Toorak's residential price per square metre hits new high

Toorak's residential price per square metre hits new high
Toorak's residential price per square metre hits new high

An overseas buyer has paid $9.2 million for a four bedroom house in Toorak, at 12 Kenley Court setting the per-square-metre price at a record high.

The Foreign Investment Review Board reportedly approved the purchase by a Chinese national.

It was at a rate of $12,169 a square metre, eclipsing the record of $11,600 set in March by a three-bedroom house at 66 Clendon Road.

The cul de sac holding is 756 square metres. 

It was listed by Abercromby's agent Ada Taylor and Hugh Hardy.

Last month there was a Toorak offering by the longtime Australian golf promoter Tony Roosenburg. 

The knockdown 1970s Sargood Street home on 430 sq m came with plans by architect Rob Mills (below).

But the 5 Sargood Street offering was passed in at $4,010,000, with just the one bidder.

Kay & Burton agents Michael Gleeson and Nicole Gibson had a $4 million to $4.3 million price guidance.

Toorak's residential price per square metre hits new high

Keener bidding could have seen the recent $11,000 per sqm land value record neared or bettered. 

Tags: 
Toorak Home Sales

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