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    One of Australia's most extraordinary private estates is returning to the market for the first time in 16 years, and industry observers are already tipping it to rewrite the state’s residential record books.

    The landmark waterfront property at 43 Saunders Street, Mosman Park was purchased by mining magnate Chris Ellison and his wife Tia for $57.5 million in 2009, a figure that stood as Australia's highest residential sale price at the time.

    It is now being offered for sale through top agent Vivien Yap of Ray White Dalkeith Claremont.

    The sale of 43 Saunders Street is expected to be one of the most closely watched real estate transactions in Australian history.

    With its combination of unrivalled scale, irreplaceable river frontage, and blue-chip Mosman Park address, the property is positioned to smash the records again.

    The listing arrives amid a surge of momentum in Perth's prestige property market, with a convergence of improving economic conditions, returning expatriates, cashed-up locals and growing international investor interest, particularly from Asia, fuelling unprecedented demand in the western suburbs.

    Set across 7,567sqm of prime Swan River frontage in the exclusive suburb of Mosman Park, the estate is a rare assemblage of scale, luxury and lifestyle.

    The property comprises three separate buildings, a boathouse with direct access to jetty, a full-size tennis court, and a private cinema, a configuration that is virtually impossible to replicate in today's market.

    Selling agent Vivien Yap, Western Australia's leading prestige property specialist, said properties like this estate

    rarely appear.

    "This is a showstopper. From the serene jetty to open water in moments, every day is filled with a kind of lifestyle most people only dream of,” Ms Yap said.

    "Every element of this home has been designed for luxury, comfort and seamless riverside living.

    "This is more than a home. It's a place where every view and every moment feels extraordinary."


    Perth's prestige market is experiencing a confluence of demand drivers not seen in a generation.

    Strong interest has already been registered from buyers across Asia and from throughout Australia, with Ms Yap reporting significant enquiries since the appointment was confirmed.

    Ray White Chief Economist Nerida Conisbee said there were no signs of Perth’s market slowing down anytime soon.

    “In the last year, Mosman Park–Peppermint Grove’s median house price grew 16.9 per cent to $3.03 million. Perth is in its third consecutive year of double-digit growth in the luxury space, a run long enough that it no longer needs explaining as a post-pandemic effect or a commodity boom by-product.

    “It’s simply where Perth luxury is now.

    “The practical consequence is that the gap between Perth and Sydney luxury prices, which was once vast, is narrowing. Buyers who assumed Perth represented value relative to the eastern seaboard are still competing for it.”

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