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Age was more than just a number at three extraordinary Sydney auctions this weekend, while stage four lockdowns continued to keep most Melbourne bidding on hold.

A rise in scheduled sales in the Harbour City saw some “standout results” coming in well above reserve, including a four-bedroom Cronulla home that sold for $2.21m – $210,000 above expectations.

Latest realestate.com.au auction data shows New South Wales has a clearance rate of 80% for the week to date, while Victoria’s preliminary clearance rate currently stands at 70%.

Here’s what happened in the auction capitals this weekend.

A historic Woollahra home was well presented but considered a “fixer upper” because of the scope for improvement.

Sydney

COVID-19 uncertainty failed to deter bidders from putting in multimillion-dollar offers for a historic Woollahra house, on Saturday, owned by former Colorbond chief John Lysaght, aged 91.

The character-filled home on Harkness St with harbour views sold under the hammer for $5.71m after attracting 11 registered bidders.

Mr Lysaght had lived at the home more than 30 years and was downsizing to Rose Bay. He reportedly watched the auction from his car to ensure social distancing, away from the crowd.

The Juno Parade property has five one-bedroom homes on it.

In Sydney’s south-west, an eight-year-old boy stunned bidders and onlookers at an auction this weekend by joining in – and eventually securing the winning bid.

He bought a cluster of five one-bedroom studios in Greenacre for $970,000, beating out competition from six other registered bidders.

The boy was unable to directly buy the property because of his age, but his property developer father purchased the investment properties for him.

On the other end of the spectrum, a 100-year-old St George resident got a generous birthday present with the bumper sale of her home of 80 years.

The Bexley house today, which sold for $1.17m.

Beryl Mackie had been living at Shaw St, Bexley since she got married in 1942 and only moved out a few months ago.

Her late husband paid about 1000 pounds for the three-bedroom house in 1938 and it sold under the hammer yesterday for $1.17 million.

For more Sydney auction coverage, read here.

Melbourne

While the ban on inspections in stage four lockdown has dramatically reduced the number of Melbourne auctions, some proactive sellers forged ahead and reaped rewards online on Saturday.

The dated home at 12 Stott St, Preston, has structural issues.

Several homes in the northern suburbs smashed their reserves in a quiet Saturday of auction action, including a rundown house in Preston that sold $190,000 above expectations.

The three-bedroom house at 12 Stott Street sold for $950,000, despite needing structural attention.

Stockdale & Leggo Reservoir agent Aldo Verga said a lot of the buyers were looking to demolition and rebuild, which removed the roadblock of being unable to inspect the property during lockdown.

Nearby in Coburg, an impressive renovation at 63 Bruce Street achieved a premium sale price of $1.815 million for vendors Lillian and Daniel Skinner, soaring $115,000 above reserve.

63 Bruce Street, Coburg. Picture: realestate.com.au

The pair had “literally three days to get everybody that was interested through the house” before stage four rules were enforced, Ms Skinner said.

At a press conference this morning, Victorian Premier Daniel Andrews said he understood the “frustration” surrounding lockdown restrictions on real estate businesses and transactions, but would not consider reclassifying it as an essential service.

“The chief health officer has made it pretty clear that we’ve got to drive down movement – and I know it’s very, very difficult and it’s frustrating,” Mr Andrews said.

“I get a lot of people come to me with very well argued cases, and it’s not just businesses who are concerned about their profits, they’re businesses who are concerned about their people. I absolutely get that.

“But we’ve got to fix this. Any benefit that might be there for a few weeks, well that will be washed away if this doesn’t work.”

Read here for more Melbourne auction coverage.

The post Weekend auctions: ‘Standout’ results in Sydney as Melbourne holds fort appeared first on realestate.com.au.

Cliff diving’s not so scary when you know what’s at the bottom. Supplied

Cliff diving is one of those pastimes that can easily prompt participants to soil their pants.

Hurling oneself off a cliff into water far below is terrifying, and has some parallels with the financial fears many Australians face right now. Cliffs and diving are two words that have been popping up frequently this year, often around real estate.

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We’ve been told that Australia’s economy is heading for a financial cliff when government subsidies get cut back from September. Home loan repayment holidays were also set to stop in September but banks have extended them to March for customers still suffering a cash crunch.

We’ve also been told that property prices could dive by 30 per cent, although these were among worst-case scenarios among forecasters who also said a 10 per cent fall was more likely. The recent second wave of coronavirus that’s crashed mainly on Victoria has given more ammunition to those with a negative view, but it’s pointless to panic too much about property prices right now.

National Personal Finance Writer Anthony Keane.

The latest CoreLogic data shows Adelaide home values have increased since COVID-19 intensified in late March and are up 0.7 per cent since then. And they’re up 2.4 per cent over the past 12 months.

CoreLogic says Adelaide traditionally performs well during economic shocks, helped its proportion of investor-owned housing of 28.9 per cent by being below the national average of 34.5 per cent. We could still see a price fall in the coming months, particularly if the COVID situation worsens in Victoria and New South Wales or even – gulp – here, but the scary dives forecast by some appear far-fetched.

The Federal Government is doing everything it can to prevent a financial cliff, throwing hundreds of billions of bucks at the economy through wage subsidies, business assistance and a pile of other handouts.

Its recent extension of JobKeeper and JobSeeker beyond September – albeit at reduced levels – shows it is trying to gradually wean the population off payments rather than use one big swing of a financial axe.

And while Aussies will have a huge national debt to pay off for generations, we’re doing much better than most countries debt-wise, and interest rates as low as 0.25 per cent for government borrowing mean those repayments are affordable. If COVID gets worse, you can expect it to shower more money on us – whatever it takes.

Even if we do suffer a sharp property price fall, cliffs are only dangerous if you jump or fall off them. So be brave, stick to your long-term strategy and wait for home values to eventually recover.

I once jumped off a cliff into Africa’s Zambezi River and survived. My wife did the jump too, but she belly-flopped, broke a couple of ribs and was in pain for a fortnight (don’t tell her I shared this).

Short-term property pain for all of us may be on the horizon, but it will heal in time as Australia remains one of the best countries in the world to live and invest in.

The post Don’t fear the financial cliff appeared first on realestate.com.au.

1 Beaconsfield Parade, Port Melbourne makes a statement.

Two homes in one are on offer at this Port Melbourne landmark offering the best of old and new-world living.

Most of the waterfront wonder at 1 Beaconsfield Parade was restored to reflect its Victorian heritage by its vendor, Circa Property developer Michael Stokie, who has $4.5-$4.95m price hopes.

He also created a second self-contained residence with its own kitchen, dining and living space, which offers a far more contemporary look.

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Transport back in time with Victorian heritage style.

An enclosed balcony with panoramic bay views.

Mr Stokie said the property was a “dump” before the complete transformation, where he added old-world wallpaper, marbled columns, chandeliers and gold leaf finishes to the traditional section of the home.

“Everything in the place is brand new, from the floorboards, plastering, skirtings and mantelpieces,” Mr Stokie said.

“It didn’t take long to do that work, but it took nearly 12 months to paint the wallpaper and to do all the gold leaf.”

A traditional study is in the traditional section.

Wallpapering took 12 months during the restoration.

He said he had enjoyed being able to shift between two eras inside the one building during the past 20 years, but it was now time to downsize.

“I used to live in both parts of the house, then I lived in just the modern section for a while, but when I got sick of that I lived in the Victorian part,” Mr Stokie said.

Kay & Burton Bayside agent Melissa Grinter said the five-bedroom, three-bathroom home was an instantly recognisable landmark for residents in the area.

The more modern abode found inside.

Choose what era you live in.

“There’s not many Victorians along there … inquiry has already been massive from people ringing up saying they’ve always known the house,” Mr Grinter said.

“You could live in the Victorian and close off the door to the separate residence and rent it out, which is another appeal.”

The traditional formal lounge room is a highlight.

An elegant main living room, timber kitchen with Miele appliances, a lift to all four floors of the home and a spa at the rear were highlights of the property, she said.

Panoramic views of the bay from a glass-enclosed veranda were also hard to beat.

Expressions of interest close on August 31.

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The post Beaconsfield Pde, Port Melbourne landmark is two homes in one appeared first on realestate.com.au.

Auctioneer Andrew Cooley at the sale of a Cronulla property for more than $200,000 over reserve.

About two thirds of the Sydney properties that went to auction last week sold successfully and many vendors got prices above their reserves despite the tense economic conditions.

Research group CoreLogic reported a weekly clearance rate of 67.8 per cent based on 549 declared results. There were a total 668 auctions.

The median price of houses sold under the hammer was about $1.4m, while the median price for units sold at auction was just shy of $890,000.

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Among the standout results at auction was for a four-bedroom house in Cronulla, offered for the first time in 50 years.

The property sold at auction on Saturday for $2.21m, $210,000 over reserve. The house on Grosvenor Cr is set on an unusually large block for the area at 841sqm and attracted a mix of developers, upsizers and people looking for a knockdown-rebuild or duplex project.

A Lukes Ln property in Baulkham Hills sold for $95,000 over reserve. Picture: Benson Auctions

Auctioneer Andrew Cooley received an opening bid of $1.9m and bids were placed by three of the six registered parties.

In Oatley, a five-bedroom house on 506sqm sold under the hammer for $1.6m, $50,000 over reserve.

Six bidders registered for the auction of the Mi Mi St home and three submitted ­offers, including an opening bid of $1.3m.

Ray White-St George agent Matt O’Shea and Haydon ­Sacilotto had the listing.

49 Mi Mi St, Oatley sold on Saturday.

Mr O’Shea said more than 65 groups came through the opens. “The highest offer we received prior to the auction was $72,000 less than the under the hammer sale price so that goes to show the value of taking your property to auction.”

In the northwest, the sellers of a 930sqm property in Baulkham Hills achieved a price $95,000 over their reserve after attracting a dozen bidders to their auction yesterday.

The price for the home on Lukes Lane was $1.315m, with the home sold through Guardian Realty agent Sam Dalgliesh.

15 Lukes Lane, Baulkham Hills sold for just over $1.3m.

Auctioneer Stu Benson received 15 bids. “Our opening bidders, a young couple visibly expecting the arrival of a new addition to their family, outlasted all bidders to ­secure the home, and you could tell they had the crowd on their side. It was a real feel good’ result,” Mr Benson said.

In the inner west, a family sold their Marrickville house of 13 years at auction for $1.395m.

Peter Warrington and Rachel Williams had snapped up the three-bedroom house on Scouller St for close to $500,000 back in 2007 and listed the home with a guide of $1.25m.

Six bidders registered for the auction with selling agents Adrian Tsavalas and William Pereira of Adrian William.

Rachel Williams and Pete Warrington, with kids Rosa and Frankie, sold their Marrickville home for higher than expected. Picture: Sam Ruttyn

Ms Tsavalas said the price was above expectation. “Most of the registered bidders were young couples and families and the buyers were a couple upsizing from a unit,” he said.

The opening bid was $1.1m and three of the bidders put in offers. “It was very slow to get started,” Mr Tsavalas said.

“There were close to 40 bids, the bidders were playing a bit of a poker game, they needed social proof before they made offers.”

In nearby St Peters, a four-bedroom house on Grove St sold under the hammer for $1.65m, $50,000 over reserve.

The sellers received an offer of $1.5m prior to the auction but turned it down. There were nine registered bidders and five made offers.

Selling agent Ercan Ersan of Ray White-Erskineville said more than 80 groups inspected the property in the lead up to the auction. “This was a cracking auction,” Mr Ersan said. “It really felt like the good old days with both buyer and vendor confidence flowing.”

The post Sydney real estate: close to two thirds of auctions clear amid rise in scheduled sales appeared first on realestate.com.au.

Don’t judge a book by its cover — and don’t judge a home by its facade. But what if the house itself resembles nothing more than a facade?

In the Chicago suburb of Deerfield, an unusual-looking skinny home has been on the market, and online house hunters have been baffled by its design.

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A bizarre ‘skinny house’ near Chicago has baffled house hunters. Picture: Realtor

The house does widen up as you move through it. Picture: Realtor

The unique home has just sold last week for a bargain US$260,000 (AU $363,700) down slightly from its $269,900 list price.

Standing just 90 cm wide at one end, it has come to be known as the ‘Pie House’ for its wedge-like shape. But it isn’t just the striking listing images that caught onlookers’ attention, but also a TikTok video showing its exterior that went viral, amassing more than 1.1 million views.

The bedrooms are notably wider. Picture: Realtor

While the other is less so…. Picture: Realtor

The listing boasts that the iconic home is larger than it appears, with almost 150 sqm of living space — which also includes a finished basement.

Listing agent Alan Berlow told The Post that three bathrooms are located inside the home’s most narrow end. And though it’s less than one metre in width, looks can be deceiving.

“Behind one of the bathrooms is a little storage area,” he said.

Not as skinny as you’d think. Picture: Realtor

The home has extra storage outside. Picture: Realtor

The home, built in 2003, gradually widens to just over six metres.

“The room sizes are actually fairly normal,” Berlow said of the two bedrooms.

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“The master has a 5.5m width, while the second one is 5m wide, and a staircase anchors the widest end of the home.”

The home has hardwood floors throughout, and the listing boasts of good natural light in most rooms and ‘lots of character’.

Outside the home has been professionally landscaped, and has an outdoor shed.

The median sale price for homes in the area is estimated to be around US$595,000.

A unique home. Picture: Realtor

Parts of this story appeared in the NY Post and were republished with permission.

The post Bizarre ‘skinny house’ near Chicago stuns with bargain sale price appeared first on realestate.com.au.

107 Fitzroy Street, St Kilda was built by Sir John Monash in 1920.

An opulent St Kilda multiplex built by renowned military commander and civil engineer Sir John Monash has hit the market with an eight-figure price tag.

The 107 Fitzroy Street building features a lavish four-storey penthouse, a pair of two-bedroom apartments and a ground-floor retail space, across four separate titles.

It’s on the market with a $10.5-$11.5m price guide.

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Monash, whom Monash University is named after, is known as Australia’s greatest soldier.

The four-year renovation of the multiplex was completed about two years ago.

Monash designed and engineered the building in 1920 for theThomas family, who ran a tailoring business and lived at the property for 60 years.

Described as Australia’s greatest soldier, Monash also worked on the construction of the Princes Bridge and Shrine of Remembrance.

Monash University was established in his name by an act of Parliament in 1958. Monash died in 1931 and was farewelled at a state funeral with 250,000 mourners.

There’s a shopfront on the ground floor.

A four-level penthouse crowns the building.

It’s on the market with a $10.5-$11.5m price guide.

The property’s shopfront would be suitable as a gallery, bar, restaurant, florist or boutique store, Kay & Burton partner Andrew Sahhar said.

The apartments feature oak flooring, custom joinery, calacatta marble bathrooms and marble-topped kitchens with European appliances and integrated refrigerators.

Crowning the building is a four-level, three-bedroom penthouse with a garage, lift, wine cellar, infinity pool and rooftop deck.

The four areas last changed hands for a combined $7.5m two years ago, following a four-year renovation that more than doubled the property’s value, according to CoreLogic records.

There’s an infinity pool.

Plus a rooftop deck. Check out those views!

Mr Sahhar said it had been a worthwhile investment for the owners, who lived in the penthouse and were selling for a sea change.

The vendors got “amazing returns” leasing the retail space to The Block Shop last year, and letting the whole building out during major events like the Australian Open and Grand Prix, he said.

“The current people who are interested are looking at it as a family compound where the parents will live upstairs, older children will have an apartment each and then lease out downstairs for income,” Mr Sahhar said.

“Other people are looking at living in the penthouse and leasing out the apartments and downstairs.”

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The post St Kilda multiplex built by Sir John Monash hits the market appeared first on realestate.com.au.

34 Lakes Crescent, Marrara. Picture: Elders Real Estate

IF you’re on the lookout for a new home or investment in the NT, check out our list of some of the best properties on the market at the moment.

17 Snadden St, Anula

3 bed, 1 bath, 2 car

Auction on Monday, August 24 at 6pm

Contemporary tones beautifully complement the stylish floating floors that feature throughout this fully renovated Anula home, and glass louvre windows capture ample natural light and cooling cross breezes for fresh modern living.

The house-length front veranda enters into an open-plan living/dining area, setting a bright and modern vibe.

The generous renovated kitchen is off the airconditioned living/dining area and there is also a dedicated open study space that’s easily converted into fourth bedroom.

17 Snadden Street, Anula. Picture: Real Estate Central

17 Snadden Street, Anula. Picture: Real Estate Central

17 Snadden Street, Anula. Picture: Real Estate Central

All three bedrooms join the main bathroom and separate laundry off the central hallway.

There are wall-to-wall built-in robes, floating flooring, glass louvre windows and split-system airconditioning units to all three bedrooms.

The renovated main bathroom is immaculately presented in contemporary white.

The separate internal laundry with outdoor access has also been recently renovated and a large built-in linen cupboard provides plenty of storage space.

• Real Estate Central -Sascha Smithett, 0414 909 506 or Karl Secondis, 0455 666 000

34 Lakes Cres, Marrara

3 bed, 2 bath, 2 car

Fastrak

This tropically inspired double storey family residence is set on a generous 869 sqm easement free land allotment in Marrara, backing onto the lush evergreen and seemingly endless Marrara Golf Course.

Immaculately maintained interior and exterior living spaces offer an effortless and relaxed lifestyle over two levels, including two balconies and a full-length undercover entertainment veranda for your enjoyment all year round.

The property has a split level configuration comprising of two bedrooms, main bathroom and living area on the ground level and the master bedroom, ensuite, kitchen, dining and second living area upstairs.

34 Lakes Crescent, Marrara. Picture: Elders Real Estate

34 Lakes Crescent, Marrara. Picture: Elders Real Estate

34 Lakes Crescent, Marrara. Picture: Elders Real Estate

You will also love the uninterrupted, evergreen views from your backyard, and the advantage of having no rear neighbouring properties.

The home is located minutes from local shopping centres, markets, schools, sporting facilities and the airport.

This home is a rare opportunity in the tropics that will not last long!

• Elders Real Estate – Derek Hart, 0409 702 631

56 East Point Rd, Fannie Bay

3 bed, 2 bath, 2 car

Auction on Wednesday, August 26 at 6pm

Upstairs, the timber flooring and soaring atrium timber ceiling of this Fannie Bay property creates an impressive visual feast and gets the imagination flowing.

Magnificent sunsets and ocean glimpses provide the perfect backdrop for alfresco entertaining on the large balcony.

There is a master bedroom with a dressing room, separate bathroom and large balcony to the side of the upper level.

56 East Point Road, Fannie Bay. Picture: Real Estate Central

56 East Point Road, Fannie Bay. Picture: Real Estate Central

56 East Point Road, Fannie Bay. Picture: Real Estate Central

Downstairs, two large tiled lounge areas provide additional living options, or can be easily converted into bedrooms or guest suites.

There are ample paved outdoor areas surrounding the pool, creating plenty of covered alfresco entertaining space beside the fenced in-ground pool.

See this one-of-a-kind home in person to truly appreciate its potential.

• Real Estate Central -Sascha Smithett, 0414 909 506 or Karl Secondis, 0455 666 000

4/7 Philip St, Fannie Bay

3 bed, 2 bath, 2 car

$790,000

Stylish glass louvre windows to both living areas and the master bedroom capture tropical breezes throughout this immaculate designer home in Fannie Bay that presents fresh contemporary living at its absolute finest.

Enter into the ground-floor open-plan living/dining area that features a striking gourmet kitchen with a dramatic designer breakfast bar, high-end appliances and premium cabinetry.

The living/dining area flows onto the paved alfresco terrace where you’ll enjoy five-star resort-style living with plenty of space to entertain beside the sleek in-ground plunge pool.

4/7 Philip Street, Fannie Bay. Picture: Real Estate Central

4/7 Philip Street, Fannie Bay. Picture: Real Estate Central

4/7 Philip Street, Fannie Bay. Picture: Real Estate Central

Upstairs, the second living area with a study nook opens onto a large covered balcony that provides even more alfresco living space.

The impressive master bedroom is located off the upstairs living area and showcases a leafy outlook through a large bank of glass louvre windows.

It also features a large built-in robe and a luxury ensuite.

Two more bedrooms share an immaculate main bathroom.

• Real Estate Central -Sascha Smithett, 0414 909 506 or Karl Secondis, 0455 666 000

15 Curlew Cct, Wulagi

3 bed, 1 bath, 2 car

Fastrak

This beautifully presented and tastefully upgraded Grollo home in Wulagi is split over two levels and has been well-maintained for more than a decade by the current owners, who have taken great pride in creating an environment that showcases warmth and an instant feeling of ‘I am home’.

Set on a 894 sqm block and hugged by beautiful and well-established tropical gardens, you will be charmed by the garden stairway off the driveway that leads to the magnificent entertainer’s deck overlooking the spa area and large rear yard.

This area adds a whole new level of living space, being large enough to accommodate an outdoor lounge, dining table, fridge and barbecue.

15 Curlew Circuit, Wulagi. Picture: Elders Real Estate

15 Curlew Circuit, Wulagi. Picture: Elders Real Estate

15 Curlew Circuit, Wulagi. Picture: Elders Real Estate

These solid built homes are known for their quality and unique slanted high ceilings that not only accentuate the space and openness inside but also have the added benefit of keeping the home naturally cool and inviting for the whole family to enjoy year-round.

This attractive home is perfect for a growing family to spread out and enjoy comfortable living inside and out.

• Elders Real Estate – Derek Hart, 0409 702 631

The post Five top properties for sale in the NT this week appeared first on realestate.com.au.

Beryl Mackie, 100, sold her home of nearly 80 years.

A St George resident who turned 100 years old just days ago got the ultimate birthday present when her home of nearly 80 years sold at auction for $1.17m.

Beryl Mackie had been living at Shaw St, Bexley house since her marriage in 1942 and only moved out a few months ago.

The centenarian’s late husband paid about 1000 pounds for the three-bedroom house in 1938, according to her family.

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Ms Mackie watched the auction on Saturday via FaceTime while in enforced lockdown at a nursing home and had been looking forward to the sale with a mix of excitement and sadness, daughter Sue Hannon said.

“She was very keen to hear how it went,” Ms Hannon said. “She only moved out about two months ago because it was getting a bit hard with coronavirus and the isolation … she is doing well, she still does the crosswords every day.”

THEN: The Bexley home soon after the Mackie family purchased it.

NOW: The Bexley house today.

Ms Mackie recently received the customary letter of congratulations sent by the Queen for those who turn 100.

“We were thinking a good sale would be lovely for her,” Ms Hannon said, adding she had fond memories growing up in Shaw St and remembers when the surrounding area was considered the outskirts of Sydney.

“It used to be the last house on the street, everything after that was bush,” she said.

Ms Mackie was the wife of long-time St George Football Club (now St George Illawarra Dragons) chairman Alex Mackie, who administered the team during its run of 10 consecutive premierships in the late 1950s and 1960s.

The home sold to a young family.

The couple’s strong links to the game meant her recent birthday message from the Queen was not her first experience with the monarch — she had met her at a rugby league match decades before.

The family were hoping before the auction that the home would sell to a young family who could create memories of their own.

“It’s a great house in a really good location, close to the shops. The neighbours are lovely and have lived there almost as long as we have,” Ms Hannon said.

Ms Mackie had to watch the auction from her nursing home due to the COVID pandemic.

The sale was $67,000 over the reserve price and there were six bidders. The buyers were a young family.

Selling agent Marc Gable of McGrath-Brighton Le Sands said the history of the home was appealing for prospective buyers.

“A lot of people saw all the old pictures on the wall and wanted to create their own history,” he said. “The family are stoked. I’m glad we could make Beryl happy.”

The post 100-year-old St George woman gets bumper price for home of nearly 80 years appeared first on realestate.com.au.

Melbourne’s most powerful streets home to rich listers and celebrities — and their multimillion-dollar mansions — have been unveiled.

Buyers really know they’ve made it when they secure a piece of Toorak’s Albany and St Georges Roads, where properties carry eye-watering price tags of up to $80m.

Billionaire trucking magnate Lindsay Fox owns a sprawling mansion valued at more than $40m on Albany Road, which Abercromby’s director Jock Langley dubbed one of Melbourne’s “finest streets”.

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56 Albany Rd, Toorak is the former home to Australia’s Honorary Consul to Monaco Andrew Cannon.

61 Albany Rd, Toorak sold this year for $6.2m

Chadstone Shopping Centre part owner John Gandel’s estate is rumoured to be worth up to $70m on the stretch, where business tycoon Solomon Lew and Australia’s Honorary Consul to Monaco, Andrew Cannon, are also former homeowners.

Andrew Baines & Co director Andrew Baines said only deep-pocketed buyers would be in the running for St Georges Road real estate, where he has listed an unfinished mansion on a huge 7200sq m block worth about $80m, on behalf of developer David Yu.

The exclusive street was previously home to late Prime Minister Harold Holt.

The Stamoulis Mansion at 39 St Georges Road, Toorak. Picture: Aaron Francis

29-31 St Georges Road, Toorak is for sale with an $80m price tag. Source: CoreLogic

It also contains Melbourne’s second priciest house at No. 18, which fetched $38m in 2017, and a vacant 4000sq m block at No. 16, which was listed for $40m last year.

Property developer Harry Stamoulis also famously spent an estimated $70m building his palace at 39 St Georges Road.

Hawthorn’s Shakespeare Grove is also stacked with elaborate mansions, including the nine-bedroom, seven-kitchen Avon Court that’s on the market asking $40m.

Avon Court at 18-20 Shakespeare Grove, Hawthorn.

The incredible property is listed with a $40m price guide.

High-profile sport and entertainment manager Ralph Carr sold his spectacular home on the street for $9.6m last year, CoreLogic records show. The wealthy Laidlaw family and Peter Gordon — Western Bulldogs Football Club president and Gordon Legal founder — are other notable residents.

The U-shaped road flows into equally renowned Coppin Grove, where ex-Australia Post chief executive Ahmed Fahour owns Invergowrie, which he bought for $22m in 2013 and attempted to sell for $40-$44m in 2018.

26 Shakespeare Grove, Hawthorn was owned by Dustin Martin’s manager Ralph Carr.

The Invergowrie estate at 21 Coppin Grove, Hawthorn, owned by Ahmed Fahour.

Sports manager Ralph Carr with Dustin Martin. Picture: Darrian Traynor

Many mansions along Brighton’s Seacombe Grove offer direct beach access, which may have convinced late Crazy John founder John Ilhan to buy two waterfront blocks worth $20m-plus there. The prime real estate is still owned by his wife, Patricia.

Late 7-Eleven co-founder Beverley Barlow broke the Bayside residential sales record by buying 39 Seacombe Grove from former St Kilda Football Club president Rod Butterss for $22m in 2015. The benchmark still stands.

39 Seacombe Grove, Brighton holds Bayside’s price record.

Nick Johnstone director Nick Johnstone said the strip’s large landholdings rarely came up for sale, as they were often passed down through families.

He said star power from younger high-flyers had flung St Kilda West’s Mary Street into the spotlight.

The stretch is the site of Nadia and Jimmy Bartel’s former family home at No. 44, which they listed last month for $3.7-$4m, and fashion designer Alannah Hill’s “mini Versailles” at No. 16, which she sold for $2.475m in 2017.

44 Mary Street, St Kilda West is being sold by the Bartels.

Nadia and Jimmy Bartel put the house on the market after they split. Picture: Daniel Pockett

16 Mary Street, St Kilda West was owned by fashion designer Alannah Hill.

The leafy east is epitomised by Canterbury’s Monomeath Avenue, where former opposition leader Andrew Peacock, ex-NAB managing director Frank Cicutto and businessman Anthony Podesta have all lived.

Pop princess Kylie Minogue bought her parents a home there for $2.43m in 2002.

Frank Cicutto’s house at 21-23 Monomeath Avenue, Canterbury.

Kylie Minogue bought her parents a house on Monomeath Avenue.

Other historic havens include Fitzroy North’s Edinburgh Gardens-adjacent Alfred Crescent, where Red Symons’ former house achieved a record $5m in 2018, and Albert Park’s St Vincent Place, which encircles a private park.

89 Alfred Crescent, Fitzroy North was owned by Red Symons.

36 St Vincent Place North, Albert Park sold last year.

The inner west’s priciest street, Williamstown’s The Strand, rivalled Brighton’s Golden Mile by offering spectacular city views, Hocking Stuart Yarraville’s Leo Dardha said.

Geelong’s glitzy Western Beach Road is home to one-time mayor Darren Lyons, Cotton On chief executive Peter Johnson, and former Geelong Football Club president and businessman Frank Costa.

Barry Plant Highton director Kieron Hunter said its “irreplaceable” historic properties often sold in the vicinity of $3m.

48 The Strand, Williamstown sold for more than $5m.

34 Western Beach Rd, Geelong is one of the many waterfront mansions.

Ballarat’s lakeside mansions on Wendouree Parade and Webster Street have also attracted high-flying chief executives and hometown hero, marathon champion Steve Monaghetti, according to Biggin & Scott Ballarat director Francesca Nichol.

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jayitri.smiles@news.com.au

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