The historic Myer Family mansion in Toorak, Victoria, is set to become the first property in the state to surpass the $100 million price mark, a feat spurred in part by what is being called the “Trump bump.” Following the recent U.S. election, international interest in luxury Australian real estate has surged, with high-net-worth individuals looking for stable, prestigious properties outside the U.S. The Myer mansion, a landmark estate steeped in history and grandeur, has become a key symbol of this renewed interest, drawing buyers from around the globe.
Located in Melbourne’s affluent Toorak suburb, the Myer mansion boasts expansive grounds, exquisite architecture, and a legacy tied to one of Australia’s most prominent families. The estate’s potential sale at such a high valuation reflects both the desirability of Australian luxury real estate and the influence of international political events on property demand. The so-called “Trump bump” underscores how political uncertainty can drive wealth migration, as affluent individuals seek out investments in stable, secure locations.
As the estate nears its historic sale, real estate experts suggest this could mark a trend in which luxury properties across Australia attract unprecedented interest from foreign buyers. If finalized, this sale will set a new benchmark in the Australian market, signaling a shift in the valuation of heritage estates and reinforcing the appeal of high-value real estate assets in the post-election global market.
