Hemsworth Brothers Part With Modern Malibu Getaway
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Hemsworth Brothers Part With Modern Malibu Getaway

By Beckie Strum
Mon, Jan 11, 2021 5:11amGrey Clock 2 min

The Hemsworth brothers have sold off a modern Malibu home they owned together for approx. $6.3 million, Mansion Global has learned.

The four-bedroom white-stucco home is located at the base of the Santa Monica Mountains. The three brothers and actors— Liam, 30, Chris, 37, and Luke, 40—owned the property together, as a peaceful vacation spot, according to information from the listing agency.

From its inland perch, the contemporary hacienda-inspired house overlooks both the mountains and the Pacific Ocean and has access to nearby horse stables, according to the listing with Eric Haskell of The Agency.

The deal is so fresh it has yet to log in public property records, and little is known about the buyer, except that they were represented by agents Chris Cortazzo and Susan Saul of Compass.

The Hemsworths bought the property through a trust in 2016 for $3.45 million, according to property records. They listed the home in September for $6.3 million.

Amenities, befitting a triple threat of Hollywood heartthrobs, include a home theatre that could be repurposed into a family room, according to the listing. There’s also a 750-bottle temperature-controlled wine cellar and an open kitchen with restaurant-grade appliances and quartz countertops.

The house features an open kitchen. ALEXIS ADAMS

While the 427sqm home boasts a modern open floor plan, floor-to-ceiling sliders in the kitchen can separate it from the dining room in a pinch. Other contemporary design details include polished concrete floors, marble bathroom finishes and tall walls suited for displaying artwork, according to the listing.

Outside, an outdoor dining area boasts dramatic views across the 1.3-acre property and over the mountains, images show.

The brothers have been riding out the pandemic in their native Australia, and have traded in their Malibu retreat in favour of New South Wales’ sunny surf spot Byron Bay, where the Hemsworths have reportedly purchased multiple properties.



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New research suggests spending 40 percent of household income on loan repayments is the new normal

By Bronwyn Allen
Thu, Apr 25, 2024 3 min

Requiring more than 30 percent of household income to service a home loan has long been considered the benchmark for ‘housing stress’. Yet research shows it is becoming the new normal. The 2024 ANZ CoreLogic Housing Affordability Report reveals home loans on only 17 percent of homes are ‘serviceable’ if serviceability is limited to 30 percent of the median national household income.

Based on 40 percent of household income, just 37 percent of properties would be serviceable on a mortgage covering 80 percent of the purchase price. ANZ CoreLogic suggest 40 may be the new 30 when it comes to home loan serviceability. “Looking ahead, there is little prospect for the mortgage serviceability indicator to move back into the 30 percent range any time soon,” says the report.

“This is because the cash rate is not expected to be cut until late 2024, and home values have continued to rise, even amid relatively high interest rate settings.” ANZ CoreLogic estimate that home loan rates would have to fall to about 4.7 percent to bring serviceability under 40 percent.

CoreLogic has broken down the actual household income required to service a home loan on a 6.27 percent interest rate for an 80 percent loan based on current median house and unit values in each capital city. As expected, affordability is worst in the most expensive property market, Sydney.

Sydney

Sydney’s median house price is $1,414,229 and the median unit price is $839,344.

Based on 40 percent serviceability, households need a total income of $211,456 to afford a home loan for a house and $125,499 for a unit. The city’s actual median household income is $120,554.

Melbourne

Melbourne’s median house price is $935,049 and the median apartment price is $612,906.

Based on 40 percent serviceability, households need a total income of $139,809 to afford a home loan for a house and $91,642 for a unit. The city’s actual median household income is $110,324.

Brisbane

Brisbane’s median house price is $909,988 and the median unit price is $587,793.

Based on 40 percent serviceability, households need a total income of $136,062 to afford a home loan for a house and $87,887 for a unit. The city’s actual median household income is $107,243.

Adelaide

Adelaide’s median house price is $785,971 and the median apartment price is $504,799.

Based on 40 percent serviceability, households need a total income of $117,519 to afford a home loan for a house and $75,478 for a unit. The city’s actual median household income is $89,806.

Perth

Perth’s median house price is $735,276 and the median unit price is $495,360.

Based on 40 percent serviceability, households need a total income of $109,939 to afford a home loan for a house and $74,066 for a unit. The city’s actual median household income is $108,057.

Hobart

Hobart’s median house price is $692,951 and the median apartment price is $522,258.

Based on 40 percent serviceability, households need a total income of $103,610 to afford a home loan for a house and $78,088 for a unit. The city’s actual median household income is $89,515.

Darwin

Darwin’s median house price is $573,498 and the median unit price is $367,716.

Based on 40 percent serviceability, households need a total income of $85,750 to afford a home loan for a house and $54,981 for a unit. The city’s actual median household income is $126,193.

Canberra

Canberra’s median house price is $964,136 and the median apartment price is $585,057.

Based on 40 percent serviceability, households need a total income of $144,158 to afford a home loan for a house and $87,478 for a unit. The city’s actual median household income is $137,760.

 

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11 ACRES ROAD, KELLYVILLE, NSW

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

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