National Property Listings Shrink
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National Property Listings Shrink

The market is forced to confront the impact of COVID lockdowns.

By Terry Christodoulou
Mon, Jul 26, 2021 1:25pmGrey Clock < 1 min

The number of listings in Sydney and Melbourne is diminishing as lockdown measures extend.

Data provided by My Housing market indicates the number of homes newly listed for sale nationally has diminished over the past week – due to concerns over a protracted shutdown.

The number of homes newly listed for sale nationally is down 20.6% compared to the previous week and is now at the lowest level since the holiday period of early January.

New listings are now tracking at lower levels compared to the same period last year – down 2.5%.

All state capitals recorded declines in the number of newly listed homes over the week ending July 25 with Melbourne and Adelaide clear underperformers down by 73.6% and 49.4% respectively.

Brisbane reported the highest number of newly listed homes over the week ending July 25 – down 4.5% yet slightly ahead of Sydney down 22.1%.

National housing markets are now confronting the impact of COVID lockdowns, with recent boom-time energy dissipating and fewer transactions likely to put downward pressure on home prices.

Data Powered by Dr Andrew Wilson, My Housing Market.



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PROPERTY OF THE WEEK: 91 WILLIAM ST, BRIGHTON

Blending brutalist strength with warm, refined interiors, Rumah is a bold architectural statement in Brighton’s coastal enclave — a designer family home where luxury meets liveability.

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Rumah means “home” in Indonesian and Malay, and it’s clear this designer property in Melbourne’s coveted beachside enclave of Brighton is a dream house in any language.

The uber-contemporary residence is a collaboration between builders Belot Property, Seidler Group architects, and the interiors team at Golden.

The result is a modern marvel that combines a brutalist concrete exterior ready to weather its coastal setting with inviting interiors using a mix of textures, from French oak to metal and brick finishes.

Just listed with Kay & Burton Bayside agents, Rae Mano, Matthew Pillios and Jamie Mi, the prestige property is on the market via a private treaty campaign with price expectations of between $10.5 million and $11.5 million.

Created to be a great entertainer while maintaining a level of discreet privacy, Rumah is, at its heart, a warm, family-friendly home that ticks all the boxes for detail-oriented design connoisseurs.

A palette of contradictions, Rumah blends angular and rounded forms, features hard steel and glass, and effortlessly incorporates the earthy finishes of brick and timber for a holistic sensory experience.

Beyond the oversized pivot door sits a large structural column wrapped in gold leaf, setting the tone for the rest of the residence. The three-storey layout offers a choice of multigenerational spaces, from the ground-floor everyday living level to the accommodation wing on the top floor and the large basement “clubhouse.”

At the heart of the home, a gourmet kitchen features a dramatic island bench, high-end appliances, and a full butler’s pantry. Multiple spaces feed off the kitchen, including a vast dining area and a large living room, which both spill out through full-height glazed doors to either a side barbecue terrace or the poolside deck to the rear.

Even the downstairs entertainer’s room – also known as the club – is effectively poolside thanks to an innovative glass viewing window framing swimmers and cleverly connecting the subterranean level to the rest of the home. This games room also houses a sophisticated bar, a wine cellar, integrated night club style lounge seating and a full bathroom.

Additionally, the lower floor features a hidden laundry room, two store rooms, direct access to a huge five-car garage with a convenient turning circle, and an extra bedroom or home office.

Via the private elevator, the top floor is dedicated to after-hours living. It has four spacious bedrooms, each with its own ensuite and walk-in wardrobes. In the luxurious primary suite, there is a hotel-inspired ensuite with a unique kidney-shaped freestanding bath and a dressing room.

Rumah’s added extras include warming indoor and outdoor fireplaces, automatic blinds, feature lighting, marble accents, bespoke wallpaper, built-in bedheads, an external spa and low-maintenance landscaped gardens.

Positioned on the corner of William and Halifax Sts, the 21st-century beach house is opposite William St Reserve, close to Brighton Primary School.

Rumah at 91 William St, Brighton is on the market via private sale with Kay & Burton Bayside and has a sales guide of $10.5 million and $11.5 million.

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Architect Mark Rios and his husband, Dr. Guy Ringler, spent 18 months renovating the house, which was originally designed by John Elgin Woolf.

It’s being sold by a Chinese billionaire who’s accumulated a handsome portfolio of lavish real estate in the U.S.

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