How You Could Own Greg Norman's Ranch | Kanebridge News
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How You Could Own Greg Norman’s Ranch

The Australian golfing great’s sprawling property is quite something.

By Terry Christodoulou
Fri, May 15, 2020 5:49amGrey Clock 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.

Hallhall.com

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House values continued to fall last month, but the pace of decline has slowed, CoreLogic reports.

In signs that the RBA’s aggressive approach to monetary policy is making an impact, CoreLogic’s Home Value Index reveals national dwelling values fell -1.0 percent in November, marking the smallest monthly decline since June.

The drop represents a -7.0 percent decline – or about $53,400 –  since the peak value recorded in April 2022. Research director at CoreLogic, Tim Lawless, said the Sydney and Melbourne markets are leading the way, with the capital cities experiencing the most significant falls. But it’s not all bad news for homeowners.

“Three months ago, Sydney housing values were falling at the monthly rate of -2.3 percent,” he said. “That has now reduced by a full percentage point to a decline of -1.3 percent in November.  In July, Melbourne home values were down -1.5 percent over the month, with the monthly decline almost halving last month to -0.8%.”

The rate of decline has also slowed in the smaller capitals, he said.  

“Potentially we are seeing the initial uncertainty around buying in a higher interest rate environment wearing off, while persistently low advertised stock levels have likely contributed to this trend towards smaller value falls,” Mr Lawless said. “However, it’s fair to say housing risk remains skewed to the downside while interest rates are still rising and household balance sheets become more thinly stretched.” 

The RBA has raised the cash rate from 0.10 in April  to 2.85 in November. The board is due to meet again next week, with most experts still predicting a further increase in the cash rate of 25 basis points despite the fall in house values.

Mr Lawless said if interest rates continue to increase, there is potential for declines to ‘reaccelerate’.

“Next year will be a particular test of serviceability and housing market stability, as the record-low fixed rate terms secured in 2021 start to expire,” Mr Lawless said.

Statistics released by the Australian Bureau of Statistics this week also reveal a slowdown in the rate of inflation last month, as higher mortgage repayments and cost of living pressures bite into household budgets.

However, ABS data reveals ongoing labour shortages and high levels of construction continues to fuel higher prices for new housing, although the rate of price growth eased in September and October. 

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