Domain Prestige - October 12, 2022

12 OCTOBER / 2022

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

BIRD’S EYE VIEW Sk y-high living at it s fine s t

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M E T R O P O L I TA N B Y

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A TOW E R I N G N E W PA R K S I D E M A S T E R P I EC E HYDE

PARK

SOUTH

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THE ENV Y OF THE WORLD C O N S T R U C T I O N O F R O YA L E G O L D C O A S T I S U N D E R W AY. A N O P U L E N T C O LLECTI O N O F N O R TH - FAC I N G PE NTH O U S E S A N D 3 & 4 B E D R O O M R E S I D E N C E S .

The magic and charm of Australia’s Gold Coast has attracted many who seek the endless summer.

A name synonymous with style, David Devine has assembled some of Australia’s leading visionaries to bring you the finest absolute beachfront penthouse collection and luxury residences ever seen.

The stunning resident amenities, Royale Beach Club and Club Royale epitomise the ultimate in luxury living with 2 resort style beachfront swimming pools, Cuccina chef’s kitchen, private dining, executive lounge and bar with wine & whiskey cellars.

A golden opportunity awaits you at Royale Gold Coast.

U N D E R C O N S T R U C T I O N B Y H U T C H I N S O N B U I L D E R S AT 7 – 9 N O R TH C LI FFE TE R R AC E , S U R FE R S PA R A D I S E .

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ARTIST IMPRESSION

YO U A R E I N V ITE D TO M A K E AU S TR A LI A’ S M O S T C OV E TE D B E AC H FR O NT A D D R E S S YO U R H O M E . T H E D R E A M H A S N O W B E C O M E A R E A L I T Y. V I S I T T H E S A L E S D I S P L AY. O P E N D A I LY : 1 0 A M T O 4 P M C N R O F M A R K W E L L AV E & S U R F E R S PA R A D I S E B LV D , S U R F E R S PA R A D I S E .

S E C U R E Y O U R P R I VAT E A P P O I N T M E N T. E N Q U I R E N O W .

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B y PAIG E TO N NA

Paradise Point Gold Coast 1/2 Paradise Parade 3

J OSE PHIN E H U YN H

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Auction: 5pm, October 31 Agent: Ray White Sovereign Islands, James Drake 0449 747 491 We all want a piece of the action. You know, a home that’s close to it all -

On a north-facing frontage of the Coomera River,

everyday amenity, a bustling foodie scene and retail mecca at your

this 400-square-metre apartment is a boat-

doorstep. After all, it’s about location, location, location in real estate, right?

lover’s paradise complete with a pontoon, deep-

But with less vacant land near our CBDs and growing demand for low-

water marina berth and boat ramp. Luxurious

maintenance living, the only way to build is up. You’d be surprised at the

features include a dolomite stone kitchen

sheer amount of staggering space on offer in high-rise apartments across

benchtop finished with Gaggenau appliances, a

the country. We’re talking whole-floor penthouses, private rooftop infinity

dedicated dressing area and en suite in the main

pools, the best panoramic views money can buy and, in some cases,

bedroom and a spacious entertaining deck.

affluent buyers who have bought multiple apartments off the plan to customise and combine them into one luxury home. The sky is truly the limit in this Prestige Apartment Special edition where we bring you the very best on the market that will have you living the high life.

O U R COVE R 6/13 Eden Street, Tweed Heads Listed by RBR Property Consultants PAG E 5

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

DESIGN DIGEST More than meets the eye

FEATURE STORY High-end apartment market

LIVING IN Much loved in Melbourne

THE PROPERTY INVESTOR From strength to strength

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Tweed Heads Tweed Shire 6/13 Eden Street $5 million

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Expressions of interest Agent: RBR Property Consultants, Gavin Keith 0438 243 441 Offering unbeatable views of the Tweed River and its surrounds, this penthouse in the Dbah building hits the market for the first time since its construction. Sleek in design, it is minutes from some of the area’s best attractions on both sides of the NSW-Queensland border.

Brighton

Eastwood

Melbourne g02/41a 02/41 Black Street 02/41a

Adelaide 134/220 Greenhill Road

$3.4 million

$2.85 million

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Private sale

Private sale

Agent: The Agency Port Phillip/Bayside, Michael Paproth 0488 300 800

Agent: Harris Real Estate,

Exuding a refined extravagance around every corner, this sophisticated,

Richard Hayward 0418 825 455

ground-level garden home has been designed by the award-winning team

New York cosmopolitan meets Adelaide in this

at Carr with landscaping by Acre. Bespoke oak flooring and stone fixtures

sun-soaked, dual-level apartment located

set the mood of the home while you entertain from the gourmet kitchen.

moments away from the attractions of the CBD.

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A S I N G ULAR VI S I O N

Artist's Impression

TH E O N LY RES I D ENTIAL D EVELO PM ENT O N FLEM I N GTO N R ACE C O URS E I N ITS 1 82 YE AR H I STO RY

Retreat to your very own tranquil oasis only 15 minutes from the CBD. Finessed by renowned architecture and interior design practices ARM and Carr, The Darley boasts 2, 3 & 4 bedroom residences, with luxury amenities including a subterranean wine cellar, cinema, 300sqm health and wellness centre, sauna, private dining rooms, lounge and infinity pool.

Residences priced from $610k - $4.3m.

TH EDARLEY.C O M . AU

Carl Hexter 0409 411 507 Nicole Dun 0423 809 952 8

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DESIGN DIGEST

Works of art Great designers have a way of reinventing age-old staples as modern masterpieces. C o m p i l e d b y PAU LIN E M O RRIS SE Y PLAY OF LIGHT Minimalist yet theatrical, the Colour Floor Lamp by Norwegian designers Daniel Rybakken and Andreas Engesvik for e15 exhibits two pieces of tinted glass with a white circular diffuser in between, resulting in a striking glow. e15.com

POSTMODERN ICON Designed by Terje Ekstrom in the 1980s, the Ekstrom Chair was famed for being uniquely sculptural yet surprisingly comfortable. Re-released, this icon is available in Australia through Tigmi Trading. tigmitrading.com

CREATIVE FLAIR

RUG MEETS ART Inspired by the painting of the same name, the Rituale Rug designed by Umberto

Developed by husband

Riva for the Italian brand Tacchini, is handwoven in 100 per cent Himalayan wool, showcasing a

and wife duo, Viola

beautiful relationship between traditional craftsmanship and modern art. stylecrafthome.com.au

Heyn-Johnsen and Jonas Trampedach, HAY’s Parade Lamp Series is a collection of illuminating sculptures. With a square base and arched top in coloured glass, they make a statement when turned on or off. hayshop.com.au

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FEATURE STORY

Penthouses at North Sydney’s Aura development are priced from $12.5 million.

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hey’re the absolute kings of the castle – the luxury oversized homes sitting on the highest levels of some of Australia’s finest apartment buildings, with stunning layouts, fittings and views.

And they’ve never been more in demand.

“In the old days, the cheapest apartments on the lowest floors always used to sell first in the market,” says David Milton, managing director of CBRE Residential Projects. “But not now.

Today, these buildings sell from the top down.

“Penthouses and high-end apartments are in huge demand all over Australia. There are a lot of Baby Boomers and wealthy older people who want a lifestyle change and apartments mean no more mowing lawns and doing maintenance and, at the same time, tremendous views and first-class security and services.”

Their popularity dipped slightly during the pandemic when houses on land enjoyed a resurgence because of the larger spaces and bigger outdoor areas they often offered.

“But now, with things settling down with COVID, penthouses are back high in appeal,

On top of the world Penthouse buyers have a discerning shopping list that includes spectacular views, a prestige building and a brilliant location.

B y SU E WILLIAMS

especially the ones I consider are genuine penthouses that take up the whole of a top floor, and are in a good position,” says Peter Kudelka of Kay & Burton South Yarra.

“We have a lot of clients who have houses in the country or at the beach, but like a penthouse in the city, too. They do love the prestige they have as well as the convenience and the way they can just lock up and leave.”

At the moment, there is a wide range of penthouses on the market around the country

that fits what buyers are looking for in terms of both lifestyle and the kind of features that mean they’re likely to hold their value.

In Sydney, for instance, there’s the fourbedroom Kurraba Residences penthouse in Point Piper, with a price guide of $50 million, while in Potts Point, there’s Queensgate’s Sovereign penthouse – on the site of the iconic Bourbon in Kings Cross – at $16 million.

Other notable penthouses for sale are Aura’s in North Sydney, starting at $12.5 million, and two

penthouses at the new Ode in Double Bay on sale for $21.495 million each, where the third recently sold for the area’s record-breaking $24.95 million.

Meanwhile, Melbourne has a selection that includes the three-bedroom, whole-floor penthouse at 700 Orrong Road, Toorak, with a price guide of $6.45 million, and Brisbane has a three-bedroom penthouse at 218 Vulture Street in South Brisbane that is seeking offers over $5 million.

“People see huge value in good-sized, generally top-floor high-end apartments in irreplaceable locations,” says Phillip Rand of YPM Group. “We end up with a lot of interest locally as well as interstate and from overseas.

“The one on Vulture Street, for instance, is only five years old but has had a bespoke renovation with top-quality finishes and features like one-way glass mirrors in the bathroom so you can see out to the skyline, and also your guests if you’re having a dinner party.

I’ve had probably 200 inquiries on that so far.”

Interior designer Kirsten Stanisich of Richards Stanisich has fitted out many penthouses – most recently those at Aura – and says their buyers look first of all for glorious views and prestige, with excellent locations.

“Then, they want beautiful high-quality interiors, an elegant palette of materials and a sense of permanence,” she says. “They also want a generous sense of space with a good layout.

“Living and sleeping areas should always be separately zoned and there should always be a sense of arrival at the entry as a transition from the rest of the building to the privacy and intimacy of the penthouse.”

The features most in demand at the moment for penthouses are natural stones, timber or parquetry floors, and an atmosphere of restrained sumptuousness. Those all feed into the sense of stature of the penthouse, which can

The penthouse at 700 Orrong Road, Toorak, above; Sovereign penthouse, Queensgate, 18-32 Darlinghurst Road, Potts Point, above right; 1402/218 Vulture Street, South Brisbane, below.

be very important to purchasers, says Romaine Alwill, director of Alwill Interiors, who most recently designed the Ode penthouses.

“It has to feel exclusive,” she says. “It has to be special with the best light and space.

“Many of the buyers will be empty-nesters who’ve moved from big houses and, although they’re downsizing, they still want the area and sense of luxury. That’s always front of mind when we do the interiors.

“The spaces have to be flowing and seamless and there has to be something unique, with ‘jewellery-box moments’, and a point of difference with other apartments.”

That might be plusher carpets, higher-quality timber flooring, feature wallpaper or bespoke detailed joinery with elements like leather inserts, and more bronze, brass or feature metalwork, as well as Venetian plaster, in bathrooms and kitchens.

“As well as those selling points, a lot of buyers no longer want to do the gardening at weekends, and they like access to a concierge and a cosmopolitan lifestyle near restaurants and shops,” says Alwill.

Toorak Melbourne 700 Orrong Road $6.45 million

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Private sale Agent: Kay & Burton South Yarra, in conjunction with RT Edgar, Peter Kudelka 0418 319 439 and Lachlan Fox 0419 833 768

Potts Point Sydney Sovereign penthouse, Queensgate, 18-32 Darlinghurst Road $16 million

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Private sale Agent: CBRE, Ben Stewart 0412 753 740

South Brisbane Brisbane 1402/218 Vulture Street $5 million+

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Private sale Agent: YPM Group, Phillip Rand 0404 439 567

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NOW SELLING WENTWORTH POINT’S E XC L U S I V E WAT E R S I D E R E L E A S E • • • •

Designed by award-winning architects Located 16 kilometres from Sydney’s CBD 171 luxury waterside apartments Premium finishes and appliances

• • • •

FIND OUT MORE 1300 726 288 sanctuaryapartments.com.au Shop 9/1 Burroway Road, Wentworth Point NSW 2127 12

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Diverse range of apartment designs Breath-taking water and parkland views Walk to ferry, buses, shops and schools Multi-level gym facility & indoor pool

LIVING IN

37.8238° S, 144.9625° E

SOUTHBANK ROB BLACKBURN

On the cusp of Melbourne’s CBD, this riverside suburb balances a big-city buzz with pockets of tranquillity. B y PAU LIN E M O RRIS SE Y Much was said in recent years about urbanites

Melbourne, along with people returning to work,

fleeing the cities for a tree or sea change, but as

resulting in increased buyer demand and activity.

Australia inches closer to a new normal, a craving

who want to be close to work, as well as those

seems to be making a comeback.

who enjoy having endless options of urbanreason why Melbourne is highly regarded as one

small yet sophisticated suburb on the Yarra River.

of the most livable cities in the world, and

With the vast majority of its residents living in

Southbank allows you to experience this.”

streets and people on the move serve as daily

Community in the city

reminders of the excitement and action afforded

Offering slices of serenity in Southbank, Shane

by this world-class cultural hub.

and Bridget Fernando run two local ventures that

The crown of Melbourne

Melbourne 86/7 Riverside Quay $17 million

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focused activities,” says Pastrikos. “There’s a

neighbourhoods like Melbourne’s Southbank, a

high-rise apartments, fantastic views across city

Southbank

“Southbank attracts inner-city professionals

for our cities’ vibrant cultural and social scenes This is particularly true for well-rounded

YOU MAY LIKE ...

aim to strengthen the area’s sense of community.

The cafe and share library Frankie Walter Peta

Moving to Melbourne 11 years ago and choosing

opened in 2017, followed by the cafe and yoga

Southbank as the place to call home proved to

studio Nadi Studios, which opened in 2021.

Expressions of interest

be “the best decision”, says Michael Pastrikos of

“Bridget and I have both lived in the area for

Ray White Southbank. The inner-city suburb links

eight years; it’s where we have worked, raised

Agent: RT Edgar Albert Park,

you to Melbourne’s best lifestyle precincts while

kids, and grown our businesses,” says Shane. “It’s

Gerald Betts 0418 371 855

still having a unique atmosphere and lifestyle.

great to watch the corporate crowd come in ...

Set high on the 86th floor of the iconic Eureka

but even more rewarding is seeing residents get

Tower, this spectacular, all-encompassing

quiet suburban street, but you won’t find the

to know each other and build genuine bonds, just

penthouse appears straight out of Manhattan,

constant hive of activity that you will in

like they would in a suburban community.

framing 360-degree views that dazzle.

“When you step out, you’re not going to find a

Melbourne city either,” he says. “There are

“We love popping into the Boyd library and

pockets ... where you will find quiet leafy streets

playground, heading to an art gallery ... and

Southbank and the

and others that are buzzing with people ...

ducking over to the South Melbourne Market

Melbourne Convention

generally, it’s a balanced blend of the two.”

during the weekends,” he says.

and Exhibition Centre as

Hover your camera over the

seen from the Seafarers

code to see Domain listings

pedestrian bridge.

in Southbank

Pastrikos has witnessed firsthand how energy and life have zealously been restored in

“Even nearby parks are in excess, including the Royal Botanic Gardens.”

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THE PROPERTY INVESTOR

VAIDA SAVICKAITE

Apartments prove their resilience As house prices stall or go backwards, apartments continue to perform and already strong demand for rentals is set to climb.

B y SU E WILLIAMS

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A 1 per cent vacancy rate for rentals is luring investors back into the property market.

partments have never been sexier property investments, with unit prices outperforming houses for the first time in three years, and the price gap between the two hitting a record-smashing 72 per cent.

“There are certainly opportunities in this market for apartment investors,” says Murray Katz of LogiX Financial Services. “Rental yields are slowly coming back after being depressed for quite a while, and the tax benefits are more advantageous.

“As an asset class, they’ll probably be more on the rise than before and, of course, they’ve always been more affordable than houses.”

Interest rate hikes and rising inflation will also combine to make apartments even more desirable because of their relative affordability.

In addition, as house prices rose spectacularly during COVID, by 34 per cent in the capital cities from trough to peak, those house prices are tending to slip by more than apartment prices now we are (hopefully) through the worst.

Domain’s latest House Price Report, for instance, shows that apartment prices in many

areas are remaining much more solid than those of houses. While unit prices rose 4.4 per cent in Canberra, 4 per cent in Adelaide and 3 per cent in Darwin over the last quarter, in the cities where they didn’t do so well, they still fared better than house prices.

“In a year’s time … a lot of people will be saying they should have bought now.”

In Sydney, where house prices slumped by 2.7 per cent over the second quarter of 2022, apartment prices fell by only 0.6 per cent; in Melbourne house prices dropped 0.9 per cent but units rose 0.4 per cent; and in Brisbane, house prices rose 0.2 per cent as against units’ increase of 1.4 per cent.

Will Honey, director of sales and projects at The Property Collective in Canberra, says that price growth means investors should buy sooner rather than later.

“There is such a big gap now between prices of apartments and houses; apartments offer better value,” he says. “There’s also now a solid rental market and a 1 per cent vacancy rate, so we’re finally seeing investors coming back into the market in greater numbers than we’ve seen for a while.”

The prospects also look good for the future of the apartment investor market, believes Ian Bennett, director of Colliers International Residential.

“Rents have been increasing sharply,” he says.

“In the last three weeks, for example, we’ve seen rents in two-bedroom apartments in the Newmarket development in Randwick [Sydney], go up from $850 a week to $1150, and for three beds from $1150 to $1500.

“People are bidding against each other for rents as there’s a housing crisis on the horizon.”

Katz says apartments are also good prospects for investors as they share repair and maintenance costs for common areas with other owners, and council rates are lower for units.

Demand is also rising. “When immigration starts early next year, and students have already started to come back, there’ll be even more demand for rental apartments,” Bennett says.

“In a year’s time, I think a lot of people will be saying they should have bought now!”

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LI M IT ED ED ITI O N

AN EXCLUSIVE COLLECTION OF SEVEN TERR ACES OF R ARE BEAUTY BY SMART DESIGN STUDIO AND MIRVAC IN GREEN SQUARE.

4 Storey | 4 Bedroom + Family Room | Double Lock-up Garage | Rooftop Terrace EXPRESSION OF INTEREST GREENSQUARETERRACES.MIRVAC.COM

Artist’s impression as at 8 August 2022. Architecture and landscaping are indicative only and may not represent final landscaping.

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Artist’s impression as at 8 Augus The layout and orientation of the

t 2022. Architecture, landscaping and finishes are indicative only and subject to change. Image shows upgraded finishes and fitting options. e living room is an option. The default orientation is as per the sales plan. Furnishings in this artist impression are not included in the terrace.

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APARTMENT LIFE

B y E LIZ AB E TH CL ARKE

Terraces for the modern age Portman St Terraces in Sydney’s Zetland provide luxury designer homes with an urban buzz close to the CBD.

PORTMAN ST TERRACES 77-89 Portman Street, Zetland, NSW Architect: Smart Design Studio Developer: Mirvac Prices: Expressions of Interest. Price on request.

Completion: Mid 2023

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ld meets new at Portman St Terraces, a collection of seven architect-designed terrace homes in one of Sydney’s most dynamic neighbourhoods.

The result of an innovative collaboration with Mirvac and award-winning Smart Design Studio, Portman St Terraces offers a different model of urban living that places its residents in a tranquil setting just moments from Green Square Town Centre, a vibrant and fast-evolving green community in the city’s inner south.

Situated in Zetland, the former industrial heartland is Australia’s largest urban renewal

project with bike and walking routes, recycled water, public transport links and groundbreaking design.

Just four kilometres from the CBD, its town centre is quickly establishing itself as a lifestyle go-to with retail, restaurants, library, aquatic centre, cultural hub and, soon, 6200 square metres of lush, landscaped parkland.

“Green Square Town Centre has become a magnet for people searching for a luxury designer home where they can enjoy the urban buzz and still be close to the CBD,” says Mirvac general manager of residential development

NSW, Toby Long. “Portman St Terraces is close to all amenities and transport yet benefits from a quiet street address. It is a rare addition to the Zetland neighbourhood.”

Sitting at the edge of the area’s heritage precinct, the building’s striking white Spanish La Paloma brickwork facade is a stunning landmark on its tree-lined street.

Contemporary in design, it draws inspiration from its neighbouring Victorian terrace houses.

While the original homes used their balconies to create privacy from adjoining terraces, Portman St Terraces employs curved masonry fins and sculpted recesses that reach out to the street, drawing in natural light, ventilation and lush views.

“We wanted to create something quite grand and luxurious but with an understated Armani approach to luxury,” says William Smart, founder and creative director of Smart Design Studio. “It was important to design something that would feel on-trend now and in 30 years.

“It’s more about the precision of the detailing and quality of the materials and the way they work together.”

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ARTIST IMPRESSION

The designers took an ‘understated Armani approach to luxury’ when creating the contemporary residences.

ARTIST IMPRESSION

The boutique development embraces seven individual terraces encompassing four levels of design-led luxury. Each includes four generous bedrooms, a main en suite with a walk-in wardrobe, a family room and direct private lift access to all levels from a secure and private double-car garage.

While traditional terraces lack a connection to outdoor living, Portman St Terraces blurs the lines between inside and out.

Each terrace features several indoor and outdoor living spaces, including a north-facing, partially covered rooftop terrace accessible by lift or stairs.

The ultimate entertaining space, it includes a generous outdoor dining space, a barbecue and a fully equipped outdoor kitchen.

Inside, unlike classic Victorian terraces, each residence is bathed in warm, neutral tones and organic textures like timber, oak and stone, making it a refuge from the outside world.

“We were interested in exploring a subtle and harmonious combination of materials and colours,” explains Smart. “This warm internal backdrop has been designed to ensure one can

ARTIST IMPRESSION

ARTIST IMPRESSION

Gaggenau appliances are installed throughout, an integrated Miele fridge-freezer is concealed behind a bank of timber-look laminate cupboards, and customised porcelain benchtops are as beautiful as they are durable.

For the designer, incorporating floor-to-ceiling glass doors to make the courtyard view a focal point in the space was also essential.

While location is everything, Portman St Terraces draws from the past, is poised for the future and is very much of the moment.

Most important, it is designed for the enjoyment of its residents.

“Portman St Terraces is a rare opportunity to live in a luxurious four-level terrace home and share the lifestyle of Green Square,” Long says.

“To own a Smart Design Studio house, delivered

by Mirvac, gives them exclusivity, which is extremely appealing to those who appreciate great design and enduring quality.”

display artwork, sculpture, furniture and heirlooms that feel comfortable in their surroundings.”

Ambient, elevated north-facing living spaces breathe in garden views, while full-height street-facing windows bring in the light.

Wrapped in timber-look laminate and smooth engineered oak floorboards, the finishes – such as porcelain stone shelving and joinery – can be customised to suit any style.

Practicality and usability are important touchstones in the kitchens of the terraces, where clever and luxurious details cover every part of the floor plan.

IN PARTNERSHIP WITH

Open your camera and hover ARTIST IMPRESSION

your phone over the app code to view listing

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Artist Impression

E X PA N S I V E R E S I D EN C E S N O W S EL L I N G A limited number of residences remain in Cbus Property’s 111 Castlereagh. Designed by award-winning architects, fjmtstudio, each residence is generously sized featuring luxurious finishes, abundant natural light and seamlessly flowing outdoor areas.

Overlooking the cinematic beauty of Hyde Park and Sydney Harbour, and featuring resort-style gardens and amenities, 111 Castlereagh is an address of grandeur.

Make 111 Castlereagh your private sanctuary above Sydney’s luxury retail precinct.

Due for completion early 2024.

B O O K YO U R P R I VAT E A P P O I N T M E N T AT O U R D I S P L AY G A L L E R Y 111C A S T L E R E A G H . C O M . A U 18 0 0 4 81 117

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APARTMENT LIFE

B y K ATE FARRE LLY

ARTIST IMPRESSION

The perfect city pad 111 Castlereagh, rising above Sydney’s iconic David Jones store, is delivering the height of sophistication to the CBD.

111 CASTLEREAGH 111 Castlereagh Street, Sydney, NSW Developer: Cbus Property Architect: fjmtstudio Prices: Two-bedroom from $3.025m Completion: 2024

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t takes a bold vision to reinvent one of Sydney’s most recognisable buildings, the heritage-listed former David Jones department store.

Built in the 1930s, the art deco icon on the corner of Castlereagh and Market streets was long a magnet for the sophisticated shopper.

However, developer Cbus Property and architect fjmtstudio decided they were up to the challenge, and worked out how to build luxury residences above the iconic building.

“The Castlereagh site offers a prestigious address with rare historic character in the

centre of Sydney,” explains Cbus Property chief executive officer, Adrian Pozzo. “It provides the opportunity to offer the best of both worlds by both showcasing the heritage and also bringing it into the future, with new architecture and world-class retail, commercial and residential assets.” The resulting design of 111 Castlereagh is a lesson in thinking outside the box.

“We tried to place ourselves in the minds of the original architects, reimagining this building with the same progressive ambition,” says Richard Francis-Jones, design director at fjmtstudio.

First, the design team decided to carve a central atrium in the original building and nest the new residential tower above.

Supported by tapering columns, the tower takes on a curvilinear form that, from street level, appears to place no load on the heritage building.

Francis-Jones says the new tower appears to hover above the existing building without disturbing its character and form. The bronze finish has a futuristic sheen but also pairs beautifully with the sandstone and travertine facade below.

To soften the distinction between old and new, on the podium levels fjmtlandscape has designed landscaping to provide inviting relaxation spaces ideal for both quiet contemplation and group gatherings.

“The core landscape design concept is to create a multi-surface urban landscape experience specific to the site and for the amenity and enjoyment of the residents,” says James Perry, principal at fjmtstudio and fjmtlandscape.

To this end, a series of paths meandering through garden spaces feature across a two-

A DV ER T IS IN G F E AT UR E

ARTIST IMPRESSION

The development comprises 98 residences, dynamic commercial spaces and luxury retail and dining.

ARTIST IMPRESSION

ARTIST IMPRESSION

level haven offering a swimming pool, gym and multifunction space alongside lush planting that will include Australian natives.

Blake Schulze, Colliers’ residential national director, says the resort-style amenities – especially the outdoor pool overlooking Hyde Park – have been a huge attraction for buyers who feel it will provide a peaceful sanctuary in the CBD. A new build of this calibre wouldn’t be complete without a concierge, with the services provided expected to include personal shopping, private catering, reservations and stylist consultations.

The concierge will also be able to assist residents with reservations for bookable event spaces such as The Retreat, which features a casual lounge, intimate dining room and kitchenette.

The Terrace is an expansive outdoor area wrapping the curvature of the podium, where gatherings can be held under the city lights.

A handful of residents will have access to The Cellar, a secure, climate-controlled room with custom cabinetry built to store fine wine.

Additional services are to include home automation and electric vehicle charging.

In the residences themselves, Schulze says buyers are impressed with the generous floor plans and bespoke interior design.

There are 98 residences in total, with a limited number remaining for sale.

Internal sizes range from 62 square metres up to 223 square metres and city, park and water views are celebrated through floor-toceiling windows.

The dominant elevation faces east and will capture the most coveted views over Hyde Park and beyond to Sydney Harbour.

IN PARTNERSHIP WITH

Lina Sjögren, fjmtinteriors principal, says the curvilinear elements of the interiors were drawn from the building’s architectural design.

The kitchen island bench is a striking sculptural piece, hand-finished from statement stones, and paired with custom-designed tapware, which also features in the bathrooms where curved walls are covered in handmade glazed tiles for a spa-like ambience.

“The residences evoke a sense of easy luxury where everything has a place, and there is a place for everything,” Sjögren says.

With its impressive level of detail, 111 Castlereagh will deliver a prestigious, mixed-use development to the CBD, Schulze says, that will integrate opulent residences with dynamic commercial spaces and luxury retail and dining.

“Everything is at your doorstep,” he says. “Hyde Park, world-class shopping, cafes, restaurants and theatres. It is the perfect city pad.”

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One of a kind floorplans.

2, 3 & 4 bedrooms now selling.

83 Wattletree Road, Armadale.

Find out more

Ross Hams 0410 160 151 SocietyArmadale.com.au

Selling Agent

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Builder

Architect

Interior Designer

Landscape Architect

Kitchen Appliances

Fridges / Freezers

Tapware

A DV ER T IS IN G F E AT UR E

APARTMENT LIFE

B y MARG ARE T Q UILTE R

The finishes palette comprises texturally rich yet pared-back materials.

IN PARTNERSHIP WITH

A sanctuary in Armadale Society Armadale comprises 25 boutique residences with generous terraces and courtyard-style gardens.

S

et in one of Melbourne’s most well-to-do neighbourhoods, Society Armadale reflects the luxurious and leisurely lifestyle synonymous with this inner-city suburb; lush, tree-lined streets, prestigious schools and high-end shopping.

Perfectly positioned among the beautiful homes that Armadale is renowned for, Society is moments away from fashionable High Street and buzzing Glenferrie Road.

Armadale’s newest address offers 25 boutique residences with generous terraces and courtyard-style gardens, with a select few having access to private infinity-edge swimming pools.

“Our vision for Society was to provide a private sanctuary in the heart of Armadale, within a contemporary and timeless piece of architecture which facilitates an effortless and healthy way of living for its future residents,” explains Mark Spraggon, design director of CHT Architects.

“Designed to enrich the lives of its residents, the user experience has been front of mind in designing the functionality of the overall building and within each bespoke apartment.

“With people spending more time at home than ever before, comfort, luxury and convenience were real driving forces behind our design strategies.”

Society is the work of an exceptional team: CHT Architects, Sora Interior Architecture and Design, landscape architecture by Jack Merlo and craftsmanship by Melbourne’s most prolific luxury residential builder, Krongold Constructions.

The building’s facade is a beautiful interplay of materiality – concrete, travertine and steel, layered planting, vine-covered pergolas and cascading greenery provide a verdant veil for the building. Inside, the residences are the epitome of luxury living.

Bathed in natural light, the lobby is reminiscent of a luxury boutique hotel. Offering a concierge service (the first of its kind in Armadale), it can cover routine errands, restaurant or theatre bookings, or organising luxury car services.

“The fact there will be a concierge to greet guests at the door and bring your deliveries in, having somewhere to wash your dogs in a dedicated area – all that additional amenity you wouldn’t typically see in an apartment building with 20-odd apartments,” says Mark Spraggon, director at CHT Architects.

Chantelle Balliro, executive manager of Sora Interior Architecture and Design, says “the art of simplicity is one that has been mastered within the finely curated interiors of Society”.

“Defined by a sense of natural beauty, the finishes palette comprises texturally rich yet pared-back materials, including warm timber joinery, timber floors, elegant marble surfaces, aged brass tapware and wool carpets,” she says.

“The result is a refined yet neutral canvas that residents can colour effortlessly with their treasured pieces. Vast and generously proportioned, each home [has] expansive windows that allow abundant natural light.”

Each of the two and three-bedroom residences (plus exclusive penthouse) have been designed to

GABRIEL SAUNDERS

enrich daily life, and all with unique floor plans and state-of-the-art technology.

Features include a fireplace, Gaggenau kitchen appliances, a Liebherr fridge, an integrated bar with wine shelves, plentiful storage throughout and ASKO drying cupboards. Expansive floorto-ceiling windows and generous open-plan living areas connect to the outdoors.

“At Society Armadale, people looking for the low maintenance, convenience and security of apartment living will not give up a lush garden,” says Jack Merlo, head of Australia’s premier landscape architecture studio, Jack Merlo. “The open-plan living has a seamless transition to the outside, which is not just ornamental but a highly functioning usable space. The courtyards and terraces are generous in depth, allowing for a proper outdoor dining area extending from the indoor lounge.”

Canopy trees with evergreen screening and seasonal flowering create a private sanctuary, while select apartments, including the highly coveted penthouse, have expansive views of Armadale and the CBD.

SOCIETY ARMADALE 79-83 Wattletree Road, Armadale, VIC Architect: CHT Architects Developer: Bensons Property Group Prices: Two-bedroom from $1.8m; threebedroom from $2.7m; Penthouse $16m

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Agent: Marshall White

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Projects, Ross Hams

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0410 160 151

PR E ST IGE

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Invest in

m ore i n

fo d ay

S c an

or ef

to

m

Located in the geographical centre of Canberra, ACT

!

One-Beds Available now from

Two-Beds Available now from

$477,500

$636,500

ACT Rental Snapshot

Highest weekly unit median asking rent across the nation:

Woden has consistently low residential vacancy rates:

Lowest unemployment rate nationally:

$560/week

0.7%

3.2%

Developed and built by PR E ST IGE (*Data as at April/May 2022, SQM Research. ^Labour Marketing Information Portal (LMIP), Jan 2022. All information correct at time of print. Min EER 5.2 - All images are artist impressions)

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A DV ER T IS IN G F E AT UR E

APARTMENT LIFE

B y K ATE J O N E S

Residents of Woden Green will be spoilt by amenities such as pools and ponds.

IN PARTNERSHIP WITH

Canberra’s vertical village Woden Green will house 419 apartments across three towers with an emphasis on generous floor plans and landscaping.

L

ush and spacious landscaped areas will be among the defining features of a new apartment complex that is taking shape in the Canberra suburb of Woden.

Woden Green does justice to its name thanks to more than 3000 square metres of designed outdoor areas, which include a dog park and a playground.

Such open, green spaces are rare to find in apartment developments, says Mia Dragila, the ACT state development manager at builderdeveloper Hindmarsh.

“With over 3000 square metres of green open spaces, the level of landscaping is extraordinary for a multi-unit development,” she says.

“It was important for us to create a suburban neighbourhood in a vertical village, allowing downsizers, upsizers and everyone in between to benefit from the wellness associated with gardens and open spaces, without the capital outlay and maintenance associated with a standalone dwelling.”

The wellness benefits of being outdoors and even having a green view became hugely important to many during the dreary days of COVID restrictions.

The inclusion of extensive outdoor gardens came about as a response to pandemic living, Dragila explains.

“We have created spaces that allow flexibility of lifestyles and cater to a broad range of individuals and families,” she says. “Woden Green is unique in many ways, starting with its location on the quiet side of Woden, surrounded by green open spaces and uninterrupted views.

“This is unique and allows residents to remain within walking distance of Westfield while benefiting from suburban surrounds rather than sitting within a commercial precinct.”

The landscaping by RPS also includes reflection ponds, which are quiet places for residents to just sit and enjoy some meditative tranquillity.

Interior amenities include a 25-metre indoor lap pool, a residents’ lounge and kitchen, cinemas, a business lounge and a gym.

By the time construction on Woden Green is finished, it will house 419 apartments across a trio of towers.

The three buildings measure up at different heights: 11, 14 and 16 storeys.

Designed by DBI Architecture, apartments come with generously sized floor plans. Onebedroom apartments measure up at a maximum of 73 square metres, while three-bedroom penthouses come in at a maximum of 153 square metres.

These large interior spaces, plus the attention to outdoor design, will make Woden Green attractive to a wide range of buyers, from downsizers to upsizers, first-home buyers and everyone in between.

For many, the icing on the cake will be the development’s location, says Wayne Harriden, the director of project marketing at Independent Property Group.

“It’s within walking distance of the Woden town centre, which has cafes, restaurants and entertainment facilities,” he says. “It’s also very close to major employment hubs, including the

Canberra Hospital and government offices.

There’s also a new CIT campus under construction, creating about 520 jobs in the construction period alone and then obviously, there will be teaching and learning after that, so that’s a pretty big deal.

“And it’s got great access to major arterial roads in Canberra because it sits at the end of Adelaide Avenue, which is probably the best road in Canberra to get you into the city – or to get you anywhere, really.”

Savvy buyers will also notice that Woden Green is perfectly positioned in the centre of the capital city.

“Geographically speaking, it’s actually the centre of Canberra because of the spread of the city,” Harriden says.

Prices for apartments at Woden Green start at $450,000 for one-beds, $645,000 for two-beds, and $1.4 million for three-bedroom penthouses.

Buyers can choose from a selection of apartment layouts, including apartments with home offices.

WODEN GREEN Easty Street, Phillip, ACT Architect: DBI Architecture Developer: Hindmarsh Prices: Two-bedroom

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$645,000 to $825,000+

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Completion: December

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2024

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NAROOMA 'Bangalay' Wagonga Scenic Drive This exceptional waterfront property presents a unique opportunity for a lifestyle change, a home away from home, or business venture and is an opportunity not to be missed.

•6Ha (15 acres) on the pristine Wagonga inlet on the NSW Far South Coast •300 metres of absolute waterfront with boat ramp and direct ocean access •Contemporary 4 bedroom home, 30 metres from the water with wrap-around water views •Wide entry gallery leads to a generous kitchen-dining-living space with floor to ceiling windows •Separate self contained 2 bedroom cottage, exceptionally large shed/carport/workshop •Located 12 km (15 minutes by car or a 20-minute boat ride) from the popular Narooma township

4

6 Auction View

6pm, Monday 14th November

By Appointment David Medina 0419 772 233 James McCowan 0418 800 400 Grant Dale 0499 199 122

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.

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BELLINGEN 1090 Promised Land Road ´Aniseed´ comprises of a wonderfully appointed 5 bedroom, 2 bathroom contemporary homestead along with 2 sensational self-contained villas all set amongst mature established gardens on 13.34 Hectares (33 acres) of land. Set in a commanding and private position looking out over the Great Dividing Range, ´Aniseed´ is located 25 minutes from Coffs Harbour and 9 minutes to the gorgeous town of Bellingen.

•Beautifully appointed main home w/ skillion roof design plus 2 self-contained villas both w/ outdoor spas •Walk straight from the entertainer's veranda across manicured lawns to the north facing salt water pool •12kw solar system, mains power, 234,000 L of water storage, access to water from Never Never creek •Located just across the road are crystal clear swimming holes with resident platypus plus many picturesque surf beaches and quaint seaside towns within a short drive

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5 Auction View

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6.00pm, Monday 24th October By appointment David Medina 0419 772 233 James McCowan 0418 800 400 Grant Dale 0499 199 122

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.

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36 Coral Crescent | Pearl Beach 670m2 Vacant Absolute Beachfront Block Fully approved for 5 Bedroom dream home

This is a rare and unprecedented opportunity to build your dream home on one of the prime Coral Crescent, Pearl Beach absolute beachfront blocks.

Pearl Beach and particularly Coral Crescent are known as some of the finest quality of beachfront properties with the most beautiful views anywhere on the East Coast of NSW, and this spectacular property is arguably the ideal position.

Opportunity only knocks once...

Fully DA approved for immediate construction and already cleared, this truly is the opportunity of a life time to build your dream home, with no waiting required. Just purchase and commence construction immediately.

This sumptuously designed, carefully considered, architect-designed Hamptons style residence is created to maximise land, privacy, position, and views!

Auction: On site at 1pm Saturday 5th November if not sold prior View:

As advised or by appointment

Agent:

Stuart Gan 0456 786 586 stuart@coastrealty.com.au Mikayla Williams 0431 486 552 mikayla@coastrealty.com.au

Office:

4339 8074

View more properties www.coastrealty.com.au 34

PR E ST IGE

Solai is eight, grandly proportioned world-class residences elegantly poised between the river, the city and Kings Park.

Along with an exclusive address, Solai will deliver a level of amenity and luxury living rarely seen in Perth. Enquire now for a limited number of residences in this boutique development.

Peter Robertson 0427 958 929 PR E ST IGE

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30 Kooringal Court, Tallebudgera, Gold Coast QLD Nestled in a canopy of leafy serenity, “Kooringal Lodge” epitomises show-stopping modern alpine style. Recently completed and rising up from within a peaceful and secluded 1.4 acre allotment, it boasts 795m2 of perfection. Master built and architecturally designed, it beautifully blends sleek matte black accents with the warmth of timber and stone finishes across multiple levels. Enjoy the gourmet kitchen, an expansive alfresco entertaining terrace, oversized pool plus six bedrooms and four bathrooms spread across two luxe residences.

Tucked away at the end of an exclusive cul-de-sac, swap its bushland setting for the sand and sea, with pristine Palm Beach and Currumbin, approx. 13 minutes away by car. Local shops and Tallebudgera State School are approx. 2 minutes away, with Gold Coast Airport accessible in under 20 minutes.

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John Fischer & Shelley Watkins 0478 071 623 | 0474 141 551

prdburleighheads.com.au

3a

BRIGHTON 2/52 Black Street

3b

3v

ONLY ONE AVAILABLE, ENQUIRE NOW Offering peace and beauty in the heart of Brighton, FiftyTwo Black is a collaboration of world-renowned designers including Nicholas Day and Jack Merlo, with New York's Gregory Tuck and Meg Sharpe. With graciously house-like proportions, this unique collaboration has been designed with a private and elevated lifestyle in mind. RH branded furnished residences, the first in Australia. Only one available, enquire now to move in within 4 weeks.

EXPRESSIONS OF INTEREST VIEW Contact Kyle Spinks for details

Kyle Spinks 0418 555 333 Sam Inan 0433 076 999 Maria Hunt 0413 187 188

belleproperty.com/ PR E ST IGE

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Luxury Riverstone Nedlands Homes

3 bed 2 bath 2 car

21, 23 & 25 Jenkins Ave, Nedlands Western Australia - all with street frontage on their own green title land • European Appliances

• Spacious Floor plan

• Build commencing October

• Private North Facing Courtyard

• Light Filled Homes

• Only 3 remain, 2 already sold

• Provision for Lift

• Stylish Finishes throughout

• Well respected builder Riverstone

Contact Danielle Diffen on 0412 176 047 or danielle@edisonmcgrath.com.au for more information.

303 Stirling Highway Claremont WA 9286 3655 edisonmcgrath.com.au

Danielle Diffen 0412 176 047 danielle@edisonmcgrath.com.au

R O F

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27* HECTARES 68* ACRES

ELIZABETH FARM

FITZROY FALLS - SOUTHERN HIGHLANDS - NEW SOUTH WALES

• Dress Circle Location – In the highly-regarded Southern Highlands, 1.5* hours from Sydney CBD (142*km) and 20* minutes to Bowral (24*km).

• Flagship Homestead – Architecturally designed 10-bedroom, 6 bathroom residence, renovated and boasting contemporary open plan living with high quality finishes. Incorporates formal dining room, studio/library, sitting room, sunroom and various outdoor living areas.

• Gardens – Fastidiously maintained 30* acre Catherine Lewis designed gardens. Features sweeping lawns and championship tennis court with pavilion. Park-like grounds with wonderful mature English and native tree plantings.

• Land – 27* hectares (68* acres) of fertile, quality pasture, timber post and rail fenced land ideal for any boutique rural activities including cattle, sheep and horses.

• Outstanding Improvements – Modern fully-equipped 6 box stable with 12 day yards, flood lit dressage arena and hootenanny shed. Comfortable 2 bedroom managers cottage, machinery/ workshop and sundry shedding.

• Abundant Water – Boasting extensively developed water infrastructure, equipped with 2 ground bores, 530,000* litres of tank storage, 2 feature lakes and 1 dam.

• Rural Lifestyle – A wonderful rural lifestyle in the heart of the Southern Highlands with a private secluded setting and wonderful outlook at the gateway of Greater Sydney.

EXPRESSION OF INTEREST CLOSING THURSDAY 17 NOVEMBER 2022 AT 4PM

INGLISPROPERTY.COM.AU

LIAM GRIFFITHS M: 0427 474 900

*APPROX

SAM TRIGGS M: 0410 683 891

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