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55A Carlotta Rd, Double Bay, sold for $6,625,000 at auction last night.

Architect Greg Crone’s Double Bay home sold for $6,625,000 at auction last night, one of an eastern suburbs agent’s remarkable $16,485,000 worth of sales in just six hours yesterday.

Ray White Double Bay’s Warren Ginsberg and his team Claudia Brunker and Adam Reichman stitched together the four deals together in just six hours yesterday.

Crone’s residence — the just-renovated five-bedroom, five-bathroom 55A Carlotta Road — sold for the biggest price, through Ginsberg, with Ray White Double Bay managing director, Elliott Placks and colleague Richard Faludi.

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55A Carlotta Rd, Double Bay, sold for $6,625,000 at auction last night.

With auctioneer James Keenan presiding, bidding started at $6.1m and initially rose in $100k increments.

There’d been three registered, with two competing. The buyer was a Woollahra local. The guide was revised considerably from the initial $7.25m when it was listed in mid-July.

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Another of the exciting deals was for a four-bedroom semi at 325 Military Road, Vaucluse — owned by Construction 8 boss Anthony Shapiro — which Ginsberg and Reichman had only just listed.

325 Military Road, Vaucluse, sold after just one open home for $3.06m.

They’d had just one open home. The guide had been $2.8m. It was snapped up by solicitor Carolyn Dorrian for $3.06m.

The other two homes were: a four-bedroom home at 322 Military Road — last traded for $2.18m in 2011 — that went for $3.55m after one inspection.

322 Military Road, Vaucluse, sold for $3.55m after one inspection.

This was the third sale for Ginsberg on Military Road in the past month. He also sold 334A Military Road in July.

And, finally: a brand new three-bedroom, two-bathroom apartment with double garage at 3/12 Boronia Road, Bellevue Hill that sold for $3.25m.

3/12 Boronia Road, Bellevue Hill sold for $3.25m.

It had been on the market for just two weeks with Reichman and Brunker.

Greg Crone‘s company’s recent projects, in conjunction with Tzannes, have included the upcoming 104-apartment Opera Residences at Circular Quay.

The post Architect Greg Crone’s Double Bay’s auction sale one of agent’s $16.5m worth of deals in six hours appeared first on realestate.com.au.

Suburban apartments have changed since the Pellicano family built this complex in Oakleigh East in 1969.

A pair of Italian bricklayer brothers stepped into the development world selling Oakleigh East apartments to new migrants for about $10,000 each in 1969.

Today the same sum covers a square metre in neighbouring Oakleigh at the Alke apartment complex built by the second generation of Frank and Nunzio Pellicano’s property empire.

While the two bricklayers’ firm has gone on to complete $3b in development projects and is proposing to build the biggest indoor water park in the southern hemisphere, a return to the Oakleigh area more than 50 years on shows how much suburban apartments have changed.

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Nando Pellicano, the second generation to run the Pellicano family business, said Melbourne’s expanding urban fringe reclassifying Oakleigh from outer suburb to middle ring was part of what had raised prices — with one-bedroom apartments now starting at $463,000.

But the apartments built today also look very different to those in the ‘60s.

The Alke Apartments in Oakleigh are very different to the Pellicanos’ first project.

The views on offer from projects today are also higher quality than those in the ‘60s.

“They were a stock standard type of unit to get the price point low,” Mr Pellicano said.

“Today, they are all now designer apartments with an architect design and top-level fixtures and fittings. It’s got more of a South Yarra look.”

In the ‘60s, affordable apartment buyers were new migrants looking for a cheap foothold in the market, with the 12 apartments in the first Pellicano development sold for a combined $125,000.

The $53m Alke project’s one-bedroom apartments are still selling to first-home buyers, but downsizers are paying up to $1.1m for a three-bedroom offering.

Indoor-outdoor designs and open-plan living are now a standard for new homes.

But there’s still plenty of brickwork on show.

“It’s more for the people who don’t want to go further out,” he said.

Designed by SJB Architects, the project was originally planned to feature 95 properties but the number dropped to 83 as buyers combined multiple homes.

Despite expectations COVID-19 will hit Melbourne’s apartment building market harder than any other construction sector, he’s expecting it will only be a “short-term hiccup”.

“Long-term we are still very positive on the drivers and demand factors,” Mr Pellicano said.

A range of one, two and three-bedroom apartments are still for sale at the Alke project.

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For people looking to retire in style, make new friends and enjoy the natural beauty of Queensland, Samford Grove is catering beyond expectations.

A stylish home, vibrant community and attractive location are increasingly top-of-mind for Australians planning their dream retirement.

With people living longer and more active lives, having a range of amenities on your doorstep is more important than ever. But there’s also a desire to be perfectly set up to entertain family and friends and have the opportunity to make new connections.

Specialist retirement operator Reside Communities is delivering on these expectations with the release of 12 brand-new apartments at its Samford Grove community, as well as a new clubhouse for residents, The Homestead.

Samford Grove is located in the scenic township of Samford, north-west of Brisbane.

Located in Samford, around 35 minutes drive from Brisbane’s CBD, the one and two bedroom apartments are designed for retirees looking to downsize at an affordable price point. Every apartment has a master bedroom with a walk-in robe and a large balcony with views of the village, as well as an open plan kitchen, dining and living space for easy entertaining.

“Residents at Samford Grove enjoy a low-maintenance lifestyle in a secure and safe environment, surrounded by people at the same stage of life,” says Glen Brown, chief executive officer at Reside Communities.

Community and connection count

Cameron Kusher, executive manager – economic research at REA Group, says Australians are becoming more attracted to retirement community options where everything they need is at their fingertips.

“You have all the amenities and you have all the assistance if you need it, and it comes at a more affordable price than what it would be to downsize into a regular smaller house or apartment,” says Kusher.

A similar-aged community at your doorstep means having other people to share the good times with.

At Samford Grove, amenities and social spaces are about to get a big boost thanks to The Homestead.

“The Homestead will be an extension of every residents’ living room, providing a central lifestyle hub for the community to come together, pursue hobbies and interests, and access all the village’s great services in a welcoming and secure environment,” says Brown.

The Homestead has a café, cinema, resident-run bar, library, gym, workshop and indoor swimming pool. It also features a hairdressing and beauty salon, as well as dedicated consulting rooms for visiting allied health services and doctors.

The brand-new apartments at Samford Grove have been completed.

Brown says The Homestead will be the icing on the cake of an already active, supportive community, with some residents having been part of Samford Grove since it first launched in 2003.

“There is a strong sense of community, fostered by a busy calendar of social activities and events, from bingo and cards to Friday night fish and chips,” he says.

Samford, scenery and sunshine

For Australian retirees, Kusher says this region of Queensland has long held appeal for those looking to retire in comfort and style – and this isn’t subsiding.

Samford is an idyllic location with a country-town feel, and an easy drive to the Brisbane CBD and Brisbane Airport, making it a great spot for retirees keen to visit family and friends or travel, says Brown.

“Our Samford Grove community is just a short walk from a wide range of convenience shopping, casual dining and allied health services in Samford Village, along with parks, recreation reserves and creeks,” he says.

Bill and Gwenda have found their new home at Samford Grove.

New residents Bill and Gwenda considered many retirement villages around Brisbane, but were immediately attracted to the friendly, country atmosphere of Samford, and the layout and accommodation of Samford Grove.

The pair say if anyone is considering a move to Samford Grove not to miss the opportunity to embrace a relaxed lifestyle.

“We are looking forward to enjoying all the activities and joining with the other residents and making lots of new friends,” Bill and Gwenda said. “We are now home.”

All pictures supplied by Reside Communities. 

The post New apartments released at idyllic retirement community Samford Grove appeared first on realestate.com.au.

Built by a team on The Block and believed to have had $1.5m more spent on it since.

A Park Orchards record contender originally built by The Block’s Kerrie and Spence Thomson has hit the market with an incredible new look.

The lavish lifestyle home at 36-38 South Valley Road, called Terra Murus, is for sale with a $4-$4.4m price guide.

If the property sells within the guide it would be crowned the suburb’s most expensive home, taking the title from 124 Knees Road, which sold for $3.8m in 2009, according to CoreLogic.

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Landscaped grounds set the tone.

Sleek lines open to native greenery.

The main living domain.

Barry Plant Manningham agent Theo Politis said there were other properties worth about “$4-$5m plus” in the area, but they very rarely came up for sale.

“This is a once in a lifetime opportunity to purchase a home without having to do any work to get it to this standard,” Mr Politis said.

“The owner has already taken the home to the next level.”

Open but cosy.

Bathe in luxury.

Design focal points around the pool.

It’s believed the vendor spent more than $1.5m enhancing the property, after buying it as a complete package from renovation experts Kerrie and Spence Thomson in 2015. CoreLogic shows the property transacted for $3.09m at the time.

Mr Politis said the buyer landscaped the entire 2561sq m block, added a two-car rammed-earth garage and completely changed the existing kitchen and bathroom.

“He also reconfigured the guest wing into a master bedroom with a walk-in wardrobe and bathroom,” Mr Politis said.

‘Luxe’ is a word frequently used on The Block, and no doubt when describing this home too.

Step out of bed into daylight.

Even the basketball court is stylish.

“There’s also a basketball half-court on the property now.”

The original four-bedroom home was designed by architect Ramon Pleysier from the firm Pleysier Perkins, whose work has featured on the Grand Designs Australia TV show.

Environmentally friendly materials including timber and rammed earth were employed to create the sustainable six-star energy rated property, which comes with a luxurious saltwater pool.

Lush expanses.

Light fixtures are classy design elements.

How would this go on bathroom week?

Other features include an open living domain, with a feature Fireorb fireplace, and a media room.

A private sales campaign is underway for the home.

The exterior is a statement in itself.

High-end living.

Plenty of space for shoe collectors.

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jayitri.smiles@news.com.au

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Investor Lloyd Edge has bought mutiple homes during downturns.

Buying property in the middle of a recession takes guts but those willing to make a move will find better investment opportunities compared to last year – if they’re willing to adapt their purchasing strategy, buyer’s agents revealed.

Buyer’s agent Lloyd Edge, who built up a $12m property portfolio while working as a music teacher, said “traditional” ways of buying may not be suitable for every Aussie in the current environment.

Recent economic conditions instead called for a different approach that could include a mix of purchasing regionally, joint ventures or “rentvesting” (buying investment properties while still renting).

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“Property markets have been resilient to the impact of COVID-19 and the current recession,” Mr Edge said. “On a personal note, I continued to invest during the last recession and other major economic downturns … so I urge savvy investors to continue on in their investment journey.”

One of the best strategies for investing during a recession was to look outside capital cities as these were often the worst hit markets during property downturns, Mr Edge said.

“Look for a town close to a prominent regional centre with a large established population, at least over 10,000 people, as they’re more likely to have several strong industries in the vicinity.

“Also, look for large scale infrastructure in the pipeline. Steer clear of ‘tourist’ hot spots as they can be seasonal and easily fall out of favour.”

Strong regional markets included Lennox Head on the NSW north coast, Caloundra, the Sunshine Coast and Newcastle suburbs Waratah and Hamilton, Mr Edge said.

Properties in some of these regions could be snapped up for under $300,000 and required upfront costs of less than $40,000.

Purchasing in regional locations could be complemented by rentvesting, Mr Edge added. “This is when you rent where you want to live and buy an investment property where you can afford to,” he said.

COVID has affected prices – units in this North Ryde building have been selling for lower than prices listed in 2015.

“Although people often believe ‘rent money is dead money’, this strategy allows for investors to enter the property market sooner, while also living their desired lifestyle.”

Investors and even first homebuyers should divert any tax returns into potential property deposits or other purchasing costs, Mr Edge said.

“The average tax refund is $2600 in Australia. If you’re a first homebuyer, this could make a considerable contribution to your deposit or pool of funds for stamp duty or legal fees.”

TV personality Tamara Wrigley has a portfolio of more than 30 properties and suggested new buyers go into purchases with a firm understanding of their budget.

“It sounds like common sense, but many still rush into purchases without fully understanding their true financial position,” she said.

“It’s vital you know what your actual living expenses are by checking bank and credit card statements so that your new home doesn’t become a new financial hardship.”

Tamara Wrigley said buyers should consult with agents.

Ms Wrigley said buyers needed to study any market before buying so they had a good understanding of comparable sales.

“Speaking to a local real estate agency is a great way to get grounded in what the market is doing as the situation can change week-by-week,” she said. “It takes knowledge and expertise to price a property, and local agents are best equipped to let you know – so don’t be shy about asking them the asking price.”

Knowing what you can spend comes down to knowing your financial position, she added. “It can impact your initial offer and negotiating power … speaking to a range of lenders and getting loan pre-approval is highly advised. Having loan pre-approval means you can negotiate with confidence and be fully prepared, knowing clearly what you can spend and what you can’t.”

The post Buyer’s agent who owns $12m worth of properties reveals how to make money in a recession appeared first on realestate.com.au.

No. 21 Forster St in Bungendore is set to go under the hammer on August 22.

From a boys’ boarding house, to the home of a World War I surgeon and his renowned author wife, this magical Bungendore property presents more than a mere slice of history.

Built in the 1880s, the beautiful residence, now dubbed Thornleigh, was originally constructed as a dwelling on Gidleigh Station.

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In 1922 it was purchased along with 5.6 hectares of land, which was subdivided into what is today known as Bungendore Village and has served as the home of Colonel Dr Erik Dark, a World War I surgeon and his wife, Eleanor, who began writing the first of her three historical fiction novels, The Timeless Land, while living there.

Full of character.

The home has had many uses over its long history.

Current owner, artist Anthea Thomson, embarked on a significant extension to 21 Forster Street seven years ago and since 2018 has transformed the grounds into a stunning cottage garden which includes crab apples, wisteria, magnolia, roses and Manchurian pear.

The property now comprises a main residence, art studio and separate, self-contained cottage and has retained hallmarks of its vintage, including stained glass windows and original Baltic pine floorboards.

“This is a very special property,” said selling agent Katrice Velnaar, from Luton Properties – Gungahlin.

“It’s had a lot of different uses over the years. It was originally a boys’ boarding school, a doctor lived there who attached prosthesis to war victims after World War I and his wife was a famous author,” Ms Velnaar said.

“But the current owner is really the one who has taken it to this amazing treasure. They have added a whole new wing but have tied the two eras together really beautifully. There’s lots of stained glass, lots of timber. It’s quite incredible really.”

The windows have been maintained.

Set on a 1332sqm corner block in Bungendore, there are five bedrooms and three bathrooms across the landholding.

Each room of the main home is themed with bright colours and takes on a personality of its own.

The master bedroom features an original fireplace and ornate ceiling rose as well as oriental designs hand painted by a Chinese artist, while the study reflects an old-world feeling with artisan-designed floor-to-ceiling bookshelves and an original working fireplace.

“There’s your own private turret off the mezzanine, which is part of the new extension. You go up a spiral staircase to the turret and it overlooks all of Bungendore so you’ve got views of the sunset. It’s also a really beautiful feature.”

Open plan living.

Ms Velnaar said the sale presented a rare opportunity, with flexible living arrangements or scope for short stay accommodation.

“You could live in one side and Airbnb the other side or use the studio to do art and the cottage as a business or gallery. Alternatively, you could keep it as extra accommodation for teenagers or elderly parents.”

Outside, there are a range of fruit trees and a raised vegetable garden area, separate from the main garden, as well as 25,000 litres of rainwater storage across six tanks.

Additional extras include ducted gas heating and wood fires in both properties, and solar panels.

The property will go to auction on Saturday, 22 August at 2pm and is expected to fetch more than $1.4 million.

The post Former home of war surgeon and author wife set to go under the hammer appeared first on realestate.com.au.

12 Oak Street, Beaumaris was demolished on Monday.

A mid-century Bayside house with a one-of-a-kind design has been demolished, while an early work of renowned architect Robin Boyd is under threat in Balwyn North.

Heritage protection for modernist architecture has been flung into the spotlight once again this week, after a hexagonal property affectionately known as the Honeycomb House was knocked down at 12 Oak Street, Beaumaris.

Beaumaris Modern president Fiona Austin said it was disappointing to see the 1950s property torn down after it had been recommended for heritage listing in two unfinished Bayside City Council studies.

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The house was designed in an unusual hexagon shape. Picture: Beaumaris Modern

It is not known what will replace the house. Picture: Beaumaris Modern

“The studies were abandoned and it’s just missed out on a heritage study that Bayside Council have recently committed to,” Ms Austin said.

“It was kind of a special house because it was designed on a hexagon, so it was very experimental and unusual.”

Ms Austin said the W H Dando creation had not been maintained over the years, so it looked “like a bit of a wreck from the outside”, despite having very solid interiors.

An Home Beautiful illustration of the home’s interiors. Picture: Beaumaris Modern

The property could have been restored, architecture advocates say.

“Once I got inside I was blown away with how good the condition was,” Ms Austin said.

“It was made from timber, there was a wood burner in the kitchen and it was a really lovely house that could have been restored.”

The property was demolished by the homeowner, who did not put it up for sale despite Beaumaris Modern offering assistance to help find a buyer. It is not known what is planned for the block of land.

In Balwyn North, a Robin Boyd original at 12-14 Tannock Street was listed for sale as a development and subdivision opportunity last week.

12-14 Tannock Street, Balwyn North was an early work of architect Robin Boyd.

Inside the 1948 home.

The property was recently advertised for its development potential.

But the late 1940s original was taken off the market after a change.org petition seeking to protect the home amassed nearly 5000 signatures.

Boroondara Council director of city planning Shiran Wickramasinghe said “overwhelming community interest in its protection” led to a unanimous vote by councillors to submit an interim heritage protection application to Planning Minister Richard Wynne within the week.

Mr Wickramasinghe said no planning or demolition application had been lodged on the property, but community concerns had been raised after it was briefly put on the market.

Boroondara Council will apply for an interim heritage protection order.

The property has been kept in good condition.

“Once an interim heritage control is approved, any proposal to demolish the property is subject to council’s approval.”

A Balwyn conservation study from 2015 said the house was “one of three outstanding early and substantially intact houses by Robin Boyd in the study area, which, considered collectively, provide rare and valuable evidence of the innovation, boldness and fresh design approaches of a young architect on the cusp of an illustrious career.”

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