Hobart Australia’s Frontrunner In Global Cities Index
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Hobart Australia’s Frontrunner In Global Cities Index

The southern city outranked the country’s more populous capitals.

By Terry Christodoulou
Thu, Oct 7, 2021 2:36pmGrey Clock < 1 min

Hobart’s dramatic home price rise has lifted it to the top 20 of Knight Frank’ Global residential Cities Index – outranking all other Australian capitals in terms of growth.

While much of the headlines this year have been fixated on Sydney’s price rise, the Tasmanian capital’s 24.6% growth in home prices during the year to June lifted it to 14th place from 23rd on the global ranking of 150 cities by annual price change.

The Canadian city of Halifax topped the list with a 30.8% price rise in the last 12-months to June while other Canadian cities Hamilton and Ottawa also made the top 10 as Canadian housing supply levels hit low levels.

Sydney, not to be left out, climbed from 55 in March to finish at 28 – reflecting the city’s annual growth from 8.6% in the first quarter to 18.7% in the second.

The NSW capital’s current median value for dwellings surpassed $1 million in June and has risen another $16,500 over the month of September.

Around the country, Melbourne and Brisbane also saw ascendant moves from 70th to 89th on the index to 44th and 54th on the list respectively.

Canberra climbed the global rankings up from 17th to 15th  — just behind Tasmania – with a 23.5% lift in property values.

The report also puts the price movement of local cities in a global context and shows the slowdown affecting other markets globally.

A look back at 2016’s report shows 15 Chinese cities averaged 23% growth year-on-year when tracked by Kight Frank’s index. Today the only Chinese city to break 10% growth was Guangzhou.

 



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On the Market for the First Time, This Hamptons Beach House Is Listed for Nearly $26 Million

The home in the village of Sagaponack has plenty of balconies to take in the surrounding water views

By CASEY FARMER
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A waterfront home in the Hamptons village of Sagaponack, New York, is on the market for the very first time.

Asking $25.95 million, the gray shingle-style home was built in 2008 by the seller and has since been available as a summer rental, but it’s never been up for sale.

Designed by architect Faruk Yorgancioglu, the “waterfront home offers privacy and panoramic beauty that cannot be duplicated under today’s zoning laws,” said co-listing agent Marilyn Clark of Sotheby’s International Realty – Bridgehampton Brokerage.

Jaime Lopez for Sotheby’s International Realty

The seller bought the property, which at the time had two small structures, at auction in 2005 for approximately $2 million, according to co-listing agent Deborah Pirro of Daniel Gale Sotheby’s International Realty. Mansion Global could not contact the seller.

The home hit the market Thursday, and in addition to Clark and Pirro, it is co-listed by Raquel Lopez of Sotheby’s International Realty – Bridgehampton Brokerage and Diane Anderson of Daniel Gale Sotheby’s International Realty.

Spanning 6,000 square feet, the home is filled with bright interiors, which were designed by New York-based interior designer Steven Gambrel. The open gourmet kitchen flows into a casual dining area and a living space with a fireplace, which is one of two double-sided fireplaces in the home, Pirro said.

A sunroom overlooks the water.
Jaime Lopez for Sotheby’s International Realty

“The placement and scale of fireplaces throughout the home is perfection,” she added.

A separate dining room has French doors that open onto a deck, listing photos show.

There are six en-suite bedrooms, including two primary bedrooms. The larger of the two is its own private retreat, outfitted with a fireplace, a sunroom and a large balcony, offering a space to watch the sun set over Sagaponack Pond, according to Sotheby’s.

Jaime Lopez for Sotheby’s International Realty

The home sits on a little more than an acre of waterfront land, bordering Sagaponack Pond, where there’s a private dock, and looking out at the Atlantic Ocean in the distance.

“The location on the pond with the view of the ocean waves breaking is spectacular and unique,” Clark said. “You are close to beaches and the Sagaponack General Store. It is a quick paddle to the famous Sagg Main Beach.”

Other outside amenities include a gunite swimming pool and a hot tub, which are surrounded by a spacious deck, as well as a pool cabana, which has a full bathroom, changing rooms and a sauna. There’s also multiple balconies, decks and a screened porch overlooking the pool, striking a balance between indoor and outdoor living.

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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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