Prestige Property: 29 Laidlaw Parade, East Brisbane, QLD
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Prestige Property: 29 Laidlaw Parade, East Brisbane, QLD

Designer living delivered in an incomparable fashion.

By Terry Christodoulou
Fri, Jun 25, 2021 3:52pmGrey Clock 2 min

This opulent manse set on the water’s edge in East Brisbane is arguably one of the cities most prestigious residences.

Combining architectural flair with interior design by the renowned Greg Natale, the home has seen no expense spared in its creation. Here, a heady and timeless combination of black, white and gold themed design indulges in Italian crafted marble, Venetian plaster and brass adornment.

The three-storey, 960sqm, 5-bedroom, 6-bathroom, 4- car parking lands on a gilded, 597sqm plot of inner-city riverfront.

Immediate and imposing is the home’s attention to detail. From brass archways, the mixed-use of steel and glass and vaulted ceilings to the custom-designed furniture by Natale  – which can be included with the purchase of the home – all aspects of the home have been highly considered.

The middle level sees most of the living and entertaining areas including the kitchen – replete with paonazetto marble benchtops, Subzero and Gaggenau appliances alongside a butler’s pantry. Also on this level is a library (or grand piano room), office, powder room, laundry.

Every room has been thoughtfully put together with the use of venetian glass tapware, for example the dining room is wrapped in De Gournay wallpaper and enjoys custom-designed paonazetto marble fireplace.

The upper level sees the bedrooms which all hold their own unique character.

The master bedroom is grand in proportions and is adorned with Gucci wallpaper. It connects to a 10-metre (no, not a typo) walk-in wardrobe inclusive of a floor to ceiling shoe and bag storage.

The other bedrooms also include walk-in robes and ensuites, which follow a similar theme of marble adornment.

Elsewhere, the lower level sees an ornately designed theatre room alongside a wellness centre and living space that flows out to the barbeque terrace, pool and lawn areas.

The rest of this level consists of a guest bedroom, with ensuite and built-in robe, gym, sauna, ice-bath room, steam room, extra storage rooms and space for a wine cellar for the avid wine connoisseur.

All levels are serviced by a lift and curving concrete staircase brandishing a Greg Natale signature steel and brass balustrade.

The exclusive residence arrives with its own jetty on the Brisbane River and is nearby to Mowbray park and Brisbane CBD.

The listing is with Henry Hodge (+61 455 500 035) of Henry Hodge Real Estate; POA.

Henryhodge.com.au



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Property values have experienced strong growth around the country, but there are two highly desirable areas where oversupply is putting downward pressure on sales

By Bronwyn Allen
Tue, Jun 18, 2024 2 min

While property values are rising strongly in most markets across Australia, it’s a vastly different story in Victoria and Tasmania, new data from CoreLogic shows. Over the 12 months to May 31, the median house price lifted just 1.8 percent in Melbourne and fell 0.6 percent in regional Victoria. The median dipped 0.1 percent in Hobart and ticked 0.4 percent higher in regional Tasmania. This is in stark contrast to Perth, where values are up 22 percent, and regional Western Australia, up 14.8 percent; as well as Brisbane, up 16.3 percent, and regional Queensland, up 11.8 percent.

CoreLogic Head of Research, Eliza Owen says an oversupply of homes for sale has weakened prices in Victoria and Tasmania, creating buyers’ markets.

On the supply side, there has been more of a build-up in new listings than usual across Victoria, even where home value performance has been relatively soft,” Ms Owen said. Victoria has also had more dwellings completed than any other state and territory in the past 10 years, keeping a lid on price growth. The additional choice in stock means vendors have to bring down their price expectations, and that brings values down.”

Melbourne dwelling values are now four percent below their record high and Hobart dwelling values are 11.5 percent below their record high. Both records were set more than two years ago in March 2022. The oversupply has also affected how long it takes to sell a property. The median days on market is currently 36 in Melbourne and 45 in Hobart compared to a combined capitals median of 27. It takes 55 days to sell in regional Victoria and 64 days in regional Tasmania compared to a combined regional median of 42 days.

Changes in population patterns have also contributed to higher numbers of homes for sale in recent years. Since COVID began in early 2020, thousands of families have left Melbourne because working from home meant they could buy a bigger property in more affordable areas. While many relocated to regional Victoria, a significant proportion left the state altogether, with South-East Queensland a favoured destination. Meantime, Tasmania’s surge in interstate migration during FY21 was short-lived. Data from the Australian Bureau of Statistics shows the island state has recorded a net loss of residents to other states and territories every quarter since June 2022.

Record overseas migration has more than offset interstate migration losses, thereby keeping Victoria’s and Tasmania’s populations growing. However, the impact of migrants on housing is largely seen in the rental market, so this segment of population gain has done little to support values. Growth in weekly rents has been far stronger than growth in home values over the past year, with rents up 9 percent in Melbourne and 4.8 percent in regional Victoria, and up 1 percent in Hobart and 2.7 percent in regional Tasmania.

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