Domain Prestige - October 05, 2022

5 OCTOBER / 2022

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

RIVERSIDE GLAMOUR A dis tinguished e s tate

SIMPLY DI VINE U LT R A L U X U R Y 3 & 4 B E D R O O M R E S I D E N C E S AND HALF & FULL FLOOR PENTHOUSES NOW SELLING FROM $3M

A name synonymous with style, David Devine has assembled some of Australia’s leading visionaries to bring you the finest absolute beachfront penthouse collection and luxury residences ever seen.

A golden opportunity awaits you at Royale Gold Coast.

7 – 9 Northcliffe Terrace, Surfers Paradise.

ARTIST IMPRESSION

UNDER CONSTRUCTION BY HUTCHINSON BUILDERS. V I S I T T H E S A L E S D I S P L AY. O P E N D A I LY : 1 0 A M T O 4 P M C N R O F M A R K W E L L AV E & S U R F E R S PA R A D I S E B LV D , S U R F E R S PA R A D I S E 1 3 0 0 7 2 2 1 3 1 / R O YA L E G C . C O M . A U

B y K ATE FARRE LLY

Yeronga Brisbane 19 Ormadale Road J OSE PHIN E H U YN H

6

6

6

Auction: 9.30am, October 15 Agent: Ray White New Farm, Christine Rudolph 0400 943 984 What’s outside a home can be just as important, if not more important, as

The European-inspired manor Rivadere claims

the interiors and features within it. I’m not talking about al fresco areas, a

a huge 2725-square-metre riverfront lot with 43

pool or tennis court (although I wouldn’t say no to those luxury extras!) but

metres of river frontage, a boat ramp, pontoon,

the setting, the view and the nearby amenity. And boy, Australia’s prestige

pool and tennis court. Boasting dramatic ceilings,

neighbourhoods do not disappoint. Take our cover property, a manor in

including an off-form concrete dome in the

Yeronga with its 43-metre frontage to Brisbane River and lavish gardens

library and a double-barrelled ceiling in the

over a grand 2725-square-metre block – all this only 10 minutes from the

5000-bottle cellar, the property features marble,

CBD. Then there’s the Point Piper penthouse below right, where the gun-

limestone, jarrah and rosewood finishes.

barrel view of Sydney harbour and the bridge is enough to seal the deal for any high-end home hunter. My tip if you’re inspecting this week is to tour outside first, take a moment to access and appreciate your surroundings.

Breathe in the serenity and perhaps you’ll be pleasantly surprised.

O U R COVE R 19 Ormadale Road, Yeronga Listed by Ray White New Farm 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

4

PR E ST IGE

HOT PROPERTY

KATHERINE LU

DESIGN DIGEST Flower power

YELLOWTRACE From drab to fab

LIVING IN Million-dollar suburb

THE PROPERTY INVESTOR Experts urge to act now

7 8 11 13

Mount Martha Mornington Peninsula 18 Balcombe Creek Close $4.5 million-$4.9 million

4

2

6

Private sale Agent: Bonaccorde Property Services, Amanda Haimona 0419 387 682 You can walk to the beach via estuary walking trails from this newly completed home. The entertainer’s kitchen is at the heart of the home adjoining the main living area. And, it’s wrapped in 3156 square metres of Colin Hyett-designed landscaped gardens — a home for all seasons.

Point Piper

Burradoo

Sydney 6/6 Buckhurst Avenue

Southern Highlands 4 Ranelagh Road

$23 million

$12.5 million

4

4

4

10

6

4

Auction: 5pm, October 18

Private sale

Agent: TRG, Zac Rabin 0417 808 866

Agent: Drew Lindsay Real Estate,

Bobbing boats, an expansive stretch of harbour and the Harbour Bridge

Corina Nesci 0416 523 155

bookended by the city and North Sydney skylines: the waterfront penthouse

Built for the grandson of press baron John Fairfax

in the Alex Popov-designed Shillings building offers iconic views. The whole-

in the 1880s, Knoyle has a grand family home and

floor pad comes with marble floors and access to resort-like amenities.

three income-producing guest houses.

PR E ST IGE

5

One of Brisbane's Most Significant Riverfront Estates

Auction Boardroom Auction 12 October 12:00pm at Adcock Prestige Corporate Headquarters 2 Gardner Close Milton View Phone for Private Inspection Times

28 Zelita Road, Moggill Prestige. Privacy. Perfection. With an elevation that captures breathtaking panoramas of both the river and meticulously manicured grounds, welcome to the unsurpassed level of exclusivity and refinement that is, White Waltham. With a distinct grandeur and presence, this stately residence has been 6

PR E ST IGE

enhanced by such exceptional architectural additions as a glass conservatory, separate pavilion forming the luxurious master retreat and The Summerhouse, a spectacular, large-scale indoor/outdoor function destination. The 11 ½ acre property features two tennis courts, pool and caretaker’s house.

JasonAdcock 0418 727 788 adcockprestige.com

DESIGN DIGEST

In full bloom From dreamy glass to art-like stoneware, these playful vases make a perfect spring statement. C o m p i l e d b y PAU LIN E M O RRIS SE Y BLOSSOMING BEAUTY Designed by Spanish artist-designer Jaime Hayon for Fritz Hansen, the Ikeru Vase draws on the tradition of ikebana – “making flowers live” in Japanese. It is designed to celebrate individual flower stems. cultdesign.com.au

EYE CANDY Adding to its already impressive portfolio, In Good Company welcomes Danish brand Helle Mardahl and its vibrant glass designs like the Candy Bowl Mega, with its Alice in Wonderland-inspired surreal shapes. ingoodcompany.com.au

STRIKING STONEWARE

SWEET AS SUGAR Specialising in the creation of handcrafted and Australian-produced objects

HAY’s Miro Vase by

features a unique internal fold at its centre and is available in various cheerful colours. jardan.com.au

and lighting, Yeend Studio’s flagship range, the Sugarpill Collection, includes the Sugarpill Vase. It

artist Jessica Hans encapsulates her organic and abstract work in a functional everyday object. It uses organic shapes and sporadic colours to form a deliberately irregular design. hayshop.com.au

PR E ST IGE

7

YELLOWTRACE

b y DANA TO MIC H U G H E S

COURTESY OF JONES

TOM FERGUSON

A ‘glowing jewel’ amid the grime and grey

F

or five years, Sydney architect Brad Swartz and industrial designer Henry Wilson collaborated on a luminous laneway home that punches well above its modest footprint.

Hovering at the fringe between the public and private domain, the project cleverly converts the rear lane parking of an existing terrace house into a new home, offering a blueprint for urban infill housing.

The finely tuned design response harnesses light, offers privacy and reflects the pared-back aesthetic of its occupant – the industrial designer himself.

The pair initially met socially through a mutual friend.

“Through serendipitous timing, Wilson set up a shared office in his terrace as we needed some desks,” says Swartz, who heads his eponymous practice, Brad Swartz Architects.

“I was living up the road and jumped at the opportunity to share with him and be able to roll down the hill to work.”

When Wilson decided to kick off the project, Swartz was the natural fit for the collaboration.

“Our ideas were floated and discussed informally, without strict presentations of more resolved ideas for a client to review,” Swartz says.

“This wasn’t your typical ‘client-architect’ relationship,” Wilson adds. “We worked on it as an aside from our studio practices and felt it was a unique job for us both.”

Combining a work studio at ground level and a two-bedroom home above, the building rises to the challenge of maximising the narrow block.

“This seemingly simple brief understates the complexity of trying to achieve all this on a narrow 56-square-metre rear-lane site,” Swartz says.

Undoubtedly the hero of the project is the translucent facade reminiscent of Pierre

8

PR E ST IGE

Chareau and Bernard Bijvoet’s famed 1930s Maison de Verre in Paris.

“The use of glass blocks on the west-facing laneway boundary allows the house to harness light while maintaining complete privacy,” Swartz explains.

“The ever-changing light creates a sense of calm throughout the day – you almost forget where you are.”

In addition, the compact home managed to deliver on volume, thanks to its four-metre-high ceilings and gracious junctions between rounded wall cornices and ceilings that blur the delineation between the two – a detail Wilson refers to as being “James Turrell-like”.

Another nod to the arts is the centrally located Richard Serra-inspired precast concrete spiral staircase that rises like a functional sculpture to connect the three levels.

Not only magnificent in appearance, the staircase’s shape is responsible for reducing dedicated circulation space to a bare minimum – critical for compact footprints such as this.

As a long-term collector, many of Wilson’s home’s furnishings are either vintage, prototypes still in development or pieces from his label.

The office is almost exclusively kitted out with Laker, his new brand created in collaboration with David Caon.

“All the planners were expecting a very drab, brutal type of building … not the kind of lantern we’ve created.”

KATHERINE LU

“Upstairs, there is a lot of Carlo Scarpa lighting, a mix of different objects or trades with artist friends – it’s a real mismatch of things I’ve collected over the years,” Wilson says. “[This house] was always meant to be a bit of a gallery space for me to … display things.

“I’m most proud of the fact this house sits on a pretty unloved laneway in Darlinghurst.

“The council and all the planners were expecting a very drab, brutal type of building to arise – not the kind of lantern we’ve created.

“I really wanted to surprise people if they are wandering around those streets – a glowing jewel in [a] … graffiti-covered back laneway.” yellowtrace.com.au

PR E ST IGE

9

FO

R

L SA

E

429* HECTARES 1,060* ACRES

ROTHERWOOD R O T H E R W O O D -EST 1820-

LAKE BATHURST - NEW SOUTH WALES

• Historic Pastoral Holding - A landmark country estate comprising 429* hectares (1,090* acres) in the renowned Southern Tablelands of New South Wales.

• Location - Situated at Lake Bathurst, only 25*km from Goulburn, 78*km from Canberra and 230*km from Sydney.

• Iconic Homestead - Beautiful 7-bedroom homestead established circa 1820*, recently renovated with contemporary floorplan and intricately designed gardens.

• Land - Highly developed holding, suitable for cattle breeding and sheep production with improved perennial pastures and good fertiliser history.

• Productivity - Home to the award-winning ‘Limoges’ Limousin Stud. Currently carrying 300* cattle.

• Rural Lifestyle Opportunity - Warranting the complete rural package, close to Sydney and Canberra via the Hume Highway.

• Excellent Water - 14 surface dams, 24 troughs and a reticulating electric ground bore.

• Improvements - Includes modern steel cattle yards, machinery shed/workshop, new 4-bay shed and grain storage.

*Approximately

FOR SALE VIA EXPRESSION OF INTEREST CLOSING WEDNESDAY 2 NOVEMBER 2022 AT 4PM

INGLISPROPERTY.COM.AU

10

PR E ST IGE

SAM TRIGGS M: 0410 683 891

LIAM GRIFFITHS M: 0427 474 900

LIVING IN

27.5020° S, 152.9759° E

INDOOROOPILLY TAMMY LAW

This Brisbane suburb has a river, schools and amenities aplenty – and it’s just seven kilometres from the CBD. B y PAU LIN E M O RRIS SE Y Living close enough to a major city for its perks

YOU MAY LIKE ...

Indooroopilly

“At the height of COVID, riverfront and prestige

yet far enough away to enjoy a community feel

properties were in huge demand,” Adcock says.

Brisbane 16 Kew Street

may seem like a tall order, but this is what you

“Today, these homes are still changing hands very

$4 million-$5 million

get in the riverside suburb of Indooroopilly. Just

quickly, especially those in leafy backstreets with

seven kilometres south of the Brisbane CBD, it

mountain views and prestigious riverfront and

is popular with professionals and students.

golf course properties.”

On one hand, it’s a retail wonderland, housing a major shopping centre and several suburban

New kids on the block

shopping strips. And on the other, it’s a residential

Rich in history, Indooroopilly is dotted with

oasis with hilly and leafy streets and a park found

heritage-listed houses and infrastructure, like

on almost every corner.

classic Queenslander-style homes and the

Between city and bush

2

seem outdated, with new businesses continually popping up including Two Brothers Cafe, which

Indooroopilly also appeals to families looking for

Mustapha and Adam Habbouchi opened in 2021.

“Families can easily access some of Brisbane’s

3

famous Walter Taylor Bridge. But it does not

Jason Adcock, principal of Adcock Prestige, says an established suburb with significant amenities.

6

“It’s a beautiful area with a close-knit community, and many of our local customers

most prestigious private schools, plus the

come from various backgrounds and cultures,”

Expressions of interest

University of Queensland campus at St Lucia is

says Mustapha. “After selling our first location,

Agent: McGrath Paddington,

just nearby,” he says. “Locals don’t have to leave

we decided to look for new prospects and found

Alex Jordan 0410 424 749

to enjoy all forms of recreation, be it shopping at

Indooroopilly to be a fantastic area for friends

This stately and restored historic home with

the largest shopping centre found in Brisbane’s

and family to meet up.”

light-filled interiors sits peacefully on a serene

western suburbs ... or teeing off at the renowned

Once the home of the local bowls club, the

Indooroopilly Golf Club, peacefully hugging the

cafe’s venue is part of a new health and fitness

Brisbane River.”

precinct that also houses a youth fitness centre

Part of Brisbane’s million-dollar-plus club, Indooroopilly’s median house price is $1.4 million,

and a yoga studio.

“Our passion for quality food, coffee, and great

1612-square-metre block with glorious gardens, a sunlit pool and a tennis court.

Indooroopilly’s riverfront and prestige

up 19.1 per cent over the year, contributing to a

vibes drives us daily, and I feel this perfectly

properties were in huge

Hover your camera over the

72.1 per cent rise in just five years, as shown in

encapsulates the very essence of Indooroopilly,”

demand at the height of

code to see Domain listings

Domain’s latest House Price Report.

Mustapha says.

COVID – and still are.

in Indooroopilly

PR E ST IGE

11

813 r

TENNYSON 95 King Arthur Terrace RIVER ACCESS, GOLF COURSE VIEWS & CITY LIGHTS AWAIT YOU • Fully approved 813m2 north facing riverfront homesite • Rarely available 11m frontage to river, designed for pontoon • Landscaped gardens, boathouse with power & water • Elevated and flood safe: untouched 1974, 2011 & 2022

belleproperty.com/222P351674 12

PR E ST IGE

AUCTION Saturday, 29th October at 3:30pm

Tony O'Doherty 0466 442 674 tony.odoherty@belleproperty.com

THE PROPERTY INVESTOR

VAIDA SAVICKAITE

It’s time to use – or lose – your equity As interest rates climb and banks change how they service debt, experts advise buying now to leverage your borrowing capacity.

B y SU E WILLIAMS

W

The median prices of Sydney houses and apartments have dropped by 2.7 per cent and 0.6 per cent, respectively, over the past quarter.

ith house and apartment price growth softening throughout Australia – and sliding backwards in Sydney and Melbourne – many are saying this is a good time to invest in property.

And there’s another reason: wanting to leverage equity in the rest of a property portfolio. “For that segment of the market who have substantial equity in their existing property portfolio, now is the time to either use – or lose – their equity,” says Unikorn buyers agent, investor and educator Helen Tarrant.

“This is the most sensitive property market we’ve been in for a long time, with the fastest decline in house prices in Sydney, for instance, in almost 40 years. So, owners are best to use their equity now to refinance and support their debt, before it’s too late and they lose the equity they have accrued over time.

“Banks are changing how they service debt, and interest rates are going up, so this is the perfect time to think about the best way to support your property portfolio and think longterm about your wealth creation strategy.”

Certainly, the Reserve Bank of Australia (RBA) is saying that interest rates have a way to go before they’ll stop being hiked in a bid to curb the 6.1 per cent inflation rate, and recent rises have already slashed the size of mortgages buyers can take on by an estimated 20 per cent.

“You don’t want to wait until we’ve had more interest rate rises.”

Dr Jonathan Kearns, the RBA’s head of domestic markets, says that could make it even harder for investors.

“Because the assessment rate also applies to any existing debt, the decrease in borrowing capacity is even larger for prospective borrowers who have existing debt.”

Interest rates have risen steadily over the past six months while price growth has declined.

The median price for houses and apartments together fell by 0.7 per cent in the combined capitals over the last quarter, according to the latest Domain House Price Report.

The biggest price drop was for houses in Sydney – 2.7 per cent over the quarter – and in Melbourne – 0.9 per cent. Perth had the biggest fall in the median price for apartments of 1.1 per cent, with Sydney close behind at 0.6 per cent.

Propertybuyer chief executive Rich Harvey agrees investors should act now to maximise their equity opportunities.

“If you want to access equity, do it now,” he urges. “You don’t want to wait until we’ve had more interest rate rises.

“Every 1 per cent they go up, borrowing capacity is reduced by 10 per cent.

“If you want to leverage and maximise your borrowing capacity, therefore, do it as soon as possible. There are already indications that price declines are slowing, while auction clearance rates are holding up, rents are on track to rise 20 per cent this year, and we’re about to receive a huge number of migrants who’ll all want somewhere to live. Act now!”

AMP Capital chief economist Dr Shane Oliver does sound a note of caution, however, to bear in mind future price falls. “But there is a case to say ‘buy now’ because you can borrow more and, if you buy wisely, you aren’t going to see the value of your property decline,” he says.

PR E ST IGE

13

BELLINGEN 1090 Promised Land Road ´Aniseed´ comprises of a wonderfully appointed 5 bedroom, 2 bathroom contemporary homestead along with 2 sensational self-contained villas all set amongst mature established gardens on 13.34 Hectares (33 acres) of land. Set in a commanding and private position looking out over the Great Dividing Range, ´Aniseed´ is located 25 minutes from Coffs Harbour and 9 minutes to the gorgeous town of Bellingen.

•Beautifully appointed main home w/ skillion roof design plus 2 self-contained villas both w/ outdoor spas •Walk straight from the entertainer's veranda across manicured lawns to the north facing salt water pool •12kw solar system, mains power, 234,000 L of water storage, access to water from Never Never creek •Located just across the road are crystal clear swimming holes with resident platypus plus many picturesque surf beaches and quaint seaside towns within a short drive

2

5 Auction View

6.00pm, Monday 24th October By appointment David Medina 0419 772 233 James McCowan 0418 800 400 Grant Dale 0499 199 122

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.

14

PR E ST IGE

10

PORT MACQUARIE 43 Dent Crescent Capturing sweeping ocean views over Lighthouse Beach, this incredible home presents an outstanding opportunity to acquire a landmark property in a highly regarded locale. Enjoying an elevated position and creatively designed to capture the magnificent ocean backdrop from every angle, it reveals a vast open plan layout spanning three spacious levels of internal space offering a series of living and entertaining zones and flooded with natural light. Located moments from a patrolled beach, and all that Port Macquarie has to offer, this property presents the perfect opportunity for those seeking a luxury family home with the summer lifestyle all year round

4

5 Auction View

5

6.00pm, Monday 24th October

By Appointment Alex Glen-Holmes 0414 772 771 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.

PR E ST IGE

15

Luxury Riverstone Nedlands Homes

3 bed 2 bath 2 car

21, 23 & 25 Jenkins Ave, Nedlands Western Australia - all with street frontage on their own green title land • European Appliances

• Spacious Floor plan

• Build commencing October

• Private North Facing Courtyard

• Light Filled Homes

• Only 3 remain, 2 already sold

• Provision for Lift

• Stylish Finishes throughout

• Well respected builder Riverstone

Contact Danielle Diffen on 0412 176 047 or danielle@edisonmcgrath.com.au for more information.

303 Stirling Highway Claremont WA 9286 3655 edisonmcgrath.com.au

Danielle Diffen 0412 176 047 danielle@edisonmcgrath.com.au