Domain Prestige - December 04, 2019

4 DECEMBER / 2019

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

SUNNY OUTLOOK Noosa heat s up

B y K ATE FARRE LLY

Kew Melbourne 52a Molesworth Street $5.5 million-$6 million J E N M E LO CCO

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Expressions of interest: close December 14 Agent: Kay & Burton Hawthorn, Sam Wilkinson 0400 169 148 As summer officially starts this month, beachside property is the focus

An other-worldly residence from award-winning

and in this edition we look at the rise of one such waterfront spot – Noosa.

Bojan Simic, The Orb House is packed with the

Blessed with good beaches, restaurants, a relaxed lifestyle and nearby

best-of-the-best finishes, from the Grigio Versilia

airport, the Queensland resort town has been on the up and up. In our

marble and American oak to the Liebherr,

feature story we looks at the incredible gains in the market and one

Scholtes and Miele appliances. Close to Yarra

$20 million property at Noosa’s Sunshine Beach currently for sale. Keeping

River parkland and top schools, the property has

coastal, in Living in we visit Victoria’s Lorne, with its winning combination

a showcase cellar, a pool and a unique office.

of beaches and surrounding bushland. In Property Path we look at British billionaire industrialist Sanjeev Gupta’s impact on the luxury property market in Sydney – and his latest trophy home. Finally, this is our last

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edition for the year with Prestige returning at the end of January. Until

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then we wish our readers a happy and safe holiday season.

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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 Chief executive officer: Jason Pellegrino Chief consumer officer: Jason Chuck Residential sales: Queensland Brad McLeod 0429 571 826 New South Wales Belinda Sinclair 0414 580 903 Victoria & Tasmania Mitch Armstrong 0438 820 767 Western Australia, South Australia & Northern Territory Jeroen van de Peppel 0427 292 797

HOT PROPERTY

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PROPERTY PATH Trophy home trail

COVER STORY Heat is on in Noosa

Digital edition Visit domain.com.au/ digitaledition

O U R COVE R 46 Seaview Terrace, Sunshine Beach.

ROBERT BLACKBURN \ VISIT VICTORIA

LIVING IN Where the bush meets the beaches

Listed by Tom Offermann PAG E 6

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LUXE LIFE Lexus takes to the water

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

Toorak Melbourne 59 Grange Road $13.8 million-$15.1 million

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Expressions of interest: close December 9 Agent: Marshall White Stonnington, Marcus Chiminello 0411 411 271 Huge expanses of glass have been used to dramatic effect in this Nic Bochsler-designed property, framing picturesque garden views. Set on 2000 square metres and boasting a tennis court, pool and self-contained apartment, the home has a granite kitchen and a main suite with city views.

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Broughton Vale

Avalon Beach

Shoalhaven 271d Tindalls Lane

Sydney 5-7 Marine Parade

$4.5 million

$12.5 million-$13 million

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For sale

For sale

Agent: Belle Property Berry, Nick Dale 0419 425 166

Agent: Ray White Prestige Palm Beach,

There are sweeping views of pastures and the surrounding lush valleys

Noel Nicholson 0411 884 290

from this TDDP Architects-designed house situated on 40 hectares. The

It doesn’t get much closer to the sand and surf

property, a two-hour drive, from Sydney also boasts its own rainforest

than this beachfront gem, a breezy pavilion-style

valley, creek and waterfall.

residence with a big deck beneath Norfolk pines.

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Embrace new heights

PENTHOUSE

The Noble is one of Sydney’s most spectacular penthouses set in the very heart of Potts Point, a neighbourhood distinguished as the city’s premier location for prestige apartments. The three-bedroom penthouse is wrapped in walls of glass on either side showcasing sweeping views to both the Sydney CBD, Harbour and eastern suburbs which provides a welcome escape from the bustling world below.

YOUR POTTS POINT PENTHOUSE AWAITS FOR SALE BY INTERNATIONAL EXPRESSIONS OF INTEREST – REGISTER NOW 1800 427 008 Sydney +44 20 7182 2000 London

Shanghai

+86 21 2401 1303

Hong Kong +852 2820 2800

omniapottspoint.com.au

PROPERTY PATH

B y LU CY MACKE N

Empire building He’s known as the ‘man of steel’, but Sanjeev Gupta has a definite soft spot for classic domestic architecture.

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illionaire industrialist Sanjeev Gupta has made his name globally as the “man of steel” for redeveloping troubled steel and metals industries, but is less known for his penchant for grand historic houses.

His taste in housing has not gone unnoticed by many of Sydney’s trophy home owners, however.

Since Gupta and his wife Nicola moved to Sydney in 2016, and took up residence in businessman Ian Joye’s $30,000-a-week Bellevue Hill estate Barford, the couple have been cited as fairly regular house hunters.

They were hoped-for buyers of Singaporean tycoon Chio Kiat Ow’s Vaucluse waterfront estate Phoenix Acres before it sold to hotel mogul Jerry Schwartz for $65.25 million in late 2017, the Elaine estate in Point Piper before tech boss Scott Farquhar bought it for $71 million and they looked at buying Bellevue Hill’s Rona

estate before it sold for $58 million last year.

Through it all, the third-generation industrialist has been making headlines around the world as he transforms his Liberty House Group from a family business empire to a global industrial powerhouse with an annual turnover of close to $20 billion.

The superhero moniker, man of steel, was first coined about six years ago when Liberty House

bought a troubled steel mill in South Wales in the UK and through a structured deal with employees managed to save it and its 150-strong workforce. Three years later he established Wyelands Bank in Wales, and named it after the 1819-built Welsh country estate in Chepstow known as Wyelands House, which he had purchased at the time for £4.5 million.

The Guptas and their three children relocated to Sydney in late 2016, and the following year his GFG Alliance bought the failed South Australian steel manufacturer Arrium for about $700 million, handing him ownership of the state’s Whyalla steelworks and making him a local hero in the township.

More recently he’s scored the title of “environmentalist” after GFG Alliance entered a strategic partnership with Shanghai Electric to build the 280-megawatt Cultana Solar Farm.

And he’s finally found a new home. More than six months after he was widely rumoured to be looking to buy the grand Italianate mansion Bomera on the clifftop at Potts Point, it sold in October for $34 million. And no sooner had Gupta relocated to Bomera than updated records show it was bought by a trust created in June under the directorship of his neighbour and stockbroker friend Les Owen.

NIC WALKER

Bomera at Potts Point, main; Businessman Sanjeev Gupta, above; Barford Bellevue Hill, left.

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Rare earth

COVER STORY

There is only so much Noosa to go around, so the race is on to secure a piece of paradise in this Sunshine Coast playground.

B y SU E WILLIAMS

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t’s one of the most beautiful coastal towns in Australia – and now Noosa is officially home to one of the country’s most breathtaking prestige property markets, too.

Latest figures from the Domain Group show that the median price of apartments in Noosa Heads leapt by the highest percentage of any other local government area in the country over the past five years, by 80.4 per cent, while houses rose by a substantial 57.5 per cent.

And that stunning growth could not be characterised more clearly than by the price

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history of one glorious house at Sunshine Beach now on the market. Nearly two years ago, the seven-bedroom home at Seaview Terrace was sold for $15.2 million by tennis champion Pat Rafter. Today, it’s being offered – albeit with a complete refurbishment and upgrade in the meantime – for an astonishing $20 million.

“There’s been incredible capital growth over the last couple of years in Noosa and it continues to be a very buoyant market,” says selling agent Tom Offermann. “People are having difficulty finding better forms of

investment than property with the banks having problems and shares being so volatile.”

Paul Arthur, chief executive of Queensland Sotheby’s International Realty, is now considering opening a new prestige property office in Noosa after testing the waters with the 13-bedroom, Hayven estate at Noosa Waters listed with price expectations of more than $12 million. “Noosa’s had a real resurgence and we’re seeing a lot of high-net-worth individuals out of the southern states and New Zealand who want to spend the colder months there, as well

YOUR AGENT Tom Offermann, Tom Offermann Real Estate

“This is a front-row home with bespoke design and finishes, open-plan living, with courtyards open to the sky, an infinity pool, and ocean views from most rooms.”

as downsizers and younger professionals and families mostly in the tech space.”

Limited land, a council keeping a tight rein on development and population caps have all helped to keep the property market in Noosa strong, says president of the Noosa Chamber of Commerce Janet Kake. “It’s all about supply and demand and we have a limited number of properties and area,” she says.

A three-bedroom apartment at 55 Hastings Street has also just sold for slightly under $11 million, smashing the record for an apartment price on the Sunshine Coast. “People’s priorities are changing these days,” says agent Roark Walsh of Tom Offermann Real Estate.

“They’re looking for lifestyle and climate and cashed-up buyers are coming out of Sydney, Brisbane and Melbourne, as well as expats.”

Sunshine Beach Sunshine Coast 46 Seaview Terrace $20 million

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For sale Agent: Tom Offermann Real Estate, Tom Offermann 0412 711 888

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Hampden

by RMA

HAMPDENBYRMA.COM.AU

LIVING IN

38.541° S, 143.975° E

LORNE ROBERT BLACKBURN \ VISIT VICTORIA

Nestled twixt the ocean and the bush, Lorne is an idyllic spot, yet the locals don’t seem to mind sharing it. B y K ATE FARRE LLY

YOU MAY LIKE ...

Lorne

Rob Lowther knows when he’s onto a good

School mates were engaged to complete the

thing. He’s only in his 30s but when asked if

shop fit-outs and graphic design elements and

Surf Coast 1223 Great Ocean Road

Lorne is likely to be his forever home, he

Lowther’s aim in business is to be “approachable

$4.45 million

doesn’t hesitate.

for everyone”.

“We’ll always be in Lorne,” he says. “It’s an

to soak up the town’s natural charms, swimming

town like it.”

and surfing or walking in the surrounding bush.

The young restaurateur grew up on a dairy farm

Estate describes Lorne as “a brilliant place of

school in Lorne and is now raising his own family

natural beauty”, where the locals enjoy a tangible

and running three busy eateries in the seaside

sense of place. “People who live in Lorne have a

town on Victoria’s iconic Great Ocean Road.

great passion towards the town,” he says. “When

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you’re in an area like this, and can enjoy the town

Lowther returned to Lorne and opened Pizza

for the natural amenities it has, it’s not hard to

Pizza with school mate Brett Graham. Two

walk around with a smile on your face.”

years later, the pair opened the Bottle of Milk,

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Agent Ian Stewart from Great Ocean Road Real

in nearby Deans Marsh before heading to high

After a driving tour of Europe in his early 20s,

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When he’s not busy feeding the town, he likes

awesome place to live, there’s just no other

a gourmet burger cafe that frequently appears

Tourist favourite

For sale

on lists of Australia’s best burger joints.

Popular with tourists in summer, Lorne also

Agent: Great Ocean Road Real Estate Lorne,

attracts crowds at festival times. The annual

Ian Stewart 0418 522 571

mad Iceland, they opened an ice cream parlour

Falls Festival at the end of the month will bring

Watch the sun rise over the ocean from Big

on the main street.

top music talent to town, while the world’s largest

Hill Estate. The two-storey residence adjoining

ocean swim, the Lorne Pier to Pub, will mark its

beachfront reserve is clad in timber and Corten

40th year in January. Unique sculptures transform

steel and has multiple outdoor living spaces

A key ingredient to the pair’s ongoing success

Lorne’s foreshores every two years in October

making the most of the ocean and bush vistas.

is the support and skills of the local community.

and each year in May thousands of runners hit

And this year, after a research trip to ice cream-

Team effort “It’s a family affair,” says Lowther. “In our business, my mum cooks the relishes, biscuits

the pavement between Apollo Bay and Lorne

The sweeping ocean

for the Great Ocean Road Running Festival.

beach at Lorne is picture perfect and

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runs, my sister is the manager at the Bottle of

between sleepy town and buzzing beachside

a mecca for summer

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Milk and Brett’s sister does the books.”

retreat.

sunseekers.

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and sauces, my dad does the recycling and tip

Lowther reckons Lorne has the perfect balance

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YOU MAY LIKE ...

LUXE LIFE WATERFRONT

Sovereign Islands

It’s a Lexus, but not as we know it

Gold Coast 6 Queen Guineveres Place $3.595 million

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ne of the greatest insults you can throw at a luxury car is to suggest that it handles like a boat.

What, then, are we to make of a luxury boat that, presumably, handles like a car, because it wears a Lexus badge?

This is the question that plagues us as we consider this curious maritime move by the world’s biggest car company (Toyota, which owns Lexus) while wafting through the effusively expensive enclaves of Fort Lauderdale and Boca Raton in Florida.

The Lexus LY 650 is a 65-foot, open-ocean flybridge cruiser, built with the help of one of America’s premier boat builders, Marquis Yachts.

Most pronounced is the striking bronze, silver and black colour scheme, but there’s also its modern profile, with windows that run almost the full length of the hull. It looks fast.

Significantly more expensive than any landlubbing Lexus, the LY 650 starts at $5.4 million and stretches to almost $7 million if you tick all the option boxes. It offers a top speed of 33

knots, a cruising speed of 26 knots and a range of between 250 to 300 nautical miles. Yet, despite its serious numbers, the Lexus impresses more for its luxurious Nuvolari Lenard cabin.

You can lounge about on three outdoor couches or sit at the cocktail bar with its exquisite eucalyptus cabinets or the dining table surrounded by sumptuous linen lounges.

Downstairs are three generous-sized state rooms, each with en suite, and a main cabin that’s as gorgeous as a luxury hotel suite.

The LY 650 does, of course, handle like a boat, but this time that’s OK.

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The problem with buying a $5 million-plus boat like the Lexus LY 650 is that it demands an appropriate setting. Fortunately the views across Kings Bay from this ocean-access Gold Coast residence fit the bill perfectly.

For sale Agent: Alex Phillis Real Estate, Alex Phillis 0468 547 267

The Lexus LY 650 is an open-ocean flybridge

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cruiser that simply

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oozes luxury.

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Noosa’s Resplendent Sunshine Beach Jewel

Infused in a masterpiece, commanding presence and explosive views of the Coral Sea, Sunshine Beach and beyond, there’s a private path and a few footsteps to the dazzling white sand.

Sitting on, within the dune and viewing seaward, the sculpted H-form is generous, discreet, confident and intrinsic to passive sustainability. Courtyards are open to the sky and lavish finishes include marble, mosaics and stupendous milky-white Venetian plaster.

Price: $20m

S E E M O R E AT O F F E R M A N N . C O M . A U 46 Seaview Terrace, Sunshine Beach, Noosa.

Tom Offermann: 0412 711 888 NOOSA’S HOME OF PRESTIGE PROPERTY

SUNSHINE COAST – TIMELESS APPEAL, ENVIABLE LOCATION 31 Gilbert Street, Buderim Introducing ‘Argyle’…The epitome of classic and refined elegance with a highly sought-after Buderim ‘on top’ position. Offering brilliant dimensions with timeless architecture, this solid home feels planted and structurally dominant, making it perfect for now, with scope to add your own style for contemporary indulgence. Spacious open plan living spanning two levels offers an exceptional north-facing panorama of both ocean and hinterland. From serene sunrises to Mother Nature at her most spectacular, these views are uninterrupted, and they are yours forever. Set on a level 1,012m2 allotment and located in one of Buderim’s premium streets, walking distance to the village and just minutes to elite schooling and coastal beaches. This lovingly cared for home is now offered to the market for the first time in over 20 years.

• Premier Buderim Location, Walk to Town • Spectacular Ocean & Hinterland Views • Open Plan Design, Elevated Ceilings • 4 Spacious Bedrooms (3 ensuited) + Office • Large Kitchen with Smeg Appliances • Ducted Air-Conditioning, Ceilings Fans • Triple Garaging & Workshop Space • Minutes to Elite Schools, Uni & Beaches

4 Bed | 4 Bath | 3 Car | 1,012m2 Tender Closing Midday Monday 13th January Inspect by Appointment Danny Redman Jonny Marshall Office

0418 731 588 0481 102 039 07 5445 2844

www.kenguybuderim.com.au

SUNSHINE COAST – NATURAL SPLENDOUR MEETS ELEGANCE

11 Bed | 8 Bath | 10 Car | 56.6 Ha

‘Kiamba Estate’ 53 Upper Hutton Road, Kiamba The pinnacle in Sunshine Coast property offerings, this spectacular domain has been thoughtfully designed and built by an award-winning developer. Creating a compelling, effortlessly functional, luxurious and entirely private family compound surrounded by 2.5km of river frontage and 56 hectares of unspoiled bushland. Just 90 minutes from Brisbane and within an easy drive to the Sunshine Coast Airport, University, elite schools and beaches. ‘Kiamba Estate’ presents a dream lifestyle in an unrivalled location. Held by three successive family generations for over 100 years, this is a once in a lifetime opportunity and the door is now open for your private viewing.

• Four Separate Residences • European Design with State of the Art Finishes • Spectacular Hinterland Views • 5km of Graded Walking/Riding Trails • 10 Acres of Grassy Paddocks, Organic Orchard • 3 Phase Power & Full Security • 10kw Solar Farm, Backup Diesel Generator • 10x14m Boat Storage Facility, Ample Shedding

Expressions of Interest Inspect By Appointment Danny Redman 0418 731 588 Jonny Marshall 0481 102 039 Office 07 5445 2844 www.kenguybuderim.com.au

‘Hickory Hill’ Southern

Highlands

This architecturally designed 4 bedroom home on 80 acres. Polished concrete floors, vaulted ceilings, double sided fireplace, clever thermal design features with views from every room including the internal plunge pool with swim jets & spa. Additional character cottage with 4 bedroom, 2 bathroom, machinery & shearers shed. 40ML water allocation.

Price Guide $2.5 Million Samuel Lindsay 0404 647 609

24 WINGECARRIBEE STREET, BOWRAL www.drewlindsay.com.au | (02) 4861 2799

sales@byronbayfn.com 02 6685 8466

EAST WARDELL

• 118.2 HA untouched property, unparalleled in size for beachfront

Inspect:

By Appointment

Price Guide:

Contact Agent

Enquiries:

Helen Huntly-Barratt - 0412 332 232 Su Reynolds - 0428 888 660

• Less than 20 min from Ballina Byron Airport Close to 300 acres on the beach affording absolute privacy & seclusion

• Perfect to subdivide or create a single grand Hamptons style estate • 3 separate titles - all with beach access & building entitlements • Several potential build sites with stunning views (STCA)

118.2 HA

35 Fletcher Street, Byron Bay, NSW 2481 www. byronbayfn.com.au

• Approximately 1km of absolute beach frontage

Hayman Island - The Ultimate in Luxury and Sophistication Your dream holiday island retreat! Secluded, private, yet with facilities of the adjacent InterContinental Hayman Island Resort available to you. A butler, chef or housekeeper is just a phone call away. Internationally renowned architect, Kerry Hill, was commissioned to create this stunning hilltop home. In the midst of the beautiful Great Barrier Reef, this amazing location with breathtaking views across the sparkling Coral Sea, is further enhanced by the stunning architecture and quality build. ‘An enviable lifestyle available to so few!’

www.queenslandsothebysrealty.com

4A4B2D1E Hayman Island Great Barrier Reef Queensland, Australia FOR SALE Contact Agent Carol Carter +61 414 760 305 carol.carter@qldsir.com

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BROOKFIELD 63 McMullen Road ‘ARCADIA’ BROOKFIELD'S MOST SUPERB ACREAGE ADDRESS! • • • • • •

Architecturally designed lifestyle with a 2.7 acre piece of hilltop gold 25 metre sparkling in ground pool and full size tennis court Separate self-contained one-bedroom apartment Views to Mt Coot-tha, Mt Gravatt, Mt Elphinstone and the D’Aguilar Range Brookfield State School and Kenmore State High School catchment 15 mins to Indooroopilly, 25 mins to Brisbane Airport

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View as advertised or by appointment For Sale By Tender Closing 3:00pm, 12 December 2019 Contact 07 3120 2350 Matt O'Neill 0423 693 550 Emma Flatley 0401 006 689

belleproperty.com/31P1291

Collaroy Road – Guanaba – Gold Coast Hinterland – QLD 4 bed / 3 bath / large office / mini cinema / huge games/gym room / 1 br cottage Dual Living and only 12 minutes from MovieWorld. 11 acres of prime horse-country on the Coomera river. A prestige property with Hampton style elements set in park-like surroundings. Imposing lounge with granite fireplace. Recycled timber chefs kitchen. Resort style master bedroom and en-suite. Unique wrought iron staircase. Beautiful limestone and Blackbutt flooring. Numerous bespoke features. 1 br cute Cottage, 10Kw solar, extensive paddocks, stables, sheds, and workshop. A country oasis 50 minutes from Brisbane and close to everything the Gold Coast has to offer this property is one of a kind. Call to inspect. www.facebook.com/CollaroyRoad

Ross Janetzki: 0422104702

AN UNRIVALLED SELECTION OF EXCLUSIVE ADDRESSES

REGISTER YOUR INTEREST CBREPENTHOUSECOLLECTION.COM 1800 244 428

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