Prestige Property: 26 Hobbs Avenue, Dalkeith, WA | Kanebridge News
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Prestige Property: 26 Hobbs Avenue, Dalkeith, WA

A stunning contemporary home in Perth’s dress circle.

By Terry Christodoulou
Fri, Jun 11, 2021 4:10pmGrey Clock 1 min

Driving through the iron gates and up the semi-circular driveway, one is immediately greeted by the sense of scale and enviable luxury provided by this contemporary residence.

The two-storey, 6-bedroom, 6-bathroom, 7-car parking pile features gallery-inspired interiors with porcelain flooring complemented by parquetry-herringbone walnut flooring and Venetian plasterwork throughout.

Moreover, a glamourous blend of granite surfaces and white gloss cabinetry draws one into the kitchen, hosting a full suite of European appliances and a scullery, it is equipped for the largest of soirees.

Soaring ceiling heights demarcates the grand spaces of the home, highlighting three separate living areas split across the two-level home including the library or formal lounge and a first-level winter retreat. Elsewhere, the home is privy to a contained theatre with a split-level design and top-of-the-line surround sound.

However, the residences entertaining ability is where it really shines, with the outdoor, north-facing alfresco dining area complete with an inground swimming pool and built-in barbecue/kitchen. Here, space is accessed seamlessly via completely retractable glass walls.

Away from the bustle of the main quarters, the home’s main bedroom suite is replete with a palatial ‘his’ and ‘hers’ dressing room and glamorously appointed marble-finished ensuite.

A further five bedrooms – including a guest suite and separate pool house – all feature private walk-in robes and ensuite bathrooms, which complete the accommodation.

The home is fitted with three gas fireplaces throughout and many mod-cons including a Savant system home automation, security system, parking for seven vehicles, including the four-car garage,

Within a 2-minute walk of Swan River and desirable proximity to Claremont Quarter and some of Perth’s finest private schools, this luxurious home is found in the enviable Dalkeith, 20 minutes to Perth’s CBD.

The listing is with Ray White Cottesloe Mosman Park’s Jody Fewster (+61 414 688 988), POA. rwcmp.com.au

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Amid looming rate rises, there are reasons to be cheerful as mortgage holders head into 2023

By KANEBRIDGE NEWS
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Mortgage holders should brace themselves for more pain as the Reserve Bank of Australia board prepares to meet this afternoon for the first time this year.

Most economists and the major banks are predicting a rise of 25 basis points will be announced, although the Commonwealth Bank suggested yesterday that the RBA may take the unusual step of a 40 basis point rise to bring the interest rate up to a more conventional 3.5 percent. This could present the RBA with the chance to put further rate rises on hold for the next few months as it assesses the impact of tightening monetary policy on the economy.

The decision by the RBA board to make consecutive rate rises since April last year is an attempt to wrestle inflation down to a more manageable 3 or 4 percent. The Australian Bureau of Statistics reports that the inflation rate rose to 7.8 percent over the 2022 December quarter, the highest it has been since 1990, reflected in higher prices for food, fuel and construction.

Higher interest rates have coincided with falling home values, which Ray White chief economist Nerida Conisbee says are down 6.1 percent in capital cities since peaking in March 2022. The pain has been greatest in Sydney, where prices have dropped 10.8 percent since February last year. Melbourne and Canberra recorded similar, albeit smaller falls, while capitals like Adelaide, which saw property prices fall 1.8 percent, are less affected.

Although prices may continue to decline, Ms Conisbee (below) said there are signs the pace is slowing and that inflation has peaked.

“December inflation came in at 7.8 per cent with construction, travel and electricity costs being the biggest drivers. It is likely that we are now at peak,” Ms Conisbee said. 

“Many of the drivers of high prices are starting to be resolved. Shipping costs are now down almost 90 per cent from their October 2021 peak (as measured by the Baltic Dry Index), while crude oil prices have almost halved from March 2022. China is back open and international migration has started up again. 

“Even construction costs look like they are close to plateau. Importantly, US inflation has pulled back from its peak of 9.1 per cent in June to 6.5 per cent in December, with many of the drivers of inflation in this country similar to Australia.”

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