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The landmark White House in Bright offers some of the best views in Victoria

A Grade II listed hilltop house with a secret wine cellar, sunken trampoline and sparkling pool captures some of the best views in Victoria.

Known as the ‘White House’, this sprawling five bedroom townhouse was built over two years on an alpine slope overlooking the seaside town of Bright, 323km north of Melbourne.

The house on a 2,600 sq ft block, set over two levels, has been designed to make the most of the 200-degree panorama over the surrounding mountains – and the unparalleled vistas could quickly restore the region’s home price record if it raises the asking price of $3.45 million.

With Australian property prices soaring at their fastest pace since the late 1980s, the owner has decided to monetize as demand for lavish homes in tourist hotspots a short drive from a capital city rises.

This Grade II listed hilltop home with a secret wine cellar, in-ground trampoline and sparkling pool captures some of the best views in Victoria

This Grade II listed hilltop home with a secret wine cellar, in-ground trampoline and sparkling pool captures some of the best views in Victoria

Known as the 'White House', the sprawling five-bedroom townhouse was built over two years on an alpine slope overlooking the seaside town of Bright, 323km north of Melbourne

Known as the 'White House', the sprawling five-bedroom townhouse was built over two years on an alpine slope overlooking the seaside town of Bright, 323km north of Melbourne

Known as the ‘White House’, the sprawling five-bedroom townhouse was built over two years on an alpine slope overlooking the seaside town of Bright, 323km north of Melbourne

Dickens Real Estate Director Gerard Gray believes the house will definitely establish itself in local history.

“It will break that record, which we set only this year,” Mr Gray told the Daily Mail Australia.

The current benchmark is the $2.25 million paid in June for a five-bedroom on Lowen Drive, paving the way for the hillside path to top it with more than $1 million.

“It’s the best house in the best place,” Mr. Gray added.

As if the views aren’t enough, the home features every luxuries imaginable, including two open plan living areas and a dining area under decorative lighting and a high truss ceiling.

The house has every imaginable luxury, including two open-plan living areas and a dining area under decorative lighting and a high truss ceiling

The house has every imaginable luxury, including two open-plan living areas and a dining area under decorative lighting and a high truss ceiling

The house has every imaginable luxury, including two open-plan living areas and a dining area under decorative lighting and a high truss ceiling

Set over two levels, the house on a 2,600 sqm block has been designed to make the most of the 200-degree panorama over the surrounding mountains

Set over two levels, the house on a 2,600 sqm block has been designed to make the most of the 200-degree panorama over the surrounding mountains

Set over two levels, the house on a 2,600 sqm block has been designed to make the most of the 200-degree panorama over the surrounding mountains

One of the notable features is a walk-in closet with a chandelier (photo)

One of the notable features is a walk-in closet with a chandelier (photo)

One of the notable features is a walk-in closet with a chandelier (photo)

The house has five bedrooms (one pictured) and two resort-style bathrooms

The house has five bedrooms (one pictured) and two resort-style bathrooms

Real estate agent Gerard Gray describes it as 'the best house in the best place'

Real estate agent Gerard Gray describes it as 'the best house in the best place'

The house has five bedrooms (one pictured) and two resort-style bathrooms

The kitchen is fitted with premium stone countertops, as well as a butler’s pantry and a ‘secret’ wine room hidden under the stairs.

Other notable features include a library corner with a window seat, two resort-style bathrooms and a master suite complete with a walk-in closet with mirror, chandelier and private balcony.

There is also a four-car garage, a ski clothes dryer, heating and cooling ducts, a sewing room and a mudroom.

The broker said the past year has been the “busiest” of his 20-year career, with brokers inundated with offers and requests for one-off properties.

“Essentially it’s been 12 months of madness,” he said.

“It’s the busiest year I’ve been through and I’ve been working on this for 20 years.”

The kitchen is fitted with premium stone countertops, as well as a butler's pantry and wine room hidden under the stairs.

The kitchen is fitted with premium stone countertops, as well as a butler's pantry and wine room hidden under the stairs.

The kitchen is fitted with premium stone countertops, as well as a butler’s pantry and wine room hidden under the stairs.

The unparalleled vistas could quickly reset the regis house price record if it hits its $3.45 million asking price.

The unparalleled vistas could quickly reset the regis house price record if it hits its $3.45 million asking price.

The unparalleled vistas could quickly reset the region’s home price record if the house hits the $3.45 million asking price

The current benchmark is the $2.25 million paid for a five-bedroom on Lowen Drive in June

The current benchmark is the $2.25 million paid for a five-bedroom on Lowen Drive in June

That clears the way for the hillside path to surpass it by more than $1 million

That clears the way for the hillside path to surpass it by more than $1 million

The current benchmark is the $2.25 million paid for a five-bedroom on Lowen Drive in June, paving the way for the hillside path to surpass it by more than $1 million.

The terrace overlooks the alpine resort of Bright

The terrace overlooks the alpine resort of Bright

The terrace overlooks the alpine resort of Bright

Mr Gray believes that unprecedented demand is being driven by remote working arrangements, which eliminate the need for professionals to live in major cities.

“Bright has always been popular for vacation homes and the like, but these days it’s just mental,” he said.

‘Holiday homes have almost become fake homes because people are more flexible with work. They can come four or five days in a row instead of a weekend.’

Across Australia there has been a 20.3 percent annual increase in property prices, the strongest since July 1989, when interest rates stood at a now staggering 17 percent.

Sydney’s northern beaches saw an annual increase of 37.2 percent, with the Richmond-Tweed area of ​​northern New South Wales – including Byron Bay – climbing 30.8 percent, surpassing Greater Sydney’s 26 percent increase.

Real estate agent Gerard Gray believes unprecedented demand for homes like this is being driven by remote working schemes, which eliminate the need for professionals to live in major cities

Real estate agent Gerard Gray believes unprecedented demand for homes like this is being driven by remote working schemes, which eliminate the need for professionals to live in major cities

Real estate agent Gerard Gray believes unprecedented demand for homes like this is being driven by remote working schemes, which eliminate the need for professionals to live in major cities

The spectacular pad (pictured) is on the market for $3.45 million

The spectacular pad (pictured) is on the market for $3.45 million

The spectacular pad (pictured) is on the market for $3.45 million

Record-low interest rates set home price records in 88 percent of Australia’s property markets, with coastal regional areas outperforming capital cities as more professionals started working from home, eliminating the need to live in major cities. live.

In August, house prices hit new peaks in 69 of Australia’s 78 real estate submarkets, based on a grouping of suburbs and cities.

Detached houses with a garden are especially popular, so the number on the market has fallen.

But financial experts warn that prices in suburban areas could fall by 20 percent, while apartment values ​​could drop by as much as a third when the boom inevitably ends.

Aussie Home Loans founder John Symond said he fears prices have risen “too far, too fast” and called them “insane.”

A 20 percent drop in some suburbs would plunge Sydney’s average home price by $258,690, from an all-time high of $1,293 million, while a similar catastrophe in Melbourne would drop prices by $190,900, from $954,496.

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