Month: February 2019

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Sydney’s top three open homes to see this weekend

A European-inspired residence, a funky warehouse conversion and a coastal bolthole have caught Domain’s eye this week.
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Head to Turramurra, Newtown or Maroubra this Saturday to catch a viewing. Turramurra

$5 million

Having featured in Home Beautiful and Vogue Living, this elegant property can now add Domain to its list of fans as it hits the Turramurra market.

From formal living rooms with lofty ceilings to an outdoor terrace with Travertine pavers, the home evokes a feeling of an earlier time.

Di Jones Real Estate North Shore agent Tim Fraser has scheduled the auction for November 25. Travertine pavers lead to an in-ground pool. Photo: Supplied

See more of 11 Warrangi Street hereRelated: Three of Domain’s favourite open homesRelated: Inside Darlinghurst’s ‘groundbreaking’ nano padRelated: The ‘scruffy’ suburb in full transformation modeNewtown

$2,750,000

This former warehouse is a blank canvas ready to be transformed into an upsizer’s den, a base for a budding family, or an executive couple’s dream digs. 68 O’Connell Street, Newtown NSW. Photo: Supplied

With lofty ceilings, a sitting area and two bedrooms in the upstairs retreat, and a poolside courtyard, this property is fun and practical.

BresicWhitney Darlinghurst agent Maclay Longhurst will lead the property to its November 18 auction. Lofty ceilings add to the warehouse conversion’s character. Photo: Supplied

See more of 68 O’Connell Street hereMaroubra

$3 million

After a long day at the office, coming home to this coastal hideaway will be a breath of fresh air. 6 Duncan Street, Maroubra NSW. Photo: Supplied

Soak up the ocean views from the verandah, potter around in the level yard, or stroll down to Maroubra Beach for a dip.

A custom-designed kitchen is the centrepiece of the home.

Doreen Wilson of Phillips Pantzer Donnelley has scheduled the auction for November 18. The interiors are fresh and light. Photo: Supplied

See more of 6 Duncan Street here or download the Domain app for more open homes across Sydney


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Denis O’Neil buys Vaucluse house for $5.5 million

Property developer Denis O’Neil and his wife Charlotte have bought a new forever home on the clifftop at Vaucluse to replace the $28 million Addenbrooke estate in Bellevue Hill they sold to billionaire Bob Ell in 2013.
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The Jensen Avenue house is expected to be another renovation for Charlotte, whose interior design skills have made good the Woollahra homes where they’ve been slummin’ it in recent years.

Settlement will reveal the exact purchase price paid by the O’Neils, given no disclosure on the result. However, Ray White Double Bay’s Elliott Placks and Ashley Bierman were asking $5.5 million, and it’s likely they would have been required to cough up more than that to secure the home ahead of the scheduled auction.

The three-bedrooom house with a pool and uninterrupted ocean views last traded in 1995 for $722,000. The three-bedrooom house last traded in 1995 for $722,000. Photo: Supplied

Home-owners on the South Head clifftop have done well since police raided the clifftop house of “Teflon” John Ibrahim in August and left without laying charges.

Celebrity accountant Anthony Bell set a Dover Heights record of $11.5 million in September when he bought the clifftop house of his mate, Morning Show co-host Larry Emdur.

Speculation has it Bell bought it for his estranged wife Kelly Landry, leaving him the Watsons Bay waterfront with its private jetty access. Police search John Ibrahim’s home in Dover Heights. Photo: Janie Barrett.

Meanwhile, a sold sign has gone up on the Vaucluse home of Westpac senior executive Michael Correa and his stylist wife Heidi Carter.

Ray White’s Elliott Placks declined to reveal the buyer, rumoured to have paid $7.15 million, but the result is well up on the $4.9 million they paid three years ago from former prima ballerina Darcey Bussell and her fund manager husband Angus Forbes.

Correa and Carter aren’t going far. Sources have dobbed them in as the almost $8 million buyers of the Gibsons Beach home of former Deutsche Bank managing director Matt Milsom sold through Ray White’s Gavin Rubinstein. Stylist Heidi Carter (above) and Westpac senior executive Michael Correa have sold in Vaucluse. Photo: Supplied by Ray White Related: No mansions bought by foreigners this yearRelated: Mad Max actor cashes in on $1.3m saleRelated: Lowy buys beachfront neighbour for $14.2m


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Historic Marrickville cottages with towering sewer vent on the market

Two adjacent unremarkable heritage-listed worker’s cottages have come onto the market in Premier Street, Marrickville, but it’s the structure in between them that will leave a lasting impression.
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Also heritage-listed is a tall brick sewer vent, resembling a chimney, which is impossible to miss.

While the houses are within metres of the heritage stack, it is separated by a fence and a narrow strip of land on both sides, and remains the property of Sydney Water.

Built in 1898, the vent sits above the junction of three sewer mains, which originally led to a sewage farm at Rockdale. Editions of both The Daily Telegraph and the Sydney Morning Herald make reference to its planned construction in 1897, with the tower to be 90 feet (27.4 metres) high and expected to cost around ??600 at the time.

It was built by the Public Works Department for the Western Suburbs Sewerage Scheme and put into service between 1898 and 1900, with the adjoining cottages intended as accommodation for employees – although Sydney Water records state “in the recent decades they were leased through independent property management agencies and were not tenanted exclusively by Sydney Water employees”.

“They’re original homes … one has the old stove in it. The kitchen has been updated at some point,” said agent Spiro Deligiannis, from Ray White Marrickville. “There’s tunnels beneath the stink pipes that the workers used to go under.”

Mr Deligiannis noted that while they were selling both, the properties were on offer individually with a price guide of $1.1 million each.

And the vent itself has been well looked-after, he said. “It’s been refurbished – they have been working on it for months and months. They’ve used some of the bricks from the walls from the properties. It’s solid.” Related: The perfect Saturday in MarrickvilleRelated: Mosman home with WW2 bomb shelterRelated: How Sydney looked 40 years ago

The stack was refurbished in 2000 but is no longer in operation, with the vent shaft reduced in height earlier this year.

Mr Deligiannis said the stack had its own entrance at the front, so owners would not need to worry about workers potentially needing access via the property’s yards.

The Marrickville Sewer Vent is not the only one in Sydney – another, similar tower built in the same year can be found at the corner of Falcon Street and the Warringah Freeway in North Sydney. Sydney Water records note that Lewisham,Stanmore,Glebe and Bellevue Hill also house these unique, heritage-listed structures.

A property at 125 Corunna Road, Stanmore, which had a heritage listed stack in the front yard, was sold at auction earlier in 2017 by the Sydney Water Corporation for $1,405,000.

Heritage records for the Stanmore stack note that it and the vent on Premier Street in Marrickville “appear to be the only ventilation shafts ever built in NSW that feature associated accommodation facilities”.


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‘You can beat’ Amazon, says powerful Aussie tech investor

The most powerful and celebrated Aussie investor in Silicon Valley says fears of Amazon’s dominance in e-commerce are overblown.
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Jeremy Liew, who was propelled into the top echelon of US startup investors earlier this year when his early bet on Snapchat paid off spectacularly, told Fairfax Media over coffee in San Francisco this week that Jeff Bezos’ $US500 billion ($628 billion) plus e-commerce giant should not be seen as invincible.

“The narrative of you can’t compete with Amazon, it just looks like it is wrong,” he said.

His comment comes as Amazon prepares to finally launch an online retail offering in , as soon as this month. The Seattle-based internet conglomerate, which has had a presence in via its web services business for years, is holding a seller summit in Sydney next Monday.

Despite Amazon’s perceived dominance of online retail, Liew points out that in recent years there have been a string of successful e-commerce companies in the US and Europe that have either listed on stockmarkets or been acquired for billion-dollar prices.

These include Chewy, a petfood delivery firm acquired by brick and mortar rival PetSmart for $US3.5 billion, subscription razor blade business DollarShave, which was acquired by Unilever for $US1 billion, and Zalando, a German online electronics retailer whose market cap has nearly doubled since listing.

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Looking for gold: What betting on horses can teach us

I spent the early part of this week involved with horses. Mind you it was nothing to do with the Melbourne Cup, although I “dips me lid” to Rekindling and his/her connections.
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My involvement with horses concerned the great heritage of the working horse, rather than the racing nags.

You see, I have a little place in the mountains where the famous 1982 movie The Man From Snowy River was filmed.

In fact, my near neighbour, Jack Lovick really was right in the middle of it. Jack is the legendary horseman who bought all of his horses together for the movie.

He also taught Tom Burlinson as Jim Craig how to ride for that incredible scene when the Man from the Snowy charges down an impossibly steep mountainside to capture the brumbies and take them home.

The movie put our little town of Merrijig on the map, as it did its investors. The $3 million production grossed $17 million at the box office.

But as an infamous Governor General once slurred at the presentation of the cup at the great Melbourne race ” it’s all about the horse” and indeed it is.

Humans love horses and whenever I have international visitors to my shack by the Delatite River I always get Charlie Lovick to ride a team of stock horses through the river waving the n Flag. The visitors love the feeling of being part of a living history, and they are.

One guest Stephane Martin, the great Director of the Musee du Quai Branly in Paris, reckoned he preferred watching Charlie pounding through the river bed than the Prix de l’Arc de Triomphe.

And then there was the memorable visit of Sir Andrew Davis, Chief Conductor of the Melbourne Symphony Orchestra and formerly of the BBC Proms.

As our man from Snowy river plunged into the water I told Andrew that it was tradition to feed the horse an apple. Charlie’s great quarter horse Dobbin, knew how to play the game.

We gave Andrew the apple and told him to grip it between his teeth and explained that the only way the now 16-year-old Dobbin would eat it would be him chomping it directly from Andrew’s mouth.

“Cripes,” says Louise, “Couldn’t you have got a foot-long carrot for the poor chap to offer?”

But Andrew came away smiling and with photos to send home showing how the mountain men of down under feed their animals.

And of course, there was lots of feeding of all kinds going on out at Flemington Race Course on Tuesday. I had years of firsthand experience when our company used to have a marquee for the entire spring carnival.

Many secrets were revealed over the champers and chicken sandwiches. Being a nondrinker, I usually found that the business reconnaissance steadily improved as the champagne dwindled.

But my best memory was hosting actor Willem Dafoe after his appearances in the 2001 Melbourne Festival. As a New Yorker, he expected a heavy mafia presence and no women.

His mood changed as he moved through a very friendly and heavily female crowd to place a bet while the whole crowd was whispering in bubbly breaths “I know that face” until one woman shrieked “Its Willem” and charged at him as if he was the finishing line.

But back to the Man from Snowy River for a moment. It’s a complicated story of love, adventure and doing the right thing.

Kirk Douglas was here playing the dual roles of Harrison and Spur, two brothers in love with the beautiful Matilda; the mother of Jessica, played by Sigrid Thornton. Matilda declared that out of the two men vying for her love she would marry the first to make his fortune. Spur went looking for gold and Harrison bet his life savings on a horse race. Harrison became rich overnight when the horse won, and he went back to win Matilda.

It seems that betting on horse races has been in our blood right from the beginning. So has looking for gold. My fascination with horses continues and as our political and business environment swirls around like dust kicked up by a herd of wild brumbies, I think of the lessons that the equines can teach us.

Like never stand behind a horse, because it has a kick you’ll never forget. And make sure you clean up after yourself, because what horses leave behind is messy.

Sadly, I think the events of this week in Canberra should have had someone walking behind with a shovel. There’s been far too much of it left on the ground.

And finally, as Charlie Lovick says, “never change horses mid-stream”.

But looking for gold and betting on a horse are still part of our n character – and let’s hope it is forever.


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