Kurraba Residences Is Redefining Luxury Harbourside Living
A new architectural icon on Sydney harbour.
A new architectural icon on Sydney harbour.
Set to become a notable architectural icon, the new Sydney project – Kurraba Residences at the tip of the headland in Kurraba Point – offers a front row seat to the action with 180-degree views that wander across the CBD, Opera House, Bridge and beyond, and which form a heady entree to what is a once in a generation build.
A powerful alignment of nature, architecture and interiors, Kurraba Residences rests between Neutral Bay and Shell Cove, encompassing just 24 designer addresses spanning 2- and 3- bedrooms inclusive of an ultimate 4-bedroom, 4.5 bath penthouse.
Brought together by a tantalising trio – SJB architects, Mathieson Architects and landscapers Dangar Barin Smith – the exclusive Thirdi Group project proves a curved wonder that sits within the ’20s narrative of nearby properties, a tasteful nod to heritage as seen in the exterior use of shapely brickwork.
Each residence boasts a sense of style, space and elevated living, with finishes that include solid limestone and marble, alongside touches of bronze and fine ash timbers, with design that seamlessly melds the indoors to alfresco terraces.
Kitchens are fitted with Wolf and Sub-Zero appliances, with Grigio Argento marble workspaces boasting fluted detailing and custom fireplaces that align in the use of the finish.
Bedrooms feature commodious and functional wardrobes (with the option of customised cabinetry), while bathrooms and ensuites have carved marble basins, Vola tapware and custom stone baths alongside bronze adornments.
Luscious private gardens come grafted to several apartments, while others offer the use of a shared rooftop garden with views across the harbour. Elsewhere, landscaped grounds spill to the neighbouring Kurraba Reserve which borders the water’s edge and where heritage figs and slender palms line the shore.
The literal crown of Kurraba Residences is the 430sqm, two-storey penthouse. Serviced by private lift, the interiors echo the themes of other residences while limestone floors, coffered ceilings and skylights lighten the second story that’s accessed via a bespoke, stonework staircase.
The penthouse also boasts custom wine cellar, expansive garden terrace – the outdoor area measuring 250sqm – and private infinity pool framed by spectacular city and harbour views.
The main bathroom also takes in the aforementioned vistas and includes circular marble vanities and carved marble baths that complement an oculus skylight. Further, a second living area and private study forms a removed and private sanctuary.
Each residence has private parking and access to a temperature and humidity-controlled cellar as well as a communal lounge space and concierge services.
Kurraba Residences sit 10 minutes from the Sydney CBD by car (or ferry from nearby Kurraba Point Wharf). The acclaimed Royal Sydney Yacht Squadron, Neutral Bay shopping precinct and Balmoral Beach are all within nearby and easy access.
The project will officially launch on November 7, with building to be completed in Q4 2022.
Sales and enquiries via CBRE Residential on 1800 656 874.
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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
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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