Striking Gisborne semicircular home finds $807,500 buyer looking for views
With a disclosed $750,000 reserve price and 14 contract requests, the weekend auction of a striking modern home at Gisborne triggered an $807,500 sale.
The 115 Outlook Lane house, with views of Mount Macdeon, sold through Julian Davies at Keatings Real Estate.
Set above Jacksons Creek, the 1.7-hectare vacant building holding was bought in late 2007 for $340,000 by Kate and Ollie Luciano.
There are views from every room through floor-to-ceiling glass along the entire length of the semicircular design of the valley where deer roam.
After their initial inspection of the site the Lucianos took a sketch made on butcher's paper to the architect Design Edge, who came up with a structure designed as a series of 12 wedge-shaped segments, each supported by a framework of high-strength steel columns and beams and spanned by extra-thick laminated glass panels.
The Mark at Sydney's Central Park
Now, all signs point south for this market. A year ago vacancies were near zero but today they’re approaching 5%. Price growth has stopped and, according to Australian Property Monitors’ price graph, has started to dip below the red line.
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Atria Apartments in Hawthorn offers buyers an opportunity to invest in one of Melbourne’s finest suburbs.