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Richard Royle

Rare Sapphire Coast Property

By Cullen Royle Featured
— Editorial —

Combine coastal and rural living at this rare Sapphire Coast property

Allhomes – Canberra ACT

It really is the best of both worlds at 1795 Tathra Bermagui Road, Wapengo, with two separate homes sitting on a large package of land that can provide two different lifestyles.

Pick a rural farm life, or make the short drive to nearby Tathra or Bermagui for laid-back coastal vibes.

The main homestead, Ivy Hill, and adjoining the home, Dundundra, have been recently renovated to include high-quality, modern finishes that don’t diminish their country feel.

Together, they sit on a block of around 65 hectares, separated by Wapengo Creek. The current owners are open to selling the separately titled blocks together or individually.

The farmland has been meticulously looked after and offers cattle-handling facilities, high-quality pastures, and separate fenced paddocks.

Selling agent Richard Royle of Cullen Royle Property and Advisory said both properties had been owned by the same family for 17 years.

“The Killen family have been there for a long time now, and it’s been extremely well looked after and updated under their care,” Royle said.

“The renovations were actually coordinated by Andrea Killen, who not only has that personal connection to the property but is a renowned interior designer from AK Designs.”

The family have put plenty of thought and care into the gardens surrounding each of the homes, prioritising low-maintenance, easy-care plants and bushes. Mature trees are plentiful and the lawns and pathways are pristine.

Those stunning spaces can be enjoyed from the large verandahs that wrap around both houses and provide views over the Biamanga National Park and Mumbulla Mountain.

The Ivy Hill homestead is also home to the Ivy Hill Art Gallery – a DA-approved commercial space – which was established by the Killens to bring together artists and creatives from the region, as well as showcase the natural beauty of the area to passing tourists.

Royle said the listing was expected to receive a lot of interest from those looking to relocate to the beautiful Sapphire Coast – where offerings like this one can be hard to come by.

“The lifestyle this region provides is unique,” he said. “It’s known for the farmland, the scenery and the beaches. There’s actually a well-known surfing spot very close by and one of the most beautiful swimming holes in the area at Bithry Inlet about five minutes away.”

“The owners were initially attracted here by the climate, which tends to be cooler and is popular among those looking for a tree change from Canberra, Sydney or even further afield.”

Prospective buyers shouldn’t worry about being too far from friends and family. With a combined eight bedrooms and five bathrooms, there is plenty of room for visitors to stay and soak in the coastal country lifestyle here – but only if you’re willing to let them in on one of NSW’s best-kept secrets.

Link to article.

Margaret River Beauty

By Cullen Royle Featured
— Editorial —

Pullman Bunker Bay beachfront Margaret River for sale – Cullen Royle

The Real Estate Conversation

1 + 10 / 42 Bunker Bay Road Naturaliste for sale by Deborah Cullen and Richard Royle of Cullen Royle are located on pristine Cape Naturaliste coastline in a private gated estate.

The expansive North facing blocks (Lot 1 – 849spm and Lot 10 – 952sqm) boast incredible ocean views, direct boardwalk access to the beach, and use of the resort facilities including restaurant, tennis courts, swimming pool and day spa.

“Lot 1 and 10 are north facing and absolute direct beachfront land sites. They are in the private and gated estate of the Pullman Bunker Bay and have use of the resorts facilities,” Deborah Cullen told LUXURY LIST WEEKEND.

“It has a helipad and direct flights from Melbourne to Busselton with Sydney direct flights in discussion. It is a popular holiday destination from Singapore and Hong Kong. Once your dream villa has been created, you can rent it back through the resort or one of the luxury holiday letting businesses that specialises in the area. Boat moorings are available for purchase as well.”

This opportunity allows buyers to create a dream home in the front row of this private enclave of luxury homes. Day-to-day living can include use of the resort for recreational and hospitality or just remain in your own private oasis with local shopping centres nearby for day-to-day items.

Design guidelines have been provided to ensure that every home sits within the natural landscape at the resort with integrity and privacy. Upon completion, the property can be leased, either via Pullman Resort management or a local luxury holiday rental specialist.

Within an easy 3 hour drive from Perth, the area features an abundance of natural walks and hiking trails, beautiful surf and swimming beaches, world class wineries, and fabulous breweries and distilleries.

Link to article.

Guntawang Sold

By Cullen Royle Featured
— Editorial —

Mudgee Region estate Guntawang sold by Cullen Royle

The Real Estate Conversation

594 – 680 Goolma Road Gulgong sold by Richard Royle and Deborah Cullen of Cullen Royle attracted enquiries from the USA, China, Singapore, Hong Kong and UK.

The approximately 451.7 hectare (1,116 acre) property is one of Australia’s most notable rural properties, positioned on the banks of the Cudgegong River. Guntawang’s grand colonial homestead was designed by renowned colonial architect John Frederick Hilly and built in the late 1860s to early 1870s.

Speaking to LUXURY LIST WEEKEND, Richard Royle said the sale attracted enormous enquiry and interest across a very broad segment of buyers.

“Guntawang is one of Central Tablelands most iconic rural properties and has a long association with the horse racing industry in Australia. The beautiful colonial homestead and stables are highly regarded for their architecture and Guntawang was the birth home of the mother of one of Australia’s most noted poets, Henry Lawson,” Richard told LUXURY LIST WEEKEND.

“The marketing attracted a diverse mix of buyers mainly from NSW, Queensland and Victoria, and international enquiries from USA, China, Singapore, Hong Kong and UK. Guntawang is also a thoroughbred stud and attracted buyers in the equine industry. Guntawang’s colonial buildings and rich history makes for a tremendous tourism destination or grand private estate.”

Guntawang was once a self-contained community with its own school, post office, church and inn which serviced workers and miners of the surrounding gold fields. A lot of the original buildings remain today and would make an outstanding tourism destination or remain a private estate as it is today.

The buyers are a Sydney based family who are looking forward to being the next custodians of such an iconic and productive property.

While the amount of enquiry for the Mudgee property was strong, Richard told LUXURY LIST WEEKEND he had noticed a slump in inspections.

“We have noticed a lot of our buyers are currently travelling internationally and inspections have dropped off accordingly. The current wave of positive COVID cases and flu in Australia is also attributing to the lower number of inspections. However, the enquiry remains strong with buyers reluctant to travel, if they can avoid it right now.”

Link to article.

Luxurious Beachside Escape

By Cullen Royle Featured
— Editorial —

The Dunes In Yorke Peninsula Is An Off-Grid Sanctuary

If South Australia didn’t seem like the obvious choice for a luxurious escape before, The Dunes in Yorke Peninsula may soon correct any/all preconceived notions. Suspended above a “boundless aquamarine seascape” right by two kilometres of “pristine, white-sand beaches”, as you’ll discover over the course of this very article, some things truly are meant to be enjoyed in privacy.

This sprawling 273-acre property located at 400 Coopers Beach Road, Nalyappa was initially constructed circa 2014 in a collaborative effort between owner Peter Michell and renowned architect Max Pritchard. Suffice it to say, it didn’t take long before the Scandanavian-inspired residence earned some recognition from the AIA (Residential Architecture) awards that same year; universally praised as “one of the most unique coastal retreat residences of its kind” in all of Australia.

“Superlatives do little to encapsulate the total privacy and solitude The Dunes provides whilst also supporting the most luxurious of lifestyles without compromise,” reads the brochure description.

“Beyond the stunning architecture, elevated views and luxurious appointment, The Dunes supports a resort-like lifestyle with an infinite scope to expand and personalise all it has to offer.”

The Dunes in Yorke Peninsula offers a total of 875 square metres across the residence, garaging, and storage building. One can expect six bedrooms, five bathrooms, spacious lounge areas, theatre, and a chef’s kitchen with two butler’s pantries. Additionally, here you’ll find an outdoor alfresco terrace with a fireplace, courtyard, pool + spa + sauna package, sun deck, shed to stash away the tools/toys, and a four-car garage next to the helipad (yes, there’s a helipad). Other notable features include a purpose-built dune buggy racetrack and an oversized workshop to “accommodate any and every bush project.”

Of course, there are certain practical trade-offs when it comes to living off-grid. Thankfully, The Dunes’ well-considered design extends beyond the resort-like amenities and so forth. In terms of self-sustaining functionality, there’s an 80-kilowatt solar power plant funnelled into lithium batteries, 300,000 litres of water storage, plus an entire host of architectural features to efficiently regulate temperature. This slice of paradise also comes with an aquaponics geodome for vegetables and herbs to provide a year-round food garden, and even more impressively, a 45,000-litre fish tank currently stocked with over 60 edible silver perch. How good’s farm to table?

“The Dunes is truly a one-off resort-style estate without peer – there is nothing that compares,” says Deborah Cullen of Cullen Royle.

Centennial Coal Lists

By Cullen Royle Featured
— Editorial —

Centennial Coal lists 100-year old Lithgow residence “Lidsdale House

The heritage estate is for sale via an Expressions of Interest campaign by Cullen Royle and LJ Hooker Lithgow.

The property is on 2 titles at 1384 Castlereagh Highway in Lidsdale, 10 minutes outside of Lithgow, and is ready to be transformed from its current commercial use as local company headquarters and commercial offices for owner Centennial Coal.

The estate, which has a price guide of $2.5 million, is being marketed for sale via an Expressions of Interest campaign run by Cullen Royle and LJ Hooker Lithgow.

“Lidsdale House is one of those very special estates that is waiting for the next phase of its stylish life,” Deb Cullen told WILLIAMS MEDIA, “It has such divine Art Deco finishes throughout and a feeling of 1920s elegance which flows from the expansive residence to the beautiful Paul Sorensen gardens around the property. An amazing estate on 50 acres with two titles, two access roads and most importantly the stunningly majestic Blue Mountains as your background. A rarity indeed.”

Built by local businessman Frank Neubeck, Lidsdale House is one of the region’s finest examples of 1920s Art Deco style, constructed from locally quarried sandstone.

With an impressive internal floorplan of approx. 980sqm, Lidsdale House’s abundant accommodation includes 9 bedrooms, 5 on the ground floor level and 4 on the upper level, serviced by 4.5 bathrooms.

A large contemporary granite kitchen is placed in the centre of the home to provide easy access to the many living and entertaining areas.

The property’s established parkland style gardens were designed in the 1940’s by Paul Sorensen, considered one of Australia’s foremost garden designers and is famous for Leura’s ‘Everglades’.

A second original dwelling (on separate title) is on the property, providing opportunity for further improvement or development. A second entrance is also available on View Street.

Lidsdale House could remain as a private family home or be utilised as a commercial tourism destination.

“The estate has a wonderful history, having been built in 1920 by local mine owner Frank Neubeck,” Ms Cullen said.

“Over the years the house has been extended, and both the building and gardens, which cover 4 acres of the property, have been the subject of a long-term restoration program.”

“While it has been used as an office, there is so much potential for other uses, and we expect a range of buyers to be interested, including those looking to transform it into an accommodation residence, such as a guest house, or to turn it back into a gracious family estate.”

Lidsdale House, which was originally known as Neubeck House, is well-known in the area, hosting local community gatherings including the use of its pool and tennis courts right back in the middle of the 1900s.

Other features of the property include a glass enclosed winter lounge room, generous living room and wrap around garden terrace, a grand formal lounge room (formerly a ballroom), formal dining room, a sandstone barbeque pavilion, sheltered entertaining courtyard, original stables, workshop, double garage and a fruit orchard.

Mr Giokaris said it was expected there would be significant interest in Lidsdale House from Sydney-based buyers.

“The Lithgow region has become a vibrant regional area that is increasingly attracting tree changers,” he said.

“As a regional town with plenty of appeal, located just two hours west of Sydney, its popularity has grown in recent years, particularly since the pandemic began and the rise in working from home.

The estate is 10 minutes to Lithgow, 35 minutes to the Blue Mountains and close to many restaurants, hotels and attractions, such as Wolgan Valley, historic Leura, the Scenic Railway at Katoomba, the Three Sisters, Hartley Valley and Jenolan Caves.

The Expressions of Interest campaign for the property will close at 4pm on Tuesday, March 30.

Award for Excellence

By Cullen Royle Featured
— Recognition for Excellence —

Rural Marketer of the year.

Richard Royle was awarded “Rural Marketer” of the year by the Real Estate Institute of NSW.

Awards of Excellence

The REINSW Awards for Excellence gives recognition to the real estate industry’s top performers.

“The most prestigious awards of their kind in NSW, finalists and winners set the benchmark for professional standards and service in their specialist fields.” REINSW

Historic Mansion Lists

By Cullen Royle Featured
— Editorial —

Historic Singleton mansion Baroona hits the property market.

HARD on the heels of the offering late last year of Baerami House near Denman, another illustrious Hunter Valley ‘pile’ has hit the market with the listing of the Singleton district landmark, Baroona.

Known locally as ‘The Castle’ for its imposing scale and grandeur, Baroona is today owned by Singleton mining equipment manufacturer Tony Poke and his wife Gaylene, who bought it in 2011.

They are only the seventh owners to hold the property since the original homestead – extended and embellished many times since – was built nearly two centuries ago, in 1829.

For much of the intervening time, Baroona was owned by successive generations of the Dangar pastoral pioneering family, whose original family seat, Neotsfield, is close by.

Now the Pokes are looking to scale down and they have listed Baroona for sale with Deborah Cullen and Richard Royle of Cullen Royle.

Set on 33 hectares of land at Whittingham, seven kilometres south of Singleton, and 2.5 hours’ drive from Sydney, Baroona is regarded as a classic example of pastoral boom-time architecture.

It started out as a modest brick homestead called Rosemount in 1829 by John Larnach on the 1600ha Castle Forbes Estate of his employer, and later father-in-law, Major James Mudie.

The property’s transformation into the present-day grand mansion began in 1869 when Rosemount was bought by Albert Dangar, one of five sons of the colonial surveyor and pastoralist Henry Dangar.

Renaming the property Baroona, Dangar engaged the architect Benjamin Backhouse in 1871 to restore and extend the original building, resulting in two new wings being added. Further additions followed during the 1880s and ’90s, including a tower with viewing platform and spiral staircase designed by Frederick Menkens and a brick stable block by John Horbury Hunt.

Fastidiously maintained by the present owners, the homestead is of double-brick rendered construction on sandstone footings, set on a rise with views over the Hunter Valley to the ranges beyond. Entry is via a gatehouse with two bedrooms and living areas, followed by a driveway lined with jacarandas.

The house overlooks an extensive semi-circular lawn bordered by a stone wall and carriage drive, and is flanked by a swimming pool and glasshouse.

The main building has seven bedrooms, five bathrooms, formal lounge and dining rooms, a billiard room and a flagstone verandah. Upstairs is a private suite comprising a bedroom, bathroom and sitting room where the future King Edward VIII laid his head while visiting as Prince of Wales in 1920.

Internal features include cedar joinery, high ceilings, ornate plasterwork, marble fireplaces and two convict-built cellars.

The Horbury Hunt stables were the 1929 birthplace of Peter Pan, two-time Melbourne Cup winner in 1932 and 1934 for Rodney Dangar (Albert’s son).

Following a third unsuccessful tilt at the Cup in 1935, Peter Pan was retired to stud until put down after breaking a leg in 1941. He is buried on the property.

Well suited to recreational or stud horses and cattle, the property is watered by six dams, bores and a town water connection.

Pure Escape at Rocky Point

By Cullen Royle Featured
— Featured Article —

Kangaroo Island clifftop home expected to sell for the first time in more than 100 years.

Rocky Point on Kangaroo Island South Australia is for sale by Deborah Cullen of Cullen Royle.

One of the most unique – and arguably the best – beach houses in Australia, situated on a clifftop on South Australia’s Kangaroo Island with frontage to seven kilometres of stunning beach, is likely to sell for the first time in more than 100 years as it hits the market this week.

The 5.21 hectare property known as Rocky Point, which was built in 1908 and has been owned by the wealthy pastoralist Dutton family since 1918, features six bedrooms, two bathrooms, a sitting room, dining room, modern kitchen with pantry and two cellars inside its limestone walls.

The property also has a large boat shed and a rare beachfront boathouse for at least two boats, plus an offshore mooring. It also has a separate two-car garage.

Over its long history it has been meticulously maintained and where appropriate, artfully updated.

Deborah Cullen, who is marketing the property for sale via an expressions of interest campaign, said the property, which had been tightly held for more than a century, was expected to generate significant buyer interest.

“Both domestic and international buyers will to be attracted to the very unique offering, particularly in the post COVID-world,” she said.

“Buyers are increasingly looking for luxury and unique properties at home in lieu of travelling overseas and as an escape from dense urban cities, particularly now with the ability to live and work from anywhere.

“Rocky Point is truly a one-off property without peer – there is nothing that compares.

“It is a private sanctuary set in a stunning natural environment, in a pristine part of Australia that is unspoiled.

“The centrepiece of this remarkable property is its breathtakingly beautiful location, situated on a clifftop, quite literally jutting out into the sea and providing unparalleled and jaw-dropping panoramic views from its verandahs.

“Rocky Point dissects seven kilometres of stunning white beach, and is situated within the island’s most protected and prime north facing bay, called Eastern Cove.

“It has an extremely rare 365 metres of beach and clifftop frontage and is freehold title all the way down to the mean high-water mark.”

Ms Cullen said Rocky Point was an exciting opportunity to purchase an asset equipped to become an exceptional generational legacy.

“There is potential to customise and add further levels of sophistication to the house if desired, with development approval for the extensions already secured.

“Renowned South Australian architect, Ian Hannaford, has designed the extensions to be in harmony with the existing limestone house and the surrounding land and seascapes.

“The design incorporates three new very large bedrooms, extensive indoor areas for relaxation, entertaining or board meetings and a children’s retreat.

“In addition to private use, Rocky Point also has the potential as a luxury tourist retreat.”

Rocky Point was commissioned to be built in 1908 by the prominent South Australian Supreme Court judge, Sir John Gordon, who was the first to see Kangaroo Island’s potential as a private and secluded getaway; a place to do nothing, or something. It was then sold to the well-known Dutton Family in 1918.

Rocky Point’s extraordinary views and lifestyle has inspired some of Australia’s greatest artists and authors. Names like John Olsen, Arthur Boyd and Sir Russell Drysdale, and writers of the ilk of Patrick White, Alan Moorehead, David Malouf and Robert Hughes have left profound words in the visitors’ books, which reads like a who’s who of Australian cultural life over many decades.

Many a Vice Regal party has often stayed at the property, with many locals in days gone by, referring to the house as “Government House”. Even Princess Diana’s father, The Earl of Spencer has stayed.

Kangaroo Island has been rated the second-best island in Australia and the Pacific by Conde Nast Traveler magazine in 2020. Even billionaire, Andrew ‘Twiggy’ Forrest, has been quoted as saying; “Kangaroo Island is one of the most amazing preserves of Australian ecology, and in a global sense, one of the few totally pristine environments”.

The island – and Rocky Point – can be reached by jet, helicopter, ferry or private yacht.

The expressions of interest campaign for Rocky Point will close on 16th February 2021, unless sold prior.

Recon Daily – 17 Dec 2020

Link to Article Here

Sentry Rock

Hawkesbury Secluded Oasis

By Cullen Royle Featured
Sentry Rock
— Editorial —

Hawkesbury River home originally built by late stockbroker Rene Rivkin for sale with $12m guide

A spectacular oasis built by late stockbroker Rene Rivkin on the northern banks of Sydney’s Hawkesbury River has come up for sale.

The property sits on 4ha of land shared with Sentry Rock, the landmark believed to have been used by Captain Arthur Phillip as he explored the Hawkesbury in the 1780s.

Mr Rivkin built the ‘Appalachian-style’ cabin more than 20 years ago using Australian Cypress logs and it was sold a few months after his death in 2005, before reselling a further two times including in 2017 for $4.5m.

The seller is Louise Cordina of Cordina Farms, who has made substantial improvements and renovations to the Spencer property throughout her ownership. Today it has seven bedrooms, seven bathrooms, a cinema room, wine cellar and a manager’s quarters.

“The attention to detail and the improvements the owners have made to an already great property are flawless,” Harris Iverson’s Trent Iverson said.

Mr Iverson is offering the property with Cullen Royle’s Deborah Cullen via an expressions of interest campaign. The pair have set a guide of $12m.

Mr Iverson said the property is rather unique in that it is one of a few properties in the area that easily be accessed by both boat and car.

“It is truly rare to get something like this on the river that has so few neighbours,” he said.

The downstairs living area has a massive fireplace, a wine cellar with a lodge room and a spiral staircase carved into the rock that leads to a jacuzzi and sauna.

The gardens include a lily pond, the famed Sentry Rock, sprawling lawns and a 20m man-made waterfall. There is also a World War II munitions barge used for mooring river boats.

In total, there are seven buildings on the 4ha property including a workshop, manager’s quarters, entertainment pavilion and a toilet complex.

Other features include a helicopter landing pad, two waterfalls, a pizza oven, firepit and a boat ramp alongside the 30m marina berth.

The area is encircled by noteworthy national parks abounding in Aboriginal and European history including the convict-built Old Great North Road that once connected Sydney and Newcastle.

The majority of possible buyers are expected to have a high net worth after a private estate that is within reach of Sydney.

“We’ve seen a shift in buyers who would have once been after a weekender now want something they permanently live in,” Mr Iverson said.

“It is only 90 minutes by car or 20 minute trip by helicopter to the centre of Sydney.”

Expressions of interest close on the Spencer property on December 11.

Matt Bell – The Sydney Telegraph – 16 Nov 2020

Link to Article Here

Deborah Cullen and Richard Royle

The start of a new way

By Cullen Royle Featured
Deborah Cullen and Richard Royle
— Featured Article —

New boutique property agency, Cullen Royle, launches marking the start of a new trend in property services

Two of Australia’s highly experienced and trusted property agents in the luxury residential and rural sectors Deborah Cullen and Richard Royle have formed a partnership, launching a new business at a perfect time for the market, with the growing demand for property professionals with experience and tailored marketing strategies.

Deborah Cullen, who has a background in prestige residential property, and Richard Royle, whose expertise is in rural assets, have opened a new boutique property agency, named Cullen Royle.

Sydney-based Ms Cullen and Mr Royle will assist high net worth (HNW) domestic and international clients across Australia, specialising in luxury residential, lifestyle, rural and agricultural assets.

The co-principals will draw on 30 years of collective experience in real estate and long-established relationships to provide a best in class concierge-style service for their buyer and seller clients.

Ms Cullen said now was the perfect time for Cullen Royle to launch, as the agency would fill a gap in the market by responding to the increasing demand for a unique and personalised real estate offering in the HNW sector in particular.

“Throughout 2020 it has become clear that the marketplace has changed,” she said.

“Our high net worth clients are looking for something new and different to the traditional transactional-based listing and selling model of old, giving us a mandate for an alternative bespoke service.

“The establishment of Cullen Royle is in response to this demand, and we believe it marks the start of a new trend in property services.

“Our clients want an independent agency to assist them on the sale and purchase of their properties within a trusted, private and confidential process.

“As Cullen Royle is not weighed down by large corporate structures, we have the independence and flexibility to work in a skilled, creative and private advisory role for our clients.

“We will select complementary industry experts to assist us to represent our clients and work in a concierge style arrangement with the client’s needs at the absolute forefront of everything we do.”

Mr Royle added that being independent, nimble, connected and creative – all of which describe Cullen Royle – was the new way forward in property, especially in the HNW space.

“Creativity is one of key ingredients,” he said. “We will partner with talented marketing and advertising experts using cutting-edge methods to assist us in the storytelling we believe is necessary to underpin the value of our clients’ property assets and achieve above market results.

“I really believe we offer a product that is rare in the Australian property market. We have a wealth of experience across diverse property portfolios, which requires a special skill set, patience and personal connection.”

Over the years she has negotiated the sale of several $20 million-plus luxury assets in the city and best in class luxury country estates such as Mona Farm at Braidwood, and Bellagio Estate, Rosehill Farm, Yverdon Estate, Ripley Estate and Burradoo House in the Southern Highlands.

Mr Royle has extensive experience in the rural and agribusiness sector in Australia, most recently as director of CBRE’s NSW agriculture team, while previously leading Colliers International’s NSW agribusiness division.

Mr Royle has specialised in the divestment of family-owned farms and corporate agribusinesses, representing some of Australia’s most prominent HNW clients in the sales and purchase of a range of rural and agribusiness assets. Some of the most well-publicised sales in NSW include Brudle Park, Moree (circa $50 million); Warragundy, Mudgee ($23.5 million); Glencoe, Mendooran ($30 million) and Tongy Station, Coolah (circa $20 million).

Over the past eight years, Ms Cullen and Mr Royle have represented some of Australia’s finest rural and residential properties for some of Australia’s most prominent families, and Mr Royle said it was an exciting time for the market moving forward.

“The agriculture and rural lifestyle market is experiencing unprecedented demand,” he said.

“We have a high volume of self-funded buyers who are on the lookout for opportunities which offer both business and family lifestyle. Buyers tend not to be bound by any one region, or price range, and are prepared to wait for the right property.”

Ms Cullen said the luxury residential market was also experiencing strong demand despite COVID- 19.“Demand for luxury residential assets in Australia has remained stable this year and even strengthened, as people look for lifestyle properties to ‘wait out’ the pandemic, and for investments in lieu of being able to spend money on other things, such as travel,” she said.

“Many see this as a time of opportunity, but they need advice about where the market is headed in the future to determine what the best strategy is and to identify the most interesting and diverse opportunities to secure, add value and invest.”

Cullen Royle 2021