6 PROPERTY WEEKLY23 October 2020 - HILLSIDE SPLENDOUR
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
The East
PROPERTY WEEKLY 23 October 2020
FLIP OVER FOR
THE ALL-NEW
6 HILLSIDE SPLENDOUR
5/2 Victoria Road, Bellevue Hill
propertyweekly.net.au
2 | PROPERTY WEEKLY [ Residential ] Friday 23 October 2020
CONTENTS
Cover story . . . . . . . . . . . . . . . . . . . . . 6
Residential property reviews . . . . 3-10
Agent profile . . . . . . . . . . . . . . . . . . . . 7
Commercial property reviews . . . . . 12
IN THIS ISSUE: Development –
BOND, Bondi Junction, page 10.
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 Private sale Wills Property 9387 1700
DARLING POINT
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
KILLARA
47 Greengate Rd EOI Mon 26 Oct Sotheby’s 8355 6783
PADDINGTON
14/24 Gordon Str Tues 10 Nov 6pm Ray White Woollahra | Paddington 9357 3434
POINT PIPER
6 Wyuna Rd Private sale Sotheby’s 8355 6783
20 Wolseley Rd Private sale Sotheby’s 8355 6783
RANDWICK
92 Fern Str Sat 24 Oct 11am Wills Property 9387 1700
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
15/290 Old South Head Rd Sat 24 Oct 12.15pm Belle Property Double Bay 0425 252 525
8 Gap Rd Sat 31 Oct 10.30am Sotheby’s 8355 6783
[ Residential ] PROPERTY WEEKLY |3
Family favourite
39 Fairsky Street, South Coogee
This double-storey home has an ideal floor plan for busy families, with
an emphasis on seamless indoor/outdoor living perfect for year-round
entertaining and relaxation. An abundance of natural light flows
through the ground level, which features open-plan living areas, an
additional formal lounge/rumpus room, and a stylish kitchen with stone
benches and custom joinery. The expansive main lounge/dining area
opens out to a covered alfresco entertaining space surrounded by a
low-maintenance landscaped backyard. The second level houses four
robed bedrooms (main with ensuite and balcony), as well as a central
sitting room/study area. Additional features include three large
bathrooms, ducted air conditioning and garage with internal access.
This ideal family home is located a short walk to Latham Park and
local schools, and a few minutes’ drive to Coogee and Maroubra
beaches.
4d3e 1i
Auction Tuesday 10 November at 6pm
Price on application
Agent IDA Properties 0412 023 400
Auction
2/34-40 Spencer Street, Rose
Rose Bay
Bay 3 2 2
Perfect
Perfect for
for downsizers
downsizers and
and families,
families, this
this elegant
elegant house-size
house-size garden
garden apartment
apartment ticks
ticks Auction
Auction Monica
Monica Shor
Shor
all the boxes with a 246sqm layout including large living & dining, 3 double Wednesday 28 October 0411 888 445
bedrooms (main w spa ensuite), 2 bathrooms, alfresco terrace, private sunny NE 6.30pm, Club Rose Bay
Ron
Ron Bauer
Bauer
garden,
garden, ducted
ducted air
air con
con and
and level
level lift
lift access
access to
to double
double garage
garage and
and visitor
visitor parking.
parking.
View 0414 345 444
Enjoy an idyllic lifestyle at the edge of Rose Bay village in secure ‘Sorrento’ set in
landscaped grounds with sunny pool. Saturday & Thursday
12pm - 12.45pm
rwunlimited.com.au
rwunlimited.com.au
5/2 Victoria Road, Bellevue Hill 3 2 2
'Villa Rossmore' - Hillside Glamour
A stunning residence with house-like proportions 'Villa Rossmore' is a c.200sqm, North facing apartment with
manicured, private garden. A unique combination of stunning harbour views, the old-world glamour is perfected Tuesday 10 November
throughout the apartment retaining romantic architectural charm of generous proportions, solid walls and the benefit 6pm
of being secluded and elevated from street level. Capitalising on the perfect north aspect, and incorporating 180 View
degree views of Sydney harbour, this penthouse position in a front row block of only 5 on The Hill' is equally rare Saturday 17 October
and unique. Conveniently located walking distance from Redleaf Beach and Double Bay precinct, local restaurants 12:00pm - 12:30pm
and cafes.
- Wraparound window-lined north facing sunroom flooded with natural light
- 4 metre high decorative ceilings; working fireplace; marble foyer Randall Kemp
- Master suite with soaring ceilings that looks out over the Sydney Harbour 0415 818 966
- Eat-in kitchen with Lacanche Premium range cooker, Miele dishwasher and easterly views of surrounding gardens
- DLUG; barbecue patio and garden Alexander Smith
0418 111 312
raywhitewp.com.au
14/24 Gordon Street, Paddington 3 2 1
On a private courtyard in a stunning boutique complex this apartment melds elegance, luxury appointments and
designer finishes. It also enjoys a leaf dappled outlook that transforms to showcase the verve of Paddington’s artisan
markets just in time for Saturday brunch. Designed by Martin & Ollmann Architects this residence is at the heart of Tuesday 10 November
Sydney’s most vibrant cosmopolitan precinct, minutes from the city. This provides the basis for tailoring a unique 6pm
urban lifestyle in a home that enjoys sunlight and cross breezes flowing from three directions through floor to ceiling View
glass over tiled floors and a wintergarden patio. Saturday 17 October
- Stunning kitchen, chef’s gas, Caesarstone, full Miele suite, breakfast bar 10:00am - 10:30am
- Master bedroom with designer ensuite, dressing room & private balcony
- Expansive sunlit bedrooms, floor to ceiling built-in robes, ceiling fans
- Designer bathroom with rainshower rose & glass blades, European laundry Randall Kemp
- Integrated storage, ducted reverse cycle air & gas heating, bespoke blinds 0415 818 966
- Secure underground parking plus storage, video intercom & lift access
- Swift CBD & Bondi Junction access, stroll to Centennial Park, SCG, SFS & EQ Alexander Smith
0418 111 312
raywhitewp.com.au
6| Friday 23 October 2020
COVER STORY
Hillside splendour
5/2 Victoria Road, Bellevue Hill
FEATURES
200 square metre residence with harbour views
European-inspired detailing
Private garden and courtyard
3d2e 2i
A stunning north-facing apartment with house-like proportions, ‘Villa Rossmore’ offers a unique slice of timeless
European glamour in a picturesque hillside location overlooking the water, where contemporary sensibilities meet
romantic vintage appointments.
With a picture-perfect facade that features intricate Parisian-style balconies, the top-level property’s interior begins
with an entryway with staired access to the first level home, opening to a vast open-plan living and dining space
featuring four-metre-high decorative ceilings, a fireplace and a statement, chateau-style stained-glass window wall in
the dining room promising an elevated experience. Glass doors open out to a breathtaking wraparound sunroom
complete with outdoor blinds, perfect for soaking up the harbour views with glimpses of the Harbour Bridge. The
spacious kitchen blends modern features and classic charm, appointed with an oversized butler’s pantry. Three
sun-drenched robed bedrooms flank the main living zone, including the main that offers Sydney harbour views, while Auction Tuesday 10 November at 6pm
two modern bathrooms complete the floor plan. Price on application
This one-of-a-kind home also offers double underground parking, a cellar and access to a private manicured Agent Ray White Woollahra | Paddington
garden, while situated within walking distance to Double Bay precinct. (02) 9357 3434
PROPERTY WEEKLY Property Weekly is printed by Spotpress and distributed
by Advertising Printing Australia (APA).
Published by Polaris Media Pty Ltd.
Property Weekly business manager: Marina Yuksel CEO: David Redman
Property Weekly editor-in-chief: Belle Kwan Advertising consultants:
National art director: Stephen Fretwell Joyce Wainstein, Yakov Moses, Dustin Burgess FOR ENQUIRIES CONTACT: (02) 8383 0800
Art director: Samantha Oakley Subeditor: Michelle Perl ADVERTISING: sales@propertyweekly.net.au
Designer: Jacqui Christians EDITORIAL: editor@propertyweekly.net.au
Editorial assistants:
Multimedia manager: Ren Rizzolo Zoe Eyles, Jade Redman, Carly Douglas
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.
[ Profile ] PROPERTY WEEKLY |7
TRACK RECORD
EXPRESSIONS OF INTEREST:
Randall Kemp
Principal
Ray White Woollahra | Paddington
SOLD: 7 HARKNESS STREET, WOOLLAHRA. Getting to know the movers and shakers
of the real estate world.
Going out on my own at 27 was, in hindsight, probably a little immature, but it
was also one of the best decisions I’ve ever made. It began as a moment of
madness; it came with a lot of heartache, rejection and hard work, but it was all an
incredible character-building journey that I am very grateful for. It has taken me a
while, almost 10 years, to build the agency to where we are today – with a really
strong and committed team, a great database, and a market share of listings in
the Eastern Suburbs that we are really proud of.
I am 38 this year, and my job today has grown beyond landing listings and selling
some of the most beautiful homes in the area, but just as importantly, I have the
opportunity to train and mentor young agents to achieve their own successes. I’ve
come to realise that I really enjoy this part of my job – imparting the lessons I’ve
learnt in my 20-year career and helping newcomers in the industry.
Raising a young family in Woollahra, living and working in Woollahra, and
having our friends and family in the area has given me invaluable insight into the
lives and desires of my vendors and buyers – which not only helps with building
rapport, but also in understanding what each client would be seeking in their
different life stages. It really wasn’t until I had my own kids that I truly understood
the urgency and desire for young families to upsize, and what features of a home
were important when you have little ones running around the place. With many of
SOLD: 76 MONCUR STREET, WOOLLAHRA. my friends going through the same life stages as myself, it has been such a privilege
being the person who has sold them their first one-bedroom apartment in their 20s,
then their second home as newlyweds, and now looking for that lovely three or
four-bedroom home as their family continues to grow.
I predict 2020 will end on a record high and the traditionally quiet month of
January will actually be buzzing with activity in the real estate market. There was
next to no stock in the Eastern Suburbs through the height of COVID-19, and it has
only been in the past couple of weeks that vendors are finding the confidence to list
their properties for sale again. There is a big backlog of buyers who have, probably
during lockdown restrictions, realised the need for a new home with more space,
and also vendors who are really motivated to sell now and begin
their own search for their next home. Interest rates are at an
all-time low, banks are still dishing out lending pre-
approval at an all-time high, and I think things are
really going to ramp up in the next three months.
Randall Kemp, Ray White Woollahra | Paddington
0415 818 966, randall.kemp@raywhite.com
Randall’s
hot tip
“Café Nino on Ocean
Street in Woollahra serves
up the most amazing crab
spaghetti, and the best
coffee in town has to be
SOLD: 33 MONCUR STREET, WOOLLAHRA. from Flat White Café.”
92 FERN STREET, RANDWICK 4| 2| 4
92 Fern Street, Randwick offers a bright and airy FEATURES LOCATION
interior it has all the features you need. 4 double
• 4 double bedrooms • 15 minute walk to Clovelly Beach;
sized bedrooms, two bathrooms including en-suite
off main bedroom. Spacious combined family/ • 2 bathrooms, ensuite off the main bedroom • 3 minute walk to Clovelly Road and
lounge room plus open plan kitchen with dining bus transport;
• Two separate living areas
room that flows onto a sunny rear yard. Single • 0.75 km to Clovelly Public School;
lock-up garage with side drive with additional • Bright airy open plan living
parking for 3 cars. • 0.8 km to St Catherine’s School;
• Open to the northern boundary & bathed in sunlight
This single storey residence is perfectly positioned • 10 minutes to Royal Randwick
• Single storey level access
for exceptional family living. 15 minutes to Clovelly shopping centre.
• Flow through to spacious rear yard with undercover
Beach and in great school catchments.
entertaining area
• Storage shed for bikes, tools and more
• Off street parking for up to 4 cars For Auction
• Frontage 12.19 metres On site 11.00 am
24th October 2020
• Short walk to local public schools, city bus
transport, View
By Appointment only
local cafes and Clovelly Beach
• Catchment for Clovelly Public School, Randwick
Contact
Boys High School, Randwick Girls High School and
John Wills 0467 443 838
www.willsproperty.com.au very close St Catherine’s School john@willsproperty.com.au
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
swimming pool, wine cellar, off street parking for - Huge lower level family room leading to undercover
six cars this is a once in a lifetime opportunity. terrace, pool and private reserve
- Mineral soft water Heliocol heated pool with mosaic
glass tile, submerged lighting and travertine pool Private Sale
surrounds with Jetvac cleaning system all on separate View
pumps By Appointment only
- Waterfall to pool and Oasis Hawaiian spa
- Large auto double lock up garage, 2 x 2 tandem with
additional ample off street parking for further vehicles
Contact
- Gym/sports storeroom John Wills 0467 443 838
www.willsproperty.com.au john@willsproperty.com.au
10 | Friday 23 October 2020 DEVELOPMENT BOND Bondi Junction Developed by Capital Corporation and created under the design brilliance of architects Group GSA, interior design studio Koichi Takada Architects and placemakers Urbis, BOND is a new project set on the corner site of Ebley Street and Bronte Road, which is currently home to Club Bondi Junction RSL. This 10-storey development has been planned to rejuvenate the prominent site while creating a new future for the club, which will be transformed into a buzzing new destination for the community. Offering 81 luxuriously appointed residences housed within a distinctive facade inspired by butterfly wings, each unit will feature a stone-topped kitchen with island bench and Miele appliances, porcelain-tiled bathrooms with skylights, and living spaces designed to welcome in natural light while showcasing district and coastal views. The highlight of this development will be a 350 square metre landscaped rooftop that will include an outdoor cinema, BBQ areas, private corners and a yoga lawn. “‘BOND’ delivers in so many ways. The apartments are very generously proportioned, with some with outdoor space as large as the internal living areas. Some balconies are 100-129 square metres with some as large as For sale 232 square metres. These are pet-friendly, family-friendly spaces, which are not easy to come by in Bondi Colliers International Junction,” said Peter Chittenden, managing director residential for Colliers International, who are the sales and 1800 030 502 project marketing agents of the development. www.bondbondijunction.com.au Bond will offer 34 one-bedroom units, 38 two-bedroom units and 9 three-bedroom residences.
Eighty one boutique residences created by
Capital Corporation, a leading Australian
property developer bringing extraordinary
places to life for over 29 years.
Featuring architecture by GroupGSA, visionary
interiors by Koichi Takada Architects and an
incredible rooftop garden by Urbis.
Disclaimer: Capital Corporation does not guarantee or represent that the
information contained in this advertising and marketing document is correct.
Any interested parties should make their own enquiries as to the accuracy of the
information. We exclude all inferred or implied terms, conditions and warranties
arising out of this document and any liability for loss or damage arising there from.12 | Friday 23 October 2020
COMMERCIAL AND INDUSTRIAL PROPERTY
Boundless
Waverley potential
318 Bronte Road in Waverley is a double-storey commercial
and residential property being brought to market by Michael
Buium of Raine & Horne Commercial.
This 127 square metre freehold property with Mixed Use
zoning on a 227 square metre site features a wide 5.5 metre
frontage, and consists of a ground-level shop and a first-floor
two-bedroom residence.
The upstairs apartment includes a kitchen, bathroom,
lounge room, and full-length front balcony, while a huge
backyard at the rear of the property is perfect to
accommodate possible extension and redevelopment (STCA),
and rear access via High Street.
The ground-level shop currently includes a spacious front
retail area, staired access to the upper level, and a convenient
separate back room, as well as rear parking.
This perfect investment/development opportunity is
situated in the absolute heart of Bronte Road Shopping
Village, with immediate proximity to Bondi Junction, and
surrounded by a mix of well-established businesses, including
cafés and eateries, excellent public transport, schools and a
strong residential catchment.
318 Bronte Road, Waverley will be sold by public auction on
Wednesday 11 November at 11am.
For more information, contact Michael Buium on
0408 385 385 or Michael.Buium@rhc.com.au.
Double the
appeal in Bondi
77 Bondi Road in Bondi, New South Wales, presents a rare
opportunity from Raine and Horne Commercial to secure a
fully leased, long-established medical practice, along with a
fully renovated first-floor three-bedroom apartment.
The 188 square metre building, with Mixed Use B4 zoning,
sits on a 217 square metre site and features dual frontage to
Bondi Road and Ocean Lane right in the heart of one of
Sydney’s most popular retail and dining hubs.
The bright and spacious ground-floor medical practice
includes five consulting rooms, a spacious front office/waiting
room and bathroom facilities.
The upstairs apartment includes an open-plan living and
dining room, a modern kitchen, two bathrooms and three
bedrooms, along with front and rear balconies and laundry
facilities.
The property currently returns rent of $131,820 per annum
plus GST and outgoings, and includes rear access and
parking with five car spaces.
77 Bondi Road in Bondi, New South Wales will be sold via
public auction on Wednesday 11 November at 11am.
For more information, contact Michael Buium on
0408 385 385 or Michael.Buium@rhc.com.au.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 - 3 + 3 + 3 years
Situated on a 217sqm* site features dual frontage to Bondi - Current rent - $131,820 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
Auction SHOP & RESIDENCE WITH
ENORMOUS POTENTIAL Auction PROMINENT COMMERCIAL
& RESIDENTIAL TERRACE
WEDNESDAY 11TH NOVEMBER @ 11am Property ID:
L3810592
318 Bronte Road, Waverley 9 REGENT ST, PADDINGTON
- Land Area 217sqm approx. - Potential to redevelop - Land Area 134sqm approx.
- Building Area 127sqm - Rear access parking - Building Area 175sqm
- Over 160 enquiries received, 12 Contracts issued and 30 inspections
CONTACT: Michael Buium 0408 385 385 or Melissa Iannelli (02) 8095 6269 CONTACT: Michael Buium 0408 385 385
Suite 203/2-8 Elizabeth Street, Paddington NSW 2021 Ph: (02) 8095 6269 rhcommercial.com.au/bondijunctionPROPERTY WEEKLY
INSIDER’S
23 October 2020 LOOK:
Rob Lowe’s
Californian
mansion
3 tips to paying off your
mortgage in half the time
propertyweekly.net.au2 | PROPERTY WEEKLY
04 06
Editor’s note
In today’s world of meetings, interviews and even concerts
happening from home, the ‘stickybeak’ in me has loved getting
little sneak peeks into the private homes of the rich and famous!
Beyond the awe-inspiring mansions and sleek designer
penthouses, what dawned on me is that from Australian
sweethearts to Hollywood megastars, we all have to deal with
that drinking glass absentmindedly left pooling water on a
wooden table, scattered toys thrown all over the living room floor,
and used-but-not-dirty clothes piled onto that armchair in the
bedroom.
I fell in love with Chrissy Teigen and John Legend’s kitchen with
CONTENTS
its truly impressive island bench that’s just made for warm and
cosy family meals, I laughed in sympathy at Carrie Bickmore when 4 KNOW THE MANUFACTURER:
her toddler did Sharpie drawings on her beige couch, and tried to A. H. BEARD
zoom in on videos and photos countless times to discover what
books were displayed on Hugh Jackman’s bookshelves. Discover the history behind Australian mattress
I am truly loving the way high-profile individuals are showing us manufacturer A. H. Beard.
a more human side to themselves and revealing that under the
glitz and glamour and behind the lenses of professional cameras, 6 INSIDER’S LOOK: ROB LOWE
we’re really not that different after all! A sneak peek into Hollywood heart-throb Rob Lowe’s
20-room Californian mansion.
Belle 7 PAY OFF YOUR HOME
Belle Kwan LOAN IN HALF THE TIME
Editor Finance expert Max Phelps offers three useful tips to
belle@propertyweekly.net.au smashing your mortgage in record time. 07
Cover image: Cosh Living.
Managing design and construction or a
renovation can be a stressful process.
Before you start, speak to Nathalie Scipioni.
She has been designing dream homes for
over 20 years. With a doctorate in
Architecture from Italy and as a NSW
Registered Architect, she can bring your
ideas to life.
Email nathalie@nsstudio.com.au or
SMS her on 0422 2111 07
teams. The final result was outstanding.
“Very professional team, great communication between teams. The final result was outstanding.
design teams and construction teams. The final result
was outstanding. Would not hesitate to recommend to
anyone considering renovations to their property.” teams. The final result was outstanding.
- Susan M
377 NEW SOUTH HEAD ROAD,
NSSTUDIO DOUBLE BAY, NSW, 2028, AUSTRALIA
+61 298182237
INFO@NSSTUDIO.COM.AUNodi Easy Chairs by Tribu Otway Sofa & Johanna Ottomans by Kett Ahnda Wing Chair by Dedon
See in-store for spring promotion details.
brands for indoors and out.
Elio Lounge Chair & Natal Alu Sofa by Tribu Addis Table & Wye Chairs by Kett
Luxurious furniture from leading designer
Otway Dining Table & Armchairs by Kett
www.coshliving.com.au
02 9317 3011
Level 1, 69 O’Riordan Street, Alexandira
Exclusive to4 | PROPERTY WEEKLY
KNOW THE
MANUFACTURER: A.H. Beard
A
.H. Beard is a fourth-generation Australian owned growth, setting up camp in Auckland, New Zealand. A
and operated family business that manufactures in year later A.H. Beard acquired Suparest Bedding in
all states and employs over 450 Australians, with the Victoria and Tasmania for localised manufacturing and
fifth generation now mastering their craft. distribution, with the acquisition of SleepHaven Bedding in
In 1899, Enoch Beard established the Australian Bedding South Australia to complete the national operations and
Mill, producing handmade straw palliasses and tufted distributions grid.
mattresses. After two-and-a-half decades, the Australian Before the turn of the century, AH. Beard acquired the
Bedding Mill burned to the ground in 1926, leaving Enoch 90-year-old bedding firm Domino, as well as the inaugural
ruined. award for Australian Family Business of the Year. In 2012,
With only a gold half sovereign and a strong work ethic A.H. Beard was inducted into Family Business Australia’s
to his name, Enoch’s son Albert rebuilt the business. Hall of Fame.
Equipped with black-and-white striped ticking, flock, In 2015, the Sydney branch moved into a new purpose-
kapok and horsehair, Albert and his wife Ada began built facility in Padstow, housing the head office and NSW
making mattresses by hand. By 1946, Albert’s son Austin manufacturing. A.H. Beard was then named the official
had embraced modern technology and begun importing mattress partner of the Australian Institute of Sport. The
the latest bedding-spring machinery into Australia. company then expanded exports into South Korea, with
In 1970, A.H. Beard introduced King Koil, the first China already enjoying 35 A.H. Beard branded stores to
chiropractic-approved mattress to be made in Australia. satisfy the demand for Australian-made product in
The globally recognised brand is now licensed in over 90 overseas markets.
countries to local manufacturers. It was A.H. Beard’s The full range of both A.H. Beard Domino and King Koil
innovation that realised the patented Reflex Support by A.H. Beard are available at Beds Australia in Rose Bay,
System now in King Koil mattresses made in Australia and who are A.H. Beard’s best independent store in Sydney.
New Zealand.
Beds Australia, 503 Old South Head Road, Rose Bay
By 1996, fourth generation brothers Garry and Allyn www.bedsaustralia.com.au.
embarked on a period of national and internationalbedsaustralia.com.au 503 Old South Head Road Rose Bay 1300 588 788
6 | PROPERTY WEEKLY
Insider’s look:
Rob Lowe’s 20-room Californian mansion
OCATED in star-studded Montecito in California, with names
L like Oprah Winfrey and Ellen DeGeneres to call neighbours,
actor Rob Lowe’s stunning East Coast-styled residence was
recently sold for $US45.5 million.
Known for starring in films like The Outsiders and Oxford Blues,
as well as TV series The West Wing, Lowe and his wife Sheryl lived
in this grand mansion that housed multiple living and
entertaining spaces, a massive white kitchen, eight bedrooms, a
movie theatre, a gym and a wine cellar.
Spread across an approx. 930 square metre block, the property
also includes a two-bedroom guesthouse, one-bedroom pool
house, a swimming pool with spa, tennis court, various water
features and landscaped lawns with a vegetable garden.
Story supplied by toptenrealestatedeals.com.
Photos: Jim Bartsch
Photo: Hutchinsphoto | Dreamstime.comPROPERTY WEEKLY |7
.
co m
sti m e.
re a m
at | D
oonr
: Po p Nuk
P h o to
PAY OFF YOUR
home loan in half the time
Recognised finance “To break this down, a $500,000 dollar loan at three per plan on charging you, Phelps explains.
cent over 30 years has repayments of around $2,100 per According to Phelps, using the $500,000 loan example
expert Max Phelps month. Two-thirds of this is $1,400 per month, so you above, banks will actually assess your ability to repay the
offers three tips on would need to pay just under $3,500 per month to pay it loan at five-and-a-half per cent (two-and-a-half per cent
off in 15 years, assuming constant interest rates.” higher than the three per cent rate in the example),
getting rid of your Here are Phelps’ three things you can do in order to meaning repayments of $2,840 a month instead of
mortgage in afford those extra repayments: around $2,100 a month. Paying this increased monthly
rate rather than the minimum will reduce a 30-year loan
record time. down to just over 19 years.
1. PLAN AHEAD Phelps emphasised, “The trick is to control expenses, so
you don’t fall into the trap of paying the minimum and
FOR YOUR HOME LOAN spending the rest.”
AYING off your mortgage and securing your desired
P level of financial freedom can be an extremely
difficult task. Financial coach Max Phelps, founder of
Golden Eggs Home Loans, author and creator of the
‘Five-2 Money Diet’ strategy is on a mission to alleviate
Phelps recommends taking out a loan of “no more than
four-and-a-half times your gross income” and putting half
your net pay towards that loan, or around five times your
income with at least a 10 per cent deposit.
3. FIND SOME
EXTRA INCOME
“Banks will often offer to lend you six to seven times your “Renting out a spare room, hosting international students,
people’s worry about money and help them achieve their income, but unless you’re expecting big pay rises, or a
financial goals. asking for a pay rise, or taking a second job” are some of
partner returning to work, you’ll be very stretched.” Phelps’ suggestions you might be able to consider in order
“For a lot of Australians, paying down the mortgage is
to be able to pay an extra two thirds of your standard
currently their largest financial goal. Honestly, I have had a
mortgage repayment.
lot of sideways looks when I have said this – but it is 100 2. CONTROL Overall, Phelps’ advice is: “Always to borrow within safe
per cent possible for most people to pay it down in half
the time,” Phelps said. YOUR EXPENSES limits, maximise income, control expenses and put around
half your income towards paying off your loan.”
“The only way […] is to pay more than the minimum. The When you take out a mortgage, the bank assesses your
good news is, […] you just need to add two-thirds. ability to repay based on a higher interest rate than they www.goldeneggs.infoYou can also read
