Curious about the top 20 richest suburbs in Sydney?
Concentrated mostly in the eastern suburbs, Sydney is home to some of Australia’s most affluent suburbs.
These areas, characterised by their luxurious properties, rich histories, and enviable locations, offer a glimpse into the pinnacle of opulent living.
From the tranquil, leafy streets of Bellevue Hill to the coastal serenity of Palm Beach, each suburb has its unique charm and appeal.
This article explores the top 20 richest suburbs in Sydney, highlighting their key features, historical significance, and the lifestyle they offer to their residents. Read on to discover what makes these suburbs the epitome of luxury and exclusivity.
1. Point Piper
Point Piper, a tiny enclave nestled on the shores of Sydney Harbour, is renowned as one of the top 20 richest suburbs in Sydney and even the most expensive neighbourhood in Australia.
This prestigious address is synonymous with opulence, privacy, and unparalleled luxury.
Residents of Point Piper enjoy an enviable lifestyle, surrounded by some of the most breathtaking water views the city has to offer. The suburb’s exclusivity is reflected in its tightly-held property market, where waterfront mansions and grand estates command astronomical price tags.
Wolseley Road, in particular, is legendary for its record-breaking property sales and is often cited as one of the world’s most expensive streets.
It’s no wonder Point Piper consistently tops the list of Australia’s most desirable and exclusive suburbs. Its combination of prime location, stunning natural beauty, and unparalleled luxury make it a coveted address for the ultra-wealthy.
2. Bellevue Hill
- Median House Price: $9,600,000
- Median Unit Price: $1,500,000
Bellevue Hill, located in Sydney’s Eastern Suburbs, boasts historical charm, magnificent views, and a strong community. Known for its affluent lifestyle, this prestigious suburb attracts families seeking a blend of heritage and modernity.
Bellevue Hill is renowned for its grand estates and heritage-listed properties. Mansion-like homes such as Caerleon and Fairfax House exemplify the suburb’s rich architectural history.
Many residences reflect early 20th-century grandeur, complete with sprawling gardens and intricate designs. It’s not uncommon to find historical tours focusing on these architectural gems, which contribute to Bellevue Hill’s exclusive atmosphere.
The suburb’s leafy streets further enhance its charm, making it a picturesque locale deeply rooted in Sydney’s history.
Check out more real estate for sale in Bellevue Hill NSW.
3. Darling Point
- Median House Price: $12,550,000
- Median Unit Price: $2,760,000
Darling Point stands out as an elite harbourside suburb, combining proximity to the Sydney CBD with luxurious living and breathtaking views. It offers tranquil streets and heritage-listed sites, drawing attention from Sydney’s wealthy residents.
Darling Point offers stunning waterfront views that attract Sydney’s wealthy. The harbourside location includes scenic spots perfect for enjoying the beauty of the Sydney Harbour.
Residents enjoy serene, leafy streets and expansive water vistas, often framed by exclusive, multi-million-dollar homes This desirable setting appeals to those who prioritize both privacy and natural beauty.
Check out more real estate for sale in Darling Point NSW.
4. Vaucluse
- Median Price: $8,912,500
- Median Unit Price: $1,500,000
Vaucluse offers a blend of picturesque views, luxurious living, and rich heritage. It is renowned for its coastal beauty, exclusive environment, and high property values.
It is home to some of Sydney’s most beautiful beaches, such as Nielsen Park and Parsley Bay. These beaches are perfect for swimming, picnics, and various recreational activities.
Vaucluse is notable for its heritage-listed mansions, which add a historical charm to the suburb. These properties represent a luxurious past and continue to appeal to those looking for elegance and exclusivity.
Properties here offer a prestigious lifestyle, attracting high-net-worth individuals. For more detailed property insights, see the most expensive houses in Sydney.
Check out more real estate for sale in Vaucluse NSW.
5. Centennial Park
- Median Price: $10,100,000
- Median Unit Price: $866,250
Centennial Park is known for its rich historical charm and top-tier amenities. Its proximity to the expansive Centennial Parklands and prestigious schools makes it highly desirable for many affluent families.
Centennial Park features an array of Federation and Victorian homes that boast architectural elegance. These homes often sit on expansive blocks, offering ample space and privacy. Many of these properties have been meticulously maintained or restored, showcasing features such as intricate woodwork, period fireplaces, and decorative cornices.
The median house price is over$10 million, reflecting the area’s exclusivity.
Check out more real estate for sale in Centennial Park NSW.
6. Tamarama
- Median House Price: $9,242,500
- Median Unit Price: $2,350,000
Tamarama, a small and affluent beachside suburb near Bondi, is known for its blend of modern and art deco buildings, coastal views, and laid-back lifestyle. This unique combination makes it a desirable location and a worthy contender for the top 20 richest suburbs in Sydney.
The architecture in Tamarama is a delightful mix of modern designs and classic art deco buildings. The suburb boasts numerous properties with sweeping coastal views, making it visually captivating to residents and visitors alike.
Owners take pride in the maintenance and aesthetic appeal of their homes. The combination of old and new adds a beautiful variation to the landscape, keeping the architectural style intriguing and current.
Check out more real estate for sale in Tamarama NSW.
7. Woolwich
- Median House Price: $4,971,498
- Median Unit Price: $960,000
Woolwich is a tranquil peninsula in Sydney, renowned for its upscale properties, serene environment, and stunning harbour views. This exclusive locale offers a peaceful atmosphere, making it a popular choice for older residents seeking tranquillity.
Woolwich is situated north of Sydney Harbour, providing a peaceful retreat from the bustling city.
The properties here are known for their generous sizes and immaculate maintenance. With a median house price of $6.66 million, homes in Woolwich feature expansive gardens, elegant architecture, and luxurious amenities. The area’s leafy streets and large plots ensure residents have the privacy and space they desire.
Check out more real estate for sale in Woolwich NSW.
8. Dover Heights
- Median House Price: $5,553,000
- Median Unit Price: $1,405,000
Dover Heights provides a unique blend of coastal living and city views, proximity to both Bondi Beach and Sydney’s CBD, and a family-friendly environment with high-end homes. The elevated position of the suburb guarantees picturesque vistas, making it a coveted location for professionals and families.
Dover Heights is renowned for offering a brilliant mix of coastal and urban amenities. The suburb’s elevated cliffs provide panoramic views of the Tasman Sea and Sydney’s cityscape.
Properties here deliver a strong return on investment due to the location and the lifestyle it offers. Recent reports highlight Dover Heights as one of the most expensive suburbs in Sydney, affirming its status in the luxury property market.
Check out more real estate for sale in Dover Heights NSW.
9. Double Bay
- Median House Price: $7,700,000
- Median Unit Price: $1,837,500
Double Bay, a Sydney suburb, is known for its sophisticated lifestyle, luxury boutiques, and elegant cafes. Wealthy families and professionals are drawn to this area’s convenience and exclusivity, positioning it as one of the city’s most prestigious locales.
Double Bay’s property market is robust, featuring a wide range of premium real estate. From waterfront mansions to luxurious apartments, property values maintain strong growth. Current data reflects that Double Bay boasts the highest-paid earners in Sydney, with an average income of around $202,598.
The market remains competitive, with properties frequently attracting wealthy buyers quickly.
Check out more real estate for sale in Double Bay NSW.
10. Mosman
- Median House Price: $5,744,000
- Median Unit Price: $1,350,000
Mosman offers a luxurious coastal lifestyle with a blend of modern and historic homes. It features stunning harbour views, boutique shopping, and is of course, one of the top 20 richest suburbs in Sydney.
Mosman is known for its architectural diversity. From contemporary residences to charming Victorian-era homes, the mix attracts a wide range of buyers.
The property market in Mosman is robust, with consistently high demand. The median house price is significant, reflecting the suburb’s desirability.
Given the suburb’s attractive features and prime location, property prices are expected to remain strong. Buyers and investors look to Mosman for both residential comfort and long-term growth potential.
Check out more real estate for sale in Mosman NSW.
12. Rose Bay
- Median House Price: $5,750,000
- Median Unit Price: $1,565,000
Rose Bay is a prestigious harbourside suburb, renowned for its luxurious lifestyle and prime waterfront properties.
With direct access to Sydney Harbour, it is an attractive location for wealthy families and professionals seeking a vibrant community.
The real estate in Rose Bay is characterised by stunning waterfront properties. This includes a mix of grand heritage homes and contemporary architectural marvels boasting picturesque harbour views.
Check out more real estate for sale in Rose Bay NSW.
12. Longueville
- Median House Price: $5,775,000
Longueville is a serene suburb on Sydney’s Lower North Shore, celebrated for its charming heritage homes and welcoming community.
Longueville is known for its beautiful Federation, Victorian, and Californian bungalow-style houses. These homes stand out for their distinctive design and character. Each house adds to the suburb’s unique charm, offering residents a visually pleasing environment and a sense of history and community.
The property market in Longueville is strong, with demand often outstripping supply. Homes here are investments, given their desirable location and architectural appeal.
Check out more real estate for sale in Longueville NSW.
13. Lavender Bay
- Median House Price: $5,850,000
- Median Unit Price: $980,000
Lavender Bay offers scenic harbourside views, significant historical landmarks, and a peaceful environment that attracts affluent residents.
The property market in Lavender Bay commands high prices, reflecting its exclusive status. With a median house price in the millions, it is clear that demand remains robust among buyers interested in this prime harbourside location.
- High property values indicative of desirability
- A mix of modern apartments and historical homes
- Strong investment potential due to location and amenities
Check out more real estate for sale in Lavender Bay NSW.
14. Northwood
- Median House Price: $4,550,000
Northwood is characterised by its peaceful, leafy streets and ample green spaces. The suburb is surrounded by parks and nature reserves, providing residents with numerous opportunities for outdoor activities.
The quiet atmosphere makes it a perfect retreat from the hustle and bustle of city life.
Northwood features a mix of heritage homes and modern residences, offering diverse architectural styles and large properties.
Potential buyers are attracted to the spacious, well-maintained properties and the area’s rich history.
Check out more real estate for sale in Northwood NSW.
15. Potts Point
- Median House Price: $3,280,000
- Median House Price:$870,000
Potts Point is a visually captivating inner-city suburb known for its historic Australian architecture and vibrant culture. That’s why some call it one of the best suburbs in Sydney.
Its eclectic mix of Victorian terraces, Art Deco buildings, and modernist structures creates a unique atmosphere and makes it one of top 20 richest suburbs in Sydney.
Potts Point is renowned for its architectural diversity. The area features a mix of Victorian terraces adorned with intricate filigree ironwork and Art Deco buildings that highlight the suburb’s rich history.
Residents and visitors are drawn to its dynamic nightlife, luxurious housing options, and proximity to popular Sydney attractions.
Check out more real estate for sale in Potts Point NSW.
16. Bronte
- Median House Price: $5,300,000
- Median Unit Price: $1,515,000
Bronte is renowned for its picturesque beach, relaxed coastal lifestyle, and strong community feel. It’s an ideal suburb for families and those who seek a balance between urban and beachside living.
Bronte’s beach is one of its most celebrated features. With sweeping sandy shores and inviting rock pools, it’s a favourite for families and beachgoers.
Living in Bronte means enjoying a laid-back coastal lifestyle while still being close to Sydney’s central business district. The suburb offers the perfect escape from city life without sacrificing convenience.
Check out more real estate for sale in Bronte NSW.
17. Watsons Bay
- Median House Price: $5,100,000
Watsons Bay, a picturesque harbourside suburb, is celebrated for its historical significance and natural beauty. Renowned for its affluent lifestyle, it offers high property values, scenic beaches, and tranquil living.
Watsons Bay has a small, exclusive population, which greatly contributes to its high property values. The affluent community enjoys spacious properties with breathtaking views of Sydney Harbour and the Pacific Ocean.
Living in Watsons Bay means embracing an exclusive and tranquil coastal lifestyle. The suburb’s serene atmosphere is complemented by its vibrant community activities, including dining at renowned spots like Doyle’s on the Beach and the Watsons Bay Boutique Hotel.
Check out more real estate for sale in Watsons Bay NSW.
18. Woollahra
- Median House Price: $4,720,000
- Median Unit Price: $1,350,000
Woollahra is an elegant suburb known for its charming historical homes and peaceful streetscapes. It is popular among professionals and families due to its serene environment and proximity to the city.
Woollahra boasts a wealth of beautiful Victorian and Federation homes. These architectural gems contribute to the suburb’s quaint and sophisticated atmosphere.
The area’s tree-lined streets are calm and quiet. This tranquillity provides residents with a serene respite from the hustle and bustle of Sydney. Numerous heritage buildings are preserved, enhancing Woollahra’s traditional charm.
Check out more real estate for sale in Woollahra NSW.
19. Palm Beach
- Median House Price: $3,525,000
Palm Beach is a luxurious and picturesque suburb located at the northernmost point of Sydney. It is renowned for its stunning beaches, scenic walking trails, and high-end lifestyle, making it a magnet for both residents and visitors alike.
The properties here range from sprawling waterfront homes to elegant hillside retreats. Many of these homes boast private beach access, expansive gardens, and breathtaking views.
Palm Beach’s property market is characterised by high demand and significant price tags. As one of Sydney’s most expensive suburbs, it reflects an exceptional blend of luxury living and natural beauty.
Check out more real estate for sale in Palm Beach NSW.
20. Clovelly
- Median House Price: $4,461,000
- Median Unit Price: $1,940,000
Clovelly, located in Sydney’s eastern suburbs, is known for its family-friendly environment, laid-back lifestyle, and excellent beach access.
Clovelly stands out as a small, beachside suburb that fosters a friendly, family-oriented atmosphere. This environment is bolstered by well-maintained local parks and recreational areas.
Recent data indicate a decline in median rent, with prices dropping by 16.2% to $1,550 a week. This information can be found in more detail in this article.
Check out more real estate for sale in Clovelly NSW.
Median house and unit prices courtesy of Propertyvalue.com.
FAQs about Top 20 Richest Suburbs in Sydney
What is the nicest suburb in Sydney?
Several suburbs in Sydney are often considered among the nicest due to their combination of natural beauty, amenities, and safety.
Eastern suburbs such as Bondi, Coogee, Clovelly, Randwick, Woollahra, Queens Park, Rose Bay, Vaucluse, and Waverley are highly regarded which is why these are also some of the top 20 richest suburbs in Sydney.
These areas offer beautiful beaches, parks, quality local schools, playgrounds, and proximity to the Sydney Children’s Hospital, making them ideal for families but they come with a high price tag.
What is the highest suburb in Sydney?
The highest suburb in Sydney is Mount Colah, situated at an elevation of 206 meters (676 feet). It is located 24 kilometers (15 miles) north of Sydney and is part of the Hornsby Shire local government area.
What are the top growth suburbs in Sydney?
Some of the top growth suburbs in Sydney based on recent property value increases include:
- Sylvania Waters (49.07% growth)
- Cummins (48.68% growth)
- Kitchener (48.02% growth)
- Richlands (47.78% growth)
- Warrenup (47.73% growth)
- Horse Camp (47.14% growth)
- Beresford (46.78% growth)
- Yeerongpilly (46.51% growth)
Where do most millionaires live in Sydney?
In Sydney, many millionaires reside in exclusive residential suburbs such as Bellevue Hill, Darling Point, Mosman, Point Piper, and Vaucluse. These areas are known for their luxury properties and prestigious locations.
Where do Australian billionaires live?
Australian billionaires often choose to live in elite suburbs with luxurious amenities and privacy. In Sydney, suburbs like Point Piper and Vaucluse are popular among the wealthy. However, Melbourne’s Toorak is particularly notable for having a high concentration of billionaires.
Which is the safest suburb in Sydney?
Some of the safest suburbs in Sydney include:
- Berowra Heights & Berowra Waters
- Beecroft
- Cherrybrook
- West Pennant Hills
- Fairlight
- Wahroonga
- St Ives
- Avalon Beach
These suburbs are known for their low crime rates and strong community environments.
Conclusion
Sydney’s wealthiest suburbs offer more than just high property values; they provide an unparalleled lifestyle of luxury, comfort, and exclusivity.
From the historical elegance of Bellevue Hill to the coastal charm of Palm Beach, each suburb has its unique attractions and characteristics that make it desirable.
These areas not only showcase the city’s rich history and architectural beauty but also cater to modern living with top-tier amenities and close-knit communities.
Whether you seek serene harbourside views, vibrant city life, or tranquil green spaces, Sydney’s top 20 richest suburbs exemplify the finest in Australian living.
For individuals looking to invest or purchase property, browsing current listings can be beneficial by checking out available real estate for sale in Sydney.
For those considering living in or investing in these exclusive areas, tailored strategic financial planning and wealth advisory services can assist in making informed decisions.
