Edwardian residence is a refined blend of heritage charm
Style, heritage and design pedigree combine at \the Armadale home of Husk founder Jacquie Naylor, a showcase of timeless elegance and modern sophistication.
2 min
In the domain of design, Jacquie Naylor knows what works, so it is no surprise that her Melbourne home is an essay in style and sophistication.
The acclaimed fashion entrepreneur and founder of luxury lifestyle brand Husk has been front and centre in shaping the nation’s retail landscape for decades.
Naylor has previously held senior non-executive roles with Michael Hill, Macpac, Cambridge Clothing, and the PAS Group. The fashion doyenne also sat on the board of the Melbourne Fashion Festival for 12 years. Earlier this year, she stepped down after six years as a non-executive director on the board of Myer.
Now she is making another significant move, selling her Armadale home of three decades.
Listed with Kay & Burton agents, Gerald Delany and Nicole Gleeson, the grand late-Edwardian residence at 39 Glassford St is a refined blend of heritage charm and contemporary flair in one of the city’s most desirable postcodes.
“Jacquie’s home reflects the same sophisticated aesthetic and attention to detail that have defined her professional life,” said Delany, who is marketing the property with a $5.5 million to $6 million price guide.
“It’s a rare chance to purchase a residence shaped by an industry leader with an exceptional eye for design and quality.”
Designed in collaboration with Mark Simpson of Design Office, the home expertly combines classic architectural features with sleek modern interiors.
Original Edwardian detailing includes ornate ceilings, leadlight windows, and decorative fireplaces sitting seamlessly beside 21st-century finishes and clever design principles that bring in natural light and provide functional living areas.
The two-storey home is connected by both a spiral staircase and an internal elevator, with the main living level on the ground floor, and three bedrooms, plus a rooftop terrace above.
Downstairs, there are multiple entertainment areas, including a lounge room with a fireplace and French doors to the yard, as well as a sitting room and a second living space.
A chef’s kitchen features ILVE, Miele, and Liebherr appliances, a butler’s pantry, and marble bench tops. The dining area feeds through full-height metal-framed glass doors to the north-facing terrace, gardens and gas-heated swimming pool.
Conveniently sitting on the ground floor, the main bedroom suite has a walk-in wardrobe and a hotel-inspired ensuite with a tub.
Upstairs, three more bedrooms feature custom-made cabinetry. Two bedrooms share a full family-friendly bathroom, while a guest room has an ensuite with underfloor heating.
Up above, a roof terrace is the ideal vantage point to enjoy panoramic views of the city and its surroundings.
Additional highlights of the home include zoned heating and cooling, heated towel rails, a lock-up garage, electric-gated driveway parking, and irrigated gardens with feature lighting.
Armadale is synonymous with leafy streets, grand period homes, and designer boutiques. The Glassford St house is 6kms southeast of the CBD and is close to the High St shopping strip, Beatty Ave cafés, and Armadale Station. Lauriston Girls’ School, Armadale Primary School, St Catherine’s and Scotch College are also nearby.
The property at 39 Glassford St, Armadale, is listed via an expression of interest closing October 28, at 5pm, with a $5.5 million to $6 million price guide.
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As interest rates, inflation and market sentiment fluctuate, investors are being urged to focus on data, not panic.
Australia’s housing affordability crisis is being fuelled by chronic undersupply, planning delays and rising development costs, as politicians continue to focus on the wrong solutions.
3 min
Australia’s housing crisis will not be solved by first-home buyer incentives or tax changes alone, with leading property figures warning governments must tackle supply constraints if affordability is to improve.
Speaking at the Kanebridge Quarterly Property Leadership Summit in Sydney last week, expert project marketing specialist Sam Elbanna, property investor and fund manager Paul Miron and property consultant Karla McNeice said that a lack of housing supply remained the central issue facing the market.
Elbanna, Director of CPM Realty with more than 30 years’ experience in project sales, argued that successive governments had focused too heavily on stimulating demand rather than addressing the barriers preventing new housing from being delivered.
“The misconception is that politicians think the way to solve the housing crisis is to drive demand,” he said.
“The reality is that’s not the way. This is a supply-side problem, and it needs to be solved on the supply side.”
Drawing on his experience in project sales, Elbanna said policies designed to help first-home buyers often had unintended consequences, pointing to previous grants that ultimately flowed through to higher property prices.
Instead, he said developers were facing increasing red tape, approval delays and rising costs, which were discouraging new housing supply.
“In the absence of stock, demand exceeds supply,” he said.
Miron, a Co-Founder and Fund Manager of Msquared Capital, said the housing debate had become overly focused on tax policy while overlooking broader structural issues.
He argued that affordability challenges stemmed from a combination of factors, including planning constraints, supply shortages, migration levels and interest rates.
“No-one can be 100 per cent certain on the real reason for property prices is going up,” he said.
“The reason why property prices are higher is a combination of interest rates, lack of supply, migration, vacancy rates and maybe taxes play a role.”
Miron was critical of recent federal housing policy changes, warning they could reduce the number of new homes being built and further constrain supply that was even highlighted in the budget.
He also highlighted the importance of the property sector to the broader economy, noting that residential real estate and related industries employed more than one million Australians.
McNeice, who advises developers on sales strategy and market intelligence, said understanding buyers had become increasingly important as affordability pressures intensified.
While affordability remained a major consideration, she said today’s buyers were focused on value rather than simply price.
“People are looking for value for money,” she said.
She said buyers were increasingly evaluating factors such as transport connections, walkability, nearby amenities and flexible living spaces that could accommodate changing family needs.
“What infrastructure is going on? Can I walk to the shops? Can I meet people at the local cafe?” she said.
The panel also discussed the mounting pressures facing developers, with Elbanna arguing that many projects become financially unviable from the moment a site is purchased.
“The viability of a development happens at the moment the site is bought,” he said.
He said rising construction costs, higher interest rates and overly optimistic feasibility assumptions had left some developers exposed as market conditions changed.
While acknowledging the growing number of smaller and first-time developers entering the market, Elbanna said property development required expertise across finance, construction, marketing and legal disciplines.
“It is actually a business that requires a level of expertise,” he said.
Looking ahead, the panel agreed opportunities remained in the market despite current challenges.
Miron said property should continue to be viewed as a long-term investment and cautioned against trying to time short-term market movements.
McNeice said success would increasingly depend on identifying projects that genuinely met changing buyer expectations.
Elbanna said affordable housing remained achievable, but developers needed to deliver more than just homes.
“We can provide affordable housing in this country,” he said.
“But we’ve got to wrap that affordable housing with the things that people want.”
As Australia’s housing affordability debate intensifies, the panellists agreed on one point: without a meaningful increase in housing supply, demand-side measures alone are unlikely to solve the nation’s property challenges.
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