PROPERTY OF THE WEEK: 5 Hume Avenue, Wentworth Falls
2 min
Wentworth Falls and its environs are some of the most sought-after regions in the Blue Mountains. Known for its resplendent beauty and historic charm, the suburb offers an idyllic lifestyle that many dream of. With its serene environment, easy access to amenities, and rich history, it’s a location that offers both convenience and tranquillity.
This property at 5 Hume Avenue, known as “Ryeworth”, offers a rare opportunity to own a piece of history. This stunning north-facing, high-set, single-level, circa 1879 character cottage is steeped in local history and embodies everything you love about mountain retreats.
The first thing to be noted about this historic four-bedroom, three-bathroom cottage is its meticulous preservation and modern updates, which create a harmonious blend of old-world charm and contemporary comfort. Privately set on an enormous 2,666sqm block, the property is approved for sub-division, offering future owners the potential to create additional living spaces or even new homes on the land.
Elegantly appointed living spaces include two king-sized bedrooms with fireplaces, the primary with an ensuite. The formal lounge and dining rooms each feature their own fireplaces, adding to the home’s antiquated appeal. The third bedroom includes a built-in robe, and the home also boasts a generous kitchen and family bathroom. At the rear, the fourth bedroom, third bathroom, and laundry provide versatile living options.
The home’s features are a testament to its period allure: a timber-panelled country-style kitchen with a feature original wood-fired cooker, quality stainless steel appliances with natural gas cooktop, and a walk-in pantry. Central heating, a wood-burning combustion fireplace, and three open fireplaces ensure comfort throughout. Gorgeous period features include soaring 10.5-foot ceilings with ceiling roses and ornate cornices, timber floors with tall skirtings, chair rails, timber windows, leadlight and French timber doors, pull cord lights, and federation brass switches.
The front bullnose veranda is the perfect place to relax and watch the world go by, while the large rear undercover area is ideal for family BBQs and entertaining friends. The established gardens are easy to maintain, and the grassy 2,666sqm fenced yard with two street frontages (rear vehicle access via Fitzstubbs Ave), double carport, and two garden sheds, approved for sub-division (1300sqm & 1366sqm lots), offers a myriad of possibilities.
For those who have been searching for the right home opportunity, “Ryeworth” could signal the end of your search. Located in one of Wentworth Falls’ most picturesque and sought-after streets, it’s a historic gem with modern conveniences.
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Address: 5 Hume Avenue, Wentworth Falls, NSW
Price guide: On Request
Agent: Glen Power (0413 330 949)
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
Excluding the Covid-19 pandemic period, annual growth was the lowest since 1992
2 min
Australia’s commodity-rich economy recorded its weakest growth momentum since the early 1990s in the second quarter, as consumers and businesses continued to feel the impact of high interest rates, with little expectation of a reprieve from the Reserve Bank of Australia in the near term.
The economy grew 0.2% in the second quarter from the first, with annual growth running at 1.0%, the Australian Bureau of Statistics said Wednesday. The results were in line with market expectations.
It was the 11th consecutive quarter of growth, although the economy slowed sharply over the year to June 30, the ABS said.
Excluding the Covid-19 pandemic period, annual growth was the lowest since 1992, the year that included a gradual recovery from a recession in 1991.
The economy remained in a deep per capita recession, with gross domestic product per capita falling 0.4% from the previous quarter, a sixth consecutive quarterly fall, the ABS said.
A big area of weakness in the economy was household spending, which fell 0.2% from the first quarter, detracting 0.1 percentage point from GDP growth.
On a yearly basis, consumption growth came in at just 0.5% in the second quarter, well below the 1.1% figure the RBA had expected, and was broad-based.
The soft growth report comes as the RBA continues to warn that inflation remains stubbornly high, ruling out near-term interest-rate cuts.
RBA Gov. Michele Bullock said last month that near-term rate cuts aren’t being considered.
Money markets have priced in a cut at the end of this year, while most economists expect that the RBA will stand pat until early 2025.
Treasurer Jim Chalmers has warned this week that high interest rates are “smashing the economy.”
Still, with income tax cuts delivered at the start of July, there are some expectations that consumers will be in a better position to spend in the third quarter, reviving the economy to some degree.
“Output has now grown at 0.2% for three consecutive quarters now. That leaves little doubt that the economy is growing well below potential,” said Abhijit Surya, economist at Capital Economics.
“But if activity does continue to disappoint, the RBA could well cut interest rates sooner,” Surya added.
Government spending rose 1.4% over the quarter, due in part to strength in social-benefits programs for health services, the ABS said.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
