Which houses fetched the most money in Q1 of 2025?

Article by Camilla Jones 11 June 2025

The luxury real estate market in Australia has seen some eye-watering transactions throughout the first quarter of 2025. 

High-net worth individuals are continuing to invest in properties across the nation — from waterfront mansions to sprawling estates — securing record-breaking prices in the process. 

Read on to see the eye-watering deals that were secured in the first quarter of 2025! 

Sydney’s prestige market continues to dominate 

Sydney continues to dominate the luxury market of Australia, with numerous multimillion dollar deals finalising in Q1. 

Unsurprisingly, the city’s eastern suburbs – namely Point Piper, Vaucluse and Bellevue Hill — continue to attract high-income buyers. 

A $75 million waterfront mansion in Point Piper was one of the standout transactions, which was purchased by an international investor seeking top-tier Sydney real estate, according to The Real Estate Conversation. 

Uninterrupted harbour views, state-of-the-art amenities and a private jetty are just some of the luxuries this buyer will get to enjoy. 

Another luxury purchase was a $60 million estate in Bellevue Hill, acquired by a local entrepreneur, according to The Real Estate Conversation. 

Expansive gardens, a luxury pool and a heritage-listed façade are some of the features that add to this home’s exclusive features. 

Melbourne’s high-end market continues to demand 

The prestige market in Melbourne has also seen high-end transactions in the first quarter of 2025, particularly in privileged areas like Toorak and South Yarra. 
 
Among the top sales included a $50 million Toorak mansion — reflecting the suburb’s ongoing appeal to affluent buyers, according to The Real Estate Conversation. 

The property, which features a grand entrance and multiple entertainment spaces including a private cinema, was purchased by a well-known business magnate. 

South Yarra also attracted a noteworthy sale with a $40 million penthouse sale — setting a new benchmark for luxury apartments in the city, according to The Real Estate Conversation. 

Located in a newly developed high-rise, the penthouse boasts of panoramic views of the city’s skyline and exclusive concierge services. 

Queensland’s luxury coastal market boosts 

In the sunny state, the Gold Coast and Brisbane have seen an increase in high-value transactions — driven by interstate migration and demand for waterfront properties. 

In the idyllic Surfers Paradise, one of the most expensive purchases for Q1 was a $35 million beachfront estate was purchased by a high-profile investor, according to The Real Estate Conversation. 

Featuring direct beach access, a private infinity pool and cutting-edge smart home technology — the purchase  

The property boasts of direct beach access, a private infinity pool and cutting-edge smart home technology. 

Meanwhile in Brisbane, the city’s prestige market recorded a $30 million riverfront mansion sale, demonstrating the city’s growing appeal among elite buyers, according to The Real Estate Conversation. 
 
Located in Hamilton, the home offers a private marina and outdoor living spaces. 

Perth and Adelaide’s luxury market picking up pace 

Despite Sydney and Melbourne dominating the lucrative real estate market — Adelaide and Perth have seen notable high-end purchases. 

In Adelaide’s eastern suburbs, a $25 million estate secured its spot as one of the top sales — reflecting the city’s increased demand for luxury homes, according to The Real Estate Conversation. 

A bespoke wine cellar, extensive vineyards and a private helipad are just some of the exclusive features of this home. 

Meanwhile in Perth, the city’s elite market fetched a $20 million waterfront home sale in Peppermint Grove, according to The Real Estate Conversation. 

The home features a private beach, a resort-style pool and a top-tier fitness centre. 

Market trends and future outlook 

As the first quarter of 2025 demonstrates, strong demand for elite and exclusive properties across Australia remain high — with a range of local and international buyers sealing record-breaking deals. 

Sydney and Melbourne continue to dominate the luxury market while Brisbane, Adelaide and Perth are seeing increased activity in the high-end market thanks to beach-side scenery and exclusive home features. 

According to CBRE, experts predict continued growth in the elite market moving forward, partially fuelled by continued cuts to the interest rate, strong demand from high-net-worth individuals and limited supply. 
 
As the economy in Australia stabilises after years of disruption from the COVID-19 pandemic, the elite property market is expected to remain resilient — with further multimillion-dollar sales anticipated in the upcoming months.