House Hunting: What $12 Million Buys In Australia, Hong Kong And Manhattan

toorak estate on edzell ave melbourne australia
Melbourne, where the Edzell Avenue home is located, saw a 3.7% increase in property prices in December quarter 2020, according to the Australian Bureau of Statistics. (Private Property Global)

Australia’s housing sector has proven to be exceptionally resilient during the coronavirus pandemic, with each of the country’s capital cities seeing an annual rise in property prices. Last month, the Australian Bureau of Statistics reported a 3% increase in residential property prices in the December quarter 2020, led by Sydney (at 3%) and Melbourne (3.4%).

In this week’s look at international real estate markets worldwide, I compared homes in Victoria’s capital of Melbourne against similarly priced properties in Hong Kong and New York City. From a timeless estate in the Toorak neighborhood to a designer-done home on the coast of Deep Water Bay, here’s a closer look at what about $12 million buys in Australia, Hong Kong and Manhattan.

Lenox Hill, Manhattan, New York City | $12.75 million

living room and bar 625 Park Avenue, Apt 1A-D, new york city manhattan

The three-bedroom Lenox Hill co-op was meticulously redesigned by Manhattan-based designer Trish Reger. (Warburg Realty)

A sophisticated setting on 65th Street in Manhattan, this Lenox Hill residence comes with designer credibility thanks to a meticulous renovation by Trish Reger of Manhattan-based Reger Designs. The three-bedroom apartment takes in tree-top views of Park Avenue from its second-story perch.

library den inside  625 Park Avenue, Apt 1A-D manhattan apartment

Rich paneling fills the walls in the library/den. (Warburg Realty)

Features: The open-concept floorplan is full of custom details, including two gas fireplaces decorated in French limestone, modern fixtures, textured wall treatments and custom white oak doors and floors. The primary bedroom, which has park-facing windows, has been enhanced with paneled walls and an updated bathroom. A sitting room with another full bathroom sits adjacent.

 outdoor patio terrace at 625 Park Avenue, Apt 1A-D

The living room/bar area opens onto a private patio. (Warburg Realty)

Other perks: In addition to an open-concept living/dining room, a formal library and a media room, the residence opens to a private outdoor terrace shaded by mature trees. The 15-story pre-war building, designed by J.E.R. Carpenter and built in 1931, also has such building amenities as doorman and concierge services, a fitness center and central laundry.

Represented by: Andrea Wernick, Warburg Realty


Shouson Hill, Hong Kong | $12.62 million (HKD 98 million)

living room inside  5 Shouson Hill Road, Shouson Hill hong kong island

A step-down living room opens to the garden terrace. (OKAY.com)

Located in Shouson Hill, an affluent hillside neighborhood on Hong Kong Island, this designer-done apartment comes with a unique perk in the dense urban community: a large wraparound terrace garden with an outdoor fireplace and space for dining.

kitchen hong kong home at 5 shouson

The updated kitchen features an island/bar and updated cabinetry. (OKAY.com)

Features: Large windows and oversized sliding glass doors bring garden views inside the four-bedroom, two-bedroom home. Inside, dark polished concrete details and dark hardwood floors create visual contrast against the home’s cream-colored walls. The step-down living and dining rooms have direct access to the terrace.

outdoor terrace 5 shouson hill hong kong

The updated apartment in Shouson Hill also features an outdoor terrace. (OKAY.com)

Other perks: A total of four bedrooms and two bathrooms includes a decadent primary suite with a marble-clad bathroom and a soaking tub. The open-concept kitchen is anchored by an island/bar with a waterfall edge.

Represented by: Jonathan Miller, OKAY.com


Toorak, Melbourne, Victoria, Australia | $12.45 million (AUD 15.95 million)

front entrance to house at  7 Edzell Avenue toorak melbourne australia

The Art Deco-style home in the Toorak neighborhood is listed for about $12.45 million (or AUD 15.95 million). (Private Property Global)

Overlooking the Yarra River on Edzell Avenue, a coveted stretch in Melbourne’s Toorak neighborhood, this 1930s gem is a stellar example of the Deco style. Subtle curves, clean lines and white-painted brickwork lend a timeless quality to the five-bedroom home, which retains many of its original fixtures and fittings.

living room inside 7 Edzell Avenue Toorak, Victoria, Australia

The two-story house, which dates to the 1930s, has been tastefully updated but still retains many original fixtures and fittings. (Private Property Global)

Features: Entered through lacy iron gates, the updated and enhanced floor plan features a principal living area on the main floor consisting of various living and entertaining rooms. Additional living and entertaining spaces lie on the second floor and include a subdued bar room that flows into a large communal space. A total of five bedrooms includes a primary suite on the main floor.

private dock and boatshed 7 Edzell Avenue Toorak, Victoria, Australia

The property features a private dock, boatshed and direct access to the Yarra River. (Private Property Global)

Other perks: With a private jetty, a pontoon and a boatshed, the Edzell Avenue home is in prime position for enjoying the delights of the Yarra River. The property also features a large grass field and upper balconies that take in the river.

Represented by: Ken Jacobs, Private Property Global

Author

Neal is the Chief Content Officer at Forbes Global Properties. A content strategist with more than a decade of experience in the sports, entertainment and real estate spaces he previously launched a sports real estate column and chronicled L.A.’s biggest home sales for the Los Angeles Times' award-winning “Hot Property” section.

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