Domain Prestige - April 21, 2021 by Domain Magazines

21 APRIL / 2021

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

CLASSIC TASTE A serving of delicious de sign

B y K ATE FARRE LLY

Point Piper Sydney 6/6 Wentworth Street $12 million-$13 million J E N M E LO CCO

For sale by negotiation Agent: 1st City Real Estate Group, Julian Hasemer 0412 207 206 A fresh start can happen at any time of your life, and the story behind the

Set within the exclusive Kilmory Estate, this

luxury Brisbane apartment in our Yellowtrace feature in this edition proves

garden apartment has 473 square metres of

that. “Moving out of their suburban home of 40 years, and being of

indoor-outdoor living space on title, including

retirement age, our clients needed this apartment to serve as their home for

grand living spaces with soaring 3.7-metre

this new chapter of their lives,” explains Chloe Middleton of Brisbane-based

ceilings. There’s a Corian kitchen – with Liebherr,

Alcorn Middleton Architecture Office. Turn to page six for the full story and

Gaggenau and Miele appliances – a covered

pictures of the resulting unique apartment in Kangaroo Point. Talking of

terrace, a private garden and access to a

times of changes, there’s no doubt that we are seeing a seismic shift in how

communal indoor pool and gym.

we see regional property today. In The Property Investor we look at what the boom in the regional market means for those looking to invest outside the main capital cities. And in Living In we visit the Sydney upper north shore suburb of Killara and reveal its attractions.

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

DESIGN DIGEST Earthy appeal

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

YELLOWTRACE Apartment therapy

5 6

Digital edition Visit domain.com.au/ digitaledition

O U R COVE R 57 Endlerley Road, Clayfield

TOBY SCOTT

LIVING IN Leafy and lovely

Listed by Place Estate Agents Ascot PAG E 3

PR E ST IGE

THE PROPERTY INVESTOR A regional view

9 11

Clayfield Brisbane 57 Enderley Road 5

Auction: May 8 Agent: Place Estate Agents Ascot, Drew Davies 0421 078 273 An impressive extension by architect Tim Stewart has added light-filled living spaces to this character home that retains many beautiful period features including herringbone floors, coffered ceilings, leadlights and an open fireplace.

Portsea

Northbridge

Mornington Peninsula 26-30 MacGregor Avenue

Sydney 27 Neeworra Road

$10 million-$11 million

$6.5 million

For sale by negotiation

Auction: April 29

Agent: Peninsula Sotheby’s International Realty, Patrick Sinn 0418 378 759

Agent: Ray White Lower North Shore,

Paul Bangay-designed gardens wrap around a tennis court, heated pool and

Stewart Gordon 0409 450 644

reflection pond at this 3380-square-metre estate in one of Portsea’s most

This renovated family home comes with a heated

coveted streets. Every room in the L-shaped house steps out to a verandah,

pool and is close to Clive Park Beach, golf and

with the lounge boasting a perfect northerly aspect and a wood fireplace.

sailing clubs, and Bonds Corner Cafe.

PR E ST IGE

Prestige. Panache. Position.

Expansive and luxurious penthouse and sub-penthouse apartments are now available at The Grace Albert Park Lake. Combining gorgeous lake or city views, the very best fittings and finishes, and access to a truly exceptional range of amenities and services, The Grace is redefining retirement living in Melbourne. Each three-bedroom apartment includes an entertainer’s kitchen with marble bench tops, Miele appliances and a butler’s pantry. What’s more, concierge services and amenities such as the rooftop terrace, piano lounge and wellbeing spaces are yours to enjoy at your leisure. Inspect today. Call 0477 775 786 or martine@thegraceapl.com.au thegracealbertparklake.com.au

WORLD-CLASS RETIREMENT APARTMENTS

DESIGN DIGEST

Timeless terracotta A material of traditional Italian craftsmanship, terracotta remains beautiful and versatile. C o m p i l e d b y PAU LIN E M O RRIS SE Y ON THE TILES Cotta Manetti’s range of terracotta tiles features a mix of colours from soft browns to deep-burnt orange. Produced in a wide range of shapes and sizes, they open up myriad possibilities. They are available exclusively in Australia through Artedomus. artedomus.com

SIMONE FIORINI

IN AND OUT Made from warm terracotta contrasted by minimally slender steel, the Louie Table by Tom Fereday is hand-made in Italy, available in two different sizes and designed to work in both indoor and outdoor spaces. spacefurniture.com.au COTTA MANETTI

TOP HAT Clean lines

COOL BREEZE A collaboration between Adam Goodrum and

and a strong form

Brickworks, Kite Breeze is a modern take on the classic Australian breeze

define the Hats

block, combining a new geometric design with the original’s familiar

Pendant by Melbourne

practicality. Available in white, dune and terracotta. brickworks.com.au

lighting studio South Drawn. It comes in various sizes and finishes, including a terracotta “hat” paired with a spunaluminium shade for an elegant statement. southdrawn.com.au

PR E ST IGE

COURTESY OF JONES

“Our clients needed this apartment to serve as their home for this new chapter of their lives.”

YELLOWTRACE

b y DANA TO MIC H U G H E S

Retirement living without the cliches

arm-toned timber joinery, striking rattan screens, gleaming mosaic tiles, marble and stone accents meet a bold but astute palette and assured art and design choices in this Brisbane apartment for a retiring couple. Sheer curtains veil the glass perimeter, allowing just the right amount of golden light to enter and animate the interior. Architects Joel Alcorn and Chloe Middleton, directors of Brisbane-based Alcorn Middleton Architecture Office (AMAO), have given a new, more vivacious and homely lease of life to a residence in the Bureau Proberts-designed highrise building in Kangaroo Point. Located in Brisbane’s most prestigious residential location, the single-floor apartment sits in the awardwinning building that runs parallel to the

PR E ST IGE

Brisbane River, directly overlooking the CBD. “Moving out of their suburban home of 40 years, and being of retirement age, our clients needed this apartment to serve as their home for this new chapter of their lives,” says Alcorn. This homely impression was what they instantly felt was lacking after buying the apartment. “Our clients were not looking to downsize,” explains Middleton. Measuring a generous 377 square meters, the new space was larger than their suburban home. “They were seeking convenience, security and privacy with this new address,” she says. “We were sought after to compose and further define various areas of the apartment, offering full design services.” AMAO addressed room layouts starting from entry, living, dining, kitchen and outdoor

entertainment to the main bedroom, en suite and rumpus rooms. Big on entertaining, the couple weren’t keen on the original, open-plan layout. Kitchen functionality and access to the walk-in pantry became the project’s top priority, giving rise to AMAO’s boldest move – rattan sliding doors positioned in front of the island bench, designed to ward off unwanted guests in the kitchen. AMAO’s design approach to the home’s builtin joinery was to use it for delineating zones in the open-plan layout without obstructing or inhibiting the magnificent views. The joinery also took into consideration the age of the clients. “We ensured any protruding edges were rounded and that all units were lifted off the ground for ease of cleaning, and

AMAO redesigned the Kangaroo Point apartment to suit the owners’ ages and aesthetic preferences. TOBY SCOTT

[increased] the height and access into the new storage spaces, thereby minimising bending towards the floor,” explains Alcorn. Middleton says the rattan screens further developed on this ideology, adding the ability to obscure the kitchen clutter – “creating a barrier while maintaining a view to the CBD and ventilation via the perforation in the rattan”. As the couple move on from their home of many years, this vibrant home serves as an elegant and high-spirited inner-city residence designed to be enjoyed in their next life chapter. The best part? There’s not a single retiree pastiche in sight. I don’t know about you, but for me – that’s a major life goal right there. yellowtrace.com.au

PR E ST IGE

LIVING IN

33.7686° S, 151.1635° E

KILLARA

It’s not unusual for young resident adults to move out of Killara but return later to raise their own families. B y K ATE FARRE LLY You don’t need to be a member of the Killara

YOU MAY LIKE ...

East Killara

Gazzoli says he is a regular witness to the

Golf Club to appreciate the tree-lined, undulating

unique bonds created within a social hub like

Sydney 84 Springdale Road

fairways sprawling across more than 50 hectares

the golf club, which sometimes span several

$5.4 million

of tranquil parkland.

generations.

On the south-west side of the geographical

“The strong community ties are really evident

heart of the Sydney suburb, the course has just

at the functions held here and within local clubs

has a $5 million facelift with new greens, bunkers

like Rotary and Probus.”

and surrounds, providing neighbouring properties

Stone Real Estate Lindfield principal Steven

with a manicured outlook studded with majestic

Kourdis says the local clubs act as the social

trees. There are cypress and cedar groves, hoop

centres of the upper north shore, with families

and bunya pines, brushbox, blackbutt, white and

the key demographic in a region known for its

red gums and stands of tallowwood.

top public and private schools.

The golf course, which celebrates its 122nd

birthday this year, adds to the generous tree

Space to grow

canopy which gives the upper north shore its

Kourdis, who grew up in Killara and has been

“leafy” reputation.

selling property there for 16 years, says it’s not

Killara scores well for open space, tree cover

uncommon for residents to move out as young

For sale

and topographic variation, and also for safety,

adults and then return to raise their own family.

Agent: McGrath Lindfield, Glenn Curran

amenities and train access.

“When their kids reach school age, they seem

0418 437 896

to return and embrace what they knew and

Set on 1250 square metres within the Killara

loved growing up: the parks everywhere, the

High School catchment, this double-brick home

Killara Golf Club general manager David Gazzoli

open space, the excellent schools and the

spans two storeys, has a pool and Peter Fudge-

grew up in the surrounding suburbs and raised

security,” he says.

designed gardens. There are several living spaces,

Family favourite his own family in Killara over the past 25 years. “It’s a wonderful area to bring up children,” he

The suburb is blessed with lots of lifestyle

a Gaggenau kitchen and a custom home office.

properties boasting tennis courts, swimming

says. “We’ve always had a good fabric up here,

pools and magical gardens; the trick is finding

good society and amenities, great sports fields

enough stock to meet demand when more and

Killara, says agent

and golf courses, the theatre and railway. The

more buyers are seeking the luxury of space.

David Gazzoli, is a

Hover your camera over the

“wonderful area to

code to see Domain listings

bring up children”.

in Killara

shopping centres of Lindfield and Gordon are to either side and growing all the time.”

“It’s a blue-ribbon suburb that always seems to appreciate in value,” says Kourdis.

PR E ST IGE

Expressions of Interest

IMBIL (MARY VALLEY, QUEENSLAND) 936 Yabba Creek Road

Opportunity Plus on Almost 50 Acres Located in the growingly popular Mary Valley in South East Queensland (less than two hours from Brisbane Airport), is this property with it all. An immaculate modern four bedroom home with in-ground saltwater pool, sauna, large covered entertaining area, four bay carport as well as a 4 bay work shed with high access, with solar on both the car port and shed. The balance of the property includes rainforest areas, paddocks of Kikuyu & Rhodes grass with shelters and troughs and a 50 meg water licence for the bordering Yabba Creek (connec�ng the Borumba Dam and the Mary River). This rare combina�on of usable land with access to sandy beach areas oﬀ the creek oﬀers the perfect poten�al for a tourist des�na�on; Ideal for powered & serviced camping sites on the river side, canoeing, shing, equestrian events and so much more! Contact us today for more informa�on or to organise your private inspec�on.

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2.5

THE PROPERTY INVESTOR

JAMES HORAN \ DESTINATION NSW

Get outta town – the big city exodus City folk are looking at unlocking equity and pursuing investment opportunities in regional destinations. B y SU E WILLIAMS

Houses in Byron Bay leapt 26 per cent over 2020 to a median of $1.15 million.

ydney may always attract the lion’s share of the nation’s investment funds, but it’s the regional towns of NSW which, largely due to COVID-19, are now roaring into life. With so many people rethinking the need to live in the cities, working remotely and looking for a more relaxed, healthier and often more affordable lifestyle, a major move out is underway – and, with it, sharply rising regional rents and prices. “It’s always a good idea to invest in the right regions,” says Simon Pressley, head of property market research, investors and buyers’ agency Propertyology. “So many of them now have good infrastructure, like healthcare and retail centres, diverse economies, and some of the NSW regions have had the best-performing property markets in Australia, like Byron Bay and Orange. “Investing and moving into those areas has been a major trend for the past five years, and COVID-19 has really accelerated that trend.” The figures plainly show the attraction for investors. House prices in Byron Bay, for instance, leapt 26 per cent over 2020 to a

median of $1.15 million, on Domain Group figures; those in Parkes in the Central West jumped 24.1 per cent to a still incredibly affordable $335,000 and Kiama rose 20 per cent to $1.02 million.

“The regional areas are now really outperforming the capital cities.” Other lifestyle favourites Orange saw the median price rise by 15.1 per cent to $495,000 and Mudgee by 10.6 per cent to $470,000. Rents, too, are increasing fast in many of those sea-change and tree-change destinations. The top NSW mover last year was Yass Valley in the south-west, where weekly rents climbed by a staggering 51.4 per cent to $530 a week, largely as a result of the migration of so many

Canberrans, with house prices rising 11.2 per cent to $665,000. Then there was Richmond Valley in the Northern Rivers, with a 14.3 per cent rise in rents to $400 (while prices climbed 7.8 per cent), Eurobodalla on the south coast, up 12.8 per cent in rent to $485 (and prices up 9.5 per cent to $590,000) and the Bega Valley, with rents up 12.8 per cent to $450, and prices 7.7 per cent up to $595,000. “The regional areas are really outperforming the capital cities and experiencing some huge growth,” says Dr Nicola Powell, Domain senior research analyst. “As people from the cities move into some of these areas, on their city salaries, they’re helping push up prices and rents even more.” Many investors are now leveraging the equity in their homes in the capital cities to explore opportunities in the NSW regions. Mortgage brokers FinVu director Gerard Hansen says he has several clients researching these areas to decide where best to place their finances. “Then they tend to buy a place and set them up for rentals or for Airbnb, with some of the banks now accepting Airbnb rents as an acceptable income,” he says. “Usually, the yield is pretty similar to that of the capital city, like around 2.5 per cent, but they’re investing for other reasons. “That may be for capital growth or many are thinking that, down the track … they might eventually transition to live there, especially if they can work remotely.”

PR E ST IGE

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Visit domain.com.au/owners

3B May Street, Scarborough, Perth, WA 4

Modern Beach Shack High on the Hill CLOSING DATE SALE Absolutely all offers presented by 5pm Tuesday 27th of April (Price guide mid-high $1million's)

This brilliant beach side location is Perth’s ‘Coogee’. Unique, modern and the quintessential beach home encapsulating Australian living at its best. Just a stone's throw from the beach, this prime hill top location offers superb views in all directions on 3 opulent packed levels serviced by lift or stairs so all family members, young or old are catered for with every level displaying unparalleled comfort, and style.

WEST COAST

- Remote security-gate access to complex - Instantaneous gas hot-water system - 8 car total storage – 6 secure (behind gates – 3 are garaged) - Carpeted flooring - 100% NZ wool - Timber flooring - NSW Blackbutt - 3 phase power = a simple conversion by a change of switch for electronic car charging - Solar power – the current power accounts are just $100 approx. every 2 months

CONTACT AGENT Cam Greig 0411 888 891 camg@oneagency.com.au

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kayburton.com.au

9,677m² Private Noosa Beachfront Estate

Commanding the most spectacular presence on the absolute widest beach frontage of Noosa’s eastern seaboard, with explosive views of the Coral Sea, Sunshine Beach and beyond Coolum Beach, is almost a hectare of truly rare and much-coveted land. The perception of island life springs to mind with no neighbours and two football field lengths of dazzling white sand beach frontage. Offered as one or two lots. Auction Saturday 15 May 10am

S E E M O R E AT O F F E R M A N N . C O M . A U 2 David Low Way, Castaways Beach.

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

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Magnificent Riverfront Estate on 5.2 Hectares 14 Zelita Road, Moggill QLD

Expressions of Interest closes 30th April at 12pm (if not sold prior)

Rachael Spinks 0411 10 10 15 rachael@spinksco.com.au www.spinksco.com.au

Arrive at “White Waltham” and enter another world. Amidst the established parklands, an elegant home and summerhouse grace 306 metres of riverfront. Two tennis courts, swimming pool, orchard and caretaker’s home denote exceptional living and entertaining. This breathtaking estate has been over 50 years in the making. • • • • • • • • •

5.2 hectares of parklands with 306 metres of riverfront Riverfront, architect designed house and summerhouse Riverfront pool and pool house 2 tennis courts and tennis pavilion Caretaker’s house and shed Town water, tank water, bore water Close to primary schools, shops, pony club School buses for private and public schools Easy drive to CBD approx. 22 km and 30 mins to Brisbane Airport approx.