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Balnarring Beach house with $8million price to break real estate record: Australian house prices

A charming beach house covered in vines with a beautiful indoor and outdoor lounge area, a luxurious master suite and a record-breaking kitchen bar.

The oceanfront oasis, which is on the market with an asking price of $8 million, is located an hour and 15 minutes south of Melbourne in Balnarring Beach and is just a short walk down a private path to the waterfront.

If sold at the top of its price range, the four-bedroom, two-bathroom home would be the most expensive property in Balnarring Beach, compared to a multi-story beachfront home that sold for $7.5 million in April.

An incredible light-filled family room is the heart of the four bedroom house, blurring the lines between indoors and out as it opens on both sides to the entertaining terraces, surrounding gardens and coastal bushland.

Through a garden of coastal bushland and behind a vine-clad facade lies a luxury home with a beautiful indoor-outdoor lounge, luxurious master suite and kitchen bar, just meters from the beach

Through a garden of coastal bushland and behind a vine-clad facade lies a luxury home with a stunning indoor-outdoor lounge, opulent master suite and kitchen bar, just yards from the beach

An incredible bright family room is the heart of the four bedroom house, blurring the lines between inside and out as it opens on either side to the entertaining terraces, surrounding gardens and coastal bushland

An incredible bright family room is the heart of the four bedroom house, blurring the lines between inside and out as it opens on either side to the entertaining terraces, surrounding gardens and coastal bushland

The oceanfront oasis is located on Balnarring Beach, just an hour and 15 minutes south of Melbourne and just a stroll down a private coastal scrub path to the waterfront

A huge servery window in the kitchen shows the scenic view through the leafy garden to the ocean and acts as a private bar

The oceanfront oasis is located on Balnarring Beach, just an hour and 15 minutes south of Melbourne and just a stroll down a private coastal scrub path to the waterfront

Property values ​​in Australia skyrocket to $10 TRILLION as house prices in some places soar up to 30 percent in just a year

The value of Australian homes has risen above $10 trillion for the first time on the back of 18 months of record low interest rates.

The combined value of all houses and apartments rose 21.4 percent in the year to March, when the Reserve Bank’s cash interest rate was still 0.1 percent.

An annual increase of $1.8 trillion, compared to $8.4 trillion a year earlier, brought the total value of residential assets to an all-time high of $10.2 trillion, the Australian Bureau of Statistics announced Tuesday.

Melbourne, which like Sydney was locked up for much of last year, saw a more moderate increase of 9.4 percent to $930,000. As the value of Australian homes has risen above $10 trillion, RateCity research director Sally Tindall said stricter lending rules are already slowing the market.

The spacious living room has high vaulted ceilings and a cozy fireplace and opens into the dining area with a unique sea urchin-inspired pendant lamp adding to the coastal feel of the house.

With a window back wall, smooth wood countertops, exposed shelves, and a butler’s pantry, the sleek kitchen is the envy of many home cooks.

A huge servery window in the kitchen shows the scenic view through the leafy garden to the ocean and acts as a private bar.

In addition to the main room, there are two outdoor entertaining areas, one covered with plenty of room to lounge in the sun as it sets, gardens filled with lush bamboo trees, a fire pit for cooler nights and an outdoor kitchen.

The spacious living room has high vaulted ceilings and a cozy fireplace and flows into the dining area with a unique sea urchin-inspired pendant lamp adding to the coastal feel of the house

The spacious living room has high vaulted ceilings and a cozy fireplace and flows into the dining area with a unique sea urchin-inspired pendant lamp adding to the coastal feel of the house

With a window back wall, smooth wood countertops, exposed shelves, and a butler's pantry, the sleek kitchen is the envy of many home cooks

With a window back wall, smooth wood countertops, exposed shelves, and a butler’s pantry, the sleek kitchen is the envy of many home cooks

The primary bedroom is privately located at the back of the house

It features an open walk-in closet and a luxurious bathroom with a free-standing bath to relax in

The primary bedroom is privately located at the back of the house and features an open walk-in closet and a luxurious ensuite with a free-standing bath to relax in.

In addition to the main room, there are two outdoor entertaining areas, one covered with plenty of room to lounge in the sun as it sets, gardens filled with lush bamboo trees, a fire pit for cooler nights and an outdoor kitchen

In addition to the main room, there are two outdoor entertaining areas, one covered with plenty of room to lounge in the sun as it sets, gardens filled with lush bamboo trees, a fire pit for cooler nights and an outdoor kitchen

The primary bedroom is privately located at the back of the house and features an open walk-in closet and a luxurious ensuite with a free-standing bath to relax in.

Separate from the main house is a beautiful guest house with high A-frame ceilings, stylish terrazzo floors, a queen-size bed and bunk beds.

Sellers Naomi and Peter Butterss met the previous owners after renting the beautiful home for weekend getaways and vacations and purchasing the 709 sq. ft. property in 2018 for $4 million.

Separate from the main house is a beautiful guest house with high A-frame ceilings, stylish terrazzo floors, a queen-size bed recess and bunk beds

Separate from the main house is a beautiful guest house with high A-frame ceilings, stylish terrazzo floors, a queen-size bed recess and bunk beds

Sellers Naomi and Peter Butterss met the previous owners after renting the beautiful home for weekend getaways and vacations and purchasing the 709 sq. ft. property in 2018 for $4 million

Sellers Naomi and Peter Butterss met the previous owners after renting the beautiful home for weekend getaways and vacations and purchasing the 709 sq. ft. property in 2018 for $4 million

The charming toad is now on the market and Mr. and Mrs. Butterss hope to raise $7.3 million - $8 million from the sale

The charming toad is now on the market and Mr. and Mrs. Butterss hope to raise $7.3 million – $8 million from the sale

“We came across (the house) on a vacation website and couldn’t believe such a unique location existed… we rented the house several times and got to know the owners,” Ms Butterss said. realestate.com.au

The charming block is now on the market and Mr. and Mrs. Butterss hope to raise $7.3 million – $8 million from the sale.

Listing agent Rob Curtain of Peninsula Sotheby's International Realty Flinders said Mr and Mrs Butterss 'absolutely perfect' home has key benefits including direct access to the beach

Listing agent Rob Curtain of Peninsula Sotheby’s International Realty Flinders said Mr and Mrs Butterss ‘absolutely perfect’ home has key benefits including direct access to the beach

If sold in the higher end of its price range, the four-bedroom, two-bathroom home would be the most expensive property in Balnarring Beach, beating a multi-story beachfront home (pictured) that sold for $7.5 million

If sold in the higher end of its price range, the four-bedroom, two-bathroom home would be the most expensive property in Balnarring Beach, beating a multi-story beachfront home (pictured) that sold for $7.5 million

The huge home that was sold in April also has four bedrooms and another bathroom, is spread over three levels and has a retro design, multiple decks, a top-floor lookout tower, and stunning ocean views.

The huge home that was sold in April also has four bedrooms and another bathroom, is spread over three levels and has a retro design, multiple decks, a top-floor lookout tower, and stunning ocean views.

The huge house that was sold in April also has four bedrooms and another bathroom, is spread over three levels and has a retro design, multiple decks, a top-floor lookout tower and beautiful ocean views.

Listing agent Rob Curtain of Peninsula Sotheby’s International Realty Flinders said Mr and Mrs Butterss’ “absolutely perfect” home has great benefits, including direct access to the beach.

“It really has a bit of a heartbeat,” he said.

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