Domain Prestige - April 13, 2022

13 APRIL / 2022

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

INSTANT CONNECTION Feel- good flowing space s

B y K ATE FARRE LLY

Woollahra Sydney 6 Linden Avenue $13.5 million J OSE PHIN E H U YN H

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Auction: Noon, May 7 Agent: Ray White Eastern Beaches, Benjamin Goodwin 0405 500 841 I’m feeling a bit guilty. After a glorious four days in Melbourne last week I

Designed by Campbell Architecture and built by

think I’ve fallen in love with the city – the people, the gallery, the boutiques

Lisney Architectural Builders, this spacious home

and the architecture both new and old. Like I have cheated on Sydney in a

is close to parkland and Queen Street village

short-lived but lustful affair. Can you tell I’m still living vicariously through

shops. The main living areas are at entry level and

our cover this week? Even the little things like the cab ride from Brunswick

include an eat-in marble kitchen flowing out to a

Street – where, I’m going to call it, I had the best banh mi of my life – to the

terrace overlooking the pool. Bedrooms and a

Yarra had me in awe of the gothic silhouettes of churches and reimagined

home office are upstairs and a huge rumpus

heritage buildings that passed by the window. I caught myself taking mental

room and three-car garage are downstairs.

notes of all the design motifs and how I could one day incorporate them into a new home build, or add it to the inspection list of non-negotiables.

(Although a gold molten door knob might be a bit OTT.) But, coming back home, nothing beats the warm welcome of Sydney’s blue coastline.

O U R COVE R 95 Hambleton Street, Middle Park Listed by Jellis Craig Port Phillip PAG E 11

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

HOT PROPERTY

DESIGN DIGEST Mirror, mirror on the wall

FEATURE STORY Prices soar in sunny Queensland

LIVING IN Beachside and close to it all

THE PROPERTY INVESTOR Future-proof your assets

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 Digital edition Visit domain.com.au/ digitaledition

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Grose Vale Hawkesbury 646 Grose Vale Road $4 million-$4.4 million

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Auction: 3.45pm, April 30 Agent: McGrath Northwest, Greg Vincent 0410 526 901 This 3.6-hectare estate comprises a sprawling four-bedroom main residence plus a separate two-bedroom cottage. The grounds include terraces and a pool with serene rural views.

Aspendale

Sovereign Islands

Melbourne 73 Nepean Highway

Gold Coast 11 Hampton Court

$8.5 million-$8.95 million

$6.5 million

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Expressions of interest: Close 5pm, May 5

Private sale

Agent: Belle Property Mentone, Garry Donovan 0419 588 660

Agent: Ivy Realty, Ivy Wu 0433 103 586 in

Claiming almost 2000 square metres of beachfront land, this contemporary

conjunction with Professionals Vertullo,

family home comes with a floodlit tennis court, a pool and a spa, and is

Chris Moyer 0433 003 244

close to top schools, golf courses and eateries. No steps, no road, no

An opulent retreat boasting more than 23 metres

walking path, just pure sand and endless ocean views at your back gate.

of north-facing water frontage.

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Outdoor Clearance sale on now.

Forrest Elliptical Table & Armchairs by Kett.

Nodi Sofa, Coffee & Side Tables by Tribu.

Luxurious furniture from leading designer brands.

See in-store or online for details.

Swingrest Hanging Lounger by Dedon.

Exclusive to

Melbourne | Sydney | Brisbane | Perth www.coshliving.com.au

DESIGN DIGEST

Moment of reflection Glass and mirrors allow designers to play with form, light and colour to add visual punch. C o m p i l e d b y PAU LIN E M O RRIS SE Y CELESTIAL PENDANT Available as a single pendant light or as a tiered chandelier, Lee Broom’s Eclipse Pendant is crafted with two circular plates that rotate around each other, mimicking two planets in orbit. spacefurniture.com.au

MELT MIRRORS New York-based designer Bower Studios is the newest addition to Living Edge’s portfolio of renowned brands. Its latest collection, Melt, encompasses a range of shaped mirrors designed to be soft, graceful and draping. livingedge.com.au

DANCING LIGHT

SEE-THROUGH STYLE Playing with colours, light and shadow, the Sol side table was designed by

Designed by Muller van

Spanish designer duo Ortega-Guijarro for ClassiCon. It is created from Parsol glass in bronze or grey,

Severen for HAY, the

or crystal glass with coloured inlay in royal blue. anibou.com.au

Arcs Vase has an eyecatching scalloped silhouette formed by a chain of rounded vertical plates. It’s made in stainless steel with a mirrored finish or steel in different colours. hayshop.com.au

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FEATURE STORY

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hey’ve long housed the lion’s share of lavish Queensland homes but now, after 24 months of exponential growth, medians across a handful of the state’s priciest suburbs are outpacing even San Francisco.

Sunshine Beach stole headlines late last year when house price medians soared to $50 shy of $3 million, but just as all eyes turned north to the Sunshine Coast suburb, a smattering of other “millionaire’s rows” across Brisbane and the Gold Coast also strengthened their hegemony in the luxury market.

They had eye-watering annual growth of up to 58 per cent, with Mermaid Beach on the Gold Coast, alongside Brisbane’s New Farm and Teneriffe, reaching record median highs of more than $2 million, according to Domain’s latest House Price Report.

The Gold Coast’s Paradise Point and Surfers Paradise, with Brisbane blue-chip suburb Ascot, were hot on their heels following a growth spurt that pushed medians north of $1.8 million.

Incredibly, they’re figures that are comparable to – or even higher than – the San Francisco

Queensland’s creme de la creme From Sunshine Beach to Mermaid Beach, the state’s top suburbs are recording unheard-of price growth. B y SAR AH WE B B

County median of $A2.174 million, according to the California Association of Realtors. And with the “Zoom change” trend drawing more remote workers to sunny Queensland, more suburbs could soon enter the exclusive list.

According to the report, Mermaid Beach is now the second most expensive suburb in Queensland – after Sunshine Beach – following a 42.6 per cent hike in the median house price to $2.375 million in December 2021. And while the prestigious pocket is sans a Golden Gate

Bridge, it does house the famous Hedges Avenue – colloquially known as “millionaire’s row”.

Boasting absolute beachfront properties where not even a path separates the palatial palaces from the dunes, the exclusive strip maintains the Gold Coast’s highest house sale price rat $27 million, achieved by 33-39 Hedges Avenue in 2008.

“There’s been a reset of people’s minds globally about what they want [due to the pandemic],” says Alex Caraco of Raine & Horne Elite. “A lot

Mermaid Beach, above; 60 Admiralty Drive, Paradise Waters, top middle right; 58-62 Kingsholme Street, Teneriffe, top right; 17 Hedges Avenue, Mermaid Beach, right.

of people are not satisfied with their life and then when there’s a war people do assess things very quickly. So, there’s definitely a lot more interest in the Gold Coast market [right now].

“People genuinely believe they want the best and the best is Hedges Avenue … and they are no longer coming here to buy and sell a holiday house, but to live.”

It’s a sentiment that allowed Nine Gold Coast news co-presenter Eva Milic, and her property developer husband Marcus Dore, to offload their Hedges Avenue beach house in an offmarket deal worth $14.5 million in January this year, and it’s one Caraco says is already fuelling strong interest for a four-level mega-mansion he’s marketing for $20 million at nearby 17 Hedges Avenue.

“Just the size of the home is remarkable. It’s 817 square metres … it has a lift inside and it’s made of concrete and is master-built,” Caraco says. “Generally speaking, the shortage of inventory on the street makes this home quite special. And it last sold 15 years ago.

“I’ve had 56 inquiries on the property so far … four of those are currently selling in Sydney and Melbourne.

“I also have Dubai and UK buyers looking here,” he adds.

Up in Brisbane’s Teneriffe, where the land alone is worth its weight in gold, Ivo Kornel and Olivia Plimmer-Wilson, of Sixty Four Property, are marketing a luxurious 1900s estate at 58-62 Kingsholme Street for around $10 million.

“It’s a truly special home … it has that sense of history but you also feel like you’re in the Hamptons on a Brisbane budget,” PlimmerWilson says.

The home was launched to the market just weeks ago and can be viewed via private inspections only.

Plimmer-Wilson says the size of the block – 1151 square metres – make this estate a rare gem in a suburb where large parcels are increasingly being carved up.

“Homes like these don’t come up very often … and I think the good thing about New Farm and Teneriffe is they are suburbs that, even in a bad market, retain their value,” she says. “Over the past two years they have seen a huge spike and

since then it has not slowed down but they have found their footing.”

That footing is a record-high house price median of $2.15 million – a figure that climbed 30.7 per cent last year.

Back down on the Gold Coast, in another of the city’s “millionaire’s rows”, Sam Guo and Julia Kuo of Kollosche are marketing a waterfront mansion at 60 Admiralty Drive, Paradise Waters. They say incredible views add to the star-power of the street.

“I think the Gold Coast has just taken off,” Guo says. “It has been undervalued for many years and buyers believe that here it’s nice, it’s cheaper [compared to Sydney and Melbourne] and they get a much better lifestyle.”

With more and more Gold Coast suburbs set to join the $2 million median club and outstrip the San Francisco median, that “cheap as chips” belief could become a thing of the past.

“We are seeing increased international interest … and now that the borders have opened [we’ll see even more],” Guo says.

Over the past 12 months, median house prices in Paradise Waters climbed an astonishing 58.3 per cent to $1.9 million.

Mermaid Beach Gold Coast 17 Hedges Avenue $20 million

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Private sale Agent: Raine & Horne Elite, Alex Caraco 0407 502 100 This home has four levels of luxurious beachfront living on a corner block. Its features include a media room, a gym and a temperaturecontrolled wine room.

Teneriffe Brisbane 58-62 Kingsholme Street Circa $10 million

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Private sale Agent: Sixty Four Property, Ivo Kornel 0412 301 439 Avondale is a four-bedroom Federation Queenslander, built in 1901, with panoramic city views on a 1151-square-metre block.

Paradise Waters Gold Coast 60 Admiralty Drive $13 million +

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Expressions of interest Agent: Kollosche, Sam Guo 0423 064 310 Four-level, five-bedroom manor with an internal lift and 1418 square metres of internal space on a spacious waterfront block.

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LIVING IN

37.8509° S, 144.9616° E

MIDDLE PARK GREG BRIGGS

Close to the beach, parks, the CBD, great shops, restaurants and schools, Melbourne’s Middle Park has it all. B y PAU LIN E M O RRIS SE Y

YOU MAY LIKE ...

Middle Park

Flanked by the bay and the sports fields and

wanting to be closer to the CBD and the bay, as

lake of Albert Park, the leafy suburb of Middle

well as professional couples seeking the

Melbourne 95 Hambleton Street

Park offers the chance to enjoy a sea change

beachside lifestyle,” Bruce says. “Young families

$5.95 million

within comfortable reach of the city. Despite

enjoy the suburb’s plethora of schooling options,

being a mere 15-minute drive from the Melbourne

including ... easy access to reputable local

CBD, its heritage homes, charming cafes and

schools such as Albert Park College, which was

slow pace of life, allow residents to put the big

named Australian School of the Year for 2021.”

smoke firmly into the rear-view mirror.

Village on the fringe

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Inspired by European nostalgia For Ned Radojcic, who moved to Australia from

While the tranquil Middle Park Beach and nearby

Belgrade, Serbia, 27 years ago, the leisurely way

facilities such as the Melbourne Sports and

of life made Middle Park the perfect place to

Aquatic Centre and Albert Park Driving Range are

open the kind of cafe he’d left behind. A

some of the suburb’s chief appeals, says Oliver

manifestation of his childhood memories, Ned’s

Bruce, director and auctioneer at Marshall White

Bake sees a European-inspired artisan bakery

Port Phillip, there’s also a more difficult-to-

meet a classic, buzzing Melbourne cafe.

quantify aspect that is equally as alluring.

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Since opening its doors on Armstrong Street in November 2021, Ned’s Bake has been welcoming

Expressions of interest

give Middle Park a visible uniformity that people

customers to take time to sit and watch the

Agent: Jellis Craig Port Phillip,

love, with many Victorian and Edwardian

world go by while nibbling fresh-from-the-oven

Simon Gowling 0422 234 644

residences dotted about wide streets being a key

artisan delights and sipping an espresso –

Beyond the striking facade of this period home, a

ingredient of the suburb’s quaintness,” he says.

something Radojcic believes is innately European,

magnificent architect-designed transformation is

“And considering how close we are to the CBD,

while embodying the spirit of Middle Park.

revealed, combining indoor and outdoor living

“The streetscape and traditional architecture

there’s very little traffic.”

Much like its enduring features, the area’s

“While we are among Melbourne’s smaller

seamlessly, with an award-winning pool and spa.

suburbs, Middle Park is developing into a bustling

property value has remained steadfast, with a

cafe and shopping scene, where daily needs are

median house price of $2.864 million, as noted in

well taken care of,” he says. “It’s very much a

Behind many of

Domain’s latest House Price Report.

beach suburb, with winters just as beautiful as

Middle Park’s heritage

Hover your camera over the

summers, and when you look over your shoulder,

facades lie alluring

code to see Domain listings

you’re able to see the city in all its glory.”

contemporary spaces.

in Middle Park

“We are noticing an increase in downsizers moving from Stonnington and Boroondara

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N O O S AV I L L E

3 / 2 1 7 - 2 1 9 G Y M P I E T E R R AC E

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INFINITY PENTHOUSE NOOSA’S NEWEST MOST LUXURIOUS RESIDENCE Discover the spectacular life of luxury you deserve in this sublime riverfront retreat. Impeccably crafted by renowned Chris Clout to capture the essence of Noosa living.

• • • •

Sparkling river views from almost every room Sleek integrated chef’s kitchen with high-end appliances Glass-edge “sky pool” with sensational views Open plan living with multiple dining options and seamless indoor-outdoor flow

LISA MCKENZIE

0417 776 361

D A V I D C O N O L LY

0438 259 956

AUCTION

Saturday 23 April 2022 On-site 3.00pm

VIEW

Saturday 10-10.30 am Wednesday 10-10.30 am

07 5447 2451

century21noosa.com

THE PROPERTY INVESTOR

STOCKSY

Going green to stay in the black Sustainability and energy efficiency are becoming the new tick-boxes for investors as a way to future-proof their assets.

B y SU E WILLIAMS

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Banks wanting to ‘green’ their portfolios are offering competitive rates on loans for sustainable homes.

sk Kate Longley if it makes sense for investors to buy a more sustainable home over a regular property, and she’s in no doubt whatsoever. She lives in one and doesn’t think she’ll ever want to move away.

“When we moved in, the building was already connected to 100 per cent certified GreenPower,” says Longley, who lives in Melbourne’s top green apartment building, Nightingale 1 in Brunswick.

“Our apartment was designed in such a way that it stays a comfortable temperature all year round, so I haven’t needed to think about using aircon. The ongoing cost of living is also reduced … our hydronic heater costs nearly nothing to run, so we just have it on low all through winter, keeping the home nice and cosy.”

Investors all over Australia are looking more closely at buying more energy-efficient homes, often with solar panels, batteries and electric vehicle charging to reduce running costs and to attract, and retain, good tenants.

“Investors have always looked for location, amenity and connectivity to transport but now

they’re also looking for additional energyefficient infrastructure,” says Luke Achterstraat, the NSW executive director of the Property Council of Australia.

“They want houses that are well built, or that they can appropriately retrofit, to provide a

“Energy efficiency is becoming less optional and more necessary.” stable income stream and long-term capital gains that are future-proofed.”

Banks are now under enormous pressure to “green” their portfolios, says Anil Sagaram, the chief executive of Acacia Money, a financial technology business that helps people build wealth in a sustainable way.

“As a result, they’re now offering an increasing range of green financial products, like loans secured against sustainable, or electrified, homes at some highly competitive lending rates,” he says.

“Also, sustainability helps resale values. Energy efficiency is becoming less optional and more necessary, if you look at the way the world is going. The next generation of renters is more demanding of green outcomes, too. COVID-19 changed many Australians’ attitudes to greening their lifestyles. The EY Future Consumer Index last year found an incredible 90 per cent of Australians “are engaged to some degree on the topic of sustainability”.

One factor sometimes holding back investors in traditional homes is that the home buyer pays to upgrade a property, but it’s the customer who saves, says Davina Rooney, chief executive of the Green Building Council of Australia. That means a split incentive.

But the options are far greater than just investing in individual smart homes.

“Build-to-rent (B2R) is becoming a serious asset class in Australia, and you have companies like Mirvac with their B2R club with the Clean Energy Finance Corporation,” Rooney says.

“Retirement living is also an asset, with so much work done by Lendlease to green their product.

“We’re now also on the path to having a national framework for the energy disclosures of homes. We get an energy rating for our fridges, but we don’t for homes, except in Canberra.”

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1 7 H E D G E S AV E N U E , MERMAID BEACH, QLD 6 bed | 8 bath | 6 car | 877sqm Luxury Home

FOUR LEVEL PALATIAL LUXURY BEACHFRONT HOME WITH UNINTERRUPTED OCEAN VIEWS Nestled on a corner block in magnificent Mermaid Beach, no expense has been spared in the rejuvenation of this coastline Mansion!

Specifications • Land Size: 405sqm • House Size: 877sqm • Media Room

• Secure Underground Car Park • Wine Cellar & Cool Room • Gym

• Steam Room • Sauna • And More!

The Beach as your backyard!

With direct access to the beach, start your day with a surf or swim, then return to an outside shower, followed by a steam session in the sauna! Take advantage of the gourmet kitchen, butler’s pantry and open plan living which flows out to a beachfront deck where you can enjoy one-of-a-kind views.

Elite

Alex Caraco | 0407 502 100 alex.caraco@elite.rh.com.au

Waterfront Grandeur Steals the Limelight Boasting flourishes of Hamptons’ inspiration, whispers of cool Palm Springs, and the unimpeachable credentials of Gmelli Design, is a private albeit lush oasis from the street, and a sense of grandeur on the wide waterfront.

The heart and soul of an idyllic summer escape blurs the lines between indoors and out. It has a distinctive feature pool, royal oak floors, romantic marble bathrooms and a chandelier which is next level luxury.

Auction Saturday 7 May 2022 12pm 5

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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 60 The Peninsula Noosa Waters

Agents: Tom Offermann 0412 711 888 Nic Hunter 0421 785 512 NOOSA’S HOME OF PRESTIGE PROPERTY

23 Bay Street | Patonga Patonga Beachfront Bliss!

5 Beds 3 Bath 3 Car

After a wait of over a decade, finally, a superb and very rare opportunity presents for you to secure one of the finest, new, architect designed beachfront homes on pristine Patonga Beach.

Greet the day and relax into the evening as you entertain your guests in supreme comfort, space and style with the sound of the waves lapping gently on the shores, in this great Australian 4 bedroom beach house of contemporary design and timeless quality.

This home is located in the perfect position along idyllic Patonga Beach, which is the Central Coast's best kept secret! You are literally 1 hour from Sydney, minutes from Pearl Beach or enjoy a scenic ferry ride from nearby Palm Beach!

Your cares will melt away as you enjoy the serenity of this unique and charming seaside village so close to Sydney!

Auction

On site Saturday 23rd April at 2:15pm, if not sold prior

View

As advised or by appointment

Agent

Stuart Gan 0456 786 586 stuart@coastrealty.com.au Daniela Sanna 0431 486 552 daniela@coastrealty.com.au

Office Email

4339 8074 enquiries@coastrealty.com.au

View more properties www.coastrealty.com.au

‘Longwood’ – One of the Finest Fusions of Natural Beauty and Bespoke Residences in the Byron Shire 8 BED

7 B AT H

7 CAR

8.86HA

ADDRESS:

541 Friday Hut Road, Possum Creek

PRICE:

Expressions of Interest – Closing 3rd May, 2022

ENQUIRIES:

Su Reynolds 0428 888 660 | Helen Huntly-Barratt 0412 332 232

• Multi-dwelling luxurious property offering ultra-stylish living and uncompromised privacy • 2 stunning main residences with the highest of craftsmanship, style and vision • Naturally deep swimming holes, waterfalls, a spring fed dam, native forests, 100-year-old fig, fruit trees and open grassy expanses • Desirable location: 18 minutes to Byron Bay, 8 minutes to Bangalow, 26 minutes to Ballina Airport and 47 Minutes to Gold Coast Airport SALES@BYRONBAYFN.COM WWW.BYRONBAYFN.COM.AU

NEW ZEALAND'S FINEST LUXURY PROPERTIES

383 Esplanade Henley Beach

Expressions of Interest

by Thursday 28th April @ 4pm (USP) Price $4.5M - $4.95M

foxrealestate.com.au

See demand for your home Download the app

Mark Conway mark@foxprojects.net.au 0452 584 600

“ABSOLUTTE” An iconic beachfront masterpiece.

Influenced by the shaping and reshaping of the foreshore, “Absolutte” is an oasis of tranquillity resting as a pure gem of modern luxury in harmony with nature. Lares Homes will soon bring this vision to life with meticulous craftsmanship.

GAGBGC GHGDGJ 3

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415 sqm

RLA 226868

kayburton.com.au