PHOTO: An aerial shot of Plumpton in Melbourne’s outer west which is one of Melton’s booming suburbs.
Cashed-up home-buyers looking for the most expensive suburb in Australia should be heading to Vaucluse in Sydney, while those looking for the ultimate bargain should head to Elizabeth Downs near Adelaide.
These are the suburbs with the most expensive and most affordable house price medians close to a capital city, new Domain data shows.
Sydney’s uber-exclusive suburb of Vaucluse sits atop the list with a median house price of $6,042,500, the analysis of house price data, which takes in suburbs that have 50 home sales or more in a year, has revealed.
It’s no surprise then that the suburb has been home to some of the biggest names in business including billionaire investor James Packer who sold his $70 million spread in 2015. The Block host Scott Cam also calls the suburb home, buying there in 2012.
If, as Barefoot Investor Scott Pape once said, you don’t want to be “mortgaged up to your Audi,” then San Remo on the NSW Central Coast could be the place to look for your first or next abode.
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