The results of a new survey have revealed what property investors are most concerned about in the current market but also found that they feel more positive than other property owners.
According to the latest edition of ME’s Quarterly Property Sentiment Report, perceptions of the market is mixed. A slim majority feel neutral towards the market (37 per cent), while more than a third feel positive (35 per cent) and 28 per cent feel negative.
However, investors feel more positive than owner-occupiers or first home buyers, at 44 per cent of respondents.
According to ME’s general manager of home loans, Andrew Bartolo, the positivity in investors and younger age brackets shows the sentiment that price declines provide a good opportunity to purchase property.
Property investors are also optimistic about property prices. More investors expect the value of their property to rise over the next 12 months more than those who think they will hold steady or decline; 32 per cent are expecting a rise, as opposed to 30 per cent expecting declines and 30 per cent not expecting any movement.
Overall, property owners in metropolitan Tasmania are expecting value rises the most at 50 per cent, followed by those in metropolitan NT (40 per cent), and then metropolitan South Australia and Queensland, both at 36 per cent.
“Enduring positivity about price expectations is possibly linked to Australians’ long-held belief that property prices will always go up,” Mr Bartolo said.
Given that a large proportion expect prices to rise in the next 12 months, 58 per cent of respondents plan to sell their property, while 34 per cent plan to buy property.
For investors, 44 per cent plan to buy property and 23 per cent plan to sell. Two-fifths (39 per cent) said they do not plan to buy or sell.
The largest property fears
First home buyers are most concerned with housing affordability (94 per cent), followed by owner-occupiers (87 per cent). Investors are least concerned, at 83 per cent.
Affordability was a greater concern for investors than many other issues, such as: switching from interest-only loans to principal and interest loans (at 74 per cent), the value of their property declining (64 per cent), declining property prices resulting in owing more on a property (53 per cent), and tighter credit policies making refinancing more difficult (53 per cent).
“People often forget house prices doubled in recent years, so falls of 10-15 per cent won’t do much to improve affordability over the long term,” Mr Bartolo said.
“Concerns about credit may change given the recent APRA announcement on serviceability.”
Meanwhile, 59 per cent of investors were happy that property prices were declining, which could make property purchases a more appealing option.
“Cooling property prices present new opportunities for those trying to get into the market,” Mr Bartolo said.
“If you’re planning to buy, it’s important to think long-term and always buy affordable.”
“Consider whether you can comfortably repay your mortgage over the long term regardless of changes to interest rates, your lifestyle, and without having to rely on less dependable sources of income like rent and bonuses.”
BRISBANE house prices are continuing to grow, with new figures revealing they have hit a record high for the 26th straight quarter — making the Queensland capital the envy of its cooling counterparts.
The latest Real Estate Institute of Queensland Market Monitor, to be released today, shows the annual median house price within the city’s local government area rose 1.1 per cent in the 12 months to the end of December to reach a new high of $675,000.
The Brisbane LGA median house price has jumped 25.9 per cent since December 2013, when it was $535,000.
The last time the city recorded an annual drop in its median house price was back in December of 2012, according to the REIQ, but it has climbed slowly and steadily ever since.
According to the REIQ, Brisbane’s housing market “continues to be one of the nation’s most consistent capital-city performers”, delivering moderate but sustainable price growth — so far defying the downturn gripping Sydney and Melbourne.
Among the top suburbs for house price growth in the Brisbane local government area were Sandgate, Hendra, Mount Ommaney, Albion and Hemmant.
TOP GROWTH SUBURBS FOR HOUSES IN BRISBANE LGA
Suburb Median price Annual change %
1. Sandgate $750,000 18.1%
2. Hendra $1.115m 14.7%
3. Mount Ommaney $1m 13.8%
4. Hemmant $545,000 13.3%
5. Albion $858,000 13%
(Source: REIQ, based on 12mths to December 2018)
REIQ chief executive Antonia Mercorella said the figures showed Brisbane house values had continued to rise at a time when many capital cities were seeing prices go backwards.
“Because (Brisbane) hasn’t experienced that incredible accelerated growth, we’re not going to have that boom/bust experience that other capitals have.” Ms Mercorella said.
But she said that while Brisbane’s growth had been buoyed by increased interstate migration, improving economic fundamentals and strong demand, its resilience was flagging.
“Brisbane has so far withstood the headwinds facing the property markets in Sydney and Melbourne,” she said.
“Our property market has all the ingredients for a strong performance in 2019, including low unemployment, high levels of infrastructure spending that is creating jobs and high interstate migration levels, which creates demand for housing.
“But what we need is a clear signal from the government that responsible lending doesn’t mean limited lending. Currently, limited access to finance is threatening to stifle the market.”
Ms Mercorella said it was realistic to expect home price growth in Brisbane to be flat for the rest of 2019, but the city had the fundamentals to “really take off” in the near future.
“There are plenty of reasons to be confident and more people are wanting to invest in the Brisbane market because of what’s happening in Sydney and Melbourne,” she said.
“Not only are we affordable, but we offer a good return on investment.”
Ms Mercorella said areas that were most likely to feel the slowdown would be the growth corridors on the outskirts of Brisbane, such as Ipswich and Logan —areas where first home buyers and investors were most prevalent.
“Investors are likely to be the ones facing most of the brunt of tougher conditions in 2019,” she said.
“In addition to a federal election, which always slows activity in the real estate market, there is the threat of looming negative gearing cuts and CGT reforms, plus Queensland investors are also facing the headwinds of a rental legislation review.
“These factors all add up to a potentially very sluggish 2019.”
But buyers’ agents say investors are recognising the growth potential in the Brisbane housing market because of its affordability and lifestyle.
Daniel Walsh, of investment buyer’s agency Your Property Your Wealth, said he had noticed a clear shift in property investment activity away from Sydney and Melbourne to Queensland in the past 12 months.
“Two or three years ago, people were wanting to invest in NSW and Victoria; now we’re seeing them turn to Queensland” Mr Walsh said.
“We had been investing heavily in Victoria over the past two to three years, but yields have started to diminish.
“It’s more attractive in Brisbane in terms of investors seeing greater rental returns and affordability.”
Mr Walsh is forecasting Brisbane to be a standout performer over the next three to five years.
“We’ve had wages increase, job numbers increase, more people are moving to the area and now all these green shoots are showing we’re ready for a boom in Queensland,” he said.
“It’s got all the ingredients for a boom, we just haven’t seen it just yet.”
Over the next six years, the top 10 infrastructure projects in the pipeline are forecast to inject $17 billion into the city and result in significant job creation.
Tourism is one of the most promising growth industries driving the local economy, according to the REIQ.
State government figures released in September show Queensland’s share of the cash international tourists spend in Australia grew more than all other states.
Tourism Industry Development Minister Kate Jones said international visitor expenditure grew 11.5 per cent — more than double the national rate.
“We also saw record highs in international visitor numbers, with 2,762,000 visitors spending $5.9 billion in Queensland,” Ms Jones said.
28 and gerard 29
Lizzy and Gerard Tibbetts are looking at buying a house in Sandgate, which recorded the strongest median house price growth in 2018.
The couple recently sold their home in nearby Brighton and have inspected a three-bedroom character home at 12 Wolsey St, Sandgate, which is on the market for offers over $749,000.
“We’re looking to have kids in the next few years, so we’re after something a bit bigger and those sorts of houses that have a bit of history,” Mrs Tibbetts said.
“That’s why we like it here — it’s by the water and has a lot of original homes.”
The pair, who have been married about 18 months, also love the community feel of Sandgate and its affordability and proximity to the CBD.
“I can get there on the train in half an hour, but not pay the prices you would in suburbs like Paddington,” Mrs Tibbetts said.
“And it’s not cut up into 300 sqm blocks!”
Marketing agent Zac McHardy of Harcourts Pinnacle – Aspley said he was not surprised Sandgate had recorded growth of more than 18 per cent in its median house price in the past year because it had been experiencing a period of gentrification.
“There’s a lot of older homes in the area with older people living there and a lot of them are being sold and people are renovating them and moving in or selling them off, and that’s making a huge difference to the area,” Mr McHardy said.
He recalls moving out of Sandgate when he was 17 because there was “nothing to do”, but that had changed dramatically.
“There’s an actual lifestyle here now,” he said.
“It’s the only place in the Brisbane City Council area on the north side of town that offers waterfront you can actually use properly.
“The whole place is just a community; just a cool place to live now.”
Mr McHardy said mostly owner occupiers were moving into the suburb, but interstate investors were also buying in.
“We’re already seeing the difference (in price),” he said.
“Shorncliffe is just too expensive, so people move to Sandgate, but it’s now starting to become expensive, so they’re moving to Brighton and then they’ll move to Deagon.”
Closer to the CBD, the more affluent suburb of Hendra has also recorded double digit house price growth in the past year.
The median house price has shot up nearly 15 per cent to $1.1 million.
It’s not as positive a story when it comes to the Brisbane LGA unit market, but there are solid signs of improvement.
The annual median unit price fell 2.2 per cent to $440,000 in the 12 months to December, according to the REIQ.
But some suburbs bucked the trend and recorded double-digit growth in unit prices, including Acacia Ridge, Rochedale, Yeronga, Gordon Park and Carseldine.
Agents continue to find the investor-level unit sector challenging, but demand for units aimed at owner-occupiers has improved, according to the REIQ.
The most popular price range for units in the Brisbane LGA is $350,000 to $499,000.
TOP GROWTH SUBURBS FOR UNITS IN BRISBANE LGA
Suburb Median price Annual change %
1. Acacia Ridge $444,017 36.6%
2. Rochedale $747,500 34.1%
3. Yeronga $525,000 21.4%
4. Gordon Park $382,500 17.7%
5. Carseldine $375,000 15.4%
(Source: REIQ, based on 12mths to December 2018)
Originally published as New high for Brisbane house price
2 minute read
In the lead-up to the 2019 federal election, Australians will need to consider three important tax issues that could greatly impact individual taxpayers.
Speaking to Nest Egg, Rami Brass, who leads tax services for national accounting firm RSM, said that there are currently three front runners for the top tax issues in the upcoming federal election, and they all stem from the Australian Labor Party’s proposed tax policies. These issues are changes to negative gearing, capital gains and franking credits.
Under the proposed Labor Party policy, negative gearing will be limited to new housing. Losses from negatively geared property, other than new housing, will not be allowed to be claimed against salary and wage income, but will be able to be claimed against positively geared properties, Mr Brass said.
“Individuals who have negatively geared share investments will continue to be able to offset negative gearing losses against investment income. However, as with negatively geared property, any excess losses will not be able to be offset against salary and wage income or against any future capital gain on the sale of the investment,” he said.
“Essentially, the ALP policy will result in the addition of a new category of tax loss: the investment loss. This will result in a new layer of complexity when preparing individual tax returns, with taxpayers impacted having to appropriately calculate, apply and carry forward investment losses in addition to dealing with capital losses.
“It also raises issues in regards to existing properties and what happens when loans are refinanced and there are borrowings in regards to improvements on existing rental properties.”
Australians who have or are looking to acquire investment assets may also be impacted by Labor’s proposed policy to halve the capital gains tax discount from the current 50 per cent to 25 per cent.
“It is not all bad news, though, with the ALP indicating the policy will not apply to investments made before the implementation date and will be fully grandfathered, in line with the approach to negative gearing changes,” Mr Brass said.
“Combined with the proposed ALP limitations on negative gearing, individual taxpayers looking to capitalise on existing tax concessions to build their wealth will face challenging times with complex and conflicting changes to existing law.”
Finally, the Labor Party is proposing to disallow cash refunds of imputation credits. Under current laws, the imputation credit system allows a taxpayer to be entitled to a credit for the tax paid on dividends paid by companies to shareholders, Mr Brass said.
“A taxpayer who receives franked dividends can use the imputation credit to reduce their tax payable, and where there is no tax payable, or excess imputation credits, the taxpayer is entitled to a cash refund,” he said. “Under the proposed ALP policy, individual taxpayers will no longer be eligible for refunds of excess franking credits.”
Mr Brass said that the original intent of the imputation system was to prevent double taxation, so shareholders who would ultimately be taxed at marginal rates on the distribution of company profits would receive a credit for the share of tax paid by the company on that profit.
“The concern of the ALP, which may be justified to an extent, is that where the marginal tax rate of the individual is lower that the company tax rate, the government loses out on tax revenue,” he said.
“Unfortunately, the individual taxpayers likely to be impacted most by the proposed change will be low-income earners which on face value appears unfair and inconsistent with overall ALP policy.”
The IMF found that Australia’s five largest banks’ CET1 ratios fell from 10.6 per cent to only 7.2 per cent, comfortably above the 5.125 per cent CET1 threshold at which Additional Tier 1 (AT1) capital hybrids are switched into shares. “These results are broadly similar to those obtained by APRA in its bottom-up stress test conducted one year earlier,” the IMF noted.
The IMF also interrogated Aussie banks’ exposures to global systematically important banks (GSIBs) overseas, and documented a much lower level of interconnectedness compared to Asian, European, Japanese and US banks’ correlations with one another. (Interbank exposures domestically were likewise found to be “relatively small” at just 5 per cent of assets.)
An interesting feature of the IMF’s paper was its explicit call for APRA to introduce a “creditor no worse off” regime to protect the investors that fund our banks “as an additional legal safeguard to the bank resolution framework”. This is a significant development in the context of APRA’s current consultation process regarding its evolving “total loss absorbing capacity” (TLAC) framework, which the government (and the IMF) has stated should conform with global best practice.
In addition to requiring hybrids to convert into equity if a bank’s CET1 ratio falls to 5.125 per cent, which injects extra “going concern” capital while a bank is alive, APRA also has the right to unilaterally switch AT1 hybrids and Tier 2 subordinated bonds into a bank’s ordinary shares if it declares a “non-viability” event. This gives APRA access to “gone concern” capital to recapitalise a failing bank with equity once it has become non-viable.
APRA defines these rights in the prudential standard that dictates the terms on which banks can issue AT1 and Tier 2 securities, which are then embedded into their contracts. In March 2018 APRA upgraded the Banking Act to legislatively acknowledge that hybrids and Tier 2 bonds can be bailed-into equity under their contracts.
It is not widely appreciated that this means that Aussie hybrids and Tier 2 bonds now possess both “contractual” and “statutory” (or legislative) bail-in. More technically, APRA created a circular reference in the legislation that endorses bail-in only where the security’s contract explicitly references APRA’s bail-in rights, which carves out depositors and senior bondholders where no such contractual terms exist.
The problem identified by the IMF (and global investors) is that APRA’s non-viability clauses have not been properly defined and do not protect against regulatory decision-making errors. Here global best practice recommends two core principles. First, that the “gone-concern” bail-in right should only be invoked when a bank is truly “gone” (ie, about to be placed into administration). And, second, that if a regulator erroneously imposes losses on creditors, they should have legal recourse to sue for appropriate compensation.
Under Title II of the Dodd Frank Act in the US and the European Bank Resolution and Recovery Directive, creditors are entitled to receive the same economic outcome in any gone concern bail-in that they would experience if the bank was resolved via standard bankruptcy processes. This is why the IMF implores APRA to adopt a “creditor no worse off” protection, which ensures regulators exercise their bail-in rights carefully and mitigates the risk of errors caused by carelessness and/or political pressures to inflict punitive damages on certain stakeholders.
As a consequence of APRA’s nebulous non-viability clauses, global investors have historically required Aussie banks to pay an extra risk premium when raising money via securities that are subject to them, which is inevitably passed on to bank customers.
In the context of APRA’s TLAC consultation process one interesting development was the French bank, BNP, issuing a 5 year, “non-preferred senior”, or “Tier 3”, TLAC bond last month to Aussie investors, sourcing $475 million at a cost of just 1.75 per cent above the bank bill swap rate (BBSW).
The government’s financial system inquiry expressly recommended APRA consider this type of Tier 3 product, which has become global best practice, to ensure our banks can source TLAC capital in the lowest cost and most liquid manner possible. Trying to raise an extra $80 to $90 billion of TLAC funding via Tier 2 subordinated bonds (or $125 billion including existing Tier 2 maturities) would make our banks some of the most financially unstable in the world. This is because their capital structures would have a globally unprecedented 6 to 7 per cent sleeve of illiquid and volatile Tier 2 securities (compared to just 2 per cent for banks overseas) that would be impossible to refinance during stressed market conditions.
Tier 3 bonds rank higher than Tier 2 in the capital structure, have superior credit ratings, and are classified by global investors as “senior” rather than “subordinated”, which means the capital available to invest in them is orders of magnitude larger than Tier 2 (actual global Tier 3 issuance is about 10 times larger than Tier 2).
At just 1.75 per cent above BBSW, the spread on the BNP Tier 3 issue last month was also notably 75 basis points cheaper than the 2.5 plus per cent spread the major banks would have to pay if they attempted to originate $125 billion of Tier 2, and this assumes benign market conditions.
Tier 3 issued by the major banks would likely carry the same A band rating as BNP’s bond, and in Australian dollars would price well inside BNP at about 1.5 per cent above BBSW or roughly 1.5 times the cost of current senior bonds (where the latter are subordinated to deposits but rank above Tier 3 in the same way that Tier 3 ranks ahead of Tier 2 but below current senior).
Following APRA’s recent upgrades to the Banking Act, it has room to accommodate a Tier 3 security via an “other securities” carve-out. Yet if APRA wants our banks to be able to access global Tier 3 markets at the same cost and with the same liquidity as rivals overseas, it will have to embrace a creditor-no-worse-off protection and ensure its bail-in clauses can only be exercised in true gone concern events.
(Bloomberg) — A generation of young Australians priced out of the property market and frustrated at a widening wealth divide could prove pivotal in triggering a change of government in May.
The main opposition Labor party has made tackling the growing gap between so-called baby boomers and millennials a key plank of its campaign to win office for the first time since 2013.
The center-left party, which is leading Prime Minister Scott Morrison’s government in opinion polls, is pledging to curb tax breaks for property investors that helped drive home prices beyond the reach of many Australians. Labor leader Bill Shorten is also promising to scrap tax refunds worth A$5 billion ($3.6 billion) a year for share investors — a policy that’s angered wealthier retirees but is more popular with under-35’s.
“Younger voters are missing out on political and economic benefits that previous generations have enjoyed and Shorten has been smart enough to make that an election issue,” said Jill Sheppard, a political analyst at the Australian National University. Labor is “targeting its message at younger generations that fair reforms are needed.”
While Australia has avoided recession for 27 years, the spoils have not been shared evenly as older people capture a greater share of the nation’s wealth. According to the Grattan Institute, households headed by people aged 65-74 were on average A$566,000 wealthier in 2015-16 than the same age group was 12 years earlier. That far outstrips growth in other bands and compares with just A$38,000 for the 25-34 age group.
Such a concentration of wealth among older Australians can hurt the real economy, according to Danielle Wood, an economist at the Melbourne-based think tank. Younger Australians priced out of the property market, for instance, are forced to live further from cities — lengthening their commutes and reducing the likelihood of second income-earners working full time, she said in an interview with Bloomberg Television Thursday.
“Housing affordability has clearly been the No. 1 economic issue for younger Australians in the past decade,” Wood said.
While prices have retreated 12 percent from a mid-2017 peak, Sydney’s median house price is still more than A$900,000 and the city is the world’s third least-affordable housing market. Only 45 percent of people aged 25-34 own their own home, down 16 percentage points from the 1980s.
As well as pledging to subsidize rents and build 250,000 new homes, Labor plans to scale back a perk called negative gearing, which allows investors to claim the costs of owning a rental property as a tax deduction against other income. The curb is backed by 51 percent of voters, with support rising to 59 percent among those aged 18-34, according to a Newspoll published Feb. 11.
The same poll put Labor ahead of Morrison’s Liberal-National coalition, on 53 percent to 47 percent, though an Ipsos poll this week put the lead at just 51-49 percent.
Shorten also plans to scrap tax refunds paid out to shareholders under a system known as dividend imputation. Labor says ending the refunds, introduced by a Liberal-National government in 2001, will save the budget A$56 billion over the next decade and relieve the burden on younger taxpayers.
Morrison says curbing negative gearing will cause the housing market to tumble even further and jeopardize the economy. His government also opposes ending the refunds, saying the policy would strip a key source of income for many retirees, who have staged protests against the plan.
Labor, which unlike the government has a portfolio for young people, is also pledging more concerted action to curb carbon emissions and support renewable energy. Morrison has faced nationwide protests from school children over his inaction on climate change.
Shorten has long sensed an opportunity in capturing the youth vote. In 2015, he called for the voting age to be lowered to 16, saying there was a “democracy deficit” for young people disengaged with conservative government. A growing number of young Australians are politically engaged, with more than 70 percent of 18-year-olds voting in the 2016 election, up from about 50 percent in 2013.
Labor is tapping into a growing sentiment among younger Australians that inter-generational inequality must be tackled. In 2010, 42 percent of voters aged 18-25 supported a redistribution of income and wealth, according to a study commissioned by the Australian National University. By 2016, that had grown to 63 percent.
“I do expect that we might see a little bit more of this generational polarization than we have in the past,” she said.
To contact the reporter on this story: Jason Scott in Canberra at email@example.com
To contact the editors responsible for this story: Ruth Pollard at firstname.lastname@example.org, Edward Johnson, Chris Bourke
When you want just the right amount of space and light, get creative with glass, slats, beads, exposed framing and more
Floor-to-ceiling vertical timber slats separate this living room from the home gym in this home in New York, USA. The evenly spaced slats let sunlight from the gym’s windows wash into the living room, echoing the vertical pattern in the adjacent blinds.
A screen of horizontal slats provides a clever place for hanging the flat-screen TV while gently masking the closet in this bedroom in Seattle, USA.
This elegant house in Brooklyn, USA, features a large master bathroom with an adjacent living area. The glass and black-steel partition separates the two areas physically but not visually.Its industrial-grid pattern provides a stylish juxtaposition to the room’s traditional design.
A perforated wall separates the bedroom from the living area in this small Moscow apartment in Russia. Spots of sunlight break through, filling the windowless living area with diffused light.
Five tree trunks placed vertically from the floor to the ceiling provide a visual divider between the hallway and the living area in this home in Nuremberg, Germany.
The room divider in this New York City apartment is an art installation by a Cuban artist, says designer Eddie Lee. The piece is made from phone books with holes cut in the middle, allowing them to be attached by floor-to-ceiling metal rods.
For dedicated oenophiles, there may not be a better way to divide a room than with a wine cellar. This Las Vegas, USA, home features floor-to-ceiling wine storage that uses glass to separate the dining area from the living room.
Though they’re often there to make a house structurally sound, a row of pillars (structural or cosmetic) can also create separation between spaces. In this Nuremberg home in Germany, a row of five square pillars – and a change in levels – separates the living and dining areas.
Curtains aren’t just for windows. A curtain can also be a good way to close-off one space from another. Here, sheer curtains separate two areas in this home in New York, USA, while letting light filter through.
If curtains aren’t necessarily for windows, then it stands to reason that windows don’t always need walls. The designer of this industrial loft in Atlanta, USA, used an array of individual windows to separate the dining area from the living room.
Glass blocks are a staple in many mid-century homes, but they’re most commonly used in windows as an alternative to panes. However, glass blocks can also make a great room divider that filters light and creates separation and privacy, which is the case in this home in London, UK.
Strings of beads hung from the ceiling might conjure up a groovy ’70s vibe, but as this New York City loft shows, a metal-bead curtain makes for a chic room divider.
A patterned wood divider adds a sense of privacy with a bit of old-school glamour to a large room. This master bedroom in Toronto, Canada, features an Art Deco-inspired partition that separates the bedroom from the ensuite.
If you’re ever having a hard time deciding between knocking down a wall or keeping it, this apartment in Germany might inspire you to find a happy middle ground. By leaving the original door frame and studs standing and removing the plasterboard, the designer created a sense of separation without losing any light.
Have you seen or used an unusual material to divide a space without blocking-out light? Tell us in the Comments, like this story and save the images. Join the conversation.
Curious about how you could divide a room without sacrificing light? Connect with a local interior designer for some ideas
A striking vanity is a great way to make a design statement in a bathroom – here are 34 examples to inspire you
And remember, you can get more details of a project and see more of a professional’s work by clicking on a photo.
Features: Warm, honey-toned timber, oodles of storage and double sinks that allow two people to get ready at once.The perfect set-up for busy mornings.
Features: A striking black frame and legs echo the dark grout lines in the wall tiles, and contrast beautifully with the vanity’s pale-veined marble detailing.
Features: A handsome vanity in rich chocolate timber adds gravitas to this contemporary bathroom.
Features: A custom-designed vanity made from recycled plastic with charcoal-coloured basins creates an eye-catching feature in this groovy ensuite.
Features: An elegant timber cabinet repurposed as a vanity makes a charming addition to this compact bathroom.
Designer: Lynne Bradley Interiors
Features: Gently curved lines, slender legs and a chic, matt-charcoal finish give the custom-designed vanity in this guest bathroom a luxurious feel. And notice how the shape of the mirror ties in with the curvy aesthetic – a lovely touch.
Designer: Austin Design Associates
Features: Sharp lines and a two-tone finish give this suspended vanity a fresh, contemporary edge. The marble finish is then repeated in the bath surround to create a sense of cohesion.
Features: Pink-painted cabinetry, a marble countertop and brass hardware are a pretty irresistible combination.
Features: We adore the attention to detail here – the sleek, handle-less cabinetry, the mix of different storage types and the chic, gold accents in the tapware, mirror frames and lights. Simply sublime.
Features: A little timber cabinet repurposed as a vanity becomes a striking feature when set against swathes of marble.
Features: The generous dimensions of this vanity set-up not only allow it to accomodate twin basins, but a dressing-table area too. The pale pink and marble combination give it a soft, feminine feel.
Features: Forest-green painted walls and white hexagonal tiles create a stunning backdrop for the warm timber tones of this mid-century style sideboard-turned-vanity. Tres chic.
Features: Blonde timber and deep, powdery blue make an irresistible combination, and we love the addition of the step stool – a handy feature when the little ones are trying to reach the basin to brush their teeth.
Features: The vanity’s bold vertical panelling creates a striking contrast against the oversize, round mirror here. The look is then cleverly grounded with a black-stone countertop.
Features: A simple black-and-white bathroom is made great, courtesy of this exquisite mother-of-pearl cabinet that has been transformed into a vanity.
Features: A beautifully balanced arrangement; heavy, black drawers, a slender white countertop and fine lines in the mirror frame and wall sconces.
Features: Green-painted cabinetry and leaf-pattern wallpaper draw the outside in – an inspired scheme for a bathroom in a family home in the countryside.
Features: The exposed pipework and brass hardware on these twin vanities give this bathroom a classic 1920s vibe.
Features: A fine-lined, blonde-timber vanity, white-panelled walls and touches of gold and marble – a subtly sophisticated set-up.
Features: This slender vanity is a great choice for a compact bathroom, providing just enough space for a basin and storage both inside and on top.
Features: A classic black-painted vanity with brass hardware is given a lift with fun, polka-dot wallpaper and touches of pink in the lighting.
Features: A rich timber finish, deep drawers and generous dimensionsmake this vanity as practical as it is handsome.
Features: This sweet vanity in caramel-tone timber is the perfect fit for a little bathroom nook, and with its off-centre hand-towel rail, it’s just a little bit quirky too.
Features: With its grey-washed timber finish, this vanity sits beautifully alongside the marble subway wall tiles. Accents of gold and leather complete the sophisticated aesthetic.
Features: A rustic timber bench-turned-vanity, exposed pipework and stone basins create something of an earthy, industrial vibe here.
Features: A projecting front section not only provides space for a larger sink, but more room for storage. And we adore how the marble countertop extends to the splashback.
Features: The soft, honey-toned timber of the vanity blends in beautifully with the light-grey subway tiles and pale floor. Pops of black in the storage baskets and wall sconces create balance.
Features: An old Singer sewing machine table makes a one-of-a-kind vanity – and plenty of fodder for conversation!
Features: Thehighlight of this moody bathroom scheme is a time-worn chest of drawers that has been cleverly converted into a vanity complete with marble countertop.
Features: A wall-hung vanity with minimalist lines in deep powder blue contributes to the calm, uncluttered feel here.
Features: A traditional, freestanding vanity with lashings of storage. And we adore how its rust-coloured finish picks up the pops of colour in the floor tiles.
Features: By choosing a subtle mushroom hue for the body of this vanity rather than ubiquitous white, the owners have ensured that it stands out against the duck-egg blue walls and bath surround, as well as the white subway tiles.
Features: This compact, curved vanity in a fine-veined marble finish adds an elegant touch to a small bathroom.
Designer: Peter Schaad Design Studio
Features: This vanity’s mustard-green finish is right on trend this season, and here it works a treat alongside grey floor tiles and black fixtures. Extra points for echoing the colour in the frame of the mirror cabinet.
Which of these vanities sets your heart racing? Tell us your faves in the Comments, save the images, like this story and join the conversation.
Want to see more stunning features in homes around the world? Check out Houzz’s Best of the Week: 33 Beautiful Banquettes and Built-In Benches