Australia’s most expensive house in 2024 sold for an incredible $51.5 million, and that astronomical sum bought incredible views of the Sydney Harbor Bridge and Opera House.
Briana and Ben Voltz, The co-founder of Melbourne-based e-commerce marketing technology company Rokt bought the eight-bedroom, six-bedroom Federation home in Point Piper in March.
The Wolseley Road mansion, built in 1904, was previously owned by racehorse breeder Tom Magnier.
The mansion cost 51 times the price of a typical house in the capital and 2,710 times the price of the cheapest house in Australia which sold for $19,000.
The property is just a short walk from former Prime Minister Malcolm Turnbull’s home on Wunulla Road, and was one of five homes in Sydney’s eastern suburbs to make the list of Australia’s top 10 most expensive real estate properties in 2024.
Sydney’s Mosman and Palm Beach had two other locations, along with Melbourne’s Toorak, plus Noosa and the Gold Coast in Queensland.
The domain’s head of research and economics, Nicola Powell, said buyers of Australia’s most expensive real estate were generally not too worried about high interest rates as they generally want water views no matter the cost.
“The prices are eye-watering – when you get to this kind of price, the performance of these properties is not influenced by the cash rate,” he told Daily Mail Australia.
The most expensive house in Australia in 2024 was 142 Wolseley Road in Point Piper, which sold for $51.5 million.
‘They always tend to be the eastern suburbs of Sydney, with some also in Melbourne, such as Toorak.
‘It shows the premium nature of some of these beachfront locations where the properties are highly sought after, they are very unique and there are a limited number of these types available and that is why they continue to command such eye-watering prices.
“It’s all about location and there are a limited number of houses that also have those prime views – if you’re looking at the Opera House or the Harbor Bridge, that just adds to the value.”
But Australia’s second most expensive property had no sea views after a house in Toorak sold for $40 million in February.
The park-style mansion with five bedrooms, five bathrooms, a tennis court and city skyline views last sold for $23.3 million in 2014.
The second most expensive house in Australia was located in Toorak, Melbourne, and sold for $40 million.
This Rose Bay home on Rawson Road sold for $38.5 million in July
A Vaucluse home on Wentworth Road sold for $31.75 million in September, just six years after selling for $19.6 million.
Meanwhile, the next five most expensive homes were in Sydney.
Lowes menswear co-owner Jeffrey Mueller purchased a $38.5 million property on Rawson Road in Rose Bay in July.
The property has five bedrooms, five bathrooms and a four-car garage with panoramic views of the Harbor Bridge and city skyline from the dining room and kitchen.
A Vaucluse home on Wentworth Road sold for $31.75 million in September.
Mei Peng, wife of Chinese mining executive Zhian Zhang, bought a house on Wentworth Road in Vaucluse for $31.7 million in September.
The property, with five bedrooms, four bathrooms, a parking space for 12 cars and views of the Harbor Bridge and Opera House, last sold for $19.6 million.
On nearby Fitzwilliam Road, also in Vaucluse, a four- and five-bedroom house with a private jetty sold for $30.38 million.
Across Mosman Harbor on Sydney’s north shore, ZRL Capital director Enquan Zhen bought a six-bedroom house with seven bathrooms and a five-car garage, sold for $30 million in March.
Home care mogul Jon Kontopos bought a five-bedroom, four-bathroom home with a four-car garage just meters from Rose Bay beach for $30 million in April.
On nearby Fitzwilliam Road, also in Vaucluse, a house right on Sydney Harbor but without views of the famous bridge and Opera House, sold for $30.38 million.
Across Mosman Harbor on Sydney’s north shore, a six-bedroom house with seven bathrooms and a five-car garage sold for $30 million.
With the same money (30 million dollars) he bought a house with five bedrooms, four bathrooms and a garage for four cars in Rose Bay, a few meters from the beach.
A four-bedroom, four-bathroom home with its own canal jetty in Noosa Heads on Queensland’s Sunshine Coast also sold for $30 million in May.
Gold Coast made the list in ninth place with a four-bedroom, four-bathroom home with a six-car garage that sold for $28 million in February to billionaire mining magnate Clive Palmer and his wife Anna.
Palm Beach, on Sydney’s northern beaches, rounded out the top 10 with a six-bedroom, six-bathroom home with space for four cars that sold for $26.5 million in June to car dealer Paul Warren.
The Pacific Road house at the south end of Palm Beach overlooks the Pacific Ocean and the Barrenjoey Lighthouse.
At the other end of the property spectrum, Australia’s cheapest properties sold in 2024 were nowhere near the ocean breeze and cost the same as a used car.
This four-bedroom, four-bathroom home in Noosa Heads also sold for $30 million
Gold Coast made the list in ninth place with a four-bedroom, four-bathroom home in Mermaid Beach that sold for $28 million in February.
Palm Beach, on Sydney’s northern beaches, made the top 10 with a six-bedroom, six-bathroom home selling for $26.5 million in June.
The outback opal mining town of Andamooka, population 262 and located 600 kilometers north of Adelaide, was home to the country’s cheapest house in 2024.
A one-bedroom, one-bathroom corrugated iron and stone house, located on a 22,000-square-foot lot, sold for $19,000 in August.
The silver and zinc mining town of Broken Hill, in far western New South Wales, was home to the second-cheapest property: a three-bedroom house sold for $40,000 in November.
And a four-bedroom house in Coolgardie, 560km northeast of Perth, came in third place after selling for $56,000 in early 2024.
Australia’s cheapest house for 2024 sold for $19,000 and was located in the outback opal mining town of Andamooka, 600km north of Adelaide.
A three-bedroom house sold for $40,000 in November in Broken Hill, in far western New South Wales, was the second cheapest house in 2024.
This four-bedroom house sold for $56,000 in Coolgardie, 560km north-east of Perth, was the third cheapest property