Inside Aston Martin’s First Luxury Apartments
Buy the apartment, receive a special edition Aston Martin SUV.
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
Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Ray White’s chief economist outlines her predictions for housing market trends in 2024
2 min
Ray White’s chief economist, Nerida Conisbee says property price growth will continue next year and mortgage holders will need to “survive until 2025” amid expectations of higher interest rates for longer.
Ms Conisbee said strong population growth and a housing supply shortage combatted the impact of rising interest rates in 2023, leading to unusually strong price growth during a rate hiking cycle. The latest CoreLogic data shows home values have increased by more than 10 percent in the year to date in Sydney, Brisbane and Perth. Among the regional markets, price growth has been strongest in regional South Australia with 8.6 percent growth and regional Queensland at 6.9 percent growth.
“As interest rates head close to peak, it is expected that price growth will continue. At this point, housing supply remains extremely low and many people that would be new home buyers are being pushed into the established market,” Ms Conisbee said. “Big jumps in rents are pushing more first home buyers into the market and population growth is continuing to be strong.”
Ms Conisbee said interest rates will be higher for longer due to sticky inflation. “… we are unlikely to see a rate cut until late 2024 or early 2025. This means mortgage holders need to survive until 2025, paying far more on their home loans than they did two years ago.”
Buyers in coastal areas currently have a window of opportunity to take advantage of softer prices, Ms Conisbee said. “Look out for beach house bargains over summer but you need to move quick. In many beachside holiday destinations, we saw a sharp rise in properties for sale and a corresponding fall in prices. This was driven by many pandemic driven holiday home purchases coming back on to the market.”
3 key housing market trends for 2024
Here are three of Ms Conisbee’s predictions for the key housing market trends of 2024.
Luxury apartment market to soar
Ms Conisbee said the types of apartments being built have changed dramatically amid more people choosing to live in apartments longer-term and Australia’s ageing population downsizing. “Demand is increasing for much larger, higher quality, more expensive developments. This has resulted in the most expensive apartments in Australia seeing price increases more than double those of an average priced apartment. This year, fewer apartments being built, growing population and a desire to live in some of Australia’s most sought-after inner urban areas will lead to a boom in luxury apartment demand.”
Homes to become even greener
The rising costs of energy and the health impacts of heat are two new factors driving interest in green homes, Ms Conisbee said. “Having a greener home utilising solar and batteries makes it cheaper to run air conditioning, heaters and pool pumps. We are heading into a particularly hot summer and having homes that are difficult to cool down makes them far more dangerous for the elderly and very young.”
More people living alone
For some time now, long-term social changes such as delayed marriage and an ageing population have led to more people living alone. However, Ms Conisbee points out that the pandemic also showed that many people prefer to live alone for lifestyle reasons. “Shorter term, the pandemic has shown that given the chance, many people prefer to live alone with a record increase in single-person households during the time. This trend may influence housing preferences, with a potential rise in demand for smaller dwellings and properties catering to individuals rather than traditional family units.”
Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
