BLOCKBUSTER CRED MAKES THIS HOME A STAR
This Surrey Hills stunner has starred alongside Zac Efron and John Cena. Now the five-bedroom showpiece is ready for its next leading role.
2 min
Every house claims to be picture-perfect when it hits the market, but this grand five-bedroom home in Melbourne’s Surrey Hills has Hollywood’s stamp of approval.
The contemporary two-storey house was hand-picked by movie location scouts to feature in the $80 million Zac Efron-driven film, Nicky Stanicky.
Out last year, the movie also stars former pro-wrestler turned Hollywood heavyweight John Cena and Academy Award nominee William H Macy. Set in Providence, Rhode Island, with scenes in Atlantic City and New Jersey, the production was actually filmed in various Melbourne suburbs.
The modern suburban residence has all the hallmarks of a US family home, with its Hamptons-style facade and vast proportions measuring 650sq m of internal space.
Just listed with Kay & Burton Boroondara team, Scott Patterson, Walter Dodich and Jacqui Bendall, the Norfolk Rd property is set to go under the hammer on August 23 with a price guide of $5.5 million to $5.9 million.
After appearing on the big screen, the home has piqued the interest of several filmmakers (including Neighbours producers before the show was axed) and is still on the books to feature in other filming projects, if the new owners are keen to play the role.
In Australia, private residences can earn between $1000 and $5000 a day when used in the media – from magazine shoots to blockbuster movies.
The 2016 house sits on a 996sq m block and is home to a versatile floor plan with multiple entertaining spaces over both levels.
On the spacious ground floor, there is a central family room with an Escea fireplace anchoring the footprint, with an adjoining state-of-the-art Gaggenau and Miele kitchen that has a butler’s pantry, an expansive stone island bench, pyrolytic and steam ovens, an integrated coffee machine, a dishwasher, and a Vintec wine fridge.
A large dining room with bespoke wine storage opens via stacker doors to an undercover alfresco area with ceiling fans, a built-in Zeigler & Brown barbecue, sink, and a fridge for all weather gatherings around the pool and half basketball court.
This lower level also houses a dramatic entryway crowned with a 4m void, a formal lounge room with another fireplace, a separate study overlooking the pool area, powder room, and a primary bedroom featuring a walk-in wardrobe, a bath ensuite, and an illuminating skylight.
Upstairs, there are four more spacious bedrooms, including one with a two-way wardrobe and bathroom. Additionally, the level has a full family bathroom, a powder room, a walk-in linen press featuring a handy chute to the laundry below, and a huge media room or kids’ breakout space.
Other attributes of the Melbourne property include a poolside cabana with toilet and outdoor shower, French oak parquet floors, zoned central air-conditioning, ducted vacuuming, a security alarm, in-built speakers, automatic blinds, front electric gates, and an internal remote-control double garage.
Close to Union Station, the property is near sought-after schools, Surrey Hills cafes and shops, as well as Wattle Park, Deakin University, and Box Hill Central.
Kay & Burton agent Scott Patterson is auctioning 14 Norfolk Road, Surrey Hills on August 23 at 2pm with the indicative price guide of $5.5 million to $5.9 million.
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As housing drives wealth and policy debate, the real risk is an economy hooked on growth without productivity to sustain it.
Strong consumer spending and tight supply have driven retail to the top of commercial property, but signs of pressure are starting to emerge.
2 min
Australia’s retail property sector entered 2026 as the strongest performing commercial asset class, but rising geopolitical risks and cost pressures are beginning to test its resilience, according to new research from Knight Frank.
The latest Australian Retail Review shows the sector rode a wave of consumer spending and constrained supply through 2025, delivering total returns of 9.2 per cent and driving transaction volumes up 43 per cent year-on-year to $14.4 billion.
That momentum carried into early 2026, with around $3.6 billion in deals recorded in the first quarter alone.
“Retail clearly emerged as the standout commercial property performer in 2025,” said Knight Frank Senior Economist, Research & Consulting Alistair Read.
“Improving household spending, limited new supply and stronger leasing fundamentals combined to drive better income growth and renewed investor confidence in the sector.”
Spending rebound drives retail strength
A lift in household spending has been central to the sector’s performance. Consumer spending rose 4.6 per cent year-on-year to February 2026, supported by easing inflation and improving real incomes.
That shift flowed directly into retailer performance, with average EBIT margins across major retailers rising to 8.9 per cent in the first half of 2026, their strongest level in several years.
“Stronger consumer spending was critical in restoring momentum to the retail sector,” Mr Read said.
“Retailers have generally been better able to absorb costs, rebuild margins and support sustainable rental outcomes, particularly in higher-quality centres.”
Improved trading conditions also pushed leasing spreads up 4.2 per cent in 2025, reinforcing income growth and supporting capital values.
Geopolitical tensions begin to bite
But the outlook has become more complicated. The report warns that escalating conflict in the Middle East and its impact on fuel prices, supply chains and interest rates could weigh heavily on consumer spending.
“Higher fuel prices, flow-on cost pressures across supply chains, and recent interest rate increases are collectively squeezing household budgets, and early consumer sentiment data suggests confidence is already softening,” Mr Read said.
“While household balance sheets remain generally resilient, heightened uncertainty over future costs is likely to weigh on spending — particularly in discretionary categories — in the months ahead.”
The impact is already being felt in investment activity. While the year began strongly, transaction volumes slowed in March as investors paused amid the uncertainty.
“Early indicators suggest elevated uncertainty has already begun to affect the market. While retail investment enjoyed its strongest start to a year in a decade, with nearly $3 billion transacted by the end of February, activity stalled in March, as investors took a pause amid elevated uncertainty,” Mr Read said.
Solid foundations support medium-term outlook
Despite the near-term headwinds, Knight Frank maintains that the sector’s underlying fundamentals remain strong. Limited new supply, high construction costs and population growth are expected to continue supporting rental growth over the medium term.
“Retail has entered this period of uncertainty from a position of strength,” Mr Read said.
“Supply-side constraints, population growth and improving income fundamentals remain powerful structural supports for the sector.”
The report highlights several trends shaping the year ahead, including steady yields as interest rates rise, mounting pressure on tenant margins, continued outperformance of prime centres, the growing need for logistics integration, and risks linked to underinvestment in capital expenditure.
For now, retail remains a sector with momentum, but one increasingly at the mercy of forces far beyond the shopping centre.
By improving sluggish performance or replacing a broken screen, you can make your old iPhone feel new agai
As housing drives wealth and policy debate, the real risk is an economy hooked on growth without productivity to sustain it.
