From the country to the coast
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From the country to the coast

Buyers are falling in love with the many charms of Mollymook

By Kirsten Craze
Thu, Oct 26, 2023 11:15amGrey Clock 5 min

Mollymook is a small town cooking up a huge reputation. Although its permanent population sits at about 3,500, thousands more descend on the coastal patch and surrounding villages each year for a slice of its laidback lifestyle and five star culinary offerings.

Like its beachside peers across the country, Mollymook on NSW’s South Coast turned heads during the pandemic years. City slickers narrowed in on the space, serenity and affordability of the region transforming the sleepy holiday town into a desirable destination among more permanent buyers.

A return to normal

In 2020, the median house prices in Mollymook Beach and Mollymook were $785,000 and $750,000 respectively.

By the time the property cycle hit its peak in 2021 those figures

had almost doubled. Domain data reported that Mollymook Beach clocked up the highest house price growth of any suburb in Australia over the five years to July 2022, registering an incredible 106 per cent price hike.

Today, however, the extraordinary flight to the country has eased with

interest rate rises pouring water on boiling house prices.

While down 2.4 percent from peak prices, Mollymook’s house median is still $1.22 million while Mollymook Beach sits at $1.05 million, down a significant 21.3 per cent over the same period according to REA Group data.

Andrea Tucker, principal of McGrath Estate Agents Mollymook said the region has travelled through a price adjustment and is coming out the other side.

“We’re still ahead if you round those figures up,” she says. We’re really trading back in a normal market after quite a bullish time.

“There’s a little caution from buyers now, but they’re still quite active in the market. They’re
just sitting back waiting for opportunities, particularly if they’re looking for investment properties.”

Tucker adds that when it comes to home prices, Mollymook has several sweet spots.

“If you can pick up anything in Mollymook under $1 million, you’ll have people all over it,” she says. “Then you go up in gradients but once it gets over $2 million the buyer pool starts to thin out.”

Local agents place the luxury market in excess of $3 million, however in the heady days of 2021, a beachfront house in Mollymook sold for $10 million via online auction. Just five years prior, the same four-bedroom house at 15 Shipton Crescent was bought for $2.26 million.

Dishing up the good life

Motel Molly, Mollymook – Review | The Australian
Once known as the Surfbeach Motel, Motel Molly has been restored and updated by interior architects Richards Stanisch with an eye on our nostalgia for the classic beach holiday.

In addition to its popular surf beach, Mollymook has a large natural rock pool known as the Bogey Hole and Mollymook Golf Club maintains two prized golf courses; an 18-hole championship course known as the Hilltop and a smaller 9-hole beachside course.

“One of the beautiful things about living here is you’re less than 10 minutes from the beach or the countryside. We’re really blessed,” Tucker says. “Not to mention we’re quite spoilt for fantastic restaurants.”

In 2009, English celebrity chef Rick Stein put Mollymook on the national food map when he opened his first Australian restaurant, Rick Stein at Bannisters. Other high-profile restaurants include the Asian-inspired Gwylo and The Beachside Bistro with nearby fine dining spots such as Cupitts Estate and Small Town are also attracting the tourist trade.

With the food scene flourishing, the accommodation landscape is developing in Mollymook too. Earlier this year, Motel Molly became the latest in a string of revived retro motels across the country. Following the multi- million-dollar refurbishment of a former beachside motel by Knox Developments and Richards Stanisich — also responsible for refitting historic Sydney joints Hotel Rose Bay as well as The Woollahra Hotel.

Sensing its saleability, developers are also waking up to Mollymook. Peniche, a four-storey luxury development of eight three- bedroom apartments, was given the green light by Shoalhaven Council in early 2023. The
project at 1 Buchan Street is currently being marketed through McGrath Mollymook and is set for completion in late 2024.

Its perks will include a shared pool, views to the ocean as well as Mollymook golf course with prices starting at $1.75 million.

Holiday home trends

Local buyer’s agent, Matt Knight of Precium, says while investors making the most of the tourism trade had stepped back after a flurry of activity post-COVID, there still is a holiday home market in Mollymook.

“While we’ve seen a softening in tourist numbers, they’re still very large tourist numbers. When international borders were shut there was a captive audience of tourists with nowhere to go except for where they could drive to. As a result, we had a very high hotel and holiday home occupancy rates and a subsequent massive spike in prices,” he said.

Airdna, which analyses the performance of short-term rental properties listed on Stayz and Airbnb, revealed that by December 2022, demand for Mollymook Beach holiday rentals was down 27 percent for January compared to
the previous summer. As Australians began venturing abroad once again, owners invested in the short term rental market started rethinking their strategies according to Knight.

“The Airbnb occupancy rate has dropped a little and some of those properties have come back to a more normal holiday vacancy rate,” he says. “A few people may have decided in response to pull their property off the holiday let market and put in a permanent tenant, particularly in the light of all the interest rate rises. So that’s caused a bit of an easing in the long term rental market.”

What buyers want

House hunters turning to Mollymook cover a wide cross section, Tucker explains, but the hottest properties are four-bedroom houses with retirees, investors and families all in the mix.

“I get really excited about the young professionals still moving here,” Tucker says. “We had a lot come through COVID, and although some have had their corporate companies claw them back into the office, they’re still coming.

“They’ve had their eyes opened. They realise they can take up surfing, there are smaller class sizes for their kids, they’re not spending so much time in traffic.

“There’s still a lot of enticement for young professionals to move here.” Knight agrees the stream of buyers is a mixed bag from expats hoping to return Down Under, to retirees and digital nomads.

“There’s still a small number of people leaving the cities because they can work from home. I’d say the volume has gone down, but it’s still there and people are making real estate choices based on that,” he says, adding that Mollymook and its surrounds has something not all quiet coastal towns can offer.

“It’s really become a place where a sophisticated buyer, who wants the beach but also the mod cons of life, can have it all. Whereas some of the more remote beaches are beautiful, but they just have a little general store.”

Ultimately, Mollymook’s “critical mass” offers something for almost everyone according to Knight.

“I left Sydney more than 15 years ago and raised four children down here. It’s actually a viable area with schooling options and an economy that’s holding its own. It’s not just a one-club town for retirees, it certainly appeals to a wider age demographic and a wider set of expectations.”



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The Uglification of Everything

Artistic culture has taken a repulsive turn. It speaks of a society that hates itself, and hates life.

By Peggy Noonan
Fri, Apr 26, 2024 5 min

I wish to protest the current ugliness. I see it as a continuing trend, “the uglification of everything.” It is coming out of our culture with picked-up speed, and from many media silos, and I don’t like it.

You remember the 1999 movie “The Talented Mr. Ripley,” from the Patricia Highsmith novel. It was fabulous—mysteries, murders, a sociopath scheming his way among high-class expats on the Italian Riviera. The laid-back glamour of Jude Law, the Grace Kelly-ness of Gwyneth Paltrow, who looks like a Vogue magazine cover decided to take a stroll through the streets of 1950s Venice, the truly brilliant acting of Matt Damon, who is so well-liked by audiences I’m not sure we notice anymore what a great actor he is. The director, Anthony Minghella, deliberately showed you pretty shiny things while taking you on a journey to a heart of darkness.

There’s a new version, a streaming series from Netflix, called “Ripley.” I turned to it eagerly and watched with puzzlement. It is unrelievedly ugly. Grimy, gloomy, grim. Tom Ripley is now charmless, a pale and watchful slug slithering through ancient rooms. He isn’t bright, eager, endearing, only predatory. No one would want to know him! Which makes the story make no sense. Again, Ripley is a sociopath, but few could tell because he seemed so sweet and easy. In the original movie, Philip Seymour Hoffman has an unforgettable turn as a jazz-loving, prep-schooled, in-crowd snob. In this version that character is mirthless, genderless, hidden. No one would want to know him either. Marge, the Paltrow role in the movie, is ponderous and plain, like a lost 1970s hippie, which undercuts a small part of the tragedy: Why is the lovely woman so in love with a careless idler who loves no one?

The ugliness seemed a deliberate artistic decision, as did the air of constant menace, as if we all know life is never nice.

I go to the No. 1 program on Netflix this week, “Baby Reindeer.” People speak highly of it. It’s about a stalker and is based on a true story, but she’s stalking a comic so this might be fun. Oh dear, no. It is again unrelievedly bleak. Life is low, plain and homely. No one is ever nice or kind; all human conversation is opaque and halting; work colleagues are cruel and loud. Everyone is emotionally incapable and dumb. No one laughs except for the morbidly obese stalker, who cackles madly. The only attractive person is the transgender girlfriend, who has a pretty smile and smiles a lot, but cries a lot too and is vengeful.

Good drama always makes you think. I thought: Do I want to continue living?

I go to the Daily Mail website, once my guilty pleasure. High jinks of the rich and famous, randy royals, fast cars and movie stars, models and rock stars caught in the drug bust. It was great! But it seems to have taken a turn and is more about crime, grime, human sadness and degradation—child abuse, mothers drowning their babies, “Man murders family, self.” It is less a portal into life’s mindless, undeserved beauty, than a testimony to its horrors.

I go to the new “Cabaret.” Who doesn’t love “Cabaret”? It is dark, witty, painful, glamorous. The music and lyrics have stood the test of time. The story’s backdrop: The soft decadence of Weimar is being replaced by the hard decadence of Nazism.

It is Kander and Ebb’s masterpiece, revived again and again. And this revival is hideous. It is ugly, bizarre, inartistic, fundamentally stupid. Also obscene but in a purposeless way, without meaning.

I had the distinct feeling the producers take their audience to be distracted dopamine addicts with fractured attention spans and no ability to follow a story. They also seemed to have no faith in the story itself, so they went with endless pyrotechnics. This is “Cabaret” for the empty-headed. Everyone screams. The songs are slowed, because you might need a moment to take it in. Almost everyone on stage is weirdly hunched, like a gargoyle, everyone overacts, and all of it is without art.

On the way in, staffers put stickers on the cameras of your phone, “to protect our intellectual property,” as one said.

It isn’t an easy job to make the widely admired Eddie Redmayne unappealing, but by God they did it. As he’s a producer I guess he did it, too. He takes the stage as the Emcee in a purple leather skirt with a small green cone on his head and appears further on as a clown with a machine gun and a weird goth devil. It is all so childish, so plonkingly empty.

Here is something sad about modern artists: They are held back by a lack of limits.

Bob Fosse, the director of the classic 1972 movie version, got to push against society’s limits and Broadway’s and Hollywood’s prohibitions. He pushed hard against what was pushing him, which caused friction; in the heat of that came art. Directors and writers now have nothing to push against because there are no rules or cultural prohibitions, so there’s no friction, everything is left cold, and the art turns in on itself and becomes merely weird.

Fosse famously loved women. No one loves women in this show. When we meet Sally Bowles, in the kind of dress a little girl might put on a doll, with heavy leather boots and harsh, garish makeup, the character doesn’t flirt, doesn’t seduce or charm. She barks and screams, angrily.

Really it is harrowing. At one point Mr. Redmayne dances with a toilet plunger, and a loaf of Italian bread is inserted and removed from his anal cavity. I mentioned this to my friend, who asked if I saw the dancer in the corner masturbating with a copy of what appeared to be “Mein Kampf.”

That’s what I call intellectual property!

In previous iterations the Kit Kat Club was a hypocrisy-free zone, a place of no boundaries, until the bad guys came and it wasn’t. I’m sure the director and producers met in the planning stage and used words like “breakthrough” and “a ‘Cabaret’ for today,” and “we don’t hide the coming cruelty.” But they do hide it by making everything, beginning to end, lifeless and grotesque. No innocence is traduced because no innocence exists.

How could a show be so frantic and outlandish and still be so tedious? It’s almost an achievement.

And for all that there is something smug about it, as if they’re looking down from some great, unearned height.

I left thinking, as I often do now on seeing something made ugly: This is what purgatory is going to be like. And then, no, this is what hell is going to be like—the cackling stalker, the pale sociopath, Eddie Redmayne dancing with a plunger.

Why does it all bother me?

Because even though it isn’t new, uglification is rising and spreading as an artistic attitude, and it can’t be good for us. Because it speaks of self-hatred, and a society that hates itself, and hates life, won’t last. Because it gives those who are young nothing to love and feel soft about. Because we need beauty to keep our morale up.

Because life isn’t merde, in spite of what our entertainment geniuses say.

 

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