House Prices Fall Across 40% Of Sydney
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House Prices Fall Across 40% Of Sydney

The market is feeling the effect of a slowdown.

By Terry Christodoulou
Tue, Apr 12, 2022 11:17amGrey Clock 2 min

The first three months of the year has seen dwelling values drop in nearly two of five Sydney suburbs, while almost half of all Melbourne suburbs analysed posted value declines according to data from CoreLogic.

The market downturn appears to be gathering pace with 917 Sydney suburbs analysed and 354 recording a fall in median dwelling values. House prices in 189 Sydney suburbs slumped while 165 unit markets weakened during the same period.

Melbourne saw dwelling values across 303 suburbs drop during the same 3-month period — 154 house and 149 unit markets positing price falls.

According to Eliza Own, CoreLogic’s head of research, the largest price decrases were found in some of the most affluent parts of Sydney and Melbourne.

Areas such as Beaconsfield, Newtown and Camperdown notched up some of the sharpest house price falls, 7.2%, 5.8% and 5.7% respectively.

In Melbourne, Cremorne posted the largest house price decline of 6.4%, followed by South Yarra (-4.8%) and  Toorak (-4.4%).

“High-end and inner-city areas are emerging as the first suburbs to experience this shift in market conditions,” Ms Owen said.

“It is likely that slightly tighter lending conditions and higher average fixed rates are hitting the very top of housing markets first.

Interestingly, this trend isn’t Australia wide with Brisbane posting a rise in median values across all 337 house markets analysed while only one out of the 171 unit markets posting a decline.

So too in Adelaide, where all 314 house markets in the analysis saw price increases and only two from the 105 unit markets saw a drop in values.

Elsewhere, Canberra saw dwelling values in seven out of 134 house and unit markets analysed record price decline while six from 55 house and unit markets In Hobart posted a drop.

Perth saw 13.4% of all suburbs analysed record a decline while 18% of the market logged value declines in Darwin.



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11 ACRES ROAD, KELLYVILLE, NSW

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

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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Property of the week: 10 Orient Court, Buderim

This sky-high home on the Sunshine Coast with iconic shipping container pool is a testament to modern design and engineering.

By Kirsten Craze
Fri, Sep 13, 2024 3 min

A breathtaking view and a lush quarter-acre block are high up the wish list with any lifestyle property, but this contemporary Buderim residence takes things to another level.

Designed and built by owners Stu and Nat Faid, the Sunshine Coast home reflects their vision and incredible attention to detail.

As an architect and designer, Nat believes a prime position deserves an incredible project.

“The heart of the house is undoubtedly the living area and expansive deck. At over 100sq m and elevated more than 6m above the ground, you literally feel like you’re floating. We love how the views stretch from the Glass House Mountains along the coastline to Mooloolaba. Across the ocean, you can even see the sandbanks on Moreton Island,” she says.

While the views and the 1024sq m land parcel make their mark, it’s the suspended 12m heated shipping container swimming pool that’s making waves locally.

“When people arrive, the first thing they do is look up,” Nat adds.

After purchasing the property in 2021, the pair knew the existing house wouldn’t live up to their family of four, but they fell in love with the location and outlook so decided to adapt.

Initially, the pool’s unique design was simply a reaction to an everyday Queensland problem, but ultimately became a feature.

“The pool was at first a product of practicality. We wanted to be able to watch the kids in the pool from the house, but to do that required elevating the pool more than six meters off the ground,” Stu says.

“When we looked at the engineering required, it conflicted with our minimal-touch ethos in preserving the land and the visual aesthetic of the finished design. What followed was a lot of searching for a solution, and as luck would have it, the answer was almost on our doorstep.”

Shipping Container Pools seemed like a no-brainer answer to the pool problem. Having moved internationally multiple times, the couple saw an opportunity to weave their personal story into the fabric of their new home.

“The opportunity to incorporate a nod to that chapter of our life into the build was too good to miss,” he says.

“It also unashamedly reinforces the origins of the pool construction, which ties into the rest of the design in the house. Throughout the home, we have embraced where the old meets the new, we have not tried to blend, cover or hide the origins of the home, we have chosen instead to make sure the evolution of the house is clear to see.”

The Faids’ global family journey is evident throughout the home, from the grand Middle Eastern entry doors sourced from Dubai where the couple once lived, to the remarkable views from the Glass House Mountains to Mooloolaba.

Created to enjoy every season, the house has a space for all eventualities with an open plan living area spilling out to the full-width deck and pool, a sleek kitchen with an Ilve integrated fridge and freezer, Bosch ovens, an induction cooktop, built-in coffee machine and microwave, two dishwashers, filtered water and a butler’s pantry.

Four spacious bedrooms each have built-ins, the main features a large ensuite with twin vanities and two more bedrooms share a“Jack and Jill” style bathroom. There is also a third full bathroom.

The Buderim home is 12.5kms from Mooloolaba and the Mooloolaba River National Park with the Sunshine Coast Airport 13.5kms to the north, however Stu adds that there is rarely a reason to leave.

“It would be fair to say that apart from popping down the hill to go to the beach, we often go days without ever leaving the village. It’s really is a wonderful spot.”

Packed with mod cons, the Buderim home also features six-zone ducted air-conditioning, engineered oak floors and a double-sided Stuv wood-burning fireplace, a mudroom, heated floors and sensor lights in the bathrooms. There is also a private elevator, solar power and battery, as well as landscaped gardens and a large lock up garage and shed.

The property at 10 Orient Court, Buderim is listed with Zoe Byrne and Greg Ward from Ray White Buderim and will go to auction on September 22 at 9am at Mercedes-Benz Sunshine Coast, 65 Maroochy Blvd, Maroochydore.

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

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

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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