5 Most Expensive Properties Of 2021
The largest single-dwelling sales of the calendar year.
3 min
Property prices across the nation have risen at unprecedented rates – including within the prestige property market. Sydney’s east continues to dominate the prestige market with four of three of the top five properties sold this year in the blue ribbon enclave of Point Piper.
See the full list below.
29A Wulnulla Road, Point Piper, Sydney, NSW: $37 million
What was one of the more ludicrous headlines of the year, a boatshed located in Sydney’s blue-ribbon enclave of Point piper was sold for just under $40 million, which, at the time of selling, became the most expensive property sold that year.
The two-storey boatshed is set on almost 2000sqm and is complete with a harbourside swimming pool on grounds and one of the largest private marina berths on Sydney Harbour.
More than a boatshed, it holds accommodation on the upper level and, importantly, a DA to convert the property into a house, recently approved by Woollahra Council.
1 Wingadal Place, Point Piper, Sydney, NSW: $40 million
Freight boss Terry Tzaneros purchased the five-bedroom home in the coveted suburb of Point Piper in April for a price between $38 and $40 million. It’s here that the home occupies one of only three absolute waterfront properties on Wingadal place.
Positioned on 961-square-metres of land, the home boasts alfresco terraces, two kitchens and a poolside studio/cabana alongside an expansive entertaining area set on grounds landscaped by Craig Burton.
The home offers elements of alluring modernism with a vaulted copper ceiling on the top level, while its opulent details cascade down to the waterline.
Wolseley Road, Point Piper, Sydney NSW: $40 million
Sydney Football Club chairman Scoot Barlow has sold his non-waterfront Point Piper home in April for around $40 million.
Nick O’Kane, an executive at Macquarie Bank purchased the home on his return to Australia.
Sat atop the hill at Wolseley Road with an aspect overlooking the water and Sydney harbour comes the striking, four-level residence.
Designed by renowned architects Tzannes and Associates, it’s a modern, alluring residence in Sydney’s dress circle.
21 Coppin Grove, Hawthorn, Melbourne, VIC: $40.5 million
Former Australia Post boss Ahmed Fahour sold his Hawthorn mansion in July. The price making it the second-highest ever paid for a residential property in Melbourne.
The standout home, known as Invergowrie was listed in 2018 – with Marshall White’s Marcus Chiminella.
Set on a massive 1.1 hectare block, the home offers five bedrooms and a three-bedroom brick guest house, a bluestone two-bedroom cottage and a hall that double as a gym.
The main homestead is two-storey and is defined by its distinctive colonial-goth architecture. It’s here that the property offers 15 separate rooms and is surrounded by sweeping lawns and gardens, dotted with mature trees.
Level 43/163 Castlereagh Street, Sydney, NSW: $60 million
Much has already been written about the Boyd Residence. The grand, lavish, award-winning penthouse sits some 180-metres above street level offering. 2395sqm in the heart of the CBD.
Spread across three levels comes 4-bedroom, 5-bathrooms and 2 car parking. Inside sees unprecedented levels of privacy and opulence, with 24-hour security.
Accessed via private lift, it opens to a glass wall with built-in champagne storage. Elsewhere a sleek fireplace, multiple seating groupings and walls of glass take in the panorama of the city.
The property was purchased by Ian Malouf, founder of waste management business dial-a-dump who also purchased a $30 million double bay pad and $20 million northern beaches holiday home this year.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
You’ll never guess where they found a little extra room when renovating this west coast house
4 min
There was a time, not too long ago, when the most important must-have for would-be renovators was space. It was all about space to be together and space to be apart.
But as house prices increase across the country, the conversation has started to shift from size for the sake of it towards more flexible, well-designed spaces better suited to contemporary living.
For the owners of this 1920s weatherboard workers’ cottage in Fremantle, the emphasis was less on having an abundance of room and more about creating cohesive environments that could still maintain their own distinct moods. Key to achieving this was manipulating the floorplan in such a way that it could draw in light, giving the impression at least of a larger footprint.
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Positioned on a site that fell three metres from street level, the humble four-room residence had been added to over the years. First order of business for local architect Philip Stejskal was to strip the house back to its original state.
“In this case, they were not quality additions,” Stejskal says. “Sometimes it is important to make sure later additions are not lean-tos.”
The decision to demolish was not taken lightly.
“Sometimes they can be as historically significant as the original building and need to be considered — I wouldn’t want people to demolish our addition in 50 years’ time.”
Northern light hits the site diagonally, so the design solution was to open up the side of the house via a spacious courtyard to maximise opportunities to draw natural light in. However, this had a knock-on effect.
“We had to make space in the middle of the site to get light in,” Stejskal says. “That was one of the first moves, but that created another issue because we would be looking onto the back of the neighbouring building at less appealing things, like their aircon unit.”
To draw attention away from the undesirable view, Stejskal designed a modern-day ‘folly’.
“It’s a chimney and lookout and it was created to give us something nice to look at in the living space and in the kitchen,” Stejskal says.
“With a growing family, the idea was to create a space where people could find a bit of solitude. It does have views to the wider locality but you can also see the port and you can connect to the street as well.”
A garden tap has also been installed to allow for a herb garden at the top of the steps.
“That’s the plan anyway,” he says.
Conjuring up space has been at the core of this project, from the basement-style garaging to the use of the central courtyard to create a pavilion-like addition.
The original cottage now consists of two bedrooms, with a central hallway leading onto a spacious reception and living area. Here, the large kitchen and dining spaces wrap around the courtyard, offering easy access to outdoor spaces via large sliding doors.
Moments of solitude and privacy have been secreted throughout the floorplan, with clever placement of built-in window seats and the crow’s nest lookout on the roof, ideal for morning coffee and sunset drinks.
The house has three bedrooms, including a spacious master suite with walk-in robe and ensuite overlooking the back garden. Adjustable blades on the bedroom windows allow for the control of light, as well as privacy. Although the house was designed pre COVID, it offers the sensibility so many sought through that time — sanctuary, comfort and retreat.
“When the clients came to us, they wanted a house that was flexible enough to cater for the unknown and changes in the family into the future,” Stejskal says. “We gave the owners a series of spaces and a certain variety or moods, regardless of the occasion. We wanted it to be a space that would support that.”
Mood has also been manipulated through the choice of materials. Stejskal has used common materials such as timber and brick, but in unexpected ways to create spaces that are at once sumptuous but also in keeping with the origins of the existing building.
Externally, the brickwork has been finished in beaded pointing, a style of bricklaying that has a softening effect on the varied colours of bricks. For the flooring, crazy paving in the courtyard contrasts with the controlled lines of tiles laid in a stack bond pattern. Close attention has also been paid to the use of veneer on select joinery in the house, championing the beauty of Australian timbers with a lustrous finish.
“The joinery is finished in spotted gum veneer that has been rotary cut,” says Stejskal. “It is peeled off the log like you peel an apple to give you this different grain.”
Even the laundry has been carefully considered.
“The laundry is like a zen space with bare stone,” he says. “We wanted these different moods and the landscape of rooms. We wanted to create a rich tapestry in this house.”
The owners now each experience the house differently, highlighting separate aspects of the building as their favourite parts. It’s quite an achievement when the site is not enormous. Maybe it’s not size that matters so much after all.
Sydney’s prestige market is looking up, here’s three of the best on the market right now.
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
