Palatial Mornington Peninsula estate on the market
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Palatial Mornington Peninsula estate on the market

A 35ha Mornington Peninsula estate has hit the market for up to $13.8 million, offering a rare blend of luxury living, contemporary art and working farmland in Flinders.

By Kirsten Craze
Fri, Nov 21, 2025 9:59amGrey Clock 2 min

A colourful Mornington Peninsula estate belonging to the billionaire Smorgon family has come to market with price expectations of between $12.8 million and $13.8 million.

Tallagandra is a 35ha working farm in Flinders that has been held by a company linked to Rodney Smorgon and his wife, Anne, for almost two decades.

The Smorgons’ Australian dynasty dates back to the 1920s when siblings Eric, Moses, and Abram Smorgon migrated down under from Ukraine. In Melbourne, the brotherly trio opened a kosher butcher shop on Lygon St, but went on to grow the family empire to include steel manufacturing and mining.

A descendant of Moses, Rodney purchased Tallagandra and its original mid-century house in 2008 for $3.25 million. Since then, the couple have created a glamorous regional retreat in the semi-rural township on the popular peninsula about 90 90-minute drive from Melbourne.

Forbes Global Properties’ Michel Gibson and Robert Fletcher are handling the listing.

Today, the estate at 84 Meakins Rd is home to a palatial main residence, cattle and an alfresco gallery of more than 30 sculptures by local and international artists such as Kiwi artist Phil Price, Chinese creative Goa Xiaowu and Aussie Christabel Wigley.

Blending rolling bucolic scenery with eye-catching contemporary art, Tallagandra is a unique parcel straddling two distinct worlds.

The modernised five-bedroom house, recreated by SJB Architects, is surrounded by landscaping that expertly complements the carefully curated art pieces that are also illuminated by night.

Walls of windows capture the picturesque backdrop and handpicked artworks while a series of living spaces, including a formal lounge room, a games room with a grand billiard table, and a sunken family room, dish up ample options for the avid entertainer. The modern kitchen has a vast central island bench, a butler’s pantry with a cool room, and a full suite of Miele appliances.

There is also a dedicated kids’ playroom and a large home office with a fireplace.

From the primary bedroom suite, the bath and shower overlook a peaceful fishpond and sculpture garden, but there are blackout blinds for privacy. There are also dual walk-in wardrobes, as well as a dressing room with island storage and skylights. An additional accommodation wing houses four more bedrooms and two bathrooms.

For outdoor entertaining, the expansive property has multiple decks that capitalise on the views from every angle, plus a pizza oven and barbecue area, a pool and a flood-lit tennis court.

Beyond the art and architecture, Tallagandra has cattle, a 900-tree olive grove, a chicken coop, 110,000 litres of filtered water storage, three dams, a spring-fed stream, a worm farm system, and more than 600 native trees planted to attract local fauna. Outhouses include a large four-car garage and a hangar-style work shed.

Surrounded by the Peninsula’s renowned vineyards and cellar doors, such as Nazaaray Estate Winery, as well as thermal springs, golf courses and popular restaurants, Tallagandra is approximately 7kms from Flinders and 95kms from Melbourne’s CBD and 120kms from the airport.

The Mornington Peninsula property at 84 Meakins Rd, Flinders is being sold via expressions of interest campaign through Michel Gibson of Forbes Global Properties.



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Australia’s hoped-for recovery in housing construction is losing momentum before it has had time to close the national supply gap.

Sales of new detached homes fell 10 per cent nationally in August, according to the Housing Industry Association’s survey of major volume builders across the five largest mainland states. It was the fourth consecutive monthly decline.

The fall was broad rather than isolated. Victoria recorded the largest retreat, down 27 per cent, followed by Queensland at 20.2 per cent, New South Wales at 17.5 per cent, South Australia at 10.8 per cent and Western Australia at 8.2 per cent.

Across the three months to August, sales were 19.3 per cent below the preceding three-month period and 7.7 per cent lower than the equivalent period a year earlier.

New-home sales matter beyond the immediate fortunes of volume builders. They are an early indicator of future starts: buyers sign contracts, finance is finalised, approvals are secured and construction follows months later. A sustained sales decline during the middle of 2026 is therefore likely to weaken commencements during 2027.

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The Reserve Bank’s August analysis showed new-dwelling construction prices increased 1.8 per cent during the June quarter and 5.3 per cent over the year. It attributed part of the pressure to oil-derived building products and other conflict-related costs.

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The figures complicate progress towards the Housing Accord target of 1.2 million homes. The National Housing Supply and Affordability Council reported 308,000 completions since the Accord began and 244,000 dwellings under construction in the March quarter. Approvals and commencements had improved, but falling sales risk undermining the next wave.

For developers and governments, the warning is that planning approvals alone do not create homes. Projects need finance, viable construction pricing and buyers able to settle. If one part fails, approved supply can remain on paper.

Data box

National August new-home sales: Down 10 per cent

Three months to August: Down 19.3 per cent from the preceding three months

Year-on-year three-month comparison: Down 7.7 per cent

Victoria: Down 27 per cent

Queensland: Down 20.2 per cent

New South Wales: Down 17.5 per cent

South Australia: Down 10.8 per cent

Western Australia: Down 8.2 per cent

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