Australia is home to some of the hottest real estate available.
And the global coronavirus pandemic and consequential economic recession are doing nothing to dampen spirits, and prices, in some of our most expensive areas.
Instead, Australia’s prestige property market is flourishing, with some suburbs even recording significant price growth in the past year.
Data compiled by realestate.com.au shows premium property prices remained strong in the 12 months to July this year.
Even the top end of the Melbourne market performed well with the elite suburb of Toorak sustaining almost 20 per cent growth to net a median price of $4.575 million in the 12-month period.
At the same time, the Northern Beaches suburb of Clontarf in Sydney recorded 27.6 per cent growth to land a median price of $3.8 million.
We know that the likes of Melbourne’s Toorak and Sydney’s Bellevue Hill and Darling Point take up the highest positions of the most expensive suburbs in Australia, but what about the most expensive streets?
Here I’ve put together a list of the top 10 most expensive streets in each of Australia’s big three capital cities.
Most expensive streets in Sydney
Sydney’s real estate market is notoriously robust, so it’s unsurprising that it’s also home to several streets that some of the wealthiest people call home.
Which street comes out on top?
Palm Beach’s number 36 Ocean Road saw the largest reported sale at a huge $24 million in February this year, closely followed by a sale of 21 Ocean Road at $11.5 million in June and the sale of 6 Ocean Road at $12.51 million in August, according to Domain Group data.
But Point Piper’s Wolseley Road continues to be the strongest high-value suburb in the city with demand driving 14 sales over the course of 2020 so far at values as high as $13.025 million.
- Also read:This week’s Australian Property Market Update – Latest Data, State by State November 12th 2024
- Also read:Everything you need to know about the state of Australia’s property markets in 20 charts – November 2024
- Also read:Melbourne property market forecast for 2025
- Also read:Sydney property market forecast for 2025
- Also read:Brisbane’s property market forecast for 2025
Here is a list of the top 10 Sydney streets with jaw-dropping properties, the richest of homeowners and eye-watering property prices.
| Ranking | Street name | Suburb | Highest reported sale price for 2020 (million) | % of properties sold over $1 million in 2020 (disclosed data only) |
| 1 | Ocean Road | Palm Beach | $24.0 | 100% |
| 2 | Wolseley Road | Point Piper | $13.025 | 100% |
| 3 | Hopetoun Avenue | Mosman | $9.05 | 100% |
| 4 | Bower Street | Manly | $8.8 | 100% |
| 5 | Coolong Road | Vaucluse | $5.5 | 100% |
| 6 | The Point Road | Woolwich | $9.0 | 100% |
| 7 | Louisa Road | Birchgrove | $3.5 | 100% |
| 8 | Victoria Road | Bellevue Hill | $5.6 | 76% |
| 9 | Chalmers Road | Strathfield | $3.625 | 100% |
| 10 | James Cook Is | Sylvania Waters | n/a | n/a |
Data Source: Domain.com.au
Most expensive streets in Melbourne
Over in Victoria, Melbourne also takes the title as home to some of Australia's most expensive streets, most of which are in the elite suburbs of Toorak where the pavement is all but lined with gold.
The suburb itself enjoyed a hike in prices over the last 12 months, with sales across six leading wealthy streets as high as a whopping $10.725 million in Irving Road.
The same street, however, also saw sales below the $1 million mark which dragged down its wealthy status.
But there are also other Melbourne streets that make the cut.
Here I’ve put together a list of the city’s most prestigious addresses where only the wealthiest can afford to live.
| Ranking | Street name | Suburb | Highest reported sale price for 2020 (million) | % of properties sold over $1 million in 2020 (disclosed data only) |
| 1 | St Georges Road | Toorak | $1.445 | 100% |
| 2 | Albany Road | Toorak | $6.2 | 100% |
| 3 | Towers Road | Toorak | n/a | n/a |
| 4 | Clendon Road | Toorak | $1.849999 | 100% |
| 5 | Irving Road | Toorak | $10.725 | 66% |
| 6 | Hopetoun Road | Toorak | $8.0 | 100% |
| 7 | Seacombe Grove | Brighton | $7.25 | 100% |
| 8 | Glyndon Avenue | Brighton | $5.675 | 100% |
| 9 | Shakespeare Grove | Hawthorn | $3.15 | 100% |
| 10 | Monomeath Avenue | Canterbury | n/a | n/a |
Data Source: Domain.com.au
Most expensive streets in Brisbane
It’s not just major cities Sydney and Melbourne that dominate the top percentage of expensive houses, Queensland’s Brisbane also has some high-valued streets where property prices would knock your socks off.
Witta Circle and Mossman Court in Noosa Heads dominate the top of the list with sales as high as $11.25 million.
Here are the top 10 most expensive streets in Brisbane.
| Ranking | Street name | Suburb | Highest reported sale price for 2020 (million) | % of properties sold over $1 million in 2020 (disclosed data only) |
| 1 | Aaron Avenue | Hawthorn | n/a | n/a |
| 2 | Witta Circle | Noosa Heads | $11.25 | 100% |
| 3 | Mossman Court | Noosa Heads | $10.91 | 100% |
| 4 | Minyama Island | Minyama | $6.95 | 100% |
| 5 | Dickson Terrace | Hamilton | n/a | n/a |
| 6 | Kootingal Street | Ashmore | n/a | n/a |
| 7 | Wendell Street | Norman Park | $6.0 | 100% |
| 8 | Scott Street | Kangaroo Point | $4.375 | 100% |
| 9 | Wesley Court | Noosa Heads | n/a | n/a |
| 10 | Austral St | St Lucia | n/a | n/a |
Data Source: Domain.com.au
