Teychel is situated on an oversized block of approximately 4500 square meters and is offered as an opportunity to renovate and extend, or demolish and rebuild a new dream home.

In Toorak, there were two major announcements this week, including the architect-designed residence at 3 Macquarie Road, asking for $28-30 million. Set in 2,100 square meters, the six-bedroom residence with rolling lawns, tennis court and swimming pool was designed by Gabor Hubay as his own home before being sold in 2013 for $14.125 million.

The Arts and Crafts-style Little Milton at 26 Albany Road has also hit the market, guided between $27 million and $29 million. Set on 2,470 square meters of land, the Cotswold-inspired home was designed by architect Muriel Stott and built in 1926 and includes updates such as a tennis court, swimming pool, 12-car garage and garage. marble kitchen.

The agents on Toorak’s two listings are Michael Gibson and Robert Fletcher of Forbes Global Properties.

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Gibson said the two recent record sales have “unquestionably” reset values.

“You can’t ignore them, two big sell-offs in a short period of time revalue this high end of the market,” he said.

“In Toorak, there are probably only six or seven properties on over 6,000 square meters. These trophy houses are re-evaluated overnight.

Anyone who owns a AAA Toorak home can expect a AAA price, he said.

Marshall White’s Marcus Chiminello said the bumper sales had created positive sentiment, but asked if they reset values, he replied that it was a case of “yes and no”.

“It didn’t necessarily recalibrate values, but it recalibrated trust,” he said. “One or two sales doesn’t entirely change the market, but it does change confidence.

“It can change expectations. This does not necessarily change the value.

He expects the spring sales season to start late as premium homeowners realize they can be sheltered from the general market downturn and are confident they can meet their expectations. in terms of price. But he said generational home owners decide whether or not to sell based on their lifestyle, not market conditions.

RT Edgar’s Jeremy Fox said the high-end market was tracking well as buyers looked to increase in size.

“They’ve made a lot of money in their business or their technology, and that’s driving the high-end market,” he said.

He has listed a Parisian-style six-bedroom family home with a guide price of $14-15.3 million at 9 Kenley Court, Toorak.

He thought record sales were “absolutely” resetting values.

“It won’t be long before someone hits the $100 million mark.”

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