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.
A record-breaking $11 million sale at The Centennial Collection has set a new benchmark for luxury apartment living in Bondi Junction.
As interest rates, inflation and market sentiment fluctuate, investors are being urged to focus on data, not panic.
Australia’s housing affordability crisis is being fuelled by chronic undersupply, planning delays and rising development costs, as politicians continue to focus on the wrong solutions.
3 min
Australia’s housing crisis will not be solved by first-home buyer incentives or tax changes alone, with leading property figures warning governments must tackle supply constraints if affordability is to improve.
Speaking at the Kanebridge Quarterly Property Leadership Summit in Sydney last week, expert project marketing specialist Sam Elbanna, property investor and fund manager Paul Miron and property consultant Karla McNeice said that a lack of housing supply remained the central issue facing the market.
Elbanna, Director of CPM Realty with more than 30 years’ experience in project sales, argued that successive governments had focused too heavily on stimulating demand rather than addressing the barriers preventing new housing from being delivered.
“The misconception is that politicians think the way to solve the housing crisis is to drive demand,” he said.
“The reality is that’s not the way. This is a supply-side problem, and it needs to be solved on the supply side.”
Drawing on his experience in project sales, Elbanna said policies designed to help first-home buyers often had unintended consequences, pointing to previous grants that ultimately flowed through to higher property prices.
Instead, he said developers were facing increasing red tape, approval delays and rising costs, which were discouraging new housing supply.
“In the absence of stock, demand exceeds supply,” he said.
Miron, a Co-Founder and Fund Manager of Msquared Capital, said the housing debate had become overly focused on tax policy while overlooking broader structural issues.
He argued that affordability challenges stemmed from a combination of factors, including planning constraints, supply shortages, migration levels and interest rates.
“No-one can be 100 per cent certain on the real reason for property prices is going up,” he said.
“The reason why property prices are higher is a combination of interest rates, lack of supply, migration, vacancy rates and maybe taxes play a role.”
Miron was critical of recent federal housing policy changes, warning they could reduce the number of new homes being built and further constrain supply that was even highlighted in the budget.
He also highlighted the importance of the property sector to the broader economy, noting that residential real estate and related industries employed more than one million Australians.
McNeice, who advises developers on sales strategy and market intelligence, said understanding buyers had become increasingly important as affordability pressures intensified.
While affordability remained a major consideration, she said today’s buyers were focused on value rather than simply price.
“People are looking for value for money,” she said.
She said buyers were increasingly evaluating factors such as transport connections, walkability, nearby amenities and flexible living spaces that could accommodate changing family needs.
“What infrastructure is going on? Can I walk to the shops? Can I meet people at the local cafe?” she said.
The panel also discussed the mounting pressures facing developers, with Elbanna arguing that many projects become financially unviable from the moment a site is purchased.
“The viability of a development happens at the moment the site is bought,” he said.
He said rising construction costs, higher interest rates and overly optimistic feasibility assumptions had left some developers exposed as market conditions changed.
While acknowledging the growing number of smaller and first-time developers entering the market, Elbanna said property development required expertise across finance, construction, marketing and legal disciplines.
“It is actually a business that requires a level of expertise,” he said.
Looking ahead, the panel agreed opportunities remained in the market despite current challenges.
Miron said property should continue to be viewed as a long-term investment and cautioned against trying to time short-term market movements.
McNeice said success would increasingly depend on identifying projects that genuinely met changing buyer expectations.
Elbanna said affordable housing remained achievable, but developers needed to deliver more than just homes.
“We can provide affordable housing in this country,” he said.
“But we’ve got to wrap that affordable housing with the things that people want.”
As Australia’s housing affordability debate intensifies, the panellists agreed on one point: without a meaningful increase in housing supply, demand-side measures alone are unlikely to solve the nation’s property challenges.
From farm-to-table Thai to fairy-lit mango trees and Coral Sea vistas, Port Douglas has award-winning dining and plenty of tropical charm on the side.
Australia’s housing market rebounded sharply in 2025, with lower-value suburbs and resource regions driving growth as rate cuts, tight supply and renewed competition reshaped the year.
