Prestige Property: 2090 The Circle, Sanctuary Cove, QLD
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Prestige Property: 2090 The Circle, Sanctuary Cove, QLD

25-metres of waterfront in one of the Gold Coast’s most wanted suburbs.

By Terry Christodoulou
Fri, Jan 21, 2022 2:48pmGrey Clock < 1 min

This private compound presents the ultimate statement in contemporary luxury, boasting 25-metres of waterfront attached to one of Sanctuary Cove’s finest residences.

The 4-bedroom, 5-bathroom, 4-car garage home is located on 1129sqm of prime real estate, north-facing to the deepwater surrounds of Sanctuary Cove.

Here, the home features soaring ceilings, solid concrete construction and views through the foyer to the water — setting the scene upon entry.

Designed to maximise its north-facing location, the residence is bright and airy combining tropical themes with floor-ceiling glass doors, teak and sandstone throughout.

The open plan living space hosts a gourmet kitchen at its core complete with European appliances, marble finishes and a butler’s pantry.

Complementing the main living area is a collection of other living zones including space for a billiards table, the luxury bar (complete with marble) and the covered outdoor entertaining area that features an in-built BBQ and fridges that leads to the infinity pool.

Central to the home is the use of sandstone which culminates in the circular stairwell that leads to the bedrooms. The accommodation is akin to a hotel, with all bedrooms ensuited and complete with views while lavish master suite sees an ensuite, dressing room, terrace and adult’s retreat.

Elsewhere the home is privy to an executive office and a multi-purpose room ideal for a teenager’s retreat, fifth bedroom or gym.

Further additions to the home include access to a private mooring, bespoke wine cellar, gas fireplace and built-in sound system outdoors.

The listing is with Ray White Prestige Gold Coast’s Matt Gates (+61 404 444 439), POA. rwsp.net

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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.

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