Prestige Property: Quamby Estate, Hagley, TAS
Kanebridge News
Share Button

Prestige Property: Quamby Estate, Hagley, TAS

One of Australia’s most historic homes hits the market.

By Terry Christodoulou
Fri, May 21, 2021 2:35pmGrey Clock 2 min

Quamby Estate has adopted diverse and distinguished roles in the rural, cultural and political life of Tasmania.

The historic manse – which dates back to 1828 – remains as one of Australia’s most desirable family homes.

The 10-bedroom, 10-bathroom, 5-car parking pile is surrounded by some 64-hectares of prime farming land, ideal for those who prize privacy, and are searching for a comprehensive escape from city life.

The picturesque homestead – built in an Anglo-colonial style – is a  heady mix of art and architectural wonder with an elegant flagstone paved verandah wrapping around the residence to the north and east – bringing beautiful light to the home.

With a distant view of Ben Lomond plateau the house enjoys double-hipped roods and attics and is structured around a transverse hall. Aside from the ballroom, which was added later, the principal rooms open directly onto the verandah through eight-pane French doors in pairs with transom lights.

Upon entry one is led into the hall which sees two evocative reception rooms – each embodying the home’s classic character with French doors and fireplaces and a library wedged between.  

Elsewhere, the dining room’s soaring ceiling, floorboards and generous proportions are ideal for entertaining with an adjoining bar and fireplace adding a layer of intimacy to the residence.

The kitchen – which is built to a commercial quality – ensures Quamby has indeed, moved with the times.

The expansive residence is privy to 10 bedrooms, each accompanied by a sophisticated ensuite.

However, the estate is not limited to the historic homestead, with Quamby including its own manicured nine-hole golf course (yes it has its own golf course), complete with its own clubhouse delivered in a converted stables building.

Further Quamby’s light-filled function room, Georgian era coach house and extensive farm outbuildings play to the estate’s adaptability, with many hosting weddings on the grounds.   

Built for Sir Richard Dry, who became the first Australian born state premier, the home sits just 10 minutes from the township of Hagley, and only 30 minutes from Launceston.

The listing is with Knight Frank Tasmania’s Sam Woolcock (+61 400 813 033). Price guide, $8-$10 million; knighfranktasmania.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
11 ACRES ROAD, KELLYVILLE, NSW

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

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

Related Stories
Money
The benefits – and costs – of working from home
By KANEBRIDGE NEWS 14/12/2023
Money
The Six Months That Short-Circuited the Electric-Vehicle Revolution
By MIKE COLIAS 15/02/2024
Money
The top Australian super funds of 2023 revealed
By Bronwyn Allen 30/01/2024
0
    Your Cart
    Your cart is emptyReturn to Shop