Demand for a quieter lifestyle is expected to continue across the Hills’ semi-rural fringes as buyers look to secure acreages and make a move from higher density suburbs. It follows a year of solid growth and record auction results in the region, with Galston one of the stand-out performers. According to CoreLogic the suburb’s median house price jumped 36 percent to $1.86m in the 12-month ending in November.
“Galston is a popular choice for families because of its close proximity to popular schools such as Northholm Grammar and Barker College. It has a wonderful sense of community, a thriving village centre and the beautiful gardens of Fagan Park,” said agent and auctioneer Kate Lumby.
“It also offers a mix of dwellings including both residential and acreages, making it attractive to a range of buyers.”
Topping sales under the hammer was 10 Towner Rd which fetched a record $5.45m in December through Lumby Hampson. The seven-bedroom residence, set on a magnificent 1.72ha estate, had been masterbuilt for the original owner of Chateau Homes.
Among its features is an entertainment pavilion _designed by Rolling Stone Landscapes _ showcasing a stone fireplace, galley kitchen with teppanyaki barbecue and pizza oven. “It is an absolutely amazing property – just insane – it is ‘next level’ in outdoor entertaining and lifestyle,” said agent Will Hampson.
Glenorie also recorded solid growth with CoreLogic figures showing its median house price increased 20 percent to $2.14m in the year ending in November.
Strong results at auction saw Lumby Hampson achieve a suburb average sale price of $3.326m. A newly constructed five bedroom home at 1313 Old Northern Rd became the most expensive lifestyle estate when it fetched $4.35m under the hammer. Also selling, 11 Munros Lane and 5 Abbott Place, both Glenorie properties sold at auction for $4.1m.
For more information: Kate Lumby – 0414 620 333 or Will Hampson – 0414 620 222
