Jul 31, 2026 – 12.46pmPharma billionaire Dennis Bastas paid just over $136 million for Melbourne’s historic estate Coonac last year, German shoe heir Alex Birkenstock paid $83.5 million for a Rose Bay mansion in Sydney’s east, while software entrepreneur Karen Cariss paid a record-setting $36 million for a beachfront compound next door to Chris Hemsworth near Byron Bay.These headline-generating deals were some of the heftiest sales in an unparalleled year for property transactions worth $5 million or more, according to a new report by Westpac Private Wealth.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Mosman leads top end’s record run of $5m-plus house sales
Last year set a record for prestige property sales, but the bull market may be over as top-end buyers worry about war, interest rates, and Labor’s tax shake-up.
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