Prestige Property: 20 Linlithgow Road, Toorak, VIC

Toorak, Melbourne’s blue-chip locale is filled with a heady array of historic homes and modern mansions, yet few compare to the 950sqm contemporary masterpiece listed here.

Sprawled across a 1270sqm block, replete with low maintenance garden, the Stephen Jolson designed residence boasts 4-bedrooms, 3-bathrooms, 6-car parking across three levels in one of Toorak’s most prestigious positions.

The striking sculptural façade of cantilevered solid concrete ‘blades’ and tall window walls are the most salient features of the home.

Inside, it conceals lavish interiors highlighted by Australian Bluestone walkways, American Oak floors, and a hydronic underfloor heating system.

Arriving via the circular drive and grand bronze porte cochere entry one emerges into voluminous gallery-like spaces that provide sophisticated living, dining, and entertaining.

A central light atrium extends throughout all three floors while northern light pours in through walls of glazing that unfold to the entertaining terrace.

Elsewhere, the Statuario marble kitchen with separate scullery and bar is fitted with Miele appliances, three Vintec wine fridges and a Sub-Zero fridge and freezer.

The casual open living and dining areas include a hidden home theatre, descender TV and gas fire.

The first floor finds a library with yet another kitchenette, study or fifth bedroom while a central bathroom accompanies four retreat-style bedrooms including the palatial master suite with twin deluxe walk-in robes. Also here, a study, stunning open ensuite replete with marble benchtops, a freestanding stone bath and private terrace all enjoying panoramic valley views.

Downstairs sees a lounge with granite bar, concealed kitchenette, gym, steam room and bathroom complementing the jaw-dropping 20-metre indoor lap pool.

Throughout the home is fitting with smart technology including full CBUS home automation, enjoys access via private lift, boasts an oversized three-car garage (with parking for a further three vehicles) while enjoying Toorak’s conveniences moments from Toorak Village, High Street Armadale and Melbourne’s most esteemed private schools.

The listing is with RT Edgar’s Antoinette Nido (+61 419 654 856) with a price guide of $15.5m-$17m; rtedgar.com

The Australian housing market is rapidly evolving, with new research revealing changing activity in regional and city areas.

The latest Regional Movers Index from the Commonwealth Bank showed the exodus from Australian cities to the regions is significantly exceeding pre-COVID movements, sitting at 19.8 percent higher. Even more revealing is data which showed relocations are 1.8 percent up on the average recorded during the height of the lockdowns. At the same time, people in regional areas are staying put.

The report is a partnership between the Commonwealth Bank and the Regional Australian Institute. RAI CEO Liz Ritchie said the regions have become the permanent home of choice for more Australians.

“The inter-regional migration index —which tracks regional to regional relocations — has fallen by 5.1 percent, suggesting that more regional residents are content to stay where they are. With the continuing strong jobs market across regional Australia, increasing city property prices and ongoing cost-of-living pressures, it’s no surprise the regions remain desirable,” Ms Ritchie said.

She said this had significant implications for planners, with a better understanding of infrastructure needs required by planners.

“Regional Australia is truly the nation’s new frontier. There are so many opportunities in our regional communities, but likewise we know there are challenges. Housing for example remains a key ongoing concern in many communities,” she said. “Regional Australia is growing and for that to continue we need adequate foundations. The time to lay them is now.”

Among the areas to benefit from this shift over the past quarter was the Hunter Valley city of Maitland in NSW which saw a 3.4 percent increase in net migration from the cities and other regional areas. Long seen as the less desirable locale in the wine growing region, Maitland has attracted more buyers looking for an affordable home with lifestyle benefits. CBA Executive General Manager Regional and Agribusiness Banking Paul Fowler said it was an area on the rise.

“There is significant development happening around Maitland, with extensive land releases for residential, industrial, commercial and retail fuelling strong employment and construction industry opportunities,” Mr Fowler said.

“Maitland is also set to benefit from major investments in the area including the nearby Newcastle Airport which will welcome international flights from 2025, further enhancing the region’s accessibility and economic profile.”

And while Melbourne property prices continue to experience a lull, it’s a different story outside the capital, with regions closer to main city centres performing particularly well.

“A move to regional Victoria remains on trend among those relocating, with the state’s regional areas experiencing the largest surge in popularity in the 12-month period to September 2024, with its share of net regional inflows rising from 21 percent to 30 percent,” Mt Fowler said. “Trending scenic LGAs like Queenscliffe on the coast, as well as Moira, Wangaratta and Strathbogie located further north, offer attractive and more affordable lifestyle opportunities for many Australians.

“With more corporate employers setting up or relocating to Geelong, Queenscliffe’s proximity to Greater Geelong and the Melbourne CBD means more regional Australians can enjoy diverse employment opportunities while living in a beautiful location with enhanced lifestyle opportunities.”

Prestige Property: 20 Linlithgow Road, Toorak, VIC

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