Newport icon with oceanfront poise shatters sale records
A fusion of Japanese minimalism and coastal luxury, this Newport beachfront home by Peter Stutchbury is a modern classic.
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Sydney’s renowned ‘Copper House’ in Newport has shattered beachfront sale records, selling for $17.5 million – the highest price ever achieved for a beachfront property between Freshwater and Whale Beach.
Although it sits just off the sand at Newport in Sydney’s Northern Beaches, this Myola Rd residence takes its cues from global design practices.
The four-bedroom home was the original vision of investment banker-turned-yoga devotee Eriko Kinoshita and her husband, Clive Mayhew, a former executive at Netscape.
The couple bought the land in 1992 for $750,000 and engaged Peter Stutchbury and his team to create a fusion of Japanese and Western influences that demonstrate Asian minimalism and relaxed Aussie living.
Award-winning Bellevarde Constructions completed the home in 2006. However, despite its almost two decades, the modern beach house with its striking copper roof still stands the test of time along one of Sydney’s most coveted waterfront parcels.
Kinoshita and Mayhew sold the Myola beach pad back in 2016 for $7.9 million, then it exchanged hands again in 2019 for $8.5 million. Today, the home on 1146sq m of level oceanfront land is listed via a private treaty campaign with a guide of $15.5 million to $17 million through Ray White Northern Beaches agents Emma Blake and Sasha de Bilde.
One of only four properties on the short street, the house is a local landmark thanks to its iconic asymmetrical roofline.
Upon entry, a tranquil reflection pond pulls focus along a gallery foyer and the open plan ground floor space combines living and dining as well as the state-of-the-art entertainer’s kitchen. In addition to high-end appliances, the kitchen has a butler’s pantry and Italian Copper bench tops, which pay homage to the unique exterior of the house.
The living zone peels back via sliding doors to connect the house with not only a lush landscaped lawn, but also the prized beachfront deck and ocean.
For those days when the Pacific is too wild to play safely, the 23m hydronic heated and tiled lap pool, plus the separate hot tub, make perfect relaxing alternatives.
On the same level, there is also a private study, a family room for movies, a barbecue side terrace and access to a 1000-bottle wine cellar.
Up on the accommodation level, the main bedroom is home to a sleek bath ensuite, ample walk-in wardrobe space and more sliding doors to showcase the enviable water view.
The remaining bedrooms upstairs feature custom-made built-ins and copper louvres controlling the natural sunlight throughout the day.
Added extras of the Newport beach house include an outdoor shower, iPad-controlled designer lighting, security gates with keyless entry and a double lock up garage with additional storage.
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Strong population growth, major infrastructure spending and comparatively affordable property are expected to cement Melbourne’s position as Australia’s most attractive long-term real estate market.
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Melbourne is poised to become Australia’s largest city within the next decade, with strong population growth, infrastructure investment and relative affordability driving long-term property demand.
A new research report from Knight Frank argues the Victorian capital remains one of the country’s most compelling markets for investors, businesses and residents.
The report highlights the city’s rapidly expanding population, diverse economy and major infrastructure pipeline as key factors underpinning future property growth.
Knight Frank Managing Director Victoria, Dominic Long, said Melbourne’s fundamentals continue to position the city strongly for long-term investment.
“Melbourne continues to stand out as one of Australia’s most compelling real estate markets,” he said.
“It is Australia’s strongest long-term growth city with the fastest growing population, the most diversified economy, world-class liveability and the most affordable major market for office, industrial and residential property.”
Population growth driving demand
Melbourne’s population has grown at an average rate of 1.8 per cent per year since 2000, faster than any advanced global economy, according to the research.
In the year to June 2025 alone, the city added about 123,500 residents, the largest annual increase of any Australian capital.
Population growth is expected to remain one of the key drivers of demand across residential and commercial property markets, including housing, offices and logistics space.
The report forecasts Melbourne’s population will overtake Sydney’s by the 2030s, reinforcing its position as the country’s fastest-growing major city.
Office market offering value
Melbourne’s CBD office market is also attracting renewed attention from investors.
Prime office rents remain significantly lower than in competing cities, with CBD office space about 46 per cent cheaper than Sydney and around 13 per cent cheaper than Brisbane.
That relative affordability is expected to drive long-term demand from occupiers and investors seeking value in Australia’s largest office markets.
The city’s office sector is also showing signs of recovery, with effective rents rising in 2025 and demand increasing for high-quality buildings in premium locations.
Industrial market benefiting from scale
Melbourne’s industrial sector continues to expand, supported by strong population growth, e-commerce demand and the scale of the city’s logistics network.
The city already hosts the country’s largest industrial market, with about 34 million square metres of warehousing stock and significant land available for future development.
Industrial rents remain competitive compared with other capitals, while Melbourne’s port handles the largest container volumes in Australia, further supporting demand for logistics space.
Infrastructure pipeline supporting growth
More than $200 billion in transport infrastructure investment between 2014 and 2036 is also expected to reshape the city and support future property values.
Major projects include the Metro Tunnel, the West Gate Tunnel, the North-East Link and the Suburban Rail Loop, which together will improve connectivity across Melbourne and its growth corridors.
Knight Frank’s Head of Research & Consulting, Victoria, Dr Tony McGough, said these investments would play a key role in supporting the city’s economic expansion.
“Melbourne is Australia’s most economically diverse city and has delivered stable growth for more than two decades,” he said.
“With strong population growth, a highly educated workforce and unprecedented infrastructure investment, Melbourne is well placed to remain one of Australia’s most attractive long-term property markets.”
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