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Step Inside Melbourne’s Marble House

The Toorak property features a bold, contemporary interior.

By Kanebridge News
Fri, Jun 17, 2022Grey 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; marshallwhite.com.au

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30 metres of water frontage across a 1733sqm block.

By Kanebridge News
Fri, Jun 24, 2022 < 1 min

With views up the coastline to the NSW central coast comes this magnificent double oceanfront block — a rare setting for the ultimate family holiday retreat.

Boasting level lawns that spill down to 30-metre of ocean frontage, the 1733sqm plot plays host to a three-level 5-bedroom, 4-bathroom, 2-car garage home in one of Whale Beach’s most tightly held cul-de-sacs.

A contemporary masterclass in style, the home showcases free-flowing spaces with glass-wrapped interiors in a layout that accommodates family and friends.

Within the main living spaces comes a state-of-the-art kitchen with Calacatta marble and stainless-steel benchtops accompanied by a full suite of Gaggenau appliances and a separate walk-in cool room.

Other living zones found on the ground level include a games room and sun-drenched terrace with its own Miele appointed kitchen.

Outside sees a 15-metre resort style pool to soak up the sun and watery views, while the poolside studio is fully self-contained and perfect for extra weekend guests.

Accommodation is comprised of three luxurious ensuite bedrooms — of which several open directly to the terraces. The master bedroom has access to the home office, large walk-in-robe and cellar or store room.

Further luxurious additions to the home include a gym, jacuzzi, pizza oven, BBQ and Ecosmart fireplace.

The listing is with LJ Hooker Palm Beach’s David Edwards 0415 440 044 with the POA. palmbeach.ljhooker.com.au

It comes as falling volumes and declining prices reflected a weakness likely to continue in the established homes market.

By Kanebridge News
Wed, Jun 22, 2022 < 1 min

The nation’s housing sales fell by $8 billion in the three months to March when compared to the previous quarter according to data provider CoreLogic’s quarterly Pain & Gain report.

It comes as falling volumes and declining prices reflected a weakness likely to continue in the established homes market.

The fall in nominal profits from $38 billion in December echoed the decline in loss-making sales to $261 million from $355 million. Declines in housing values only kicked in after the March quarter, with the extent of loss-making sales predicted to increase.

CoreLogic’s analysis of 106,000 establish home sales in the March quarter showed the proportion of profit-making sales fell to 92.7% from the December quarter’s 94% peak figure.

The March quarter saw the first time profitable housing sales fell in a year and a half — unit profitability declining faster than houses.

The pandemic was the last cause of such a decline, in the three months to August 2020.

The major markets of Sydney and Melbourne are the cities most at risk due to higher interest rates, and therefore made the biggest contribution to loss-making sales over the quarter — the rate of unprofitable sales in both cities rising to 4.8%.

 Hobart was the city with the highest proportion of profit-making sales for the 15th straight quarter. Just 1 per cent of the Tasmanian capital’s sales made a loss in the March quarter, down from 1.6 per cent in December. 

Further the report fleshes out the different pace of growth between houses and apartments that has made units more affordable into the March quarter. Between the onset of Covid-19 in March 20202 and this year’s March quarter, combined capital city house values rose 25.8% compared to units at 10.6%.

As part of the NSW government’s budget, changes have been made to the tax.

By Kanebridge News
Tue, Jun 21, 2022 2 min

NSW first home buyers will be given the choice to pay stamp duty or an annual land tax under a major reform by the Perrottet government in a test to move away from transfer duties.

In Dominic Perrottet’s first budget as the NSW premier, he has proposed an overhaul of property and housing taxes.

Under the new $730 million property tax plan — that sits at the core of the NSW Budget — first home buyers will have the option of paying the upfront cost of stamp duty, or an annual property tax payment of $400 plus 0.3% of the land value of the property. It will be available on homes valued at less than $1.5 million.

Ahead of the budget, Mr Perrottet said the initiative is aimed at aiding first-home buyers get into the market.

“We want to lower the barriers to owning a home for first home buyers seeking a place of their own,” Mr Perrottet said. “In the past two decades, the share of first home buyers under 35 years of age has declined from 67 per cent to 61 per cent.”

The scheme put forward by the Liberal state government is the second of its kind in the country, with the ACT halfway through a 20-year transition away from stamp duty. There, once a buyer accepts the land tax option it is permanently removed from the stamp duty system.

The NSW model will differ from the ACT scheme in that homes can revert to stamp duty once they are sold to a new owner.

Legislation for the new plan will be introduced into parliament in the second half of the yar, with eligible first home buyers to apply to opt into the program from January 16 in 2023. Any home buyers who purchase in between the laws being passed and the program coming into effect will be able to have their stamp duty payments refunded.