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Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →A luxury home on King Albert Road in Trigg, Perth, reportedly sold for A$8.95 million in July 2025, about A$7.05 million below its initial A$16 million asking price. That is the basis for the “bargain” headline—not evidence that the property sold below an independent valuation or its fair market value.
What did the Trigg home sell for?
PerthNow reported on 28 July 2025 that the home sold that month to Lani Stewart for A$8.95 million. The report said resources businessman Klaus Eckhof had initially listed it for A$16 million. REIWA later reported the same sale price and initial listing price for the King Albert Road property.
The difference is A$7.05 million: A$16 million minus A$8.95 million. In rounded headline terms, the home sold about A$7 million below its initial asking price. That figure describes a reduction from the asking price, not a discount from a valuation or a previous sale price. (PerthNow; REIWA)
What was the property like?
PerthNow described a three-level home on a 989-square-metre block opposite Clarko Reserve. Reported features included ocean views, four bedrooms, four bathrooms, a six-car garage, gym, spa, sauna, steam room, lift, two ponds and a lap pool. REIWA also identified the house as having four bedrooms, four bathrooms and a six-car garage.
PerthNow reported that Eckhof bought the block in 2006 for A$4 million, then spent a further A$4.1 million with his wife, Gabi, building the home a couple of years later. Those historical purchase and construction figures are not a valuation of the property at the time of its 2025 sale. (PerthNow; REIWA)
Does “bargain” mean it was undervalued?
Not on the available figures. The A$7.05 million gap compares the reported sale price with the original asking price. Neither PerthNow nor REIWA reported an independent appraisal, a sale-versus-valuation comparison, or enough comparable luxury-home sales to establish whether A$8.95 million was below fair market value. The seller’s reason for accepting the price is also not established.
Trigg’s suburb-wide median provides context, but it is not a like-for-like valuation for a custom home with ocean views and extensive amenities. Median figures combine sales of different properties, sites and conditions, and their time periods matter:
- PerthNow reported a 27.8 per cent year-on-year rise to a A$2.3 million median, attributing the figures to REIWA. The article did not specify the exact cutoff date for that comparison. (PerthNow)
- REIWA’s 2024–25 annual table gives Trigg’s median house sale price as A$2.3 million. (REIWA)
- In a later update, REIWA reported the same A$2.3 million median and a 17 per cent increase over the 12 months to October 2025. That is a different measurement period from the one in PerthNow’s July report. (REIWA)
Those suburb-level figures show the broader price context; they do not show what a similar luxury home was worth or establish that this particular sale was a bargain by valuation standards.
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What is confirmed—and what remains unverified?
The transaction details in the published reports are not the same as a title record, contract of sale or independent appraisal. The sources reviewed do not provide those documents or a statement from the buyer or seller. The reported sale price, purchaser and property history should therefore be read as reported information, not independently verified legal or valuation records.
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