A Serious Tree-Changer’s Prize In A Millionaire’s Playground
A heritage homestead with manicured gardens, private lake and income-earning guest cottage, Pepper Tree Creek near Robertson offers a rare blend of rural grandeur and lifestyle appeal in the Southern Highlands.
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An ideal property for serious tree changers seeking a lucrative landing, Pepper Tree Creek estate just outside of Robertson in NSW ticks just about every box for house hunters in the millionaire’s playground of the Southern Highlands.
On more than 30ha of rolling green pastures, with a private lake and plenty of period charm, the expansive property features a converted dairy reinvented as a holiday cottage, fertile paddocks, and close to 2ha of fairytale manicured gardens.
On the market with a price guide of $14.5m to $15.5m, Pepper Tree Creek is listed with Michael Coombs and Sarah Burke of Atlas Southern Highlands. According to title records, the property last changed hands in 2019, before its latest upgrade, including a pool, when it sold for $6.7m.
Dating back to 1862, the original primary residence is a heritage stone cottage that has been sympathetically expanded and restored using stone quarried on site.
The vast floor plan has multiple entertaining zones, including formal areas such as a dining room with skylit cathedral ceilings and a piano room. These stately rooms flow through to the Wolgan Valley room – a closed in veranda with a pizza oven and French doors opening to spacious deck.
There are also everyday casual living areas from the contemporary country kitchen. The culinary space is home to a central island bench, a farmhouse sink, a grand gas cooker, a combined scullery and laundry.
An additional mud room connects the main floor plan to the four-car garage via a large breezeway, offering plenty of hidden storage for gum boots and dog toys.
Up on the first floor, the main retreat houses a separate bedroom with a fireplace, a luxury bath ensuite, a walk-in wardrobe, a sitting area with a study and another fireplace.
Back on the main level, there are three more bedrooms, a whole family bathroom, and a reading room with yet another fireplace.
For entertaining in the great outdoors, surrounded by a picturesque backdrop, there is a spacious covered terrace with a barbecue area, a fire pit, a vine-covered veranda, a mosaic pool, plus a poolside cabana.
Guest accommodation at the Old Dairy consists of a self-contained one-bedroom cottage with a full kitchen, bathroom and full-width veranda.
While the historic homestead and cottage paint a pretty picture, the impressive landscaping sets the estate apart from its neighbours.
Beyond the meticulously sculptured gardens, complete with topiary hedges, terraced sandstone vegetable gardens and a traditional greenhouse, there are 4ha of landscaped parklands. The grounds feature a remnant rainforest, local artists’ sculptures, a 1.2ha spring-fed lake with its own island and wooden bridge, as well as an elaborate chicken hutch affectionately known as Cluckingham Palace.
Although Pepper Tree Creek is connected to town water, the estate’s gardens are irrigated via timer systems tapping into the local spring water. All the paddocks have gravity-fed and spring-fed troughs for sustainable and efficient water management.
Other sustainability elements include substantial solar power infrastructure, offering the possibility for off-grid living.
Pepper Tree Creek is listed via private treaty with a price guide of $14.5 million to $15.5 million through Atlas Southern Highlands agents Michael Coombs and Sarah Burke.
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The 2026 McGrath Report warns that without urgent reforms to planning, infrastructure and construction, housing affordability will continue to slip beyond reach for most Australians.
3 min
Australia’s housing market has reached a critical juncture, with home ownership and rental affordability deteriorating to their worst levels in decades, according to the McGrath Report 2026.
The annual analysis from real estate entrepreneur John McGrath paints a sobering picture of a nation where even the “lucky country” has run out of luck — or at least, out of homes.
New borrowers are now spending half their household income servicing loans, while renters are devoting one-third of their earnings to rent.
The time needed to save a 20 per cent deposit has stretched beyond ten years, and the home price-to-income ratio has climbed to eight times. “These aren’t just statistics,” McGrath writes. “They represent real people and real pain.”
McGrath argues that the root cause of Australia’s housing crisis is not a shortage of land, but a shortage of accessibility and deliverable stock.
“Over half our population has squeezed into just three cities, creating price pressure and rising density in Sydney, Melbourne and Brisbane while vast developable land sits disconnected from essential infrastructure,” he says.
The report identifies three faltering pillars — supply, affordability and construction viability — as the drivers of instability in the current market.
Developers across the country, McGrath notes, are “unable to make the numbers work” due to labour shortages and soaring construction costs.
In many trades, shortages have doubled or tripled, and build costs have surged by more than 30 per cent, stalling thousands of projects.
Need for systemic reform
McGrath’s prescription is clear: the only real solution lies in increasing supply through systemic reform. “We need to streamline development processes, reduce approval timeframes and provide better infrastructure to free up the options and provide more choice for everyone on where they live,” he says.
The 2026 edition of the report also points to promising trends in policy and innovation. Across several states, governments are prioritising higher-density development near transport hubs and repurposing government-owned land with existing infrastructure.
Build-to-rent models are expanding, and planning reforms are gaining traction. McGrath notes that while these steps are encouraging, they must be accelerated and supported by new construction methods if Australia is to meet demand.
One of the report’s key opportunities lies in prefabrication and modular design. “Prefabricated homes can be completed in 10–12 weeks compared to 18 months for a traditional house, saving time and money for everyone involved,” McGrath says.
The report suggests that modular and 3D-printed housing could play a significant role in addressing shortages while setting a new global benchmark for speed, cost and quality in residential construction.
Intelligent homes
In a section titled Weathering the Future: The Power of Smart Design, the report emphasises that sustainable and intelligent home design is no longer aspirational but essential.
It highlights new technologies that reduce energy use, improve thermal efficiency, and make homes more resilient to climate risks.
“There’s no reason why Australia shouldn’t be a world leader in innovative design and construction — and many reasons why we should be,” McGrath writes.
Despite the challenges, the tone of the 2026 McGrath Report is one of cautious optimism. Demand is expected to stabilise at around 175,000 households per year from 2026, and construction cost growth is finally slowing. Governments are also showing a greater willingness to reform outdated planning frameworks.
McGrath concludes that the path forward requires bold decisions and collaboration between all levels of government and industry.
“Australia has the land, demand and capability,” he says. “What we need now is the will to implement supply-focused solutions that address root causes rather than symptoms.”
“Only then,” he adds, “can we turn the dream of home ownership back into something more than a dream.”
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