The top five most astonishing property sales of FY23

In fact, when it comes to homes above $15m, there are plenty of buyers and just not enough stock, agents say. Ultra-luxurious turnkey properties with nothing left to do are in particular demand among busy jetsetting professionals.

The top 10 sales that appeared on realestate.com.au this past financial year were mostly spruced up homes ready to enjoy, selling for eye-watering prices that would make most of us feel giddy.

Five of the homes were in Sydney’s Eastern Suburbs, two were on the city’s Northern Beaches, two were in Melbourne’s Toorak, and one was in the Byron Bay hinterland.

These five achieved the highest prices:

1. 294 Picadilly Hill Road, Coopers Shoot, NSW

Sold in April for $37,000,000

This secluded off-grid estate covers 48 hectares, enjoys views across the Byron Bay hinterland to the ocean, and was once a $67,000-a-week holiday rental for the likes of actors Liam Hemsworth and Nicole Kidman.

Located in the Byron Bay hinterland, ‘The Range’ is constructed from sustainable materials. Picture: realestate.com.au


‘The Range’ was also home to Oroton fashion empire heir Tom Lane and his wife Emma, who lovingly transformed the property after paying $3.8m in 2017. The Lane’s sold up in April and moved to the NSW Southern Highlands to be closer to family in Sydney.

“It was a really emotional sale because Emma loved it,” said Agent Kim Jones at Kim Jones Property.

“She put her heart and soul into the house, which they based on a house they had in Spain.”

The sumptuous yet rustic six-bedroom estate with separate accommodation buildings is constructed from natural, sustainable and recycled materials.

Roof beams hail from a bridge in Goulburn and 300-year-old terracotta floor tiles from a Croatian roof, while wood from the original house features in the kitchen and bathrooms.

Enticing features include a sunken lounge surrounding a stone fireplace, a 15m infinity mineral pool, an outdoor cinema, an amphitheatre fire pit, and an infra-red sauna and gym. There’s even a macadamia grove and a private koala precinct.

The sunken lounge is just one of many features throughout the home. Picture: realestate.com.au


Ms Jones said competition for the property was fierce among Australian buyers who were returning home after living overseas.

“I had about four strong bidders that competed over the $30m mark.”

She wouldn’t reveal the identity of the buyer but confirmed it wasn’t tech entrepreneur Benjamin Bray as previously rumoured.

Ms Jones said buyers were enticed by the privacy, the view and the ethos around the property being off-grid.

“Sustainability was really important to all the buyers, which shows a real shift in mindset.”

2. 1-3 Amiens Road, Clontarf, NSW

Sold in May for $32,180,000

Bright and bold, this monolith of concrete and right angles from the 1960s casts an imposing presence on the shores of Sydney Harbour.

‘Portovenere’ estate makes a grand harbourfront statement. Picture: realestate.com.au


But inside, the striking modernist style of ‘Portovenere’ in Clontarf has been softened by European marble and Savadi timber interiors flowing to sprawling sandstone terraces.

The seven-bedroom, eight-bathroom estate on 3,015sqm was reportedly built by Franco Belgiorno-Nettis, art patron and co-founder of construction and engineering firm Transfield, and his wife Amina.

It offers an elevated podium pool, a basketball court, a mini football field, sprawling lawns and private beach access, a cinema and an extensive wine cellar. There’s even staff quarters, a kitchen and a lift.

After Amina’s death, the family sold the home in 2016 for $11m, reportedly to Cambodian couple Madina Phara and Mongkol Phara.

All the new buyers need to do is move in and enjoy everything the home has to offer. Picture: realestate.com.au


It was listed twice in 2022 but failed to sell, eventually selling in May to an overseas buyer who snapped up the trophy home — including its Versace furniture — with cash, according to agent Jad Khattar at Black Diamondz Property Concierge.

Mr Khattar wouldn’t reveal the identity of the buyer but said at this price point, a finished product that’s ready to enjoy is hard to find.

“A lot of people don’t want to build, don’t have time to build. At this property, everything has been done. It’s perfect.”

3. 5 Yar Orrong Road, Toorak, Vic

Sold in November for $32,000,000

This sprawling estate covering 1,824sqm of exclusive Toorak turf appears like a classic European mansion set behind high sandstone walls and tall iron front gates.

The property features gardens by renowned landscape architect Paul Bangay. Picture: realestate.com.au


Ex-tobacco executive William Webb and philanthropist wife Marijke bought the home for $20m in 2015, before splashing $7m to $8m on an elegant renovation, according to sales agent Monika Tu at Black Diamondz.

Chasse Gardée boasts soaring ceilings, a grand stairwell, French doors and European oak floors and features a cinema, gym and wine cellar, plus stunning gardens and a pool designed by renowned landscape architect Paul Bangay.

With the Webbs relocating to the United States, according to Ms Tu, the property is now in the hands of Melbourne-based English businessman Mark Healey, co-founder of Blue Energy.

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“The buyer loved the quality and the style, and the physical location in Toorak. There are very classic homes here and a lot of buyers in this market segment. Something of top quality will sell,” Ms Tu said.

Healey is son of Eddie Healey, who became a billionaire after transforming a derelict site in Sheffield, Yorkshire, into Meadowhall Shopping Centre, a huge out-of-town retail destination.

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Mark Healey is well known in Victoria’s blue chip property circles. Last March, Healey and his wife sold their sprawling Red Hill South getaway on the Mornington Peninsula for more than $25m. In 2012, they sold their Lansell Rd mansion for $43.1m

4. 53-55 Cranbrook Road, Bellevue Hill, NSW

Sold in February for $30,000,000

This distinguished seven-bedroom estate on 1,252sqm with panoramic views across the harbour and to the ocean has French doors opening to terraces and lush manicured gardens, plus a dual-level guest wing.

‘Monkton’ sold to a local family in February this year after the owners decided to downsize. Picture: realestate.com.au


When ‘Monkton’ went to auction last summer it was standing room only, with four registered bidders battling it out before the home was passed in. It ended up selling the following day to a local family.

Agent Ben Collier at The Agency said the vendors were keen to downsize.

“They’ve been there for just over 20 years and all their kids have grown up and left. They felt it was a good time to let a young family be the next custodian of the home.”

He added that there was huge demand for properties in Bellevue Hill.

“The suburb has one of the deepest demands of all of the markets in the eastern suburbs because of the proximity to schools. And they’re quintessential, family estate-like homes.

“Supply of that type of property is still relatively low compared to demand.”

5. 3 Macquarie Road, Toorak, Vic

Sold in February for $29,500,000

Two minutes’ walk from 5 Yar Orrong Road, the third largest sale of the year, is another home which achieved a staggering sales price.

There is plenty of space to enjoy at this Toorak home, including more than 900sqm under roof. Picture: realestate.com.au


This property was built around 30 years ago by renowned Melbourne architect Gabor Hubay as his own home, and he’s pulled out all the design stops.

The proportions are vast and encompass five grand bedrooms, a downstairs breakout zone, a gym, cellar and basement parking for four cars, while a main lounge surveys the rolling lawns.

Agent Michael Gibson at Forbes Global Properties said it ticked plenty of boxes for high-end buyers.

“This primarily single-level property has beautiful proportions and beautiful western light. It has a tennis court, pool and a triple A location.

“There were two strong bidders for it.”

Mr Gibson said many high-end homes require substantial renovations, which wasn’t the case with 3 Macquarie Street.

“The buyer could walk in and not have to do anything.”

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