Prestige Property: Olio Mio Estate, Pokolbin, NSW
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Prestige Property: Olio Mio Estate, Pokolbin, NSW

Own this opulent slice of the Hunter Valley.

By Terry Christodoulou
Fri, Apr 9, 2021 2:59pmGrey Clock 2 min

Olio Milo Estate presents the unique opportunity to acquire an opulent escape nestled into the world-renown Hunter Valley.

Located in Pokolbin, the Hunter Valley’s oldest continuous wine regions, the approximately 63-acre vineyard and olive grove arrives with 8-bedrooms, 6-bathrooms and 4 car parking.

Here, and with Southern European flair, the decadent home is split into 6-bedroom main residence and a separate 2-bedroom guest house.

Once guided up the long palm-lined driveway to the private entrance, the warm invitation of the Tuscan styled residence is immediately felt. The beautifully landscaped grounds feature a swimming pool, mature gardens, an abundance of outdoor entertaining areas – including a pizza oven and alfresco terrace – ideal for entertaining.

Once inside, the southern European charm extends throughout the home with floor to ceiling picture windows capturing panoramic views of Pokolbin valley and large open plan living room – complete with stoneworked wood-burning fireplace – allow you to settle in and relax.

The main residence sees three living areas alongside the kitchen as well as five bedrooms (three with ensuites).

Of the bedrooms, upstairs sees the master retreat, with dressing room, bathroom and sitting room with commanding views of the Pokolbin valley.

The lower level is complete with an office and a cellar – ideal for storing the Stormy Ridge wine the property produces.

The guest house sees interiors of a contemporary style and offers two bedrooms, a kitchen, bathroom and its own private courtyard entrance.

Beyond the spacious accommodation, the property also produces Olio Mio premium olive oil from its grounds and holds a complete olive oil processing plant on site, as well as a six-acre vineyard that produces Stormy Ridge Wines.

Whilst gated and intensely private, the estate is remarkably close to Pokolbin village centre and is roughly 2 hours north of Sydney.

The listing is with Cullen Royle’s Deborah Cullen (+61 401 849 955) and Richard Royle (+61 418 961 575). Price guide, $7.5 million;


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Amid looming rate rises, there are reasons to be cheerful as mortgage holders head into 2023

Mon, Feb 6, 2023 2 min

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.

Higher interest rates have coincided with falling home values, which Ray White chief economist Nerida Conisbee says are down 6.1 percent in capital cities since peaking in March 2022. The pain has been greatest in Sydney, where prices have dropped 10.8 percent since February last year. Melbourne and Canberra recorded similar, albeit smaller falls, while capitals like Adelaide, which saw property prices fall 1.8 percent, are less affected.

Although prices may continue to decline, Ms Conisbee (below) said there are signs the pace is slowing and that inflation has peaked.

“December inflation came in at 7.8 per cent with construction, travel and electricity costs being the biggest drivers. It is likely that we are now at peak,” Ms Conisbee said. 

“Many of the drivers of high prices are starting to be resolved. Shipping costs are now down almost 90 per cent from their October 2021 peak (as measured by the Baltic Dry Index), while crude oil prices have almost halved from March 2022. China is back open and international migration has started up again. 

“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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Becoming Australia’s most expensive property sale of 2021.

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