Maribyrnong: New house price record set by car collector’s dream home with eight-car garage

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37 Newstead St, Maribyrnong - for herald sun real estate

37 Newstead St, Maribyrnong, has set a new house price record for the suburb that’s in Melbourne’s inner north west.

An epic Maribyrnong house with an eight-car garage has smashed the suburb’s house price record by almost $3m amid a bumper start for Melbourne’s property market in 2025.

The five-bedroom home at 37 Newstead St sold for $7.1m, overtaking the $4.15m figure set by 96 The Esplanade, in 2018, by a whopping $2.95m.

It’s the latest in a series of record-shattering sales in what has been one of the strongest starts for Melbourne’s housing market in years, with properties in suburbs as varied as Toorak, Frankston South, Keilor East and Highton also revealed to have new benchmarks.

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Whitefox Northside’s Dylan Francis said the new Maribyrnong record holder had soared well above its $5m-$5.5m listed asking range, bowling over both him and the owner.

Along with the garage, the residence’s uninterrupted Maribyrnong River and park views and an outdoor entertainer’s set-up including a pool, spa, barbecue kitchen and woodfire pizza oven won plenty of fans among the 50 groups who inspected the house.

“It sold within the first 14 days of the property being online and being open for people to come through,” Mr Francis said.

“We received six written offers above the asking range during the expressions of interest process.”

The deal followed a 48-hour negotiation process with the potential buyers, a local family looking to upsize to their dream home emerged to claim the keys.

And they loved the spacious garage, where they are planning to install a golf simulator.

The garage was designed so that the cars inside could be seen from the kitchen.

An interior courtyard provides a pop of greenery.

The house is zoned for Maribyrnong Secondary College and is close to other schools, cafes, Highpoint shopping centres and public transport.

Mr Francis said the vendor, a builder with a passion for high-end and classic cars, had installed a Tesla charger, three-phase power connection and cantilevered door in the garage.

Together with Grove Architecture, the owner incorporated a burnt Japanese timber feature wall, exposed concrete walls, polished-terrazzo concrete, chevron-oak floors and tiles imported from Italy in the house’s build.

The natural-stone fitted kitchen is equipped with an island bench, a treated concrete splashback, gas stove, two ovens, built-in fridges, a dishwasher, butler’s pantry and Zip Tap for automatic hot, cold or sparkling water.

A pink-tiled bathroom is among the three bathrooms.

The strong lines and concrete walls make for an industrial-style home.

Mr Francis said the home could easily host 100 guests for a special celebration.

Young families looking to upsize from areas such as Essendon, Aberfeldie, Moonee Ponds and Ascot Vale accounted for the majority of potential buyers.

Most interested parties had indicated they were looking for a new or nearly-new home, Mr Francis said.

“It should give confidence to builders and sellers to push forward with these kinds of projects and plans, there is appetite for these turnkey and family homes,” he added.

In February, it emerged that a Toorak Italianate mansion named Coonac changed hands for a sum rumoured to fall anywhere between $115m-$150m.

That amount is well above Melbourne’s previous house price record held by the $80.88m purchase of a St Georges Rd, Toorak, home owned by crypto casino boss Ed Craven.

Industry sources have linked Coonac’s off-market sale to Kay & Burton’s Ross Savas and Gerald Delany.