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Top 10 Most Expensive Suburbs in Sydney 

February 25, 2022
sydney most expensive suburb

Here’s something that might not surprise you—the most expensive suburb in Sydney is also the most expensive suburb in Australia!

With hiking prices pretty much all over the country, Sydney has continued to prove its dominance in the luxury market despite border closures, lockdowns, and economic instability. Sydney’s house prices in the past 20 years have continued to increase on a general level.

Last year alone, the median house price rose by 33.1%

It’s a great time for those looking to downsize or move out of the Harbour City, but for first-home buyers and upsizers, the property market might be too hot to handle. 

So let’s go explore the ten most expensive suburbs in Sydney, the cream of the crop, the ones driving the prices up, and find out if the real estate is really worth the multimillion dollar price tag. 

#10 – Woolwich

woolwich sydney home nsw
Image credit: Houzz // TKD Architects
  • Median house price: $4,438,052

Woolwich is one of the smaller suburbs of the list but don’t let that deter you. It’s got its fair share of stunning views, dog-friendly beaches and magnificent heritage estates. 

Woolrich is the epitome of calm luxury living. Residents are often avid sailors, taking their boats out onto Lane Cove River or Parramatta River. The neighbourhood cafes and watering holes are busy with families who love the quiet streets, sense of community and easy access to the water. 

Click here for more properties in Woolwich.

#9 – Mosman

Mosman house for sale expensive sydney suburb
Mosman house for sale @ 31 Fairfax Road, Mosman, NSW 2088, Australia
  • Median house price: $5,369,511
  • Price guide:
  • Size: 4 Bedrooms, 4 Bathrooms

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 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 in Mosman.

#8 – Rose Bay

rose bay house for sale
Rose Bay house for sale @ 20 Strickland Street, Rose Bay, NSW, 2029, Australia
  • Median house price: $5,865,375
  • Price guide: $5.5 million
  • Size: 4 Bedrooms, 3 Bathrooms

Laid back, exclusive, elegant—all these describe the atmosphere at Rose Bay. Find the local residents—the bulk of them between 18 and 60—bringing their dogs to play at the beach or at one of the well-kept parks. This brings a youthful, energetic vibe to Rose Bay, more so than the other suburbs on the list. 

What one of the most expensive suburbs in Sydney should offer is, of course, facilities for one of the most expensive sports—the Royal Sydney Golf Club gives members-only access to a beautifully manicured 27 holes. 

Aside from the luxurious mansions, there are also a number of apartment and hise-rise blocks for young professionals. 

Click here for more properties in Rose Bay.

#7 – Dover Heights 

sydney suburb dover heights for sale
Dover Heights house for sale @ 11 Oceanview Avenue, Dover Heights, NSW, 2030, Australia
  • Median house price: $5,827,410
  • Price guide:
  • Size: 4 Bedrooms, 3 Bathrooms

Dover Heights is indeed elevated. 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 in Dover Heights.

#6 – Tamarama

most expensive suburbs in sydney tamarama
View from Tamarama house for sale @ 23/20 Illawong Avenue, Tamarama, NSW, 2026, Australia (sold)
  • Median house price: $6,019,094
  • Price guide: $1,750,000
  • Size: 2 Bedrooms, 1 Bathroom

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 in Tamarama.

#5 – Double Bay

double bay house for sale
Double Bay house for sale @ 1/6 Carlotta Road, Double Bay, NSW, 2028, Australia
  • Median house price: $6,661,802
  • Price guide: $5.5 million
  • Size: 4 Bedrooms, 4 Bathrooms

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 in Double Bay.

#4 – Centennial Park

most expensive suburbs in sydney centennial park
Centennial Park apartment for sale @ 3/80 Cook Road, Centennial Park, NSW, 2021, Australia (sold)
  • Median house price: $6,661,802
  • Price guide: $5.5 million
  • Size: 4 Bedrooms, 4 Bathrooms

You’ll find Centennial Park in the eastern region of Sydney, between the CBD and the city of Randwick. The suburb is named after the beautiful Centennial Parklands, which are three separate urban parks spreading over 189 hectares.

What this means is that there is plenty of space and nature—with its leafy trees, rabbits and birds—to make this a wonderful place to live. 

Our favourite kind of residence looks over one of the parks, so you can wake up to verdant views even in the middle of the city. 

Click here for more properties in Centennial Park.

#3 – Vaucluse 

vaucluse house for sale
Vaucluse house for sale @ 53 Towns Road, Vaucluse, NSW, 2030, Australia
  • Median house price: $7,973,215 
  • Price guide: TBD
  • Size: 6 Bedrooms, 6 Bathrooms

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 in Vaucluse.

#2 – Bellevue Hill

bellevue most expensive suburbs in sydney
Bellevue house for sale @ 1/3 Fairfax Road, Bellevue Hill, NSW, 2023, Australia
  • Median house price: $8,780,702
  • Price guide: TBD
  • Size: 4 Bedrooms, 2 Bathrooms

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 in Bellevue Hill.

#1 most expensive suburb in Sydney – Point Piper

most expensive suburb in sydney point piper
Point Piper block of units for sale @ 37 Wolseley Road, Point Piper, NSW 2027
  • Median house price: $13,748,336
  • Price guide: TBD
  • Size: 3 Apartment Units, 12 Bedrooms, 8 Bathrooms

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 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.

Looking for a home in Sydney?

Browse our search page to check out some amazing listings available right now. But don’t just stop there, download our app to get the full Soho experience. Just remember to shortlist or swipe left on our listings so we can send you others that better match what you’re looking for.

Isabelle de Braux
Isabelle is the Content Lead at Soho. Her dream home has a beachfront and giant kitchen island—possibly in the Byron region. Get in touch to explore content opportunities or just to say hi!
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