1 FEBRUARY / 2023
PRESTIGE THE BEST IN AUSTRALIAN PROPERTY
ETERNAL MUSE L ake side e s tate inspire s
A U S T R A L I A’ S M O S T A N T I C I PAT E D P R I VAT E R E S I D E N C E S A R E H E R E B R A N D N E W, F U L LY C O M P L E T E D A B S O L U T E B E A C H F R O N T R E S I D E N C E S A N D P E N T H O U S E S AT O N E O F T H E W O R L D ’ S G R E AT L U X U R Y A D D R E S S E S . TA K E I M M E D I AT E O W N E R S H I P A N D E N J OY L E G E N D A R Y FIRST CL A S S DINING, A MENITIES AND LIFEST YLE BY T H E L A N G H A M G O L D C O A S T. LIMITED RELEASE NOW SELLING
1300 552 456 J E W E L P R I VAT E R E S I D E N C E S . C O M . A U SALES GALLERY & DI S PL AY APARTMENTS OPEN 7 DAYS SALES GALLERY LOCATED STREET LEVEL, CNR WHARF & OLD BURLEIGH ROADS, SURFERS PAR ADISE, GOLD COAST 4217.
S C A N TO WATC H F I L M
B RO U G HT TO YO U BY
B y K ATE FARRE LLY
Brookfield Brisbane 36 Corniche Place $3.5 million+ J OSE PHIN E H U YN H
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Private sale Agent: Johnston Dixon Quality Property, Josephine Johnston-Rowell 0414 233 575 When I get lost in the cover of this edition I imagine it as an artist’s retreat,
Set on 1.32 hectares of established gardens with
where time stands still and I’m in the shoes of the lucky owner staring at a
a private lake and multiple al fresco patios, this
canvas on a vintage easel in the summer house on the lake’s edge. Sounds
unique home comes with a 17-metre pool and
like my kind of heaven – feeling endlessly inspired by the estate’s singing
captures views over Mount Coot-tha from the
wildlife and lush, green surroundings (1.32 hectares in Brisbane’s inner
first floor. The circular driveway makes a grand
Brookfield hills to be exact). These are my favourite types of properties that
statement, as do the formal and casual living
come onto the market: the ones that cast a spell and have you captivated
zones on the entry level, alongside a large home
envisaging what life could be like in palpable detail. There are plenty of
office and an expansive main bedroom suite.
these to explore in this issue, plus we go behind the scenes of Melbourne project Gloss House by Studio Doherty, visit one of Brisbane’s most desired suburbs, New Farm, and debunk the mouth-watering yields of 9 per cent seen across Australia’s mining towns.
O U R COVE R 36 Corniche Place, Brookfield Listed by Johnston Dixon Quality Property PAG E 4
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
ANSON SMART
DESIGN DIGEST Bringing the outdoors in
YELLOWTRACE Playful pops of colour
LIVING IN Blooming in Brisbane
THE PROPERTY INVESTOR Yields too good to be true?
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Maroubra Sydney 14 Wilson Street $6 million
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Auction: 3pm, February 18 Agent: PPD Real Estate, David Tyrrell 0422 491 435 It’s a short stroll down to the beach and Mahon Pool from this striking Tim Wright-designed home, which comes with double-height living spaces, a marble kitchen and views over Lurline Bay and Wedding Cake Island.
Mitcham
Red Hill
Adelaide 41 Albert Street
Mornington 55 Beaulieu Road
$2.95 million-$3.245 million
$8.75 million-$9.6 million
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Private sale
Expressions of interest: Close February 21
Agent: Klemich Real Estate, Matt Smith 0407 770 725
Agent: RT Edgar Flinders,
Claim a slice of local history at this beautifully restored and converted 1850s
Madeline Kennedy 0411 873 913
residence, which has had multiple lives as a pub, a lolly shop and a betting
Enjoy the best of peninsula life at this elegant
store. It’s now a handsome family home with multiple living zones, a modern
estate on 5.27 hectares with Andrew Stark-
island kitchen, a heated pool and a guest studio. Top schools are close by.
designed gardens, a creek and converted stables.
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THE HEIGHT OF REFINEMENT An exclusive one-of-a-kind penthouse by Willing Property in collaboration with internationally celebrated interior designer, Thomas Hamel. Known for his exceptional work in locations like London, Paris, New York & Los Angeles, Thomas brings his elegant & timeless style to No 7. Field Street in a Perth first. Here, set atop a boutique building with luxury hotel-level amenity, refined living reaches its absolute peak. COMPLETION IN 2023
Luxuriously defined by four bedrooms, three bathrooms and four car bays.
EXPRESSIONS OF INTEREST FROM $ 4 MILLION S A R A H B E A L E 0 4 0 7 9 3 9 9 31 D I S P L AY S U I T E B Y P R I VAT E A P P O I N T M E N T 1/ 8 0 WA L C O T T S T R E E T M T. L A W L E Y, P E R T H
DESIGN DIGEST
Neutral expression Inspired by nature, soft, earthy colours speak of quiet and calm and give the home a sense of sophistication. C o m p i l e d b y PAU LIN E M O RRIS SE Y TAKE A SEAT Designed in 1926, the Stuttgart Chair by Richard Herre has a curved backrest that embodies traditional craftsmanship. It is available in waxed European oak and walnut and in a range of upholstery options. livingedge.com.au
SET THE TABLE Bring some life to the table with the Enes Tablecloth in Moss by Saarde, a verdant addition to any dining experience. Its lush, green hue brings the outdoors in, crafted from high-quality fabric that is durable and tactile. saarde.com
FINE FABRIC
GATHER AROUND A new addition to Anaca Studio’s ever-expanding range, the Pier Dining Table is
Expanding its popular
inspired by the structures that connect the solid ground to the sea. Crafted from solid American oak,
wallpaper range,
the table calls for cherished meal times with family and friends. anacastudio.com.au
These Walls now offers a choice of gorgeous fabrics, including 29 designs printed on exquisite Libeco 100 per cent linen. They bring a touch of elegance, whether used for window curtains, light upholstery or soft furnishings. thesewalls.com.au
MARTINA GEMMOLA
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COURTESY OF JONES
“Our challenge was to create a dynamic home that referenced, rather than imitated, touchstones of mid-century design.”
YELLOWTRACE
b y DANA TO MIC H U G H E S
An ode to materiality
I
t can be tricky to pinpoint the era to which this home belongs. A visitor must know it’s a new build to avoid assuming they are looking at a fancy ’50s home renovation. The modest-in-scale, but high-on-personality two-bedroom Melbourne house was designed by Enth Degree Architects with interiors by Studio Doherty. “Our challenge was to create a dynamic home that referenced, rather than imitated, touchstones of mid-century design,” explains Studio Doherty principal Mardi Doherty. “We wanted to draw on our clients’ love for mid-century architecture while weaving elements from other design eras. We took inspiration from the ’30s to the ’80s, and interpreted them through a 21st-century lens.”
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The client brief was really exciting for the studio, says Studio Doherty associate Phoebe Lipscombe. “Michael, Lidija and their daughter Jesse emphasised their love of design, colour and kook – this ended up being the running thread throughout the project,” she says. Another critical aspect of the brief was to create a home that catered to the clients’ generosity. “Michael and Lidija have a large extended family, so a big emphasis was placed on having multiple opportunities to entertain,” Doherty says. “The outdoor barbecue is in the centre of the house, which speaks volumes.” From the outset, the design focused on intricate and unexpected detailing. Materiality
was also at the forefront of everyone’s minds. Unsurprisingly, the clients, who are the owners of the terrazzo stone company Fibonacci, were keen to use terrazzo, but on the condition that it wasn’t the hero material. “Jesse summed it up perfectly in one of our early briefings when she said, ‘It can’t look like Mr and Mrs Fibonacci’s home’,” Doherty says. “Instead, they were excited by the prospect of a diverse range of finishes and gave us the freedom to apply these materials in unconventional ways.” A custom steel spiral staircase in an ultraglossy electric blue greets visitors upon entry. This pop of colour is just one of many dynamic inserts that pierce through a neutral base of white stucco, soft grey terrazzo floors and the warm timber seen in ceiling and wall cladding. The sweeping raked ceiling over the kitchen, dining and living spaces drops intentionally low towards the back to embrace the human
ANSON SMART / STYLING BY SARAH WESTON
scale – one of the core principles defining modernist architecture. Studio Doherty wrapped the entire length of the back wall in the DTILE system. Its curved profile allowed the freedom to achieve complex sculptural forms while creating a glistening surface that reflected the afternoon light. The main bedroom and en suite appear as a relaxing retreat that provides all the creature comforts of a boutique hotel. Among other hero materials in this project is the mint-green mosaic tile on the main en suite’s walls, floors, bath hob and vanity. Downstairs, the idea of kook is taken to the next level. Intricate joinery envelops one end of the space while a complex system of scalloped timber, mirrored laminate, steel rods and shelves form the study zone. Opposite sits an epic 13-metre-long conversation pit clad in orange carpet with matching orange sofas. This room, complete
with an arresting portal window to the outdoor pool, is playfulness in peak form. Through their close involvement with the industry, the clients have an intimate grasp of the building process, and an understanding that obstacles inevitably pop up during any build. By encouraging an open and steady flow of communication, they paved the way for a project that’s an example of true collaboration in which the client, designer, architect and builder are not only invested in the outcome but the entire process. “We’re so proud of this project – the design outcome and the impact the new home has had on our clients’ lives,” Doherty says. “However, we’re proudest of the friendship we’ve built with Lidija, Michael and Jesse by working together for three years. For us, this is the most valued part.” yellowtrace.com.au
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1730 Currumbin Creek Rd, Currumbin Valley, Gold Coast QLD Secure your own private estate in paradise just 20 minutes from famous Gold Coast Beaches This large manicured private estate boasts its own botanical Garden with a fully restored original Homestead together with secondary house plus bungalow on seven titles. The main residence has been tastefully restored with a modern kitchen (granite Benchtops) Tasmanian Maple cabinetry, marble bathroom and three bedrooms plus In-Ground pool. With large covered outdoor entertainment areas together with surround sound system providing a wonderful opportunity for intimate get-togethers. The botanical Gardens are extensive with many hundreds of imported rare and endangered species plus a substantial natural subtropical rainforest, the property also boasts a private also boasts a private waterfall with its own entertaining area. 10
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78.70ha
Offers Over $10,000,000 John Fischer & Shelley Watkins 0478 071 623 | 0474 141 551
prdburleighheads.com.au
LIVING IN
27.4672° S, 153.0462° E
NEW FARM SAM LINDSAY
It’s so close to the city, yet New Farm is a scenic suburb with a thriving lifestyle and friendly community. B y PAU LIN E M O RRIS SE Y When you live among the natural splendour of
YOU MAY LIKE ...
New Farm
New Farm’s property market is considered
New Farm, a suburb bounded by the Brisbane
among the most desirable and strongest in
Brisbane 84 Heal Street
River on three sides and home to the grand New
Brisbane, with a median house price of
$4.5 million
Farm Park, riverside strolls and picturesque
$2.42 million, according to the Domain House
picnics typically become the norm.
Price Report for the December quarter.
Jacaranda trees blossom here in late October, turning the park into a sea of purple, while a
buyers than there is supply, New Farm’s market
walking and cycling path, which leads directly
continues to hold value and outperform most
into the CBD, is at your disposal.
Brisbane suburbs,” Woolard says.
These enjoyments alone explain why even the
conveniences of an inner-city suburb while
thriving community also adds to its appeal, while
maintaining an endearing village vibe.”
plus the flurry of activities held at the Brisbane
Quintessential Queensland
Powerhouse, all grant the suburb more
Other than merely visiting the suburb for the river
cosmopolitan charm.
and park, what brought Brisbane native Emma
The best of Brisbane As a long-term resident of nearly 20 years, Aaron
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“It’s got this perfect recipe of having all the
pickiest home buyers call New Farm home. Its trendy eateries, boutiques and high-end stores,
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“Because there’s always greater demand from
Golder to New Farm permanently was a historic Expressions of interest
home that came to market.
Agent: Place Estate Agents New Farm,
“It’s certainly a very social suburb that fosters
Woolard of Place Estate Agents New Farm says
an ever-present camaraderie, where the people
Heath Williams 0403 976 115
he can’t think of anywhere else he would want to
are friendly and the dogs are many,” she says.
Blending Queenslander-style elegance with
live and work. “The area is a melting pot of different people,
Golder describes the suburb – one of Brisbane’s
Mediterranean-inspired design, this luxury home
oldest – as having large streets lined with lush,
is like a five-star resort. It has a magnificent
where long-term residents, families, young
mature trees, inviting you to embrace the
character-filled facade, and a separate dwelling.
professionals and retirees come together to
quintessential outdoors Queensland lifestyle.
create a vibrant and inclusive neighbourhood,” Woolard says.
“I chose to live in Queensland for its ease, weather and laid-back attitude,” she says.
In spring, the jacaranda trees blossom in New
“The suburb’s scenic surroundings and leisurely
“New Farm is wonderful since I can walk to
Farm Park, turning it
Hover your camera over the
pursuits make it the perfect place to simply enjoy
everything I need – I just have to incorporate
into a sea of stunning
code to see Domain listings
the good life.”
bumping into people we know into the ETA.”
purple flowers.
in New Farm
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THE PROPERTY INVESTOR
GETTY IMAGES
Be wary of the lure of mining towns Experts warn that the vagaries of the resource market and geopolitical events could turn your cash cow into a dead duck. B y SU E WILLIAMS
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The fortunes of the Queensland iron town of Newman are being bolstered by surging ore prices but may be pulled back by China’s COVID struggles.
hey look like heaven-sent investment opportunities – locations with properties boasting median gross rental yields of up to 9.66 per cent. But is all that glitters truly gold? Sometimes it is a case of buyer beware. Take the small Queensland town of Wandoan, 400 kilometres north-west of Brisbane. It now has Australia’s highest median gross yield at 9.66 per cent, as revealed by the Domain Rent Report for the December 2022 quarter. With the median weekly rent at $300, up 20 per cent over the year, and properties advertised for sale like a four-bedroom family house at $160,000, it would look an excellent prospect. “But it’s in the middle of nowhere and mightn’t look that good for too much longer,” says Elders Real Estate Miles’ property manager Tayla Daley. “We’ve had a lot of people come here and rent recently because of all the solar and wind farms being set up out that way. Now, however, they’re starting to wrap up.” Other towns offering similar bumper yields might also depend on circumstances over which
individual investors have little control. The second biggest yield is from homes in the West Australian mining town of Newman, in the sunbaked Pilbara, by BHP’s Mount Whaleback, the biggest open-pit iron ore mine in the world. They’ve had yields of 9.21 per cent on rents of $618 a week, up 12.3 per cent over the past
“Our focus is on the long-term drivers of supply and demand.” 12 months. But while iron ore prices soared by 22 per cent at the end of 2022, rental demand and then yields could well drop as our biggest customer, China, struggles with COVID. Similarly, the small nickel mining town of Kambalda West, 60 kilometres from Kalgoorlie, with a 9.1 per cent yield and rents that have
gone up 29.6 per cent over the past year, and coal mining’s Moura in Queensland, with an 8.9 per cent yield, are both places that could boom or bust according to the price of resources and unknowns like the outcome of the Ukraine war. “The highest yields don’t necessarily indicate the best investment properties, especially if they’re in mining towns,” says Matt Lewison, chief executive of property investment experts OpenCorp. “Our focus is on the long-term drivers of supply and demand, and the problem with mining areas is that often they need a lot fewer workers to maintain mines than to build them, so you end up with mass property vacancies. “Also, every investor’s circumstances are different. Some on lower incomes might need higher yields to pay the mortgage, especially with higher rates of interest. Others on higher incomes might be looking for better tax deductions and higher capital growth.” National buyers’ agents The Investors Agency director Darren Venter says at a time when many expect interest rates to fall by September or October 2023, cash flow is less important. “That’s when more investors will come back and there’ll be a lot more traction in the market,” he says. “Areas that [now] look less successful in terms of yield will then be driven up by buyer demand, which will increase value. “Single economic interest towns and metropoles can go up when their industry does, and down again just as quickly. Multi-economy areas can be [much better] for investors.”
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MOUNT KEMBLA 104 William James Drive
3b
1g
4c
PRIVATE SANCTUARY JUST 15 MINS FROM WOLLONGONG CBD • Palatial split-level entertainer on a scenic 2567sqm nature block
FOR SALE $4,495,000
• Three living areas plus study, Miele chef’s kitchen, luxe master suite
VIEW Sat 4 Feb 10.00am - 10.30am
• Handsome north-facing patio and deck with views to escarpment
xx 4228 0888 Darren Kay 0411 187 768 Nicole Kay 0411 669 920
• Multi-purpose rumpus, ducted air, four car lock up garaging • Prime cul-de-sac lifestyle, just an 80 minute drive south of Sydney
belleproperty.com/104P11359
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