Inside Aston Martin's First Luxury Apartments
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Inside Aston Martin’s First Luxury Apartments

Buy the apartment, receive a special edition Aston Martin SUV.

By Terry Christodoulou
Sat, Dec 5, 2020 3:39amGrey Clock 2 min

Aston Martin’s design language extends well beyond luxury cars. From helicopters to boats the British marque has now tried its hand at the luxury home, the latest of which sees a collection of five exclusive homes available for purchase in the enviable 130 William building – New York City’s premier new luxury residential development.

Together with developer Lightstone, architect Sir David Adjaye and Aston Martin’s Chief Creative Officer Marek Reichman have worked select residence’s custom furnishings and architecture.

Adjate is responsible for the entire vision of 130 William – designing both interior and exterior elements – which holds 242 residences at over 244-metres and 66 storeys.

The exception being five fully furnished Aston Martin collaborated homes located on the 59th and 60th floors of 130 William with each featuring a private, expansive loggia spanning the entire length of the residence, while bespoke screens divide balconies into a series of distinct zones for dining and relaxing.

Furnishings boast a curated selection of handcrafted materials and textiles from the acclaimed Aston Martin Home Collection by Reichman and Adjaye with other nods to the British marque’s crosshatch pattern – found here in bronze – alongside a smoked glass mirror engineered by Aston Martin and which reflects the city’s skyline.

The flowing spaces combine with the kitchen featuring custom textured blackened oak Italian cabinetry, Gaggenau appliances, marble countertops and a cantilevered Nero Marquina marble top – which acts as additional bar seating.

Bathrooms feature a textured Italian Salvtori marble throughout with the master featuring a solid carved marble bathtub and carved marble double vanity sinks alongside a walk-in shower.

Of the master suite expect an expansive bed with custom cashmere headboard cushions, slender metal detailing alongside bedsides by Formitalia, spacious walk-in closets and wall-mounted lighting by Boffi.

Buyers will have the option of customising one of the rooms in the two-and three-bedroom homes in a racing simulator, an office and library space or bedroom.

As something of a sweetener, owners will also receive the 130 William Adjaye Special Edition Aston Martin DBX in a bespoke colour inspired by the building’s exterior and which features unique elements such as real stone accents, marble inlays matched with satin walnut wood interior finishes and leathers that includes ‘parliament green’ trim and a steering wheel from Aston Martin’s customisation service, ‘Q by Aston Martin.’

Priced from approx. $5.65m with penthouses from approx. $14.8m; astonmartinresidences.com



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How much income is required to service a mortgage? It depends on where you live

New research suggests spending 40 percent of household income on loan repayments is the new normal

By Bronwyn Allen
Thu, Apr 25, 2024 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.

 

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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