Top ten most expensive suburbs revealed

By Staff Reporter

One city has dominated a list of Australia’s top 10 most expensive suburbs, newly-released figures show.

Sydney's Centennial Park is the most expensive suburb in Australia, with a median house value of $6,295,973, in the year to December 2015, according to CoreLogic RP Data.

Point Piper finished second with a median value of $5,898,542, followed by Darling Point ($5,820,051), Vaucluse ($4,375,781), Bellevue Hill ($4,346,180), Tamarama ($3,762,594), and Dover Heights ($3,594,684).

Peppermint Grove in PerthPerth, TAS Perth, WA was the only suburb outside Sydney to rank in the top 10 list for houses, with a median value of $3,564,725.

The top 10 was rounded out by Sydney’s Double Bay ($3,323,665) and Whale Beach ($3,307, 451).

The top 10 most expensive suburbs for units were all located in Sydney, with Point Piper ranked number one, with a median value of $2,219,503.

Darling Point was second with a median value of $1,665,104, followed by The Rocks ($1,664,513), Cabarita ($1,515,092), Millers Point ($1,479,816), Cremorne Point ($1,299,864), Huntleys Cove ($1,281,955), Balmain East ($1,252,908), Tamarama ($1,232,265) and North Ryde ($1,222,875).

The data also showed that nationally, a total of 503 suburbs held a median value above $1 million at the end of 2015 – up 31 per cent on the 12 months prior.

“There was a time when housing that cost more than $1 million was seen as exclusive,” CoreLogic RP Data research analyst Cameron Kusher said.

“However, with recent increases in home values, suburbs with a typical home value of more than $1 million are becoming more common.”

Read more: 

Are property prices really going to drop by 50%? 

Changes to haul property management into 21st century 

'Increasing risk' in property market 

How to evict your tenants 

My sink-or-swim investment strategy 

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
BLUE BAY 49.18%
Top ten most expensive suburbs revealed
SPI logo