Vly News - Professional news Platform

Sydney’s picturesque seaside manor owned by F45 co-founder Adam Gilchrist will be hammered after the Australian fitness giant’s stunning fall. Gilchrist (not a cricketer), who stepped down as chief executive of F45 last week amid plummeting shares and company-wide layoffs, is selling his “waterfront trophy house” at Freshwater on Sydney’s north coast. The house, 52 Ocean View Rd, rose to prominence in 2018 when Gilchrist and his wife Eli purchased the property for $14 million due to a minor dispute with neighbors. Camera Icon F45 co-founder Adam Gilchrist will auction his home in northern Sydney. Clarke & Humel Credit: provided The couple had purchased a three-bedroom cottage at 50 Ocean View Rd for $5.4 million in 2017 and plan to spend $2.5 million developing the property. But neighbors complained that it didn’t match the building’s height or control limits, which led Gilchrist to take the extraordinary step of withdrawing his proposal and settling the issue by buying his ne

Sydney’s picturesque seaside manor owned by F45 co-founder Adam Gilchrist will be hammered after the Australian fitness giant’s stunning fall. Gilchrist (not a cricketer), who stepped down as chief executive of F45 last week amid plummeting shares and company-wide layoffs, is selling his “waterfront trophy house” at Freshwater on Sydney’s north coast. The house, 52 Ocean View Rd, rose to prominence in 2018 when Gilchrist and his wife Eli purchased the property for $14 million due to a minor dispute with neighbors. Camera Icon F45 co-founder Adam Gilchrist is selling his beautiful home on Sydney’s north coast. Clarke & Humel Credit: provided The couple had purchased a three-bedroom cottage at 50 Ocean View Rd for $5.4 million in 2017 and plan to spend $2.5 million developing the property. But neighbors complained that it didn’t match the building’s height or control limits, which led Gilchrist to take the extraordinary step of withdrawing his proposal and settling the issue by

As interest rates continue to rise, some real estate experts expect an increase in apartment sales across Australia due to the large gap between the average house and unit prices. The Reserve Bank last week increased its interest rate target by 50 basis points to 1.35 percent. It also increased the interest rate on the exchange’s settlement balance by 50 basis points to 1.25 percent. James Kirkland, director of sales for national real estate agency Upside Realty, told NCA NewsWire that buyers’ borrowing power is dwindling and it’s being felt across the property market. Kirkland said he hopes the lifestyle apartments, which offer green space and amenities, will be seen as a viable alternative for those who can no longer afford a home. “Since March 2020, the value of the capital city unit has increased 9.8 percent, compared to 24.7 percent for houses, which makes it a more affordable option for the community,” he said. Camera Icon Lifestyle apartments, which offer green space and ameniti