NEW WAVE: THE EVOLUTION OF AUSTRALIA’S COASTAL LUXURY
From the shacks of yesterday to the sculptural sanctuaries of today, Australia’s coastal architecture has matured into a global benchmark for design.
From the shacks of yesterday to the sculptural sanctuaries of today, Australia’s coastal architecture has matured into a global benchmark for design.
In the land down under, the beach is in our DNA. So is it any wonder that Australian architecture is leading the world in luxury coastal design?
With about 85 per cent of our population living within 50 kilometres of the coastline, we’ve perfected the art of the beach house. Yet over the past two decades, there’s been a sophisticated shift in the traditional coastal cottage.
The residential revolution that has washed over our most valuable waterfront locations has replaced the original weatherboard “shacks” by the sea with a contemporary design movement shaped by admiration and respect for the natural environment.
No longer simply about the view, today’s coastal architecture is about creating beautiful homes that perform seamlessly in an increasingly volatile climate while meeting the rising tide of high-net-worth buyers who want it all.
From infinity pools to wellbeing spaces that connect with nature, one-time weekenders have been transformed into permanent escapes, providing year-round indulgence.

An island home
Belgian-born, Tasmania-based architect Lara Maeseele believes the quintessential coastal home has become a finely tuned instrument. With more vacant land to experiment with, and lower entry prices, she says the Apple Isle is perfectly placed for architects and homeowners to explore the new-age beach house.
“A highlight in Tassie is you can find these amazing vacant blocks on the coastline, and still be blown away by the unexpected views,” she says.
Having studied in Belgium and worked in London, Maeseele brings a northern European minimalist sensibility to the Australian beach house.
“Our way of life is so complex. When we get home, it’s nice to slow down, to declutter and find some peace and quiet.”
Nebraska House on Bruny Island took home the 2025 HIA Tasmanian Home of the Year and earned a commendation at the Houses Awards, but Maeseele still affectionately refers to her design overlooking the D’Entrecasteaux Channel as a “shack.”
“What we tried to do was make sure that from the foreshore, it was kept small and consistent with the neighbouring properties, and that’s the luxury element that I see in the shack. It sits quietly in its setting.”
With a water backdrop from most rooms, she says the ocean was a primary player when designing the house, but light was just as important for the clients.
“Both the western and eastern elevations slide wide open so it feels like a bit of an umbrella,” she says. “Then in winter, it’s fully insulated and glazed. When the sun sets, you have the most beautiful evenings, feeling cosy and sheltered while watching the wind and water outside.”
True to her European roots, Maeseele believes that when it comes to aesthetically pleasing and functional coastal design, the less-is-more approach should drive every project.
“We’re on an island, so we’re very aware any build leaves an impact,” she says. “We chose lightweight materials so, in the end, the house could be dismantled and the timber reused.”

Thriving by the sea
Sydney architect Jon King, who has designed both beach houses and boutique hotels, says the new generation of coastal design is a balancing act between luxury and environment.
Even in today’s dazzling designs, he believes comfort should still overshadow spectacle.
“If you’re going to make an exceptional beach house, it has to adapt. It needs to be beautiful when the sun is shining and the whales are jumping out of the water, but the next day it needs to withstand horrendous southerlies and wild storms,” he says.
“The material choices are vital because they need to look great, but last in that salty environment and in extreme winds and rain.”
What was once the domain of fibro cottages has developed into a sea of enviable, state-of-the-art designs.
“For a long time, we lived simply in beach environments because the land was cheap and our buildings were unsophisticated. But now, living on the coast has become coveted, even fetishised. People are making statements through architecture, and that changes everything.”
He says that in an effort to connect with nature, the temptation can be to build with vast walls of glass to capture the ultimate panorama, but subtle design can be more successful when it gives the dramatic backdrop a curated cameo.
“Most coastal locations are suburban in nature with small blocks and neighbours either side, so you can’t always get the view you want,” he says.
“But you can frame it beautifully rather than opening everything up to the elements.”
Cheyne Fox of White Fox Gold Coast, who has recently listed one of only two houses on Hayman Island in the Whitsundays, agrees that Australia’s coastal homes are unparalleled.
“Gone are the days when people wanted their properties to stand out and look at odds with the surrounds. Today’s luxury designs are very much about fitting in,” Fox says.
The Residence at Hayman spans three levels and offers more than 1,400 square metres of internal and external living space.
Designed by the late, internationally renowned architect Kerry Hill, it also features breezeways, terraces and an infinity pool designed to embrace the subtropical environment.
“When you get to Hayman Island, you get calico bags. There are no plastic bottles or even cars. There is a true respect for the environment, being so close to the Great Barrier Reef. And as such, the architecture reflects that ethos.”
She says high-net-worth buyers will pay top dollar for such indulgent and considered coastal designs.
“This is a once-in-a-lifetime proposition for a purchaser, but also a once-in-a-lifetime proposition for an agent.”
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A student-run real estate investment fund is proving that hands-on experience can deliver real results. Managing $12 million in equity, the undergraduate team recently achieved a 65% gross return on its first property sale, highlighting the growing role of experiential learning in preparing the next generation of real estate professionals.
On a recent summer Sunday afternoon, Brooks Hiller was hunkered over his laptop at his apartment in Chicago, dialing in to hour three of a marathon series of conference calls on real-estate deals.
The 21-year-old isn’t a professional, and he doesn’t make a dime from this work. He is a rising senior at Indiana University’s Kelley School of Business, where he leads a team of 20 undergraduates who manage about $12 million in equity.
Those students operate their own real-estate investment business, called Sample Gates Management, named for the Gothic-style limestone arches that are the gateway to the Bloomington campus.
Unlike the many student investment clubs that deploy university money or rely on donations, the Indiana group raises funds from third parties and invests in properties across the country, such as apartment developments and industrial parks.
As a high schooler, Hiller was so enamored with the program—by most accounts, the undergraduate-run real-estate investment group that manages the most capital—that he chose to attend Indiana with hopes of being a part of it.
“Students get the experience, the school gets a better education for their students, and the investors are making their money back and get to be a part of the program again,” Hiller said. “I really wanted to be part of that.”
The group’s success is emblematic of changes transforming both higher education and the real-estate industry.
An industry that once revolved around information shared at private clubs or events has become a highly digitized landscape. It’s now flooded with standardized public-market data, so much so that undergraduates can readily peer inside and participate on nearly equal footing.
Meanwhile, colleges in recent decades have championed what is called “experiential learning,” encouraging students to do the hands-on work that will teach them the practical job skills they can’t learn in traditional classroom settings. Plus, dozens of universities now offer real-estate degrees, minors or concentrations for undergraduates.
“At its core, this program wouldn’t have existed 30 years ago,” said Harvard University real-estate professor Avis Devine.
This summer, Sample Gates Management sold its first investment, an industrial warehouse development in Indianapolis. In about 16 months, the fund earned a 65% gross profit on that property.
“That’s a really fantastic return in this environment,” one that would be “good for sort of any professional firm, not just students,” said Tim Morris, a member of the board responsible for approving the students’ investments, who is a founder and co-managing partner of the real-estate firm Proprium Capital Partners.
That property was an “easy yes” investment, Tom Peck, the students’ faculty adviser, recalled. It would diversify the group’s investment portfolio, and a reliable tenant was committed to leasing the building once it was finished, Peck said.
Most of the fund remains tied up in investments, making it difficult to gauge exactly how well it is performing overall.
A decade ago, there were only a few student-managed real-estate funds in the country. Today, there are at least 18, and two more are set to launch this school year, according to Mariya Letdin, a real-estate professor at Florida State University who has researched student-managed investment funds and advises one herself.
And yet, although a program like Sample Gates is an attractive resume line that provides unique experience among undergraduates, it isn’t necessarily a launching pad to help students secure jobs. Because of Wall Street’s summer-internship pipelines and early recruiting timelines, many of the 20 seniors in the group have already secured full-time jobs at global giants before they even touch Sample Gates funds.
In fact, the students’ professional experience—some of them participate in internships all three summers of college—is often a boon for Sample Gates. Students’ stints at institutional shops have left them with a “networking mindset” that “snowballs very quickly into a really, really good Rolodex,” Morris said.
At the Kelley School, where currently 278 students are majoring in real estate, faculty picked only 20 to manage the private-equity fund. The rising seniors were selected from Kelley’s already competitive roughly 60-student commercial real-estate workshop, in which students analyze deals and pitch them to mock committees.
In 2022, for the group’s first round of fundraising, Sample Gates raised $4.2 million from 46 investors, 40% more than their goal of $3 million. Last year’s cohort raised $7.8 million from 74 investors in the second round of fundraising, with one investor forking over $700,000. Some investors put money into both funds.
Many of the investors are Indiana alumni now working in the real-estate industry themselves. They expect the students to return a profit, but they are also enthusiastic about fostering the young program and meeting standout students.
The student managers screen between three and eight deals each week, which could mean they evaluate up to 400 potential investments a year. However, between 2023 and 2025, they selected only 12 investments, ranging in location from Indiana to Arizona.
Once a potential investment passes an initial screening, a team builds financial models and meets with prospective partners to pressure-test the viability of a deal.
For students to move forward with an investment, they must present it to their investment committee, a board of 10 seasoned real-estate executives. The committee has to sign off on all deals, and they reject roughly a third of the ones the undergraduates bring to the table.
And if the students think they can pitch an investment without getting their eyes on the physical property—regardless of where it is located— they would best think again.
Some observers predict that students might be disappointed when they start their full-time jobs because of the shift from doing the highest-level work of managing a fund to being a lowly analyst at a large firm.
“To have all of these skill sets in a short period of time and then to go be an associate for Blackstone would be mentally defeating,” said Rhett Trees, an investor in Sample Gates and Indiana alum who is the chief executive of a Denver-based real-estate private-equity firm.