One of the most discussed years of the past decade and one of significant records, 2019 saw the housing market experience a continuing tumultuous housing correction with housing turnovers falling to record lows as well as RBA cash rates falling to their own record lows. Following this, the second half of the year saw a rapid rebound of housing values in across the major markets, bucking many pundits’ expectations and making 2020 a much harder year to predict for real estate prices. According to CoreLogic data, Melbourne’s bayside suburb of St Kilda alone saw a 12-month change in dwelling values of 19.6%, indicating just how extensively the market was in flux across the year.
There were no shortage of eye-wateringly luxurious homes for sale in 2019, with Sydney’s Darling Harbour sporting the highest median value of $6,510,379. But there were plenty of other city suburbs in NSW and across Australia that saw seriously high numbers. Here are some of the most expensive homes sold in 2019.
51 Bradleys Head Road, Mosman NSW 2088 – $9,050,000
This Sydney harbour home attracted a staggering price of just over $9 million when it was sold in late 2019. Stunning views over the harbour from Mossman were no doubt a major drawcard for the price, as the relative size of the home (4 bedrooms) indicates that location and land size counts most when it comes to fetching a good price.
25 & 25A Beach Road, Collaroy NSW 2097 – $7,625,000
Not far off from the previous price tag, this 6 bedroom 5 bathroom property on Sydney’s North Shore calls one of Australia’s most sought-after locations its home, with stunning manicured gardens, a separate self-contained cottage, modern finishes and a clean and elegant beachside design.
12/12 Onslow Avenue, Elizabeth Bay NSW 2011 – $9,750,000
The second-most expensive home in the list goes to this 5 bedroom, 3 bathroom penthouse apartment right in the centre of Sydney in the historic suburb of Elizabeth Bay. It all comes down to those northeastern views over the harbour as well as tasteful renovations made by designer Tonka Andjelkovic to the period era home inside the 1920’s Darnley Hall. The property was bought by one of Azimuth Security’s founders, Mark Dowd. The property failed to reach its $11 million price tag that its vendors wanted, selling for $9.75 million after it was last sold nine years earlier for $8.1 million
5 May Street, Deepdene VIC 3103 – $5,680,000
In the verdant lush surrounds of Melbourne’s east, this 5 bedroom, 6 bathroom home in Deepdene fetched a hefty $5.68 million when it was sold in late 2019. A French Provincial design, the spacious elegance of this property is a quintessential feature of so many luxury homes in Deepdene and its surrounding suburbs, with its own wine cellar, sauna and lap pool giving its new owners no reason to ever leave.
7 Wrixon Street, Kew VIC 3101 – $6,650,000
The undulating streets of Kew are no strangers to jaw-dropping market results, with the median sale price of homes currently sitting at approximately $1.8 million. This 5 bedroom, 5 bathroom palatial property just off Barkers Road was sold by Marshall White for $6.65 million.With unimpeded views of Melbourne’s city skyline, it’s easy to understand why this was scooped up for such a price.
The Penthouse, Port Melbourne VIC 3207 – $16,000,000
Okay, this is the big one, and for an apartment not a freestanding property. ‘The Penthouse’ in Port Melbourne is like nothing else, with an incredible design overlooking Port Phillip Bay, was built by renowned property developer Elias Jreissati and was finally sold after being listed four years prior. The property was bought by a foreign investor, with a stamp duty cost estimated at $2 million alone.
39 Witta Circle, Noosa Heads QLD 4567 – $7,550,000
In the heart of Noosa Heads is this 5 bedroom home, which has been lucky to have experienced, alongside its neighbours, average annual value growth of 15%, so it is no surprise that it fetched a price of $7.55 million when it was sold in December. Enjoying extensive renovations, the home features an infinity pool that seems to melt into the calm waters of the river beyond.
1A Yacht Street, Southport QLD 4215 – $7,000,000
Sold in the middle of 2019, this 5 bedroom, 4 bathroom home on the northern suburbs of Queensland’s Gold Coast, this $7 million property enjoys its own private sandy beach – which is every Australian’s dream (and if they disagree, they’re lying.) Manicured gardens and every modern luxury you could imagine put this home’s neighbouring properties to shame and leave no surprises why it fetched the price it did.
16 Parklane Terrace, Paradise Point QLD 4216 – $6,300,000
Sold earlier in 2019, this Paradise Point home just off South Stradbroke Island featured its own home theatre, infinity edge pool, 9-person elevator and a staggering six bedrooms and six bathrooms. More Hollywood than north Goldcoast, the stylish geometric exterior is offset by a classical modern design inside, with typically stunning views for this neighbourhood of luxury islands.
6/5 Pavilion Street, Queenscliff NSW 2096 – $6,100,000
Finishing off the list is this mouth-watering 3 bedroom apartment in Queenscliff, NSW. Despite all the modern amenities, luxury finishes, sleek interior design and top-of-the-range…well…everything, in the end it comes down to those views. A constantly swirling, shifting portrait of the Pacific Ocean was obviously all it took to get this property up to $6.1 million.