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Move over Ivanhoe, SA has a new residential property transaction record – and the amount paid in fees alone is more than our state’s median house price.
Adelaide’s run of big sales continues, with the sale of a half-finished Leabrook mansion, which has eclipsed the previous state-record holder by $1 million.
According to Department of Planning, Transport and Infrastructure records, 19 Statenborough St, Leabrook transacted on June 30 for a record $8 million.
Formerly owned by Richard DeChellis, SR Property & Consulting Pty Ltd now holds a 10 per cent share in the under-construction Leabrook home, while Dechellis Constructions Pty Ltd — of which Mr DeChellis is one of four company directors — holds the other 90 per cent.
While Toop&Toop Real Estate chairman Anthony Toop — who was involved in the transfer — stressed it was not technically a sale, it is the highest priced residential property transaction to have been processed by the Land Titles Office.
“It’s a fair dinkum transaction and a record, but it’s not a sale.”
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According to the certificate of transfer, the new owners paid a whopping $433,830 in stamp duty and a further $65,867.50 in LTO fees.
It is almost four and a half times more than Leabrook’s current median house price of $1.8175 million. Read more about the property here.
While the transaction set a new benchmark for prestige property in SA, the landmark home is not the first to make headlines for its eye-watering sale price.
An analysis of CoreLogic data of settled properties to June 1, this year, has revealed the top sale in each of Adelaide metro council regions, with the 19 properties rounding out to a combined total of $72 million. See the full list below.
While Burnside Council now holds the citywide record for top residential sales, Walkerville’s 9 Edwin Tce, Gilberton, which sold for $7 million, set the previous record Two-and-a-half years ago.
The sale eclipsed the now third highest sale, historic Glenelg mansion Stormont, which sold for $6.5 million in 2010.
While some council records were set more than 10 years ago, the majority of top sales were made over the past two years.
Among the most recent sales is 81 Seaview Rd, Tennyson – the former beachside home of the Shahin family – which settled for $5.2 million in April, this year.
•City of Adelaide
165 East Tce, Adelaide sold for $4.75 million.
165 East Tce, Adelaide – $4.75 million.
4 bed, 4 bath, 2 car
Land: 1614sqm.
Year built: 1985
Settlement date: December 13, 2018.
•Adelaide Hills Council
5 Scott Creek Rd, Heathfield sold for $4.1 million.
5 Scott Creek Rd, Heathfield – $4.1 million.
5 bed, 5 bath, 9 car
Land size: 8.17ha
Year built: 2003
Settlement date: February 24, 2016.
•City of Burnside
19 Statenborough St, Leabrook sold for $8 million. Picture: Tom Huntley
19 Statenborough St, Leabrook – $8 million.
Land size: 2261sqm
Settlement date: June 30, 2019.
•Campbelltown City Council
37 Shakespeare Ave, Tranmere sold for $2.1 million.
37 Shakespeare Ave, Tranmere – $2.1 million
8 bed, 6 bath, 3 car
Land size: 3149sqm
Year built: 1982
Settlement date: July 12, 2010.
•City of Charles Sturt
81 Seaview Road Tennyson sold for $5.2 million.
81 Seaview Rd, Tennyson – $5.2 million
7 bed, 8 bath, 4 car
Land size: 748sqm
Year built: 2010
Settlement date: April 17, 2019.
•City of Holdfast Bay
Stormont mansion at 14 South Esplanade, Glenelg sold for $6.5 million.
14 South Esplanade, Glenelg – $6.5 million.
6 bed, 4 bath
•City of Marion
15 Marine Pde, Marino sold for $1.515 million.
15 Marine Pde, Marino – $1.515 million
5 bed, 2 bath, 2 car
Land size: 900sqm
Year built: 1976
Settlement date: May 18, 2015
•City of Mitcham
5 Brookside Rd, Springfield sold for $4.6 million.
5 Brookside Rd, Springfield – $4.6 million
4 bed, 3 bath, 4 cat
Land size: 2397sqm
Year built: 1927
Settlement date: 29 March, 2016
•Mount Barker District Council
444 Hawthorn Road, Echunga sold for $2.7 million.
444 Hawthorn Rd, Echunga – $2.7 million
4 bed, 4 bath
Land size: 32.4ha
Year built: 1998
Settlement date: December 11, 2017
•City of Norwood Payneham & St Peters
68 Battams Rd, Marden sold for $5.3 million. Picture: Bianca De Marchi
68 Battams Rd, Marden – $5.3 million
6 bed, 4 bath, 3 car
Land size: 3500sqm
Year built: 1880
Sale price: $5.3 million
Settlement date: October 5, 2018.
•City of Onkaparinga
231 Esplanade, Aldinga Beach sold for $2.05 million.
231 Esplanade, Aldinga Beach – $2.05 million
4 bed, 4 bath, 6 car
Land size: 1906sqm
Year built: 2012
Settlement date: August 19, 2015.
•City of Playford
253 Short Rd, Penfield Gardens sold for $2.325 million.
253 Short Rd, Penfield Gardens – $2.325 million
4 bed, 3 bath, 2 car
Land size: 4.27ha
Year built: 1982
Settlement date: July 14, 2017.
•City of Port Adelaide Enfield
30-34 Hall Street, Semaphore sold for $2.625 million.
30-34 Hall St, Semaphore – $2.625 million
5 bed, 3 bath, 6 car
Land size: 1642sqm
Year built: 1900
Settlement date: May 17, 2016.
•City of Prospect
20 Fitzroy Tce, Fitzroy sold for $5.55 million.
20 Fitzroy Tce, Fitzroy – $5.55 million
6 bed, 4 bath, 6 car
Land size: 2508sqm
Year built: 1870
Settlement date: June 26, 2017.
•City of Salisbury
6 McKinlay Court, Mawson Lakes sold for $2.1 million.
6 McKinlay Court, Mawson Lakes – $2.1 million
5 bed, 4 bath, 3 car
Land size: 837sqm
Year built: 2002
Settlement date: October 1, 2008.
•City of Tea Tree Gully
18 Bellerophon Street, Yatala Vale sold for $1.56 million.
18 Bellerophon St, Yatala Vale – $1.56 million
4 bed, 2 car
Land size: 4004sqm
Year built: 2012
Settlement date: June 1, 2018.
•City of Unley
*No picture available
16 Northgate St, Unley Park – $5.2 million
Land size: 4061sqm
Year built: 1905
Settlement date: April 26, 2018.
•Town of Walkerville
9 Edwin Tce, Gilberton sold for $7 million. Picture: Bianca De Marchi
9 Edwin Tce, Gilberton – $7 million
5 bed, 3 bath, 2 car
Land size: 4346sqm
Year built: 1889
Settlement date: November 15, 2016.
•City of West Torrens
30 Strathmore Ave, Lockleys sold for $2.25 million.
30 Strathmore Ave, Lockleys – $2.25 million
4 bed, 4 bed, 3 car
Land size: 1371sqm
Year built: 2008
Settlement date: August 30, 2013
STORY BY LYDIA KELLNER AND TOM BOWDEN