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, 2022Grey 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. Marshallwhite.com.au

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By Kanebridge News
Thu, Aug 11, 2022 < 1 min

New research from Knight Frank’s International Waterfront Index shows waterfront properties are costing more than double their inland counterparts in Sydney while in Melbourne waterside properties attract a 40% premium.

Australia’s coastline attracts some of the highest waterfront premiums in the world with Sydney topping the index — an average premium of 121% — compared to an equivalent home set away from the water.

Auckland ranked second on the list of 17 international locations — a premium of 76%. The list saw Gold Coast (71%), Perth (69%) and the Cap d’Antibes (59%) on the French Riviera round out the top 5.

Australia continued to feature prominently in the research with Brisbane’s waterfront premium coming in at 55%, with Melbourne also in the top 10 at 39%.

According to Knight Frank Australia’s head of residential research, Michelle Ciesielski, there has always been strong appetite for Sydney’s waterfront homes.

Australia’s luxury residential market has advanced, it lacks the depth of prestige markets in more established global cities said Cieselski.

“As a result, our Australian cities can achieve a significantly higher premium on the waterfront compared to a similar property inland without access to, or a view of, water,” she said.

“Also, Australia is known for its balmy outdoor lifestyle, so many buyers in this super-prime space are willing to pay a premium to secure the ideal position along the waterfront.”

The data also suggests that beachfront homes were most desirable, commanding a premium of 63% compared to harbour locations fetching 62% premium and coastal homes with a 40% premium.