Prestige Property: 2 Macleay Street, Potts Point, NSW
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Prestige Property: 2 Macleay Street, Potts Point, NSW

A prized piece of Sydney’s architectural history hits the market.

By Terry Christodoulou
Fri, Sep 10, 2021 2:45pmGrey Clock < 1 min

One of Sydney’s truly iconic homes, the ‘Jenner House’, offers heritage and scale set upon a 1970sqm parcel of Potts Point with sweeping views of the harbour, Clark Island and the headland.

Designed by Australian architect Edmund Blacket in 1868 for the Hordern family the residence added a third storey in 1881 by Thomas Rowe.

Delivering 6-bedrooms, 8-bathrooms, and 5-car parking across four levels, the property showcases an array of antique materials including 11 1800s fireplace mantles crafted in white marble – imported from a single French Chateau.

Built upon a sandstone foundation, with triple-layered brick walls the home sees soaring ceilings between 3.8m-4m, original cedar joinery alongside Herringbone floorboards, bay windows and French wall panelling.

Inside the residence enjoys a chef’s entertaining kitchen with a professional-grade Baron oven, Teppanyaki grill, Salamander grill, Birko steamer, pasta cooker and commercial dishwasher.

All of the impressively scaled bedrooms include full marble ensuites with claws foot bathtubs and built-in robes. The king-sized master suite is completed with a master lounge that connects through French doors onto a verandah that soaks in the harbour view.

Below the home’s three levels lands an underground sandstone wine cellar, tasting room, artist’s studio and entertainer’s suite.

Further, the home is DA approved for a pool and alfresco entertaining area.

The sale of Jenner House represents a rare opportunity to own one of Sydney’s most notable properties in the luxurious blue-ribbon enclave that is Potts Point. As such, the home enjoys boutique fashion and some of the city’s finest dining at its doorstep.

The listing is with Bill Malouf, of LJ Hooker Double Bay (+61 411 428 354). Price guide; $34 million. Doublebay.ljhooker.com.au



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Ray White’s chief economist outlines her predictions for housing market trends in 2024

By Bronwyn Allen
Tue, Nov 28, 2023 2 min

Ray White’s chief economist, Nerida Conisbee says property price growth will continue next year and mortgage holders will need to “survive until 2025” amid expectations of higher interest rates for longer.

Ms Conisbee said strong population growth and a housing supply shortage combatted the impact of rising interest rates in 2023, leading to unusually strong price growth during a rate hiking cycle. The latest CoreLogic data shows home values have increased by more than 10 percent in the year to date in Sydney, Brisbane and Perth. Among the regional markets, price growth has been strongest in regional South Australia with 8.6 percent growth and regional Queensland at 6.9 percent growth.

“As interest rates head close to peak, it is expected that price growth will continue. At this point, housing supply remains extremely low and many people that would be new home buyers are being pushed into the established market,” Ms Conisbee said. “Big jumps in rents are pushing more first home buyers into the market and population growth is continuing to be strong.”

Ms Conisbee said interest rates will be higher for longer due to sticky inflation. “… we are unlikely to see a rate cut until late 2024 or early 2025. This means mortgage holders need to survive until 2025, paying far more on their home loans than they did two years ago.”

Buyers in coastal areas currently have a window of opportunity to take advantage of softer prices, Ms Conisbee said. “Look out for beach house bargains over summer but you need to move quick. In many beachside holiday destinations, we saw a sharp rise in properties for sale and a corresponding fall in prices. This was driven by many pandemic driven holiday home purchases coming back on to the market.”

3 key housing market trends for 2024

Here are three of Ms Conisbee’s predictions for the key housing market trends of 2024.

Luxury apartment market to soar

Ms Conisbee said the types of apartments being built have changed dramatically amid more people choosing to live in apartments longer-term and Australia’s ageing population downsizing. “Demand is increasing for much larger, higher quality, more expensive developments. This has resulted in the most expensive apartments in Australia seeing price increases more than double those of an average priced apartment. This year, fewer apartments being built, growing population and a desire to live in some of Australia’s most sought-after inner urban areas will lead to a boom in luxury apartment demand.”

Homes to become even greener

The rising costs of energy and the health impacts of heat are two new factors driving interest in green homes, Ms Conisbee said. “Having a greener home utilising solar and batteries makes it cheaper to run air conditioning, heaters and pool pumps. We are heading into a particularly hot summer and having homes that are difficult to cool down makes them far more dangerous for the elderly and very young.”

More people living alone

For some time now, long-term social changes such as delayed marriage and an ageing population have led to more people living alone. However, Ms Conisbee points out that the pandemic also showed that many people prefer to live alone for lifestyle reasons. “Shorter term, the pandemic has shown that given the chance, many people prefer to live alone with a record increase in single-person households during the time. This trend may influence housing preferences, with a potential rise in demand for smaller dwellings and properties catering to individuals rather than traditional family units.”

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