100 most expensive streets in Australia

PHOTO: FILE

The median price for homes on Sydney‘s Wolseley Road in Point Piper, the most expensive street in Australia, is $23,755,000, according to recent data from Ray White covering the past year. Notably, the street is home to some of Australia’s wealthiest residents, including Frank Lowy, chairman of Westfield, Jack Cowin, owner of Hungry Jacks, and former Prime Minister Malcolm Turnbull.

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Sydney dominates the list of Australia’s most expensive suburbs, particularly in the eastern suburbs, where the majority of the top ten wealthiest streets are located. Victoria is not far behind, with Toorak in Melbourne boasting Linlithgow Road and Clendon Road among the top ten.

On the other end of the spectrum, the least expensive street in Australia is Wollongough Street in regional NSW, with a median house price of $32,300, a five-hour drive from central Sydney.

Factors contributing to the high property prices on Australia’s most expensive streets include scarcity, exclusivity, and the demand for luxurious living in prime locations.

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Here is a breakdown of the median house prices for the most and least expensive streets in New South Wales, Victoria, Queensland, and South Australia:

New South Wales: Top 5 Most Expensive

1. Wolseley Rd, Point Piper – $23,755,000
2. Wentworth Rd, Vaucluse – $18,888,000
3. Coolong Rd, Vaucluse – $14,725,000
4. Olola Av, Vaucluse – $14,000,000
5. Bulkara Rd, Bellevue Hill – $13,725,000

The property known as ‘Leura’ located on Victoria Rd in Bellevue Hill sold for $76m.

Top 5 Cheapest

1. Lachlan St, Bogan Gate, Central West – $115,000
2. Ungarie St, Ungarie, Central West – $109,500
3. Ethel St, Ungarie, Central West – $82,000
4. Cargelligo St, Tullibigeal, Central West – $35,000
5. Wollongough St, Ungarie, Central West – $32,300

Victoria: Top 5 Most Expensive

1. Linlithgow Rd, Toorak – $14,900,000
2. Clendon Rd, Toorak – $13,850,000
3. St Georges Rd, Toorak – $13,000,000
4. Albany Rd, Toorak – $11,182,500
5. St Vincent Pl, Albert Park – $10,500,000

Cryptocurrency casino co-founder Edward Craven paid more than $80m for 29-31 St Georges Road, Toorak, in 2022. Picture: Jake Nowakowski.

Top 5 Cheapest

1. Peppercorn Way, Serpentine, Bendigo – $205,000
2. Wilson St, Wedderburn, Bendigo – $200,000
3. Victoria St, Pyramid Hill, Bendigo – $190,000
4. Kelly St, Pyramid Hill, Bendigo – $190,000
5. Vernon St, Korong Vale, Bendigo – $110,000

Queensland: Top 5 Most Expensive

1. Hedges Av, Mermaid Beach – $10,500,000
2. Edgecliff Pl, Hope Island – $6,675,000
3. Admiralty Dr, Surfers Paradise – $6,119,000
4. Mcanally Dr, Sunshine Beach – $6,050,000
5. Maryland Av, Carrara – $6,000,000

Hedges Ave in Mermaid Beach is the Gold Coast’s most expensive street

Top 5 Cheapest

1. Park St, Charters Towers City, Townsville – $138,000
2. High St, Charters Towers City, Townsville – $120,000
3. Spencer St, Macknad, Townsville – $110,000
4. Mill St, Pentland, Townsville – $95,000
5. Mackay St, Pentland, Townsville – $79,000

South Australia: Top 5 Most Expensive

1. The Common, Beaumont – $2,880,000
2. Edmund Av, Unley – $2,590,500
3. Eton St, Malvern – $2,404,000
4. Halsbury Av, Kingswood – $2,330,000
5. Fourth Av, St Peters – $2,300,000

The Beaumont house at 31 The Common sold in March 2023 for $3.15 million. Picture: realestate.com.au

Top 5 Cheapest

1. West Tce, Kimba – $91,500
2. Thomas St, Minnipa – $88,000
3. Bourke St, Peterborough – $85,000
4. Stuart St, Coober Pedy – $51,000
5. Sixth St, Port Pirie West – $62,000

SOURCE: NEWS.COM.AU