NEWS
Looking for the house of our dreams? These are the most expensive places to live in Australia
Who has never thought about the house of his dreams? How big and nice, well located and surrounded it would be. So many hours feeling the comfortable warmth, in the perfect place to call it “home”. And the question that we always forget in that dream, which should be the price of them?
If you have been wondering the most wonderful houses are in Australia, with the most stunning views, and the most interesting locations, or at least the most expensive ones, you are lucky, because RP Data has revealed which are the most expensive suburbs for owning a home. Using median values analysis for houses, Senior RP Data Analyst Tim Lawless has identified the most expensive locations in Australia mainly in 2 cities: Sydney and Perth.
Unsurprisingly, Sydney waterside suburbs dominate the upper cost. Point Piper takes the national crown, with a median value of a cool $7.3 million. The suburb also has a very high rate of home ownership; of 148 detached houses, 57 percent are owned outright.
Out of NSW, Peppermint Grove is the richest suburb in Western Australia, and fifth overall. The median house value there is $4,284,941 million.
Eagle Bay, in the Margaret River region, has also a median house value of $2.86 million – but the most expensive home currently on the market is priced at $10.5 million.
Furthermore, out of this “league” between richest suburbs in NSW and WE, Queensland’s most expensive suburb for houses is Main Beach, on the Gold Coast but still being out of the list. Number 34 on the overall rich list, Main Beach has a mere 88 detached houses (just 5,9 percent of all properties).
On the other hand, Bayview is the highest placing suburb in the Northern Territory, ranked 196 overall. Median house value there is $1,081,238 million.
So, with these crazy prices, the main question is what pulls premium prices from buyers into these areas? Lawless says there’s definitely a pattern. Suburbs are either close to the water, feature heritage homes or offer large blocks of land. Many have all three going for them. All but three are less than 10km from their CBD.
Battery Point is the only suburb in Australia where it costs less than $1 million to buy into the rich list, with a median house value of $861,560.
We have to point that this rich list is actually the home of just the 1% of Australia’s population, and even with the top 25 suburbs and surrounds accounting for just 0,5 per cent of the whole population of the country. According to Mr Lawless, the vast majority of people can’t afford to buy, or for that matter, rent in these suburbs.
And to close, here is the list with top 25 richest suburbs and their median house value. Maybe yo can catch some ideas for your future dreams...
TOP 25 RICHEST SUBURBS IN AUSTRALIA
- Point Piper Sydney NSW $7,381,887
- Watsons Bay Sydney NSW $6,476,767
- Centennial Park Sydney NSW $5,217,016
- Woolwich Sydney NSW $4,621,152
- Peppermint Grove Perth WA $4,284,941
- Darling Point Sydney NSW $4,235,112
- Henley Sydney NSW $3,489,357
- Vaucluse Sydney NSW $3,279,795
- Bellevue Hill Sydney NSW $3,104,186
- Eagle Bay South West BusseltonWA $2,860,776
- Double Bay Sydney NSW $2,833,482
- Toorak Melbourne VIC $2,774,578
- Tamarama Sydney NSW $2,737,142
- Dover Heights Sydney NSW $2,627,931
- Dalkeith Perth WA $2,561,031
- Rose Bay Sydney NSW $2,379,752
- Lavender Bay Sydney NSW $2,330,499
- Orange Grove Perth WA $2,238,256
- Palm Beach Sydney NSW $2,191,449
- Cremorne Point Sydney NSW $2,183,485
- Kooyong Melbourne VIC $2,105,116
- Mosman Sydney NSW $2,075,036
- Longueville Sydney NSW $2,054,493
- Linley Point Sydney NSW $2,043,915
- Bronte Sydney NSW $2,011,687
by Santi Ivar
Sources: realestate.com.au
Photo: resources1.news.com.au
