Domain Prestige - February 28, 2024

LOCATED ON THE SANDS OF NORTHCLIFFE TERRACE, ROYALE GOLD COAST REPRESENTS THE PINNACLE OF BEACHFRONT LUXURY, WITH SIX-STAR RESIDENTS AMENITY AND ELEGANT DESIGN AS ENVISAGED BY AUSTRALIA’S FINEST ARCHITECTS AND INTERIOR DESIGNERS.

Construction is well underway on the Gold Coast’s ultimate beachfront address, with over 80% sold and a limited selection of 3 & 4 bedroom residences, half-floor and full-floor penthouses remaining.

There is a running joke in the office that I always wear black. My defence is it’s timeless, polished, versatile, and easy to style. So, the same goes for interior design and architecture, right? When classic black makes its way into the home, it gets better. The impact is extreme and the mood elevated – boldly ominous and eerie in the most beautiful way. In my property journey, if I’ve ever been given the choice of a light or dark colour scheme I gravitate to the dark side every time. Despite black being a “safe” colour when it comes to fashion, Davis Architects took all the risks when designing this week’s cover property, Nox (Latin for night). The Byron hinterland beauty is awash with fifty shades of black and calmness. It’s living proof of what some property owners have been too afraid to do, so let this be your inspiration to make that extravagant choice and watch it pay off.

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Senior designer: Colleen Chin Quan

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Chief

By KATE FARRELLY

Palm Beach

Sydney 83 Pacific Road

$29 million

6 6 4

Expressions of interest

Agent: LJ Hooker Palm Beach, Peter Robinson 0401 219 077

When you picture the kind of home celebrities would choose for a Palm Beach getaway, Karala fits the bill beautifully. Delivering due-north views sweeping up the coast to Barrenjoey Lighthouse and across to Pittwater and Lion Island, the divine, 460-square-metre home has been curated by Les Interieurs, and comes with a heated pool and landscaped gardens.

Toorak

Melbourne 12 Lansell Road

$27 million-$29.47 million

Expressions of interest: Close 5pm, March 5

Belmont

Brisbane 178 Boston Road

$8.4 million-$8.8 million

Private sale

Agent: Queensland Sotheby’s International Realty, Tyson Clarke 0407 034 803

Boasting a 1009-square-metre floor plan, Palladio has the proportions usually reserved for grand public buildings. Adding to the art deco revival residence’s scale is the 6.4-metre ceiling in the north-facing living zones.

Mermaid Waters

Gold Coast 84 Oceanic Drive

Auction: 11am, March 1

Agent: Kay & Burton Stonnington, Gowan Stubbings 0412 269 999

There’s a space for every occasion at Halstead, an arts and crafts mansion designed by Walter Butler in the early 1900s. From the handsome foyer with original timber panelling to the expansive formal living room with a leadlight bay window and feature fireplace, the property exemplifies period grandeur.

Agent: Kollosche, Taylor Kleinberg 0447 466 177 Inspired by luxe Miami homes and five-star hotels, it’s easy to see why this Mason Brightdesigned property was crowned best waterfront residence in the 2023 Asia Property Awards.

GEELONG

In a prime spot close to both Melbourne and the Surf Coast, Geelong has found its place in the sun.

Bordered by shimmering Corio Bay and serving as the gateway to the captivating Surf Coast and Bellarine Peninsula, Geelong’s natural beauty is unmistakable. Conveniently close to Melbourne and a quick trip from the surfers’ paradise of Torquay, Victoria’s second-largest city was always destined to become hot property.

A foodie’s paradise, its streets brim with renowned eateries and bustling breweries.

Adding a layer of creative energy is its thriving arts scene, showcased in venues like the Geelong Art Gallery and the Geelong Arts Centre.

Not forgetting its deep roots in AFL culture, with the Geelong Cats calling it home.

Change as good as a holiday

McGrath Geelong principal Jim Cross says the city has a resilient market amid a backdrop of change and growth.

“Geelong has witnessed a significant cultural shift, becoming a prime location for families seeking a fulfilling lifestyle,” Cross says. “The city has seen among the highest rates of population and capital growth in the country over the past five years, all the while offering high-quality housing and fantastic facilities.”

According to the latest Domain House Price Report, Geelong has a median house price of $938,500 – a 0.6 per cent annual increase and a significant 22.7 per cent rise in five years.

By PAULINE MORRISSEY

“The city’s top-tier educational offerings, including … Geelong Grammar School, have always attracted families,” Cross says. “This, combined with its burgeoning status, makes it an excellent place for both living and investing.”

Creative community

Photographer Madeleine Burke moved to the area five years ago to live with her partner, Simon. Initially plotting a return to Melbourne, Burke was quickly won over by the city.

“It proved to be a great middle-ground for us, with Simon working down the coast and my commutes to Melbourne,” Burke says.

“I’m deeply thankful for Geelong’s creative circles and for providing us a wonderful setting to start our family.”

Geelong invites newcomers like Burke to settle in, whether through morning swims or a gentle kayak on the water, a brisk walk along the bay’s many tracks or through the Geelong Botanic Gardens, or perhaps a twilight sail or a Saturday race at the Royal Geelong Yacht Club.

“Raising our daughter Frankie here has been so easy, with everything just a short drive away and free from the hustle of city traffic,” Burke says.

“Some of my favourite dining spots are Felix Restaurant, The Arborist and Centra – though I’m always up for some delicious ramen takeout from Sober.”

Victoria’s secondlargest city has become a magnet for families and investors.

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Geelong

Barwon South West

18 Eastern Beach Road

$3.9 million-$4.2 million

Auction: Noon, March 2

Agent: McGrath Geelong/Newtown, Jim Cross, 0408 305 615

Elegantly restored Spanish mission-style Walbaringa Flats is a tri-level residence with a sprawling layout and spectacular views over Eastern Beach and Geelong Harbour.

Hover your camera over the code to see Domain listings in Geelong

GREG BRIGGS

Black magic

ARCHITECTURE

Black permeates this Byron hinterland home and forms a canvas on which verdant views and becalming textures are painted.

By PAUL BEST

Black isn’t only back. For Jacqui Pearce, it’s front and centre … and then some.

The newly completed five-bedroom house she and her husband built for their family of five at Talofa in the Byron hinterland is black inside and out: black facades, black interior walls, black joinery, black furniture, black soft furnishings. Move from room to room, and black richly envelops every way you turn.

“I have a real love for New Zealand architecture and that black gabled farmhouse look, with a contemporary vibe,” says Pearce,

who named the property Nox, Latin for night. “It has a real emotive pull.”

First, though, the Brisbane couple had to find the right block, which took a few years of searching in the Northern Rivers. With that box ticked, they approached local practice Davis Architects to build their home, perched on a hill with sweeping views of lush green countryside. Initially, they planned to renovate the existing house, an ordinary structure with a pitched roof, but soon realised their dream of dark, soaring gables and moody mountain-like lodges required

it to be built largely from scratch. “The project evolved,” says principal architect Ed Davis.

The easy part for the architects was orienting their design of intersecting gables to connect with the outdoors to take advantage of the vista.

A central kitchen spills onto dining and living patios abutting a pool and spa. Three of the five bedrooms overlook the hills: two have terraces, and the main suite has a large window and a free-standing bath positioned for idle gazing.

“As I see it, we have one manageable acre and 10,000 borrowed,” Pearce says.

Better use is now made of the slope (previously an undercroft), with a lower level added for a garage, media room (with views), gym (or fifth bedroom), laundry, cellar, sauna and ice bath.

“It had to be a family home first and foremost,” says the project’s design architect, Nic Raczka.

This meant shifting between grand gestures and architecture on a human scale. Raczka, for instance, points to the lower ceilings at the front that “explode” up to 4.8 metres.

When looking out, the darkened interiors help frame the scenery, like it’s a living artwork, and instil calmness within. Adding to this harmony is the highly textural nature of the black-stained, rough-sawn ironbark cladding.

There are other calming textures, too: floors of distressed limestone, so you feel them underfoot, and bluestone in the bathrooms; and white

YOUR AGENT

Will Phillips, McGrath Byron Bay

“It’s a spectacular house, unlike anything in the region. It feels as if it’s stood there forever, or for a very long time, at one with nature and its surroundings.”

Venetian plaster, which adds a softer touch, as do lighter-toned curtains and rugs.

Soaring walls of glass flood the interiors with natural light and add to the sense of space. Lighting is minimal and “I haven’t put up a single piece of artwork because the finishes and textures are the artwork”, Pearce says. She had much of the furniture built-in (or sourced by Huntress & Hound, who worked with Pearce on the interior design), and you won’t find skirting or architraves anywhere.

“It’s all corner set, which emphasises the height and cleanness,” Raczka says.

Talofa

Northern Rivers 485 Bangalow Road

$12 million

5 5 6

Expressions of interest

Agent: McGrath Byron Bay, Will Phillips 0488 508 111

While the house is a masterstroke of design and architecture, it’s first and foremost a timeless family home.

With the couple’s children flying the nest, the house may no longer be the family’s forever home, but a forever home it remains. “I wanted [it] to be timeless in nature,” Pearce says. “Not reflective of a particular period of architecture.”

Hover your camera over the code to see Domain listings in Byron Bay

739/61 NOOSA SPRINGS DRIVE, NOOSA HEADS

Designed by Paul Clout, a superlative albeit handsome residence offers a beguiling blueprint which looks beautifully to the past and future for its design credentials, by cleverly combining Art Deco’s eye-popping curvaceous lines with lavish spaces, timeless style, and never leaving glamour at the door. The design is on par with excellence with a northerly aspect, views from most rooms and has a 36m golf

course frontage which seemingly melds with the 5th and 7th holes of world class Noosa Springs Golf Course. Central to the residence, is an over generous, lofty ceilinged living/dining space, drenched with natural light, a fireplace with sandstone feature, and curved walls of glass.

Price $7.45M

4

4 3

Agent

Clare Sherwood

0402 903 733 clare@offermann.com.au

Agent

Patrick Sherwood

0413 889 130 patrick@offermann.com.au

The stage 3 tax cuts have been redesigned to ease cost-of-living pressures and may have little effect on property.

Will July’s tax cuts affect the market?

Every taxpayer will get a hip-pocket boost this year, but exactly how that might influence property investment remains unclear.

By SUE WILLIAMS

The stage 3 tax cuts due to start in July this year are unlikely to make much of a difference to property investors, according to experts.

But if they’re combined with interest rate cuts later this year, then together they could really serve to boost the market by leading to better borrowing capacity, more confidence in the long term, and higher rents.

“We’ve already seen an increase in investor activity over the past six or so months with much lower vacancies and higher yields,” says Mathew Tiller, head of research & business intelligence at LJ Hooker Group.

“With more money tipped into everyone’s pockets, that could increase buyer demand from both investors and owner-occupiers.

“It would also help borrowing capacity for investors and the serviceability of their mortgages.

“So, with the boost in buying power, we’ll probably still see the market tight but, with no movement in supply in the short term, rental growth will continue to be upwards.”

The new tax regime will see those on $100,000 a year receive a tax cut of $2179 a year, those on $190,000 and above recouping $4529, and lower earners on $70,000 receiving an extra $1429.

receive in rent and what they pay in mortgage repayments if they are highly leveraged.

In addition, other holding costs have risen steeply, such as insurance, council rates and, for some properties, quarterly strata fees.

“The extra money from the tax cuts isn’t going to move the needle in anyone’s decision to invest in property,” Joiner says. “But it might help those on lower incomes pay their rents – and, in a situation where rental vacancies are very low and rents are moving ahead very fast, that’s always a good thing.”

Borrowing capacity might improve minutely with the tax cuts but not appreciably so, believes Rebecca Jarrett-Dalton, the founder of mortgage broker Two Red Shoes.

“With the boost in buying power, we’ll probably still see the market tight.”

IFM Investors economist Dr Alex Joiner says the tax cuts alone will make little difference to the property market, since they were designed to alleviate cost-of-living pressures.

For those making a loss on their property investments, negative gearing is in place instead.

Even though rents are high in all capital cities, 13 rises in interest rates since May 2022 have increased the gap between what investors

Figures prepared by financial website RateCity found the boost to borrowing capacity might be between 4 and 5 per cent – a gain that could quickly be wiped out by rising house prices.

“The tax cuts could also dilute the gains from negative gearing,” Jarrett-Dalton says. “Then, together with rate cuts, there could be more demand, which could send prices higher still.

“That could have a negative impact on the economy and – I hate to even say it – lead to interest rates staying high, or increasing.

“But with the dilution in negative gearing, it would be interesting to see if there might be a greater attraction to different kinds of property, like ones where the cash flow is positive.

“Or there could be a shift into spending the extra money … elsewhere, like into super.”

By KATE FARRELLY

A crowning achievement in luxury

Where you can find the only completed, brand-new, five-star beachfront apartments currently available on the Gold Coast.

Deciding to sell your home and find a new one can be daunting. The worry about finding the right property can be further complicated when buying off the plan.

Will the property be completed on time or will delays throw your plans to sell and relocate into turmoil?

On the Gold Coast, the supply of completed, brand-new apartments is diminishing, says Yutao Li, general manager of developer AW Jewel. “Buyers do their market research and they find out that most available developments are off the plan, so they can’t see the finished product first-hand to get a true feeling of the quality of the design and finishes,” he says.

Li believes this is just one of the reasons why buying an apartment in Jewel Private Residences is so compelling.

It’s an absolute beachfront collection of three impressive, gem-like towers with an international five-star hotel, The Langham Gold Coast, taking up the central tower.

Jewel Private Residences has struck a chord not only with interstate buyers either moving to the Gold Coast or seeking a glamorous holiday home, but with local downsizers thrilled to be able to sell their high-maintenance home and move quickly into a luxury apartment.

“They may have a contract for selling their own house, and they need a development that is ready to move into today,” Li says.

“It means they don’t need to rent a house somewhere else for maybe two or three years waiting for a development to be constructed. Jewel is a perfect fit for them.

“And, for investors, their return on investment will happen on day one when they settle.”

Settlement can take as little as a week for buyers whose finances are readily available.

“We’ve had a range of people who have purchased and moved in after just seven days,” says TOTAL Property Group managing director Adrian Parsons, who managed the sales of $200 million worth of property at Jewel Private Residences in 2023.

“It’s so rare to have a new apartment that is actually available for you to move into immediately, so Jewel Private Residences stands out for that reason alone.

“There’s no need to wait for the development to be constructed; you can literally move in within a week and start enjoying all of the facilities and the lifestyle.”

Now, the cream of Jewel’s offerings, the Diamond Collection, is on the market.

“Just before Christmas, we launched a limited release of only 15 apartments within the Jewel Private Residences Diamond Collection, which

is the south tower and the absolute beachfront building,” Parsons says.

“It has direct connectivity to The Langham Gold Coast and the wide range of five-star amenities plus shared access to a 20-metre indoor magnesium swimming pool and a fully equipped 262-square-metre gymnasium overlooking the beach, plus a sauna.”

Five fully furnished display apartments are open for viewing within the Diamond Collection tower, giving potential purchasers first-hand experience of what they can expect from Jewel Private Residences.

Residents of the tower will have access to a professional concierge team seven days a week, which will assist with things like moving in, cleaning, restaurant recommendations and laundry services.

“The Diamond Collection tower is unique as it has a dedicated concierge providing a premium range of services,” Parsons says.

“It is the only true and genuine concierge service available to private residences on the Gold Coast. No other private residential apartments on the Gold Coast currently offer this level of concierge services.”

Famous as the lifestyle capital of Australia, the Gold Coast property market will continue to perform strongly, particularly in the lead-up to the 2032 Olympic Games, Parsons says.

“The number of available, completed properties on the Gold Coast is in very short supply, and demand is at an all-time high,” he says. “At the same time, we have a shortage of builders to build new developments that have been sold off the plan. So, there is a natural pressure on prices to rise.

“We believe the market will continue to be very strong, based on the Gold Coast’s appeal.”

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Developer: AW Jewel

Prices: $1.6m-$7.5m

Completion: Ready

Agent: TOTAL Property Group, 1300 552

Residents of the Diamond Collection tower will have access to a professional concierge team.

Award Winning Heritage Masterpiece and Unmatched City Views

4 2 Land Size 1,892sqm 3

For the rst time in almost 90 years, landmark Windsor Hall is offered for sale presenting a unique opportunity to acquire a beautiful 1904 heritage mansion in the prestigious Perth suburb of Mount Lawley. Situated on a massive elevated 1892 m2 block (approx), this stunning Free Federation style residence boasts voluminous rooms with soaring three-metre-high ceilings, exquisite decorative cornices and character ceiling roses, ornate replaces and jarrah oors. Wrap around verandahs offer stunning views of city skyline Upstairs three generously-sized bedrooms, and a self-contained 1x1 apartment presents opportunities for separate living, rental income, or seamless integration into the home.

After a meticulous restoration in late 2023, this award-winning property is ready to welcome a family, heritage enthusiast, or savvy investor eyeing the potential of a prime, sub-dividable block in a locality boasting high-quality residential, educational and medical zoning.

This brand-new masterpiece offers the ultimate trifecta: entertain in unparalleled style, lock and leave with peace of mind, or simply bask in the tranquility of your own private retreat set against a backdrop of everchanging sunsets.

With unrestricted ocean views North and South and West through iconic Norfolk Pines to Rottnest, this home stands as a testament to architectural ingenuity and is without a doubt one of the most extraordinary properties ever available in Cottesloe. Experience the epitome of coastal livingwhere privacy, luxury, and panoramic ocean vistas converge in perfect harmony. From every angle this home is a wonder.

For more details please contact Tim Caporn on 0406 300 828 or Justin Davies on 0419 909 350.

By Appointment Only

0419 909 350

justin@spacerealty.com.au

0406 300 828

tim.caporn@raywhite.com

A never to be repeated opportunity to acquire this absolute waterfront development, in Sydney's elite lower North Shore

A prized blue-ribbon parcel of amalgamated deep waterfront land, occupying a total of 3,345 sqms. A rare opportunity to create and develop a luxurious gated waterfront complex. The asset benefits from an extensive and comprehensive Development Application lodged with North Sydney council. Plans by internationally acclaimed architect Koichi Takada and a local team of esteemed consultants. The lodged plans comprise of 1 x 2 Bedroom Apartments, 4 x 3 bedroom apartments, 1 x 4 bedroom apartments and 4 x 4 bedroom waterfront homes. The pending plans are elegant and exquisite in every form and design, capturing very essence of Koichi Takada's DNA and is destined to be a landmark development. Each property has been designed to encapsulate spectacular panoramic water and harbour views.

Steven Chen 0412 959 959

stevenchen@theagency.com.au

Kingsley Yates 0411 875 017

kingsleyyates@theagency.com.au

184b-190 Kurraba Point Road, Kurraba Point

F 3,345 SQM

Expressions of Interest

Closing Friday 1st March 2024 at 4.00pm

View By Pre-arranged Appointment