Prestige Property: 4 Lindsay Place, Bicton, WA
Kanebridge News
Share Button

Prestige Property: 4 Lindsay Place, Bicton, WA

A heady combination of supreme architecture and sublime views.

By Terry Christodoulou
Fri, Oct 8, 2021 3:25pmGrey Clock 2 min

Designed by John LeClare Joseph of Superseed Architecture comes this three-level, 560sqm, 4-bedroom, 4-bathroom, 4-car garage pile set on 730sqm of cliff-face.

The spectacular home features uninterrupted water views across the Fremantle Harbour, Rottnest Island and the Indian Ocean  — through swathes of double-glaze windows throughout the home — without forgoing feelings of privacy.

The home takes its design cues from the sleek forms of yachts and features expansive of pacific teak decking and cladding, white-painted steel elements, curved walls and sculptural skylights and ties it to a contemporary, airy feel with streams of light, concrete flooring and intelligent use of stone.

Built to entertain, the home offers numerous zones for hosting including the central balconies and sun halls – accessed by a custom-made sliding door – to create multiple indoor-outdoor spaces.

On the lowest level is a 150sqm alfresco entertaining area complete with built-in barbecue, kitchenette, imported Spanish bricks, a tropical themed landscaped garden, concealed outdoor shower and access to the infinity edge saltwater pool.

Back inside the house, on the uppermost floor is the open-plan living, dining and spacious kitchen – the centrepiece of which is a sculptural stone island complemented by the skylight above.

The home’s accommodation includes four bedroom suites with a guest suite by the pool on the lower level, two bedrooms on the middle level and an ultra-private main suite on the uppermost floor. Here, the main suite offers more views of the river and includes a spacious stone-adorned ensuite, walk-in dressing room with a freestanding bath.

Further additions to the home include a privately located study, with views outward to the river, an internal lift servicing all three levels, large capacity wine cellar and four-car stacker garage with a viewing window.

The home is listed with William Porteous Properties International’s Olivia Porteous (+61 423 557 438); POA. porteous.com.au



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Property
How much income is required to service a mortgage? It depends on where you live
By Bronwyn Allen 25/04/2024
Property
A Dramatic London Home in a Former Chapel That Starred in ‘Call the Midwife’ Is Renting for £39,000 per Month
By LIZ LUCKING 24/04/2024
Property
On the Market for the First Time, This Hamptons Beach House Is Listed for Nearly $26 Million
By CASEY FARMER 23/04/2024
How much income is required to service a mortgage? It depends on where you live

New research suggests spending 40 percent of household income on loan repayments is the new normal

By Bronwyn Allen
Thu, Apr 25, 2024 3 min

Requiring more than 30 percent of household income to service a home loan has long been considered the benchmark for ‘housing stress’. Yet research shows it is becoming the new normal. The 2024 ANZ CoreLogic Housing Affordability Report reveals home loans on only 17 percent of homes are ‘serviceable’ if serviceability is limited to 30 percent of the median national household income.

Based on 40 percent of household income, just 37 percent of properties would be serviceable on a mortgage covering 80 percent of the purchase price. ANZ CoreLogic suggest 40 may be the new 30 when it comes to home loan serviceability. “Looking ahead, there is little prospect for the mortgage serviceability indicator to move back into the 30 percent range any time soon,” says the report.

“This is because the cash rate is not expected to be cut until late 2024, and home values have continued to rise, even amid relatively high interest rate settings.” ANZ CoreLogic estimate that home loan rates would have to fall to about 4.7 percent to bring serviceability under 40 percent.

CoreLogic has broken down the actual household income required to service a home loan on a 6.27 percent interest rate for an 80 percent loan based on current median house and unit values in each capital city. As expected, affordability is worst in the most expensive property market, Sydney.

Sydney

Sydney’s median house price is $1,414,229 and the median unit price is $839,344.

Based on 40 percent serviceability, households need a total income of $211,456 to afford a home loan for a house and $125,499 for a unit. The city’s actual median household income is $120,554.

Melbourne

Melbourne’s median house price is $935,049 and the median apartment price is $612,906.

Based on 40 percent serviceability, households need a total income of $139,809 to afford a home loan for a house and $91,642 for a unit. The city’s actual median household income is $110,324.

Brisbane

Brisbane’s median house price is $909,988 and the median unit price is $587,793.

Based on 40 percent serviceability, households need a total income of $136,062 to afford a home loan for a house and $87,887 for a unit. The city’s actual median household income is $107,243.

Adelaide

Adelaide’s median house price is $785,971 and the median apartment price is $504,799.

Based on 40 percent serviceability, households need a total income of $117,519 to afford a home loan for a house and $75,478 for a unit. The city’s actual median household income is $89,806.

Perth

Perth’s median house price is $735,276 and the median unit price is $495,360.

Based on 40 percent serviceability, households need a total income of $109,939 to afford a home loan for a house and $74,066 for a unit. The city’s actual median household income is $108,057.

Hobart

Hobart’s median house price is $692,951 and the median apartment price is $522,258.

Based on 40 percent serviceability, households need a total income of $103,610 to afford a home loan for a house and $78,088 for a unit. The city’s actual median household income is $89,515.

Darwin

Darwin’s median house price is $573,498 and the median unit price is $367,716.

Based on 40 percent serviceability, households need a total income of $85,750 to afford a home loan for a house and $54,981 for a unit. The city’s actual median household income is $126,193.

Canberra

Canberra’s median house price is $964,136 and the median apartment price is $585,057.

Based on 40 percent serviceability, households need a total income of $144,158 to afford a home loan for a house and $87,478 for a unit. The city’s actual median household income is $137,760.

 

MOST POPULAR
35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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

Related Stories
Money
The Big Work Lie: Being Indispensable Will Save Your Job
By CALLUM BORCHERS 07/04/2024
Money
Australian shoppers adopt new strategy for Boxing Day sales
By KANEBRIDGE NEWS 20/12/2023
Money
Sweden Has a Caffeinated Secret to Happiness at Work
By ANNE MARIE CHAKER 07/02/2024
0
    Your Cart
    Your cart is emptyReturn to Shop