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Melbourne prestige property prices soar in 2021 as locked-down Toorak residents make an upgrade

With six lockdowns in two years, you’d be forgiven for thinking house prices in Toorak might have been treading water - but you’d be wrong.

Melbourne prestige property prices soar in 2021 as locked-down Toorak residents make an upgrade

With six lockdowns in two years, you’d be forgiven for thinking house prices in Toorak might have been treading water - but you’d be wrong.

Melbourne prestige property prices soar in 2021 as locked-down Toorak residents make an upgrade

With six lockdowns in two years, you’d be forgiven for thinking house prices in Toorak might have been treading water - but you’d be wrong.

Melbourne property: Buyer snaps up $22m-$24m Toorak mansion formerly owned by Steve Vizard

The castle-like abode once owned by the broadcaster and comedian was marked as sold online after being listed for sale with a price guide of up to $24 million.

Trophy home sales surge as the rich seek sanctuary

Trophy home sales surge as the rich seek sanctuary Share Australia’s high-end property markets are awash with money and buyers looking for homes that have everything, no matter the cost. Sydney and Melbourne lead the way with prices reaching $40 million in Point Piper while Toorak has already had five $20 million-plus sales this year compared with just two in the previous three years. The view from Horizon, a mansion at Flinders, Victoria, which recently sold for almost $25 million.  Big money is also finding an ultra-expensive home in sought-after regional destinations such as Byron Bay, Noosa, Palm Beach, Southern Highlands and Mornington Peninsula.

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