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
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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
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The US housing market remains under pressure as high mortgage rates continue to weigh on affordability and demand. Industry leaders say 2026 has been one of the toughest years for home sales, with slower price growth, weaker mortgage activity, and fewer buyers entering the market. However, experts say reduced competition and more price cuts could create opportunities for well-prepared buyers.
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The typically busy spring season for the housing market was a dud, and the summer isn’t looking much brighter.
Housing services companies like Zillow Group and Rocket RKT +3.78% were loud and clear last week on earnings calls: Rocket CEO Varun Krishna called the quarter through June “one of the toughest spring housing markets in years.”
Jeremy Hofmann, Zillow’s chief financial officer, said on a conference call that the company predicted earlier this year that the market for mortgages would be flat. “We actually now think it’s going to be down low-to-mid-single digits,” he said.
The rest of 2026 will remain challenging for mortgage origination volume, says KBW analyst Bose George. The question now is what happens in 2027. “If mortgage rates remain [around] 6.75%, I think that’s going to be challenging even for next year,” he says.
But what’s bad news for mortgage companies could be a positive for bargain hunters. Buyers can expect prices to grow more slowly—or mildly decline—with less competition as long as mortgage rates remain unpredictable.
Mortgage rates at the beginning of the year were solidly below year-ago levels, notes Zillow senior economist Kara Ng. But they surpassed last year’s levels recently, she adds, referencing Freddie Mac’s weekly survey of 30-year fixed mortgage rates. Last week’s reading, at 6.69%, was higher than year-ago levels for the first time in 2026.
“From the affordability point of view, it’s going to get more challenging in the second half of the year,” she says. “And when affordability gets more challenging, that impacts sales and home price appreciation.”
Mortgage application data tracked by the Mortgage Bankers Association has cooled since the beginning of the year. The trade group expects that the number of mortgage originations in the remaining two quarters will lag behind last year’s levels, after exceeding 2025 levels in the first half.
Rocket’s early-stage data—which the company told Barron’s it derives from its brokerage Redfin, demand for its mortgage products, and signs in its servicing portfolio that a homeowner is preparing to refinance or move—“leads us to expect the third quarter mortgage market to be smaller than the second,” Chief Financial Officer Brian Brown, said on the company’s call. He added that such an occurrence is “something the industry has not seen since 2022.”
Prices will be about flat nationally, Ng says. Zillow’s most recent forecast, which shows how values are expected to change in the year ending June 2027, show them dropping in roughly half of the 100 largest U.S. metros for which data is available.
Buyers aren’t rushing in at a time when mortgage costs are rising and unpredictable. But those with the right combination of patience and cash could stand to benefit. “If you are financially qualified to buy a starter home, you are facing less competition and you’re more likely to get a price cut,” Ng says.
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