Keep your head in the clouds in a property with its heart in the city | Kanebridge News
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Keep your head in the clouds in a property with its heart in the city

The house-like proportions at an exceptional vantage point make this apartment a once-in-a-lifetime opportunity for families set on luxury

By KANEBRIDGE NEWS
Thu, Jun 8, 2023 4:27pmGrey Clock < 1 min

It’s hard to think of another city in the world that offers the kind of diversity and amenity that Sydney delivers. While many focus on the stunning harbour, there’s a myriad of beautiful waterways providing a connection to the natural environment while also keeping a finger on the pulse of a vibrant city centre.

This recently completed penthouse apartment on the Parramatta River in the heart of Sydney’s second major city is a perfect example of luxury living. Located in The Lennox, a 46-storey apartment building designed by Marchese Partners and JPW Architects, the property at 4602/12 Philip Street, Parramatta has four bedrooms and three bathrooms, with 3m-high ceilings adding to the sense of space and gracious comfort. 

The open plan living and dining area features timber floors laid in a chevron pattern and leads onto an exceptionally well-equipped kitchen featuring Gaggenau appliances, a built-in coffee machine, a Vintec wine fridge and Zip hot and cold tap.

A generous, north east facing outdoor living area is accessible via bi-fold doors leading off the living area, offering commanding views of the surrounding area. The house-like proportions of the apartment allow for distinct sleeping and living zones, with three of the four bedrooms separated by the dedicated home office space. A fourth bedroom on the other side of the living area would be ideal for visiting guests.

In addition to the spacious apartment, the property is being sold with secure parking for three cars. There is also access to a 24-hour concierge service, as well as a 20m heated swimming pool, a fully equipped gym and a dedicated function room.

 

Address: 4602/12 Philip Street, Parramatta

Price guide: $4 million

Agent: Sunny Gandhi sunnyg@theagency.com.au 0421 336 689

Inspection: By appointment



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Dubai Real Estate Market Shows Robust Growth in Q2 2024

Villa prices saw particularly strong growth, with capital values increasing by 33.4 percent year-on-year

Fri, Jul 26, 2024 < 1 min

Dubai’s real estate market showed strong performance in the second quarter of 2024, with notable increases across the residential, office, and retail sectors, according to a new ValuStrat real estate report for Q2 2024.

Villa prices experienced particularly strong growth, with capital values rising by 33.4 percent year-on-year.

Haider Tuaima, Director and Head of Real Estate Research at ValuStrat said: “The Dubai real estate market has shown impressive growth and resilience in recent months. The ValuStrat Price Index for Residential Capital Values increased by 6.4 percent quarterly and 28.2 percent annually, reaching 178.2 points.

“Despite severe flooding caused by record rainfalls in April, the quick and effective response from developers and authorities helped to control the damage, ensuring that market activity and property valuations remained robust in the subsequent months.”

The office sector also performed well, with the VPI for office capital values surging by 31.7 percent annually and 9.4 percent quarterly, reaching 212.5 points—the highest quarterly increase in a decade.

In the retail sector, Emaar Properties reported 98 percent occupancy in their prime mall assets, while overall mall occupancy stood at 96 percent during the first quarter of 2024. The hospitality sector also saw growth, with total international guests reaching 8.12 million as of May 2024, a 9.9 percent increase compared to the same period last year. Hotel occupancy reached 81 percent, rising by 1.4 percent year-on-year.

Despite these positive indicators, Tuaima added, “The decline in transaction volumes calls for a closer examination of market dynamics as stakeholders navigate this evolving landscape.”

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Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

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