A study from Suburbtrends revealed the streets with the most expensive homes across Australia.
Suburbtrends identified 100 of the most expensive streets and found that more than half are in Sydney, while around a quarter are in Melbourne.
There are 10 streets each in Byron Bay and Sunshine Coast that made it to the list. Two streets in Perth were also included.
Overall, 80 streets are in capital cities and the rest are in regional areas.
Suburbtrends founder Kent Lardner said many of the top streets across the country are concentrated in and around the beaches and Sydney Harbour.
“Byron Bay and Noosa suburbs represented around 20% of the results which was rather surprising. It highlights how much wealth now sits outside of the top suburbs of the capital cities,” he said.
In analysing the streets, Suburbtrends selected those with a significant number of houses with the highest overall median prices, rather than selecting a street based on the sale of one mansion.
“This methodology has created a very different 'top streets' list representing streets with a significant number of high-priced properties and surrounded by the highest priced homes in the country" Mr Lardner said.
Top 10 Expensive Streets in Australia
The top 10 streets are all from New South Wales:
|
10 most expensive streets in Australia |
|||
|
Street |
Suburb |
Median Size |
Median Price ($) |
|
Hallstrom Close |
Northbridge 2063 |
883 sqm | 5 bedrooms |
7.48m |
|
Dunara Gardens |
Point Piper 2027 |
662 sqm | 4 bedrooms |
7.29m |
|
Belah Avenue |
Vaucluse 2030 |
596 sqm | 5 bedrooms |
7.02m |
|
Belah Gardens |
Vaucluse 2030 |
571 sqm | 5 bedrooms |
7.01m |
|
Beach Avenue |
Vaucluse 2030 |
513 sqm | 4 bedrooms |
6.94m |
|
Marine Parade |
Byron Bay 2481 |
716 sqm | 5 bedrooms |
6.90m |
|
John Dykes Avenue |
Vaucluse 2030 |
583 sqm | 4 bedrooms |
6.90m |
|
Parsley Road |
Vaucluse 2030 |
839 sqm | 4 bedrooms |
6.87m |
|
The Crescent |
Vaucluse 2030 |
838 sqm | 5 bedrooms |
6.80m |
|
Myall Avenue |
Vaucluse 2030 |
569 sqm | 4 bedrooms |
6.77m |
Top 5 Expensive Streets in Each Capital City
Here are the top 5 most expensive streets in each capital city (excluding Sydney as they are above):
|
Capital City |
Top 5 streets |
|
Melbourne Price range: $5.41m to $5.51m |
· Grant Avenue, Toorak · Edzell Avenue, Toorak · Maxwell Court, Toorak · Buddle Drive, Toorak · Yarradale Road, Toorak |
|
Brisbane Price range: $3.6m to $3.86m |
· Eldernell Terrace, Hamilton · Markwell Street, Hamilton · Dickson Terrace, Hamilton · Mullens Street, Hamilton · Davidson Terrace, Teneriffe |
|
Adelaide Price range: $3.14m to $3.43m |
· Briar Avenue, Medindie · Trinity Street, College Park · Tregenza Close, Beaumont · Heywood Avenue, Unley Park · Douglas Street, Millswood |
|
Perth Price range: $4.09m to $4.78m |
· Kiln Lane, Cottesloe · Clarendon Street, Cottesloe · Nailsworth Street, Cottesloe · Geraldine Street, Cottesloe · Wattle Avenue, Dalkeith |
|
Hobart Price range: $2.22m to $2.61m |
· Battery Square, Battery Point · Clarke Avenue, Battery Point · Marine Terrace, Battery Point · Secheron Road, Battery Point · Mona Street, Battery Point |
|
Darwin Price range: $1.69m to $2.02m |
· Larrakeyah Terrace, Larrakeyah · Hickey Court, Larrakeyah · Perkins Court, Larrakeyah · Cullen Bay Crescent, Larrakeyah · Temira Crescent, Larrakeyah |
|
Canberra Price range: $4.14m to $4.72m |
· Ord Street, Forrest · National Circuit, Forrest · Hobart Avenue, Forrest · Dampier Crescent, Forrest · Talbot Street, Forrest |
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Photo by David McBee from Pexels.
