Million dollar houses in the report
A realestate.com.au report on Australia's priciest property sales ranked the country's most expensive sales for the 12 months to October 2025, using figures obtained from each state's valuer-general and disclosed listing figures.
For the year to October 2025, the realestate.com.au report put a typical Australian house at $952,000 in value and said the priciest properties sold in that period went for up to 70 times as much. Those results, it said, show how far ordinary homes sit from premium ones. Its rankings hold only sales made in the 12 months to October 2025 where a transaction value was publicly available.
The biggest house sales of the year
According to the realestate.com.au report for the year to October 2025, the single priciest house sale of the year was a mansion in Toorak, in Victoria, at $68.5 million. In the same report for the year to October 2025, the next results were a Rose Bay house at $54.6 million, a Bellevue Hill house at $43,000,000, a Northbridge house at $42,750,000, another Bellevue Hill house at $42,000,000 and a Point Piper house at $39,500,000.
Among apartments, the realestate.com.au report for the year to October 2025 put the top result at $20,500,000 at Barangaroo, ahead of $17.5 million at New Farm in Brisbane and $16 million at Newstead. Toorak took six of the ten priciest house sales in Melbourne, the report said, and nine of the ten top house sales in Sydney were in harbourside suburbs east of the central business district.
An agent in Sydney's eastern suburbs told the realestate.com.au report that the area's geography explained why it held the country's leading prestige market. The agent described a narrow peninsula reaching from the ocean to the harbour, with only a little land and some of the city's best schools. It sits a short way from the central business district and is beautiful, the agent said, and together those things made a strong formula for Australia's most expensive houses.
According to the realestate.com.au report for the year to October 2025, the single priciest house sale of the year was a mansion in Toorak, in Victoria, at $68.5 million.
What drives the top end
Interest rate cuts over the year supported growth, an executive manager of economics at REA Group told the realestate.com.au report, though the effect was stronger for more affordable homes, where buyers are more limited by what they can borrow. Over the year to October, the report said, the top 5% of the market rose 5.5% nationally, against 7.5% for the market as a whole.
An executive manager of economics at REA Group also said that financing costs matter less for very expensive homes than for typical ones, with employment and business conditions among high earners and entrepreneurs carrying more weight. An agent in Brisbane said growth at the high end there came from businesspeople who had succeeded in mining, agriculture and technology, along with overseas buyers.
A director at a Melbourne agency said Toorak sits at the centre of the city's best real estate and stays in demand as its premier suburb, and that more younger entrepreneurs were looking to invest in prestige property.
Where the expensive pockets are
Outside the capitals, the report found the largest results in northern New South Wales and on the Gold Coast. In the realestate.com.au report for the year to October 2025, a beach house at Broken Head, near Byron Bay, sold for $36 million, a newly built home on Belongil Beach in Byron Bay fetched $33.5 million, and an estate at Bangalow with a homestead, stables and a dressage arena went for $27.5 million. The Broken Head property neighbours land owned by two Hollywood film stars, the report said.
The realestate.com.au report for the year to October 2025 listed two houses on a stretch of Mermaid Beach known as 'Millionaire's Row', one at $27.5 million and the other at $23.4 million, and said the Gold Coast's priciest properties outsold those in Brisbane. The report placed half of Brisbane's ten biggest sales in Hamilton and Ascot, a pocket of hilltop homes with views over the city and river.
In Perth, the realestate.com.au report for the year to October 2025 placed the top results mostly in Peppermint Grove, Mosman Park and City Beach, ranging from $10 million to $20 million, while in Hobart half of the priciest sales were in Sandy Bay. In Victoria, the same report for the year to October 2025 placed most of the state's biggest sales outside Greater Melbourne on the Surf Coast, including a house in Anglesea that went for just over $6 million.
Questions people ask
- What is meant by Australia's priciest properties?
- In the realestate.com.au report, Australia's priciest properties are the most expensive sales. The realestate.com.au report on the 12 months to October 2025 lists a $68.5 million Toorak mansion at the top.
- How does Australia's priciest property market work?
- Sales enter the rankings only where a transaction value was publicly available, according to the realestate.com.au report on the 12 months to October 2025, which used figures from each state's valuer-general and disclosed listing figures. An executive manager of economics at REA Group told the realestate.com.au report that financing costs weigh less at the very top, where employment and business conditions among high earners and entrepreneurs matter more.
- Where are Australia's priciest houses?
- The national top ten house sales for the year to October 2025 included properties in Toorak and in Sydney suburbs including Rose Bay, Bellevue Hill, Northbridge and Point Piper, the report said. Perth's top results came mostly from Peppermint Grove, Mosman Park and City Beach, and outside the capitals, northern New South Wales and the Gold Coast held the biggest sales.
- Do the priciest properties rise in value faster than other homes?
- Not always. Over the year to October 2025, the realestate.com.au report put growth in the top 5% of the market at 5.5% nationally, against 7.5% for the market as a whole.
- What is the most expensive house sold in Australia?
- In the realestate.com.au report for the 12 months to October 2025, the top house sale was a Toorak mansion in Victoria at $68.5 million, followed by a Rose Bay house in Sydney at $54.6 million.