Golf Course

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Chinese interests are buying the Mornington Peninsula’s Eagle Ridge Golf Club.
The reputed price is about $9 million with website marketing saying it was under offer.
The 18-hole championship course and clubhouse at <a href="/expert-insights/investing/43749-eagle-ridge-golf-course-borneo-listed-for-sale" target="_blank">215 Browns Road, Boneo</a> sits on 45 hectares.
The Eagle Ridge Golf Course, at 215 Browns Road, Boneo at the entrance to the Mornington Peninsula about one hour from Melbourne. 
Eagle Ridge Golf Course began as the smaller Carlogie Golf Course until March 1988 when an additional parcel of land was purchased, earthworks commenced and a new Kevin Hartley designed championship course was opened in 1989.
Kevin Hartley was the Australian amateur golf champion of 1958 and runner up to Bruce Devlin in the 1959 Australian Amateur.
He captained the Victorian state team thirteen times, was the leading amateur at three Australian Opens and represented Australia many times, including winning the 1966 Eisenhower Cup team in Mexico.
Hartley based his design vision on Eagle Ridge becoming “the Royal Melbourne of the Mornington Peninsula”.
The ownership of Eagle Ridge transferred to the Russo family in 1995 and, in 1999 Pacific Coast Design was commissioned to design a master plan for course improvements and the new clubhouse opened in 2000. The late Nick Russo was passionate about the business ensuring construction of the functions venue.
Under the management of the golf course superintendent Scott Balloch, the course master plan was completed about 10 years ago.
In 2007 Eagle Ridge closed for a summer to change all fairways to Santa-Ana couch – a more drought tolerant grass with a 45% reduction in water consumption since re-opening.
The course competes for players with the nearby Moonah Links, The Dunes and St Andrews, Fairfax Media advised.
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Eagle Ridge, Boneo golf course under offer to Chinese buyers

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Mirvac has brought forward the release of new golf side land at its Gainsborough Greens community in Pimpama, as demand for home sites in the northern Gold Coast corridor continues to be strong.
The developer has released additional premium golf side home sites in the community's Forrest Green precinct, located alongside the Gainsborough Greens Golf Course and a large park and playground area.
The home sites are priced from $260,000.
Buyers will have access to a resident-only recreation hub with resort-style swimming pool, barbecue area and tennis court.
The new land release complements the latest stage of traditional home sites surrounding the Eco Gully, which is now 80 per cent sold.
Mirvac's development director of masterplanned communities Queensland, Russell Berlee, said the demand for home sites in Gainsborough Greens came from first and second home buyers.
"Purchasers are also recognising the rapid growth underway in the surrounding area, particularly major infrastructure projects like the new Pimpama State Primary College and highway upgrades, along with commercial development that is adding to the community's convenience.
Mr Berlee said Mirvac had introduced a $5,000 low deposit offer, with first home buyers benefiting from the additional $15,000 great start grant from the Government.
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New golf land released at Gainsborough Greens‏

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The residential property developer and builder, Sekisui House has formally signed an exclusive deal with international golf champion and entrepreneur, Greg Norman, to design and build a premium golf course at its award-winning masterplanned estate, The Hermitage in Gledswood Hills.
The 9-hole, Par 3 course will be the only golf course in Sydney to be designed and constructed by the Norman group.
The new golf course is a collaboration between Sekisui House, Greg Norman Golf Course Design and club operator, Wests Campbelltown, to design and construct a brand new 9-hole course and driving range within the 300 hectare estate in Sydney’s south-west.
Greg Norman executed the agreement with Sekisui House Limited Executive Vice President, Sumio Wada, Sekisui House managing director, Toru Abe.
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Greg Norman golf course design teeing off soon at The Hermitage, Gledswood Hills

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Construction company Sekisui House announced that it has received development approval at their $750 million ‘The Hermitage’ in Sydney's Gledswood Hills for a nine-hole Par 3 golf course and driving range, the first of its kind in Australia to be created by golf legend Greg Norman.
The $11 million golf course to Sydney’s south-west is a collaboration between Sekisui House, Greg Norman Golf Course Design and club operator, Wests Campbelltown. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2016/04/8/700_golf.jpg" alt="" width="563" height="296">
Stretching over 1,365 metres, with an average distance of 152 metres for each hole, the golf course will also include a commercial driving range and practice facilities. 
Construction is expected to start in mid-2016, with a public opening earmarked for early 2018.
Greg Norman Golf Course Design was established in 1987 and is considered a leading signature golf course design firm. It has opened more than 90 courses globally.
“The Hermitage estate is the idyllic location to showcase my unique and wholly sustainable golf course designs while providing award-winning facilities for the residents and the local community. I have a deep-rooted passion for continuing to develop and support the game of golf in Australia,” Norman said in a statement.
Since its launch of The Hermitage in 2012, Sekisui House has sold more than 870 lots.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2016/04/8/700_norman.jpg" alt="" width="581" height="353">
The Hermitage will feature 35 hectares of open green space and established trees (the equivalent of nearly 80 football pitches), 10 distinct park locations, two golf courses including an 18 and 9 hole golf course set over 120 hectares, a new public primary school accommodating up to 1,000 pupils and the future ‘Gledswood Village’ that will include amenities including groceries, cafes, health care, a country club and restaurants.
The Hermitage is about 55 km from Sydney’s CBD and 35 km from Parramatta. It will have a projected population of over 6,000 people living within 2,000 homes and completion is expected in 2022.
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Sekisui House gets nod for Australia's first Greg Norman nine-hole course

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A lowkey establishment Darling family member have secured Linx, one of Cape Schanck's most prestigious properties, for a record $5.3 million record.
The coastal home's large outdoor terraces offer views across the bay back to the Melbourne skyline from the grounds of The National Golf Club.  The expansive home of 100 squares was designed by the architect West Valentine. The five bedroom property on the 4709 sqm holding is amid four world-class championship golf courses.
There's a commercial indoor barbecue area, a sound proof cinematic theatre with eight recliners along with a 1000 bottle wine cellar accessed through 17th century French doors.
The home was sold by Rob Curtain and Patrick Sinn at Sotheby's International Realty.
This article was first published in the Weekend Australian Mansion Australia property section.
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Linx, Cape Schanck sold for record price

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Noosa's popular golf course, the Noosa par 3 has been <a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-noosaville-123075954" target="_blank">listed for sale</a> at $7 million plus. 
The 30 hectare have been listed by Chris Allen of Hang Loosa Property Noosa.
The picturesque 36 hole golf course comes with dams and seasonal creeks.
"Beginning with a dream in the 1980's, the original and current owner established and opened the initial 18 holes to the public in 1990," Chris Allen advised.
Holes 19-27 were completed and opened in 1995, with the addition of a further 9 holes in 2015.
"The iconic course offers countless opportunities to further develop," the marketing said.
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Noosa par 3 golf course listed for sale

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The Hillary Clinton campaign released a three-and-a-half minute video of a small businessman, Andrew Tesoro, who tells how Donald Trump cheated his five-person architecture firm out of thousands of dollars back in 2006.
It was when the practice designed the clubhouse at the Trump National Golf Club in the Westchester County town of Briarcliff Manor, NY.
<a href="https://www.youtube.com/watch?v=OmfSWPmw86k" target="_blank">Manhattan-based architect Andrew Tesoro</a> said throughout the design process, Trump asked for multiple redesigns. 
Tesoro provided $140,000 worth of extra work and Trump shared that he loved the design. Trump’s representatives then told Tesoro they would only pay him $50,000, later decreasing  the amount even further to $25,000. Trump responded through his lawyers: Accept pennies on the dollar or I’ll tie you up in court for years.
The video intersperses Tesoro’s narrative with footage of the candidate at a campaign rally saying, “I’ve built an extraordinary business on relationships and deals that benefit all parties involved.”
The video had more than 7 million views on Facebook. Tesoro, 64, doesn’t hate Trump.
He told Forbes magazine although he resented that Trump shorted him a huge amount of money, "his organization does that to everybody.
"At the time I could see that the carpenters, the tile guy, the landscape consultant, the mechanical engineering consultant, other vendors and tradespeople were all subjected to an after-the-fact renegotiation challenge.
"I didn’t take it personally. 
"And I believed Donald Trump when he showered me with compliments. 
"Maybe that was his way of manipulating me into accepting less money. 
"He was also nice and decent to me on an individual basis."
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Trump golf course clubhouse architect on Trump negotiating tactics

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The Fairway Residences development on Sydney's Strathfield Golf Course is 75 percent sold out, with town homes slated for completion late 2017.
The development, 88 Centenary Drive, Strathfield, features 50three and four bedroom town homes priced from $1.6 million.
Phil Leahy from Metro property Development said a lot of uptake in the three bedroom plus study designs has been from families and young professional couples. 
“There’s also the added bonus of being within close reach of transport links, shopping centres, parks and schools,” he said.
Metro has sold 37 homes, with 13 homes still on the market.
The remaining homes are priced from $1,650,000 to $2,099,000.
The sales office has been relocated to 1 Cave Road, Strathfield, and is open from 1pm to 5pm Wednesday, Saturday and Sunday. For more visit <a href="https://www.fairwayresidences.com.au/" target="_blank">www.fairwayresidences.com.au</a>.
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Fairway Residences in Sydney's Strathfield 75 percent sold

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Geoffrey Stackhouse and his wife Helen have listed their Roseville home, a recently renovated 1968 house designed by Smith and Thompson Architects.
It is one of only six houses with Roseville Golf Club course frontage and one of three with direct private access to the course.
Nicole Robertson of Bresic Whitney, describes it as a classic mid-century home with extensive renovations doing its history justice.
Blackbutt timber decking and landscaped gardens with built-in seating wrap around the property overlooking the surrounding bushland which were much admired by Geoffrey's mother, Shirley Stackhouse, the veteran gardening writer.
The sprawling home features a split-level design with expansive windows throughout made of natural materials such as wood with sandstone. 
There's a drawing room, soundproofed teenagers retreat, gym and a saltwater swimming pool.
A cave-style wine cellar was built by the current owners and features sandstone slabs and 500 bottle storage.
The sale comes with approval to combine a further two rooms into another master suite.
The June 3 comes with a $3.1 million price guide. It sits on an 860 sqm parcel, originally part of a subdivision of Roseville Golf Club. 
This article first appeared in the Sunday Telegraph.
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Geoffrey Stackhouse lists renovated 1968 Roseville trophy home

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A substantial site in Wollongong for which Visionary Investment Group planned a Greg Norman-designed 18-hole golf course and housing has been rejected by the local council.
The matter is now on appeal before the Land and Environment Court.
VIG had sought to create create 105 residential lots on the site to form an integrated resort on the 187-hectare site on Avondale Road in Avondale sub-division, The Australian Financial Review reported.
However, the Wollongong City Council rejected it because of "environmental impact, traffic and planning concerns”.
VIG declined to comment in detail due to court action but said it was "fully committed to long-term investment in the Illawarra region".
"Our integrated resort development would not only showcase the best that the region has to offer but more importantly bring employment and long-term sustainable economic growth to the region, especially in tourism, hospitality, retirement and other services sectors," VIG chief executive Michael Guo was quoted by the AFR as saying.
"We will continue working with the community, council and all stakeholders to make our integrated resort development the true pride of Illawarra."
VIG had worked on Avondale for several years, reflecting a trend for developers turning towards masterplanned communities and house and land development, as the apartment prices cool in Sydney.
Wollongong is also popular because of its access to a university and growing economy.
In fact, a BIS Shrapnel report found sometime back that <a href="https://www.urban.com.au/news/43786-newcastle-wollongong-soaking-up-sydney-market-stragglers-bis-shrapnel-2018" target="_blank">Wollongong was beating Newcastle</a> in attracting potential property buyers priced out of the Sydney market, with Wollongong's vacancy rates falling and the median house price rising by 14% in 2014/2015 according to The BIS Shrapnel Residential Property Prospects 2015 to 2018 report.
 Last year, Visionary Investment Group had also announced the arrival of <a href="https://www.urban.com.au/expert-insights/investing/55511-visionary-bring-silkari-to-australian-hotel-market" target="_blank">hotel and residential brand </a><a href="https://www.urban.com.au/expert-insights/investing/55511-visionary-bring-silkari-to-australian-hotel-market" target="_blank">Silkari</a> with the launch of three properties.
 
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