This exclusive Sydney property with an unmatched architectural pedigree is up for sale | Kanebridge News
Kanebridge News
Share Button

This exclusive Sydney property with an unmatched architectural pedigree is up for sale

The house has hit the market for the first time in 50 years, but it comes with a caveat or two

By Robyn Willis
Thu, Nov 10, 2022 9:40amGrey Clock < 1 min

A rare architectural gem has hit the market for the first time in 50 years. Fishwick House, designed by legendary architect Walter Burley Griffin in 1929, is located in Castlecrag on Sydney’s lower north shore, the estate American-born Burley Griffin and his wife, fellow architect Marion Mahony developed in the 1920s.

The four-bedroom, two-bathroom home set within a well-maintained native garden – also originally designed by Burley Griffin – is so exclusive, the vendors have requested that the address not be made public.

The house is being offered through real estate agency Modern House, which specialises in the sale of mid century homes. Director Marcus Lloyd-Jones says Fishwick House represents many of the ideals Burley Griffin – who was also responsible for the urban design of Canberra –  and Mahony extolled about integrating the house into the landscape, maximising natural light and the functionality of the floorplan.

The fully restored two-storey home includes a spacious reception area, a dramatic sandstone fireplace and sunken study. Timber detailing and exposed sandstone have been beautifully maintained, while the master bedroom with curved window on the upper floor has a sense of living among the trees.

The house, which also enjoys extensive views of Middle Harbour, beyond its bushland setting, has been carefully restored and is included on the NSW State Heritage Register. It is the only house in Sydney built in the first half the of the 20th century and still a private residence to be listed at all three levels of government. It is considered one of the most important Burley Griffin buildings, not just in Australia, but the US.

 

Pictures: Tamara Graham

 

Address: On request

Price guide: $5.7m to $6.1m

Agent: Marcus Lloyd-Jones at Modern House 0424 005 531 

More information: https://www.fishwickhouse.org/

MOST POPULAR

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

Related Stories
Property
The Australian capital setting a new record for property value falls
By KANEBRIDGE NEWS 30/01/2023
Property
Home Buyers Get Ahead of Supply-Chain Issues by Purchasing the House and Everything Inside
By KATHERINE CLARKE 30/01/2023
Lifestyle
Where Are Stocks, Bonds and Crypto Headed Next? Five Investors Look Into Crystal Ball
By CAITLIN MCCABE 30/01/2023
The Australian capital setting a new record for property value falls

Property values have fallen hard and fast in this popular city, but it’s done little to dent pandemic rises

By KANEBRIDGE NEWS
Mon, Jan 30, 2023 2 min

Highest property values, biggest dip the next. That’s the outcome for Australia’s northernmost capital on the east coast, with Brisbane property values recording their largest and fastest decline, data from Corelogic reveals.

The fall comes just seven months after values hit their peak after a population surge driven by the pandemic saw an increase of 43 percent. Home values hit a record high on June 19, 2022 but have since declined 10.9 percent, in parallel with eight consecutive interest rate rises since April last year.

Historically, peak-to-trough declines in Brisbane have lasted 14 months and have ranged from value drops of -2.9 percent to -10.8 percent. While the new record is just -0.1 percent compared with previous figures, that fall came over 21 months between April 2010 and January 2012. The latest decline was a much swifter seven month drop.

CoreLogic head of research Eliza Owen said it is worth putting the Brisbane figures into context with the rest of Australia’s capital cities, as well as considering the significant rise in property values in the Queensland capital over the pandemic.

“Brisbane now stands out as one of two capital city markets with record declines, the other being Hobart,” Ms Owen said. “Sydney continues to have the largest peak-to-trough falls of the capital city markets (currently at -13.8 percent), while peak-to-tough falls remain mild in some cities (such as Perth, where values are down just -1.0 percent from a recent peak in August 2022).” 

“The record fall in Brisbane home values has not made much of a dent in the gains made during the upswing. The fall in the Brisbane daily HVI follows an upswing of 43.5 percent between August 2020 and 19 June 2022, which was the fastest trajectory of rising values on record. This leaves home values across Brisbane 27.9 percent higher than at the previous trough in August 2020.” 

The median dwelling value in Brisbane jumped from $506,553 at the start of the pandemic in March 2020 to $707,658 by the end of last year, Ms Owen said.

“Despite the large decline from peak, Brisbane maintains the third highest gain in value of the capital cities since the start of the pandemic,” she said. 

“Only Adelaide and Darwin, which are 42.8 percent and 29.6 percent higher respectively than at the onset of the pandemic, have performed stronger. 

“For this reason, there is marginal risk of negative equity for Brisbane homeowners, with the exception of very recent buyers, who purchased around the peak in June 2022 with less than a 20 percent deposit.” 

However, there are signs of resilience in the market. Brisbane remains a more affordable option compared with the other east coast capitals, Ms Owen said.

Although housing values remain higher than pre-COVID levels, Brisbane retains a lower price point than Sydney, with a $435,170 difference in median house values and $280,749 difference in median unit values,” she said. 

“The gap between Brisbane and Melbourne housing values is also significant, with a $119,697 gap between median house values and $97,692 difference in median unit values.

“This could encourage ongoing housing demand from those willing to migrate to the state, or own an interstate investment.” 

MOST POPULAR

Take a look at what the capital has to offer.

An influx of people could calm future volatility.

0
    Your Cart
    Your cart is emptyReturn to Shop