Everyone knows how expensive Sydney is.
How the property prices keep climbing and breaking records, making it one of the most talked-about markets in Australia—and the world.
How the amazing landscapes and unbeatable lifestyle attract people from all over, willing to pay top dollar for a piece of it.
But let’s be honest, not every suburb is created equal. Some areas have earned their reputation as exclusive enclaves for the wealthy, boasting multimillion-dollar homes, waterfront views, and a lifestyle that’s straight out of a luxury magazine.
So, why not dive into the suburbs that take “expensive” to a whole new level?
Let’s explore where the top-dollar properties are, what makes these suburbs so desirable, and why they continue to captivate buyers year after year.
#10 – Northbridge | Median house price: $5.78 Million
Nestled on Sydney’s Lower North Shore, Northbridge is where family-friendly living meets elevated sophistication. Known for its high median housing price, the suburb boasts stunning waterfront homes and leafy streets that attract high-end buyers.
What makes Northbridge stand out is its proximity to Middle Harbour, offering residents not just incredible views but also recreational activities like boating and kayaking.
From the iconic Suspension Bridge to its well-regarded schools and thriving local shops, Northbridge is the definition of suburban luxury with all the perks of a coastal escape.
Explore more properties for sale in Northbridge.
#9 – Rose Bay | Median house price: $6 Million
Rose Bay strikes the perfect balance between serene coastal living and urban luxury. If you’ve ever dreamed of waking up to uninterrupted harbour views, this suburb delivers it in spades.
With a $6 million median housing price, it’s a favourite among affluent buyers seeking proximity to the CBD without sacrificing tranquillity.
Beyond the water views, Rose Bay offers a vibrant lifestyle with its boutique cafés, waterfront dining, and exclusive access to prestigious schools.
Investing here means enjoying a daily backdrop of yachts and sunsets over the harbour.
Explore more properties for sale in Rose Bay.
#8 – Mosman | Median house price: $6.02 Million
Over the Sydney Harbour Bridge, 8 kilometres from the CBD, and nested by the coastline on three sides is where you’ll find Mosman.
The demographic here leans on the above 40 couples, who love the convenience of shops, eateries, and even a little community bus taking you up and down its hilly streets.
This means it’s a little calmer and quieter than other suburbs.
Fitness enthusiasts will fall quickly for the running trails in Sydney Harbour National Park and swimming spots like Balmoral Beach—and when the weather cools, the heated indoor pool at Mosman Swim Centre.
The architecture is another coveted feature of the suburb. Federation style homes with pretty verandahs, white-painted windows and timber elements make for lovely street views.
Click here for more properties for sale in Mosman.
#6 – Tamarama | Median house price: $6.025 Million
Next on the list is another luxe beachside suburb where many go to see or be seen. Also known as “glamourama”, you’ll often spot beautiful people along its 1 kilometre coastline sunbathing, swimming and exercising.
The suburb itself is dotted with lovely, well-maintained parks, trendy cafes and a coastal walkway leading you to Bondi Beach.
Click here for more properties for sale in Tamarama.
#7 – Dover Heights | Median house price: $6.85 Million
Taking over Tamarama’s spot in sixth place is Dover Heights.
Perched atop the side of a cliff, you’re spoiled with panoramic views of the city skyline and the harbour. Like Bellevue Hill, you’re further away from the crowds and tourists drawn by other areas.
Families love this suburb for its safety and close distance to schools.
Dover Heights boasts a laid back groove with all the splendour of gorgeous estates. Locals love to be outside, walking along the beach, dining out and exercising in the parks.
Dudley Page Reserve is a favourite amongst the dwellers, with gorgeous views of the horizon, perfect for sunrises and sunsets.
Click here for more properties for sale in Dover Heights.
#5 – Double Bay | Median house price: $9.24 Million
Find the best of Sydney living in Double Bay. The harbourside suburb is just 4 kilometres from the CBD, offering nature and metropolitan living on a pricey platter.
Locals love the Thursday markets in Guilfoyle Park, waterfront eateries and amenities. Unlike some of the more affluent suburbs on this list, Double Bay offers a little more convenience—you’re right by Edgecliff station and have several bus routes at your disposal.
And when you need it, all the luxurious fashion labels are there to provide some R&R.
Click here for more properties for sale in Double Bay.
#4 – Vaucluse | Median house price: $7.95 Million
If you’re in search of a ritzy neighbourhood with picturesque coastal walks and pristine beaches, then look no further than Vaucluse. What makes it special is its history, with heritage architecture throughout the suburb giving it a charming, family feel.
Similar to the other most expensive suburbs in Sydney, their coastal walking trails are stunning, with vistas stretching across the harbour to the bridge, and Shark Island. You might also head to one of their little beach nooks where you’ll encounter many sun-loving families and snorkelers hanging out.
Click here for more properties for sale in Vaucluse.
#3 – Bellevue Hill | Median house price: $9.24 Million
Grand estates, mega-mansions, palatial residences—call them what you will, Bellevue Hill’s got a lot of them. This is where the uber-wealthy flock to when they’re looking for a quiet, hillside neighbourhood to spend their millions.
But aside from the luxury, the area is also notorious for its beautiful beaches. Couple that with a handful of solid restaurants, cafes and supermarkets, and you’ll have most of what you need.
But if you’re craving a little more energy, you’ll notice its neighbouring suburbs, like Rose Bay and Bondi Junction, are a little more dynamic.
Click here for more properties for sale in Bellevue Hill.
#2 – Darling Point | Median house price: $12.55 Million
Darling Point, a prestigious harborside suburb, instantly exudes a sense of old-world charm. This exclusive neighbourhood offers stunning waterfront properties and historic mansions, attracting affluent residents and celebrities alike.
Its tree-lined streets, tranquil parks, and proximity to the vibrant city center make it a sought-after destination.
With its timeless elegance and serene ambiance, Darling Point offers a luxurious lifestyle for those who appreciate refined living.
Click here for more properties for sale in Darling Point.
#1 most expensive suburb in Sydney – Point Piper | Median house price: $41.75 Million
Point Piper is home to the most expensive street in Sydney. If you’ve seen the first minute of Luxe Listings Sydney, you’ll know it pans over a jaw-droppingly gorgeous beachside home in none other than Point Piper.
If a street called Billionaire’s Row doesn’t allude to the wealth of its residents, then you can simply look at the $10.1 million median housing price.
So what are you getting when you invest in a 8-figure home in Point Piper? Views, for one. Not only are you sitting at the harbour, but many homes are actually perched on top of hills, offering the perfect vantage point to watch the NYE fireworks from.
Click here for more properties for sale in Point Piper.
More on the most expensive suburbs in Sydney
What is the richest suburb of Sydney?
The richest suburb of Sydney is Point Piper. It is located on the eastern shore of Sydney Harbour and is known for its luxury homes and stunning views. The median house price in Vaucluse is $10 million.
What are the fancy suburbs in Sydney?
Some of the fancy suburbs in Sydney include:
- Vaucluse
- Darling PointPoint Piper
- Bellevue Hill
- Double Bay
- Rose Bay
- Woollahra
- Mosman
- Hunters Hill
- Cremorne Point
These suburbs are all located on the eastern shore of Sydney Harbour and are known for their affluence, luxury homes, and stunning views.
What is the most expensive suburb to rent in Sydney?
The most expensive suburb to rent in Sydney is Tamarama. It is located on the eastern shore of Sydney Harbour and is known for its beautiful beaches, surf breaks, and stunning views. The median rent for a house in Tamarama is $2,300 per week for houses and $1,050 for units.
If you’re looking for more affordable homes, you can check out cheap houses for rent in Sydney’s Western Suburbs like Colyton and Blacktown.
Which suburb is most expensive in Australia?
The most expensive suburb in Australia is Vaucluse. It is located on the eastern shore of Sydney Harbour and is known for its luxury homes and stunning views. The median house price in Vaucluse is $10 million.
What do the most expensive suburbs in Sydney have in common?
At this point, no one can deny that waterfront homes will always be in demand, seeing that each of the most expensive suburbs in Sydney have beach access. But if you’re on the hunt for other houses and apartments for sale in Australia, we can also help you out in that department.
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