Research Shows House Prices Without COVID-19
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Research Shows House Prices Without COVID-19

A new report indicates the pandemic may have boosted house prices nationwide.

By Terry Christodoulou
Tue, Jul 13, 2021 2:19pmGrey Clock < 1 min

Australia’s property prices have risen at an alarmingly fast rate in the last 12 months. However, a new report from KPMG Economics indicates that property prices would’ve been lower than the current market should COVID-19 never have happened.

According to the report, The Impact of COVID on Australia’s Residential Property Market,  most capital cities were due for a significant uptick last year. That scheduled rise combined with ultra-low interest rates and government support to the housing market during the pandemic further stoked prices – adding hundreds of thousands of dollars to property values.

The report assessed the past 18 months compared to a no COVID-19 scenario and found that nationwide, house prices were between 4-12% higher and units up by 13% compared to what they would’ve been in a state of normalcy.

The report cites measures such as pushing the cash rate down to 0.1 per cent and introducing the HomeBuilder program as specific catalysts.

Further, the report by KPMG shows without the pandemic, house prices in Sydney would’ve risen by 13% to 1,119,000 by December 2023. They are now on track to rise 26% to 1,244,000.

Elsewhere, Brisbane’s house prices would have risen by 9% instead of the predicted 20% and Melbourne’s prices 19% instead of 24%.

Darwin was the only capital where house prices were modelled to fall – now is set to have a modest increase.



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Property of the week: 59 Augustine St, Hunters Hill, NSW

A heritage-listed Federation estate with tennis court, pool and studio, Marika offers timeless elegance and modern family living in the heart of Hunters Hill.

By Kirsten Craze
Fri, Apr 18, 2025 2 min

A grand old dame who has stood the test of time, Marika is a slice of Hunters Hill heritage transformed for modern-day living. 

Meticulously renovated between 1981 and 1983, with several updates since, Marika made it onto the heritage register in 1999 just in time to signal a new millennium. Today, the modernised mansion is on the market with an auction price guide of $7.5 million, marketed through BresicWhitney’s Nicholas McEvoy. 

“The home is a fantastic opportunity for a discerning buyer to get a grand family estate-style property, with a pool, tennis court and grounds, for a price that’s much more affordable than expected,” McEvoy says. 

Sitting pretty on the corner of Augustine St and Ryde Rd, the stately Federation residence  occupies a sprawling 2472sq m block, which was once part of a 30-acre land grant handed to Frederick Augustus Hayne in 1835. In 1902, he sold it to Dr Leopold Augustus Carter, a local dentist. Two years later, Marika, then known as “Ryde”, appeared in the famed Sands Directory – the social media of its era – a symbol of its architectural significance. 

Surrounded by manicured gardens with sculpted hedges, a pool and full tennis court, Marika is a prime example of Federation style with contemporary elements.  

Inside, the single-level five-bedroom home showcases intricate craftsmanship, from its decorative gables, period archways and bay windows to the coloured glass panels on multiple doors and windows. Elegant formal rooms have high ornate ceilings that are a preserved nod to Marika’s past, while the more modern spaces are relaxed family-friendly zones. 

Thanks to a pavilion-style addition, the L-shaped layout measures 450sq m internally and wraps around a central courtyard that plays host to the alfresco dining terrace and pool, while a wide veranda frames the original front rooms of the house.  

Primary living spaces, including the dining area with integrated bar, open to the great outdoors via stacker doors and the 21st century kitchen has a large island bench and a butler’s pantry with hidden access to the triple lock up garage. There is also a dedicated media room, a library or home office, plus a separate family room with a beautiful bay window. 

All bedrooms feature built-ins while the main retreat, and a second bedroom, have shower ensuites. The shared bathroom houses convenient twin vanities and a freestanding bathtub. 

Beyond the interiors, Marika delivers resort amenities with a full-sized, floodlit tennis court, the pool, barbecue terrace and a self-contained studio apartment with the added bonus of Harbour Bridge glimpses. 

Added extras include a converted loft storage space, a large laundry with side yard access, ducted air conditioning, multiple fireplaces, solar panels with a battery backup and modern insulation. 

Accessed via Augustine St, Marika is close to St Joseph’s College, Boronia Park shops, local ovals and city transport. 

Marika at 59 Augustine St, Hunters Hill is set to go under the hammer on April 26, on site at 9am with a price guide of $7.5 million. The listing is with Nicholas McEvoy and Narelle Scott of BresicWhitney Hunters Hill. 

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