What $1 Million Buys In The Capitals | Kanebridge News
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What $1 Million Buys In The Capitals

What this ‘median’ 7-figure price tag scores across Australia.

By Kanebridge News
Fri, Jul 16, 2021 9:36amGrey Clock 4 min

Sydney

 122/1 Wattle Crescent, Pyrmont, NSW

This stylish 2-bedroom, 2-bathroom, 1 car parking apartment in the heart of Sydney’s Pyrmont offers outstanding city convenience within a village feel.

Inside the north-facing apartment comes contemporary flooring, high ceiling and generous open plan living and dining with a deep covered balcony.

Further, the kitchen lands with Miele appliances and a stone wrap while the spacious bedrooms feature built-in robes – the master with its own ensuite.

Elsewhere a single security car space is available with a storage cage.

The apartment is close to the famous Sydney Fish Markets and Blackwattle Bay and within walking distance of the CBD.

The listing is with MGM Martin, priced at $1-1.1 million. mgmmartin.com

Perth

13 Kessell Court, Mount Lawley, WA

This stylish city home offers intelligent spaces and modern comforts with no work to be done.

Bright, airy, secure and well designed, the 3-bedroom, 2-bathroom, 2- car parking home is split across two levels.

Here, the well-appointed kitchen, with stainless Smeg appliances, soft-closing drawers is centrally located with a view of both courtyards.

Upstairs sees the bedrooms, with the master suite offering an expansive ensuite with a freestanding bath, shower.

Central to the home is a Japanese style courtyard with a second private courtyard perfect for alfresco entertaining out back.

The home is located nearby to Angove Street café strip, Hyde Park and The Astor with plenty of public transport available to commute to the city.

Approx. 1,050,000, with Ray White City Residential; raywhite.com.au

 

Melbourne

67 Leveson Street, North Melbourne, VIC

Hidden behind a Victorian façade comes this upgraded single fronted terrace with the opportunity for further renovation or extension.

The home arrives with an ornate entrance hall, two bedrooms and a central modern bathroom.

Elsewhere the rear opens up into a stylish and comfortably renovated open plan kitchen and lounge with private leafy courtyard.

It’s here the home features a polished concrete floor, cathedral height ceilings and modern appliances.

On the cusp of Melbourne’s CBD, the home offers the very best of the inner-city lifestyles in one of the worlds most liveable cities

The listing is with W.B Simpson and Son, $919,000. Wbsimpson.com.au

 

Brisbane

102/9 Lambert Street, Kangaroo Point, QLD

Set in an enviable north facing position with expansive water and city views comes this 3-bed, 2-bath, 2-car apartment with a 16-metre frontage to enjoy the scenery.

Inside sees a kitchen crafted with Neff European appliances, abbey tapware, Essastone benchtops, custom walnut cabinetry, luxury floor tiles and wool carpets.

Further, three bedrooms make for a spacious place to live, with the master suite complete with ensuite.

The apartment allows one to enjoy the lifestyle that Kangaroo Point has to offer including riverfront parklands, cafes, restaurants, bars and more.

The listing is with Annie Hayes, price: $1,049,000. montereykangaroopoint.com.au

 

Adelaide

Level 2/23 Peel Street, Adelaide, SA

Planted firmly in the heart of Adelaide’s CBD comes this 3-bedroom, 2-bathroom apartment.

Arriving with high-end fixtures and fittings, the home on Peel Street is complete with wooden floorboards underfoot and exposed brickwork, giving the home an industrial, warehouse conversion appeal.

The apartment offers three generous bedrooms – the master complete with a luxurious walk-in robe and ensuite – the latter replete with a free-standing bath.

The home’s kitchen is the focal point, with modern stainless-steel appliances and a metal bench top elevating the industrial appeal of the home.

Located adjacent to happening Leigh Street, this home is in the thick of Adelaide’s nightlife. With its location exuding nothing but convenience, your choice of pub, restaurant or cafe is mere seconds from your reach.

The listing is with Belle Property Adelaide, $900,000-$963,000. Belleproperty.com

Hobart

22 William Cooper Drive, New Town, TAS

This spectacularly designed home is an eyecatcher.

The creative 3 bedroom, 2 bathrooms, 5 car parking home sees a glamour kitchen complete with matt black cabinetry and Smeg appliances.

Here, the kitchen overlooks the open plan dining and lounge areas.

Elsewhere two additional bedrooms are located on this level – one complete with a walk-in robe, the other a built-in robe.

Upstairs arrives the master bedroom retreat complete with sizeable walk-in robe and generous ensuite.

Further, the beautifully landscaped grounds are low maintenance.

The home is 10 minutes outside of Hobart and is with Exceed Property. (+61 40429707911). Offers from $975,000

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Mortgage holders should brace themselves for more pain as the Reserve Bank of Australia board prepares to meet tomorrow for the first time this year.

Most economists and the major banks are predicting a rise of 25 basis points will be announced, although the Commonwealth Bank suggests that the RBA may take the unusual step of a 40 basis point rise to bring the interest rate up to a more conventional 3.5 percent. This would allow the RBA to step back from further rate rises for the next few months as it assesses the impact of tightening monetary policy on the economy.

The decision by the RBA board to make consecutive rate rises since April last year is an attempt to wrestle inflation down to a more manageable 3 or 4 percent. The Australian Bureau of Statistics reports that the inflation rate rose to 7.8 percent over the December quarter, the highest it has been since 1990, reflected in higher prices for food, fuel and construction.

Higher interest rates have coincided with falling home values, which Ray White chief economist Nerida Conisbee says are down 6.1 percent in capital cities since peaking in March 2022. The pain has been greatest in Sydney, where prices have dropped 10.8 percent since February last year. Melbourne and Canberra recorded similar, albeit smaller falls, while capitals like Adelaide, which saw property prices fall 1.8 percent, are less affected.

Although prices may continue to decline, Ms Conisbee (below) said there are signs the pace is slowing and that inflation has peaked.

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“Many of the drivers of high prices are starting to be resolved. Shipping costs are now down almost 90 per cent from their October 2021 peak (as measured by the Baltic Dry Index), while crude oil prices have almost halved from March 2022. China is back open and international migration has started up again. 

“Even construction costs look like they are close to plateau. Importantly, US inflation has pulled back from its peak of 9.1 per cent in June to 6.5 per cent in December, with many of the drivers of inflation in this country similar to Australia.”

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