Happy New Year and welcome to Scoutable’s January wrap up. We trust you all had a nice festive break and hope you're enjoying this hot Australian summer.
The unofficial start to the property market is Australia Day. Having said that, we have seen strong activity in January and we are expecting this trend to continue into the first quarter of 2017.
The reserve bank doesn't meet till Tuesday 7th February for its initial rate meeting for 2017 so the cash rate remains at 1.5%. In turn, interest rates are still relatively low and lenders are offering some great deals. We're seeing a lot of stock trading off market. If you, or someone you know, are in the market for a new home or investment property, engage Scoutable. We know property and we'd love to find the perfect one for you.
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PROPERTY OF THE MONTH
42 LITTLE RILEY STREET, SURRY HILLS
Sitting on approximately 170sqm of land, this Surry Hills corner block property is an inner city delight. Spanning over 3 levels, the architecturally designed home boasts three bedrooms, two bathrooms and one lockup garage which is an incredible value add in this part of the city.
Without compromising on privacy, louvered windows and skylights are featured throughout the house and an internal atrium running from the ground floor to the top, ensures an abundance of natural light and airflow. Contemporary finishes including bespoke timber cabinetry, slate floors, underfloor heating and a gas fire place make this space not just a beautiful build, but a beautiful home.
The ground floor consists of the lock up garage with internal access, main bathroom, laundry and an oversize bedroom offering versatility as this could easily become an office without intruding on you home.
The middle level is the heart of the home with seamless flow between living, kitchen, dining and fold-able glass doors leading to a private entertaining terrace.
The top floor houses two large bedrooms and a sky lit, resort style bathroom, all with cathedral style ceilings.
Surry Hills is a well established buzzing inner-city neighborhood with endless amounts of cafes, bars, restaurants and retail outlets. Moment to central station and an easy walk to the CBD.