Step Inside Melbourne's Marble House
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Step Inside Melbourne’s Marble House

The Toorak property features a bold, contemporary interior.

By Kanebridge News
Fri, Jun 17, 2022 3:42pmGrey Clock 2 min

Grey needn’t be boring.

Here, on 89 Grange Road, in the coveted suburb of Toorak, comes a luxurious residence that proves just that through a pure expression of scale, proportion and light designed by Conrad Architects and Lauren Tarrant Design.

The 5-bedroom, 5-bathroom, 5-car garage is set on a 676sqm parcel with entry granted through a secure gatehouse, here, a walled garden creates a sense of privacy and seclusion.

When entering the home, one is greeted by incredible CBD views and an opulent statement staircase cascading through every level.

The home flows luxuriously from room to room, with generous proportions found in each space while the gourmet kitchen (with Vagli Oro marble benchtop and butlers pantry) is appointed with Wolf & Gaggenau appliances forming the centrepiece of the living, dining and entertaining area.

Marble is the dominant material used throughout the home, adorning not only the aforementioned kitchen, but the floors with Grigio Orsola marble flowing seamlessly with the expansive outdoor entertaining terrace.

It’s here the home offers further CBD skyline views and a spectacular infinity pool and reflection pond. The outdoor area is paved with Calacatta limestone and features a built-in outdoor Beefeater BBQ.

The home offers 5-bedrooms on the upper level with an opulent main bedroom suite _ complete with and expansive walk-in-robe that leads to luxurious ensuite fitted with dual shower and adorned in further marble matching the kitchen benchtop.

Also here is a further three bedrooms including the option for a bedroom or further rumpus with access to a sunken courtyard.

Atop this level is a further retreat with access to a rooftop terrace and barbecue and outdoor firepit.

Elsewhere, on the basement level comes a gym and wellness retreat, a steam room and fully fitted wine room while a lift services all levels.

The listing is with Marcus Chiminello (+61 411 411 271) and Sonja Sendin (+61 406 811 040) of Marshall White Stonnington. Price guide of $15 million – $16.5 million;


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Amid looming rate rises, there are reasons to be cheerful as mortgage holders head into 2023

Mon, Feb 6, 2023 2 min

Mortgage holders should brace themselves for more pain as the Reserve Bank of Australia board prepares to meet tomorrow for the first time this year.

Most economists and the major banks are predicting a rise of 25 basis points will be announced, although the Commonwealth Bank suggests that the RBA may take the unusual step of a 40 basis point rise to bring the interest rate up to a more conventional 3.5 percent. This would allow the RBA to step back from further rate rises for the next few months as it assesses the impact of tightening monetary policy on the economy.

The decision by the RBA board to make consecutive rate rises since April last year is an attempt to wrestle inflation down to a more manageable 3 or 4 percent. The Australian Bureau of Statistics reports that the inflation rate rose to 7.8 percent over the December quarter, the highest it has been since 1990, reflected in higher prices for food, fuel and construction.

Higher interest rates have coincided with falling home values, which Ray White chief economist Nerida Conisbee says are down 6.1 percent in capital cities since peaking in March 2022. The pain has been greatest in Sydney, where prices have dropped 10.8 percent since February last year. Melbourne and Canberra recorded similar, albeit smaller falls, while capitals like Adelaide, which saw property prices fall 1.8 percent, are less affected.

Although prices may continue to decline, Ms Conisbee (below) said there are signs the pace is slowing and that inflation has peaked.

“December inflation came in at 7.8 per cent with construction, travel and electricity costs being the biggest drivers. It is likely that we are now at peak,” Ms Conisbee said. 

“Many of the drivers of high prices are starting to be resolved. Shipping costs are now down almost 90 per cent from their October 2021 peak (as measured by the Baltic Dry Index), while crude oil prices have almost halved from March 2022. China is back open and international migration has started up again. 

“Even construction costs look like they are close to plateau. Importantly, US inflation has pulled back from its peak of 9.1 per cent in June to 6.5 per cent in December, with many of the drivers of inflation in this country similar to Australia.”

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