Sydney’s ‘Villa Florida’ Is On The Market
This historic waterfront pile could now be yours.
2 min
Offering true waterfront, 12 Tivoli Avenue, Rose Bay, Sydney – built-in 1928 – is set across 1290sqm and is ready for sale.
Enjoying an extensive refresh courtesy of acclaimed architect Michael Suttor, the three-storey, 7-bedroom, 9-bathroom, 4-car parking residence – affectionately named ‘Villa Florida’ – offers an elusive street-to-waterfront property with views of Sydney Harbour.
Suttor and his team restored the home beyond its former glory, making use of its architectural features – such as the arched windows, a pitched cathedral ceiling, wrought iron balcony details and a jaw-dropping spiral staircase – drawing a line heightened levels of ‘European’ luxury.
The home sees a manicured courtyard area usher you into the approx. 930sqm home. Inside, the residence is replete with a combination of parquetry flooring, travertine limestone tiling and sandstone finishes alongside Venetian plastering finished in beeswax.
On the lower ground floor sits the billiard room, family room and kitchen, fitted with European appliances, granite benchtops and custom cabinetry.
Also on the lower ground floor are two bedrooms, each complete with an ensuite, accompanied by a further bedroom and access to the terrace.
Up the aforementioned spiral staircase to the ground floor lands the master suite which features a walk-in-robe and ensuite with access to a private balcony and the sunroom providing further water views through the arched windows. A further two bedrooms are also found on this level.
Elsewhere, on the ground floor, arrives the formal dining and living, complete with a working stone fireplace and another kitchen – with finishes coordinating with the downstairs offering.
Throughout the expansive residence, the nine bathrooms feature mosaic tiling and travertine limestone flooring with granite details.
Upstairs further to the first floor sees a further two bedrooms and a library that is accompanied by a large sandstone terrace that has capacity for 200 people.
Outside, the sandstone adorned pool loggia arrives with a bathroom and chef’s kitchen. Here, the terraced gardens guide you down to the water’s edge allowing the owner to soak in the best of what Sydney has to offer.
The listing is with Black Diamondz Property Concierge’s Monika Tu (+61 409 898 888) and Jad Khatta (+61 432 669 287). Price guide $45 million.
Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Ray White’s chief economist outlines her predictions for housing market trends in 2024
2 min
Ray White’s chief economist, Nerida Conisbee says property price growth will continue next year and mortgage holders will need to “survive until 2025” amid expectations of higher interest rates for longer.
Ms Conisbee said strong population growth and a housing supply shortage combatted the impact of rising interest rates in 2023, leading to unusually strong price growth during a rate hiking cycle. The latest CoreLogic data shows home values have increased by more than 10 percent in the year to date in Sydney, Brisbane and Perth. Among the regional markets, price growth has been strongest in regional South Australia with 8.6 percent growth and regional Queensland at 6.9 percent growth.
“As interest rates head close to peak, it is expected that price growth will continue. At this point, housing supply remains extremely low and many people that would be new home buyers are being pushed into the established market,” Ms Conisbee said. “Big jumps in rents are pushing more first home buyers into the market and population growth is continuing to be strong.”
Ms Conisbee said interest rates will be higher for longer due to sticky inflation. “… we are unlikely to see a rate cut until late 2024 or early 2025. This means mortgage holders need to survive until 2025, paying far more on their home loans than they did two years ago.”
Buyers in coastal areas currently have a window of opportunity to take advantage of softer prices, Ms Conisbee said. “Look out for beach house bargains over summer but you need to move quick. In many beachside holiday destinations, we saw a sharp rise in properties for sale and a corresponding fall in prices. This was driven by many pandemic driven holiday home purchases coming back on to the market.”
3 key housing market trends for 2024
Here are three of Ms Conisbee’s predictions for the key housing market trends of 2024.
Luxury apartment market to soar
Ms Conisbee said the types of apartments being built have changed dramatically amid more people choosing to live in apartments longer-term and Australia’s ageing population downsizing. “Demand is increasing for much larger, higher quality, more expensive developments. This has resulted in the most expensive apartments in Australia seeing price increases more than double those of an average priced apartment. This year, fewer apartments being built, growing population and a desire to live in some of Australia’s most sought-after inner urban areas will lead to a boom in luxury apartment demand.”
Homes to become even greener
The rising costs of energy and the health impacts of heat are two new factors driving interest in green homes, Ms Conisbee said. “Having a greener home utilising solar and batteries makes it cheaper to run air conditioning, heaters and pool pumps. We are heading into a particularly hot summer and having homes that are difficult to cool down makes them far more dangerous for the elderly and very young.”
More people living alone
For some time now, long-term social changes such as delayed marriage and an ageing population have led to more people living alone. However, Ms Conisbee points out that the pandemic also showed that many people prefer to live alone for lifestyle reasons. “Shorter term, the pandemic has shown that given the chance, many people prefer to live alone with a record increase in single-person households during the time. This trend may influence housing preferences, with a potential rise in demand for smaller dwellings and properties catering to individuals rather than traditional family units.”
Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
