10 minutes from the CBD and airport.

The main house offers over 1000sqm of living space and is fitted with a heady combination of timber, glass and stone achieving a contemporary aesthetic through floor to ceiling glass doors and windows, lofty ceiling heights and timber panelling.

On the first level, the kitchen well-appointed with Miele appliances, a marble island and is bordered with stonework pylons alongside a walkthrough butler’s pantry. Creating a free-flowing space are connections to the formal dining, casual dining, family room, lounge and outdoor deck area.

Additionally, on the first level is a study alongside four of the bedrooms, three of which come with ensuites.

Throughout the home, the bathrooms are adorned in a combination of limestone tiling or marble benchtops, with the aforementioned timber, stone, glass design trinity referenced.

Up the marble staircase, the upper level sees the master retreat, complete with its own ensuite, boasting twin vanities and ‘his’ and ‘hers’ walk-in robes and more impressive views.

The lower level of the home sees a private squash court, games room, personal gym, theatre and cellar, along with a laundry and yet another bathroom.

Built to entertain, the deck area and backyard host an outdoor kitchen, complete with barbecue, pizza oven, sink, built-in refrigeration and fire pit. There’s also a jaw-dropping 21-metre heated lap pool complemented by a spa and sauna.

On the technology front, the home is fitted with a C-bus lighting system, multi-zone security system with cameras and a Sonos sound system.

The residence also offers a separate fully self-contained one-bedroom cottage for the housekeeper or guests.

The listing is the Ray White New Farm’s Matt Lancashire (+61 416 476 480). POA

Rwnf.com.au

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Data reveals house values have continued to decrease, but the rate has slowed as the RBA Board prepares to meet next week

By KANEBRIDGE NEWS
Thu, Dec 1, 2022 2 min

House values continued to fall last month, but the pace of decline has slowed, CoreLogic reports.

In signs that the RBA’s aggressive approach to monetary policy is making an impact, CoreLogic’s Home Value Index reveals national dwelling values fell -1.0 percent in November, marking the smallest monthly decline since June.

The drop represents a -7.0 percent decline – or about $53,400 –  since the peak value recorded in April 2022. Research director at CoreLogic, Tim Lawless, said the Sydney and Melbourne markets are leading the way, with the capital cities experiencing the most significant falls. But it’s not all bad news for homeowners.

“Three months ago, Sydney housing values were falling at the monthly rate of -2.3 percent,” he said. “That has now reduced by a full percentage point to a decline of -1.3 percent in November.  In July, Melbourne home values were down -1.5 percent over the month, with the monthly decline almost halving last month to -0.8%.”

The rate of decline has also slowed in the smaller capitals, he said.  

“Potentially we are seeing the initial uncertainty around buying in a higher interest rate environment wearing off, while persistently low advertised stock levels have likely contributed to this trend towards smaller value falls,” Mr Lawless said. “However, it’s fair to say housing risk remains skewed to the downside while interest rates are still rising and household balance sheets become more thinly stretched.” 

The RBA has raised the cash rate from 0.10 in April  to 2.85 in November. The board is due to meet again next week, with most experts still predicting a further increase in the cash rate of 25 basis points despite the fall in house values.

Mr Lawless said if interest rates continue to increase, there is potential for declines to ‘reaccelerate’.

“Next year will be a particular test of serviceability and housing market stability, as the record-low fixed rate terms secured in 2021 start to expire,” Mr Lawless said.

Statistics released by the Australian Bureau of Statistics this week also reveal a slowdown in the rate of inflation last month, as higher mortgage repayments and cost of living pressures bite into household budgets.

However, ABS data reveals ongoing labour shortages and high levels of construction continues to fuel higher prices for new housing, although the rate of price growth eased in September and October. 

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Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

The iconic bootmaker is now solely in local hands.

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