Sylvania

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<p>The former RBA governor Glenn Stevens and wife Susan have joined the early bird spring property auction listees.</p>
<p>The downsizers are selling their five bedroom, two storey Sylvania Waters home after 27 years ownership.</p>
<p>The Sutherland Shire has been among Sydney's recent top regions securing an 75 per cent success rate during August.</p>
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<p>It was 56 percent last August.</p>
<p>Sydney saw an 81 percent preliminary clearance rate across its 444 weekend auctions, according to CoreLogic. Listing volume was down on one year ago, when 572 auctions returned a 52 percent final clearance.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/19/Glenn%20Stevens%202.jpg" alt=""></p>
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<p>The 61 year old Stevens, who was at the central bank between 1980 and 2016, and is now a Macquarie Group director, joins the sellers who have signed up for September auction hoping the price recovery is underway.</p>
<p>Last week the RBA deputy governor Guy Debelle indicated "there is evidence that the decline in housing prices has reached its end."</p>
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<p>Marketed as an "immaculate family home," its McGrath agent David Greig has the Stevens' home for September 7 auction with a $1.7 million to $1.8 million price guide. The couple paid $312,500 on a non-waterfront holding in 1992 for their home with their two children.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/19/Glenn%20Stevens%203.jpg" alt=""></p>
<p>Three years ago the four bedroom home next door sold for $1,625,000.</p>
<p>In 2007, he deprecatingly told a House of Representatives hearing, "My house is not a fibro house, but it is a piece of spec rubbish built in the 1970s, and in many respects it shows that”.</p>
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<p>Stevens had the cash rate at 1.5 percent on his 2016 departure.</p>
<p>The current governor Dr Philip Lowe has taken it to a historic low one percent, and signalled it could go to zero.</p>
<p><a href="https://www.realestate.com.au/property-house-nsw-sylvania+waters-131730694" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.realestate.com.au/property-house-nsw-sylvania%2Bwaters-131730694&amp;source=gmail&amp;ust=1566189075224000&amp;usg=AFQjCNF5FyCHPNrbCCa7ceaTDiA071iSpw">T</a>his article was first published in the Saturday Daily Telegraph.</p>
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Retired RBA governor Glenn Stevens lists in Sutherland Shire

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<p><span>The Sylvania trophy Palazzo Georges, home to flamboyant rag trader George Georges and his wife Cathy has been listed with $20 million hopes.</span></p>
<p><span>Occupying three lots totalling over 1400 sqm on the Georges River, the mansion has 15 rooms, five bedrooms, an internal elevator, home cinema, customised wet bar and a home office.</span></p>
<p><span>The circular dining room even rotates.</span></p>
<p><span>Outside on the waterfront there's a private deepwater jetty, three pontoons and boathouses which can be seen from the wide outdoor entertainment terraces and swimming pool.</span></p>
<p><span>The former home on the site was owned by furniture retailer Keith Lord and his wife Jean in the 1960s, and then the late Formula One champion Sir Jack Brabham in the 1970s.</span></p>
<p><span>The Georges's bought the three lots in 2002 for a then suburb record $4.3 million and built the opulent mansion designed by Chris Tsioulos, of CMT Architects.</span></p>
<p><span><a href="https://www.realestate.com.au/property-house-nsw-sylvania-122633510">It is listed through</a></span><span> Sotheby’s inconjunction with DJW Property’s Dave Watkins.</span></p>
<p><span>The shire’s house record was set two years ago at $8.5 million when hotelier Geoff Redmond sold his waterfront home in Caringbah South to Adam Yu.</span></p>
<p>The median price for houses in Sylvania is $1,210,000, according to CoreLogic RP Data.</p>
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