Sprawling estate in Geelong has long history
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Sprawling estate in Geelong has long history

A sprawling estate in Geelong surrounded by picturesque landscaped grounds, Raith has a long history as the home to a local merchant, a former mayor and a popular AFL star.

By Kirsten Craze
Fri, Jul 11, 2025 8:30amGrey Clock 2 min

A sprawling estate in Geelong surrounded by picturesque landscaped grounds, Raith has a long history as the home to a local merchant, a former mayor and a popular AFL star.

Listed via an expressions of interest campaign with McGrath’s David Cortous, the palatial Victorian-era residence on 6434sq m has come to market with a price guide of between $8.5 million and $9.3 million. If it hits the mark, the sprawling property promises to break its own 2021 price record of $6.3m and hold the title of Geelong’s most expensive home.

Raith, located on Raith Terrace in the heart of scenic Newtown, was also formerly known as Malboona and Atlantis Heights during its 160-year lifespan. Erected in stages, the original modest dwelling was designed by Snell and Prowse Architects in 1864 for Frederic Bauer, an importer and merchant.

By 1881, Geelong architect Joseph Watt designed extensive alterations and additions including an encircling iron veranda for JH Grey, a solicitor at Taylor, Buckland & Gates and nine-time Mayor of Newtown and Chilwell. The colourful character later left Geelong and was eventually arrested in Fiji on a charge of misappropriating the funds of his clients. He was eventually brought back to Sydney and faced charges in Melbourne, according to a 1901 article in the Geelong Advertiser.

Decades later, footballer Bob “Woofa” Davis – affectionately known as The Geelong Flier – lived at Raith. The Geelong Cats player represented the team in the 1940s and 1950s and then went on to coach the Cats in the 1950s and 1960s.

Fast forward to the 21st century, and architect David McDonald curated a modern day extension with sympathetic renovations and a commitment to sustainable design principles.

Today the five-bedroom, five-bathroom homestead with a separate three-bedroom cottage is an idyllic representation of a Victorian estate, blending country elegance with  contemporary class.

When it comes to great first impressions, Raith takes the architectural cake. Upon entry there is a grand cathedral ceiling which sets the scene for the remainder of the stately home. All the hallmarks of yesteryear have been carefully retained with stained glass windows, ornate fireplaces and iron lacework.

With such a significant footprint, the house has multiple living zones for either intimate family living or large-scale entertaining.

At centre stage, the open-plan living and dining space houses a state-of-the-art kitchen with stone surfaces, a vast eat-at island, and a big butler’s pantry.

A substantial entertainer’s pavilion opens out to manicured gardens with an additional glasshouse-style wellness zone that is home to a heated 25m swimming pool, plus a sauna, spa, and gym.

In the main bedroom there is a large walk-in wardrobe as well as a luxury ensuite.

A separate wing means children have their own space, complete with a games room and three bedrooms, each featuring walk-in wardrobes and ensuites.

Added extras include a newly renovated office, a music room or fifth bedroom, and an expansive underground wine cellar, hydronic heating and air conditioning throughout, an integrated multi-room Sonos sound system, video surveillance, two four-car garages plus two large storage sheds.

For visitors, or an additional income stream, the property also has a self-contained three bedroom guest house with private veranda.

Raith Terrace is close to Fyansford Common, Queens Park, Elderslie Reserve and local schools.

 

Raith at 2a Raith Terrace, Newtown is listed with McGrath Geelong agent David Cortous. The price guide is $8.5 million to $9.3 million via an expressions of interest campaign closing on July 21.



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Buyer demand, seller confidence and the First Home Guarantee Scheme are setting up a frantic spring, with activity likely to run through Christmas.

By Jeni O'Dowd
Thu, Oct 2, 2025 2 min

The spring property market is shaping up as the most active in recent memory, according to property experts Two Red Shoes.

Mortgage brokers Rebecca Jarrett-Dalton and Brett Sutton point to a potent mix of pent-up buyer demand, robust seller confidence and the First Home Guarantee Scheme as catalysts for a sustained run.

“We’re seeing an unprecedented level of activity, with high auction numbers already a clear indicator of the market’s trajectory,” said Sutton. “Last week, Sydney saw its second-highest number of auctions for the year. This kind of volume, even before the new First Home Guarantee Scheme (FHGS) changes take effect, signals a powerful market run.”

Rebecca Jarrett-Dalton added a note of caution. “While inquiries are at an all-time high, the big question is whether we will have enough stock to meet this demand. The market is incredibly hot, and this could lead to a highly competitive environment for buyers, with many homes selling for hundreds of thousands above their reserve.”

“With listings not keeping pace with buyer demand, buyers are needing to compromise faster and bid harder.”

Two Red Shoes identifies several spring trends. The First Home Guarantee Scheme is expected to unlock a wave of first-time buyers by enabling eligible purchasers to enter with deposits as low as 5 per cent. The firm notes this supports entry and reduces rent leakage, but it is a demand-side fix that risks pushing prices higher around the relevant caps.

Buyer behaviour is shifting toward flexibility. With competition intense, purchasers are prioritising what they can afford over ideal suburb or land size. Two Red Shoes expects the common first-home target price to rise to between $1 and $1.2 million over the next six months.

Affordable corridors are drawing attention. The team highlights Hawkesbury, Claremont Meadows and growth areas such as Austral, with Glenbrook in the Lower Blue Mountains posting standout results. Preliminary Sydney auction clearance rates are holding above 70 per cent despite increased listings, underscoring the depth of demand.

The heat is not without friction. Reports of gazumping have risen, including instances where contract statements were withheld while agents continued to receive offers, reflecting the pressure on buyers in fast-moving campaigns.

Rates are steady, yet some banks are quietly trimming variable and fixed products. Many borrowers are maintaining higher repayments to accelerate principal reduction. “We’re also seeing a strong trend in rent-vesting, where owner-occupiers are investing in a property with the eventual goal of moving into it,” said Jarrett-Dalton.

“This is a smart strategy for safeguarding one’s future in this competitive market, where all signs point to an exceptionally busy and action-packed season.”

Two Red Shoes expects momentum to carry through the holiday period and into the new year, with competition remaining elevated while stock lags demand.

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