Domain Prestige - March 31, 2021

31 MARCH / 2021

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

ROCK STAR DIGS Bold & beautiful de sign

Landmark

Artist impression

Monument is a landmark building setting a new benchmark for progressive design in Armadale.

Rising seven levels and comprising twenty four parkside residences including two unprecedented penthouses, it marks a rare moment in inner city residential architecture.

Register for a private viewing at the onsite display gallery, 608 Orrong Road Armadale 3143.

Marcus Chiminello 0411 411 271 Nicole French 0417 571 505

monumentarmadale.com

B y K ATE FARRE LLY

Woolloomooloo Sydney 327/6e Cowper Wharf Roadway $11 million J E N M E LO CCO

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Auction: April 13 Agent: Ray White TRG, Gavin Rubinstein 0424 532 451 Living by the water has always been an attractive option. However, in the

With intimate harbour views and beautifully

past 12 months, as more time has been spent at home, being on the water,

curated interiors by Fleming Design included in

looking over it or having it within walking distance has made it even more

the purchase, this grand apartment is set to

covetable. In a time when many have felt confined, a vista of the water is like

seduce Sydney’s A-listers. An amalgamation of

a view to a wilderness that can never be altered. In this edition of Prestige

three properties within the Finger Wharf

we uncover the best in waterfront living, with some prime places in Hot

development, the property includes two main

Property. Meanwhile, in our feature story, we look at why living on the water

bedroom suites, a media room and lift access to

is so popular today. For those looking to invest in coastal property, we

secure parking.

examine the case of whether apartments in beachside suburbs in Sydney are still a good buy. While rental prices in prime eastern suburbs locations like Bondi have dropped over 2020, there are still good offerings in other rising coastal hotspots.

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

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 Digital edition Visit domain.com.au/ digitaledition

VAIDA SAVICKAITE

FEATURE STORY A life by the water O U R COVE R

LIVING IN

56 Ruskin Lane,

Hawthorn

Byron Bay Listed by First National PAG E 5

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THE PROPERTY INVESTOR Do beachside apartments pay off

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Byron Bay NSW North Coast 56 Ruskin Lane $6 million

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For sale Agent: First National Byron Bay, Su Reynolds 0428 888 660 Positioned in Byron’s “Golden Grid”, this award-winning, three-level home celebrates locally sourced stone, timber and polished concrete with finishes in brass, marble and tadelakt plaster.

Hamilton

Sorrento

Brisbane 1 Eden Lane

Gold Coast 28 Kookaburra Court $5.25 million

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Auction: April 8 Agent: Place Estate Agents Kangaroo Point,

For sale

Simon Caulfield 0437 935 912

Agent: Kollosche, Michael Kollosche 0411 188 815

Offered to the market for the first time in 43 years, Blair Lodge lays claim

This Bayden Goddard-designed residence sits on

to a 2049-square-metre lot on coveted Hamilton Hill, where the views

an 845-square-metre Main River block and

stretch across the river to the city skyline. Built in 1907, the Queen Anne-

comes with a boat ramp, a large pontoon, a

style Queenslander retains a host of period features.

resort-style pool and a covered al fresco zone.

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Our water love af fair

FEATURE STORY

Australians have always loved the water, but demand for homes on oceans, rivers and harbours has exploded during COVID-19.

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ump aboard the amphibious craft parked on your Sydney harbourside beach and power it straight out onto the water for a seamless James Bond fantasy. Sail off from your Gold Coast waterfront home and berth for a leisurely dinner at the marina of the food hub Capri on Via Roma.

Or just take that stand-up paddleboard and drift serenely away from your holiday house off Scout Beach on the Mornington Peninsula.

Waterfront living has always been the Australian nirvana but today it’s never been more sought-after – or enjoyed.

“People can’t travel at the moment, so they’re looking for waterfront homes or finding ways to make the most of them,” says Amir Mian of Gold Coast real estate agency Amir Prestige.

“The water is now a huge part of their

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entertainment, and that can be boating, jet skis, tubing with the kids ... anything.

“Before, they maybe wouldn’t have used it so much, but now every buyer we have coming from Melbourne, Sydney, WA and South Australia is asking for beachfront or waterfront so they can have that water lifestyle.”

Many might have been content in years past merely to have gazed out onto the water from their homes around the harbour or on the beaches, agrees James Dunn of Richardson & Wrench Double Bay, but now they’re taking a lot more walks and runs along waterside paths, as well as taking their boats out much more often.

“My brother, who lives at Darling Point, has bought an amazing new kayak, and he’s now out on the water with his mates all doing the same thing,” Dunn says. “Once, he would never have

imagined doing anything like that. Now, you can’t travel over to Europe, so it’s all about creating that lifestyle at home.”

That observation is echoed by Di Baker of Di Baker Prestige Properties, who is selling a resort-like four-bedroom apartment in Sydney’s Point Piper.

“There are tropical gardens, a pool and direct access to Seven Shillings Beach,” Baker says, adding that, with people unable to take overseas trips, many are looking for a property that gives them a sense of escape.

The Cruising Yacht Club of Australia has had a record year of new members, with a huge uptake in recreational yacht sales. More owners than ever are upgrading their vessels, buying new ones and seeking more convenient moorings.

“There’s definitely been an increase in water activity,” said a club spokesperson. “People are seeing buying waterfront homes in Sydney as a solid investment and then are making the most of it in these COVID-19 times.”

YOUR AGENT Di Baker, Di Baker Prestige Property

“The gardens are tropical and there is water all around. You could be anywhere except for the view of the harbour bridge.”

Yachts, motorboats, rowing boats, jet-skis – where allowed – stand-up paddleboards, kayaks, surfing, wind-surfing, swimming, snorkelling …

There seems no limit to the activities now taking place from the homes by the water.

You barely need to get your feet wet to enjoy the water. Car trader and yachtsman Neville Crichton shows how it’s done at his $39 million Point Piper waterfront mansion with a ninemetre Sealegs amphibious craft that he drives from his garage straight into the harbour.

There are now around 250 such craft in Australia, priced from $180,000 to $1.2 million, around Sydney and Pittwater, all the way through the Gold Coast to Far North Queensland.

“If you have a nice waterfront or harbourfront property, I say that’s your crown,” says Sealegs Australia agent Michael Rigby. “So, why not add a few jewels to it? You can’t go off gallivanting around the world any more, so it’s about enjoying that water lifestyle instead.”

Point Piper

Sydney Wolseley Road $9 million-$10 million

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Expressions of interest Agent: Di Baker Prestige Property, Di Baker 0412 444 422

Hover your camera over the code to see Domain listings in Point Piper

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THE SUNSHINE COAST’S NEWEST OCEANSIDE COMMUNITY

Ultimate oceanside living now selling

From its commanding oceanside position, AZZURE Bokarina Beach offers luxury oceanside living with two-bedroom apartments through to sophisticated penthouses, meticulously designed to allow you to fully embrace all of the elements oceanside living has to offer.

Filled with luxury and style, residents can immerse themselves in eight levels of superb facilities with never to be built out views.

It’s all about the ocean.

To watch a sunrise, and to watch the ocean be different every day, why wouldn’t you want to live in this location.

This vibrant oceanside lifestyle on Queensland’s Sunshine Coast, now beckons.

- Walter Iezzi, Developer

DON’T MISS YOUR OPPORTUNITY

VISIT OUR BOKARINA BOULEVARD ON-SITE DISPLAY OFFICE

ANOTHER PROJECT CREATED BY

REGISTER YOUR INTEREST AT AZZUREBOKARINABEACH.COM.AU OR CALL SALES TEAM ON 0417 572 559

LIVING IN

37.8226° S, 145.0354° E

HAWTHORN

Grand old homes sit cheek-to-cheek with contemporary builds in this leafy, family-friendly Melbourne suburb. B y K ATE FARRE LLY After eight years living in London’s Notting Hill,

Boroondara Council is keen to see historic homes

Hayley Jenkins-Smith returned to her home town

retained and restored.

of Melbourne in 2018, keen to replicate the sense of community she’d discovered overseas.

She was surprised to discover that Hawthorn,

the area, and a lot of money is being spent, but

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Local agent Sam Wilkinson of Kay & Burton South Yarra lives in the West Hawthorn precinct

parents. It’s the closest family suburb to the city

and says there’s a market both for character

and quite comparable to Notting Hill in that

homes and large-scale contemporary homes.

“A lot of people in the area are passionate about retaining what has kept Hawthorn such a

Jenkins-Smith and her young family the “best

beautiful area for decades,” he says. “But it’s also

park life”, on par with Notting Hill’s community

a fairly progressive neighbourhood, with people

gardens and residential squares.

looking to enhance what is already here.”

“We have two kids, so we go to a couple of the

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people are preserving the older homes.”

now I’m living around the corner from my

But perhaps most enticingly, Hawthorn offers

$7 million-$7.7 million

buildings is so important to the area,” she says.

contender in her absence.

respect, and it’s become a lot more gentrified.”

Melbourne 14 Wellesley Road

have ever worked with; the authenticity of the “You can really notice so much work happening in

“I grew up in Hawthorn, then I went to see the

Hawthorn

“It’s one of the hardest councils our builders

the suburb she grew up in, had become a prime

world,” Jenkins-Smith says. “We came back, and

YOU MAY LIKE ...

Expressions of interest: Close April 7

local parks where we’ve made many friends

Food for thought

socialising at the playground with the local

Wilkinson says from an amenity perspective, the

Sam Wilkinson 0400 169 148

kindergarten and childcare,” she says.

sheer volume of schools in Hawthorn and Kew

This stately 1928 home in Scotch Hill was

combined with a “super-convenient” tram

originally built for the Seppelt wine family. It has

network draws growing families, as does the

many indoor and outdoor living spaces, including

Hawthorn plays host to a mix of Edwardian and

Glenferrie Road shopping strip, where you’ll find

two home offices and a poolside pavilion.

Victorian architecture, with the added benefit of

cafes, restaurants, clothing boutiques,

being set in leafy streets. These grand old homes

supermarkets and the stylish Lido Cinemas.

Classic character

are increasingly coming under protection to preserve the beautiful streetscapes.

Jenkins-Smith, who is midway through a major renovation of her Edwardian cottage, says

Jenkins-Smith recommends Venetian

Agent: Kay & Burton South Yarra,

The spacious home at

restaurant Vaporetto for an Aperol spritz and

14 Wellesley Road is in

Hover your camera over the

tasty Italian fare, and a new restaurant and wine

Hawthorn’s prestigious

code to see Domain listings

bar called Butcher & Vine for great steak.

Scotch Hill precinct.

in Hawthorn

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THE PROPERTY INVESTOR

VAIDA SAVICKAITE

Riding the swell of beachside living Coastal suburbs in Sydney are still offering good returns, however some are faring better than others. B y SU E WILLIAMS

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In the Sydney beachside suburb of Cronulla, rents for units rose 4.2 per cent in 2020.

atch the right wave with a Sydney beach investment, and it could comfortably carry you home. Choose the wrong one, and you could end up being dumped, and often painfully hard.

But successfully surfing that market today relies on more than a simple comparison of rental yields and past capital gains – it also needs a decent reckoning of trends, now and into the future.

In Sydney’s eastern beachside suburbs, for instance, the number of investors out buying property today is low because COVID-19 has seen many short-term holiday apartments turned back into long-term residential lettings and, as a result, rents have fallen steeply. In Bondi, unit rents were down 7.1 per cent last year, on Domain Group figures.

“As a result, yields are too low to attract investors, and prices, with low stock for sale, are back up hitting the peaks of 2017,” says Simon Exleton of McGrath Estate Agents Double Bay, who has just auctioned off two apartments for well over their reserve. Both had more than 100 groups through.

“So everything coming up on the market is going to owner-occupiers who are outbidding investors who usually want to pay 10 per cent less.”

At the southern beaches, like Cronulla, however, the pickings are much better for investors. There, rents actually rose for units –

“We’re seeing a lot of people investing in properties for their futures.” up 4.2 per cent in 2020 – and softened only slightly for houses last year – down 0.6 per cent – with a tight vacancy rate for both.

“I don’t think investors ever really went away from here,” says Christian Payne of Payne Pacific Real Estate. “They were always present, competing with first-home buyers for properties.”

“We see a lot of people investing in properties for their futures. They’re buying now and renting out and planning to move in later.”

Domain senior research analyst Dr Nicola Powell says during COVID-19 and in the period following the lockdowns, there has been strong demand for coastal areas, which has helped push up prices and flatten rental yields to around two or three per cent.

“We’re seeing more importance placed on location by both owners and renters, especially with the move to working from home,” she says.

“So, that does mean the long-term capital growth in those areas is likely to be good.”

There’s also been a huge demand for properties on Sydney’s northern beaches.

In Manly, unit prices have grown by 15.7 per cent over the past year and unit rents have jumped 6.6 per cent. House rents have leapt even higher – by 16.7 per cent – while prices have fallen slightly, by 0.1 per cent.

“We’re getting a number of investors out buying for both the short-term and long-term,” says Dax Whitehead of Belle Property Manly.

“A lot more investors are coming to look at the area as a result of COVID because it’s cheaper than Bondi, rents are coming back, yields are improving and people can work from home and don’t have to commute so much.”

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The Undisputed Jewel of the Noosa Hinterland

On an idyllic knoll surrounded by Mt Cooroy, lush rainforests and eagle’s eye views over the Coral Sea, is the safe secure, stunningly majestic oasis, Stonelea Estate.

Indoors, sophisticated design is next level luxe with features such as a lift, outdoors taking centre stage is a helipad, and for those desirous of an unrivalled lifestyle, the 5-star residence just 15 minutes to Noosa Main Beach, has it all.

Price: $15.5m

S E E M O R E AT O F F E R M A N N . C O M . A U Stonelea Estate, Cooroy Mountain Road, Noosa Hinterland.

Tom Offermann: 0412 711 888 NOOSA’S HOME OF PRESTIGE PROPERTY

Imagine the privilege of building a one-off show stopping masterpiece, inspired by evocative and innovative architecture, on the absolute beachfront, in the much coveted dress circle of Sunshine Beach. It is impossible not to be impressed by the moderately elevated 574m2 site with a substantial 22.3m frontage to the beach. Extending the average width by 7-metres makes a monumental difference to design capabilities possible on this exceptional setting.

Auction: Saturday 17 April 10am

S E E M O R E AT O F F E R M A N N . C O M . A U 66 Seaview Terrace, Sunshine Beach.

Tom Offermann: 0412 711 888 NOOSA’S HOME OF PRESTIGE PROPERTY

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SUSSEX INLET 12 Dotterel Place • Gold Coast style waterfront property located between Canberra & Sydney.

• This award winning residence has water views from every room.

• A sandy beachfront with two boat ramps, a jetty and a pontoon.

• Luxurious living areas that open onto an outdoor spa and BBQ area

belleproperty.com/Jervis Bay

FOR SALE $2,995,000 VIEW By Appointment

3b

3v

xx 02 4441 6400 Wendy Brennan 0431 332 192

Iconic Paradise Waters Luxury on the Main River

59 Commodore Drive, Surfers Paradise

Architecture as spectacular as the views spread out before it, this

6 Bed | 6+ Bath | 5 Parking

north facing property with 360-degree views offers the ultimate

For Sale

JȒǼƳ !ȒƏɀɎ ǼǣǔƺɀɎɵǼƺ ǣȇ Ə ȅƏǕȇǣˡƬƺȇɎ xƏǣȇ «ǣɮƺȸ ɀƺɎɎǣȇǕِ

coleresidential.com.au

Wrapped within meticulously maintained resort inspired

Nicole Bricknell 0407 162 534

ǕȸȒɖȇƳɀً Ɏǝǣɀ ǝȒȅƺ ɀƺƺȅǣȇǕǼɵ ˢȒƏɎɀ ƏƫȒɮƺ Ə ɮǣɀɎƏ Ȓǔ ȵƏȇȒȸƏȅǣƬ

5531 5555

ɮǣƺɯɀ ǔȸȒȅ Ɏǝƺ RǣȇɎƺȸǼƏȇƳ ɎȒ Ɏǝƺ xƏǣȇ «ǣɮƺȸ ۭ !ǣɎɵ ɀǸɵǼǣȇƺɀ

89 North Road, Bassendean | PRIME RIVER FRONT ESTATE 4017sqm of absolute river frontage with your own floating jetty able to easily accommodate a 40" boat, this is a family haven like no other!

This spectacular riverfront setting is home to a charming, spacious, two-storey family home plus undercroft. Offering 6 bedrooms, 4 bathrooms, 2 studies, 4 car garage, spacious open plan dining, family and sitting room off a premium country style kitchen. There is a fantastic alfresco lounge and dining overlooking the heated infinity-edge pool, all facing the sweeping lawns and river. The undercroft is home to a large games room and bar with a window into the pool as well as a secure garage and a full bathroom.

Sweeping lawns, easy-care gardens, a full-sized tennis court, and room for everything a family could want including all your pets, a chicken coop and space to store all your toys.

This is a landmark estate in a prime position, right on the banks of the beautiful Swan River.

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- Spectacular two-storey family riverfront home - Multiple living and entertaining areas with great space - Master retreat with ensuite overlooking the river & tranquil setting - Huge undercroft games room & well-equipped bar - Full size tennis court & heated infinity-edge pool - Glorious outscapes with private Jetty on your door step to the Swan River

Peter Robertson 0427 958 929 peter.robertson@porteous.com.au

Accelerating success.

Residential Lifestyle

Idyllic Sunshine Coast Hinterland Hideaway For Sale by Expressions of Interest closing Thursday 29 April at 4pm 23 & 55 Hutton Road, Kiamba, Sunshine Coast, QLD

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63.61ha* 158.7 acres*

Rural Zoning

Three separate titles allowing for future home sites

Solid, single level home plus cottage

20 minutes* to the Sunshine Coast Airport

30 minutes* to Noosa

colliers.com.au/p-AUS66012472

A unique opportunity awaits to own a piece of paradise in the Sunshine Coast Hinterland, only 30 minutes from Noosa. Nestled high amongst rich lush forested acreage with 180 degrees of uninterrupted water vistas, the property is an idyllic private sanctuary.

The property features an expansive home with a lagoon pool and landscaped grounds, coupled with a two bedroom lakeside guest house. The tranquility is enhanced by a northerly aspect with the property sitting against your own private mountain. The 158 acre property enjoys multiple titles allowing for future house sites, all capturing the unparalleled water views. This is indeed a magnificent property on the Sunshine Coast, one which rarely presents to the market.

Nick Dowling 0419 726 705 Johnny Gooderham 0499 980 259

*Approx.

colliers.com.au

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