Domain Prestige - December 06, 2023 by Domain Magazines

6 DECEMBER / 2023

PRESTIGE THE BEST IN AUSTRALIAN PROPERTY

IDYLLIC ADDRESS Your happy place in the valley

B y LO U SWE E N E Y & PAU LIN E M O RRIS SE Y

Tallebudgera Valley Gold Coast 17 Maybree Close $5 million+ J OSE PHIN E H U YN H

Private sale Agent: LJ Hooker Southern Gold Coast, Claudia Young 0482 888 632 Can you tell we’re in holiday mode already? Welcome to the final edition

Space, stone, sunshine. This expansive, brand-

of Prestige for 2023, filled with sunny lifestyles, waterfront properties and

new spread sits right on the edge of Burleigh

calming colour palettes. I write this ed’s letter in a similar fashion to the very

Heads and is super-impressive. Towering

first when I came on board as editor in 2021 – housebound with COVID. But

cathedral ceilings and banks of glass draw in that

this time I’ve learned to love the quiet, really nest and dream a little deeper

gorgeous light, while stacked stone columns

into the luxury property market. The mental escape has never felt so real,

anchor all the airy glamour, both inside and out.

particularly with the holidays in such close reach. For now, I’ll find solace in

The superb circular swimming pool and epic

Design Digest poolside and under the cabana watching the sunset, in the

al fresco entertaining space are knockouts.

soothing interiors of Yellowtrace, where the architect’s brief was to create “a holiday-like atmosphere”, and in Living In, where Broome’s palm trees and beaches are telling us to come hither. We’ll be back in your hands on January 24 but until then we wish you a restful break and happy holiday.

O U R COVE R 17 Maybree Close, Tallebudgera Valley Listed by LJ Hooker Southern Gold Coast PAG E 2

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

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HOT PROPERTY

PRUE RUSCOE

DESIGN DIGEST Summer is finally here

YELLOWTRACE Hitting the calm palette brief

LIVING IN Where unspoilt beaches abound

THE PROPERTY INVESTOR Australia on the world stage

5 6 8 9

Mermaid Waters Gold Coast 62 Lakeview Boulevard 4

Auction: 12.30pm, December 9 Agent: Amir Prestige Group, Alex Fleri 0424 404 063 The brilliant siting of this dazzling home on 45 metres of absolute waterfront is the main drawcard here, but we also have to sing the praises of its lavish inclusions – private beach, manicured lawns, broad terraces and shimmering infinity pool. The fabulous entry is a splendid, soaring spectacle that perfectly introduces the opulent amenity beyond.

West Hobart

Darling Point

Tasmania 22a 22 Pine Street

Sydney 16a 16a a/23 /23 Thornton Street

$3.5 million

$9.5 million

Expressions of interest

Agent: St Andrews Estate Agents, Steve Yannarakis 0419 429 423 Minallo, built c1891, is a Tasmanian treasure with a long, private drive, a

Agent: Sydney Sotheby’s International Realty, Daphne Sauvage 0415 479 151

majestic garden and a grand, ivy-walled manor all within sight of Hobart and

Perched on level 16 within the tightly held Retford

the Derwent. The languid, serene space here tells of a different time, but a

Hall building, this sanctuary has been flawlessly

renovation several years ago speaks a thoroughly contemporary language.

crafted to capture Sydney’s iconic views.

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ARTIST IMPRESSION

BURLEIGH’S FINEST BEACHFRONT ADDRESS Burly Residences represents one of the most memorable and beautiful residences ever created on Australia’s iconic Gold Coast. Located on the beachfront on The Esplanade at North Burleigh Beach, this is a place blessed with raw beauty. Led by DD Living, Koichi Takada Architects and Mim Design have combined to deliver a six-star luxury lifestyle beyond anything ever seen on the Gold Coast. 2 BEDROOM RESIDENCES FROM $2.2M 3 B E D R O O M O C E A N F R O N T R E S I D E N C E S F R O M $ 4 .1 2 2 M 3 B E D R O O M + M U LT I P U R P O S E R O O M S K Y H O M E S F R O M $ 6 . 4 8 6 M

S A L E S G A L L E R Y O P E N 7 D AY S North Burleigh Surf Life Saving Club, Level 1, 293 The Esplanade, North Burleigh, Gold Coast 264 - 268 THE ESPLANADE, NORTH BURLEIGH, GOLD COAST 1 3 0 0 3 0 8 3 9 8 | B U R LY R E S I D E N C E S . C O M . A U

DESIGN DIGEST

Great outdoors Whether sun-soaking on a balcony or spending a day by the pool, these al fresco picks ensure a comfy place to park. C o m p i l e d b y PAU LIN E M O RRIS SE Y BOLD BEAUTY The HiRay Chair, designed by Ludovica & Roberto Palomba for Kartell stands out for its elegant lightness and stylistic flair, ideal for outdoor areas and balconies. Crafted from painted galvanised steel, it comes in black, rust, sage and white, with and without armrests. spacefurniture.com.au

POOLSIDE BLISS The King Cabana, crafted for enjoyment under the Australian sun by KING, boasts a versatile shade canopy for privacy and protection. Two sumptuous sun lounges with adjustable headrests provide added comfort. kingliving.com.au

AL FRESCO MOMENT Elevate

COURTYARD CHARM Bringing some of her most celebrated indoor designs outside, Sarah Ellison’s

leisurely outdoor

the Ava Armchair, perfect for adorning picturesque courtyards. sarahellison.com.au

debut outdoor collection has transformed familiar pieces into outdoor gems, from the Muse Sofa to

lunches with the Jack Dining Armchair by DOMO. This chair blends a chic woven rope backrest with a cushioned foam seat pad, supported by a robust powder-coated aluminium frame for strength and comfort. domo.com.au

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COURTESY OF JONES

“We wanted to create a quiet, calm insertion and exploit the beauty of the existing character.”

PRUE RUSCOE

YELLOWTRACE

b y DANA TO MIC H U G H E S

Creating a waterfront oasis of calm

or anyone acquainted with Jo Lawless, director of Sydney interior design practice Lawless & Meyerson, chances are they’d describe her as cool, calm and collected. So, it’s no surprise the firm’s latest project feels much like the designer’s mild and gentle, but quietly powerful, demeanour. This historic gem on Sydney’s iconic Finger Wharf in Woolloomooloo has been transformed into an elegant oasis of urban waterside living, with Lawless and her team delicately breathing new life into its heritage-rich bones. Built between 1910 and 1915 by the Sydney Harbour Trust, the Finger Wharf narrowly escaped demolition in the late 1980s due to public outcry. It was reborn as a boutique hotel, apartments and a vibrant hospitality precinct on the marina. The heritage and cultural significance of the former passenger terminal

6 PR E ST IGE

are deeply rooted in the city’s history, making it a cherished local landmark. Constructed in the late 1990s, the Wharf Apartments lost some appeal over the years. Today, they have become highly sought after due to their unique character, stunning views, and central location close to the CBD. “The client came to us with a tight budget and clear ideas,” says Lawless. “He had just purchased the two-bedroom apartment and wanted to renovate.” The client’s vision was clear: create a spacious, flexible one-bedroom abode for everyday living, working and entertaining while maintaining a calm, light palette that exudes a holiday-like atmosphere, all within budget constraints. Upon entering, one is immediately greeted by the awe-inspiring view of the water and city, and the voluminous ceilings.

“The beautiful steel trusses, riveted I-beams, the original windows, and, of course, the view gave us so much to work with,” Lawless says. “We wanted to create a quiet, calm insertion and exploit the beauty of the existing character.” The design team faced challenges inherent to working with a heritage-listed site, navigating various regulations to transform the space. Structural elements, such as lowered ceilings, were pushed back to expose the magnificent steel trusses, allowing for increased ceiling height over the lounge area. Lawless & Meyerson cleverly incorporated a main bathroom and a small second bathroomlaundry, while preserving the historical integrity of the building. One of the standouts of the renovation is the clever approach to bedroom separation. Inspired by boutique hotels, white steel and

glass doors with heavy linen curtains were installed, creating a flexible space that could be opened up or closed off as needed. So, a view of the harbour is enjoyed from every corner. The overall choice of materials and finishes reflects a commitment to lightness and elegance. Wall-to-wall carpeting was replaced with limed oak parquetry, Savannah marble graces the kitchen, and a predominantly white palette provides a serene backdrop. Simple linen sofas, complemented by chairs in canvas and chrome, adorn the living area. This resulting spacious and light-filled apartment evokes a perpetual sense of being on holiday. Asked if she would have done anything differently, Lawless cheekily responds that she should have bought the apartment herself. yellowtrace.com.au

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LIVING IN

17.9618° S, 122.2370° E

BROOME GETTY IMAGES

Ah, Broome ... where the living is easy, the beaches are breathtaking and the housing is cheaper. B y PAU LIN E M O RRIS SE Y

YOU MAY LIKE ...

Broome

In the idyllic resort town of Broome, Western

by its mild 30-degree winter days attracting

Australia, the median house price is $492,500,

those escaping cold climates. In the wet season

The Kimberley / 7 Rivergum Avenue

according to the latest Domain House Price

it shrinks to around 16,300 permanent residents.

$1.05 million+

Report. This figure may seem modest compared

“With all our warm weather, it’s only fitting that

to the costs of the east coast, but for Broome

we have some of Australia’s most breathtaking

residents, its value is just the same.

beaches to cool off at,” Cole says.

Even the town’s prestige market, with big

“Most locals will visit the beach at least once a

blocks, many bedrooms, modern designs,

day for a morning swim, a stunning sunset or an

spacious yards, and pools, generally peaks just

afternoon stroll – no commute to and from work

above $1 million – a price reserved for one to

really frees up your time.”

two-bedders in the main pockets of Sydney. So, what exactly are you getting for your money

A melding of cultures

in this fabulous tourist spot? Well, there’s the

It may be a bustling tourist spot, but Broome

town’s eternal summer vibe, breathtaking

maintains a serene vibe, delighting residents with

landscapes where red ochre cliffs meet turquoise

its humble charm. A place where people catch up

seas, and the epitome of a relaxed lifestyle.

for meals in the town’s multicultural heart,

Endless summer

Chinatown, and see a movie at the world’s oldest Private sale

operating outdoor cinema, Sun Pictures. “Broome is a cultural melting pot, evident in its

Agent: Ray White Broome,

the area in 2013 with his family to enjoy its

cuisine, festivals and community life,” Cole says.

Stephen Cole 0433 349 777

outdoor-centric lifestyle.

“It’s often easy to forget how remote we are. You

This redesigned, spacious home has raked

“Broome holds a varied crowd of long-time

can fit so much more into a day or nothing at all.”

vaulted ceilings, polished jarrah floors and high-

locals, holidaymakers who chose to stay, and

Well-known attractions like the 22-kilometre-

end features like a marble-adorned kitchen. An

families seeking a more fulfilling lifestyle, such as

long Cable Beach, famous for its sunset camel

expansive deck leads to a shaded in-ground pool.

myself,” he says. “Buyers are attracted to the

rides, are often the first image seen when

slow-paced lifestyle we enjoy and the fact that

Googling Broome. But then there are also hidden

Western Australia is simply less busy than other

gems and “unique natural phenomena like the

The West Australian

states, meaning we have more outdoor space.”

Staircase to the Moon, where a full moon rises

town attracts large

Hover your camera over the

over Roebuck Bay’s tidal flats, underscoring the

numbers of tourists but

code to see Domain listings

beauty of living in Broome”, Cole says.

remains relaxed.

in Broome

Ray White Broome’s Stephen Cole relocated to

Cole notes that during the dry “tourist” season, Broome’s population can surge to 75,000, driven

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THE PROPERTY INVESTOR

The cities where you might strike gold Sydney, the Gold Coast, Perth and Brisbane have all featured strongly in a worldwide index of high-capital-growth centres. B y SU E WILLIAMS

Sydney ranked an impressive eighth out of 46 cities in Knight Frank’s latest Prime Global Cities Index.

s a luxury home in Australia likely to prove a good long-term investment? The answer is that it all depends on where it is. If it’s in Sydney, the Gold Coast, Perth or Brisbane, it could well reap handsome dividends. Global property consultancy Knight Frank’s latest Prime Global Cities Index has revealed that Sydney’s capital growth came in at a lofty number eight across the world this year, with a rise in value of 4.2 per cent over the 12 months to the end of September. Not far behind was the Gold Coast, at number 11 out of a total of 46 cities worldwide, with a 3.9 per cent 12-month jump, closely followed by Perth in 12th place with 3.8 per cent, and then Brisbane at 15th with 2.5 per cent. Only Melbourne showed a disappointing ranking, at 26th in the field with a 0.7 per cent price rise. Top of the global list was the Philippine capital, Manila, with a mammoth 21.2 per cent growth, then Dubai at 15.9 per cent, Shanghai at 10.4 per cent, Mumbai at 6.5 per cent, Madrid 5.5 per cent, Stockholm 4.7 per cent and Seoul 4.5 per cent.

“Each of the cities’ markets has its own underlying key drivers,” says Michelle Ciesielski, Knight Frank head of residential research. “The interest rate rises of the past two years have impacted the mainstream market, but we’ve seen the prestige markets, in most cases, continue positive growth.

“Luxury homes in Sydney will always be a good investment.” “In Sydney, we’re seeing a shortage of stock and a shortage of skilled workers in the professional space so a lot of companies are bringing people over, and it’s hard to find them rental accommodation so they’re having to purchase instead.”

That lack of supply is also being exacerbated by the trend in Sydney of people future-proofing their homes instead of selling and moving somewhere else, says Ben Collier of The Agency. “We’re seeing people adding internal lifts to their homes between the levels, so they can stay there longer, so the homes that would normally come onto the market aren’t any more,” he says. “Also, we’re now seeing an influx of Chinese buyers ... coming to areas that they weren’t traditionally looking at. So, luxury homes in Sydney will always be a good investment.” On the Gold Coast, the prestige market is powering along too. Michael Kollosche of agency Kollosche says supply and demand factors there are also pushing up prices. “We have so many more people moving to the Gold Coast than we have properties available,” he says. “They can’t build more, either, as they have no one with the skills to do it. So, as one of the fastest-growing cities ... with a huge amount of infrastructure going in, prestige property there will remain a good investment long term.” Perth is another good prospect, Ciesielski says, with similar population growth and a lot of newly arrived business executives and upsizers moving into luxury homes. Looking ahead, prime luxury homes will perform even better in the years ahead, the Knight Frank research predicts, with prestige prices forecast to rise generally across the country by 3 per cent by the end of 2023, 4 per cent in 2024 and 5 per cent in 2025.

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235 Welsby Parade, Bongaree

For Sale from $2,485,000 Type Unit

"THE WELSBY" on the Waterfront – Bribie Island, QLD Positioned right on the waterfront overlooking Pumicestone Passage and the Bay. This magniﬁcent high end apartment building will offer the discerning buyer the security and exclusivity of owning an entire full floor apartment, with only 4 apartments in the building. These apartments are now for sale oﬀ the plan. Construction due to commence mid 2024. Contact the marketing agents now.

kdnorth.com.au 14 P R E S T I G E

Contact Keith Wilkins 0413 153 431 keith@kdnorth.com.au

33 North St, Woorim UNIQUE BEACHSIDE PROPERTY IN WOORIM Magniﬁcent Family Home or an opportunity for the Astute Investor. Casa al Mare is a truly unique property located in beautiful Woorim on Bribie Island which is the only East Coast Island connected to the mainland by a bridge. 45 minutes by car to Brisbane or the Sunshine Coast. Mere steps from the pure white sands & crystal-clear waters of the only surf life saver patrolled beach on the Island.

For Sale Contact Agent Type House Contact Tim Moore 0407 780 220 tim@kdnorth.com.au

kdnorth.com.au

See demand for your home Download the app

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‘Dumela’

�� - Expansive 10.2ha / 25.3 acres; pristine and peaceful with a harmonious blend of cleared, parklike grounds, well-kept paddocks and captivating natural bushland. - Secure electric gates with camera and remote access, leading to a tree-lined private driveway. - Dual level residence showcasing a barn-style aesthetic, combining contemporary luxury with warmly inviting, rustic modern charm. - Galley style kitchen, newly renovated and complete with gleaming Caeserstone countertops, an expanse of crisp white cabinetry, superior quality appliances and idyllic outlook across a covered outdoor patio to the sparkling in-ground swimming pool beyond. - Sequence of formal and informal living spaces, culminating in a captivating �� - Grand master suite with en-suite, bay windows, and private deck access on the entry level + two spacious bedrooms occupying the upper level – opening out to a large rumpus on one side and sunny, shared deck on the other. - Fully fenced paddocks spread across three tiered levels, with existing stables �� + full sized tennis court. �� house. - Separate triple garage with automatic, electric doors - designed to cater to two large vehicles + house a tractor.

bedrooms

bathrooms

car spaces

acres

FOR SALE Contact Agent VIEWING By Appointment Only AGENT Adrienn Stenner 0414 729 453

prestigeproperties.com.au