Revealed: Melbourne’s Most Expensive Properties
6 min
From historic estates to cutting-edge architectural masterpieces, Melbourne’s ultra-luxury property market continues to break records. With landmark sales exceeding $100 million and unprecedented demand for blue-chip real estate, the city cements its status as a global hub for high-end living. Here, we explore the most exclusive transactions shaping the future of prestige property.
2 Macquarie Road, Toorak: About $70 Million
This six-bedroom mansion set a new benchmark for luxury real estate in Victoria in December 2024. Designed by architect Illario Cortese and completed in 2018, it features a marble staircase, a basement cinema, a temperature-controlled wine cellar, and a tennis court. Renowned landscape designer Paul Bangay crafted the exquisite gardens, which include a hotel-style pool and spa.
‘Coonac’ Estate, Toorak: Between $130 Million and $150 Million
The historic ‘Coonac’ estate recently sold off-market, potentially setting a new national house price record. Previously owned by Essendon Football Club boss Paul Little and University of Melbourne chancellor Jane Hansen, the sale price is rumored to be between $130 million and $150 million, surpassing previous records.
‘Cranlana’ Estate, Toorak: Listed at $100 Million
The century-old ‘Cranlana’ estate, owned by the Myer family since 1921, has been listed for sale, marking Melbourne’s first property to cross the $100 million price threshold. The Italianate Arts and Crafts mansion spans over 11,000 square meters and includes nine bedrooms, a ballroom, library, tennis court, swimming pool, and a multi-car garage.
336 Glenferrie Road, Malvern, VIC: $52 Million
In 2018, art dealer Rod Menzies has sold his Malvern mansion for a house price record of $52.5 million.
The historic property at 336 Glenferrie Road — which was first Australia’s government house, Stonnington — was originally built in 1890 by Cobb & Co coaches partner John Wagner who occupied it until his death in 1901.
Spread over 1.2 hectares, sources who have been in the mansions allege it offers an abundance of bedrooms, living areas and wet zones with intricate detail in all its fittings.
47 Lansell Road Toorak, VIC: $40-44 Million
The sale price for 47 Lansell Road, which is understood to be at the pointy end of its 40-44-million threshold has set not only Toorak’s price record, but is also the most expensive home sold at auction in Australia.
The home was treated to an overhaul at the hands of architects Carr Design, and luxury interior design practice Helen Green Design studio. Elsewhere the 3300sqm plot was treated to the work of Paul Bangay and his renowned gardens.
The 5-bedroom, 4-bathroom, 6-car home was the most expensive listing in Melbourne this year and boasted a swathe of luxury fittings and mod-cons including three kitchens (one regular, chef, commercial – of course), with Miele appliances, commercial grade fridges and stone benches.
The list goes on with the home offering, indoor-outdoor spaces with teppanyaki grill, luxurious cinema room, an outdoor leisure centre with pool, gym, tennis court, massage room and more.
21 Coppin Grove, Hawthorn, VIC: $40.5 million
Former Australia Post boss Ahmed Fahour sold his Hawthorn mansion in July. The price making it the second-highest ever paid for a residential property in Melbourne at the time of sale.
The standout home, known as Invergowrie was listed in 2018 – with Marshall White’s Marcus Chiminello.
Set on a massive 1.1-hectare block, the home offers five bedrooms and a three-bedroom brick guest house, a bluestone two-bedroom cottage and a hall that double as a gym.
The main homestead is two-storey and is defined by its distinctive colonial-goth architecture. It’s here that the property offers 15 separate rooms and is surrounded by sweeping lawns and gardens, dotted with mature trees.
18 St Georges Road, Toorak, VIC: $40 millon
The sale of ‘Mowbray’ on St Georges road saw the dual frontage home occupy one of the finest spots in Toorak within walking distance of Toorak village shops, cafes, restaurants and Melbourne’s top private schools. Perched on 5414sqm of land the six-bedroom family residence with formal lounge, formal dining, staff quarters, outdoor entertaining area, pool and tennis court.
39 Irving Road, Toorak, VIC: $31-$34 million
The historic manor on Toorak’s Irving Road, better known as Chiverton, sold for more than $30 million.
The 6-bedroom, 5-bedroom, 6-car parking home was sold by Kay & Burton South Yarra selling agent Michael Gibson.
The coveted mansion sits on approximately 2170sqm of land with a further 980sqm attached for the tennis court. While the listing was split, the property was sold as a bundle.
With the tennis court, the home arrives with an outdoor swimming pool, a Mediterranean façade, timber-lined ceilings.
Chiverton has five bedrooms, five bathrooms, two powder rooms, magnificent formal rooms, library, informal living, open plan kitchen, separate one-bedroom apartment, poolside summer house and four-car garage. Every room looks out to the extensive garden and lawns.
60 Hopetoun Road, Toorak, VIC: $30-$33 million
The superstar listing from famed concert promoter Michael Coppel sold for somewhere in the low-30-millions, although listing agent Marcus Chiminello of Marshall Whit wasn’t at liberty to divulge the specifics.
The 3066-square metre home is located in the most enviable locale in Melbourne, the 6-bedroom, 7-bathroom, 9-car garage residence and is replete with manicured gardens, stunning pool area and tennis court.
Inside, a soaring lobby and staircase impart grandeur and opulence, welcoming one into a home that is as flexible as it is luxurious.
The kitchen is privy to a large butler’s pantry with laundry and adjoining cool room – ideal for private chefs or large catered events.
The entertainment room is serviced by its own bathroom with all common spaces leading seamlessly to the lush, tropical outdoor entertaining and dining area, aforementioned swimming pool, cabana and tennis court.
Further, the home offers a bounty of bedrooms including a palatial main bedroom suite that features a substantial dressing room, ensuite, private gym and rooftop sun terrace.
61-63 Grange Road, Toorak, VIC: Approx. $30 Million
Offering a touch of the English countryside in Melbourne’s Toorak comes this sprawling 4236sqm property on Grange Road. Purchased by tech wizard Guy King, the property was designed by Drew Cole Architects and features multiple formal and informal living rooms, four bedrooms, siz bathrooms, study, separate home office, gym cinema, cellar, six car basement garage, pool and more.
Inside it’s an entertainer’s delight with the kitchen featuring a huge marble island, AGA stove, integrated Subzero fridge/freezer, butler’s pantry, custom-made joinery and easy access to the formal dining room. Sliding doors connect the informal living to a shaded terrace for a myriad of indoor-outdoor entertaining options with steps down to the pool and garden.
16 Balwyn Road, Canterbury, VIC: Approx $29 million
Historic mansions, such as ‘Shrublands’ in Melbourne’s Canterbury, have undeniable old-world gravitas. And with such character come with a certain cost – this lavish home listed at what would’ve been a suburb record $42-$46 million.
However, the home was rumoured to take a $13 million hair cut, with some outlets reporting a price of $29 million.
Abercromby’s agent Jock Langley was tight-lipped about the final sale price.
The home features 9-bedroom, 9-bathroom and enough space for 10 cars among its 42-room spread.
Within the long-list of amenities includes a two-bedroom guest wing, basement cinema, billiards room, historic bluestone wine cellar, library, gym and newly-finished heated indoor pool and wellness centre.
Elsewhere Opulent gold-leaf finishes and crystal chandeliers give way to modern fixtures as highlighted in what’s an industrial-sized contemporary kitchen.
However, the home’s ‘piazza’ is the cherry on top, with the outdoor entertaining spaces fitted with heating via outdoor fireplaces.
Early indications from several big regional real-estate boards suggest March was overall another down month.
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A heritage-listed Federation estate with tennis court, pool and studio, Marika offers timeless elegance and modern family living in the heart of Hunters Hill.
2 min
A grand old dame who has stood the test of time, Marika is a slice of Hunters Hill heritage transformed for modern-day living.
Meticulously renovated between 1981 and 1983, with several updates since, Marika made it onto the heritage register in 1999 just in time to signal a new millennium. Today, the modernised mansion is on the market with an auction price guide of $7.5 million, marketed through BresicWhitney’s Nicholas McEvoy.
“The home is a fantastic opportunity for a discerning buyer to get a grand family estate-style property, with a pool, tennis court and grounds, for a price that’s much more affordable than expected,” McEvoy says.
Sitting pretty on the corner of Augustine St and Ryde Rd, the stately Federation residence occupies a sprawling 2472sq m block, which was once part of a 30-acre land grant handed to Frederick Augustus Hayne in 1835. In 1902, he sold it to Dr Leopold Augustus Carter, a local dentist. Two years later, Marika, then known as “Ryde”, appeared in the famed Sands Directory – the social media of its era – a symbol of its architectural significance.
Surrounded by manicured gardens with sculpted hedges, a pool and full tennis court, Marika is a prime example of Federation style with contemporary elements.
Inside, the single-level five-bedroom home showcases intricate craftsmanship, from its decorative gables, period archways and bay windows to the coloured glass panels on multiple doors and windows. Elegant formal rooms have high ornate ceilings that are a preserved nod to Marika’s past, while the more modern spaces are relaxed family-friendly zones.
Thanks to a pavilion-style addition, the L-shaped layout measures 450sq m internally and wraps around a central courtyard that plays host to the alfresco dining terrace and pool, while a wide veranda frames the original front rooms of the house.
Primary living spaces, including the dining area with integrated bar, open to the great outdoors via stacker doors and the 21st century kitchen has a large island bench and a butler’s pantry with hidden access to the triple lock up garage. There is also a dedicated media room, a library or home office, plus a separate family room with a beautiful bay window.
All bedrooms feature built-ins while the main retreat, and a second bedroom, have shower ensuites. The shared bathroom houses convenient twin vanities and a freestanding bathtub.
Beyond the interiors, Marika delivers resort amenities with a full-sized, floodlit tennis court, the pool, barbecue terrace and a self-contained studio apartment with the added bonus of Harbour Bridge glimpses.
Added extras include a converted loft storage space, a large laundry with side yard access, ducted air conditioning, multiple fireplaces, solar panels with a battery backup and modern insulation.
Accessed via Augustine St, Marika is close to St Joseph’s College, Boronia Park shops, local ovals and city transport.
Marika at 59 Augustine St, Hunters Hill is set to go under the hammer on April 26, on site at 9am with a price guide of $7.5 million. The listing is with Nicholas McEvoy and Narelle Scott of BresicWhitney Hunters Hill.
Architect Mark Rios and his husband, Dr. Guy Ringler, spent 18 months renovating the house, which was originally designed by John Elgin Woolf.
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