Record Price for a Melbourne House Smashed For the Third Time in Four Months

Mr Stamoulis is expected to demolish the existing federation home to build a new home – however the site could make way for several new homes, and/or a medium density development.

Indeed the Baillieu family sold off a large chunk of the family home’s former yard, which developers replaced with houses, townhouses and apartments.

Late last year a home in Shakespeare Grove Hawthorn sold for about $20.5 million (which may have included an elaborate furniture and art package), breaking a record set weeks earlier, when an Orrong Road Toorak property sold for about $19 million.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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