Own This Coveted Southern Highlands Escape
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Own This Coveted Southern Highlands Escape

Just three-minutes’ drive to the Bowral township, the property offers an extraordinary slice of serenity.  

By Kanebridge News
Fri, Jul 8, 2022 2:57pmGrey Clock < 1 min

The allure of the NSW Southern Highlands is more acutely felt in the winter months, and here, in the coveted outcrop of Bowral, comes a desirable masterpiece of design and style boasting expansive views of the region.

Found on almost six acres and comprised of two spectacular adjoining homes (and a free-standing one-bedroom studio),  the 7-bedroom, 6-bathroom, 7-car parking property is surrounded by an established garden and pastoral grounds.

After undergoing award-winning renovations in 2017-18, the original home saw the addition of a contemporary extension with soaring ceilings, burnished concrete floors and the heady use of timber — through bespoke finishes — that sees the home’s focus now on passive solar design, energy efficiency and thermal performance.

Within the main home contains a large home office, media room, playroom, open-plan dining, sunken lounge and kitchen with an additional large butler’s kitchen.

Also found in the main home sees 4-bedrooms and 4-bathrooms with an enormous home office designed to house a golf simulator.

Throughout the home comes the aforementioned concrete floors with both heating and cooling capacity in the new wing.

Outside comes a wed-edge mineral salt plunge pool and spa with an integrated electric Remco pool cover and a floodlit tennis court overlooking Bowral.

Further, the residence’s grounds feature extensive automated garden lighting and watering systems and a productive orchard of large mature fig trees, quine and beurre bosc pear.

Elsewhere on the grounds, the freestanding 1-bedroom, 1-bathroom studio features a kitchenette with spectacular views and is privately situated away from the house. Currently, it is used as an Airbnb.

Just three-minutes’ drive to the Bowral township, the property offers an extraordinary slice of serenity.

The home is listed with Corina Nesci (+61 416 523 155) of Drew Lindsay Real Estate, EOI; drewlindsay.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

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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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