Domain Prestige - February 09, 2022

9 FEBRUARY / 2022

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

LUXURY ALLURE A garden re sidence beckons

B y K ATE FARRE LLY

Armadale Melbourne 1/35 Huntingtower Road $6.5 million-$6.95 million J OSE PHIN E H U YN H

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Expressions of interest Agent: Marshall White Stonnington, Marcus Chiminello 0411 411 271 There are those indescribable homes you come across that make your

Brilliantly designed by Jolson Architecture, this

heart skip a beat and that certainly was the case for this week’s cover home

three-bedroom garden home is tucked away on a

in Melbourne’s Armadale. Perhaps it was its wide arch windows inviting you

secluded, tree-lined street close to Armadale’s

to enter into absolute bliss, it’s dreamy interiors, the perfectly curated

bustling restaurants and schools. It presents a

plantings in the garden courtyard or the cascading greenery spilling from

picturesque indoor-outdoor lifestyle with a

the second level. Whichever way, it’s a work of art and, dare I say it, could be

European-style garden complementing the

my favourite cover to date. We also head to the Northern Rivers region of

charming loggia. Features include three-metre

NSW to a residence embracing brutalist architecture and inspired by notes

ceilings, a premium stone kitchen, gym and more.

from Brazil, before making our way back to Victoria along the Great Ocean Road coastline to pay a visit to Lorne in Living In, sprinkled among more grand homes on the market to discover all across the country.

O U R COVE R 1/35 Huntingtower Road, Armadale Listed by Marshall White Stonnington PAG E 2

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

DESIGN DIGEST Down to earth home buys

FEATURE STORY Taking cues from Brazil

LIVING IN Fall in love with Lorne

THE PROPERTY INVESTOR Understanding healthy yields

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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Mosman Sydney 13 Rickard Avenue $10 million

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Expressions of interest: Close 5pm, February 23 Agent: DiJones Mosman, Jacqui Rowland-Smith 0411 714 442 A team of miners spent three months excavating a sandstone tunnel connecting the double garage to the lift of this home. Beautifully presented inside and out, the property includes a self-contained, one-bedroom apartment on the first floor, water and city views from the second floor.

Samford Valley

Mount Martha

Brisbane 23 Currell Circuit

Mornington Peninsula 20 Ferrero Grove

$4.85 million +

$4.9 million-$5.2 million

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Private sale

Private sale

Agent: Belle Property Samford, Georgie Huag 0411 184 561

Agent: Bonaccorde Property Services,

Enjoy stunning vistas from each room of this retreat designed by award-

Brendan Collopy 0400 339 644

winning architect Chris Bligh. The expansive floor plan features light-filled

On 2546 square metres and wrapped in gardens

living spaces that open onto north-facing al fresco zones and a solar-heated

by Cos Design, Tanderra comes with a Miele-

pool. There are five bedrooms, three bathrooms, and a home theatre.

appointed kitchen and two living spaces.

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3 Bedroom Sky Home From $1,530,000

Discover unique three-bedroom residences that feel right at home in Fitzroy.

Materiality and detailing has been selected as a nod to the culture and character of Melbourne’s north, while areas throughout the home are considered and customisable to your life, maximising liveability and comfort. fitzroyfitzroy.com

Book Your Private Appointment at the Display Gallery 425 Smith St, Fitzroy Scan the QR Code to Register

Development Site: 421 Smith Street, Fitzroy 3065 Display Gallery: 425 Smith Street, Fitzroy 3065 Enquiries: Campbell Royston 0417 369 818 Follow us: @fitzroyfitzroyofficial

DESIGN DIGEST

Warm presence A curation of warm tones and natural materials helps to bring a sense of calm and texture to our homes. C o m p i l e d b y PAU LIN E M O RRIS SE Y TIMELESS TERRACOTTA Crafted and coloured entirely by hand, the terracotta Harold Vessel is part of McMullin & Co’s wider ceramics collection. It uses only sustainable and natural materials, and so exudes an organic feel. mcmullinandco.com

MODERNIST MAKE With a solid boomerang-shaped oak structure contrasted elegantly with an airy rattan backrest, the Booham Chair, designed by Daniel Boddam, exhibits modernist influences fused with an Australian sensibility. danielboddam.com

PERFECTLY IMPERFECT

PURPOSEFUL PAIRING A collaboration between Sarah Ellison and Alex Fitzpatrick of

Part of Tigmi Trading’s

light are each hand-blown, with Fitzpatrick’s signature crackled glass finish. adesignstudio.com.au

ADesignStudio has resulted in the Alchemy lighting collection. The wall light, table lamp and pendant

bespoke furniture collection, the Zellige Coffee Table highlights the imperfect beauty of Moroccan tiles, used in its plinth base design, together with brass detailing and glass. tigmitrading.com

DAVE WHEELER

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FEATURE STORY

Embracing the fine lines of a master This house in the Northern Rivers region of NSW was inspired by the work of Brazilian architect Marcio Kogan. B y PAU L B E S T

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t first blush, the houses – both big on wow factor – look like they could be twins. One is located in the NSW coastal town of Kingscliff, just south of Tweed Heads. The other is half a world away in Sao Paulo, Brazil.

The similarities are unmistakable: long spans of raw cantilevered concrete, softened by the warm tones of slatted timber and propped up by a stonewall, with breezy wide-open spaces underneath spilling out onto a paved terrace and swimming pool.

While they aren’t long-lost siblings, the resemblance is no accident. Gold Coast building

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designer Jayson Pate openly and purposefully drew inspiration for his imposing contemporary Kingscliff house, finished in early 2019, from Ipes House, designed by Brazilian master architect Marcio Kogan several years earlier.

Both houses embrace brutalist architecture, a 1950s modernist design style that favours bare building materials – notably exposed concrete – over decoration and ornamentation.

Also present are all the gorgeous hallmarks of the internationally renowned architect and his Studio MK27: simplicity, minimalism, highly detailed materiality and the seamless merging of interiors with the outdoors.

“I’m a big fan of Marcio Kogan’s work,” Pate says. “And so was the client. It seemed like a good starting point.”

In particular, they were drawn to the masculine nature, as they saw it, of Kogan’s design approach. In spite of this, there’s a clever lightness in the way the long, bold lines and attenuated horizontal cantilevered frames seem to elevate the buildings, as if they’re floating.

But there are differences. Like the slatted timber that bifolds on Ipes House, whereas Pate’s is fixed. And Kogan’s concrete has a more textured finish. Pate stresses he was taking inspiration rather than creating a copy.

His floor plan borrows from Ipes House as well. The ground-level spaces are similarly open and freely flowing, seamlessly connecting to the al fresco patio. Upstairs, north-facing bedrooms are set out in a row, the main bedroom with a sizeable walk-in wardrobe and en suite.

“We thought the floor plan to Ipes House would work with the nature of the vacant site the client brought to me,” Pate explains.

But the look and feel of the decor of the Kingscliff house strikes more of its own note –

YOUR AGENT Nick Witheriff, LJ Hooker Kingscliff

“You wouldn’t find many properties in Australia inspired by the design of such a famous Brazilian architect. It’s pretty special.”

blacks, stainless steel and dark timbers were used to reinforce the masculine strength of the building and give the interiors a moodier edge.

The kitchen, for instance, is strongly monochromatic. The main bathroom mixes black and chrome.

The other consideration is the suburban, almost village-like, setting of the property, whereas Ipes House is more rural.

“Ipes is super contemporary, whereas Kingscliff is more deluxe,” Pate says.

He designed the house to accommodate a family with growing teenagers. This meant big bedrooms with their own en suites, plus a gym and steam room, cellar, outdoor kitchen and poolside bar, generous laundry (with chute), high-tech entertainment and security systems and storage for bikes and surfboards.

LJ Hooker Kingscliff agent Nick Witheriff believes the versatile nature of the home will appeal to a range of buyers, including those looking for a getaway or investors after a boutique holiday rental.

While Pate says he has designed 20 houses in the neighbourhood, this is the first that’s

Kogan-influenced. He also points to other architects he has taken cues from – Argentina’s Ezequiel Amado Cattaneo and Spain’s Fran Silvestre. “In the Insta[gram] world, everyone’s work is so accessible to take inspiration from,” he says.

Kingscliff Northern Rivers 12 Cylinders Drive $6 million-$6.5 million

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Private sale Agent: LJ Hooker Kingscliff, Nick Witheriff 0405 618 477

Hover your camera over the code to see Domain listings in Kingscliff

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LIVING IN

38.54089° S, 143.975143° E

LORNE TRENT PERRETT

Once a must-visit town for sightseers and holidaymakers, Lorne is now attracting permanent home buyers. B y PAU LIN E M O RRIS SE Y

YOU MAY LIKE ...

Lorne

As countless road-trippers continue to wind

median house price, which has grown 10.9 per

their way along Victoria’s iconic Great Ocean

cent year on year to $1.6 million, according to

Great Ocean Road 4 Roache Court

Road, the idyllic seaside town of Lorne offers

Domain figures.

$2.95 million

hopeful sea-changers an enticing opportunity to embark on a more permanent journey; one that

Bush meets the beach

allows them to fully embrace the many benefits

While some things never change – like Lorne’s

of living in this charming coastal playground.

significant natural beauty – long-time local

A place to retreat While Lorne’s local market is and has always

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town has evolved with the times.

“Now it also offers luxury accommodation, a vibrant shopping strip and renowned

according to Ian Stewart, director of Great Ocean

restaurants,” he says. “In recent years, Melbourne

Road Real Estate Lorne, a shift is in motion.

culinary favourites like MoVida and Coda have come to call Lorne home, complementing the

cent of the total number of residential dwellings

already favourite Ipsos and reinforcing the town’s

are permanently occupied, reinforcing the

status as a bona fide foodie destination.”

seasonal and transient nature of our market,” he

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Jimmy Kambouris says the inner fabric of the

been, predominantly a “leisure market”,

“It’s interesting to note that in Lorne, only 24 per

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Kambouris is deeply rooted in the town he has

says. “However, over the past two years, we have

always called home. His family bought the

Expressions of interest

seen an increase in people utilising their leisure

historic Grand Pacific Hotel in 1975 and operated

Agent: Great Ocean Road Real Estate Lorne,

properties as their permanent residence.”

it for 23 years, so he spent much of his childhood

Ian Stewart 0418 522 571

there during the 1970s.

Across four lavish levels, this architect-designed

For those who are able to choose between working remotely in Melbourne or Lorne, Stewart says most have been opting for the latter.

“Not only is Lorne just a two-hour drive back to Melbourne, but it’s also a place where the bush meets the beach, meaning it’s easy for people to find a sense of space and ease in its natural surroundings,” he says.

Unsurprisingly, these same advantageous qualities have contributed to the rise of Lorne’s

“All the famous Australian bands played there; I

residence captures breathtaking views of the

saw Skyhooks, Australian Crawl, Men at Work,

Great Ocean Road from every floor, but they are

and Mental as Anything,” he recalls.

best enjoyed from the living space and its deck.

Today, he’s busy running Lorne Tours, offering private and bespoke itineraries.

“My favourite moments are when guests catch

There’s no denying the

that first glimpse from Teddy’s Lookout,

wow-factor of the Great

Hover your camera over the

overlooking the Great Ocean Road, which always

Ocean Road along

code to see Domain listings

evokes a certain wow-factor,” he says.

Lorne’s coastline.

in Lorne

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A U S T R A L I A’ S U LT I M AT E BEACHFRONT PENTHOUSES & BEACH HOMES

O N - S I T E D I S P L AY N O W O P E N D A I LY I N T R O D U C I N G A L I M I T E D CO L L EC T I O N O F A B S O LU T E B E AC H F R O N T A PA R T M E N T S, P E N T H O U S E S & B E A C H H O M E S T H AT W I L L R E D E F I N E T H E S K Y L I N E O F T H E G O L D C O A S T F R O M $ 2 . 9 7 5 M – $ 1 6 M .

E N T E R A R A R E W O R L D O F T I M E L E S S L U X U R Y & D E S I G N AT A N A D D R E S S T H AT E P I T O M I S E S T H E E N D L E S S G O L D C O A S T S U M M E R A N D T H E U LT I M AT E I N B E A C H F R O N T L I V I N G .

O P E N B Y P R I V A T E A P P O I N T M E N T. E N Q U I R E N O W .

L O C AT E D AT 7– 9 N O R T H C L I F F E T E R R A C E , S U R F E R S PA R A D I S E I N S P EC T 7 DAY S F R O M 10A M TO 4P M SCAN TO WATC H O U R VIDEO

R OYA L EG C.CO M.AU

1300 722 131

THE PROPERTY INVESTOR

TOURISM WESTERN AUSTRALIA

Navigating yield versus growth Residential rental yields vary widely across Australia, but chasing the big percentages doesn’t always pay off.

B y SU E WILLIAMS

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Cottesloe Beach in Perth, where the rental yield of 5.2 per cent tops the table of all Australian capitals.

harply rising prices and record-low yields in half of our capital cities can make it tough for residential property investors to find reliable returns, but there is hope.

Yields are healthy in some areas, but those should still be carefully considered and balanced against prospects for future capital growth, the experts say.

“Of course, yields are important because if you don’t get a good yield, then you won’t have good cash flow or serviceability from the bank and you’ll get maxed out on negative gearing,” says property investment strategist Lloyd Edge, managing director of Aus Property Professionals. “But you might get a high yield and have no capital growth which means, in the coming years, you aren’t going to be in a better situation than you are now. So, you really need to look for both.”

At the moment, Sydney generally is offering only a 2.6 per cent yield on houses, according to the latest Domain Rent Report, with Melbourne 2.92 per cent, Canberra 3.7 per cent and Hobart 4.15 per cent – all record-breaking lows. Perth

has the best on offer at 5.2 per cent, and Darwin is only slightly lower at 5.17 per cent.

For apartments, it’s a similar story, with Sydney offering a yield of 3.39 per cent, Melbourne 3.94 per cent and Hobart 3.98 per cent. At the top of the table are Darwin at

“Going for healthy yields rather than extremely high ones is more sustainable.”

6.83 per cent, Perth at 5.76 per cent and Canberra at 5.73 per cent.

When that’s further broken down into local government areas, however, there are some stellar yields on offer, but most are in the resource-rich mining areas, or at the ports that export the output.

Rental yields on houses in Western Australia’s East Pilbara are 8.8 per cent, for instance, while in Wyndham they are 8.4 per cent. In Broken Hill, NSW, they are 8.2 per cent, Roxby Downs in South Australia 7.9 per cent and Mount Isa in Queensland 7.6 per cent.

“But yields can be dangerous at extreme levels whether super-high, or super-low,” says Arjun Paliwal, founder and head of research of dataled buyer’s agency InvestorKit. “Mining areas are notoriously volatile and a high yield one day can be a low yield the next, and you won’t have much control over that.

“At the same time, if yields are too low, then that could hinder your borrowing potential for future properties.

“So, going for healthy yields rather than extremely high ones is a more sustainable policy and, in today’s market of low-interest rates, I’d say healthy would be 4-5 per cent gross, and you can find lots of areas with those.”

Christine Williams of Smarter Property Investing agrees there are still gems around that balance out decent yields with good prospects of capital growth.

“On the eastern seaboard, I’d be looking at Melbourne’s western corridor from Caroline Springs to Fraser Rise, and in NSW I’m comfortable with the Hunter Valley and northern NSW,” she says.

“I also like parts of the Gold Coast – with the exception of Logan – and the northern suburbs of Brisbane, Bundaberg and Harvey Bay.”

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‘Serenity’, Deepwater ’Serenity’ at Deepwater, with 554 metres of absolute beach frontage is a 121-hectare rural retreat located on the southern boundary of the Deepwater National Park.

This property is about total freedom, somewhere to relax, be yourself and to enjoy all that nature, in all its glory, has to offer.

Construction of the massive Queenslander homestead was completed in 2006 and has been a treasured private holiday home enjoyed by family and friends from Australia and Europe ever since. Whether as a permanent home, a beach retreat or a working farm, ‘Serenity’ is all about family, peace and being close to all that nature provides in this tropical Queensland paradise.

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Lot 30 Wreck Rock Road, Deepwater For Sale Contact Agent View Inspection by Appointment Michael Vettoretto 0438 705 745

NOTHING COMPARES. queenslandsothebysrealty.com

43 Reserve Street, Bicton 6

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1004m 2

TIMELESS HAMPTONS GRANDEUR

Offers by 5pm Tues 22 February

Overlooking magnificent Point Walter Golf Course and sitting just footsteps away from Blackwall Reach, this spectacular Hamptons-inspired residence spans three amazing levels defining luxurious family living from one of Perth’s premier positions.

– Spectacular custom-built Hamptons-inspired residence over three levels with lift – Over 900sqm luxurious family living including full floor master retreat, home theatre, office, cellar – Exceptional attention to detail and luxury finishes – travertine, blackbutt, marble and stone – Heated spa, pool, Pool House with alfresco & woodfire pizzaoven, Cbus, CCTV, ducted aircon, retic, four car garage and workshop

Every detail has been carefully considered and meticulously executed in this astonishing custom-built family residence with full floor master retreat, five minor bedrooms, three with ensuite, a home theatre, office, cellar, pool house with alfresco entertaining area and guest suite.

Stroll to Blackwall Reach Reserve and Blackwall Reach Cliffs from here, as well as Santa Maria College, Mel Maria Catholic Primary School, Attadale Primary School and the local café and restaurant precinct. The Bicton Baths and East Fremantle Yacht Club are also nearby, as are the likes of exclusive sporting clubs, public transport, shopping and even the heart of Fremantle. One of Perth’s most beautiful homes and locations awaits you here – come and see it all for yourself!

Stefanie Dobro 0409 229 115

Director/Licensee White House Property Partners

45 Canning Highway, East Fremantle 08 9319 2024

NOOSA SOUND

10 Key Court

It’s time to live that idyllic Noosa lifestyle with this sublime coastal abode.

This luxurious Noosa Sound hideaway, tucked away at the end of a quiet, yet central, cul-de-sac has been perfectly crafted to ensure a life of leisure.

• Walking distance to Noosa Main Beach, Hastings Street and Noosa National Park • Spacious 3 car garage with ample storage, pool with complete privacy and built-in BBQ • Ducted air conditioning, high ceilings and abundance of natural light thoughout

D A V I D C O N O L LY

0438 259 956

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BED

3

BATH

3

CAR

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POOL

FOR SALE

VIEW

Contact Agent

07 5447 2451

century21noosa.com

767 Trees Road, Currumbin Valley 3

Gold Coast, Queensland 2 4 4.05 ha

Expressions of Interest, Closing on the 19th February, 2022 (if not sold prior)

Off-the Grid Natural Wonderland with Coastal Views

If you’ve ever dreamt of going off-grid and immersing yourself in a lifestyle of seclusion and serenity, this is the opportunity you’ve been waiting for! Wrapped in 10 acres of natural bushland, where a summer creek meanders through the dense greenery, it also boasts breath-taking views to the coastline, with the Pacific Ocean sparkling on the distant horizon.

A two storey home sits unobtrusively amongst the mature trees, made from mud brick and timber to co-exist in harmony with its surrounds. Louvres throughout keep the house cool, as does the exposed rock flooring. Raked ceilings with timber beams and a feature mud brick wall enhance the earthy charm in the lounge room, with an open plan kitchen area graced by a 4 burner gas cooktop and oven, built-in pantry, original stove/oven and a 3-seater breakfast bar overlooking the deck.

Please call to arrange an inspection.

John Fischer 0478 071 623 Shelley Watkins 0474 141 551

Business and Premises of Rococo on Noosa’s Hastings Street An undeniable magnet for millions of national and international visitors annually is Hastings Street.

Sitting plum in its absolute heart near the famous treed roundabout, several beach towel lengths from Noosa Main Beach, is the matchless corner premises of Rococo Bistro & Bar. This highly profitable multi award-winning business attracts over 100,000 customers annually, and this complete package of a triple-A restaurant business and premises in Hastings Street is a rare find.

51/42 Hastings Street, Noosa Heads, Qld. $17.5M

S E E M O R E AT O F F E R M A N N . C O M . A U

Agents: Tiffany Wilson 0468 922 519 Tom Offermann 0412 711 888 NOOSA’S HOME OF PRESTIGE PROPERTY