Domain Prestige - November 30, 2022

30 NOVEMBER / 2022

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

THE NEW CLASSIC Re s tored brutalis t beauty

B y K ATE FARRE LLY

Teneriffe Brisbane 36 Teneriffe Drive $7 million+ J OSE PHIN E H U YN H

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Expressions of interest: Close December 6 Agent: Place Estate Agents New Farm, Heath Williams 0403 976 115 A recent trip to Brisbane has sparked in me a renewed appreciation for

Originally designed by Rodney Chambers, this

residential precincts. Boutique shopping, fine dining and the city’s best-

modernist home has been brilliantly refreshed by

dressed brunch crowd all collide on James Street, where I hosted a lunch

Shaun Lockyer Architects with landscaping by

with some of our key clients. “It’s a hive of activity,” said one agent, and I

Steven Clegg Design. Claiming district views from

couldn’t agree more. The leafy suburban street with its modernist concrete

its hilltop position, the property comes with

facades coiled in crawling greenery had me seriously considering a future

multiple living spaces and a sparkling pool.

move to the Sunshine State, and my mind was made up the moment I found our cover home in the neighbouring suburb of Teneriffe. Chambers House is heritage listed for its use of concrete and blockwork that’s today softened by a beautiful patina of curated landscaping, much like that of James Street.

It celebrates the perfect balance between light and dark, heavy and soft, and is quite possibly my favourite cover of the year.

O U R COVE R 36 Teneriffe Drive, Teneriffe Listed by Place Estate Agents New Farm PAG E 2

Editor: Josephine Huynh josephine.huynh@ domain.com.au Editorial producer: Hailey Coules 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 Eoin Brawn 0439 907 096 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

TOM FERGUSON

DESIGN DIGEST Festive-season finds

YELLOWTRACE Homage to a home’s history

LIVING IN Checking into island life

THE PROPERTY INVESTOR 2022 in the rear-view mirror

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Toorak Melbourne 11 Ottawa Road $10.5 million

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Auction: 12.30pm, December 15 Agent: Marshall White Stonnington, Susan McGlashan 0417 554 224 Majestic oak and elm trees shade the manicured gardens of this 1930s English-style home, which comes with a pool and two street frontages.

There are four separate living spaces including a north-facing sitting room with vaulted ceilings and a gas fireplace. The turret houses a library.

Peppermint Grove

Wareemba

Perth 39a 39 Irvine Street

Sydney 33 Wymston Parade

$5.9 million

$5 million

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Expressions of interest: Close December 7

Auction: December 10

Agent: Ray White Cottesloe Mosman Park, Jody Fewster 0414 688 988

Agent: Horwood Nolan, Ben Horwood 0415 358 882

Flooded with natural light and wrapped in tropical gardens evoking a

A collaboration between designers Anthony Maiolo

holiday-like ambience, this Tim Wright-designed home heroes stone feature

and Kana Hioki, this ultra-stylish residence with a

walls, polished concrete floors and timber-lined ceilings. You’ll also find a

home theatre and smart technology sits opposite

Miele kitchen, bespoke cherrywood joinery and a surround-sound system.

Hen and Chicken Bay.

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DESIGN DIGEST

Holiday gift guide Inspired by summer living and entertaining, this round-up of pressies is bound to make gift-giving all the sweeter. C o m p i l e d b y PAU LIN E M O RRIS SE Y PICNIC ENTHUSIAST Designed with a new generation of picnickers in mind is Peek Neek’s conscious but cool Thicky Rug. Created from 100 per cent recycled plastic bottles and with a checked motif, it’s available in various nostalgic colourways like olive and brie or pink frosting and lime. peekneek.com

COLOUR LOVER Dinosaur Designs’ latest collection, PLAY, is a celebration of colour, intended to fill the home with joy. From the nifty Pod Dish to the vivid Pearl Stack Vase, any one object from this range is bound to delight. dinosaurdesigns.com.au

HAPPY HOST

DESIGN NERD Spoil that design lover in your life with Arent&Pyke’s first book, Interiors Beyond the

Maison Balzac’s ever-

Primary Palette. It showcases many of the renowned studio’s best projects, highlighting its design

evolving range is

ethos expressed through colour and character. Available as a limited edition. shop.arentpyke.com

always a hit with keen hosts and brings a soiree to life. It offers a line-up of party glasses – including wine glasses adorned with pompoms – and playful dinner and cocktail napkins with an intriguing hand motif. maisonbalzac.com

PETER VAN ALPHEN / STYLING LARA HUTTON

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COURTESY OF JONES

“We put in a lot of effort choosing things that would harmonise with the grand old house, but speak to a contemporary aesthetic.”

TOM FERGUSON / EDITORIAL STYLING: CLAIRE DELMAR

YELLOWTRACE

b y DANA TO MIC H U G H E S

A blend of history and modernity

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fter spending some years cutting his teeth on high-profile projects at architectural practices in Sydney and London, Luke Moloney was presented with an opportunity that was too good to refuse.

“I’ve known one of the owners since university days,” says Moloney, who was in conversation with a couple about a little holiday beach shack some years ago, then later about a renovation of an old house in a state of some ruination — neither of which eventuated into a project.

“Later still, they got in touch to say they’d bought a much older house, much further away, in a much greater state of disrepair; they were leaving the city to live there full time”, and asked him to recommend an architect to help them bring it back to life. “I quit my job, started my own practice, and that was that.”

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The project in question is The Estate, set in far-off rural NSW. Built in the 1880s for a prominent pastoral family, the house was once the centre of a vast working farm.

There are attendant outbuildings, stables, kitchen gardens and a general store that served the area during early European settlement.

After more than a century in the hands of the family who built it, the property needed a substantial amount of work. “Time had not been kind to the buildings,” Moloney says.

The project was divided into five tranches of restoration – the main block of the homestead, the old service wing, the old general store, planting a new garden and, finally, the homestead’s bedroom wing.

“The idea was that architectural work to the house would be sympathetic to the Victorian

original – if we edited the floor plan, enlarged openings or moved windows, you’d not be able to tell – but fittings and joinery would be crisp and modern,” Moloney says of the approach that’s become a signature in his work.

“We put in a lot of effort choosing things that would harmonise with the grand old house, but speak to a contemporary aesthetic more reflective of the young family living there.”

In the main homestead, the most important work was the most prosaic – a new roof, new insulation, thermally rated glazing and a mammoth upgrade to the building services.

Rainwater recycling, geothermal heating and photovoltaic systems were introduced to power the house and run it off-grid.

Behind the main house, the old service wing was in a state of advanced dereliction, with the

interiors too far gone to save. The rotting internal structures were removed, the external walls were braced and a new double-height library space was created. An arresting steel spiral staircase was craned in to link the two levels and lend sculptural interest.

Furnishing the library and the dining room was undertaken with the help of Arent&Pyke.

“There are Thonet Corbusier chairs in the dining room, the big Arflex sofa in the library and the lovely rugs from Loom and Armadillo & Co,” Moloney says. “The big dining room table is the result of the accidental felling of a beautiful cedar tree during construction. The joiner on the project was amazing and built the table using some of the timber.”

Other key fittings include the big Patricia Urquiola bath upstairs, tapware by Vola in the

kitchen and Astra Walker elsewhere, and lighting by Artek, Louis Poulsen, Michael Anastassiades, Lasvit and The Society Inc. With an effortless blend of history and modernity, the apparent lightness of touch disguises the substantial overhaul of The Estate.

It’s a sign of architectural sensitivity and genuine mastery at play.

Moloney also attributes this success to the team, saying, “The builders and artisans on this project are up there with the best I’ve worked with. I’m proudest that the sense of graciousness, age and history – so redolent in the house before we started – is still there.

“There’s not a corner … that we didn’t touch, but it feels refreshed rather than renovated.” yellowtrace.com.au

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7 Bareena Avenue, North Avoca NSW 2260

Bed

Bath

Car

Architect

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ASJP Architecture

Experience the ultimate beachside address in pure luxury from this exquisite award-winning architectural masterpiece.

Capturing ocean and headland views while being just 50m to the sand and surf of both North Avoca and Avoca beaches, this blue-ribbon position offers an unparalleled lifestyle from a truly incredible property. An impressive streetscape reveals a beautifully crafted split-level design, with striking timber details, unique angles and sleek curves – all nestled amongst established gardens in perfect harmony with its Coastal surrounds.

AGENT

ADRIENN STENNER 0414 729 453 www.prestigeproperties.com.au

LIVING IN

20.3519° S, 148.9573° E

HAMILTON ISLAND REUBEN NUTT

Lifestyle investors are drawn to Hamilton Island for its enviable lifestyle, top beaches and direct air access. B y PAU LIN E M O RRIS SE Y Famed for its exquisite white beaches, a

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Hamilton Island

With commuting residents and constant

kaleidoscope of coral and marine life, and

tourists coming and going, Hamilton Island

perpetual warm weather, Hamilton Island is the

profits from being the only island in the Great

Whitsunday Islands 10 Melaleuca Drive

jewel in the Whitsunday region’s crown.

Barrier Reef area with its own commercial

$5.5 million

It’s geographically gifted, not least for having the Great Barrier Reef at its doorstep.

With a population of about 1300 people, it’s one

airport, affording direct access from the likes of

other destinations, once you fly in, there’s little to

remarkable beauty found both above and

no more travel required,” Kearney says. “It’s

beneath the water.

simply a matter of collecting your bags and, 10

rather than cars – or, better yet, by boat – likely identifying as ocean lovers, island hoppers and marine enthusiasts, to name but a few.

Switch to island time

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“This really sets Hamilton Island apart, as, unlike

of the country’s largest resort islands, with

Residents here go from A to B in golf buggies

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Sydney, Melbourne, Brisbane and Cairns.

minutes later, you’re relaxing in your property.

“This allows people to switch to island time immediately.”

Sail the days away Also championing and cherishing that blissful

Given the island’s holiday persona, says Liam

island life is Jessica Godsall, who moved to

Kearney of Hamilton Island Real Estate, it’s only

Hamilton Island in 2007 to complete a nine-

Expressions of interest

fitting that the most significant demographic in

month practical for her university degree,

Agent: Hamilton Island Real Estate,

the area would be lifestyle investors.

majoring in tourism and hospitality.

Liam Kearney 0458 178 601

He notes how these buyers take advantage of a tried and tested mix of personal use and holiday letting, allowing for a positive income base when not staying at their island getaway themselves.

Now on her fourth residency, she has been back

Set on 0.4 hectares of land with direct access to

for two-and-a-half years.

a private beach, this remarkable residence was

“I have travelled [to] over 70 countries and

created by Chris Beckingham, the architect

worked in some of the most beautiful tourism

behind the world-renowned luxury resort Qualia.

“Buyers appreciate the slower pace of life that

destinations in the world, from Banff in Canada

Hamilton Island promotes,” Kearney says. “They

to superyachts throughout the Caribbean, yet I

enjoy partaking in the endless activities on both

can still say that Hamilton Island and the

Hamilton Island, loved

land and sea, whether it’s … sailing or snorkelling,

Whitsundays hold my heart,” Godsall says.

for its pristine beauty,

Hover your camera over the

is the crown jewel of

code to see Domain listings

the Whitsunday region.

in Hamilton Island

enjoying our international golf course, or having a scenic meal or drink at sundown.”

“Living in this tropical paradise is the ultimate lifestyle goal.”

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KILLCARE HEIGHTS 21 The Scenic Road

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‘OSKARS’ - PANORAMIC VIEWS AND UNRIVALLED LUXURY Only 80 minutes drive from Sydney and minutes to the Central Coast’s best beaches, ‘Oskars’ is an estate of unrivalled beauty and position. Featured in numerous design publications, it boasts 180° vistas across Brisbane Water to the Pacific ocean with elegant interiors opening out to majestic gardens, sun-soaked terraces and an award winning 11.7m infinity pool and spa. A spectacular estate that must be seen to be fully appreciated.

belleproperty.com/222P394007

FOR SALE Expressions of interest CLOSING Closing December 12th at 5:00pm VIEW By appointment

Cathy Baker 0414 241 005

THE PROPERTY INVESTOR

VAIDA SAVICKAITE

The year that was for investors It’s been a time of great uncertainty, but some property experts believe 2022 will be looked back on as a missed opportunity.

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In 2022, the investor share of the market declined as interest rates continued to rise and borrowing restrictions increased.

hile some investors went on residential investment splurges this year – look no further than one of Australia’s richest men, Atlassian co-founder Mike Cannon-Brookes and his wife Annie, who bought a swath of luxury properties – many others sat tight.

They started 2022 well, with the investor share of the market rising from record lows of about 23 per cent in early 2021 to nearly a third, according to Australian Bureau of Statistics data. However, numbers later fell off as interest rates continued to rise, borrowing restrictions increased and investors sold.

“But it was still better this year than in 2021, when investors were having to deal with high property prices and competition from emotional home-buyers,” says Property Investment Professionals of Australia chair Nicola McDougall.

“This year clearly saw a market moderation across the nation, so lower price points and lower home-buying activity were favourable to investors. But many have sold out of their

properties over the last two years to realise price gains,” she adds.

“We’re now seeing a shortage of rental properties and rising rents.”

With the prospect of even higher interest rates curbing the number of competing owner-

“This year clearly saw a market moderation across the nation.” occupier buyers, cashed-up investors should do well next year with those high rents, record-low vacancy rates and recovering yields as prices continue to soften.

Capital-city unit prices are down 3.9 per cent from their peak in December 2021, according to Domain figures.

“Investors should be researching those areas, whether in capital cities or regions, that have good market fundamentals for the best outcomes,” McDougall says.

Metropole Property Strategists chief executive Michael Yardney sees the squeeze on household incomes and higher interest rates pointing to property markets becoming much more fragmented. As a result, capital growth will be dependent on local factors including demographics, gentrification, neighbourhood quality and local wage growth.

“I believe demographics – such as population growth, family formation, how we want to live and where we want to live – as well as the wealth of the nation will be the main long-term drivers of our property markets,” Yardney says.

“They will be much more important than the short-term fluctuations created by interest-rate rises, inflation or government intervention.

“When looking back on the last few months of 2022, many investors will see this as a missed window of opportunity because consumer confidence is low and many prospective homebuyers and investors are sitting on the sidelines.

“However, I believe early next year many prospective buyers will realise that interest rates are near their peak, and inflation will have peaked and be under control.

“And … pent-up demand will be released as greed [the fear of missing out] overtakes fear [the fear of buying early], as it always does, and the property cycle will move on.”

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‘The Lighthouse’: A True Beacon of Waterfront Living

18 Knightsbridge Parade East, Sovereign Islands Scan for Listing

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Expressions of Interest Closing on Thursday 8 December at 5:30pm 4 20.2m*

Contact for a Private Viewing Stuart Rooke 0402 747 939 Michael Kollosche 04111 888 15

5 + 4pdr 1,394m2*^

12 702m2*

Facing directly north to water this exceptionally designed, bespoke four-level residence will make you feel like you’ve checked into a boutique waterfront hotel. This multiple Master Builders award-winning statement family home seamlessly fuses nautical and Hamptons undertones.

Unique in design and superbly crafted, the open-plan living areas are complemented by curved walls and bulkheads, ensuring grandeur whilst maintaining a sense of intimacy. The top floor is dedicated to entertaining space that can service 100 guests, complete with covered kitchen, bar, teppanyaki and BBQ area taking in views to Surfers Paradise. Step out to a glass-edged 10m* rooftop pool offering panoramic views to the Broadwater complemented by a full bathroom. Park twelve luxury cars with ease and have room for storage and water toys in an expansive pillarless basement. *approximate ^under roofline

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PICKETTS VALLEY

'THE PINNACLE' - PICKETTS VALLEY Concealed along a private drive and opening to the north-east, this purposefully designed 2.5 acre property possesses a highly considered interior and a seemingly endless list of entertainer’s qualities that provide a timeless conjunction of family functionality and natural connection in this truly spectacular home.

Located atop of Picketts Valley, the fusing of coastal elements combine with orchard lined surrounds which invites a feeling of utmost contentment .This elegant home is only 5 minutes to beaches, cafes, restaurants and schools.

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FOR SALE Expressions of Interest INSPECTION TIMES

By Appointment TIM ANDREWS 0412 663 065 tim.andrews@ljhooker.com.au DOUGAL MILLER-SNEDDON 0474 147 531 dougal.millersneddon@ljhooker.com.au LJ Hooker Terrigal PR E ST IGE

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Ultimate Beachfront Location, Architectural Residence, Idyllic Lifestyle House 6/27 Ross Crescent, Sunshine Beach QLD Set on the absolute beachfront in Sunshine Beach. “Aeolus” is as rare as it is breathtaking, with soaring high ceilings, an open plan flow and distinctive architectural perspectives that capture light and ocean breezes the moment you open the front door. Plus, unlike many beachfront properties, it’s very private, secure and naturally protected from the elements. It also comes complete with its own private pathway from your back deck direct to the ocean. The perfect family home or beachfront getaway, it has multiple indoor and outdoor living zones ideal for entertaining, but with enough private areas to take some time out and relax.

With fantastic separation between the bedrooms, there is ample room for guests and loved ones to enjoy extended holidays together and create lifelong memories.

The master suite captures tree top and Coral Sea views, with dual walk-in robes,

Expressions of Interest Closing 14th December 2022 Inspection by appointment 16

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Rory Williamson 0429 345 300 rory@williamsonand.co

4 BED | 4 BATH | 2 CAR large ensuite bathroom. There are two full size home offices, one centrally located, the other with its own private balcony facing the ocean. The home also features a private tropical north facing pool area, and an outdoor bathroom.

The house is one of ten properties, within the boutique and gated “Beach Houses” estate. It has a real grass tennis court and immaculately kept grounds. You can walk to Sunshine Beach Village in under 5 minutes, or drive to Noosa Main Beach in under 10 minutes.

The ever-popular Noosa Junction is a 5-minute drive away. This impressive and unique prime beachfront property is one of only a finite amount of absolute beachfront, architectural properties, in the prestigious locale of Sunshine Beach.

Amanda Williams 0419 674 111 amanda@williamsonand.co

williamsonand.co

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Adelaide Hills

Mylor, 103 Feder Road Transformational, Inspirational, Off Grid, Brilliant…

These are the words that will spring to mind as you sweep up the driveway to this incredible master built North facing home, you get the impression that big things await. And they do! Where else in the world can you hear the flow of the waterfall, songs of the birds and watch the roo’s nurse their joey’s on your expansive lawns in the heart of the Hills?

When you come home, you're free. Free to do as you choose without a care in the world. Swim in the lagoon, savor a wine off the deck, or pick produce from your home grown patch.

Invite guests to the quaint self contained stone cottage, or take it even further and offer bush glamping in one of the private corners of this 20 acre holding.

Shorland Estates Pty Ltd RLA 158908

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8.5 Expressions of Interest Price Guide: $3.3m View Contact us to view this weekend. adelaidehills.harcourts.com.au

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Trent Shorland 0413 519 954 trent.shorland@shorlandre.com.au Kim Shorland 0412 523 723 kim.shorland@shorlandre.com.au

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