Well This is Odd... →
Not even a full day after this blog highlighted The Age article reporting on SQM Research’s report of an overstock of outer suburban Melbourne residential real estate, Jonathan Chancellor at Property Observer dives into REIV data that tells a very different story: outer suburban Melbourne rental vacancies are the lowest in the state. We’re so confused.
Melbourne is Overbuilt, Designing the World's... →
Chris Vedelago and Cameron Houston at The Age penned an article on recent SQM Research indicating Melbourne is home to tens of thousands of unsold homes on its urban fringe. Not surprisingly, everyone and their government representatives are chiming in with hyperbolic statements of doom and despair. Professor Michael Buxton, an RMIT planning expert, went so far as to say Melbourne...
One of Brighton's Largest Mansions Chops Off Some...
Today, a land listing on The Esplanade in the heart of Brighton’s Golden Mile came on the market, asking $4m for its postage-stamp sized 825sqm lot. Although a raw chunk of land being listed on The Esplanade is likely Radical Terrace worthy in its own right, this listing carries even more significance as it’s being chopped off from the long-listed mega-mansion ‘Kinane’....
Radical Roundup: New & Notable This Week
SA ALDGATE ‘Windcombe’, a true-to-form Palladian-style home in the Adelaide Hills is listed for $1.695m. Sold as a parcel of land in 2000 for $250k, the home that now stands was built soon thereafter and modeled after the 18th C Bath, England manor home of the same name. The home was shopped around on the market back in 2008, but it’s unclear to the Radical Terrace if it...
Cult Compound in Denham Court for $6m+
Lingering on the market for some time now, a super-compound in Denham Court, the premier suburb of the far-flung Campbelltown area of Sydney, is available for $6m through Azam Dabbagh of Coldwell Banker South West Realty. The 25-acre estate comes with 16,000 square feet (1,600sqm) of living space and the architectural stylings of a miniature golf course. The 11-bedrooms make this estate eligible...
Shocker: 'Militant NIMBYs' Are Bad!
Larry Schlesigner at Property Observer brought our attention to the McKell Institute’s latest research piece. Complete with the compelling title, “Sydney over the next 20 years discussion paper,” the report offers many a no-brainer reminder that terraces, semis, and other medium-density housing solutions are being stifled by the ‘militant NIMBYism’ of local council...
Walter Burley Griffin's Last and Largest Home...
Walter Burley Griffin, one of Australia’s most prominent and well-known architects (and urban planner of Canberra…and Castlecrag) built several distinguished homes in Sydney’s Upper North Shore. None as large, however, as the c1936 6-bedroom Prairie style manse in Pymble known as ‘Coppins’. Situated on a massive 1.5 acre allotment on Telegraph Road - one of the...
Top 20 Sydney Homes Sales in Last 12 Months →
Jonathan Chancellor provides a delightful rundown on the 20 most expensive home sales in the Sydney region. It took a $9m sale to make the list, with the top spot going to the $23m sale of Kalua in Palm Beach. It’s a fun list, and by now you all should know how much we love LISTS!
Radical Roundup: New & Notable This Week
NSW A 4-bedroom, two-storey, 530sqm Mcmahons Point penthouse listed with high-$6m expectations. Last sold for $6.5m (presumably off-the-plan) in Nov 2005, Martin Schiller of Savills will have to break that amount to present his clients from being price losers. The listing: 2/16 Bay View Street, Mcmahons Point. Hamish Rogers has listed ‘Tarna Hall’, a “French...
'Glenholme' Lists for $2.5m, Wants to Narrow In On...
A few weeks ago, the Radical Terrace wrote a rather exhaustive post on Ballarat’s prestigious Webster Street, home to the city’s most expensive real estate. In that piece, we mentioned the Victorian villa ‘Glenholme,’ as being the home that firmly established Webster St as the blue chip precinct in the nascent city: An 1852 survey of land immediately west of the Ballarat...
Fitzroy North: Redux
It was just three weeks ago that the Radical Terrace commented on the brouhaha surrounding the $4.2m sale of a Fitzroy North property fronting the elegant Edinburgh Gardens at 39 Alfred Crescent. It was indeed a notable sale, for prior to the sale of 39 Alfred Crescent only one home on the arching avenue sold above $2m (that outlier being the large plotted #85 which sold for $3.05m in Sep 2009)....
A Newtown Home Wants To Be Geelong's #1
‘Drummond’, a Newtown record-breaker when it sold for $2.615m back in May 2005, is now on the market asking for another record breaking amount: $3.35m; if listing agent Dale Whitford achieves his asking, it will become Greater Geelong’s most expensive house. The stately multi-coloured brick mansion comes with swimming pool, tennis court, and a prime Newtown location. Although,...
Oceanfront Tennis Tetris: Rare, Indeed!
A Collaroy oceanfront home (pictured above) with a coveted tennis court on a 1,365sqm block sold for $8.7m at auction this weekend. Even Jonathan Chancellor made mention of the “rare” nature of such a well-located tennis court. But it also begs the question, how rare are these tetris-playing oceanfront tennis courts? The Radical Terrace decided to find out. Our criteria: First, we...
Jonathan Chancellor in the Highlands
In his latest Title Tattle, Jonathan Chancellor covers the comings and goings of wealthy (and white) Sydneysiders who continue to trade multi-million dollar hobby farms in the desirable weekender destination 100kms south of the city. However, one interesting observation of his caught our attention: “And ever on the lookout for the start of a possible trend, Title Tattle notes the first...
Nelson Aspen Finds an NYC Apartment →
New York-based Sunrise host Nelson Aspen indulges the NYTimes in the ups and downs of finding an apartment in New York City.
'Blowhard' for $2.25m
A rather unique ski chalet in the Australian Alps enclave of Hotham Heights listed today with a $2.25m ask. Curiously named ‘Blowhard’, the 4-bedroom home sleeps twelve and contains “five separate areas devoted to high end living and deep relaxation”. Furthermore, the interiors are “a palate of local timbers, stone, pebbles, latex, chain and fur.” Latex,...
Orientation was given more attention. The sun was still deliberately avoided....– Robin Boyd commenting on an Australian public who had yet to become obsessed with all things north-facing from “Australia’s Home: Its Origins, Builders and Occupiers”, Melbourne University Press, 1952, p75
Edzell House Chops, Wants $8m+ For Yarra Frontage
Last November, it is the Radical Terrace’s understanding that ‘Edzell House’, a landmark 1891 Reed Smart & Tappin designed Queen Anne home at 76 (-86) St Georges Road sold for $11m. During Edzell House’s multi-year marketing campaign, plans for subdivision were flaunted. Most notably, MGS Architecture-designed plans for a riverfront abode with 5-bedrooms and a copper...