Domain Prestige - October 06, 2021

6 OCTOBER / 2021

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

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By Kate Farrelly

Fig Tree Pocket Brisbane 525 Jesmond Road $6 million + J OSE PHIN E H U YN H

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Private sale Agent: McGrath Paddington, Alex Jordan 0410 424 749 I’ve only ever lived in the country’s south-east states and territories, but

On a vast 5638-square-metre block, this grandly

sunny Queensland has always made itself known as a place where the grass

proportioned manor comes with wraparound

is greener. Perhaps it’s the promise of year-round tropical weather, pristine

verandahs overlooking the manicured gardens

beaches at your doorstep or the prospect of always feeling like you’re on

and a huge, heated pool. Accommodation

holidays at home. The pandemic has changed all of our lives and, for some,

includes a domed loft library, a home cinema and

it’s put things into perspective – the jolt to our living needs prompting a

a separate guest house. Exquisite timber joinery,

reflection on whether our homes are where we actually want to be. A sea

multiple fireplaces and leadlight windows are

change has never looked so good and, in particular, buyers’ sights are on the

among the many highlights.

Sunshine Coast just an hour from Brisbane. Property prices across its most sought-after suburbs have soared by up to 46 per cent in 12 months. You can read more in this week’s feature story, alongside some of the most gorgeous homes for sale in the Noosa resort area.

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 Function meets form

FEATURE STORY Sights on the Sunshine Coast

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Digital edition Visit domain.com.au/ digitaledition

O U R COVE R 1/1-7 Bayview Road, Noosa Heads

ZORAN DJEKIC

LIVING IN A classic Queenslander

Listed by Tom Offermann Real Estate PAG E 8

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THE PROPERTY INVESTOR Tips on buying overseas

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Main Ridge Mornington Peninsula 289 Main Creek Road $9.6 million-$10.4 million

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Private sale Agent: Kay & Burton Flinders, Andrew Hines 0400 630 630 This architect-designed family home comes with a side order of cheese, with the award-winning Main Ridge Dairy cheese factory and cafe located on the 46-hectare lot. The business is for sale as well.

Mosman

Cottesloe

Sydney 31 Fairfax Road

Perth 3 Beach Street

$16.8 million +

$7 million

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Auction: Noon, October 16

Expressions of interest

Agent: Atlas Lower North Shore, Michael Coombs 0407 980 443

Agent: Space Real Estate,

Claiming a dress-circle address above Chinamans Beach, this Ian Moore-

Justin Davies 0419 909 350

designed residence features north-facing limestone terraces on each level

With an award-winning courtyard garden out the

to make the most of the Middle Harbour views. There’s a heated pool,

back and a north-facing pool out the front, this

established gardens and lift access to the top-floor main bedroom retreat,

beachside home is well-equipped for outdoor

which includes a large office, en suite and walk-in wardrobe.

entertaining. It also comes with a home office.

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Artist Impression

BEAUTY AND GR ANDEUR AT EVERY LEVEL AN UNRIVALLED COLLECTION OF 28 OPULENT FULL FLOOR RESIDENCES NOW SELLING E NQ U IRE N OW ON TH IS EXCLUSIVE OPPORTU N I TY 1 3 00 765 576 | LUXEBROADBEACH .COM . AU

IMPORTANT DISCLAIMER. PLEASE READ CAREFULLY Indicative only. Dimensions, design features, floor areas, specifications and room configurations subject to change without notice. Any furniture shown is not included. The development is not completed and so the final product may differ from that depicted in this floorplan. Buyers should refer to and rely on the Disclosure Document and the plans forming part of the Contract.

DESIGN DIGEST

Made with purpose Meaningful design offers a sense of purpose and comfort, bettering our everyday life at home. C o m p i l e d b y PAU LIN E M O RRIS SE Y STYLISH REST STOP The soft, vivid, and chic Barry Bench, designed by Ximi Li, presents an inviting rest spot that can be placed in any space of the house. Featuring a thick seat and thin base, further flair is provided by way of customisation in length, fabrics and colours. domo.com.au

WARM EMBRACE Designed by Space Copenhagen for the prestigious SAS Royal Hotel, the Loafer armchair was originally commissioned for the hotel’s lobby. Intended to provide a sense of intimacy in a very open space, it was created with arms that MARTINA GEMMOLA

wrap around the sitter. andtradition.com

MARBLE MAGIC

MOOD LIGHTING Intended for the workspace and bedroom, the Study Table Lamp was imagined

Crafted with a solid

by Canadian design studio MSDS. Exhibiting a minimalist and elegant expression, it diffuses a direct

marble base, in either

yet warm light. Available in white and dusty peach. wouddesign.com

rosso lepanto or bianco gioia, paired with a fused black glass top, Verre Particulier is a sculptural side table with a contemporary personality, designed

by Italian brand Studiopepe. spacefurniture. com.au

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A big ray of Sunshine

FEATURE STORY

Great weather, green values, an enviable lifestyle and significant price growth – what’s not to love? B y SAR AH WE B B

O

nce a humble home for barefoot surfers and retirees seeking sand in their golden years, the Sunshine Coast is now one of Australia’s most prized playgrounds for prestige buyers, with property prices swelling by up to 46 per cent in 12 months across its most sought-after postcodes.

Fuelled by exclusivity, driven by development restrictions along the coastline and augmented by the remote working wave initiated by COVID, the relaxed region just a couple of hours north of Brisbane is also becoming a mecca for cashed-up tech wizards with nine key suburbs

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now members of the million-dollar-plus club for median house prices.

It’s a region that also obliterated the Queensland house price record with the $34 million sale of a Sunshine Beach trophy home at 17 Webb Road in June this year – a sale that came hot on the heels of the $14 million transaction of 8 Noosa Court, Noosa Heads, a three-bedroom penthouse that eclipsed the previous Sunshine Coast apartment record by $5 million.

Both sales were handled by Tom Offermann, of the eponymous real estate firm.

While the quiet beachside strip still lacks the grandeur of Sydney’s Darling Point or the overwhelming wealth of Melbourne’s Toorak, property experts say the unstoppable wave of buyer demand is paving the way for an unprecedented growth cycle.

“Our buyer base was traditionally wealthy, selffunded retirees, but now we’re seeing this massive influx of young, financially capable families who are picking up properties in A-grade positions, and we’re seeing a lot of younger wealth that’s coming out of IT, finance and tech that’s tapping into new lifestyle opportunities [off the back of COVID-19]. So, we’re right at the beginning,” says Adrian Reed of Noosa’s Reed and Co. Estate Agents.

“The abundance of nature, shopping, the beaches and the prestige amenity that is afforded to us is pretty desirable … and it’s all limited stock, so there’s going to be [further] price increases.

“In fact,” Reed adds, “we’re probably in what appears to be the early stages of a fairly significant growth cycle.

“With all those micro-markets like Byron Bay or Portsea, there’s a number of factors you have to achieve, and they are that you have to be easily accessible and offer a world-class experience, and Noosa obviously ticks that box.

“It’s in close proximity to an international airport and has wonderful food, rich national assets and beautiful river systems, and it’s flanked by world heritage assets. It’s a pretty special part of the world.”

Those compelling attributes, coupled with insatiable buyer appetite, led to extraordinary annual house price growth in Mooloolaba, Buddina, Doonan, Sunrise Beach and Minyana, according to the latest Domain House Price Report. Of those, Minyana topped the list after a 46.7 per cent jump shot median house prices to $1.375 million in the year to June.

House prices in the region’s most exclusive suburb, Sunshine Beach, also rose by 27.1 per cent to reach an eye-watering $2.2 million.

These gargantuan leaps are further bolstered by sky-high auction clearance rates, Offermann said, with days on market also slashed to a matter of hours in some exceptional sales.

“There are a lot more buyers than there are sellers, and so there’s a substantial backlog of people intending to relocate to the area or invest, and they are not willing to do so until they are able to cross the borders. So, we expect that 2021 right through to the end of 2022 is going to be a very buoyant market for the Sunshine Coast,” Offermann says.

“We could absolutely see the same level of growth that we already saw [over the past 18 months], and it’s all supply and demand. We just don’t have the opportunity to create new stock, and what’s holding back buyers as well is waiting for a place in a school while others are selling property, and the vast majority are waiting for the borders to open.

“Underpinning their decisions [to move here] is the favourable weather year-round, the reserved environmental values … and the lifestyle. The Sunshine Coast has always had a history of leading the prestige markets outside of the key locations like Sydney Harbour … and the pandemic has fuelled that growth, as have low interest rates.”

That highly combustible fuel is expected to ignite countless multimillion-dollar deals over

1/1-7 Bayview Road Noosa Heads, opposite; 41 Picture Point Crescent, Noosa Heads, above left and right; 10 Frying Pan Track, Noosa North Shore, below.

the spring selling season, with one jaw-dropping four-bedroom estate at 1/1-7 Bayview Road, Noosa Heads, tipped to draw buyer interest from across the globe to the highly-anticipated auction on October 17 through Chris Miller of Tom Offermann Real Estate.

Nearby, the four-bedroom home at 41 Picture Point Crescent, Noosa Heads, showcases spectacular sunset views and is nestled into the north-facing side of Laguna Hill. It’s going under the hammer on October 9 through Lisa Hornsby of Dowling Neylan.

Just a stroll away, an immaculate fourbedroom mini-mansion on a 1.62-hectare block at 10 Frying Pan Track, Noosa North Shore, is already fielding offers thanks to the scale and location, says Reed, the co-selling agent.

“This one has a price guide of $7 million … and It’s more akin to a resort. We’ve been inundated with inquiries from southern and local Brisbane buyers looking for a country retreat,” he says.

Noosa Heads Sunshine Coast 41 Picture Point Crescent 4

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Auction: 11am, October 9 Agent: Dowling Neylan, Lisa Hornsby 0400 128 142 Boasting an iconic view across the Noosa waterways, this pristine split-level home features a large deck, a swimming pool and a pergola on a 1447-square-metre block.

Noosa Heads Sunshine Coast 1/1-7 Bayview Road 4

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Auction: 1pm, October 17 Agent: Tom Offermann Real Estate, Chris Miller 0412 894 542 This luxury four-bedroom, four-bathroom home on a 937-square-metre block just minutes from Little Cove Beach includes a fully tiled infinity pool nestled in tropical gardens.

Noosa North Shore Sunshine Coast 10 Frying Pan Track $7 million

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Expressions of interest Agent: Reed and Co. Estate Agents, Adrian Reed 0409 446 955 A sprawling four-bedroom, four-bathroom estate on 1.62 hectares, the home is surrounded by lush gardens, an orchard and a pool, and is just 700 metres from Hastings Street by boat.

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B E Y O N D E X P E C TAT I O N S ;

COCO PRIVÉ Little Cove Hugged by the Noosa National Park, is world-class Coco Privé, the latest incomparable showpiece from the celebrated design and development team of Glen and Deborah Watson. With signature features such as floating day beds, curvaceous staircase, sky terrace, state-of-the-art alfresco spaces, and designer furniture, just bring your toothbrush and suitcase. Everything else is here.

Auction 17 October 1pm 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 1/1-7 Bayview Road Noosa Heads.

Agent: Chris Miller 0412 894 542 NOOSA’S HOME OF PRESTIGE PROPERTY

LIVING IN

27.46196° S, 153.06043° E

HAWTHORNE

Close to the city, to culture, to water and good schools, Hawthorne is a Brisbane suburb with the lot. B y K ATE FARRE LLY Paul Edmondson and his wife Karen were

“And it’s a really tight-knit community. We get

delighted when a long-held dream to live in

people who are upsizing or downsizing or

Hawthorne came to fruition in 2019.

relocating and they really don’t want to leave

“We’ve been wanting to be in this pocket since 2005,” says Edmondson, a father to three teenagers. “We’ve been here two years now and we’re very happy we made the move.”

Edmondson was looking to replicate the “village

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those places where you can feel at home”.

“I actually love the fact that I don’t have to leave this pocket,” he says. “Everything you need is here, and if you do want to leave, you can jump on a ferry to go to South Bank, or take an Uber to The Gabba.”

A ferry to the city from the terminal at

from a way-of-life perspective,” he says. “The

Hardcastle Park takes just 15 minutes and

kids love it here … it’s got energy in spades.”

Morningside Station in neighbouring Balmoral is

Urban amenity

Brisbane 11 Amy Street

Edmondson describes Hawthorne as “one of

suburbs of Paddington, Balmain and Leichhardt. water – all those things that are really important

Hawthorne

their neighbours and friends.”

vibe” he loved when growing up in the Sydney “It’s that proximity to the city, to culture and to

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within walking distance.

O’Doherty says Hawthorne is a magnet for

Set on the south side of the Brisbane River and

families, with an array of good schools close by,

Auction: 7pm, October 21

sharing a postcode with Bulimba, Hawthorne has

including Lourdes Hill College, which claims a

Agent: Belle Property Bulimba,

a small collection of cafes and shops next to

prime riverfront site.

Tony O’Doherty 0466 442 674

Hawthorne Park and is just a stone’s throw from Bulimba’s bustling Oxford Street.

The Edmondsons are regulars at the Deluxe Cineplex and at Hawthorne Garage, a high-end deli offering great coffee and fresh food.

Belle Property Bulimba agent Tony O’Doherty

Beautifully restored and extended, Kerrisdale is a

Riverside lifestyle

1930s Queenslander featuring high ceilings,

Buyers can choose from classic Queenslanders,

timber floors and a wraparound verandah. Set on

Federation homes and contemporary new builds.

a 931-square-metre block close to the village

O’Doherty says buyers can’t go wrong following

centre, it has a pool and established gardens.

the lead of our richest person, Gina Rinehart, who

says locals from postcode 4171 can count on a

owns two adjoining riverfront properties in Aaron

friendly face at the Oxford Tap House, which has

Avenue: “Some of the most successful people in

Hawthorne is a haven

“old-school” charm and great food and drink.

Queensland call Hawthorne home and that

for beautiful, classic

Hover your camera over the

stretch of river along Aaron Avenue is home to

Queenslanders, like this

code to see Domain listings

many billionaires.”

one at 11 Amy Street.

in Hawthorne

“There are coffee shops and restaurants and bakeries, it’s just really cool, urban living,” he says.

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S U N S H I N E B E AC H

27 The Esplanade

With its vast proportions, stunning ocean views and bespoke interiors, this architecturally designed beachfront home by Zarinan Gurrie reflects a new take on Asian-inspired luxury. Those looking for a unique home to call their own will adore the use of quality timbers, the exquisite attention to detail and fine craftsmanship on show throughout.

M I K E H AY

0417 624 059

R AC H E L S E L L M A N

0422 719 041

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BED

BATH

CAR

FOR SALE

By Negotiation

VIEW

Contact Agents

07 5447 2451

century21noosa.com

THE PROPERTY INVESTOR

ISTOCK

Eye on the overseas prize Residential property overseas has never looked so tempting – especially when we’re able to leave Australia to work remotely.

B y SU E WILLIAMS

P

Akaroa, near Christchurch in New Zealand. The country is in the top 10 of global house-price growth.

re-COVID-19, how many of us had fabulous holidays overseas and idly daydreamed about buying an investment property in some gorgeous spot? Post-COVID, will any of us actually do something about it?

Quite a few, says Brett Evans, managing director of financial advisors Atlas Wealth Management. With the pandemic pushing us to relive those memories even more fondly, house prices in Australia soaring, savings building up and many favourite spots around the world much more affordable with good capital growth, investing in residential property overseas has never looked so tempting.

“Australians are basically nomadic creatures and love to travel,” Evans says. “In the past, it could be quite a convoluted process to buy overseas, but, especially with the pandemic, many countries are now making it easier.

“Australian property at the moment is offering very low yields and, from a financial perspective, it’s also a bit of a currency hedge. I spoke to a couple yesterday downsizing in Sydney and buying in the south of France, so

they’d have income in euros as well as in Australian dollars.”

With so many governments ploughing funds into infrastructure and everyone more familiar with the technology of buying sight unseen, there are some inviting indicators around.

“You might get a relatively low entry price and high rental return.”

Knight Frank’s latest Global House Price Index, for instance, shows house prices rising 9.2 per cent on average across 55 countries in the year to June 2021. Some of our favourite holiday destinations are in the top 10 for growth, too: New Zealand 25.9 per cent, the US 18.6 per cent and Canada 16 per cent.

Kate Everett-Allen, head of international residential research for Knight Frank, says “house prices are rising at their strongest rate since the first quarter of 2005”.

“Due to travel restrictions, the surge in demand has come from domestic buyers in key economies such as New Zealand, the United States and Australia.”

Many countries’ median prices are still far below those of Sydney, or Byron Bay, too.

Auckland’s is just $US801,388, for instance, on Juwai IQI data, Lisbon’s $US224,808, Tokyo’s $US703,454 and even London’s $US861,614.

Most Australians prefer to invest in homes where they might like to spend more time in the future, or where they can spend a holiday sometimes and rent out the rest of the time.

But they need to check many factors, says Effie Zahos, Canstar editor-at-large. These include tax liabilities, exchange rates, currency movements, finance and funding, any existing debts on the property, how to confirm title and ownership, protecting the investment and an exit strategy – all difficulties that can be compounded by language barriers.

“It tends to come down to what you are buying it for,” Zahos says. “You might get a relatively low entry price and high rental return ... and you could build cash flow through holiday lets.

“We’ve all gone on holiday and thought, ‘Gee, I’d love a place here!’ and it can be really affordable. Who wouldn’t love a little place in Mykonos? And with remote working …”

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Exquisite and Iconic Main River Estate

293-295 Monaco Street, Broadbeach Waters Scan for Listing

微信 扫码

Auction On-Site, Sunday 31 October at 12pm 6

For Further Details Contact Michael Kollosche 04111 888 15 Jay Helprin 0407 894 775

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38m

829m2*

2,411m2

Revered as one of Main River’s most stately residences, this grand manor epitomises exquisite elegance without losing its undeniable warmth and charm. Standing proudly on a meticulously manicured 2,411m2 double block with 38m waterfrontage, flawless finishes shine throughout this masterpiece that has been expertly designed to be a magnificent masterpiece, yet functional, family-friendly and befitting of both milestone celebrations and everyday living. A haven of happy memories for the same family for 25 years, multiple living and dining zones open via French doors onto a full-length, river-facing sandstone terrace. A gourmet kitchen with acclaimed Liebherr and Ilve appliances will be a hub for family connection, while six bedrooms (including the sophisticated master suite with spa ensuite), ensures everyone has a private sanctuary to retreat to. *approximate

Temple Byron, Landmark Byron Bay Spiritual Oasis

Byron Bay

46 Melaleuca Drive, Byron Bay Scan for Listing

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Auction On-Site, Tuesday 19 October 6pm 7

For Further Details Contact Kim Jones 0414 629 924 Karin Heller 0409 177 659

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2.9 acres

The mystical Byron Bay holistic healing residence ‘Byron Temple’ has come on the market for the first time in sixteen years. This is a ‘once in a lifetime’ opportunity to own a rare piece of significant land minutes from Byron’s most exclusive beaches. From the moment you enter this dreamlike space, the surroundings whisper positive and calming energetic vibes enticing you to be drawn to its many multi-purposed lifestyle spaces which are overflowing with unlimited creative business potential.

Whether you utilise this space as a health or yoga retreat, healing or community centre or a beautiful private estate, this is a rare opportunity to capture a piece of the Byron Bay narrative and a landmark spiritual oasis.