North Curl Curl home built by Jennifer Hawkins and Jake Wall back on block for $8m
The North Curl Curl home built by Jennifer Hawkins and her builder husband Jake Wall has returned to the market with $8m expectations.
The Windy Dropdown, North Curl Curl home built by Jennifer Hawkins and her builder husband Jake Wall has returned to the market with $8m expectations.
The clifftop residence is being marketed as “an inspired statement in contemporary coastal design by architect Koichi Takada, and finished to luxurious perfection”.
It last traded in 2017 at $5.2m when sold to the Papaionnou family by mining executive Elizabeth Gaines and her husband Kevin Manuel, who had bought the 2010-built home from Sydney’s glamorous property developer couple for $4.1m in 2014.
“We are looking for buyer feedback from our first inspection Saturday, as a general guide we feel that it will be $8m,” Stone Real Estate Seaforth listing agent Phillip Wright advised.
Gaines, who heads Andrew ‘Twiggy’ Forrest’s Fortescue Metals, sold when she moved to Perth, where she lost money on her initial property foray.
Gaines spent $3.57m in 2016 in Cottesloe when she bought from the Hughes car dealership family, shortly after being appointed CFO at Fortescue. The three-level Blane Brackenridge-designed apartment was onsold in 2018 at $3.35m when they upgraded to a nearby $5.75m house.
Hawkins, the former Myer ambassador, and Wall went onto build at Newport, selling Casa Paloma last June for a record $24.5m record to Atlassian’s Mike Cannon-Brookes and his wife, Annie.
Hawkins and Wall’s application last November for a new $3m Whale Beach home is yet to secure approvals, currently delayed by engineering concerns regarding the proposed driveway construction over council’s stormwater infrastructure.
They picked up the prized oceanfront Rocca Bella estate last July for $6.95m from Lorraine Tarabay, chair of the Museum of Contemporary Art, who had decided not to proceed with her approvals for the 3300 sqm site she’d bought in 2015 for $6.9m, from the executors of the soprano Dame Joan Sutherland.
Hot property
Auction activity picked up after the Easter break, but school holidays saw subdued listings across the capital cities this week with 2170 homes taken to auction, up on the 845 auctions held over the Easter week.
CoreLogic calculated a 79.9 per cent national success rate.
“Clearance rates again reflected boomtime market conditions in all capitals although Sydney and Melbourne were well down on recent weekend results,” noted Dr Andrew Wilson, chief economist at AI property intelligence platform Archistar.
The nation’s highest advised sale came pre-auction in Sydney’s Randwick. It was an $8.5m sale, the suburb’s fourth record-setting trophy home sale in just eight months.
The Fraser St house sold within 48 hours of being listed last month by Mark McPherson and Emilee Tayyara at McGrath. The extended 1910 home, last traded three decades ago in 1991 at $585,000, sold to a young expatriate family returning from New York.
Among Sydney’s results was an East Lindfield sale at $3,780,000, some $380,000 above the reserve. Its Ray White Upper North Shore agent Jessica Cao had 10 registered bidders.
The young family who bought 45 Carlyle St had missed out at several auctions over the past few months when realestate.com.au has put the weekly success rate consistently above 80 per cent. The weekend saw an 87 per cent clearance rate.
Prime position
Melbourne’s top advised sale result was $2,925,000 in Kew for a knockdown three-bedroom brick home set on 900 sqm.
The 209 Brougham St price guide had been $2.1m to $2.2m through Langwell Harper Property.
“The true value of this property inherently lies in the location and land size,” agent Arthur Korf said. “The large home has seen better days.”
There was also undercover garaging for eight cars. The auction reserve was $2.2m with the offering attracting 10 bidders after Korf took 50 to 60 inspections through its four week campaign. “No doubt the lack of availability of larger sites for new homes helped the price outcome,” he said.
Amid the 82 per cent success rate, Melbourne’s next priciest sale saw 148 Evans St, Port Melbourne, sell at $2,825,000.
The price guide had been $2.3m to $2.5m through Marshall White agents Justin Holod and Georgia Whitford. It last sold in 2004.
The marketing suggested the 332 sqm holding was located at “the Paris end of Port Melbourne”. With the 109 tram on the doorstep, the renovated home stretches over two levels, with four bedrooms, a study and two bathrooms.
The home, with a picturesque Victorian facade, attracted the mature downsizer market, along with younger local families upgrading. There were two strong bidders and two others didn’t have a chance to get involved.
“I wish I had another one, because we’d sell it tonight,” Holod said.
Country retreat
Outside of Melbourne, Cloverdel, a near 3ha estate at Woodend, fetched just over $3m through Jellis Craig. There were three bidders among the six interested parties when the four bedroom former shearer’s cottage went to auction.
“The cottage delivers classic rural living with contemporary flair,” the marketing by Tom May and Terry Gibson advised with the estate set amid farmland ensuring privacy and serenity.
Located less than an hour from Melbourne, the price guide had been $2.3m to $2.5m.
The 108 Carlsruhe Station Road offering had been restored and extended since sold at $800,000 in 2010, when its reserve price was $550,000.
Terrace fetches $2.75m
With agents securing a 77 per cent success rate, Brisbane’s top sale was $2.75m when Glynis Austin Properties, in conjunction with Ray White, auctioned a historic Petrie Terrace offering. The 20 Mountjoy St property was a four-level Victorian era home built in 1887 by the Clancy family.
“It is regarded as the finest inner city home ever offered for sale,” selling agent Glynis Austin said.
The home, located on the top of what was known as Bishops Hill, has been owned by only four families in 125 years, having last sold in 2012 at $2.05m.
The five bedroom home, with four hotel-styled bathrooms, features high ceilings and jarrah flooring.
The vendors are off on a retirement sea change.
There was a $1.96m sale at Hamilton, well above its $1.5m reserve, through Ray White agent Damon Warat who had 13 registered bidders.
The vendors, the McGill horse racing family, who have a street named after them in the neighbourhood, had owned the house for 120 years, having sold various parcels of their land over the years with this one being the last remaining.
Villa snapped up
Adelaide’s top sale was when $2.75m was paid in Malvern. There had been a $2.4m price guide through Ouwens Casserly for 91 Cambridge Terrace, a three bedroom sandstone villa.
Realestate.com.au put the city’s weekend clearance rate at 88 per cent from 28 results.
Cheap and cheerful
Brisbane had the nation’s cheapest capital city result when $286,000 was paid in Woodridge. Raine & Horne Shailer Park advised the listing was mortgagee in possession.
The three bedroom house at 86 Jean St last sold at $167,000 in 2005, and is set within the City of Logan, some 22km south of the Brisbane CBD.
The last asking rental was $295 a week in 2019.
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