Property Of The Week: 6 Desaumarez St, Kensington Park, SA
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Property Of The Week: 6 Desaumarez St, Kensington Park, SA

An inviting character home heads to auction.

By Terry Christodoulou
Wed, May 26, 2021 2:28pmGrey Clock < 1 min

Located on the quiet, English Oak tree-lined Desaumarez street in the eastern suburbs hot spot of Adelaide’s Kensington Park is this warm, character residence reborn.

Built circa 1926, the home has been extensively renovated and sees 3-bedrooms, 2-bathrooms and 1-garage.

On arrival, one notes the privacy offered through manicured hedges and the handbuilt wooden slate gate. Here, entering into the driveway is a Japanese inspired, professionally landscaped garden, replete with Volcanic Basalt pavers, walls and feature boulders.

Upon entry, the home’s charm and immediate warmth is apparent – provided by the polished Tasmanian Oak floorboards and the sunny aspect.

The home meanders from room to room – echoing the kind of serenity found in the gardens. Here, a wide entrance – replete with feature lighting – guides one through to the dining area, which overlooks the established gardens.

The main living spaces are home to a custom “library wall”, gas fireplace in the main lounge, and German designed Paarhammer custom tilt-and turn windows.

It’s also here the kitchen lands, complete with Falcon gas cooker, oven, overhead pot filler and Miele appliances.

A Sonos audio system serves the rear garden, kitchen and dining area, bathroom and main bedroom.

The home is also privy to three bedrooms, with the master bedroom complete with built-in robe, more custom joinery (which houses VAF speakers).

Kensington Park is close to The Parade’s boutique shops, cafes, cinemas, Burnside Village, Marryatville shopping precinct and elite schools including Pembroke, Marryatville and Norwood Morialta.

The listing is headed to auction on June 5 and is managed by Stephanie Williams (+61 413 874 888) of Williams Real Estate.


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Australian house values continue to fall – but the pace of decline has slowed
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By WILL PARKER 23/11/2022
Swanning by the park in Sydney’s west
Australian house values continue to fall – but the pace of decline has slowed

Data reveals house values have continued to decrease, but the rate has slowed as the RBA Board prepares to meet next week

Thu, Dec 1, 2022 2 min

House values continued to fall last month, but the pace of decline has slowed, CoreLogic reports.

In signs that the RBA’s aggressive approach to monetary policy is making an impact, CoreLogic’s Home Value Index reveals national dwelling values fell -1.0 percent in November, marking the smallest monthly decline since June.

The drop represents a -7.0 percent decline – or about $53,400 –  since the peak value recorded in April 2022. Research director at CoreLogic, Tim Lawless, said the Sydney and Melbourne markets are leading the way, with the capital cities experiencing the most significant falls. But it’s not all bad news for homeowners.

“Three months ago, Sydney housing values were falling at the monthly rate of -2.3 percent,” he said. “That has now reduced by a full percentage point to a decline of -1.3 percent in November.  In July, Melbourne home values were down -1.5 percent over the month, with the monthly decline almost halving last month to -0.8%.”

The rate of decline has also slowed in the smaller capitals, he said.  

“Potentially we are seeing the initial uncertainty around buying in a higher interest rate environment wearing off, while persistently low advertised stock levels have likely contributed to this trend towards smaller value falls,” Mr Lawless said. “However, it’s fair to say housing risk remains skewed to the downside while interest rates are still rising and household balance sheets become more thinly stretched.” 

The RBA has raised the cash rate from 0.10 in April  to 2.85 in November. The board is due to meet again next week, with most experts still predicting a further increase in the cash rate of 25 basis points despite the fall in house values.

Mr Lawless said if interest rates continue to increase, there is potential for declines to ‘reaccelerate’.

“Next year will be a particular test of serviceability and housing market stability, as the record-low fixed rate terms secured in 2021 start to expire,” Mr Lawless said.

Statistics released by the Australian Bureau of Statistics this week also reveal a slowdown in the rate of inflation last month, as higher mortgage repayments and cost of living pressures bite into household budgets.

However, ABS data reveals ongoing labour shortages and high levels of construction continues to fuel higher prices for new housing, although the rate of price growth eased in September and October. 


Take a look at what the capital has to offer.

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