Property of the week: 185 Morgans Mill Rd, Bearii
The expansive estate is being offered for sale for the first time in 18 years
2 min
Finding the time to hit the fairway isn’t a problem for anyone sporting their own golf course at home. Clarendon Eyre alongside the iconic Murray River in northern Victoria is a rural retreat with a difference — it’s home to five holes, complete with manicured fairways, genuine bunkers and a turquoise ornamental lake.
The Miller family bought the expansive estate as a traditional farm 18 years ago and set about turning the 105ha parcel into an all generations playground. Almost two decades later, Josh Miller and his wife Steph Claire Smith, a fitness influencer who recently appeared on Forbes’ 30 Under 30 list, got hitched at the picturesque property that holds a special place in their hearts.
“My wife and I first met there after her parents bought a property one paddock across. She was 12, I was 15, and in 2019 we had our wedding at the property so it’s really full of memories for us.”
The project manager and photographer is one of four siblings who grew up at Clarendon Eyre.
“I spent a lot of my life riding motorbikes and playing golf there. When we first bought it, there were a few very basic sand scraped greens. One day our Dad, who’s a retired horticulturist, bought a bag of golf balls off eBay and we started hitting them into the bush, but he had a better idea. One green turned into two, then three, four and five!” Miller adds.
Designed to replicate Augusta National, the rare private course features Santa Ana couch and Mackenzie Bent grass and has been meticulously maintained by a full-time team using top-tier equipment, all negotiable in the sale.
Nathan Verwoert and Robert Fletcher of Forbes Global Properties are marketing the 105ha property with a price guide of $8 million to $8.8 million.
“I’ve been in this job since 2009 and I get to see some pretty beautiful homes, but this just blows your mind. When you arrive, the property just comes out of left field and is such an oasis. It’s certainly one of the most unique properties I’ve ever had the pleasure of selling,” Verwoert says.
“It’s been a real labour of love for this family, who over a couple of decades have improved it and created their own sanctuary over the course of the time.”
Clarendon Eyre’s main residence is a tale of two houses, one is the former Mornington Art Gallery while the other was a weatherboard from Malvern in Melbourne. Both were relocated and connected to create an impressive seven-bedroom, five-bedroom homestead.
To marry the pair of properties, an architectural ‘bridge’ was conceived and now plays host to an expansive formal dining space that caters for up to 18 people and flows out to a shady alfresco area.
Neighbouring the landmark river which separates the two states, the Bearii estate is flanked by grand red gums, palm trees and space for rolling paddocks. Beyond the unique personal golf course, the land also houses an upgraded tennis court, a basketball court, a heated pool, spa and an Olympic built-in trampoline.
Following a recent refurbishment, the house has high-end features including Kustom timber floors, porcelain bench tops, automatic DIY Blinds, Control4 smart technology and Sonos sound system throughout including the home cinema.
The Bearii property is approximately a three-hour drive, or 45 minute helicopter journey, from Melbourne.
Clarendon Eyre is listed via an expressions of interest campaign through Forbes Global Properties with a price guide of $8 million to $8.8 million.
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Buyer demand, seller confidence and the First Home Guarantee Scheme are setting up a frantic spring, with activity likely to run through Christmas.
2 min
The spring property market is shaping up as the most active in recent memory, according to property experts Two Red Shoes.
Mortgage brokers Rebecca Jarrett-Dalton and Brett Sutton point to a potent mix of pent-up buyer demand, robust seller confidence and the First Home Guarantee Scheme as catalysts for a sustained run.
“We’re seeing an unprecedented level of activity, with high auction numbers already a clear indicator of the market’s trajectory,” said Sutton. “Last week, Sydney saw its second-highest number of auctions for the year. This kind of volume, even before the new First Home Guarantee Scheme (FHGS) changes take effect, signals a powerful market run.”
Rebecca Jarrett-Dalton added a note of caution. “While inquiries are at an all-time high, the big question is whether we will have enough stock to meet this demand. The market is incredibly hot, and this could lead to a highly competitive environment for buyers, with many homes selling for hundreds of thousands above their reserve.”
“With listings not keeping pace with buyer demand, buyers are needing to compromise faster and bid harder.”
Two Red Shoes identifies several spring trends. The First Home Guarantee Scheme is expected to unlock a wave of first-time buyers by enabling eligible purchasers to enter with deposits as low as 5 per cent. The firm notes this supports entry and reduces rent leakage, but it is a demand-side fix that risks pushing prices higher around the relevant caps.
Buyer behaviour is shifting toward flexibility. With competition intense, purchasers are prioritising what they can afford over ideal suburb or land size. Two Red Shoes expects the common first-home target price to rise to between $1 and $1.2 million over the next six months.
Affordable corridors are drawing attention. The team highlights Hawkesbury, Claremont Meadows and growth areas such as Austral, with Glenbrook in the Lower Blue Mountains posting standout results. Preliminary Sydney auction clearance rates are holding above 70 per cent despite increased listings, underscoring the depth of demand.
The heat is not without friction. Reports of gazumping have risen, including instances where contract statements were withheld while agents continued to receive offers, reflecting the pressure on buyers in fast-moving campaigns.
Rates are steady, yet some banks are quietly trimming variable and fixed products. Many borrowers are maintaining higher repayments to accelerate principal reduction. “We’re also seeing a strong trend in rent-vesting, where owner-occupiers are investing in a property with the eventual goal of moving into it,” said Jarrett-Dalton.
“This is a smart strategy for safeguarding one’s future in this competitive market, where all signs point to an exceptionally busy and action-packed season.”
Two Red Shoes expects momentum to carry through the holiday period and into the new year, with competition remaining elevated while stock lags demand.
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