2024 was a blockbuster year for Australia’s real estate market, with jaw-dropping property deals that rewrote the record books. From ultra-modern waterfront mansions to historic estates tucked in prestigious suburbs, high-end buyers were willing to spend big to secure a slice of luxury.
Whether it was Sydney’s iconic harbour views or Melbourne’s leafy elite enclaves, these homes didn’t just fetch eye-watering prices—they became symbols of ambition, wealth, and architectural excellence.
In this feature, we take you inside the most talked-about, record-smashing property sales of the year. Discover what made these homes so desirable, who bought them, and the incredible numbers that have redefined Australia’s top-tier housing market.
Get ready for a tour of opulence, scale, and serious real estate power moves.
Read More: Inside Australia’s Record-Breaking Home Sales of 2024
A Snapshot of Australia’s Record-Breaking Property Sales in 2024
Australia’s property market soared to new heights in 2024, with suburbs across the country smashing long-standing price records. From high-end coastal mansions to expansive rural estates and historic urban homes, buyers continued to demonstrate strong demand for premium real estate.
Below is a state-by-state breakdown of some of the most notable transactions that redefined suburb benchmarks this year.
New South Wales
Yennora
An unexpected standout in Sydney’s southwest, a sprawling 4700 sqm property at 95 Fairfield Street sold for $3.55 million, eclipsing the previous suburb record of $1.68 million.
This sale more than doubled Yennora’s prior high and highlighted strong buyer interest beyond traditional blue-chip postcodes.
Marrickville
Historic home Roma, located at 148 Livingstone Road, set a new benchmark with its $6 million sale. The four-bedroom, five-bathroom 1894 property was originally guided at $4.3 million.
It surpassed the previous suburb record of $4.9 million, held by the ‘Coiled House’ on Neville Street.
Greenhills Beach
A designer home at 66 Shorebird Parade in Greenhills Beach reached a new height at $15.7 million, smashing the previous record of $9.8 million from 2021. The coastal suburb near Cronulla continues to attract top-tier buyers with an appetite for luxury.
Other Notable Mentions
- Celebrity agent Gavin Rubinstein secured an $11.56 million deal in Hunters Hill.
- A property crowned House of the Year changed hands for $11.5 million.
Queensland
Gumdale
A luxurious five-bedroom estate on over one hectare at 305 Formosa Road sold for $6.512 million, comfortably exceeding the suburb’s previous record of $5.55 million set just months earlier.
Cooroy Mountain
The prestigious hinterland home Stonelea at 430 Cooroy Mountain Road sold for $11 million, surpassing the former record of $10 million. This sale marks the culmination of a four-year listing journey.
Mount Marrow
Rural lifestyle properties also saw record gains. A four-bedroom family home at 203–211 Thagoona Haigslea Road sold for $1.2 million, nearly double the previous record of $635,000.
Victoria
Portsea
A landmark sale in the affluent coastal town of Portsea saw a bluestone cottage estate at 3808 Point Nepean Road change hands for $23.23 million, outpacing the previous record by $3.4 million.
Elwood
In Melbourne’s inner south, a five-bedroom residence at 9 Bendigo Avenue set a new suburb record of $17.05 million, overtaking the prior record of $14.2 million.
Sunshine North
A grand mansion at 63 Suffolk Road sold for $1.835 million, nudging out the former record set by another five-bedroom property on the same street.
South Australia
Golden Grove
A palatial six-bedroom, five-bathroom home at 4 Everglade Court shattered records with a $2.8 million sale—$890,000 above the previous suburb benchmark.
Chain of Ponds
A four-bedroom homestead on 197 Tippett Road fetched $1.15 million, more than doubling the prior record of $510,000, showcasing increased demand for scenic acreage in South Australia’s hinterland.
South Brighton
Adelaide’s seaside suburb of South Brighton saw a standout sale at 181 Esplanade for $6.375 million, far surpassing the previous record of $3.709 million and cementing its reputation as a prime coastal enclave.
These standout results from across the nation underline the diversity and dynamism of Australia’s real estate landscape in 2024.
Whether driven by prestige, lifestyle, or investment potential, these record-breaking sales offer a clear message: high-end property demand remains resilient, and suburb records are continuing to tumble as buyers look beyond the obvious and invest in Australia’s evolving property hotspots.
Frequently Asked Questions (FAQs)
What is the most expensive house sold in Australia in 2024 so far?
The most expensive house reported in this snapshot is a $23.23 million estate in Portsea, Victoria, located at 3808 Point Nepean Road. This record-breaking sale set a new high for the exclusive coastal suburb.
Which suburb saw the largest price jump in 2024?
Yennora, in Sydney’s southwest, saw the most dramatic price leap. A property at 95 Fairfield Street sold for $3.55 million, smashing the previous suburb record of $1.68 million — more than doubling it.
Which Queensland suburb recorded the highest sale?
The highest sale in Queensland was at Cooroy Mountain, where a luxury mansion known as Stonelea sold for $11 million, overtaking the prior $10 million record set in 2023.
Has Marrickville set a new property record in 2024?
Yes. The suburb of Marrickville reached a new high with the $6 million sale of “Roma,” a 19th-century property at 148 Livingstone Road, breaking the previous $4.9 million suburb record.
Are regional or metro areas setting more records this year?
Record sales have been recorded in both metro and regional areas. While prestigious suburbs like Portsea, Greenhills Beach, and Marrickville dominate headlines, rural and semi-rural locations such as Mount Marrow (QLD) and Chain of Ponds (SA) have also seen significant record-breaking transactions.
Conclusion
The Australian property market in 2024 has been marked by an impressive wave of record-breaking sales across both metropolitan and regional areas. From sprawling luxury estates in Portsea and Greenhills Beach to historic homes in Marrickville and emerging hotspots like Gumdale and Mount Marrow, buyers are willing to pay unprecedented prices for prime real estate.
