Domain Prestige – July 25

25 JULY / 2018

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

CAPITAL GROWTH Per th’s luxe market bounce s back

B y K ATE FARRE LLY

Mount Waverley Melbourne 6

ALICE S TO L Z

5

$4.8 million-$5.28 million

3

For sale: Offers close August 14 Agent: Barry Plant Mount Waverley, Mario Munafo 0412 305 445 This property is reminiscent of Europe’s grand I’ve always had a deep affection for Western Australia. It’s where my

homes, and is a short walk from shops, schools

husband and I went on our honeymoon and we were moved by the endless

and the station. It features marble and parquetry

open skies and the sharp colours of the landscape. However, then I moved

flooring, a marble and Miele kitchen and two

to Paris and all any French person would fixate on was Sydney. Perth

main bedroom suites. There are both formal and

became somewhat muted in my mind. Moving back home after 12 years, I

informal living spaces, an impressive foyer and a

again visited Perth and was once more smitten, but something had

wine cellar.

changed; people had a different spring in their step. Michelle Ciesielski from Knight Frank sees it too, and in our cover story this week observes, “You can feel the optimism in the air”. Buyer confidence is changing, especially at the upper-end of the property market. And the city itself has a bit of French

Scan the code with the

nonchalance about it nowadays. With all those good looks and a relatively

Domain app to view listing

affordable housing market, it can afford to.

Editor: Jen Melocco Jen.Melocco@domain. com.au Editorial producer: Isabelle Chesher Managing editor: Alice Stolz Senior designer: Colleen Chin Quan Graphic designer: Emma Staughton Group picture editor: Kylie Thomson

HOT PROPERTY

Chief editorial & marketing officer: Melina Cruickshank Residential sales: Queensland Brad McLeod, 0429 571 826 New South Wales Jon McConkey 0407 909 739 Victoria & Tasmania Matthew Maasdijk (03) 9249 5295 Western Australia, South Australia & Northern Territory Jeroen van de Peppel 0427 292 797

PATTERN STUDIO /TERENCE CHIN

DESIGN DIGEST Ready, set, go

PERTH PRESTIGE The boom is back

5 6

Digital edition Visit domain.com.au/ digitaledition

O U R COVE R Mosman Park, WA. Listed by William

NEAL PRITCHARD

LIVING IN Dunsborough, Western Australia

Porteous Properties International.

PAG E 6

2

PR E ST IGE

LUXE LIFE Totally automatic

9 11

Use the Domain app codes to see more of your favourite properties

West Perth Perth 4

$6.5 million +

3

3

For sale Agent: Ray White South Perth, Lisa Mann 0402 089 908 If you can’t decide between a house and an apartment, this two-storey residence on the first floor of Bellevue Apartments delivers the best of both.

It has a landscaped garden and elevated deck, has had an MMA Interiors renovation and showcases the finest fittings and smart-home technology.

Scan the code with the Domain app to view listing

Hawthorne

Manly

Brisbane

Sydney

4

3

Tender 4

4

$6.5 million-$7 million

3

4

Tender: Closes August 16

For sale

Agent: Place Estate Agents Bulimba, Sarah Hackett 0488 355 553

Agent: Clarke & Humel Property, Michael Clarke

Enjoy delightful river and city views from this riverfront character home, set

0402 425 486

on a 1619-square-metre block. Sales in the street during the past 24 months

Architect-designed by Tzannes, this home has lift

range from $5.6 million to $8.6 million.

access to all three levels, a stone island kitchen and landscaped gardens.

Scan the code with the

Scan the code with the

Domain app to view listing

Domain app to view listing

PR E ST IGE

3

J U S T 1 2 E X C L U S I V E O C E A N F R O N T H O M E S I T E S F R O M 727m2 – 2242m2 SELLING NOW

O C E A N F RO N T LU X E with an air of casual sophistication DE SI GN WITHIN

A

YOUR

PRIVATE

HOME

AND

YOUR

OCEANFRON T

LIFESTYLE

GATED

COMMUNITY

One Airlie presents an incredibly rare opportunity to design and build your very own luxury oceanfront residence. Embrace the laid back Airlie lifestyle with vibrant dining delights, retail boutiques and everyday convenience essentials just minutes from your door. Featuring just 12 exclusive and exquisite oceanfront home sites in a private and secure gated community, there is only O n e A i r l i e .

Corner Ocean Road and The Beacons, Port of Airlie, Airlie Beach

1300 849 016

ONEAIRLIE.COM.AU

DESIGN DIGEST

Rad, red hot and ready to read Good design can range from funky chess sets to linens, and bold couches to books. C o m p i l e d b y ISAB E LLE CH E SH E R THE COLLECTIONIST HOTEL It’s impossible to canvas all that makes this Camperdown hotel special. Let’s hope the 10-rooms-each design collaboration between The World Is Round, Amber Road, Pattern Studio and Willis Sheargold, is the first of many. collectionisthotel.com.au

DINOSAUR DESIGNS TABLEWARE How we love the quirky ingenuity of Dinosaur Designs. Their large resin bowls look like precious gemstones hollowed out and polished to perfection, and don’t get PATTERN STUDIO / TERENCE CHIN

us started on those groovy chess sets. dinosaurdesigns.com.au

PAUL SOFA Now

LIVING UNDER THE SUN There’s a reason coffee-table books stocked

that’s what we call red

at In Bed sell out in nanoseconds. And you’ll have to move quickly to snag

hot. This elegant

this gorgeous Gestalten publication, which celebrates the very best of

offering by Vincent

tropical outdoor living. inbedstore.com

Van Duysen is available in a range of configurations, finishes and, yes, colours, but we can’t imagine going past this bland-defying shade. molteni.it/ap

GESTALTEN

PR E ST IGE

5

Prime mover

COVER STORY

Perth’s prestige market is now among the world’s best for price growth on the back of the city’s strengthening economy.

B y SU E WILLIAMS

A

surge in business confidence has lifted Perth’s prestige property market.

In an international study of the luxury housing market it has ranked fourth in the world in terms of price growth between the start of 2017 and the start of this year.

With a 9.3 per cent price increase from the first quarter last year to the same period this year, it’s now behind only Cape Town, Zurich and Geneva in the Prime Global Cities Index Q1 2018, according to research from Knight Frank.

“You walk along the street in Perth and you

6

PR E ST IGE

can feel the optimism in the air,” says Michelle Ciesielski, Knight Frank’s head of residential research Australia. “There are now many buyers upsizing to take advantage of the turn in the market, especially at the prestige end, and many downsizing to prime property.

“In addition, we have investors with property portfolios looking for opportunities to take advantage of the value proposition Perth offers compared with the east coast. And we now feel that it’s very likely the growth in the prestige market will continue for the rest of the year.”

Knight Frank’s Australian Prime Residential Review 2018 found Perth’s prime property annual growth to be 2.8 per cent in the year ending this March. The number of sales of $3 million-plus in the first quarter this year is already 29 per cent of 2017’s sales, which again was nearly 30 per cent higher than in 2016.

The strengthening economy is helping drive Perth’s recovery, agrees Savills Australia WA managing director Graham Postma. “We’ve just commenced our upward swing and we’re now starting to see positive announcements from the

YOUR AGENT William Porteous, William Porteous Properties International

“This is a fabulously renovated home with spectacular panoramic river-to-city views, and has been designed over three separate levels to serve a multitude of family dynamics.”

major resource companies – so there’s employment growth, which means more demand for residential property,” he says.

The top three performing areas of Perth are Peppermint Grove, Cottesloe and Nedlands, but agents throughout the city are experiencing high demand and a shortage of supply. At William Porteous Properties International, which is selling our featured waterfront home, demand is far outstripping supply of prestige property.

“That prestige end of the market is doing very well, from older homes at $6 million to welldesigned newer houses at $15 million,” director Peter Robertson says. “That market is very discerning and there’s high demand for good properties in good locations but, with the lack of supply, if some people can’t find exactly what they’re after, they’re waiting till spring.”

Mosman Park Perth 6

$6.999 million +

4

2

For sale Agent: William Porteous Properties International, William Porteous 0439 880 242

Scan the code with the Domain app to view listing

PR E ST IGE

7

Qualified buyers for premium properties “It’s the readership demographic and national coverage of Domain Prestige and The Australian Financial Review that really makes it a valuable addition to any premium marketing campaign.”

– Michael Kollosche, Kollosche Prestige Agents Broadbeach

Talk to your agent about reaching buyers with Domain Prestige.

LIVING IN

33.6101° S, 115.0973° E

DUNSBOROUGH NEAL PRITCHARD

A warm community and work-life balance are among the drawcards Dunsborough offers. B y K ATE FARRE LLY The locals were understandably sad when the

and a variety of take-home meals. An open

landmark Dunsborough General Store closed its

kitchen means customers can watch while food

doors in 2014 after 90 years of trade: competition

is prepared, or enjoy a Margaret River Roasting

from Coles and IGA supermarkets had left

Company coffee at the communal tables. There

customers thin on the ground and the burgeoning

are also gourmet deli items to buy and

coastal town had outgrown the store’s

homewares to browse.

usefulness.

Thankfully, it wasn’t long however, before the

we’re very happy with the move. The community has been very warm and welcoming,” says Steve. the transparency of our quality. There’s a lot of

beside everyday conveniences, the store has

history in this place, which is quite special and

morphed again under new owners Anna and

adds to the atmosphere.”

year after 12 years in Copenhagen.

Dunsborough 4

3

$1.55 million

2

“We love what we do and we’re really proud of

and stocking locally produced food and gifts

Steve Momsen, who moved to Dunsborough last

Margaret River

“We’re coming up to one year in business and

store was given a new lease of life, reopening in 2015 as Merchant & Maker. Initially serving coffee

YOU MAY LIKE ...

Childhood memories

“My brother lives here and we wanted our kids

Acton South West Dunsborough agent Gavin

to spend some time with family,” says Steve, who

Howlett is another seachanger who has fond

For sale

is originally from Perth. “We didn’t have any jobs

memories of the town from childhood holidays.

Agent: Acton South West Dunsborough,

lined up but I’d been to Dunsborough many times

He moved to the area with his young family in

Gavin Howlett 0428 567 090

for holidays, and I knew it was the type of lifestyle

1997 and quickly fell in love with the “down south”

This eight-year-old Steve Creek-designed home

we wanted.”

lifestyle.

presents as new and is only one block from the

The Momsens wanted a good work-life balance

“There are calm beaches, surfing beaches, it’s

beach, plus a short stroll from shops. There are

with access to nature and the beach and a short

great for fishing,” Howlett says. “It’s changed so

open-plan living spaces, and a feature fireplace

work commute. A qualified chef, who has run his

much since I was a kid, when it only had the

separates living and dining. A well-established

own restaurants and worked at the Australian

general store, a bakery, fish and chips and a

garden has a pond and outdoor kitchen.

Embassy in Denmark, Steve was excited by the

service station.

opportunity to take the Merchant & Maker concept one step further.

He installed a commercial kitchen and the store now makes all of its own breads, dressings, soups

“Now we’ve got supermarkets, clothes shops, surf shops and a pub. It’s still a holiday location

The local beaches are

but with lots of new homes being built because

a major attraction of

Scan the code with the

people want the great lifestyle on offer.”

Dunsborough, in WA.

Domain app to view listing

PR E ST IGE

9

SYDNEY 1401/61 Macquarie Street Exclusively positioned on the prized, north-west corner of the tightly held 14th floor within Quay Grand, offering unsurpassable and intimate views of Sydney Harbour Bridge, Opera House, Circular Quay and north Sydney from every room. Expansive floor to ceiling glass doors throughout boast direct access to an extensive balcony extending the entire width of this luxurious 221sqm apartment. Wrap around living and dining areas flow onto a north west facing undercover outdoor entertaining balcony commanding spectacular views of Sydney´s iconic landmarks. Featuring a gourmet eat in kitchen with breakfast area enjoying spectacular views of the Harbour Bridge, and Opera House. Accommodation comprises of 3 generous bedrooms including an extravagant master bedroom with marble ensuite bathroom, all opening onto the balcony capturing dramatic Sydney Harbour and City Skyline views.

2

3 For Sale View

2

Contact Agent James McCowan 0418 800 400 Michael Pallier 0417 371 522

All information contained herein is gathered from sources we deem to be reliable. However we cannot guarantee its accuracy and interested parties should rely on their own enquiries.

LUXE LIFE

YOU MAY LIKE ...

HOME AUTOMATION

Dover Heights

The future is at your command

Sydney 4

$6.2 million-$6.3 million

5

5

B y S TE PH E N CO RBY

O

ne day we’ll laugh, bemusedly, about how we actually used to do things with our hands, in the same way that we chortle now about how we used to get up to change the channels on the TV. Thanks to a collaboration between Amazon’s voice assistant Alexa and the home-automation skills of a company called Crestron, it’s already possible to cut time-wasting tasks. Imagine walking into a room and with a “good morning, Alexa” watch a pre-programmed ballet of functions take place: the perfectly dimmed lights flick on, the blinds glide open (using Crestron’s silent motors), your playlist sings, the TV turns on, muted, to show the headlines and a voice whispers the weather forecast.

While none of these tasks is taxing on its own, they all take time and, as Crestron’s residential markets director Trevor Rooney is keen to point out, all those saved seconds add up.

It might all sound crazy until you visit a home using the technology. Stroll into the dining room and say, “let’s have a dinner party” and the

mood magic happens for you (the bits that aren’t preparing the food), and when guests arrive at the gate you can let them in without getting up.

“In the past, the market for this kind of thing was mostly gadget-lovers, but now the audience is everyone. Anyone who owns a phone knows that automation exists,” says Rooney.

The Apples and Googles of the world are predicting that voice-activation will be the next big thing, in the way touch was when the iPhone launched. Rooney believes everyone wants to use voice, they’re just not sure what they want it for. Crestron’s systems provide a functional demonstration, and remove those switches and buttons you won’t need on your walls any more.

As Alexa moves into the operating systems of cars, you’ll even be able to prepare your house with an “open sesame”, and unlock the front door, before you struggle in with your shopping.

Rooney promises there’s a lot more coming, but for now you can start living a more leisured life with a basic Crestron system installed from “a couple of thousand dollars”.

Auction: August 9 Agent: Laing+Simmons Double Bay, D’Leanne Lewis 0419 676 667 In a house as modern as this, you’d expect the blinds to respectfully part for you in the morning.

For now, you’ll have to go to the trouble of saying a few words, but surely in the future a house like this will know what you need even before you do.

Home automation by Crestron at a Bellevue

Scan the code with the

Hill residence.

Domain app to view listing

PR E ST IGE

11

Sanctuary Cove Waterfront, When Only The Best Will Do If the key to real estate success is location, location, and location then 5705 Anchorage Terrace, Sanctuary Cove has it all. Northeast facing on one of the most desirable waterfront Sanctuary Cove streets, this design awardwinning residence is in a class of its own. Its street appeal is personified by a contemporary faรงade which discretely contrasts a stark-white exterior with river stone cladding set pristinely within crisply manicured lawns and softened by evergreen hedges.

4A 4B 4D E 5705 Anchorage Terrace Sanctuary Cove FOR SALE: Price on Application INSPECT: by Private Appointment John Manning 0412 180 088 john.manning@qldsir.com Paul Arthur 0466 776 700 paul.arthur@qldsir.com

www.queenslandsothebysrealty.com

Iconic Beachfront Estate Having hosted international stars and celebrities, this glamorous beachfront property has established its reputation as a world-class holiday destination.

Now offered as a private residence, ‘Trinity Beach Palace’ offers a sublime lifestyle in an exclusive pocket of tropical paradise. Originally bought by the current owners on one title (5,330 sqm) in 2008, they have expanded the property with the acquisition of an additional adjoining lot in 2015 to increase the estate to 7,586 sqm. Just 15 minutes’ drive north of the city of Cairns, Trinity Beach is an upmarket ‘boutique’ holiday centre with easy access to the Great Barrier Reef and its palm-fringed islands, the rain forest wonderland of Daintree National Park and the famed attractions of the tropical coast.

www.queenslandsothebysrealty.com

5A 6B 2D E 1 Vasey Esplanade Trinity Beach AUCTION: 6 August 5:30pm InterContinental Hotel, Double Bay, Sydney INSPECT: by Private Appointment Barbara Wolveridge 0418 760 004

BRIDGEMAN DOWNS 334 Bridgeman Road

8 BED 5 BATH 6 CAR + POOL

Entering through the private gate, the enormity of this prestigious Bridgeman Downs estate is immediately evident, with its sprawling, meticulously manicured lawns and attention to detail. This outstanding executive family home is only 11 years old and was designed to cater for the large extended family and to entertain on a scale that most could only dream of.

The main house offers spacious living areas, accentuated by wide hallways and 2.7m high ceilings. The fully self-contained guest house, sharing all of the residences luxuries, allows for the perfect infusion of living and lifestyle.

INSPECT Contact agent to inspect today FOR SALE

Found a favourite?

Discover more.

See a property you like? View floor plans, beautiful images and learn about the location of a property by scanning the Domain app code.

Launch the Domain app and scan the code in the More menu.

John Bradley 0410 454 718 Matthew Biggs 0499 498 988

D g E V cin O R men P AP om

n

o so

c A n D ctio

Co

tr s n

u

Display suite open Tuesday to Sunday 10am to 2pm 522 Old South Head Road, Rose Bay

THEARISTOCRAT.COM.AU 1300 589 266 or 0413 830 020