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This Hunter St property sold for $3.15 million.

Canberra’s appetite for high-end property is showing no signs of abating with the city’s top two sales last week reeling in $6.3 million alone.

The two elite addresses – at 63 Mugga Way, Red Hill and 18 Hunter Street, Yarralumla – each sold for $3.15 million, with numerous bidders vying at each auction on Saturday.

The Red Hill property, set on what Canberrans dub the ‘Golden Mile’, represented a rare opportunity to purchase a 2081sqm landholding with a five-bedroom, original, single-level home in one of the city’s most prestigious enclaves.

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The Hunter St home has five bedrooms.

The Mugga Way home.

Set on an 1800sqm block, the Yarralumla property was of similar ilk with five bedrooms, a swimming pool, outdoor entertaining terrace and garaging for four cars in a blue-chip location.

Mario Sanfrancesco, who marketed 63 Mugga Way, said it appeared buyers in Canberra’s prestige market had been undeterred by the economic fallout of the pandemic.

“The market at the top end is very healthy at the moment,” said Mr Sanfrancesco, from Blackshaw – Manuka. “There’s strong inquiry activity and we’re finding there is a fair bit of interest at that level. It’s probably as active as it’s ever been.”

Mugga Way had five bidders register.

He said 63 Mugga Way attracted five registered bidders on auction day.

“The types of buyers were both live-in owners who might have done something with that property and there was some interest from families who might have rented it for a period and then built a new home there,” he said.

“It’s a substantial parcel of land on what is regarded as Canberra’s ‘Golden Mile’.

“The top three residential sales in Canberra are all in that street. The highest residential sale in Canberra is $8 million and the other two sales are in the $7 millions, so this was a fair offering to get into one of the city’s best streets.”

The Euree St home.

Richard Luton, who sold 18 Hunter Street, said his agency’s auction clearance rates had been almost perfect in recent weeks.

“Last weekend at our auctions we sold eight out of eight, the weekend before we sold eight out of nine and the two weekends before that we sold ten out of ten and nine out of nine,” said Mr Luton, from Luton Properties – Manuka.

“So, there is certainly demand out there. There aren’t hundreds of buyers but there are still good buyers with pre-approved finance.”

This Reid property sold for more than $2 million.

Mr Luton said last Saturday’s auction of 56 Euree Street, Reid netted more than $2 million, another significant sale, but he warned the market was still fickle.

“It’s a good market at the moment, but it depends what happens in spring and if there is a spring rush of properties as to whether this continues,” he said.

“Nationwide, there has been a downturn in the number of listings on the market definitely over winter and we still have so many pre-approved buyers. If the market gets flooded with homes, that could change.”

The post Canberra’s top two weekend sales pull in more than $6 million appeared first on realestate.com.au.

Rooftop views from Caydon Property Group’s Due North development in Preston.

A Preston development that has embraced an inner-city love of rooftop pools and fitness hubs has worked out a way to cut through lockdown to attract prospective buyers.

Caydon Property Group’s Due North project is winning praise for the inclusion of a work-from-home ethos, added just before it launched amid stage four restrictions in August.

Set to stand a dozen storeys high and feature 107 apartments, the development’s elevated rooftop will include an outdoor gym and yoga space, as well as cabana-like private dining booths with barbecues.

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In the development’s lobby, a co-working space will join street art by former Melburnian and now New York-based artist Brolga.

Caydon sales and marketing director Steve Williams said a handful of apartments were now reserved, despite the display suite never being able to open to the public.

The open-plan apartments will be oriented for views and natural light.

Mr Williams said many buyers had commented on location and the price, but rooftop amenity was the highlight for most.

“The rooftop living is a real drawcard; it’s more of an inner-city or south of the Yarra feature, but people are really jumping at it,” he said.

Set amid eclectic boutiques, bars and eateries at 70 High Street, Preston, the development is walking distance to trams and trains.

The Preston address is convenient for those looking to embrace a vibrant local community.

The tower’s exterior architecture is guided by the suburb’s working-class past, with exposed brickwork and concrete driving the aesthetic.

Interiors will be adapted for a post-virus world with study nooks and desks to be included in some apartments’ joinery. The developer also plans to convert several second bedrooms to home offices. Floorplans range from 50-60sq m in one-bedroom units, up to 124sq m for the largest three-bedroom.

All will feature stone benchtops and splashbacks, European appliances and floor-to-ceiling windows.

Sleek kitchen designs are a standard feature in all apartments.

Open-plan living zones will open to balconies of up to 49sq m, some with CBD views.

One-bedroom apartments are priced from $341,000-$497,500, two bedrooms from $584,000-$774,000, and three from $984,000-$1.039m.

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The post Due North, Preston to feature rooftop pool, fitness hub appeared first on realestate.com.au.

Western Australia’s peak real estate industry body has slammed a decision by the WA Government to extend the coronavirus eviction moratorium for residential properties, warning of a looming rental crisis with vacancy rates already at a record low. 

The Real Estate Institute of Wester Australia pesident Damian Collins said extending the emergency period tenancy legislation for all residential properties made no economic sense and would ultimately lead to higher rental prices and a shortage of rental properties.

The laws ignored the needs of landlords and would make it even more difficult for renters to find a property, he said.

The backlash comes as Perth’s vacancy rate dropped from 2% to 1.3% in the past two months, according to REIWA.

Perth’s eviction moratorium and freeze on rent increase are set to stay in place for at least another six months. Picture: Getty

Last week, Commerce Minister John Quigley announced that the freeze on rent increases and some evictions would stay in place for another six months until 28 March, 2021.

Mr Quigley said while WA was entering a period of economic recovery, the threat of a second wave of COVID-19 was still real.

“For residential tenancies, low vacancy rates for rental properties have, and will continue to force rents to rise. This, together with the current unemployment rate, as well as changes to JobKeeper, means families may find themselves in financial hardship,” Mr Quigley said.

But Mr Collins said the WA Government had used the pandemic as an opportunity “to introduce rent control and meddle in the free market”.

“We already have a shortage of rental stock and reducing supply further by dissuading landlords will ultimately mean tenants will find it even harder to get a property,” he said.

He said instead of a blanket extension, criteria should have been added to the legislation so that only those impacted financially by COVID-19 received support.

“The McGowan Government’s short-sighted decision to extend the emergency period for all tenancies is making a difficult problem even worse,” Mr Collins said.

“Unfortunately, sitting tenants are unlikely to move or adjust household size as they are paying below market rents. In addition, we are seeing an influx of people trying to find a new rental property in a market with a very low vacancy rate.”

WA tenants are struggling to compete for homes with very low vacancy rates. Picture: www.realestate.com.au/rent

Steve Radi, director at Radi Estates – Inglewood, said the blanket policy was unfathomable given barely 1% of tenancies in WA were impacted by COVID-19.

“This policy is absolutely hypocritical. We are not interested in the politics of what is playing out one little bit at the moment. It’s simply garbage,” Mr Radi said.

“Owners are missing out on money after sticking by the market through five years of economic downturn; and now we have politicians playing politics with people’s money and their lives. Not to mention costing the country an insurmountable amount of lost taxes due to interfering with the free market forces.

“We have one landlord who is terminally ill. She’s got kids, she’s got financial commitments and needs to sell her own home and move back into one of her investment properties. Without going to court to get an order to give the tenant notice to vacate, she cannot ask them to move out until the end of the emergency period.”

Mr Radi said the move would further ostracise investors and was out of sync with government stimulus to boost the construction industry in the wake of the pandemic.

The extension to the eviction ban has be criticised as “out of sync” with the WA Government’s stimulus to boost the construction industry. Picture: Getty

“(Landlords) can’t do what they want to do with their properties in a free market, yet the government goes and throws out $20,000 to the building industry. They have totally overheated it and allowed them to increase prices for new homes incredibly. Where is the government’s intervention in the free market here? It is a complete double standard.

“That Building Bonus has absolutely been dwindled in the wind. I have sold land for significantly more in the last two months than what identical blocks have sold for in similar locations in May and June before the announcement.

“The policy is a blatant socialist intervention into the free market…If the government had the best interest of tenants and landlords at heart, they would have let the free market play its course.”

The post Fears extension to WA eviction moratorium will cause “rental crisis” appeared first on realestate.com.au.

2/7 Loftus Rd, Darling Point, has a $7.8m price guide ahead of an October 21 auction.

The grand design and impressive city skyline, Bridge and Opera House views of investment banker Jeff Hall and Sharon Grey’s Darling Point apartment will wow buyers this spring.

LJ Hooker Double Bay’s David Malouf has a $7.8m price guide ahead of an October 21 auction for the luxury three-bedroom, two-bathroom apartment with double garage at 2/7 Loftus Road.

On level one of developer Terry Younes’s five-unit X-Pace designed Aloft building, the apartment offers 235 sqm of internal living space plus 72 sqm of terraces.

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High above the boat-studded waters of the Cruising Yacht Club.

Hang about and enjoy the view.

Set high above the boat-studded waters of the Cruising Yacht Club, the apartment’s bespoke lighting and cutting-edge architectural detailing helps create an instant mind-blowing first impression.

And the sunny entertainment terrace and views across Rushcutters Bay aside, the state-of the-art contemporary fittings help set this apartment apart.

Luxurious finishes.

Bespoke lighting.

These include a Gaggenau gas stove/oven, dual Liebherr fridges, a Miele dishwasher, Ziptap and Butler’s pantry and innovative sliding screens.

Other attractions are the grand harbour-view master suite and the luxury bathrooms adorned with floor-to-ceiling marble.

Wake up to this.

Lavish bathrooms.

There’s zoned ducted airconditioning and plenty of integrated storage.

The couple, who bought the apartment for $3,495,000 in 2017 off the plan, have some high-net-worth neighbours.

These include the art collector and entrepreneur Rachel Verghis — partner of a London – based asset manage, Sigurdur Arnimsson — who paid $7m for the penthouse.

And Dion Rivkin, the financial adviser son of the late stockbroker Rene Rivkin, and his wife, model Anna Rivkin, bought in for $2.9 million.

The post Investment banker Jeff Hall and Sharon Grey list Darling Point pad with $7.8m price hopes appeared first on realestate.com.au.

The motocross track at Alligator Creek

There are homes and then there are fun houses – properties so cool they are in a league of their very own.

And sometimes they can even provide an opportunity to earn a quick buck.

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In North Queensland there is no shortage of properties with some serious wow factor – for both the kids and the kidults.

Here we take a look at, arguably, some of the coolest properties on the market in North Queensland right now.

***

1. TOWNSVILLE: A designer house on a sprawling 13 acre block hit the market this week, complete with its very own professional motocross track.

Located in Alice River, the property is listed for $1.35 million and also comes with an activity room, a huge theatre, a large outdoor entertaining area complete with an outdoor kitchen and built-in gas barbecue, a gym, dam and a large in-ground swimming pool.

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The swish house comes with its own motocross track

The property is owned by Steve Hannah of Hannahbull Hydro Excavations and wife Sharni (nee Williams), the granddaughter of Alexander Park (AP) Williams, who founded AP Williams & Co in 1932 but passed away several years ago.

The family continue to run the business today.

“I designed the house and we built it in two stages, the first in 2010 and the second in 2015,” Mrs Hannah said. “It has heaps of louvres to catch the breezes, and is big and open.”

Mrs Hannah said they had the motocross track professionally designed and constructed for their son Lachlan, who is now 23 and living in Brisbane.

One of Ms Hannah’s nephews in action

Townsville-born world Moto-GP champion Jack Miller has taken a spin around the track, as has Mrs Hannah’s nephew Kayden Downing, who is now competing in the US.

“That’s why we bought the property, really,” she said. “So we would have enough room to build the track. Our daughters (Mylee, 12, and Jordan, 9) have also enjoyed it.”

But the time has come to move on, with Mrs Hannah admitting it was tough to sell the property.

“It has been an awesome place to raise a family,” she said. “The open spaces, the parties with the music cranked up at 2am and no one close enough to hear it.

“It gave us a great lifestyle but we still enjoyed being close to town.”

The property is listed with Open Property Townsville.

***

2. TOWNSVILLE: The iconic Barra Fun Park – arguably Australia’s best backyard – was listed for $2.5 million earlier this year.

Owner of Barra Fun Park Brent Stevenson PICTURE: MATT TAYLOR.

On 25 acres, the property is currently run as a red claw and barra farm, but also boasts cable skis, an inflatable water park, a huge water slide, a jumping pillow, fishing, cafe, commercial kitchen and a modern home.

The Barra Fun Park is listed for $2.5 million

Dubbed the “Best Backyard in North Queensland” at the very least, it is listed with Property Now.

***

3. KURANDA: Atreehouse set among three acres of rainforest has also just hit the market in Kuranda for offers over $399,000.

Designed and built in 2004, it has Turpentine poles, Cypress walls, and mixed rainforest hardwood flooring, a handcrafted wooden kitchen and a spa on the deck.

Your very own treehouse in the rainforest

Also in Kuranda is a resort-style house with a separate, self-contained granny flat on almost six acres.

But it is the huge undercover deck overlooking a private lakecomplete with its own waterfall and surrounded by spectacular gardens that would make it the ultimate adults retreat. It is listed with Ray White Cairns Beaches and is on the market for offers over $839,000.

Or perhaps your own lakehouse.

***

4. MISSION BEACH: If fishing is your thing, here is your chance to turn that hobby into a business.

Catch your own dinner at this barra farm

A barramundi farm has been listed for sale at Mission Beach and includes a house, a resort-style pool, a huge shed, nine aquaculture ponds, three of which are stocked, and the business, which stocks a number of local restaurants and sells direct to the public. It is listed for $1.5 million.

Yes please!

Also at Mission Beach is Sails, the “quintessential beach house” on a 4000sq m rainforest block.

This beachhouse comes with some cool artworks

The architect-designed house has 300sq m of decks alone, and is being sold complete with its unique inventory of furniture, artworks and furnishings.

Including its own whale sculpture

Located at Garners Beach, 10 minutes from Mission Beach, it is listed with Ray White Mission Beach and is on the market for $2.5 million.

***

5. MAREEBA: Life could be pretty sweet if you owned Emerald Creek Ice Creamery at Mareeba.

We all scream for ice cream!!!

Zoned as rural residential, the 355sq m business sites on 5.31 acres and is listed for $930,000.

It has operated for 12 years, but the owners are ready to retire, with the option to buy the family home, located on a separate title, also on the table.

***

6. MAGNETIC ISLAND: Who doesn’t love koalas? The Bungalow Bay Koala Village at Horseshoe Bay is listed for sale for the first time in 17 years.

Some furry ‘housemates’ and their keepers at Bungalow Bay Koala Village

It comes with an award-winning eco village comprising of 37 bungalows and 35 bush camping sites, a koala park, a deck bar, reception. laundry and camping facilities.

It is listed with Savills Brisbane.

Bungalow Bay Koala Village is listed for the first time in 17 years

***

7. SOUTH MISSION BEACH: It is all about luxury at this swanky, three-level, 7-star energy efficient house.

Features include glass turrets above the living area, an internal marble stairwell, an infinity pool and barbecue pavilion with ocean views, a fully self-contained second level for teens, grandparents or guests and a 5083sq m block surrounded by rainforest.

This modern castle has its own turrets

And some seriously spectacular views!

It is listed with Andersons Real Estate for $3.55 million.

***

8. PINNACLES: Offering about 68,500 hectares, Springfield Station offers wide open spaces and plenty of cool “toys” to explore it
.

About 8500 cattle are included in the sale of the property, which includes a large, 1960s built homestead with plenty of room for guests to help you explore its vast terrain.

The house has six bed quarters plus two staff cottages.

Springfield Station comes with quadbikes, a truck and tractor and its own air strip

The property also has its own registered 900m airstrip and hangar, sheds, horse agistment and training facilities, huge verandas and outdoor areas for entertaining, including an outdoor kitchen and heaps of trail rides to explore, all just a short drive to the Bartlett Park Rodeo Complex.

A diesel truck, a tractor, ride-on mowers and quadbikes are also included in the sale, with the property listed for $950,000 with Explore Property.

***

9. BOWEN: If you go troppo for mangoes, this ocean frontage property could be just the right medicine.

It has a fully established mango orchard, ripe for the picking, and is listed for $3.1 million.

Offering eight acres with spectacular views, the architecturally-designed four bedroom house also has tropical gardens, stone terraces and its own private boat launching facilities.

See the mango orchard to the left of the house ….

***

10. TRINITY BEACH: This award-winning residence is packed full of features, including its very own aquarium.

Cooler than most nightclubs, just saying …

Offering almost 850sq m of living space, the house features spectacular light features throughout, a sunken lounge, casual living and dining spaces with glass features that showcase the 20m saltwater swimming pool, a rear terrace with a built-in barbecue, landscaped tropical gardens, a media room, a fish pond feature at the entrance, internal access four car garaging, and smart home technology, all on a 1100sq m block.

Just simply cool …

The built-in aquarium is located in the entry foyer. On the market for $2.95 million, it is listed with FNQ Hot Property.

***

The post Cool properties on the market in North Queensland right now appeared first on realestate.com.au.

Horticulturalist-artist-architect couple Britta and Michael Sorensen have long lived by their passion for eco-friendly, sustainable living – both personally and professionally.

So, when they embarked on their private build at 126 Ashton Street in Margaret River, they embraced it as an opportunity to pay homage to the environment by creating a model of contemporary, sustainable architecture that steps well away from the “hippy” tag the south-west town has been lumbered with.

The sustainable home pays homage to the environment around it. Picture: realestate.com.au/buy

“We have been designing and building contemporary architecture in Margaret River for over 25 years and mainly upmarket holiday homes,” Britta Sorensen said.

“In our own home, we wanted to make an example and build a model of doing this more sustainably. We wanted to show that even though on a smaller footprint and using sustainable materials and techniques, you can achieve a house that is minimalist, super contemporary, cool, fun and funky.

“We wanted to build a home that was warm, both in temperature and atmosphere, but also really contemporary and cutting-edge as far as technology goes.”

Completed in 2012, the single-bedroom property has been designed to capture the very best of its natural surrounds.

“I love the way it incorporates the beautiful view that we have, overlooking the valley into the national park, so it’s really been all about bringing this view into the house and making everybody in the house feel like they are part of that landscape,” Ms Sorensen said.

“Despite the relatively small footprint, you’re constantly feeling as though you’re connected to nature outside.”

During the build several decaying Marri trees on the block had to be felled and, once milled, local craftsmen repurposed the timber in the home.

Features include a rooftop terrace, double glazing, hydronic floor heating and a vintage 1970s caravan that has been transformed into self-contained guest quarters, complete with orange walls and shagpile rugs.

Sustainable Margaret River home

The home invites the surrounding environment inside. Picture: www.realestate.com.au/buy

You’ll never get sick of this view. Picture: www.realestate.com.au/buy

Wake up amongst tranquil greenery every morning. Picture: www.realestate.com.au/buy

This 1970s-style caravan has been revamped for guests. Picture: www.realestate.com.au/buy

The luscious surrounds bring a whole new meaning to contemporary living. Picture: www.realestate.com.au/buy

This home takes sustainable living to a new level. Picture: www.realestate.com.au/buy

“We deliberately designed this as a one-bedroom house because it’s just the two of us but of course we still get guests staying. We didn’t want a guest room that sat empty half of the time,” Mrs Sorensen said.

“I love vintage caravans and I’ve turned this 1970s caravan into an ode to the 70s…So, the house is minimalist and the caravan is completely over the top! Our guests love it because it’s like a cubby for adults. It’s a lovely little nest.”

Ms Sorensen designed the garden, which includes food production based on permaculture principles, providing a supply of fruit, vegetables and eggs. It has been organically managed for 10 years and is home to an array of small birds, lizards and two resident frogmouth owls.

Additional features of the property, which won the 2013 Australian Institute of Architects Award for Sustainable Architecture, include a shed and a separate artist’s studio that overlooks the garden.

Clare Andrews, from Stocker Preston Margaret River, is taking offers. Offers close on 18 September, unless sold prior.

The post Contemporary stunner in Margaret River is sustainable living at its best appeared first on realestate.com.au.

The shell of a sky-high South Melbourne mansion with plans for a rooftop pool has been tagged a rare opportunity on the city market.

Concrete structures have already been put in place for the extravagant extension at 174 Bank Street, which is for sale with a $3.3-$3.63m price guide.

Bekdon & Richards director Paul Richards said the previous owner had plans and permits to create a five-storey masterpiece in the inner city.

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174 Bank Street, South Melbourne is for sale.

A plunge pool is planned for the rooftop.

But the half-complete building is now up for mortgagee sale.

“The previous owner has done a fair bit of structural work already, so the buyer is really buying it as a shell to bring it back to life,” Mr Richards said.

“It’s a Victorian house that already has three floors, so the plans add another two that have sweeping 360 degree views.”

360 degree views would be on show from the top two floors.

He said he had “never seen anything like it” available so close to the CBD.

The property has approval for a glamorous rooftop terrace with a plunge pool, terrace and garden, while a basement features a cellar and carpark.

Four bedrooms could be built in the floorplan, including a main suite that has access to its own exclusive living room. A lift to all floors of the home has also been approved.

The half-complete building is up for mortgagee sale.

Detailed period features have still been retained inside the original Victorian terrace.

Mr Richards said the building, which was first listed in July, would have already sold if it hadn’t been for coronavirus lockdown restrictions.

“We’ve had so much inquiry, with a lot of interest coming from builders, developers and also families looking at finishing it too,” he said.

It’s for private sale.

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The post South Melbourne half-finished mansion for sale with plans appeared first on realestate.com.au.

Chris Hemsworth and his brothers have decided to sell their Malibu house. Picture: Realtor

The Hemsworths look to be making Byron Bay their permanent home base, after deciding to put their Malibu house up for sale, which could score them a $2 million profit in the process.

Five years ago, Chris Hemsworth had said to be feeling ‘suffocated’ by his Hollywood career, when they officially moved their family from Los Angeles to Byron Bay and began building their dream home – a whopping $20 million mega-mansion in Broken Head.

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Chris Hemsworth and Elsa Pataky, during holidays in the Rainbow Beach area. Picture: Instagram

The secluded hideaway. Picture: Realtor

Fire pit with a view. Picture: Realtor

Around that time, Chris, wife Elsa Pataky – along with Chris’ two brothers, Liam and Luke – forked out $4.7 million (US$3.45 million) for a secluded house in Malibu, California – where they could stay at when in LA for work and industry events, Variety reports.

But now it appears the Hemsworth brothers have made the decision to vacate the USA, by putting the stunning home on the market for $6.7 million (US $4.9 million), $2 million more than they paid for it four years ago.

Enter via the sunken garden, with views as soon as you walk in the door. Picture: Realtor

Inside the open plan house. Picture: Realtor

Views even from your kitchen. Picture: Realtor

The architectural modern abode, which sits on more than 5050 sqm of land, offers breathtaking views of the Pacific Ocean, Santa Monica Mountains, and nearby horse stables.

Entry to the home is via a sunken courtyard garden, opening onto a light-filled open living area with high ceilings and polished concrete floors.

A modern fireplace is the centrepiece of the open kitchen and dining areas, complete with a huge TV mounted above it.

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The chef’s kitchen. Picture: Realtor

The TV is bar-adjacent… perfect. Picture: Realtor

The sunken garden at the front of the home. Picture: Realtor

Just off the kitchen sits an expansive dining area with a built-in barbecue and cushioned seating around a bowl-shaped fire pit – that sits on an elevated perch, which is perfect to take in the sweeping mountain views.

Out back behind the dining deck there is a sauna, along with gardens that lead to a nice backyard, and a wine cellar.

Sweat it up in your outdoor suana. Picture: Realtor

What a view. Picture: Realtor

Inside, the house comes with four bedrooms, four bathrooms, and also boasts a spacious media room, a chef’s kitchen.

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One of the bedrooms comes with a large children’s indoor adventure area, perfect for a young family.

Gotta have a movie room to screen the big blockbusters. Picture: Realtor

One of the home’s four bedrooms. Picture: Realtor

And one of the home’s four bathrooms. Picture: Realtor

Chris and Liam Hemsworth holidaying at Rainbow Beach with family and friends.

Hemsworth and Pataky have previously owned a larger house in the same area that they bought for US$4.8 million from fellow Aussie movie star Paul Hogan, which they then sold in 2016 for US$7 million.

It isn’t known if Chris’ eldest brother Liam, best known for roles on “Neighbours” and the sci-fi hit series “Westworld,” owns any other property in Los Angeles.

One of the bedrooms is perfectly set up to be a kids play room. Picture: Realtor

However, youngest brother Liam, star of the “Hunger Games” franchise, still owns a nearly property in Malibu that he bought in 2014, while he was with now ex-fiancee Miley Cyrus, for a bit more than $6.8 million.

Unfortunately, the house that stood on the property burned to the ground in a fire in 2018. Liam also has recently revealed that he is building a home near brother Chris in Byron Bay.

Chris Hemsworth was one of the highest paid actors in the world last year, earning an eye-popping $104.4 million (US$76.4 million) in 2019.

Elsa Pataky and Chris Hemsworth in Byron Bay on April 28, 2020. Picture: @elsapataky/Instagram

For now it appears the Hemsworth clan will make Broken Head their full-time home, as they settle into their now completed sprawling $20 million mega-mansion.

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The post Chris Hemsworth and brothers Liam and Luke put their stunning Malibu house on the market appeared first on realestate.com.au.

Buyers can get up to $90,000 off apartments R&F Property’s Live City development.

A Footscray development offering apartments for sale at an almost $100,000 discount from their pre-coronavirus prices is in high demand.

But it comes as realestate.com.au figures reveal how much the federal government’s $25,000 HomeBuilder grants scheme has skewed new-home buyers towards housing estates.

Early this month, R&F Property Australia offered a 10 per cent discount on 10 homes in the recently built first stage of Live City Melbourne.

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R.Iconic South Melbourne features running track, band room, karaoke

The deal cut prices by $39,000 for one-bedroom homes and $90,000 for three-bedroom pads.

National sales and marketing director Jon Quayle said they would add a further 20 apartments to the deal following high demand.

“This is an alternative for new home buyers who still want to live in the city,” Mr Quayle said.

The development’s first stage was recently finished and apartments are ready to move into.

Many of those looking at making a purchase now were professionals and first-home buyers linked to health and education hubs in Footscray. Some approached Live City three months ago, but hit pause while looking into estates and projects eligible for HomeBuilder grants, before circling back. Mr Quayle said interstate investors had also bought during the city’s stage four lockdown.

The apartments are part of the 15-storey, 208-apartment first stage of the Kinnears Ropeworks redevelopment.

The finished apartments come with impressive vistas over Melbourne.

They feature open-plan living spaces, timber floors, and rise above a new lifestyle precinct including eateries, childcare and a supermarket.

Despite the project’s popularity, house-and-land estates now account for almost two thirds of demand in the new-homes sector, up from a 38 per cent five-year average, realestate.com.au figures show.

The firm’s executive manager for economic research Cameron Kusher said apartment and estate inquiries were both more than 40 per cent down from their peak levels earlier this year.

Floor-to-ceiling glazing ensures copious natural light.

“HomeBuilder changed the nature of inquiry. For the last five years the bulk of inquiry has gone to apartments,” he said.

“That could also be a factor of … a bit of land with a house being more appealing.”

Mr Kusher said he expected the downward trend in inquiries would continue for new homes in September, then rebound similarly to the way it had in June. But housing estates would remain the most in demand past the end of the year, and for a “while yet”.

Live City’s one-bedroom units are priced from $348,446-$448,732, two bedders from $439,200-$635,702, and three from $664,598-$768,283.

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The post Live City Melbourne: Up to $90K off apartments as land steals demand appeared first on realestate.com.au.

Adelaide is home to many grand character cottages and modern mansions with million-dollar price tags, but the city is renowned across the country for its affordability.

Latest realestate.com.au data shows the City of Churches has a median house price of $485,000 – cheap in comparison to Sydney’s $1 million with only Darwin and Perth recording lower medians.

So what type of home can househunters buy and where in that price range?

Real Estate Institute of South Australia president Brett Roenfeldt said affordable houses could be found in every area, it just depended what prospective buyers were looking for.

“You will find suburbs that are roughly a 20 minute drive from the CBD – north, south, east and west – that will fit that criteria,” he said.

“Obviously there will be more in that price bracket as you get a little further out from the CBD though.”

Mr Roenfeldt said suburbs that were close to major shopping centres, highly regarded schools and beaches often carried a higher price tag.

Renovated character homes or modern houses on larger blocks were also more expensive, he said.

“You’re not necessarily going to find a character cottage or something like that in that sort of price bracket – it’s more likely going to be a 1950s or 60s home,” Mr Roenfeldt said.

Here’s a look at what is available across the metropolitan area in that price range at the moment.

NORTH

127A Hampstead Road, Greenacres. Pic: realestate.com.au

127A Hampstead Road, Greenacres. Pic: realestate.com.au

There are three suburbs in the city’s north that have median house prices close to that of the state’s capital city – Vista ($480,000), Blair Athol ($482,500) and Greenacres ($483,500).

All three areas are between 20 and 30 minutes drive from the city and offer a combination of older and newer housing.

A Greenacres home at 127A Hampstead Road offers three bedrooms and two bathrooms on a 362sqm block for an asking price of $435,000.

The bedrooms are at the front end of the home with an open kitchen, living and dining area at the rear, which opens onto a grassed backyard.

Meanwhile, an older three-bedroom Blair Athol home at 6 Sylvia Street on a 485sqm parcel is listed with a $480,000 to $510,000 price guide.

Described as a renovator, it has a separate living area and kitchen, while the backyard has an entertainment area.

6 Sylvia Street, Blair Athol. Pic: realestate.com.au

6 Sylvia Street, Blair Athol. Pic: realestate.com.au

SOUTH

226 The Cove Road, Hallett Cove. Pic: realestate.com.au

226 The Cove Road, Hallett Cove. Pic: realestate.com.au

South of the city, there are also three suburbs with a median house price similar to that of metropolitan Adelaide’s.

Hallett Cove’s is the closest at $486,000, while Dover Gardens’ and McLaren Vales’ both stand at $480,000.

A three-bedroom Hallett Cove property at 226 The Cove Road, which is on a 700sqm block with ocean views, is on the market with a price guide between $465,000 to $485,000.

A crisp white palette makes it light and bright inside, while a large entertainment deck offers sweeping views of the coastline.

Further south, a modern McLaren Vale home at 6/30 Grapevine Lane is listed with a $469,000 price tag.

An open kitchen, dining and family room that flows onto a pergola area forms the heart of the home, while its three bedrooms flank one side of the house.

6/30 Grapevine Lane, McLaren Vale. Pic: realestate.com.au

6/30 Grapevine Lane, McLaren Vale. Pic: realestate.com.au

EAST

106 Shakespeare Avenue, Magill. Pic: realestate.com.au

106 Shakespeare Avenue, Magill. Pic: realestate.com.au

Trying to stick to a budget of $485,000 in the prestige eastern suburbs might be tough, but it’s possible.

While there are no suburbs in the region with a median house price in that ballpark, Mr Roenfeldt said Payneham and parts of Magill offered more affordable options.

He said they would likely be on small blocks and in need of renovating though.

A two-bedroom Magill home at 106 Shakespeare Avenue, which has been modernised inside, is listed with a price guide between $430,000 and $450,000.

Wood floors and a white palette inside give it a fresh look, while a new bathroom, split system airconditioning, security system and solar panels offer modern conveniences.

WEST

8 Formby Crescent, Port Adelaide. Pic: realestate.com.au

8 Formby Crescent, Port Adelaide. Pic: realestate.com.au

You might not be able to find a beachfront home for $485,000 but you can still get pretty close to the coast.

Port Adelaide is the only suburb in the city’s west that has a median house price on par with metropolitan Adelaide’s ($489,500).

There are currently no houses on the market in that area that are within that price range, however a three bedroom home at 8 Formby Crescent recently sold for $470,000.

On a 310sqm block, the courtyard home is close to the new Port Adelaide Plaza and Port Creek.

Mr Roenfeldt said Exeter and Grange also offered options for people looking for houses in that price range.

A two bedroom modernised character home in Exeter at 6 Charlton Street is on the market with a $440,000 to $455,000 asking price.

6 Charlton Street, Exeter. Pic: realestate.com.au

6 Charlton Street, Exeter. Pic: realestate.com.au

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