Sydney beachfront home bought for A$29m, up from A$7.65m in 2014

A Mona Vale beachfront house recently set a new record by selling for A$29 million in a private sale. The property was previously owned by McDonald's Australia's chief executive and sold for A$7.65 million in 2014. The sale was conducted discreetly without public marketing, ensuring privacy for the owners. The previous record for Mona Vale was A$13.5 million, established in October 2025.