Prestige Property: 74 Bacton Road, Chandler, QLD
Lose yourself to this home’s boundless features.
2 min
A lot of what’s written about property is a litany of superlatives. While here at Robb Report we’re acutely aware of that, what is on offer here in the leafy outskirts of Brisbane is an unrivalled lifestyle offering set amongst the bushland of Bacton.
Large is an understatement with the home located on one hectare and offering a total of 2850sqm of living areas. This is comprised of the main residence – complete with 6-bedroom and 6-bathrooms – as well as a separate 2-bedroom, 2-bathroom guest residence, entertainment house and accommodation for up to 35 cars.
Firstly, the main residence’s first floor sees its own 2-car garage private study and formal lounge upon entry. From here, the home opens up to the free-flowing kitchen, family dining, terrace and alfresco space.
The kitchen is the heart of the home and sees a marble breakfast bar, Gaggenau appliances and a concealed butler’s pantry with temperature-controlled wine storage.
Also on this level – adjoining the family dining room – is a bedroom, with ensuite, music room, games room, home theatre, gym, indoor sauna and spar.
Upstairs is where the bulk of the accommodation is found, with the five remaining bedrooms of the main residence located and all complete with ensuites. The master suite has access to its own large balcony, luxurious ensuite – complete with Italian imported bathtub – and ‘his’ and ‘hers’ dresser.
The home is an entertainer’s dream, combining fun with luxury and sheer size. As we head outside of the main residence, past the alfresco dining area replete with an indoor Japanese Teppanyaki BBQ, we are greeted with the expansive pool and outdoor spa area.
From here, the yard steps down to the pool terrace and outdoor amphitheatre and cinema – a truly unique addition to the home, alongside yet another BBQ zone. Also here is a full-size tennis court which doubles as a basketball court and soccer field.
Further comes the home’s garage area, which is capable of housing 35 cars. It’s off the garage that the large ‘arcade’ is found alongside a mancave, gold simulator and bar. Above the garage sees two offices, kitchenette and bathroom.
Elsewhere on the property comes a two-bedroom flat, with kitchen and bathroom alongside yet another gym.
The home boasts plenty of technology, with a number of screens and smart features controlled throughout the house by a Savant system alongside 35 security cameras monitoring the property.
The home is with Heath Williams of Place, New Farm (+61 403 876 115); POA. Eplace.com
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
New research suggests spending 40 percent of household income on loan repayments is the new normal
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.
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
