Maroubra

Sydney’s popular eastern suburbs beachside spot Maroubra is set to welcome a rare new apartment development on its beachfront strip.&nbsp; 
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Leading personal injury lawyer Gerard Malouf and his wife Dana has lodged plans for a boutique development at 116-118 Marine Parade.

MHNDU has designed the four-level building which will home just 10 apartments.

The residences will sit atop a stone clad basement level, which has been designed to appear as a landscaped podium.&nbsp;

The project will deliver a mix of apartment types; two one-bedroom, two two-bedroom, and six three-bedroom apartments, with three apartments to be dedicated to affordable housing.&nbsp;

The site is located in an area that is currently underdeveloped, but is zoned for higher density residential buildings in the future, with the desired future character of Marine Parade evident in the more recently constructed buildings further to the south of the site.&nbsp;

The combination of contemporary materials, colour palette and landscaping will provide a well-designed and high quality finish to the public domain and surrounding development, setting a precedent for contemporary development in the area.

The ground floor level will comprise two three-bedroom residences, each containing an open plan living, dining and kitchen area, a powder room, a laundry, three ensuites, a walk-in-robe and outdoor private open space wrapping around the apartment.

The first floor will include two one-bedroom units, again with an open-plan design, a bathroom, a laundry and private open space. The floor also has two two-bedroom apartments, each with a bathroom, a laundry, an ensuite and a walk-in-robe.

On the second floor, two three-bedroom ensuited apartments will be included, each with a powder room, a laundry and a walk-in-robe, with the third floor set to home the additional two three-bedroom apartments, each with ensuites, powder room, a laundry and a walk-in-robe.&nbsp;

All of the apartments will adjoin to private open spaces, in the form of balconies or courtyards, and while no communal open space has been proposed, the site benefits from its location near to Maroubra Beach, and a reserve directly across the road, which provides additional public recreation space.&nbsp;

The development will also include a total of 483 sqm of landscaped greenery at the front, rear and sides of the site, with the designs handled by Wyer &amp; Co. Landscape Design.&nbsp;

alisonwarters@gmail.com

Maroubra set for rare new luxury apartment development

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Online takeaway service Menulog co-founder Dan Katz and his wife Nicole sold their Maroubra home pre-auction as they plan their upgrade to a $20 million Vaucluse home.
Set on 550 square metres on The Corso, most of the Maroubra buyer interest came from up-sizers from Bondi and Bronte. The three level home, with ocean glimpses, came with basement level car parking.
The five-bedroom home with pool last traded in 2008 for $2.57 million, with Jason Black, of Black Lifestyle Property, expecting the offering this time to attract interest around $3.6 million to $3.7 million.
The Katz family are off to the Vaucluse harbourfront home of finance entrepreneur Clive Isenberg and his wife, Jennifer which sold earlier this year through LJ Hooker Double Bay agent Bill Malouf.
The three-storey trophy home sits on the Parsley Bay battleaxe block bought in 2002 for $9 million from retired businessman Ed Harris.
It was last May when UK-based takeaway food delivery platform Just Eat bought out rival Menulog for $855 million when Menulog had 5500 restaurants and 1.4 million active customers.
It was a windfall opportunity for Katz and his Menulog co-founder Leon Kamenev and the other shareholders, including Catch Group’s Gabby and Hezi Leibovich, along with EatNow founder Matt Dyer who merged his startup with Menulog in February last year.
Katz and Kamenev were behind the successful accommodation website HotelClub, which was sold to the US company Cendant in 2000. 
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Menulog co-founder Dan Katz upgrades to Vaucluse

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Sydney Swans veteran defender Heath Grundy and wife Elise Hill are selling their Maroubra home.
The couple, who had their second child in February, are set to upgrade for more space.
Their newest arrival, Jameson, attended his first Swans game last month, and slept the whole time.
The home offering is completely unrecognisable since the 31 year old defender paid $860,000 in 2011.
Grundy, who made his debut at the Swans in 2006, has transformed the original 1930s brick home.
The now contemporary home with a white-washed exterior has two bedrooms, a marble kitchen and a separate living space with polished floorboards.
The bare rear yard now features a decked wrap around alfresco area with kitchenette, overlooking the small lawn.
Grundy is looking to double his money at its May 26 auction through NG Farah Coogee agents Cameron Airlie and Mark Feerick, who have a $1.6 million price guidance.
Grundy has owned the adjoining home, which has been a $900 a week investment since he paid $1.26 million in 2014.
Grundy and Hill, who wed in 2013 at St Franics Xavier church in Lavender Bay, had their first child, Reg in 2015.
“He was going to get called Reg anyway,” Grundy previously told The Sunday Telegraph.
Grundy didn’t miss a game in 2017 and made 20-plus appearances for the ninth consecutive season.
The 2005 rookie draft selection is just a handful of games short of the 250 milestone.
Fellow South Australian Michael O’Loughlin mentored Grundy in his early years at the Swans.
This article first appeared in The Sunday Telegraph. 
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Veteran Swan Heath Grundy lists Maroubra home

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Sydney Swan rookie Jordan Foote hasn't strayed far from his hometown when buying his first apartment.
The 22 year old midfielder snapped up a two bedroom unit in Maroubra for $877,500 after it spent just 15 days on the market.
It looks like a savvy purchase by Foote, after it had a guide of $895,000.
Foote's 68 sqm apartment features a granite kitchen with breakfast bar and a bathroom with walk-in rain water shower.
He secured a $650 a week tenant, reflecting a near four percent rental yield.
McGrath Edgecliff agents Eitan Rubinstein and Melissa McCormack sold the apartment.
The Maroubra local, who grew up playing AFL for the Maroubra Saints, was drafted by the Swans in the 2015 rookie draft.
Another two other apartments in the 1970s boutique block of nine have sold this year for $905,000 and $910,000.
Foote was drafted by the Swans in the 2015 rookie draft, making his debut the following year.
He hasn’t played a game for the Swans in 2018, battling a toe injury and has played six games in the NEAFL. 
Foote joins the likes of fellow Swans Isaac Heeney and Heath Grundy who call the suburb home.
Luke Parker has recently sold his investment townhouse in Maroubra, the first property he bought when he was xxxx in 2013.
It was the year he stepped up from the subs bench to become a regular starter.
He paid $915,000 for the townhouse in 2013 and just finished a renovation before he listed through Belle Property Randwick agents Brooke Marshall and Lucas McKay.
This article was first published in the Saturday Telegraph. 
 
 
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Sydney Swan rookie rentvestor Jordan Foote buys in Marouba

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New Channel 9 Today sports presenter Alex Cullen is offloading his Maroubra investment unit.
Cullen, who spent nearly a decade as a senior correspondent on Channel 7’s flagship Sunday Night, called the two-bedroom apartment home when it was purchased in 2013.
But he and his producer wife Bonnie Campbell, with twins in tow, have been ­renting as they look to buy together.
The couple, who wed in 2017, welcomed daughters Audrie and Evie just over a year ago.
Recently Campbell revealed their struggle in buying a property on her Instagram account.
“Yes everyone, we’ve done it! We’ve scrimped and saved and forfeited enough smashed avocado to buy our very first house in Sydney,” Campbell captioned with a photo ­facetiously showing Alex and the twins in a children’s playground cubby house.
Cullen paid $602,500 seven years ago for the Maroubra apartment when he moved from Coogee.
One street back from Maroubra Beach, the second-level apartment is on the northeastern corner of a 1970s block.
Ellison Zulian Property agent Josh Ellison gave a $900,000 guide to the 16 buyer groups at yesterday’s first open.
The median two-bedroom Maroubra apartment price sits at $832,500, according to realestate.com.au.
It reports, based on five years of sales, Maroubra has seen an annual compound growth rate of 3 per cent.
Cullen grew up on a cattle farm in northern NSW, completed a journalism degree at Charles Sturt University and got his first big break in 2003 when he was hired at Prime News in Wagga Wagga
This article first appeared in The Sunday Telegraph.
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Today Show sports presenter Alex Cullen lists Maroubra apartment

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Despite the new real estate marketing challenges, Channel 9 Today sports presenter Alex Cullen has secured the sale of his 1970s Maroubra investment unit.
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It fetched a healthy $950,000.
There were two weeks of open for inspections, but its intending owner-occupier buyer emerged during its third week of marketing when only inspections by appointment were permissible.
The daughter of the buyer physically inspected the Hereward St apartment with Ellison Julian Property agent Josh Ellison. They provided FaceTime viewing to the mother, who was in isolation having returned recently from overseas.
Ellison had been quoting a $900,000 guide. Cullen paid $602,500 for the two-bedroom apartment back in 2013.
Now with one-year-old twins, he and his producer wife Bonnie Campbell are looking to buy something that will fit the family.
This article was first published in the Sunday Telegraph. 
 
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Today Show sports presenter Alex Cullen sells Maroubra apartment

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Test cricketer David Warner and wife Candice Falzon have sold one of their many Maroubra ­investment apartments.
The bullish off-market sale secured around $1.25 million for the two-bedroom unit.
Their $1.023 million acquisition in 2017 saw it become a $700-a-week rental, reflecting a 3.5 per cent yield for the top floor 94sqm apartment.
So pleased with the “seamless sale” Warner did a social media video yesterday praising the ­estate agent Josh Ellison of Ellison Zulian ­Property. It was a record price in the Hereward Street block of eight.
No doubt the funds will go towards their dream home which is taking shape at Lurline Bay, with interiors by Alexandra Kidd.
The couple bought their 900sqm oceanfront building block — set to be their forever home — in late 2015 for $3.9 million.
Warner’s first home purchase, ­another two-bedroom Maroubra apartment, came in 2009 costing $562,000. It was sold in 2014 at $650,000 by the duo who retain an expansive property portfolio.
“You can’t go wrong on bricks and mortar,” the former Matraville Public School student once told The Daily Telegraph.
This article first appeared in The Sunday Telegraph.
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Cricketer David Warner sells Maroubra investment

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Jockey Nash Rawiller and his wife Sarah, who are now Hong Kong based, have their empty Maroubra home listed for December 1 auction through Ray White Double Bay agent James Keenan.
There are <a href="https://www.raywhite.com/nsw/maroubra/1386948/" target="_blank">$4 million </a>expectations.
Rawiller, who won three Sydney riding premierships after he made the move from Melbourne in 2007, bought on Marine Parade for $3.07 million in late 2012 from media scion Bryant Stokes who had paid $4 million in 2006.
The racing couple had sold in Kensington for $1.96 million.
The four bedroom, three bathroom, three level north-facing house opposite the coastal walk had been recently available for rent at $1900 a week. 
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Hong Kong jockey Nash Rawiller lists redundant Maboubra home

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Catholic Healthcare has paid $28.5 million for the Maroubra Beach RSL bowling club site.
It was sold by the Maroubra RSL sub-branch after the lease of the current tenant expired.
Maroubra sub-branch president Colin Flatters said there were 40 offers and 250 inquiries for the 10,850 square metre site from residential developers, education businesses and aged care providers.
But JLL told Fairfax Media given the site was not zoned for apartment development, it ultimately fell to an aged care organisation.
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Catholic Healthcare buys Maroubra RSL bowls site

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The Surfing New South Wales chair John O'Neill and publisher Susan Boreham are selling their Maroubra home.
<a href="https://www.realestate.com.au/property-house-nsw-maroubra-124085814" target="_blank">The five bedroom home</a> was rebuilt in 2012 in to a mid-century modern influence.
O'Neil, who heads the digital strategy agency Komosion, has listed it through Di Jones agent Susannah Anderson.
A nearby 11 Hampson Ave, Maroubra sale last Saturday for $4.35 million where there were six registered bidders suggest strong purchasing in interest was likely at its December 10 auction. 
John knows how to get a good crowd as he was involved in the ticketing success of the Sydney 2000 Olympic and Paralympic Games, then became managing director of Tourism NSW 
Susan publishes Luxury Travel and Australian Art Collector magazines.
They are now looking to something smaller.
This article first appeared in The Sunday Telegraph.
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