Domain Prestige – December 05, 2018

5 DECEMBER / 2018

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

COASTAL COOL Settle in for summer

B y K ATE FARRE LLY

Toorak Melbourne 3

J E N M E LO CCO

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$5.7 million-$5.95 million

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Expressions of interest: Close December 13 Agent: Kay & Burton South Yarra, Michael Gibson 0418 530 392 Beautifully manicured gardens that wrap around How inviting does the verandah of our cover property look? A view of

a heated pool are a highlight of this Nicholas Day-

trees and the ocean, a sea breeze and a comfortable chair: it has all the

designed apartment, one of just two and located

ingredients for a perfect summer stay. The Allen Jack + Cottier-designed

a short stroll from Yarra River walking trails.

home on the NSW south coast is featured in Living In, which looks at the

Inside, the refined home includes an elegant

attractions of Mollymook for a holiday home or a more permanent stay.

formal dining room, a timber-lined study with a

Meanwhile, our feature story examines why expats are returning to

fireplace and a north-facing family room.

Australian shores. Uncertainty in global cities, a lower dollar and a simple hankering for home are making expats see the value in buying here. Finally, this is the last edition of Domain Prestige for 2018. Overall, it’s been a strong

Open your camera and hover

year for luxury property around Australia with landmark achievements such

your phone over the app code

as the country’s first $100 million house sale. We’ll be back in mid-January

to see the address

and we wish all our readers a safe and happy holiday season.

Editor: Jen Melocco Jen.Melocco@domain. com.au Editorial producer: Isabelle Chesher Managing editor: Alice Stolz Senior designer: Colleen Chin Quan Graphic designer: Emma Staughton

HOT PROPERTY

Chief editorial & marketing officer: Melina Cruickshank Residential sales: Queensland Brad McLeod, 0429 571 826 New South Wales Jon McConkey 0407 909 739 Victoria & Tasmania Mitch Armstrong 0438 820 767 Western Australia, South Australia & Northern Territory Jeroen van de Peppel 0427 292 797

DESIGN DIGEST Holidays’ style

FEATURE STORY Return of the expats

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Digital edition Visit domain.com.au/ digitaledition

O U R COVE R Mollymook

LIVING IN Back to the beach

Listed by Ray White

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Surfside Properties

LUXE LIFE

PAG E 9

Screen dreams

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Use the Domain app codes to see more of your favourite properties

Burradoo Southern Highlands 6

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$4 million-$4.2 million

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For sale Agent: Di Jones Real Estate Southern Highlands, Kate McCullagh 0411 411 244 This charming home showcases high ceilings with chandeliers, heated stone floors and arched windows with shutters. There’s a large kitchen, a lounge room overlooking a pool, landscaped gardens and a self-contained studio.

Open your camera and hover your phone over the app code to see the address

Hunters Hill

Glenelg North

Sydney

Adelaide

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$17 million-$18 million

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$5.5 million

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For sale

Expressions of interest: Close December 12

Agent: Ausrealty Estate Agents, Jessica Ke 0466 886 888

Agent: Ouwens Casserly,

Built by entrepreneur and property developer Jules Joubert in 1858 and

Linda Van Hooff 0411 844 550

given an award-winning update in 2004 by architect John Rose, heritage-

Two glass-fronted wine rooms greet you at this

listed Windermere claims one of the suburb’s best waterfront blocks, facing

George Savvas-designed coastal home. It also

north over the Lane Cove River. The home comes with a private jetty.

comes with a pool and outdoor kitchen.

Open your camera and hover Open your camera and hover your phone

your phone over the app code

over the app code to see the address

to see the address

PR E ST IGE

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Artist impression

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DESIGN DIGEST

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No place like home FEATURE STORY

Brexit, Trump and a low Aussie dollar are leading to a surge of expat Australians wanting to buy back into their home market.

B y SU E WILLIAMS

A

n expat-led boom for the prestige property market?

That likelihood is shaping up nicely with a weak Australian dollar combined with the looming spectre of Brexit in the UK and the Trump factor in the US leading to a surge of summer inquiries from overseas Aussies wanting to buy back into their home market in the $4 million to $15 million range.

“This is the most active I've known the expat market in the last five years,” says agent Anthony Walls, of Max Walls International.

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PR E ST IGE

“With the Australian dollar dropping well below 80 cents American, it means expats are effectively buying at a 30 per cent discount.”

Walls even recently had a Singapore-based client who bought without an inspection.

In Sydney, expat buyers are wanting to snap up properties in eastern suburbs areas such as Darling Point – the location of this week's featured magnificent harbour-front estate – Vaucluse, Rose Bay, Bellevue Hill, Paddington, Woollahra and Elizabeth Bay, says BradfieldCleary director Bob Guth.

“Many are looking for property they can rent out for several years with a view to coming back to live in it later,” he says. “Others, with the Australian dollar slipping so much ... are looking for investment properties.”

In Melbourne, homes near good schools are expats' main focus, particularly in South Yarra, Toorak, Hawthorn and Brighton, says Kay & Burton managing director Ross Savas.

“The level of interest is enormous and it will continue to grow,” he says. “The dollar has helped a lot of people wanting to come home.

YOUR AGENT Clint Ballard, Ballard Property

“Around 25 per cent of our inquiries on this property are coming from overseas: from Singapore, Europe and a few from the United States, but local interest is strong, too.”

“They see Melbourne and Sydney as the best places in the world without a shadow of a doubt, and want to bring their kids back for their education and to enjoy the lifestyle.”

Brad Pillinger, of Pillinger Double Bay says expats are finding our markets very affordable.

“They're helping keep the prestige market pumping along,” he says.

With more than 346,000 Australian expats, a large slice are now ready to return, argues James Nihill, of Patrick Leo, who has just met with clients in London.

“So many people in the UK are convinced the country's going to implode post-Brexit and its housing market has stalled,” he says. “And, even though they have to pay a 20 per cent deposit on homes if they're not resident and it's harder to get a bank loan, that's not putting them off.”

Darling Point Sydney 6

$70 million

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For sale: By expressions of interest Agent: Ballard Property, Clint Ballard 0411 426 600

Open your camera and hover your phone over the app code to see the address

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LIVING IN

35.3400° S, 150.4730° E

MOLLYMOOK

Foodies and young families are starting to discover the pristine beaches of Mollymook. B y K ATE FARRE LLY Former surfing world champion Pam Burridge

has also been a drawcard. “We’ve got a couple

has ridden waves at some of the world’s best

of world-class restaurants, with Rick Stein’s

beaches but, when it comes to raising a family,

Bannisters and boutique winery Cupitt’s – it's

she finds the beach at Mollymook to be the

quite a cosmopolitan town,” he says.

perfect “all-rounder”.

“It's pretty user-friendly, you’re sheltered from hard-core surfer’s favourite, but when you get big

Eatery, which specialises in share plates, and

swells there are a few reefs like Golf Course Reef,

The Beach Hut cafe for takeaway.

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$4 million +

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“The foodies have moved in,” says Burridge.

“Mollymook has always had a really strong name,

through” before she ventured south in the 1990s,

it's been popular forever, but Rick Stein probably

Burridge and husband Mark Rabbidge have raised

made it more recognisable.”

their two children Isobel, 19, and Otis, 17, first in

Shoalhaven

growers' markets and Sunday afternoon live music sessions. She’s also a fan of Tallwood

A self-described Manly girl “through and

Mollymook

Burridge says Cupitt’s offers food, wine,

the rough stuff,” Burridge says. “It’s not your

so it caters for everyone.”

YOU MAY LIKE ...

nearby Bendalong and for the past five years in

A quiet haven

Mollymook. “We love it here,” she says. “I actually

Leslight says he still fields plenty of inquiries

walked to work this morning thinking, ‘how lucky

from Sydney and Canberra sea-changers who

Auction: December 15

am I?’ Everything is nice and close – the beach

come for the climate, the beaches and the clean

Agent: Ray White Surfside Properties,

and coffee shops, the hangs and the surf club.”

environment.

Darryl Leslight 02 4454 1333

Foodie affair

Mollymook is a firm favourite with retirees,

Designed by award-winning architects Allen

with people aged 65 and above making up just

Jack+Cottier, this modernist home sits on a

Burridge runs a popular surf school teaching

over 30 per cent of a population of about 1100.

7673-square-metre block fronting Collers Beach.

locals and holidaymakers how to surf and

Burridge says she’s noticed a lot of people in

The property has tree-framed views over the

paddle-board, as well as offering weekend

their mid-20s coming back to Mollymook to start

water from most rooms and from the terrace,

surf retreats.

their families after a stint travelling or living in the

which meets lawns rolling down to the sand.

Darryl Leslight, of Ray White Surfside

city. “I met a lot of lovely people when I had my

Properties, who also moved from Sydney to

kids,” she says. “It’s a small town with a small

Mollymook, on the

the south coast in the 1990s, says the pristine

town community and most people know

South Coast of NSW,

Open your camera and hover

beaches are definitely one of Mollymook’s

everyone and look out for each other. We

is known for its beaches

your phone over the app code

standout features. But the area's dining scene

work hard to be supportive and inclusive.”

and clean environment.

to see the address

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Artist’s impression

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Artist’s impression

YOU MAY LIKE ...

LUXE LIFE HOME THEATRE

Hamilton

Go bigger for sweet screen dreams

Brisbane 5

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$4.75 million

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B y S TE PH E N CO RBY

H

ow do you know if your house has a mere, middling “media room” or an actual home cinema? It is, I’m afraid, as so many things are in the toy-toting world of men, all about size, at least according to experts such as high-end home installer David Moseley.

You might have a special room with a whopping TV of many inches, comfy couches and your favourite movie posters on the wall, but Moseley, director of Wavetrain Cinema, would scoff at you for branding it a “cinema”.

“Nobody uses TVs for proper home cinemas; they’re just not big enough,” Moseley explains.

“Most TVs are typically 42 to 80 inches, while 65 inches is the most common these days, but when we do home cinemas we’re looking at a minimum of 140 inches, right up to 200 inches.

“Most of our clients would never go out to the cinema, because it’s not as good as what they’ve got at home.”

If you want maximum size, you’re going to have to go for an overhead projector, and if that sounds like a slightly outdated technology,

you’re kind of half right. Moseley admits that no projector – even the truly excellent 4K ones – can offer the picture quality of a modern OLED television screen, but once again, it’s all comes down to size.

“An OLED screen has by far the best contrast, but it’s not about that – if you go to the cinema and watch something on a screen that’s 10 to 20 metres wide and then you come home and watch a 65-inch screen, it’s just not cinematic,” Moseley says.

If you’re a proper cinephile, then, what you need is a whopping great screen, the best overhead projector you can afford (Ben Q does good ones from as low as $2500 or $3000, according to Moseley, while a Sony 4K one will set you back around $10,000), and a purposebuilt room that shuts out all light.

Building your own, proper home cinema isn’t cheap, of course – and don’t even start Moseley on setting up your bespoke room for proper sound – but think of the money you’ll save by never visiting Hoyts again.

For sale Agent: McGrath New Farm, Drew Davies 0421 078 273 It’s called “screen envy” – the feeling that other people have better, or bigger, screens than you – and easy to get a touch of it when you gaze upon the magnificent home cinema at this resort-like property in Hamilton. The experts would surely approve of the giant wall screen and projector.

Open your camera and hover

Home cinema project by

your phone over the app code

Wavetrain Cinema.

to see the address

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6801/4 'Soul' The Esplanade, Surfers Paradise Beachfront sub-penthouse boasting world-class views. Must be sold at auction if not sold prior.

Experience the glamour and elegance of 68th floor living, surrounded by sweeping coastal views by day and dazzling city lights after dark. 'Soul' on the Surfers Paradise beachfront, blends sophisticated resort style luxury with a unique seaside ambience. This expansive ‘as new’ skyhome features an exquisite custom fit out of contemporary coastal décor. Spacious interiors with high ceilings are finished in restful sand tones, while walls of glass open to broad alfresco balconies and endless ocean views. Includes media room, ample storage, Ga enau kitchen, separate laundry and four car lock up garage.

abc d e 3

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421 SQM

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Auction Sunday 9th December at 1:00pm On-site View Thursday, Saturday and Sunday 12:00 - 1:00pm

Paul Ledgerwood 0418 241 109 James Ledgerwood 0417 927 517 Laura Langford 0449 993 114

theagency.com.au

Ultimate Beach House On the market for the first time in nearly 40 years is this ultimate Australian beach house. It is one of only a dozen or so tightly held houses along a priceless stretch of coastal real estate at internationally renowned Coolum Beach. The enormous 934sqm oceanfront property is adjacent to the Sunshine Coast’s surfing haven of Three Bays. The site is zoned MDR making this a perfect development opportunity or investment.

www.queenslandsothebysrealty.com

4A 3B 4D 1702 David Low Way Coolum Beach Auction In-rooms 15 Dec 2:00pm View Saturday 9:00 - 9:45am Hannah Dodds 0435 950 680

Estate, Escape or Business

9A 9B 3D

Set high in the hills with amazing sweeping views, is a residence of uncompromised style, a private estate on 40 acres in the rich Sunshine Coast Hinterland. Arrive via the Blackall Range Tourist Drive to privacy yet prepare to be taken away by a breathtaking visual kaleidoscope down the valleys, across eucalypts to an ancient rainforest. The main residence with wood-burning fireplace for cool evenings, is designed for comfortable living and entertaining.

Separated via immaculate garden paths lapped by flowers popped with colour are 5 cottages. Each self-contained with kitchen, fireplace and verandas to soak up the views for the complete relaxation of guests.

Maleny, Queensland

www.queenslandsothebysrealty.com

Expressions of Interest Closing 5pm, 15th December Viewing by Appointment Hannah Dodds 0435 950 680 Carol Carter 0414 760 305

The Terrace C1933 - A Grand Landmark Home 2499m2

THE TERRACE C1933 - A GRAND LANDMARK HOME

47 Hazelmere Parade, SHERWOOD

An architectural masterpiece, this one-of-a-kind property celebrates the meeting of two of the city’s most celebrated architects – the heritage-listed 1930’s English-style residence by Charles Griffin and the breathtaking modern restoration and extension of formed concrete, glass and brick by Brisbane architectural luminary Shaun Lockyer. Sitting on 2499m2 of exclusive land, “The Terrace” includes championship floodlit tennis court, 18m inground pool, pavilion, multiple living, cellar and so much more.

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Expressions of Interest. Closing 18 Dec, 5pm View.

Phone for Thur & Sun Inspection Times

Call.

Jason Adcock 0418 727 788

Web.

adcockprestige.com/20118420

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8 Beattie Court Tin Can Bay QLD

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On Holiday Every Day!

For Sale

Holiday Home or looking towards retiring, Tin Can Bay is a Hidden Paradise. A vibrant seaside coastal community with water sports, fishing, golfing and No Traffic lights.

Inspect

This beautiful architect designed and master built home, across from the water and parklands, is an entertainers delight. Built to take advantage of the outdoor lifestyle, it has a huge deck that is accessed by sliding doors from both pavilions and a saltwater pool. The kitchen with stone bench tops, 5 burner gas stove and soft closing drawers has direct access to the deck. This home is multi-functional with 3/5 bedrooms or use as a rumpus room or bar. The massive master suite has a balcony, large walk in robe, ensuite with shower and free standing bath. The home has a high eco rating, 14 solar panels and 2 rainwater tanks. A 3 car garage and workshop caters for a caravan, boat or motorhome.

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Price $890,000 Inspect by Appointment

Agent Tanya Crosdale 0455 026 536 Andrew McDonald 0457 862 099

Just Relax with miles of nature walkways along Tin Can Bay’s pristine waterways and foreshore, or go for trips to Rainbow Beach and World Heritage listed Fraser Island.

Shop 2/69 Gympie Road, TIN CAN BAY QLD 4580 | sales@4rent4sale.com.au

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Melbourne’s pre-eminent full-floor residence.

A visionary park-fronting home that has redefined the scale and expectation

Enveloped by an incredible Myles Baldwin landscaped garden of

of city living, this expansive full-floor residence provides approximately

approximately 250sqm and ever-changing protected views, this exquisitely

600sqm of impeccable, artfully curated KPDO designed interiors featuring

appointed grand home in the sky represents an unprecedented opportunity

globally sourced materials.

within Melbourne’s premier city address. For sale by private negotiation.

5 Sam Nathan +61 407 552 922 sam.nathan@npm.com.au

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Brett Griffith +61 418 172 807 brett.griffith@colliers.com

East Melbourne

A4 B2 C2

6 Gre rey re ey St S re r et

AUCTION Sat 8th Dec 11:30am OPEN Sat 8th December 11:00am - 11:30am

Paul Caine 0409 393 900 Peter Hannon 0447 393 012

Elegant and grand with charm and character is this delightful terrace home with sunny courtyard garden and generous double garage parking. Enjoy life with formal and casual living areas, excellent kitchen and bathrooms within an easy stroll to the CBD, cafes, transport and shopping.

caine.com.au

13 Foote Street Brighton, Victoria

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EXPRESSIONS OF INTEREST

VIEWING

kay a burt ay r on.com.au rt a au

CONTACT

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3.5

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14 -16 Hopetoun Road Toorak, Victoria

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EXPRESSIONS OF INTEREST

VIEWING

kay a burt ay r on.com.au rt a au

CONTACT

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