Domain Prestige - September 07, 2022

7 SEPTEMBER / 2022

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

ENTERTAIN IN STYLE Redefine al fre sco living

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Mount Eliza Mornington Peninsula 30 Kunyung Road $4.65 million-$5.1 million

J OSE PHIN E H U YN H

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Private sale Agent: McEwing Partners, Welcome to the first Prestige of spring. Australia is blessed with a diverse

Dean Phillips 0402 833 865

range of climates and while those in the north of the country get to enjoy

A short walk from Moondah beach, the three-

the sun shining year round, I imagine our readers from the southern parts

level Horizon House was designed by Megowan

are as eager to say goodbye to winter as I am. Our cover property, a

Architectural to maximise both the bay views and

contemporary riverfront house in the Gold Coast’s Broadbeach Waters, is

the northerly light. Highlights include an infinity-

just the type of home that’s perfect for the warmer months. Pour yourself a

edge pool, a Miele-appointed kitchen with

drink from the outdoor bar, meander to the pool and recline on the inbuilt

polished concrete benchtops, smart home

day bed. Later, head down past your own patch of beach to your private

automation and sculptural gardens by John

pontoon on the river, where you can take in the glorious sunset. In Living In,

Patrick Landscape Architects.

we look at the inviting seaside town of Torquay at the east end of the Great Ocean Road. The laid-back lifestyle destination 90 minutes from Melbourne is now a hotspot with house prices soaring 35.8 per cent.

O U R COVE R 6 Beverley Crescent, Broadbeach Waters.

Listed by Kollosche 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 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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HOT PROPERTY

INSTAGRAM @PUREORIGINALNORGE

LIVING IN The Surf Coast’s crowning jewel

FEATURE STORY A splash of colour

APARTMENT LIFE Harbourside luxe living

THE PROPERTY INVESTOR Return of overseas interest

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Darlinghurst Sydney 21 Little West Street $8 million

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Auction: 5pm, September 13 Agent: BresicWhitney, Shannan Whitney 0411 385 444 in conjunction with Raine & Horne Potts Point, Jane Schumann 0407 601 857 On 406 square metres, this free-standing Victorian terrace is tucked into a lane equidistant from Rushcutters Bay, Five Ways Paddington and Hyde Park. It offers two large living spaces on either side of a central hall.

Broadbeach Waters Gold Coast 6 Beverley Crescent 4

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Pyrmont Sydney 801/8 Darling Island Road $20 million

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Auction: Noon, September 16

Private sale

Agent: Kollosche, Jay Helprin 0407 894 775

Agent: McGrath Pyrmont,

This recently completed waterfront property is located just off Main River in

Robert Alfeldi 0418 982 688

Broadbeach Waters’ golden triangle. Inspired by high-end hotels, it offers

This house-sized penthouse comes with five

contemporary, light-filled living spaces, a sandy beach, a boat shed and a

bedrooms and a 115-square-metre rooftop

pontoon. A highlight is the day bed built into the pool.

terrace with views, including the Harbour Bridge.

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500m

Scan to see floorplans and full brochure:

LIVING IN

38.3148° S, 144.3183° E

TORQUAY GREG BRIGGS

The heart of the Surf Coast may be attracting new residents, but it’s still a laid-back seaside haven. B y PAU LIN E M O RRIS SE Y Life in the buzzing beachside town of Torquay

YOU MAY LIKE ...

Torquay

“It’s no wonder Torquay has become one of the

emits the type of carefree temperament that

most desirable locations; it’s only 30 minutes

Surf Coast Shire 185 The Esplanade

most of us reserve only for the summer holidays.

from Geelong CBD and has easy access to

$3.3 million-$3.5 million

It’s where residents relish the stunning natural

Melbourne via the M1,” Carson says. “There’s a

wonders, uplifted by a perpetually sunny

wide variety of properties dotted within the

disposition, with days either beginning or ending

township, expanding from the traditional white

at the beach or, perhaps, even both.

weatherboard, ’70s-style beach houses to the

Located just under 90 minutes’ drive from Melbourne, Torquay is the gateway to Victoria’s

Sleepy no longer

heart. Tim Carson of McCartney Real Estate says

Adding to Torquay’s burgeoning cafe and

it offers all the modern creature comforts that

restaurant scene, The Kyn, co-owned by

one would expect in Melbourne, but has the feel

longtime local Yasmin Burton, serves a Middle

of a relaxed, close-knit coastal community.

Eastern-inspired menu and overlooks the iconic

permanent residents, families, professional

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more modern, architect-designed homes.”

Great Ocean Road and the Surf Coast’s beating

“The local population consists of long-term

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esplanade’s beachfront.

“I have lived in Torquay/Jan Juc for 10 years now,

couples, and city folks who’ve come for a change

and it’s definitely no longer a sleepy coastal

of pace,” he says.

town,” Burton says. “My ideal weekend would

Expressions of interest

often include a coffee and produce pick-up at

Agent: Ferris Gold, Michael Ferris 0488 005 884

diversity and inclusion, where everyone makes

the Torquay Farmers Market, a walk along the

Illuminated by a wall of windows, this seaside

the most of its laid-back way of life.”

cliffs of Jan Juc to the beach to watch my partner

property capturing breathtaking views of

surf, and a night out at The Kyn with a group of

Torquay’s coastline has three separate living

friends for some cocktails and good food.”

areas and a main bedroom suite with a separate

“It has a great sense of belonging that promotes

Growing more desirable Although Torquay’s uniform typically involves

Burton says Torquay is a beautiful place year-

boardies, wetsuits and thongs, the town’s current

round, though winters are becoming busier and

median house price of $1.305 million means

there’s no better time than summer.

balcony perched in the north-east corner.

Popular Bells Beach,

serious business, growing 35.8 per cent year on

“I love the sunshine and the busyness at that

year. According to the latest Domain House Price

time of year; everyone’s swimming, catching up

near Torquay, is possibly

Hover your camera over the

Report, this has contributed to its staggering 86.4

with friends, and heading out to eat and drink

the Surf Coast’s main

code to see Domain listings

per cent rise over the past five years.

locally,” she says.

attraction.

in Torquay

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Bold & the beautiful Colour drenching is a new way to transform smaller spaces– all you need is a touch of courage.

B y E LIZ AB E TH CL ARKE

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FEATURE STORY

H

ow we decorate our homes makes an impact on us every day, and what better way to make your walls talk than with colour? From vibrant lipstick red to dusty grey, colour’s saturation, vibrance and hue have the magical ability to elevate and celebrate your favourite space.

“After spending so much time at home recently, there is a genuine desire to express individuality in our homes,” says Brisbane interior designer Angie Rogers of Interior Tailor Company.

“Utilising every inch is important, and turning a pokey, unloved space into a cosy corner filled with personality is appealing.”

Enter “colour drenching”, the paint-everysurface-in-sight trend that sees colours break free in every direction.

“It’s a really exciting trend,” says paint and colour expert Annie Sloan, the founder of Chalk

Paint who has published 26 books on paint effects, colour and interior design.

“Paint walls, furnishings, lamp fittings and even picture frames in similar shades, then sit back and bask in compliments.”

Designer Shona McElroy of Smac Studio agrees and says it’s not only a trend with impact but an easy way to pull your home together.

“Colour drenching is also a popular fashion trend because we love to co-ordinate, rather than use a pop of colour,” she explains.

“Contrary to what it might feel like, it’s a way to keep everything cohesive and design intentional.”

Choose your space Avoid the passe feature wall or large rooms where too much colour can overwhelm.

Look for smaller nooks and spaces, like the

LISA COHEN / STYLING BREE LEECH

study, bedroom or powder room, in which to experiment.

“Colour drenching can make a small room feel bigger,” Rogers says. “It has the effect of pushing the walls, doors, windows and trim into the background, allowing furniture, lighting and accessories to star.”

Consider mood, space, impact Certain colours capture our moods. Some are subjective, and research shows others have mood-altering effects depending on their brightness, shade, tint or tone.

Bright and light colours evoke feelings of joy, green is linked with nature and growth, and grey and blue feel calm and soothing.

“Consider the mood you want to achieve and the level of natural light available in your space,” Rogers suggests. “Deep greens and blues create rich, luxurious spaces; pinks, rose and berry are soft and feminine; and bright yellow is super fun and vibrant for an inviting space.”

Select a colour

Left: St Kilda residence with interior design by Doherty Design Studio.

DEREK SWALWELL

Above: Indulge palette by Dulux. Left: Malvern House by Lande Architects. Below: Erskine House by Kennedy Nolan.

You can go top-to-toe in bold, dark, hushed or bright hues, or envelop an entire room in shades from the same section of the colour wheel.

Test-patch a wall first to check that your colour choice works with the light in your space and is sympathetic to its architectural detailing.

Most importantly, see if it inspires you and makes you feel at home.

“If you are afraid to pick a really bold colour and go crazy painting it on every surface, select one colour and use different tones and levels of saturation,” Rogers says. “You’ll achieve a contemporary monochromatic colour-drenched effect but in a much softer application.”

Think about your space in terms of layout and furnishings and how each will relate to your selected colour. Bold primary tones work perfectly on all types of furniture, and the right shade even breathes new life into old pieces.

McElroy is drawn to heavily pigmented colours in a melee of tones and materials.

“Play with material with different effects like translucency, softness and reflectivity,” she suggests. “Think hard polished plaster with leathered stone, marble, aged metals and different types of upholstery.”

Sloan says the powder room is an easy space in which to experiment.

“Pick a surprising shade; something statement-worthy and joyful such as Capri Pink [from Sloan’s Chalk Paint range] to empower and suggest the fun glamour of a restaurant or hotel bathroom,” she says.

Now paint When you have chosen your star colour, splash with abandon.

Commit to the cause and envelop your space, celebrating even the most subtle of details.

“Shut the door and start painting every wall, the ceiling, power points, architraves and furniture,” McElroy says.

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S PECI A L F E AT UR E

APARTMENT LIFE

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Beautiful harbour views from the Luigi Rossellidesigned apartments at Ode in Double Bay.

ODE 19-27 Cross Street, Double Bay Developer: Top Spring Australia Architect: Luigi Rosselli Architects

Ringside seat to harbour and city Building on Double Bay’s renaissance, Ode is 15 apartments that deliver a luxury lifestyle in a village community.

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ouble Bay has become one of the country’s favourite harbourside enclaves, and little wonder.

With Steyne Park and Double Bay Wharf on its northern tip and Blackburn Gardens and Red Leaf Beach to the north-east, the Sydney suburb has the advantages of a magical harbourside locale and inner-city convenience.

It’s a 15-minute ferry ride into Circular Quay or residents can walk to Edgecliff Station, while the village itself offers everyday amenities and wining and dining options for every occasion.

A location of this calibre is prime pasture for boutique residential development, and Top Spring Australia is ready to deliver 15 worldclass apartments.

Top Spring managing director Sydney Ma says no detail has been spared to bring an unprecedented level of luxury to the suburb.

“It’s not often buyers have access to home-sized apartments in the eastern suburbs, especially in Double Bay,” he says. “These jewels are rare, and we worked closely with Rosselli to create these spaces.”

Architect Luigi Rosselli is highly respected, and it was his reputation for creating outstanding homes and boutique residential buildings that led Top Spring to engage his services for Ode. “We love his signature style of sweeping curves and arches that take centre stage throughout Ode, and his design is a beautiful mix of European refinement and the ultimate eastern suburbs lifestyle,” Ma says.

“We have really thought about how the residents would use these spaces and ensured that each residence truly feels like a home.

“It’s an incredible representation of old-world

glamour and modern touches that tie perfectly to the renaissance of Double Bay.” The village found a new lease of life with the arrival of the InterContinental hotel in 2014, followed by new restaurants, bars, and retail and commercial offerings.

“Double Bay has undergone a wonderful resurgence in the past few years, and we are excited to deliver Ode to proudly take centre stage,” Ma says. “We know our buyers will mostly be hyper-local, and you can see why: residents will have everything they could possibly desire in such close proximity.”

It’s not hard to imagine the easy rhythm of life at Ode: breakfast on the balcony reading papers delivered by the concierge, a midmorning walk to the harbour followed by coffee at a nearby cafe, a long lunch at Neil Perry’s Margaret, and home to a bottle of wine retrieved from a private wine cellar and enjoyed while watching the sun sink over the harbour.

“Residents will be greeted by local store owners and dining institutions in this village atmosphere, where their community embraces and celebrates each other,” Ma says.

Interior designer: Alwill Interiors Landscaping: Black Beetle Number of apartments: 15 Internal size (sqm): Three-bed 225-239; four-bed 301-309; penthouse 219-311 External size (sqm): Three-bed 29-50; four-bed 43-62; penthouse 88-158 Prices: Three-bed from $9.695m; four-bed from $11.995m; penthouses from $21.495m Completion: 2025 Agent: 1st City Projects, Brad Caldwell-Eyles 0414 246 625 Display suite: 4 Transvaal Avenue, Double Bay. Open by appointment only.

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THE PROPERTY INVESTOR

Market readies for overseas demand Local investors have had the market to themselves for a while, but agents are starting to see renewed international interest.

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Sydney’s Mosman is one of the top target suburbs for overseas searches on Domain.

verseas investment in Australian residential property dropped by 23 per cent in the first seven months of this year compared to the same period in 2021, creating more breathing space for local investors.

With signs indicating offshore demand may pick up again as soon as all borders reopen internationally, it looks as though there’s currently less competition for the more prestigious properties in Melbourne and Sydney.

“We did see an unusually elevated demand from overseas investors last year when we look at overseas searches for Australian property,” says Domain chief of research and economics Dr Nicola Powell. “As soon as the US and UK were out of restrictions, we saw a jump in the numbers of inquiries from foreign buyers, overseas students and expats.

“Back then, we had so many reports of buyers buying sight unseen and people looking to purchase as they were nervous the market was running away from them in terms of price growth. But now we’re seeing that demand drop back and correcting itself.”

From January to July 2021, for instance, Domain data shows overseas searches rose 22 per cent on 2020. Since then, another factor in their levelling off could also be the doubling of foreign investment fees from July 29. The highest volumes of searches this year have so far

“We’re particularly seeing the Chinese market come back to life.” come from the US, New Zealand, Hong Kong, China and Singapore, followed by Canada, Indonesia, Vietnam and India. The UK comes in at number 20.

“Those numbers are often indicative of the size of the country,” Powell says. “And the order doesn’t bounce around much.”

The top target suburbs for overseas searches are also fairly constant, being topped by the Melbourne region, then Sydney’s Middle Harbour, Sydney city, Mosman, Chatswood and North Sydney. Melbourne’s South Yarra comes in at number 10.

Many of those areas already have significant overseas populations, so others from those countries feel confident about investing there, and they’re also home to a fair share of more expensive, prestigious properties.

Gowan Stubbings of Kay & Burton South Yarra says they are seeing a pick-up in inquiries from mainland China since there’s already an established Chinese community in the city.

“When their border reopens, I think we’ll see quite a lot of activity from mainland China and Hong Kong,” he says. “They often already know people here, and they’re interested in education and, with Melbourne winning the title of the world’s most liveable city seven times in a row [in 2017 by the Economist Intelligence Unit], that really put it on the global map.”

In Sydney’s Middle Harbour, Atlas Lower North Shore agent Adrian Bridges is also seeing an increase in inquiries.

“For the last couple of weeks now, we’re seeing people flying in to look at homes they want to buy,” he says. “With rents so high, they’re looking at rental returns and then planning to move in one or two years later.

“We’re particularly seeing the Chinese market come back to life.”

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Noosa Waters 18 The Peninsula Live your best life in Noosa Renowned as Noosa’s ultimate address, where sophistication, style and nature can be found in the one place. An idyllic north-east offering with 19 metres of majestic water frontage, this property is rare.

- Generous 789m2 block, uninterrupted 180 degree wide canal views - Private jetty, waterfront pool with expansive deck & outdoor bar - Large pavilion style courtyard abuts a gourmet entertainers’ kitchen with Miele appliances - Spacious master retreat with ensuite & walk-in robe - Separate children’s/guest wing with 3 bedrooms & bathroom - Oversized living room with separate sitting area

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Auction Saturday 24th September onsite at 10:00am Open Home Saturday 10th September at 10:30am – 11:00am

Casey Languillon M 0410 643 535 casey.languillon@harcourts.com.au Nathan O'Neill M 0413 978 788 nathan.oneill@harcourts.com.au