Domain Prestige - May 11, 2022

11 MAY / 2022

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

MAKE A STATEMENT Palatial living in the hills

A RT I ST I M P RESS ION ONLY

DISCOVER A LI F EST YLE

BEYOND COMPARE SHUT E HAR B O UR M AR INA.CO M

Set to become Queensland’s premier destination in the heart of the Whitsundays, Shute Harbour reimagines a tropical paradise for those who seek to live, work, and play in the Whitsundays.

Incorporating leading-edge environmental design, Shute Harbour will offer the finest resort-style living, private accommodation for yachts and cruisers, premium retail and commercial amenities in an exquisite waterfront setting.

STAG E 1 NOW SE L L ING

F O R M O R E INF O RM ATION , CON TACT

Waterfront lots with 25m berths from $1.75M 10m-30m private berths from $165,000

Sophia Cross +61 474 276 981 Rob Taylor +61 428 466 124

B y K ATE FARRE LLY

Elanora Heights Sydney 21 Caladenia Close $18 million-$19 million J OSE PHIN E H U YN H

5

5

5

Expressions of interest Agent: Christie’s International Real Estate, Darren Curtis 0406 761 840 in conjunction It’s incredible how a home can also be a work of art. I’ve had the luxury

with Sydney Country Living, Shayne Hutton

of walking through some of Australia’s most architecturally acclaimed

0400 420 000

homes on the market but none seem to compare to the extravagance of

Affectionately known as the Star Trek house, this

this week’s cover property in Elanora Heights, northern Sydney. Perched like

futuristic residence sits on an elevated two-

royalty on just over two hectares, the residence spreads its wings and takes

hectare lot, giving every room superb views over

shape as an unmistakable masterpiece. Its curved, leaf-like roofline is a nice

the ocean, lagoon or national park. The generous

nod to its woodland setting and connection to Narabeen Lagoon.

spaces include a formal lounge, an office and

Furthermore, we spotlight three Australian properties flaunting the latest

self-contained guest accommodation.

interior fashion trends coming out of innovative new builds and renovations, including an East Brisbane home with all the bling. Did someone say, “$50,000 Gucci wallpaper”? So extra, I love it.

O U R COVE R 21 Caladenia Close, Elanora Heights.

Listed by Christie’s International and Sydney Country Living PAG E 4

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 magazine editor: Natalie Mortimer National managing editor: Alice Stolz Chief marketing officer: Rebecca Darley 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 Digital edition Visit domain.com.au/ digitaledition

4

PR E ST IGE

HOT PROPERTY

DESIGN DIGEST Corporate chic

FEATURE STORY High-end trends

LIVING IN Front row on the Brisbane River

THE PROPERTY INVESTOR New national rental figures

7 8 11 13

Tyagarah Byron Shire 6 McInnes Lane $15 million +

11

8

13

Expressions of interest: Close May 30 Agent: Pacifico Property, Christian Sergiacomi 0400 221 653 Sea views, 2.7 hectares of landscaped grounds adjoining a national park and multiple residences – this Paul Witzig-designed property is bound to impress. Finished to a high standard, Birdsong is a 15-minute drive from Byron Bay and includes a nine-bedroom main residence with a pool.

Toorak

Paddington

Melbourne 32 Balmerino Avenue $11.5 million-$12.5 million

4

5

4

Brisbane 6a Agars Street 5

4

3

Auction: May 25

Auction: 1pm, May 28

Agent: Abercromby’s Real Estate, Ada Taylor 0428 058 880

Agent: Place Estate Agents Ascot,

Well-positioned close to top schools and riverfront parkland, this as-new

Drew Davies 0421 078 273

residence is brimming with luxury inclusions, from the internal lift and

This pavilion-style home is only three kilometres

surround-sound home theatre to the high-end kitchen with butler’s pantry.

from the CBD and comes with a pool and around

Also featured are a heated pool and a temperature-controlled wine room.

500 square metres of accommodation.

PR E ST IGE

5

A U S T R A L I A’ S U LT I M AT E BEACHFRONT ADDRESS IS NOW UNDER CONSTRUCTION

LU X U RY 3 & 4 B E D R O O M A PA R T M E N T S & PENTHOUSES FROM $2.975M - $16.5M W I T H O C E A N V I E W S F R O M E V E R Y A P A R T M E N T A N D U N R I V A L L E D P R I V A T E A M E N I T Y, E N T E R A R A R E W O R L D O F T I M E L E S S L U X U R Y D E S I G N T H AT E P I TO M I S E S T H E E N D L E S S G O L D C O A S T S U M M E R .

P E R F E C T LY L O C AT E D O N A B S O L U T E B E A C H F R O N T AT 7 - 9 N O R T H C L I F F E T E R R A C E , S U R F E R S PA R A D I S E .

P O P - U P S A L E S C E N T R E O P E N D A I L Y B Y A P P O I N T M E N T A T T O T A L P R O P E R T Y G R O U P, LEVEL 1 CAPRI ON VIA ROMA, ISLE OF CAPRI QLD 4217.

SCAN TO EXPERIENCE R OYA L E

R OYA L EG C.CO M.AU

1300 722 131

DESIGN DIGEST

Office attire With many of us working from home, these office-friendly designs help achieve an ideal work-style balance. C o m p i l e d b y PAU LIN E M O RRIS SE Y ENDURING DESIGN The iconic Swan Chair was designed by Arne Jacobsen in 1958 for the lobby and lounge areas of the SAS Royal Hotel in Copenhagen, and remains a design staple today through Fritz Hansen. With no straight lines, the chair has an organic yet architectural appeal. cultdesign.com.au

MODERN STUDY Showcasing a bold structural form featuring high-contrast materials of solid timber, leather inlay and brushed brass, the Bleeker Desk by Coco Republic would make a statement in any office setting. cocorepublic.com.au

BRIGHT IDEA

BITS AND BOBS Iittala’s Kuru collection by designer Philip Malouin features quirky, geometric pieces

Displaying a perfect

that provide highly functional storage solutions. They make organising one’s desk not only productive

fusion of form and

but also visually appealing and provide a stylish sense of order. iittala.com.au

function, the Alabaster Coffee Bronze Table Lamp from DOMO is beautifully crafted from alabaster and metal with a coffee bronze finish, emitting luminosity and ambience. domo.com.au

PR E ST IGE

7

FEATURE STORY

8

PR E ST IGE

A

fter years of soft, cream hues that whisper “serene coastal chic”, the Hamptons look is finally making way for a bold set of luxe trends marching their way into Australian high-end homes.

Led by capricious curves and striking wallpaper that screams “big-city sophistication”, the mode of the moment prioritises pizazz in a post-COVID world, property pundits say, with kitchens that boast four ovens (or more) and resort-esque outdoor spaces ready-built for those sunset margaritas.

These trends began dancing their way into innovative new builds and renovations last year, says CHS Building Brisbane director Corey Stone, with 2022 already seeing a continuation of the vivacious luxury look that also favours bigger ... well, everything.

“I love that we’re stepping away from the Hamptons. People are pushing the friendship with patterns instead ... and people aren’t scared at the moment to do colour,” Stone says.

“But in general, houses are just getting bigger and more complicated and more expensive.

This year’s hot design trends Say goodbye to the Hamptons, straight lines and minimalist colours – it’s 2022 and it’s time to make a statement.

B y SAR AH WE B B

“The average build cost has gone up and it’s not stopping.”

These are the key luxe trends making their magnificent mark in prestige homes this year.

Michelin-star kitchens From the full gamut of ovens (think steam, convection, microwave and rotisserie) to industrial ice makers – “we’ve seen a huge increase; people want to make their afternoon margaritas” – Stone says fully equipped kitchens

capable of restaurant-worthy feasts are dominating luxury home trends this year.

Bold colours are also being used in the kitchen – in lieu of the traditional white or cream – with a focus on high-quality appliances stealing the show, says Michael Bacon of Place Estate Agents Kangaroo Point.

“Tech has evolved people’s thought processes and they are now aware of what’s out there,” he says. “Before, they couldn’t tell the difference between Miele and Gaggenau appliances, but

now at this higher-end price point, they are asking more questions and they want the stories behind them,” he says.

This trend is on display at the meticulous 29 Laidlaw Parade, East Brisbane, which was designed by Greg Natale, executed by Stone and is now on the market for $12 million through Bacon. Multiple ovens were incorporated into the statement kitchen.

Definitive, decisive design

29 Laidlaw Parade, East Brisbane, above and top centre; 62 Park Street, South Yarra, top right; 46a Louisa Road, Birchgrove, right.

The curved walls, archways and staircases that were laboriously ripped out over the past decade in lieu of sharp edges are now being fastidiously put back in, with venetian plaster walls and glass also taking centre stage in dozens of luxury builds.

Bold wallpaper and walls splashed in deep primary colours are adding to the mix, says Damon Krongold of Kay & Burton South Yarra, and for many, it’s a refreshing shift.

“We have come from an era or a trend that was minimalist in colour,” he says.

Krongold is marketing a striking five-bedroom home at 62 Park Street, South Yarra, where an incredible three-year renovation orchestrated by Julie Johnson of Foxwood Design was recently completed. It’s brimming with statement colours and a unique style that couldn’t be further from the Hamptons.

“This home is the complete opposite. Between the timber and the marine ply, and the strength

of the green in the kitchen and the rustic copper splashback ... it’s definitive and decisive rather than the muted colour palette [previously favoured],” Krongold says.

Back over at 29 Laidlaw Parade, $50,000 was spent on Gucci wallpaper alone, with de Gournay wallpaper also on display.

East Brisbane Brisbane 29 Laidlaw Parade $12 million

5

6

4

Resort-style spaces The incorporation of steam rooms, lush baths, double showers and heated floors is on the rise – alongside outdoor entertainment areas that plate up the ultimate retreats for the evening wine – with a view of course.

This look is captured at 46a Louisa Road, Birchgrove – one of Sydney’s most tightly held precincts – and it can all be yours for $13.5 million.

Selling agent Katrina Wilson of BradfieldCleary says the home, which was flawlessly designed by John Greenwood & Associates, was all about beautiful bedroom suites, high-end finishes and the kind of sundrenched entertainment terrace that luxury home hunters continue to crave.

“What’s also hot with prestige properties is people want something that they can move straight into,” Wilson says. “I think just with COVID, everything has taken so much longer, including renovations and approvals. So, just finding something that is all done is what people are after at the moment.”

Private sale Agent: Place Estate Agents Kangaroo Point, Michael Bacon 0423 342 707 Riverfront five-bedroom home designed by Greg Natale. Features include Gucci and de Gournay wallpaper, a custom pavonazzetto marble fireplace, Venetian glass tapware and a lift.

South Yarra Melbourne 62 Park Street $13.5 million-$14.5 million

5

6

4

Private sale Agent: Kay & Burton South Yarra, Damon Krongold 0418 850 757 Meticulously renovated five-bedroom, sixbathroom abode, boasting panoramic city views.

Luxurious features include a marble en suite, a wine room and a pool and spa.

Birchgrove Sydney 46a Louisa Road $13.5 million

5

5

2

Expressions of interest Agent: BradfieldCleary, Katrina Wilson 0409 099 409 Five-bedroom, architect-designed home with marble bathrooms, underfloor heating and a media room/home office on a waterfront block.

PR E ST IGE

9

LIVING IN

27.5138° S, 152.9796° E

CHELMER TAMMY LAW

Once you settle in charming Chelmer on the Brisbane River you’ll find it difficult to leave, the locals say. B y PAU LIN E M O RRIS SE Y It’s a telling sign when families stay put in a

businesses owned by locals who live in the area,”

place over many generations; where childhoods

he says. “The number of nice parks leads many

are so complete, those who grow up there yearn

local families to become members of sporting

to give their own children the same upbringing.

clubs, from cricket to rugby, which of course only

This is the case for Chelmer, a scenic suburb encased by the Brisbane River on three sides and

Community comes first

homes and laurel tree-lined streets.

Originally from country Victoria, Andrew

5

4

2

now the president of the Sherwood Magpies Australian rules football club – a great hub for all,

locals in the area have been living in their homes

regardless of whether they play football.

for more than 40 years. Often these homes are

“Chelmer’s strong sense of community is an

bought by the younger families who grew up in

integral part of this area, particularly during the

the area and are drawn back by fond memories.

devastation of the 2011 floods and the recent

“It’s very much a family-focused suburb; it’s the

Brisbane 102 Victoria Avenue

Thomson has lived in Chelmer for 20 years. He is

Alex Jordan of McGrath Paddington says many

type of place where children still ride their bikes ...

Chelmer

adds to the area’s team spirit.”

known for its grand, quintessential Queenslander

A family treasure

YOU MAY LIKE ...

repeat of that on a lesser scale in 2022,” he says.

“When the clubhouse was threatened by rising

and families go for walks to simply admire the

floodwater, all it took was one quick post on

Auction: 9am, May 14

charming streets,” he says. “The natural beauty,

social media and 100 people were there within 30

Agent: Ray White Sherwood,

varied demographic and desirable lifestyle are

minutes ready to lend a hand.”

Douglas May 0410 488 110

the key factors in Chelmer’s desirability, along with the great local schools and train station.”

Given Chelmer’s abundance of green space and

Offering a life of luxury with leafy surrounds,

the clear separation created by the winding

Wetherell is a beautiful blend of the old and new,

Brisbane River, Thomson says the area is akin to a

from its sash windows and fretwork to its Carrara

Chelmer’s median house price is $1.765 million,

peaceful peninsula, a world away from the city,

marble benchtops and covered al fresco terrace.

rising 47.1 per cent year-on-year. Jordan says the

but, in reality, just a 10-minute drive from the

suburb’s sense of community and growing

Brisbane CBD.

Domain’s latest House Price Report reveals

amenities keep buyers strong and unwavering.

“Spring is particularly delightful,” he says, “with

The Brisbane River

great weather, the excitement of footy finals, and

wraps around Chelmer,

Hover your camera over the

– such as Botellon Tapas & Wine Bar, Boucher

the smell of freshly cut lawns and suburban

giving it the feel of a

code to see Domain listings

French Bistro, Hunter & Scout Cafe – with most

barbecues – it doesn’t get any better.”

peaceful peninsula.

in Chelmer

“There are many restaurants and cafes to enjoy

PR E ST IGE

11

Penthouse Perfection, Over �����m2* of Unrivalled Luxury

Indicative Only

Ultra Penthouse - 3001 & 3002/14 George Avenue, Broadbeach Scan for Listing

䕽⟥ 䪈焺

Auction On-Site, Sunday 22 May at 11am 5

6.5

8

1,093m2*

The pinnacle of penthouse living, the Ultra Penthouse is revered as one of the largest and most lavish sky-homes on the Gold Coast. Spanning levels 30 and 31, architecture becomes art in this 1,093m2*

Contact for a Private Viewing Michael Kollosche 04111 888 15 Jay Helprin 0407 894 775

award-winning masterpiece designed by DBI. Encased in full-height glass, everywhere you gaze offers vistas of the sparkling Pacific Ocean, city skyline, Main River and hinterland. It’s also the perfect place to entertain in absolute style, with a gourmet kitchen and butler’s pantry, formal and informal lounge and dining zones, a vast beachfront balcony, plus a custom cocktail lounge. Retreat to the rooftop terrace and gather with guests as the city lights sparkle around you. Recreation features include a private pool with swim jets, a steam room and exclusive-use gym. Five opulent bedrooms with elegant ensuites beckon, including a sprawling master suite in its own private wing. *approximate

THE PROPERTY INVESTOR

GETTY IMAGES

Looking beyond returns and yields There are a number of critical factors that need to be taken into account by residential property investors, experts say.

B y SU E WILLIAMS

H

Perth houses are offering the best yields of 5.24 per cent, new Domain data shows.

ow important are the latest figures on Australia’s capital-city rent, yields and annual growth – or decline – to residential property investors?

They’re important, but they need to be considered in combination with a number of other critical factors, say the experts.

New Domain data for the year to the end of March shows Perth houses offered the best yields of 5.24 per cent, up a stunning 4.7 per cent over the same period in 2021. Darwin is also showing a good yield of 5.14 per cent, Hobart 4.48 per cent and Adelaide 4.3 per cent.

At the same time, however, rents have hit a new national high in Canberra at a median of $700 a week, having risen a staggering 16.7 per cent on 2021, in Darwin at $610, up 10.9 per cent and Sydney at $600, up 9.1 per cent.

“Those figures are all important,” says Anna Porter, Suburbanite property valuer and investment advisor. “But it’s also always important to look behind the rental returns and yields as they’re only one driver of performance.

It helps with cash income but that might not

necessarily attract capital growth. And without all the other necessary conditions in place, an investment ... in any one of those cities might end up falling behind an equivalent elsewhere.”

One of the most crucial additional indicators to research is the vacancy rate, she says. You

“It’s ... important to do your own research, or engage a financial advisor.” need strong demand from tenants, and later from buyers when it comes time to sell, to ensure a good return over time.

One commercial property that Porter recently examined was offering, in theory, an excellent 8 per cent yield. But, as it had been vacant for six years, that counted for little.

So, as well as a decent rent and yield and past growth, potential investors have to research the prospects for good performance in the future, such as more employment coming to the area, better infrastructure, good amenities and a wider variety of lifestyle services, like schools.

“Some people might be looking for a better yield rather than long-term capital growth; whatever better suits their own investment strategy,” says Marcus Roberts, the ownerdirector of Brighter Finance. “There’s no optimum strategy or one-size-fits-all.

“But it’s always important to do your own research, or engage a financial advisor, to make sure the combination of factors is the best for what you want to achieve from an investment.”

Senior financial advisor Mark Wenzel from The Hopkins Group also says it’s a matter of personal circumstances that dictates which assets work best for different investors.

“For some, it will be an income, while for others it will be capital growth,” he says.

“The tax system, for instance, is set up better for those seeking long-term growth, which is what people typically go for, as long as they can fund their borrowings. But for those after an income, it’s always important to remember that because an area is offering a high yield now, it may not offer a high yield in the future.”

Again, research on a location’s future is crucial – will there be better facilities to attract newcomers or, on the downside, a new housing development that’s likely to swamp demand.

PR E ST IGE

13

Expression of Interest Closing Thursday May 26, 2022 @ 3.00pm.

First Time on Market since 1948 153.2ha. (378.56 acres).

250 Dalrymple Road, SUNBURY VIC 3429 Ray-Monde represents a unique blue-chip opportunity for astute investors, land bankers and life stylers, to secure a large 153.2ha (378.56 acre) land parcel ( GWZ ) in one of the fastest growing municipalities in Australia.

Property includes: -

Main residence 2 bed, 2 bath 12 acre award winning Pinot Noir winery Multiple sheds 20 meg dam plus 3 other dams Fully fenced grazing and cropping land Melbourne CBD 50km Melbourne International Airport 25km Sunbury 8.5km Freeway and rail infrastructure Sunbury’s population predicted to increase from 41,000 ( 2022 ) to 106,000 ( 2041 )

Contact

Dominic Romeo 0438500277 dominicromeo@circaheritageandlifestyle.com.au

2 Roslyn Avenue, 2 Roslyn Avenue,Roseville Roseville

"Wood ExclusiveEast EastSide SideOpulence Opulenceininblue blue ribbon enclave "Wood Hayes" Hayes" – Exclusive ribbon enclave

5 bed | 3 |bath | 3| car 5 bed 3 bath 3 car

Steeped and believed believedto tobe bethe theoriginal originalc1907 c1907 estate the street, ‘Wood Hayes’ combines Steeped in in local local history history and estate in in the street, ‘Wood Hayes’ combines timeless with unrivalled unrivalled luxury luxuryto toprovide providea atruly trulyexceptional exceptional lifestyle experience.

Spanning timeless elegance elegance with lifestyle experience.

Spanning over 1,113sqm 1,113sqm with a 33m f usion o focflassic c haracter c harm w ith over 33m wide wide frontage, frontage,ititdelivers deliversthe theperfect perfect f usion c lassic c haracter c harm w ith sophisticated Hamptons Hamptons inspired level.

The original slate roof is instantly sophisticated inspired living livingacross acrossaamostly mostlysingle single level.

The original slate roof is instantly striking and and gives gives way to features optimized by by its its exquisite high endend striking to an an abundance abundanceof ofrich richarchitectural architectural features optimized exquisite high renovation with no expense spared.

Embraced by beautifully elegant and easy care gardens beyond its its renovation with no expense spared. Embraced by beautifully elegant and easy care gardens beyond gated driveway, driveway, it it culminates pool and child friendly level lawn.

Its tightly gated culminates in inan anItalian Italiantravertine travertineedged edged pool and child friendly level lawn.

Its tightly held, exclusive exclusive east east side finest street in in Roseville, thisthis rare offering held, side address address in inwhat whatisisundoubtedly undoubtedlythe the finest street Roseville, rare offering one of of only only eight eight residences this once in a opportunity. isisone residences in inthe thetight tightknit knitcommunity, community,creating creating this once in lifetime a lifetime opportunity.

Designed for for entertaining entertaining on and multi-generational families withwith Designed on aa grand grandscale, scale,its itssuited suitedtotogrowing growing and multi-generational families a dedicated work from home set up and its prized corner position is just a short level stroll to to a dedicated work from home set up and its prized corner position is just a short level stroll Roseville station, popular Roseville Park and vibrant local cafés.

Roseville station, popular Roseville Park and vibrant local cafés.

Auction Auction Saturday May 3pm Saturday 2828 May atat 3pm Inspection Inspection Saturday 2.30-3pm Saturday 2.30-3pm ch.com.au ch.com.au George Gialouris 0411 706 306 George Gialouris 0411 706 306

Queensland, Mooloolaba , 58 Parkyn Parade WHOLE BUILDING - THE LAST BEACHFRONT RESIDENCE - AN OPPORTUNITY OF A LIFETIME! In the most sort-after Mooloolaba location is the last residential property remaining on the beach side of Parkyn Parade at the Mooloolaba Spit.This truly is a trophy Investment consisting of three separate self-contained un-strated Apartments under one roof.

• • • •

North facing on the edge of Mooloolaba beach with direct beach access The last remaninig beachside residence on the Mooloolaba Spit Swimming pool Prime blue-chip loaction

• • • •

Air conditioned throughout Huge basement parking for 6 cars and loads of storage Set on a magnificent 620m2 North facing allotment Offers endless future potential from refurbishment to redevelopment

OPEN HOME: As Advertised VIEW AT: www.������r����ty.com.au AUCTION: ��������������������������������� AGENT: ��������������������������

9

�

�

�

Australian designed & made sale on now.

Johanna Occasional Chair, Otway Sofa & Coffee Tables by Kett.

Otway Trestle Table & Johanna Armchairs by Kett.

Inside Looking Out Kett celebrates an Australian way of life; drawing inspiration from our natural landscapes and cosmopolitan cities.

Wye Counter Stools designed by Kett.

Exclusive to

Showroom Locations

coshliving.com.au

Sydney Melbourne Brisbane Perth