A Luxury Family Farm Hits The Market
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A Luxury Family Farm Hits The Market

The 20-acre estate overlooks a landscape of Flinders’, in Victoria’s Mornington Peninsula,

By Terry Christodoulou
Fri, Feb 25, 2022 12:24pmGrey Clock 2 min

Few pastoral homes offer the same heightened levels of lush greenery and luxury presented in this private and privileged estate.

The 20-acre estate overlooks a landscape of Flinders’, in Victoria’s Mornington Peninsula, purest grazing land and water views towards The Nobbies and Phillip Island.

The farm gate entrance leads one through a rich working organic vineyard and established gardens to a stunning oasis.

The property boasts 7-bedrooms, 4-bathrooms and a 2-car garage spread among a multitude of structures around the expansive plot.

The main farmhouse offers a modern take on rural-chic through the heady combination of blackened timbers, lofty ceilings, exposed beams and rustic tiling, retaining plenty of character.

The heart of the home is the kitchen, complete with Liebherr refrigeration, Aga, V-Zug, Asko and Miele appliances throughout and a temperature-controlled cellar tucked away nearby

Within the main house are five of the seven bedrooms, including the stunning main with large walk-in-robes and an oversized ensuite that offers views of the landscape from the luxurious bathtub.

While the main house offers many luxuries — including hydronic heating, air conditioning, heated bench tops and floors, open fireplaces throughout and home automation systems — it is the property’s limbs that steal the show.

From the kitchen and attached open plan living comes an entertaining area complete with built in barbecue and pizza oven while further exploration will take one down to the mod grass tennis court and heated self-cleaning pool and spa complemented by the large fire pit area.

Built as the ultimate entertaining the property is the Mornington Peninsula’s ultimate private amusement centre with the ‘party barn’, separate to the main house, fitted with sunken leather lounges, a double-sided Philippe Cheminee open fire.

Also here is a top of the range golf simulator, a selection of traditional and electronic games, and fully automated bowling alley. Large barn doors and windows open to an outdoor entertaining area that’s complemented by a moonlight cinema that brings the grounds to life.

In addition to the long list of mod-cons comes a two-bedroom air-conditioned villa, located within the eucalypts that provides ideal year-round guest accommodation or executive home office.

Of course, the property is a working farm, with a vineyard and livestock, the latter of which are protected via a fox-proof enclosure for chickens and goats and an additional two paddocks for pigs, donkeys and alpacas.

The property is listed with Sotheby’s International Realty Mornington Peninsula’s Rob Curtain (+61 418 310 870). Price guide; $27.5 – $30 million. melbournesothebysrealty.com



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Expert tips for prospective buyers looking to purchase a home in 2024.

By Josh Bozin
Fri, Apr 12, 2024 3 min

For aspiring homeowners, be it a first-time buyer, downsizer, or investor, picturing your idea of homeownership bliss is the easy part. But before deliberating on furniture choices or scouting for that perfect neighbourhood coffee, understanding your purchasing power stands out as the most important step in ensuring your success in homeownership.

And with the Australian property market gaining momentum in 2024, there’s never been a better time to come to grips with your financial options.

In 2023, amid the changing financial landscape that saw rising interest rates and the cost of living skyrocket, among other factors, the total amount borrowed for property purchases across Australia was estimated at $300.9 billion, a 12.7 percent decrease from the previous year, according to PEXA’s latest Mortgage Insights Report.

Each mainland state also experienced a decline in new lending, according to the report, with Victoria and New South Wales seeing the biggest drops to $84.1 billion and $109.5 billion, respectively.

While this trend reflects the repercussions of such financial hardships on the everyday Australian, John Morello, director and auctioneer at Jellis Craig, said we’re seeing renewed confidence in the property market during the first quarter of 2024, particularly in Melbourne.

“Auction clearance rates have started the year strongly and consumer sentiment is rising. This lift is driven by cooling inflation and an improved outlook on interest rates. At Jellis Craig, as with the rest of the market, we are experiencing an increase in volume of property compared to the same period in March last year (up 28% in 2024),” Mr Morello said.

“Melbourne’s property market, in particular, is showing its ongoing evolution and resilience.”

PEXA’s report revealed that, while borrowing saw a decrease in 2023 in Australia, Australians still invested $613.0 billion in property purchases in 2023. In 2024, purchasing confidence is only going up, as prospective first home buyers, seasoned downsizers, and savvy investors look to capitalise on a flood of new property hitting the market, coupled with the lowering of interest rates across the board.

“With more certainty in the economic outlook, along with an increase in volume of property available, we are seeing these factors translate to early signs of a boost in confidence in both buyers and sellers,” said Mr Morello.

“Further encouraging data shows that whilst there is more property available to purchase, more people are inspecting property, again indicating that demand has increased broadly across our marketplace.”

If you’re in the market for a new property, the biggest question you must ask yourself is how much house can I afford?

A great starting place is to speak with your mortgage broker or financial professional, who can guide you on your lending options. This is critical, as you need to know what your future repayment options might look like, and ultimately, what you will typically be able to afford.

A useful tool for judging whether you can afford a specific property is to factor in the 28/36 rule — a rough guide that suggests you should not spend more than 28 percent of your gross monthly income on housing, and no more than 36 percent on all debts. Another useful tool is the idea of a debt-to-income ratio (DTI); a formula whereby an individual can divide all of their monthly debt payments by gross monthly income to arrive at a number that one can measure as a way of managing monthly mortgage payments.

Mr Morello emphasised the need to understand affordability and what’s feasible for each individual when looking to make a purchase, no matter the budget, on a property in 2024.

“It’s pivotal to work out what you can afford. Get your finances in order. Consider all associated costs with buying, and research what concessions and grants are available,” said Mr Morello.

“It’s easy for individuals to begin the process today. Start actively searching potential properties on a weekly basis, and research areas you are interested in. Check weekly sales results, attend inspections and auctions, to get a feel for the process. Just remember, it’s important to be really comfortable in understanding your living expenses, and what the ongoing expenses will be once you have bought a property.

“For example, mortgage repayments, council rates, water, power, owners corp fees, insurances, maintenance costs; if you are buying as an investment, the Land Tax payable on that property which is an ongoing tax. There’s many factors to consider.”

To see what’s possible for your specific circumstances, visit our Finance Portal for specific tools, guides and tips—as well as our own mortgage calculator—to assist you on your property journey.

 

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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

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