BLOG: Builder's Jamberoo home on market

PROPERTY WATCH

Kiama builder Phillip Young is selling his family haven on Curramore Road, Jamberoo, after living there for the past 14 years.

The home is on a one-hectare parcel, but set among three large rural lots.

‘‘It feels like you are amongst the countryside with only one hectare of land to manage,’’ said Michele Lay of Ray White Kiama.

There are  three bedrooms separate to the master bedroom, plus the optional flexibility for a study or gym room.

It includes two full bathrooms plus an additional smaller bathroom, large open-plan kitchen, dining areas with a picturesque outlook, with exposed beams and hardwood timber floors throughout the living space.

The property, which has a price guide above $1.3 million, is open for inspection by appointment.

Natural waterfalls

Meantime also in Jamberoo, the Clover Hill Road property Noorinan Glen has been listed with Ray White Gerringong for $2.95 million.

Tucked away on the northern side of Saddleback Mountain, the property is set over 40 hectares of native gardens featuring ferns, palm trees and natural waterfalls.

The house has four bedrooms with ensuites and a barn-sized entertaining area with an indoor garden, skylights and water features. 

The master suite features a bathroom with a sunken spa bath. 

The property also has a 5000-bottle wine cellar – covered with about one metre of soil and shrubs, a tractor carport and water storage tanks.

This tranquil property features a magical garden with delicate sculptures, and numerous rainforest, exotic and native plants in gardens full of colour and winding paths. 

Auction success

The spring auction season ended with a bang with multiple million-dollar properties changing hands in the Illawarra’s north-most.

Many agents across the northern suburbs were sipping champagne on November 23 in particular.

On that day alone, 30 Haig Street, Wombarra, sold at auction through Ray White Helensburgh for $1.76million; 9 Towradgi Road sold for $1.65 million through Belle Property Wollongong; 60 Lower Coast Road, Stanwell Park, sold for $1.45 million through Ray White Helensburgh while a dual family residence at 10 O’Briens Road, Figtree, sold for $1.215 million through Peter Taranto Real Estate.

According to Australian Property Monitors, November 23 also saw the sale of 11 Lake Parade, East Corrimal, for $1.015 million through Belle Property Wollongong and 21 Cliff Street, Coledale, for $1.1 million through One Agency Denison-Pender and Moore.

To round out the spring auction season, last weekend 57 Squires Crescent, Coledale sold for $1.48 million through McGrath Thirroul, while 20 Seaview Crescent, Stanwell Park sold prior to auction for $1.75 million through Ray White Helensburgh.

Confidence returns

NSW has just experienced its best 12 months in new housing approvals in nine years, data released this week by the Australian Bureau of Statistics shows.

“There were 44,628 new houses approved in NSW in the 12 months to October 2013 – the highest level since 2004,” NSW Planning and Infrastructure Minister Brad Hazzard said.

“NSW continues to outperform the other states – which is great news for homebuyers and shows that business and consumer confidence is returning to the state.’’

Large holding sold

A property comprising nearly six million square metres of land at Maddens Plains has changed hands.

Expressions of interest for the seven-lot property closed on November 17.

 Travis Machin of MMJ Wollongong said the 586-hectare property, zoned part E2 Environmental Conservation and part E3 Environmental Management, had been sold to an undisclosed buyer for an undisclosed sum. The property is likely to stay as it looks now.  

The sale was negotiated by MMJ Wollongong along with Southern Estates.

Outlook improving

The Reserve Bank of Australia has kept the cash rate at 2.5 per cent, saying the global and local economic outlook was improving, according to AAP.

The RBA last cut the cash rate in August, by a quarter of a percentage point, and before that in May, by the same amount.

RBA governor Glenn Stevens said  there are signs the Australian economy is starting to rebalance away from one that is mainly driven by mining and resources investment.

Worth a look

•A three-bedroom Bulli house for auction through Ray White.

•A three-bedroom Kiama townhouse for $469,000 through Belle Property Kiama.

•A three-bedroom Mount Pleasant house for $450,000 through ONEAGENCY.

•A five-bedroom Thirroul house for auction through Belle Property Wollongong.

•A two-bedroom Wollongong apartment for $369,000 through Peter Taranto.

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