Domain Prestige - November 15, 2023

15 NOVEMBER / 2023

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

FRAMED TO PERFECTION Over 60 hec tare s of utter bliss

OWN THE ICON It’s often said that buildings are defined by their location.

However, occasionally a location can be defined by a building.

Brand new completed private residences, benefiting from world-class lifestyle by The Langham, Gold Coast and available to move in immediately at Australia’s definitive beachfront address.

LIMITE D RE LE A S E N OW S E LLI N G

JEWELPRIVATERESIDENCES.COM. AU 1300 5 52 4 56 SALES GALLERY & DISPLAY APARTMENTS OPEN 7 DAYS Located street level, Corner Wharf & Old Burleigh Roads, Surfers Paradise, Gold Coast 4217.

B RO U G H T TO YO U BY

R E G I S TE R N OW

B y K ATE FARRE LLY

Point Piper Sydney 99 Wolseley Road $27.5 million J OSE PHIN E H U YN H

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Expressions of interest Agent: Sydney Sotheby’s International Realty, Clint Ballard 0411 426 600 It looks too good to be true. “Is it a development?” our graphic designer

A combination of innovative architecture and

asks. “I thought it was a render at first look,” says our picture editor. We are

sustainable design, this Mark Pearse-designed

talking about the Toorak listing in this week’s Dream Home story that will

home claims gorgeous northerly views across the

have you doing a double-take. It’s a piece of housing history, designed in

harbour to Shark Island and beyond. Featuring a

1965 by celebrated architect Guilford Bell with gardens by Edna Walling. The

statement stairwell as well as lift access, it

spectacular reimagining of this property by the masterminds of today has

comes with custom joinery, designer light fittings,

created one of Melbourne’s most admired riverfront properties that’s

two home offices and a heated lap pool.

palatial in scale and luxurious down to a T. It happens often in the world of prestige Australian property – you can’t quite believe what’s in front of your eyes and the cover property on the Gold Coast is also no exception. The view of Springbrook National Park’s rolling hills, part of the Gondwana Rainforests of Australia World Heritage area is truly unbelievable.

O U R COVE R 17 Lyrebird Ridge Road, Springbrook Listed by All Properties Group PAG E 5

Editor: Josephine Huynh Editorial producer: Hailey Coules Group picture editor: Kylie Thomson Senior designer: Colleen Chin Quan Graphic designer: Emma Drake National magazine editor: Natalie Mortimer Group content director: Mark Roppolo Chief marketing officer: Rebecca Darley Chief executive officer: Jason Pellegrino Residential sales: Queensland Amanda Vaughan 0413 370 004 New South Wales Joe Pinneri 0408 694 223 Victoria, Western Australia, South Australia, Northern Territory & Tasmania Ray van Veenendaal 0438 279 870 New development sales: Ivan Curic 0413 498 156 Media sales: Sam Hill 0438 348 998 Contact: editorial@domain.com.au

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HOT PROPERTY

DESIGN DIGEST Christmas gifts sorted

DREAM HOME Level up in Toorak

LIVING IN More than just beaches

THE PROPERTY INVESTOR Sights on the US

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Mona Vale Sydney 14 Bassett Street $9 million-$9.9 million

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Expressions of interest: Close 3pm, December 6 Agent: LJ Hooker Palm Beach, Peter Robinson 0401 219 077 Only steps from the sand and surf, this four-year-old home with lift access is packed with character, from the Moroccan-tiled floors to the 1000-bottle wine cellar. Enjoy a stroll along the beach, soak up the ocean views from the balcony and plunge pool, and host friends in the Italian-stone guesthouse.

Springbrook

Sorrento

Gold Coast Hinterland 17 Lyrebird Ridge Road

Perth 55 High Street

$20 million

$2 million

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Private sale

Private sale

Agent: All Properties Group, Chris Gilmour 0438 632 459

Agent: Ray White Keevers Group,

Offering three dwellings, a well-equipped nursery and further commercial

Ben Keevers 0404 056 010

potential, Eaglemont Estate spans more than 63 hectares and sits 45

There’s a distinct Palm Springs vibe at this

kilometres from the coast. The main residence boasts cathedral ceilings, a

contemporary home, but with the beach at the

marble kitchen, a tennis court and a heated pool.

end of the street instead of the desert.

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DESIGN DIGEST

The gift of giving Christmas is sorted with these gorgeous ideas, sure to delight the foodie, wine lover or ultimate host in your life. C o m p i l e d b y PAU LIN E M O RRIS SE Y A VOTRE SANTE Maison Balzac’s elegant Bordeaux Wine Glasses whisk wine lovers to the heart of the French vineyards.

Exquisitely hand-blown, their stems are graced with delicate grape clusters, making them a sublime choice for sophisticated gatherings and a standout holiday present. maisonbalzac.com

ALOHA FROM WAIKIKI Elevate mealtime moments with Bonnie and Neil’s vibrant collection of hand-printed tablecloths. The Waikiki collection, embellished with fresh florals, fruit and soft waves, is perfect for festive feasts. bonnieandneil.com.au

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SUMMER ON A PLATE Gift someone a piece of Puglia with Alex and Trahanas’ new Ceremonies

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tones of sustainable blackbutt with the deep browns of Queensland spotted gum, the Rectangular Serving Board by TS Makers is generous in size and bound to delight any charcuterie board aficionados. tsmakers.com.au

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Hollywood luxe

DREAM HOME

This riverfront Toorak mansion has been reimagined inside and out and stands proudly as one of Australia’s finest homes.

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f you think you’ve seen this house before as the setting of a fabulous garden party in The Great Gatsby movie or as the stage for yet another bitter battle in the TV behemoth Succession, you could be forgiven.

This magnificent home that cascades down to the riverfront in Melbourne’s Toorak is one of Australia’s most glamorous mansions, with a fine historical pedigree and a modern overlay of unbridled Hollywood luxe.

“You really could see it in a movie or on TV as it is the ultimate entertainers’ home,” says Justin Long, director of Marshall White Stonnington,

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who is selling the six-bedroom, seven-bathroom house at 108 St Georges Road.

“It’s quite unique in its architecture, its position on the riverfront and the way it waterfalls down to the water, as well as the incredible renovation it’s undergone,” he says.

The house was designed in 1965 by famed architect Guilford Bell, who had been awarded the Victorian Architectural Medal the previous year. He’d studied in Australia and England, carrying out a series of home renovations for crime writer Agatha Christie. Combining classical and modernist styles, he was feted

throughout Australia. Later, he even remodelled parts of The Lodge in Canberra.

The gardens were designed by Edna Walling, one of the country’s most revered landscape architects, who also became the first Australian woman to develop land.

But when the house was bought in 2013 by fashion and homewares stylist Lauren Millay and her husband, music promoter Richie McNeill, it was very rundown, having been hardly touched in over 50 years.

Millay couldn’t resist the renovation challenge.

“We saw so much potential in the original Guilford Bell design,” she says. “We took inspiration from the body of work by the famous American architect Frank Lloyd Wright, as well as the iconic photographic art of Slim Aarons, and set out to create a Hollywood Hills-style modernist home on the banks of the Yarra.”

YOUR AGENT Justin Long, Marshall White Stonnington

“It’s a very special house, and we probably won’t ever see anything like this again.”

It wasn’t a simple task. Over the next four and a half years, the couple, together with Raidstudio architect Nicholas Ruljancich and landscape architect Jack Merlo, painstakingly renewed every corner of the home and its neglected gardens.

They added a lower ground level with a pool, entertainment deck, and undercroft. They rewired and replumbed the whole house to provide all the latest technology, including Tesla electricity hubs and solar power.

“It was challenging but rewarding,” Millay says. “Many design features were honoured, and the custom timber feature walls throughout were reinstalled to keep the original feel.

“Using mosaic tiles throughout all the bathrooms gave a take on retro style while matching in with all the latest accessories.

Installing beams, posts and curtains as room

dividers created the open flow while keeping that retro feel.”

The now four-level house, with its own lift, has a floor area that’s been extended to 914 square metres, with a theatre room, executive office, formal dining room, chef’s kitchen, sauna, children’s rumpus room and a self-contained separate apartment.

Set on 1736 square metres of land, it has a jetty and boat mooring, covered entertainment terrace, heated pool and north-facing lawn.

Unfortunately, when Millay and McNeill purchased the home, the gardens were almost unrecognisable as an Edna Walling design. But then Merlo was brought onto the scene.

“He was able to create an amazing modernist gardenscape, working around the protected magnolia trees,” Millay says. “To complement the home’s stepping stones, a multilevel garden

area, a fire pit, decked and concreted entertaining areas, and the hanging gardens created a perfect exterior, while three large palm trees were craned in to complete the LA style. The results are truly phenomenal.”

Merlo loved the work, using Walling’s original design as his inspiration.

“Edna made a big mark on how we design the landscape and private and public gardens, and we were very respectful towards her,” he says.

“We had our own interpretation of both her and Bell’s original plans.

“It would have been a beautiful property in its day, but it’s been adapted to the way we live now with a focus on entertaining.

“The house sits in the landscape and is enveloped by the landscape as well, and the way the inside and outside connect is just beautiful.

Today, it’s looking magnificent.”

Toorak Melbourne 108 St Georges Road $23 million-$25 million

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Expressions of interest: Close 3pm, November 21 Agent: Marshall White Stonnington, Justin Long 0418 537 973

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

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LIVING IN

38.3936° S, 145.1636° E

SOMERS

Locals say life in this unspoiled and laid-back corner of Victoria’s Mornington Peninsula is simply delightful. B y PAU LIN E M O RRIS SE Y

YOU MAY LIKE ...

Somers

Cradled by Western Port and pristine nature

While many towns pride themselves on a laid-

reserves, Somers sits tucked away in the serene

back atmosphere, Somers genuinely embodies

lap of the Mornington Peninsula. Its semi-

this spirit. Wright says locals cherish the lack of

Mornington Peninsula 42 The Promenade

secluded location ensures that it remains a

home postal deliveries, opting to collect their

$5.7 million-$6.2 million

tranquil retreat despite Melbourne being about

mail themselves.

an hour’s drive away.

From its beginning, the town’s natural splendour and village-like character made Somers a

up with familiar faces while you’re there, and

sought-after haven for holidaymakers and an

perhaps have a morning coffee at the general

ideal home for those who value a quieter lifestyle.

store next door?”

With a population just shy of 2000, Somers

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“Why have your mail delivered when you can

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drop into the local post office to collect it, catch

presents a delightful blend of quaint beach

Nature sparks creativity

shacks and grand residences along the coveted

Visual artist Lizzie Alsop draws inspiration from

beachfront, though no matter the dwelling,

Somers’ unspoiled beauty to craft modern

residents love this epitome of beachside living.

artwork from her home-based studio.

Village heartbeat

painting,” she says. “We were enticed by its

Jackie Wright of The Coast Real Estate proudly

promise of an idyllic lifestyle that was still

Expressions of interest

calls Somers home. She treasures the coastal life

conveniently close to the city – my husband’s

Agent: Buxton Mornington Peninsula Flinders,

and has played a role in selling some of the town’s

workplace – and not as developed as other

Madeline Kennedy 0411 873 913

most spectacular homes. During lockdown, she

Mornington Peninsula areas.”

In a prized beachfront locale, this architect-

recalls a surge of interest in her village.

“I think people sat at their computers and thought about where an hour’s drive from Melbourne could take them, and Somers popped up,” she says.

“Moving here 15 years ago rekindled my love for

Alsop says her children flourished here,

designed multigenerational holiday home has

attending the local school, taking sailing lessons

three levels connected by a lift. Each floor leads

at the yacht club, and playing tennis.

to bay-view decks and north-facing terraces.

“In Somers, children experience an enriching upbringing, while adults embrace life’s simple pleasures,” she says. “Be it a refreshing ocean

Somers has a three-

community. It offers renowned wineries, superb

swim, leisurely cafe visits, a trip to the Emu Plains

kilometre stretch of

Hover your camera over the

dining, coastal trails, vibrant farmer’s markets,

Market, or exploring a nearby vineyard – life is

beach, including a

code to see Domain listings

and much more.”

simply delightful.”

leash-free area for dogs.

in Somers

“But Somers is more than just beaches and

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THE ULTIMATE HEDGES AVE OPPORTUNITY - RARE NORTH CORNER ABSOLUTE BEACHFRONT TRIPLE BLOCK

AUCTION FRIDAY 27TH NOVEMBER, ON-SITE 11AM

41-45 HEDGES AVENUE, MERMAID BEACH 4

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1214m²*

Disclaimer *= approx.

Discover the epitome of beachfront living on this expansive 1,214m2* Hedges Avenue property. Nestled in the heart of Queensland's most coveted neighborhood, this unique piece of real estate boasts an impressive 30m* of pristine golden sand beach frontage. Its corner location adds an extra layer of charm, offering a myriad of possibilities. Whether you wish to cherish the existing residence, enhance its value through renovation, explore development opportunities with multiple dwellings, or create your dream mansion, this property invites you to seize the endless potential it holds. In a concrete oasis, this home boasts 4 bedrooms, 4 baths, and spacious living areas. The gourmet kitchen sparkles with Gaggenau appliances. A 56 car garage blends practicality with luxury. The master bedroom offers beachfront tranquility. A selfcontained flat adds allure. Outside, a lush garden surrounds a lap pool and inviting outdoor spaces for cherished family moments.

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Please RSVP prior to inspection.

Open Home Sunday 10:00 - 10:45am & Thursday 9th 10:00 - 10:45am

Contact the Listing Agent Amir Mian 0401 470 499 amir@amirprestige.com.au

amirprestige.com.au

THE PROPERTY INVESTOR

GETTY

The US: Home of the brave investor?

The experts are split over whether Aussie property buyers should delve into the complex United States market looking for profit.

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The are many intricacies and risks in US property, but the market also offers a range of lucrative opportunities.

verseas stocks and shares form an intrinsic part of many portfolios but when it comes to buying property in other countries, many investors are wary.

However, Australian property investor Lindsay Stewart, the founder and global operations manager of Star Dynamic Property Investments, is adamant that they may be missing lucrative opportunities that other markets offer.

He has just launched a $50 million highgrowth fund to give Australians a foothold in the US residential property market.

The Cornerstone International Property Fund he founded with Condor International Property Group director Michael Eagar buys suitable three and four-bedroom houses in Florida, Texas, Michigan and Missouri, renovates them, and then sells them, with the profit reinvested in the fund.

“I’ve been operating in the US myself for about 10 years because it offers a lot of advantages,” Stewart says. “You buy there for a lot less than you can buy in Australia, with no stamp duty,

lower prices, cheaper renovation costs and not the high capital gains tax you have here.

“There’s a lot of migration into Florida – like into the Gold Coast here – with retirees looking for warmer weather. There’s also a hell of a lot of post-COVID movement into Texas, with Austin

“I’ve been operating in the US ... because it offers a lot of advantages.” becoming the next Silicon Valley, and I’ve also worked in both Michigan and Missouri, where we have people on the ground.”

The business model involves buying houses for around $US150,000 each, spending $US50,000 to $US60,000 on the renovation, and then reselling for $US250,000 to $US300,000.

Investors can join the fund with an outlay from $50,000 for a minimum term of 12 months.

“Our strategy is short-term manufactured growth rather than long-term market growth that you have little control over, with changing interest rates and exchange rates,” Stewart says.

Some investment advisors, however, prefer buying property closer to home. Asset Base managing director Nathan Lewes, for example, favours leveraging investment for the advantages of compounded growth.

“Long-term, property will always prove a good investment as a general rule,” he says. “There’s great growth to be had in Australia; 8 per cent is pretty hard to beat. In the US, the biggest elephant in the room is how high are interest rates going to climb? It’s not the most stable market to be playing in.”

The Property Mentors chief executive Luke Harris is another who chooses to buy here. US property was hot post-GFC, with Detroit houses going for as little as $US20,000, he says, “But today, it’s a very niche market for Australian investors. For me, you can make enough money in Australia, so you don’t need to go offshore into international markets.

“You have to research these options very carefully and there’s often a lot you don’t know about another country when it comes to investing, like tax – with each county in the US having its own regulations – finance, renovation costs, holding costs, council rates, laws. You need to investigate the intricacies and risks.”

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9 MCMILL AN COURT, SOUTHPORT 5

7+1pdr

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1,763m2*^

1,411m2*

21.3m*

MAGNIFICENT MAIN RIVER ENTERTAINER

EXPRESSIONS OF INTEREST Closing Wednesday 6 December at 5:00pm

Crowning a sprawling 1,411m2* double block with a coveted east-facing orientation, this extraordinary estate offers an unparalleled Main River lifestyle within the prestigious TSS district. Designed by esteemed architect Bayden Goddard, a four-level residence exudes genuine Hamptons charm

IN S PECT BY APPO INTM ENT

and boasts an impressive 1,763m2* under roof.

Luxury knows no bounds with a well-appointed kitchen, temperature-controlled wine room, opulent primary bedroom, cinema, gym, and a relaxing steam room. An enclosed BBQ kitchen and poolside wet bar add allure.

MICHAEL KOLLOSCHE 04111 888 15

The rooftop offers indoor-outdoor entertainment with captivating river and city skyline views,

SAM GUO 0423 064 310

while outside, a 12m* pontoon with twin jet ski docks and a sandy beach fulfills the waterfront dream. This residence is the ultimate sanctuary for those who demand uncompromising luxury and an exceptional Gold Coast lifestyle.

JULIA KUO 0402 668 885

*approximate ^gross floor area

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FAIRLIE PENTHOUSE 54 ANDERSON STREET SOUTH YARRA, VICTORIA

A 3 B3 C 2 D 1

NoNo

KAYBURTON.COM.AU

Expressions of Interest Close 28 November at 5pm Viewing Thursday 5-5:30pm Saturday 1-1:30pm Contact Nicole Gleeson Gerald Delany

0414 809 221 0418 355 337

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‘The Figs’ -

Sprawling acreage oasis.

KAMERUNGA

Imagine a place where time seems to stand still, natural beauty and tranquility greet you at every turn, and the whirlwind of life recedes from the moment you arrive. It is heaven on earth, and it awaits at “The Figs”.

Cocooned within a magnificent canopy of tropical greenery, this 1.82 hectare (4.5 acre) oasis represents a dream lifestyle and rare opportunity. Held by the same family for three decades, and with just three owners in its 126-year history, it promises unsurpassed seclusion and serenity approximately 15 minutes from the Cairns CBD.

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‘The Figs’, Cnr Harley St & Kamerunga Rd. Contact Agent Matt Powe | 0438 116 191 18 P R E S T I G E

N OT H I N G C O M PA R E S . queenslandsothebysrealty.com

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paradise found 1 7 Ly r e b i r d R i d g e R o a d , S P R I N G B R O O K

Eaglemont Estate: A grand and luxurious 156-acre haven nestled in a carefully preserved segment of the original rainforest of the Gold Coast Hinterland. Perched

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bedrooms

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bathrooms

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car spaces

156

acres

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titles

at a breathtaking 700 metres above sea level, Eaglemont is an unparalleled blend of luxury, prestige, and natural beauty.

Awe-inspiring vistas of the vast pristine land are unveiled beyond the secure gated, tree-lined entrance. The main residence is an architectural masterpiece of opulence

FOR SALE

VIEWING

AGENT

17 Lyrebird Ridge Road, Springbrook

By appointment only

CHRIS GILMOUR M: 0438 632 459

and grandeur with cathedral ceilings, gourmet kitchen, magnesium pool, tennis court, and botanical gardens. Every detail has been meticulously curated and impeccably maintained.

Beyond the main residence, there's a secondary grand residence, a self-contained 'Bunk House,' and a worker's cottage in the nursery area. Commercial potential with a thriving nursery and tree farm, licensed bores, and natural spring-fed waterways.

Eaglemont Estate transcends the concept of mere residence; it embodies a lifestyle.

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w w w. e a g le m o nt e s t a t e . c o m . a u

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337 Belair Road Lynton South Australia A 8 B 4 D 32900

When once-in-a-lifetime is an understatement…

Contact Agent For Sale Daniel Oliver 0400 877 705 Daniel Stewart 0435 764 255

H A R R I S R E .C O M . AU | RL A 2 26 40 9

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N°57 MOSELEY ST, GLENELG SOUTH

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1350

CONTACT SIMON NOAKES - 0402 211 543 RLA 315571

See demand for your home Download the app

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S Y D N E Y ’ S P R E M I E R D I S P L AY V I L L A G E

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