Domain - The Age, September 14, 2019 by Domain Magazines

13 14 SEPTEMBER 2019

Looking glass Supreme from every angle

G o o d Buy s

In sig ht

W hat t o se e t h i s We ekend

SAVVY INSPECTIONS

EXPERT ADVICE

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Sweet dreams are made of this

INDEX

Note from the editor

f the secret to success in the property market could be distilled into a single word, that word would be “confidence”. It has been a theme so far of Nine’s new Your Domain program (airing Saturdays at 10am). As the market drop has stabilised, along with interest rates holding, all property players can progress with confidence. Buyers can scout favoured suburbs without prices sprinting ahead like a thoroughbred in full flight. And sellers can list homes with the certainty of strong demand, so there is less hedging of bets (save that for Flemington) ahead of auction day. Speaking of racing, the New Living cover story reveals the first residences selling in the Moonee Valley Park redevelopment. I have fond memories of Saturdays at the track with my racing journalist father. I explored the display suite last week, and the precinct is a masterstroke. To cap this edition off, enjoy a tour of our residential cover property, a sublime penthouse in South Yarra.

Cover story

Good Buys

Insight

What to see this Weekend

p10

Advice

p13

Coast & Country

p40

NEW LIVING

13 14 SEPTEMBER 2019

GROUP ONE ADDRESS On course for style

Mo der n Home s

T i m Gu r ner

C or r ie Perk i n

HERITAGE EFFECT

ONWARDS & UPWARDS

DESIGN BY THE BOOK

Page 6

Page 8

Page 11

FLIP OVER FOR NEW LIVING Cover story

Modern Homes

Cityscape

On the Bookshelf

p11

Neighbourhoods

p13

Wikipedia lists some 70 different shades of blue,

including indigo, periwinkle, cobalt and Tiffany blue. From the pool deck of this spectacular north-facing home on Sydney’s northern beaches, these – and then some – are on display. Start with the turquoise mosaic pool tiles, then look out to the aquamarine waters beyond the four-bedroom oceanfront property. Admire the steel-blue eucalypt forests of the Central Coast on the horizon, then lift your gaze to the sky above. The 982-square-metre block is nestled into protected headland at Whale Beach, offering 180-degree views across Dolphin Bay and up the coast. The home had a big-ticket makeover in 2017, guided by architect Matt Beggs, of MSB Design, and interior designer Rodney Dickson. There’s an easy flow between the open-plan living spaces, sun-soaked terraces, resort stylepool and Garden Life-designed yard. “This home wants for nothing,” says Michael King, of Ray White Prestige Palm Beach, who’s quoting a guide of $7.5 million. Expressions of interest close September 27. ELICIA MURRAY

OUR COVER 2901/3 Yarra Street, South Yarra, listed by Prestige Homes of Victoria (Christie’s International

Hover your phone camera over

Real Estate) p6

the code to see the listing

Editor Emily Power | Deputy editor Jessica Dale | Editorial assistant Hailey Coules | National managing editor Alice Stolz | Senior designer Colleen Chin Quan | Graphic designer Emma Staughton Picture editor Leigh Henningham | Chief executive officer Jason Pellegrino | Chief consumer officer Jason Chuck | Residential sales Mitch Armstrong 0438 820 767 New development sales Monty Hanger 9249 6536 | Contact editorial@domain.com.au | Domain is published by Domain Holdings Australia Limited and is printed by Elephant Group (Aust) Pty Ltd, 24c Victoria Street, Windsor VIC 3181.

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C OV E R S T O RY B y LO U SWE E N E Y

Heavenly views from on high

here is Melbourne, and then there is Melbourne from the 29th floor. While getting up close and personal to our dear town via her alleys and inner-city villages is diverse, atmospheric fun, there is nothing like seeing your city from on high. Here, in this South Yarra penthouse, you might well get a little knot in the throat – Melbourne is a beautiful city and the panoramic, honest-to-goodness 360-degree views will take your breath away. While the interiors up here are deeply impressive – as is the garage area, nine car spaces, if you don’t mind – we’re going to linger on those views a while, after all, it’s the vista that gives context to a penthouse.

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Every corner here delivers a remarkable perspective. Due west is St Kilda Road and the beginnings of the bay. Turn on your heel and bank a little north where the city towers mark their edges across the sky, the Botanic Gardens providing a splendid frame below. Keep on the pivot and admire our incredible tennis centre, the MCG, AAMI Park – a bountiful celebration of monumental architecture. Head south and there’s the bay – blue as it’s ever been and spreading across the windows from the West Gate Bridge to Brighton and far beyond. A view of the Yarra as it snakes its way past the Nylex clock and into town is wonderful, too, and then there are the ranges in the east.

On a clear day, you can see forever, or at least across to the You Yangs and the Heads. We might be pushing the hyperbole needle beyond the red with this view business, but there is a soaring, aweinspiring feeling in a place like this, and the spaces created to frame the glorious sights don’t disappoint. There’s a nice bit of mystery just as you enter the penthouse, the dark timber panelled entrance is a brief, intimate welcome before you take a few steps forward and into the light of those views. It’s a superb, atmospheric introduction. First, though, the very fine main bedroom on the right off the entry passage is an impressive place to while away some time. More of those dark panels hold you in the private space, a handsome

SOUTH YARRA 2901/3 Yarra Street

What the agent says

$9 million-$9.9 million

Agent: Prestige Homes of Victoria (Christie’s International Real Estate), Sean Cussell 0425 787 979 Expressions of interest: close 4pm, October 7 Open your camera and hover your phone over the app code to

Sean Cussell

Prestige Homes of Victoria (Christie’s International Real Estate)

A truly unique opportunity to buy a developer’s own penthouse apartment, with attention to detail, finishes and design that are second to none in Melbourne.

Need to know: This part of South Yarra was originally the suburb’s light-industrial belt. Right near South Yarra station, Toorak Road and Chapel Street, today it is a vibrant mix of urbane apartment living and laneway-style retail.

view the listing

anchor underscored by the soberly lovely heft of the Portsea stone en suite. The attention to detail finds good expression in these small spaces – the stonework is superb, the full smooth hob of the bath spectacular, while elsewhere the differing cuts of the same grey stone bring varied texture and depth. Still, you are inexorably drawn towards the windows, the light. Off the entry hallway you come into a central space with the kitchen to the left behind you and the dining area and private plunge pool in front. Yes, a pool, up here, in the air. Head straight out onto the fabulous balcony that winds its way around pretty much the entire footprint and you’ll find yourself under a protected entertaining area. Next door, the pool has a window back over the dining room so you can make underwater faces at your dinner guests when you’ve had enough of staring at the view. Come back inside and head to the northern corner where a sublime living area boasts more of that impressive stonework in the form of the lofty hearth and the northwestern city postcard bends around the floor-to-ceiling windows. Bank a little further around to a neat study that gives the best views of our beautiful Yarra. Crossing the space past the incredible marble kitchen, all blankfaced inscrutable style courtesy of the superb, smooth integration, you’ll

find yourself on the southern edge where another living room offers you the great blue view. Set to the side is a shimmering powder room. Stepping out here you can wander the entire southern perimeter of the penthouse – an outlook altogether captivating as you follow the contours of our close coastline. Another hall jags east and runs you past the excellent butler’s pantry and beyond to two mirror-image bedrooms, each with water views, sparkling en suites and wardrobes. A third bedroom benefits from a bend in the floor plan to the east so you get acres of space, en suite, walkin wardrobe and views from the ranges to the sea. At the easterly end of the hall there’s a media/games

room with a bar and space for pool tables and pinball machines. Naturally there are, you know, views. The composition here is magnificent – generous space, smartly zoned wings and a fine balance between private and communal areas. A sublime fitout where stone and timber finishes strike an effortless balance is just as good. The combination of these in service of the city views up here in the clouds is nothing short of dazzling. This feature is part of a Domain Deluxe package.

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G O O D B U YS B y J OSH B OZIN

ST HELENA 18 Sun Orchid Circuit $590,000-$649,000

Open your camera and hover your phone over the app code

Stylish interiors flow

to see the listing

throughout this contemporary townhouse,

Three bedrooms with built-in

enhancing its appeal.

wardrobes (main with en

Spacious family dining is

suite) are upstairs.

WEST MELBOURNE

made possible with a

Expressions of interest:

699 Spencer Street

thoughtful floor plan with

close 6pm, September 24

$850,000-$900,000

the kitchen and living and

Agent: Jellis Craig,

dining zone at ground level.

Jamin Silluzio 0411 655 391

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

This single-fronted Victorian terrace is recently renovated, reigniting its character and charm. It is in a “fantastic city edge location, walking distance to the Queen Victorian Market and the CBD,” says the agent. A

ALTONA NORTH

BENTLEIGH EAST

brand-new kitchen and

3/14 Rymill Court

83 Deakin Street 83a

bathroom are adorned with

$550,000-$580,000

$780,000-$830,000

natural light, complementing modern and minimalist

finishings. There are two

Open your camera and hover

Open your camera and hover your phone over the app code

your phone over the app code

large bedrooms with

This exceptional, single-level

decorative fireplaces; a

home revels in comfort and

bright living room that looks

quality through a dynamic

courtyard is perfect for

three bedrooms and a

accessed from the open plan

out to a landscaped

floor plan that delivers ample

warm evenings ahead, while

spacious, family-oriented

kitchen and dining area.

courtyard garden.

open living space. The two

schools, parks and a

lounge room that

Auction: 11.30am,

Auction: 12.30pm,

double bedrooms with built-

shopping centre are close by.

encapsulates the easy-living

September 21

in wardrobes are bright and

Private sale

lifestyle. Stylish hardwood

Agent: O’Brien Real Estate,

Agent: Nelson Alexander,

welcoming, accompanied by

Agent: Greg Hocking,

floors complement this

Heather Steadman

Charlie Barham

an impressively appointed

Vince Caramia 0405 122 925

home’s style. The north-

0402 008 077

0400 507 688

bathroom. A quaint

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to see the listing

This single-level free-

to see the listing

standing home is made up of

facing decked courtyard is

INSIGHT B y LU CY B L AD E N

Shelley Craft and Chris Kohler co-host a new show for a nation hungry NICHOLAS WILSON

for property knowledge.

Keeping watch on the market

lmost three years ago, smashed avocado and home ownership became inextricably linked. A column by social commentator Bernard Salt, in which he suggested young people could better save for a deposit if they stopped buying smashed avocado on toast for breakfast, kicked off a national debate around housing affordability, and the smashed avocado meme persists today. For journalist Chris Kohler, co-host of the new Channel Nine show Your Domain, it marked a turning point in his career. Kohler was then a business reporter and the reply he wrote to Salt’s piece catapulted his career into property. Kohler, who is saving for a deposit for his first home, argued that not all Millennials were financially irresponsible but rising prices made it increasingly difficult to take that first step on the property ladder.

In 2017, Kohler was appointed business editor at Domain. He continued to delve deep into financial topics in a subsequent role as a business news presenter on Your Money, and his new role marks a homecoming of sorts. Your Domain airs Saturdays at 10am on Nine. Kohler co-hosts the live program with Shelley Craft and is also reporting for Nine News, covering property and business. “Over the past few years, I have been writing and talking about things from a hopeful first-home buyer’s perspective, but that won’t be all I am doing in this new show,” Kohler says. On Your Domain, Kohler hopes to make complex property topics relatable to those embarking on their respective journeys. “Traditionally, my role as a journalist has been to look at the numbers side of things that do filter through the property market and have an impact on hip pockets –

except the problem with all those factors is people often talk about it in another language,” he says. “People just so often struggle to communicate those big-picture factors like interest rates or basically anything to do with clearance rates or the property market in a way that really lands for people. “I really hope to be able to be someone who can talk about those things in a clear and concise way.” Kohler promises the show will also have a light touch. “It’s a conversation-driven show, and it will be very Saturday morning, if you like,” he says. “We’re aware of the fact that people are rushing around, they have kids to drop off at sports or are on the way to a barbecue, so it’s absolutely not going to be very dense. “It’s a good time to be bringing on a new show like this because of what’s happening in the market right now.

“We have these clearance rates that are incredibly high and buyers seem to be very keen. “The missing piece of the puzzle has been listings – are we going to see them? That’s the big question right now.” Kohler and his wife hope to make their first step on the property ladder soon. “I dream I’ll be able to own a home sometime soon,” he says. “We’re certainly excited about taking the next step and we’re looking for something we can do up a little bit. We’re not afraid to get in and get our hands dirty – watching Shelley all those years on The Block inspired us. “We’re in the process, like so many first-home buyers are, of trying to build our deposit and trying to find houses we like, and keeping an eye on listings on Domain, of course.” Your Domain airs Saturdays at 10am on Nine.

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WHAT TO SEE THIS WEEKEN D 14

S AT U R DAY

S U N DAY

HAWTHORN EAST 36 Currajong Road $2.3 million-$2.5 million

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

This builder’s own residence has been reshaped, rebuilt and restyled for 2019 and beyond, creating a seductive glossy magazine interior behind the pretty lace-trimmed verandah of a Victorian weatherboard. Freestanding on 525 square metres, it has off-street parking, an over-sized main bedroom and a separate garden studio. Up-to-the-minute inclusions will appeal to those seeking a turnkey home in a leafy neighbourhood handy to Auburn South Primary, Bialik College, trams, several parks and Camberwell junction. Auction: 10am, September 21 Agent: Jellis Craig, Campbell Ward 0402 124 939

NORTHCOTE 36 Ryan Street $2.75 million-$2.9 million

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

“Northcote is hot, hot, hot,” says the agent who’s welcoming potential buyers to this well-located family home – formerly a modest bungalow, now a thoroughly modern marvel. The architect co-owner has matched a terrific design with appealing features and quality fixtures to make it “a cut above”, she says. The living area has a wood fireplace, 360-degree glazing (including clerestory windows, sliders and louvres), bespoke joinery, Carrara marble kitchen with butler’s pantry and a covered deck alongside. Expressions of interest: close 5pm, September 24 Agent: Nelson Alexander, Janine Ballantyne 0400 182 710

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C o m p i l e d b y JACQ UI HAM M E R TO N

ARMADALE

LAST WEEKEND

23 Huntingtower Road $2.7 million-$2.9 million

Clearance rate

2 Open your camera and

hover your phone over

the app code to see the listing

Downsizers are among the obvious buyers for this single-level villa unit, offering privacy, security, formal and

Source: Domain Group

informal living and a short stroll along

What the agent says

its tree-lined street to the tram and Armadale’s cafe hub. The 1997 Gleneagles build has a sensible floor plan that factors in a quiet study. Auction: 10.30am, September 21 Agent: Marshall White, Rae Tomlinson 0418 336 234

Peter Stephens

Nelson Alexander

As always, welllocated period homes with great orientation to natural light are showing to be good buying in the early spring market.

CARLTON NORTH 967 Rathdowne Street $1.6 million-$1.76 million

Highest sale

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

BLACK ROCK

Open your camera and

Karami is an art nouveau treasure at

30 Fourth Street

hover your phone over

the quiet north end of Rathdowne

$3.6 million-$3.8 million

the app code to see

Street. Its facade has gorgeous leadlighting across the bedroom bay

the listing

window and front door. “The bones of

$4.7 million TOORAK

11 Kent Court WOW FACTOR

Three-

bedroom home in a prime pocket close to prestigious schools. Sold by Marshall White.

square metres to focus on family with

the house are very good,” the agent

A modern Mediterranean makeover

a games room, open-plan living/dining

says. “It’s very ornate, has beautiful

took this crisp white bayside

and curved built-in bar, Vergola-

proportions and is on a large block for

residence into the third phase of its

covered terrace with outdoor kitchen

a single-fronted, with a good lane at

life, justifying capital and emotional

and TV, a putting green and sparkling

the back. It’s comfortable and there’s

investment in its enviable location.

spa and pool with a Perspex side.

scope to create something special.”

The beach, Black Rock village shops

Auction: 2.30pm, September 21

Auction: 10.30am, September 21

and schools including Beaumaris

Agent: Buxton, Romana Altman

Agent: Collins Simms,

Secondary College are nearby. The

0414 804 270

Andrew Simondson 0412 999 128

generational property uses its 953

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A DV I C E

B y DANIE L B UTKOVICH

What to ask when buying a new unit

Who is the developer? The developer is generally the owner of the land being developed, and may contract architects for design, builders for construction and consultants to oversee the project. Larger developers often handle the entire process in-house. The people and companies involved will have a major effect on the quality of the finished product, and buyers should investigate everyone tasked with delivering the project, according to Adam Sparkes, general manager at McGrath Projects. “Look at the directors behind the companies,” he says. “What’s their experience? What’s their CV like?”

FRANK MAIORANA

hen you buy an apartment, you don’t just buy a home. You also buy a share of the building itself and the land it’s on. Buyers unfamiliar with the intricacies of strata may not understand the gravity of that purchase, and what it can mean down the track if something goes wrong. The recent defects scandal has highlighted the need for increased diligence among new apartment buyers, and the importance of choosing a developer capable of delivering what they promise. Buyers now need increased awareness about what they’re buying and who built it to avoid facing hefty repair bills in years to come. Purchasers should ask about the developer’s process for quality control, according to Colliers International residential managing director Peter Chittenden. “Do they have an external consultant to manage the builder? What is their process when they have to pay the builder to ensure that the work is done properly?” Buyers should ask the developer about their customer service after completion, Chittenden says. “If there are any issues with defects or any issues with the building, how are they going to handle it and what’s their approach for making sure everything is as smooth as possible?”

“It just reinforces the importance of buying from developers that have a good track record.” - STUART PENKLIS Buyers should look for consistency in the project team throughout development, Sparkes says. “Having a named architect involved will add some credibility to the design. But sometimes the named architect might come up with concept and then a lesser-known architect may take over.”

What’s their track record? Buyers should quiz developers about their previous projects, and if a developer is forthcoming it’s often a good sign. “Most developers that have a good track record would be proud of their past achievements,” Sparkes says. A developer’s portfolio provides the best indication of how a new

apartment will turn out, according to Mirvac head of residential Stuart Penklis. “One of the most important things is to go and physically inspect their early developments to see if reality matches the promise,” he says. Buyers should also talk to owners and building managers of existing properties built by the developer to understand the quality of their past projects. “Most important is what has been the purchaser’s experience postsettlement in dealing with the developer with issues that may arise,” Penklis says. “There’s always going to be minor items that come around with any new building that need to be rectified. The true test of the quality of a developer is the way in which they respond and deal with those items.” What’s their reputation? Well-regarded developers’ names are often used in the marketing of established properties. “If they reference that it’s been built by a particular developer, it’s a pretty good sign that developer has a good reputation,” Penklis says. “If it’s difficult to work out who built the building, that would raise questions why the developer hasn’t

been proud to attach their name to a past project.” Buyers seeking certainty should avoid first-time developers, Chittenden says. “I don’t think you want to be with a developer that hasn’t undertaken work before,” he says. “That would be the biggest risk.” Affordability and convenience means well-located apartments will continue to prove popular for a wide variety of buyers. Despite several high-profile incidents, major problems are rare. “If we compare our construction methods in Australia on a worldwide stage, we do have very strict guidelines to ensure our buildings are built to a very high standard,” Sparkes says. Increased scrutiny on the construction sector has meant buyers have become more educated and expect a quality product, Penklis says. “It just reinforces the importance of buying from developers that have a good track record.” Daniel Butkovich is Domain’s National Advice Editor. Want to know more? Get the inside word at domain.com.au/advice

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OPEN THIS WE E KE N D 14

S AT U R DAY

Address

Beds

Sat Sun Price $000s

Agent

AUCTIONS Houses and Apartments *

Address

Beds

S U N DAY

Sat Sun Price $000s

Agent

MOONEE PONDS 66 Clarinda Rd

15/659 Victoria St*

3BR

1.00

1M-1.1M

Biggin & Scott

LG03/11 Shamrock St*

2BR

11.00

450-480

Biggin & Scott

ALBERT PARK

6BR

11.00

1.4M-1.5M Nelson Alexander

15 Barrett St

2BR

11.30

POA

RT Edgar

4/123 Beaconsfld Pd*

3BR

12.30

POA

Marshall White

4 Cambridge St

3BR

12.30

POA

Marshall White

6 Tower Ct

3BR

10.30

POA

Marshall White

2BR

1.00

1.4M-1.5M

Noel Jones

10.30

POA

MW ONE

3BR

1.00

POA

Fletchers

2/23 Washington St*

3BR

11.30

POA

Marshall White

3/159 Alexandra Av*

2BR

2.00

POA

Jellis Craig

4 Martin Ct

3BR

2.00

NPD

Kay & Burton

4BR

10.30

POA

Marshall White

4BR

12.00

1.2M-1.32M

Woodards

74 Durham Rd

4BR

3.30

1.35M-1.45M

Woodards

TOORAK

2BR

2.30

450-490

Woodards

ORMOND PORT MELBOURNE 1BR

10.30

POA

MW ONE

WINDSOR 47 Mcilwrick St

ASHBURTON

Agent

1BR

67 Hobart Rd

36/4 Seisman Pl*

Sat Sun Price $000s

SURREY HILLS

ARMADALE

45 Nicholas St

34/340 Beaconsfld Pd*

26A Innellan Rd*

8/24 Holloway St*

Beds

ST KILDA WEST

MURRUMBEENA ABBOTSFORD

Address

WEEKEND OPEN FOR INSPECTIONS Houses and Apartments *

TheEighth.com.au

BEAUMARIS 16b Agnes St*

4BR

10.30

POA

Marshall White

19 Bodley St

4BR

10.30

POA

Marshall White

BLACKBURN

ALBERT PARK

A limited opportunity.

173 Mills St

4BR

11.00

NPD

Greg Hocking

3BR

11.00

POA

Marshall White

3BR

12.00

POA

Marshall White

4BR

1.30

3.6M-3.8M

Buxton

3BR

2.00

3.9M-4.29M

Follett & Co.

4BR

9.45

44 Glyndon Rd

4BR

4.00

POA

Fletchers

6 Trafalgar Rd

5BR

1.00

POA

Jellis Craig

2BR

3.00

2BR

2.00

NPD

Collins Simms

4BR

10.00

POA

Marshall White

6BR

1.30

1-4/36 Auburn Rd*

8BR

3.00

POA

Jellis Craig

36 Auburn Rd

8BR

3.00

POA

Jellis Craig

4BR

2.00

POA

Jellis Craig

5BR

10.45

POA

Marshall White

ARMADALE

38 Clifton St

4BR

12.00

990-1.08M

Woodards

46 South Pd

2BR

2.00

POA

Woodards

23 Huntingtower Rd

47 Williams Rd

3BR

11.00

860-940

Woodards

BEAUMARIS

20 Budd St

4BR

2.30

POA

Marshall White

4/23 South Rd*

3BR

11.30

POA

Marshall White

BRIGHTON

18/495 Balcombe Rd*

BLACK ROCK 30 Fourth St

CANTERBURY 62 Wattle Valley Rd

5BR

10.00

POA

BRIGHTON

Marshall White

40 Black St

CARLTON 3/150 Station St*

2BR

12.30

NPD

BRUNSWICK

Collins Simms

190 Barkly St

CARLTON NORTH 534 Station St

2BR

11.00

1.2M-1.3M Nelson Alexander

CARNEGIE 117 Oakleigh Rd

3BR

1.00

POA

Jellis Craig

3 Acacia St

3BR

1.30

1.3M-1.43M

Woodards

CARLTON 170 Canning St

EAST MELBOURNE 9/53 Powlett St*

0BR

10.00

400-440

Biggin & Scott

419 Well St

2/19A Dickens St*

2BR

11.30

NPD

Wilson

2BR

11.30

POA

MW ONE

ELWOOD 20 Docker St

ESSENDON 50 King St

FITZROY NORTH 4BR

11.00

2.3M-2.4M Nelson Alexander

214 Park Street

FITZROY 14 Cecil St 50 George St

3BR

11.00

1.87M-2.05M Nelson Alexander

12BR

12.00

4.2M-4.5M Nelson Alexander

GLEN HUNTLY 4/8 James St*

3BR

11.00

880-960

Woodards

GLEN IRIS 18 Valley View Rd

5BR

12.00

POA

Jellis Craig

46 Osborne Av

4BR

2.30

POA

Jellis Craig

51a Rosedale Rd

3BR

11.00

NPD

Noel Jones

9 Hillcrest Rd

4BR

12.30

POA

Marshall White

Three and four bedroom residences in the heart of the Domain Precinct, from $1.95M to $4.65M.

1 Brand St

4BR

12.30

POA

Marshall White

27 Teddington Rd

5BR

12.00

NPD

NickJohnstone

HAWTHORN 501/157 Burwood Rd*

2BR

12.00

POA

MW ONE

518 Glenferrie Rd

5BR

1.30

POA

Marshall White

4BR

12.00

POA

Jellis Craig

MALVERN 16 Bonview Rd

4BR

10.30

POA

Marshall White

2a Cressy St

4BR

11.00

POA

Jellis Craig

42 Dixon St

4BR

1.00

POA

Jellis Craig

MALVERN EAST 10 Durward Rd

4BR

11.00

POA

Jellis Craig

11 Forster Av

4BR

12.00

POA

Jellis Craig

14 Hilda St

3BR

11.00

POA

Jellis Craig

3BR

2.30

POA

Marshall White

Enquire for a private appointment this weekend. Damon Krongold 0418 850 757 Peter Kudelka 0418 319 439

36 Currajong Rd

KEW 21 John St

@TheEighthMelbourne

MALVERN EAST

198 Page St

5/6 Arnott St*

Developed and built by Crema

2BR

10.30

POA

MW ONE

3BR

1.30

POA

Marshall White

2 Lang Ct

4BR

12.00

POA

Marshall White

3BR

10.00

POA

Marshall White

3BR

2.00

1.8M-1.9M

Hocking Stuart

3BR

12.15

POA

Marshall White

4BR

11.00

POA

Jellis Craig

1.8/193 Domain Rd*

3BR

11.00

POA

Marshall White

1/23 Millswyn St*

3BR

11.00

POA

Marshall White

26 Cunningham St

4BR

2.00

NPD

RT Edgar

1107/250 St Kilda Rd*

MIDDLE PARK 2/288 Richardson St*

MONT ALBERT 1/30 York St*

RICHMOND

3/22 Bosisto St*

2BR

1.00

650-700

Biggin & Scott

52 Davison St

3BR

12.00

POA

Jellis Craig

26 Clifton St

55 Lyndhurst St

3BR

11.00

POA

Jellis Craig

SOUTH YARRA

78 Neptune St

2BR

11.00

1.1M-1.2M

Biggin & Scott

9 Corsair St

2BR

12.00

850-900

Biggin & Scott

SOUTH MELBOURNE 2 Little Boundary St

3BR

10.30

POA

RT Edgar

7 Howitt St

3BR

1.30

POA

Marshall White

4/33 Neptune St*

TOORAK 11 Tashinny Rd

4BR

1.30

POA

Marshall White

46 Hopetoun Rd

5BR

3.00

POA

Marshall White

3BR

11.30

POA

Marshall White

WEST MELBOURNE

ST KILDA

MONT ALBERT NORTH

15 Millewa Av

MELBOURNE

SOUTH YARRA

MIDDLE PARK

2M-2.2M Nelson Alexander

HAWTHORN

HAWTHORN EAST

HAMPTON

12 Robinson St

1.2M-1.3M Nelson Alexander

CLIFTON HILL

ELWOOD 5/360 Barkly St*

1.8M-1.98M Nelson Alexander

CAMBERWELL

2BR

12.30

575-625

RT Edgar

468 William St

*Denotes unit / townhouse / apartments

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ALBERT PARK

GREG HOCKING HOLDSWORTH

ExPrESSIonS oF IntErESt CloSE MondAy 16 SEPtEMbEr

173 Mills Street, Albert Park An exceptional domain, this stunning three or four bedroom residence showcases an irresistible blend of period elegance and designer contemporary style within an intelligently zoned family focused floorplan. Appointed with the finest fittings and fixtures, features include a streamlined Miele kitchen, open plan living and dining plus a salt water, gas heated pool. Land size 415sqm approx. www.173millsstreetalbertpark.com.au

Albert Park 8644 5500

A4 B3 C2 For Sale Price EOI close 16 Sept at 5pm Inspect Sat 11-11.30am Contact Simon Gowling 0422 234 644 Greg Hocking 0418 329 961 Max Mercuri 0431 043 723

greghocking.com.au

hockingstuart.com.au

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ARMADALE

The Art of Fine Living; often desired but �� perfection across luxury and lifestyle — 26 Spacious Residences by Carr Design Stunning city views From $959,000 to $7,500,000 — For more information call Ross on 0410 160 151 Register now 835high.com.au

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BALWYN - BEAUMARIS

Home of 6 million Australians each month That’s a lot of potential buyers.

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BLACK ROCK - BRIGHTON

4 B 4 b 2+ c1S

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40 Black Street, Brighton

3.5

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EOI

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offers

INSPECT

Sat & Sun 2-2:30pm

expansive formal lounge and

dining, enormous family/meals, marble Miele kitchen, all beds with ensuites, courty t ard, and double garage. ty follettco.com.au

CONTACT

Mon 5-5:30pm Justin Follett Brett Graham Kate Schuster

0405 996 822 0417 766 777 0410 587 286

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ELWO ODPARK.COM.AU

Elwood 84 Ruskin Street

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Beautifully appointed 3 bedroom townhome with private elevator & double basement car accommodation. generous living area with fireplace private entertaining courtyard spacious kitchen with gaggenau appliances marble finished bathrooms

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HAWKSBURN - HAWTHORN

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kayburton.com.au

HAWTHORN

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83 Lisson Grove 5

Period elegance that has flourished since 1880 and the contemporary excellence contributed by a 2013 renovation by esteemed architect Neil Clerehan are brilliantly, beautifully combined throughout WYNSTAY. In a residence that’s recognised for its spaces and revered for its style, the character of refined formal rooms is complemented by the light-filled ease of informal proportions and a magnificent kitchen featuring a butler’s pantry. Above, five bedrooms of unlimited luxury share two sublime bathrooms, including the main bedroom´s ensuite. Two additional bathrooms, zoned heating and air-conditioning, plantation shutters and 3 phase power accompany a fabulous home further enhanced by the flexible lower level’s retreat/theatre, gym, wine cellar and storage. A separate billiards room, solar/gas heated pool, travertine terrace, BBQ bench, external fire-place, lift access to all floors and and 3 car garage add to - but by no means conclude - the attractions of WYNSTAY, moments from leading schools, Glenferrie Road and transport. Private Auction: Tuesday 17th September View: By Appointment Saturday 1.00-1.30pm Video Journey: vimeo.com/353910483 Contact: Jock Langley 0419 530 008 Simon Curtain 0405 385 285 Emma Pierson 0409 182 310 Office 9864 5300

abercrombys.com.au

The epitome of excellence. • 2 Bed and 2 Cars from $1,065,000 • 3 Bed each with 2-3 Car Private Garage from $1,450,000

Daracombe pairs dignified and inspired architecture with immaculately appointed interiors, forming a collection of 18 truly exemplary residences. 7 Daracombe Avenue, Kew daracombekew.com.au | Stephen – 0418 766 997

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MALVERN

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kayburton.com.au

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SOUTH YARRA - ST KILDA

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Home of 6 million Australians each month That’s a lot of potential buyers. 4 B 2 b 2 c1s

Australia’s home of property. 32

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C OA S T

C O U N T RY

B y K ATE NAN CARROW

DRYSDALE 235 Whitcombes Road $2.6 million

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

Murradoc Lodge is on a high point outside Drysdale, has views up Port Phillip Bay to Williamstown, and is within commuting distance to Geelong and Melbourne. The 4.32-hectare property has a large, period-style house, with verandahs on two sides, a pool and stables. Set at the

MACEDON

RED HILL

end of a long drive, the house

111 Mount Macedon Road

125 Red Hill Road

has a large living room and

$2.25 million-$2.4 million

$1.7 million-$1.8 million

separate dining room, both with bay windows. A rumpus

Open your camera and hover

room is near the children’s

your phone over the app code

bedrooms and also has a bay

to see the listing

Open your camera and hover your phone over the app code

This recently renovated

to see the listing

window. The main bedroom

Cawdor is a long white house

is at the far end of the house

with 10 sets of double doors

house is surrounded by four

views and on 3785 square

walls. The long open-plan

and has a walk-in wardrobe

that open to verandahs.

hectares of grounds.

metres. The three-bedroom

living area ends in a large

and an en suite.

Large central living areas

Private sale

house’s smart grey and white

kitchen that has a servery

Private sale

provide a huge entertaining

Agent: Circa Heritage and

exterior is replicated in the

that opens to the large

Agent: McGrath,

space, although smaller,

Lifestyle Property

outbuildings and the interior

outside deck and a spa.

David Cortous 0416 164 336

more intimate spaces have

Specialists,

has a classic look with

Private sale

been delineated using

Sue Gratton 0407 599 559

timber floors and white

Agent: Kay & Burton,

different materials. The

DOM A IN

property has sea and rural

Meg Pell 0403 161 105

COAST & COUNTRY

MANSFIELD | VIC I EO

485.3 Hectares - 1,200 Acres

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COAST & COUNTRY

eldersrealestate.com.au BREWSTER AUCTIONS’ VIC | 430.54 HA / 1,062 AC TO WESTERN FREEWAY

‘JALOMA’ Echuca Aggregation, VIC | 394.6 HA / 974.3 AC

Prime Breeding and Fattening Country

TO WESTERN FREEWAY

OPTION TWO 114 HA/281.7 AC

• Aggregation comprises of 394. 6 ha/974.3 ac ideally situated just 7 km south of Echuca. To be offered as a whole or in three separate parcels • ‘Jaloma’ 123.9 ha/306 ac modern 4 bedroom homestead set amongst established lawns and gardens, undercover cattle complex, laser levelled irrigation with recycle system, 12 paddocks, electric fences • ‘Jaloma West’ 93.9 ha/ 232 ac presenting a 2015 built 3 bedroom home, secure machinery/shearing shed with adjoining yards, hay shed, cattle yards • ‘Jaloma South’ 176.7 ha/ 436 ac, all arable, laser levelled irrigation fields with recycle systems, drainage diversion licence, machinery and hay shedding, cattle yards, a quality mixed farming property with excellent pasture and cropping history • 292.3 ML Goulburn 1A High Reliability and 128.2 ML Low Reliability Entitlements will be made available to the purchaser at agreed market rates

2 1

TRAWALLA EAST ROAD

OPTION ONE 126.1 HA/311.6 AC

KAYLEYS LANE

OPTION THREE 190.44 HA/470.59 AC

For Sale

Wayne Eeles 0428 168 567 Matt Horne 0409 355 733 Elders Echuca 03 5481 1000 eldersrealestate.com.au/21251055

CARNGHAM-TRAWALLA ROAD

‘CORALGLEN’ Farm For Sale, Flinders Island, TAS | 377.2 HA / 932 AC

271 Kayleys Lane, Brewster VIC 3352 Auction

Friday 11th October, 2pm Venue Burrumbeet Hall Elders Ballarat 03 5337 9999 Bram Gunn 0400 683 222 eldersrealestate.com.au/21243992 Conjunctional Agent TB White & Sons Tom Madden 0497 775 055

• • • • • • •

Productive, fertile, flat farmland 32 paddocks, excellent fencing, multiple dams Central laneways Good pasture base Good fertiliser history Average rainfall 700mm 3 stand woolshed, 3 bay machinery shed, large lock up workshop • Good livestock handling facilities • Tidy 3 bedroom home with sunroom and garage

eldersrealestate.com.au Wirrilla / Georgetown District, SA | 1,020 HA / 2,521 AC West Bundaleer Hills Outstanding Grazing and Cropping

Expressions of Interest

Close Wednesday 16th October, 2.00pm Inspection by appointment only Information Memorandum available Nick Redden 0498 211 109 Elders Jamestown 08 8664 2300 eldersrealestate.com.au/21110963

RLA:62833

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RE289FR&A

To be offered as a whole. • Approx. 12 km East of Georgetown • Approx. 360 ha arable, mainly undulating fertile red brown and dark loamy soils rising to excellent open soft grazing hills • Reliable rainfall of 520 mm, excellent water supply, mixture of bores, wells, dams and natural springs • Quality fencing mostly renewed in the last 18 years • Improvements 4 bedroom home, 4 stand shearing shed and more A rare opportunity to acquire an outstanding property of this size in the tightly held Georgetown district. The property is renown for its high yielding wool and prime lamb production.

Tender

Closing Wednesday October 23rd, 5.00pm Inspections by Appointment Michelle Hirchfield 0409 151 799 Michelle.Hirchfield@elders.com.au Elders Tasmania eldersrealestate.com.au/5856068

RE288FR&A

To be auctioned in 3 lots 1. 126.1 ha (approx. 311 ac); Six paddocks; Brick home; Sheep handling Facilities; Hay and Sundry Shedding; Suited to Cropping/Grazing. Irrigation bore with 100 hp Diesel Motor 2. 114 ha (approx. 281 ac ac); One Main Paddock with Spring Hill Creek Access; Regular Fertiliser and Lime History. Approx 250 ac of Wheat sown for 2019/20 Season 3. 190.44 ha (approx. 470 ac); Seven paddocks with Spring Hill Creek Access; Suited to Cropping/ Grazing. Approx 180 ac of Canola sown for 2019/20 season

COAST & COUNTRY

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Rural The Spring Carnival’s Best Bet ‘Candide Equine’, 26.70ha* (66* acres), Officer South, Victoria Thoroughbred and equestrian training facility. 2,600m* ‘post and rail’ sand track. 24 box stable complex with Aquaciser. Office complex, 11 day boxes and parade ring. 13 day yards, 13 paddocks with troughs. Nestled between Pakenham Racing Club and Cranbourne Racecourse. Adjacent Officer residential PSP.

Auction 11 October 11am Level 17, 40 City Road, Southbank, Victoria View By appointment Jason Hellyer 0403 043 571

raywhiteruralvictoria.com.au

*approx.

Australia’s home of property.

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GROUP ONE ADDRESS On course for style

Mo der n Home s

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HERITAGE EFFECT

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DESIGN BY THE BOOK

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A life of distinction in Toorak The Mill â&#x20AC;&#x201C; Residences of Toorak introduces new standards of luxury, liveability and amenity with a boutique collection of fifteen lavish apartment residences and seventeen elegant terrace homes â&#x20AC;&#x201C; with a wealth of luxury inclusions. For further information visit our stunning full size onsite display apartment.

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C OV E R S T O RY B y K ATE J O N E S

At a glance Feehan Row, Moonee Valley Park McPherson Street, Moonee Ponds Architect: Rothelowman

Backing a winning formula

hey may be places where bets are made on fast horses, but ask any punter and they’ll tell you – Melbourne’s racetracks are primarily places to socialise. Whether it’s swapping tips from the form guide or delighting in the fashions on the field, a day at the races is a day spent chinwagging and mingling. So, it’s only fitting that the ability to connect is respected in the design of new residences that form part of the $2 billion regeneration of the Moonee Valley Racecourse. The development of what will be known as Moonee Valley Park will see more than 2000 residences built across nine hectares of the Moonee Valley Racing Club’s 40-hectare site. The first stage of the project is Feehan Row, a collection of 67 townhomes and terraces built along McPherson Street. In designing Feehan Row, architects at Rothelowman have drawn inspiration from the history of the racetrack, which dates back to 1883, and the many picnics, family

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Developer: Hamton in partnership with Hostplus and Moonee Valley Racing Club Interior design: Mim Design

days and catch-ups held there over the years. Creating places where residents could simply interact was a primary objective, said Rothelowman principal Chris Hayton. “We’ve seen a loss of those spaces in residential, particularly terraced houses, in recent years in Melbourne,” he says. “So, what we’re keen to do is re-establish those semi-public, semiprivate spaces where people actually meet their neighbours, more transitional thresholds from public to private space, not just a front door. “I don’t think it happens a lot now because we haven’t designed houses that facilitate it. We have these very abrupt thresholds in more contemporary housing where you walk off the street through the front door. There’s no place to choose to stop and linger.” Hayton and his team zeroed in on the front gardens of the townhomes as places where neighbours could meet and greet, and children could play.

“Feehan Row looks at the use of front gardens as opportunities to integrate landscape that’s consistent with the bigger picture vision, but also to provide places for people to interact with their neighbours,” he explains. “We want the houses at Feehan Row to provide those opportunities for social interaction with the neighbours and foster that feeling of community as much as we can. “It’s a very particular piece of the design to create houses that have a certain generosity that’s been missing and that generosity is about giving back in the broader context and providing those spaces that modern cities are losing, those little pieces of the puzzle that builds communities.” Feehan Row is named after Feehan’s Farm, owned by the Feehan family, who sold the farm to William Samuel Cox in 1883. Cox established the Moonee Valley Racecourse and his namesake race, the popular Cox Plate, was first

Number of residences: Feehan Row: 67 homes and terraces Internal sizes (sq m): Two-bed 127, three-bed 127-270, four-bed 213-270 External areas (sq m): 12 to 60-plus Prices: Two-bed $860,000; three-bed $960,000-$1.5 million; four-bed $1.66 million-$1.76 million Car parking: Most homes have a private double garage Completion estimate: Mid-late 2021 Agent: Hamton, Tracey Bradshaw 0413 282 999, 360 Property Group, Campbell Royston 0417 369 818 Open for inspection: Display gallery at Thomas Street, Moonee Ponds (enter via gate 10) open Wednesday, Saturday and Sunday 11am-3pm

“On every job that we work on, if there’s historical relevance we really love to dig and delve into that.”

staged in 1922. Legendary winners of the Cox Plate include Phar Lap, Kingston Town, Rising Fast, Dulcify, Might and Power, Makybe Diva and Winx. The next chapter of the site, which is a joint venture between developer Hamton and superannuation fund Hostplus in partnership with Moonee Valley Racing Club (MVRC), will not only see racing continue, but it will also allow the MVRC to invest in construction of a new grandstand and racetrack. While the redevelopment will see a wealth of new buildings and parks, including Tote Park, heritageinspired elements will be everywhere residents look. With a subtle touch, interior designers Miriam Fanning and Lisa Ransom from Mim Design have embraced the racetrack’s history. “On every job that we work on, if there’s historical relevance we really love to dig and delve into that because it’s really important,” explains Fanning. “It’s what makes our suburbs interesting places in Melbourne.” Gentle nods to stables and horse racing can be found throughout the interiors, giving Feehan Row residences a character unlike other homes on the market.

FIVE ICONIC MELBOURNE REDEVELOPMENTS Metro tunnel The much-anticipated $10.9 billion rail tunnel, above, will stretch from the Domain on St Kilda Road through the CBD and into North Melbourne via Parkville. Set to open in 2026. Amcor Paper Mill Alphington’s old paper mill will be replaced by the YarraBend development, a masterplanned community sitting on 16.5 hectares with Yarra River frontage. Home to 1500 new dwellings once complete. Nylex clock and Cremorne’s malt

“We wanted to herald the valley in terms of the interiors so we looked at a lot of detailing in our interiors referencing the idea of a stable and equine elements,” Ransom says. “We wanted bright open spaces, which is what you would expect of stables, with high ceiling heights and

also, in terms of detailing, we looked at things like vertical strapping in the robe joinery and framework around it, and in the bedhead details.” The townhomes and terraces feature basement garages and living spaces on the ground floor. The kitchen is at the heart of the ground floor plan, but Fanning says the design of each residence is deliberately different. “It’s not a cookie-cutter floor plan, which is really lovely because it gives people choice,” she says. “Design diversity is really important and so is making sure that things are designed for the long haul, not the short, quick sell-it-and-get-out. “There’s a lot of care that’s been taken into thinking long term about the site and what the residents want, how they’ll be able to live and what they can achieve by living in such a great area.”

district The site will soon be home to a new community, known as the Malt District. The redevelopment will see the majority of the historic silos remain at the site and the Nylex clock restored. Queen Victoria Market A $250 million five-year restoration program is underway and includes plans to revamp the site’s 140-year-old sheds. Melbourne Park A $972 million transformation of the sporting precinct will see more open space and shade, more seats and improved links to public

The exteriors are not only stylish but are designed

transport and the city.

to encourage neighbourhood interaction.

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MODERN HOMES B y K ATE J O N E S

At a glance Balwyn Park 7 Cherry Road, Balwyn Architect: DKO Architecture Developer: Eversun Group Interior design: Mim Design Number of residences: 12 three-bed, two-bath Internal sizes (sq m): 128-165 (ground floor 140-

Curvaceous nod to Balwyn’s past

alking around the well-to-do streets of Balwyn, it was clear to architect Jesse Linardi that the influence of art deco still had a part to play in the suburb’s future. Elegant curved walls are the most striking feature of his design at Balwyn Park, a new low-rise apartment development just off Whitehorse Road.

edges and ties in with local architecture.

Artist Impression - Lookpast

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two 131) External areas (sq m): 11-184 (ground floor garden 50-184, level one 11-24,

Linardi, design director at design firm DKO, says the use of bricks and rounded walls pays homage to the local architectural beauties of the 1930s while also removing hard edges. “What we always try to do when we start these projects is look for local cues and what we found in the local streets is there’s a lot of art deco buildings and a lot of art deco detailing with curved features on the corners of the buildings,” he explains.

The dramatic use of curves softens

165, level one 128-151, level

level two 47-81) Prices: Three-bed $1.5 million-$2.6 million and penthouse $4.15 million Car parking: Two car spaces each, additional spaces are available for purchase Completion estimate: November 2020 Agent: Marshall White, Stephen Edwards 0418 766 997

JAMES BRAUND PHOTOGRAPHY

Coburg’s collective chic

Architect Jesse Linardi embraces the local ‘architectural vernacular’.

“So the curves at Balwyn Park do two things – soften the built form so it’s not so boxy and provide a subtle reference to the local art deco architectural vernacular. “It’s almost like taking your hat off or shaking someone’s hand when you step inside and it’s not overt, a lot of people wouldn’t even realise, but it’s a way of us paying respect to the streets.” Before handing the project to Linardi and his team, developer Eversun Group had a permit for a

different design. Eversun requested a new creation that would take full advantage of the nearby greenery at Balwyn Park. “The original design was basically not, in our opinion, meeting the aspirations of the client, but also the opportunities of the site in the way it was orientated with the outlook over the park,” Linardi says. “So they came to us to start again and to rework the permit into a new permit.” The result is 12 three-bedroom apartments with generous layouts of up to 165 square metres. Floor-to-ceiling glazing creates a welcoming space in the lobby, which is decorated with natural stone flooring. Full-length windows also grace the stair core, making it another open and light-filled communal space for residents. Apartment entries have lots of luxurious additions including inset carpet, timber veneer doors and custom gold mirrors. Inside, the apartments have been stylishly fitted by Mim Design, while landscape designer Paul Bangay has overseen the gardens. Balwyn Park is just 120 metres from the shops of Whitehorse Road and 500 metres from the Palace Balwyn Cinema. Construction is scheduled for completion in November next year.

new collection of apartments and townhouses is making its way to Sydney Road, Coburg. Designers behind Coburg Collective say they are drawing on the north’s industrial past and chic present to channel a sophisticated style. Architects and interior designers at Hayball have worked on the entire project and collaborated to benefit the exterior and interior. Senior interior design Jun Huh says the cohesive approach has meant it is light-filled throughout. “The architecture brings all the light into the basement, a communal area with a big beautiful swimming pool, lounge area and gym area that is linked to the ground area with a lobby and a library,” he says. Coburg Collective will include a new urban plaza and public laneway. Developer Ruiyi Wisdom Dwellings have introduced these shared spaces in collaboration with architects and interior designers at design firm Hayball to address what it sees as a lack of open areas in the locale.

At a glance Coburg Collective 200 Sydney Road, Coburg Architect: Hayball Developer: Ruiyi Wisdom Dwellings Pty Ltd Interior design: Hayball Number of residences: 156; 21 one-bed, 107 twobed, 24 three-bed, four four-bed Internal sizes (sq m): Apartments; one-bed 5174.8, two-bed 79.6-110.8, three-bed 98.7-146.8, four-bed 141.6-169.1 External sizes (sq m): One-bed 9.5-18.1, two-bed 9.4-38.5, three-bed 13.499, four-bed 32-64.6 Prices: Apartments from $388,000 Car parking: One space for one and two-bed, two spaces for three-bed Completion estimate: 2021 Agent: CBRE, Chad Arbid

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ELEGANT 1, 2 & 3 BED APARTMENTS. NOW SELLING FROM $445,730. Visit our display suite today. 2 Bowen Crescent, Melbourne. To book an appointment, please call Nancy Hu 0488 181 508. Developer

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CIT YSCAPE O p i n i o n b y TIM G U RN E R

Market sense and sensibility

esson number one of university days (one of admittedly not many for me, a terribly restless student) was that prices respond eventually to one fundamental economic concept – supply and demand. I feel strongly that in today’s environment, our prices and sentiment are influenced less by simple supply and demand fundamentals, but more by the constant state of government and banking regulation and intervention, swinging the proverbial pendulum from go to whoa. Even I find myself making moves with trepidation, distracted by the hype and white noise. I admit, even with an ear to ground, surrounded by the best minds and intel in the

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market, it’s genuinely difficult to block out the relentless barrage of “bust” and “over-supply” talk, which has been speculated about daily and even hourly in the past three years. As developers in one of the most liveable cities in the world, we have to try to ignore the fear-mongering, media beat-ups and agent-hype creating a false sense of the market. The government, developers, consumers and authorities alike need a reminder to look more closely at the fundamentals of our market, which remain incredibly strong, and resist being distracted by what gets votes or sells papers. The facts are black and white – our housing market is not oversupplied, but we are over-regulated and under-

prepared for our city’s population growth, which shows no signs of slowing. There may be pockets that have been over-developed with the wrong product but, generally, as a city we are under supplied.

Meanwhile, the number of abandoned residential projects in Melbourne from December 2017 to December 2018 surged 20-fold from 1743 to 34,126, according to the Urban Development Institute of

“Even I find myself making moves with trepidation, distracted by the hype and white noise.” Melbourne is adding 327 people every day with 120,000 last year and 460,000 in the past three years, ABS data shows. It’s also pegged to overtake Sydney to be Australia’s largest city within the next six years.

Australia. The UDIA also shows building approvals have fallen 20 per cent year-on-year for two consecutive years as the planning system, Australian Prudential Regulation Authority, the royal commission, banking system and Foreign Investment Review Board buyer

LEIGH HENNINGHAM

policy – just to name a few – make development less and less attractive, and for many unviable. Vacancy rates are at record lows of 1.8 per cent according to SQM Research – objectively a rental crisis causing rents to increase at over 2.1 per cent per annum, which can only jump further in coming years as supply dries up. For comparison, a 3 per cent vacancy rate is considered a stable market.

Simply put, when you ignore the hype and look at lesson number one, we are not creating enough dwellings to sustain the perpetual demand from population growth. The Victorian budget and economy relies heavily on the property industry, with over 44 per cent of state budget revenue derived from the property industry and over 24 per cent from stamp duty alone.

A downturn in the property market caused by a too-sharp policy intervention has massive implications for jobs and the overall economy. Only three months ago the Victorian government finally acknowledged a $5.2 billion hole in its budget due to decreased stamp duty revenue. The solution? a) Impose stamp duty on developers under development agreements, creating yet another barrier to supply and further increasing prices for purchasers; and b) Further increase FIRB taxes, despite foreign sales virtually stopping completely following the questionable policy of removing offthe-plan stamp duty concessions and restricting lending to FIRB buyers. I stand by my comments made to the Australian Financial Review back in May, that reductions to interest rates (even down to 0 per cent) alone will not fully revive and restore confidence in the property

market. Until liquidity in the debt market is re-opened, barriers to supply will continue to harm the economy and fail to adequately prepare our great city for further population growth. That said, it appears APRA and the banks are finally taking notice and appear to be in agreement that credit restrictions must be loosened, and quickly. The question is whether “quickly” is soon enough to open supply back up before we head towards a serious rental crisis that forces up rents and, in turn, prices. However, all of this means nothing if we do have a global crisis or recession created by Trump, China, Brexit, Europe or any other macro factors at play currently, which would put huge pressure on our finance and the banking system. This is a great time to be carefully scouring the market for great opportunities. Tim Gurner is owner of GURNER™.

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ON THE BOOKSHELF B y CO RRIE PE RKIN

Take-home design style

f you are renovating or building a home and haven’t employed your own decorating advisor, turn to the next best thing: a beautiful interiors book. We are big believers that a person’s home style can be sharpened and inspired by those glorious tomes that sit in the “Interiors and Architecture” section of your local bookstore. And even if you don’t have a project on the go, the ideas, photos, clever uses of space and materials, and different colour schemes you find inside will inspire and delight. Here are some of our favourites among the current batch of interiors books. mybookshop.com.au

Down To Earth

Nordic Style

By Lauren Liess (Abrams, $49.99)

By Chris van Uffelen (Braun $59.99)

After a decade of over-the-top New York penthouse glam interiors books, American decorators and book publishers are embracing a more relaxed aesthetic. Down To Earth by Virginia-based blogger and decorator Lauren Liess is part of this new mood. Follow Liess’ design journey with six interesting and varied projects.

Clean lines, the use of sustainable materials, pared-down interiors, natural light, and the clever embracing of outdoor life – there are so many lessons Australians can learn from Scandinavia’s architects and designers. This stunning new book by quality publisher Braun features more than 40 extraordinary big and small homes, huts, shacks and apartments.

“The thing about white is that it goes with everything, it is a canvas for life, whoever you are and whatever your tastes.”

Concrete Houses

For The Love Of White

Sean Godsell: Houses

By Joe Rollo (Thames and Hudson, $75)

By Chrissie Rucker (Harper Design, $55)

By Sean Godsell (Thames and Hudson $100)

Joe Rollo is one of Australia’s finest architecture writers. In his beautifully-designed new book, the focus is concrete – the second most consumed substance on Earth – and its impact on domestic architecture. From Portugal to the Blue Mountains, Tateyama in Japan and Camberwell here in Melbourne, Rollo reveals the beauty and adaptability of concrete houses.

“The thing about white is that it goes with everything, it is a canvas for life, whoever you are and whatever your tastes.” For 25 years Chrissie Rucker, founder of Britain’s The White Company, has evolved a design philosophy around the aesthetic that emerges when white is the key shade. Her book celebrates 12 homes with a white theme.

This magnificent monograph celebrates the career of award-winning Melbourne architect Sean Godsell. Described in the publisher’s note as the “pioneer of ‘Australian bush minimalism’,” Godsell has chosen 12 of his most interesting houses and dwellings around Australia for this book. Photographs, hand-drawn plans and sketches accompany each project.

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A village to call home

Located only 6 kilometres from the CBD, East Brunswick Village (EBV) is bringing the best of apartment living to Melbourne’s vibrant inner north. Construction has commenced at this thriving modern community where sustainable development, urban living and home comfort take precedence. EBV is a home with heart, where community is not defined by bricks and mortar but by shared experiences. Amenities on offer to home owners and the wider community include: For home owners

127-149 127-149 Nicholson Nicholson St St Brunswick Brunswick East East

— Roof top amenities — edible garden — vegie gardens — private gardens — BBQ — apiary — children’s playground — Co-working spaces — Library/book exchange — Parcel collection point — Bike storage – 960 spaces

— Secure storage facility — Games room — Tool shed — Electric car charging — Public art — Onsite caretaker — 2300m2 of open communal space — Social club membership — Eco pet wash — EBV is pet friendly

Coming soon for the wider community — Market-style Coles — Café/bar/restaurant strip — Wellness Hub (including medical clinic & pharmacy) — Gym — Dry cleaners — Eco car wash

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NEIGHBOURHOODS / BRU N S W IC K E A S T B y L ARIS SA D U B ECKI

Clearance rate

73% Median price houses

$889,000 Median price units

$494,000 Top sales 1. 224 Glenlyon Road $2.025 million 2. 122 Victoria Street $1.92 million 3. 88 Victoria Street $1.525 million 4. 81 Albert Street $1.45 million LEIGH HENNINGHAM

5. 76 Glenmorgan Street $1.42 million

Use the Domain app codes to see more

ou can leave it to the Census to tell the Brunswick East story. Between 2011 and 2016 the population of postcode 3057 grew from 8476 to 11,504. So where did they all fit? The Census also records a corresponding jump in the number of dwellings from just over 4100 to almost 6000. The apartment boom – because it’s mostly apartments, and they’re attracting a mostly younger demographic of inhabitants – has changed the face of Brunswick East.

Formerly a semi-industrial area with sprawling factories, with the CBD just six kilometres to the south, gentrification was always going to come knocking. The cranes, concrete trucks and high-vis vests have been focused on Nicholson Street north of Brunswick Road, which has resembled a giant construction site for the past few years, and there’s plenty to come. The huge East Brunswick Village, the first part of which is due to be completed in February next year, is

expected to add 1500 more residents and a supermarket and cinema. On a more boutique scale, the Nightingale, on the corner of Nicholson and Miller streets, will replicate the model of affordable, environmentally sustainable development that has already proven successful next door in Brunswick. Brunswick East is big on community. Community radio station 3RRR has broadcast its eclectic mix of programming from the corner of Blyth and Nicholson

streets since 2004. Perched next to the Merri Creek and bike trail, CERES is a landmark environmental education centre that rehabilitated a former tip into a permaculture oasis housing a cafe and plant nursery, organic gardens and many chickens. Brunswick East’s Lygon Street has a booming food and drink scene that eclipses its Carlton end in the cool stakes; look no further than recent arrival The Wood Samaritan, which can safely claim to be the suburb’s first Canadian log cabin bar.

MOVE IN \ BRUNSWICK EAST East Brunswick Village 127-149 Nicholson Street

system, dog wash, electric carcharging stations and tool-shed with space for tinkering, while a rooftop

Transforming the former Sidney

garden with views of the city skyline

Cooke Fasteners site into an urban

boasts vegetable patches, an apiary

village, the design by Jam Architects

and cubby house. Recycled bluestone

uses the timeless appeal of timber,

will line the laneways while reclaimed

brick, steel and glass to fashion a

window frames from the suburb’s old

sustainably-minded development

warehouses will add flavour to the

with an impressive 7.5 NatHERS

ground-floor retail space.

energy rating. A huge list of shared

Private sale

facilities includes a composting

Agent: Banco Group, Jake Eisen 0408 051 785, Nat Eisen 0403 472 204

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