Domain Prestige - July 05, 2023

PRESTIGE

GARDEN ESTATE

Framing the glorious outdoors

THE ESSENCE OF BROADBEACH LIVING

CONSTRUCTION IN PROGRESS | Enjoy the wonders of Broadbeach from your premium Amaya residence that encapsulates the balance of lifestyle and luxury. Set just 300m from the shore and stretching 33 storeys high, Amaya offers a sophisticated beachside experience.

• ���������������������������������������������������������������������� ���������������������������������������������������������

• Peaceful location in the premium residential area of Broadbeach.

• Coastal luxe interiors and superior inclusions.

• Resort-style amenities including pool, spa, sauna, gym and steam room.

�������������������������������������������������������������� ��������������������������������������������������������

NOW SELLING 2 BEDROOMS, FROM $995,000 3 BEDROOMS, FROM $1.29M HALF-FLOOR HOMES, FROM $3.01M* *Prices

NOW SELLING 2 BEDROOMS, FROM $995,000 3 BEDROOMS, FROM $1.29M HALF-FLOOR HOMES, FROM $3.01M*

DISPLAY SUITE

DISPLAY SUITE

Open 7 days, 10am to 3pm

Shop 16/17 Albert Avenue, Broadbeach

Open 7 days, 10am to 3pm Shop 16/17 Albert Avenue, Broadbeach

Ph: 0428 373 564

Ph: 0428 373 564

amaya-broadbeach.com.au

amaya-broadbeach.com.au

60% SOLD

Artist’s impression.

By KATE FARRELLY

Torquay

Surf Coast \ 23-25 Munday Street

$7.5 million-$7.7 million

4 5 2 JOSEPHINE HUYNH

Expressions of interest: Close July 12

If you find yourself in Sydney, stop into Sydney Modern Project at the Art Gallery of NSW - it’s a work of art in itself. The $344 million expansion sits on prime real estate overlooking Gadigal country. Pritzker Prize-winning architects SANAA fused architecture and the park landscape in spectacular new ways, then the baton was passed to artists to create site-specific works. The beauty is you don’t know where the architecture ends and the art begins, then there are these pops of nature in frameless windows. It feels like you’re staring into a Monet painting that sways in the breeze. In my eyes, this is the epitome of Australian architecture. This sensitivity to the natural setting and the level of creativity in home design are what we love to showcase in Prestige. This week, that’s in the form of the cover with its beautifully curated grounds, and a penthouse with a skylit internal garden.

OUR COVER

17 Manorina Way, Macedon

Listed by Bound Real Estate PAGE 7

Editor:

Josephine Huynh

Editorial producer:

Hailey Coules

Group picture editor:

Kylie Thomson

Senior designer:

Colleen Chin Quan

Graphic designer:

Emma Drake

National magazine

editor:

Natalie Mortimer

Group content director:

Mark Roppolo

Chief marketing officer:

Rebecca Darley

Chief executive officer:

Jason Pellegrino

Residential sales:

Queensland

Amanda Vaughan 0413 370 004

New South Wales

Joe Pinneri 0408 694 223

Victoria, Western

Australia, South

Australia, Northern

Territory & Tasmania

Ray van Veenendaal 0438 279 870

New development sales:

Ivan Curic 0413 498 156

Media sales: Sam Hill 0438 348 998

Contact: editorial@domain.com.au

Agent: One Agency Surf Coast, Chris Henson 0477 774 271 in conjunction with O’Callaghan Real Estate, Shaun O’Callaghan 0477 881 808

The result of a collaboration between architect Frank Bienefelt, builder Stuart Voss and The Block winner and designer Shannon Vos, this striking home is just 300 metres from the beach. The property has timber finishes, high-end appliances and an impressive main bedroom suite. There’s also a pool and outdoor kitchen.

Duffys Forest

Sydney \ 118 Booralie Road

$14 million-$15 million

6 5 8

Expressions of interest

Agent: Christie’s International Real Estate, Darren Curtis 0406 761 840 in conjunction with Sydney Country Living, Shayne Hutton 0400 420 000 With six paddocks, four stables, a floodlit arena, a tennis court and a 17metre pool, Jabulisa is well equipped for outdoor pursuits, but there’s also plenty to love indoors, including a games room and separate guest quarters.

Byron Bay

Byron Shire \ 6 Giaour Street

$11 million

8 8 5

Expressions of interest

Agent: McGrath Byron Bay, Will Phillips 0488 508 111 Perched on the eastern shore of Belongil Creek, this BGD Architectsdesigned residence and two-storey guest house are a stroll from the beach, and a five-minute drive from the centre of Byron. Packed with character and boasting designer finishes, the two properties were built in 2020 and come with outdoor dining zones with built-in barbecues.

Macedon

Macedon Ranges \ 17 Manorina Way

$5.5 million-$6 million

5

3 8

Expressions of interest: Close 2pm, July 27

Agent: Bound Real Estate, Rhys Nuttall 0438 383 221

Set on 3.24 hectares of park-like gardens with an orchard, tennis court and a heated pool, this renovated homestead enjoys uninterrupted views to Mount Macedon and Mount Towrong.

SHINING SPHERE

Bentu’s E-Mars

Pendant embodies minimalist elegance. Its spherical form is made from cast diatomaceous earth and finished in an earthy orange or brown, split by an acrylic prism that emits warmth from its luminous heart. remodern.com.au

Character building

Our homes grow in character with each piece we carefully curate and cherish over time. Compiled by PAULINE MORRISSEY

STYLISH SLABS The Crimson limited-edition range showcases some of RJ Living’s favourite stone designs, including coffee tables, side tables and plinths, flaunting deep red hues and the unique veining of a distinctive purple marble. rjliving.com.au

SOFT ON THE FEET The Le Marais rug collection by Tigmi is a modern take on the classic Parisian mosaic tile. Displaying striking geometry, the contemporary rug is crafted from wool and silk and is available in four colour palettes. tigmitrading.com

TURN TO STONE Sculptural in its design, the Epic Dining Table by Gubi takes its cues from Greek columns and Roman architecture. It’s made in Italy from travertine, highlighting the material’s intriguing veins and patina. ingoodcompany.com.au

ARCHITECTURE

More like a house than a penthouse

Size, proportion and the most luxurious of fittings and materials are topped off only by the stupendous views. By PAUL BEST

Enter the foyer of the Grand Atrium – one of seven twin-level penthouses atop The Landmark, in St Leonards on Sydney’s lower north shore – and there’s no denying that this is luxury living of the highest order.

A soaring residential tower topping out at 57 floors will do that, literally. As does a $14 million to $15 million price tag.

And, in the designer’s words, “a huge entry gesture” immediately trumpets your arrival into this welcoming lap of luxury. A double-height void with a circular glass lift, skylight, planter and stairs, it simply wows.

Then there’s the inescapable “top-of-the-world” panorama taking in much of the city, as far as the eye can see – beyond Manly and past the heads, a front-row seat to Sydney’s CBD, as well as the eastern suburbs, airport and Cronulla, all the way to the Blue Mountains.

“The backdrops are out of this world,” says DiJones Neutral Bay selling agent Nigel Mukhi.

“They are some of the best views in Sydney.”

But there’s more to the notion of luxury here. Every so often, you step into a residence and sense the quality. That there’s something special, without quite being able to put your

finger on what that is – and that’s before you even get to all the luxurious amenities.

“As soon as you walk in, you can feel the quality,” confirms German-born Sven Ollmann, principal of Warren & Mahoney, the international design and architectural practice responsible for the penthouses. Then he explains: “It’s all the little things.”

By this, Ollmann is referring to the “very fine detailing, exceptional one-off details and topend fittings”. He points to the metal inlay work in the stone floors, fluted glass on the sliding doors and shower screens, and the brass framing of the rounded custom-made mirrors and shaving cabinets.

He cites the detailed interfacing of the various materials – like the timber joinery, white marble and leather and brass highlights. And points out the brass finish is satin rather than highly polished, which says classy, not glitzy.

“Our brief was to embellish and elevate but do it in a subtle, highly contemporary way … without being minimalist,” Ollmann says.

Scale, proportion and a customised layout of the penthouse play a crucial part, too. On the entry level, the foyer flows into three bedrooms

as well as a spacious living dining and kitchen open-plan. Stairs, or lift, to the upper level open onto a lounge and main bedroom suite, with a dressing room and en suite.

Importantly, these are all large free-flowing spaces that inexorably draw you to wide cantilevered balconies – a wraparound platform on the entry level, ideal for entertaining – from where views are best enjoyed.

Building architect A+ Design Group created wavy, ribbon-like balconies, which not only lend the facade a rhythmic motion but also reference the movement of water on Sydney Harbour.

Inside, Grand Atrium is 284 square metres, plus 80 square metres for the balconies. And add another 63 square metres for a lock-up three-car garage and storage. “It’s like a house in the sky,” Mukhi says. “Actually, it’s bigger than many houses internally.”

Fittings and appliances also have been carefully chosen – from Astra Walker tapware and pietra grey marble benches to Gaggenau ovens and Sub-Zero fridges. Add to this a $400,000 Italian-designed Boffi kitchen. But comforts and luxuries extend beyond the four walls of the penthouse. There’s a private

YOUR AGENT

Nigel Mukhi, DiJones  Neutral Bay

“This is one of the most amazing penthouses. The views are jawdropping, and the finishes the best of the best. The exclusiveness of having a private car parking area and express lift to the penthouses makes this the ultimate offering.”

kitchen, dining and lounge on the 35th floor and an amenity-laden Club 500, which includes a full-time concierge and building security. The club also offers a range of leisure facilities, such as a mosaic-clad indoor pool, spa, gym, sauna, golf simulators, yoga room, cinemas, kids’ playground, library, music room and workshop space.

The neighbourhood, too, is undergoing wider urban transformation, which is adding to the area’s amenity and liveability.

Still, for all of this, Ollmann believes it’s hard to beat the wellbeing that good design gives you – even if you aren’t fully aware of it.

“Sometimes you just walk into a space and go, ‘Damn, we got this right,’ ” he says.

St Leonards

Sydney 5707/500 Pacific Highway

$14 million-$15 million

4 3 3

Auction: 5.30pm, July 19

Agent: DiJones Neutral Bay, Nigel Mukhi 0412 696 666

Its sprawling estates might have been subdivided, but Malvern retains its sense of grandeur and greenery. By

Just over 10 kilometres from the heart of Melbourne, Malvern boasts a rich and captivating history. It was once home to sprawling estates, later divided to create leafy streets adorned with late-Victorian and red-tiled Edwardian villas.

Today, these architectural treasures coexist harmoniously with modern renovations, creating that beloved blend of old and new.

Looking to a bright future

While Malvern proudly preserves its landmarks, such as the striking, heritage-listed Stonnington Mansion, Joanna Nairn of Marshall White Stonnington says the suburb is also looking towards the future.

“Buying in Malvern not only means purchasing a slice of Australian history but also guaranteeing a sensational place to live in,” Nairn says.

“It’s got the best schools on its doorstep, plenty of boutiques and cafes on Glenferrie Road, and an abundance of parks and greenery, despite being so close to the city.”

The latest Domain House Price Report suggests house prices are currently at or close to the bottom of the price cycle in Melbourne, with Malvern’s median house price now sitting at $2.705 million.

“The demand for good quality homes in Malvern remains strong, attracting interest from local, interstate and overseas buyers,” Nairn says.

PAULINE MORRISSEY

“I can’t see this changing due to the long-term appreciation of these ... homes causing a lack of supply, transacted only due to families getting bigger and smaller, rather than financial stress.”

In Malvern, an active lifestyle is ingrained in the suburb’s fabric, creating a vibrant atmosphere where residents enjoy nurturing their health and fostering a strong sense of togetherness. Its what made it the perfect location for boutique Pilates studio Fluidform’s first Victorian location, opening its doors in November last year.

“I was born and raised in Melbourne and have always been drawn to Malvern’s leafy neighbourhood and community spirit, so it was a fitting location for our studio,” says owner Roxy Ogier. “It’s close enough to the city to feel very connected, yet feels like its own pocket of boutique shopping, local dining and beautiful period homes.”

Fuelling both mind and body

Serving as a sanctuary for both fitness enthusiasts and those simply seeking respite on a lazy afternoon, nearby Central Park is the epicentre of the Malvern lifestyle.

“My mornings typically start with a coffee from Master Of None and a walk around Central Park, my little piece of nature inside the city,” Ogier says. “This ... never fails to fuel my mind and body before a full day of teaching in the studio.”

YOU MAY LIKE ...

Malvern

Melbourne 4 Cummins Grove

$4.15 million 4 4 2

Private sale

Agent: Marshall White Stonnington, Marcus Chiminello 0411 411 271

Indulge in three levels of luxury in this new build. The spacious living area (with a marble fireplace), seamlessly connects to an expansive outdoor deck, perfect for creating al fresco bliss.

Malvern Town Hall is seen as an outstanding example of Renaissance revival architecture.

The pros and cons of renovating

With renovation costs finally starting to stabilise, how extensively should you renovate an investment property to make financial sense?

The answer will depend on a number of factors, including the state of the home, its property type, location, value and tenant demand – and level of rents being paid – in that particular market.

But while it’s possible to renovate to any budget, it’s critically important not to overcapitalise the property as it will take forever to recoup your outlay from the rent and doesn’t make enough difference to its sale price.

“Renovation costs are still very high, so it’s something you have to think about carefully now,” says renovation project manager Werine Erasmus, known as The Happy Renovator.

“Some costs have doubled in the past two years – for materials and the hourly rate for carpenters, for instance. As a result … investors should spend the minimum they can at the moment in order to make the property comfortable and attractive for renters.

“You can do a lot for just 10 per cent of the value of the property, like $50,000 on a … unit that’s cost you $500,000. But if it is rundown, or much bigger, then you’ll have to spend more.”

Before they begin, investors should have a clear idea of what their plans are for the property, she says. If they want to rent it out for 10 years and then sell, they’ll have to factor in a second renovation beforehand because of the wear and tear in the interim.

They should also focus on what’s absolutely needed. A serviceable kitchen might be quite acceptable to a tenant in North Queensland, but

air-conditioning may be non-negotiable. Similarly, in Melbourne, an efficient heating system could be preferable to a new bathroom. Renovation costs will also differ hugely from city to city, and in regional locations, too.

Interior and building designer Martina Hayes says a basic kitchen in Sydney might cost as much as $25,000, a bathroom $20,000 and flooring $80 to $120 per square metre. Waiting to see if those prices come down any further after the COVID surge won’t be a wise move either, says Greg Kearney, managing director of Australian Home Renovations.

“Prices are beginning to stabilise but they won’t go down, or to anything like the level they were before the pandemic,” he says. “We’re at the new normal now, where prices are 13 to 14 per cent higher than they were.

“The minimum you should spend on a renovation for an investment property will be 10 per cent of its value, while the maximum should be 20 to 25 per cent.”

Having knowledge of the area you’re investing in, your target buyers and demographics will determine the best way forward in terms of money spent, says Scott O’Dell, the national director of valuers Opteon Solutions.

But generally, the best-value-outcome renovations include kitchen and bathroom upgrades, enhancing street appeal with external cosmetic upgrades and landscaping, adding additional living space and, most recently, making energy-efficient upgrades.

There are good reasons to renovate an investment property, but there is always a risk of overcapitalising in this cost environment.

By SUE WILLIAMS

“You can do a lot for just 10 per cent of the value of the property.”

The high cost of renovating since the pandemic hit makes it harder to know how much to spend on improvements.

4 FISHERMANS POINT

BEROWRA WATERS

Designed to deliver an authentic Australian experience, surrounded by native bushland and the commanding presence of the Hawkesbury River, Marramarra Lodge is a truly unique, 8.75-acre parcel of tidal river frontage, that's only accessible by water, seaplane or helicopter. Regarded for its exclusive location, elegant dining, breathtaking nature and rich early history – it's an intoxicating combination for a sensory escape.

20 PRESTIGE

30a 18b i8.75 Acres

PRIVATE TREATY

TIM ANDREWS 0412 663 065 tim.andrews@ljhooker.com.au

DOUGAL MILLER-SNEDDON 0423 138 180 dougalmillersneddon@ljhooker.com.au

LJ Hooker Terrigal terrigal.ljhooker.com.au

401 NOBBYS CREEK ROAD, NOBBYS CREEK

Only at "Sedona" will you discover true tranquillity. A private acreage paradise that basks in mesmerising views of Mount Warning and the Border Ranges, it sprawls across 47ha of pristine pastural land enveloped by a lush rainforest canopy. Flood-free and fronting the meandering Nobbys Creek, it's a place of unparalleled natural beauty and boasts the promise of a joy-filled future ahead. An architect-designed main residence graces a hilltop position, unfurling across a substantial single level. Recently renovated to a superior standard, natural light cascades through multiple stacker doors and louvred windows, inviting the picturesque valley vistas indoors. Situated approx. 5km from Murwillumbah's charming town centre, head here for a fix of artistic culture and organic goodness, with coastal hot spots such as Cabarita Beach just over 30km away.