On The Market: This Paul Bangay-Designed Peninsula Estate Is Jaw-Dropping
โ€” 8 April 2026

On The Market: This Paul Bangay-Designed Peninsula Estate Is Jaw-Dropping

โ€” 8 April 2026
Nick Kenyon
WORDS BY
Nick Kenyon

The property market is something Aussies spend more time thinking about than theyโ€™d like to admit to, but everyone knows not all homes are created equal. Here atย On The Market, we scour countless property listings to share the best of the best, from palatially proportioned waterfront palaces to meticulously designed studio apartments.


There aren’t many homeowners who know what to do with all the extra space that the Mornington Peninsula offers, but the previous custodians of 515 Grasslands Road knew exactly what they wanted to do with their 46.5 acres. From the working olive grove to the boutique vineyard, it’s a property that’s brimming with life before you even arrive at the characterful main residence.

The single-storey home takes its cues from an Italian villa compound, filtered through an industrial lens, with arched steel-framed windows, parquetry floors, and soaring ceilings designed to showcase art. Seven bedrooms accommodate a multigenerational family in genuine comfort, while the heated pool, fire pit, terrace, and self-contained guest cottage handle the rest.

Wrapped in a bow with the award-winning 515 olive oil (mostly sold to high-end hospitality), and you’ve got a truly rare opportunity.

Address: 515 Grasslands Road, Boneo VIC 3939
Bedrooms: 7
Bathrooms: 4
Car spaces: 22
Price Guide: $8,800,000 to $9,200,000


on the market

Alec Tzannes doesn’t do ordinary, and this Woollahra home is all the proof you should need. Named “The Garden House,” it’s a dual-wing residence built around the idea that a home should feel as alive outside as it does within, featuring brick, timber, and full-height glazing that pulls established gardens deep into every room.

The layout is quietly clever, separating formal and family living without sacrificing the flow that’s required to transform a house into a home, while a mosaic-tiled lap pool, poolside cabana, and lush lawns make the outdoor spaces just as compelling. With five bedrooms, a lower-level teen retreat with a gym, it’s one of Woollahra’s most considered family homes.

Address: 7 Wallaroy Road,ย Woollahra,ย NSWย 2025
Bedrooms: 5
Bathrooms: 4
Car spaces: 2
Price Guide: Contact Agent


A Paul Bangay garden is a credential in itself, and this one, maintained in near-original condition more than 15 years on, is among his finest country works. The collaboration with architect Russell Barrett produced “Bollitree”, a single-level five-bedroom home on 13 Red Hill South acres.

Designed with the ease that Barrett is known for, you’re getting 3.4-metre ceilings, generous glass, and dual wings that give both family and guests their own space. Bangay’s sequence of garden rooms unfolds from a Manchurian pear-lined driveway to terraced lawns, signature pleached planes, a heated pool, and long views to the Merricks ridgeline.

It really doesn’t get much better than this.

Address: 143 Point Leo Road, Red Hill South VIC 3937
Bedrooms: 5
Bathrooms: 3
Car spaces: 4
Price Guide: $8,800,000 to $9,400,000

Nick Kenyon
WORDS by
Nick Kenyon is the Editor of Boss Hunting, joining the team after working as the Deputy Editor of luxury watch magazine Time+Tide. He has a passion for watches, with other interests across style, sports and more. Get in touch at nick (at) luxity.com.au