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.
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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.
Ophora Tallawong has launched its final release of quality apartments priced under $700,000.
From bushland greens to valley reds, the country’s most awarded designers are proving that the best colour palette was never on a swatch card; it was outside the window all along.
Ophora Tallawong has launched its final release of quality apartments priced under $700,000.
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Ophora Tallawong has launched its final release of apartments, positioning itself as one of the last opportunities for buyers to secure a new Sydney home below $700,000.
The project, located in one of the city’s fastest-growing corridors, is offering rare buyer protections at a time when affordability is tightening and competition for quality stock is intensifying.
According to JLL’s Q2 2025 Apartment Market Overview, Sydney’s median apartment price has already climbed to $795,000, setting a record.
With interest rates now on a downward trend and supply still heavily constrained, experts warn that today’s price brackets may not exist next year.
Ronnie Rahme, Development Manager at KDMC, said buyers were responding to the combination of quality and value.
“You simply don’t see this level of finish at these price points anymore,” Rahme said. “That’s why demand has been so strong for this final release.”
Dr Andrew Wilson, Chief Economist at My Housing Market, says the economic drivers are clear. “High rents and higher prices continue to provide clear incentives for first-home buyers and investors chasing solid investment returns,” he told Kanebridge News.
“New government initiatives to support first-home buyers will also act to place upward pressure on prices.”
The bigger picture
JLL’s research reinforces that point. While over 15,700 apartments are expected to be delivered nationally this year, a 40% uplift on 2024, Sydney remains undersupplied, with demand continuing to outpace completions.
The report also notes that reductions in the RBA cash rate are expected to further fuel buyer activity, with constrained supply continuing to push prices higher into 2026.
With construction costs soaring, Government contributions climbing, and interest rates remaining high, projects are harder than ever to bring to market, putting upward pressure on newly completed apartments.
The pipeline of new supply is shrinking as developers delay or abandon projects that no longer stack up financially.
According to JLL’s overview, only 2,554 completions are forecast for Sydney this year – against annual demand exceeding 30,000 dwellings.
At the same time, population growth, rental demand, and first-home buyer incentives are intensifying competition for limited stock. The imbalance between constrained supply and resilient demand is leaving new apartments scarcer and more expensive across Sydney.
Ophora: Last Chance In Sydney’s northwest
Developed by KDMC and designed by Architex, the $50 million project has launched its final release, with limited availability of 81 brand-new residences from just $545,000 for a one-bedroom, or $695,000 for a two-bedroom, which is far below Sydney’s median and significantly cheaper than nearby competition.
The five-storey development at 37 Reis St, Tallawong, combines affordability with premium inclusions more often seen in luxury builds: ducted air-conditioning, timber floors, premium finishes, fridge cavities with water plumbing, video intercom systems, fibre internet, EV charging, landscaped gardens and a rooftop terrace with sweeping views.
It also comes with something almost unheard of at this price point, a 10-year Latent Defects Insurance (LDI) policy. Typically reserved for multimillion-dollar projects, LDI guarantees structural integrity for a decade and is only awarded to developers with a strong building track record.
SHC Insurance Brokers founder Stefan Hicks acknowledged the rarity of obtaining LDI, particularly for entry-level residential apartment complexes like Ophora.
“Gaining LDI is no mean feat. It’s offered selectively to developers and builders with a quality building history, and it requires both parties to employ an independent inspection service throughout construction,” he said.
“While this insurance is well-established around the world in about 40 countries, in Australia, we’re typically seeing high-end buildings covet LDI. The fact that Ophora has joined this exclusive list of quality-assured builds is a coup for entry-level home buyers.”
Raising the standard for affordable luxury
Rahme says the KDMC team wanted to set a new benchmark.
“Our mission with Ophora has always been clear: to raise the standard of what buyers should expect, regardless of budget,” he said.
“We’ve delivered a collection of apartments with finishes and features you’d usually only find in luxury projects, and we’ve backed it with one of the most stringent insurances available in the market. That gives buyers peace of mind that their investment is protected for the long term.
“People are walking through and realising you simply don’t see this level of quality at these price points anymore, as it’s effectively replacement cost in 2025.
“With rates coming down and limited competition, buyers and investors are moving quickly because they know the window won’t stay open. Investors, who have recently purchased at Ophora, have reported a strong rental demand, with minimum rental yields exceeding five per cent.”
Developments like Ophora, move-in ready, competitively priced and backed by rare structural protections (LDI), may represent the last chance for buyers to secure a sub-$700,000 apartment in Sydney.
View Ophora on cpmrealty.com.au
To arrange a private viewing or request more information, contact Sam Elbanna from CPM Realty: 0411 222 260
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