2 FEBRUARY / 2022
PRESTIGE THE BEST IN AUSTRALIAN PROPERTY
HEAVEN ON EARTH A clif fside ma s terpiece
A UNIQUE AND ELEGANT LIFESTYLE ONLY 35 MINUTES FROM THE BRISBANE CBD Build your luxury architect designed contemporary home surrounded by a Greg Norman designed championship golf course, and an abundance of natural bush and walking trails, you can feel the peace and serenity. Yet within less than 10 minutes’ drive of 11 leading schools, a major Shopping Centre, Mater Hospital, University Campus, Sporting venues, and electric commuter rail directly to Brisbane CBD.
Large Elevated Homesites Selling From $599,000
07 3814 5177 DRESSCIRCLE.COM.AU
B y K ATE FARRE LLY
Federal Byron Shire 388 Repentance Creek Road $12 million
J OSE PHIN E H U YN H
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Private sale Agent: First National Byron, Every now and then you come across a property on the market that
Denzil Lloyd 0481 864 049
simply takes your breath away. There’s no way to describe it, nor can you
Yarraga is a picture-perfect, lovingly restored
scramble to find the words if you try. All there’s left to do is soak in all its
1907 homestead sitting on 34 gently sloping
glory and imagine yourself there in an alternate universe. That’s happened
hectares a 25-minute drive from Byron Bay. The
to me countless times while crafting this edition of Prestige. Our cover
five-bedroom main residence is surrounded by
property in Palm Cove, Cairns, is what I dream euphoria looks and feels
formal gardens, bamboo groves and an income-
like. Perhaps it’s the yearning of having no care in the world or more like
producing macadamia orchard. There’s a
gripping onto to the final remnants of the holidays, but the Cliffside
separate two-bedroom guest cottage.
property, despite it’s six-car basement and shelf of top design accolades, simply lets the salt, the sand and sounds of birdsong speak for itself.
O U R COVE R 9 Colonel Cummings Drive, Palm Cove Listed by McGrath Coolangatta/Tweed Heads/Tweed Coast PAG E 9
HOT PROPERTY Editor: Josephine Huynh josephine.huynh@ domain.com.au Editorial producer: Paige Tonna Group picture editor: Kylie Thomson Senior designer: Colleen Chin Quan Graphic designer: Emma Staughton National managing editor: Alice Stolz Chief executive officer: Jason Pellegrino
DESTINATION NSW
DESIGN DIGEST A fresh take on an old classic
FEATURE STORY The worth of architects’ brands
LIVING IN Skyrocketing seaside suburb
THE PROPERTY INVESTOR Bright economic horizons
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 Digital edition Visit domain.com.au/ digitaledition
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Wagstaffe Central Coast 6 Bulkara Street $12 million
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Expressions of interest: Close 5pm, February 7 Agent: Belle Property Killcare, Cathy Baker 0414 241 005 Winner of the 2018 HIA Australian House of the Year award, this Hamptonsinspired deep-waterfront residence is set to topple the region’s house price record. Facing north over Brisbane Water, the designer home comes with an infinity pool, a boat shed, and a shared jetty and mooring.
Flinders
Palm Beach
Mornington Peninsula 18 Meakins Road
Gold Coast 1/15 Jefferson Lane
$7.8 million-$8.5 million
$6 million +
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Auction: 1pm, February 6
Expressions of interest: Close February 16
Agent: RT Edgar Flinders, Samantha Moffatt 0431 702 838
Agent: DP Project Marketing,
Offering a four-bedroom main residence, a self-contained four-bedroom
Deborah Provost 0408 652 963
guest cottage, a large timber barn (with loft and kitchenette) and a helipad,
There’s nothing but lawn between home and the
Spring Gully Farm is a lavish rural estate complete with a tennis court and
ocean at this garden apartment, one of seven
swimming pool set over 10.5 hectares.
whole-floor dwellings in a new boutique building.
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WHY LIVE ANYWHERE ELSE? Yves puts the focus on sophisticated design, superb craftsmanship and a return to rediscovering the best things in life, in the coveted neighbourhood of Mermaid Beach. yvesmermaidbeach.com.au Call Alex: 0432 846 501
PROUDLY DEVELOPED BY
Artist impression
DESIGNED BY
DESIGN DIGEST
Check-mate! Serving a good dose of nostalgia, these designers have put their own touches to the check motif. C o m p i l e d b y PAU LIN E M O RRIS SE Y SET THE TABLE The Small Checkers tablecloth by Bonnie & Neil features original artwork by Bonnie Ashley that is hand screen-printed on white linen, in thyme or tan colours. Napkin sets in this same design are also available. bonnieandneil.com.au
HOLIDAY MODE A wonderful collaboration between the Daniel Emma studio and fashion designer Emma Mulholland has resulted in a limited-edition range of iconic Soft Chairs with Mulholland’s signature check print. daniel-emma-store.com
MADE WITH LOVE
GINGHAM STYLE Authentic, unique and well-made, Kip & Co’s ever-evolving bedding range sees a
As part of her ever-
playful mix of bold colours and patterns, often featuring tactile tartans and statement stripes. They
evolving collection of
give the option to mix and match to add further creativity. kipandco.com.au
sculptural ceramics, artist and designer Layla Cluer of Softedge Studio often produces a range of hand-formed bowls and plates painted in a chequered pattern of varying colours. softedge.studio
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FEATURE STORY
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great design by a well-known and respected architect can add huge value to a home, increasing the resale price by as much as 50 per cent, according to experts. “A successful architect-designed home might make 30 to 50 per cent more than an unremarkable building of the same size in the same location,” says Stuart Gan, sales agent of Coast Realty on the NSW Central Coast. “If the architect is well known and has a following, that can also bring a lot of interest to a property too. You want a home to be very cleverly designed to make the most of its position, aspect and light.” A good example is a home he’s selling at Pearl Beach. It was designed by architect Kati Westlake in 1990 to face north and capture views of the sand, ocean and bushland from every level and room. The whole building on Green Point Road was cleverly pivoted and aligned at an angle to achieve the brief. Because that’s exactly what architects can bring to projects, advises Tony Giannone, national president of the Australian Institute of Architects. By talking to the client and working out what would best suit the site and their
Clever design adds allure … and value Property experts, agents and buyers all agree: architects can hugely boost a home’s aesthetic appeal and liveability. B y SU E WILLIAMS
lifestyle, and end up with the greatest aesthetic and environmental result, they’re able to come up with designs that might be unimaginable to the rest of us. “A good architectural design adds another layer of attractiveness to a home,” says Giannone. “It also adds more in terms of the longevity of a property by making it generational and adaptable to the next buyer’s lifestyle too. “People in this COVID environment also tend to have different demands of their homes in terms of outdoor living and working from home
too, so a good design would be flexible enough to accommodate that, too.” Certainly, when accountant Sharron Probert and husband David bought land on a clifftop at Palm Cove in Tropical North Queensland, she didn’t hesitate to engage an architect to come up with the best solution. She settled on renowned architect Roger Mainwood, whose work she admired and whose brand she knew would bring even more allure to the final result. He didn’t disappoint with a home on Colonel Cummings Drive that was cantilevered off the cliff to maximise the panoramic ocean views
Architect-designed properties at 8 Green Point Road, Pearl Beach, above; 9 Colonel Cummings Drive, Palm Cove, top right; and 38 Carters Avenue, Toorak, below right.
over Cape Tribulation, and which also dug down into the solid rock to create an underground home gym and 1200-bottle wine cellar. “I didn’t want the house to look like a square box,” says Probert of Cliff House, which was completed in 2013 and which has now just been put up for sale. “That could have been done a lot more cheaply but we wanted something much better designed. “So, now we have a house that is so beautiful and very easy to live in, and with no supporting poles getting in the way of the view. “Everything in the house flows, and we use every room and the views are never overwhelming as they’re all framed.” The house, which took five years to build, also has lofty ceilings, an infinity pool, multiple decks and wooden panels throughout, in Burmese teak, tallow-wood and black bean timber, with interiors by Stephen Collins. Agent Jason Monk of McGrath Coolangatta/ Tweed Heads/Tweed Coast says it’s a stunning example of how magnificently an architectdesigned home can fit its setting. “I think it has added enormous value,” he says. “An architect is even more important when you have views or you’re on the waterfront, so you can capture those views and increase the value of the property immediately. “A well-known architect can potentially add even more value, especially if they have some history or street cred in the area. People will know their style or their quirks and actually seek them out.” An architectural brand is certainly useful, so clients understand from the beginning what they can expect from a particular company or practitioner, says Phillip Rossington, principal of architectural firm BVN. “I always find it funny when people phone you
saying they just went through a phone book or heard your name,” he says. “We then say they probably need to do a bit of research as you make a lot of decisions together and you need to be able to trust your architect. “An architect will design for the individual and according to the site and the possible floor space and to make the best use of the solar and environmental aspects rather than just flopping out a home,” he says. “Having a house absolutely tailored to its owner is a wonderful privilege to enjoy.” In Melbourne’s Toorak, architect Robert Buckerfield from Buckerfield Architects designed a home – with Hecker Guthrie doing the interiors – that’s also just hit the market. Over five levels on Carters Avenue, it’s topped with an entertaining zone on the roof, and bottomed with a wine cellar and tasting room. Agent Phillip French of Jellis Craig Stonnington says it’s been beautifully designed. “It has so much light and is so well set up with an internal lift to all levels and all modern technology,” he says.
Pearl Beach Central Coast 8 Green Point Road $8 million +
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Expressions of interest Agent: Coast Realty, Stuart Gan 0456 786 586
Palm Cove Cairns 9 Colonel Cummings Drive $7.15 million +
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Private sale Agent: McGrath Coolangatta/Tweed Heads/ Tweed Coast, Jason Monk 0416 263 646
Toorak Melbourne 38 Carters Avenue $3.7 million
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Private sale Agent: Jellis Craig Stonnington, Phillip French 0411 090 987
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Endless Possibilities Endless possibilities describe this spectacular property on offer at Agnes Water. Comprising 3 separate titles with a total of 24.47 hectares, retain all three or sell or develop one or both of the vacant properties with building pads ready to go and separate street access. This property may be a permanent home for the new owners or an opportunity to take in guests as a luxury bed & breakfast. With 365 degree views this custom designed home is light and airy with expansive views in every direction over the coast, bushland and national parks. Comprising an internal courtyard, open plan spacious living and entertaining spaces, this 4 bedroom home is simply stunning, in an amazing location with awe-inspiring views.
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‘K2’ 181 Streeter Drive Agnes Water For Sale Contact Agent View Inspection by Appointment Michael Vettoretto 0438 705 745
NOTHING COMPARES. queenslandsothebysrealty.com
LIVING IN
28.1038°S 153.4355°E
BURLEIGH HEADS MARC LLEWELLYN
Forget the hurly-burly of other Gold Coast destinations at this laid-back ’burb and it’s famous beach. B y PAU LIN E M O RRIS SE Y As the Gold Coast continues to grow
YOU MAY LIKE ...
Burleigh Heads
“The recent trends in our local market have
exponentially fuelled by waves of sea-changers,
been changing rapidly from the sale prices to the
Gold Coast 7 Tawarri Crescent
there’s a certain suburb to keep an eye on; one
demographics,” Martin says. “Take, for instance,
$4.31 million
where proud locals embrace its inherent beauty
7 Tawarri Crescent, which sold in June 2020 for
and laid-back vibes, and enjoy views of the more
$2.415 million – to a family with four children from
frantic areas of the city off in the distance.
Canberra – then, 18 months later, is back on the
Cue Burleigh Heads, a seaside suburb spoiled
interest from the likes of interstate families and
Norfolk pine-lined beach, a burgeoning
young professional couples.”
break. All of which begs the question: Is this the
Live like a local
real surfer’s paradise?
While Burleigh’s natural beauty lies in its
On the up and up
“high street” is found in James Street, where a hub of cafes, restaurants and boutique stores
of Kingfisher Realty, these reasons are why
reside, including poke-bowl restaurant Finn Poke
Burleigh has more permanent residents than any
and burger bar Two Yolks, owned and operated
other suburb on this coastal strip, attracting not
by local restaurateur Jem Jacinto.
newcomers eager to call this charmer home. “You tend to see a large family demographic in
Expressions of interest Agent: Kingfisher Realty,
“We are lucky enough to have two businesses in this popular spot of Burleigh Heads, both of
Conal Martin 0418 885 767
which match the fun and energetic vibe of the
Striking, all-embracing and award-winning;
Burleigh due to its safe and convenient
local lifestyle and provide a level of sophistication
environment, along with high-end professional
that this community demands,” Jacinto says.
couples and retirees who choose to move here
He moved to the area from Los Angeles four
Tawarri House is a luxurious residence within an
The Norfolk pines are an
exclusive locale. It features polished concrete
icon of the beach at
floors and high, raked ceilings.
for the weather, lifestyle and world-class
years ago with his wife Yvette and their now six-
Burleigh Heads.
facilities,” Martin says.
year-old son, and the family have come to happily
The suburb, once
adopt the Burleigh way of life.
popular among retirees,
Going from strength to strength, Domain’s
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coastlines, creeks and parklands, a traditional
According to Conal Martin, founder and principal
only holiday-goers but also an evolving slew of
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market with a price guide of $4.31 million, gaining
with a lush national park backdrop, a famous cosmopolitan scene and a world-class surf
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latest House Price Report shows Burleigh Heads’
“We expect the future will bring a larger
now attracts young
Hover your camera over the
median house price grew 35.8 per cent over the
interstate presence who will join our ever-
families and
code to see Domain listings
year to $1.195 million.
growing community,” he says.
professional couples.
in Burleigh Heads
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TENDER
66 Nolan Street, Whitfield l INTIMATE FAMILY HOME WITH STATELY PROPORTIONS
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No. 66 sits conveniently on the very edge of the city, in one of Cairns most desirable suburbs. This private sanctuary located at the foothills of Whitfield Mountain Ranges, framed by rainforest reserve, and seasonal stream, and almost one acre of North facing elevated land with resort pool, flood lit tennis court.
FOR SALE BY TENDER
An intimate family home with stately proportions, the residence must span more than 500 square metres under roof offering multiple formal, dining, and living areas. The property has undergone an entire renovation from front to back, Architecturally the classic traditional style is complimented perfectly with modern cutting-edge design, with high vaulted cathedral ceilings and walls of glass providing an overwhelming generosity of light and space.
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Inspect: By private appointment View: www.rem.ax/3Kvh24p Sean Thorpe | Tajana Turkovic M 0431 052 490 | 0421 365 347 E seanthorpe@remax.com.au RE/MAX Real Estate Services, Cairns
remaxcairns.com.au
47 Heavey Crescent, Cairns QLD 4870
Each office independantly owned and operated.
07 40 444 888
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DOMBARTON 338 Paynes Road RAINFOREST SPLENDOUR IN THE ESCARPMENT FOOTHILLS • Spellbinding country lifestyle just 20 minutes from Wollongong • 9.59 hectare parcel wrapped in magnificent escarpment views • Oversized family homestead complete with wraparound deck • High raked ceilings, established gardens, separate studio cottage • Just 90 mins south of Sydney, and 20 mins from Shellharbour Airport
belleproperty.com/35P8198
AUCTION Fri 4 Feb 5.30pm Belle Property Auction Centre 46 Harbour Street, Wollongong VIEW Sat 29 Jan 2.30pm - 3.00pm GUIDE $3,200,000 - $3,500,000
xx 4228 0888 Nicole Kay 0411 669 920 Darren Kay 0411 187 768
THE PROPERTY INVESTOR
IAN SPAGNOLO
Conditions still favour investment Despite hints at earlier than expected increases in interest rates there are many good reasons to buy property for rental. B y SU E WILLIAMS
R
Coffs Harbour remains an attractive town for residential investment.
esidential property investors should take heart from the predicted bounceback in the economy over 2022 – but with a few caveats. While the uplift in the expected economic growth rate from 1.5 per cent in 2020/21 to 3.75 per cent in 2021/22 could prove a major boost, a sooner-than-forecast rise in interest rates and delays in reopening international borders could inhibit returns. The federal government’s Mid-Year Economic and Fiscal Outlook, released in December, provided a rosier picture, with a drop in unemployment to 4.5 per cent and 4.25 per cent in 2022/23, and wage growth of 2.25 per cent and 2.75 per cent. “The economy and the Australian property market are always significantly intertwined and as the economy – and wage and profit conditions – improve, then people have a lot more confidence about investing in property,” says Hayden Groves, the national president of the Real Estate Institute of Australia. “Their family balance sheets are looking
healthier, they see the value of their own homes increase, they’re ready to move to homes that better suit their aspirational lifestyle, and they’re happy to put more money into property.” As borders open, Groves also believes rents will rise because of more demand for rental
“The economy and … property market are always significantly intertwined.” properties, with vacancy rates already low in many places around the country. That, in time, will also feed into properties’ capital growth. “We won’t see that at the record levels we saw in 2021, but we do anticipate continued steadier price growth,” he says. One limiting factor, however, may well be an
earlier lift in interest rates, says Jeremy Thorpe, the chief economist of financial services firm PwC Australia. Most onlookers are convinced it will happen much sooner than the Reserve Bank’s original insistence on 2024. “We believe it’s going to happen much faster – this year, or late 2023 – but they could be the biggest challenge to come out in the current environment for those investing in property,” Thorpe says. “The other factor is that we were optimistic with the borders about to free up and having more international visitors and overseas students to contribute to the labour market and economy, but this looks like being delayed by Omicron.” Generally, however, prospects do look promising for the year. The pandemic has increased savings, which means many more buyers have been able to put more money down as a deposit to reduce the size of their loans. At mortgage and home loan brokers Eventus Financial, chief executive Alex Veljancevski says even if interest rates do rise sooner rather than later, they will still remain at historically low levels, and there are plenty of towns where prices are still low and yields strong. His latest research has found the top place in Australia for returns is Safety Beach in Coffs Harbour on NSW’s north coast with a 4.1 yield and a $765,000 median price, and in second place is Tyabb on Victoria’s Mornington Peninsula with 3.6 per cent yield and a median of $715,000.
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