Plc op1050 320x238 12pp 4c place property report november isuue 2014 fa hr new

palace I N N E R E A S T E R N R I V E R F R O N T A N D H I G H E N D P R O P E R T Y R E P O R T: N O V E M B E R 2 0 1 4

OUR PLACE IN THE MARKET

CAROLWOOD ESTATE

INDULGE YOUR SENSES.

Reflections on the 2013 - 2014 financial year & a preview of what to expect in 2015

Walt Disney’s former estate which inspired ‘the happiest place on earth’, sells for US$74 million

1889 Enoteca is one of the most divine culinary experiences in Brisbane

INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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This magnificent home is the only freestanding riverfront residence in the prestigious Cutter’s Landing.

REFINED

Cutters Landing Landmark Riverfront Residence.

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ocated on the historic site of the CSR

Elegant interiors.

Relax and enjoy the spectacular riverside backdrop after a long day at work.

sugar refinery, the sale of this landmark

riverfront property is a once in a generation event. Comprising the only freestanding riverfront home in the exceptional Cutter’s Landing precinct, this site was established in 1893 and transformed in 2004 into one of Brisbane’s most sought-after luxury developments. Retaining its original exposed brick exterior and blending more than a century of traditional heritage charm with modern luxurious design, this 4 bedroom, 3 bathroom residence is a testament to Brisbane’s past and a chance to secure your own slice of real estate history.

Blending heritage charm with modern design, thoughtfully constructed interiors retain traditional elements throughout, with vaulted ceilings, fireplaces, polished timber floors and exposed timber beams complementing modern updates. This property also features a three-car garage, with direct access and a wine cellar.

A true sense of place.

Enjoy a riverfront position with uninterrupted views of the Brisbane City skyline.

Act now to secure your own piece of Brisbane history.

This historic property at 2141/32 Refinery Parade, New Farm is currently being marketed by Damian Hackett, call 0488 355 553 or email hackett@eplace.com.au

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INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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INSIDE 2

ReďŹ ned, Teneriffe

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Our place in the market

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Property sales $5 million+ by suburb

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Disney Estate sells for US$74 million

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Fairfax estate on the international market

10 Indulge: 1889 Enoteca 11 Watercolour, West End

35 Ryan Street, Balmoral recently sold by Damian and Sarah Hackett.

Reminiscent of a prestige Hollywood Hills home.

DAMIAN HACKETT & SARAH HACKETT Phone 0488 355 553 hackett@eplace.com.au

INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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OUR PLA IN THE M View from 31 Waldo Street, Norman Park.

SARAH HACKETT

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DAMIAN HACKETT

INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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ACE MARKET T

he Brisbane property market is gaining momentum as we enter the back end of 2014 with sales in the river city looking strong and we follow on from big upswings in the Sydney and Melbourne markets.

The 2013 – 2014 financial year saw some outstanding results in Brisbane, injecting a strong feeling of confidence back into the market.

Properties at the top end have performed better than expected over the last financial year with significant price growth apparent when compared to previous years. You can read more on current conditions in the high end market in our story ‘Property Sales $5 Million+ by Suburb’ that follows.

Demand is strong and we are currently experiencing high levels of interest particularly in the inner east with many buyers searching for top end properties.

Top end homes in Brisbane’s inner south eastern region are currently fielding multiple offers with some properties receiving up to ten. This is a far cry from the slump in the market following the 2011 floods when buyers were scarce and those that were keen to buy were looking for bargains.

This high level of demand is leading to a number of off-market transactions. We have also seen multiple offers on properties between $10 million and $15 million in the inner east area. Most notable is a recent sale in the inner east, which amalgamated two properties, selling in the $15 million to $20 million price bracket.

As we start to look towards 2015, Place expects the property market across the board to perform well for the next 12 to 18 months as we play catch up with the southern states.

Current lending conditions are having significant impact on growth, as general buyer sentiment improves generating feelings of confidence.

The Sydney and Melbourne markets have performed very well over the last couple of years seeing unprecedented growth, however this is now beginning to stall.

By comparison, Brisbane has a lot of room to move up in the short to medium term.

The future of the property market is often difficult to predict however barring any large negative external forces there is no reason we shouldn’t see the predicted growth.

INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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PROPERTY SALES $5 ASHGROVE

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AUCHENFLOWER

1 FIG TREE POCKET

1 CBD

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TENNYSON

SIX INNER EAST SALES ABOVE $5 MILLION FOR 2013/14 FINANCIAL YEAR.

EASTERN SUBURBS 6

INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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MILLION+ BY SUBURB T

he inner east has taken the lead for the highest number of top-end house sales in the last financial year when compared to other regions across Brisbane.

RP Data figures show that of the 15 houses sold and settled in Brisbane for over $5 million in the period from July 1, 2013 to June 30, 2014, six were in the inner east and all were riverfront properties.

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ASCOT & HAMILTON

Of the six properties sold in this area three were in Norman Park and three were in Hawthorne. Other sales across Brisbane include three in the Ascot and Hamilton area, two in New Farm and one each in Ashgrove, Auchenflower, Tennyson and Fig Tree Pocket.

Place agents Damian and Sarah Hackett who specialise in this area of this market sold all six of the houses over $5 million in the eastern suburbs.

BD

“Demand is high for homes in the inner south east with all recent properties for sale attracting multiple offers” Mr. Hackett said.

NEW FARM

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“This level of demand is a huge step in the right direction, particularly for the high-end waterfront market which bottomed out following the 2011 floods.

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“We had some great results in the 2013-2014 financial year but what’s even more promising is that we have seen these results continue into the second half of this year. Since July, there have been a number of very high end sales.

HAWTHORNE & NORMAN PARK

The inner south east is one of the best places to view the stunning Brisbane City skyline and if you combine this with water front living, it’s no doubt this area of Brisbane is running away with the lead in terms of number of high end sales.

“People are drawn to the relaxed lifestyle this area offers.

The homes that are on the water boast absolute river frontage while those in the hills offer spectacular views,” Mr Hackett added.

“A lot of the river front homes also have their own private jetty which for those with boating interests is a huge bonus.”

The inner east is in close proximity to the mouth of the Brisbane River which opens out on to Moreton Bay offering many recreational opportunities.

The growth seen in the high end across Brisbane is promising as it indicates confidence in the property market has returned. This is creating the expectation that Brisbane is following in the footsteps of the Sydney and Melbourne markets which have seen unprecedented growth in the last couple of years.

S LEADING THE WAY

If you would like to know more, or to discuss the market in general, call Damian Hackett or Sarah Hackett on 0488 355 553.

INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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DISNEY ESTATE THAT INSPIRED THE HAPPIEST PLACE ON EARTH SELLS FOR US$74 MILLION T

he estate that was once home to the creator of

Brener kept some of the original features including the

‘The happiest place on earth’ and one of the most

Disney gate leading into the property which has ironwork

influential people in show biz has sold for US$74 million.

reminiscent of Mickey Mouse ears, Mrs Disney’s famous rose

The fairy tale Disney Estate on Carolwood Drive in the

bushes which are around 70-years-old and the 27-metre

coveted Holmby Hills neighbourhood in Los Angeles was

underground train tunnel which was part of the steam train

home to Walt and Lilly Disney for 17 years from 1949 to 1966.

railroad Walt built on his property which is rumoured to have

Gabriel Brener, chief executive of private investment firm

served as part of the inspiration to create Disneyland.

Brener International Group and co-owner of the Houston Dynamo soccer team purchased the property in 1998 from the Walt Disney Foundation.

Not long after, he purchased the property next door and demolished the original Disney house. On the 2 blocks of

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Holmby Hills is one third of the ‘Platinum Triangle’ which also includes exclusive neighbourhoods Bel Air and Beverley Hills.

Carolwood Drive in Holmby Hills has been home to a number of A-list celebrities over the years including, Michael Jackson,

land he built the house that stands today complete with 8

Mick Jagger, Marilyn Monroe, Sonny and Cher, Elvis Presley,

bedrooms and 17 bathrooms and sits on 4.3 acres which is

Barbara Streisand, Aaron Spelling as well as the infamous

known as the Carolwood Estate.

Hugh Hefner and his Playboy Mansion.

INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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FAIRFAX ESTATE ON THE INTERNATIONAL MARKET

Exclusive Point Piper address on the shores of Sydney Harbour.

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et over more than an acre on the shore of Sydney’s stunning harbour, sits one of Australia’s

most significant private estates which enjoys a position so rare and beautiful it is considered one of the great private holdings in the world.

Listed for sale in 2013, this magnificent waterfront estate, in the exclusive Point Piper neighbourhood, is a part of Australian history. It is the possibly the most significant piece of real estate that has ever been offered in Australia.

The Elaine Estate is a home of privilege and position that for the past 120 years has been the very centre of Australia’s greatest family dynasty, the Fairfax’s.

“It’s said that the Fairfax’s are the longest surviving newspaper dynasty in the world. Their presence on this land is part of their story, part of Australia’s story really,” one of Australia’s most noted architects Howard Tanner said.

sportsmen, philanthropists, entertainers and artists in an array of glittering events and smaller gatherings that are remembered to this day.

Current owner of the home John B. Fairfax, who acquired the estate in 1989 after paying his father $3 million for a large portion, has launched an international campaign to sell the property for

Elaine was built during the 1860’s at a time when

what Sydney-based industry experts predict to be

Sydney’s wealthiest and most important upper

around $100 million.

class families were staking their claim to the finest and most sought after harbour land.

The 6986-square-metre estate was subdivided into six lots in 2004, however with the pending sale

In 1891, George Fairfax and his wife Lena took

of the property local Woollahra councillors have

up residence at the Elaine Estate selected for its

united in a bid to ensure Elaine is not lost forever.

prestigious waterfront location, beautiful swimming

They want the eventual buyer to recognise the

beaches and proximity to the city and their

history and significance of the estate and see it as

businesses.

a renovator’s delight, not a demolisher’s dream.

Over the coming years, the family would gradually

Although no price has been mentioned, this sale is

expand and update their grand Victorian mansion

expected to beat the standing $53 million record

to become one of the Harbour’s landmark

for a Sydney residence.

properties and a hub of Sydney society.

The Fairfax family’s hope is that the buyer is a

With its ballroom, lounges, balconies, grounds and

family who will restore the house to its former glory

glorious grass tennis court Elaine has played host

as a significant and modern family home, while

over the years to politicians, dignitaries, businessmen,

respecting its history.

INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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INDULGE

Inspired by the enoteche of Rome, this is authentic Italian dining at its finest.

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here do you head if you are after one of the most divine culinary experiences on offer in Brisbane?

The answer…1889 Enoteca.

marble-topped bar provide a sense of warmth and sophistication which makes you feel like you should be in a restaurant in the back streets of Rome.

This award winning Italian restaurant is nestled amongst the shops and restaurants in Wooloongabba’s antique quarter in the heritage listed Morton Rubber Works building (circa 1889). Opening its doors in 2009 owners Dan Clark, Cameron O’Brien and Emmanuel Sakellarakis saw opportunity in the Brisbane restaurant scene for a high end Italian restaurant with a focus as much on its authentic mouth-watering dishes as on the wines that match them perfectly.

Like many of the classic enoteche in Italy, 1889 Enoteca has incorporated a small wine store, restaurant, wine bar and a beautiful underground cellar for private dining and functions for up to 42 guests. Showing their commitment to quality, the menu features traditional Roman fare using only the freshest produce available while the pasta and bread is all hand made on a daily basis by the extremely talented Enoteca chefs.

With much of the buildings original framework still intact, this cosy restaurant oozes character. The exposed brick work gives an industrial feel while the polished dark timber floors, rich coloured fabric seating and the

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Menu standouts include the selection of cured meat antipasti, pappardelle with beef and pork ragu, peas, goats cheese and zucchini flower risotto, lamb rump and the freshest market fish available. The dolci & formaggi, or sweets and cheese, selection is a must

as it’s the finest night cap to your authentic Italian dining experience.

The extensive wine list offers unique, artisan Italian producers with a particular focus on natural wines carefully selected by the owners who experienced first-hand the best vineyards in Italia. The knowledgeable staff will be able to help you select a wine to match your order ensuring you have the finest dining experience.

According to Gourmet Traveller, Enoteca boasts ‘the smartest and quirkiest selection of Italian wines’.

Priding themselves on their knowledge, passion, fresh produce and commitment to quality is what makes this delectable authentic restaurant so good.

1889 Enoteca, 10-12 Logan Rd, Woolloongabba.

Open for lunch Tuesday to Friday and Sunday, and for dinner Tuesday to Saturday. PH: 3392 4315

INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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WATERCOLOUR

This spectacular river front home in vibrant West End is an executive family’s dream.

Indoor/outdoor integration and light filled interiors.

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rchitecturally designed and enjoying a quality Builtex Homes construction,

this spectacular absolute riverfront home is one of the very best in vibrant West End. Constructed in 2009, this luxury 4 bedroom (plus study), 4 bathroom home on 632m2 of landscaped gardens is made for easy living. Designed to maximise river views and cool breezes, the intelligent floor plan enjoys an open plan living area with soaring 4m high ceilings.

An expansive covered entertaining area with barbeque on the riverfront is the ultimate space for alfresco dining There’s water everywhere you look.

and drinks with friends on warm summer evenings. The heated infinity edge pool overlooks the river and private 8x3m pontoon.

With an incredible inner city location close to the CityCat, Brisbane State High School, West End Primary School, major hospitals and just two kilometers to the CBD, this home is an executive family’s dream.

This stunning riverfront property at 121 Ryan Street, West End is being marketed by Damian & Sarah Hackett, call them on 0488 355 553 or email Hackett@eplace.com.au

INNER EASTERN RIVERFRONT AND HIGH END PROPERTY REPORT

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TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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26/11/2014 5:05 pm

CONVERTS SKY INTO HEAVEN.

Just one look is all it takes to be captivated by the all new BMW 4 Series Convertible. Beautiful inside and out, revel in a breathtaking driving experience that converts beauty into exhilaration. Slip behind the wheel and convert style into pleasure. Put the hardtop down and convert sky into heaven. Experience the all new BMW 4 Series Convertible at Motorline today.

TEST-DRIVE THE ALL NEW BMW 4 SERIES CONVERTIBLE AT MOTORLINE TODAY.

Motorline M1 Pacific Motorway, Daisy Hill I Opposite IKEA Logan Exit 23 (Southbound), Exit 24 (Northbound) Tel: 07 3290 7000 sales@motorline.com.au www.motorline.com.bmw.au Overseas model shown.

I WILL. RIDE MORE. With the arrival of the unstoppable BMW R 1200 GS Adventure, the dynamic BMW R 1200 RT, the powerful BMW S 1000 R and the long anticipated BMW RnineT, there has never been a better time to visit the team at Motorline Motorrad. Give the Motorline Motorrad Team a call today to arrange your personalised introduction to these Ultimate Riding Machines and book your test-ride.

EXPERIENCE THE ALL NEW BMW MOTORRAD RANGE TODAY AT MOTORLINE MOTORRAD. Motorline Motorrad M1 Pacific Motorway, Daisy Hill I Opposite IKEA Logan Exit 23 (Southbound), Exit 24 (Northbound) Tel: 07 3290 7000 motorrad@motorline.com.au www.motorline.bmwmotorrad.com.au

THE ORIGINAL REMASTERED.

The latest and greatest all new MINI has arrived and it’s this season’s must-have. With new engines, new technologies, a new centre console, new LED ring headlights, new head-up display, new parking assist and new safety features, the new MINI is all new. It is the original remastered after all. See what all the fuss is about at Motorline MINI Garage today.

THE NEW MINI. THE NEW ORIGINAL. MOTORLINE MINI GARAGE. M1 Pacific Motorway, Daisy Hill - Opposite IKEA Logan Exit 23 (Southbound) Exit 24 (Northbound) Tel: 07 3290 7000 sales@motorline.com.au motorline.minigarage.com.au

PLC-OP1050 320x238_12PP_4C_Place_Property_Report - November_Isuue_2014_FA_NEW.indd 12

TITLE: PLC-OP1050 320x238_12PP_4C_Place_Property_Report - December_Isuue_2014_FA_NEW DATE: 26/11/14

Ground Floor, 33 Longland Street Newstead Q. 4006 T. 07 3160 2330 www.brandstormers.com

ACTUAL ARTWORK SIZE: 320mm x 238mm COL: CMYK INK WEIGHT: 320 % RES/DPI: 300 dpi PROOF TYPE: Uncoated_Coated STUDIO ARTIST: ________________________ ART DIRECTOR: _________________________ WRITER:___________________________________________________________________________________ CREAT.DIRECTOR: _______________________ ACC MANAGER: _________________________ CLIENT: __________________________

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