Introducing 'Summerglen', Buderim’s finest home. | Kanebridge News
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Introducing ‘Summerglen’, Buderim’s finest home.

Just out of Mooloolaba, Queensland, comes this grand estate.

By Terry Christodoulou
Fri, Mar 18, 2022 2:21pmGrey Clock 2 min

Nestled away on five acres and boasting dual street access, the intensely private home combines its impressive grandeur and classic stylings with a beautiful rainforest location.

The award-winning 6-bedroom, 6-bathroom, 10-car garage home designed by Brad Read Design Group brings together grace and elegance of a period home with soaring ceilings and swathes of glass, and combines it with contemporary ideas of luxury.

Through a formal gated entryway, the driveway leads one past the lagoon to the expansive two storey home. Here, one enters through the formal entry foyer and experiences the impressive volumes within the main living zones complemented by the high-end kitchen complete with integrated appliances and scullery.

It’s also here on the lower level that one finds the office, library, multiple formal and casual living rooms and home cinema and gym.

Further mod-cons within the house include state-of-the-art security and technology, underfloor heating, striking fireplace centrepiece in the formal dining room, a granite bar in the billiard room with an outlook to the garage.

Outside, the home features an award-winning swimming pool and spa paired with a full-sized tennis court set upon the expansive, manicured grass lawn. It’s in the backyard that the most lavish entertaining can take place with festoon lighting in the majestic fig tree and an alfresco dining area complete with a built-in BBQ.

Across the two levels and the poolside guest pavilion, Summerglen comprises of six bedrooms and six bathrooms plus a powder area. The master suite features a large dressing room and opulent ensuite to match.

Infrastructure on the property includes garaging for up to 10 vehicles, a 5,000-litre underground water tank, an automatic pop-up sprinkler system, an outdoor fountain with lighting, two garden sheds, ‘hidden’ dog fencing plus boundary fencing, entry bridge and electronic custom-built gated entry.

Beyond, the expansive grounds and grand residence, Summerglen is three minutes from the centre of Buderim, and is nearby to Mooloolaba Beach, Sunshine Coast Airport with Brisbane an hour away.

The listing is with Ray White Nambour’s Matt O’Grady (+61 414 317 375), POA. raywhitenambour.com.au

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Data reveals house values have continued to decrease, but the rate has slowed as the RBA Board prepares to meet next week

By KANEBRIDGE NEWS
Thu, Dec 1, 2022 2 min

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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