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The trends, features 
and suburbs defining 
luxury in 2026

Despite often being used as a synonym for ‘expensive’, true luxury is indefinable; luxury is in the eye of the beholder.

That’s why when Claudia Walker, founder and director of Studio Moncur, begins a project, it always starts with her clients. Clarity of vision, not just understanding what you like, but why you like it. An invisible string tying the entire project together.

Studio Moncur has produced substantial projects incorporating timeless, refined and unique spaces - each moulded and crafted to reflect the families and individuals living there. We asked her about her approach to curating the perfect luxury space, capturing trends while remaining classic, and how each client brings their own personality to each project.

How has the definition of “luxury” in interior design evolved over the past decade?

Luxury has shifted from overt grandeur to something far more nuanced and personal. While traditional markers like rich materials, bold finishes, and statement elements still have their place, today’s luxury is just as much about restraint, refinement, and how a space makes you feel.

We’re seeing a move toward quieter, more considered interiors; spaces that feel effortless rather than imposing. In Australia, increased exposure to global design has also elevated expectations; clients are more informed and more discerning than ever.

What’s most compelling is that luxury is no longer confined to a single aesthetic. It’s fluid. True luxury now lies in creating something deeply aligned to the individual; spaces that resonate personally and evolve with the way people live.

When you begin a new project, what is the first element you look for that helps define the design direction?

Everything begins with the client. Design, particularly in residential work, is incredibly personal, so understanding how someone lives is fundamental to shaping the direction.

I spend time getting to know not just their aesthetic preferences, but how they move through their day, what they value in their environment, and how they want their home to feel. A home is often the most authentic expression of a person’s identity.

Once those layers are clear - their inspirations, priorities, and lifestyle - it becomes much easier to define a direction that feels both cohesive and genuinely theirs.

In luxury interiors, how do you balance timeless design with current trends?

It comes down to proportion and restraint. Timelessness provides the foundation, while trends can be introduced as moments of character and expression.

Trends are valuable because they allow us to take risks and inject personality, but they need to be applied with a level of discipline. When overused, they can quickly date a space or dilute its overall integrity.

The most successful luxury interiors strike a balance: they feel elegant and enduring, yet still have a sense of individuality. Interestingly, many elements we now consider timeless were once trends. It’s all about how thoughtfully they’re integrated.

How do you translate a client’s lifestyle and personality into a cohesive interior concept?

Trust is central to the process. When clients feel comfortable sharing how they truly want to live, it gives you the clarity needed to create something meaningful.

Every decision, from layout to materiality, should tie back to how the client wants to experience their home. For some, that might mean creating a calm, restorative sanctuary; for others, it’s a space designed for entertaining and connection.

A cohesive concept isn’t just about visual consistency, it’s about creating a home that flows intuitively and supports the way someone lives, so every space feels purposeful and connected.

What are the subtle details that distinguish a truly exceptional luxury space from a simply expensive one?

The difference lies in cohesion and detail. A truly exceptional space has a clear design language that carries through every element, from architecture to finishes.

For example, in a Neo-Georgian home, elements like generous skirtings, wall panelling, ceiling height, and spatial definition aren’t optional, they’re essential to making the style feel authentic. Without that alignment, even high-end materials can feel disconnected.

It’s often the quieter details like layered lighting, the balance of soft and hard finishes, the addition of a rug or ambient lighting that transform a space from visually impressive to genuinely inviting.

How is technology changing the way luxury homes are designed today?

Technology has become an expectation rather than an add-on in luxury homes. Integrated systems now shape both how a home functions and how it’s experienced.

From automated lighting and window finishes, climate control, advanced security and media integration, technology is seamlessly embedded into daily life. Even televisions are now designed to read as art.

Importantly, technology is also driving sustainability through energy-efficient systems, water management, and smarter materials. It’s no longer just about convenience; it’s about creating homes that are both intelligent and responsible.

What role does craftsmanship and bespoke design play in your projects?

Craftsmanship is at the heart of luxury design. Bespoke elements bring a level of individuality and refinement that simply can’t be replicated through off-the-shelf solutions.

Collaborating with skilled makers such as joiners, artisans, architects, and builders allows us to create spaces that feel considered and unique. These partnerships are essential in bringing more ambitious ideas to life.

Australia has an incredible design community, and working alongside such talent is one of the most rewarding parts of the process. It’s through this collaboration that truly distinctive interiors are realised.

What is one design element or material that you believe will define luxury interiors in the next few years?

Natural materials will play a defining role. There seems to be a shift away from overly polished, “new” finishes toward materials that feel authentic, tactile, and grounded.

Reclaimed timbers, natural stone, and materials with visible variation or imperfection bring an immediate sense of depth and character. They tell a story and connect a space to its environment.

This isn’t about compromising on luxury, it’s about redefining it. There’s a growing appreciation for spaces that feel established and timeless from the outset, rather than pristine and untouched.

When a project is complete, what tells you that the space truly reflects the client?

It’s always the client’s reaction. There’s a moment when they walk in and you can see that it resonates; that the space feels like them.

The design process is layered and often complex, so reaching that point of clarity and satisfaction is incredibly rewarding. When a client feels completely at ease in their home, you know it’s been successful.

What is one thing clients often overlook that can make the biggest difference in a luxury interior?

Clarity of vision. Understanding not just what you like, but why you like it, is critical.

Without that foundation, it’s difficult to prioritise where to invest: whether that’s in architectural details, materials, or finishing touches. Clients often underestimate how much impact those decisions have on the overall outcome.

When there’s a clear, well-understood direction, every detail has purpose; and that’s ultimately what creates a truly considered and luxurious space.

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