Introducing ‘Summerglen’, Buderim’s finest home.
Just out of Mooloolaba, Queensland, comes this grand estate.
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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
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Capital cities lead the way as median home values see clear upswing
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Home values continue their upwards trajectory, recording the strongest monthly growth in 18 months, CoreLogic data shows.
The property data provider reports that their Home Value Index has noted a third consecutive rise in values in May, accelerating 1.2 percent over the past month. This is on the back of a 0.6 percent increase in March and 0.5 percent rise in April.
Sydney recorded the strongest results, up 1.8 percent, the highest recorded in the city since September 2021. The fall in Sydney’s home values bottomed in January but have since accelerated sharply by 4.8 percent, adding $48,390 to the median dwelling value.
Melbourne recorded more modest gains, with home values increasing by 0.9 percent, bringing the total rise this quarter to 1.6 percent. It was the smaller capitals of Brisbane (up 1.4 percent) and Perth (up 1.3 percent) that reported stronger gains.
CoreLogic research director Tim Lawless said the lack of housing stock was an obvious influence on the growing values.
“Advertised listings trended lower through May with roughly 1,800 fewer capital city homes advertised for sale relative to the end of April. Inventory levels are -15.3 percent lower than they were at the same time last year and -24.4 percent below the previous five-year average for this time of year,” he said.
“With such a short supply of available housing stock, buyers are becoming more competitive and there’s an element of FOMO creeping into the market.
“Amid increased competition, auction clearance rates have trended higher, holding at 70 percent or above over the past three weeks. For private treaty sales, homes are selling faster and with less vendor discounting.”
Vendor discounting has been a feature in some parts of the country, particularly prestige regional areas that saw rapid price rises during the pandemic – and subsequent falls as people returned to the workplace in major centres.
The CoreLogic Home Value Index reports while prices appear to have found the floor in regional areas, the pace of recovery has been slower.
“Although regional home values are trending higher, the rate of gain hasn’t kept pace with the capitals. Over the past three months, growth in the combined capitals index was more than triple the pace of growth seen across the combined regionals at 2.8% and 0.8% respectively,” Mr Lawless said.
“Although advertised housing supply remains tight across regional Australia, demand from net overseas migration is less substantial. ABS data points to around 15% of Australia’s net overseas migration being centred in the regions each year. Additionally, a slowdown in internal migration rates across the regions has helped to ease the demand side pressures on housing.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
