Time is ticking for cashed-up buyers keen to lock in their next trophy home before the summer holidays, with the prestige end of the market recording some record breaking sale results through spring.
According to PropTrack data, every state and territory capital city showed improved price growth last month with the median home now sitting at $964,000.
This Gold Coast estate was among the top sales nationally in October. Picture: realestate.com.au/sold
Although the capital city median is edging towards the million dollar mark, it’s small-change compared to the sky high prices being achieved across the country’s most coveted suburbs.
From a new benchmark achieved in mansion-filled Mosman, to a suburb record for a party pad on the Gold Coast, Australia’s high net worth purchasers are continuing to drop top coin to secure their dream homes.
Here are the top sale results on realestate.com.au in each state in October.
$50m sale sets new North Shore record
Sydney’s North Shore hit a new price record in October when a modern mansion at 3 Kirkoswald Ave in Mosman sold for “about” $50 million after less than a week on market.
The 2235 sqm property last exchanged in 2001 for $6.525 million, before a full rebuild. The former benchmark for the North Shore sat at $43m, set in August on McLean Crescent, Mosman.
The palatial six-bedroom, seven-bathroom residence was listed for the first time. Picture: realestate.com.au/sold
The Susan Rothwell-designed home had buyers circling long before it appeared online in early October, according to agent Michael Coombs.
“This is one of those iconic homes that throughout my career people have asked about buying. I’ve always told them no, now it’s a yes,” he told News Corp prior to the sale.
Positioned on the slopes of Mosman's 'golden triangle', the home looks over The Heads and Balmoral. Picture: realestate.com.au/sold
Coombs, who listed the six-bedroom house with Adrian Bridges from Atlas Lower North Shore said the pair showed more than a dozen qualified parties through the house in only three days.
$40m harbour views
A six-bedroom house with postcard views of Sydney Harbour and the city was the second priciest sale in Australia last month.
What a $40m view looks like. Picture: realestate.com.au/sold
Offered by vendor Jing Wang, the residence at 22a Carrara Rd, Vaucluse sold at private auction in mid October for an undisclosed sum, reportedly for about $40 million. Mr Wang had paid $25.5 million for the property in 2020.
The home has direct access to Hermit Bay. Picture: realestate.com.au/sold
Listed with Peter Leipnik and Alex George of Bradfield BadgerFox, the three-storey residence was marketed with a price guide of $38.5 million. It has a DA in place for an extensive redesign by Xspace, but for now it features a guest suite, five bathrooms, three garages, a large harbour-facing pool and direct access to Hermit Bay in exclusive Vaucluse.
Elegant Bellevue Hill residence rounds out top three
A historic F. Glynn Gilling designed trophy home, on a 930sqm block in Sydney’s Eastern Suburbs exchanged for close to its $28 million price guide on October 30.
The stately four-bedroom residence at 106 Victoria Rd was listed with Adam Reichman and Ashley Bierman of Ray White Double Bay.
The grand family home sits in Sydney's affluent Bellevue Hill. Picture: realestate.com.au/sold
Owned by Taryn and Doreen Sher, an orthopaedic surgeon, the estate last sold in 2018 for $8.2m.
Mr Reichman said during their ownership, the pair updated the expansive property throughout.
“They’ve done a beautiful renovation while maintaining the Glynn Gilling highlights and character,” he said. “It’s an elegant family residence that perfectly balances timeless character with modern luxury.”
With Sydney again dominating the national top ten list, here's a look at the top sales for each state and territory in October:
Queensland
Topping Queensland’s priciest property list for the month, Rivers Bend at 14-16 Riverbend Ave, Carrara sold for a record $26 million on Halloween, setting a new suburb benchmark.
Agent Michael Kollosche of Kollosche handled the sale, which was listed in July.
The Gold Coast riverfront estate sold for $26m. Picture: realestate.com.au/sold
The show stopping estate is the second highest sale on the Gold Coast this calendar year and includes a five-bedroom main residence, a two-bedroom guesthouse, two swimming pools, a swim-up bar, rooftop pavilion, tennis court, gym, and a 36m water frontage with a pontoon, plus parking for up to 12 cars.
Victoria
A four-level, six-bedroom home in Melbourne’s exclusive Toorak sold in mid-October through Antoinette Nido of Melbourne Sotheby's International Realty and Marcus Chiminello of Marshall White.
Although the price remains undisclosed, sources close to the sale confirm 42 St Georges Rd, Toorak sold within its $19 million to $20.5 million asking range.
The home's impressive temperature-controlled wine cellar. Picture: realestate.com.au/sold
Close to the Yarra River, the modern family home designed by Nicholas Day features imported marble interiors, multiple indoor and outdoor entertaining spaces, a glass-walled six-car garage, gym, home theatre with a bar, a temperature-controlled wine cellar, a solar and gas-heated self-cleaning pool, as well as landscaping by Jack Merlo.
ACT
Sold on October 18 for $5.3 million through Mario Sanfrancesco of Blackshaw Manuka, Waterford is a stately landmark family residence in coveted Forrest.
The grand home is framed by formal gardens, intricate hedging, and ivy-covered walls. Picture: realestate.com.au/sold
The Canberra home at 14 Tennyson Cres has ivy-covered walls and sits on a palatial 1861sqm block framed by impressive formal gardens inspired by the great estates of Europe.
It also has a large heated pool, an imported European fountain, wrought-iron gates, a four-car garage and more than 500sqm of living space over two levels. It is close to Manuka shops, Canberra's CBD and the Parliamentary Triangle.
Western Australia
A 1070sqm riverside estate in Perth’s Mosman Park, sold for an undisclosed sum through Mack and Jim Hall of Mack Hall Real Estate.
When the four-bedroom, three-bathroom residence at 3 Chine Pl hit the market in May this year it was reportedly seeking $20 million.
The home sits in one of Perth's most prestigious enclaves. Picture: realestate.com.au/sold
Owned by property magnate Chiu Chi Wen and his philanthropist wife Wai Mei Chee, the expansive parcel sits on the banks of the mighty Swan River with water and city views overlooking Blackwall Reach.
South Australia
A landmark home dating back to 1926, this Adelaide residence at 27 Ormond Grove, Toorak Gardens sold in late October via Calvin Lai and Eric Jem of Belle Property Norwood.
The 1926 renovated and extended four-bedroom bungalow sits on a sprawling 1596sqm block, including a tennis court. Picture: realestate.com.au/sold
The character-filled five-bedroom house on 1596sqm topped the price list for South Australia last month, however the actual sale price is undisclosed. The highest price paid on the street was $3.55 million in 2023.
Updated and extended in 2014, the family friendly property has multiple formal and informal living areas inside and out, a full-sized floodlit tennis court, and a 16m solar heated lap pool.
Tasmania
A three-level property in Hobart’s Sandy Bay sold in early October after an expressions of interest campaign through Nyal Merdivenci and Leonie Nyhouse of EIS Property.
The price guide for 3/806 Sandy Bay Rd throughout the marketing period was “more than” $4.3 million.
The waterfront home was Tasmania's most expensive sale in October. Picture: realestate.com.au/sold
The rare real estate is one of only a handful of homes with its own boat shed along the River Derwent, and it also features a cinema room with a bar, an integrated study nook, three bedrooms, two kitchens, a spa, gym, multiple balconies and an internal lift.
Northern Territory
Sold for $1.401 million on October 9, this modern Territory “treehouse” was listed with Nick Mousellis of Nick Mousellis Real Estate.
The Darwin home is surrounded by leafy gardens and tropical greenery. Picture: realestate.com.au/sold
9 Macdonald St, Fannie Bay sits on a large 1160sq m block in Fannie Bay, just outside of central Darwin, and was built for the tropical extremes of the Top End. The three-bedroom two-bathroom house has entertaining areas that spill out to the pool, gazebo and landscaped gardens.
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