Australia’s most expensive streets to buy a house can be found in Sydney. But which Aussie city is the most affordable?
The most expensive street in Australia has a median price of $23,755,000.
Sydney’s Wolseley Road in Point Piper has topped the country’s most expensive streets list according to data from Ray White taken over the past 12 months.
Unsurprisingly, the street attracts Australia’s wealthiest residents – from Westfield chairman Frank Lowy, Hungry Jacks’ owner Jack Cowin and ex-Prime Minister Malcolm Turnbull.
Overall, Sydney takes the cake for most expensive suburbs in Australia – with the eastern suburbs making up the majority of the top ten wealthiest streets. Victoria isn’t too far behind, with Linlithgow Road and Clendon Road in Melbourne’s Toorak also making the top ten.
On the other end of the scale, the cheapest street in Australia can be found in regional NSW. A five-hour drive from central Sydney, the median price for a house in Wollongough St Ungarie, Central West is $32,300.
Factors contributing to high property prices on Australia’s most expensive streets include scarcity, exclusivity, and demand for luxury living in prime locations.
Here’s what the median house price by street looks like across the county.
NEW SOUTH WALES
Top 5 most expensive
• Wolseley Rd, Point Piper – $23,755,000
• Wentworth Rd, Vaucluse – $18,888,000
• Coolong Rd, Vaucluse – $14,725,000
• Olola Av, Vaucluse – $14,000,000
• Bulkara Rd, Bellevue Hill – $13,725,000
Top 5 cheapest
• Lachlan St, Bogan Gate, Central West – $115,000
• Ungarie St, Ungarie, Central West – $109,500
• Ethel St, Ungarie, Central West – $82,000
• Cargelligo St, Tullibigeal, Central West- $35,000
• Wollongough St, Ungarie, Central West – $32,300
VICTORIA
Top 5 most expensive
• Linlithgow Rd, Toorak – $14,900,000
• Clendon Rd, Toorak – $13,850,000
• St Georges Rd, Toorak – $13,000,000
• Albany Rd, Toorak – $11,182,500
• St Vincent Pl, Albert Park – $10,500,000
Top 5 cheapest
• Peppercorn Way, Serpentine, Bendigo – $205,000
• Wilson St, Wedderburn, Bendigo – $200,000
• Victoria St, Pyramid Hill, Bendigo – $190,000
• Kelly St, Pyramid Hill, Bendigo – $190,000
• Vernon St, Korong Vale, Bendigo – $110,000
QUEENSLAND
Queensland’s richest addresses can be found in Mermaid Beach, Surfers Paradise, Hope Island and Carrara. For more affordable living you’ll have to look further from the beach to the Northern Gold Coast suburbs of Helensvale, Coomera and Upper Coomera, where the street median comes in under $886,000.
Top 5 most expensive
• Hedges Av, Mermaid Beach – $10,500,000
• Edgecliff Pl, Hope Island – $6,675,000
• Admiralty Dr, Surfers Paradise- $6,119,000
• Mcanally Dr, Sunshine Beach – $6,050,000
• Maryland Av, Carrara – $6,000,000
Top 5 cheapest
• Park St, Charters Towers City, Townsville – $138,000
• High St, Charters Towers City, Townsville – $120,000
• Spencer St, Macknad, Townsville – $110,000
• Mill St, Pentland, Townsville – $95,000
• Mackay St, Pentland, Townsville – $79,000
SOUTH AUSTRALIA
The Common, Edmund Ave and Malvern’s Eton St make up Adelaide’s top three most expensive streets. The city’s most affordable street is Cushen St in Smithfield Plains with a median house price of $188,250.
Top 5 most expensive
• The Common, Beaumont – $2,880,000
• Edmund Av, Unley – $2,590,500
• Eton St, Malvern – $2,404,000
• Halsbury Av, Kingswood – $2,330,000
• Fourth Av, St Peters – $2,300,000
Top 5 cheapest
• West Tce, Kimba – $91,500
• Thomas St, Minnipa – $88,000
• Bourke St, Peterborough- $85,000
• Stuart St, Coober Pedy – $51,000
• Sixth St, Port Pirie West – $62,000
References:“Revealed: Australia’s 100 most expensive streets” By Giselle Bueti
