13.5%
Confidence returns as scarcity and global wealth reshape Melbourne’s luxury market
Melbourne’s luxury property market has remained resilient throughout 2025, defying broader global headwinds and economic uncertainty. According to Kay & Burton Managing Director Ross Savas, the city’s most exclusive homes—particularly those valued above $10 million—continue to attract strong, qualified demand.
Mi Director, Head of International
“The luxury market in Melbourne continues to perform exceptionally well,” Mr Savas says. “We’re seeing a clear shift toward larger, amalgamated estates that reflects a growing appetite for scale, privacy and longevity. Buyers are thinking generationally—not just about today’s lifestyle, but about legacy.”
And luxury homes are no longer just about location or prestige; amenities are paramount.
“Buyers today are looking for trophy properties with extensive land, cinema rooms, wellness centres, and wine cellars where they can entertain,” Mr Savas explains. “They want more than ever before: more space, more luxury, more utility.”
Extraordinary results for properties such as 123 Rosyln Street, Brighton and 12 Yarradale Road, Toorak, articulate the depth of demand for quality, turnkey homes that embody lifestyle, design excellence and long-term value.
Jamie
Increase in annual sales of Australian homes valued at $5 million and above.1
12 Yarradale Road, Toorak
success
Cotality data shows Australian home values rose 1.1 per cent in October, the fastest monthly gain since June 2023, contributing to 6.1 per cent growth over the past 12 months. The data also reveals $5 million-plus home sales have more than doubled nationally since 2020, with Melbourne recording a 13.5 per cent increase in annual sales.
Nationally, the total value of Australian residential real estate has climbed to a record $12 trillion—a figure more than double the market’s size a decade ago—signalling the continued depth and resilience of the market.
Melbourne also continues to offer relative value compared with other global capitals. Knight Frank data reveals the cost per square metre for prime properties remains attractive against London, Hong Kong, and New York, giving domestic buyers confidence in both lifestyle and long-term wealth preservation.
Despite two years of interest rate fluctuations, there has been a decisive return of optimism to the market. The NAB Residential Property Survey notes that Victoria’s improved sentiment was “particularly noticeable”, jumping from +16 in Q1 of 2025 to +36 in Q2 2025. With prices outpacing earlier
expectations, NAB has lifted its forecast for the eight-capital-city dwelling price index from 3.5 per cent to 6 per cent across 2025 and expects a further 6 per cent growth in 2026.
“While rate cuts didn’t arrive as quickly or as often as many expected, buyers still feel supported and confident,” Mr Savas says. “There’s a strong sense of stability returning and with that comes confidence to make significant acquisitions.”
That confidence has been reinforced by private capital allocations; 44 per cent of global family offices said they planned to increase realestate investments in 2025, providing a structural tailwind for the luxury market, according to Knight Frank’s 2025 Wealth Report.
Looking ahead, Mr Savas believes scarcity and intergenerational wealth will define the domestic luxury segment.
“Luxury property is about preservation of capital as much as enjoyment of life,” he says. “With limited supply and growing global demand, Melbourne is exceptionally well-placed heading into 2026.”
“With limited supply and growing global demand, Melbourne is well-placed heading into 2026.”
—Ross Savas
“In 2026... the city’s standing as a global luxury destination will only strengthen.”
—Jamie Mi
‘Panorama House’
Beaconsfield Parade, Middle Park
International
buyers drive demand for Melbourne’s trophy homes
While domestic buyers navigate these tight market conditions alongside family wealth succession, Melbourne’s international purchasers have also re-emerged as powerful forces in 2025, driving intense competition for the city’s most coveted estates.
The international segment of Melbourne’s luxury market has rebounded strongly, driven by high-networth buyers from the United States, Europe, Singapore, and beyond. Jamie Mi, Director and Head of International at Kay & Burton, says the resurgence has been both swift and significant.
“We’ve seen a wave of confidence from international purchasers throughout 2025,” Ms Mi says. “The pace quickened markedly through winter and spring—whenever premium stock became available, it was immediately pursued. Everyone is watching the top end closely.”
International clients have been particularly drawn to ready-to-live-in properties with premium positioning.
“They value condition and location more than local buyers. Homes that are
$12tn
brand new or completely renovated in the best streets are highly sought after,” she says.
“Their preferred price range is $10 million to $25 million, and top suburbs include Toorak, Brighton, Canterbury, Kew, Hawthorn, and Hawthorn East. Most sought-after properties feature four or more bedrooms, multiple ensuites, and generous land between 800–1500 sqm.”
Stock scarcity has been a defining feature of the international market in 2025, driving urgency among buyers, particularly for homes on premium streets.
Ms Mi says international buyers dominate Melbourne’s trophy segment, accounting for more than 80 per cent of Kay & Burton’s top-end activity. Currency advantages are further enhancing their buying power, particularly from US and Singaporean dollar buyers to acquire premium properties at a relative discount.
In November, Ms Mi and members of Kay & Burton’s leadership group travelled to Hong Kong, China and Macau for the World Chinese Entrepreneurs Convention. The global forum provided an opportunity to strengthen relationships, foster collaboration and showcase Melbourne’s position as a leading destination for international investment, further highlighting Kay & Burton’s global reach and strategic partnerships across Asia.
Looking ahead to 2026, Ms Mi says momentum is set to continue.
“Victoria presents excellent opportunities due to affordability relative to other major cities, and buyer confidence is expected to continue to rise,” she says. “In 2026, premium turnkey homes in top suburbs will continue to attract international attention, and the city’s standing as a global luxury destination will only strengthen.” .
Melbourne’s renewed luxury market strength bolstered by highnet-worth buyers from the United States, Europe & Singapore.
“Both buyers and vendors have been more considered this year... Yet even in this environment, wellpositioned properties are still achieving exceptional results.”
—Oliver Booth
Stonnington’s enduring prestige anchors a confident market
After a year marked by cautious sentiment, Stonnington’s prestige market continues to demonstrate its enduring strength. While 2025 has presented its share of challenges—from interest rate sensitivity to broader economic uncertainty—Stonnington’s hallmark of stability has remained intact.
“Both buyers and vendors have been more considered this year,” says
Oliver Booth, Partner at Kay & Burton. “There’s less urgency in decision-making and many people are taking a more cautious approach. Yet even in this environment, well-positioned properties are still achieving exceptional results.”
Stonnington’s performance reflects the resilience of Melbourne’s blue-chip suburbs, where scarcity and quality continue to underpin demand. For premium inner-city postcodes like those in Stonnington, where available land is limited, strong premiums are being achieved for large blocks and turnkey homes.
A once-in-a-generation opportunity in Toorak articulates the enduring appeal of the area, as one of the most significant development offerings the suburb had seen in recent years. Encompassing more than 6340 sqm*, the blue-chip landholding—represented by Kay & Burton’s Ross Savas, Nick Kenyon and Jamie Mi—offers scope for a landmark residential development
(STCA) in a location long regarded as the apex of luxury living. Its exceptional scale and flexibility have set it apart—an unencumbered parcel of this size is exceedingly rare in Toorak. According to Landchecker, there are only two other properties of comparable size without heritage overlays.
Domain data shows Toorak was among Victoria’s 12 suburbs to record a six-figure decline to its median house price over the past year. However, Dr Nicola Powell, Domain’s Chief of Research and Economics, notes these figures don’t reflect the suburb’s extraordinary diversity, where sales have ranged from $1 million to multiple transactions well above $50 million in the past 12 months— arguably the broadest price spectrum of any Melbourne suburb. These variations point to recalibration rather than weakness—a brief correction within a market defined by enduring prestige and global demand.
Oliver Booth Partner
6 Bonview Road, Malvern
more in recent success
In another segment of the market, CBRE’S Residential Valuer Insights Q2 2025 noted a 42 per cent increase in demand for recently renovated properties. Mr Booth agrees, observing “huge demand for properties that require no work”, particularly among families and high-net-worth buyers seeking lifestyle certainty.
The $5 million to $15 million range remains Stonnington’s “sweet spot”, he adds, led by established homes in Armadale, Malvern, Toorak and South Yarra. Larger blocks over 700 sqm, with family functionality, four-to-five bedrooms and dedicated work-fromhome zones, continue to be tightly held.
Macroplan analysis supports this trend, noting that more than half of Stonnington residents work from home at least one day a week—reflecting the premium placed on liveability and flexibility.
“Buyers in these areas tend to work in finance, communications, and medicine,” notes Macroplan’s 2025 report, “giving them greater ‘bidding power’ to prioritise location and amenity.”
In a highlight for the spring market, the sale of 17 Manning Road, Malvern East, set a house price record for the suburb. Extensive interest and an acceptable offer of $10 million resulted in a private auction being held in the property’s glorious gardens, where six parties vied for the landmark Gascoigne Estate home. The property ultimately sold for an undisclosed figure that exceeded expectations.
Looking ahead to 2026, Mr Booth anticipates measured improvement as buyer confidence rebuilds, supported by intergenerational family wealth and international capital that continues to flow toward Stonnington’s elite schools, village culture and enduring architectural appeal.
“If there are a handful of more rate cuts, that will help unlock momentum,” he says.
For discerning buyers, Stonnington’s balance of stability, scarcity and sophistication remains unmatched. It’s a market that rewards patience and rarely disappoints those who secure their place within it. .
Increase in demand for recently renovated properties.2
“Sellers will be rewarded for careful preparation, strategic timing, and meticulous presentation.”
—Rebecca Edwards
Boroondara’s vibrant
village lifestyle gains buyer momentum
Boroondara’s property market is demonstrating renewed confidence and steady momentum. After a cautious start to the year and broader economic headwinds, buyer engagement has remained robust throughout the tail end of 2025. Listing volumes have increased, auctions are drawing stronger competition, and clearance rates strengthened in recent months, signalling the early stages of a new growth cycle.
Rebecca Edwards, Partner and Licensed Estate Agent at Kay & Burton, notes that buyers are acting with greater confidence, particularly when presented with high-quality homes.
“Downsizers continue to shape the market, seeking refined single-level residences in Hawthorn, Hawthorn East, Kew, and surrounding suburbs, priced from $2 million to $5 million,” she said.
“These properties are often located within easy reach of vibrant village precincts. They are certainly scarce and many buyers remain in their family homes while awaiting the ideal offering.”
Ms Edwards observes that as downsizers exit family homes, opportunities are emerging for young families seeking the Boroondara lifestyle. “Family residences updated within the past decade remain the most soughtafter property type,” she says.
CBRE Australia confirms a 42 per cent increase in demand for “move-in-ready” properties, which continue to achieve stronger pricing and faster turnover.
Boroondara’s established amenities and high-quality schooling provide a resilient and defensive buyer base, while the combination of leafy streets, boutique cafés, artisanal retailers, and a thriving local dining scene continues to enhance the area’s lifestyle appeal, making it a destination in its own right.
Domain data confirms Melbourne’s leafiest suburbs are reaping the benefits. Mont Albert and Canterbury were the only suburbs with a median house price above $2 million in Melbourne to record double-digit house price growth in the 12 months to September 2025. Mont Albert’s median rose 16.5 per cent to $2,387,500, while Canterbury jumped 15.6 per cent to $3,388,000.
Ms Edwards adds there is a clear preference for homes that offer both lifestyle convenience and longterm investment value, with buyers increasingly prioritising proximity to community hubs, schools, and transport links.
Broader indicators, including rate cuts and improved borrowing conditions, have encouraged buyers to act, while rental tightness and population growth continue to underpin market strength.
Looking to 2026, Ms Edwards anticipates measured growth, constrained by ongoing affordability considerations.
“Sellers will be rewarded for careful preparation, strategic timing, and meticulous presentation, particularly for family homes near top schools and local precincts,” she says. “Overpricing or under-preparing can hinder results, whereas early planning positions sellers to achieve optimal outcomes.”
For discerning buyers and investors alike, Boroondara’s balance of stability, quality and lifestyle remains compelling. With its blend of character homes, excellent schools and vibrant village energy, it continues to stand among Melbourne’s most desirable addresses—a market defined by confidence, community and long-term capital growth. .
Rebecca Edwards Partner & Licensed Estate Agent
Increase in Mont Albert’s median house price over a 12-month period to September 2025.3
Price range of in-demand downsizer homes in Hawthorn, Hawthorn East, Kew & surrounds.
“Rather than waiting for rate reductions, people are now acting with confidence across most price brackets, with the top end showing the strongest movement.”
—Alex Schiavo
Alex Schiavo Executive Director, Group Board Member
Bayside’s blue-chip appeal deepens as prestige
buyers return
The Bayside market has entered a phase of renewed confidence and measured momentum as 2025 draws to a close, buoyed by resilient buyer activity and the enduring appeal of Melbourne’s bayside lifestyle.
Alex Schiavo, Executive Director at Kay & Burton, says buyers have returned to the market with conviction, no longer waiting for further interest rate drops.
“Buyers have largely accepted current interest rates as the new norm, which has brought a welcome environment of stability and decisiveness after several years of hesitation,” Mr Schiavo says. “Rather than waiting for rate reductions, people are now acting with confidence across most price brackets, with the top end showing the strongest movement.”
Mr Schiavo expects these steady conditions to hold over the next two to three years, as balance returns to the market and confidence builds.
6 Seymour Grove, Brighton Read more in recent success
property
89.8%
Cotality’s latest Pain & Gain report shows 89.8 per cent of Bayside resales in Q2 2025 were profitable with a median gain of $472,500—one of the stronger results in Melbourne’s prestige LGAs. Meanwhile, REIV market insights show Brighton’s clearance rate of 82.1 per cent (November 2025) sits slightly higher than the metropolitan Melbourne average, reflecting continued strength in Bayside’s core suburb.
These figures reaffirm the area’s enduring appeal among high-net-worth buyers, where coastal amenity, village vibrancy and proximity to the CBD remain powerful drawcards. The Church Street precinct continues to anchor the area’s lifestyle appeal, retaining its reputation as one of Melbourne’s most desirable retail and dining destinations.
Macroplan analysis reveals, 51 per cent of Bayside residents work from home at least one day a week— among the highest in metropolitan Melbourne—enhancing the region’s appeal for affluent professionals seeking both lifestyle and flexibility.
“Vendor expectations are becoming more aligned with the market,” Mr Schiavo says. “Competition at the upper end is becoming more focused, driven by established local buyers and returning expatriates who recognise longterm value in Bayside’s coastal positioning.”
The $1 million to $4 million segment remains consistently active, while turnkey and near-new properties priced between $5 million and $10 million are achieving particularly strong results.
“Buyers at this level want homes that are ready to move into,” Mr Schiavo says. “With renovation timelines still lengthy and unpredictable, the preference is for contemporary, low-maintenance living that delivers immediate comfort and enduring value.”
Recent transactions continue to illustrate the market’s depth, including the sale of 21 Wolesley Grove, Brighton, which drew four competing parties via an expressions of interest campaign before being secured by an expatriate buyer.
“Brighton remains relatively undervalued compared to Sydney’s waterfront or Melbourne’s established blue-chip enclaves,” Mr Schiavo notes. “There’s still significant potential for capital growth, particularly along the Golden Mile and premier waterfront positions.”
Looking ahead, he expects further uplift at the top-end through 2026, during a period of steady and sustainable growth. .
Percentage of profitable resales in Bayside municipality for Q2 2025.1
“Property on the Peninsula is a limited resource— a rare commodity so close to Melbourne.”
Confidence builds on the Mornington Peninsula as buyers re-engage
One of the strongest winters and springs in recent memory has fuelled a sense of stability across the Mornington Peninsula. Following a series of interestrate cuts and revised land-tax valuations, buyers have re-engaged with the market and regained confidence in its outlook.
“We’re seeing more offers that are aligned with vendors’ expectations,” says Tom Barr Smith, Executive Director at Kay & Burton. “It feels like the market has turned a corner.”
Mr Barr Smith says buyer demographics have continued to evolve throughout 2025. After several seasons dominated by permanent-home purchasers, this most recent spring has brought renewed momentum from the holiday-home market.
“We’re seeing both established families and city professionals returning to a dual-home lifestyle,” he notes. “It’s a shift that reflects renewed optimism and the enduring appeal of the Peninsula lifestyle.”
In and around Portsea, Liz Jensen, Director at Kay & Burton, has observed the same resurgence.
“No two years are ever the same,” Ms Jensen says. “We saw activity pause pre-election, then surge again once rates began to ease. Even through a long winter, the southern coastal pockets remained remarkably resilient.”
The market has also been subtly reshaped by hundreds of homes dropping off the Mornington Peninsula Shire’s short-stay accommodation register this year. Some owners have opted to divest, while others are capitalising on heightened demand for premium long-term rentals—shifts that have introduced both variety and opportunity to the market.
However, for both investors and homeowners, the long-term outlook remains compelling, withstanding shortterm market fluctuations. Cotality’s latest Pain & Gain Report shows 95.5 per cent of resales achieving a profit in the June quarter, with a median profit of $466,000, placing the region among Victoria’s most reliable lifestyle markets.
Liz Jensen Director
—Liz Jensen
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2331 Mornington-Flinders Road, Flinders Read more in recent success
Tom Barr Smith Executive Director, Group Board Member
“We’re seeing established families and city professionals returning to a dual-home lifestyle. It’s a shift that reflects renewed optimism.”
—Tom Barr Smith
Ms Jensen says confident young and middle-aged families remain the southern Peninsula’s strongest buyer cohort.
“They’re not afraid of sensible debt and are drawn to the wholesome, community-driven lifestyle that Portsea, Sorrento and Blairgowrie offer,” she says.
Mr Barr Smith notes that buyers are again prioritising space, privacy and lifestyle, with small acreage properties up to $5 million among the most sought-after.
“Vacant acreage blocks have been selling better over the past six months than we’ve seen in years,” Mr Barr Smith says.
Both agree the Peninsula’s scarcity remains its greatest luxury.
“Property on the Peninsula is a limited resource—a rare commodity so close to Melbourne,” Ms Jensen says. “That scarcity, paired with lifestyle appeal, will always underpin confidence.”
“With sentiment improving and a clearer macroeconomic outlook, momentum is expected to build into 2026,” Mr Barr Smith adds. .
Percentage of residential resales on the Mornington Peninsula which recorded a profit in the June quarter 2025.1
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3 Keating Avenue, Sorrento Read more in recent success
Investor confidence and limited supply underpin rental market
Melbourne’s high-end rental market has demonstrated resilience and renewed momentum throughout 2025, underpinned by a sharp rebound in investor activity and persistently limited supply.
Credit growth for housing investors accelerated to 6.6 per cent in the year to August—up from 3.9 per cent a year earlier, according to the Reserve Bank of Australia. This renewed activity is expected to gradually support a market still contending with historically low vacancy rates.
Cotality’s latest Rental Review reported a 4.3 per cent rise in national rents in the 12 months to September 2025—a positive sign for continued improvement ahead for Melbourne providers, who have witnessed the country’s most modest growth of 1.4 per cent.
Luxury stock, while experiencing some yield compression, continues to attract strong interest from renters seeking space, amenity, and lifestyle.
“Well-appointed properties are leasing quickly and at values reflective of their quality, ensuring low time-onmarket and robust returns for rental providers,” Evelyne Surja, Partner, Leasing & New Business at Kay & Burton says. “Supply constraints in the uppertier segment have also driven a rise in off-market leasing opportunities.”
Local renters seeking flexibility without compromise—often downsizers, renovating homeowners, or vendors between homes—continue to dominate the luxury rental segment. Highly soughtafter homes with three to four bedrooms, pools, studies, and prestigious addresses remain tightly contested, often leased within days of listing.
Ms Surja observes that this trend underpins the ongoing stability of Melbourne’s top-end market, in contrast to broader suburban areas where seasonal fluctuations are more pronounced.
“Toorak, in particular, has displayed remarkable consistency in leasing activity throughout the year, reflecting both its prestige and lifestyle status,” she says.
That equilibrium is reflected in landmark results such as the lease of the penthouse at 65 Lansell Road, Toorak, which achieved $8000 per week over a 24-month term (rising to $8400 in the second year)—a record long-term rental price for the suburb. The result highlights both the calibre of renters and the confidence underpinning Melbourne’s premium leasing market.
Looking ahead to 2026, Ms Surja anticipates an increase in prestige leasing activity as homeowners and investors alike seek to maximise value and flexibility.
“While policy changes, interest rate movements, and regulatory considerations remain important factors to monitor, Melbourne’s luxury rental segment is expected to maintain its stability,” Ms Surja says. “There will be great opportunities for investors driven by strong lifestyle demand and a discerning renter base.” .
Evelyne Surja Partner, Leasing & New Business
“Well-appointed properties are leasing quickly and at values reflective of their quality, ensuring low time-onmarket and robust returns.”
—Evelyne Surja
Kay & Burton has always been a leader in the premium and luxury real estate markets. Since selling our first home in 1938, our success has been underpinned by the depth of knowledge, experience and relationships we have formed within the markets in which we operate. We are proud to present some of our top results since August across our sales and leasing departments. .
Malvern East
“From the initial phone call to the fantastic outcome we were extremely impressed with Kay & Burton. They showed consistent care, guidance and professionalism and we couldn’t have been happier with not only the sale, but the whole process. We can’t thank them enough.”
—Vendor
A defining sale of Melbourne’s spring market, ‘Manning’ set a new record within the prestigious Gascoigne Estate. Following an extensive renovation by Cera Stribley Architects, Fortem Projects, and landscape designer Ben Scott, the circa-1907 Queen Anne–style residence re-emerged as a modern classic—honouring its heritage origins while introducing a new benchmark in family living and design. The project has since been recognised with HIA and Master Builders Awards for Best Renovation Victoria, Best Kitchen, and Best Bathroom, underscoring its craftsmanship and design integrity.
The campaign drew exceptional engagement, with interest from returning expatriates, interstate buyers and local families. The eventual purchasers lived within 1km of the property and, while passively browsing, discovered it through a print advertisement before arranging a private inspection. Remarkably, it was the only property they viewed before purchasing.
A private auction held in the home’s landscaped gardens two days after receiving an acceptable offer, attracted six competing parties and culminated in a result that set a new benchmark for Malvern East. Sold by Scott Patterson, Jacqui Bendall and Garrick Lim.
A reputation built on results
01. 123 Rosyln Street, Brighton
This newly built architectural home secured its sale within five weeks, following strong interest from families seeking a premium turnkey option. The successful buyers, who were initially seeking a renovation project, discovered the property through social media and quickly shifted focus after inspecting its craftsmanship, luxury finishes and resort-style spaces. The quality of the home and the ease of a move-inready lifestyle ultimately made it the clear choice. Sold by Matthew Pillios, Kevin Yim and Melissa Grinter.
02. 14 Norfolk Road, Surrey Hills
This Hamptons-inspired family residence drew sustained interest throughout its campaign, culminating in a result exceeding $6 million and setting a new record for a weatherboard home in Surrey Hills. Strong local engagement was complemented by significant digital traction and widespread media coverage across print, online and
broadcast, amplified by the home’s appearance in the Hollywood production Ricky Stanicky, starring Zac Efron. Two committed bidders competed at auction, with the successful buyers—already living within 1km—drawn to the home’s craftsmanship, generous proportions and family-focused design. Sold by Scott Patterson, Walter Dodich and Jacqui Bendall.
03. 39 Glassford Street, Armadale
A well-executed expressions of interest campaign delivered a result that exceeded expectations for this beautifully renovated Edwardian residence. Three buyers progressed to the final stage, resulting in a private boardroom auction being called where the property was on the market at $6 million. Its refined architecture, poolside entertaining spaces and prime position near High Street resonated strongly with local families. The eventual purchaser discovered the property through a print advertisement—reinforcing the impact of a strategically layered campaign in the prestige market. Sold by Gerald Delany and Nicole Gleeson.
04. 2331 Mornington-Flinders Road, Flinders
Set just moments from Flinders Village, this beautifully renovated single-level home delivered strong interest from weekenders seeking acreage close to the coast. Set on approximately eight manageable acres, the property appealed for its balance of rural ambience and lowmaintenance liveability—complete with sweeping views across a tranquil dam and rolling lawns. The purchasers, a Melbourne family who had long aspired to secure land near the village, were drawn to the turnkey interiors, generous outdoor space and room for children to roam. Sold by Andrew Hines and Cass Hines.
05. Penthouse/65 Lansell Road, Toorak (leased)
Leased off market on a longterm lease for $8000 per week (rising to $8400 in the second year), this extraordinary penthouse set a new benchmark for Toorak’s prestige rental market. The result reflects both the depth of demand in Melbourne’s luxury leasing sector and the calibre of renters seeking uncompromising quality. The Cera Stribley–designed residence impressed with its private lift access, expansive indoor–outdoor living, and panoramic terrace.
Kay & Burton’s strategy delivered a swift, seamless outcome befitting one of Toorak’s finest sky residences. Leased by Evelyne Surja.
06. 4 Rostill Court, Toorak
This architectural residence in one of Toorak’s most tightly held cul-de-sacs achieved a swift and competitive result, reflecting the calibre of the home and the strength of buyer demand in the precinct. The campaign generated immediate traction, with multiple families—both local and international—requesting early private inspections. A compelling offer was secured shortly after the first open, driven by the home’s exceptional craftsmanship, luminous interiors and seamless family layout. Its proximity to leading schools further reinforced its appeal to the successful purchasers. Sold by Grant Samuel, Darren Lewenberg and Robert Li.
07. 3 Keating Avenue, Sorrento
As the Peninsula emerged from winter and the first hints of spring arrived, enquiry for this newly completed coastal home increased sharply, culminating in a swift and successful negotiation. Purchased by a young professional family, the property resonated for its singlelevel design, elevated bay outlooks and effortless indoor–outdoor flow. A short settlement allowed the buyers to settle in time for Christmas, with the home’s relaxed coastal palette and prime position near Sorrento’s beaches and village offering an idyllic summer retreat and long-term potential as a future permanent residence or multigenerational holiday home. Sold by Liz Jensen, Lorna Duffy and Gabrielle Haynes.
08. 16 Molesworth Street, Kew
Occupying an exceptional 1649 sqm* allotment, this Chancellor & Patrick residence generated strong engagement, with multiple offers received at the end of the expressions of interest process. Buyers responded to the home’s architectural pedigree, rare frontage and expansive garden setting, while also recognising its significant potential for future enhancement. The successful purchasers—returning expatriates—were particularly drawn to the timeless design. Sold by Peter Kudelka, Ada Taylor and Garrick Lim.
09. 21 Wolesley Grove, Brighton
Strong engagement from three qualified buyers led to a sale exceeding $8 million for this contemporary Brighton residence, underscoring the continued depth of demand for turnkey, move-in-ready homes. In a market where buyers are increasingly prioritising convenience, quality and immediate lifestyle appeal, the property’s six-year-old build, generous landholding and private pool amplified its desirability. Interest came from both local and offshore purchasers, with the successful international buyer responding to its refined finishes, effortless family layout and close connection to the Brighton foreshore. Sold by Alex Schiavo, James Driver and Shantelle Francis.
10. 58A Lynch Crescent, Brighton
Leased within 14 days, this newly completed Silverline Homes residence achieved $4000 per week—outperforming other homes in the area. The successful tenancy was secured through Kay & Burton’s longstanding relationships with executive relocation partners, who introduced the family shortly after the property launched. Its northfacing orientation, elevated finishes and resort-style amenities resonated immediately, underscoring the strong and sustained demand for premium, turnkey leasing opportunities in Bayside. Leased by Megan Taylor.
11. 4A Gordon Crescent, Black Rock
Achieving the second-highest recorded sale in Black Rock—and the highest for a townhouse—this bespoke residence sold within one week following strong competition from three qualified buyers. Enquiry came from a diverse pool, including local purchasers, international interest and a Stonnington buyer introduced through the Kay & Burton network. The result, which exceeded expectations, highlighted the depth of demand for premium turnkey living in this tightly held pocket near the village and foreshore. Sold by Matthew Pillios, Kevin Yim and Shantelle Francis.
12. 6 Bonview Road, Malvern
Strong inspection numbers throughout the campaign reflected broad appeal for this beautifully finished single-level residence, with its turnkey nature proving a major drawcard for both young families and downsizers. A compelling early
offer secured the home prior to the close of the expressions of interest campaign, purchased by a local family who were attracted to its effortless flow, generous north-facing living zones and low-maintenance design. Its position close to Malvern amenities further reinforced the home’s desirability as a long-term lifestyle address. Sold by Oliver Booth, Walter Dodich and Nicky Rowe.
13. 18 Reid Street, Balwyn
This elevated 1053 sqm* landholding achieved $5.86 million, setting a new land-value benchmark for the Reid Estate. Three parties competed, with two bidders driving momentum from the $5.3 million level. Its wide frontage, views and proximity to leading schools appealed to builders, families and long-term investors. The purchasers intend to rent the property before building their dream home—reflecting continued confidence in Balwyn’s premier pocket. Sold by Sophie Su and Rachael Fabbro.
14. 1506/626 Heidelberg Road, Alphington (leased)
Achieving $1795 per week, this sub-penthouse set a new benchmark for the complex. Strong enquiry reflected rising demand for premium executive leasing, with the home’s expansive proportions, soaring ceilings and full-length winter garden drawing a high calibre of applicants. Its curated resident amenities and sweeping city and Yarra Parklands views positioned it as one of Alphington’s most impressive offerings, culminating in a long-term lease. Leased by Debbie Davut.
15. 15 Whyte Street, Brighton
This newly completed tri-level residence was secured by a local family downsizing from the Golden Mile. Their brief for a brand-new, low-maintenance home was perfectly met by the property’s refined finishes and exceptional indoor–outdoor entertaining zones. The sale highlights the depth of demand for premium turnkey homes in Bayside, with buyers increasingly prioritising new construction, efficiency and long-term lifestyle ease. Sold by Matthew Pillios and Melissa Grinter.
Stonnington +61 3 9820 1111
Level 7, 505 Toorak Road, Toorak
Bayside
+61 3 9592 6522
9 Male Street, Brighton
Red Hill +61 3 5989 1000
159 Shoreham Road, Red Hill South
Sorrento +61 3 5984 4744
106 Ocean Beach Road, Sorrento
Boroondara +61 3 8862 8001
553 Glenferrie Road, Hawthorn
Flinders +61 3 5989 1000
47A Cook Street, Flinders
Portsea +61 3 5984 4744
3741 Point Nepean Road, Portsea
This document has been provided for general information only and must not be relied upon in any way. Please contact the listing agent(s) for the most up-to-date information relating to the properties within this document.
All land sizes and measurements are approximate.
Cotality data
CBRE data
Domain
Produced by Kay & Burton
Editorial Jayitri Smiles
Editor Mikaela Day
Editor & creative Cameron Smith
