How You Could Own Greg Norman’s Ranch
The Australian golfing great’s sprawling property is quite something.
2 min
Greg Norman’s Seven Lakes Ranch is one of the finest hunting and fishing ranches in Colorado – and it could be yours.
The former pro golfer’s sprawling 4800-hectare property rests 20 minutes outside Meeker, in the coveted White River Valley of the Flat Tops Mountains – a region prized for its varied terrain and unspoilt natural beauty.
Norman purchased an initial nearby plot in the mid-90s, slowly acquiring neighbouring properties and creating the now expansive Seven Lakes Ranch.
The property’s major draw is the lifestyle it delivers – fishing in the trout-filled White River, biking, hiking, horse riding through the seemingly limitless terrain or game hunting (should that be your thing) in one of the largest elk and deer migrations in the Rocky Mountains. 
A 1290sqm main lodge holds nine-bedrooms, along with seven guest cabins, staff quarters, a historic dance hall, equestrian facilities, fitness centre and spa.
Norman and his interior designer wife, Kirsten, have transformed the lodge – which has a chic and modern-rustic vibe befitting the area.
The bones of the well-appointed lodge – made of massive logs driven in from Montana – lend themselves to the luxe outfit, while dramatic 30-foot vaulted ceilings and windows frame impressive views while filling the main space with light.
A true entertainer that can easily accommodate large groups – there’s also a formal dining room, movie theatre and Western-themed bar and lounge.
The ranch is listed at approx $62 million with Hall and Hall’s Brian Smith, +1 970 879 5544.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
New research suggests spending 40 percent of household income on loan repayments is the new normal
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.
Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
