Toorak Mansion Breaks Australian Property Record with $150M Sale
Melbourne has just made history in the luxury property market! The stunning Toorak mansion, Coonac , has officially become the most expensive residential property ever sold in Australia, fetching an eye-watering $150 million . This sale has surpassed the previous national house price record by a massive $20 million , solidifying Melbourne's position as home to the country’s most exclusive real estate.
Also Read:- Is Gen Z Changing Bar Culture for Better or Worse?
- Ireland Faces Another Murrayfield Battle in Six Nations 2025
Now, let’s talk about the home itself. Coonac is no ordinary mansion—it’s a grand Italianate estate that dates back to 1867 . Nestled in the prestigious suburb of Toorak , this landmark property is regarded as one of Victoria’s finest homes. It has been owned by none other than billionaire property developer and former Toll Holdings boss, Paul Little , and his wife Jane Hansen , a well-known businesswoman and the Chancellor of the University of Melbourne .
While details of the buyer remain undisclosed, the sale was executed in a low-key, off-market deal , reflecting the ultra-exclusive nature of this transaction. It’s a rare occasion when a property of this magnitude changes hands, and this record-breaking price tag is a testament to Melbourne’s growing dominance in Australia’s luxury real estate market.
For years, Sydney has been the epicenter of Australia’s high-end property scene, but this sale proves that Melbourne is catching up—if not taking the lead. Toorak, long considered the Beverly Hills of Australia , is known for its opulent homes, elite residents, and blue-chip property values. However, $150 million for a single home? That’s on another level!
This milestone sale reflects not just the exclusivity of Toorak, but also the increasing demand for premium properties in Melbourne’s most coveted locations. Whether this trend continues remains to be seen, but for now, one thing is clear—Coonac has set a new benchmark in Australian real estate history.
Read More:
0 Comments