Price records shattered this year as the market defied the odds

The edge was shaved off the Aussie real estate by reduced borrowing power, but it didn’t stop pockets of the market from popping off.

The chances were stacked against record prices occurring, but they did. Strong demand pushed back against climbing interest rates, resulting in new benchmarks in postcodes across the country.

Here is a snapshot of just some of the record sales inked in 2024.

A Melbourne manor set a fresh blue-ribbon record to start 2024’s luxury market with a flash.

At 35 Prospect Hill Road, Camberwell, the estate named Fairholme was marketed with a price guide of $14.5 million, and the deal was inked in February.

SOLD - $13,000,000

35 Prospect Hill Road, Camberwell VIC 3124

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The price was confidential but the agency, Kay & Burton, confirmed the private sum set a new Camberwell house price record.

The postcode is one of Melbourne’s higher-end suburbs, where the median is $2,333,000.

Kay & Burton’s Scott Patterson, Sam Wilkinson and Jacquie Bendall handled the prestigious campaign.

In Brisbane, the most expensive home ever sold was swept off the market in November in a hush-hush deal.

The Ascot address quietly transacted for a price understood to be $23 million.

This set a residential house price record for Brisbane, shattering by $2.5 million the benchmark set in New Farm last year.

Chatter of the price paid for 32 Sutherland Avenue did the rounds of prestige property circles in the Queensland capital.

However, the agent, Ray White Ascot principal Damon Warat, would not be drawn on details. Warat declined to comment on the rumoured sale price, or any other particulars of the deal, but the agency did confirm the house had sold.

A colossal sale of a new build in Manly rocked the Sydney prestige market, where results kept getting bigger and better.

The price for the luxury waterfront house, carved into the cliffs, was understood to be $35 million – a suburb record and the second-highest price for Sydney’s northern beaches.

SOLD - Price Withheld

44 Bower Street, Manly NSW 2095

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Listing agents from Clarke & Humel reported the price as undisclosed and did not discuss the sum when contacted.

However, a number of stories about the deal, citing the $35 million figure, have been shared by the agency’s social media pages, celebrating the ground-breaking transaction.

At 44 Bower Street, the property is brand new, designed by Madeline Blanchfield Architects.

Agents Michael Clarke and Cherie Humel handled the campaign.

The previous Manly record was $25 million, set in 2021, by a property also on Bower Street.

In coastal New South Wales, a house in Kingscliff with an indoor “jetty” was crafted with no expense spared, and this attention to detail rocketed it to a record price for the town.

SOLD - $8,950,000

37 Cylinders Drive, Kingscliff NSW 2487

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Celebrating contemporary design, the engineered concrete construction and timeless finishes created a six-star beachfront escape at 37 Cylinders Drive.

It changed hands in April for $8.95 million.

The sum is the most ever paid in Kingscliff for a single block residence. In January, a sprawling development parcel in the postcode fetched $24 million, sold by the same agency, LJ Hooker Kingscliff.