Prestige Property: 325 Woolooware Road, Burraneer, NSW
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Prestige Property: 325 Woolooware Road, Burraneer, NSW

Step Inside Nautilus, an expansive residence claimed to be ‘Australia’s finest home’.

By Terry Christodoulou
Fri, Jul 16, 2021 2:03pmGrey Clock 2 min

Introducing Nautilus, the pinnacle of luxury living and entertaining on the exclusive Burraneer Bay peninsular,

Set within an enclave of elite homes lining the pristine waters of Sydney’s Sutherland Shire comes this former HIA and MBA house of the year.

Located on four premium foreshore blacks totalling 4387sqm and boasting 3965sqm of internal space across six levels – Nautilus is uncompromising in its approach to luxury living.

With 7-bedrooms, 19-bathrooms, 2 guest pavilions and space for 20 cars, the home’s list of amenities is seemingly endless. With two guest pavilions, a commercial-grade bar, dual full-size championship bowling alleys, tiered home cinema, premium gym (with dedicated yoga and Pilates areas), 2000-bottle cellar, archery range, day spa with Turkish steam room, and three internal separate lifts is spread throughout the residence

Further, the home is fitted with six different kitchens, including a dedicated space for teppanyaki – giving owners plenty of options for entertaining.

That’s not to say liveability is not at the forefront of Nautilus’ design with the master suite complete with a limestone ensuite, with steam shower and sunken bath, a secluded retreat, safe room, dressing room and laundry.

There’s also plenty of substance to match the home’s grand scale, with limestone tiling, sandstone feature walls, timber flooring, marble finishes and the spiral staircase mimicking the shell for which the home is named.

Outside, the home boasts multiple designated areas for lounging, alongside the 25-metre lap pool (solar heated, of course) that flanks the property, and a private beach and marina – the latter featuring a slipway for a 37-foot boat, wharfing and docking area, floating pontoon, waterfront crane and deep water mooring for a 78ft vessel.

As if that wasn’t enough the grounds of the property house a sporting field, self-contained boathouse, beachfront cabana and two firepits and is accessible by the ‘bat cave’ ensuring no steps have to be taken to reach the beach.

The location sees it a 10-15 minute walk to local cafes, and a 5-minute drive to the heart of Cronulla and allows one to make the most of the Sutherland Shire’s coastal lifestyle.

The home is listed with David Highland of Highland Real Estate (+61 405 735 735) and Bill Malouf of LJ Hooker Double Bay (+61 411 428 354). Price guide, $50 million;


Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts

Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

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Hong Kong Takes Drastic Action to Avert Property Slump

The city’s real-estate market has been hurt by high interest rates and mainland China’s economic slowdown

Fri, Mar 1, 2024 3 min

Hong Kong has taken a bold step to ease a real-estate slump, scrapping a series of property taxes in an effort to turn around a market that is often seen as a proxy for the city’s beleaguered economy.

The government has removed longstanding property taxes that were imposed on nonpermanent residents, those buying a second home, or people reselling a property within two years after buying, Financial Secretary Paul Chan said in his annual budget speech on Wednesday.

The move is an attempt to revive a property market that is still one of the most expensive in the world, but that has been badly shaken by social unrest, the fallout of the government’s strict approach to containing Covid-19 and the slowdown of China’s economy . Hong Kong’s high interest rates, which track U.S. rates due to its currency peg,  have increased the pressure .

The decision to ease the tax burden could encourage more buying from people in mainland China, who have been a driving force in Hong Kong’s property market for years. Chinese tycoons, squeezed by problems at home, have  in some cases become forced sellers  of Hong Kong real estate—dealing major damage to the luxury segment.

Hong Kong’s super luxury homes  have lost more than a quarter of their value  since the middle of 2022.

The additional taxes were introduced in a series of announcements starting in 2010, when the government was focused on cooling down soaring home prices that had made Hong Kong one of the world’s least affordable property markets. They are all in the form of stamp duty, a tax imposed on property sales.

“The relevant measures are no longer necessary amidst the current economic and market conditions,” Chan said.

The tax cuts will lead to more buying and support prices in the coming months, said Eddie Kwok, senior director of valuation and advisory services at CBRE Hong Kong, a property consultant. But in the longer term, the market will remain sensitive to the level of interest rates and developers may still need to lower their prices to attract demand thanks to a stockpile of new homes, he said.

Hong Kong’s authorities had already relaxed rules last year to help revive the market, allowing home buyers to pay less upfront when buying certain properties, and cutting by half the taxes for those buying a second property and for home purchases by foreigners. By the end of 2023, the price index for private homes reached a seven-year low, according to Hong Kong’s Rating and Valuation Department.

The city’s monetary authority relaxed mortgage rules further on Wednesday, allowing potential buyers to borrow more for homes valued at around $4 million.

The shares of Hong Kong’s property developers jumped after the announcement, defying a selloff in the wider market. New World Development , Sun Hung Kai Properties and Henderson Land Development were higher in afternoon trading, clawing back some of their losses from a slide in their stock prices this year.

The city’s budget deficit will widen to about $13 billion in the coming fiscal year, which starts on April 1. That is larger than expected, Chan said. Revenues from land sales and leases, an important source of government income, will fall to about $2.5 billion, about $8.4 billion lower than the original estimate and far lower than the previous year, according to Chan.

The sweeping property measures are part of broader plans by Hong Kong’s government to prop up the city amid competition from Singapore and elsewhere. Stringent pandemic controls and anxieties about Beijing’s political crackdown led to  an exodus of local residents and foreigners  from the Asian financial centre.

But tens of thousands of Chinese nationals have arrived in the past year, the result of Hong Kong  rolling out new visa rules aimed at luring talent in 2022.


Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts

Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

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