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19 Glyndon Ave, Brighton just hit the market with a $18m-$19.8m asking guide.
A record-breaking $100m-plus Melbourne home sale has sparked a top-end housing gold rush, with elite addresses pouring onto the market from Toorak to Brighton in the past fortnight.
More than a dozen mansions above $15m have appeared online since it was revealed former Essendon Football Club president Paul Little’s Coonac mansion had sold for an undisclosed price believed to be Australia’s biggest for a house, at north of $130m.
Industry sources have indicated significantly more are quietly being put to buyers with $10m-plus budgets as the city’s wealthy, but privacy-conscious look to make deals.
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The priciest yet is a six-bedroom house at 205 Kooyong Rd, Toorak, with a $38m-$41m price tag designed by architect Christopher Doyle to include an eight-car basement garage, a sauna, pool, tennis court and temperature-controlled wine cellar.
“It’s designed for ultimate comfort and luxury, whether it be for entertaining, housing a car collection, or enjoying leisure activities like tennis, swimming, a private theatre, or a bar,” Marshall White Stonnington director Marcus Chiminello said.
Coonac is understood to have sold for more than $130m in early February. Picture: Instagram @melbournehousespotters
Late last week, the five-bedroom mansion known as ‘Elanora’ at 19 Glyndon Ave, Brighton, was put on the market for $18m-$19.8m.
Forbes Global Properties Australia director Robert Fletcher said the sellers built the palatial mansion about 13 years ago, and that it was designed by prominent architect Jon Friedrich.
Mr Fletcher said the market was relatively lethargic at the end of 2024, but people had entered this year with a more positive outlook.
The six-bedroom house at 205 Kooyong Rd, Toorak is listed for $38m-$41m.
The lavish home has a heated pool and tennis court.
He said the uptick was in part due to the timing of Easter, which would slow high-end listings in a few weeks time, but also linked to Toorak’s recent mega sale.
“A couple of the big ticket results in the market give confidence to people of a significant financial capability,” he said.
The agent said people would come to see that 2024 was probably the bottom of the market.
“The land opportunities are getting rarer in terms of people being able to buy something that they can build … their trophy (home),” he said.
The concrete shell of level 85/7 Riverside Quay, Southbank listed for $15m.
Kay & Burton boss Ross Savas is believed to have brokered the $100m-plus Coonac deal, and while declining to discuss that sale has noted an increase in confidence since February.
“This momentum is driving a significant increase in high-end listings, as sellers recognise the strength of demand and buyers seek to capitalise on rare opportunities,” Mr Savas said.
“Several key factors are fuelling this confidence, including easing interest rates and the continued depreciation of the Australian dollar against the US dollar.”
The four-bedroom house 11 Robertson St, Toorak listed for $16m-$17m.
One of five of his $15m-plus homes listed after February 9.
Toorak’s latest $15m-plus mansions to hit the market include 11 Robertson St with a $16m-$17m asking guide, 8 Montrose Court for $28m-plus, and 27 St Georges Rd with $29m-$31m price hopes.
South Yarra is also presenting opportunities for the wealthy to snap up their dream abode with
the new, five-bedroom house at 28 Marne St listed for $40m-$43m in the past week.
This five-bedroom house at 6-8 Elwood St, Brighton is listed for $21m-$22.5m.
The property spans about 1890sq m.
Ultra-luxurious boltholes are also being offered up, including the penthouse at 661 Chapel St, South Yarra, on the market for $16m-$17.5m, and 1007/150 Clarendon St, East Melbourne, with $15m-$16m price hopes.
South Yarra is also presenting opportunities for the wealthy to snap up their dream abode with
the brand new, five-bedroom abode at 28 Marne St listed for a $40m-$43m price guide.
And for those after a luxe Melbourne bolthole with all the trimmings, the penthouse at 661 Chapel St, South Yarra is on the market for $16m-$17.5m and 1007/150 Clarendon St, East Melbourne with $15m-$16m price hopes.
This four-bedroom house at 8 Montrose Court, Toorak is on the market with $28m-$30m price hopes.
Kay and Burton managing director Ross Savas said in the wake of a series of record-breaking sales, they were seeing a continued sense of confidence in the luxury property market.
“This momentum is driving a significant increase in high-end listings, as sellers recognise the strength of demand and buyers seek to capitalise on rare opportunities,” Mr Savas said.
“Several key factors are fuelling this confidence, including easing interest rates and the continued depreciation of the Australian dollar against the U.S. dollar.
“For international investors, this presents an exceptional opportunity to acquire some of Australia’s most prestigious properties at a compelling value.”
He added that some of Melbourne’s milestone transactions underscored not only the resilience of the nation’s ultra-luxury market but also its global appeal.
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sarah.petty@news.com.au
