Prime Vaucluse Opportunity and Contemporary Cottesloe Haven in the Property Highlights for September 16 | The Market Herald Fancy

2022-09-16 18:47:35 By : Mr. William Yang

Among today’s luxury property highlights, a prime Vaucluse address ripe for revitalisation and a contemporary Cottesloe oasis shine. A French provincial-style home in Turramurra also features in the highlights for September 16.

Home to beachside bars, cafes and the iconic Cottesloe Beach, the setting of the annual Sculptures by the Sea exhibition, this coastal suburb commands a high median house price of A$2,815,000. Recording 20.2 per cent property price growth, following on from 28.4 per cent growth in 2021, the median house price has increased by A$990,000 in the past couple of years.

Attracting families with children, the median age in Cottesloe is 44 years old and 68 per cent of properties are owner-occupied. In June this year, the beachside enclave welcomed 38 listings to market which spent an average of 19 days on the market before being sold.

Architecturally designed to contemporary perfection, this Cottesloe property features a coastal palette of cedar, concrete and black finishes. While the home is located just minutes away from the beach, the garden boasts a heated plunge pool as well as plenty of room for outdoor entertaining.

11b Barsden Street, Cottesloe, WA 6011

Steeped in prestige, the affluent suburb of Toorak commands a high median house price of A$5.54 million despite recording an annual property price decline of 6.9 per cent. Bolstered by considerable growth in 2021 and 2020, the average house price has increased by some A$815,000 in the past couple of years.

In June this year, the leafy suburb saw 39 properties come to market which spent an average of 33 days before being sold. Households in Toorak are predominantly childless couples who work in professional occupations.

Located on an elevated 733-square-metre block, this Toorak family home boasts a sprawling garden, light-filled open-plan living and four generously-sized bedrooms.

The home is situated within easy reach of Como Park, Toorak Village and top schools. The property comes with a price guide of A$5 to A$5.5 million with expressions of interest being accepted until October 11 at 5pm.

Filled with stunning swimming spots, cliffside reserves, historical landmarks like Macquarie Lighthouse and, of course, plenty of multi-million dollar homes, it’s not hard to see why Vaucluse is one of the most affluent suburbs in Australia. Bolstered by 35.5 per cent average annual property price growth, the median house price currently sits at A$8.4 million.

Home to 9,510 residents, the median age in Vaucluse is 43 years old and homes are 70.7 per cent owner-occupied. In June this year, the suburb saw one per cent property price growth while a total of 31 listings came to market.

Easily one of the most prestigious streets in Sydney, Vaucluse Road is the ultimate setting for a lavish city lifestyle where Vaucluse Village, Rose Bay and public transport are all within easy reach.

Occupying a 600-square-metre parcel, this exceptional address offers the opportunity to live in a blue chip postcode and enjoy incredible harbour views. The property is currently in the final stages of development approval for a new contemporary masterpiece. Designed by renowned architecture and design studio X.SPACE, the new home would boast 400 square metres of internal space as well as lift access to all levels. A DA-approved third level promises breathtaking views and additional entertaining space.

The property is scheduled to go to auction on October 25 at 5pm.

Located between Pymble and Warrawee on Sydney’s Upper North Shore, leafy Turramurra is perfect for active families. Filled wth sports grounds and facilities, the suburb is a haven for sports fanatics while its bordering two national parks frame the suburb in natural beauty.

Home to 12,850 residents, properties in Turramurra are predominantly owner-occupied. Driven by continuous property price growth over the last three years, the median house price in the suburb is A$2,535,000, growing by A$744,500 in the last two years. In June this year, North Turramurra saw 16 listings come to market which spent an average of 25 days on the market.

Combining French provincial-stye charm with luxurious George Freedman-designed interiors, this Turramurra home presents an opulent oasis. Featuring wrought iron details, a custom Calacatta Gold marble kitchen, parquetry flooring, swimming pool and resort-style gardens, the home lends itself well to an affluent Turramurra lifestyle.

The property is scheduled to go to auction for October 15 at 10:30am.

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