Most expensive suburbs in Sydney. But which areas take the cake when it comes to the most expensive suburbs in Australia? 2. A cluster of inner-city suburbs including New Farm, Auchenflower and Fortitude Valley also take some of the top spots for Brisbane’s most expensive suburbs.Unsurprisingly, suburbs on the picturesque eastern fringe of the city, such as Toorak Gardens, Rose Park and Leabrook, command some of the highest house prices in Adelaide. 3. Among them, Time Magazine,…I’m an Australian-based journalist, editor, and former TV correspondent, whose work has appeared in several local and international titles. This harbourside eastern … Darling Point, Edgecliff and Point Piper, Sydney, New South Wales. Affluent Melbourne suburbs have taken a particular beating. “In 2015 there were just eight sales of free standing houses. With a median house price of AUD 12.5 million, the small but affluent suburb Sydney's east is at the top of the list. How will COVID-19 affect the Australian housing market? Australia has some pretty nice areas to live. The area boasts of a median house price of $910,000 and the dwelling prices have been going up for the last three years. Darling Point, Sydney's east: $6.510million. The average cost of a home here is around $2,700,000, according to March 2015 figures.According to the ATO, 3,340 taxpayers racked up an average taxable income of $112,953 per annum.This picturesque area is just 3km south of Melbourne's CBD. It boasts a median house price of AUD 3.46 million.“Neighbouring Australia’s most iconic and famous beach, Bondi, Tamarama recorded a 2015 median house price 73 per cent higher than its Bondi Beach neighbour,” Piper says.With this in mind, it may be a sign that Australians are desiring a move away from the ‘bronzed Aussie’ stereotype.Lavender Bay aerial view, Sydney (Image: Shutterstock).The third of Sydney’s lower north shore suburbs to make the rich list is Lavender Bay. The median house price for Darling Point was $2,715,000 till March 2019 and the average This plush suburb of Melbourne is well-recognised for being home to the elite and influential people. With the introduction of Australia’s record-low interest rate of 1.75 percent, the hottest meal ticket in town has become property ownership.Gen Y and millennials may be excluded from the rampant game of monopoly due to the state’s existing property bubble which saw the price of housing soar by Here is the list, according to Australia’s leading residential property investment specialists, The list does not include new areas of interest, some as far as 42 kilometres from the heart of capital cities, that have been prone to million dollar sales ever since they’ve been rezoned for housing development.Nor does the list include old favourites, such as Australia’s iconic Bondi Beach, that were once sure bets on the top 10 list.What’s more surprising is that nine out of 10 suburbs are located in Sydney.The exclusive suburb of Point Piper (Image: Shutterstock).With a median house price of AUD 12.5 million, the small but affluent suburb Sydney's east is at the top of the list.“Point Piper has been consistently regarded as the most expensive suburb in Australia,” says Director of Meridian, Glenn Piper.According to Piper, the median price is assisted by the inclusion of Wolseley Road, a one kilometre stretch of waterfront residences that house Sydney’s top businessmen, barristers, judges and doctors.In 2011 it was ranked the ninth most expensive street in the world by In second place is Darling Point.