By KATE FARRELLY
Sydney 238-240 Glenmore Road
$13 million
5 5 5 JOSEPHINE HUYNH
Auction: 12.45pm, June 24
Agent: BresicWhitney, Maclay Longhurst 0420 206 659
I’m still on a high from Australian Fashion Week. The Aje runway took over three floors of the new Sydney Modern Project space – the Art Gallery of NSW’s $334 million expansion. Erik Yvon’s bold new collection shone under dramatic industrial lights at the historic Carriageworks. Alcer unveiled its new jewellery line in the old locomotive workshops at South Eveleigh, adorned with vintage chandeliers and down a grand staircase. Those were just some of my favourite shows. This year, the architecture was just as celebrated as the fashion – the two worlds collided and it was pure sensory magic. Like fashion designers and brands, architects have earned renown for themselves too, in the property sector. In this edition, we showcase the best high-end homes on the market backed by architects, and explore the wisdom in investing in architect-designed homes.
OUR COVER
238-240 Glenmore
Road, Paddington
Listed by BresicWhitney
PAGE 4
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Impressive in both size and boldness of design, Brompton is a Versailles-inspired makeover of a pair of Victorian terraces, amalgamated to create a glamorous home with more than 600 square metres of accommodation. Mix your own drinks in the bespoke basement bar or duck out for cocktails and dinner at the nearby Five Ways precinct.
Second time’s the charm 8
LIVING IN
Perth’s premier postcode 11
THE PROPERTY INVESTOR
When good architecture pays off
13
Melbourne 896 Glenferrie Road
$7.8 million-$8.2 million
Sunshine Coast 517/61 Noosa Springs Drive
$6.65 million
Private sale
Agent: Tom Offermann Real Estate, Nic Hunter 0421 785 512
Fronting Noosa Springs Golf and Spa Resort, this Stephen Kidd-designed residence has a north-east aspect over the lake and 17th fairway. Huge, connected living spaces spill out to a vast terrace and sparkling pool, while the bedrooms are arranged around a private courtyard.
Sydney 48 Vaucluse Road
$30 million
Auction: June 22
Agent: Kay & Burton Boroondara, Tom Staughton 0411 554 850
Originally constructed for architect Alfred White, Comaques is an elegant 1890s Victorian Italianate mansion offering grand living spaces with fourmetre-high ceilings, marble and hardwood floors, decorative plasterwork and marble fireplaces. It has a modern gas kitchen, home office and pool.
Auction: 5pm, June 14
Agent: Bradfield BadgerFox, Alexander George 0415 699 340
The aptly named Panorama is a four-level home with lift access and boasts a pool, manicured gardens and a self-contained apartment.
The Glasshouse, one of Port Douglas’ most glamorous homes and a magical garden paradise is on the market.
The three-level residence sits high on Island Point with panoramic views across Four Mile Beach, the mountain ranges, and the Dickson Inlet.
Following a two-year top-to-bottom renovation importing Murano glass chandeliers from Italy, bespoke furnishings, and commissioned art playfully designed and curated in celebration of a joyful tropical lifestyle, The Glasshouse has been metamorphosed into a world-class residence of opulence to rival an ultra-luxury resort.
4561
26 Island Point Road, Port Douglas
Expressions of interest closing 10th July.
Barbara Wolveridge | +61 418 760 004
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It’s not often architects get a second crack at one of their projects. But Jolyon Robinson did on a three-bedroom modern house at Tinbeerwah he designed a decade ago.
Tucked into 2.4 hectares in the Noosa Hinterland, the residence – surrounded by manicured lawns and native forest – gave the young architect a chance to step out of his father’s shadow after working in his practice for 15 years and show what he could do on his own. He produced a light-filled contemporary linear structure of steel and glass, sitting on a concrete base, with cantilevered bedrooms, soaring
By PAUL BESTangled ceilings and a dramatic lightweight truss roof shading the building and deck.
A separate one-bedroom studio with an open kitchen was also built at the far end of the property, overlooking a dam.
At the time, the region was still recovering from the global financial crisis, so design budgets were tight.
“It forced me to adopt a more streamlined, refined kind of architecture,” Robinson says. “[My design] didn’t need to be so bloated.”
Robinson was also inspired by the striking beauty and simplicity of the work by the late
Sri Lankan architect Geoffrey Bawa, having stayed in the last house Bawa designed.
“It resonated with me,” he says. “That changed everything while I was designing Wallaby Lane.” Photographed and posted online, Robinson’s design attracted wide interest from architectural students globally as well as mainstream media in Australia.
“It was one of the first big photos that went viral on the internet,” Robinson says. “It drew a lot of attention.”
Ten years on and with new owners, the property has just received – in the words of Century 21 Conolly Hay Group selling agent Lisa McKenzie – “a million-dollar renovation”.
For Robinson, it offered a chance to finish what he had started – importantly, with the necessary budget to do so – to give the house an extra layer of comfort and luxury it had always called out for. In particular, the new owners sought a greater feeling of space.
One of the big upgrades was to replace the original main bedroom, walk-in wardrobe and en suite with something bigger and more
luxurious at the north-east end of the house. New generous bathrooms were also installed.
“They have their own ambiance about them ... more dark and moody,” Robinson says.
At the other end of the house, a pop-out pantry was added with views across the pool to Cooroy Mountain.
Crucially, Robinson doesn’t see what he has done as a departure from his original design.
“The house was great,” he says. “It hadn’t really dated over the past 10 years.”
And yet, nothing has escaped his scrutiny. Almost everything was given a touch-up. The house was repainted inside and out, decking, cabinetry, roof and flashings upgraded, balustrades replaced, concrete floors polished and American oak boards laid in place of the previous bamboo flooring.
The garage was also rebuilt to create more space and a butterfly awning was added to connect the garage to the front door.
“It really does feel like a new house,” he admits. “Previously, I was operating in a different environment with different owners.
This time, it just felt like a different project. The house now feels like the best version of itself.”
McKenzie agrees. “The owners wanted a house designed for ease of living,” she says. “It really lends itself to an executive couple or emptynesters whose kids have moved out.”
Shire of Noosa 6 Wallaby Lane $4.5 million
4 3 2
Private sale Agent: Century 21 Conolly Hay Group, Lisa McKenzie 0417 776 361
Lisa McKenzie, Century 21 Conolly Hay Group
“You may be 15 minutes away from the main Noosa hub, yet feel a million miles away. There isn’t even a whisper of traffic noise.”
333Disclaimer*=approx.
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Bound by an enduring love of the ocean, this suburb’s residents also enjoy a thriving property market.
Proudly wearing the badge as one the most iconic beachside suburbs in Western Australia, Cottesloe captivates with its golden-white sands and turquoise waters, with the iconic art deco landmark Indiana (formerly Indiana Teahouse) on its shores acting as the cherry on top.
One can’t help but feel charmed by this picturesque neighbourhood with its sprawling landholdings and tree-lined streets adorned with Norfolk pines. But Cottesloe isn’t just a pretty face; it’s also conveniently placed just a 15-minute drive from Perth’s CBD and Fremantle.
While Cottesloe’s beautiful beaches are certainly its most significant feature, Justin Davies of Space Realty says the suburb’s exceptional lifestyle amenities also lure people.
“From the local golf course and tennis club, both blessed with ocean views, to the historical council chamber with its sprawling gardens, Cottesloe offers a range of recreational and cultural amenities,” he says. “The great cafes and restaurants overlooking the surf, along with gyms, surf clubs, schools, and daycare facilities, further enriches the suburb’s quality of life.”
Davies is optimistic about the property market here and says demand remains high while supply is limited, driving values forward. According to Domain’s latest House Price Report, its median
By PAULINE MORRISSEYhouse price is $2.83 million, up 2.9 per cent over the year and 44.2 per cent jump in five years.
“While other markets have slowed, Cottesloe has continued to thrive, achieving excellent results,” he says. “This resilience solidifies the suburb’s position as a premier postcode, where property owners can be confident in the longterm value of their investment.”
With a lifelong love for Cottesloe, Chris Shellabear is a third-generation agent and principal at Shellabears Real Estate. He moved to the area with his parents in 1964, joining his grandparents who were already here.
“Cottesloe has strong working-class roots and a really eclectic mix of people who all share a love of the ocean,” he says. “From young surfers and students to families and retirees, together, this rich tapestry of individuals cherish their shared love for the sea.”
Beginning most mornings at the North Cottesloe Surf Life Saving Club, where he was once president, or at the local dog beach with his hounds, Shellabear notes that his daily routine must include a dose of saltwater.
“I hope that my children and grandchildren will continue their own love affair with Cottesloe, nurturing a legacy of appreciation for this extraordinary coastal haven,” he says.
The redeveloped Indiana Teahouse is an art deco landmark on Cottesloe beach.
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The epitome of coastal luxury, this three-story masterpiece by Rodrigues Bodycoat Architects is just steps from Cottesloe beach, dazzling with its elevated, panoramic ocean views.
Lavish Gold Coast waterfront living and entertaining finds a new benchmark inside ‘Alston’, a magnificent Main River estate set within the prestigious The Southport School precinct.
A rare 3,442m 2 * waterfront allotment, with its private sandy beach and skyline vistas spanning Main Beach to Broadbeach, sets the stage for this stately French manor to shine. Designed by Michael Witty Architects and crafted to perfection, an exquisite tri-level residence boasts six bedrooms, seven bathrooms, a five-car garage and a long list of luxury inclusions.
An indoor lap pool, spa, gym, and sauna beckon, while entertainers will embrace a bar, wine room, cinema and billiards room. A rooftop viewing platform captures 360-degree views, while a deep-water pontoon with twin jet ski docks creates easy passage to the Broadwater, Marina Mirage and the Gold Coast Seaway.
CONTACT FOR A PRIVATE VIEWING
MICHAEL KOLLOSCHE 04111 888 15
REBECCA MOFFREY 0433 261 489
(RAY WHITE)
When buying an investment property, should you give priority to a property that’s been architectdesigned? In today’s market, a house, townhouse or apartment will be snapped up for rent quickly – whether or not it has an architect’s name attached.
But an investment is for the long term, and it’s important to buy wisely to guarantee tenants will be attracted in the future if conditions change, and for good capital growth.
“An architect will always design a property with features that will pop and make it a bit special,” says Luke Harris, chief executive of property advisors The Property Mentors and author of the book Property Fit.
“It will stand out from the rest and add more value in the longer term than the extra that you’ll pay on buying it.
“For a renter, it’ll be nicer to live in too, as an architect will use all their years of training and experience to better consider the airflow through the property, the placing of the windows and maximising the floor space.
“Their name could also add prestige, like a Fender Katsalidis apartment will still have allure 100 years from now.”
Yet, it’s important not to over-capitalise on an architect’s name and design, warns buyer’s agent and property strategist Rasti Vaibhav.
“But you also have to bear in mind that only 30 per cent of property in this country is owned by investors, so when you come to sell, you’ll want to attract owner-occupiers as well, who will appreciate an architect design.”
A 2018 study by the University of Melbourne and ArchiTeam found that, on average, there would be a 1.2 per cent annual extra capital growth for an architect-designed renovation over one done without an architect.
So, having an architect involved will certainly always add value, says Jarrod McCabe, director of Wakelin Property Advisory. But investors should try to judge how much.
“It can be good to create that extra point of difference in the market, but what value will it add long-term?” he asks. “You might be paying a premium for the improvement an architect can add but they might not necessarily appreciate in value over time.
“Most of a property’s value is in the land it occupies and you have to measure the benefit of an architect against the value of the land.”
“All elements have to be in alignment – it also has to be in a good location and worth the money,” says Vaibhav, the managing director of Get RARE Properties. “There’s no point in paying extra for an architect-designed property if it’s in a neighbourhood where you might struggle to find a tenant anyway.
Investment property national buyers’ agent Michael Pell, the managing director of Propell Property, agrees. Every case has to be judged on its own merits, he believes.
“It’s all about the data – supply and demand, an area’s population growth, its demographics, and whether it’s close to trains, jobs, hospitals and shops,” Pell says. “You need to look at the mix, and then judge whether an architect’s design will add merit.”
“A Fender Katsalidis apartment will still have allure 100 years from now.”David Boyle Architect’s Legato House at 44 Beachview Esplanade, MacMasters Beach.
Epitomising the spectacular natural beauty of the Byron Bay hinterland, ‘Newrybar Parklands’ is an idyllic lifestyle sanctuary - incomparable in position, scale, privacy and tranquillity. Designed to rest harmoniously amongst the natural environment, the luxuriously appointed north-facing main residence and guest house spans 1,140m2 of serene indoor / outdoor living space. Sit back and soak up the oasis-like landscape gardens with sweeping valley views to gazing paddocks, plantation vistas and the world heritage-listed Nightcap National Park.
Kim Jones - Kim Jones Property
M: +61 414 629 924 | E: kim.jones@smileelite.com kimjonesproperty.com.au
Land: Approx 18.5 Acres
Expressions of Interest:
Closing Date - June 22nd @ 4pm