Prestige Property: Two Roads, Maleny, QLD
A modern hinterland masterpiece offered for the first time.
2 min
Two Roads is a peerless, multi award-winning masterpiece of grand scale set on 185 acres of the Queensland Sunshine Coast’s hinterland.
Located in the hills behind Maleny, it is the first time the HIA 2016 Queensland Home of the Year has been offered to the market.
Boasting an intense sense of privacy – with views over the Witta and Curramore Ranges – the 15000sqm, 6-bedroom, 4-bathroom, 7-car garage home is a mere seven-minute drive from the heart of Maleny.
Taking its design cues from the opulent retreats found on the South Island of New Zealand, the exterior of the home sees Alpine granite and Buffalo granite used as the prevailing materials.
Inside, the home uses a select palette of polished concrete and stained hardwood flooring alongside New Guinea Rosewood feature ceilings and dark-stained hardwood shiplap cladding.
The kitchen features European appliances and a polished concrete benchtop with a separate concealed butler’s pantry adjacent.
Large glass doors combine the indoors to the outdoors, with the wraparound veranda, alfresco dining area and large pool featured outside.
Throughout the home one can expect a plethora of living and entertaining spaces – including a large games room and commercial sized gym – office, library guest room and temperature-controlled 1000 bottle wine cellar.
Adding elevated appeal to the home is the use of gas fireplaces dotted throughout the home.
Solar panels are used throughout the property to heat the alongside and Envirocycle system and rainwater tanks capable of holding 300,000 litres to ensure the home tracks towards becoming environmentally neutral.
Further, the grounds are privy to a full-size floodlit tennis court with spectator seating, Olympic size dressage area and helicopter landing site.
These features are further coupled with two self-contained luxury eco-cabins and a renovated 3-bedroom manager’s cottage.
Elsewhere on the property is manicured gardens, pastures, native rainforest, kilometres of walking trails, multiple waterfalls and swimming holes.
As a working farm, it currently has 45 head of cattle, five horses and stockyard, sheds and machinery.
There are few properties in Australia like it.
The listing is with Mosaic Property Group’s Deon Calder (+61 400 551 635); POA.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Philip Lowe’s comments come amid property industry concerns about pressures on mortgage holders and rising rents
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Leaders in Australia’s property industry are calling on the RBA to hit the pause button on further interest rate rises following yesterday’s announcement to raise the cash rate to 4.1 percent.
CEO of the REINSW, Tim McKibbin, said it was time to let the 12 interest rate rises since May last year take effect.
“The REINSW would like to see the RBA hit pause and allow the 12 rate rises to date work their way through the economy. Property prices have rebounded because of supply and demand. I think that will continue with the rate rise,” said Mr McKibbin.
The Real Estate Institute of Australia today released its Housing Affordability Report for the March 2023 quarter which showed that in NSW, the proportion of family income required to meet the average loan repayments has risen to 55 percent, up from 44.5 percent a year ago.
Chief economist at Ray White, Nerida Conisbee, said while this latest increase would probably not push Australia into a recession, it had major implications for the housing market and the needs of ordinary Australians.
“As more countries head into recession, at this point, it does look like the RBA’s “narrow path” will get us through while taming inflation,” she said.
“In the meantime however, it is creating a headache for renters, buyers and new housing supply that is going to take many years to resolve.
“And every interest rate rise is extending that pain.”
In a speech to guests at Morgan Stanley’s Australia Summit released today, Governor Philip Lowe addressed the RBA board’s ‘narrow path’ approach, navigating continued economic growth while pushing inflation from its current level of 6.8 percent down to a more acceptable level of 2 to 3 percent.
“It is still possible to navigate this path and our ambition is to do so,” Mr Lowe said. “But it is a narrow path and likely to be a bumpy one, with risks on both sides.”
However, he said the alternative is persistent high inflation, which would do the national economy more damage in the longer term.
“If inflation stays high for too long, it will become ingrained in people’s expectations and high inflation will then be self-perpetuating,” he said. “As the historical experiences shows, the inevitable result of this would be even higher interest rates and, at some point, a larger increase in unemployment to get rid of the ingrained inflation.
“The Board’s priority is to do what it can to avoid this.”
While acknowledging that another rate rise would adversely affect many households, Mr Lowe said it was unavoidable if inflation was to be tamed.
“It is certainly true that if the Board had not lifted interest rates as it has done, some households would have avoided, for a short period, the financial pressures that come with higher mortgage rates,” he said.
“But this short-term gain would have been at a much higher medium-term cost. If we had not tightened monetary policy, the cost of living would be higher for longer. This would hurt all Australians and the functioning of our economy and would ultimately require even higher interest rates to bring inflation back down.
“So, as difficult as it is, the rise in interest rates is necessary to bring inflation back to target in a reasonable timeframe.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
