Domain Prestige - June 30, 2021

30 JUNE / 2021

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

COOL & CALM A water front family sanc tuary

kollosche.com.au

Waterfront Trophy Mansion In a League of Its Own

Scan to Kollosche website

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26 Hampton Court, Sovereign Islands Auction On-Site, Wednesday 7 July at 4:00pm 5

6.5

26.8m

Phone for a Private Viewing Michael Kollosche 04111 888 15 William Sarti 0416 808 454 Matt Lanyon 0402 669 933

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1,113m2*

700m2

Experience the highest standard of luxury waterfront living in this striking Sovereign Islands estate which delivers exquisite design in an exclusive private locale. ‘Bellagio’ makes a bold statement from the street where curved concrete architecture establishes an impressive presence. Expectations are exceeded inside where a newly completed renovation achieves seamless, sensual sophistication over four levels. A sleek black kitchen, spacious living and dining zones spill onto an outdoor balcony where a panoramic vista spans the Broadwater to the hinterland. An indoor leisure room complete with heated pool and a built-in BBQ kitchen is the ultimate year-round entertaining space. *approximate

kollosche.com.au

B y K ATE FARRE LLY

Mosman Sydney 18 Mandolong Road $7 million-$7.5 million E MILY WATKINS

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Auction: July 10 Agent: The Agency North, Jon Snead 0408 160 527 One pandemic-induced trend that isn’t going away just yet is our flight

It’s a short stroll down the hill to beautiful

from the city. And while some are lucky enough to keep homes in the city

Balmoral Beach from this character home where

and the country, an increasing number of Australians are choosing to move

period details blend with modern updates. A

permanently to the country or the coast. So, if that new home is to be

selection of living spaces provides options for

permanent, why not start from scratch? In our feature story this week, we

families of all ages, with the north-west terrace

speak to two of Australia’s leading architects on how to choose the best

the perfect spot to watch the sun sink over

spots to build for great views and increasing property values. One area that

Middle Harbour.

has well and truly boomed is NSW’s Northern Rivers region, which we’re visiting in Living In this week. Bangalow’s housing market is tightly held, with its residents loving how close it is to Byron Bay but without the crowds. And heading even further north, The Property Investor asks whether it’s a good time to invest in Darwin.

Acting editor: Emily Watkins emily.watkins@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

Residential sales: Queensland Brad McLeod 0429 571 826 New South Wales Belinda Sinclair 0414 580 903 Victoria & Tasmania Ray van Veenendaal 0438 279 870 Western Australia, South Australia & Northern Territory Jeroen van de Peppel 0427 292 797

HOT PROPERTY

DESIGN DIGEST Warm embrace

FEATURE STORY The best spots to build

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Digital edition Visit domain.com.au/ digitaledition

O U R COVE R

LIVING IN

55 Kyle Parade,

Bangalow

Kyle Bay

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Listed by McGrath

THE PROPERTY INVESTOR

St George PAG E 5

Turning to the Top End

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Kyle Bay Sydney 55 Kyle Parade $6 million-$6.5 million

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Auction: July 10 Agent: McGrath St George, Sasha Tasic 0426 888 388 Complete with a resort-style pool, a huge, level lawn and access to a shared jetty, this two-storey waterfront home includes a self-contained studio and multiple al fresco zones.

Sovereign Islands Gold Coast 26 Hampton Court 5

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Auction: July 7

Coopers Shoot Byron Bay 59 Coopers Shoot Road $22 million

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For sale

Agent: Kollosche, Michael Kollosche 0411 188 815

Agent: Century 21 Plateau Lifestyle,

The long list of notable features at the newly renovated Bellagio includes

Oliver Hallock 0455 287 122

26.8 metres of water frontage, a sleek Miele-appointed kitchen, a wine

On a 5.6-hectare lot with amazing ocean views,

tasting room, an eight-car garage, an internal lift and an indoor heated pool.

Hercules comprises two luxury homes with pools,

There is also deep-water mooring for luxury cruisers at its pontoon.

two guest bungalows and commercial buildings.

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DESIGN DIGEST

Warm embrace Organic textures, earthy colours and illuminating designs evoke a sense of calm and a warm embrace. C o m p i l e d b y PAU LIN E M O RRIS SE Y ALL AGLOW Designed by Shanghai-based architecture and design firm Neri&Hu for Artemide, the nh Wall Lamp is a white blown-glass sphere suspended from a brushed brass ring which, in turn, hangs from a wall rod. stylecraft.com.au

CHRIS WARNES

SLEEP TIGHT Australian brand Cultiver offers a wide range of luxurious bedding made from 100 per cent linen woven from European flax. The range comes in a wide collection of colours to mix and match. cultiver.com.au

UNDERFOOT

TAKE IT EASY The Easy Armchair is a re-edition of Swiss architect Pierre

Celebrating the

Jeanneret’s 1950s mid-century modern design, made from ethically sourced

perfect imperfections

Burmese teak with an upholstered option in velvet. Sold exclusively through

of hand-dyed and

Tigmi Trading. tigmitrading.com

spun wool, the Agra rug by Armadillo was inspired by the timeless elegance of traditional antique rugs. It’s available in three different sizes and a selection of earthy tones. armadillo-co.com

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FEATURE STORY

For sublime design, start in a good place Two of Australia’s top architects discuss what it takes to create the best in prestige homes. B y SU E WILLIAMS

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Main Boneo Country House by John Wardle Architects is all about the views on the Mornington Peninsula.

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n excellent location is always important when building, buying or renovating a property, but for prestige home-owners it’s absolutely critical.

While they want to enjoy their precious leisure time as much as they can, they also want to ensure such a major asset grows in value.

“There are a number of fundamental ingredients to deciding on the right location,” says internationally acclaimed architect Rob Mills, who’s designed some of Sydney and Melbourne’s most beautiful homes, as well as many overseas.

“The starting point is proximity to an international airport or within an hour and a quarter’s drive to a major city.

“The next things are a temperate or warmer climate, views of the water and either boating in a safe harbour or a beach, and a good culture.

You need to have quality produce available, great stores, cafes and restaurants.”

Mills’ A-list locations for prestige properties include Portsea on the tip of Victoria’s Mornington Peninsula, Palm Beach on Sydney’s northern beaches and Noosa, the jewel of the Sunshine Coast.

Then, closer in, he favours Point Piper, Darling Point, Elizabeth Bay, Vaucluse, Bellevue Hill and Mosman in Sydney, and, in Melbourne, South Yarra, Toorak, Armadale, Brighton and Hawthorn.

In Brisbane, a favourite is Hamilton, in Perth, Dalkeith and, in Tasmania, anywhere around Hobart’s Civic Square.

Less anticipated tips are Umina on the central coast of NSW, Aireys Inlet on Victoria’s Great Ocean Road and Airlie Beach on Queensland’s Whitsunday coast.

But that’s not to say that the coastline further away from the main cities doesn’t have its special spots too.

One of the things world-renowned architect John Wardle loves most about Australia is that there are so many gorgeous rural landscapes that continue right down to the ocean.

“That means you can have a remarkable retreat on an incredible part of the coast, but you can also have a productive farm,” he says.

“That can be a very valuable antidote to our lives in the cities.

Clockwise from left Rob Mills’ Mowbray in Brighton; Fairhaven Beach House by John Wardle Architects; Rob Mills believes the pandemic has focused clients on creating a sanctuary at home.

SAM D’AGOSTINO

“At the same time, however, I’m always aghast when I see people build ‘city houses’ in the countryside or on the coast.

“You see them in both NSW and Victoria, and they’re really inappropriate buildings and look appalling when you apply a city aesthetic to a very different landscape.”

As well as making sure such houses fit their setting, with the use of the right local stone and timber and sustainable design, and with careful regard to the area’s history, the owners of such houses also have an obligation to make a contribution to the place, and to the community of which they become a part, Wardle believes.

At his own home on Tasmania’s Bruny Island, he planted 10,000 trees and turned a third of the property into a sanctuary, winning the Greening Australia Award for the most sustainable farm in the state.

“That’s something I’m very passionate about,” Wardle says.

His favourite areas for prestige properties are on the south coast and central coast of NSW, on the west coast of Victoria near the Great Ocean

Road, around the Margaret River in Western Australia and the coastline of Tasmania, from the wild, rugged land of the west to the agricultural lands of the east coast.

Yet, not everyone chooses to have both a city house and a home in the country or at the coast in these post-pandemic days. Now, many more MARK ROPER

Left Rob Mills Architects created the Great Ocean Road Residence as a home away from home.

prestige property owners are choosing to combine the two – or three – Mills says.

Instead of facing the difficulties of travelling between their various homes, especially if any are overseas or interstate, and bearing the expense of capital gains tax, a number are now planning renovations of their existing places of residence to give the houses much more of a resort feel – a peaceful, sensory escape from the hustle bustle of life outside.

For some, that means a series of living spaces to enjoy with family and friends, places to play games and share meals, outdoor living areas, a movie theatre, plenty of garaging for car collections, and wellness centres with a gym, a sauna and a massage space.

“Travel can be difficult these days, and people are time-poor, so they want to make sure they can have the best living experience possible at home,” Mills says.

“As a result, prestige property, now more than ever, requires a triple-A location. It doesn’t make sense to build an exotic house anywhere that’s not quality.”

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2B River Road, Maroochy River 34 Acres of Pure Bliss!

On-site Auction Saturday, July 3rd at 4pm

• • • • • •

Your own piece of paradise on approx 220m. river frontage with sensational views Highset home includes 3 beds, 2 baths, high ceilings & traditional wrap-around verandah Converted 3-bay shed with 2 bedrooms, outdoor shower & industrial lighting Powered jetty & pontoon with fresh water + a boat ramp, 3 x water tanks total of 139,200L Plenty of room for a number of different activities, wheelchair friendly home 10 mins to the beach, 17 mins to the Sunshine Coast Airport & 5 mins to the Bruce Highway

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5 Open to View

Saturday 3-4pm Thursday 4:30-5pm

Jamie Wyvill 0458 526 439

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LIVING IN

28.6868° S, 153.5227° E

BANGALOW

Bangalow is a can-do community that lives a chilled-out lifestyle close to the beach and the airport. B y K ATE FARRE LLY On a visit to family in Bangalow 11 years ago, Ben

YOU MAY LIKE ...

Bangalow

“When you’re in Sydney and you go to the Royal

Alcock and his wife Grescha Brewer thought it

Easter Show each year, it doesn’t feel personal,”

Byron Bay 18 Pioneers Crescent

would be a lovely place to retire to … sometime.

he says. “But when you’re in a small town and

$16 million

Fast-forward two weeks and the couple were

they have an annual agricultural show the

packing up their Sydney home and making the

community gets excited about baking cakes and

move after a serendipitous job vacancy landed

lamingtons, and the kids are baking shortbreads

Brewer a job at the local aged-care facility.

and doing artworks and entering in pavilion

“It was a crazy set of circumstances,” Alcock says. “If it hadn’t happened that fast we probably would have talked ourselves out of it. We thought

Alcock describes the Bangalow community as a

and we’re still here 11 years later, embedded in the

slightly quieter life. He believes living beyond the

community. We’re still pinching ourselves about

city is a great way to buy time to chase dreams.

Perhaps not so little: Alcock has his fingers in

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it and it’s super-fun!” creative, entrepreneurial bunch looking for a

Getting involved

5

categories. It’s pretty hard not to get caught up in

we would give it a year or so and see how it goes,

this little life we’ve created up here.”

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“It gives you the headspace to look up and look around, which you sometimes miss when you’re on a bus for 45 minutes, looking at your phone.”

many local pies, from a financial technology

So central

For sale

start-up to a first-rate film festival that

Alcock loves having Byron Bay close by and also

Agent: Ed Silk Byron Bay, Ed Silk 0418 660 063

premiered at the Bangalow Showground earlier

enjoys visiting the surrounding towns of Clunes,

With sweeping district views from its ridgeline

this year and is set to become an annual event.

Brunswick Heads, Lennox Head and Federal.

position, this contemporary residence with a

“Once you open yourself up to the community

Ed Silk Byron Bay principal Ed Silk says the

horizon-edge pool sits on almost 40 hectares,

lots of things swim into view and you can

whole region offers so much while also being

currently home to 3500 macadamia trees and

participate as a punter or sometimes get lucky

close to the coast and the airport.

enough to get stuck in as an operator,” he says.

He reports increasing migration from out west,

300 finger lime trees.

Away from the crowds

Alcock has worked on ABC North Coast radio,

with farmers downsizing to Bangalow, and plenty

of Byron Bay but still

freelances as a writer and content producer and

of interest from Sydney and Melbourne families.

close by, Bangalow offers a slower, rural

Hover your camera over the

Bangalow Show off the back of his aunt’s pickled

held, with homeowners building their dream

lifestyle in a vibrant

code to see Domain listings

onion recipe.

properties and staying on to “live the dream”.

community.

in Bangalow

dabbles in pickling, winning blue rosettes at the

Homes at the top end of the market are tightly

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THE PROPERTY INVESTOR

SANDLA

Top End’s bottom line looks good With its good weather, relaxed lifestyle and strong property and rental market, Darwin is an attractive proposition. B y SU E WILLIAMS

D

Darwin house prices rose by 9.1 per cent in the March quarter.

Apartment prices were up 20.2 per cent.

arwin used to be the only city in Australia where people preferred to talk about fishing, the footy, the weather, the latest croc story… anything other than property. But no more.

Now, at every dinner party, every bar, and every coffee shop, the stunning rise in prices in Darwin’s housing market is the subject on everyone’s lips.

“Well, it is pretty incredible,” says Chris Clarke of Real Estate Central NT. “And now Darwin seems to have become the most attractive place in Australia.”

He has a point. The city has seen a flood of people from Victoria, NSW, Queensland and South Australia coming to settle in a territory capital that’s been virtually untouched by COVID-19.

It has a balmy climate, a famously relaxed lifestyle and, as Australia’s least populated capital – just 147,231 residents and a density of about 46 people per square kilometre – it has even more post-pandemic charm.

“Darwin is an amazing place to be,” says one of the latest arrivals, radiologist and nuclear

medicine specialist Dr John Eng, who’s just moved from Victoria with his family and commutes back every three weeks for work.

“There’s no COVID, it’s tropical and it’s great for kids. There’s also much more space, and housing prices are a lot more affordable than in Melbourne. It’s only a four-hour flight, and you

“We’ve had a lot of interstate buyers looking to get away from COVID.” could easily spend four hours in a car to go somewhere, so this is the best of both worlds.”

With demand for property surging, investors are now seeing good growth, excellent returns and minuscule vacancy rates. Over the quarter to the end of March 2021, on Domain Group figures, house prices in Darwin rose by

9.1 per cent, second nationally only to Canberra’s 9.7 per cent. Over the past year, apartment prices rose 20.2 per cent.

Rents are strong too, with the median weekly rent for a three-bedroom house sitting at $505, up 19.5 per cent over the past year, and a twobedroom unit at $400, up 14.3 per cent on 2020. And, of perhaps even more interest to investors, vacancy rates are now the secondlowest – after Hobart – of the capital cities at 0.5 per cent, down 80.9 per cent over the year.

Real Estate Institute of Northern Territory president Quentin Kilian is enthusiastic.

“Everyone should be buying here, particularly investors,” he says. “We consistently have rental yields over 5 per cent, the highest in Australia.

We were the first to open our borders, and the migration north started in June last year.

“We’re seeing so many Victorians, in particular, relocating up here, and why wouldn’t they? It’s 32 degrees outside today.

Property here is so much more affordable ... you’re getting much more for your money.”

Indeed, the median house price in Darwin is now $554,295, and units $293,731 – both the lowest of all capital cities.

“We’ve had a lot of interstate buyers looking to get away from COVID and wanting a nice climate and a good lifestyle,” says Kerri-Ann Laurence of North Property NT. “I sold a beautiful house the other day for $1.37 million in a good suburb that would cost $6 million to $8 million elsewhere.”

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NO. 7 FIELD STREET

MT. LAWLEY

LUXURY RESIDENCES INSPIRED BY MT. LAWLEYS HISTORIC HEART

A LOVE LETTER TO MT. LAWLEY Offering uniquely designed floorplans with city views, vast verandahs and courtyards, No. 7 features an elegant marble lined lobby and a magnificent central garden atrium.

Townhomes feature private courtyards each with their own street front access.

Superbly detailed interiors include; • Herringbone timber • Feature marble • Skirting boards and intricate cornices • 2.7m ceilings • Miele or Gaggenau appliances • Underfloor heating • Ability to personalise

Private resident amenity includes; • Lush pocket park • Heated pool • Gymnasium & yoga studio • Timber-lined sauna • Luxurious dog washroom • Large private storage • Concierge-style deliveries room • Electronic vehicle charging • Solar panels

NO. 7

6 LUXURY

TOWNHOMES 24 RESIDENCES DISPLAY OPEN

SALES SUITE OPEN SATURDAY & SUNDAY 11AM – 1PM AN UNREPEATABLE OPPORTUNITY.

1/80 WALCOTT STREET MT. LAWLEY, PERTH

Construction Commencing September 2021.

SARAH BROLSMA