The Sydney property facing its past in style
This renovation of this estate-style Art Deco property is a masterclass of old meets new
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It’s one of the hottest looks right now, but Art Deco properties as beautiful as this are in short supply.
The residence at 19-21 Ellsmore Avenue in leafy Killara on Sydney’s north shore sits on a 1,517sqm block surrounded by carefully maintained parterre gardens and generous lawns.
Ideal for larger families, there are five bedrooms on offer, including four on street level and a fifth bedroom that could serve as a guest room or in-law accommodation on the lower floor.
With a generous, light-filled entry foyer and multiple living spaces, this is the perfect home for entertaining, whether it’s a casual get together with family or a more formal event.
The back of the house faces north east, with a formal pool the full length of the northern side of the property. There’s also an outdoor kitchen for alfresco dining.
Those accustomed to working from home will also appreciate the spacious home office with views to the garden.
However, while the floorplan ticks all the boxes in terms of practicalities, it’s the original Art Deco features that really set this property apart. Thoughtfully renovated to combine the best of old and new, the full-brick residence has retained, restored and gently updated features such as the curved lines, leadlight glass, coffered ceilings and marble fireplaces.
A state–of-the-art kitchen, floor-to-ceiling curtains, period architraves and a neutral palette recall the glamour of the period, ideally suited to 21st century living.
Located a stone’s throw from Killara Golf Club and within walking distance of schools, Lindfield Station and Harris Farm market, this is one property to keep on the radar.
Address: 19-21 Ellsmore Avenue, Killara
For sale
Open for inspection: 2pm Saturday, February 18
Agent: Jason Roach – 0448 455 556 The Agency, theagency.com.au
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As interest rates, inflation and market sentiment fluctuate, investors are being urged to focus on data, not panic.
Australia’s housing affordability crisis is being fuelled by chronic undersupply, planning delays and rising development costs, as politicians continue to focus on the wrong solutions.
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Australia’s housing crisis will not be solved by first-home buyer incentives or tax changes alone, with leading property figures warning governments must tackle supply constraints if affordability is to improve.
Speaking at the Kanebridge Quarterly Property Leadership Summit in Sydney last week, expert project marketing specialist Sam Elbanna, property investor and fund manager Paul Miron and property consultant Karla McNeice said that a lack of housing supply remained the central issue facing the market.
Elbanna, Director of CPM Realty with more than 30 years’ experience in project sales, argued that successive governments had focused too heavily on stimulating demand rather than addressing the barriers preventing new housing from being delivered.
“The misconception is that politicians think the way to solve the housing crisis is to drive demand,” he said.
“The reality is that’s not the way. This is a supply-side problem, and it needs to be solved on the supply side.”
Drawing on his experience in project sales, Elbanna said policies designed to help first-home buyers often had unintended consequences, pointing to previous grants that ultimately flowed through to higher property prices.
Instead, he said developers were facing increasing red tape, approval delays and rising costs, which were discouraging new housing supply.
“In the absence of stock, demand exceeds supply,” he said.
Miron, a Co-Founder and Fund Manager of Msquared Capital, said the housing debate had become overly focused on tax policy while overlooking broader structural issues.
He argued that affordability challenges stemmed from a combination of factors, including planning constraints, supply shortages, migration levels and interest rates.
“No-one can be 100 per cent certain on the real reason for property prices is going up,” he said.
“The reason why property prices are higher is a combination of interest rates, lack of supply, migration, vacancy rates and maybe taxes play a role.”
Miron was critical of recent federal housing policy changes, warning they could reduce the number of new homes being built and further constrain supply that was even highlighted in the budget.
He also highlighted the importance of the property sector to the broader economy, noting that residential real estate and related industries employed more than one million Australians.
McNeice, who advises developers on sales strategy and market intelligence, said understanding buyers had become increasingly important as affordability pressures intensified.
While affordability remained a major consideration, she said today’s buyers were focused on value rather than simply price.
“People are looking for value for money,” she said.
She said buyers were increasingly evaluating factors such as transport connections, walkability, nearby amenities and flexible living spaces that could accommodate changing family needs.
“What infrastructure is going on? Can I walk to the shops? Can I meet people at the local cafe?” she said.
The panel also discussed the mounting pressures facing developers, with Elbanna arguing that many projects become financially unviable from the moment a site is purchased.
“The viability of a development happens at the moment the site is bought,” he said.
He said rising construction costs, higher interest rates and overly optimistic feasibility assumptions had left some developers exposed as market conditions changed.
While acknowledging the growing number of smaller and first-time developers entering the market, Elbanna said property development required expertise across finance, construction, marketing and legal disciplines.
“It is actually a business that requires a level of expertise,” he said.
Looking ahead, the panel agreed opportunities remained in the market despite current challenges.
Miron said property should continue to be viewed as a long-term investment and cautioned against trying to time short-term market movements.
McNeice said success would increasingly depend on identifying projects that genuinely met changing buyer expectations.
Elbanna said affordable housing remained achievable, but developers needed to deliver more than just homes.
“We can provide affordable housing in this country,” he said.
“But we’ve got to wrap that affordable housing with the things that people want.”
As Australia’s housing affordability debate intensifies, the panellists agreed on one point: without a meaningful increase in housing supply, demand-side measures alone are unlikely to solve the nation’s property challenges.
Australia’s housing market rebounded sharply in 2025, with lower-value suburbs and resource regions driving growth as rate cuts, tight supply and renewed competition reshaped the year.
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