Domain Prestige - March 22, 2023

22 MARCH / 2023

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

THIS IS LIVING Make your dreams a reality

L I V E F L AW L E S S 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

Sandy Bay Hobart 720 Sandy Bay Road $3.5 million+ J OSE PHIN E H U YN H

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Expressions of interest Agent: Peterswald for Property, Kim Morgan 0408 297 440 Never underestimate the power of a view. I recently inspected an

This inspired design from Three C Architects

apartment on Wolseley Road, Point Piper. Its street has long been

showcases concrete, passive solar credentials

considered Sydney’s most expensive, and with 67 houses, according to

and river views across two decadent levels.

Domain data, it’s easy to see why it fetches such high prices. But it wasn’t

Features include a floating concrete-and-steel

the street’s star power that left a lasting impression. The second that front

staircase, an internal lift, Tasmanian blackwood

door opened, the harbour’s seascape had me under its spell and I saw

ceilings, Thibaut wallpaper, indoor and outdoor

nothing else. I was reminded of this moment by our captivating Tassie cover

fireplaces and a Spanish stone kitchen with

property, with a balcony view that rivals one of a cruise ship drifting in the

Gaggenau and Liebherr appliances.

Pacific, and again by The Butterfly House in this week’s international listing in California, where the agent says, “[buyers] just gravitate immediately toward the end of that hallway, which is the ocean”. That’s exactly where I stood in the Wolseley apartment, happily watching the world go by.

O U R COVE R 720 Sandy Bay Road, Sandy Bay Listed by Peterswald for 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 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, Western Australia, South Australia, Northern Territory & Tasmania Ray van Veenendaal 0438 279 870 New development sales: Ivan Curic 0413 498 156

Digital edition Visit domain.com.au/ digitaledition

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HOT PROPERTY

DESIGN DIGEST Embrace geometric shapes

AROUND THE WORLD California, here we come

LIVING IN Where the grass is greener

THE PROPERTY INVESTOR Minimise capital gains tax

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Mosman Sydney 43 Prince Albert Street $13 million

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Expressions of interest Agent: Belle Property Mosman, David Benjafield 0422 560 652 With interiors by Harper Lane Design and landscaping by Formed Gardens, this beautifully presented Federation home offers a family-friendly floor plan. There’s a choice of living spaces, an upper-level parents’ retreat, a pool and a self-contained studio. Plus, it’s a walk away from Balmoral Beach.

Castaways Beach

Toorak

Noosa Shire 46 Driftwood Drive

Melbourne 3 Russell Street

$20 million

$17 million-$18 million

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Expressions of interest: Close 5pm, April 14

Expressions of interest: Close 5pm, March 28

Agent: Century 21 Conolly Hay Group, Rachel Sellman 0422 719 041

Agent: Kay & Burton South Yarra,

Designed by, and home to, renowned Sunshine Coast building designer

Robert Li 0413 725 369

Chris Clout, this eye-catching residence delivers on Clout’s internationally

Taking cues from Europe’s finest villas, this Rob

recognised resort-style approach with a hotel-worthy pool, a home theatre,

Mills-designed home comes with elegant formal

beers on tap at a full-sized bar, and tennis, golf and basketball facilities.

living spaces, a wine cellar and a home theatre.

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BRISBANE 1HR 25MIN*

SURFERS PARADISE 45MIN*

GOLD COAST AIRPORT 45MIN*

LOT 1 11.36 ACRES

BYRON BAY 1HR 35MIN*

LOT 5 39.21 ACRES

LOT 2 11.39 ACRES LOT 3 47.17 ACRES

LOT 4 46.95 ACRES

*mark up and measurements are indicative only

HELIPAD | TENNIS COURT | HEATED MAGNESIUM POOL | MANICURED GARDENS | EXTENSIVE NURSERY | ADVANCED TIMBER PLANTATION SHEDS, MACHINERY + EQUIPMENT | 2 LAKES + 5 LICENSED BORES

ESCAP E TO

Eaglemont Estate 1 1 - 1 7 LY R E B I R D R I D G E R OA D, S P R I N G B R O O K

Expressions of Interest Closing Thursday 6 April at 5pm A Breathtaking Lifestyle Development Opportunity Nestled in nature high above the Gold Coast, this exceptional private estate is one of the largest usable rural holdings in Springbrook.

Eaglemont Estate offers 156 acres/63.17 hectares* of prime improved land divided into five freehold lots on the verdant Springbrook plateau, only 45 minutes* from the Gold Coast.

Eaglemont lies adjacent to the World Heritage-listed Springbrook National Park, a major natural tourist attraction famed for its walking trails, waterfalls and abundant native wildlife.

Enjoy private, self-sustained living surrounded by nature or explore an exciting range of income opportunities spanning tourism, agriculture, horticulture and timber farming. *approximate

MAIN RESIDENCE

GUEST HOUSE

SELF-CONTAINED BUNK HOUSE

WORKERS ACCOMMODATION

4 Bedrooms 3 Bathrooms

Sleeps 5

3 Bedrooms 2 Bathrooms

2 Bedrooms + Ensuites

Contact the Exclusive Selling Agents Kara Christensen 0411 372 231

Michael Kollosche 04111 888 15

DESIGN DIGEST

Art deco style The bold geometric shapes, decorative elements and metallics of art deco are resurgent in these contemporary finds. C o m p i l e d b y PAU LIN E M O RRIS SE Y GOLDEN ERA The Multi-lite Pendant by Gubi is a modern take on Denmark’s golden age of design, casting light upwards, downwards or asymmetrically. Its two opposing rotatable shades come in various finishes, from desert sage and shiny brass to Nordic blue and rose dust. cultdesign.com.au

HAPPY HOUR Once popular in the art deco era, fluted glass makes a trendy comeback in the Amsterdam Bar Cabinet by Coco Republic. The textural glass panels are framed by black oak and offset with aged brass accents, resulting in a statement piece with a twist. cocorepublic.com.au

RADIANT REFLECTION

CURVY COMFORT Resembling the iconic archways found within art deco buildings, the Shell 3 Seat Sofa by Bethan Gray features alluring

Inspired by the sharp

curves, a solid hardwood frame, textured upholstery and a brass swivel

architectural lines of

base. It’s made to order in a range of upholstery options. bethangray.com

the Manhattan skyline and the soft curves of a seashell, the Manhattan Vase by Reflections Copenhagen is made from hand-cut crystals in shades of yellow, brown and rose, or clear, forming a brilliant display of light and colour. pamono.com.au

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AROUND THE WORLD B y JIL H O G AN

36°33’19” N 121°55’24” W

Don’t let the location and view steal the show; there is much more to this unique home on the edge of the Pacific.

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It doesn’t get much more oceanfront than The Butterfly House in Carmel, California, perched on the rocks at the edge of the Pacific.

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eandering along Scenic Road in Carmel, which sits on California’s Monterey Peninsula, is an opportunity to not only lap up the area’s staggering natural beauty but also catch a glimpse of some of the most impressive architecture in town. And few compare to The Butterfly House.

Built in 1951 by architect Frank Wynkoop for his family, the oceanfront home is on the market for just the fourth time in its history, listed with a price guide of $US40 million ($60.67 million) and being sold furnished.

Named for its soaring, wing-shaped roof, the home has had a number of evolutions. After buying it in 2014, the current owners engaged celebrated designer Jamie Bush to complete its biggest renovation yet, helping restore its midcentury roots.

The result is warm and inviting. It integrates organic materials to effortlessly blend in with the coastal landscape, and has a design that allows seamless indoor-outdoor living.

The compact layout has three bedrooms, an office and a media room – which could work equally well as bedrooms – and four bathrooms.

It all wraps around an interior courtyard with a kidney-shaped pool, spa and fire pit, and the home also boasts its own private beach.

But the piece de resistance is “the great room” – a sprawling living and dining area with a wall of floor-to-ceiling glass looking straight out over the crashing waves of the Pacific Ocean.

It’s a room that was named by Architectural Digest as one of the most beautiful rooms in the world, and selling agent Shelly Mitchell Lynch from Carmel Realty Company says it’s the first thing that catches your eye when you walk in.

“It’s surreal because you walk through this big glass pivot door that has a driftwood handle that the designer found on the beach,” she says.

“And as you walk through the home, all you focus on is what’s at the end of the hallway.

“All you can see are the rocks and the waves and the ocean. Often I find that I have to slow people down when they walk through, because they just gravitate immediately toward the end of that hallway, which is the ocean.

“It’s incredible.”

Those windows, which are tornado-proof, do more than just frame the spectacular views.

Each pane of the commercial-grade glass has artificial intelligence built in which automatically adjusts the level of tint depending on the heat and glare at that time of day, working hard to ensure ultimate comfort for the home’s inhabitants.

And the view is ever-changing, depending on the time of year, or even time of day. You might capture a glimpse of pelicans perched on the rocks, or see divers searching for abalone or rockfish in the neighbouring kelp forest.

CARMEL

As the sun sets it is difficult to know where to enjoy it from – inside or out, weather permitting. The good news is that there is no wrong choice at The Butterfly House.

Some mornings and evenings, otters huddle in a circle to feed while holding their young, and during migrations, mother orcas breach as they herd their babies to safety in the bay.

The home is one of just five that enjoys true ocean frontage along Carmel’s rugged coastline.

Sitting just over a two-hour drive south of San Francisco, Carmel is a town that attracted many new residents from big cities during the COVID-19 pandemic.

It blends city sophistication with art galleries, restaurants and shopping, plus a stunning coastline and outdoorsy lifestyle, and the ease and safety of a small town – the crime pages of the local newspaper are usually filled with yarns about raccoons attacking rubbish bins.

Despite its seemingly precarious location perched on the edge of a cliff, and iconic architectural status, The Butterfly House has all the practicalities of a family home and has been a place for raising children for three different owners now.

“The [current] owner said, raising children in that environment and giving them that gift to everyday experience wildlife and nature, and in such an intimate way, is a gift that her children will never forget,” Lynch says.

“It’s really a lovely, wonderful, warm, happy, extraordinary family home that has the added benefit of taking your breath away.”

Carmel California, US 26320 Scenic Road $US40 million ($60.67 million)

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Private sale Agent: Carmel Realty Company, Shelly Mitchell Lynch +1 831 277 8044

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124 acres

LIVING IN

37.8242° S, 145.0828° E

CANTERBURY GREG BRIGGS

Oh-so-leafy Canterbury is a place of glorious homes, parks and the special joy of quaint Maling Road village. B y PAU LIN E M O RRIS SE Y Those fortunate enough to call the leafy suburb

Canterbury’s median house price currently sitting

of Canterbury home have likely never felt the urge

at $3.2 million.

to make a tree change, for there’s enough

driven by the wealth of education options in its

lover, just 10 kilometres east of Melbourne’s CBD.

vicinity,” Su says. “Meanwhile, professionals with

or picnicking in one of the suburb’s gorgeous parks, such as Canterbury Gardens and

Happy days on the high street High-street shopping has never been more

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in luck with the colourful and contemporary village of Maling Road, home to a cluster of

nestled on tree-lined streets and graced with

trendy stores, chic cafes and delightful eateries.

The most grandiose of the bunch are found

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fashionable, and the residents of Canterbury are

Add to this picture the suburb’s stately homes

along the “golden mile”, home to some of

$37 million-$40 million

commute … just 30 minutes.”

not in some lush English garden.

gorgeous gardens.

Melbourne 16 Balwyn Road

ties to the city take advantage of its easy

Boroondara Park, it’s easy to forget that you’re

Nature-kissed postcode

Canterbury

“The area is popular among families, largely

greenery here to satisfy the needs of any nature In fact, locals often remark that, when strolling

YOU MAY LIKE ...

Madelaine Partsioglou is the founder of Xocolatl, a boutique chocolate store and cafe.

“Our family-owned and operated business

Melbourne’s most prestigious streets, including

opened its doors in October 2005,” she says.

Expressions of interest

Monomeath, Victoria and Alexandra avenues and

“Over the past 18 years, we have been in the

Agent: Kay & Burton Hawthorn,

The Ridge.

centre of all the action, watching the

Sam Wilkinson 0400 169 148

neighbourhood change from having mainly older

Shrublands is a landmark Italianate mansion on

retired couples to a mix with young families.”

6500 square metres of magnificent grounds.

“It’s definitely well known for the beautiful trees that line the streets,” says Sophie Su, partner at Kay & Burton Hawthorn. “During summer, the

The timeless, heritage character of Maling Road

foliage is a vibrant green, while autumn brings

is perhaps Canterbury’s best-known calling card.

shades of orange and fire-red, and in winter, the bare branches give the impression of moving under an archway of swords.”

Meticulously restored, it has palatial proportions, ornate interiors and piazza-like terraces.

“We really value our connection to the area through our business,” Partsioglou says.

Canterbury’s parks,

“This time of the year is particularly wonderful –

gardens and tree-lined

Canterbury and autumn go together like a cup of

streets are a delight for

Hover your camera over the

the prices paid by some of Melbourne’s

our famous chilli hot chocolate during those cold

the senses in every

code to see Domain listings

corporate, sporting and professional elite, with

Melbourne days.”

season of the year.

in Canterbury

The latest Domain House Price Report reveals

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15-19 PARKLANE TERRACE, SOVEREIGN ISLANDS 3,143 sqm

PRICE $13.95 MILLION

The last remaining mega-mansion block on Sovereign Islands! Ready for you to build your dream home with approval for a mega-mansion to be constructed.

ALEX PHILLIS 0411 600 300 alex@preqld.com.au

• Spectacular water views, the ultimate privacy, secure living, east-facing warmth on the safe Gold Coast • 3143 m2 land holding - the largest on Sovereign Islands • East facing with long views over to Stradbroke Island • The ultimate privacy with uninterrupted water views and backs onto a private residents-only park with tropical landscapes and features • One of the quietest streets on Sovereign Islands • A gated and security-patrolled estate 2/11 GRICE AVENUE, PARADISE POINT QLD 4216

WE ARE A FAMILY OWNED BUSINESS

THE PROPERTY INVESTOR

GETTY IMAGES

Rentvesting: Is it for you?

Buying one home and living in another can be worth a great deal for some residential property investors, the experts say.

B y SU E WILLIAMS

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Beachside locales like Byron Bay are favourite bases for rentvestors who are renting out their main residence.

entvesting has become phenomenally popular over the past 10 years, generally among first-home buyers who can’t afford to buy a home where they’d like to live, so they rent in their chosen location and invest elsewhere.

But increasingly, it’s becoming a valuable part of an investment strategy for older, wealthier property buyers.

The major draw is what experts have labelled the “six-year rule”, which means if someone buys a property, lives in it for six to 12 months, and then rents it out, they don’t pay any capital gains tax on the growth in its value for six years.

Generally, if you hadn’t lived in it at all, then you’d have to pay the tax from the day you bought it, so if it were sold after a year, half of the growth in price would be counted as a capital gain.

As a result, rentvesting can be worth a great deal for residential property investors.

“It becomes a real asset,” says Mark Chapman, spokesperson for H&R Block. “Provided the

home is counted as the main residence, even though it’s rented out, it still qualifies for that main exemption, just like a family home.

“It means you have to rent somewhere, too, that you actually live in, but that may suit some

“They can pick up the benefit of the capital gains exemption on that first property.” investors and it means they can pick up the benefit of the capital gains exemption on that first property.”

Many investors might not have considered this strategy before, not having contemplated the

prospect of renting a primary residence. But, with rents skyrocketing so much over the past two years, some first-home buyers can no longer afford to rentvest, leaving the field open for more investors.

“I’ve done it myself,” says Nicola McDougall, chair of the Property Investment Professionals of Australia. “I bought a property in Brisbane and lived in it as my home for five years then we shifted to the Sunshine Coast and rented a home there, renting out the Brisbane place but keeping it as the principal place of residence.

“It worked for us as a sound investment strategy and, given the current state of the rental market, you have to be a high earner in order to afford to rent in the best locations.”

Managing director of buyer’s agency Aus Property Professionals Lloyd Edge says it sometimes doesn’t make sense simply to leave equity in a home when it could be put to better use, especially as buying in a secondary area often provides better yields and capital growth.

“Most who’ve done this do move around a lot, maybe between Sydney, Melbourne and Byron Bay at different times of year or overseas, often because of their work,” Edge says. “Usually, they don’t have kids, so renting a home suits them and makes sure they’re not tied down.

“At the same time, they’re receiving cash flow from their rental properties, they have more disposable income, and they’re able to use their funds to build up their portfolio. It’s a decision that a lot of people are making these days.”

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46 Lachlan Parade Trevallyn 5

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Architectural Brilliance With Breathtaking Views Making a bold statement in architectural brilliance, with unwavering quality and sophistication and spectacular views to match.

Built to live in and not to sell, no expense has been spared offering unrivalled luxury with bespoke features at every turn.

Behind the striking and flawless facade, you are met with grand proportions, soaring high ceilings, spotted gum herringbone flooring and high quality craftsmanship throughout.

The open plan kitchen, living and dining is truly spectacular. Boasting spotted gum ceilings, a feature handcrafted double storey stone fireplace and breathtaking panoramic river, city, and mountain views.

Bushby Creese 71 David Street, Newstead TAS 7250

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Price Offers Above $2.79m Inspect

By Appointment Contact George Bushby 0407 311 205 Joscelyn Creese 0459 954 331

1730 Currumbin Creek Rd, Currumbin Valley, Gold Coast QLD 3

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

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52.35ha

Extremely rare property with 5 titles on 129.45 acres with your own private waterfall and beautifully restored farm house.

Create your own perfect hinterland retreat offering complete privacy just 20 mins to the beach and 25 mins to the Gold Coast International Airport. Set within a beautiful botanical environment you will find first grade infrastructure for grazing livestock including cattle yards and water troughs in all paddocks.

• Machinery Sheds • Restored Party Barn • Original Rustic country barn • Palm tree-lined entrance.

1706 Currumbin Creek Rd, Currumbin Valley, Gold Coast QLD 3

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

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26.305ha

The perfect place to call home! An established nursery set over 65 acres with huge potential and absolute privacy. It will be sold with the following: 114 x Large Canary Island Date Palms • 45 Large Ponytails • 450 Livistona Australis (Native QLD Palm Trees) • 591 Large Dracaena Draco (Dragon Tree) • Raphus Palms (Large plantation in ground) • 350 Large Xanthorrhoea Glauca (Grass Trees) • 4 Macrozamia Moorei (Rare Australian Cycad) • 10 Bottle Trees • Bore • Flat useable land • Fully renovated 2 bedroom home • Character filled 1 bedroom cottage.

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FREEMANTLE 2146 Freemantle Road New South Wales Sotheby's is delighted to welcome Weiry's Corner to the market, a quality rural holding that is ready and set-up for its new owner. Comprising in 106 ha (approx. 261 acres) of undulating grazing country, Weiry's Corner provides you with the perfect blend of rural and country living. This offering boasts over 800m of frontage to the Macquarie River, complimented by an additional 175,000 litres of water storage on the property. Presented in first class order and ready to meet the market, Weiry's Corner is an outstanding country lifestyle property whilst still benefiting from all the services and close proximity that Bathurst and Orange has to offer, yet only three hours from Sydney.

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5 Auction View

Wednesday 5th April at 5:00PM Level 1/29-33 Bay St, Double Bay By appointment David Medina 0419 772 233 James McCowan 0418 800 400

All information contained herein is gathered from sources we deem to be reliable. However we cannot guarantee its accuracy and interested parties should rely on their own enquiries.

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ORANGE 50 Kite Street The late 1875 Victorian Art Nouveau villa, Mena, in Orange is the perfect blend of historical charm and modern style possessing both heritage beauty and architecture plus the benefits of modern living rarely available in homes that have been recognised among the 'Top 50 Great Houses of Australia' as published in Denis Gregory's book. Built by James Dalton, who did not spare any expense when constructing the home , sourcing the most lavish materials, craftsmanship and carpentry, importing ten marble fireplaces, ornate press metal ceilings, rare cedar timber and beautifully crafted leadlight windows. Recent renovations have maintained the quality Dalton principle, standing on bluestone foundations, and equipped with new air conditioning zoned underfloor ducted heating, new bathrooms, complete rewiring and a modern colour palate throughout culminating beautifully to refresh the heritage features.

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5 Auction View

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Wednesday 5th April 2023 at 5:00PM Level 1/29-33 Bay St, Double Bay By appointment David Medina 0419 772 233 James McCowan 0418 800 400

All information contained herein is gathered from sources we deem to be reliable. However we cannot guarantee its accuracy and interested parties should rely on their own enquiries.

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5 Bed | 6.5 Bath | 4 Car | Pool | Lift Sauna | Spa | Cinema | Library This exceptional residence provides the perfect synergy of lifestyle and luxury in one of Noosa’s most soughtafter locations.

A home of grand proportions and contemporary finishes, built to an enviable size that can never be achieved again under the current town plan, this property is truly one of a kind.

Designed over three expansive levels, ‘Riverland’ is perfectly zoned for every stage of life.

| 3 Levels | Glass lift for seamless access | 564 floor area | Corner block | Dual frontage | Zoned for tourism development | 100 metres from Noosa River | 100 metres from vibrant river food scene | 5 min drive to Hastings Street & Main Beach

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Landmark Main River Estate with Premium North-East Views

59 The Corso, Isle of Capri Scan for Listing

Expressions of Interest Closing Monday 3 April at 5pm (QLD) 6 42.5m*

Contact for a Private Viewing Sam Guo 0423 064 310 Julia Kuo 0402 668 885 Claire Dai 0432 318 746

6 + 5pdr 2,041m2*^

6 2,197m2*

Commanding an unrivalled position in Adams Basin, this landmark Main River estate offers true resort-style living in exclusive Isle of Capri. Facing north-east and spread across four blocks with 42.5m* of water frontage, a tri-level mansion delivers spectacular city and river views across Girung Island. The imposing architect-designed, Balinese-style residence spans more than 2,000m2* and has been carved out of sandstone, New Guinea rosewood, teak and Oregon timber. An entertainer’s paradise, the six-bedroom mansion including caretaker’s residence wraps around a central atrium where a teak platform is flanked by a wet-edge pool and water feature. Relax beneath lofty raked ceilings with exposed timber beams in a multitude of living spaces that give way to the outdoors.

Surrounded by palms and with a private beach, the estate is an oasis in the heart of the city. *approximate ^under roofline