The Ultimate Beach House Hits The Market
Metres from Whale Beach comes this expansive 3-storey home.
2 min
Perched on a dazzling north aspect from an exclusive oceanfront position comes this rare opportunity to own a luxurious and contemporary residence in Whale Beach.
Offering clean lines and elegant interiors that are bathed in sunlight, the three-level 5-bedroom, 5-bathroom, 4-car garage home frames the panoramic views across Whale Beach and the Pacific Ocean — views that characterise this quintessential beach house.
Within, the home sees a fluid open-plan layout that seamlessly combines indoors and out through the use of vast decking and lush gardens as an extension of the living space.
The space is anchored by an impressive kitchen that features premium appliances and a butler’s pantry. The result is a home that’s functional in its approach while still breaking into distinct living areas.
The home sees gleaming hardwood floors underfoot and bears witness to custom built-in joinery, gas fireplace and banks of sliding stacker doors that open from end-to-end.
Outside, the decking is extensive, running the full length of the home — in order to soak in those coastal views — there are multiple sitting areas and a fire-pit corner.
The upper-level houses four of the bedrooms and sees the expansive master suite on the corner, the latter complete with a large wrap-around balcony, walk-in-robe and ensuite. Each of the bedrooms opens out to the decking.
On the lower level, which offers access to the sub-floor, comes the fifth, guest bedroom, which is complemented by a wet bar and bathroom alongside the ensuite while an adjoining rumpus (which can be turned into a sixth bedroom) is accompanied by yet another bathroom.
The home is 100-metres from the surf, sand and rockpool and is set in the most exclusive cul-de-sac position on Whale Beach.
The property is listed with David Edwards (+61 415 440 044) of LJ Hooker Palm Beach. Price guide; $14,000,000.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Capital cities lead the way as median home values see clear upswing
2 min
Home values continue their upwards trajectory, recording the strongest monthly growth in 18 months, CoreLogic data shows.
The property data provider reports that their Home Value Index has noted a third consecutive rise in values in May, accelerating 1.2 percent over the past month. This is on the back of a 0.6 percent increase in March and 0.5 percent rise in April.
Sydney recorded the strongest results, up 1.8 percent, the highest recorded in the city since September 2021. The fall in Sydney’s home values bottomed in January but have since accelerated sharply by 4.8 percent, adding $48,390 to the median dwelling value.
Melbourne recorded more modest gains, with home values increasing by 0.9 percent, bringing the total rise this quarter to 1.6 percent. It was the smaller capitals of Brisbane (up 1.4 percent) and Perth (up 1.3 percent) that reported stronger gains.
CoreLogic research director Tim Lawless said the lack of housing stock was an obvious influence on the growing values.
“Advertised listings trended lower through May with roughly 1,800 fewer capital city homes advertised for sale relative to the end of April. Inventory levels are -15.3 percent lower than they were at the same time last year and -24.4 percent below the previous five-year average for this time of year,” he said.
“With such a short supply of available housing stock, buyers are becoming more competitive and there’s an element of FOMO creeping into the market.
“Amid increased competition, auction clearance rates have trended higher, holding at 70 percent or above over the past three weeks. For private treaty sales, homes are selling faster and with less vendor discounting.”
Vendor discounting has been a feature in some parts of the country, particularly prestige regional areas that saw rapid price rises during the pandemic – and subsequent falls as people returned to the workplace in major centres.
The CoreLogic Home Value Index reports while prices appear to have found the floor in regional areas, the pace of recovery has been slower.
“Although regional home values are trending higher, the rate of gain hasn’t kept pace with the capitals. Over the past three months, growth in the combined capitals index was more than triple the pace of growth seen across the combined regionals at 2.8% and 0.8% respectively,” Mr Lawless said.
“Although advertised housing supply remains tight across regional Australia, demand from net overseas migration is less substantial. ABS data points to around 15% of Australia’s net overseas migration being centred in the regions each year. Additionally, a slowdown in internal migration rates across the regions has helped to ease the demand side pressures on housing.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
