Natural Beauty Is In Focus At This Vaucluse Residence
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Natural Beauty Is In Focus At This Vaucluse Residence

A desirable combination of light, stone and wood features in Sydney’s east.

By Kanebridge News
Fri, Jul 15, 2022 4:37pmGrey Clock 2 min

This luxury residence in the exclusive Sydney enclave of Vaucluse sees the dramatic use of glass to ensure the home is not only filled with natural light, but also captures views of the Sydney Harbour and the surrounding bushland.

Here, the three-storey, 6-bedroom, 6-bathroom, 4-car garage home makes clever use of sandstone, polished concrete, glass and wood throughout the home to create a natural, free-flowing warm experience.

The home’s natural feel is most acutely felt in the series of generous living spaces including a formal lounge and dining room fitted with a double-sided gas fireplace, opening to the north-facing undercover balcony — an entertainer’s domain.

The kitchen – central to the home’s entertaining M.O. —is the elevated combination of stainless steel and Caesarstone, with a commercial-style gas stovetop and Liebherr refrigerators.

Another large room – ideal for a study or bedroom — and a bedroom graces the ground level.

Upstairs sees the accommodation of a further five-bedrooms with built-ins, four of which have ensuites all with natural stone finishes. The master suite is a unique sanctuary with spa like ensuite and bespoke cabinetry throughout.

Also on the upper level is another family living room with gas fireplace and a travertine family bathroom a further luxurious addition to the home.

Downstairs the home sees a wine room with space for entertaining and a versatile sixth, bedroom or private gym.

Outdoors is the culmination of balconies on each level with an entertaining deck with pool and spa on the ground level.

A remote-control double lock-up garage and two further car spaces provide safe passage for the pride and joys while a c-bus smart home automation and high-tech security system round out the home.

The Hopetoun Avenue home offers the very best of Eastern suburbs living with its close access to beaches and Parsley Bay.

The property is listed with Sydney Sotheby’s International Realty, Michael Pallier (+61 417 371 522) and Spencer Liang-Sun (+61 425 339 696). Price guide; $16 million. sydneysothebysrealty.com/

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Amid looming rate rises, there are reasons to be cheerful as mortgage holders head into 2023

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Mortgage holders should brace themselves for more pain as the Reserve Bank of Australia board prepares to meet tomorrow for the first time this year.

Most economists and the major banks are predicting a rise of 25 basis points will be announced, although the Commonwealth Bank suggests that the RBA may take the unusual step of a 40 basis point rise to bring the interest rate up to a more conventional 3.5 percent. This would allow the RBA to step back from further rate rises for the next few months as it assesses the impact of tightening monetary policy on the economy.

The decision by the RBA board to make consecutive rate rises since April last year is an attempt to wrestle inflation down to a more manageable 3 or 4 percent. The Australian Bureau of Statistics reports that the inflation rate rose to 7.8 percent over the December quarter, the highest it has been since 1990, reflected in higher prices for food, fuel and construction.

Higher interest rates have coincided with falling home values, which Ray White chief economist Nerida Conisbee says are down 6.1 percent in capital cities since peaking in March 2022. The pain has been greatest in Sydney, where prices have dropped 10.8 percent since February last year. Melbourne and Canberra recorded similar, albeit smaller falls, while capitals like Adelaide, which saw property prices fall 1.8 percent, are less affected.

Although prices may continue to decline, Ms Conisbee (below) said there are signs the pace is slowing and that inflation has peaked.

“December inflation came in at 7.8 per cent with construction, travel and electricity costs being the biggest drivers. It is likely that we are now at peak,” Ms Conisbee said. 

“Many of the drivers of high prices are starting to be resolved. Shipping costs are now down almost 90 per cent from their October 2021 peak (as measured by the Baltic Dry Index), while crude oil prices have almost halved from March 2022. China is back open and international migration has started up again. 

“Even construction costs look like they are close to plateau. Importantly, US inflation has pulled back from its peak of 9.1 per cent in June to 6.5 per cent in December, with many of the drivers of inflation in this country similar to Australia.”

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