St Ives

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RECENTLY retired Socceroos captain Mile Jedinak is selling his long-held Sydney investment apartment on the upper north shore.
The St Ives unit almost book-ended his Socceroos career as he bought the apartment from the ­developer in 2009, shortly after making his international debut.
He captained the Socceroos in the 2014 and 2018 World Cups, representing Australia 79 times.
Jedinak, who is now based in the English Midlands with wife Natalie and their three boys, paid $570,000 for the unit.
He currently plays for championship club Aston Villa.
The St Ives offering, set in the Meriton-built Loralea Gardens complex, has two bedrooms and two bathrooms. There is 90sqm of ­internal space.
It has a north-facing lush tree-lined outlook from its 13sqm balcony that runs the full width of the Memorial Ave unit.
The complex with landscaped gardens features a fitness centre with lap pool, spa and sauna. Meriton Group project sales manager Jason Miao has the listing with $850,000 to $900,000 price guidance. It is currently tenanted at $650 a week.
<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/2018/10/15/jedinak2.jpg" alt="">
St Ives apartments have soared 47 per cent in price in the past five years, according to CoreLogic, with 8 per cent annual compound growth. The median price for two-bedroom units is $895,000, with a 3.7 per cent rental yield.
Jedinak began his career at Sydney United, with his performances earning him a trial, leading to a contract, with the Central Coast Mariners. The apartment was secured just after Jedinak left the Mariners to join Turkish club Gençlerbirligi.
Two years later the Camperdown-born midfielder moved to the English Premier League where he spent five seasons at London club Crystal Palace.
He made his debut for the Socceroos in 2008 and captained the Socceroo's in the 2014 and 2018 World Cup finals. 
He became a fan favourite at Crystal Palace when he scored a late winner in the final game of the season to secure a playoff place.
He captained the side to a playoff final win, taking them to the Premier League, and winning the player of the year in the process.
This article was first published in the Sunday Telegraph. 
 
 
 
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Retired Socceroo captain Mile Jedinak lists St Ives investment

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A large family home in St Ives Chase, on Sydney’s North Shore, has sold to a local family for $1,880,000.
101 Warrimoo Avenue is a four bedroom (two bathroom) single level house, situated on a 930 square meter block.
It also has a substantial turfed backyard.
<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/2020/5/20/st%20ives%20trophy%202.jpg" alt="">
Built in 1987, the home previously sold in 1999 for $533,000.
“There is pent up demand for quality property in Sydney’s North Shore and this sale was an example of how a carefully positioned marketing campaign and quality database can attract strong competition,” said the Director of Residential at Savills Australia, said Chris Orr.
“With 62 inspections over a six day period and a result 12% higher than the client’s expectations, it certainly feels like we’re at the start of another bull market.”
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St Ives Chase trophy home sells 10% over expectation

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A St Ives trophy home has been sold for $3.1 million.
The family home at 26 Richard Road St Ives sold last Friday.
The five-bedroom home is located on the 950 square metre corner block of Richard Road and Byron Avenue. 
The home features a luxurious two-storey high glass wall overlooking the pool area. 
The property was sold by Raymond Lin at Savills Cordeau Marshall Lindfield. 
The median house price in St Ives is $1.7 million according to <a href="https://www.urban.com.au/property-observer" target="_blank">CoreLogic RP Data</a>.
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St Ives trophy home sold at $3.1 million

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A modernist Russell Jack-designed four-bedroom house at St Ives has been sold for the first time.
The <a href="https://www.realestate.com.au/property-house-nsw-st+ives-122145106" target="_blank">107 Hunter Ave</a> offering sold before auction for $1,452,000 through James Levy at Savills Cordeau Marshall, St Ives.
It was snapped up with two weeks.
It all all the original fittings from 1967 being a deceased estate of the Waterhouse family.
It was the first sale of the house which has architectural significance. The buyers' guidance was $1.25 million.
Russell Jack, a well-known modernist architect, designed the home with flat roof.
Russell Jack studied architecture and town planning in the late 1940s after returning from service in the Royal Australian Air Force.
Like many young Australian architects in the 1950s, Jack travelled around the UK and Europe looking at buildings.
After returning to Sydney in 1954, he set up practice with John Allen, and Keith Cottier joined them the following year. The firm became Allen Jack + Cottier in 1965.
The Jack House, designed by Russell and his wife, Pamela as their won family home, won the Sulman Award in 1956. 
His adaptation of modernist principles, which became known as the Sydney School, saw his often take advantage of bush settings.
This article was first published in the Sunday Telegraph.
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Russell Jack St Ives, Sydney trophy sold

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Popularity for residential properties in St Ives has increased, according to Savills latest report.
“The predominantly residential suburbs of St Ives and St Ives Chase are situated on the Upper North Shore of Sydney, approximately 18km from the Sydney CBD.
“St Ives has recently experienced an increase in popularity and is now considered a suburb of choice, whereas it was once viewed as a more affordable alternative to the neighbouring suburbs of Pymble and Gordon.
“Amongst other attributes, shopping centre and parks, as well as access to city and bus services mean residential property in the St Ives area is in high demand.
“Given the suburb developed later than neighbouring suburbs, the primary architecture style is modern homes on larger than average blocks of land as opposed to period homes.
“These large homes are attractive to growing families, particularly given the lack of preservation restrictions, which are found in neighbouring, older suburbs.
“As well as the housing stock, in the past ten years there has been a large growth in the development of apartment blocks, particularly around the shopping centre.
“This is part of the government mandate for more medium density housing throughout Sydney,” the report stated.
Savills says that property prices in St Ives and St Ives Chase has significantly increased in the past decade.
“Property values in St Ives and St Ives Chase have experienced significant growth over the past decade with house prices increasing by 95 percent and 110 percent respectively, in line with the Sydney average.
“Over the past year, price growth has remained in double digits while a slowdown was recorded across other parts of Sydney, reflecting a lack of supply in the area.
“Apartment prices in St Ives recorded a more subdued rise over the longer term, increasing by 45 percent over the past ten years.
“However, much like houses, growth over the past year has outperformed the Sydney average with a rise of 9 percent.
“The average sale price for a house in St Ives and St Ives Chase in December 2016, was $1,905,000 and $1,756,000 respectively.
“This is significantly higher than the Greater Sydney average of just over $1,000,000 but offers a discount compared to the neighbouring suburbs of Gordon and Pymble where the medium house price is $2,445,000 and $2,302,000 respectively.
“However, this gap in prices is beginning to narrow as the popularity of St Ives increases,” the report advised.
The current median price of houses in St Ives and St Ives Chase in 2017 according to CoreLogic is $1,985,000 and $1,840,000 respectively.
A five bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-st+ives-125275902" target="_blank">10 Kitchener Street</a>, St Ives (above) has been listed with a price guide of $1.95 million.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-st+ives-123591890" target="_blank">39 Douglas Street</a>, St Ives (below) has been listed for $1.895 million.
<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/2017/05/31/39%20Douglas%20Street.jpg" alt="">
The median rent in St Ives is higher than Sydney averages according to Savills.
“While the private rented sector in St Ives is much smaller than other areas across Sydney, it is growing.
“At $1,200 per week for a house and $710 per week for a unit, the median rent in St Ives is higher than the Sydney averages of $650 and $560 per week.
“However, rental values vary significantly depending on property type and size,” the report commented.
Downsizers play a key part in St Ives’ housing market Savills says.
“Downsizers play a key part in the housing market in St Ives as the majority have paid off the mortgage on their larger, family homes, giving them significant buying power on their next, smaller property.
“Across the suburb, just over a quarter of the population are aged over 60 compared to 18 percent across Greater Sydney.
“International buyers are an important source of demand for the housing market across Sydney as both owner occupiers and investors.
“In St Ives, there has traditionally been a large South African population.
“This is still the case with 12 percent of the population born there compared to just 0.8 percent across Greater Sydney.
“There is also a growing Asian population in the area.
“The most recent census data from 2011 recorded 9 percent of residents describing their ancestry as Chinese, slightly over the Sydney average.
“This is likely to have increased over the past six years, as Chinese buyers look further afield.
“Accessibility to employment locations is high priority for many house hunters.
“Residents in St Ives work in a number of locations, reflecting the suburb’s connectivity to both the centre of Sydney and other key employment locations.
“The largest employment industry for people living in St Ives is the Professional, Scientific and Tech sector accounting for 18 percent of employees compared to an average of 10 percent across Sydney.
“This industry is the fastest growing in Sydney meaning St Ives is well placed to draw on the newly created wealth in these industries,” Sophie Chick, Head of Savills Residential Research stated.
Savills says that low interest rates, population growth and investments are some of the factors that will determine the outlook for St Ives.
“It is important to assess the outlook for the St Ives area in the context of the Sydney market.
“Factors such as low interest rates, population growth and infrastructure investment point to a positive economic outlook for NSW over the next five years.
“These factors are expected to continue to support demand for housing, particularly in Sydney.
“However, we do expect the rate of house price growth to slow, given the affordability pressures and the regulatory measures implemented to slow the amount of bank lending to investors.
“The St Ives area continues to offer good value in comparison to neighbouring suburbs as well as having high quality housing stock, an abundance of open space and good schools.
“We expect these factors to continue to appeal to buyers, particularly families,” the report commented.
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St Ives residential market continues to grow in popularity: Savills

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On Sydney's upper north shore a St Ives offering has been sold off market by a billionaire who hails from the petrochemical industry in China.
The 5729 sqm Douglas Street property sold a year ago at $9.9 million with an older style single-level double-brick home, guest house, a pool and a tennis court.
But Paul Diks and Daniel Jin at Richardson &amp; Wrench had it re-listed.
They secured $11.2 million.
It seems it might now become a site for five houses.
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St Ives sale secures record $11.2 million

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Retired Socceroo captain Mile Jedinak has sold his St Ives investment apartment for $820,000.
The 34 year old Camperdown-born midfielder, who is currently playing for Aston Villa in England, paid $570,000 for the apartment in 2009, just after he left the Central Coast Mariners for Europe.
The 90 square metre, two bedroom apartment in the Meriton-built Loralea Gardens complex, has been a rental during his decade long ownership while he played overseas.
The sale was through Meriton Group project sales manager Jason Miao WHO secured the sale, having initially offered a guide of $850,000 to $900,000, before revising the guide to $800,000 to $850,000.
Jedinak is rumoured to be returning to the A-League next season, with one of the expansion teams believed to have tabled an offer.
This article was first published in the Saturday Daily Telegraph. 
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Retired Socceroo captain Mile Jedinak sells St Ives apartment

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One of the 10 mid-century homes in the 1966 Pettit + Sevitt display village at St Ives has found its latest owner.
The five-bedroom $1.8 million home on Staddon Close had been substantially altered by its past five owners.
But its neighbour, known as the Courtyard House, goes to an August 17 auction.
With just two owners ever, it retains its original internal floorplan with a sympathetic fourth bedroom extension made in the 1980s.
The home was part of 2014’s Sydney Living Museums Australian Houses Tour, at which time its architect Ken Woolley took visitors through the home. Woolley has since died.
It’s been listed through Savills agent James Yahl by Eleanor and Phil Johnson who hold $1.54 million hopes.
This article was first published in the Sunday Telegraph.
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Rare 1960s Pettit + Sevitt display village home in St Ives sells

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One of the 10 homes in the 1966 Pettit + Sevitt display village at St Ives has hit the market.
Known as the Courtyard House since it was designed by the late architect Ken Woolley, the home featured as part of Sydney Living Museums Australian houses tours in 2014.
It will be the third time the Staddon Close home has been offered to market.
“We have lovingly preserved this architectural gem, and hope to find a buyer who will love it has much as we have,” vendor Eleanor Johnson said.
The house retains its original internal floorplan with a sympathetic fourth bedroom extension in the 1980s.
Its Savills listing agent James Yahl said Mid-Century modernist architecture is what buyers are looking for with open-living spaces and a connection to the outdoors.
There had been an earlier display village in St Ives on Mona Vale Road and Richmond Avenue.
Pettit + Sevitt have new designs about to be released reflecting their classic designs.
This article was first published in the Sunday Telegraph.
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Rare 1960s Pettit + Sevitt display village home for sale in St Ives

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One of the 10 homes in the 1966 Pettit + Sevitt display village at St Ives has been sold.
Known as the Courtyard House since it was designed by the late architect Ken Woolley, the home featured as part of Sydney Living Museums Australian houses tours in 2014.
It was only the third time the Staddon Close home had been offered to market.
No price reveal has been offered, but $1.5 million was being sought.
“We have lovingly preserved this architectural gem, and hope to find a buyer who will love it has much as we have,” vendor Eleanor Johnson said.
The house retains its original internal floorplan with a sympathetic fourth bedroom extension in the 1980s.
Its Savills listing agent James Yahl said Mid-Century modernist architecture is what buyers are looking for with open-living spaces and a connection to the outdoors.
There had been an earlier display village in St Ives on Mona Vale Road and Richmond Avenue.
Pettit + Sevitt have new designs about to be released reflecting their classic designs.
 
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