Record prices have been set in plenty of Melbourne suburbs over the past year.
One recent $40 million deal for a mansion in tree-lined St Georges Road, Toorak, set a new Victorian price watermark.
We take a look at some the record-breaking deals to take place in Melbourne over the past 12 months.
Balwyn – 9 Knutsford Street
An enormous home at a street- L-bend, in one of the eastern suburb’s most revered locations set a Balwyn record when it sold for $8.36 million two months ago. The contemporary five bedroom mansion is on what is known as a “Golden Mile Avenue” – a term marketers and residents use to describe AAA-streets off Mont Albert Road.
Kay & Burton’s Daniel Bradd and Scott Patterson sold 9 Knutsford Street, in a pocket of the suburb known as Deepdene. The holding is near Canterbury’s historic Frognall estate, considered by agents to be one of Melbourne’s most valuable homes (despite having its grounds subdivided by its owners a few years ago).
Brunswick – 11 Heller Street
The Fasham Johnson designed home of Alannah and Madeline Foundation chief executive Leslie Podesta set a price record for Brunswick when it traded for $2.54 million in May. This result was more than $200,000 over 11 Heller Street’s initial price guide.
On 958 square metres, the home includes three living areas and a private guest wing. Close to the Jewell train station and Parkville suburb border, the five bedroom home also has a pool. Jellis Craig’s Broderick Turmaine and Elizabeth Kelly were the marketing agents.
Carlton North – 1032 Drummond Street
A double-storey home on a site described as being on the “Paris end” of tree-lined Drummond Street, traded for $5.25 million in June becoming Carlton North’s most valuable deal to date.
The long-time domain of late architect Peter Corrigan and his partner Maggie Edmond sold against initial price expectations of about $4.4 million. On a large block of 879 square metres, the property is configured with a two-storey studio, established gardens and off-street parking.
A main home includes a library, three living areas and four bedrooms (a fifth bedroom is in the studio which is positioned at the back of the block). Nelson Alexander’s Nicholas West and Charlie Barham marketed 1032 Drummond Street.
Coburg – 35 The Grove
Historic home Ismailia at 35 The Grove – the street regularly revered as Coburg’s best – sold for a record $2.5 million in April after a campaign which targeted house-hunters and developers.
The result pipped what entrepreneur and property developer James Tutton paid for a historic home in the street two years ago (though Tutton’s home, a Victorian, would arguably be worth more, after he undertook a major renovation).
The Ismailia property sits on a 1226 square metre holding and includes two standalone homes offering a total of eight bedrooms.
Eaglemont – 26-28 Eaglemont Crescent
A contemporary home in Eaglemont’s “dress circle” sold for an undisclosed price well over $6 million in February.
The six bedroom home replaced an older-style dwelling purchased for $1.8 million in 2009.
With an enormous internal area of 1250 square metres over four levels, the mansion sits at 26-28 Eaglemont Crescent, a 1430 square metre block. Marshall White’s Kathy Malcolm and Antony Woodley marketed 26-28 Eaglemont Crescent.
Fitzroy – 43 Gore Street
A couple from Boroondara, which covers Melbourne’s prestigious south-east, set a new price watermark in the northern suburb of Fitzroy in June, paying Madman Entertainment co-founder Paul Wiegard $4.9 million for 43 Gore Street.
This result smashed the suburb’s previous $4 million record set when a home at 17 Bell Street sold last year.
Wiegard’s opulently appointed historic home, Fitzroy House, built in 1854, included a modern rear extension. It sold with plans to build a self-contained studio apartment above a garage.
Currently configured with three bedrooms, three living areas and a dining room, the double-storey dwelling is in a row of other heritage homes walking distance to the Gertrude Street shops and Melbourne CBD. Kay & Burton’s Gowan Stubbings marketing the home (pictured left and top).
Gladstone Park -10 Windermere Crescent
A seven figure deal in Gladstone Park, in Melbourne’s north west, may be imminent, following the record $921,000 sale of a renovated home at 10 Windermere Crescent in May.
Five potential buyers competed at the auction for the approximate 370 square metre six-bedroom home on a 725 square metre block. Barry Plant’s Phillip Mercieca sold the home against a $750,000 reserve.
Prahran – Grandview Grove
Glenvill Homes director Len Warson made headlines when he purchased Prahran trophy home, Grandview, for a speculated $9.4 million in September 2016.
The land holding – 1676 square metres – is super-sized by inner-city standards. Rare, too, for Prahran, is a tennis court, which Grandview has beside an established sunken garden. Built in 1895, the six bedroom home with a 17 metre swimming pool was marketed by Kay & Burton’s Nicole Gleeson and Matt Davis. At about the time of this sale, another sale in the street, speculated to be worth more than $10 million, was said to be taking place.
Soon after buying Grandview, Lawson listed for sale another historic home, Stainton, at 80 Clowes Street, South Yarra, which he bought for $7.1 million last April. Highlighting the boom-like conditions in Melbourne’s prestige market over the past year, Warson sold Stainton a few months ago for about $9 million.
Surrey Hills – 16 Tower Street
Zermatt – an architecturally renovated c1914 Chalet-style home – sits at one of the highest points in Melbourne. It traded at a private auction in February for more than $6 million, which selling agency Kay & Burton confirmed set a Surrey Hills record. On a 1515 square metre block at 16 Tower Street, with a tennis court and pool, the main mansion includes five bedrooms, four bathrooms, two studies, home theatre, games room and four-car garage. Judy Balloch and Scott Patterson marketed it.
Toorak – St Georges Road
An off-market deal worth $40 million for an as yet undisclosed mansion in St Georges Road set a Victorian price record three weeks ago.
The previous watermark of $26.25 million was only established last December when Daniel and Danielle Besen sold 9 Towers Road, Toorak. That deal surpassed the $24.1 million Melbourne metropolitan record price paid in June 2016 for another home in the suburb, at 4 Robertson Street.
RT Edgar is behind the latest record-breaking $40 million deal.
Williamstown – 21 The Strand
On the street often regarded as Melbourne’s most valuable west of the city, a home at 21 The Strand sold for a record $6.2 million in July 2016.
It was estimated the part-complete three-level home would be worth more than $8 million when the vendor finished it. The offering, with unobstructed water and city skyline views, was designed with a rumpus room, indoor pool, gym, sauna, cellar and eight car basement garage.
13 Christowel Street, Camberwell
A brand new home at 13 Christowel Street in Camberwell’s Golf Links Estate has a price guide of between $9.5 million and $10.4 million. A result in this stratosphere would comfortably surpass the $7.7 million achieved in 2015 for the historic Clifton mansion, in the suburb’s Tara Estate
Collingwood – 6 Oxford Street
A stunning Collingwood home – for years the St Saviours church – is expected to set a new suburban price record if it sells within its guide price (between $5.8 million and $6.38 million).
The Courtyard House is the work of owner-architect Ilana Kister, who outmuscled commercial developers to buy the large 720 square metre land holding in 2012.
Kister’s home is configured with four bedrooms and numerous living zones. The ex-church is a dramatic open room which could make another living area or a unique playspace, for some lucky child. Nelson Alexander’s Arch Staver and Rick Daniel are marketing 6 Oxford Street.