Domain Prestige - February 10, 2021

10 FEBRUARY / 2021

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

THE HEAT IS ON Sunshine Coa s t is on the rise

B y K ATE FARRE LLY

Blairgowrie Mornington Peninsula 9-13 Mirino Street

$9.5 million-$9.9 million

J E N M E LO CCO

6

5

4

Auction: March 3 Agent: Whitefox Real Estate, Welcome back. I am so pleased to be bringing you our first edition of

James Hallahan 0434 517 572

Domain Prestige for 2021. After a hiatus in COVID-affected 2020, we are

This meticulously designed estate adjoins the

entering a luxury property world that has completely changed. In this edition

Mornington Peninsula National Park. Wrapped in

we look at the Sunshine Coast, an area that has seen an influx of new

Paul Bangay-designed gardens, the property’s

buyers. Many may have looked at regional areas such as Noosa as the ideal

luxury appointments include Lucca hand-

locations for a high-end holiday home in the past. There continues to be

chipped stone, leathered marble bench tops,

demand for that, but with the “work from home” phenomenon continuing,

hydronic heating and a 20-metre pool.

many are realising what a wonderful place the Sunshine Coast and other coastal hotspots are to live year-round. Others may be seeing such areas as a great investment, with high demand for rentals as Australians holiday at home. In a new column, The Property Investor, we look at the pros and cons of coastal homes.

Editor: Jen Melocco Jen.Melocco@domain. com.au Editorial producer: Paige Tonna Group picture editor: Vashti Newcomb Senior designer: Colleen Chin Quan Graphic designer: Emma Staughton National managing editor: Alice Stolz Group director, Consumer: Jason Chuck Chief executive officer: Jason Pellegrino

HOT PROPERTY

ANSON SMART

DESIGN DIGEST Modern crafts

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

COVER STORY Why the Sunshine Coast is hot

5 6

Digital edition Visit domain.com.au/ digitaledition

O U R COVE R Stonelea, Cooroy Mountain, Sunshine

LIVING IN Beach with a difference

Coast Listed by Reed & Co PAG E 6

2

PR E ST IGE

THE PROPERTY INVESTOR Buying a coastal rental

9 11

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

Toorak Melbourne 11 Montalto Avenue $8 million-$8.8 million

4

3

3

Expressions of interest: Close February 24 Agent: Kay & Burton South Yarra, Ross Savas 0418 322 994, Jamie Mi 0450 125 355 Set in a coveted tree-lined avenue, this home comes with herringbone parquetry floors, marble bathrooms and an entertainer’s kitchen featuring three Smeg ovens and a double Smeg cooktop.

Noosa Heads

Sunshine Beach

Sunshine Coast 18 Cooran Court

Sunshine Coast 24 McAnally Drive

$6.8 million

$6.5 million

4

4

3

4

3

2

For sale

For sale by negotiation

Agent: Tom Offermann Real Estate, Julie Bengtsson 0418 980 247

Agent: Century 21 Conolly Hay Group,

You can launch your paddleboard from your own beach when you call this

Mike Hay 0417 624 059

two-storey waterfront residence home. The four bedrooms each have an en

Enjoy incredible coastline views from this modern

suite, and a modern fit-out includes travertine floors, a stone-wrapped

home set just footsteps from the beach. It comes

kitchen, a media room and double-height ceilings in the main living room.

with a top-floor master retreat and a plunge pool.

PR E ST IGE

3

FOR SALE

North Maleny

5

4

4

Land Size: 40ha

Exclusive country estate on 100 acres If you have been searching for a truly special lifestyle in every sense, Barung Point will not disappoint. Situated on a private knoll overlooking and connecting to Lake Baroon, a superbly appointed country home takes pride of place in this magical, whisper-quiet 100-acre property in the North Maleny hills of the Sunshine Coast Hinterland.

All this just a few minutes away from the vibrant township of Maleny, yet worlds away amidst the tranquil ambience of its alluring natural surroundings. The grounds of this exclusive and aesthetic estate showcase a wide variety of established rainforest trees.

It begins with the formal Kauri pine-lined driveway which leads to the junction point between the demesnes of the main residence and of the fully self-contained guest cottage and barn. Both homes enjoy breathtaking views of Lake Baroon and beyond, with the scenic vista of the Pacific Ocean part of the backdrop on the gently winding drive. The property has its own access to Lake Baroon.

With interiors designed by the renowned Stuart Rattle, the main residence is a harmonious fusion of classic elegance, superb architectural detail and modern style. An expansive, open plan design awaits beyond the impressive entrance, with Brushbox timber and natural sandstone flooring, together with ten-foot ceilings, oversized windows and only the most exquisite high-end finishes.

For the discerning buyer, this is not to be missed. Every element of this one hundred acre estate has been meticulously crafted through the evolving vision of the owners, who are looking forward to sharing this enchanting property with the next generation.

Just a few minutes to the township of Maleny, 40 minutes to the beach and an hour and fifteen minutes to Brisbane airport, the location simply does not get better than this!

Price: $5,500,000 Contact RE/MAX Hinterland today for further information on one of Maleny’s finest properties.

Contact: 0447 737 737 Agency: RE/MAX Hinterland Ph: 07 5408 4220 Address: 2/10 Maple Street, Maleny Qld 4552

DESIGN DIGEST

Modern revival Age-old techniques and materials combined with good design can make something old, new again. C o m p i l e d b y PAU LIN E M O RRIS SE Y BLANK CANVAS The Canvas Chair is one of the last pieces by late designer Borge Mogensen, created to invoke a down-to-earth way of life. It’s available from Great Dane, featuring a European oak frame and linen canvas. great-dane.prezly.com

ANSON SMART \ JOSEPH GARDNER

COLOUR’S DAY Armadillo has launched Colour Play, an expansion to the colour offerings of its three best-selling rugs. The new collection inspires one to become more daring with using colour in the home. armadillo-co.com

GREAT DANE

SIDES WITH THAT ORDER Displaying

sculptural wall sconces. With an interlocking chain resemblance, each sconce presents a romantic

CHAIN GANG The latest from lighting design studio Articolo, the Loopi Collection includes two

elegant juxtaposition

interpretation of a piece of minimalist jewellery. articololighting.com

between rough and smooth, heaviness and lightness, the Bubble Side Table, designed by Daniel Boddam, pairs rammed concrete with blown glass. danielboddam.com

SHARYN CAIRNS

PR E ST IGE

5

Let the sun shine

COVER STORY

Locals and expats are flocking to one of Queensland’s premier locations to find a safe harbour that ticks the lifestyle boxes.

B y SU E WILLIAMS

E

merging from the shadow cast by COVID-19, Australia is saluting its newest prestige property star – Queensland’s Sunshine Coast.

With multimillion-dollar homes enjoying stunning beach and river views, a laid-back lifestyle, glamorous cafes, restaurants and bars, a huge upgrade of the local infrastructure and tightly controlled development, it’s suddenly ticking all boxes.

“We’ve been deluged with people from Sydney, Melbourne, Brisbane, the rest of Queensland

6

PR E ST IGE

and expats all wanting to buy and live here,” says Rebekah Offermann, of Tom Offermann Real Estate. “And the highest demand has been in our bluest-chip areas, which have seen huge capital growth.”

The latest Domain house report found prices in Noosa soared by 18 per cent in 2020. Those for the Sunshine Coast as a whole jumped 10.2 per cent, with more than half of that growth in the last quarter of the year alone.

Agents report the market is particularly strong in the $5 million-plus bracket. Offermann’s

office has sold no fewer than 35 homes over $5 million in the past year. The highest price of those that can be disclosed was $18 million.

“The hinterland is also now doing particularly well, which I think is being driven by a bit of a Doomsday scenario from some people,” says Alex Harris, of Noosa4Sale.

“They’re buying five acres [2.02 hectares] and houses with rainwater and solar and want to keep chickens and grow vegetables and have some space from neighbours.

Spots like Doonan, nestled between Noosa and

YOUR AGENT Kate Cox, Reed & Co.

“This is an immaculate build to commercial quality levels, where attention to detail is paramount.”

Eumundi, are a popular pick, as well as Lake Macdonald to its north-west and Cooroy farther west.

“The hinterland is now becoming as popular as the Byron hinterland,” says Alexander Payne, of David Berns Real Estate.

“People from all over Australia are now looking for a boutique resort lifestyle and they can find that there. Cooroy, for instance, is like the Toorak of the hinterland with some beautiful homes.”

At Cooroy Mountain, Stonelea, a master-built home on 6.5 hectares of private grounds complete with helicopter access, is on the market with a guide of more than $17 million, through Kate Cox, at Reed & Co Estate Agents.

“The level of the build is like that of a luxury hotel,” says Cox.

Cooroy Mountain Sunshine Coast Stonelea $17 million +

5

5

14

For Sale Agent: Reed & Co, Kate Cox 0438 695 505

PR E ST IGE

7

Invest in what matters this year LUXURIOUS 3 LEVEL HOME ON BRISBANE RIVER Characterised by architectural excellence, your spectacular freehold home in Hamilton sits right on the river’s edge.

From a 9m high void, Blackbutt timber flooring and natural marble stone features, to intelligent home automation, ducted air conditioning and European wine cabinets. Enjoy the convenience of your own lift and private outdoor terrace complete with a heated pool and built-in gas barbecue.

Limited opportunities remain to secure your expansive waterfront residence just 6km from Brisbane’s CBD.

4.5 POOL

Ar tist Impression

4+ LIFT

3+ 484sqm

MPR + STUDY $3,490,000

7 0 PA R KS I D E C I R C U I T, H A M I LTO N

BOOK YOUR EXCLUSIVE APPOINTMENT TODAY RIVERSREACH.COM.AU | 13 38 38

LIVING IN

26.460° S, 153.090° E

PEREGIAN BEACH VISIT NOOSA

The little township of Peregian Beach has been described as “Noosa’s eccentric Bohemian cousin”. B y K ATE FARRE LLY

YOU MAY LIKE ...

Peregian Beach

When landscape designer and artist Pete

Skal Coffee and Kellys, and for cocktails the new

Goodlet moved to Peregian Beach five years ago

bar at Captain’s Daughter, where you can also

Sunshine Coast 47 Lake Vista Drive

with partner Dave and their dog Thelma Louise,

enjoy fish and chips.

$1.975 million

he had already staked out his favourite coffee shop and fallen in love with the village vibe.

But he was still thrilled to discover just how good a fit the coastal town was to become.

Welcome party

There’s the upmarket Pitchfork for modern

6

7

Beach Hotel where Goodlet recommends the seafood linguine. Owners Kylie Plunkett and Sam McGrath are the driving force behind many community fundraisers.

“We found it incredibly welcoming,” he says.

“We’ve got a beautiful community garden, a

“Basically people chatted over coffee at the

tennis club, and fortnightly markets held at the

communal tables and were warm and interested.

beachfront park, which are followed by Peregian

I had an exhibition launch in the village after

Originals, an afternoon of live music on the

being here 18 months, and 120 people turned up

foreshore that will make you want to move here,”

to support me and enjoy social drinks.”

says Goodlet.

Goodlet describes Peregian Beach as “Noosa’s

7

Australian cuisine, and the refurbished Peregian

Cox says a walking and biking footpath

eccentric Bohemian cousin”, home to creatives

connects Peregian Beach to Noosa Heads and St

such as painters, sculptors and musicians. “The

Andrew’s Anglican College in Peregian Springs is

For sale

people who live here have a very creative bent.”

a drawcard for families.

Agent: Reed & Co, Kate Cox 0438 695 505

Reed & Co agent Kate Cox says many small

“The little town centre has a true village

On a large block, this property features a main

businesses sell locally made products, from

atmosphere where all the cafes and restaurants

residence, a shed with office, a three-bedroom

coffee and cakes to furniture and fashion.

spill out onto a quadrangle area. The town is

cottage and an art studio/office space. It can

growing in the right direction: beautiful food, nice

host an extended family and work from home. A

from Annie’s Books, where you can find his art-

people, young families, retirees and a mix of

resort-style pool is wrapped in tropical gardens.

cards and prints, to homewares stores Finders

different architecture from high-end beach

Keepers and Otilly & Lewis.

houses to modern townhomes.”

Goodlet has a long list of favourite retailers,

Hover your camera

While Goodlet is moving from our feature

Fab food scene

property on Lake Vista Drive to acreage in nearby

The town centre has

over the code to see

The town also punches above its weight in wining

Tinbeerwah, he says Peregian Beach will remain

a “true village

Domain listings in

and dining. For great coffee, Goodlet suggests

his “go-to spot”.

atmosphere”.

Peregian Beach

PR E ST IGE

9

1 0 1 1 R O S E B A N K W A Y H O P E I S L A N D R E S O R T, G O L D C O A S T Q L D Huge Opportunity First Time Offered Supberb Northerely Facing Riverfront Residence on 1154m2 The home has superior position in a premier street. A

• 5 large ensuited bedrooms (2 downstairs)

welcoming entrance leads you to something special with • Master Bedroom, huge ensuite & walk in wardrobe • 2 living rooms, dining room, TV room & powder room a casual elegance, coffered ceilings, an abundance of

5

B E D

6

B A T H

2

C A R /

2

B U G G Y

G A R A G E

1

AUCTION Onsite Saturday February 20 at 1:30pm OFFERS CONSIDERED PRIOR View By Appointment or call for open home times

natural light and a calming ambience picture framed by

• Large office with fireplace, wine cellar & water views

PAUL LEDGERWOOD

wide river views in the world class security Hope Island

• Deep 22.5m river frontage, 12m pontoon & 12m pool

M 0418 241 109 paul.ledgerwood@coastal.com.au

Golf & Marine Resort. FIRB exempt - Foreigners can buy.

• Garage for 2 cars, 2 buggies plus store room

A N D

CHARMAINE LEDGERWOOD M 0417 190 962 c.ledgerwood@coastal.com.au

View video & plans at www.realestate.com.au/134840438

K A T R I N A

P O O L

P E N E L O P E

Let the award winning team

help you with your real estate needs.

Call to inspect today!

Katrina Keegan & Penelope Nicholls

0424 926 446 katrina.penelope@coastal.com.au

612 ‘Mantra On View’ 3197 Surfers Paradise Blvd Surfers Paradise 1 Bedroom Studio Low Body Corporate Gross Returns $30,382 2019/2020

1007/1008 ‘Mantra Legends’ 25 Laycock Street Surfers Paradise 2 Bedrooms 2 Bathrooms $36,000 Net Return Guaranteed 2021/2022

3331 ‘Chevron Renaissance’ 23 Ferny Avenue Surfers Paradise 2 Bedroom High Floor Investment Permanent Rental Return Approx. $600-$650 p/a

40 'Pacific Views' 5 Woodroffe Avenue Main Beach Luxury Holiday Home Opportunity Estimated Rental Income $50,000-$55,000 p/a

FOR SALE $99,000

FOR SALE $450,000

FOR SALE $269,000

AUCTION

THE PROPERTY INVESTOR

ISTOCK

Investing in coastal hotspots There are ways to find a sustainable seaside property and satisfy your dreams at the same time. B y SU E WILLIAMS

I

Noosa region property prices rose by 18 per cent in 2020.

t’s easy to choose to invest in one of Australia’s coastal hotspots, but it’s the absolute hardest decision to get right.

Too many people fall in love with a beautiful home in a gorgeous seaside location, daydreaming about a laid-back lifestyle and further capital growth, and then buy on a surge of romanticism.

“Investing in property is a marriage, not a onenight stand,” says successful investor and founder of Freedom Property Investors Scott Kuru. “It should be a 10-year commitment, at least.

“So, you have to be very careful to do all your due diligence and remember the long-term fundamentals before throwing capital around.

“You can be less strategic and more opportunistic, but you do risk your returns being less, especially at a time when coastal properties have already gone up so much in price.”

The latest Domain House Report revealed that prices of houses in coastal areas of Australia nationally showed phenomenal growth over 2020, driven by a renewed appetite for a COVID-19 sea change or tree change, and being able to work remotely.

In NSW’s Byron Bay, for instance, prices rose by a staggering 37 per cent, in Western Australia’s Port Hedland by 30.4 per cent, Queensland’s Noosa region by 18 per cent, Victoria’s Mornington Peninsula by 14.6 per cent and South Australia’s Yorke Peninsula by 13.6 per cent.

The danger then is investing in a location that’s already at its capital growth peak, or beyond its peak. “Those places have been so popular, they’re booming, but investors may find they’re paying over the odds for property there,” says John Moore, general manager of the Property Investors Association.

“That might be difficult if tourism drops off or

“Investing in property is a marriage, not a one-night stand.”

there aren’t the amenities you need for the demographic that wants to rent properties longterm at the coast – like schools for families or health services for older people.”

It’s for those kinds of reasons that Domain senior research analyst Nicola Powell suggests investors look at areas close, or similar, to those that have shown record growth – Ballina rather than Byron, the Sunshine Coast beyond Noosa, and Warrnambool in Victoria.

“Ballina is like Byron’s poorer cousin, which has experienced good price growth, but still lower than Byron,” says Dr Powell.

“In Victoria, Warrnambool hasn’t had the hype of the Mornington Peninsula, but that’s still popular, while in Queensland, the Sunshine Coast would be my pick because it has a strong pull for retirees and will still see a flow of residents from the eastern states.

“They all have good fundamentals in that they’re close to transport and roads, the ocean and beach, and have good family facilities.”

Investors should always look for those basics, advises Suburbanite property valuer and investment adviser Anna Porter.

If the plan is to Airbnb the property, check the competition and maintenance costs.

“Otherwise, you need to find out whether there are enough potential long-term tenants in the area you’re targeting, with jobs and attractions for them to choose to live there,” she says.

“Don’t get swept away by a place; remember it has to be a sustainable investment for you.”

PR E ST IGE

11

Luxury Oceanfront Living

Dee Why

16-17/89 Dee Why Parade

3 beds

2 baths

3 cars

285sqm

Visit

Auction

Agent

Agent

As advertised or by appointment

Thursday 4th March at 6pm

Peter Mosedale 0408 177 207

Phil Feseha 0423 502 407

A bold statement in executive design, this outstanding North East facing apartment has undergone a masterful redesign combining two units to create one masterpiece exuding panoramic ocean views and double frontage.

View videos, photos and more of this amazing property and to see all our listings visit

upstate.com.au

Sell it, rent it or just sit tight Follow your home on Domain to see what your next move should be.

Visit domain.com.au/owners

GREG HOCKING HOLDSWORTH

A

59 York Street, St Kilda West

4

B

3

C

2

D

Boasting numerous architectural awards, a stunning design by renowned architects Kennedy Nolan, considerable sustainable features and thoughtful interiors, this one-of-a-kind family home is a bayside masterpiece

EOI

A discrete entrance to this double-fronted Victorian belies towering ceilings and ambient indoor/ outdoor social spaces that are saturated with light and panoramic views over the swimming-pool courtyard. Upstairs bedrooms offer an oasis of personal privacy, comfort and retreat.

Contact Simon Gowling 0422 234 644 Max Mercuri 0431 043 723 Belinda Noble 0418 188 859

Lifestyle and luxury enviably located in Albert Park College zone and with an easy walk to St Kilda Beach, Middle Park shops, Albert Park Lake, Fitzroy Street restaurants and public transport.

Albert Park 8644 5500

1

Close 1st Mar at 5pm

Inspect Inspect By Appointment

Michael Paproth 0488 300 800

greghocking.com.au

The Developer’s Collection W E ’ V E S AV E D T H E B E S T F O R L A S T A N D I N V I T E YO U T O E X P E R I E N C E T H E S E F O R YO U R S E L F. There aren’t many opportunities to own a waterfront property with lakeside views. Keggins is proud to release the last few jewels in the Kingston Foreshore crown. An exclusive collection of premium 3 bedroom, waterfront apartments are now complete and available.

SAPPHIREKINGSTON.COM. AU 1800 290 701