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Over the weekend and today, a handful of ultra-luxurious properties came to market, including two opulent residences located on the Mornington Peninsula.
Filled with Victorian terrace homes, boutique shops, bustling cafes and cool bars, Paddington is one of Sydney’s most vibrant and trendy suburbs. Located just 10-15 minutes from the city centre, the suburb is well-positioned for a convenient city lifestyle. The inner-city locale spans approximately 1.6 square kilometres and comprises five leafy parks.
Paddington is home to a population of 12,701 and records a median age of 38. The suburb is popular among childless couples who account for 49.6 per cent of households in the area, as well as renters at 45.6 per cent.
In the past two years, Paddington has recorded around 30 per cent property price growth, pushing the median house price to A$3,187,500. This year, the area has seen 250 properties sold and listings spend an average of 29 days on the market.
Spanning four levels, this elegant Victorian terrace home features a vine-wrapped sandstone courtyard, marble fireplaces, a sleek open-plan kitchen and multiple family areas.
The Paddington property comes with a buyer’s guide of A$7 million.
71 Brown Street, Paddington, NSW 2021
Located 26 kilometres north-east of Melbourne’s CBD, Kangaroo Ground is a small country town surrounded by green hills and open woodlands. Characterised by acreages, a tight-knit community and natural beauty, Kangaroo Ground lends itself well to serene country living.
Home to 1,208 residents, Kangaroo Ground is a small township where the median age is 44 and couples with children comprise 53.6 per cent of households. In terms of household occupancy, approximately 47 per cent of households are purchasers, followed by outright owners at 39 per cent.
With few listings coming to market each year, there are no long-term property price growth statistics, however, Kangaroo Ground’s most recently recorded median house price was A$1,965,000.
Set on 20 lush acres, ‘Yarraman Retreat’ presents a peaceful countryside oasis where impeccable views frame every room. Inside, discover smoked American oak joinery, open-plan living, spa-like bathrooms and spotted gum timber flooring throughout.
The Kangaroo Ground property comes with a price guide of between A$5.7—A$6.27 million.
80 Bourchiers Road, Kangaroo Ground, Vic 3097
Known as one of the most affluent suburbs on the Mornington Peninsula, Brighton is characterised by its mansion-lined streets, boutique shopping, upmarket dining and beachside location. The coastal locale is located around 11 kilometres from Melbourne and is home to 22,758 residents with a median age of 48.
Despite recording a property price decline of two per cent, Brighton commands a high median house price of A$3.45 million. Listings in the suburb spend an average of 30 days on the market, and so far in 2022, a total of 268 properties have sold.
Boasting a sought-after Golden Mile address, this iconic residence features Romanesque-style architecture, a tennis court, swimming pool and expansive balcony overlooking the property and out to Head Street Reserve.
The property is listed for private sale with a price guide of A$11—A$12.1 million.
16 Head Street, Brighton, Vic 3186
Positioned between Portsea and Blairgowrie, Sorrento is a charming seaside suburb located on the Mornington Peninsula. Spanning seven square kilometres, the coastal enclave comprises parks, beach walks, upmarket housing and a picturesque shopping and cafe strip along Ocean Beach Road.
In 2021, Sorrento recorded a population of 2,013 residents with a median age of 64. The suburb is popular amongst childless couples, particularly empty nesters looking for a seachange, who account for nearly 70 per cent of Sorrento households. Approximately 65 per cent of Sorrento households own their property outright.
Given that Sorrento listings are hard to come by, the most recently recorded median house price is A$1,175,000 from 2021.
Set on an 831-square-metre block is this immaculate, newly-built coastal retreat. Designed by architect Nicholas Murray, the property features bright, open-plan living zones, spa-like bathrooms and large sliding doors.
The residence is listed for private sale with a price guide of A$4—A$4.4 million.
28 Canterbury Street, Sorrento, Vic 3943
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