Melbourne’s 5 Most Expensive Properties [2023]
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Melbourne’s Most Expensive Properties [2024]

The Victorian capital’s top-grossing transactions.

By Kanebridge News
Tue, Nov 16, 2021 1:51pmGrey Clock 5 min

 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, 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.



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This stylish family home combines a classic palette and finishes with a flexible floorplan

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Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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We reveal the No. 1 areas for price growth in each capital city

By Bronwyn Allen
Thu, Jul 18, 2024 3 min

Home values across Australia rose by a median 8 percent in FY24, delivering the equivalent of $59,000 in new capital growth to the two-thirds of the population that owns a home, according to CoreLogic data. Investors received total returns of 12.2 percent over the year, including capital gains and gross rental income.

Very tight supply and demand in most capital cities except Melbourne and Hobart was a significant driver of the capital growth, with the smaller and more affordable capital cities of Perth, Brisbane and Adelaide experiencing the most price appreciation over the year. A lack of properties for sale trumped the usual dampening effect of higher interest rates.

As usual, some areas outperformed their city’s median growth benchmark. Here are the top SA3 areas for capital growth in each capital city of Australia in FY24. SA3 areas are large suburbs, or districts incorporating clusters of suburbs, with more than 20,000 residents.

 

Sydney

Home values across Sydney rose by a median 6.3 percent in FY24. The No. 1 area for growth was Mount Druitt. Its median value rose by 13.96 percent to $859,939. Mount Druitt is located 33km west of the CBD. It incorporates the suburbs of Mount Druitt, Ropes Crossing, Whalan and Minchinbury. The Mount Druitt community is very multicultural with almost one in two residents born overseas. It is home to many young families, with the median age of residents being 33 compared to the NSW median of 39.

 

Melbourne

Home values across Melbourne rose by a median 1.3 percent in FY24. The top area for capital growth was Moreland-North with 4.71 percent growth. This took the district’s median home value to $746,488. Moreland-North includes the suburbs of Hadfield, Pascoe Vale and Glenroy. It’s a multicultural community with a particularly large contingent of residents with Italian ancestry. One or both parents of 66 percent of residents were born overseas, according to the 2021 Census.

 

Brisbane

Home values across Brisbane rose by a median 15.8 percent in FY24. The No. 1 area for growth was Springwood-Kingston in Logan City. Its median value swelled by 25.55 percent to $710,569. Springwood-Kingston is approximately 22km south of Brisbane CBD. It incorporates the suburbs of Springwood, Kingston, Rochedale South and Slacks Creek. It is a multicultural community with one or both parents of 55 percent of the residents born overseas, according to the 2021 Census. More than 15 percent of residents have Irish or Scottish ancestry.

 

Adelaide

Home values across Adelaide rose by a median 15.4 percent in FY24. The best area for capital growth was Playford in Playford City. Its median value soared by 19.94 percent to $530,991. Playford is approximately 40km north of Adelaide. It incorporates the suburbs of Elizabeth Downs, Elizabeth Grove, Angle Vale and Virginia. It is home to many young people under the age of 40. The median age of residents is 33 compared to the state median of 41.

 

Perth 

Home values across Perth rose by a median 23.6 percent in FY24. The No. 1 area for growth was Kwinana in Kwinana City. Its median value skyrocketed by 33.19 percent to $618,925. Kwinana is approximately 37km south of Perth CBD. It includes the suburbs of Leda, Medina, Casuarina and Mandogalup. Henderson Naval Base is located here and there is a significant community of servicemen and ex-servicemen living in the area. It is home to many young families, with the median age of residents being 33 compared to the state median of 38.

 

Canberra

Home values across the nation’s capital rose by a median 2.2 percent in FY24. The best area for capital growth was Weston Creek. Its median value rose by 5.24 percent to $937,740. Weston Creek is approximately 13km south-west of the CBD. It includes the suburbs of Weston Creek, Holder, Duffy, Fisher and Chapman. Approximately 43 percent of residents have a bachelor’s degree, which is on par with the ACT median but much higher than the national median of 26 percent. Household incomes are about 35 percent higher than the national median. Almost one in five residents work in government administration jobs.

 

Hobart

Home values across Hobart fell 0.1 percent in FY24. The top performing area for capital gains was Sorell-Dodges Ferry with 2.78 percent growth. This took the area’s median home value to $615,973. Sorell-Dodges Ferry is approximately 25km north-west of Hobart. It incorporates the suburbs of Richmond, Sorell, Dodges Ferry, Carlton and Primrose Sands. The area has a large community of baby boomers and retirees, with the median age of residents being 43 compared to the Australian median of 38.

 

Darwin

Home values across Darwin rose by a median 2.4 percent in FY24. The No. 1 area for growth was Litchfield. Its median value moved 3.21 higher to $672,003. Litchfield is about 37km south-east of Darwin and includes the suburbs of Humpty Doo, Acacia Hills and Southport.  It has a high proportion of middle-aged residents, with the median age being 39 compared to the territory median of 33. About 12 percent of residents are Indigenous Australians. The biggest industries are government administration and defence. Median household incomes are about 35 percent higher than the national median.

 

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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