Prestige Property: 20 Linlithgow Road, Toorak, VIC
Step inside one of Melbourne’s architectural masterpieces.
By Terry Christodoulou
Fri, Apr 23, 2021 10:50am
2 min
2 min
Toorak, Melbourne’s blue-chip locale is filled with a heady array of historic homes and modern mansions, yet few compare to the 950sqm contemporary masterpiece listed here.
Sprawled across a 1270sqm block, replete with low maintenance garden, the Stephen Jolson designed residence boasts 4-bedrooms, 3-bathrooms, 6-car parking across three levels in one of Toorak’s most prestigious positions.
The striking sculptural façade of cantilevered solid concrete ‘blades’ and tall window walls are the most salient features of the home.
Inside, it conceals lavish interiors highlighted by Australian Bluestone walkways, American Oak floors, and a hydronic underfloor heating system.
Arriving via the circular drive and grand bronze porte cochere entry one emerges into voluminous gallery-like spaces that provide sophisticated living, dining, and entertaining.
A central light atrium extends throughout all three floors while northern light pours in through walls of glazing that unfold to the entertaining terrace.
Elsewhere, the Statuario marble kitchen with separate scullery and bar is fitted with Miele appliances, three Vintec wine fridges and a Sub-Zero fridge and freezer.
The casual open living and dining areas include a hidden home theatre, descender TV and gas fire.
The first floor finds a library with yet another kitchenette, study or fifth bedroom while a central bathroom accompanies four retreat-style bedrooms including the palatial master suite with twin deluxe walk-in robes. Also here, a study, stunning open ensuite replete with marble benchtops, a freestanding stone bath and private terrace all enjoying panoramic valley views.
Downstairs sees a lounge with granite bar, concealed kitchenette, gym, steam room and bathroom complementing the jaw-dropping 20-metre indoor lap pool.
Throughout the home is fitting with smart technology including full CBUS home automation, enjoys access via private lift, boasts an oversized three-car garage (with parking for a further three vehicles) while enjoying Toorak’s conveniences moments from Toorak Village, High Street Armadale and Melbourne’s most esteemed private schools.
The listing is with RT Edgar’s Antoinette Nido (+61 419 654 856) with a price guide of $15.5m-$17m; rtedgar.com
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The typically busy spring season for the housing market was a dud, and the summer isn’t looking much brighter.
Housing services companies like Zillow Group and Rocket RKT +3.78% were loud and clear last week on earnings calls: Rocket CEO Varun Krishna called the quarter through June “one of the toughest spring housing markets in years.”
Jeremy Hofmann, Zillow’s chief financial officer, said on a conference call that the company predicted earlier this year that the market for mortgages would be flat. “We actually now think it’s going to be down low-to-mid-single digits,” he said.
The rest of 2026 will remain challenging for mortgage origination volume, says KBW analyst Bose George. The question now is what happens in 2027. “If mortgage rates remain [around] 6.75%, I think that’s going to be challenging even for next year,” he says.
But what’s bad news for mortgage companies could be a positive for bargain hunters. Buyers can expect prices to grow more slowly—or mildly decline—with less competition as long as mortgage rates remain unpredictable.
Mortgage rates at the beginning of the year were solidly below year-ago levels, notes Zillow senior economist Kara Ng. But they surpassed last year’s levels recently, she adds, referencing Freddie Mac’s weekly survey of 30-year fixed mortgage rates. Last week’s reading, at 6.69%, was higher than year-ago levels for the first time in 2026.
“From the affordability point of view, it’s going to get more challenging in the second half of the year,” she says. “And when affordability gets more challenging, that impacts sales and home price appreciation.”
Mortgage application data tracked by the Mortgage Bankers Association has cooled since the beginning of the year. The trade group expects that the number of mortgage originations in the remaining two quarters will lag behind last year’s levels, after exceeding 2025 levels in the first half.
Rocket’s early-stage data—which the company told Barron’s it derives from its brokerage Redfin, demand for its mortgage products, and signs in its servicing portfolio that a homeowner is preparing to refinance or move—“leads us to expect the third quarter mortgage market to be smaller than the second,” Chief Financial Officer Brian Brown, said on the company’s call. He added that such an occurrence is “something the industry has not seen since 2022.”
Prices will be about flat nationally, Ng says. Zillow’s most recent forecast, which shows how values are expected to change in the year ending June 2027, show them dropping in roughly half of the 100 largest U.S. metros for which data is available.
Buyers aren’t rushing in at a time when mortgage costs are rising and unpredictable. But those with the right combination of patience and cash could stand to benefit. “If you are financially qualified to buy a starter home, you are facing less competition and you’re more likely to get a price cut,” Ng says.
