CELEBRITY BUILDER GRAYA UNVEILS PADDINGTON MASTERPIECE

Paddington’s skyline has a new star. A collaboration between celebrity builder Graya and award-winning architect Joe Adsett, this recently completed luxury residence is turning heads with its commanding city views, sculptural design and extensive list of high-end features.

Now on the market with Ray White New Farm agents Matt Lancashire and Josh Brown, the five-bedroom home is one of only a handful of private commissions by Graya, better known for creating showpiece addresses for Brisbane’s sporting and social elite.

The two-storey residence with iconic city views has no official price guide, given Queensland’s restrictions on pricing, but the latest sale on Reading Street, Paddington, was made in April when a four-bedroom house on 562 sq m sold for $4.38 million.

Sitting on a much larger 810sq m block, Skyline is one of the rare private residences by Graya among a handful of homes built for Brisbane’s most famous residents.

The high-profile firm is known for creating show-stopping houses for VIP clients, including footballer Darius Boyd and his wife Kayla, Wallaby Israel Folau, basketballer Aron Baynes and model Erin McNaught and her husband, rapper Example.

Brothers Andrew and Rob Gray, the celebrity builders behind Graya Constructions, have also just wrapped on the landmark project Kloud at Palm Beach. The Gold Coast development includes an apartment bought off the plan by globetrotting tennis legend Ash Barty and a palatial penthouse that just fetched $9.1 million after only 15 on the market.

Graya-built homes have been making headlines for their impressive resale value during a Brisbane housing boom. In June, a Mediterranean-inspired Hamilton home built by the brothers turned a $4 million profit in just 12 months when it sold for $12.5 million.

Skyline’s 20m frontage cuts an impressive figure and, thanks to the sloping block, captures a sweeping panorama of the city.

Crafted using a palette of stone and timber, the house has a long list of luxury fittings and finishes throughout as well as grand walls of glass to frame the views and draw in loads of natural light.

The L-shaped footprint features an open plan living and dining zone off the gourmet kitchen, which houses Miele appliances, a vast eat-at island bench, and a butler’s pantry.

This everyday space flows seamlessly into an outdoor kitchen on the covered terrace, a large, level lawn, and a unique heated infinity pool and spa, designed by Jack Boyd and recognised as a Master Builders Award finalist.

Upstairs, the accommodation level is home to a spacious main bedroom suite with a private balcony, a dual shower en-suite with a freestanding tub, plus a walk-in wardrobe with a skylight.

A gallery-style mezzanine walkway creates a double-height void below and leads to three more bedrooms, two with en-suites. There is also a home office with built-in desks, a gym space with storage and another balcony.

Additional features of the Paddington house include an entry-level guest room with an ensuite and built-ins, a separate media room, a mud room, laundry with a chute and drying court, a four-car lock-up garage, an outdoor shower, a fire pit, a Control4 smart home system, extensive security, irrigation, and solar.

Skyline is close to cafes, restaurants, boutiques and galleries, as well as multiple sought-after schools.

Skyline at 9 Reading St, Paddington is listed via an expressions of interest campaign closing on September 12 at 5pm.

Australia’s rental market has reached a new milestone, with national median advertised rents climbing to a record $670 per week in the June quarter as prices continued to rise across every capital city.

New data from realestate.com.au shows national rents increased 3.1 per cent over the quarter and 6.4 per cent over the past year, while capital city rents rose 2.2 per cent over the quarter to a median of $690 per week, up $10 from the March quarter.

REA Group economist Luc Redman said rental price growth had continued despite a small increase in vacancy rates.

“National median rents reached a new high in the June quarter, with widespread price growth across the capitals,” he said.

“The rent increases occurred despite a small increase in the rental vacancy rate over the same period.”

Melbourne and Perth recorded the strongest quarterly growth among the capitals, with rents increasing 3.5 per cent in each city. On an annual basis, Perth led the nation with rental growth of 10.3 per cent, followed by Hobart at 9.1 per cent and Darwin at 7.7 per cent.

Sydney remained Australia’s most expensive city for renters, with a median advertised rent of $800 per week, while Melbourne and Hobart were the most affordable capital cities at $600 per week.

Regional markets were more subdued, with rents holding steady over the quarter but remaining 5.3 per cent higher than a year ago, suggesting the rapid pace of growth outside the capitals has eased.

Mr Redman said the full impact of the Federal Budget’s changes to investor tax settings was yet to be seen.

“The May Federal Budget, which announced sweeping changes to investor tax settings, occurred in the middle of the quarter, so the full impact on the rental market is yet to be seen,” he said.

“While the vacancy rate has edged higher, the expected decrease in investor demand due to the budget’s tax changes could slow the pace of new supply, putting further pressure on rents.”

The report also found house rents continued to outpace units, rising 2.9 per cent across capital cities over the quarter compared with 1.5 per cent for units. Melbourne was the only capital where renting a unit was more expensive than renting a house, reflecting demand for well-located apartments.

CELEBRITY BUILDER GRAYA UNVEILS PADDINGTON MASTERPIECE

A striking new build in Paddington, Skyline pairs Graya’s trademark craftsmanship with Joe Adsett’s award-winning design.

Australia’s median advertised rent has climbed to a record high, with every capital city recording quarterly price growth despite a slight lift in vacancy rates.