Domain Prestige – November 14

14 NOVEMBER / 2018

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

ART MAJOR Dimensions & de sign

ARTIST IMPRESSION Toorak Road and St Kilda Road External

ARTIST IMPRESSION Residents pool

ARTIST IMPRESSION Robe detail

ARTIST IMPRESSION Kitchen

A boutique collection of ultra-luxurious three, four and five bedroom homes located within the prestigious Domain Precinct.

The Muse will feature six star, hotel style facilities and services including 24/7 concierge, grand lobby, pool, gymnasium and club lounge.

Boasting unparalleled north facing views of the city skyline, all apartments are fully customisable, with a choice of three leading interior design fi rms.

Residing in Melbourne’s premier location, fronting Fawkner Park and just minutes walk from the Domain Road precinct and Royal Botanic Gardens.

Discover a life beyond luxury.

Arrange your private viewing of The Muse Display Gallery.

D A N I E L C A S H E N : 0 4 3 8 3 4 6 31 3 | M I C H A E L R O B I N S O N : 0 4 0 1 0 7 1 0 7 1

W W W.THEMUSEMELBOURNE.COM. AU

B y K ATE FARRE LLY

Mosman Sydney 6

J E N M E LO CCO

$22.5 million-$25 million

6

12

For sale: By expressions of interest Agent: Richardson & Wrench Mosman, Stephen Patrick 0413 834 848; Raine & Horne Mosman, Brendan Warner 0415 223 300 There’s a buzz about Brisbane at the moment. My Instagram feed

Sprawling across two titles, this Michael

has been filled with images of its newest hotel, The Calile Hotel in

Robilliard-designed home has the best of Middle

Fortitude Valley - with its sensational pool area - and plenty of praise

Harbour views. Complete with a pool, tennis

for this sub-tropical city’s cool factor. There is also talk about the

court and a coveted northerly aspect, its

strength of the residential market and, in particular, the luxury sector

interiors are by Sarah Davison. There’s a home

as we discover in our feature story this week. Brisbane is currently the

theatre, gym and a self-contained apartment.

best performing capital city in Australia, with a 1.2 per cent house price growth outshining former frontrunners Sydney and Melbourne, according to Domain figures. Traditional high-end suburbs such as

Open your camera and hover

Ascot and Hamilton (with a 21.2 per cent rise in the median house

your phone over the app code

price over the year) have remained strong. And rejuvenated locations

to see the address

like New Farm and Teneriffe, with luxury, high-end apartments and renovated properties, are growing in popularity.

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

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 Mitch Armstrong 0438 820 767 Western Australia, South Australia & Northern Territory Jeroen van de Peppel 0427 292 797

ASCOT \ BRISBANE

PROPERTY PATH Steps to a $100 million estate

FEATURE STORY Brisbane heats up

7 8

Digital edition Visit domain.com.au/ digitaledition

O U R COVE R Mosman Listed by Richardson & Wrench PAG E 4

4

PR E ST IGE

LIVING IN Coastal Coffs Harbour

11

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

Paradise Waters Gold Coast 7

$4.85 million

8

3

For sale Agent: Queensland Sotheby’s International Realty, Mashelle Jones 0409 490 045 Highlights of this Hamptons-style waterfront home include the saltwater pool and spa, a boat shed and a pontoon. All seven bedrooms have en suites. There are several balconies, a cinema room and a games lounge.

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

Pullenvale

Mosman Park

Brisbane

Perth

6

5

$6.5 million

7

6

$7 million

4

3

For sale

Expressions of interest: Close November 27

Agent: LJ Hooker Paddington, Brett Greensill 0410 506 695

Agent: Space Realty, Alex Blain 0438 007 155

An elegant, Georgian-style home on 1.2 hectares of landscaped gardens,

Boasting some of the best views Perth has to

Pullenvale House offers country living a 20-minute drive from the CBD. The

offer, from Freshwater Bay to the Perth hills, this

interior includes a Wyer + Craw kitchen, Carrara and Calacatta marble

renovated home offers 550 square metres of

floors, an integrated sound system, a wine cellar, pool and a tennis court.

luxury accommodation.

Open your camera and hover Open your camera and hover your phone

your phone over the app code

over the app code to see the address

to see the address

PR E ST IGE

5

115 Henley Marine Drive Drummoyne Laying claim to a prestigious location on the shores of Iron Cove, this breathtaking contemporary masterpiece was designed by acclaimed architect Furio Valich.

Capitalising on northerly light and intimate views across the bay to the city skyline, this architecturally innovative residence showcases a highly functional, sustainable design with high spec finishes, multiple living zones and sensational alfresco entertaining space complete with a pool. An exceptional lifestyle address, it enjoys harbour walks at its door and Drummoyne village and Birkenhead Point within an easy stroll.

4 bed | 3.5 bath | 2 car • Breathtaking harbourside masterpiece by architect Furio Valich • 4 bedrooms, studio/5th bedroom, intimate bay and city views • Multiple living spaces and terraces, DLUG, high-spec finishes For Sale Expressions of Interest closing 30 November at 5pm View By appointment ch.com.au Daniel Patterson 0421 882 692

PROPERTY PATH

B y LU CY MACKE N

SYDNEY IMAGES

From apartment to Point Piper Locals had better take more notice when young Mike Cannon-Brookes looks for a house in their suburb.

W

hen Mike Cannon-Brookes was house-hunting in Sydney’s inner west for his first home, he didn’t feel real estate agents were taking him seriously.

Maybe it was his youthful looks, or the fact that at 24 he was only a few years out of university, but either way he enlisted the help of a buyer’s agent to take the pressure off the whole process.

“I really didn’t know anything about buying a property, and I didn’t want to be ripped off,” Cannon-Brookes said at the time.

Thanks to the buyer’s agent, he paid $840,000 for a three-bedroom apartment in a converted warehouse in Lilyfield in 2004. He sold it two years ago for $1.46 million. Fourteen years later, Sydney’s real estate agents are taking him seriously.

And, so they should. At 38, the tech billionaire

and co-founder of software giant Atlassian has bought Australia’s most expensive residence, securing Australia’s first nine-digit house sale for the Point Piper estate Fairwater of the late Lady (Mary) Fairfax.

The $100 million purchase ended 117 years of Fairfax family ownership and finally put to rest speculative reports the estate was to be gifted to the people of NSW after Lady Fairfax died.

Perhaps more importantly for Cannon-Brookes and fashion designer wife Annie, it put him next door to the $71 million house of his best mate and Atlassian co-founder Scott Farquhar and his investment banker wife Kim Jackson, and created a beachfront of 1.8 hectares where the couples plan to raise their young families.

But, even before Cannon-Brookes snapped up the trophy estate he was already being taken seriously by eastern suburbs agents.

A few days after his 31st birthday in 2010, he bought a former furniture emporium warehouse conversion in Paddington, known as House of Desks, for $7.3 million, and five years later sold it for $10.4 million to buy Centennial Park’s most expensive house Braelin for $12 million.

That Centennial Park record was smashed by Braelin again earlier this year when CannonBrookes sold it for $16.5 million.

It was his more recent trophy home pursuits that caught the attention of every real estate agent in Double Bay. Having looked at some of the finest homes on the market in recent years – think the Rona and Barford estates in Bellevue Hill – CannonBrookes was credited with also single-handedly pushing up house values near the beach in Double Bay, given a few recent acquisitions and rumours he was circling homes on the beachfront.

The acquisitions included a 1936-built house known as SeaDragon for $7.05 million in 2016, followed by a semi for $9.1 million this year and last month a $17 million mansion, Verona. As for those rumours he was circling homes on the beachfront, Double Bay’s home owners might regret not taking the young rich lister’s passing interest in their real estate more seriously.

Mike Cannon-Brookes, above, bought the Point Piper estate, Fairwater, for about $100 million.

PR E ST IGE

7

All attention on Brisbane

FEATURE STORY

The river city’s high-end market is still holding its head up in the face of the national downturn. B y SU E WILLIAMS

T

here’s one city on the lips of anyone who has anything to do with prestige property right now, and that’s Brisbane.

“Everyone is talking about Brisbane at the moment,” says Deborah Cullen, head of prestige residential at Knight Frank Australia, a company that moved to the city just six months ago as a result of the demand for top homes from clients in Sydney and Melbourne.

“You get such great value for your money there and can buy quality property that would cost you twice, or three times, as much if you bought them elsewhere. So many people, and

8

PR E ST IGE

businesses, are moving to Brisbane, and it’s a really, really strong prestige market now.”

While figures from the Domain Group show Brisbane as the best performing capital city in Australia, with 1.2 per cent house price growth over the last year compared to falls of 6.5 per cent in Sydney and 3.2 per cent in Melbourne, its top 10 per cent tier of stock is also performing robustly.

“It doesn’t have the double-digit growth from 2016 any more, but prices are still growing significantly,” says Domain data scientist Dr Nicola Powell. “House prices at the top end are

performing much better than those at the lower end of the market.

“We’re seeing houses in some of the most expensive suburbs seeing good growth.

Hamilton, for instance, with a median of $1.4 million is up 21.2 per cent over the year, Ascot with a $1.59 million median has grown by 9.7 per cent and New Farm prices have risen by 81.1 per cent over the past five years.”

New Farm neighbour Teneriffe, for which there have been too few house transactions over the past 12 months for a reliable figure, is also surging ahead, says McGrath New Farm agent Henry Hodge. “People are always wanting to buy quality in Brisbane’s prestige areas. There’s so much confidence around, and we’ve just had one of our biggest months in the last 15.”

Ray White New Farm has also been enjoying stellar results in prestige property. “We’ve had a number of record sales in the $7 million to $10 million range in areas with big allotments of land like Clayfield, and waterfront New Farm,” says agent Christine Rudolph.

“We’re seeing a lot of local entrepreneurial

YOUR AGENT Dwight Ferguson, Ray White Ascot

“This luxury home is in one of the top three streets of Ascot in an exclusive enclave. It’s also elevated so has nice breezes off the bay and big formal and family spaces.”

wealth and aspirational buyer, as well as expat buyers, all attracted by the lifestyle, liveability, affordably good-quality schools and the stability of the real estate market.”

In Ascot, where our featured property – a large four-bedroom colonial home with wraparound verandas on 1200 square metres of grounds and recently renovated – is being sold by Ray White’s Dwight Ferguson, the prestige market is also strong. “I think it represents excellent value compared with Sydney and Melbourne with bigger properties of comparable quality in very desirable locations,” says Ferguson.

That confidence is motivating people to upgrading, knowing they’ll be able to sell their existing property for a good price, believes Jason Adcock of Adcock Prestige. “And we have a lot of Sydney and Melbourne people interested in living in Brisbane now, often coming back from a period away, as well as a lot of expats.

“A lot of people are also moving to rejuvenated locations like New Farm and Teneriffe where there are luxury high-end apartments, and renovated properties.”

A continuing shortage of supply is also keeping prices up, advises Michael Vettoretto of Platinum Residences. “The spring market hasn’t yet brought the same amount of stock as it traditionally does,” he says. “We’re getting a lot of inquiries, and prices are really holding up.”

Ascot Brisbane 4

3

$4.5 million

2

For sale by private treaty Agent: Ray White Ascot, Dwight Ferguson 0412 385 720

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

PR E ST IGE

9

NORTH-FACING WATERFRONT APARTMENTS, ON THE DOORSTEP OF ROYAL PINES RESORT. PRICED FROM $765,000.

NOW COMPLETE AND OPEN FOR INSPECTION.

1 THE CONCOURSE, BENOWA SUNLANDGROUP.COM.AU/THECONCOURSE PHONE 1300 400 905

FLEXIBLE INNER-CITY HOMES FOR A LIFE LESS ORDINARY 2KM FROM MELBOURNE’S CBD. Exceptionally positioned between the river, city and the bay, secure your modern 3 or 4 bedroom Cargo Home in Melbourne’s tranquil waterfront village.

B O O K YO U R E XC L U S I V E A P P O I N T M E N T T O DAY

Contact Janet Walker: 0466 440 863 Sales suite open daily on South Wharf Drive (off Point Park Crescent) Monday 1 - 5pm | Tuesday - Sunday 12 - 5pm

YA R R A S E D G E . M I R VA C . C O M

Image of completed Cargo Home Stage 2

LIVING IN

30.2990° S, 153.1390° E

COFFS HARBOUR

With its mix of pristine nature and globally recognised events, Coffs Harbour is more than just a beach town. B y K ATE FARRE LLY Daniel Heather moved from Sydney to Coffs

International acclaim

Harbour on the NSW north coast in 2015 and

The stadium is part of Coffs Harbour’s success.

says he couldn’t believe what a hidden gem the

This year is the fourth that the city has won the

city was.

World Festival and Event City Award, ranking

“My perception of Coffs Harbour was probably

Philadelphia for the quality and variety of its

exposed to the Pacific Highway,” says Heather,

annual events.

council as the section leader for stadium and major events.

“I quickly learnt that if you were to put a pin in the centre of Coffs Harbour, within a 10-minute radius you can be in a completely different,

3

5

“It’s a live broadcast around the globe, so we get around 40 million viewers with their eyes on the beautiful Coffs Coast,” says Heather.

This major event contrasts nicely with a local

a waterfall, or a remote beach.

which still sits proudly on the Destination NSW

Heather says the small villages dotted along the

4

$2.295 million

Signature events include the Australian and

attraction like Woolgoolga’s unique Curryfest,

“I was completely amazed. I still am, and I love

Mid North Coast

final leg of the World Rally Championships.

totally unspoilt and beautiful place – a rainforest,

getting out and about to explore.”

Coffs Harbour

Coffs alongside the likes of Moscow and

like that of a lot of people – I’d only really been who relocated to take up a role on the local

YOU MAY LIKE ...

calendar.

For sale

A laid-back lifestyle

Agent: McGrath Coffs Harbour,

Coffs Coast are an asset to the region, and each

McGrath Coffs Harbour agent Michael Aubusson

Michael Aubusson 0401 845 083

has its own charm.

grew up in Coffs and has recently returned after

Set on 3000 square metres, just 250 metres

eight years in Sydney’s eastern suburbs, lured

from Diggers Beach, this split-level contemporary

home by the great outdoors.

home offers elevated bay views. There are three

He lives with his young family in Emerald Beach, which is just south of Coffs Harbour’s CBD, and frequently ventures to the neighbouring villages

“The lifestyle here is just phenomenal, with

living spaces with polished floorboards, an all-

to eat out. Sawtell and Woolgoolga are

pristine beaches for great diving, fishing and

white kitchen with integrated appliances, two

favourites.

surfing,” he says.

balconies and a whole-floor master retreat.

Education is also well catered for, with a

“We’re finding people are semi-retiring here and

Southern Cross University campus, TAFE and a

taking the 45-minute flight back to Sydney when

senior college. The hospital is getting multimillion

required.

dollar improvements and work has begun on a major stadium upgrade.

“Coffs has so much potential and opportunity right now, it’s an exciting place to live.”

Beautiful coastline

Open your camera and hover

wraps around the Coffs

your phone over the app code

Harbour property.

to see the address

PR E ST IGE

11

26 Castle Circuit, Seaforth

world-class

An architectural masterpiece, this resort-like home showcases breathtaking Middle Harbour and city skyline panoramas. Set on an enormous 1,631sqm level block of land with a tennis court and pool, this estate is private and whisper quiet.

• Tri-level, vast living spaces plus media and billiard room • Chef´s kitchen, palatial master suite, home office, ducted a/c • DLUG, sweeping terraces, built-in BBQ, wet bars and sauna

EXPRESSIONS OF INTEREST CLOSING DATE: 8TH DECEMBER AT 4PM VIEW SAT 12:00 - 12:30PM OR WED BY APPOINTMENT MICHAEL CLARKE 0402 425 486 CHERIE HUMEL 0488 668 862 CALL 9977 3300

clarkeandhumel.com.au

38 Kurraba Road, Neutral Bay Flawlessly renovated home amidst lush greenery

abc e 5

Akin to a luxury retreat, this renovated home embraces its heritage amidst lush greenery, inspiring peace, opulence and relaxation. The exquisitely crafted interiors reveal beautiful period architecture before flowing through to a contemporary living area and out onto a timber deck and pool basking in private verdant surrounds. Highlights include a stone crafted gas kitchen, gas fireplace, air conditioning and a master with luxury ensuite. Hidden from the street for a wonderful sense of privacy, this sanctuary backs onto Warrina Park and is a stroll from local shops, cafĂŠs and restaurants.

2

3

1

Auction Saturday 8th December 9:00am On-Site View Thursday and Saturday 11:00am - 11:45am

Scott Thornton 0401 161 696 Michael Rava 0411 225 084 theagency.com.au

Ultimate Beach House On the market for the first time in nearly 40 years is this ultimate Australian beach house. It is one of only a dozen or so tightly held houses along a priceless stretch of coastal real estate at internationally renowned Coolum Beach. The enormous 934sqm oceanfront property is adjacent to the Sunshine Coast’s surfing haven of Three Bays. The site is zoned MDR making this a perfect development opportunity or investment.

www.queenslandsothebysrealty.com

4A 3B 4D 1702 David Low Way Coolum Beach Auction In-rooms 15 Dec 2:00pm View Saturday 9:00 - 9:45am Hannah Dodds 0435 950 680

Estate, Escape or Business

9A 9B 3D

Set high in the hills with amazing sweeping views, is a residence of uncompromised style, a private estate on 40 acres in the rich Sunshine Coast Hinterland. Arrive via the Blackall Range Tourist Drive to privacy yet prepare to be taken away by a breathtaking visual kaleidoscope down the valleys, across eucalypts to an ancient rainforest. The main residence with wood-burning fireplace for cool evenings, is designed for comfortable living and entertaining.

Separated via immaculate garden paths lapped by flowers popped with colour are 5 cottages. Each self-contained with kitchen, fireplace and verandas to soak up the views for the complete relaxation of guests.

Maleny, Queensland

www.queenslandsothebysrealty.com

Expressions of Interest Closing 5pm, 15th December: Viewing by Appointment Hannah Dodds 0435 950 680 Carol Carter 0414 760 305

‘Locarno’

4 A 5.5 B 3 D 1 E

In an elevated position, uninterrupted views of the Brisbane River and CBD skyline create a sublime backdrop for ‘Locarno’, 29 Hillside Crescent, Hamilton. Exuding the charm of a bygone era with the perfect blend of modern convenience and traditional Art Deco detailing, it has an atmosphere of classical elegance. ‘Locarno’ is ideal for a family needing to accommodate teenagers or extended family, offering 735sqm of living space, in a premier Hamilton location. It features four bedrooms - and a gymnasium, five and a half bathrooms (two of which are ensuites), grand formal and casual family living and dining spaces, a kitchen on each level, billiard room and numerous indoor and outdoor terraces and courtyards.

www.queenslandsothebysrealty.com

29 Hillside Crescent Hamilton Expressions of Interest Closing 5pm, 30th November View Wednesday 6:30 - 7:15pm & Saturday 1:00 - 1:45pm Michael Ve V ttoretto 0438 705 745 John Smith 0434 344 455

440 Black Mountain Road, Black Mountain QLD 4563 • • • • • • •

Mediterranean inspired home & guest house (together 575 m2 of dwellings) Elevated usable 2 ha (4.94 Acres) Breathtaking views, wine cellar, custom Mahogany library Within a short drive of national parks & town Approx. 30 mins of Noosa’s famous waterways & beaches Within 40 mins of Sunshine Coast international airport Private & tranquil, Ideal vista for retirees & families

2ha 5 BED 3 BATH 4 CAR AUCTION

Sunday 2 December

INSPECT

Saturday 2.00 - 2.30pm

On site at 11.00 am

Thursday 5.00 - 5.30pm

M: 0409 759 320 P: 07 5447 5277 E: sales@staynoosa.com W: www.staynoosa.com/live-in-noosa/

AGENT

Liam Anlezark 0409 759 320

sales@staynoosa.com

DOWLING NEYLAN R E A L

124 HILTON TERRACE NOOSAVILLE 4 Beds 3 Baths 2 Cars Pool

AUCTION SAT 17TH NOVEMBER @ 2PM VIEWING INSPECT BY APPOINTMENT

TIMELESS INTERIORS & DESIGN, IT’S A RIVERSIDE ENTERTAINER

E S TAT E

Showcasing a timeless quality throughout, this beautiful elevated home epitomizes low-maintenance luxury on an elevated 524sqm allotment. Establish your Noosa base in one of Noosaville’s most sought-after streets, 5 minutes walk to the Noosa River, Gympie Terrace shops, eateries and parklands nearby.

Positioned due North, the residence boasts solid construction, river glimpses, master and living on one level and an internal elevator completing a downsizing or parttime owners dream.

AGENT DAN NEYLAN 0412 764 370

AGENT IMIKA NEYLAN 0405 976 181

223 Beaconsfield Parade Middle Park, Victoria The extraordinary vision of Chamberlain Javens Architects with interiors by Kerry Phelan Design Office has been realised in this award-winning waterfront Art Deco residence set upon Melbourne's famous beachfront boulevard with panoramic ocean views, and magnificent entertaining amenity including swimming pool, self-contained guest house and excellent garaging.

5

1

6

EXPRESSIONS OF INTEREST Closing Friday 16 November at 12pm

VIEWING Strictly by Appointment

CONTACT Michael Armstrong Nicole Gleeson

CONJUNCTIONAL AGENT Geoff Cayzer 9690 9782 Michael Szulc 0417 122 809

0407 063 263 0414 809 221

kayburton.com.au

4

Residence 2/131 Walsh Street South Yarra, Victoria Situated in private gardens of some 500sqm, this bespoke Carr designed residence includes private lift and over 300sqms of luxurious refined living. One of only four, supremely located between the Botanic Gardens and Fawkner Park.

EXPRESSIONS OF INTEREST Closing Wednesday 5 December at 5pm VIEWING Wednesday 2.30 - 3pm Thursday 6 - 6.30pm Saturday 3 - 3.30pm

kayburton.com.au

3

1

CONTACT Nicole Gleeson Robert Fletcher Gerald Delany

3.5

0414 809 221 0413 493 901 0418 355 337

3

14 Winifred Crescent Toorak, Victoria Floating above the Yarra River with stunning northern views across the water and Yarra River Parklands, this magnificent custom designed residence with plunge pool, lift, gym, three car garage and beautiful landscaped gardens provides a lifestyle of unbridled luxury and privacy in a prized riverside setting.

4

EXPRESSIONS OF INTEREST Closing Tuesday 4 December at 5pm VIEWING Thursday 1 - 1.30pm & 7 - 7.30pm Saturday 11 - 11.30am

kayburton.com.au

1

CONTACT Michael Gibson Robert Fletcher Robyn Feigen Robert Li

3.5

3

0418 530 392 0413 493 901 0490 059 653 0413 725 369