25 MAY / 2022
PRESTIGE THE BEST IN AUSTRALIAN PROPERTY
LIFESTYLE ALLURE The pull of the peninsula
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From: $2,595,000 16-18 HUGHES AVE . MAIN BEACH Artist Impression
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FOR MORE INFORMATION Corey Gilmore — 0416 217 774 Duncan McInnes — 0418 761 822
VISIT THE DRIFT DISPLAY SUITE 18 Tedder Avenue, Main Beach | Monday to Sunday, 10am-4pm
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B y K ATE FARRE LLY
Dromana Mornington Peninsula 6 Boundary Road $3.7 million-$3.95 million
J OSE PHIN E H U YN H
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Private sale Agent: YPA Estate Agents Mornington Peninsula, When you love where you live you want to shout it from the rooftops.
Ben Nutbean 0413 125 996 in conjunction with
Every person I speak to who’s planning a visit to Sydney is showered with my
Woodards Manningham, Lee Salce 0400 770 099
unsolicited recommendations on where to eat, stay and play, followed by a
Midway between the beach and the peninsula
detailed itinerary that’s ready and waiting at the starting blocks of my
wineries, this single-level home wraps around a
outbox. It’s the same for places I’ve lived in and travelled to in the past, and
north-facing pool with a hinterland outlook.
it’s this patriotic feeling I imagine residents of the Mornington Peninsula
Highlights include a Carrara marble kitchen, an
have when spruiking their area. When I spoke to my Melbourne-based
elegant sitting room with a wood-burning
colleagues about this special edition, which profiles the region, their
fireplace and a one-bedroom guesthouse.
responses all had the same undeniable spirit – faces lit up while recalling the fresh sea air, local cuisine, galleries, bushwalks, relaxed al fresco lifestyle and, of course, the wineries. I haven’t ventured there for quite some time. Perhaps a detour is on the cards this week when I’m in town.
O U R COVE R 12 The Cups Drive, Cape Schanck. Listed by Peninsula Sotheby’s International Realty PAG E 10
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 Amanda Vaughan 0413 370 004 New South Wales Caitlin Hao 0430 938 214 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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PR E ST IGE
HOT PROPERTY
VISIT VICTORIA
DESIGN DIGEST Coastal classics
FEATURE STORY From strength to strength
LIVING IN By the seaside
THE PROPERTY INVESTOR Where the returns are high
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Darling Point Sydney 19 Etham Avenue $12.5 million
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Auction: 6pm, June 1 Agent: Richardson & Wrench Double Bay, James Dunn 0404 387 777 This grand, Georgian-style 1910 manor was given a new lease of life by architect Michael Suttor. The classy living spaces feature herringbone floors, high ceilings and decorative plaster and woodwork.
Mornington Mornington Peninsula 2 John Rowell Lane $5.65 million
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Indooroopilly Brisbane 43 Ivy Street 5
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Private sale
Auction: 10.30am, June 4
Agent: Aqua Real Estate, Michelle Skoglund 0416 119 444
Agent: Adcock Prestige,
Capturing bay views from the top floor, Stella Maris is an elegant, New
Jason Adcock 0418 727 788
England-inspired family home within strolling distance of Mills Beach. It has
A gangway and pontoon provide direct river
a versatile floor plan with oak floors, lofty ceilings, a Miele-appointed marble
access at this near-new waterfront home which
kitchen, a choice of living spaces and landscaped gardens.
comes with a pool and an outdoor dining terrace.
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Unrivalled collection of 28 full floor residences in the heart of Broadbeach Only 3 luxury residences remain •
Over 390m2 of opulent living offering 3, 4 or 5 bedroom layouts
•
25m heated lap pool with resident’s gym, sauna and entertainment deck
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Expansive living and entertainment areas providing uninterrupted beachfront and park views
•
Walking distance to world class dining and entertainment precincts; Oracle Dining precinct, Pacific Fair Shopping Centre and Star Casino.
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.
DESIGN DIGEST
Life’s a beach With our affinity for days spent on the beach, it’s only natural we would mimic this cherished pastime at home. C o m p i l e d b y PAU LIN E M O RRIS SE Y SEA WALL Inspired by childhood holidays spent by the sea, the Finn. Sky wallpaper by These Walls emanates nostalgia. It’s a textured take on a classic stripe pattern, perfectly befitting interiors with a whimsical, coastal aesthetic. thesewalls.com.au
REFINED RATTAN The iconic Charlottenborg chair, designed by Arne Jacobsen in 1936, has been re-released by Danish brand Sika Design. It features an elegantly curved back and armrests, fitted with a firmly upholstered seat and a loose back cushion. domo.com.au
BESPOKE BEAUTY
BLUE SKIES Crafted from 100 per cent European linen, Cultiver’s latest
The curvaceous
collection, Sky, is available across the brand’s bedding and dining range. It
Minerva plaster lamp
displays a chambray look created through two coloured yarns woven
by Lucy Montgomery
together, resulting in a more textured finish. cultiver.com.au
has a chalky white patina, giving cues to its handmade form. Each lamp base has a number of bespoke shades and fabric options curated using beautiful Belgian linen. lucymontgomery. com
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FEATURE STORY
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here’s been an out-of-control freight train thundering through Victoria’s Mornington Peninsula and it’s taking a while to slow down. That’s how agents describe the phenomenal price growth that’s hit the region, propelling house price growth in one suburb to a riproaring 39.7 per cent over the past year alone. “We’re now getting used to seeing records being broken on a regular basis as we’ve had some tremendous sales,” says Rob Curtain, managing director of Peninsula Sotheby’s International Realty. “And, like a freight train, it’ll take a while for that momentum to stop. “We’ve had so many people wanting to move down here and a shortage of stock as the ones already here didn’t want to leave, so we’ve seen some tremendous price increases. With that lifestyle change too, I think many people want to stay on and either work remotely or commute a few days a week into the city.” Holidaymakers have long loved the Mornington Peninsula, around 90 kilometres south of Melbourne, for its glorious beaches, bushwalks, wineries, cafes, restaurants, gourmet stores, antique shops and galleries.
A spectacular peninsula The Mornington Peninsula south of Melbourne has never been as popular, and that’s reflected by its massive recent price growth. B y SU E WILLIAMS
But that all changed with the pandemic, says Domain chief of research and economics Dr Nicola Powell. Suddenly, Melburnians started seeing it as a welcome escape from lockdowns, while Sydneysiders and expats viewed it as a comparatively affordable buying option. “During COVID we saw some eye-watering levels of price growth,” Powell says. “That’s been spurred on by people buying holiday homes as their principal family homes, to upgrade their lifestyle and have a smaller base in the city. That really accelerated the price growth to some extreme rates, with locals often being priced
out. But now we’re seeing it calm down [with] lower price growth.” The area as a whole had pretty respectable price growth, on Domain figures, over the past year, growing 14.7 per cent for houses to a new median price of $975,000, and 15.5 per cent for units to $635,000. At the suburb level, however, some of the growth has been monumental. Modest Rosebud, for instance, has the highest growth of 39.7 per cent to a median of $880,000, while Rye rose 37.9 per cent to $1.2 million, Mount Martha and Safety Beach rose 31.4 per cent to $1.62 million
Cape Schanck Mornington Peninsula 12 The Cups Drive $9 million
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Private sale Agent: Peninsula Sotheby’s International Realty, Rob Curtain 0418 310 870
Mount Eliza Mornington Peninsula 4 Humphries Road $2.4 million-$2.6 million
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Private sale Agent: McEwing & Partners, Quentin McEwing 0409 389 268
Mount Martha Mornington Peninsula 88 Bradford Road $3.7 million-$3.97 million
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Private sale Agent: Danckert Real Estate, Sam Danckert 0432 444 040
12 The Cups Drive, Cape Schanck, above; 4 Humphries Road Mount Eliza, top right; 88 Bradford Road Mount Martha, above right.
and $1.14 million respectively, and Tootgarook and Cowes were up by 30.1 per cent to $941,500 and $793,503. Portsea is still the most expensive suburb with a median of $3.78 million after a rise of 29.2 per cent over the year to March 2022, followed by Sorrento at $2.3 million, up 23 per cent, and Mount Eliza at $1,752,500, up 25.2 per cent. Somers is up 12.4 per cent to $1.7 million and Blairgowrie up 23.7 per cent to $1.67 million. “It’s been absolutely phenomenal,” says Dean Phillips, director of McEwing & Partners. “A lot of that reported growth was driven by the sale of some very expensive houses, where people didn’t have anywhere else to spend their money, but over the past year, we saw prices that were usually around $1.1 million go to $1.8 million. “We’ve had lots of interstate buyers who see that you can buy something here for about 50 per cent of its equivalent price in Sydney. “We’ve had international buyers too, and have seen sales at $10 million, $20 million and $30 million.” Phillips recently sold a farm at 110 Cobb Road, Mount Eliza, for circa $8 million, a mansion on Canadian Bay Road in Mount Eliza to pop star
Tones and I for $7.08 million and 1 Trig Point in Mount Martha for $6.8 million. Curtain sold 261 Muscreek Road, Flinders, for just under $24 million, 4 Callanans Road, Red Hill South, for $20 million and 3507-3513 Point Nepean Road, Sorrento, for $12.2 million. “There’s a steady number of buyers around at the moment,” says Sam Danckert of Danckert Real Estate. “We don’t have the kind of abnormal market and hysteria-driven buying now that saw people offering 15-20 per cent over the asking price of a property.” Most in demand at the moment are premium established houses, new builds or older homes that have recently been renovated, Curtain says. “Building costs are now much more than they were, and there’s disruption to the supply chains and builders won’t offer fixed contracts, so buyers don’t want homes so much that need a lot done to them. We’ve found that the demand for land to build on has also softened dramatically.” Yet prices are still growing, although not by as much as in the past two years, Phillips says. “I think by next summer it’ll return to a normal market. But in the meantime, prices are still going well and will continue to go well.”
FOR THE SUN LOVERS
Mornington Mornington Peninsula Beach Box 85 Mills Beach $185,000-$200,000
Private sale Agent: Marshall White Mornington Peninsula, Stephen Baster 0417 695 644 There’s no need to pack the car with all your beach necessities conveniently stored away.
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LIVING IN
38.3688° S, 144.7713° E
BLAIRGOWRIE ANGELA LUMSDEN
We do like to be beside the seaside, especially when we can work from home and live in a charming hamlet. B y PAU LIN E M O RRIS SE Y On the western spur of Victoria’s famed
more semi-permanent basis,” says Josh
Mornington Peninsula, Blairgowrie is a quiet
Callaghan, managing director and auctioneer of
achiever that offers a relaxed alternative to the
Fletchers Mornington Peninsula.
bustle of neighbouring towns like Portsea and
permanent residents in the area are retirees and
love for all things outdoors.
absentee owners of holiday homes.” Strait, and the jaw-dropping walking trails of the
balance of coastal and country living.
Mornington Peninsula National Park, Blairgowrie
its bay and ocean beaches and sailing from the beloved Blairgowrie Yacht Squadron. But, on the
$4 million-$4.4 million
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encourages plenty of time spent lapping up the great outdoors.
other hand, a 30-minute drive can have you in
Life by the seaside
the Peninsula’s hinterland, with its legion of
Blairgowrie’s small but prominent commercial
renowned vineyards in a European setting.
hub reveals a line-up of trendy, locally run
Magic on the Mornington
Mornington Peninsula 12-14 Munro Street
With beaches on both Port Phillip Bay and Bass
CBD, this seaside locale presents the perfect On the one hand, time could be spent between
Blairgowrie
“Still, though, the general demographic of
Sorrento, anchored by its small village charm and Just an hour and a half’s drive from Melbourne’s
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businesses, like that of Beach to Bar Wear, owned and operated by Karlie Crow. Expressions of interest
While the trend of Melburnians fleeing to the
“I originally opened as a pop-up store over
Mornington Peninsula for space to breathe is
summer, and five years later, we are still here,”
Agent: Kay & Burton Flinders,
nothing new, recent years have seen a rise in
she says. “Our tiny village proudly boasts the
Michael King 0415 505 505
those taking advantage of remote working
absence of the mainstream, with perfectly
This stylish entertainer is beautifully designed in
arrangements – a contributing factor to
curated shops and cafes that are friendly and
harmony with its prestigious oceanside address
Blairgowrie’s 23.7 per cent jump in its median
welcoming – sandy toes and all.”
and stretches out across two titles. It features
house price over the past year. It now sits at $1.67 million, according to Domain’s latest House Price Report.
Crow lives in Melbourne part-time and calls
large living areas that spill onto a pool terrace.
Blairgowrie her “happy place”. She holds many childhood memories of
Blairgowrie has the
holidays, such as her dad digging holes in the
white sands of Port
selling their Melbourne family homes to move
sand where she would sit “sandy, salty, and
Phillip Bay at its front
Hover your camera over the
here, often retaining their connection with a city
brown as a berry”, and making friendships on the
door and spectacular
code to see Domain listings
apartment, while residing in Blairgowrie on a
beach that would last a lifetime.
surf out the back.
in Blairgowrie
“Over the years, more and more people are
PR E ST IGE
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Supreme Penthouse Elegance
*Indicative Only
Penthouse B27-1/75 Brighton Parade, Southport Scan for Listing
䕽⟥ 䪈焺
Contact Agent 4
Contact for a Private Viewing Duncan Longmore 0419 611 792 Claire Dai 0432 318 746
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865m2*
The ultimate penthouse entertainer beckons in Rivage Royale with this luxury tri-level sky home. Occupying the 27th, 28th and 29th levels and boasting a supersized 865m2* floorplan, step inside and bask in panoramic views of the Broadwater, Hinterland, Marina Mirage, Main River, and the sweeping Surfers Paradise skyline. Effortlessly elegant interiors with quality finishes, cook up a feast in a kitchen fit for a MasterChef and grab a bottle from the glass faced wine cellar, preparing a drink from the sleek and stylish wet bar. There’s also 4 king sized bedrooms with ensuites plus a 3rd floor where, from sunrise to sunset, you’ll witness mother nature at her finest. Fitted with a kitchenette, sauna, and sprawling rooftop terrace with pool, BBQ and a weather sensor vergola, it’s an unrivalled option for entertaining or relaxation against the backdrop of the city and coastal skyline. *approximate
THE PROPERTY INVESTOR
ISTOCK
High prices but good rental returns The Mornington Peninsula might have recorded huge price rises, but its popularity means there are rich pickings for investors. B y SU E WILLIAMS
E
The bay view from Millionaire’s Walk, part of the Sorrento-Portsea Artists’ Trail.
ven though some areas of Victoria’s Mornington Peninsula have experienced stellar price growth over the past year, there are still plenty of opportunities for investors. The shortage of stock has meant the rental vacancy rate is extremely low with more tenant demand than supply, and some owners have been known to earn as much as $40,000 for the Christmas week from short-stay guests. “We’re receiving a lot of interest from investors who both want to try the lifestyle and enjoy the returns from a flexible rental, whether through Airbnb or a managed holiday letting,” says Andrew McCann, managing director and auctioneer at Jellis Craig Sorrento. “They can attract a very good rental yield with some leased from $15,000 to $25,000 a week, say, in Portsea in January, while in some cases it’s been as high as $30,000 and $40,000. That’s probably very similar to the holiday rents in Palm Beach in Sydney.” Those are obviously the premium properties, usually with pools and tennis courts, and
contained within a compound with enough room to bring along family and friends, too. “But it does mean you can make a very good return in peak periods but then have it to yourself the rest of the year,” says McCann, whose agency looks after 50 to 70 permanent
“It does mean you can make a very good return in peak periods.” rentals in the area, and about 150 properties that are available for the short term. Many investors are now looking for extra features for their property purchases to make them special, says Holly Longmuir, managing director of RT Edgar Mornington Peninsula. That might be a Zoom room or the space for an
office, so they can work when they’re in residence, or something extra with a wow factor, like a fireplace, a pool or a good outdoor entertainment area. “We have a lot of crossover between those who’ve just bought and then want to rent shortstay,” she says. “Our price growth in some areas hasn’t been as strong as Sydney’s, so there’s still a lot of interest in the area. “While some people are looking for high-end properties, others are looking at more affordable homes in less expensive areas. The Mornington Peninsula has the luxury of being so close to Melbourne, but still has so many drawcards – great restaurants, beaches and wineries.” But whether you’re buying a lavish spread or a modest 1960s beach house, any investment would be quite safe, says Michael Sier of BuyerX, a specialist Mornington Peninsula buyer’s advocacy recently awarded the REB title Buyers Agency of the Year 2022. “Given the peninsula is landlocked and there are very tight development protocols, and a lot of holiday homes are passed down through the same family, there’s a low risk of over-supply or any rise in the number of new properties coming onto the market,” he says. “Also, vacancy rates are very low and the option of short stay means you can increase the rental yield, as well as having first use. There are some expensive areas, but if you’re looking around $1.5 million to $3 million, there are lots of options, like Rye, Blairgowrie, Somers and Balnarring.”
PR E ST IGE
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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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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.
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 at 4.00pm
View Saturday 1.00pm - 1.30pm Wednesday 1.00pm - 1.30pm
Jake Rowe 0414 612 546 Nathan Tse 0411 386 455 theagency.com.au
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20 MINUTES TO PERTH CBD
3.29 Hectares | 8.1 Acres
A remarkable retreat and a rare find less than 17kms from Perth city, you can choose to go offgrid and live in paradise without compromising on convenience. This beautifully improved home sits on 3.29 hectares of land with broad opportunities for business, including micro-farming. Current urban re-zoning is under consideration by the Western Australia Planning Commission.
Michael Harries | 0434 076 229 | michael@dgre.com.au
dethridgeGROVES REAL ESTATE
3 Norfolk Street, Fremantle | (08) 9336 1166 | www.dgre.com.a u
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+ POOL + TEEN RETREAT + STUDIO + OFFICE
AUCTION 6
312 SHOAL POINT ROAD, SHOAL POINT An address dedicated to excellence and defined by spaces capturing panoramic postcard views of the Cumberland, Whitsunday Islands and Cape Hillsborough: Welcome to 312 Shoal Point Road. Set atop 5 acres of lush plantation-style rainforest, this superb residence offers complete privacy; the perfect balance of indoor allure and outdoor appeal set against a backdrop of uninterrupted ocean views. An expansive floorplan spanning three levels, the light, airy and instantly welcoming spaces include multiple living and dining areas, a
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stone appointed kitchen and 6 bedrooms including a luxurious main suite with breathtaking 360-degree views. A self-contained granny flat provides the perfect scenario for guests or extended families.
AUCTION Thursday 9th June 12:00pm Onsite
Outside, fabulous entertaining spaces include wrap-around verandahs, three covered pergolas, in-ground pool, tennis court and established gardens with an array of secret spaces to explore. Highly sought after for its proximity to everything that Mackay has to offer and zoned medium density residential, there is potential for further development if so desired (STCA).
INSPECT By Private Apppointment
EACH OFFICE INDIVIDUALLY OWNED AND OPERATED
MICHAEL ALTHAUS 0405 102 312 m.althaus@remax.com.au
133B VICTORIA ST MACKAY QLD 4740
OFFICE (07) 4829 4612
70 YEARS IN PENINSULA REAL ESTATE
This year we celebrate being part of our community for 70 years. A massive thank you to everyone who's contributed to our journey. And YES after all this time, we still love helping people to achieve their real estate dreams. If you would like some local real estate advice for selling, leasing or commercial investments then please contact our team to discuss further.
Ph
(03) 5974 1401
W
wnre.com.au
Or visit us as 30 Lochiel Avenue, Mount Martha VIC 3934
Australian designed & made sale on now.
Frame Living System by Kett.
Otway Dining Table & Armchairs by Kett.
Inside Looking Out Kett celebrates an Australian way of life; drawing inspiration from our natural landscapes and cosmopolitan cities.
Glenaire Swivel Chairs by Kett.
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