Australia’s luxury housing market delivered a string of eye-watering deals in 2025, led by a Toorak mansion selling for $131m–$150m, marking the highest residential price ever recorded in Australia.
Key takeaways
- Australia’s luxury property market strengthened at both ends in 2025, with the top sale moving beyond last year’s record-matching $130 million transaction involving Atlassian co-founder Scott Farquhar’s Point Piper beachfront mansion to a reported $131m–$150m. Over the same period, the entry point to the list rose from $38.5 million to $45 million.
- Melbourne claimed the top spot this year, with the Coonac estate in Toorak achieving the highest residential price ever recorded in Australia.
- Sydney accounted for the majority of ultra-luxury deals, with most of the top 15 concentrated in the Eastern Suburbs, Harbour, and North Shore.
- Bellevue Hill emerged as Australia’s most active ultra-luxury suburb in 2025, featuring 5 times across the top 15 sales.
Australia’s Most Expensive Home Sales of 2025
Rank | Location | Price |
1 | Coonac, Clendon Rd, Toorak | $131m-$150m |
2 | 14 Tivoli Ave, Rose Bay | $82.5m |
3 | Lansell Rd, Toorak | $80m+ |
4 | Crown Tower Penthouse | ~$80m |
5 | 11 Coolong Rd, Vaucluse | ~$62m |
6 | 10-12A Victoria Rd, Bellevue Hill | $59m |
7 | 38 Vaucluse Rd, Vaucluse | $56m |
8 | 69 Wolseley Rd, Point Piper | $55m |
9 | 12 Dumaresq Rd, Bellevue Hill | $54.6m |
10 | Lansell Rd, Toorak | $50m |
11 | 3 Kirkoswald Ave, Mosman | $50m |
12 | 69 Victoria Rd, Bellevue Hill | $50m |
13 | 78 Kambala Rd, Bellevue Hill | $48.5m |
14 | 19 Kent Rd, Rose Bay | $45.1m |
15 | 45 Kambala Rd, Bellevue Hill | $45m |
Key Background
The standout transaction of 2025 was the sale of Coonac, a landmark Italianate estate on Clendon Road in Melbourne’s Toorak, which reportedly set a new national residential price record in the $131m–$150m range. The 1.08-hectare compound, owned by former Toll Holdings boss Paul Little and his wife Jane Hansen, chancellor of the University of Melbourne, eclipsed the previous benchmark of $130 million held by two Point Piper properties.
On the other side of the market, Sydney also delivered record-setting results at the top end. Mosman set a new North Shore record with the $50 million sale of 3 Kirkoswald Avenue, while the Crown Sydney penthouse at Barangaroo reportedly sold for close to $80 million, marking the most expensive completed apartment transaction in Australian history.
Tangent
Australia’s record-setting trophy home sales come as housing affordability continues to deteriorate in major cities. The 2024 Demographia International Housing Affordability report ranked Sydney as the world’s second least affordable housing market, behind only Hong Kong, with Melbourne also placing in the global top 10.
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