Melbourne has claimed the most expensive home sale in Australian history.
A Toorak estate sold for between $115m and $135m.
That result now leads the national Top 20 home sales of 2025.
For the first time, Melbourne sits at number one.
A Defining Year at the Top End
The combined value of the Top 20 home sales exceeded $1.1bn.
That figure is more than 10 percent higher than last year.
Entry to this list now starts at $42 million and only 12 months ago it was $30M
This is positive. But note this point. Parts of the luxury market remain price sensitive.
Homes with meaningful land size perform best. Several Melbourne homes priced $10–30M sit idle in South Yarra, Toorak, and Hawthorn. Many have been listed for six to nine months and are potentially close to changing agents. You can see our Director & Senior Buyers Agent Andrew Date’s commentary in the media here Learn More
The 20 Highest Home Sales in Australia for 2025
1. Coonac, Clendon Rd, Toorak – $131m–$150m
Historic Italianate mansion on one hectare. Pool and tennis court. Off-market.
2. 14 Tivoli Ave, Rose Bay – $82.5m
Waterfront estate on 1,138 sqm. Sydney’s top sale for the year.
3. Lansell Rd, Toorak – $80m+
Double allotment. Bought by Chemist Warehouse co-founder Jack Gance.
4. Crown Tower Penthouse, Barangaroo – Sub $80m
849 sqm over two levels. The highest completed apartment sale in Australia.
5. 11 Coolong Rd, Vaucluse – About $62m
Five-bedroom waterfront. Strong early spring demand.
6. 10–12A Victoria Rd, Bellevue Hill – $59m
House plus vacant land. Strategic compound expansion.
7. 38 Vaucluse Rd, Vaucluse – $56m
Harbour views. Purchased for knockdown rebuild.
8. 69 Wolseley Rd, Point Piper – $55m
Four-bedroom trophy home. Harbour frontage.
9. 12 Dumaresq Rd, Bellevue Hill – $54.6m
Architect-designed residence. Sold after major repricing.
10. Lansell Rd, Toorak – $50m
Besen family estate. Longstanding Melbourne landmark.
11. 3 Kirkoswald Ave, Mosman – $50m
Susan Rothwell design. North Shore record.
12. 69 Victoria Rd, Bellevue Hill – $50m
Period mansion on 1,714 sqm. Fully renovated.
13. 78 Kambala Rd, Bellevue Hill – $48.5m
Sold ahead of the international campaign.
14. 19 Kent Rd, Rose Bay – $45.1m
Private auction. New auction benchmark.
15. 45 Kambala Rd, Bellevue Hill – $45m
Rebuilt home with a tennis court and a pool.
16. 4 McLean Cres, Mosman – $43.5m
Waterfront reserve at Chinaman’s Beach.
17. 28 Victoria Rd, Bellevue Hill – $43.46m
Private neighbour-to-neighbour transaction.
18. 16 March St, Bellevue Hill – $43m
Recently completed resort-style residence.
19. 49 Coolawin Rd, Northbridge – $42.75m
Largest waterfront landholding in the suburb.
20. 26–27 Olola Ave, Vaucluse – $42m
2,266 sqm block. Long campaign, strong result.
Melbourne’s Role in This Shift
Melbourne secured three Top 10 positions. All were discreet.
Toorak remains the country’s most tightly held prestige suburb.
Large land parcels and legacy homes drive long-term value.
Interstate and global buyers are active. They see relative value and upside, especially when the land component is over 1,000 m+.
What This Signals for the Market Ahead
The ultra-prestige segment is active, but not all segments are flying.
Off-market will continue to dominate above $20m. Public campaigns and multi-list sales will remain the exception, not the rule.
At the very top end, Melbourne has arrived.
Our clients consistently say we’re the best decision they made in their property journey. Read our reviews on LinkedIn and Google to see why.
Industry Insider Property
Level 3, 489 Toorak Road, Toorak 3142
+613 8374 7652
+613 402 346 810
industryinsider.com.au
