4 PROPERTY WEEKLY30 October 2020 - MODERN MANOR MASTERPIECE
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The East
PROPERTY WEEKLY 30 October 2020
FLIP OVER FOR
THE ALL-NEW
4 MODERN MANOR MASTERPIECE
33 Greenoaks Avenue, Darling Point
propertyweekly.net.au
2 | PROPERTY WEEKLY [ Residential ] Friday 30 October 2020
CONTENTS
Cover story . . . . . . . . . . . . . . . . . . . . . 4
Residential property reviews . . . . . . . 6
Agent profile . . . . . . . . . . . . . . . . . . . . 8
IN THIS ISSUE: 27 Headland Road,
Castle Cove.
MARKETPLACE [ Residential properties for sale ]
BELLEVUE HILL
110 Balfour Rd Thur 29 Oct 6.30pm Ray White Double Bay 9363 9999
5/2 Victoria Rd Tues 10 Nov 6pm Ray White Woollahra | Paddington 9357 3434
BONDI
37/112-134 Hall Str Private sale Wills Property 9387 1700
BONDI BEACH
25 Oxford Str Private sale PPD Real Estate 8355 1111
CASTLE COVE
27 Headland Rd Sat 7 Nov 1.30pm Wills Property 9387 1700
DARLING POINT
33 Greenoaks Ave Sat 31 Oct 3.45pm Black Diamondz 8280 8280
2/7 Loftus Rd Wed 28 Oct 6pm LJ Hooker Double Bay 9327 1000
4 Marathon Ave Private sale Sotheby’s 8355 6783
DOUBLE BAY
5B/22 Knox Str Private sale Sotheby’s 8355 6783
DOVER HEIGHTS
50 Lancaster Rd Private sale Sotheby’s 8355 6783
PADDINGTON
14/24 Gordon Str Tues 10 Nov 6pm Ray White Woollahra | Paddington 9357 3434
PALM BEACH
324 Whale Beach Rd Private sale LJ Hooker Palm Beach 9974 5999
POINT PIPER
6 Wyuna Rd Private sale Sotheby’s 8355 6783
20 Wolseley Rd Private sale Sotheby’s 8355 6783
RANDWICK
3/219 Alison Rd Sat 31 Oct 12.30pm N G Farah Real Estate 8344 0000
ROSE BAY
2/34-40 Spencer Str Wed 28 Oct 6.30pm Ray White Unlimited 9365 5888
4a Beresford Rd Private sale Sotheby’s 8355 6783
SOUTH COOGEE
39 Fairsky Str Tue 10 Nov 6pm IDA Properties 0412 023 400
VAUCLUSE
4/30 Dalley Ave Private sale Ray White Double Bay 9363 9999
15B Coolong Rd Private sale Sotheby’s 8355 6783
Ray White Double Bay 9363 9999
WATSONS BAY
8 Gap Rd Sat 31 Oct 10.30am Sotheby’s 8355 6783
4| Friday 30 October 2020
COVER STORY
Modern manor masterpiece
33 Greenoaks Avenue, Darling Point
FEATURES
Grand entry driveway
Rear entertaining backyard with deck and cubby house
Private home office
6d4e 6i
Benefiting from an inspired transformation showcasing high-quality finishes
throughout, this grand residence has been reinvented to create a deluxe, modern
two-storey home behind an unforgettable English manor-style facade.
Impressive from the get-go with an elegant driveway, floorboards and high
ceilings flow throughout the ground level, which houses a combination of formal
and informal living and dining spaces, as well as a home office. A full Miele-fitted
gourmet kitchen with breakfast bar and butler’s pantry looks over a casual dining
space, where sliding doors open out to a covered wraparound alfresco BBQ
entertaining deck and low-maintenance gardens. The upper level houses the
generous parents’ retreat with a spacious walk-in robe and dual vanity ensuite,
four additional robed bedrooms and two family bathrooms. Additional features
include an optional sixth bedroom/TV room on the ground level, ducted air Auction Saturday 31 October at 3.45pm
conditioning, security, lock-up garage and extra parking for at least five cars, all Price on application
located within walking distance of Double Bay village, the Harbour’s edge, schools Agent Black Diamondz (02) 8280 8280
and transport.
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DISCLAIMER: The views expressed in the articles in Property Weekly are not necessarily the views of the management of Property Weekly.
Readers are advised to make their own enquiries and not to rely solely on the information published herein.
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6 | PROPERTY WEEKLY [ Residential ] Friday 30 October 2020
Castle Cove haven
27 Headland Road, Castle Cove
This sanctuary is nestled on a sought-after block neighbouring a private
reserve, with sweeping uninterrupted bushland views stretching to
Roseville Edge. The first level features a vast living and dining room that
opens out to an extensive terrace balcony. Two bedrooms complete the
first level. There are three additional robed bedrooms (each with ensuite)
on the ground level, as well as a generous family room, second kitchen
and home office or additional bedroom. Outside, a tropical resort-style
mineral soft water heated pool with submerged lighting, waterfall
feature and travertine surrounds, as well as an Oasis Hawaiian spa
elevate this home to the next level. Additional features include a large
auto double lock-up garage and cellar with 700+ bottle capacity.
5d6e 6i
Auction Saturday 7 November at 1.30pm
Price on application
Agent Wills Property (02) 9387 1700
Oceanfront retreat
324 Whale Beach Road, Palm Beach
This waterfront Palm Beach residence opposite an oceanfront reserve is
a spectacular, spacious retreat unfurling over four levels. The main living
space in this contemporary home is a huge open-plan living and dining
room, with wraparound panoramic views through floor-to-ceiling
windows, and an adjoining immaculate kitchen with granite benchtops.
Step out from the living space to extensive terrace balconies and a
raised deck. There are four bedrooms on offer, including a main with
ensuite and balcony, with three additional bedrooms sharing a central
spa bathroom.
Additional features include a double lockup garage, workshop and
wine cellar, ducted vacuum, alarm system, ducted gas heating,
low-maintenance native gardens, laundry and powder room.
4d3e 2i
Private sale
Price on application
Agent LJ Hooker Palm Beach (02) 9974 5999
27 HEADLAND ROAD, CASTLE COVE NSW 5| 6| 6
This architecturally designed sanctuary is tucked - Bright airy open plan living and dining room with views LAND AREAS
away on a highly exclusive block adjoining a private Land Area: 1,246 sqm
- Master bedroom with walk in robe and ensuite Reserve Area: 440 sqm
reserve. This five bedroom grand modern
residence not only boasts sweeping, uninterrupted - Guest bedroom with adjoining bathroom
OUTGOINGS
bushland views that stretch toward the Roseville - Central Caesarstone benchtop kitchen with Ilve five Water Rates: $300 Quarterly
Bridge but offers a standard of prestige living that burner gas cooktop, Grohe tap ware, Billie Council Rates: $413 Quarterly
is second to none. Spanning two incredible levels, instantaneous filtered chilled and boiling water tap,
while bathed in natural light, it offers open plan BOSCH stainless steel dishwasher, SMEG microwave
living at its finest. Highlighted by balcony and oven, large stainless steel sink
terrace areas the design seamlessly connects
indoor and outdoor living. Incorporating a - Home office / study or additional bedroom
INSPECTIONS
swimming pool, wine cellar, off street parking for - Huge lower level family room leading to undercover Wednesdays 6pm - 7pm
six cars this is a once in a lifetime opportunity. terrace, pool and private reserve Saturdays 1pm - 2pm
- Mineral soft water Heliocol heated pool with mosaic
glass tile, submerged lighting and travertine pool AUCTION
surrounds with Jetvac cleaning system all on separate 7th November 2020
1:30PM
pumps
On Site
- Waterfall to pool and Oasis Hawaiian spa
- Large auto double lock up garage, 2 x 2 tandem with Contact
additional ample off street parking for further vehicles John Wills 0467 443 838
- Gym/sports storeroom john@willsproperty.com.au
www.willsproperty.com.au
8 | PROPERTY WEEKLY [ Profile ]
TRACK RECORD
EXPRESSIONS OF INTEREST:
David Petrini
Buyers Agent
BuyEast Buyers Agency
Getting to know the movers and shakers of the
real estate world.
BY BELLE KWAN
Managing my family’s Italian restaurant in Sydney’s inner west has taught me so
much about the art of customer service, the joys of making people happy and the
importance of really listening, understanding and having empathy for my clients.
From negotiating with old Italian produce suppliers to managing a staff of 25 and
ensuring all our diners were satisfied from the moment they arrived till the last
spoonful of dessert, I have been able to transfer all these skills that I have honed for SOLD: VAUCLUSE.
so many years into providing the most personable and dedicated service in helping
my property clients today find their dream home in Sydney’s Eastern Suburbs.
I have loved real estate since I was a young boy of about 9, when I used to
spend Saturdays driving around attending open for inspections and auctions with
my dad. I grew up locally in Rose Bay, and my dad taught me all about property
– what makes a good house, which are the best locations around town, and how to
strike up a good rapport with real estate agents. At the age of 40, I finally decided it
was time to turn my passion for real estate into a career and have truly enjoyed
every second of being a buyers agent for the past five years.
I go on a personal journey with every client that I take on, because I believe that
in order to find someone their dream home, it goes beyond just ticking boxes of
features in a property; it is about understanding their family, their lifestyle and
matching all that to a home that they will genuinely enjoy living in. Property hunting
in the Eastern Suburbs has become extremely competitive, with the number of
buyers far outweighing the stock available, so it often becomes quite an emotional
process for people eager to move into their next home. By offering my clients a less
stressful experience, and opening off-market opportunities to them before the
general public, I do feel a huge sense of triumph each time I succeed in finding a SOLD: DOVER HEIGHTS.
client a home. That said, it is also a little bittersweet, because the second I hand
them the keys to their lovely new home, I also feel like I am breaking up with them!
David Petrini, BuyEast Buyers Agency
0410 177 742, www.buyeast.com.au
Dave’s
hot tip
“Indigo at Double Bay is my
go-to place for a great coffee,
and you can always find me
on a Friday evening at The
Fields at Easts Rugby in
Woollahra tucking into a
hamburger while my two kids
run around the lawn.” SOLD: QUEENS PARK.
77 Bondi Road, Bondi
FREEHOLD MEDICAL CENTRE INVESTMENT IN BONDI
This property represents a rare opportunity to acquire a fully Key selling points:
leased long established medical practice along with fully
- Building area: 188 Sqm*
renovated first floor three bedroom apartment. This freehold
- Land area:- 217 Sqm*
property allows you to be part of the changing landscape of
Bondi Road. - New Lease term - 4 + 4 + 4 years
Situated on a 217sqm* site features dual frontage to Bondi - Current rent - $135,980 per annum plus GST plus
Road and Ocean Lane and situated in the heart of one of Outgoings
Sydney’s most popular retail and dining hubs. - Huge fully renovated first floor three bedroom
Located between the world-famous Bondi Beach and Bondi apartment and includes open plan living-dining,
Junction and is serviced by excellent public transport these modern kitchen and 2 bathrooms
properties do not come up often. - Rear access and parking
AUCTION:
WEDNESDAY 11TH NOVEMBER 2020 @ 11am
Property ID:
Michael Buium 0408 385 385 L3820504
318 Bronte Road, Waverley
FREESTANDING SHOP &
RESIDENCE WITH
ENORMOUS POTENTIAL
- Land Area 217sqm approx.
- Building Area 127sqm
- Potential to redevelop
- Rear access parking
AUCTION:
WEDNESDAY 11TH NOVEMBER 2020 @ 11am Property ID:
Michael Buium 0408 385 385 L3820504
Suite 203/2-8 Elizabeth Street, Paddington NSW 2021 Ph: (02) 8095 6269 rhcommercial.com.au/bondijunction
PROPERTY WEEKLY
BEDROOM
30 October 2020
MAKEOVER
THE DULUX
COLOUR FORECAST
2021
Market
Update
PROPERTY WEEKLY EXPERTS: SYDNEY UPDATE
DISCUSSES CURRENT REAL ESTATE TRENDS
propertyweekly.net.au2 | PROPERTY WEEKLY
Editor’s note
A strong and common thread in my conversations with people
this week has centred around the idea of: ‘home is where the
heart is’. 06
I had a wonderful panel discussion with Michael Clarke, Monika
Tu and Peter Vines where we all got off the Zoom session feeling
really positive about the direction that Sydney’s real estate market
is headed – where individuals are actively choosing to invest in 04
their homes, families are rediscovering the joys of exploring their
Australian backyards, and businesses are responding to our need
for fast and reliable delivery services.
CONTENTS
With newfound enthusiasm and emphasis on seizing the
moment and seeking out that dream home in Sydney, I am
03 WHERE QUALITY 06 PROPERTY WEEKLY
expecting the positive flow-on effect to be felt by other associated MEETS LIFESTYLE EXPERTS: SYDNEY UPDATE
markets as well. I simply cannot wait to see what sleek new home M by Montefiore residences have been Editor Belle Kwan chats with three of Sydney’s
offices will be created, the creative backyards and balconies that
will be transformed into relaxation and play spaces, and the equipped with all the finest in interior features real estate experts on how the market has
wonderful DIY projects that everyone’s undertaking through and fixtures for luxury living. responded to the recent COVID-19 pandemic
summer this year! and why there is such strong buyer demand
04 BEDROOM MAKEOVER today.
Add colour and energy to your bedrooms by
Belle taking inspiration from the 2021 Dulux Colour
Forecast.
Belle Kwan
Editor
belle@propertyweekly.net.au Cover image: Dulux Colour Forecast 2021 –
Reset palette. Stylist: Julia Green.
Photographer: Armelle Habib.
03
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www.coshliving.com.auPROPERTY WEEKLY |3
WHERE QUALITY
MEETS LIFESTYLE
M by Montefiore displays all the high-end fixtures and finishes you’d expect from an architect-designed
luxury apartment, with the peace of mind offered by maintenance-free retirement living.
T M by Montefiore, located in a prime pocket of own expansive private terrace offers space and privacy, and
A Randwick, you can choose from spacious one, two and
three-bedroom retirement living apartments, and enjoy
five-star facilities including concierge, pool, club lounge and
private cinema, as well as 24-hour support.
is complemented by beautifully landscaped common garden
spaces and BBQ terraces.
Five-star facilities
Live in luxury Take a seat in the sleek foyer club lounge for complimentary
breakfast, relax with barista coffee or a glass of wine on the
The residences of M by Montefiore boast expansive and
seamless living and dining areas inside and out that are ideal terrace, or settle in for a movie in the on-site cinema. A heated,
for entertaining. mosaic-tiled accessible indoor pool is accompanied by a
The kitchens feature marble benchtops and splashbacks, fitness centre, as well as access to Help at Home wellness
Miele ovens, premium appliances and plenty of soft-close services in your apartment.
storage.
Generously spaced and light filled, each bedroom is a Inspections are welcome by appointment – visit the display
welcoming retreat, with high ceilings, 100 per cent wool carpet suite and furnished display apartment, view the available
and ample walk-in or built-in wardrobe space. The floor plans and tour the apartments of your choice.
bathrooms feature marble walls, Parisi tapware and premium For more information, call 1800 952 229 or visit
fixtures for timeless style and accessibility. Each apartment’s mbymontefiore.com.au.
Spectacular
seniors’ living
Your new M by Montefiore luxury retirement
apartment is available now.
Choose from spacious 1, 2 & 3 bedroom floorplans, and
enjoy 5-star facilities including concierge, pool, club
lounge and private cinema, as well as 24-hour support.
24-Hour Resort style Club lounge
Concierge Security
support facilities & dining
READY TO OCCUPY I N S P E C T T O D AY K I N G S T, R A N D W I C K
mbymontefiore.com.au | 1800 952 2294 | PROPERTY WEEKLY
BEDROOM MAKEOVER
Stylist Julia Green uses palettes from the 2021 Dulux Colour Forecast to show how adding colour to a bedroom
can be a quick, easy and low-cost way of re-energising your home.
HE Dulux Colour Forecast 2021 comprises three soothing palettes inspired by nature and moments of
JULIA GREEN’S
T stronger colour to uplift and brighten our outlook – think soft, earthy neutrals alongside pops of coral and
stormy blue. “There’s no right or wrong way to use these colours in your home,” said stylist Julia Green. “It’s
about expressing your personal style and creating a space that nurtures, inspires and feels truly your own.
“Here, we focused on quick and simple updates you could do in a day or less. We kept the budget in check by
BEDROOM STYLING TIPS
working around what was already there – the bed, carpet and curtains – and brought the room up to date with 1. START WITH ARTWORK
on-trend colours, comforting textures and artwork”.
Use the colours and tones in a favourite
painting or print to inform the palette in your
RESET bedroom.
“This look is perfect if you’re more comfortable with white walls and like the idea of introducing brighter colours in 2. CREATE A FOCAL POINT
your fabrics, bedding and accessories. A dramatic, coastal-inspired artwork gave the room a new focal point Every room needs a focal point as it’s what
and provided the colour cues for the rest of the scheme. We drew tones of burnt orange, deep blue-green and draws you into a space. The natural focus in
mustard and used them in the bedding and a striking pendant light,” Green said. a bedroom is the wall behind the bed – draw
attention to this with a striking bedhead or
RETREAT artwork.
“Here, we wanted to show just how powerful colour can be in changing the mood of a space. We painted the 3. THINK BEYOND WALLS:
walls a deep, warm grey – Dulux Wash&Wear in Teahouse – and instantly turned this bland room into a If you don’t fancy changing your wall colour
sophisticated and tranquil space. Touches of crisp white on the ceiling, door frames and pendant provided or you’re simply more comfortable with
contrast and light. white, add this season’s rich colours in
“To keep with the classic, tailored vibe, we chose a palette of deep navy, dusty blue and ochre for the rest of the bedding, soft furnishings and accessories.
scheme. We added a luxurious bedhead to provide a relaxing spot to sit up and read, and layered the bed high
with linens in classic pinstripes and chambray blue. In our projects, we always love adding one or two touches of 4. UP THE COMFORT FACTOR
the unexpected as they really energise a space – here, it’s a rustic, fringed throw on the end of the bed and a Your bedroom needs to be comfortable and
graphic, contemporary artwork,” said Green. inviting; think a soft, cushioned bedhead you
can sit up against and read a book, a medley
NOURISH of comfy cushions and bed linen in
breathable fabrics.
“We turned to the earthy colours in the Nourish palette to create a cocooning and restful feel. The scheme centres
around a plush, upholstered bedhead in mossy green and whimsical, botanical-print bed linen, which we 5. MIX AND MATCH
contrasted with a soft clay hue on the walls and ceiling – Dulux Wash&Wear in Skip To. For a fun and eclectic look (and less hassle
“To keep the focus on the cosy bed set-up, we opted for minimalist artwork and used simple timber frames to come laundry day) combine sheets and
create a tonal effect against the clay-coloured walls. Texture was added with a ribbed timber side and pillowcases in different colours and prints –
accessories with matt finishes,” explained Green. just make sure they all sit within the same
colour story.
For more inspiration, visit www.dulux.com.au
DULUX
COLOUR
FORECAST
2021
Photo credits: Dulux
Colour Forecast
2021– Reset palette,
Retreat palette,
Retreat Nourish palette.
Stylist: Julia Green/
Re se t Nou ri sh Photographer:
Armelle Habib.COMPREHENSIVE PREMIUM CONTACT LENS
EYE EXAMS EYEWEAR SPECIALISTS
CO R E O P T I Q U E
215 Glenmore Road, Five Ways Paddington
(02) 8593 7156 | www.coreoptique.com6 | PROPERTY WEEKLY
Panel Guests:
PETER
VINES
Managing director of Ray White
Commercial Western Sydney
MONIKA
MICHAEL TU
CLARKE Founder & director of
Black Diamondz Group
Principle of Clarke & Humel
Property Weekly Experts:
A PANEL CHAT ON SYDNEY’S REAL ESTATE MARKET (PART 1)
Property Weekly editor Belle Kwan had an insightful chat with three of Sydney’s leading real estate identities about how the
industry responded to the COVID-19 pandemic and why there is such strong buyer demand in the market right now.
EDITED BY JADE REDMAN of things, but the fact that we are so geographically really not too bad and we are very pleased. It’s really
blessed being in Manly is a big one. I think COVID-19 has fascinating that out revenue has not dropped too much,
BELLE KWAN: How has Sydney’s real estate fared forced a lot of people to really think about the home that and I think a lot of it has to do with the demand from
through the COVID-19 pandemic? they live in, having spent so much time staring at their own buyers.
four walls this year. As a result, they want the very best During the middle of the year, Australians would
MICHAEL CLARKE: What we have found here in the home that they can possibly afford, so that’s caused usually travel to Europe, or international residents would
Northern Beaches is that there has been a two-speed people to consider upsizing like never before. I can’t of return home to China, but of course, no one was allowed
market. In my 17 years of real estate, I have never course speak for the entirety of Sydney, but from a to travel overseas for holiday this year. Three of our nine
experienced a stronger top end of the market, where Northern Beaches perspective we’ve never seen it so good. buyers in the period I mentioned were wealthy
things are going bananas in a good way. The lower price Australians who had never previously considered buying
point areas, which for me in Manly means less than MONIKA TU: My area of prestige homes has absolutely such a prestige home in Australia, but now they’re
$2 million, have not fared as well. The properties that are mirrored Michael’s experience. I think Sydney is doing staying home and deciding to make those purchases.
considered more as commodities, such as investment really well, with a lot of attractions for not just local
apartments, are certainly not going backwards rapidly, people who are upsizing, but also for the international BELLE KWAN: Peter from your point of view, representing
but they haven’t seen the same explosion of growth that market. To compare the same period this year with last the commercial side, is market confidence returning?
we’re seeing at the very top end. year, from the end of March to mid-October, last year we
It’s been a fascinating year for so many different sold 13 properties and this year we sold nine. Of the nine PETER VINES: I think the first thing to say is that there’s
reasons, but from my perspective I never would have we sold this year, six were to international buyers who multiple levels of a commercial market. There’s obviously
thought I’d have my biggest ever month in real estate in normally live overseas. residential development, pure commercial offices, retail
the midst of the COVID-19 pandemic. I think what’s While our revenue this year is slightly lower compared and shopping centres.
brought about this market performance is a combination to last year, we have still made over $100 million, so it’s Initially, when COVID-19 hit nobody quite knew whatPROPERTY WEEKLY |7
was going to happen or what to do, people stopped never drop because there isn’t much supply, but I’m not As a result of that heightened sense of importance
going to the office, so there was concern around future quite sure when it comes to inflation. There is still a level around whatever that feature is, I think that’s why we’re
demand for office use. But the fundamental fact remains of low confidence in the market but if you see seeing such a strong demand for specific boxes to be
that interest rates are at a record low and our investors competition increasing then the price will go up. As an ticked, particularly at the higher ends of real estate.
have to generate a return on their money, and so they’re agent, if you can bring that emotion and demand to a Buyers are prepared to pay because they understand
happy to buy at a reduced yield on what their money property, then I think we will see the best price for our that if they are going to buy the property of their dreams
would have been. There is still a huge amount of capital vendors. right now, that everything that they have been searching
out there that just cannot find a home so real estate is for is even more important due to the larger amount of
still one of those markets where there is return in BELLE KWAN: With many people re-evaluating their time that they are going to be spending there compared
investments, future growth and stability at the moment. work lives in terms of going to the office and/or working to six months ago.
Some markets haven’t done as well as others, we have from home, have buyer demands changed in
seen that people aren’t racing out to buy off the plan at commercial real estate? BELLE KWAN: With international travel near impossible
the moment. However, we were as busy if not busier than at the moment, has this impacted demand in the
last year, during the COVID-19 lockdown period in Sydney,
PETER VINES: I think it’s too early to see trends while commercial real estate market?
people are evaluating what’s going on, but there’s
as people thought it was the right time to buy while
others were sitting on their hands.
certainly less people who have been working in the office. PETER VINES: Once again I think that the varying levels
There are really two trains of thought on this issue. of the commercial real estate market is relevant to this.
BELLE KWAN: Should we expect to see property prices There’s the question of whether more people will be Certainly, tourism in the Sydney CBD has been very
working from home and won’t require as much office tough. However, if you go to areas like the South Coast or
inflate over the next few months with so many keen
space or will move to more suburban locations. However, Byron Bay, they have never seen demand as strong as it
buyers ready to pounce on their dream homes and
there is also the thought that the workspaces that are is at the moment.
willing to spend more for it? occupied will need more space for social distancing With the change in spending habits and more people
MICHAEL CLARKE: Over the past month or so we have being the new norm around the virus. spending money online, we’re seeing a huge shift of
been starting to see the investor market come back. I It is very difficult to say what is likely to occur, but capital to industrial property, which has become a real
think part of the reason that dipped down a bit during fundamentally I personally believe that as humans we asset class of choice at the moment. There is a need for
COVID was that potential landlords were concerned desire a place and community to work. While working online retailers to be closer to Sydney to quickly service the
about whether their tenants would even have to pay from home is novel and can be fun, at some point we online demand – it’s not just about delivering between two
rent. The rents now, however, have not only stabilised but lack that sense of community and purpose which is or three days – people want stuff faster than that.
are increasing in some areas, so we’re finding that part created from being in an office where ideas are shared, We also have a lot of offshore investors who already
of the market is now going okay. I expect that there will and goals are achieved together. To be removed from have a presence in Australia and so they’ve got these
be further growth in that market as things calm down, that can be quite an empty feeling sometimes. representatives and a model that they’re working to in
particularly if there is another interest rate drop around order to roll out and introduce the capital into the
Melbourne Cup Day.
BELLE KWAN: What are people now looking for in terms country. New players we aren’t seeing as much of,
of important features of their home?
With the stock market going haywire for the past six however, the established players still have their long-term
months I think we’re likely to see even more investors pile MONIKA TU: I feel that the home office is probably the mandate in Sydney and Australia to invest in various
into real estate. In relation to the prestige market, I expect number one feature that we focus on and make sure to asset classes, so we’re certainly not seeing a slowdown in
that will continue to go very well for the foreseeable advertise at the moment. If homes do not already have that.
future. If 2020 has done one thing, it has made people one, we create one to meet this new demand. I think
focus very much on their home and seize the day people are really getting used to working from home and Part 2 of this interview, available in Property Weekly: The
because who knows what else is going to happen? seek the suitable space for it. East’s 6 November edition, will discuss how our panel
experts have pivoted their way of doing business, and
MONIKA TU: One hundred per cent there is more money MICHAEL CLARKE: I’m finding certainly that a nice space what predictions they have for the year to come.
sitting around in Australian real estate right now and in which one can work is something that is considered
people are more willing to spend on their dream home. I more important than, for example, a home with a
think it’s more about demand and supply, and we just do backyard.
not have the supply to meet the existing demand. What I have also found is that the pandemic has been
You always have a lot of buyers on the market, both an amplifier, where whatever the buyers were searching
local and international, but I have had many more for in a home, it has become even more important that
Australian buyers now asking what is on the market – they get that, whatever the attribute is, whether it be a *This interview has been edited and condensed for brevity
people are choosing to spend money on their life right view, a large yard, certain orientation or even something and clarity. To watch Property Weekly Experts: Sydney
here, right now in Australia. In terms of pricing, it will to do with the lifestyle they’re craving. update, visit propertyweekly.net.au.
I think COVID-19 has
forced a lot of people
to really think about
the home that they
live in, having spent
so much time staring
at their own four
walls this year.
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