{"id":1935,"date":"2022-02-22T06:16:06","date_gmt":"2022-02-22T06:16:06","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/top-10-most-expensive-homes-sold-in-australia-in-2021\/"},"modified":"2022-02-22T06:16:06","modified_gmt":"2022-02-22T06:16:06","slug":"top-10-most-expensive-homes-sold-in-australia-in-2021","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/top-10-most-expensive-homes-sold-in-australia-in-2021\/","title":{"rendered":"Top 10 most expensive homes sold in Australia in 2021"},"content":{"rendered":"

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Against all odds, 2021 was an extraordinary year of growth for Australia\u2019s property market<\/a><\/u>, with monetary and fiscal stimulus measures driving prices in some suburbs higher than ever before.<\/strong><\/p>\n

\"HouseA $60 million apartment was Australia\u2019s most expensive home for the year, and\u00a0 Sydney<\/a><\/u> took out eight of the top ten spots on Corelogic\u2019s latest best of the best report<\/a><\/u>.<\/p>\n

In fact, the \u201cyear like no other\u201d saw units<\/a><\/u> take the top 4 places on the list of Australia\u2019s most expensive homes sold.<\/p>\n

This is quite ironic given we saw house prices surge at double the pace of units throughout the year as a sea- and tree-change shift<\/a><\/u> saw homeowners leave CBDs to regional areas amid extended Covid-19 lockdowns.<\/p>\n

The elite property sales list shows that behind the $60 million apartments in Sydney\u2019s Castlereagh Street were 3 high-end apartment<\/a><\/u> sales, which sold in excess of $40 million each, all located in the newly completed Barangaroo tower on Sydney\u2019s harbourfront.<\/p>\n


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The most expensive house, which came in 4th place on the list, sold in 2021 was 21 Copping Grove in Hawthorn, Victoria<\/a><\/u> for a huge $40.5 million.<\/p>\n

The landmark mansion fetched the second-highest price ever paid for a residential property in Melbourne<\/a><\/u>, eclipsed only by the Stonington mansion in Malvern, which sold for $52.5 million in 2018.<\/p>\n

The Copping Grove seller almost doubled his money after he bought the home for $22 million off-market in 2013.<\/p>\n

Of the remaining houses on the list, 3 are located in Sydney\u2019s Point Piper, 1 in Double Bay which is also in Sydney, and in 10th place is a house on Grange Road in Victoria\u2019s elite suburb of Toorak.<\/p>\n

The top 10 sales for the year totaled $407 million and ranged from $31,250,000 to $60 million.<\/p>\n

Australia\u2019s most expensive homes, 2021<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Ranking\u00a0 \u00a0\u00a0<\/strong><\/td>\nSale price\u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/td>\nDwelling type\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong><\/td>\nAddress\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong><\/td>\nState\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/td>\nSold in\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong><\/td>\n<\/tr>\n
1<\/td>\n$60,000,000<\/td>\nApartment<\/td>\nCastlereagh Street, Sydney<\/td>\nNSW<\/td>\nMay<\/td>\n<\/tr>\n
2<\/td>\n$42,000,000<\/td>\nApartment<\/td>\nBarangaroo Avenue, Barangaroo<\/td>\nNSW<\/td>\nSeptember<\/td>\n<\/tr>\n
3<\/td>\n$41,000,000<\/td>\nApartment<\/td>\nBarangaroo Avenue, Barangaroo<\/td>\nNSW<\/td>\nMarch<\/td>\n<\/tr>\n
4<\/td>\n$40,750,000<\/td>\nApartment<\/td>\nBarangaroo Avenue, Barangaroo<\/td>\nNSW<\/td>\nMay<\/td>\n<\/tr>\n
5<\/td>\n$40,500,000<\/td>\nHouse<\/td>\nCopping Grove, Hawthorn<\/td>\nVictoria<\/td>\nMay<\/td>\n<\/tr>\n
6<\/td>\n$40,000,000<\/td>\nHouse<\/td>\nWolseley Road, Point Piper<\/td>\nNSW<\/td>\nApril<\/td>\n<\/tr>\n
7<\/td>\n$38,500,000<\/td>\nHouse<\/td>\nWunulla Road, Point Piper<\/td>\nNSW<\/td>\nMarch<\/td>\n<\/tr>\n
8<\/td>\n$38,000,000<\/td>\nHouse<\/td>\nWingadal Place, Point Piper<\/td>\nNSW<\/td>\nApril<\/td>\n<\/tr>\n
9<\/td>\n$35,000,000<\/td>\nHouse<\/td>\nCastra Place, Double Bay<\/td>\nNSW<\/td>\nJune<\/td>\n<\/tr>\n
10<\/td>\n$31,250,000<\/td>\nHouse<\/td>\nGrange Road, Toorak<\/td>\nVictoria<\/td>\nMarch<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Sydney\u2019s eastern suburbs dominate again<\/h2>\n

\"SydneyWhen it comes to Australia\u2019s most expensive properties, Sydney\u2019s eastern suburbs dominated the list for both houses and apartments in 2021.<\/p>\n

Corelogic data shows that Bellevue Hill had the highest median house price of $8.737 million, putting it ahead of nearby Vaucluse which had a median of $7,977 million.<\/p>\n

Double Bay sits 3rd with a $6.433 million median property price while Tamarama and Rose Bay follow close behind with $6.043 million and $5.944million respectively.<\/p>\n

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Dover Heights ($5.812 million) and Bronte ($5.581 million) also featured high up on the list where Australia\u2019s most expensive houses reside.<\/p>\n

Australia\u2019s wealthiest suburbs have typical house prices that are at least four times Sydney\u2019s median house price of $1.361million, following a 30.4% surge in the year to November.<\/p>\n

This surge was double the pace seen for apartments in the same city.<\/p>\n

Point Piper had the highest median price for apartments of $3.217 million, ahead of Barangaroo which has a median of $2.751 million, and Darling Point at $2.405 million.<\/p>\n

Meanwhile, apartments in Milsons Point on Sydney\u2019s lower north shore fetched a median of $2.149 million throughout the year while nearby Millers Point apartment prices had a $2.014 million median.<\/p>\n

Manly on Sydney\u2019s northern beaches is close behind with a $2.006 million median for its apartments.<\/p>\n

Price increases have peaked<\/h2>\n

\"PriceIt\u2019s likely Australia\u2019s property market has seen the peak<\/a><\/u> of value growth as worsening affordability constraints, a surge in vendor activity, and a recent tightening of housing finance conditions take effect, CoreLogic\u2019s head of research Eliza Owen said.<\/p>\n

She also noted the likelihood that Australia\u2019s property sales and listings activity had also likely peaked.<\/p>\n

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\u201cThe constraints of slightly tighter credit conditions, the erosion of housing affordability and a higher level of listings being added to the market are expected to see softer growth rates across property values in 2022,\u201d<\/em> she said.<\/p>\n

\u201cThese forces are an accumulation of headwinds for property market performance. Softer growth rates are likely to coincide with fewer purchases, where sales and listings activity eventually move with momentum in price.\u201d<\/em><\/p>\n<\/blockquote>\n

ALSO READ: <\/strong><\/span>Australia\u2019s 30 most expensive suburbs to rent revealed<\/a><\/p>\n

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[ad_1] Against all odds, 2021 was an extraordinary year of growth for Australia\u2019s property market, with monetary and fiscal stimulus measures driving prices in some suburbs higher than ever before. A $60 million apartment was Australia\u2019s most expensive home for the year, and\u00a0 Sydney took out eight of the top ten spots on Corelogic\u2019s latest […]<\/p>\n","protected":false},"author":1,"featured_media":1936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,104,38],"tags":[],"class_list":["post-1935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-property-finance","category-property-investment"],"yoast_head":"\nTop 10 most expensive homes sold in Australia in 2021 | Urban Buyer: Buyers Agent & Advocates | Best Property Buyers For You<\/title>\n<meta name=\"description\" content=\"Against all odds, 2021 was an extraordinary year of growth for Australia\u2019s property market, with monetary and fiscal stimulus measures driving prices in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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