Newport icon with oceanfront poise shatters sale records
A fusion of Japanese minimalism and coastal luxury, this Newport beachfront home by Peter Stutchbury is a modern classic.
2 min
Sydney’s renowned ‘Copper House’ in Newport has shattered beachfront sale records, selling for $17.5 million – the highest price ever achieved for a beachfront property between Freshwater and Whale Beach.
Although it sits just off the sand at Newport in Sydney’s Northern Beaches, this Myola Rd residence takes its cues from global design practices.
The four-bedroom home was the original vision of investment banker-turned-yoga devotee Eriko Kinoshita and her husband, Clive Mayhew, a former executive at Netscape.
The couple bought the land in 1992 for $750,000 and engaged Peter Stutchbury and his team to create a fusion of Japanese and Western influences that demonstrate Asian minimalism and relaxed Aussie living.
Award-winning Bellevarde Constructions completed the home in 2006. However, despite its almost two decades, the modern beach house with its striking copper roof still stands the test of time along one of Sydney’s most coveted waterfront parcels.
Kinoshita and Mayhew sold the Myola beach pad back in 2016 for $7.9 million, then it exchanged hands again in 2019 for $8.5 million. Today, the home on 1146sq m of level oceanfront land is listed via a private treaty campaign with a guide of $15.5 million to $17 million through Ray White Northern Beaches agents Emma Blake and Sasha de Bilde.
One of only four properties on the short street, the house is a local landmark thanks to its iconic asymmetrical roofline.
Upon entry, a tranquil reflection pond pulls focus along a gallery foyer and the open plan ground floor space combines living and dining as well as the state-of-the-art entertainer’s kitchen. In addition to high-end appliances, the kitchen has a butler’s pantry and Italian Copper bench tops, which pay homage to the unique exterior of the house.
The living zone peels back via sliding doors to connect the house with not only a lush landscaped lawn, but also the prized beachfront deck and ocean.
For those days when the Pacific is too wild to play safely, the 23m hydronic heated and tiled lap pool, plus the separate hot tub, make perfect relaxing alternatives.
On the same level, there is also a private study, a family room for movies, a barbecue side terrace and access to a 1000-bottle wine cellar.
Up on the accommodation level, the main bedroom is home to a sleek bath ensuite, ample walk-in wardrobe space and more sliding doors to showcase the enviable water view.
The remaining bedrooms upstairs feature custom-made built-ins and copper louvres controlling the natural sunlight throughout the day.
Added extras of the Newport beach house include an outdoor shower, iPad-controlled designer lighting, security gates with keyless entry and a double lock up garage with additional storage.
Victorian auction buyers will soon receive a piece of information that has traditionally been withheld until bidding reaches it: the vendor’s reserve price. Under new property-sale and underquoting laws, agents must publish the agreed reserve at least seven days before an auction or fixed-date sale. Most changes begin on 1 October 2026 and apply to …
Continue reading “Victoria’s New Auction Rules Will Force Reserve Prices Into the Open”
Four decks, 34.5 metres and a made-to-measure interior: step aboard the new Custom Line Navetta 35, unveiled at Cannes.
2 minVictorian auction buyers will soon receive a piece of information that has traditionally been withheld until bidding reaches it: the vendor’s reserve price.
Under new property-sale and underquoting laws, agents must publish the agreed reserve at least seven days before an auction or fixed-date sale. Most changes begin on 1 October 2026 and apply to auctions and fixed-date sales held from 16 October.
The reserve must be presented as a single dollar amount. Advertising and the new Property Price Statement must be updated to match it, without qualifiers such as “from”, “over” or “starting at”. If the reserve has not been published seven days before the scheduled sale, the auction or fixed-date sale cannot proceed and penalties may apply.
For buyers, the immediate benefit is clearer budget discipline. A purchaser should be less likely to pay for inspections, strata reviews, contract advice and loan preparation on a property whose seller will not accept a price within the advertised range.
That does not mean the published reserve predicts the result. Competitive bidding may still carry a property far beyond it. Nor does it remove the need to value the property independently. The reserve is the seller’s minimum at that stage of the campaign, not an expert statement of market value.
The Statement of Information will be replaced by a more prominent Property Price Statement. Agents must disclose key features of the property and of the comparable sales used to support the quoted price. Where three appropriate comparables cannot be identified, one or two must be supplied if they exist.
Sold-price transparency will also increase. Agents must add the unconditional sale price to the Property Price Statement within seven days and keep that statement available publicly for at least 18 months, subject to limited exemptions including personal or family-violence concerns.
Later changes will require Section 32 vendor statements to be made available earlier, including at least 14 days before an auction or fixed-date sale from June 2027. From July 2027, agents will be prevented from taking commission from deposits released before settlement.
Vendors and agents will need to adjust campaign strategy. Setting a reserve earlier may reduce last-minute flexibility and make price expectations more visible to competing buyers. Some vendors may prefer private treaty campaigns, although those sales remain subject to broader pricing and disclosure laws.
For buyers, the practical response is not simply to bid up to the disclosed reserve. Use it as one data point alongside comparable sales, building and pest reports, owners-corporation records, planning constraints and finance approval. Decide on a maximum before the auction and do not confuse the seller’s minimum with your own valuation.
Key dates
– 1 October 2026: Most new rules commence
– 9 October 2026: First reserve disclosures may be required for sales on 16 October
– 16 October 2026: New reserve rules apply to auctions/fixed-date sales from this date
– 1 June 2027: Earlier Section 32 availability begins
– 1 July 2027: Restrictions on commission from released deposits begin
– 1 December 2027: Broader sold-price reporting to Consumer Affairs begins
Singapore’s Formula 1 weekend has always looked different. Held beneath floodlights on the Marina Bay Street Circuit, the race transforms the city into a nocturnal spectacle of speed, heat and saturated colour. It is this distinctive atmosphere — and one of Singapore’s most important natural symbols — that has shaped IWC Schaffhausen’s latest motorsport-inspired watch. …
Continue reading “IWC’s purple Formula 1 chronograph pays tribute to Singapore after dark”
A long-standing cultural cruise and a new expedition-style offering will soon operate side by side in French Polynesia.
