Prestige Property: 20 Thompson Street, Tamarama, NSW
Elevated beachside living in one of Sydney’s most coveted locations.
2 min
Superlatives are often bandied around in property with little substance. Yet here, in the highly sought-after cul-de-sac end of Thompson Street, overlooking the glamorous Tamarama beach comes a truly unique home.
Designed by award-winning architect Andrew Baroukh, this 4-bedroom, 4-bathroom, 5-car parking home is a rare opportunity to secure a contemporary family sanctuary, minutes from Sydney’s most covetable waters.
Set atop 525sqm of level beachside land, the three-storey home blends seamlessly into its natural surrounds through the extravagant use of glass showing both the coastal views and the sandstone on which the home is built. This is paired with the heady use of limestone floors — fully heated throughout the home — and exposed concrete beams creating a light, calming, neutral palette in the residence.
The open, gleaming upper level of the home sees the seamlessly connected living, dining and kitchen spaces which open out to the terrace via an astonishing 3-metre tall, curved sliding door custom-engineered by A&G and built to cyclone standards.
The kitchen is fitted with custom joinery and sees European appliances and a 5-metre single piece stainless steel benchtop.
The home’s lowest level sees a double lock-up garage paired with a laundry and wet bar (complete with wine storage), a living area and spare bedroom. It’s here one side of the property is flanked by a glass feature that showcases the sandstone.
This area leads outside to the unique garden with level lawn and sundrenched saltwater heated pool, covered entertaining area and built-in barbecue.
From here one can either take the Domus lift, which services each floor, or the polished concrete staircase to the entry-level which houses the accommodation.
It’s here one finds the master suite which is complete by an expansive ensuite, finished with Boyd Alternatives bathtub and vanities and custom joinery that extends into the walk-in dresser.
Further, this level sees another bathroom, a study and two bedrooms. While other mod-cons include a ducted vacuum system, zoned air conditioning and a Sonos sound system throughout the home.
The listing is with Goodyer Real Estate’s Pauline Goodyer (+61 411 521 888), and while there is no price guide given for this home Robb Report understands the recent sale of the 27 Thompson Street for $25.5 million is being referenced. Goodyer.com.au
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Capital cities lead the way as median home values see clear upswing
2 min
Home values continue their upwards trajectory, recording the strongest monthly growth in 18 months, CoreLogic data shows.
The property data provider reports that their Home Value Index has noted a third consecutive rise in values in May, accelerating 1.2 percent over the past month. This is on the back of a 0.6 percent increase in March and 0.5 percent rise in April.
Sydney recorded the strongest results, up 1.8 percent, the highest recorded in the city since September 2021. The fall in Sydney’s home values bottomed in January but have since accelerated sharply by 4.8 percent, adding $48,390 to the median dwelling value.
Melbourne recorded more modest gains, with home values increasing by 0.9 percent, bringing the total rise this quarter to 1.6 percent. It was the smaller capitals of Brisbane (up 1.4 percent) and Perth (up 1.3 percent) that reported stronger gains.
CoreLogic research director Tim Lawless said the lack of housing stock was an obvious influence on the growing values.
“Advertised listings trended lower through May with roughly 1,800 fewer capital city homes advertised for sale relative to the end of April. Inventory levels are -15.3 percent lower than they were at the same time last year and -24.4 percent below the previous five-year average for this time of year,” he said.
“With such a short supply of available housing stock, buyers are becoming more competitive and there’s an element of FOMO creeping into the market.
“Amid increased competition, auction clearance rates have trended higher, holding at 70 percent or above over the past three weeks. For private treaty sales, homes are selling faster and with less vendor discounting.”
Vendor discounting has been a feature in some parts of the country, particularly prestige regional areas that saw rapid price rises during the pandemic – and subsequent falls as people returned to the workplace in major centres.
The CoreLogic Home Value Index reports while prices appear to have found the floor in regional areas, the pace of recovery has been slower.
“Although regional home values are trending higher, the rate of gain hasn’t kept pace with the capitals. Over the past three months, growth in the combined capitals index was more than triple the pace of growth seen across the combined regionals at 2.8% and 0.8% respectively,” Mr Lawless said.
“Although advertised housing supply remains tight across regional Australia, demand from net overseas migration is less substantial. ABS data points to around 15% of Australia’s net overseas migration being centred in the regions each year. Additionally, a slowdown in internal migration rates across the regions has helped to ease the demand side pressures on housing.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
