Riverside living and contemporary style meet in this secret Sydney enclave
This property draws back the curtain on stylish family living and city convenience
2 min
Putney is one of those suburbs in Sydney that can go under the radar. Positioned near the better known and possibly more desirable neighbourhood of Hunters Hill, it is ideally located along the Parramatta River with easy access to ferries, waterfront parks and Ryde Shopping Centre. While the adjacent suburb of Gladesville has an abundance of apartments, contemporary family homes can be harder to find.
Like many more coveted parts of the city, it is also experiencing a renewal of housing stock, as evidenced by this contemporary home at 111 Charles Street. Last sold in 2018 for $2.15m, the property on a 670.3sqm site has been transformed from a single storey 1970s brick residence into a five-bedroom, four-bathroom resort style home.
Interior and exterior spaces have been treated as one, with an integrated alfresco, pool and outdoor entertaining area to the rear surrounded by well-maintained gardens.
An architect’s eye is obvious in this design, with careful attention paid to access to natural light, including double height voids over the formal living area at the front of the house, as well as the open plan living space at the rear. While finishes, including natural stone and glass balustrading, add a sense of luxury, custom designed joinery and Miele appliances ensure it is a highly functional family home.
All bedrooms are on the upper floor, with a spacious master suite with dressing room leading into the ensuite, as well as three additional bedrooms, including one with an additional ensuite.
At a time when trades are difficult to pin down and construction costs are still a concern, this property offers considered contemporary living with nothing to do. For Sydneysiders, it doesn’t get much better than that.
Address: 111 Charles Street Putney
Price Guide: $5.25 million
Auction: 9.45am August 26
Agent: Lee Dowdall Property Partner leedowdall@theagency.com.au 0408 690 921
Stephanie O’Sullivan Property Partner stephanieosullivan@theagency.com.au 0419 485 504
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.
