{"id":36081,"date":"2021-12-15T09:49:52","date_gmt":"2021-12-14T20:49:52","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=36081"},"modified":"2021-12-15T09:49:52","modified_gmt":"2021-12-14T20:49:52","slug":"australias-10-most-expensive-suburbs-soar-by-up-to-55-per-cent-in-2021","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australias-10-most-expensive-suburbs-soar-by-up-to-55-per-cent-in-2021\/","title":{"rendered":"Australia\u2019s 10 most expensive suburbs soar by up to 55 per cent in 2021"},"content":{"rendered":"

PHOTO: Sydney, Australia<\/strong><\/p>\n

This year has been an extraordinary year for Australian real estate<\/a> and, it\u2019s fair to say, it took most people by surprise.<\/p>\n

Off the back of a global pandemic and armed with low interest rates and government incentives, the property market took off in 2021 like the proverbial frog in a sock.<\/p>\n

Across the nation,\u00a0house prices rose at their fastest rate on record \u2013 from the capital cities to regional towns \u2013 and prices that seemed jaw-dropping in January very quickly looked like bargains by April.<\/p>\n

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\"Sydney<\/a><\/div>\n
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Woman discovers grisly reason for cheap rent | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/article>\n

Nowhere was this more evident than in Australia\u2019s wealthiest suburbs.<\/p>\n

Knight Frank Australia estimates Australia\u2019s prime market \u2013 considered to be the top 5 per cent of property values \u2013 averaged 9.3 per cent annual growth over the 12 months to September. Sydney\u2019s prestige market ranked second globally ahead of New York, Tokyo, London and Los Angeles.<\/p>\n

Some of Australia\u2019s richest suburbs have grown by astonishing amounts. For example, house prices in Bronte, in Sydney\u2019s eastern suburbs, soared by 55.1 per cent in the 12 months to September.<\/p>\n

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Australia\u2019s 10 most expensive suburbs for 2021<\/strong><\/h2>\n
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<\/div>\n<\/div>\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
State<\/td>\nSuburb<\/td>\nMedian<\/td>\nAnnual change<\/td>\n5-year change<\/td>\n<\/tr>\n
MEDIAN PRICE, min 50 sales<\/td>\n<\/tr>\n
NSW<\/td>\nBellevue Hill<\/td>\n$6,625,000<\/td>\n14.7%<\/td>\n54.6%<\/td>\n<\/tr>\n
NSW<\/td>\nVaucluse<\/td>\n$6,300,000<\/td>\n16.7%<\/td>\n52.7%<\/td>\n<\/tr>\n
NSW<\/td>\nBronte<\/td>\n$5,350,000<\/td>\n55.1%<\/td>\n75.4%<\/td>\n<\/tr>\n
VIC<\/td>\nToorak<\/td>\n$5,100,000<\/td>\n12.4%<\/td>\n45.7%<\/td>\n<\/tr>\n
NSW<\/td>\nPalm Beach<\/td>\n$4,700,000<\/td>\n29.7%<\/td>\n111.2%<\/td>\n<\/tr>\n
NSW<\/td>\nMosman<\/td>\n$4,650,000<\/td>\n16.3%<\/td>\n49.0%<\/td>\n<\/tr>\n
NSW<\/td>\nRose Bay<\/td>\n$4,612,500<\/td>\n19.6%<\/td>\n36.5%<\/td>\n<\/tr>\n
NSW<\/td>\nNorthbridge<\/td>\n$4,305,000<\/td>\n22.5%<\/td>\n53.8%<\/td>\n<\/tr>\n
NSW<\/td>\nManly<\/td>\n$4,117,500<\/td>\n37.2%<\/td>\n50.1%<\/td>\n<\/tr>\n
NSW<\/td>\nKillara<\/td>\n$4,037,500<\/td>\n35.7%<\/td>\n55.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Source: Domain<\/em><\/div>\n<\/div>\n

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