The Ultimate Beach House Hits The Market | Kanebridge News
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The Ultimate Beach House Hits The Market

Metres from Whale Beach comes this expansive 3-storey home.

By Terry Christodoulou
Fri, Apr 8, 2022 2:39pmGrey Clock 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.

palmbeach.ljhooker.com.au

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House values continued to fall last month, but the pace of decline has slowed, CoreLogic reports.

In signs that the RBA’s aggressive approach to monetary policy is making an impact, CoreLogic’s Home Value Index reveals national dwelling values fell -1.0 percent in November, marking the smallest monthly decline since June.

The drop represents a -7.0 percent decline – or about $53,400 –  since the peak value recorded in April 2022. Research director at CoreLogic, Tim Lawless, said the Sydney and Melbourne markets are leading the way, with the capital cities experiencing the most significant falls. But it’s not all bad news for homeowners.

“Three months ago, Sydney housing values were falling at the monthly rate of -2.3 percent,” he said. “That has now reduced by a full percentage point to a decline of -1.3 percent in November.  In July, Melbourne home values were down -1.5 percent over the month, with the monthly decline almost halving last month to -0.8%.”

The rate of decline has also slowed in the smaller capitals, he said.  

“Potentially we are seeing the initial uncertainty around buying in a higher interest rate environment wearing off, while persistently low advertised stock levels have likely contributed to this trend towards smaller value falls,” Mr Lawless said. “However, it’s fair to say housing risk remains skewed to the downside while interest rates are still rising and household balance sheets become more thinly stretched.” 

The RBA has raised the cash rate from 0.10 in April  to 2.85 in November. The board is due to meet again next week, with most experts still predicting a further increase in the cash rate of 25 basis points despite the fall in house values.

Mr Lawless said if interest rates continue to increase, there is potential for declines to ‘reaccelerate’.

“Next year will be a particular test of serviceability and housing market stability, as the record-low fixed rate terms secured in 2021 start to expire,” Mr Lawless said.

Statistics released by the Australian Bureau of Statistics this week also reveal a slowdown in the rate of inflation last month, as higher mortgage repayments and cost of living pressures bite into household budgets.

However, ABS data reveals ongoing labour shortages and high levels of construction continues to fuel higher prices for new housing, although the rate of price growth eased in September and October. 

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