Domain Prestige - September 22, 2021

22 SEPTEMBER / 2021

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

ENCHANTING ESCAPE Feel a world away in WA

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Peppermint Grove Perth 29 Keane Street $8.75 million + J OSE PHIN E H U YN H

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Expressions of interest: Close September 30 Agent: Ray White Cottesloe Mosman Park, Jody Fewster 0414 688 988 Sometimes what you want from a magazine is a sense of familiarity and

Limestone walls, she-oak cabinetry and a

comfort. But other times, it’s pure fantasy, a chance to transport you

double-height entry foyer are just some of the

somewhere else entirely. Somewhere like Western Australia’s south-west,

highlights of this gracious home. On 1819 square

with its down-to-earth lifestyle. Margaret River is the only wine region in the

metres, it is a short stroll from waterfront

country where you can hop from award-winning cellars and restaurants to

parkland and the local yacht club. Designed by

stunning beaches and tall-timber forests all in a day. It’s the place for

Martin Grounds, the property comes with a

indulging many passions and, for the astute investor, a winery may just be

tennis court, plunge pool and cellar.

your ticket to an early retirement. We all might be at home for a little while longer, but in my mind I’m already there, feeling the warmth as I recline beside the pool of one of the prestige WA properties we showcase in this issue. Close your eyes and you can feel it too because, while we might not be able to travel anywhere at the moment, we can all still dream.

Editor: Josephine Huynh josephine.huynh@ domain.com.au Editorial producer: Paige Tonna Group picture editor: Kylie Thomson Senior designer: Colleen Chin Quan Graphic designer: Emma Staughton National managing editor: Alice Stolz Chief executive officer: Jason Pellegrino

Residential sales: Queensland Brad McLeod 0429 571 826 New South Wales Belinda Sinclair 0414 580 903 Victoria & Tasmania Ray van Veenendaal 0438 279 870 Western Australia, South Australia & Northern Territory Jeroen van de Peppel 0427 292 797

HOT PROPERTY

DESIGN DIGEST The fundamentals of good design

FEATURE STORY WA’s south-west property market

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Digital edition Visit domain.com.au/ digitaledition

O U R COVE R TOURISM WESTERN AUSTRALIA/VASSE FELIX

29 Keane Street, Peppermint Grove Listed by Ray

LIVING IN An exclusive peninsula pocket

White Cottesloe Mosman Park PAG E 2

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PR E ST IGE

THE PROPERTY INVESTOR Harvest the rewards of a top drop

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Brookfield Brisbane 335 Boscombe Road 5

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Private sale Agent: Johnston Dixon Quality Property, Josephine Johnston-Rowell 0414 233 575 On more than four hectares of established tropical gardens, Elysium claims views across Mount Coot-tha from two generous levels. There’s a selection of living spaces, a resort-style pool and a self-contained apartment.

Cooroibah Noosa 24 Amaroo Place 4

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Yallingup Busselton 179 Dryandra Avenue $2.75 million +

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Auction: 1pm, September 25

Private sale

Agent: Professionals Rentals & Sales Mackay, Robyn Land 0400 422 673

Agent: Realmark Dunsborough,

It’s a 10-minute drive to Noosa from this fully furnished home on two

Julie Fairclough 0407 174 258

hectares. You can cool off in the huge, chemical-free pool and watch the

This new Wildwood Valley residence enjoys

wallabies graze from the outdoor kitchen. There are four bedrooms with

sweeping district views, with ocean glimpses

en suites and a striking stone-wrapped, eat-in kitchen with Miele appliances

from the deck. There’s a Hamptons-style kitchen,

and a huge butler’s pantry.

three-metre ceilings and solid timber floors.

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DESIGN DIGEST

Simple elegance Simplicity, functionality and elegance – these are the basic ingredients of good design. C o m p i l e d b y PAU LIN E M O RRIS SE Y NORDIC MEETS ASIAN Made with elegant silk in various shapes, sizes, and colours, the UFO Pendant is Danish-designed by brand Oi Soi Oi and handmade in Vietnam, lending them an Asian influence. Available in Australia exclusively through Tigmi Trading. tigmitrading.com

BRASS BEAUTIES Designed by Amanda Lilholt for Danish studio Applicata, the Circle Collection includes various styles of candleholders, skilfully crafted from brown brass. They can be grouped to form a beautifully unified display or stand entirely on their own. applicata.dk

RAY OF LIGHT

SHELL-LIKE STYLE A continuation of Sydney-based designer Daniel

Inspired by Italian

Boddam’s popular Coast collection, the Pipi Coffee Table takes its design

marble tables from

cues from the Australian landscape. Its two-tiered, nesting-style timber

the 1970s, the Reverse

forms come together to create a low-lying, striking arrangement.

Lamp, designed by

danielboddam.com

Aleksandar Lazic for Danish brand Menu, sees a cone-shaped travertine base paired with a bronzed aluminium shade, fitted to cast an adjustable, warm light. menuspace.com

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FEATURE STORY

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t’s an area of stunning beaches, picturesque vineyards, verdant forests, gourmet food … and rocketing house prices.

The south-west corner of Western Australia is now being counted among the most desirable lifestyle destinations in the nation, with strong demand for homes in many locales, low supply and prices that are, as a result, smashing historical records.

“I put one house up for sale recently, then had to put my helmet on and mouthguard in to brace for the crowd of people saying they wanted it,” says Ian Carter of Carters Real Estate in Denmark. “I was swamped with inquiries from all over Australia and overseas.

“It’s been crazy around here. I’ve been here 34 years and have never seen a marketplace like this. COVID-19 has changed the world, but it’s certainly changing it around here.

“It’s a beautiful, isolated spot, only half-anhour from Albany, and suddenly everyone wants to live here.”

You can understand why. Denmark sits on the Rainbow Coast, 400 kilometres from Perth, resplendent with beaches, undulating green hills and a mild climate. Here, prices have risen

How the south-west was won This stunning pocket of Western Australia has shaken off a long property slump to become the darling of the COVID era.

B y SU E WILLIAMS

21 per cent in the last quarter alone, according to a recent Domain report.

But it does have fierce competitors from many of the other towns in the 23,000-squarekilometre area with 170,000 inhabitants.

There’s Yallingup, for example, on the coast and surrounded by the Leeuwin-Naturaliste National Park, a mecca for the wealthy, surfers and fishermen. Its median price, according to the Real Estate Institute of Western Australia (REIWA), has leapt 13.7 per cent over the quarter, and 53.3 per cent since June 2020.

Then there’s Eagle Bay – another beacon for

the rich and famous – where prices have risen 14 per cent over the year, Dardanup where prices have jumped 10.8 per cent over the quarter, and Augusta-Margaret River, up 8.2 per cent in the same three months.

In Dunsborough, REIWA deputy president Joe White says prices have gone up 20 per cent in the past year and a half.

“When COVID hit, we had a six-week lockdown in March-April 2019, then as soon as we came out of that, KABOOM!” he says. “And it hasn’t stopped since.

“We were coming off a pretty low base, the

Burnside Augusta-Margaret River Mentelle Road

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$2.2 million-$2.5 million

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Expressions of interest: Close 5pm, October 6 Agent: Space Real Estate, Paul Manners 0448 900 838

149 Terry Drive, Margaret River, above; 49 Mentelle Road, Burnside, top right; 14 North Street, Dunsborough, above right.

longest property slump in WA history that went back to the GFC in 2008, but prices are now going through the roof.

“When a pandemic hits, people want to go to places with fewer people, and now they can work from home anywhere, they’re all discovering us.”

That whole region, surrounded by ocean and reserves, is very much the new Byron Bay, believes Rob Farris of JMW Real Estate, who’s selling a four-bedroom house at 14 North Street, Dunsborough, for $2.9 million. “People are paying a premium and prices are getting absolutely stupid.”

Many major companies have now relocated their HQs to the south-west, too, and holiday homes that were only seasonally occupied have people living there five days a week, with two days spent in the office in Perth.

In addition, 40,000 previously fly-in, fly-out mine workers settled in the state, so they’d be able to work during state border lockdowns, with many coming to the south-west.

“With no overseas holidays, we had so many people visiting and discovering this area for the first time,” says Shane Greaves, of valuers

Herron Todd White. “Then we saw a big increase in people coming for a tree or sea change.

“We’ve had a lot of buyers buying from the east coast sight-unseen and paying prices that seem reasonable compared to Sydney prices but that are very high here.

“We’ve had sales in Yallingup for $4.3 million and $4.5 million, and Eagle Bay for 6.5 million.

There’s plenty of money out there.”

In Margaret River, an area that’s dominated by older housing stock, with only a few standout prestige properties, another home is being sold for $4 million. “It is an absolute ripper, though,” said Mack Hall Real Estate agent Mitch Thorson of the house at 149 Terry Drive. “The first owner of this now lives in Monaco.”

Even residents who were in the area are now returning. A five-bedroom house at 49 Mentelle Road, Burnside, being sold for offers with an expectation of $2.2 million to $2.5 million, has, among its potential purchasers, one man who last owned it eight years ago.

“He’s now trying to raise the money to buy it back,” says agent Paul Manners of Space Real Estate. “The area is so popular now, and so many people want to live here.”

Margaret River Augusta-Margaret River 149 Terry Drive

$4 million

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Private sale Agent: Mack Hall Real Estate, Mitch Thorson 0438 238 483

Dunsborough Busselton 14 North Street $2.9 million

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Private sale Agent: JMW Real Estate, Rob Farris 0418 956 700

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14 North Street Old Dunsborough

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$2,900,000

OLD DUNSBOROUGH – WATER VIEWS - WHAT AN ICONIC ARCHITECTURAL STUNNER Your opportunity to acquire a very individually architecturally designed luxury beach side home in perhaps the most sought-after west coast location. Stroll about 60 metres to the pristine blue waters of Geographe Bay for a swim within the shark protection net, sunbake or a relaxing time on the beach. Old Dunsborough boat ramp is 2 minutes away. It’s just a short walk to the Dunsborough Country Club, where everyone is welcome to enjoy the Dunsborough lifestyle.

HIGHLIGHTS INCLUDE: - Four bedrooms, three bathrooms, spacious basement workshop and utilities room, side access with room for a boat and secure rear parking - Large open plan chef's kitchen/dining/living zone that opens onto a beautiful outdoor balcony entertaining area with a tranquil ocean vista. Protected from the easterly wind for your comfort and enjoyment - Upstairs the second floor reveals a resort style master bedroom with a beautiful en-suite featuring a classic his and hers design and a balcony to sit and take in the views of Geographe Bay. - The first floor accommodation features two double size guest bedrooms with a spacious high quality finished bathroom with oversize bath and two separate vanities.

- A well designed second living/theatre room sits central to the guest bedrooms with its own powder room and this whole zone can be closed off for privacy if required - Ground level/ basement zone features a large private guest master bedroom with a stunning en-suite, bar fridge and coffee making facilities QUALITY HOMES LIKE THIS IN "OLD DUNSBOROUGH' VERY RARELY COME TO MARKET SO BOOK YOUR PRIVATE INSPECT NOW. Contact Robert Farris on 0418 956 700 all hours for further information or to arrange a private inspection.

JMW Real Estate 08 9756 8800 jmwrealestate.com.au

RESIDENCE FEATURES: - Sale price includes all high-quality furniture & household effects including two canoes - Superior quality finishes and fixtures throughout the residence - The chef’s kitchen features stainless steel bench tops, walk-in pantry, high-end appliances all included in the sale purchase - Beautiful marble breakfast bar adjoins the kitchen and dining area.

- Upgraded C-Bus lighting, entertainment system and remotely operated window blinds - Floor to ceiling feature glass windows allow plenty of natural light and warming northern winter sun - Polished concrete flooring to the high traffic zones with feature timber inlays in dining/living area - Reverse cycle air-conditioning throughout EXTERNAL FEATURES: - Side access driveway leads to a massive carport with 4 car capacity and covered access to residence - Soak up the sun on the sun lounges in the tranquil northern garden area - Landscaped retained garden areas are easy care with low maintenance and reticulation - Come home from the beach and jump under the private outdoor shower before entering the house

Rob Farris

0418 956 700 rob@jmwrealestate.com.au

JMW (WA) Pty Ltd Licensee Trading as JMW Real Estate | ABN: 41 304 155 031 | 238 Naturaliste Terrace, Dunsborough WA 6281 | Licensed Real Estate & Business Agent

LIVING IN

33.583359° S, 115.065948° E

EAGLE BAY

Generous blocks a stroll from the beach are the main drawcards of this Cape Naturaliste Peninsula locale. B y K ATE FARRE LLY

YOU MAY LIKE ...

Eagle Bay

With around two dozen streets and just 200

Bay from a little bay that had very few houses to

homes, Eagle Bay is a tiny but exclusive pocket of

one now that has some amazing [big homes],”

the Cape Naturaliste Peninsula, three hours

she says. “It’s a beautiful place to live, with a very

Cape Naturaliste Peninsula 18 Depuch Close

south-west of the Perth CBD and a short drive

safe beach for children and an amazing little

$2.7 million +

from the wineries of the Margaret River region.

community.”

Host to the holiday homes of Perth’s elite, this

Friday night drinks, fundraising dinners and

recent years with sale prices to rival the city’s

the kids’ sandcastle competition held every

prestigious western suburbs.

Christmas.

JHY Realty agent Andrew Hopkins sold an impressive home in Gypsy Street for $6.5 million

Margaret River gateway

earlier this year, matching the sale price of a

Hopkins says the area is also a wonderful base

Picquet Close property last year.

for visiting the Margaret River wine region. There

Lovely land parcels

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The locals gather at the community hall for

coastal retreat has been making headlines in

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are more than 200 wineries scattered between Eagle Bay in the north and Cape Leeuwin in the

Hopkins says the generous lot sizes, which range

south, and many boast an attached restaurant or

from 2000 square metres up to two hectares, are

cafe. There’s also a selection of breweries, olive

part of the area’s appeal.

farms, cheese makers and chocolatiers,

Private sale

alongside galleries and museums.

Agent: JHY Realty,

“Eagle Bay is unique in that it’s the only place with lifestyle-sized blocks where you can still

O’Connor says while winery day trips are top of

Andrew Hopkins 0407 440 438

stroll down to the beach,” he says. “The area is

the list for holidaymakers in the area, the locals’

This as-new home sits on a 6237-square-metre

still predominantly for holiday homes, but there’s

favourite pastimes can be found close to home

block and captures ocean views. A striking

been a gentle transition to Baby Boomers either

and include boating, fishing, swimming and

feature is a recycled face-brick tower housing a

buying to retire or semi-retire here, so the

hiking. Meelup Regional Park forms the town’s

sculptural staircase and main bedroom retreat.

permanent community is slowly growing.”

eastern boundary and offers walking and biking trails, a whale-watching platform and beautiful

Eagle Bay is still

Eagle Bay, Annabel O’Connor has made her

beaches. The bustling town of Dunsborough sits

predominantly made up

holiday home her permanent residence and is

on the other side of the park, and it’s here that

of holiday homes, but

Hover your camera over the

enjoying the quiet pace of life.

Eagle Bay residents come for groceries, a

the permanent

code to see Domain listings

caffeine hit or some retail therapy.

community is growing.

in Eagle Bay

After more than 30 years spent holidaying in

“Over the years, I’ve seen the changes in Eagle

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EAGLE BAY FARM STRATEGIC LANDHOLDING

For Sale by Tender Closing 4pm Friday 15 October 2021 (unless sold prior)

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141 Eagle Bay Road, EAGLE BAY

- Secluded 14.75ha (36.45acres), the last remaining rural property within the town locality of exclusive Eagle Bay. - Stunning views over parkland to the ocean, opposite the Eagle Bay residential area and adjoining Meelup Regional Park.

- Perfect long term land bank investment with potential upside from future development.

- Zoned Rural with multiple business and/or lifestyle opportunities available.

- Includes 3 character timber weatherboard cottages and connected to scheme water.

- Easy walking and riding access to Eagle Bay and Meelup Beach, Wise Winery, Eagle Bay Brewery or Meelup Farmhouse for breakfast, lunch or dinner.

- Eagle Bay is 8 minutes drive from Dunsborough and 35 minutes drive from the recently upgraded Busselton airport.

14.75ha

FOR SALE byTENDER

boundary indicative only

potential view from second level

LOUIS DE CHIERA 0418 909 899

louis.dechiera@stockerpreston.com.au

Dunsborough 08 9756 8888 Busselton | Margaret River | Augusta stockerpreston.com.au

THE PROPERTY INVESTOR

FRANCES ANDRIJICH

It’s tempting to buy a cellar It’s a wine-lovers dream to buy into the heady world of vineyards and wineries, but it’s not a move to be taken lightly.

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An aerial view of Picardy Wines, in the Pemberton region of Western Australia.

boutique winery in the Margaret River region, with two large homes and an olive grove. A historic homestead just outside Launceston set in green rolling hills garlanded with vines. A gorgeous winery and cellar door specialising in hearty reds by the Murray River.

What’s not to love about the idea of investing in a winery, either buying your own in some magical spot of a well-known wine region, or taking a stake in a vineyard fund?

“It depends on what you want out of it,” says Gerald Feickert of winery and vineyard brokers Feickert & Co. “If you want a massive financial return, then it’s probably not such a good idea.

“But we’re getting so many inquiries at the moment from people who like wine, can work from home, want to get out of the city because of COVID-19, and want to combine a lifestyle with an income. That can be fantastic. And the wine industry is changing with ... opportunities for entrepreneurs who understand digital marketing and can bypass the big retailers and build their own brands and following.”

It’s important to invest well, though, either in, or just outside, Australia’s best-known wine regions, like Western Australia’s Margaret River, South Australia’s Riverland or Barossa Valley, NSW’s Hunter Valley or Central Ranges, Victoria’s Yarra Valley or Rutherglen.

“If you know what you’re doing, it can be quite a profitable business.”

“You need to be on a major wine route to attract tourists and have a cellar door where you can sign people up,” Feickert says.

Critically, this kind of business should never be done after a few glasses of some delicious varietal you’re offered on a site visit, either. You need a clear head to examine the books and

prospects of an established winery or the costs of setting one up.

There’s also a horticulturist and a winemaker to hire, or the price of good advice.

“If you know what you’re doing, it can be quite a profitable business,” says agent Brian Moulton of Acton South West Busselton, in Western Australia’s south-west.

“But if you’re a doctor or dentist investing in a winery with little knowledge of growing fruit, making quality wine and selling in good markets, you might not have such a good cash flow,” he says.

Of course, it’s terribly tempting to invest in something you love, and what could be more dashing than for a wine connoisseur at a dinner party to produce a few bottles of their own latest vintage? (Unless it’s not good.)

Yet the time could soon be ripe for buying as well, with a few more vineyards likely to hit the market as the $1.2 billion from the loss of Chinese export markets bites and possibly a domestic over-supply kicks in from this year’s record crop of 2.03 million tonnes, 31 per cent up on last year.

“If you have wealth from other sources, it’s good to invest in an existing brand and build it up and not have to worry about making a shortterm return,” says Tony Battaglene, the CEO of Australian Grape & Wine Inc. “But in the long term, we’re an industry with a good reputation, great supply and well-regarded around the world.”

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“Diligent, hard working and knowledgeable.”

Call me to make your next move.

Jody Fewster Owner/ Director B.Com(Hons), MBA Harvard, GAICD

0414 688 988 jody.fewster@raywhite.com

Selling Perth’s Western Suburbs. A world class location.

Sale 29 Keane Street, Peppermint Grove

Sale 147A Forrest Street, Peppermint Grove

rwcmp.com.au

Sale 62 Johnston Street, Mosman Park

Sale 26 Hobbs Avenue, Dalkeith

Sale 3 Neville Road, Dalkeith

Sale Mosman Park

651 McLeod Road, Shadforth, Denmark | A VISION SPLENDID This is your ultimate rural lifestyle property on the South Coast, with sweeping ocean views out to William Bay, Point Hillier and Stanley Island. Surrounded by rolling green pastures, Karri Forests and the patchwork quilt of the undulating hinterland, the view is panoramic and breathtaking.

Built with a clear vision and a guiding passion to create something unique and special, the home was designed by leading architect Michael Lyons, and built by a local master builder in 2012, with no expense spared in the pursuit of bringing their combined vision to life.

The total accommodation across the main house and adjoining pavilion is a generous 5 bedrooms, 3 bathrooms, plus powder room, with open plan living, dining and kitchen, multiple terraces and courtyards, an indoor heated pool and an oversized double garage, with a total area of 724sqm.

A magnificent property in every regard, I invite you to contact us today for full details and to organise your viewing.

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- Indoor heated 9m saltwater pool.

- Large General Purpose farm shed, plus water tanks and five dams.

- Farm is 46.94 Hectares, or 116 acres. It is approximately 80% pasture and 20% Karri bushland.

- The home is on the mains power grid but has its own solar panels and auto switch-over generator.

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

39 Mount Street, West Perth | ONE OF A KIND Meticulously planned and masterfully executed, this incredible bespoke home promises a luxury lifestyle like no other - welcome to 39 Mount Street, West Perth.

Brand new, never lived in, and designed by award-winning Baltinas Group architects, its unique elements draw inspiration from local aesthetics, including Kings Park and the Swan River.

Occupying a freehold site in West Perth's premium Mount Street enclave, plus a strata lot (for the terrace courtyard), the soaring residence boasts 543sqm of internal area, spanning six light-filled levels.

External panels of exposed aggregate feature a striking origami design, mirrored internally by an inner panel housing the elevator shaft, angular walls and vast expanses of double-glazed glass.

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- Six storey, split level luxury residence - 4 bedrooms, 6 bathrooms, Study, Lounge, Dining, Alfresco, Terrace, 4 car garage - Designed by Barry Baltinas of Baltinas Group - Incredible views of the Swan River, CBD and Kings Park - Solar-powered, with photovoltaic roof panels - 'Folding' exposed aggregate external panels - Wall-to-wall double glazing

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

Top Floor Penthouse Absolute Beachfront Ideally positioned on the upper level, northeast facing with the waves breaking directly below.

Highly sought-after and very rarely available apartment within “Genoa One” building situated on the absolute beachfront of Bribie Beach.

Apartment 3 occupies the entire top floor with its impressive 281sqm of a totally relaxed lifestyle with ocean views from Moreton Island to Caloundra.

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3/50 Rickman Parade, Woorim Auction Sun 10th October 11am Onsite View Sat & Sun 11-11.45am Michael Vettoretto 0438 705 745

NOTHING COMPARES. queenslandsothebysrealty.com

Bed

4

Bath

2.5

Car

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Panorama, Prestige, Position.

Nestled into the north facing side of Laguna Hill is the most iconic view on offer in Noosa today! Showcasing the most panoramic views across the Noosa waterways you will see anywhere! Sweeping across Noosa Main Beach to Noosa North Shore, Noosa River to Tewantin and beyond to the mountains of the hinterland; is this architect-designed home, circa 1970’s, on a 1447sqm allotment. Positioned across a double block, zoned high density with clear potential to redevelop the site and custom design a showstopping tri-level lifestyle residence. There is nothing like this on the market; it is unique, private, and a once in a lifetime opportunity.

Saturday 9th October at 11am

Viewing dowlingneylan.com.au

Agent Lisa Hornsby 0400 128 142

dowlingneylan.com.au

41 Picture Point Crescent, Noosa Heads

Auction

dowlingneylan.com.au

For Sale

WORLD CLASS TROPHY ADDRESS;

Megawatt Lustrous Noosa’s Laguna Bay

Nature’s canvas, a truly spectacular eagle’s eye view of an ever-changing seascape along the shimmering sand of Noosa Main Beach,turquoise waters of Laguna Bay and beyond, takes centre stage, while the star of the show, is the indubitably sophisticated Cape Cod/LA interior design.

Think Slim Aarons artworks, endless high-end travertine, US-imported sumptuous furniture, Murano glass, and features crafted in the Rolls Royce tradition of perfection. Area 412m² Auction Friday 15 September 2021 - 12pm 4

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S E E M O R E AT O F F E R M A N N . C O M . A U 5 Hastings Park/81 Hastings St Noosa Heads

Agents: Rebekah Offermann 0413 044 241 Tom Offermann 0412 711 888 NOOSA’S HOME OF PRESTIGE PROPERTY