Domain Prestige - May 18, 2022

18 MAY / 2022

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

UP CLOSE & PERSONAL Rub shoulders with a Sydney icon

B y K ATE FARRE LLY

Aberfeldie Melbourne 140 The Boulevard $7.4 million-$7.9 million J OSE PHIN E H U YN H

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Expressions of interest: Close 5pm, May 31 Agent: McDonald Upton, Joe Zucco 0414 557 895 in conjunction with Nelson Alexander, Call me crazy, but I tend to associate magazine publishing deadlines to

Paul Harrison 0418 358 145

time zones around the world. With loved ones in both Vietnam and Sweden,

Located opposite riverfront parkland, this Marie

it’s a habit to glance at the clock before dialling an international number, and

Bagnato-designed home will appeal to the car

it’s the same urge I get when I make dinner plans. “Burrata at Totti’s next

enthusiast with a huge basement garage ideal for

Friday? What edition of the mag are we in then?” It’s a sense of measure

housing luxury vehicles. It’s also well equipped for

that rules more than just my work life as decisions are dictated by the

the entertainer with a decadent marble kitchen

conventional four weeks of an auction campaign. It makes piecing together

extending to a covered al fresco zone overlooking

this magazine each week somewhat of a small miracle. For this issue, when

a north-facing pool.

the sight of the Sydney Harbour Bridge through the frame of our Milsons Point cover home splashed across my screen at the last minute, I knew we had to make it work. Just when you think you’ve seen the bridge from every angle, the view makes you feel like it’s within an arm’s reach.

O U R COVE R 1906/2 Dind Street, Milsons Point Listed by Pello Lower North Shore PAG E 3

Editor: Josephine Huynh josephine.huynh@ domain.com.au Editorial producer: Paige Tonna Group picture editor: Kylie Thomson Senior designer: Colleen Chin Quan Graphic designer: Nicole Gauci National magazine editor: Natalie Mortimer National managing editor: Alice Stolz Chief marketing officer: Rebecca Darley 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 Digital edition Visit domain.com.au/ digitaledition

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HOT PROPERTY

JACK LOVEL

DESIGN DIGEST Back to basics

YELLOWTRACE A designer’s eye

LIVING IN Gateway to the Whitsundays

THE PROPERTY INVESTOR Bright side of the rate rise

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Riverside Launceston 60 New Ecclestone Road $1.85 million +

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Private sale Agent: McGrath Launceston, Josh Hart 0447 788 335 Renovated by the current owner and resident, an architectural draftsman and interior designer, this English-style country cottage and self-contained coach house is on 1.28 hectares only a 10-minute drive from Launceston.

Milsons Point

Vaucluse

Sydney 1906/2 Dind Street

Sydney 13 Queens Avenue

$6 million-$6.6 million

$41 million +

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Auction: 3:45pm, May 28

Expressions of interest

Agent: Pello Lower North Shore, David Smeallie 0414 992 920

Agent: Highland Double Bay,

This 245-square-metre apartment in the coveted Pinnacle building has

Bill Malouf 0411 428 354

stunning Harbour Bridge views, plus limestone flooring, bespoke joinery

The harbour and city skyline is laid out with

and ducted airconditioning. There is also a dedicated office/media room,

postcard perfection before this tri-level

two balconies and access to a concierge service, gym and heated pool.

residence set above Queens Beach.

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CONSTRUCTION COMMENCED ON MELBOURNE’S FIRST INTERNATIONAL HOTEL-BRANDED RESIDENCES

Ten years in the planning, a new era in riverfront living is now taking shape, with the construction of Australia’s first 1 Hotel & Homes at Seafarers officially commencing.

Comprising just 120 hotel-branded residences, Seafarers places five-star amenity at your door, and everything you love about Melbourne, just a riverwalk away.

Secure one of the remaining 2 or 3-bedroom residences and gain access to a selection of additional owner privileges, including:

LIMITED 2 & 3-BEDROOM RESIDENCES REMAIN PARK VIEW from $1,245,000 / RIVERFRONT from $1,920,000 WATERFRONT DISPLAY SUITE OPEN FOR PRIVATE VIEWINGS (IN-PERSON & ONLINE) BOOK NOW SEAFARERS-RESIDENCES.COM.AU/DISCOVER OR CALL 1300 308 295

Artist’s impression

– Private dining rooms with chef catered dinners – Pool, gym, sauna, spa and rooftop garden – 24-hour concierge and valet parking – In-home room service and organic pantry stocking – Housekeeping and linen service – Botanical care and maintenance services – Pet care and walking.

DESIGN DIGEST

Timber talk Sustainable, versatile, and long-lasting – it’s no wonder designers keep turning to timeless timber. C o m p i l e d b y PAU LIN E M O RRIS SE Y SCULPTURAL SIDEKICK Crafted from solid ash, the Insert Side Table by Fern Living has a unique and sculptural design – a creative merging of its heavy cylindrical base with a light oval top that seems to float on a small, geometric joint. fermliving.com

WAVY STATEMENT Beautifully made from teak, the Audrey Console by McMullin & Co. is a naturally beautiful statement piece for the living room or hallway. It is distinct for its delightful scalloped detailing. Available in natural or black. mcmullinandco.com

THOUGHTFUL DESIGN

Chair by designer Ib Kofod-Larsen, adding contemporary sheepskin upholstery while remaining true

REIMAGINED ICON Danish brand MENU has reimagined the iconic mid-century Knitting Lounge

The Cidar Lamp by

to its traditional craftsmanship. menuspace.com

MCM House celebrates natural aesthetics while standing on its own design merits. With a contemporary tapered base and shade, made from metal with raw timber veneer, it emits a calming sense of warmth. mcmhouse.com

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YELLOWTRACE

b y DANA TO MIC H U G H E S

COURTESY OF JONES

JACK LOVEL

Backwards design creates a home for the future

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rranged around a series of gardens that create seasonal outdoor rooms, the house of MJA Studio design director Jimmy Thompson – designed in collaboration with Studio Roam and IOTA – riffs on Australian modernist architects Marshall Clifton and Julius Elischer and their search for an appropriate Perth architecture vernacular.

The story starts with an international flight – from Norway, in case you were wondering.

“While waiting for a flight, I saw the block come up for sale,” Jimmy says.

“I gave myself the challenge that if I could design a great plan on the flight home, I’d put in an offer once we landed.”

As they say, the rest is history, and the site was secured within a month.

Jimmy – who designed the home for himself, his partner and their two cats – was keen to create more spaces for gardens and courtyards than the site area itself.

More specifically, “to flip the typical diagram and make the laneway our front door and the street our back while opening up in party mode to the adjacent park,” he says.

“To make things more challenging, we made a rule that [the house] had to be completely compliant with the planning codes and had to be generous to its neighbours.”

Battleaxe block subdivisions often see old backyards replaced with structures that cover most of the site, leaving little room for gardens.

A poorly defined entry sequence then results in the new home having virtually no presence in the neighbourhood.

It’s not surprising to learn that one of Jimmy’s proudest achievements is that the old nonnas who have lived in the street for some 60 years also love his new house – proof that great architecture can enrich a community rather than take away from it.

Embracing Western Australia’s enviable climate with enthusiasm, the home is

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articulated in such a way that it’s almost impossible to distinguish where the garden begins and the building ends.

Robust white brickwork reflects the heat of Perth’s brutal sun and provides the enclosure for the home, while the glazed blue brick accents are a nod to the surrounding blue tiled roofs.

Recycled spotted gum brings warmth to this simple palette of raw materials, connecting the exterior to the interior.

“Designing a long-term home for yourself is an intriguing and challenging prospect,” Jimmy admits. “Being my own worst client, I redesigned the project three times, even pulling it out of the DA process to completely redesign.”

The pain has been worth it, as living in a new home has been nothing short of transformative.

“I’ve always lived in plus-100-year-old houses, which I love, but the chance to live in a home tailored specifically to the way you live is an amazing experience,” Jimmy says. “Ultimately, I feel vindicated that all of the advice I’ve been giving to clients over the past 15 years is true – design does make a difference to how you live.

“I now find myself working less and spending much more time at home. It’s a joy I’m very grateful for.”

“Being my own worst client, I redesigned the project three times, even pulling it out of the DA process to completely redesign.”

yellowtrace.com.au

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LUXURY THAT DEFINES YOU Construction commencing this month

Only 3 luxury residences remain in the iconic LUXE Broadbeach

Artist Impression

E NQUI RE NOW O N THIS E XCLUSIVE OPPORTUN ITY 1 30 0 76 5 576 | LUX E BR OA D BE ACH .COM. AU IMPORTANT DISCLAIMER. PLEASE READ CAREFULLY Indicative only. Dimensions, design features, floor areas, specifications and room configurations subject to change without notice. Any furniture shown is not included.

The development is not completed and so the final product may differ from that depicted in this floorplan. Buyers should refer to and rely on the Disclosure Document and the plans forming part of the Contract.

LIVING IN

20.2678° S, 148.7156° E

AIRLIE BEACH TOURISM AND EVENTS QUEENSLAND

Turquoise waters, bobbing boats, palm tree-lined lagoon – Airlie Beach can rightfully claim to be a paradise. B y PAU LIN E M O RRIS SE Y The coveted coastal town of Airlie Beach has

major drawcard, allowing affluent buyers to

long been a popular holiday destination, and for

live incognito.

good reason: it’s famed as the gateway to the

about getting out on the water with friends and

Barrier Reef at its doorstep.

family,” he says. “We all have the opportunity to explore Whitehaven Beach and deserted islands

charm, a growing number of high-end home-

on the weekends, and get our city fix every

hunters from Australia’s major cities are arriving

couple of months.”

weekend, but with a goal to stay for life.

Lap of luxury With tropical holidays abroad coming to a halt in recent years, the demand for luxury homes

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DeBrincat, her husband and two kids relocated to Airlie Beach in 2008 for work.

She says it didn’t take much convincing that this would be where they would happily live, work and play.

“The recent uncertainty of overseas travel has

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Originally from the Sunshine Coast, Alita

has spiked significantly as buyers set their eyes to be found in Airlie Beach.

$3 million +

Gaining sea legs

across Queensland’s prestigious coastal pockets on all-encompassing coastal retreats, like those

Whitsunday 46 Mount Whitsunday Drive

jump on a yacht every Wednesday and go sailing,

fringed beaches and ever-growing cosmopolitan

in town, armed not just with a suitcase for the

Airlie Beach

“Simply put, the way of life in Airlie Beach is

Whitsunday region, with 74 islands and the Great Given its year-round tropical weather, palm-

YOU MAY LIKE ...

Expressions of interest

“You get your first sight of our paradise home as soon as you come over the hill and see a glimpse

Agent: Ray White Whitsunday,

of our turquoise waters and bobbing boats –

Mark Beale 0404 498 790

pushed people to secure lifestyle properties on

every day, this view truly makes you smile, and

Reminiscent of the finest homes in the

or near the water, therefore increasing our local

you get lost in what adventures lie ahead,”

Whitsundays, this newly completed, three-level

market by some 100-200 per cent,” says Mark

DeBrincat says. “The local community is also

residence has a multitude of generous living

Beale, principal of Ray White Whitsunday.

amazing. Our street is known as the Sunset

spaces, sunny balconies and sea views.

“Part of our town’s appeal is also the fact that buyers aren’t restricted with heritage-listed homes, meaning they can build that dream beach house exactly as they’d like.”

Regardless of its glamorous appeal, Beale notes how the town’s laid-back vibe is a

Squad; we get together for street parties or a friendly Sunday afternoon game of bocce.

“I particularly love summertimes in Airlie Beach because, I say, the hotter the better – any excuse

Like a tropical utopia,

Hover your camera over the

to take a dip in the pool, lagoon and, of course,

Airlie Beach is a living

code to see Domain listings

the ocean.”

holiday postcard.

in Airlie Beach

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Penthouse Perfection, Over �����m2* of Unrivalled Luxury

Indicative Only

Ultra Penthouse - 3001 & 3002/14 George Avenue, Broadbeach Scan for Listing

䕽⟥ 䪈焺

Auction On-Site, Sunday 22 May at 11am 5

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1,093m2*

The pinnacle of penthouse living, the Ultra Penthouse is revered as one of the largest and most lavish sky-homes on the Gold Coast. Spanning levels 30 and 31, architecture becomes art in this 1,093m2*

Contact for a Private Viewing Michael Kollosche 04111 888 15 Jay Helprin 0407 894 775

award-winning masterpiece designed by DBI. Encased in full-height glass, everywhere you gaze offers vistas of the sparkling Pacific Ocean, city skyline, Main River and hinterland. It’s also the perfect place to entertain in absolute style, with a gourmet kitchen and butler’s pantry, formal and informal lounge and dining zones, a vast beachfront balcony, plus a custom cocktail lounge. Retreat to the rooftop terrace and gather with guests as the city lights sparkle around you. Recreation features include a private pool with swim jets, a steam room and exclusive-use gym. Five opulent bedrooms with elegant ensuites beckon, including a sprawling master suite in its own private wing. *approximate

THE PROPERTY INVESTOR

ISTOCK

The good news on rising interest rates When it comes to residential property investment, there can be a silver lining to the spectre of interest rate increases.

B y SU E WILLIAMS

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Savvy investors will know that rising rates are likely to reduce competition for properties.

ashed-up property investors are set to be the biggest winners from the first in what’s likely to be a series of hikes in the Reserve Bank of Australia’s official cash rate.

The rise from the historic low of 0.1 per cent to 0.35 per cent, together with the forecast of more to come, sparked immediate fear and loathing from those whose finances were already strained by record-high home prices.

“I think we will now see a reduction in buyer demand in the market as a result of some of the scaremongering that’s gone on about this rise,” says Nicola McDougall, the chair of the Property Investment Professionals of Australia.

“As a result, the more experienced investors and more savvy home buyers will welcome less competition in the market.

“At the same time, they tend to have the discretionary income and cash flows because they’re high-income earners, so they’re the least likely to be affected by these minor increases in the interest rate.

“They will probably have a more sophisticated understanding of monetary policy and financial

markets too, and will welcome a return to more sustainable conditions.”

While the RBA tends to cut rates very quickly when the economy slumps, such as after the GFC and during the COVID pandemic, it tends to lift rates extremely slowly, she points out.

“Most have bought in the cycle and have had a dream run with price growth.”

The last time it increased the cash rate because of inflationary concerns was during the two years from March 2006 to March 2008, when the rate rose only two percentage points over the whole period.

Australian Bureau of Statistics figures show this recent 0.25 per cent rate rise will increase

interest rate charges on an average mortgage of $600,000 by an additional $1500 a year.

Borrowers have enjoyed rate cuts of 1.9 per cent over the last six years, says Geoffrey Dinh, chief executive of fintech Futurerent, so they shouldn’t be concerned about such a minor lift, particularly as they’ve already been assessed at much higher interest rates.

“Prestige property investors are likely to have most of their portfolios in Sydney and Melbourne anyway, so have benefitted from phenomenal levels of capital growth,” says Dinh, whose company gives property investors up to $100,000 of rent in advance. “Against those, this interest rate is not significant.

“Most have bought in the cycle and have had a dream run with price growth and rental growth, and they’d typically have a lot of contingencies built in.

“They’ll have good incomes and are happy to run negatively geared property and have no problem covering a cash flow shortfall.”

But it will squeeze everyone’s hip pocket, believes Loan Market director and mortgage broker Alex Lambros. And if investors are buying more expensive homes, it will hit them harder.

“A 0.25 per cent interest rate rise on a $10 million property will be a significant jump,” he says.

“The wealthier might have different buffers in place – more cash or more assets they can sell to raise cash – but they’ll feel it just the same.

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MULLUMBIMBY 170 Dudgeons Road Set in the picturesque hinterland behind Byron Bay, this rural lifestyle property is situated along a private country lane and is surrounded by stunning natural beauty. The property sits within the crater of the long extinct Mt. Chincogan, which offers a unique amphitheatre position and picturesque views back to Cape Byron and the coast. The North Easterly aspect provides a perfect opportunity for you to build your dream home and is truly a rare opening to secure a unique slice of Australia and a one-of-a-kind lifestyle property in the sought after Byron Bay region.

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6.00pm, Monday 6th June

By Appointment James McCowan 0418 800 400 David Medina 0419 772 233

All information contained herein is gathered from sources we deem to be reliable. However we cannot guarantee its accuracy and interested parties should rely on their own enquiries.

WILLIAMSDALE 7245 Monaro Highway Capturing breathtaking vistas across the Murrumbidgee River Valley, this 142ha lifestyle estate (350-acre) is an idyllic escape just 30-minutes from Canberra's CBD and domestic and international airport.

Delivering off-the-grid luxury, this picturesque six bedroom retreat exudes serenity and privacy. Take in majestic views of the Brindabellas from the award-winning homestead, showcasing a fusion of contemporary living and modern comfort. An additional three-bedroom guesthouse overlooking the heated pool and a myriad of beautiful spaces that await outside, is an ideal space for entertaining or simply recharging against a spectacular backdrop.

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9 Auction View

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6.00pm, Monday 6th June

By Appointment David Medina 0419 772 233 James McCowan 0418 800 400

All information contained herein is gathered from sources we deem to be reliable. However we cannot guarantee its accuracy and interested parties should rely on their own enquiries.

Expression of Interest Closing Thursday May 26, 2022 @ 3.00pm.

First Time on Market since 1948 153.2ha. (378.56 acres).

250 Dalrymple Road, SUNBURY VIC 3429 Ray-Monde represents a unique blue-chip opportunity for astute investors, land bankers and life stylers, to secure a large 153.2ha (378.56 acre) land parcel ( GWZ ) in one of the fastest growing municipalities in Australia.

Property includes: -

Main residence 2 bed, 2 bath 12 acre award winning Pinot Noir winery Multiple sheds 20 meg dam plus 3 other dams Fully fenced grazing and cropping land Melbourne CBD 50km Melbourne International Airport 25km Sunbury 8.5km Freeway and rail infrastructure Sunbury’s population predicted to increase from 41,000 ( 2022 ) to 106,000 ( 2041 )

Contact

Dominic Romeo 0438500277 dominicromeo@circaheritageandlifestyle.com.au

Be ready to buy Discover how

All applications are subject to assessment and lender approval. Digital Home Loans Pty Ltd t/a Domain Home Loans (ABN 39 619 694 156, Credit Representative 500208) is authorised

by Auscred Services Pty Ltd (ABN 50 164 638 171, Australian Credit Licence 442372).

4 Linkmead Avenue, Clontarf Unsurpassed Designer Luxury On The Shores Of Middle Harbour A world class retreat with every conceivable luxury, this architect designed trophy residence adjoins waterfront reserve in an exclusive cul-de-sac.

Showcasing uninterrupted 180 degree Middle Harbour panoramas that take in intimate views over Sandy Bay and Clontarf Beach, then sweep across the water to Chinamans Beach and The Spit's marinas, it soars over multiple glass embraced levels with sweeping living spaces extending to harbourside terraces with a covered wet bar/BBQ and heated wet-edge pool. Set on 796sqm, its terraced rear lawns adjoin harbourfront reserve from where you can stroll to Sandy Bay and Clontarf Beach within a couple of minutes.

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Auction Saturday 11th June

View Saturday 1.00pm - 1.30pm

Jake Rowe 0414 612 546 Nathan Tse 0411 386 455 theagency.com.au

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SYDNEY’S FINEST INNER CITY MANSIONS. 1 6 M O U N T S T R E E T, P Y R M O N T B AY

E X P E R I E N C E T H E S C A L E , S O P H I S T I C AT I O N A N D G R A N D E U R .

I N S P E C T B Y P R I V AT E A P P O I N T M E N T

· New and ready to occupy · 1,198 sqm on title · Minutes to the Sydney CBD

· Large 89sqm courtyard · Basement spaces over 374sqm to customise to your needs

1300 152 297 GRANDEPYRMONT.COM. AU

· Multiple living spaces including full-floor entertaining level · Exciting lifestyle precinct