Prestige Property: 7 Hillside Avenue, Vaucluse, NSW | Kanebridge News
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Prestige Property: 7 Hillside Avenue, Vaucluse, NSW

A rare trophy home in Sydney’s east hits the market.

By Terry Christodoulou
Fri, May 28, 2021 4:13pmGrey Clock 2 min

Set in a truly enviable setting, this hillside pile in Sydney’s blue-ribbon suburb Vaucluse arrives with sweeping vistas of the eastern suburbs and harbour.

Designed by Howard Tanner of DKT architects in the early ’00s, the nearly 2000sqm site sees a 7-bedroom, 7-bathroom, 10-car parking mansion offering unadulterated luxury at every turn.

The home boasts natural stone flooring and timber underfoot, with soaring ceilings and extensive use of glass used to form its character.

Making the most of the home’s lofty location, the design maximises the views and embraces its many courtyards and manicured gardens designed by Paul Bangay.

A grand entry foyer welcomes one into the home, here the double0heigh ceiling is warped in glass while showcasing the grand two-way staircase.

All the living areas are found on the ground floor. Here, the formal dining is elegance exemplified with an ambient gas fireplace and French doors to the gardens.

Also on this level is the kitchen. Built for entertainers, it features a Corian benchtop, enormous island bench, an array of appliances including an eight burner Barazza cooktop. A butlers’ pantry is also found here.

Four spacious bedrooms alongside a family room comprise the upper level. The lavish master boasts a glamorous ensuite – replete with marble – and freestanding bath, ‘his’ and ‘hers’ walk-in-robes, the latter with more breathtaking views.

Downstairs, the basement sees a 10-car garage – perfect for the avid car collector – with an expansive cellar.

Elsewhere the home features a gym on the ground floor, well-appointed office and a separate guest house complete with its own kitchenette, living and bathroom.

Outside is where the home really shines, with a poolside terrace making it easy to lounge and enjoy the surrounds. Here, a powder room is accessible through the terrace and is adjoined by a Wisteria clad arbour.

The home is found in an exclusive cul-de-sac setting and is close to Kincoppal Rose Bay School, Hermitage Foreshore reserve and within walking distance of Rose Bay’s vibrant village centre.

The property is listed with Ken Jacobs (+61 407 190 152) of Christie’s International Real Estate. Price guide $38m; hillsideavenue.cve.io

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Mortgage holders should brace themselves for more pain as the Reserve Bank of Australia board prepares to meet tomorrow 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 suggests 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 would allow the RBA to step back from further rate rises 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 December quarter, the highest it has been since 1990, reflected in higher prices for food, fuel and construction.

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“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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