Modern Luxury's New Toorak Address
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Modern Luxury’s New Toorak Address

Step inside this stunning residence in Melbourne’s most-wanted suburb.

By Terry Christodoulou
Fri, Mar 11, 2022 2:53pmGrey Clock 2 min

Located on the most desirable street in Melbourne’s most coveted suburb comes this architectural wonder.

The brand new contemporary 5-bedroom, 6-bathroom, 7-car garage residence is the pinnacle of luxury, quality, home technology and scale.

The interiors see the unified palette of French oak, Travertine stone and floor-to-ceiling glass walls throughout with parquetry flooring and bespoke joinery featuring prominently.

Upon entering, the plastered spiral staircase immediately dominates the lobby. Also here is the main living area, with the open plan space replete with gas log fireplace and built-in bar with two Liebherr wine fridges.

The centrally located kitchen is fitted with Travertine and is appointed with a commercial Wolf oven and steam oven alongside two integrated Liebherr fridge-freezers, a further cool room and a butler’s pantry.

Further entertaining options are extended outside to the outdoor dining room which sees a Wolf BBQ kitchen that opens through bi-fold glass doors to the north-facing garden with heated pool and mod grass tennis court.

The ground floor plays host to a guest bedroom, with Travertine ensuite and built-in robe while the upstairs family accommodation comprises of an opulent master suite, complete with a decadent ensuite – also in travertine – and another gas log fire, north-facing balcony, dual walk-in robes.

Three additional bedrooms — each with walk-in robes and ensuites and a retreat with a bar completes the upstairs space.

The basement level features a stylish entertaining zone complete with a lounge, fully fitted home theatre, wet bar, wine room, yoga studio or gym, change room and bathroom with sauna and steam room alongside the seven-car garage.

Further luxuries one can expect include a comprehensive list of home automation and smart home features, keypad entry and CCTV, and two further marble powder rooms.

The listing is with Marshall White Stonnington’s Marcus Chiminello (+61 411 411 271), with a price guide of $24.5 – $26.5 million.


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Amid looming rate rises, there are reasons to be cheerful as mortgage holders head into 2023

Mon, Feb 6, 2023 2 min

Mortgage holders should brace themselves for more pain as the Reserve Bank of Australia board prepares to meet tomorrow for the first time this year.

Most economists and the major banks are predicting a rise of 25 basis points will be announced, although the Commonwealth Bank suggests that the RBA may take the unusual step of a 40 basis point rise to bring the interest rate up to a more conventional 3.5 percent. This would allow the RBA to step back from further rate rises for the next few months as it assesses the impact of tightening monetary policy on the economy.

The decision by the RBA board to make consecutive rate rises since April last year is an attempt to wrestle inflation down to a more manageable 3 or 4 percent. The Australian Bureau of Statistics reports that the inflation rate rose to 7.8 percent over the December quarter, the highest it has been since 1990, reflected in higher prices for food, fuel and construction.

Higher interest rates have coincided with falling home values, which Ray White chief economist Nerida Conisbee says are down 6.1 percent in capital cities since peaking in March 2022. The pain has been greatest in Sydney, where prices have dropped 10.8 percent since February last year. Melbourne and Canberra recorded similar, albeit smaller falls, while capitals like Adelaide, which saw property prices fall 1.8 percent, are less affected.

Although prices may continue to decline, Ms Conisbee (below) said there are signs the pace is slowing and that inflation has peaked.

“December inflation came in at 7.8 per cent with construction, travel and electricity costs being the biggest drivers. It is likely that we are now at peak,” Ms Conisbee said. 

“Many of the drivers of high prices are starting to be resolved. Shipping costs are now down almost 90 per cent from their October 2021 peak (as measured by the Baltic Dry Index), while crude oil prices have almost halved from March 2022. China is back open and international migration has started up again. 

“Even construction costs look like they are close to plateau. Importantly, US inflation has pulled back from its peak of 9.1 per cent in June to 6.5 per cent in December, with many of the drivers of inflation in this country similar to Australia.”


The iconic bootmaker is now solely in local hands.

Self-tracking has moved beyond professional athletes and data geeks.

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