Domain Prestige - March 03, 2021

3 MARCH / 2021

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

HEIGHT OF STYLE Sk y-high luxury living

B y K ATE FARRE LLY

Toorak Melbourne 61-63 Grange Road $30 million-$33 million J E N M E LO CCO

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Expressions of interest: Close March 19 Agent: Prestige Homes of Victoria, Sean Cussell 0425 787 979 There are many hopes for 2021 and one of them is that our cities will return

Completed in 2014, yet reminiscent of the grand

to their vibrant former selves. Based in Sydney, I’ve definitely felt the city

estates of yesteryear, this beautiful Drew Cole-

reawakening in recent weeks after 2020, with more people and energy on

designed home is undoubtedly one of the

the city centre streets. Our cover property, One Sydney Harbour, embodies

suburb’s finest. Incredible gardens, a resort-style

glamorous city living, with views of the vibrant centre and glistening harbour,

garden pavilion, a tennis court, a heated pool and

and a central Barangaroo South location. You can read the story behind the

a home cinema and gym head up a long and

next top address in our Cover Story. Meanwhile, for those still yearning for a

impressive list of features.

more rural setting, we visit the Adelaide Hills in our Living In section and discover some of the unique homes that reflect and blend into the landscape of that area in our feature story. Finally, The Property Investor examines what the short-term holiday letting situation is today, and looks at the type of properties and locations for such an investment.

Editor: Jen Melocco Jen.Melocco@domain. com.au Editorial producer: Paige Tonna Group picture editor: Vashti Newcomb Senior designer: Colleen Chin Quan Graphic designer: Emma Staughton National managing editor: Alice Stolz Group director, Consumer: Jason Chuck Chief executive officer: Jason Pellegrino

HOT PROPERTY ALEX REINDERS

DESIGN DIGEST Treasured objects

COVER STORY Residential sales: Queensland Brad McLeod 0429 571 826 New South Wales Belinda Sinclair 0414 580 903 Victoria & Tasmania Mitch Armstrong 0438 820 767 Western Australia, South Australia & Northern Territory Jeroen van de Peppel 0427 292 797

Taking luxury to another level

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Digital edition Visit domain.com.au/ digitaledition SAM NOONAN

FEATURE STORY A natural fit O U R COVE R One Sydney Harbour,

LIVING IN

Barangaroo, Listed by

The Adelaide Hills

Lendlease Customer Concierge PAG E 6

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THE PROPERTY INVESTOR Where to now for Airbnb rentals

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Ascot Brisbane 2 Inverness Street 5

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Auction: March 14 Agent: Ray White New Farm, Matt Lancashire 0416 476 480 Jerseyco Design has worked a little magic on the original 1920s floor plan to turn this genteel Queenslander into an easy-living residence. In the coveted Ascot State School catchment, the property is on a 1620-square-metre corner lot and comes with multiple living spaces and a Wyer + Craw kitchen overlooking the pool.

Killara

Portsea

Sydney 50 Stanhope Road

Mornington Peninsula 14 Cheviot Road

$6.5 million-$7 million

$5.5 million-$6.05 million

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For sale: By expressions of interest Agent: Pillinger, Chantal Hooper 0404 340 585

Expressions of interest: Close March 12

Featured in a swag of top magazines, this neo-Georgian home was built in

Agent: Kay & Burton Portsea,

the 1930s. The Brendan Wong-designed interiors include De Gournay hand-

Liz Jensen 0418 446 228

painted wallpaper, Murano light fittings and french-polished timber

A walk to Back Beach, Eros has a lap pool, tennis

detailing. There’s a host of living spaces, three outdoor terraces and a pool.

court, in-ground trampoline and designer cabana.

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ACCOR Logo horizontal C0 M0 Y0 K0

Mondrian Residences Burleigh Heads (“Residential Project”) is not owned, developed, or sold by AAPC Properties Pty Limited ACN 065 560 885 (“Accor”) or its affiliates. LGC Property Investments Pty Ltd ACN 627 634 655 as trustee of the LG Investment Trust (“Licensee”), is independently owned and operated and is solely responsible for the ownership, development, and operation of the Residential Project. The Licensee is not an agent of Accor and has no authority to agree or make representations on behalf of Accor. Licensee uses the Mondrian Brand and certain Mondrian trademarks pursuant to a limited, non-exclusive, non-transferable and non-sublicensable license from Accor. Under certain circumstances, the license may be terminated or revoked according to its terms in which case neither the individual residences (“Residences”) nor any part of the Residential Project will be identified as a Mondrian branded project or have any rights to use the Mondrian trademarks. Accor does not make any representations or guarantees with respect to the Residences, the build quality, income or outgoings of the Residences, or the Residential Project (including its viability) and is not responsible for Licensee’s marketing practices including this website, advertising, and sales representations.

JOB : 19J3103E Date : 13/02/19 Scale : Size : Fabrication :

WHITE

DESIGN DIGEST

Meaningful makes Thoughtful design allows an object to become a treasured belonging. C o m p i l e d b y PAU LIN E M O RRIS SE Y GO WITH THE FLOW Mimicking the rippling effects of the ocean’s surface, the Ceto Wall Light by Ross Gardam has been designed to reflect the natural flow and movement of water.

Available with a single or double glass luminaire, each mouth-blown piece comes in a variety of glass finishes. rossgardam.com.au

SECOND BEST Guangzhou-based studio, Bentu Design, has continued its exploration of repurposed waste materials with the Ding Collection, an elegant series of tables featuring recycled aluminium.

It includes a dining table, side table and bar table. remodern.com.au

TREASURED VESSEL Designed

NEW TRADITION The striking Mena Armchair by Australian designer

by Studio Kaksikko

its lean profile and exquisite quilted upholstery details. The armchair comes

for MUUTO, the Ridge

in a wide range of premium textiles and leathers. francocrea.com.au

Franco Crea finds the perfect balance between elegance and comfort with

Vase is a striking display of Scandinavian design – an intriguing sculptural form and artful character, even when not holding any flowers. The earthenware vase comes in an off-white and terracotta finish. muuto.com

ALEX REINDERS

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Take a luxurious journey into space

COVER STORY

Floating between the water and the sky, apartments at One Sydney Harbour scale the heights of style. B y E LICIA M U RR AY

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year ahead of schedule, homes in one of Sydney’s most lavish new harbourside communities have hit the market, promising A-list architecture and interiors in a dynamic inner-city location.

One Sydney Harbour at Barangaroo South has already proved its prestige credentials, claiming the title of Australia’s most expensive home with the sale of a two-storey penthouse and accompanying sub-penthouse for more than $140 million in 2019. It’s the first time an apartment has held this record.

With more than 85 per cent of homes in the

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first stage sold, developer Lendlease has brought forward the launch of the 68-storey Residences Two – the second of three luxury apartment towers to be built on the former shipbuilding and stevedoring site.

Last week, Daniel Goldberg, founder and principal of State of Craft, was revealed as the interior designer for all three towers, teaming up with Renzo Piano Building Workshop.

One Sydney Harbour reunites the Germanyborn and Canada-based Goldberg with the acclaimed Italian architect Renzo Piano for the first time since their collaboration on another

glittering high rise – The Shard and Shard Place in London.

New renders for the first two Barangaroo South buildings, including two sumptuous Skyhomes, portray light-filled spaces finished with a sophisticated palette of natural materials.

For all the beauty inside, the scene-stealer is the view. Soaring floor-to-ceiling windows showcase the Harbour Bridge and Opera House to the north and, to the west, from Darling Harbour all the way to the Blue Mountains.

Goldberg says the interiors embrace natural beauty. “For us, luxury is in the beauty of nature and displaying the grain in the timber, the veining of the marble or granite,” he says.

“I think a lot of it is about responding to the site, making it specific to the climate, the context, the architecture.”

Crowning the new tower, the two full-floor Skyhomes represent the most premium offerings. These homes boast three-metre ceilings, private lift lobby access and rooftop terraces with entertaining spaces and pools.

S PECI A L F E AT UR E

ONE SYDNEY HARBOUR 2 Watermans Quay, Barangaroo Architecture: Renzo Piano Building Workshop Developer: Lendlease Interior design: Daniel Goldberg, State of Craft Landscape design: McGregor Coxall Number of apartments: 801 in total; 317 in Residences One, 322 in the latest release Residences Two, 162 in Residences Three Internal size (sqm): Onebed 62-67, two-bed 96120, three-bed 149-190, four-bed 204-273, wholefloor Skyhomes 540-670 External size (sqm): One-bed 9-10, two-bed

“We wanted to create two unique, world-class homes in the sky that capture the essence of living high above Sydney Harbour,” Goldberg says. “The experience of being inside the Skyhomes was inspired by life on board private yachts with their seamless transition from inside to outside spaces, and the feeling of freedom and elegant comfort.”

Piano, who designed the Pompidou Centre in Paris (with Richard Rogers) and The New York Times building in Manhattan, emphasises the exclusivity of the harbourside location.

“This place will be unique for the very simple reason that you live in the air, you live in the light, almost like in suspension, in between the water and the sky,” the architect says.

The launch of the 322-apartment Residences Two comes at a time when many commentators have noted a shift away from inner-city apartments. But Ben Christie, head of residential property at Lendlease, says One Sydney Harbour is attracting strong interest and demand, including from Australian expats.

“This comes as people adapt to online property

engagement, coupled with improving conditions more broadly,” Christie says.

The developer reports more than eight in 10 purchasers in the first stage were local, many of them downsizers attracted to the convenience and centrality of Barangaroo. Families were drawn to the larger residences.

“Our apartments are delivering generous and curated living spaces with state-of-the-art facilities, including a premium concierge service,” Christie says.

The mixed-use development includes two pools, a spa, gym with a studio for yoga and Pilates along with an all-day treatment room.

“We also have a steam room, as well as private dining facilities with a commercial kitchen, an extensive lounge area, billiards room and winetasting room.”

9-10, three-bed 10-17, four-bed 13, Skyhomes 80-110 Price: One-bed high$1 millions to mid$3 millions, two-bed mid-$3 millions to high$7 millions, three-bed mid-$5 millions to mid$13 millions, four-bed and Skyhome prices on application.

Completion: 2024 Agent: Lendlease Customer Concierge, 1800 882 883.

Website: onesydneyharbour.com Open for inspection: A display suite is open by

The interiors of One Sydney

appointment only.

Harbour embrace the beauty

Expressions of interest

of nature and respond to the

are being accepted for

stunning site.

Residences Two.

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Blending in to the Hills Architects used a number of tricks to help these Adelaide Hills homes fit their environment.

B y PAU L B E S T

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FEATURE STORY

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Pritchard didn’t disappoint. The architect created a striking, single-storey serpentine building that traced the contour of the hill’s sandstone ridge, fusing it with the landscape.

“The Sandstone Ridge project avoided any cutand-fill (excavation) on the site,” he explains.

Pritchard also used locally quarried sandstone for the base and the S-shaped facade, which “helps tie the house into the environment”.

Pritchard says the house’s linear plan, with its curving wall of full-length spans of glass, maximises exposure and sustainably heats the interior during winter. It also takes full advantage of the Piccadilly Valley’s elevated prospect, looking north down the hill to bush and another vineyard block.

A dramatic steel butterfly roof was built over the main living area, separating parent and

rench-born winemaker Xavier Bizot looked down from his Summertown vineyard in the Adelaide Hills to the block below with a view to planting more chardonnay vines for his award-winning Daosa blanc de blancs sparkling wine when he saw the possibility of building a house for his family of six on the sloping site.

He approached Adelaide architect Max Pritchard, of Max Pritchard Gunner Architects, to design the home, after spending a holiday in one of his most celebrated works – the five-star luxury resort Southern Ocean Lodge, on Kangaroo Island.

“I liked his philosophy of designing buildings that fit into the environment,” says Bizot, who originally hails from the Champagne wine region in France.

child wings of the house. The angled roof was based on Villa Sayer, a famous 1970s house by modernist architect Marcel Breuer.

“It helped open up the interior, giving it a feeling of space, and providing more light and view of the sky,” explains Pritchard. “Most sites [in the Adelaide Hills] have a special view.”

Not always. Another of the architecture practice’s projects in the Adelaide Hills, Tess and Michael’s House, was purposefully designed to nestle in the surrounding bush. “That sense of being in the landscape is what drew us to the property,” says MPG architect Tess Pritchard,

“It was vital to maintain the … feel of the environment.” who designed the Eden Hills house for her husband Michael Venning and herself.

To achieve this, Tess kept the footprint small and used steel, timber and glass for an airy feel.

“It was vital to maintain the quality and feel of the environment like we were nestled in the bush rather than overpowering it,” she says.

The house embraced many of the same design principals as Sandstone Ridge. Using the slope of the land, Tess designed a house with the living areas on the top floor, a double-height louvred glass wall and angled roof to make the most of views and winter sun.

The angled roof had another benefit. Inside, it created origami-like folds, which inspired Tess to design a sculptural island kitchen bench – which her husband manufactured.

“When design is responsive to its environment sometimes it creates unexpected and exciting opportunities,” says Tess.

Origami-like folds (main picture) are a dramatic feature of Tess and Michael’s Sandstone Ridge follows the curves of nature.

SAM NOONAN

house, while

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Invest in what matters this year

Artist Impression

LUXURIOUS 3 LEVEL HOME ON BRISBANE RIVER Characterised by architectural excellence, your spectacular freehold home in Hamilton sits right on the river’s edge.

From a 9m high void, Blackbutt timber flooring and natural marble stone features, to intelligent home automation, ducted air conditioning and European wine cabinets. Enjoy the convenience of your own lift and private outdoor terrace complete with a heated pool and built-in gas barbecue.

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4.5 POOL

Artist Impression

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LIVING IN

34.9063° S, 138.8397° E

ADELAIDE HILLS

Like so many country areas in the COVID era, the Adelaide Hills have become a magnet for tree-changers. B y K ATE FARRE LLY

YOU MAY LIKE ...

Balhannah

Apple pie or pear crumble? On a quiet Sunday

regular market days giving the region’s many

afternoon, that could be the most important

microbusinesses a forum in which to sell their

Adelaide Hills 10 Ravenswood Lane

decision you’ll need to make when life slows

unique products.

$3.5 million +

down a little after moving to the Adelaide Hills.

As an almost-lifelong resident, Susie Green has had to make this tricky choice more times than

Green says the tight-knit communities look out

anywhere else,” she says. “COVID only reinforced

shifted away for a couple of years for work then

that because even through lockdown we still had

returned to the Hills in the early 1990s. She

the space and everything we needed close by.”

Lenswood for 28 years. She is now the CEO of

Lifestyle favourite

the Apple and Pear Growers Association of SA.

Williams Real Estate agent Dee-Anne Hunt says

Food, glorious food “In my opinion it’s one of the best places you

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“I’d be hard-pressed to find myself living

she can count. Growing up in Bridgewater, Green

married apple grower Simon and has lived in

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for one another.

demand for property in the Adelaide Hills has skyrocketed since the onset of the pandemic.

“Enquiries would have gone up by 25 per cent

could live – we have the best of everything here,”

since COVID, and I don’t see that slowing down,”

Green says. “We’ve got a beautiful natural

she says. “And it’s a wide demographic, with

environment, fantastic fresh local produce all

interstate buyers, expats coming home, a lot

Expressions of interest: Close March 9

around us, we’re only a stone’s throw away from

of people in the city who have always wanted

Agent: Williams Real Estate,

the city but it’s far enough to still feel quite rural.”

that tree change and then local buyers upgrading

Dee-Anne Hunt 0411 555 774

or downsizing.”

Ravensview is a fabulous home with panoramic

From apples, pears, cherries and strawberries to local producers who have popped up to make

Hunt says one of the best things about the

views on over six hectares. The property ticks

cheeses, wines, cider and craft beer, Green says

Adelaide Hills is the country atmosphere, a result

plenty of eco-friendly boxes and has a heated

every season has something amazing to offer.

of limited development.

pool, a home theatre and an outdoor kitchen.

The Hills are home to a host of small villages,

“Most of the zoning outside of the townships is

each offering something a little different. There

very protected, so sub-division is not allowed and

are second-hand and antique stores, arts and

you can’t create new titles,” she says. “This

Residents love the area

crafts stores, the studio of the late landscape

protects what we love most about the region: the

for its beautiful natural

Hover your camera over the

painter Hans Heyson in Hahndorf, and a national

space, the privacy, having room for stock and not

environment and

code to see Domain listings

motor museum in Birdswood. There are also

having your neighbour right on your boundary.”

fantastic fresh produce.

in Balhannah

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Award Winning Home on Pristine Tropical Beachfront Escape from the world and step through the gates into this multi award winning home which offers unrivalled privacy and luxury on 2,432sqm of idyllic tropical absolute beachfront. You’ll have the beach all to yourself, on the doorstep of the magnificent Daintree Rainforest, with the Great Barrier Reef right out the front. This very private mini-resort is made up of two separate houses, creating luxurious accommodation for a large group or extended family and features a 12m x 5m saltwater pool and two double garages. Fully airconditioned, C-bus Automation System and to make it really easy for you the property will be sold fully furnished.

www.queenslandsothebysrealty.com

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14 Rankin Street, Newell Price: $4,500,000 Caroline Yarr 0409 365 261 caroline.yarr@qldsir.com

THE PROPERTY INVESTOR

Short-term rentals can pay off Within three hours of the city and a special destination are key for short-term rental investments. B y SU E WILLIAMS

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This beachside home in Sorrento on the Mornington Peninsula is a highly sought-after rental property. It’s now on the market.

ou might be thinking of buying a holiday home that you’d like to rent out when you’re not using it, or intend to list permanently on a short-term rental platform such as Airbnb or Stayz to maximise yields.

Pre-COVID-19, active holiday rental listings rose by 45.2 per cent in Australia in the 12 months to January 2019 and total revenue 49.5 per cent to $2.9 billion, according to holiday rental data company AirDNA. Then COVID-19’s constraints on travel hit the market for six.

Now, however, a new survey by property management platform Guesty has found 35 per cent of hosts and management companies around the world are reporting a sharp rise in 2021 reservations following announcements about the efficacy of vaccines.

“In Australia now, we’re seeing regional and countryside business, in particular, booming,” says Yoav Tourel, managing director of APAC Guesty. “For the more urban properties in capital cities, we think it’ll be 2022 before they recover.

“But for the time being it’s areas like Nelson Bay, Byron Bay or the south coast of NSW that are doing well, Victoria’s Mornington Peninsula,

the Fleurieu Peninsula in South Australia and the Gold Coast and Sunshine Coast in Queensland. They’re often offering great yields.”

At Australian Short Term Rental Accommodation (ASTRA), chair Robert Jeffress

“We’re seeing regional and countryside business booming.” adds “special” destinations such as the Kimberley, Margaret River and Tasmania.

“And, although we’ve lost our international tourists, usually NSW tourists will spend a lot more on holidays here, on balance, than overseas visitors did,” Jeffress says. “But in all those prime destinations, you have to remember that there’s now a lot of competition, so you want to buy something special, that’s different

to what else is on offer, or buy it and then invest in it to make it more appealing.”

Also, study any planned improvements in facilities. Many people like to drive no longer than three hours for a weekend away but, with so many roads across the nation now being upgraded, travel times are being cut.

It might mean areas you wouldn’t have thought about before are back in the short-stay orbit.

Reece Coleman, of Maker Advisory buyers agency, says the top buys are free-standing houses with three or four bedrooms, within walking distance of the beach or attractions.

Make sure you, or your management company, offer flexibility. With borders opening and closing, guests need to know they won’t lose their money if they’re suddenly shut out.

“We’re also seeing more people now offering both long-term and short-term rentals in order to provide the best yield,” Tourel says.

On the Mornington Peninsula, a Sorrento home with an $8.5 million-$9.35 million price guide is one that has had a successful track record as a luxury short-term rental, says selling agent Liz Jensen of Kay & Burton Portsea.

“In securing this property the buyer has the privilege of enjoying it now with the COVID-19 international travel restrictions, while it is highly sought-after as a holiday rental property at any time now and, when travel restrictions lift, allowing the buyer to travel overseas and generate good income from their much-loved investment,” she says.

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