LUXURY HOMES
JANUARY 2026 EDITION
It is with great pride and genuine excitement that we welcome you to this edition of Luxury Homes. While curating and shaping this magazine, we’re reminded once again of the extraordinary privilege it is to showcase some of the most exquisite properties across our markets. Each home featured within these pages represents far more than remarkable architecture or refined design; it reflects a level of craftsmanship, exclusivity, and beauty that defines the very essence of luxury living. Our team has taken great care in selecting properties that inspire, captivate, and elevate the expectations of what a home can be. At Ray White, we’re immensely proud of our position as the most prolific group in the industry when it comes to selling luxury homes. This distinction is not achieved by chance. It is the result of unwavering dedication, market expertise, and a commitment to delivering an exceptional experience to the clients who entrust us with their most valuable assets. Thank you for joining us on this journey through some of the finest homes available today. We hope these pages ignite your imagination and deepen your appreciation for the unique properties that define the Ray White luxury offering.
ON THE COVER 4 Broula Road, Wahroonga, 2076 New South Wales, Australia
Adam Mckay
Georgia Low
+61 412 133 173
+61 451 933 623
adam.mckay@raywhite.com
georgia.low@raywhite.com
Ray White Upper North Shore
Ray White Upper North Shore
2 | Luxury Homes magazine - January 2026 edition
CONTENTS 06 LUXURY RETURNS TO SYDNEY AND MELBOURNE
10 AUSTRALIA’S MOST EXPENSIVE STREETS
14 QUEENSLAND LUXURY LISTINGS
22
33
35
39
NEW SOUTH WALES LUXURY LISTINGS
VICTORIA LUXURY LISTINGS
WESTERN AUSTRALIA LUXURY LISTINGS
NEW ZEALAND LUXURY LISTINGS
[37 Longman Terrace, Chelmer] Luxury Homes magazine - January 2026 edition | 5
LUXURY RETURNS TO SYDNEY AND MELBOURNE ATOM GO TIAN, RAY WHITE GROUP SENIOR DATA ANALYST
If you were speaking about luxury houses five years ago, you wouldn’t even consider markets outside of Sydney and Melbourne. Instead, when the pandemic accelerated trends of lifestyle migration and people started to look elsewhere for housing, luxury buyers proved themselves to be the most flexible, flocking away to where luxury was still sold at a ‘discount’. As a result, luxury growth has largely overlooked Sydney and Melbourne.
Luxury prices in the two major cities spiked briefly in 2021 as the initial COVID boom lifted all markets, only for both to lose half their gains the following year as interest rates surged and lifestyle migration gained popularity. From early 2023 onwards, the cities have struggled to return to this COVID peak, with the last 12 months proving to be their most productive. Sydney grew six per cent between 2024 and 2025 after growing just two per cent between 2023 and 2024 to finally reach a new peak luxury price of $4.5 million. Melbourne, on the other hand, is yet to reach its peak. Luxury house prices in the Victorian capital grew five per cent between 2024 and 2025 after declining one per cent between 2023 and 2024 to end 2025 at $2.6 million.
In total, Sydney grew 35 per cent in the last five years while Melbourne grew just 17 per cent, which was modest compared to Brisbane (+77 per cent), Perth (+76 per cent), Adelaide (+73 per cent), the Gold Coast (+72 per cent), and the Sunshine Coast (+68 per cent). This underperformance allowed the Sunshine Coast ($2.76M) and the Gold Coast ($2.86M) to overtake Melbourne ($2.62M) as the second and third most expensive luxury markets. Meanwhile, Brisbane ($2.32M) and Perth ($2.30M) are now just 12 per cent cheaper than Melbourne, compared to 43 per cent cheaper in 2020.
Luxury buyers who fled Sydney and Melbourne may return to markets offering better relative value than seen in years.
It’s easy to assume the new normal is a decentralised luxury market, but if the last 12 months signal what's to come, luxury buyers may just be beginning to rediscover the value of Sydney’s prestige waterfront streets and Melbourne’s leafy inner suburbs. The price “discounts” that drove buyers away from Sydney and into cheaper luxury enclaves of South East Queensland are not as significant anymore. In 2020, Sydney was twice as expensive as the Gold Coast and Sunshine Coast, and now it’s just 1.5 times more expensive. Against Brisbane and Perth, the premium has narrowed from 2.5 times to 1.9 times. In other words: Sydney’s premium looks more justified than overpriced.
The case in Melbourne is more complex as broader economic challenges in the wake of its extended lockdowns damaged its appeal to the exact buyers who could afford to look elsewhere. Yet paradoxically, it's because of Melbourne's weakness that it might be the better luxury bet for 2026. At only 17 per cent growth over five years, it significantly underperformed relative to its fundamentals as Australia's second-largest city. If the rate-cut cycle delivers and confidence returns, the luxury buyers who fled Sydney and Melbourne may find themselves returning to markets that now offer better relative value than they've seen in years.
8
AUSTRALIA’S MOST EXPENSIVE STREETS ATOM GO TIAN, RAY WHITE SENIOR DATA ANALYST
With a median house price of $39.35 million, Kambala Road in Bellevue Hill ranks as Australia's most expensive street in 2025. Last year’s leader, Wolseley Road recorded only three sales this year and was therefore excluded from the rankings, though its $51.5 million median would have otherwise retained the top position. Victoria Road in Bellevue Hill ($22.75 million) and Vaucluse Road in Vaucluse ($20.6 million) complete the top three.
Australia's most expensive streets remain overwhelmingly concentrated in Sydney and Bellevue Hill in particular, which claims six of the top 10 streets. The suburb's enduring appeal lies in its rare combination of proximity to both the CBD and multiple beaches, harbour views, and large estate-sized blocks on tree-lined streets. Vaucluse extends this harbourside premium with even more direct beach access and panoramic water views. 9
Even the exceptions to this pattern reinforce the importance of proximity to prestige amenities and green space. Clendon Road in Toorak ($17.75 million) sits at the heart of Melbourne's most affluent suburb, while Lang Road ($18 million) in Centennial Park has Sydney's iconic parklands as its backyard. The magnitude of the difference between the top streets across major cities is striking: Sydney's most expensive streets are more than five times more expensive than the leading streets in Perth and Brisbane, and more than 10 times the premium streets in Canberra and Adelaide. This disparity reflects Sydney's unique position as both Australia's financial capital and its most internationally connected city, combined with geographic constraints that limit harbourside land supply. Despite these gaps, each capital city has developed its own luxury property hierarchy. Melbourne's luxury market remains centred around Toorak, led by Clendon Road, St Georges Road ($15.25 million) and Linlithgow Road ($14.9 million). Brisbane's luxury real estate shows a more diverse pattern, led by Laidlaw Parade in East Brisbane at $6.5 million, with premium streets spread across Wendell Street in Norman Park ($6.44 million) and Macquarie Street in Teneriffe ($6.15 million). Perth's luxury market concentrates in the Peppermint Grove–Dalkeith corridor, with Forrest Street in Peppermint Grove commanding $7.5 million.
Australia’s most expensive streets remain overwhelmingly concentrated in Sydney.
The remaining capital cities operate at notably lower price points. Canberra's premium market gravitates towards Forrest, with Arthur Circle reaching $3.8 million. Adelaide's luxury market centres on Walkerville, with Church Terrace topping at $4.177 million. Hobart's Sandy Bay area, particularly Red Chapel Avenue at $1.765 million, represents Tasmania's premium market. Darwin's highest-valued streets, led by East Point in Fannie Bay at $1.67 million, illustrate the significant value gap between northern Australia and its southern counterparts.
11
The Centennial Collection is an offering of premium residences set beside Centennial Park. The residences enjoy impressive harbour and parkland views, providing a rare outlook across some of Sydney’s most celebrated landscapes. Spacious, light-filled interiors feature marblewrapped kitchens, stone bathrooms and generously designed bedrooms. Amenities include a rooftop summer pool, an all-season mineral lap pool with adjoining wellness facilities such as a steam room, infrared sauna, gymnasium and dedicated concierge services. With café and retail offerings on the ground floor and a position at the gateway to the Eastern Suburbs - moments from renowned dining, boutiques and transit links, The Centennial Collection delivers parkside living with exceptional convenience. Construction is well underway. Display gallery available by appointment. Marcello Bo Ray White Projects 1300 572 533 thecentennialcollection.com.au
Billyard Ave embodies the grandest of oldworld architecture with a modern flair, giving it a distinctively Sydney edge. Nestled along Sydney’s coveted harbourside, Elizabeth Bay stands as a timeless symbol of exclusivity and privacy. Steeped in history, this prestigious suburb has long been revered as a haven for the elite. The primary living spaces of each of the nine residences face north, with most enjoying boat-studded marina and harbour views. The interiors feature bold, rounded forms and fluted stone, parquetry and patterned tiling, while thoughtfully designed cabinetry and generous proportions maintain the sense of limitless space throughout every room. Now complete, these impeccably finished residences are ready to welcome you home.
For more information and to see a floorplan, please enquire at www.billyardave.com.au EDDIE MANSOUR 0424 251 259
QUEENSLAND
14
'SKYLINE' BY GRAYA AND JOE ADSETT ARCHITECTS 9 Reading Street Paddington, QLD Australia AUCTION
Matt Lancashire +61 416 476 480 Josh Brown +61 403 139 397
RAY WHITE NEW FARM
'BARA PIND' - A GRAND C.1925 FAMILY ESTATE WITH RIVER, CITY AND PARKLAND VIEWS 70 Laidlaw Parade East Brisbane,QLD Australia AUCTION
Matt Lancashire +61 416 476 480 Meaghan Bakker +61 414 809 823
RAY WHITE NEW FARM
'RIVERTON' - A RIVERSIDE LANDMARK REIMAGINED FOR FAMILY LIVING 37 Longman Terrace Chelmer, QLD Australia EXPRESSIONS OF INTEREST
Matt Lancashire +61 416 476 480 Josh Brown +61 403 139 397
RAY WHITE NEW FARM
LUXURY, LIFESTYLE AND ARCHITECTURAL EDGE 24 Kingsholme Street Teneriffe QLD Australia SOLD
Alexander Shean +61 414 841 085
RAY WHITE ASCOT
'BLANCA' - LAID-BACK LUXURY IN THIS TRANSFORMED QUEENSLANDER 54 Carberry Street Grange,QLD Australia SALE
Andrew Flanagan +61 412 318 086 Damon Warat +61 413 200 063
RAY WHITE ASCOT
LUXURY NORTH-FACING ON THE MAIN RIVER 6 “Helm” 107 Stanhill Drive Chevron Island,QLD Australia AUCTION
Andrew Bell +61 412 243 197 Julie McCarthy +61 409 994 450
RAY WHITE BELL GROUP
SCULPTURAL STATEMENT OF WATERFRONT SOPHISTICATION AND SERENITY 31 The Sovereign Mile Sovereign Islands,QLD Australia EXPRESSIONS OF INTEREST
James Drake +61 449 747 491 Joseph Robilotta +61 433 128 186
RAY WHITE RUNAWAY BAY
NEW SOUTH WALES
QUINTESSENTIAL BELLEVUE HILL FAMILY HOME OF UNDERSTATED LUXURY 83 Bulkara Road Bellevue Hill,NSW Australia EXPRESSIONS OF INTEREST
Ashley Bierman +61 410 161 881 Reuben Dunn +61 499 111 448
RAY WHITE DOUBLE BAY
BAYSIDE OPULENCE - WELCOME TO AQUA ARC 196A Woolooware Road Burraneer, NSW Australia EXPRESSIONS OF INTEREST
Tiffany Perez +61 418 634 085 Mary Orfanos +61 422 889 000
RAY WHITE SUTHERLAND SHIRE | CRONULLA
FAMILY PERFECTION, DREAM BRAND NEW TROPHY HOME 4 Broula Road Wahroonga,NSW Australia SALE
Adam Mckay +61 412 133 173 Georgia Low +61 451 933 623
RAY WHITE UPPER NORTH SHORE
COMMANDING BRAND NEW DOUBLE BRICK PALATIAL MASTERPIECE, PRESTIGE EAST-SIDE 2 Lennox Street Gordon,NSW Australia EXPRESSIONS OF INTEREST
Coco Roskam +61 422 683 409
RAY WHITE UPPER NORTH SHORE
BRAND NEW ARCHITECTURAL BRILLIANCE, BENCHMARK KILLARA HOME 54 Spencer Road Killara, NSW Australia EXPRESSIONS OF INTEREST
Matt Payne +61 435 825 242 Coco Roskam +61 422 683 409
RAY WHITE UPPER NORTH SHORE
OPULENCE, PRESTIGE AND LUXURY EAST-SIDE FAMILY LIVING BEYOND COMPARE 18 Carinya Road Pymble, NSW Australia SOLD
Rowan Lazar +61 412 329 789 Graeme Schultz +61 413 006 631
RAY WHITE UPPER NORTH SHORE
LARGE AND LUXURIOUS, A TROPHY FAMILY HOME 15 Pibrac Avenue Warrawee, NSW Australia EXPRESSIONS OF INTEREST
Adam Mckay +61 412 133 173 Tony Lu +61 414 831 864
RAY WHITE UPPER NORTH SHORE
ELEGANT ARCHITECTURAL REDESIGN, NORTHERLY ASPECT AND SWEEPING VIEWS 95 Pacific Road Palm Beach,NSW Australia EXPRESSIONS OF INTEREST
Tara Jaijee +61 423 737 826
RAY WHITE NORTHERN BEACHES
ARCHITECTURAL MASTERY WITH HORIZON OUTLOOKS 46 Bynya Road Palm Beach,NSW Australia EXPRESSIONS OF INTEREST
Noel Nicholson +61 411 884 290
RAY WHITE NORTHERN BEACHES
STUNNING WATERFRONT ENTERTAINER 78 Prince Alfred Parade Newport, NSW Australia EXPRESSIONS OF INTEREST
Emma Blake +61 407 237 333 Sasha de Bilde +61 415 431 254
RAY WHITE NORTHERN BEACHES
VICTORIA
33
A NATIONAL AWARD-WINNER WITH WORLDCLASS LUXURY 285 Belmore Road Balwyn North, VIC Australia EXPRESSIONS OF INTEREST
Helen Yan +61 404 078 588 Ray Tian +61 432 191 125
RAY WHITE BALWYN
WESTERN AUSTRALIA
LUXURY LIVING, REDEFINED. 219 The Esplanade Mount Pleasant,WA Australia EXPRESSIONS OF INTEREST
Vivien Yap +61 433 258 818 Rio Varen +61 411 682 888
RAY WHITE DALKEITH CLAREMONT
FREMANTLE'S MOST MAGNIFICENT RESIDENCE 6 Collie Street Fremantle, WA Australia EXPRESSIONS OF INTEREST
Michael Harries +61 434 076 229 Kat Goddard +61 408 791 299
RAY WHITE DETHRIDGE GROVES
PRESTIGIOUS RIVERFRONT LIVING 4 Riverside Drive Mosman Park,WA Australia EXPRESSIONS OF INTEREST
Jody Fewster +61 414 688 988
RAY WHITE COTTESLOE MOSMAN PARK
NEW ZEALAND
ELEVATED COASTAL PERFECTION Hawks Nest, Ashton Road Matakana Coast, New Zealand EXPRESSIONS OF INTEREST
Sue Hatton +64 27 279 9696 Jo McDonald +64 27 412 9984
RAY WHITE PONSONBY Megan Jaffe Real Estate Limited Licensed (REAA 2008)
SCULPTED FOR LIVING. THE ART OF HOME. 16 Dunedin Street St Marys Bay, New Zealand EXPRESSIONS OF INTEREST
Patrick McCarthy +64 27 233 3988 Mike Simpson +64 21 605 354
RAY WHITE PONSONBY Megan Jaffe Real Estate Limited Licensed (REAA 2008)
ARCHITECTURAL EXCELLENCE MEETS NATURE'S BEAUTY 194 Potts Road, Whitford New Zealand EXPRESSIONS OF INTEREST
Brianne Bignell +64 21 400 979 Dillon Smith +64 21 027 81067
RAY WHITE BEACHLANDS Five AM Realty Limited Licensed (REAA 2008)
PRESTIGE AMONG THE POHUTUKAWA – A SECLUDED COASTAL RETREAT 50 Dolphin Place Tutukaka, New Zealand EXPRESSIONS OF INTEREST
Sally Jordan +64 27 241 5846 Peter Vink +64 21 436 097
RAY WHITE WHANGAREI & TUTUKAKA Goode Leith Realty Limited Licensed (REAA 2008)
HAMPTONS ELEGANCE AT POINT WELLS 26 Sandpiper Avenue Point Wells, New Zealand EXPRESSIONS OF INTEREST
Victoria Turner +64 21 795 099
RAY WHITE MATAKANA On Point Realty Group Limited Licensed (REAA 2008)
ELEVATED COASTAL RESIDENCE 1612P Pakiri Road, Pakiri New Zealand EXPRESSIONS OF INTEREST
Victoria Turner +64 21 795 099
RAY WHITE MATAKANA On Point Realty Group Limited Licensed (REAA 2008)
ULTIMATE LUXURY OVERLOOKING OHOPE BEACH 90 Otarawairere Road Ohope, New Zealand EXPRESSIONS OF INTEREST
Tony Bonne +64 27 440 1126 Colin Magee +64 27 216 7099
RAY WHITE OHOPE Paramount Realty Ohope Limited Licensed (REAA 2008)
[219 The Esplanade, Mount Pleasent] Luxury Homes magazine - January 2026 edition | 47
47