Home' Illawarra Mercury : July 17th 2010 Contents IMD D002
2 DOMAIN, Saturday July 17, 2010
Cliff Rd the place to be
No 38 Cliff Rd boasts five bedrooms, seven bathrooms and 14 car spaces and stunning harbour and ocean
Pinnacle is set on 55 acres (22.2ha) on Stockyard Mountain, which is
nestled between Albion Park and Jamberoo.
Cliff Rd has long been considered
one of Wollongong's most exclusive
locales and the chance to secure your
spot at number 38 is less than a
The former home of Wollongong
developer John Carson, the property
boasts no less than five bedrooms,
seven bathrooms and a whopping 14
car spaces along with ground floor
formal and informal living areas plus
a top floor family room.
It sold for $3.7 million in 2006 to
businessman David Wakeford and the
Big Bert company. Big Bert went into
receivership last year and the property
was placed on the market.
But although the 557sqm of living
areas and 404sqm of balconies are
nothing to sneeze at, the real eye-
catcher here are stunning views from
every level over the harbour and
Cliff Rd hit the headlines earlier
this year after work began on the digs
of mining magnate and Illawarra
Mercury person of the year Arun
Jagatramka, who will call number 64
home after he paid $5 million for the
site in 2008.
Number 38 Cliff Rd will be
auctioned on site on Saturday, July
24, at 10am. It is listed with Simon
Kersten through his Colliers
Peak of perfection
A unique property in a stunning
location has picked up a pair of gongs
at the recent Regional Building
Awards for Excellence held by the
Master Builders Association.
Dubbed the ''peak of perfection'',
''Pinnacle'' is set on 55 acres (22.2ha)
on Stockyard Mountain, which is
nestled between Albion Park and
The property attracted attention
earlier this year not just for a
breathtaking panoramic view of the
coast, but for a design that managed
to blend modern architectural features
with economic and environmental
Owners Nathan and Sherina Peck
from Jamberoo's Impeckable
Constructions picked up Best
Contract Home over $1 million and
the Best Sustainable Energy Award at
the MBA awards on July 3.
Judges commented that the owners
had ''gone to great lengths in the
production of a high quality residence
that encompasses a very high
standard of workmanship'', while in
the sustainable energy section
Pinnacle was dubbed a ''fine example
of self sufficiency''.
Nowra architects BHI were
responsible for the property's design
and split the home into two pavilions
linked by a glass-sided breezeway.
A ''less is more'' philosophy was
wholeheartedly embraced, with
gutters, downpipes and hot water
systems hidden from sight and
gardens and landscaping displaying a
The home is designed to be
completely self-sustainable in regards
to water and electricity, offering
200,000 litres of water storage and
120 solar panels to generate
The living pavilion also features a
built-in fireplace in the lounge room,
along with tiered platforms for easy
viewing of the home entertainment
The sleeping and bathing pavilion
offers a main bedroom with ensuite
and an outdoor stone bath on a timber
deck, a guest suite and four double
bedrooms that look out onto the view.
A raised kitchen garden bed
between the pavilions contains
various herbs and mandarin, lemon,
lime and orange trees.
A salt water in-ground swimming
pool is located adjacent to the home's
living pavilion, making it easily
accessible for entertaining and
includes LED colour changing lights
for night-time gatherings.
The chance to call Pinnacle home
is now open for those who can afford
its $3.275 million price tag, with
Elders Jamberoo marketing the
Travel back in time with Thirroul's
''Ballindery'' estate, a stunning blend
of past and present.
Made up of two residences, along
with a caretaker's cottage, it is set on
just over half an acre (0.2ha) of
perfectly manicured grounds, and
dates back to the early 1900s when it
was built for the Kirton family.
Today, it is occupied by its owners
of 45 years and maintains many of its
original features including four
bedrooms, two bathrooms, large
kitchen, dining and living areas and
an open f ireplace opening onto north-
The second dwelling offers a
private setting of four bedrooms, two
bathrooms, two living rooms and
double lock-up garage. The
caretaker's cottage would make an
ideal granny flat.
Ballindery is on the market for
$1.9 million and more information is
available from Wayne Bennett at
R&W Real Estate Thirroul.
Available for rent
The percentage of available Illawarra
rental properties rose in May, bucking
a downward trend in Sydney and
The latest statistics from real estate
and property professional association
REINSW show the May rental
vacancy rate for Sydney dropped 0.1
per cent to 1.2 per cent, while
Newcastle recorded a sharper drop of
0.3 per cent to 1.6 per cent.
In the Illawarra, the vacancy rate
jumped strongly by 0.4 per cent to 1.3
Despite the positive result for the
region, the latest vacancy f igure is
still well below the 1.8 per cent
recorded in December last year.
REINSW President Wayne Stewart
said much of the state was still in the
grip of a rental crisis and called on the
state government to take action.
He said more incentives for
property investors, coupled with
better planning laws were needed
before the rental market would show
any solid improvement.
Consecutive interest rate hikes are
keeping borrowers out of the home
finance market, according to a survey
by mortgage broker Loan Market.
The online survey of 406 people
was car ried out last month and found
that 42 per cent of respondents
blamed six rate rises by the Reserve
Bank between October 2009 and May
2010 as having the most negative
impact on borrowers in recent times.
Banks also copped a spray, with 22
per cent of respondents citing banks
moving rates independently of the
RBA as a major concern.
Almost one in four respondents
pointed to the ending of the boosted
federal government First Home
Owners Grant, which had been
doubled from $7000 to $14,000 for
established homes as a major
deterrent, while 13 per cent blamed
reduced competition between lenders.
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