Australia’s ultra-wealthy continue to rewrite the property record books, with staggering home sales across the country reflecting the high stakes of luxury living. From historic harbourside mansions in Sydney to grand estates in Melbourne’s elite Toorak, these residential deals — some exceeding $100 million — highlight the elite’s appetite for opulence.
Here are Australia’s most expensive residential property sales to date, including a few notable state records:
1. One Sydney Harbour Penthouse, Barangaroo South NSW – $140 Million
Setting the national benchmark, this off-the-plan, three-storey penthouse offers 1600sq m of luxury living, complete with private rooftop, pool, spa and gym. The sale also smashed records at over $100,000 per square metre.
2. Coonac, Toorak VIC – $130–$150 Million (estimated)
Essendon FC boss Paul Little and academic Jane Hansen’s stately estate reportedly changed hands for up to $150m, placing it in close contention for the national record.
3. Uig Lodge, Point Piper NSW – $130 Million
Atlassian billionaire Scott Farquhar and wife Kim Jackson purchased this Point Piper mansion in 2023 — one of Sydney’s grandest sales ever, built in 1900 with panoramic harbour views.
4. Elaine, Point Piper NSW – $130 Million
Previously purchased for $71m in 2017 by Farquhar, the mansion was later resold in 2024 for $130m, doubling in value within seven years.
5. Fairwater, Point Piper NSW – $100 Million
Once home to Lady Mary Fairfax, this 8000sq m estate was acquired by Mike Cannon-Brookes in 2018 and remains one of Australia’s most iconic waterfront residences.
6. Edgewater, Point Piper NSW – $95 Million
Purchased during the pandemic, this historic waterfront estate with a 40m harbour frontage was previously owned by retail tycoons Joseph Brender and Sam Moss.
7. Rockleigh, Point Piper NSW – $85 Million
This off-market 2024 sale set a new benchmark for Wolseley Rd. Originally bought for $325,000 in 1978, its transformation to an $85m residence reflects Sydney’s skyrocketing prestige.
8. ‘Ghost Mansion’, Toorak VIC – $80,000,088
Cryptocurrency casino mogul Ed Craven made headlines with his eccentric $80m+ purchase and plans for a futuristic mega-mansion, complete with a 220sq m basement gym.
9. Alcooringa, Bellevue Hill NSW – $80 Million
Renovated extensively by food blogger Stephanie Conley-Buhre, this opulent home includes three kitchens and an internal pool, fetching $30m more than its previous purchase price.
10. Boomerang, Elizabeth Bay NSW – $80 Million
A heritage gem that featured in Mission Impossible 2, this Spanish Mission-style mansion set a new record once again in 2024.
Western Australia:
43 Saunders St, Mosman Park – $57.5 Million
Mining mogul Chris Ellison bought this Swan River estate from heiress Angela Bennett in 2009 — WA’s record still stands.
Queensland:
Jefferson Lane & Fourth Ave, Palm Beach – $40 Million
Fashion entrepreneur Lucy Henry-Hicks and partner Mitchell Lau purchased three beachfront titles from ex-AFL star Tony Smith in 2024.
South Australia:
70 Pennington Tce, North Adelaide – $13.5 Million
Sold in a secret deal, this four-bedroom luxury residence now holds SA’s highest-ever sale price.
Tasmania:
10 Howrah Point Court, Howrah – $8.533 Million
A waterfront mansion sold to a young family in 2022, boasting a tennis court, guest homes, and over 1 hectare of prime land.
Northern Territory:
108 East Point Rd, Fannie Bay – $8.5 Million
Breaking the NT’s residential record in 2022, this luxury home offers bay views, a home cinema, lift, and basement parking for six.
