Journal.

Another record set, $11 million in City beach.

Cottesloe home built by Giorgi sets the benchmark for 2024.

2 Minute Read

Date08.05.2024

CategoryNews

AuthorBusiness News

Giorgi designed and Built home in Cottesloe sets the benchmark for 2024.

Perth’s real estate market marks its inaugural $10 million dollar sale of 2024 in Cottesloe.

This remarkable four-bedroom residence, architecturally design and built by Giorgi was honoured as the 2016 HIA Custom Built Winner for its price category. Boasting a host of luxurious features, including a double-storey, glass-floored, fully air-conditioned wine cellar.

The recent buyers will have the ocean at its doorstep and will enjoy a tranquil street lined with Norfolk pines. The living room showcases a retractable glass wall leading to an expansive marble-tiled balcony, offering sweeping views of the pool and ocean.

 

Cottesloe emerged as a focal point of the post-pandemic real estate surge, witnessing a staggering 58% surge in property values over the past five years, as reported by the Real Estate Institute of WA. This growth outpaces that of Greater Perth, which experienced a 25% increase over the same period.

This is another example that highlights the importance of safeguarding one of your most valuable assets by ensuring that both a well-considered design and build approach is executed and delivered by one of Australia’s most awarded and recognised architect builders.