PANORAMA HOUSE: MELBOURNE’S $16M BAYSIDE MASTERPIECE ON THE MARKET
Panorama House is where contemporary art meets bayside luxury. This award-winning five-bedroom Middle Park home boasts panoramic Port Phillip Bay views.
2 min
Part contemporary art gallery, part bayside mansion, Panorama House is a landmark Melbourne home without parallel.
The award-winning Middle Park house is the dream home of self-tan mogul, Kirstie Kirkham, who founded MineTan Body Skin a decade ago.
Now the beauty empire boss has listed her unrivalled residence for $15.9 million to $16.3 million with Kay & Burton director Andrew Sahhar and Danielle Horne alongside co-agent Hugh Jones of Agency Outcomes.
Kirkham is apparently moving on after reportedly paying more than $30 million for the Toorak home of hospitality industry couple Robert and Elizabeth Zagame.
On the corner of bustling Beaconsfield Pde and tree-lined Harold St, the five-bedroom Middle Park property took home two accolades in the 2025 Australian Interior Design Awards; Residential Decoration and Residential Design Best of State (Victoria).
Panorama House, so named thanks to its expansive 270-degree Port Phillip Bay and city views, has appeared in Vogue Living magazine, Yellowtrace, Est and Living Etc.
Melbourne-based interior designer Sally Knibbs of Sally Caroline studio was commissioned to transform the 2018 home built by Visioneer, which Kirkham bought in 2022 from Computershare co-founder Penelope Maclagan for $11.5 million.
Behind its unique raw brick and steel facade, luxury materials are abundant including Travertine Pewter, Green Onyx, and Calacatta marbles including, Romano, Verde, Corchia, Tanotti Green, and Menta.
Surrounded by a sea of traditional yet classically renovated Federation bungalows, the 21st century building is a statement piece in a coveted waterfront location. The home’s own website declares it is a “design that does’t shout. It simply belongs.”
From the ground up, the three-level floor plan makes use of every square centimetre on the 423sq m corner block.
The spacious basement car park offers the homeowner a four-car garage, made possible thanks to a sleek turntable. Underground amenities also include a cellar with wine fridge and a meat dry ager, plus a home gym.
One level up and the ground floor is home to a vast open plan entertaining zone combining a lounge area and wet bar that spills out to an internal landscaped courtyard with retractable roof.
Two bedrooms and two bathrooms, plus a large family-friendly laundry, also sit on the same entry level.
A private lift connects all three layouts with the first floor featuring more everyday entertaining spaces.
A large lounge room is warmed by an Oblica fireplace and frames beach views, while the sophisticated chef’s kitchen has Gaggenau and Sub-Zero appliances, a statement island bench, and a walk-in pantry. The formal dining room has its own dramatic sweeping CBD backdrop.
In the palatial main bedroom suite there is a walk-in wardrobe, a double shower ensuite, as well as access to the private barbecue terrace. A neighbouring glass-walled office has an inspiring panorama of the bay.
Added extras at Panorama House include a Tesla home battery, solar energy integration, and provisions for a pool.
While the bay is on the doorstep, the Beaconsfield Pde home is also close to St Kilda, Armstrong St and Victoria Ave eateries, Albert Park, and loads of city-bound transport.
Co-agents Kay & Burton Bayside and Agency Outcomes are marketing Panorama House via in expressions of interest campaign, closing on September 15, at 5pm
Rising rates, construction inflation and shrinking investor confidence are pushing Australia deeper into a dangerous housing spiral that monetary policy alone cannot fix.
Automobili Lamborghini and Babolat have expanded their collaboration with five new colourways for the ultra-exclusive BL.001 racket, limited to just 50 pieces worldwide.
Office rents in Sydney, Melbourne and Brisbane are climbing at their fastest pace since the pandemic as tenants compete for premium CBD space amid tightening supply.
2 min
Australia’s major CBD office markets are recording some of their strongest rental growth since the pandemic, with businesses increasingly prioritising premium office space despite elevated geopolitical and economic uncertainty.
Knight Frank’s Australian Office Indicators Q1 2026 report found net effective rents in Sydney and Melbourne CBDs rose at their fastest annual pace since COVID-19, increasing 10.2 per cent and 6.8 per cent respectively over the 12 months to March.
Brisbane posted the strongest growth nationally, with net effective rents climbing 11.7 per cent over the same period.
The report points to a widening divide between prime CBD office towers and secondary office stock, as occupiers increasingly focus on quality, location and workplace amenity when making leasing decisions.
Knight Frank Senior Economist, Research & Consulting Alistair Read said demand remained heavily concentrated in premium assets within core CBD precincts, helping drive stronger rental growth in top-tier buildings.
“Occupier demand continues to be heavily concentrated in the most desirable CBD precincts and the highest-quality buildings, accelerating a sharp divergence between core and non-core markets,” Mr Read said.
According to the report, Sydney’s Core precinct and Melbourne’s Eastern Core significantly outperformed broader CBD markets over the past year.
“In Sydney’s Core precinct and Melbourne’s Eastern Core, net effective rents surged 14.3% and 16.1% over the past year, significantly outperforming the rest-of-CBD precincts,” Mr Read said.
The rental gap between prime and non-prime office locations has also continued to widen sharply.
“As a result, core CBD rents are now 54% higher than non-core locations in Sydney and 93% higher in Melbourne, highlighting the growing premium placed on amenity, accessibility and workplace quality,” he said.
Knight Frank said the strong rental growth across the major CBDs was being underpinned by a limited supply pipeline, with few new office developments expected to be delivered in the near term.
Mr Read said subdued construction activity was likely to support ongoing rental growth and tighter vacancy rates over the medium term, particularly for premium office towers.
“The combination of sustained demand and declining levels of new development will aid ongoing prime rental growth and lower vacancy rates over the medium term, particularly for best-in-class assets,” he said.
The report noted that current economic conditions were making new office developments increasingly difficult to justify financially.
“Economic rents remain well above expected market rents, making the construction of new office towers largely unviable, and concentrating tenant demand into existing buildings,” Mr Read said.
While suburban office markets generally remained subdued compared with CBDs, Melbourne’s Southbank precinct was identified as a relative outperformer, recording annual net effective rental growth of 2.7 per cent.
The report comes as broader Asia-Pacific office markets continue to stabilise following several years of disruption linked to hybrid work trends, inflation and rising interest rates.
Knight Frank’s separate Asia-Pacific Q1 2026 Office Highlights report found Sydney and Brisbane were among the strongest-performing office rental markets in the region, behind only Bengaluru and Tokyo for annual prime net face rental growth.
The Asia-Pacific report also found 18 of the 24 cities monitored across the region recorded stable or increasing rents in the first quarter of 2026, even as geopolitical uncertainty intensified following escalating conflict in the Middle East.
Parts for iPhones to cost more owing to surging demand from AI companies.
Formula 1 may be the world’s most glamorous sport, but for Oscar Piastri, it’s also one of the most lucrative. At just 24, Australia’s highest-paid athlete is earning more than US$40 million a year.
