An Award-Winning Home Hits The Perth Market
By Terry Christodoulou
Fri, Feb 19, 2021 4:54am
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A combination of technology, sustainability and luxury – 42 Hobbs Avenue, Dalkeith, WA is an multi-award-winning home by Giorgi Exclusive Homes is an indulgent display in the sought after enclave of Dalkeith.
The combination of soaring ceiling heights, glass walls and the use of architectural voids sees the residence create a capacious, light filled home spread across an 1103sqm plot.
The 5-bedroom, 3-bathroom, 4-car garage home boasts Carrara marble tiling underfoot that is heated by a cutting edge under-floor hydro cooling and heating system throughout.
The main living area – which sees the lounge, dining – is fitted with a gas fireplace amd extends to one of the three kitchens in the home fitted with Gaggenau appliances and a Corian benchtop, supplemented by a scullery.
Entertaining is not limited to the indoor spaces, with the living area spilling outdoors to the alfresco lounging area replete with outdoor kitchenette, pizza oven and infinity pool. Elsewhere, the residence boasts an expansive wine cellar, including temperature-controlled cellaring.
The main bedroom sees an oversized ensuite, complete with marble adornments along with an elongated walk-in robe. The other bathrooms throughout the residence match with marble tiling.
Also upstairs is a retreat and expansive study area which is accessible via the internal lift or the stairs.
Throughout the home, a number of sustainability measures including underground rainwater tanks and recycled grey water as well as clever features including remote energy management and a smart home system that controls the intercom, lighting and shutters.
Sat in the enviable suburb of Dalkeith it offers the best of Perth’s village life, the residence is nearby Perth Flying Squadron Yacht Club and the Swan River.
The listing is with Shengxi Li from Honsun Realty (+61 487 380 423). Asking price; $7m.
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The typically busy spring season for the housing market was a dud, and the summer isn’t looking much brighter.
Housing services companies like Zillow Group and Rocket RKT +3.78% were loud and clear last week on earnings calls: Rocket CEO Varun Krishna called the quarter through June “one of the toughest spring housing markets in years.”
Jeremy Hofmann, Zillow’s chief financial officer, said on a conference call that the company predicted earlier this year that the market for mortgages would be flat. “We actually now think it’s going to be down low-to-mid-single digits,” he said.
The rest of 2026 will remain challenging for mortgage origination volume, says KBW analyst Bose George. The question now is what happens in 2027. “If mortgage rates remain [around] 6.75%, I think that’s going to be challenging even for next year,” he says.
But what’s bad news for mortgage companies could be a positive for bargain hunters. Buyers can expect prices to grow more slowly—or mildly decline—with less competition as long as mortgage rates remain unpredictable.
Mortgage rates at the beginning of the year were solidly below year-ago levels, notes Zillow senior economist Kara Ng. But they surpassed last year’s levels recently, she adds, referencing Freddie Mac’s weekly survey of 30-year fixed mortgage rates. Last week’s reading, at 6.69%, was higher than year-ago levels for the first time in 2026.
“From the affordability point of view, it’s going to get more challenging in the second half of the year,” she says. “And when affordability gets more challenging, that impacts sales and home price appreciation.”
Mortgage application data tracked by the Mortgage Bankers Association has cooled since the beginning of the year. The trade group expects that the number of mortgage originations in the remaining two quarters will lag behind last year’s levels, after exceeding 2025 levels in the first half.
Rocket’s early-stage data—which the company told Barron’s it derives from its brokerage Redfin, demand for its mortgage products, and signs in its servicing portfolio that a homeowner is preparing to refinance or move—“leads us to expect the third quarter mortgage market to be smaller than the second,” Chief Financial Officer Brian Brown, said on the company’s call. He added that such an occurrence is “something the industry has not seen since 2022.”
Prices will be about flat nationally, Ng says. Zillow’s most recent forecast, which shows how values are expected to change in the year ending June 2027, show them dropping in roughly half of the 100 largest U.S. metros for which data is available.
Buyers aren’t rushing in at a time when mortgage costs are rising and unpredictable. But those with the right combination of patience and cash could stand to benefit. “If you are financially qualified to buy a starter home, you are facing less competition and you’re more likely to get a price cut,” Ng says.
