Coonac, in Clendon Road, Toorak, has become the highest selling house in Australia. Picture: Andrew Henshaw
House price records have tumbled across Melbourne this year as sellers cashed in on returning market confidence.
Lavish waterfront mansions, stately heritage homes and modern masterpieces were among standout properties to set new benchmarks.
The $100m-plus sale of Toorak estate Coonac obliterated the suburb’s $80m record on its way to being crowned Australia’s most expensive house of all time.
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Speculation puts the off-market deal around $115m, though current owners richlister and Essendon Football Club boss Paul Little and University of Melbourne chancellor Jane Hansen are not expected to settle for some time.
Considered among Melbourne’s most illustrious addresses, Coonac is one of fewer than 10 homes in the city believed to be worth $100m or more.
The 1876 20-room home commands more than a hectare of land in the premium locale.
In Brighton, beachfront mansion Teychel eclipsed the suburb’s $31.6m price ceiling in another record-breaking deal brokered mid-year.
Further down the bay, a clifftop mansion in Frankston South beat the previous top sale by a remarkable $6m after trading for $17m in February.
But unprecedented cash wasn’t just splashed at the top end of town, with ambitious new builds hitting new highs across the city.
Award-winning Anthony Larne Constructions built 29 Hopkins St, McKinnon.
McKinnon scored its first $5m sale last month after a competitive campaign for a five-bedroom Art Deco-inspired house designed by Wall Architecture.
Despite falling outside the coveted McKinnon Secondary College school zone, it was a case of built it and they will come for the luxury new home at 29 Hopkins St.
Jellis Craig Bentleigh director Trent Collie said more 200 groups from all over inspected the property.
“It was just you ultimate modern home,” Mr Collie said.
“The back area was as good as its gets with a pool and an outdoor deck and the facade everyone just loved that style.
“A lot of it was the calibre of the home but McKinnon is a pretty sought-after suburb.”
Teychel, 16 Moule Ave, Brighton, is one of the bayside’s most significant compounds.
Teychel, Brighton, $31.6m+
Title documents this year confirmed the sale of the waterfront mansion, which is understood to have beaten Brighton’s previous $31.6m suburb record.
The historic landmark, at 16 Moule Ave, is set on 4500sq m of private grounds on the suburb’s Golden Mile.
Como Toorak penthouses each have private rooftop terraces.
301 and 302/2 Bruce St, Toorak, $20.95m each
Two separate penthouses in Prime Edition’s boutique Como Toorak apartment complex recently sold off the plan for almost $42m combined.
Christie’s International’s Sean Cussell and Marcus Chiminello of Marshall White handed the properties, which both achieved more than $44,000 per internal square metre.
Features include five bathrooms, a seven-car garage with car plate recognition, with one buyer requesting their basement be transformed into a bar and beauty room.
23 Gulls Way, Frankston South, has views across Port Phillip Bay to Melbourne’s skyline.
23 Gulls Way, Frankston South, $17m
This Spanish-style clifftop mansion sold at the top of the asking range in just one week.
The six-bedroom beachside house ‘Villa Ulibarri’ features travertine floors, Chandon marble, hand-stained cabinetry and a gym with an infra-red sauna.
Aqua Real Estate Mount Eliza agent Michelle Skoglund said the purchasers were living on acreage on the Mornington Peninsula but wanted to reward themselves with sea change.
A modern rear extension lies behind the heritage facade of 72 St Vincent Place South, Albert Park.
73 St Vincent Place South, Albert Park, $15.1m
Off-market negotiations saw this renovated period home change hands for a record price in May.
Marshall White’s Ben Manolitsas said the result reflected its standing as one of the finest homes offered in Port Phillip for many years.
54 Park St, Moonee Ponds, comes with a tennis court and pool.
54 Park St, Moonee Ponds, $12.5m
Former Australian soccer player Ivan Kelic scored with the record sale of his six-bedroom house in May.
Whitefox Northside’s Paddy Tilli described the renovated 1889 residence as “arguably one of the number one houses north of the Yarra”.
It occupies a 2284sq m block with Paul Bangay-designed gardens and has a basement level housing a cinema, marble-clad gym and wine cellar.
160-162 The Avenue, Parkville, was surplus to Melbourne University’s needs.
160-162 The Avenue, Parkville, $8.5m
Melbourne University offloaded this landmark Parkville mansion, once home to its vice-chancellor, in May.
Known as Cumnock, the historic Italianate estate was designed in 1889 by Windsor Hotel architect Charles Webb and occupies a 1376sq m corner block directly opposite Royal Park.
Nelson Alexander Carlton North handled the sale.
74-76 Mooltan St, Travancore.
76 Mooltan St, Travancore, $8.2m
The September trade of this striking concrete mansion by Hamilton Marino more than doubled the exclusive enclave’s previous record of $3m.
Behind the period facade, the commercial builder created a bold, industrial style pad with an impressive man cave that includes car display space.
Whitefox Northside director Dylan Francis said it was “hands-down” Travancore’s best home.
62 The Strand, Newport.
62 The Strand, Newport, $7.15m
Buyers looked past the disused swimming pool and unhabitable second dwelling for a chance to unlock the potential of this huge 3502sq m waterfront site on The Strand.
The primary three-bedroom house and city skyline views underscored The Agency, Williamstown’s successful two-month campaign.
37 Newstead St, Maribyrnong, has 60m of park frontage.
37 Newstead St, Maribyrnong, $7.1m
The epic car collector’s paradise with an eight-car garage smashed the Maribrynong record by almost $3m in March.
The five-bedroom home’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.
Whitefox Northside’s Dylan Francis said the property attracted six written offers and soared well above its $5m-$5.5m listed asking range.
The staircase is a work of art at 29 Hopkins St, McKinnon.
29 Hopkins St, McKinnon, $5.065m
An arched entrance into a dramatic double height void with a sculptural staircase set the tone for this lavish Art Deco inspired pad.
A swimming pool with a water slide and Goalrilla basketball hoop helped the Wall Architecture-designed house corner the family market.
2 Grange Ave, Plenty.
2 Grange Ave, Plenty, $3.775m+
This showstopping resort-style home tested Plenty’s luxury market when it hit the market for the first time earlier this year.
The buyers clearly saw value in six-bedroom design and resort-like vibes, which were showcased on Open Homes Australia.
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