How Much Should Your Clothes Cost?

WITH INFLATION at record highs and a possible recession looming, shoppers are scrutinizing clothing price-tags hard right now. Few will welcome what they’re about to see, said Margaret Bishop, a supply-chain expert who teaches at three top fashion schools in New York. “The cost of raw materials, labor and transport, and logistics have all risen…and I don’t see how we could avoid higher retail prices in 2023,” she said.

Even so, you needn’t get ripped off. If you want quiet, well-made items that will last—and you don’t require a hyped brand name or luxury logo, both of which hike up prices—how much should you expect to shell out? Here, we do the math for four wardrobe staples.

1. Cashmere Sweater

Look to pay: $325 and above

Much of the world’s cashmere comes from Mongolia, but not all cashmere goats’ shags are created equal. An all-important, industry-wide grading system delineates fibers according to length and width. Grade A denotes the finest, longest and most expensive cashmere, which creates the softest and most-durable sweaters. Fast-fashion brands peddling sub-$100 knits tend to use Grade B or C hairs, meaning they’re shorter, scratchier and more liable to pill and break down over time, said Edouard Leret, co-founder of New York cashmere brand Leret Leret.

If you crave a cozy sweater with stamina, Grade A is the way to go. But determining the hair pedigree of a prospective purchase isn’t exactly easy: In the U.S., brands aren’t obligated to list grades on tags—“100% cashmere” is no guarantee you’re getting top-quality fuzz. A good workaround? Look to brands that specify Grade A on their websites, and shop for sweaters in-person so you can feel for softness, a telltale sign. Grade A creations needn’t cost eye-watering, four-figure sums. Some brands manage costs by producing close to the cashmere source. Leret Leret, for instance, manufactures in Mongolia, “which allows us to sell at the price we do,” said Mr. Leret. His playful knits are emblazoned with contemporary artists’ designs and start at $475. Simpler sweaters will be cheaper still. Massachusetts brand Billie Todd is a good benchmark: Its unfussy crew necks, which use Grade A fibers spun at a leading Scottish mill, start at $325.

A soft, subdued cashmere knit

  • Knit in Scotland, it features a ribbed, sag-resistant neck.
  • Solid, ribbed trim at the cuffs and waist refuses to lose shape.
  • Grade-A cashmere—the softest, most-durable variety. Sweater, $325, BillieTodd.com

 

2. Oxford Shirt

Look to pay: $125 (or $175 for made-in-the-U.S.)

“A basic Oxford is pretty simple,” said Atlanta designer Sid Mashburn. What separates a prize button-up from a flimsier, forgettable one are nuances related to construction and finish. Brands make a calculated decision about how much their customer cares about these price-increasing details. For instance, Mr. Mashburn’s shirts are sewn with 22 stitches per inch as opposed to the standard 16. This more time-intensive construction results in a sturdier, more-polished product. Other features to consider: Are the buttons made from cheap plastic or lustrous trocas shell? Is the collar blessed with an inner lining that softens pleasingly over time or is it a cheaper, “fused” collar that remains rigor-mortis-stiff forever?

Mr. Mashburn’s Oxfords, which feature many such nice-to-haves, will set you back $125. He’s able to sell them for this amount—a reasonable sum considering the quality—because they’re sewn in Honduras, where manufacturing costs are lower than in the U.S. and much of Europe.

If you desire a made-in-the-U.S. shirt, prepare to cough up about $50 more. Philip Saul, owner of Boston store Sault New England, produces his shirts a mere 50 miles away in Fall River, Mass. They feature premium details similar to Mr. Mashburn’s but cost $178. “The same workers that make maybe $18 an hour were maybe getting $8 an hour 10 years ago, so it makes sense that quality, made-in-America things should cost more [now],” said Mr. Saul. When manufacturing costs for an item go up $5, he added, “the retail price goes up $10.”

An Oxford shirt with thoughtful details

  • A nicely rolled collar not a forever-stiff ‘fused’ variety.
  • Pearly, trocas-shell buttons as opposed to plastic versions.
  • 22 stitches per inch—sturdier than the standard 16 stitches. Shirt, $125, SidMashburn.com
3. Jeans

Look to pay: $100 for a megabrand, under $300 for an independent maker

All jeans begin with more or less the same quality cotton, but this seemingly simple raw material boasts “one of the most complex. supply chains because it’s so global,” said Ms. Bishop, the professor. Cotton is often grown on one continent and spun on another, before it is transformed into a specific denim via a seemingly infinite choice of washes, blends and finishes—selvedge, vintage, raw, bleached, stretch, you name it. The deluge of jeans styles makes it tricky to determine a universal standard for quality and value, said Aaron Levine, a designer who consults for brands including Aimé Leon Dore and Vince and was formerly senior vice president of men’s and women’s design at Abercrombie & Fitch. The quality of rivets and zippers, and presence of flourishes like embroidery, nudge up the cost, he added.

Arguably a bigger price determinant: the size of the denim brand. “[Household brands] have such massive economies of scale that they receive price breaks on both raw materials and manufacturing,” said Mr. Levine. Such breaks are seldom extended to smaller brands, he said, which is why jeans from independent labels often cost more than, say, Levi’s or Wranglers.

When assessing a potential purchase, Mr. Levine asks himself: “Does the fabric feel like it’s got guts and integrity? Is the stitching straight and even?” Though he might splurge on tough-to-find vintage jeans, he has hard limits when buying new styles. “[Even] if a pair of new jeans fits me perfectly, I won’t go over $300.”

A solid pair of jeans from a big-name brand

  • Mid-weight denim washed using less water foreco reasons.
  • Precise, even stitching is a sign of quality jeans. Jeans, $98, Everlane.com
4. Leather Belt

Look to pay: $100 max

A great belt can cost $100 or even less. At around that price point, you can get leather of sufficient quality that you see the grain and, when you touch it, “you feel ‘leather’—not plastic or enamel or any finishes,” said Yuki Matsuda, the founder of Los Angeles fashion brands Monitaly and Yuketen. Because it’s rarely complicated to make a belt, raw materials usually account for the bulk of the final price. “Most of [that] goes into the leather. but buckles can incur really wild prices,” said Mr. Matsuda, if they’re a masterfully handcrafted creation rather than a basic brass design.

For some of the best—and best-priced—belts, Mr. Matsuda advises seeking out seasoned, small-scale brands. One such standout: Narragansett Leathers in Damariscotta, Maine, whose owner, Alan McKinnon, has handmade vegetable-tanned, bridle-leather belts since 1969. “When I first started [my most popular models] were $7 and now they are $55, 50 years later,” said Mr. McKinnon.

Can’t make it to a one-man shop in Maine for your new cincher? Visit independent retailers closer to home and peruse their in-house lines. Sault, the Boston retailer, makes agreeably understated belts at a nearby factory; they cost $89 a pop.

A handsome belt featuring first-rate leather and a no-nonsense, stainless-steel buckle

  • Hand-stitching around the buckle is straight and even.
  • English bridle leather with some graininess—not overly smooth. Belt, $89, SaultNE.com
Blue Buys

We asked men in Midtown Manhattan what they’d fork over for a pair of jeans.

“Probably, like, $50. I love to thrift—that’s where I find most of the jeans I like.”

—Dalton Bleckman, 19, student

“Up to $200. It depends on the occasion, what I’m wearing it for. [I’ll] go down to $40-60 but if it’s a name brand I’ll go up.”

—Frank Henderson, 62, works on convertible bonds desk

“100 bucks, 150 maybe. I like Levi’s. I think this pair [I’m wearing] are from Uniqlo. They’re quite cheap: 30-40 euros.”

—Tommaso Noseda, 32, consultant

“120 bucks. I like AG and Diesel. These [ones I’m wearing] are Zara, [they cost] under 60 bucks, probably.”

—Yoni Ron, 37, works in software sales

Amid Mounting Legal Woes, Alec Baldwin Cuts Price on His Longtime Hamptons Home

Actor Alec Baldwin dropped the price of his Hamptons estate by more than $4 million last week, just days before it was announced that he will be charged with involuntary manslaughter for the fatal shooting of cinematographer Halyna Hutchins on the set of the movie “Rust.”

On Thursday, prosecutors in New Mexico announced that Mr. Baldwin, a producer and lead actor in the Western film, will be charged with two counts of involuntary manslaughter. He was handling the gun that discharged, killing Hutchins and wounding the movie’s director, Joel Souza, on Oct. 21, 2021.

Mr. Baldwin’s multi-acre compound in Amagansett first hit the market in November with a $29 million sticker price. Last week, the ask was trimmed to $24.9 million.

At the centre of the estate is a more than 10,000-square-foot modern farmhouse. “Every detail of this impeccable two-story cedar shingle retreat has been curated to maximise indoor/outdoor space and utilise natural light throughout the year,” said the listing with Scott Bradley of Saunders & Associates.

The four-bedroom home boasts features including an eat-in kitchen, a movie theatre, a wine tasting room and a wood-panelled library. Plus there’s covered porches and two balconies that overlook the surrounding nature reserve.

Outside, a custom pavilion with a fieldstone fireplace is joined by a gunite pool and spa, as well as a fenced vegetable garden.

“This is a once in a lifetime opportunity to own an iconic 10-acre Amagansett estate,” Mr. Bradley told Mansion Global over email. And for potential buyers in need of a little more space, they “have the right to build another home, creating an uncompromising multi-home compound which is unheard of anywhere in the Hamptons today.”

Mr. Baldwin, 64, has called the pastoral spread home since 1996, when he purchased it for $1.75 million, listing records show.

In addition to charges against Mr. Baldwin, Hannah Gutierrez-Reed, the film’s armorer, will also be charged with two counts of involuntary manslaughter. Like Mr. Baldwin, she denies any wrongdoing in the incident.

Dave Halls, the assistant director who handed Mr. Baldwin the gun, signed a plea agreement “for the charge of negligent use of a deadly weapon,” the district attorney’s office said Thursday.

“This decision distorts Halyna Hutchins’s tragic death and represents a terrible miscarriage of justice. Mr. Baldwin had no reason to believe there was a live bullet in the gun—or anywhere on the movie set,” Luke Nikas, a lawyer for Mr. Baldwin, said in a statement. “He relied on the professionals with whom he worked, who assured him the gun did not have live rounds. We will fight these charges, and we will win.”

The Emmy award-winning Mr. Baldwin, who couldn’t immediately be reached for comment, is best known for his role in films like “The Hunt for Red October” and “The Departed.” His TV resume includes a starring role in the sitcom “30 Rock” and most recently he regularly portrayed Donald Trump on “Saturday Night Live.”

Australian designer Greg Natale steps onto the world stage

Award-winning Australian interior designer Greg Natale is exhibiting at Maison&Objet Paris for the first time this year. The four-day event, which begins today, showcases the latest and best in design from Europe and around the world. The theme for the 2023 event is ‘Take Care’, with a focus on looking after each other and the planet after the challenges of the pandemic.

Aimed at helping businesses in the design sector grow and connect, the show is in its 27th year, with an unrivalled range of exhibitors, talks and seminars.

Following on from the release of his third book last year, The Layered Interior, Natale is bringing to market his latest interior accessories, Fantaisie, inspired by the club scene of the 1970s and 80s. The Debbie ceramics range is a homage to the Blondie frontwoman, with gold ‘studs’ and abstract face motifs. Visage takes its cues from the 1980s Blitz Kids with a little bit of Bowie, Cocteau and Picasso thrown in. The Billy range is also inspired by the 80s scene, with a perforated finish and monochromatic palette.

The latest range will be in addition to Natale’s existing Onda range of stone vessels and joins his considerable stable of homewares that include dinnerware, towels, custom-made rugs, tiles and more.

Maison&Objet will be on in Paris until January 23.  

 

 

Rent or buy? Not all Australians get to choose

Demand for rental properties in Australian capital cities continues to outstrip supply, with no relief in sight for householders who are still locked out of buying a home, a new report has shown.

PropTrack’s December 2022 Rental Report, released today, reveals rents went up by 6.7 percent last year, a further increase from the 4.7 percent rise in 2021. The national median advertised rent for 2022 was $480 a week.

Despite the increases, the report authored by PropTrack’s director of economic research Cameron Kusher, says this has not led to more renters moving across to home ownership, nor has it caused more investors to enter the market.

This is predicted to create further pressure for renters this year.

“There remains an immense need for more rental accommodation, particularly in the major capital cities where demand is well in excess of supply,” the report says. 

“It’s critical that we find ways to create more supply – either through increased investment or more build- to-rent projects – or we reduce demand, which seems unlikely.”

The report notes that it is still generally much cheaper to rent than to pay off a mortgage.

“This indicates that transitioning to home ownership from renting is likely to remain a challenge for many,” the report says.

There were seven consecutive interest rate increases during 2022, with the cash rate increasing from 0.10 percent to 3.10 percent.

For investors, the report notes that both property prices and yields increased over the pandemic, although yields decreased slightly towards the end of last year. Gross rental yields in capital cities fell from 3.8 percent in December 2021 to 3.7 percent in December 2022. In regional areas, yields went from 5 percent to 4.5 percent over the same period. 

Data also revealed that units may represent a better investment right now, with house yields falling from 3.8 percent in December 2021 to 3.5 percent in December 2022. For units, yields increased from 4.1 percent to 4.3 percent over the same period, the highest levels since April 2021. 

 

Their Client Was Ready to Buy the Home. Then Came the Curveball.

Q: Has a buyer ever thrown a curveball at a deal, making a request that almost derailed the sale?

Frances Katzen, broker and head of the Katzen Team, Douglas Elliman Real Estate, New York City

I had a buyer who was adamant about having a very quiet apartment. He was a nice guy, very smart, but he had an issue with noise. He didn’t want to have any kind of impact from the city once he stepped into his home.

I worked with him for nine months. We found an apartment on the East Side, a one-bedroom on a side street that we visited 12 times. He wanted to know what day the garbage trucks came and where the building’s mechanicals were, like for the elevator. He wanted to understand what time of day the street got busiest and what kind of riffraff was there. The apartment wasn’t on a particularly high floor, and he wanted to know how noise carried.

We went back during business hours. Normally, we stop showing at 6 at night, but we went back on a Saturday at 8 p.m. to hang out and see what was going on. After that, he asked if he could come back on a weekend morning. He asked people in the lobby of the building what they thought. The seller’s broker was getting pissed off.

After going back and forth, we struck a deal. We had an accepted offer. Then at the 11th hour, he turned around and said he would like the seller to install soundproof windows.

The seller was like, “You know what? I’ve bent over giving you access, you jackass.” But eventually they decided to do it. We all had to chip in for the windows. I threw in a little bit to show my support. It was like $12,000. We were doing a triple-glaze and my client wanted them to be attractive. It took weeks.

We’re at the closing, and he says, “After further consideration, I just feel like I’m rushing into this.”

I said, “Stop—you’ve been trying to do this with me for nine months.”

He said, “I just feel like maybe I should wait.”

Finally, I said, “Do you really want to be out there paying rent?”

And he said, “OK.” He has been happy since, but it’s always such a bloody process.

Peter Torkan, founder and managing partner, The Agency Toronto, Toronto

It was a 26,000-square-foot home: 10 bedrooms, 16 bathrooms, an indoor swimming pool, indoor spa, a tennis court and a beautiful water fountain in the backyard—you name it. I represented the seller, who was a billionaire.

I showed the house to a billionaire couple. They went through the house and absolutely fell in love with it. They went back for a second visit, and then they went for a third time with a feng shui master. The feng shui master went through the whole house and approved it. The tour took about 1½ hours, at least. While they were in the house, the buyers ran into the housekeeper and started talking to her. She had been there three or four years and was extremely familiar with the house.

They submitted an offer. We went back and forth, and finally an offer of $15.888 million was accepted. There were two hooks. The seller had over $1 million in furniture in the house, and the buyer wanted every piece of furniture to be included—free of charge. The second hook was a nut-job clause: The housekeeper to stay with the house. They made it a contingency of the sale.

I told the agent, “You want over $1 million worth of furniture. If the seller is willing to sell it to you, maybe we can negotiate. But this condition that the
housekeeper stays in the house—I can’t demand that.”

If the seller had signed the offer and the housekeeper refused to stay, the whole deal would have fallen apart because of that stupid contingency. It took 31 days of back and forth and back and forth. The buyer wanted the furniture in the main bedroom, the dining room, the family room.

We decided to give them a few things to make them happy, throw in certain pieces of furniture. But the buyer was adamant: The lady had to stay.

Finally, I lost it. I told the buyer’s agent, “It’s impossible. How can you demand somebody stay? Maybe they don’t like your face. Let’s cancel the deal. You go ahead and buy something else.”

This was just a bluff, but I’m a good poker player. The next day the agent called me and said, “We are going to remove that condition.”

Afterward, I found out that the housekeeper actually did stay. I assume they made a deal. And funny enough, the sellers left behind a $100,000 Bang & Olufsen sound system and TV. It was humongous.

How Much Will You Spend on a Bottle of Wine? Americans Now Say $21.

Americans may be feeling financially constrained these days. And they may also be drinking less, as exemplified by the booming Dry January movement.

But that’s not stopping them from spending $21 on a bottle of wine.

That’s the price that has emerged as the consumer “sweet spot,” according to a new survey of more than 1,000 wine-industry professionals. And the figure is higher than a year ago, when the same survey, done by the wine-promotion company Colangelo & Partners and research firm Wine Opinions, found that $20 was the hot price tag.

To be clear, wines priced $10 and under—the so-called “jug” or “popular premium” categories—still account for the bulk of U.S. wine purchases. But a growing number of consumers are trading up—and that’s where the $21 “sweet spot” figure comes into play.

“It’s where the industry sees the most excitement and enthusiasm,” said Juliana Colangelo of Colangelo & Partners.

Wine professionals point to a variety of factors that explain why consumers are willing to spend $21 for a bottle.

For starters, many Americans have become more sophisticated about wine and can talk knowingly of a range of varietals and styles in a way that was unheard of a generation ago. And with that level of sophistication comes that desire to trade up, wine pros say.

“They want to expand their horizons,” said Leo Le, beverage director of Momoya Soho, a New York City restaurant.

Adam Levy, who organises wine competitions in cities across the world and heads up the Alcohol Professor website, said that he believes people are entertaining more at home, given the Covid-era hesitancy about eating at restaurants. And when they entertain, they’re willing to spend a little more, he explained, especially given that prices for bottles are still much lower at retailers versus restaurants.

Levy also said that wine prices have generally been increasing, due to supply-chain issues and other factors, so consumers who want to drink better will have to pay more by extension. “There’s so much pressure on wine producers,” he said.

Finally, Colangelo makes the point that natural wines have become very popular, especially with younger consumers. These wines are typically more expensive, so it stands to reason that the pricing “sweet spot” will go higher over time.

“You don’t really get a naturally produced wine for less than $20,” she said.

Beating the heat – and rising energy prices – in a luxury property

 The owners of this property in Sydney’s outer west never set out to be environmentalists. And, at first glance, the sprawling luxury home they built at Twin Creeks at Luddenham does not appear to be eco friendly. But appearances can be deceiving.

When they approached building designer Luke Van Jour at Distinct Innovations, they wanted a resort-style home befitting the spacious greenfield location at the golf course estate. A large, wraparound pool would be at the centre of the design for the single level home, along with three entertaining areas, an outdoor cabana and home theatre. This would be in addition to four bedrooms, a guest room and a study.

With about 4,000sqm to work with, there was plenty of room to move so the owner decided to include a spacious home gym. He also wanted a half size tennis and basketball court to round out the leisure options – and to fulfil a childhood dream.

“The client had a tough upbringing,” Van Jour says. “When his parents were not around he used to go to the local basketball court to shoot hoops, so including a basketball court was about bringing back some of those positive childhood memories.”

With a healthy budget to work with, Van Jour was tasked with creating a resort-style experience, with a wet bar and water wall next to the outdoor kitchen, all in a single level design so that every day would feel like a holiday for the family.

“The client had spent a lot of time travelling the world,” he says. “When he came home, he wanted that same feeling that he experienced when he was staying in hotels and resorts overseas. Everything had to be wrapped around this pool.”

In keeping with the luxury theme, Van Jour specified several home automation options.

“It’s a key part of this house,” he says. “You can turn on the aircon, warm up the coffee machine, open the garage doors. It also has security and biometric systems.”

With all the hi tech, it might be easy to miss the lengths Van Jour has gone to in order to design a house which is a little easier on the environment – and the owners’ bank balance – than you might expect of a building this size.

“I designed the house to block as much sun in summer as I could and bring as much winter sun into the

house as possible,” he said. “The whole house was double glazed and full passive design. It is brick veneer on concrete slab-on-ground with stone floors to allow for optimum thermal mass.”

There’s also a 8kw system of photovoltaic cells to cut down on energy bills, and rainwater tanks that hold up to 100,000L for washing clothes, topping up the pool and watering the garden. 

“Without the solar panels, if this house had to run on standard electricity, it would easily be $7000 to $8000 a quarter but now it is about $2000 to $3000 a quarter,” Van Jour said.

However, it took a little while for the owners to get into the swing.

“When the clients first moved in, the bill for the first quarter was close to $10,000,” he said. “The owner asked me what was going on. 

“In Luddenham, it gets down to -2C in winter and up to 48C or 49C in summer but when I went over, he greeted me in shorts and a t-shirt in the middle of winter.”

As it transpired, all the thermostats had been set to 28C and both the reverse cycle air conditioning and the underfloor heating had been turned on. There were also four large screen TVs running 24/7 and the pool pump had malfunctioned so that it was running day and night when it should only operate four hours a day. After turning off the aircon completely (it was installed mainly for cooling the house in summer), resetting the temperature of the underfloor heating, fixing the pool pump and only using the TVs when there was someone in the room, the bill dropped almost 80 percent the next quarter.

The house took 18 months to build, which is relatively speedy for its size. Now, the family enjoys a resort lifestyle while reducing their bills – and their impact on the environment. When it runs well.

“We did all the right things but if the house is not operated properly, it’s a waste of time.”

Fashion Editor André Leon Talley’s Estate Collection Expected to Fetch $1 Million at Christie’s

The collection of the late influential fashion editor André Leon Talley will be presented by Christie’s New York in a live sale on Feb. 15, followed by online sales ending on Feb. 16 and 17. Pre-bidding begins Jan. 27, the auction house announced Tuesday.

Expected to fetch up to US$1 million, the estate auction features Andy Warhol artworks, Louis Vuitton trunks, a Chanel cape and bracelets, handbags, jewelry, and other items amassed by Talley, who died last year at age 73.

Sales will benefit causes Talley championed during his life, including the Abyssinian Baptist Church in New York City and the Mt. Sinai Missionary Baptist Church in Durham.

Famous for being the first Black man to be the creative director of American Vogue, a position he held from 1988 to 1995, Talley’s “singular and timeless” fashion sensibility” and “endless love for all things beautiful” are reflected in his treasures, said Elizabeth Seigel, Christie’s head of private and iconic collections, in a news release.

The collection displays his decades-long relationships with iconic designers, including Karl Lagerfeld, Miuccia Prada, and Ralph Rucci. It also draws upon Talley’s love for his grandmother and esteem for Vogue editors Diana Vreeland and Anna Wintour, according to Christie’s.

A selection of highlights from the collection will begin a tour on Jan. 18 in Palm Beach, Fla.; Paris on Jan. 23; and in New York on Feb. 9.

“André was an intellectual and held a lifelong dedication to social justice and a pioneering vision for Black creators and luminaries,” said estate executor Alexis Thomas in the announcement. “We hope to bring the magic of André Leon Talley into the lives of those who have long admired him.

How Did My Dogs Become My Decorators?

AT A DINNER recently, my friends were ticking off their home-décor-related New Year’s resolutions. I was feeling pretty smug. After all, I’ve spent years repainting, reupholstering, rearranging and refinancing my house to make it comfortable.

Later that night as I was lying in bed, my little papillon Pigeon gently pawed at me. Then with his adorable, black dog lips he gave me a quick kiss on my nose. This is one of our many, many sick bedtime routines, but I love him so much. So I crawled out from under the covers to help him make his evening bone selection.

Suddenly, I saw my bedroom through a stranger’s eyes—someone who perhaps doesn’t love Meester Smeedge-Smeedge or Larry (my other papillon) as much as I do.

Specifically, in the corner of the room, next to a beautiful forest-green mohair sofa where I sometimes work, was a squalid, dank, metal dog crate which no dog has slept in ever. Inside it was a bigger pile of bones than you’d find in Dr. Lecter’s backyard. It also contained a dozen, greying, chewed-up chew toys, including the disemboweled remnants of a squeaky stuffed squirrel. Splayed on top of the crate—where no dog could ever reach—was, inexplicably, a pet mattress (fleece, unused).

The whole scene looked disgusting.

Then I started to notice other pet-related décor problems in my house. An assortment of water bowls and food bowls had transformed the kitchen into an obstacle course of spilled kibble. A dozen tiny rubber balls created a tripping hazard in the living room. A tangle of leashes hung like nooses in the foyer to welcome guests to our home.

“I can’t pinpoint exactly when this happened, but somehow my dogs have become my decorators,” I complained to Peter Scott, chief executive of the American Pet Products Association in Stamford, Conn.

“Don’t worry, you’re not the only one living like this,” said Mr. Scott, pointing out that 70% of U.S. households own pets, a figure that has been increasing steadily since 1988, when his trade group began surveying pet owners annually.

Over those 35 years, pet owners’ relationships with their animals also have evolved. Nowadays, animals are likely to be treated like full-fledged family members, Mr. Scott said: “It’s the humanization of pets. We’re seeing more young people who may not be ready for a kid, but they are ready to come home after work and take care of a dog or a cat.”

Along with more pets come greater decorating challenges. Last year, in fact, pet owners spent nearly $100 million on toys for dogs and cats, Mr. Scott said.

“That’s a lot of slobbery rubber balls to litter living room floors across America,” I said.

“Yeah, I’m tripping over them everywhere at my house,” admitted Mr. Scott, who it turns out has an adorable mini goldendoodle named Tucker.

What’s the solution? “We’ve started having conversations about whether we should be doing educational programs for architects and designers about how to create seamless, pet-friendly environments that go beyond having a doggie door,” Mr. Scott said.

Actually, many design professionals already are coming up with innovative solutions for clients who have pets.

Dog-washing stations in mudrooms, pullout drawers for food bowls in kitchens and “dog caves” built into nooks under staircases are becoming common, said Laura Sockrider, a designer at Martha O’Hara Interiors in Austin, Texas.

For a client who has two beagles, Ms. Sockrider recently designed a foyer that can be closed off with a waist-high pocket door—“it’s like a disappearing metal dog gate,” she said—to prevent the dogs from rushing the front door when visitors arrive.

“Another thing I like to do in an entryway is accessorise a console table with boxes and bins that have lids,” she said. “Your dog’s super-duper-slobbered ball might not be the first thing you want to see when you come in the front door, so it’s good to have a place to stash toys and leashes.”

Andrew Hill, co-founder and an architectural designer at Studio for Architecture & Collaboration in Toronto, recently designed a built-in dog nook—complete with a peaked roof like a traditional backyard doghouse—to take advantage of an awkward space in an L-shaped kitchen-cabinet unit. “This kind of design is very functional because otherwise that dog’s bed would have been thrown in the corner of the room, and that would have been unfortunate in such a small space,” he said.

“Catification” is always an emerging design trend. “Cat owners also are doing some cool things, like putting in kitchen shelves at heights that create levels for cats to climb,” said Molly Sumridge, an assistant professor of anthrozoology at Carroll College in Helena, Mont. “Having high spaces to hang out in is something cats intrinsically need as a species and it’s also a design that works well for humans—it keeps cats off the counters.”

This reminded me why I am not a cat person.

So, getting back to Pigeon—as I type, he is sleeping next to his bone collection, with one paw pressing against my foot as if a nap overtook him when he was in the process of giving me a nudge.

“He’s so cute, I wish you could see him,” I said to Prof. Maggie O’Haire, an associate dean of veterinary medicine at the University of Arizona. “But it would have been great if I thought of all these clever design ideas when I was remodelling my house a decade ago. Then I could have hidden all physical evidence of him and Larry in my house.”

“But is the mess really a problem? After all, pets themselves are almost a design element in a house,” Prof. O’Haire said. She pointed out that studies show that seeing your pet—or even your pet’s stuff—can improve your mood. “The sight of your dog resting on a chair can change your emotions,” she said.

Similarly, the sight of a dog crate “is like seeing a crib for a baby—it can bring back memories of when you first brought home that pet,” Prof. O’Haire said.

“Oh, yes, he was eight weeks old, and so little and fluffy, with huge ears,” I said, making a note to email her a photo after we got off the phone.

“On the other hand, people like to have some sense of order in their homes,” she said, steering me back on topic. The idea was to take back control. “So maybe you could get a basket for the toys,” she said.

“And bones,” I reminded her.

At that, Pigeon (whose English isn’t perfect), jumped up and brought me one of his squeaky balls.

“Sorry, got to go,” I said, and hung up.

The 2023 colour palettes to set you up for clear, calm spaces to soothe your soul and energise your mind

Anyone who has taken even a passing interest in interior colour trends in recent years will tell you that the tones and shades of nature have played a strong role. Whether it’s the deepest ocean blues, the softest greens or the earthiest golds and terracottas, we’re looking for a deeper connection to natural spaces and environments within our own four walls. That’s the strongest theme in interior colour choices moving into 2023. This perhaps should come as no surprise given the past couple of years when so many of us have turned to nature for solace and as a way to re-energise ourselves, body and soul.

Green leads the way in terms of colourways, almost always with warm undertones, from soft seafoam shades and eucalyptus green to deep shades of olive and forest green and tantalising mixes of teal green.

Australian paint company, Haymes, describes their ‘Carefully Nurtured’ palette as restorative and reinvigorating as we begin to power up after two years of uncertainty and, in many cases, separation.  

Biophilic elements – the human desire to connect with nature – make this palette ideal for creating connection between indoor and outdoor spaces, especially when teamed with natural materials such as timber and stone, as well as fibres such as linen and wool.

Warm colour bases ensure that while the green palette speaks of open space, a sense of cosiness is retained.

Similarly, the Balance and Connect colour palettes from Dulux focus on creating an equilibrium. While mid tones of teal and green speak of the natural world, 

the softness of these colours provides the perfect backdrop for contemporary or mid century furniture and abstract art.

For more inspiration, architecture and design news, order your copy of Kanebridge Quarterly magazine here.

These are palettes that focus on harmony over contrast, with similar tones placed alongside each other for depth. Equally at home on cool winter nights or warm spring days, lighter colours are ideal for shared spaces, like open plan living areas, while deeper shades create a sense of comfort, intimacy and even drama in less frequented areas such as bedrooms, home offices or formal dining spaces.

Indeed, the beauty of these palettes is their versatility, able to make themselves at home in contemporary environments, as well as breathing new life into more traditional homes.

Whether the look is relaxed elegance or contemporary chic, the sense is one of calm and serenity.

As we continue to examine what life looks like in a post COVID world, the beauty of paint is that if you tire of it or your priorities change, it’s one of the least expensive and invasive options to change your space.

And that’s something we can all feel good about.

 

Connect

This warm palette from Dulux (above) doesn’t shout its appeal from the rooftops. Instead, they are the kinds of colours that improve on better acquaintance. Choose from deep earth tones such as Cinnamon Sand or Research for intimate spaces like bedrooms and separate dining, or opt for Whisper White in shared spaces such as living rooms.  

 

 

Drawing energy

If there is one colour that has dominated interior palettes in recent years, it is green. A key element of the biophilic trend, where we seek out the nature to restore balance to our increasingly tech driven world, shades like Haymes Botanist Green (above) continue to delve deeper each season. Texture is key, as cut flowers or indoor plants.  

 

 

Balance

This dreamy palette (above)  from the Dulux range draws on the ocean for colour inspiration. Gleaned from visits to Milan design Week and Future Laboratory London, among others, this palette is about stripping back the superfluous to immerse yourself in colour. Team with luxurious textures like velvet and silk for a look that is both sophisticated and comforting. 

 

 

Light play

This palette from Haymes Paints (above) plays with notions of light – what colours reflect it and what colours absorb it. Colours like Empress Blue (below) play surprisingly well with pastels like Haymes Faith and Aloe Green. Add texture with hand made ceramics and organic patterns.

 

Tennessee Williams, JFK and a Suspected Nazi Spy: The History Behind Charleston’s Fort Sumter House

Even at 100 years old, Fort Sumter House is a relative newcomer to Charleston, S.C., where many of the homes date to the 1700s. Nonetheless, this former luxury hotel—now a condominium—touts a rich history.

In the 1940s, visitors to the hotel included playwright Tennessee Williams and a young John F. Kennedy, who used it for a tryst with the Danish journalist Inga Arvad.

Sen. John F. Kennedy in 1953, called the Senate’s “most eligible Bachelor”,

But the building is also iconic for its appearance, according to Erin Minnigan of the Preservation Society of Charleston. A rare example of Spanish colonial-revival architecture, Fort Sumter House is the only high-rise building in the South of Broad neighborhood, and will remain so because of height restrictions in the city’s historic districts, she says.

The Fort Sumter House homeowners association recently completed an extensive restoration of the exterior facade, including the stucco and ironwork, working with the preservation society to ensure the building’s historic look remained intact.

“It has become well loved by the citizens of Charleston,” Ms. Minnigan says.

Construction on the Fort Sumter Hotel began in 1923, with the first guests checking in the following year, according to a history maintained by the homeowners association. A centennial celebration is in the works, residents say.

The unusual design of the Fort Sumter Hotel riled some of the locals when construction on the building began, according to some accounts that Ms. Minnigan has read. “At the time preservationists really felt that it was inappropriate—the scale and its modern design. I can certainly see that being the case,” she says. “But that was 100 years ago, and buildings gain significance over time.”

Kennedy, at the time a young Navy officer, stayed at the hotel in 1942 with the charming and beautiful Arvad, says Scott Farris, a presidential scholar and author of “Inga: Kennedy’s Great Love, Hitler’s Perfect Beauty, and J. Edgar Hoover’s Prime Suspect.” The FBI under Hoover also suspected that Arvad was a Nazi spy, Mr. Farris says, and the agency bugged their hotel room.

The Fort Sumter Hotel “was a beautiful place and perfect for a weekend tryst,” says Mr. Farris, who studied former Hoover’s voluminous trove of papers after they were declassified. Arvad’s FBI file is well over 1,000 pages, Mr. Farris says, and eventually the agency decided that she probably wasn’t a spy. “They realized that there was no there there,” he says.

For residents interested in the topic, “JFK and Inga Binga,” a farcical retelling of the Kennedy affair, takes the stage in February at Charleston’s Dock Street Theatre.

In 1947, playwright Tennessee Williams and his literary agent met with theater producer Irene Selznick at the Fort Sumter Hotel to discuss Williams’ latest play, “A Streetcar Named Desire,” according to theater critic and author John Lahr, author of “Tennessee Williams: Mad Pilgrimage of the Flesh.”

Sheraton Hotels purchased the building in 1967 for $435,000 and spent another $500,000 on renovations, according to the homeowners association. In 1973, real-estate investors purchased the hotel and started a $2 million project to convert its 225 rooms into 67 condo units, according to the HOA. Since then, a number of the units have been combined.

Today, what makes this building noteworthy, homeowners say, are its sweeping water views and proximity to the boutique shops and restaurants on the southern end of the city’s peninsula. White Point Garden, a public park, is just steps away from the main entrance of Fort Sumter House.

“We’re in the prime location,” says Katherine Wilkinson, who in 2020 paid $425,000 for a one-bedroom, one-bath condo in Fort Sumter House with her husband, Mark Wilkinson.

“The battery is just outside, and the historic, iconic mansions are breathtaking,” says Ms. Wilkinson, 61, who works in an interior-design showroom. “We pinch ourselves every day. It’s just magic.”

Since 2020, at least 12 units have sold at Fort Sumter House, according to public records. Sale prices range from $387,000 for a roughly 585-square-foot unit to $1.225 million for a two-bedroom, two-bath unit measuring about 1,500 square feet.

In 2021, Josh Nass paid $770,000 for a roughly 1,200-square-foot unit at Fort Sumter House that dwarfed his studio apartment in Manhattan. During the pandemic, “I realized that I didn’t have to be in New York City to work—I could be anywhere,” says Mr. Nass, a 31-year-old crisis-communications specialist.

A friend from Charleston encouraged Mr. Nass to consider the Holy City. After renting briefly, Mr. Nass contacted Douglas Berlinsky at the firm Disher, Hamrick & Myers Real Estate, describing himself as a fervent foodie who loved European architecture and cobblestone streets. Mr. Berlinsky showed him Fort Sumter House because of its historic feel. “Its presence from the street is of an elegant residence,” Mr. Berlinsky says. “It also has amenities that many complexes in the city do not—a pool, a fitness room and [designated] parking.”

Currently, only one apartment at Fort Sumter House is listed for sale: a two-bedroom, two-bath unit on the fourth floor asking $1.19 million. Lee Williams of Oyster Point Realty Group has the listing. At nearly 1,200 square feet, the apartment is one of the more spacious units in the building.

Overall, the inventory of condos in downtown Charleston remains tight, according to an analysis by real-estate website Zillow. In November, 45 condos were on the market, a decrease of 41.6% from the same month in 2021. The median list price for downtown condos on Nov. 30 was $975,000, up 34.5% from a year earlier, Zillow found.

Under Construction in Charleston

Several condo projects are in the works in Charleston. A former Masonic Lodge on Wentworth Street is undergoing a condo conversion, and all 11 units have been presold, according to the developer, East West Partners.

New developments currently under construction include City House Charleston, located in the French Quarter. Carriage Properties is handling presales of 21 condos there, including a three-bedroom, three-bath unit asking $4.2 million. Handsome Properties is marketing four luxury townhomes being built at 122 Beaufain Street in the Harleston Village neighborhood. Currently on the market are two three-bedroom, three-bath units measuring roughly 3,000 square feet and asking $2.55 million each.

New buildings must complement the character of the neighborhood, says Ms. Minnigan of the Preservation Society of Charleston. “The design must blend in with its surroundings,” she says. “At the same time, we don’t want to give a false sense of it being a historic building.”

EVs Made Up 10% of All New Cars Sold Last Year

BERLIN—Electric-vehicle sales crossed a key milestone last year, achieving around 10% market share for the first time, driven mainly by strong growth in China and Europe, according to fresh data and estimates.

While EVs still make up a fraction of car sales in the U.S., their share of the total market is becoming substantial in Europe and China, and they are increasingly influencing the fortunes of the car market there as the technology goes mainstream. The surge in EV sales also contrasted with the broader car market that suffered from economic worries, inflation and production disruptions.

Global sales of fully electric vehicles totalled around 7.8 million units, an increase of as much as 68% from the previous year, according to preliminary research from LMC Automotive and EV-Volumes.com, research groups that track automotive sales.

Ralf Brandstätter, the head of Volkswagen AG’s China business, told reporters on Friday that electric vehicles would continue expanding fast and that China could soon reach a point where sales of conventional vehicles begin to permanently decline as plug-in vehicles take bigger market share.

“Last year, every fourth vehicle we sold in China was a plug-in, and this year it will be every third auto,” Mr. Brandstätter said. “We haven’t reached the tipping point yet, but we’re expecting to get there between 2025 and 2030.”

For the full year, fully electric vehicles accounted for 11% of total car sales in Europe and 19% in China, according to LMC Automotive. Combined with plug-in hybrid vehicles, which can be plugged in to recharge the battery but also have a small combustion engine, the share of electric vehicles sold in Europe rose to 20.3% of the total last year, according to EV-Volumes.com.

The U.S. lags behind China and Europe in the rollout of EVs, but last year auto makers sold 807,180 fully electric vehicles in the U.S., a rise in the share of all-electric vehicles to 5.8% of all vehicles sold from 3.2% the year before. Tesla is still the world’s dominant EV maker, but conventional auto makers are shortening its lead with new electric-model launches.

In Germany, the largest auto market in Europe, electric vehicles accounted for 25% of new vehicle production last year, according to VDA, the German automotive manufacturers association. In December, there were more EVs sold in the country than conventional cars.

New-car sales overall fell around 1% to 80.6 million vehicles, according to the LMC data, with nearly 4% growth in China helping to offset a decline of 8% in the U.S. and 7% in Europe, which was hit by the weakening global economy, soaring energy costs, supply-chain disruptions and the war in Ukraine.

Bayerische Motoren Werke AG, the German luxury-car maker, was one of many manufacturers last year to see sales of plug-in models rise even as overall sales tumbled. BMW reported a 5% decline in total new-car sales but saw EV sales more than double last year.

“We are confident that we can repeat this success next year, because we have a continued high order backlog for fully electric models,” BMW sales chief Pieter Nota, said this month, commenting on the growth in sales of electric models.

VW, Europe’s biggest manufacturer by sales, said on Thursday that overall new-car sales fell 7% to 8.3 million vehicles last year, but sales of electric vehicles rose 26% to 572,100 units. The sales figures encompass the company’s large stable of brands, including VW, sports-car maker Porsche, luxury-car brand Audi and passenger-car brands Skoda and Seat.

The bulk of VW’s sales of EVs were in Europe, but sales growth was strongest in China and the U.S., the company said.

Other manufacturers reported a similar divide of strong growth in sales of electric cars—boosted in part by the availability of a wider array of models in addition to market leader Tesla Inc.—and weak or declining sales of conventional vehicles. Ford Motor Co., Mercedes-Benz Group AG and BMW each said their EV sales more than doubled in 2022, while their total vehicle sales declined.

Photos: The EV Rivals Aiming for Tesla’s Crown in China

European auto makers have focused their EV production and sales on home markets as they try to meet European Union emissions regulations. They also began last year to more aggressively expand their EV business in other major markets, especially China and the U.S.

In China, which accounted for around two-thirds of global sales of fully electric cars last year, domestic manufacturers are gaining ground on traditional Western auto makers and are also beginning to expand into Europe and the U.S.

Worldwide, Tesla maintained the top spot in a global ranking of manufacturers by sales of all-electric vehicles, followed by Chinese manufacturers BYD Co. and SAIC Motor Corp., and brands belonging to the VW group, according to a study published by Stefan Bratzel, director of the Center of Automotive Management, an automotive-research group in Germany.

In the U.S., Ford is the second-largest maker of EVs by sales, followed by Hyundai Motor Co. and its affiliate Kia Corp. Meanwhile, General Motors Co., VW and Nissan Motor Co. lost EV market share in the U.S. last year.

While EVs are showing signs of becoming more mainstream globally, analysts warn that repeating last year’s strong EV performance in 2023 could be difficult as economic worries weigh on consumers, and cash rebates on EVs are reduced or scrapped completely in some countries. Rising electricity prices in Europe in the wake of Russia’s attack on Ukraine have also diminished the appeal of EVs compared with gas-powered cars.

Germany witnessed a surge in last-minute EV purchases in December, as consumers rushed to take advantage of government incentives before they were cut this year. Since Jan. 1, government subsidies for the purchase of an EV with a listing price of up to 40,000 euros, equivalent to about $43,000, fell to 4,500 euros from 6,000 euros previously.

For the past couple of years, auto makers, especially in Europe, have struggled to find key components such as computer chips to maintain production in pace with demand. This mismatch between demand and supply is one reason auto makers posted lofty profits last year despite broadly weaker sales.

As the economy weakens, supply-chain problems ease and subsidies dry up, manufacturers could find it harder to maintain the high prices for new cars as they chase potentially fewer buying customers. This could result in a downward price spiral that potentially hits profits.

“Demand is likely to weaken in the coming year,” said Peter Fuss, an auto analyst with Ernst & Young. “The weak economy will cause retail and business consumers to be more reluctant. And it is possible that supply will outpace demand and we will begin to see discounts again.”

Big Tech Stops Doing Stupid Stuff

The era of moonshots is (mostly) over. This year tech companies are taking a more earthly approach.

Stock charts both explain the change in boardroom sentiment and tell the story following an epic Covid-fuelled rise and fall. The tech-heavy Nasdaq fell 33% last year—its worst performance since 2008. Big tech, which spent the past several years spending on big dreams, is starting to think smaller. Last year more than 1,000 tech companies laid off employees, resulting in over 150,000 lost jobs, a tally by layoffs.fyi shows. It is an eye- popping number that could actually get worse: More than 23,000 tech workers have already been let go this year as of Jan. 13, the same tracker shows.

Many of these workers were newly hired under the mistaken assumption that booming pandemic demand would become the new normal. But a good percentage were legacy employees working on projects that, given today’s market environment, range from fiscally irresponsible to projects that fall well outside their parent company’s wheelhouse.

Meta Platforms and Amazon.com are the most high-profile examples, having cut a combined 29,000 workers so far. Meta is still reeling from an online advertising slump and the many billions of dollars that Chief Executive Officer Mark Zuckerberg is throwing at a new virtual world dubbed the metaverse. Amazon is coping with a retail slowdown in part by scaling back spending in unprofitable business areas such as its Alexa-controlled electronics products.

Meta Chief Technology Officer Andrew Bosworth said in an internal memo late last year that his company had “solved too many problems by adding headcount,” according to a recent newsletter published by the Verge. He reportedly added that headcount comes with overhead, which “makes everything slower.”

Despite its much-touted virtual ambitions, Meta said in a blog post last month that it is still devoting 80% of its total investment dollars to improving its own legacy business. In the Verge’s recent interview, Mr. Bosworth acknowledged that Meta is “changing our investment strategy” to the extent that some projects have to demonstrate value sooner to justify their high burn.

The ax also seems to be falling at the original moonshot factory: The Wall Street Journal reported that Google-parent Alphabet is laying off more than 200 employees at its Verily Life Sciences unit, plus another 40 at its robotics software company, Intrinsic. Both are part of Alphabet’s Other Bets segment, which racked up $5.9 billion in operating losses over the past four quarters while generating barely $1 billion in revenue.

Those cuts are unlikely to be the last at the Google parent, which added more than 30,000 new employees in the first nine months of 2022, even as its own advertising business started slowing.

Smaller tech companies are feeling the burn too. Redfin CEO Glenn Kelman told the Journal recently that if he could jump back in time 18 months, he would advise companies looking for profits to just “stop doing stupid stuff.”

He speaks from experience: The real-estate brokerage laid off 13% of its staff and shut down its automated home-flipping business late last year after deeming the operation too risky and expensive to continue. That followed a second quarter in which its so-called iBuying business had swelled to account for over 40% of its overall revenue. Channeling an old playbook for the new year, Mr. Kelman said in his company’s third-quarter report that Redfin “will have more cash and sell more properties” by focusing on its online audience and on better brokerage services.

Competitor Zillow gave up on its own iBuying business a year earlier than Redfin for similar reasons. It has since refocused on finding better ways to help its customers buy and sell other people’s homes. It is now using artificial intelligence to do such things as helping apartment hunters view available listings on New York City buildings they pass by and helping sellers generate floor plans for online listings based on photos. Zillow is also bundling its technology into an updated product to bolster traditional agents’ businesses.

A sector that has long worked to disrupt is now focusing on enhancing what already exists. In ride-share, Uber Technologies has now added taxi bookings to its platform in many cities, essentially feeding business to a competitor (but not without taking a small cut, of course). In Britain, Uber users can also book trains, buses and rental cars through its app. With Uber Explore, users across several cities can even book restaurant reservations and experiences.

Reinventing the wheel is so last year. The best tech investments of 2023 might be companies content to spend their coin greasing it.

Workers, Get Ready for the Great Rebalancing

American workers’ wild ride is coming to an end.

After three whiplash-inducing years of, first, professional vulnerability and, then, perceived invincibility, many people are returning to more typical levels of career security and leverage.

Call it the Great Rebalancing of the employer-employee relationship.

“We’re clearly headed there,” says Heidi Shierholz, president of the Economic Policy Institute.

Not long ago, at the pandemic’s onset, things were so bad that people lost jobs in record numbers as the U.S. unemployment rate reached 14.7%. Then things got so good that workers resigned in record numbers. There was a catchy name for this trend, I believe.

Adding to the volatility, savings swelled and shrivelled with the stock market, causing some people to lurch between hope for an early retirement and fear of working forever. Raises that made some feel flush were offset by inflation, in many cases.

The “quiet quitters” who reduced their on-the-job efforts while feeling untouchable last year may now be angling to fill key roles when their companies freeze or cut head counts.

Ms. Shierholz says that workers are still in good shape, overall, but certain key metrics are trending down toward normal ranges. December’s hourly earnings increase of 4.6% from a year earlier was the smallest rise since mid-2021, and the 223,000 additional jobs were the fewest per month in two years.

To complain about such decreases would be akin to griping if Yankees slugger Aaron Judge were to hit only 50 home runs this year, after smacking an American League-record 62 last season. It’s unrealistic to expect new peaks all the time, and it’s worth remembering what 2020 was like. (Mr. Judge, beset by injuries, hit 9 homers that year, by the way.)

Francesco Carucci, a California software developer, says he knew that his pay package was “wildly inflated” when he joined Meta Platforms Inc. last January. He says Facebook’s parent company tripled the total compensation that he earned at his previous employer, amid a hiring spree in a historically tight labor market.

Then Meta laid off Mr. Carucci late last year in a round of 11,000 job cuts. Being aware of his bloated comp didn’t dull the sting of losing it, he says, and he got an additional reality check this month when he accepted an offer that is worth half of the one he received a year ago.

Still, he says his new pay is reasonable—more than what he made a few years ago—and the interview and negotiation process was more in line with what he has usually experienced over a 25-year career. He adds that he’s trying not to take the layoff personally. He views it instead as part of a natural and inevitable correction to the job market.

Others would do well to practice the same attitude. Andy Challenger, senior vice president of Challenger, Gray & Christmas, which helps companies manage layoffs and provides career coaching to the dismissed, tells me that business is picking back up after two of the slowest years in the firm’s history. He offers a blunt translation of what that means: “We know that there are a lot more layoffs coming.”

Ominous as that sounds, Mr. Challenger says the prospects of finding new work are generally good. Job openings, while shrinking, still outnumber the unemployed by several million, according to federal data. He expects that gap to narrow as the year goes on and advises job seekers to redouble their urgency.

“It’s not a time to lay back and feel too comfortable about the tight labor market,” he says. “Even if you’re getting lots of messages from recruiters today, that can dry up pretty quickly as things turn.”

Live, work and play in this stylish Tassie property

There’s nothing standard about this gracious property in Tasmania’s East Launceston that has just hit the market. From the staggered steps leading past an outdoor spa to the front door to the stylish, light-filled interiors and grand master bedroom suite, everything about this three-bedroom home at 48 Mary Street East Launceston has been considered.

Last sold in 2017 for $615,000, it is now on the market for more than twice that price, a reflection of soaring property values across Tasmania. While this property sits well above the Launceston median house price of $770,000, it offers considerable lifestyle benefits, including multiple indoor and outdoor living spaces, two bathrooms and parking for five cars set across 1096sqm.

Designed with a yin-yang floorplan, the two living areas either side of the reception foyer face onto the front veranda. The well-appointed Shaker-style kitchen is finished in black and white – the predominant colour scheme for the house – and leads directly onto the dining area, which is positioned below three raked skylight windows. An additional  door to the kitchen leads onto a leafy deck at the rear, providing easy access to a separate laundry and home office.

Perhaps the real showstopper for this property, however, is the master bedroom suite, which includes a spacious ensuite with double shower and vanities off the bedroom. This then leads onto a large, well-lit dressing room, with purpose-built storage for shoes and clothing and glass fronted cabinetry.

The second bedroom overlooking the rear courtyard and deck also includes a dressing  room, while bedroom three has a walk-in robe. These additional bedrooms are serviced by a stylish family bathroom complete with freestanding bath as well as double shower and vanities.

  

Address: 48 Mary Street, East Launceston

Inspection: By appointment

For sale: Offers Over $1,975,000

Agents: Eric Anderson 0412 625 070 and Georgena Fragoulis 03 6333 3600, The Agency, theagency.com.au