Home in the Hamptons: A contemporary and comfortable residence in the heart of Kellyville

The suburban neighbourhood of Kellyville, NSW, might be just under an hour from your nearest beach—like Bondi, Manly and Dee Why—but that’s not to say one can’t own a home with true Hamptons-style aesthetics. Because, that’s exactly what you’ll find here at 11 Acres Road.

Thanks to a brand new renovation that’s plentiful in its modern offerings, it’s hard to go past the quality and attention to detail that has been given to this large and spacious suburban home. While providing that sense of luxury, it also has a sense of warmth and welcome; this is truly a home suitable for families, but also for those that appreciate the finer details in life.

You’ll find four large bedrooms—including two masters with ensuites, one upstairs and one downstairs—as well as a total of three bathrooms and a circular driveway for three cars; the ability for spacious living is immediately apparent. Multiple living areas are fitted out with European oak flooring, giving a sense of effortless Hamptons style-meets-suburban chic. There’s a lavishly renovated kitchen with Carrara marble finishings—a home cook’s dream—plus a covered alfresco with a wood fired pizza oven, guaranteed to appeal to those with a penchant for entertaining.

This home comes with a sizeable backyard that’s ready for a bevy of activities, from gardening to backyard cricket (and more). Ducted aircon will heat and cool the home throughout, and for those chilly winter nights, enjoy a custom-made fireplace of the highest quality craftsmanship.

As always, location is paramount in one’s search for the perfect property. Located just minutes from the zoned Kellyville Primary and High School, as well as public transport to the city, 11 Acres Road ticks all the right boxes in terms of affordability, location and style.

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Address: 1 Acres Road, Kellyville NSW

Price guide: $1.9 million

Auction: March 23, 2024

Agent: Peter Pokorny, 0400 243 687 at McGrath

The Reserve Bank had little choice but to raise interest rates again this week.

Inflation was already proving stubborn before the latest Middle East instability added further pressure to energy prices and supply chains.

Housing inflation alone has averaged six per cent over the past year, remaining one of the single biggest contributors to CPI.

But while the focus remains on rates, the deeper problem is structural and far more dangerous.

Australia is not building enough homes, and the conditions required to fix that are deteriorating simultaneously.

Construction costs remain elevated. Builders are increasingly unwilling to absorb contract risk. Labour shortages persist.

Capital is becoming more expensive. And as borrowing capacity weakens and sentiment softens, fewer projects are becoming financially viable.

The result is a self-reinforcing cycle.

The RBA raises rates to fight inflation. Higher rates reduce development feasibility. Fewer projects start. Housing supply tightens further. Rents rise. Inflation persists. The RBA raises rates again.

The only long-term solution is supply, yet Australia remains nowhere near the National Housing Accord target of 240,000 new dwellings a year.

Completion continues to lag approvals, meaning many projects approved on paper are simply never making it out of the ground.

That gap matters enormously because housing is not just another sector of the economy.

Around two-thirds of Australian household wealth is tied to property, while the sector underpins millions of jobs and related industries. Weakness here quickly spreads beyond real estate.

We are already seeing signs of stress. Auction clearance rates in Sydney and Melbourne have softened, borrowing capacity has declined, and parts of the market are experiencing price corrections as confidence weakens.

At the same time, policymakers continue to debate tax measures such as changes to negative gearing and capital gains tax discounts, despite fears that such reforms could drive private capital out of the rental market at precisely the moment when supply is most constrained.

This is the paradox at the centre of Australia’s housing crisis.

Demand for property remains extraordinarily high, yet the economic conditions required to actually build new housing are worsening.

The Reserve Bank cannot solve that problem alone.

Monetary policy cannot accelerate planning approvals, reduce construction costs or create more tradies. It can only raise the cost of money until something eventually breaks.

And increasingly, that “something” looks like the development pipeline itself.

Paul Miron is the Co-Founder & Fund Manager of Msquared Capital.

Home in the Hamptons: A contemporary and comfortable residence in the heart of Kellyville

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

Rising rates, construction inflation and shrinking investor confidence are pushing Australia deeper into a dangerous housing spiral that monetary policy alone cannot fix.