Domain Prestige - June 01, 2022

1 JUNE / 2022

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

FAIREST OF THEM ALL Height of living in the valley

B y K ATE FARRE LLY

Toorak Melbourne 32 Sargood Street $10 million-$11 million J OSE PHIN E H U YN H

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Expressions of interest: Close noon, June 9 Agent: RT Edgar Toorak, Max Ruttner 0425 799 942 Have you ever manifested something into your life? I first came across

This handsome art deco home has had a top-to-

Bed Threads’ scalloped range at a media lunch hosted at beautiful Mimi’s

toe renovation and basement addition by

restaurant in Coogee – a must-go for coastal fine dining if you’re ever in

Megowan Architectural. A skylit spiral staircase is

Sydney. The playful design motif has become synonymous with the brand

a focal point, and a new lift connects the home’s

but I was pleasantly surprised to see it extend to table placemats and fell

three levels. There’s an elegant marble kitchen –

instantly in love. In this edition, its pillowcases anchor our Design Digest and

with a butler’s pantry – a home cinema and a

I’m taking it as a sign that I have to buy. Perhaps the logical next step is to

pool set in Andrew Stark gardens.

manifest one of these spectacular homes into reality. OK, that escalated quickly, but all buyers do this to a degree, subconsciously, on their property journey. Hands down, it’s the soaring cover home for me. Imagine waking up and stepping out to that view each morning. Robe on, clenching a mulled wine (from your own vineyard, obviously) and breathing it all in. One day ...

O U R COVE R 10 Woorarra Court, Chirnside Park Listed by The Agency Port Phillip/Bayside PAG E 2

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 Amanda Vaughan 0413 370 004 New South Wales Caitlin Hao 0430 938 214 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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HOT PROPERTY

DESIGN DIGEST Warm winter comforts

ARCHITECTURE A glorious renovation

LIVING IN Between the CBD and the sea

PROPERTY INVESTOR Get ready for tax time

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Mount Stuart Hobart 1 Mortimer Avenue $5.5 million +

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Expressions of interest Agent: Harcourts Hobart, Mark Weaver 0418 224 840 Built in 1903 for the then-premier of Tasmania, Sir Neil Elliott Lewis, Werndee is a Federation mansion with soaring ceilings, kauri timber floors, stained-glass windows, decorative fireplaces and beautiful original joinery.

There are eight bedrooms in the main residence, a selection of living spaces across two floors and a turret with views across the city and river.

Chirnside Park

Potts Point

Yarra Ranges 10 Woorarra Court

Sydney 52 Victoria Street

$6.7 million-$7.3 million

$10 million

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Expressions of interest: Close 5pm, June 7

Auction: 5pm, June 7

Agent: The Agency Port Phillip/Bayside,

Agent: Raine & Horne Potts Point/Elizabeth Bay

Peter Kakos 0418 123 993

Jane Schumann 0407 601 857

On a 16-hectare parcel of land with a long tree-lined driveway, this landmark

This four-storey terrace is one of four built in 1910

estate is surrounded rolling gardens and comes with its own pinot noir

for naval officers based at Garden Island. It has

vineyard. The home has been thoughtfully crafted and boasts an innovative

living spaces with 3.7-metre-high ceilings, french

design that allows the sweeping views to be enjoyed from every room.

doors, wide verandahs and a flexible floor plan.

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SYDNEY’S FINEST INNER CITY MANSIONS. 1 6 M O U N T S T R E E T, P Y R M O N T B AY

E X P E R I E N C E T H E S C A L E , S O P H I S T I C AT I O N A N D G R A N D E U R .

I N S P E C T B Y P R I V AT E A P P O I N T M E N T

· New and ready to occupy · 1,198 sqm on title · Minutes to the Sydney CBD

· Large 89sqm courtyard · Basement spaces over 374sqm to customise to your needs

1300 152 297 GRANDEPYRMONT.COM. AU

· Multiple living spaces including full-floor entertaining level · Exciting lifestyle precinct

DESIGN DIGEST

Seasonal treasures Reflecting a change in season, these refreshing designs embrace comforting and inviting shades. C o m p i l e d b y PAU LIN E M O RRIS SE Y MODERN STORAGE Part of Coco Republic’s recently launched Paloma collection of intriguing new storage pieces, the Paloma Tall Cabinet is made from natural rattan framed by solid oak with burnished brass accents and a solid-timber curvilinear top. cocorepublic.com.au

SCALLOPED STYLE Made from pure flax linen, Bed Thread’s new range of scalloped European pillowcases add decorative flair to the bedroom. Available in a variety of on-trend colours, they are made all the more delightful by their playful curved edges. bedthreads.com.au

GEOMETRIC PROFILE

SET THE TABLE Bonnie and Neil’s latest Dandelion collection brings the

Inspired by brutalism,

miniature checks exude sweet nostalgia, is hand screen-printed on soft

the Post Coffee Table

“doux” 100 per cent linen. bonnieandneil.com.au

Tiny Checkers tablecloth in chocolate to the table. The tablecloth, whose

by Ferm Living has three robust cylindrical legs supporting a solid circular tabletop. It’s skilfully crafted from certified wood and finished in a striking high-gloss lacquer in a range of soft colours. fermliving.com

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ARCHITECTURE

Church hall revamp inspires a vision Honouring it’s bones as a religious building played into the sustainable philosophy behind this reincarnation. B y PAU L B E S T

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his recently finished multi-space marvel in the inner-Brisbane suburb of Coorparoo is nothing short of heavenly ... figuratively speaking: a weatherboard heart with soaring, cathedral-like ceilings, bookended by two discrete villa-styled sanctuaries front and back. In the distance, awe-inspiring city and mountain vistas.

But speaking literally, too. The main building is a rescued century-old Salvation Army hall, originally from the rural outpost of Nanango, 150 kilometres north-west of Brisbane.

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Owner Bob Chambers has a passion not only for renovating but also for history. And, with that, not letting old buildings go to waste.

“Bob always wanted to renovate a church,” says PTMA Architecture principal Peter McArdle, who designed the property.

Saving a 1912 church hall, though, was far from the only flirtation with the need to sustain something. McArdle says sustainability was central to all aspects of this labour of love.

Like many green-minded projects, there is an obvious emphasis on being eco-friendly. Natural

materials have been used throughout, like spotted gum and locally sourced basalt stone.

The roof is loaded with solar panels. There are two underground water tanks buried at the rear, a Tesla battery and recharger and a bioethanol fireplace installed in the main living area. You could just about live off-grid.

The main building has also been angled to trap more northern light and provide greater privacy. “It’s better climatically,” McArdle says.

But social sustainability was also a level-one priority – the use of smart design to support flexible and adaptable living arrangements.

PTMA tackled this by creating self-contained villas in front of and behind the main building.

Each has a bedroom with an en suite and a separate living area, or second bedroom. The rear has its own viewing deck.

The central building incorporates a brilliantly conceived floating, loft-style main bedroom with a generous en suite and walk-in wardrobe.

The architects also “exploded the plan” by extending the original church hall footprint at

YOUR AGENT Jamal Naouri, Place Estate Agents Coorparoo

“It’s a unique property, perfect for someone who appreciates history as much as modern living and technology. You’ll never find another like it.”

each end, wrapping steel columns in a contrasting modern white polycarbonate, and pushing out with another viewing platform.

“The design allows us to tease out how we might live here,” McArdle says.

For instance, you could have separate occupants in each of the three zones. Or you could live just in the front villa or centre building, or isolate the back as an office, or rent it out, or have grown-up children live there, or older parents.

“It could suit an extended family, a couple with adult kids or someone who works from home.

It’s totally flexible,” he says. “The rear pavilion can also be built out underneath, if necessary.

“At the end of the day, the most sustainable thing we can do is not to build.”

At the same time, he says it was important not to lose sight of the “bones” of the church, without thinking you were in a church.

There’s still something of a reverential air as you walk through the original structure with its 6.5-metre ceiling.

Moreover, original boards from the church have been reused to line the under-loft ceiling and a cellar wall, while divine new stained glass, including a representation of the original church, has also been included.

Water, a strong religious element, also features prominently. There are two internal waterfalls – one that spouts into a catacomb-like lowerground pool, a nod to the baptismal font.

There’s also an aquarium filled with African cichlids, and a man-made creek running reticulated water into a series of ponds, able to pump any overflow of rainwater to the street.

Guess all that’s left now is to see whether you can walk on it.

Coorparoo Brisbane 79 Buena Vista Avenue 5

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Private sale Agent: Place Estate Agents Coorparoo, Jamal Naouri 0410 341 974

Hover your camera over the code to see Domain listings in Coorparoo

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ARTIST IMPRESSION

SUNSHINE COAST

Exclusive Penthouse Collection Positioned on the last remaining beachfront location on Bokarina Beach, Oasis is one of the Sunshine Coast’s most sought-after developments.

Featuring 56 architecturally crafted residences offering a seamless blend of luxury and lifestyle, light and form, both elegant and timeless. Oasis lavish penthouses offer prestige with luxe interiors and breathtaking panoramic

views, sweeping from Point Cartwright in the north through to Caloundra in the south.

Bespoke luxury permeates throughout with hand-selected inclusions of the finest quality, private roof terraces with dip pool, internal fireplace, built-in bar, outdoor kitchen garden and generous storage – designed for occasions to create memories that last a lifetime.

www.cubedevelopments.com.au

TOTO46083

Sheldon Busch - 0418 743 848 | Richie Leech - 0403 142 969 | Daniel Mulder - 0437 171 007

LIVING IN

31.9404° S, 115.7922° E

FLOREAT GARRY MIDDLE

In a lovely beachside locale and 15 minutes from the Perth CBD, Floreat is a popular place to raise a family. B y PAU LIN E M O RRIS SE Y

YOU MAY LIKE ...

Floreat

Ideally located between the Perth CBD and the

Wembley Golf Course neighbours the Bold Park

sea, picturesque Floreat has an innate beauty

Aquatic Centre on Floreat’s north-eastern

Perth 401/1 Finishline View

that’s tailor-made for nature-loving families.

border, while the Bendat Basketball Centre and

$3.8 million +

Add to this state-of-the-art amenities and a strong sense of community, and it quickly becomes clear why this vibrant and diverse suburb is one of the best in the west.

Family comfort

WA Athletics Stadium sit side-by-side in the

organisations like the Floreat Surf Life Saving Club, operating on the white sands and turquoise waters of Floreat beach, where on any sunny day,

Group. It’s a place where families not only enjoy

the beach and club become a hub for locals.

“There are still many original residents in Floreat

“Floreat is truly a hidden gem, especially in the vicinity of the surf club, where the beach is easy to access and is rarely overcrowded, together

who are in their 70s to 80s, but buyers are

with a wonderful playground and barbecue area

predominantly young professional families with

for families,” says club president Cathy McIntyre.

toddlers to primary school-aged children,”

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The beating heart of the community manifests in

friendly vibe, says Emily Hiskins of Duet Property

the sense of safety that the suburb offers.

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A club for all

Floreat has a relaxed, unpretentious, family-

the parklands and recreational spaces but also

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south-eastern corner.”

“We are proud to welcome everyone from the

With sweeping views over Perry Lakes, this luxury

Hiskins says. “They come here to raise their kids

community. Members can volunteer their time to

penthouse elevates apartment living to utmost

in a safe, community-led environment and

participate in patrolling the beach and learning

sophistication with over 350 square metres of

particularly love the large block sizes, access to

to paddleboard.

floor space and a big outdoor entertaining area.

Perth’s best beaches and proximity to the city.

With a median house price of $1.625 million, according to the latest Domain House Price Report, Floreat earns a spot as Perth’s eighthmost expensive suburb for houses.

Hiskins says block values have increased dramatically over the past 18 months.

“There’s also no shortage of outdoor activities for the sports lovers,” she adds. “The nearby

Expressions of interest

“There’s also a wonderful social aspect to our club ideal for all ages, with ocean views always

Agent: ACTON Dalkeith,

on offer.”

David & Martine Eyers 0419 889 130

Having grown up in the neighbouring suburb of Wembley Downs, where she currently lives with her husband and children, McIntyre has fully

Floreat beach is home

embraced the joyful way of life that the area

to the popular surf

Hover your camera over the

affords, one where she can be found at the

lifesaving club where

code to see Domain listings

beach almost every day of the year.

locals like to gather.

in Floreat

PR E ST IGE

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THE PROPERTY INVESTOR

VAIDA SAVICKAITE

Essential tasks for tax time This is when you should review loans, work out depreciations and get all your expense and deduction ducks in a row.

B y SU E WILLIAMS

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The amount of interest you’re paying on an investment property matters even if it’s negatively geared.

t’s coming up to that time of year again, when property investors start hurriedly gathering their papers so accountants can complete their tax returns. But many overlook that one thing that could provide them with the biggest reward – renegotiating their loan or switching to a better one.

“Investment properties are generally deductible and negatively geared, so a lot of people think the rate of interest they’re paying doesn’t really matter, and they set and forget,” says Angus Gilfillan, the chief executive and cofounder of mortgage brokers Finspo. “But that rate can make a big difference.

“Over the past five years, banks have repriced existing investment loans materially, while staying competitive on rates for new customers, so there’s now the opportunity to make much bigger savings. Investors should really use this tax time to review their lending and the rate they’re paying and take advantage of being in such a competitive market.”

The difference between a new and an existing investment loan is now 0.5 per cent for variable

rates which, on a $500,000 investment loan, represents $2500 a year, Gilfillan says.

This gap is more pronounced than for owneroccupier variable rates, at 0.43 per cent.

“Refinancing, as a result, could help borrowers save thousands and pay off the investment loan

“There’s now the opportunity to make much bigger savings.” a whole lot faster, or help in other ways to create more wealth,” he says.

H&R Block tax consultant Mark Chapman believes now is also the perfect time to gather all receipts and invoices relating to investment properties and calculate proportions of expenses to hand over to the tax agent or accountant.

If you lost a tenant during COVID, you should also have proof that your property was available for rent at that time. “You’ll still have incurred fixed expenses through that period and you’ll want to claim a deduction for them,” he says.

“Other deductions are for mortgage interest, prepaid expenses – like insurance – that might straddle the tax year but which you can still claim for this year, and a proportion of your phone bill or internet costs if you use them as part of managing your property. Also, make sure any repairs and maintenance have been done by June 30 ... to lock in a tax deduction.”

A quantity surveyor can help work out any depreciation claims you are entitled to. It’s a complex affair, and many investors miss out on potential savings by not doing so.

“All improvements after settlement will be included as depreciable items on the tax depreciation schedule,” says Liam Hannah, director of quantity surveying firm Property Returns. “And if in strata, any special levies invoices should be added to the claim, too.”

He says accelerated depreciation rules further mean that any item bought for less than $300 can be immediately deducted at 100 per cent, while items between $300 and $1000 can go into a low-value pool and claimed at 18.75 per cent of the item’s cost in the current year.

So, tax time should be looked at as an opportunity to improve your financial standing and achieve your goals more quickly, rather than simply as, perhaps ... too taxing.

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AUCTION 312 SHOAL POINT ROAD, SHOAL POINT An address dedicated to excellence and defined by spaces capturing panoramic postcard views of the Cumberland, Whitsunday Islands and Cape Hillsborough: Welcome to 312 Shoal Point Road.

Set atop 5 acres of lush plantation-style rainforest, this superb residence offers complete privacy; the perfect balance of indoor allure and outdoor appeal set against a backdrop of uninterrupted ocean views. An expansive floorplan spanning three levels, the light, airy and instantly welcoming spaces include multiple living and dining areas, a

EACH OFFICE INDIVIDUALLY OWNED AND OPERATED

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stone appointed kitchen and 6 bedrooms including a luxurious main suite with breathtaking 360-degree views. A self-contained granny flat provides the perfect scenario for guests or extended families.

AUCTION Thursday 9th June 12:00pm Onsite

Outside, fabulous entertaining spaces include wrap-around verandahs, three covered pergolas, in-ground pool, tennis court and established gardens with an array of secret spaces to explore. Highly sought after for its proximity to everything that Mackay has to offer and zoned medium density residential, there is potential for further development if so desired (STCA).

INSPECT

By Private Apppointment MICHAEL ALTHAUS 0405 102 312 m.althaus@remax.com.au

133B VICTORIA ST MACKAY QLD 4740

OFFICE (07) 4829 4612

WILLIAMSDALE 7245 Monaro Highway Capturing breathtaking vistas across the Murrumbidgee River Valley, this 142ha lifestyle estate (350-acre) is an idyllic escape just 30-minutes from Canberra's CBD and domestic and international airport.

Delivering off-the-grid luxury, this picturesque six bedroom retreat exudes serenity and privacy. Take in majestic views of the Brindabellas from the award-winning homestead, showcasing a fusion of contemporary living and modern comfort. An additional three-bedroom guesthouse overlooking the heated pool and a myriad of beautiful spaces that await outside, is an ideal space for entertaining or simply recharging against a spectacular backdrop.

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9 Auction View

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6.00pm, Monday 6th June

By Appointment David Medina 0419 772 233 James McCowan 0418 800 400

All information contained herein is gathered from sources we deem to be reliable. However we cannot guarantee its accuracy and interested parties should rely on their own enquiries.

4 Linkmead Avenue, Clontarf Unsurpassed Designer Luxury On The Shores Of Middle Harbour A world class retreat with every conceivable luxury, this architect designed trophy residence adjoins waterfront reserve in an exclusive cul-de-sac.

Showcasing uninterrupted 180 degree Middle Harbour panoramas that take in intimate views over Sandy Bay and Clontarf Beach, then sweep across the water to Chinamans Beach and The Spit's marinas, it soars over multiple glass embraced levels with sweeping living spaces extending to harbourside terraces with a covered wet bar/BBQ and heated wet-edge pool. Set on 796sqm, its terraced rear lawns adjoin harbourfront reserve from where you can stroll to Sandy Bay and Clontarf Beach within a couple of minutes.

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Auction Saturday 11th June at 4.00pm

View Saturday 1.00pm - 1.30pm Wednesday 1.00pm - 1.30pm

Jake Rowe 0414 612 546 Nathan Tse 0411 386 455 theagency.com.au

Absolute Waterfront Beyond Expectations It is irrefutable. The Holy Grail of Noosa Parade is an exclusive 700-metre row of just 36 exclusive homes, a coveted absolute riverfront address, almost on the doorstep of glamorous Hastings Street.

Boasting incredible gun-barrel views which are never compromised, a northerly aspect across a wide reach of the Noosa River, the incomparable uber luxury residence is an ambitious work of formidable quality, genius design, yet perfectly distils serious sophistication and simplicity.

Auction Saturday 18 June 11am 7

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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 68 Noosa Parade, Noosa Heads

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