Mooted $40 million Toorak sale

A home on Toorak’s St Georges Road has reportedly attracted a $40 million offer - which would set the Victorian house price record.  

Domain reports a “whale” buyer, based offshore, quietly agreed to pay the record-breaking price for the trophy home when they were in Melbourne about six weeks ago.

The buyer’s advocate David Morrell is quoted as saying the vendors had been seeking a buyer for three years.

“This highlights something that’s been for sale for years, none of the locals can afford to buy it or suggest to buy it, and then some offshore person comes and buys it, and it will never come back on the market again,” he said.

“If you go up and down St Georges Road, you’ll start seeing that all these houses are just locked away.”

The Melbourne record was set in December last year when a new house on Towers Road in Toorak, owned by arts patrons and entrepreneurs Daniel and Danielle Besen, sold. 

No. 9 Towers Road, Toorak, sold for $26.25 million last year.