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746 Ventnor Road, Ventnor, Trenavin Park, Phillip Island DREAM HOME

Phillip Island has recorded its first residential property sale of more than $8m, setting a historic benchmark for the region.

Trenavin Park, at 746 Ventnor Road, sold for an undisclosed price “in excess of $8m”, according to Prestige Homes of Victoria principal Sean Cussell.

“It set a record price for the island after sold the night before (stage three) lockdown,” Mr Cussell said.

“The sale was brought to a head very quickly and it sold to a local Phillip Island resident.”

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The incredible property has its own surf break.

The main Arts and Crafts manor.

The estate sold a month ahead of its expressions of interest campaign closing date, with settlement expected to be completed this week, he added.

It’s understood the property was snapped up by biopharmaceutical company Immuron’s executive chairman Peter Anastasiou, who previously sat on the Melbourne Victory board.

Mr Cussell would not comment on the identity of the buyer, but said they planned to use the 33.76ha property as a family home.

The property sold for more than $8m.

The old San Remo Church is also on the property.

Classic interiors are part of the package.

The incredible farm, which features a private beachfront and a century-old chapel, has held the Phillip Island record sales price since it sold for $4.25m in 2008, which CoreLogic shows.

Mr Cussell described the five-bedroom estate as “the ultimate Australian beachfront rural property with breathtaking views”.

“It’s pretty rare — there aren’t too many times you get to buy a property with its own surf break,” he said.

“It is one of the most beautiful homes on the Bass coastline, with so many people who don’t even realise it’s there.”

Modern features are also included.

The property was recently renovated.

Beach house vibes inside a grand estate.

The property was settled by brothers John and William McHaffie in 1842, as the first homestead on Phillip Island.

In 1923, Albert and Eleanor Sambell built the Arts and Crafts-style manor that stands today in place of the McHaffies’ homestead.

Mr Sambell went on to become the founder and first president of Phillip Island Shire Council, Victorian Collections records show.

Incredible views from the elevated block.

The historic farm is Phillip Island’s most expensive sale.

Inside the church, often used for weddings.

Recent renovations have been undertaken to the main manor, which was built from locally sourced bricks and Welsh slate roof tiles.

The 1906 San Remo Church, which was used by the vendors as a wedding and events venue, and the three-bedroom house called The Cottage, were transported to the site about 30 years ago.

Other additions on the sprawling block include a tennis court, fenced paddocks, dams and storage sheds.

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Contact Brooke at brooke.grebert-craig@news.com.au

The post Phillip Island record: Ventnor dream home sells for more than $8m appeared first on realestate.com.au.

Serious coin is still being spent on Melbourne properties, despite a shocking drop in sales stock.

There were just eight sales from 15 auctions reported to the Real Estate Institute of Victoria last week, but private deals have secured some impressive results.

A new street record in Sunbury was set by 28 Twin Creek Court, which changed hands for $999,995.

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28 Twin Creek Court, Sunbury sold for close to $1m.

Inside the family home.

Blackbird & Wren sales manager Mary Roberts said a buyer from the city bought the property sight unseen.

“With a vast number of our previous buyers having come from out of the area, we were already well equipped to facilitate remote buyers,” Ms Roberts said.

“So in some ways it was business as usual for us.”

Buyers were attracted to the space Sunbury properties typically offered, Ms Roberts said.

A buyer living closer to Melbourne bought the home.

The agency had noticed a spike in city buyers “looking for some more space to spread out” since the pandemic started this year, she said.

“With Sunbury still representing tremendous value compared to our surrounding areas, coupled with the beautiful semirural lifestyle on offer, it is becoming an increasingly compelling option for buyers” Ms Roberts said.

“We anticipate prices will continue to rise as we exit lockdown.”

In Toorak, a historic 1930s mansion also scored one of Melbourne’s biggest sales results.

Sunnyfjord, at 81 St Georges Road, sold “in the vicinity” of its $6.5m asking price, according to Jellis Craig Boroondara agent Damien Davis.

“It has been on the market for a while, going on and off at every stage of lockdown,” Mr Davis said.

“The buyers had seen it a couple of times before lockdown, but needed their own house sale to settle before making an offer.”

81 St Georges Road, Toorak has sold for more than $6m.

Inside the historic mansion.

A tennis court is part of the huge property.

CoreLogic shows it was the first time the property sold since its last $487,000 deal in 1982.

Mr Davis said the vendors were thrilled to get a result during stage four restrictions.

A Seddon house sale also went unconditional this week, securing one of the most impressive prices in the inner western suburb this year.

The six-bedroom family home at 48 Hobbs Street sold for an undisclosed price, which Biggin & Scott Yarraville agent Matthew John confirmed was comfortably within the $2.1-$2.3m price guide.

48 Hobbs Street, Seddon sold this month.

It has changed hands for more than $2m.

“It’s by far the biggest sale price in Seddon this year, well over double the suburb’s median sale price, and it’s also the only sale above $2m in Seddon in 2020,” Mr John said.

“It was sold by a downsizing family moving out to the country and bought by a local family from Footscray with young children..”

The upsizing buyers were able to view the property just a week before the ban on private inspections, he added.

The buyer was able to inspect the property just before lockdown restrictions tightened.

“They would have liked to go through a few more times, but they were impressed enough with the initial viewing to make an offer,” Mr John said.

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The post Melbourne lockdown: Major sales in Toorak, Sunbury and Seddon during stage four restrictions appeared first on realestate.com.au.

Jake Trbojevic has bought in Narrabeen. (Photo by Ian Hitchcock/Getty Images)

The property loving Manly Sea Eagles star Jake Trbojevic has bought ­another property on the northern beaches. And it’s back in Narrabeen, where his real estate purchasing began six years ago.

He’s just spent $1,555,000 on a garden apartment in the modernised The Bathers block, just off the beach.

The 260sqm unit comes with oversized glass doors leading to an alfresco ­entertaining space, with level lawn.

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Jake and Tom Trbojevic are keen property investors. Picture: Brett Costello

The home originally sold for $550,000 in 1999.

There are two bedrooms and two bathrooms, as well as two parking spaces.

The unit has nearly trebled in price since it sold off the plan for $550,000 in 1999, a year before the block of 10 was ­completed.

Upstate agents Lachlan Yeates and Kirsten Bertram secured the sale.

Jake bought his first property in 2014.

It’s the first property purchase for a Trbojevic for two years when Jake and brother Tom each spent $964,000 on a house and land ­package in the same Warriewood ­development.

Jake, the elder of the two brothers by two years, got on to the property ladder first in 2014, spending $680,000 for a two bed in Narrabeen.

The post Manly Sea Eagles star Jake Trbojevic buys Narrabeen apartment for $1.555m appeared first on realestate.com.au.

One of Darwin’s oldest caravan park sites, built on a prime piece of northern suburbs land, has been sold to a mystery local buyer for more than $8 million. Picture: Che Chorley

ONE of Darwin’s oldest caravan park sites, built on a prime piece of northern suburbs land has been sold to a mystery local buyer for more than $8 million.

The sold sign went up on the 12 hectare Malak and KOA caravan park sites on McMillan’s Road at the weekend.

They were sold by Colliers International for long time Territory caravan park owner and developer Frank Morandini, who owns the Club Tropical Resort and Lee Point Caravan Park.

One of Darwin’s oldest caravan park sites, built on a prime piece of northern suburbs land, has been sold to a mystery local buyer for more than $8 million. Picture: Che Chorley

Colliers International commercial agency director Craig Inkster said the sale was an encouraging sign of confidence in the Malak Caravan Park’s future tourism potential.

“It is a commanding piece of real estate on two adjoining sites,” Mr Inkster said.

“We had a very strong response to our campaign, despite the fact we were running the campaign through the COVID pandemic. That speaks to the quality of property.

“It’s a facility with a lot of potential now that borders are slowly re-opening … we’ve achieved a good result in tough times.”

The property is adjacent to Darwin International Airport and approximately 14km from the Darwin CBD.

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The Malak caravan park has 192 powered ensuite sites and the KOA Caravan Park has 132 powered ensuite sites, interconnected by an internal network of sealed roads and grassed, landscaped grounds.

At the front of the property there is a three level reception facility featuring office, shop, laundry, toilet and managers residence.

Mr Inkster said more than half a dozen showed interest in the sites which was worked down to a short list.

“I think while the tourism industry is struggling with COVID more than most other industries, one sector of that industry that stands to do better and recover quicker is the self-drive market,” he said.

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“That’s probably part of the reason we have achieved the result we did.

“With the current border situation we could be in for a better drive market wet season than we would normally have in years gone past.

gary.shipway@news.com.au

The post Mystery Darwin local buyer snaps up Malak Caravan Park for $8 million appeared first on realestate.com.au.

A TASMANIAN rental property advertised as “not in the best condition” with visible wall stains and decaying paint has triggered calls for stronger enforcement against landlords offering substandard housing.

Recently listed on realestate.com.au is a two-bedroom, one-bathroom house for rent at Beach Rd in Kingston with a $270 per week asking price.

The rental offering, priced far below Kingston’s $500pw median rental price, is promoted with a price point and location aimed at offsetting its condition and appearance.

Two bedroom Beach Rd, Kingston, rental property with visible wall stains and decaying paint advertised as “not in the best condition”.

“This small two bedroom cottage is not the best looking house or in the best condition but it is in the best spot and would suit someone looking for a lifestyle with cheap rent,” the rental listing reads.

“It has two bedrooms and a separate lounge. Pets are per application and the yard is fully fenced. It will be a 12 month lease.”

Beach Rd, Kingston, rental advertisement.

Photos of the property show decaying paint on the building’s exterior and inside walls and skirting boards.

Stains, consistent with the appearance of mould, are shown on walls in one of the rooms.

The Residential Tenancy Act 1997 states all rental properties must be clean and in good repair when the tenant moves in.

Two bedroom Beach Rd, Kingston, rental property with visible wall stains and decaying paint advertised as “not in the best condition”.

Tasmanian Tenants’ Union solicitor Ben Bartl said landlords can be fined up to $8700 if a property it’s found a property isn’t clean or in good repair.

He said a lack of rental options was leading to Tasmanians settling for substandard living.

“The Tenants’ Union receives a lot of calls from tenants who live in substandard housing,” he said.

“Unfortunately, the lack of affordable rental properties, particularly in Hobart, means that many tenants would rather put up with substandard housing than have no housing at all.

“We believe that stronger enforcement action needs to be taken against landlords who are offering substandard housing for rent.”

james.kitto@news.com.au

The post Conditions at Kingston rental property sparks calls for greater enforcement against landlords appeared first on realestate.com.au.