Domain Prestige – August 15

15 AUGUST / 2018

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

FERTILE GROUND Living luxuriously in Adelaide

B y K ATE FARRE LLY

Northwood Sydney 4

J E N M E LO CCO

$6 million

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Auction: August 25 Agent: McGrath Lane Cove, Brent Courtney 0411 888 380 It will be hard to tear yourself away from this The South Australian capital is the focus of our cover story in this week’s

deep waterfront property, where the boat-

edition of Prestige. Its luxury property market is on a high as Domain’s data

studded views over Woodford Bay can be

scientist Dr Nicola Powell explains: “Suburbs with a median house price

enjoyed from all three levels. A sleek materials

of more than $1 million are showing better than average rises.’’ For those

palette includes concrete, cedar, travertine and

going with their head that makes it a market to consider. However, for

Caesarstone. The house also comes with a

those going with their heart, there is also plenty of appeal in Adelaide and its

boatshed.

surrounds. Take, for instance, the historical property Warakilla, in Mylor in the Adelaide Hills, a stunning 1840’s sandstone mansion, featured in Living In and on our cover. The property sits on 18 hectares of productive land is also just 25 kilometres to the city. Meanwhile, for anyone looking for

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something further afield, a multimillion dollar log cabin in Canada featured

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in Next Stop, may be more your thing.

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

DESIGN DIGEST Colour and collaboration

COVER STORY Opportunities arise in Adelaide

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Digital edition Visit domain.com.au/ digitaledition

ADAM BRUZZONE

O U R COVE R Mylor, SA. Listed by

LIVING IN Heading for the hills

Harcourts Williams and Hunt Lifestyle.

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PR E ST IGE

NEXT STOP Canada’s British Columbia

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

Glenelg Adelaide 3

$2.5 million-$2.65 million

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For sale Agent: Harcourts Williams Luxury, Stephanie Williams 0413 874 888 Once operating as the Oriental Private Hotel, Albert Hall is a stately 1870s property that in the 1990s was converted into three private residences.

It has front-row position to the water gazing west across Holdfast Bay, and stunning period features, detailed plasterwork and majestic fireplaces.

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Brighton

Dalkeith

Melbourne

Perth

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$6.5 million-$7.15 million

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$6 million

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For sale

Expressions of interest: Close August 28

Agent: RT Edgar Bayside, James Paynter 0418 390 133

Agent: William Porteous Properties International,

Drink in city views from the rooftop garden of this Frank Macchia-designed,

William Porteous 0439 880 242

three-storey residence. The award-winning property is packed with luxury

The award-winning kitchen is a highlight of this

features, from its American oak joinery and Miele and Liebherr-appointed

residence, which has travertine floors, vaulted

kitchen, to its smart-home technology and Herman and Herman lighting.

ceilings, and large, light-filled rooms throughout.

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PR E ST IGE

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DESIGN DIGEST

Objects of desire At the point where design intersects artistic sensibility, excellence ensues. C o m p i l e d b y ISAB E LLE CH E SH E R JONNY NIESCHE SCULPTURES Jonny’s vivid creations turned many heads in Elizabeth Bay at Alaska gallery’s most recent exhibition. To the relief of those who missed it, he will shortly have a solo show at Melbourne’s STATION gallery. sarahcottiergallery.com

TAMMY KANAT

DESIGNER COLLECTIONS FROM CADRYS RUGS Let’s take a moment to appreciate Cadrys’ collaborations. Jan Kath’s range is modern and meticulous, with up to 450 knots in every square inch.

Then there’s Tammy Kanat, whose background in jewellery shows in her vibrant pieces. cadrys.com.au

SARAH COTTIER GALLERY SYDNEY

NORTH LIGHTS STUDIO Besau

ASPEN SIDEBOARD With many of their pieces made from beautifully

knows that curves and

calming experience. The Aspen Sideboard is perhaps the brand’s unsung

symmetry of circular

hero, with its subtle but decidedly handsome design. totemroad.com

crafted solid oak, stepping into Totem Road’s Paddington showroom is a

objects have a kind of innate appeal. They’ve used copper and steel to create a range of floor, wall and pendant lights that twinkle at the onlooker. livingedge.com.au

PAUL VAN KAN

PR E ST IGE

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All eyes on Adelaide

FEATURE STORY

The South Australian capital’s prestige market is picking up as buyers arrive looking for luxury and value. B y SU E WILLIAMS

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ld heritage sandstone homes on sprawling landscaped grounds, elegant mansions with pools and tennis courts, and contemporary luxurious palaces purposebuilt for comfort and convenience.

Adelaide may have a small prestige market compared with other capital cities, but what it lacks in number, it more than makes up for in opulence. And after years of a flat-lining, topend market prices are now on the way back up after a sharp increase in demand from interstate and overseas buyers.

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“The prestige market in Adelaide is now really, really strong,” says Sally Cameron, sales partner at Toop & Toop Real Estate. “There are a lot of buyers coming in from Sydney and Melbourne and lots of expats.

“Our prestige market is very different to that on the eastern seaboard – last year, the most expensive property sold was $5 million.”

While demand is high, there’s a shortage of supply, due in part to an influx of specialists to work on the government’s $50 billion Future Submarine project.

Stephanie Williams, partner at Harcourt Williams Luxury, is seeing buyers from interstate who are benefitting.

“We’ve just had a couple who sold their beachfront property in Sydney for $4 to $5 million, then came to Adelaide and bought a lovely property on the beach and a beautiful home in the eastern suburbs for the same money.” Williams is selling our featured property, a grand lifestyle estate in Springfield with a price guide of $5 million to $5.5 million.

Some of Adelaide’s more prestigious suburbs

YOUR AGENT Stephanie Williams, Harcourts Williams

“This a beautiful home, in a great position close to good schools and backing onto a reserve, with beautiful entertaining areas and pool setting as well as an 18-car garage.”

are showing strong price growth, like Glenelg at 38 per cent over the past year on Domain Group figures, Kensington Gardens at 31 per cent and Parkside at 17 per cent.

Domain Group analyst Dr Nicola Powell says most of the suburbs with a median house price of more than $1 million are showing better than average rises. “They’re leading the charge in terms of price growth. With interest rates near historic lows and Adelaide avoiding the east coast price growth, people are seeing value.”

Steve Alexander, director of Klemich Real Estate, is seeing multiple bidders for the best properties. “Demand is very strong, particularly for character homes in the inner-east,” he says.

“The ease of living in Adelaide is its top draw.

You might drive 10 to 12 minutes to work, in 20 minutes get to the beach or the wineries.”

Springfield Adelaide 5

$5 million-$5.5 million

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For sale Agent: Harcourts Williams, Stephanie Williams 0413 874 888

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PR E ST IGE

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harcourts.com.au

harcourts.com.au

LIVING IN

35.040° S, 138.760° E

ADELAIDE HILLS

A country lifestyle just 25 kilometres from Adelaide’s city centre is on offer with this heritage property. B y K ATE FARRE LLY For those who have enjoyed a carefree country

preserve its character, five-metre ceilings and big

childhood, it is natural to want to provide the

bay windows.

same experience for the next generation. The shortage of job opportunities and good

Country lifestyle

schooling, however, often puts the brakes on a

Vendors Lucy and Hamilton Walker have lived

tree-change.

here for 12 years with their two children, Hugo

Not far to the east of Adelaide, however, are the bucolic Adelaide Hills, where the chance to live in manageable commute to the city for work and

four and five,” says Lucy. “It was all about the

school.

lifestyle. We both grew up on farms but we were to have that great country upbringing with

understand,” says Dee-Anne Hunt of Harcourts

horseriding and motorbikes and canoeing on the

Williams. “We’re only 25 kilometres from the

river – this was the perfect property.”

Historic connection This month, Hunt has listed a prestigious and

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$5 million +

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living in Brisbane, and we really wanted the boys

many other capital-city dwellers don’t

amazing.”

Adelaide Hills

“We had farming business down here, so we moved from Queensland when the boys were

heart of the city, and the lifestyle on offer here is

Mylor

and Hunter.

the country can easily be combined with a more

“That’s the benefit of the Adelaide Hills that

YOU MAY LIKE ...

The boys attend school in Adelaide, leaving at 7.30am and returning by 4pm, often with several

Expressions of interest: Close August 24

friends in tow who spend weekends at Warrakilla

Agent: Harcourts Williams Luxury and Hunt

exploring the property’s 18 hectares.

Lifestyle, Dee-Anne Hunt 0411 555 774

The home has also become a meeting point for

Warrakilla is a sandstone mansion set on

historic property that could set a new sales

the Walkers’ extended family who travel from

18 hectares of productive land with 1.5 kilometres

record for the Hills, and would give any top-end

interstate and are ‘‘often reluctant to leave’’.

of river frontage. It has formal living and dining

home in the city a run for its money.

Warrakilla, in Mylor, is a sandstone mansion built in the 1840s that was used as a rest stop for

Warrakilla is emblematic of the lifestyle the

rooms, a library, a conservatory and a cellar, and

Adelaide Hills has to offer.

Also including a small vineyard, a berry farm,

there is a covered outdoor terrace overlooking

The house in Mylor

Cobb & Co coaches as they made the journey

horse facilities and a mammoth 1440 square-

(above, right) is a

from Adelaide to Strathalbyn.

metre multi-purpose shed, the property offers a

former Cobb &

the infinity-edge pool.

multitude of business opportunities and comes

Co resting station,

following fire damage, but care was taken to

with a water licence. Who says you can’t have

now with mini vineyard

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rebuild within the house’s original dimensions to

your cake and eat it too?

and berry farm.

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Much of the house was rebuilt in the late 1990s

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PR E ST IGE

MAXWALLS.COM

9977 7777

NEXT STOP 50.726° N, 124.908° W

WHAT YOU CAN BUY FOR … $20.72 million A rustic-luxe waterfront estate with a separate guest house on Bowen Island, about 20 minutes by boat from West Vancouver’s Horseshoe Bay. $18.35 million A four-bedroom home on a deep waterfront block of almost 10 hectares on Vancouver Island’s Saanich Peninsula, 10 minutes’ drive from Victoria International Airport. $6.25 million A contemporary threebedroom house with infinity-edge pool in Victoria, on the southern tip of Vancouver Island.

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PR E ST IGE

BRITISH COLUMBIA

Despite the gloomy headlines, the luxury housing market in Canada’s British Columbia is heating up. B y E LICIA M U RR AY

property prices in Vancouver plunged recently, following a tax increase on foreign buyers, rising interest rates and tighter lending restrictions.

But it’s not all doom and gloom. Victoria, the

A luxurious log and stone house in one of

The house, which can sleep 30 people plus

capital of British Columbia, was named the

Canada’s most spectacular wilderness regions,

staff, is built on a ridge overlooking a deep-water

hottest luxury primary housing market in the

Fawn Bluff, is on the market.

harbour.

world in Christie’s International Real Estate’s

The house, part of a sizeable estate, is located

Included in the 137-hectare parcel of land is a

latest Luxury Defined report.

on a remote stretch of coastline in Bute Inlet,

lake and private docks. Fawn Bluff is being

British Columbia. And when we say remote, we

marketed by Jason Soprovich with an asking

Can Australians buy in?

mean remote.

price of $CAD28.8 million ($29.84 million).

Australians can buy property in Canada but rules

Inaccessible by road, the property is 14 minutes

and taxes relating to foreign ownership vary

by seaplane from the nearest airport and one

Current market

hour and 15 minutes by water taxi from

“Canada’s housing bubble is starting to burst.”

Columbia, foreigners now pay a 20 per cent tax

Vancouver Island’s port of entry. Vancouver is an

“Canada’s housing market flirts with disaster.”

on top of the listing value. A levy on property

hour to the south-east.

Doomsday scenarios have become widespread in

speculators is expected to come in later this year.

the reporting of Canada’s property market, with

Most banks require non-residents to pay larger

destination, with salmon, halibut and lingcod

some analysts blaming a potent cocktail of

deposits and may charge them higher interest

among the creatures of the deep, while above

soaring home prices, subprime lending and sky-

rates.

ground black bears, cougars and deer populate

high debt for the situation.

This part of Canada is famous as a fishing

the forests.

After a sustained period of growth, prime

widely according to the location. In British

soprovich.com

Showcase your beautiful home “Advertising in Domain Prestige is the perfect way to market elite properties. There is something about seeing a beautiful home printed in the premium magazine that really inspires buyers’ confidence.”

– Christine Rudolph, Ray White New Farm

Talk to your agent about reaching buyers with Domain Prestige.

Best Value Waterfront in Noosa Located on the waterfront of Noosa North Shore, this property is being sold walk in, walk out including a nearly new powerboat. For the keen boaty, the property has a deep water anchorage suitable for larger vessels, a jetty, boat ramp and boat winch. The property is situated opposite Noosa Marina which means easy access to the main land. It only takes 15 minutes by boat to Hasting Street so you can enjoy the tranquillity of the North Shore and still be close to the hustle and bustle of Noosa Heads.

www.queenslandsothebysrealty.com

3A 2B 4D 15 Noosa River Drive Noosa North Shore Viewing by Appointment Hannah Dodds 0435 950 680 hannah.dodds@qldsir.com

SYDNEY 1401/61 Macquarie Street Exclusively positioned on the prized, nort r h-west corner of the tightly held 14th flf oor within Quay Grand, rt offffffe fering unsurpassable and intimate views of Sydney Harbour Bridge, Opera House, Circular Quay and nort r h Sydney fr rt f om every r room. Expansive flf oor to ceiling glass doors throughout boast direct access to an ry extensive balcony extending the entire width of this luxurious 221sqm apart r ment. Wrap around living and rt dining areas flf ow onto a nort r h west fa rt f cing undercover outdoor entert r aining balcony commanding rt spectacular views of Sydney´s iconic landmarks. Featuring a gourmet eat in kitchen with breakf kfa kf fast 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 t Sky ty k line views. ky

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Thursday 5:30pm - 6:15pm Saturday 10:00am - 10:45am James McCowan 0418 800 400 Michael Pallier 0417 371 522

All info f rmation contained herein is gathered fr fo f om sources we deem to be reliable. However we cannot guarantee its accuracy and interested part r ies should rely on their own enquiries. rt

Cleveland 07 3286 3555 View Sunday 12.00 - 12.45pm For Sale Vendors expectations around $6.5 Million

Jan Goetze 0418 885 523

Ming Body 0418 297 978

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24 Cayman Crescent, Raby Bay This landmark residence overlooking the beautiful Raby Bay harbour was inspired by the Mediterranean origins of the builder who has created a true masterpiece, not only in design and construction, but in the indulgent amenities and exquisite handcrafted finishes.

• Large water frontage - 47 metre quayline

• • • •

1244m2 allotment with fabulous views Vaulted ceilings - Suspended concrete floors Magnificent pool occupying its own terrace Grand reception, living & dining areas - elegant formal lounge and dining room plus expansive casual & alfresco areas and separate theatre room

www.raineandhorne.com.au/cleveland

Every care has been taken to verify the accuracy of the information contained in this document, but no warranty (either express or implied) is given by Raine & Horne or its agent, as to the accuracy of the contents. Purchasers should conduct their own investigations into all ma ers relating to the proposed purchase of the property.

NEW FARM 106 Heal Street A NEW BENCHMARK FOR SOPHISTICATED DESIGN AND LUXURY • • • • •

Unique architectural design Perfect balance of luxury, ease & functionality Seamless indoor/outdoor living Fully integrated cellar/bar Full home automation & security

belleproperty.com/85P2608

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For Sale By Negotiation Ivo Kornel 0412 301 439 ivo.kornel@belleproperty.com

4 v 51 f

EAST TOOWOOMBA 12 Mayes Street

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Land size: 3,470m2

PREMIUM EAST SIDE POSITION This magnificent award winning Architect designed home is gated and privately positioned on an extraordinary 3,470m2 parcel of land in prime East Toowoomba. Offered for the first time in nearly 20 years this iconic home attributes include a championship size flood lit tennis court, 10x5m2 indoor swimming pool, walk in 2000 bottle wine cellar and full integration of green technologies.

Immediately upon arrival the beauty of this Michael Witty designed residence is quite breathtaking and the privacy is particularly striking.

The owner has commenced construction of his new home with the completion scheduled for September 2019. The owner is willing to move now or continue residing at the property with a rent back arrangement.

View

By Appointment

Price

Offers from $2,750,000

Contact Michael Teahan 0418 717 887 ICONIC to 0428 420 187 to receive your fully detailed brochure