Australia boasts some amazing locations from coast to coast. But where are the most desirable and opulent areas? We take a look at the most lavish suburbs based on the most expensive median prices. Spanning from $3.5-$5.7 million, we’ll also take a look at what makes them so popular.
1. Darling Point (NSW) – $5,700,000
Situated only four kilometres from the Sydney CBD, Darling Point offers superior views of the harbour. The suburb has been a favourite amongst mature residents for many years. Interestingly over 80% of residents here live in apartments rather than houses.
2. Cremorne Point (NSW) – $5,000,000
Cremorne Point is a popular harbour-side suburb located just six kilometres from Sydney’s CBD. Apartments are again the preferred housing format, taking advantage of the stunning views that the area contains. Typical residents of Cremorne Point are established families and older couples.
3. Bellevue Hill (NSW) – $4,780,000
Bellevue Hill has a luxurious feel with its laid-back bayside lifestyle, greenery and often-gated housing. There is a range of property styles from modest 1920s bungalows to modern mansions.
4. Vaucluse (NSW) – $4,300,000
Vaucluse is situated on the South Head Peninsula and offers great views of the Harbour City. The area is close to beaches and Sydney Harbour National Park, making it perfect for families.
5. Toorak (VIC) – $4,169,000
Located less than 10kms from the Melbourne CBD, Toorak has a reputation to match its price tag. The exclusive suburb offers an abundance of boutiques, cafes and restaurants. It provides a combination of historic mansions and newly built homes, with several prominent private schools.
6. Kirribilli (NSW) – $3,987,500
Just north of the Sydney CDB with views of the Opera House is Kirribilli. The affluent harbour locale is home to the official residences of the Prime Minister and Governor General.
7. Tamarama (NSW) – $3,850,000
Tamarama is a beachside suburb only seven kilometres east of Sydney’s CBD. A popular family friendly suburb is a favourite of beach-goers, located halfway along the Bondi to Bronte ocean walk. The enviable laidback lifestyle is attractive to many.
8. Peppermint Grove (WA) – $3,700,000
Peppermint Grove has long boasted some of Australia’s most expensive suburbs and has historically been home to some of Perth’s wealthiest families. It is closely situated to the beach on the north bank of the Swan River and offers luxury living to accompany its properties.
9.Mosman (NSW) – $3,600,000
Mosman streets are filed with historic homes and luxurious new houses. Located close to Balmoral Beach, it’s easy to see what makes this area so popular, particularly amongst baby boomers.
10. Double Bay (NSW) – $3,500,000
Double Bay has a reputation for its lifestyle, boasting popular boutiques, restaurants and cafes. The area is popular with a wide range of audiences from young professionals to families and downsizers who enjoy the relaxed lifestyle. The housing is a combination of new buildings and developments, Art Deco units and detached luxury homes.