The 10 Most Expensive Suburbs in Australia
This is the list according to Australia’s leading residential property investment specialists, Meridian of Australia’s most expensive suburbs. What is most surprising is that 9 out of 10 suburbs are located in Sydney.
No. 1 Point Piper
It has a median house price of AUD 12.5 million. The small and affluent suburb Sydney’s east is at the top of the list.
No. 2 Darling Point
Just a kilometer from Point Piper, Darling Point’s waterfront residences boast a median house price of AUD 6.76 Million.
No. 3 Cremorne Point
It has a median house price of AUD 4.39 million and has been able to charm buyers with its picturesque views of the habour
No. 4 Bellevue Hill
It is another neighbor of the luxurious Point Piper and boasts a median house price of AUD 4.1 million.
No. 5 Woolwich
It is the most western of the Sydney suburbs listed on the rich list and has a median house price of AUD 4 million.
No. 6 Vaucluse
Atop the ocean cliffs of Sydney rests the affluent suburb of Vaucluse. It has expansive harbor view and carries a median price of AUD 3.92 million
No. 7 Tamarama
Tamarama is situated on the sandy shores of Sydney’s east and is the only beachside suburb to have made it into top 10. It has a median house price of AUD 3.46 million
No. 8 Lavendar Bay
Just three kilometres from Sydney’s central business district, it enjoys the charm of habourside views and is more densely populated. Lavender Bay fetches a median price of AUD 3.42 million.
No. 9 Toorak
The list finally welcomes its first Victorian entrant. It is the most expensive real estate in Melbourne and has a median house price of AUD 3.4 million.
No. 10 Dover Heights
Located between Vaucluse, North Bondi and Rose Bay, Dover Heights has a median house price of AUD 3.23 million. It is on the cliff side suburb of Sydney
Related Reports: Forbes
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