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$12 million Toorak purchase by Kirby Roadshow family

July 16, 2015, 5:30 am
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Nina Kirby Aberdeen - from the Village Roadshow family - has emerged as the $12 million buyer of an imposing Toorak trophy home, Pin Oaks.

The Illawarra Crescent, Toorak home has a Georgian design, hidden from the street behind a screening hedge.

The home sits on a 2002 square metre block.

5 Illawarra Crescent, Toorak. Pool, tennis court, rose gardens and climbing plants are al

The Toorak home comes with pool, tennis court and rose gardens in Paul Bangay designed gardens

Its reception hall comes with parquetry floors and a void opening up to the roof of the second floor. 

Title Tattle recalls Marshall White offered it in early 2014 with Kay & Delany then listing it in late 2014, with delayed settlement paperwork lodged just last month.

 

 

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Architectural gem Orb House, Kew returns to market

July 24, 2015, 7:31 pm
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Orb House in Kew, the noteworthy Bojan Simic Architecture-designed contemporary home, has been relisted for sale.

It last sold for $4,928,000 in late 2014. It's latest price guidance is $5 million plus through GreenLand Property Group whose marketing is aimed at the Chinese.

"Orb House is located in the Kew region of Melbourne, one of Melbourne’s oldest and richest of the rich areas, historic, just 5 km from the city centre, south-east of Melbourne," it suggested..

It has been listed by Chinese buyers, James Tan and Liping Liu from Applecross, Perth who set up Treasure Prosperity Pty Ltd as their purchasing company.

It first sold for $5 million in early 2011.

Set high on the hill in Kew, it was built during 2009 by WAF Constructions on its 582 square metres block at 52a Molesworth Street.

It is four bedrooms and five bathrooms, with 495 square metres of space with a facade a huge wall of glass. There is a giant circle cut-out on the wall behind and a staircase forming an exaggerated zigzag below. 

It was shortlisted for the Australian Institute of Architects 2010 Victorian Awards.

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Monomeath Avenue, Canterbury's new $12.08 million record European chateau sale

July 24, 2015, 8:05 pm
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A record $12.08 million has been paid for a trophy home on Canterbury's Monomeath Avenue.

The sale price of 12 Monomeath to Yi Qian came on recent settlement of the three level trophy home, lift-accessed from its eight car basement.

It is a Phillip Mannerheim designed home, with interiors designed by the late Stuart Rattle, within Paul Bangay gardens. 

The six bedroom, six bathroom home sold through Kay & Burton agent Scott Patterson in conjunction with Melbourne Deluxe Real Estate agent Paul Pfeiffer.

The prior known record was $12 million for another trophy home on Canterbury's Monomeath Avenue.

Ross Savas at Kay & Burton described it (below) as a majestic residence reminiscent of European chateaus.

It came with a pool and north/south tennis court, and even vegie and herb gardens.

It bettered a $10.6 million Canterbury record set just one week earlier on Mont Albert Road.

The $12 million purchasers were Hongmin and Lifang Wang who bought from Mark Waldron.

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$6 million Hunters Hill trophy home tops the nation's sales

July 27, 2015, 6:00 am
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The country's top 10 sales were topped this week by a tightly held Hunters Hill trophy home, according to CoreLogic RP Data. It last sold at $3.89 million in 1989.

It was listed in early May through Ray White.

The weekly top 10:

1 Fern Road, Hunters Hill, NSW, 2110, five-bedroom house, sold on July 22 by Ray White Lane Cove for $6 million

28 Livingstone Street, Burwood, NSW, 2134, three-bedroom house, sold at auction on July 25 by Rich & Oliva Croydon Park/Burwood for $4.005 million

90 Albyn Road, Strathfield, NSW, 2135, eight-bedroom house, sold at auction on July 25 by Strathfield Partners Strathfield for $3.85 million

12 South Street, Strathfield, NSW, 2135, five-bedroom house, sold at auction on July 25 by Georges Ellis & Company Strathfield for $3.75 million

3 Harrington Avenue, Warrawee, NSW, 2074, five-bedroom house, sold at auction on July 25 by L J Hooker Wahroonga for $3.75 million

5 Wolsten Avenue, Turramurra, NSW, 2074, five-bedroom house, sold at auction on July 25 by L J Hooker Wahroonga for $3.3 million

10 Clifton Avenue, Burwood, NSW, 2134, six-bedroom house, sold at auction on July 25 by Rich & Oliva Croydon Park/Burwood for $3.182 million

16 Jenner Street, Seaforth, NSW, 2092, five-bedroom house, sold on July 22 by L J Hooker Seaforth for $3.1 million

110 Mountain View Road, Balwyn North, VIC, 3104, four-bedroom house, sold at auction on July 25 by Christopher Russell & Associates Boroondara for $2.93 million

28 Pacific Parade, Manly, NSW, 2095, four-bedroom house, sold on July 24 by Cunninghams Property Balgowlah for $2.875 million

 

Source: CoreLogic RP Data

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Sandringham's 1895 Italianate trophy home, Espedair for sale

July 27, 2015, 6:06 am
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The 1895 Italianate-style Sandringham trophy home, Espedair - complete with tower - comes with $5 million plus hopes. 

Espedair sits on a 1665-square-metre block, behind automatic gates and with a curved driveway. 

The formal front rooms come with a 4.5-metre-high ceilings, some pressed-metal, along with bay window and fireplaces.

It last traded for $1.9 million in early 2002.

The price hopes will see it excede the highest recorded house price in Sandringham over the past 12 months - $4.65 million for 21 Pellew Street, Sandringham, set some 16 kilometres south-east of the CBD. 

Offers for the 114 The Crescent property close August 27 with Kay & Burton's Bert Geraerts.

It was once offer as part of the bankrupt estate of the Toohey & Wimpole solicitors in 1930.

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Lowanbrae, Burradoo sale highlights unseasonal Southern Highlands activity

July 27, 2015, 6:13 am
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Lowanbrae in Burradoo has sold at an undisclosed price through Drew Lindsay Real Estate, in a sale that highlights unseasonal NSW Southern Highlands activity. 

The 1920s walled garden estate was initially listed by International Publishing Group's chief Philip Greader in 2012 for $5 million.

The most recent price guidance was $4.5 million-plus.

It last traded in 2005 for $5.65 million when sold by the Tyree family who bought the two-hectare estate since in 1978 paying $122,400 to solicitor John Read.

The Burradoo Road property, with a gated entrance garlanded annually in wisteria, has a six-bedroom house set in English-style gardens with a tennis court.


"Lowenbrae" in Burradoo has sold after a while on the market.

 

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Mist at Exeter sold

July 27, 2015, 7:14 am
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Mist, the Exeter trophy home of the corporate lawyer and mining executive Chris Hagan, has been sold, in a sale that highlights unseasonal NSW Southern Highlands activity. 

No price reveal, but it was listed with overly ambitious $2.7 million plus hopes.

The eight hectare estate with four bedroom, three bathroom house at 169 Ringwood Road had been listed through McGrath agent Anne Stone in conjunction with Drew Lindsay of Drew Lindsay.

The house was built in 2013.

Title Tattle gleans the sale was a tad less than $2 million.

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110 Wolseley Road, Point Piper still tops 2015 prestige listings

July 28, 2015, 5:31 am
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Harbourfront 110 Wolseley Road, Point Piper which hit the market last with ambitious hopes, sits on the market.

It had $37 million plus hopes soon after early 2014 saw four prestige house sales above $30 million in Point Piper.

But despite the boom - which has almost bypassed the top end - and the low Australian dollar - the Point Piper prestige market has likely gone back a gear. 

110 Wolseley is the home of Karyn Zamel, wife of mining engineer Gary Zamel, who are downsizing locally.

They have it marketed through Bart Doff at Laing & Simmons inconjunction with Michael Pallier of Sothebys International. 

The three level Wolseley Road home with its jetty and pool has postcard perfect views of the Harbour Bridge.

The Zamels bought the home from Lachlan and Sarah Murdoch in 2005 for $20.6 million.

The Murdochs had paid $12 million for the trophy home in 1999, the year they married, when it was bought from the US-born mining entrepreneur Robert Friedland.

Title Tattle's memory of the property goes back to 1988 when Villa Ulivi, as it was known, was sold for $8.8 million by Florence businessman Carlo Cobianchi to then medico John Bannister.

Villa Ulivi was the precurser to the current house designed by the late Richard Christian for the US-based mining tycoon Leonard Green and his Australian-born wife, Emese.

The house had been completely rebuilt with Richard Christian-designed plans since it was sold in 1991 by then Macquarie Street orthopaedic surgeon Dr John Bannister for $6.5 million.

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Port Douglas trophy home Cottonwood listed

August 4, 2015, 6:25 am
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The Port Douglas trophy estate Cottonwood, built on a 4.75 acres, is listed for sale at $7.95 million.

Cottonwood, located 10 minutes from Port Douglas, was remodelled in 2010 and features a split level homestead with three bedrooms, an open plan living area with verandah and a guest house. 

The guest house has two king sized bedrooms with ensuite. The property features a swimming pool with timber decking and a shed complete with amphibious boat.

Sellers Jane and David Lucas currently reside in Nelson, New Zealand and are selling Cottonwood and another Port Douglas home on Island Point Road to fund the restoration of a London manor. The purchased Cottonwood in 2009 from the family of a cane farmer who purchased the land in the 1940s.

The couple also own undeveloped land in nearby Four Mile Beach with DA approval to build  seven residential beach front blocks and a gated community as well as a second block zoned for a resort.

The estate is listed for sale with Barbara Wolveridge of Raine & Horne Port Douglas and marketed by Lynn Malone.

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Moorish Alcooringa, Bellevue Hill for sale

August 5, 2015, 5:41 am
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The 1930s Moorish style Alcooringa has been listed for sale.

Complete with ballroom, the Bellevue Hill trophy home overlooks a large terrace with views of the harbour.

It is a F. Glen Gilling-designed house on Victoria Road. Alcooringa is an Aboriginal word which means dreamtime.

More than $25 million is tipped for the house that also comes with a private chapel with vaulted ceiling, installed by a devout former owner.

For a long time it was Maurice Moubarak until he sold in 1994 for $2.9 million to medico Louis Klein.

The property co-listed with Brad Pillinger of Pillinger and Ken Jacobs of Ken Jacobs Christies International Real Estate. 

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James Packer and Erica Baxter sell Vaucluse trophy La Mer

August 5, 2015, 8:06 am
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Australian billionaire James Packer has sold his Vaucluse trophy home La Mer for $60 million plus, the highest price ever paid for an Australian property.

La Mer is believed to have been sold to an Australian resident and is not under Foreign Investment Review board scrutiny, according to The Daily Telegraph.

The buyer is reputedly the Australian-Chinese billionaire businessman Chau Chak Wing, best known for his donation to build the landmark Frank Gehry-designed Dr Chau Chak Wing Building of the University of Technology, Sydney.

The Vaucluse home was built by James Packer and ex-wife Erica Baxter who briefly moved in on its 2013 completion.

The property has six bedrooms, gymnasium, a 20 car garage and 20 seat cinema.

The non-waterfront sale tops the Australian high of $57.5 million set in 2009 for a Perth riverside compound sold by mining heiress Angela Bennett.

The Sydney record of $52 million was set in 2013 when Chinese businessman Wang Zhijun bought the Point Piper waterfront Altona.

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Hawthorn East trophy home offer

August 6, 2015, 5:20 am
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Indi Madden, whose family owns the Mitre Tavern in the Melbourne CBD, and her husband Bryan Madden – managing director of fund management firm Brookline Partners – have listed their Hawthorn East home.

More than $2.8 million is tipped for 21 Selwood Street which with an understated contemporary style, has city views.

Kay & Burton agent Nicole Gleeson has a scheduled August 22 auction.

It traded at $2.2 million in 2007 when bought from Felicia Leoncelli, the former senior artist with the Australian Ballet Company, and wife of estate agent Andrew Leoncelli.

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Leura, the trophy home Bellevue Hill spring 2015 offering

August 9, 2015, 5:34 am
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Businessman Ken Allen and wife Christina have listed one of Sydney's finest estates, the 1891 Bellevue Hill mansion, Leura.

It comes with initially $30 million plus advisory.

Some 29 years since last sold, the tightly held home has just had the six owners through its 125 years.

Its listing is perfectly timed as leading eastern suburbs agents are complaining there's simply not enough prestige property to satisfy the latent spring market demand.

Set on 4,260 square metres Leura is a trophy home unparalleled in grace, style and historic significance.

It was built on the Bellevue Hill ridge line for the Knox family, of the then burgeoning Colonial Sugar Refinery empire. The middle aged Tom Knox had Leura, and his older brother, Edward had nearby Rona, probably both designed by the same architect, Walter Vernon Liberty. Tom Knox, who had married into the Victorian pastoralist Ritchie family, was the managing director of Dalegty, the stock and station agency.

Those pioneering Knox brothers chose the hillside panorama long before Sydney Harbour’s famous icons, partly because of the unsanitary conditions down on the water's edge.

"It is a monument to the Federation Queen Anne style of architecture from the era," Ray White Double Bay listing agent Michael Finger says.

Finger's Ray White colleague Di Wilson says the property was purchased in the mid-1950s by Cranbrook School for boarders.

With privacy at the very end of a circular driveway off Victoria Road, the eight bedroom home combines traditional opulence and modern design. There's a tennis court and resort swimming pool...and private level lawns overlooked by wide north facing verandahs. 

It last traded through Michael Finger in 1986 for a then very impressive $7.3 million when sold by the top end home restorer Bill Shipton, who'd engaged building designer, Roderick Learoyd, trained at the Oxford School of Architecture, to assist in its renaissance.

The 1986 sale to the New Zealand businessman heralded the brief mid-1980s trend of Kiwi entrepreneurs crossing the Tasman to try their luck in Sydney, all with trophy home acquisition to boot. They included the Goodman Fielder Wattie chairman, Pat Goodman who secured another Shipton home, the 1917 Double Bay mansion, Verona. 

Most departed after the 1987 stockmarket crash, with Sydney not ever seeing the likes of Sir Frank Renouf, John Spencer, Rod Petricevic and Colin Reynolds again.

The calendar company patriarch Ken Allen and his wife, Christine, have homes in New Zealand and London.

This article was first published in The Sunday Telegraph.

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Edward Jewell Tait sells Two Gates Farm, Robertson

August 9, 2015, 10:50 am
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The Credit Suisse head of private banking Edward Jewell-Tait and his wife, Jo didn't stay long in the Southern Highlands. 

Two Gates Farm, their 40-hectare property bought at Robertson for $4.55 million in 2014 from the former World Cup winning Wallabies coach Bob Dwyer and his wife, Ruth, has been resold. 

The Richard Rowe-designed pavillion-style house in Annie Wilkes-designed gardens fetched $4.7 million this time.

The eight month gap saw the highlands kick quite nicely especially in activity.

This article was first published in The Saturday Daily Telegraph.

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Record Turramurra trophy home sale

August 10, 2015, 5:11 am
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A six-bedroom, four-bathroom Turramurra sold for $5,105,000, $305,000 over the reserve at weekend auction, a suburb record.

Robert Ward of LJ Hooker Wahroonga said there were five registered bidders.

Three were Asian buyers and two were local, and a local Dutch couple who'd lived in Wahroonga for about 10 years secured the propety.

The 40 Ku-Ring-Gai Avenue house was originally built in 1898 on one of the north shore's finest streets and was last renovated in 2009.

The near 2000 square metre holding has a tennis court and a pool. It last sold in 2006 at $2.95 million.

Originally built in 1898 it was first renovated by Slayter & Cosh Architects in 1902. The property was further renovated by Arthur Stanton Cook Architects in 1929 and again by the current vendors in 2009 through Lindsay Little Architects. 

Property Observer gleans the prior record was $5 million.

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Tenders open for Port Douglas trophy listing

August 10, 2015, 6:16 am
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Whitehorse Resort developers Barry and Di McGinn have put their Port Douglas trophy home on the market with $4 million plus hopes.
 
The contemporary Queenslander, at 2 Murphy Street was built in 1995 and has five bedrooms built over three levels and is open for tender until August 12.
 
The home has wraparound verandahs, guest quarters, and an open plan living area overlooking a swimming pool and the Coral Sea.
 
It is being sold through David Cotton, Raine & Horne Port Douglas and marketed through Lynne Malone.
 
 
 
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56th floor penthouse listed in Collins House

August 10, 2015, 8:38 am
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A two-storey three bedroom penthouse located on the 56th floor of Collins House in Melbourne's CBD has been listed with $6.88 million hopes.

Four sub-penthouses are also available sized between 213 to 225 square metres. The 245 square metre penthouse, located on 466 Collins Street, was designed by architects Bates Smart features floor to ceiling glass providing 180 degree views of the CBD, the Dandenongs and Port Phillip Bay.

The three bedroom sub-penthouses, located on floors 54 and 55, take up half a floor and are available at an asking price of $3.5 million each. Both the penthouse and sub-penthouses feature marble wall fireplaces, timber herringbone flooring and opulent marble kitchens.

The $200 million development is due to be completed 2018 and will feature 263 luxury apartments.

Collins House is being developed by Asian Pacific Group in conjunction with Golden Age Group.

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Angela Fleming sells Point Piper prestige apartment

August 11, 2015, 5:01 am
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Angela Fleming, the widow of the late grocery tycoon Jim Fleming, hasn't stayed long on the Point Piper harbourfront.

She bought mining executive Ian Stolyar's Point Piper apartment (photographed on sale) for $12.3 million in late 2013, but quietly sold it recently.

She secured $13.5 million from motorcycle dealer Robert Cassen through LJ Hooker Bill Malouf.

Angela Fleming had beaten off the Maloney hotelier family to secure the Point Piper apartment. 

Since her husband's death, Angela has sold Donnington Grange, with its so-called classic neo-Georgian pedigree atop Bellevue Hill, for $19 milion in 2014.

Anakela, their Palm Beach beachfront, near Sand Point, sold to the Uncle Tobys founder Doug Shears in 2007 at a record $15 million. 

Hawaii is her much loved preference these days having often holidayed there with Jim.

Nicknamed "The Grocer", Jim Fleming married Angela Yang in 1994. His first marriage had ended in 1982 to the model Lois Wherrett who after marrying in 1955 had three sons, Lee, Dean and Paul. 

Lois Wherrett was in a lesser known, but none-the-less, quintessential 1954 Max Dupain photograph with Hugin sewing machine in a Sydney street.

The Fleming family matriarch, Lois Fleming has recently listed her Ken Woolley-designed Darling Point The Point Villas apartment which was bought new in 2002 for $5,375,000 from developers Bill Shipton and Mark Bouris. It has been listed for August 27 auction through Raine & Horne's Max Spartalis and Aaron Fleming, the grandson.

Easily more than $8 million is expected. 

The article was first published by the Saturday Daily Telegraph.

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Babworth, Darling Point trophy apartment sale

August 11, 2015, 5:05 am
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Jane Clarke, the widow of the late Macquarie Bank co-founder David Clarke, is set to depart her apartment in the Arts and Crafts Darling Point mansion, Babworth House, almost two years after its listing. 

It came with overly ambitious $20 million expectations, finally selling to developer Denis Ellerker at around $11.5 million.

It had been relisted earlier this year with $12.5 million hopes.

After it was bought by the Clarke's in 2003 for $8 million, architect Michael Suttor and designer Michael Love collaborated. 

Seems thankfully there's no sales commission to be paid by the executors with the deal done direct.

Ofcourse the art collection that lined the walls of the former 1915 home for retailer Sir Samuel Hordern were sold recently at top prices.

This article was first published in The Saturday Daily Telegraph.

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Hamilton Hill's 1905 Queenslander, Cremorne listing

August 12, 2015, 6:13 am
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Cremorne, one of Queensland’s most significant heritage homes at Hamilton Hill, has been listed for sale.

The 1905 Queenslander home, the only Brisbane example of the domestic work of renowned architects Eaton and Bates, sits on a 2,435 sq m holding. 

It is for sale for only the second time in over 100 years through Sarah and Damian Hackett of Place Estate Agents who are seeking offers over $7 million.

The prized, near riverside at 34 Mullens Street has been listed by Genny Neilson who has lived at Cremorne with the family since 1998.

Three generations of the O’Connor family lived at Cremorne before the home came onto the market for the first time since sold at $850,000 in 1998 with pavilion extensions and renovations by Brian Donovan from the then firm Donovan Hill now BVN.

Sydney-trained architects George Thomas Eaton and Albert Edmund Bates formed a partnership in Rockhampton in 1894 and developed a successful Central Queensland practice with branch offices established at Mount Morgan and Longreach by 1898, Clermont in 1900, Gladstone in 1901, Maryborough in 1902, and Townsville by 1902. Arthur Beckford Polin of Sydney joined the partnership in Townsville in  1901, as Eaton, Bates & Polin.  

They opened in Brisbane in 1902.

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