Domain Prestige - June 15, 2022

15 JUNE / 2022

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

LIGHT & AIRY Simply breathtaking

A RT IST IMPR ESSI O N O N LY

GATEWAY TO T H E

WHITSUNDAYS Q UE E N S LA N D’S UP CO M I N G PREMIER DEST INAT ION IN TH E H E A RT O F TH E W H I TSUNDAYS. A WORL D- C L ASS P RE CI N CT F O R WATE R FRONT RESIDENC ES AND P RI VAT E BERT HS.

STAGE 1 NOW P RE -SE LLING Waterfront lots with 25m berths from $1.75M 10m-30m private berths from $165,000 FOR MORE INFORM AT IO N, CO NTACT Sophia Cross +61 474 276 981 Rob Taylor +61 428 466 124

SHUTEHARBOURM ARINA.CO M

B y K ATE FARRE LLY

Mosman Sydney 3a Avenue Road $13.5 million-$14.3 million J OSE PHIN E H U YN H

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Private sale Agent: Atlas Lower North Shore, Bo Zhang 0406 213 775 Can you tell I’m holding onto autumn for dear life? From the deep

A dream team of Fox Johnston, Alwill Interiors

burgundy hues of our Design Digest pieces to the timber beams in our

and William Dangar has produced this classy six-

Yellowtrace feature and changing leaves of Margaret River as highlighted in

bedroom residence, perched above Mosman Bay.

Living In – this week’s edition celebrates the remnants of, my favourite, the

With lift access from the triple garage to all four

golden season. Alas, we’re two weeks into winter but this time of year has a

levels, the home showcases honey-hued

magic of it’s own. It’s all about textural interiors that make you feel

sandstone, handmade Petersen bricks, calacatta

cocooned in a warm embrace. Homes on the market are thoughtful,

marble and smart-home technology alongside

ambient and open-hearted and you’ll get a feel for that comfort within

the serene bay views.

these pages. It gets darker sooner, yes, but I love seeing Sydney light up on my commute home from work. There’s only a week left of Vivid Sydney, which has sparked life back into the CBD. It’s what all our cities need right now. If you’re in town, stop in to admire it after a day of inspections.

O U R COVE R 3a Avenue Road, Mosman Listed by Atlas Lower North Shore 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 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

CLINTON WEAVER

DESIGN DIGEST Peachy-keen hues

YELLOWTRACE Unexpected success

APARTMENT LIFE Waterfront with a twist

LIVING IN The West’s jewel in the crown

THE PROPERTY INVESTOR Off-the-plan is back

7 8 10 13 15

Robertson Southern Highlands 360 Belmore Falls Road $14 million

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Private sale Agent: Drew Lindsay Real Estate, Corina Nesci 0416 523 155 Boasting beautifully manicured gardens with a freshwater pool, a parterre herb garden and fruit trees, Rivendell is a picturesque 17-hectare estate just five-minutes drive from the village centre. There are two residences, excellent horse facilities, a vast machinery shed and a trout-filled creek.

Toorak

Yaroomba

Melbourne 107 Grange Road

Sunshine Coast 6 Geeribach Lane

$5.95 million-$6.45 million

$6 million

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Expressions of interest: Close 2pm, June 20

Private sale

Agent: Kay & Burton South Yarra, Darren Lewenberg 0412 555 556

Agent: Town, Craig Morrison 0407 142 027

With riverfront walkways at one end of the street and village shops and

Positioned to maximise natural light and ocean

trams at the other, this property is well placed for active families. The three-

views, this custom-designed, beachfront reserve

level home, on one of Melbourne’s best streets, comes with multiple living

property is a hop, skip and jump from the sand

spaces, a cellar and floor-to-ceiling glass walls at the rear.

and surf of Yaroomba beach.

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21,000 Macadamia Tree Commercial Farm

*Indicative Only

Scan for Listing

䕽⟥ 䪈焺

13 Edward Place, Knockrow, NSW Contact Agent Main Residence

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Farm House

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150 acres*

Contact for a Private Viewing Rob Lamb 0405 608 601 Michael Kollosche 04111 888 15

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170 acres*

Sweeping coastal vistas. Sustainable living. Serenity and seclusion. This idyllic 320-acre* Northern Rivers Hinterland estate offers it all. Peaceful and private, it’s where you can indulge in the organic and artisan delights of nearby Newrybar or Bangalow. Grab your board and within 10 minutes surf some of the best East Coast breaks of Lennox Head and Broken Head or in 20 minutes soak up Byron Bay’s famous surfing spots Wategos, The Pass and Tallows. Just 15 minutes from the airport, ‘Ballyshaw Farm’ is a thriving 21,000 macadamia tree commercial farm offering a main residence with a distinctively relaxed feel, as well as a 4 bedroom home - a perfect base to run the farm business.

All the restored timber and artefacts are hand-picked to evoke a sense of ‘Australiana’ that make the home feel like it’s been a part of the land for decades. *approximate Nicholas James Dunn (Stock and Station Licence No. 1481104) (McGrath) in conjunction with Kollosche Pty Ltd ATF Kollosche Trust (Kollosche).

DESIGN DIGEST

Tactile texture In honour of the chilly season, these textured treasures add depth, warmth and interest to our homes. C o m p i l e d b y PAU LIN E M O RRIS SE Y SITTING PRETTY The Afteroom Plus Chair designed by Afteroom Studio for MENU is crafted from powder-coated steel and wood, with upholstered seat and backrest. It’s available in a variety of materials, including luxurious velvet. menuspace.com

WARM EMBRACE Part of its most diverse collection to date, Heatherly Design’s custom Amanti Bed is crafted from boucle. It exhibits a uniquely curved wing-back silhouette designed to “hug” our minds and bodies. heatherlydesign.com.au

DOWN TO EARTH

WORK OF ART Melbourne-based Mont Studio offers a range of tactile fabrics and wallpaper that

Marloe Marloe’s

are created through original artwork and explore the connection between art and interiors, traversing

signature ceramics,

abstraction, organic forms and neutral colours. montstudio.com

including the brand’s range of sculptural vases, are offered in the nature-inspired Umber finish, with a textured and bubbly glaze that represents the deep colours of the earth. marloemarloe.com

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YELLOWTRACE

b y DANA TO MIC H U G H E S

COURTESY OF JONES

CLINTON WEAVER

Injecting joy and light into a quarry site

T

he best things in life are often unexpected, as Telly Theodore and Andrew MacDonald can vouch. The life and business partners behind Sydney architecture studio Allied_Office were travelling through Sri Lanka and had set their hearts on moving overseas.

“That’s when we received the email,” Theodore says. It was from a friend who said they’d chanced upon the ideal property for the pair back in Sydney.

“It was the perfect location and perfectly falling apart. Reluctantly, we decided to abandon plans for more exotic locales and promptly called the agent,” Theodore says.

But, alas, the house was sold.

What happened next was serendipitous.

“The agent had something even better – a 125-year-old house in which not a single soul was interested. Better locale [in Glebe], even worse condition,” Theodore laughs.

“We put in an offer on the spot and took possession of what you might best describe as a very tired and tiny workers’ terrace.”

Less than a year in, the pair set out on a top-to-bottom reno that retained the best bits and jettisoned the worst, resulting in a home, dubbed Blackwattle House, comprising two buildings – the main house and a studio over the garage, connected by a central garden courtyard.

The architect duo entirely gutted the internal structure, retaining only the front bedroom.

“We were in a heritage conservation area, and the face of our little house had to stay the same,” MacDonald says. “We intended to completely transform the space and take advantage of the steeply sloping site – made up of shelf-like ground planes – owing to its original use as a sandstone quarry.”

The site’s up-and-down topography meant that they had their work cut out for them – not that they minded. “We excavated through to the

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“We looked at achieving all this without it looking like a Botoxed space – it needed to feel effortless and elegant but also be able to age gracefully.”

street to allow light and ventilation into the kitchen, as it was pretty much below street level and only had a coal chute with a glass pane,” Theodore says.

They carved out new spaces while keeping the layout unfussy and casual. An additional bedroom and bathroom were added above the new living zone, while the cooking, dining and living spaces below were kept to a straightforward, linear layout. This was further delineated by maintaining a few steps between each zone and culminating with a courtyard.

As Theodore hilariously puts it: “We looked at achieving all this without it looking like a Botoxed space – it needed to feel effortless and elegant but also be able to age gracefully.”

Not a single brick was wasted during the remodel. “We saved all the bricks we had pulled down and had them cleaned and reused to make up the new boundary walls,” Theodore says.

“Materials for us are extremely important,” MacDonald says. “They are the dressing that gives life to form. Much as they need to be

The materials used were paramount in the topto-bottom renovation – ‘the dressing that gives life to form’.

beautiful, they also need to age gracefully and function for other reasons.”

His words ring true everywhere you look, from the black oxide concrete floor of the living area to the dark Peterson-brick courtyard.

“The living room floor is special,” Theodore says. “Not only because it has turned out so well, but because it is suited for all seasons. In the winter, the blackness absorbs the sun and acts as a heat sink, while the overhang of trees outside serves as a sun shield in the summer.”

They’ve done a stellar job of injecting joy and light into every little corner.

“How a space is orchestrated to perform logically and joyfully is something to which we give a lot of consideration,” Theodore says.

“Once you have the narrative in place, the rest follows. Being a small terrace, in this case, this one is a short story with a simple message of hope, love and care for the little things – each other, our family and our friends.” yellowtrace.com.au

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APARTMENT LIFE

B y K ATE FARRE LLY

SHUTE HARBOUR MARINA RESORT Shute Harbour Road, Shute Harbour

For when your ship comes in

Developer: Consortium Number of dwellings: 58 waterfront allotments; 8 plaza terraces; 100 managed apartments Number of marina berths: 395 Stage one release: Up to

There’s no more precious real estate in Queensland’s Whitsundays than a place to park your boat.

24 waterfront allotments, each with a marina berth Stage one land size: 440 square metres Stage one berth size: 25-30 metres Prices for waterfront allotments with marina berth: From $1.75 million Prices for marina berths: $165,000-$1 million Completion: 2025 (stage one) Agent: Taylors Property Specialists, 0428 466 124 Open for inspection: By private appointment

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est-selling author and avid boatie Michael Port once said you can’t buy happiness, but you can buy a boat. He considers boating his happy place and it seems he’s not alone.

According to results from a Boating Industry Association survey, there were more than 920,000 registered boats across the country in the year to June 2021, and one in 10 Aussies had a boat licence – that’s more than 2.5 million.

Perhaps it will be no surprise to hear Queenslanders have the lion’s share with almost one million licences. After all, the sunshine

state has more than 6000 kilometres of coastline to explore.

However, in recent years, boat owners exploring the Whitsundays have faced a challenge: a shortage of marina berths.

Airlie Beach, the gateway to the Whitsundays, has two marinas, Coral Sea and Port of Airlie, and vacancies are rare. So, the recent announcement that a third marina has been given the green light after a prolonged approval process is welcome news.

Shute Harbour Marina Resort will transform Shute Harbour – a port facility a 10-kilometre

drive south-east from Airlie Beach via Conway National Park – with the addition of a worldclass, 395-berth marina.

The berths, to be sold on a 99-year lease, will range from 10 to 45 metres with prices ranging between $165,000 and $1 million.

“This will potentially be the last marina in the Whitsundays region,” says project sales agent Rob Taylor from Taylors Property Specialists.

“To get those approvals took 20 years – it’s not as if they just hand them out.

“The area is growing, boats are becoming more popular, they’re getting bigger and the lifestyle market is evolving fairly rapidly, so there’s absolutely a need for a third marina.”

With a variety of berth sizes, the marina can handle single and double-hulled yachts and cruisers. If you want your boat in your own backyard, there’s the opportunity to buy one of 58 waterfront allotments.

The developers have just launched stage one, comprising up to 24 freehold waterfront allotments, each with its own marina berth. Ten lots sold in the first month on the market and there are holding deposits on a further five.

S PECI A L F E AT UR E

“We’ve had in excess of 450 inquiries,” Taylor says. “We understand that some people are just curious, but the quality and number of inquiries have certainly exceeded our expectations. We’re definitely on track with our sales plan.”

Buyers can design their own two or threestorey terrace home, with building expected to kick off in 2025 following the construction of the marina.

“There are building covenants in place but they’re designed to allow flexibility of design,” Taylor says. “The last thing the developers want to see is similar-looking properties along the waterfront. They do want to see some character so you’re welcome to bring your own builder and architect. In three years’ time, you should be able to sit on the back of your boat and enjoy a wine or a champagne or just look out at the beautiful Conway Ranges.”

Shute Harbour Marina Resort will also be home to eight plaza terraces and 100 managed apartments, to be released at a later stage.

“You can choose from a two-bedder to an impressive four-bedroom apartment with its own home theatre, so it’s quite special,” Taylor

says. “They can be owner-occupied, you can lock up and leave, or you can put your apartment into a holiday letting agreement.”

The final stages of the development will see the addition of a hotel with over 100 rooms plus function and meeting rooms, a pool, bars and restaurants, and Pier 61, a retail hub that will include a restaurant, bar, cafe, supermarket and bottle shop, fashion retailers and boat brokers.

The 395 berths at Shute Harbour Marina will be sold on a 99-year lease.

Ranging from 10 to 45 metres, prices begin at $165,000 and rise to $1 million.

“We’ve already got expressions of interest on 70 per cent of the retail vacancies so it’s been very well received,” Taylor says.

The precinct will be linked by public boardwalks with lookout spaces and seating, and the developer has plans to establish new public parks and a community cyclone shelter on site.

The exclusivity of the offering has attracted interest from Sydney, Melbourne and Brisbane and from locals, Taylor among them.

“I made a decision this week to buy one of the waterfront allotments,” he told Prestige.

“What they’re offering is a very unique product, and more affordable compared to what’s offered down south.

“From what I’ve seen of where the world is headed, marina resorts are in demand and I’m a big believer in backing what you sell.”

Open your camera and hover your phone over the app code to view listing

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F L A W L E S S

S U B L I M E

L U X U R Y

EXPRESSIONS OF INTEREST

10 MARYLAND AVENUE, CARRARA 6

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4237m²*

A magnificent North facing Main River estate set on over 4,200sqm of pristine gardens. This as-new Jared Poole designed masterpiece is a showcase of sumptuous detail, exquisite craftsmanship and romantic contemporary elegance.

A showcase of timeless elegance and bespoke finishes utilising the very best materials available, the attention to detail is ever present. Undoubtedly one of the finest estates in Queensland, this is a rare opportunity to acquire one of the most important Gold Coast residential homes ever created.

Contact the Listing Agents Adam Cain 0420 312 227 adam@amirprestige.com.au Faith Liu 0418 888 285 faith@amirprestige.com.au

amirprestige.com.au

LIVING IN

33.9535° S, 115.0630° E

MARGARET RIVER TOURISM WESTERN AUSTRALIA

Synonymous with fine wining and dining, Margaret River also delivers a wonderful experience of nature. B y PAU LIN E M O RRIS SE Y Just over a three-hour drive south of Perth,

Margaret River region’s median house price by 25

Margaret River has become something of a

per cent over the year to $625,000.

gourmet jewel in the crown of the West

easily, so the desire to both visit and live here will

wineries and microbreweries, leaving it unrivalled

no doubt greatly increase,” Andrews says.

Add the natural beauty that was always there,

A foodies’ haven, Margaret River restaurateurs,

each other and vast national parks that are

winemakers and farmers are serving a seemingly

simply breathtaking, and it’s no wonder

endless stream of homegrown delights.

permanent residents.

Endless possibilities Understandably, you may never want to leave

Margaret River 173 Illawarra Avenue $5.5 million +

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Local flavours

like the radiant beaches within arm’s reach of

holidaymakers increasingly prefer to become

Margaret River

“More people can now get here quickly and

Australian coastline, boasting restaurants, in the west and, perhaps, even the country.

YOU MAY LIKE ...

Fliss Brophy, the owner of online leather goods boutique Bahru Leather, believes this is an organic response to the exceptional cuisine that the region has been producing for many years.

“Margaret River is home to some wonderful

once you arrive at Margaret River, set in the heart

large-scale annual events, such as the Western

of the famed region, from which vineyards

Australia Gourmet Escape, and weekly events on

stretch out in every direction.

a smaller scale, like the fabulous Margaret River

Expressions of interest

Farmers’ Market,” Brophy says. “There’s been a

Agent: Space Real Estate,

Twine of Stocker Preston say it’s for this reason

noticeable surge in wonderful places to eat and

Paul Manners 0448 900 838

and many more that the local property market

stay, and I think this will only continue, focusing

Immersed in the region’s lush forests, Ingemar is

has seen a boom over the last 18 months.

on showcasing the local produce.”

an award-winning architectural marvel, designed

Property consultants Clare Andrews and Sarah

“Each month, new levels are being achieved,”

Margaret River holds a special place in Brophy’s

with five discrete luxury pavilions that combine

Andrews says, adding that most buyers are

heart – her family has ties to the region over four

interested in lifestyle properties, holiday rentals

generations. “Our ideal day starts with a trip to

glass, concrete and spotted gum.

and older-style homes on large blocks that allow

the Margaret River Bakery for ridiculously

The Margaret River not

room for redevelopment.

delicious treats and coffee, followed by a

only lends its name to

bushwalk somewhere in the Boranup Forest and

the town, it meanders

Hover your camera over the

Busselton Margaret River Airport’s newly

a swim at Gnarabup, Redgate [beaches] or Canal

through stunning West

code to see Domain listings

launched east coast route have propelled the

Rocks,” she says.

Australian scenery.

in Margaret River

This array of real estate possibilities and the

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THE PROPERTY INVESTOR

ISTOCK

Off-the-plan investments are back Building failures made investors wary of buying off the plan, but with improved due diligence, many are returning to the sector.

B y SU E WILLIAMS

I

The prospect of owning a new investment property can be enticing, but there are important questions to be considered.

nvestors are becoming much more sophisticated when scrutinising apartments for sale off the plan, carrying out extensive due-diligence checks on developers, builders and their sustainability credentials, says Tim Spencer, head of developments at developer Mulpha.

He is now seeing NSW investors storm back into the off-the-plan market following years of hesitancy after a series of building disasters.

“They’re now looking more closely at the developer behind projects, and our biggest selling point is proving to be our longevity and continuity in development,” says Spencer, who is currently marketing the first apartments in the company’s $1 billion master-planned Norwest Quarter in Sydney’s The Hills district.

“We’ve also fielded a lot of questions about which tier-one builder we were going to appoint, while our investors are now very concerned about sustainability.

“They look at cost, negative gearing and yield as a starting point, but they’re getting a lot smarter and want to make sure what they are

buying isn’t going to be old hat or B-grade by the time it’s built.”

Norwest is a zero-carbon, all-electric, energy and water-efficient complex, with solar and EV charging. Except for penthouses, about 45 per cent of the buildings are being sold to investors.

“People can be too gung-ho when buying off the plan.”

In other parts of the country, it’s a similar story of a fresh surge of investor interest in offthe-plan apartments. With the overseas investor market still soft, and a record gap between house and unit prices, enthusiasm is rising.

In Melbourne, Andrew Leoncelli, CBRE managing director residential projects Victoria,

says the company is “very excited to see investors swing back into action in the second half of this year and we expect next year to be very strong, too”.

“Conditions will be very good for them, with that price gap, rental growth and falling vacancies,” he says. “We have independent building surveyors, so we haven’t had problems like NSW. “In Australia 108 [Melbourne’s tallest building] around 50 per cent of the building would be investors.”

Confidence is being boosted in NSW by the series of rigorous checks performed by their Building Commissioner on projects underway, and by financial incentives.

But off-the-plan buyers still need to be careful since it’s easier to see any potential problems with existing units, with a history of records, than to predict those of a building yet to be finished.

“People can be too gung-ho when buying off the plan, as everything is going to be so shiny and new,” says buyers agent Michelle May, principal of her eponymous company and host of the podcast Buy Your Side.

“It’s important to ask questions, and sometimes there might not be all the answers.

“You want to know, for instance, how many other investors are buying that you’ll be in competition with to rent out and later to sell, and whether the area is earmarked for a lot of high density in the future.”

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