By Aska Soo December 5, 2024

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Where the Elite Live: Inside Australia’s Most Expensive Streets

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Where the Elite Live: Inside Australia’s Most Expensive Streets

Imagine living on a street where the median house price rivals the GDP of a small nation.

Now, picture the breathtaking harbour views, iconic mansions, and prestige that come with it—welcome to Australia’s most expensive streets.

Australia’s elite real estate hotspots

From Sydney’s shimmering coastline to Melbourne’s leafy enclaves, certain streets are synonymous with wealth, luxury, and exclusivity.

These addresses don’t just have high price tags; they tell stories of affluence and aspiration.

Let’s take a closer look at where the ultra-wealthy call home.

1. Wolseley Road, Point Piper

Topping the list is Sydney’s Wolseley Road, with a staggering median house price of $33 million.

Renowned globally for its uninterrupted views of Sydney Harbour, this street is a magnet for billionaires.

Even modest apartments here command millions—an undeniable testament to its cachet.

2. Wentworth Road, Vaucluse

With a median price of $18.8 million, Wentworth Road is a blend of opulence and tranquillity.

Nestled in Vaucluse, it offers sprawling estates, lush gardens, and quick access to the city.

3. Linlithgow Road, Toorak

Melbourne’s finest makes its debut with Linlithgow Road in Toorak, boasting a $14.9 million median price.

Known for its grand homes and secluded ambience, it’s a beacon for those seeking understated luxury.

Recently, the SMH published a list of the most expensive streets in the nation based on Ray White's research.

Australia's most expensive streets

Median street value, November 2021 to November 2024:

City	Suburb	Street	Median Value	Sales Count Last 3 Years
Sydney	Point Piper	Wolseley Rd	$45,000,000	5
Sydney	Vaucluse	Wentworth Rd	$23,800,000	11
Sydney	Bellevue Hill	Ginahgulla Rd	$22,150,000	6
Melbourne	Toorak	St Georges Rd	$16,930,000	8
Melbourne	Toorak	Hopetoun Rd	$15,000,000	6
Melbourne	Toorak	Linlithgow Rd	$14,350,000	5
Brisbane	Teneriffe	Macquarie St	$6,900,000	5
Brisbane	Hawthorne	Virginia Av	$4,905,000	14
Brisbane	Bulimba	Quay St	$4,825,000	8
Perth	Dalkeith	Jutland Pde	$6,350,000	7
Perth	Mosman Park	Saunders St	$5,800,000	5
Perth	Mosman Park	Colonial Gdns	$5,700,000	7
Canberra	Deakin	National Cct	$4,425,000	5
Canberra	Forrest	Arthur Cir	$4,060,000	8
Canberra	Red Hill	Scarborough St	$3,980,000	6
Adelaide	Walkerville	Church Tce	$3,420,000	11
Adelaide	Walkerville	Gawler Tce	$3,297,076	5
Adelaide	Malvern	Fisher St	$3,000,000	7
Hobart	Sandy Bay	Red Chapel Av	$2,000,000	7
Hobart	Mount Stuart	Toorak Av	$1,800,000	5
Hobart	Sandy Bay	Sandy Bay	$1,730,000	36
Darwin	Fannie Bay	East Pnt	$1,812,500	6
Darwin	Marlow Lagoon	Greenhide Rd	$1,800,000	5
Darwin	Larrakeyah	Cullen Bay	$1,565,000	15

Source: Domain

These streets don’t just represent staggering price tags—they are icons of ambition, privilege, and a lifestyle most can only dream about.

But their existence isn’t just about exclusivity; they reflect broader truths about wealth distribution, the value of prime real estate, and the insatiable human desire to live in extraordinary places.

For most of us, these homes might remain fantasies, but they also serve as inspiration—proof that with the right strategies and a little luck, the possibility of living in Australia’s most coveted locations isn’t entirely out of reach.

After all, every dream home begins with a single step into the world of property.

So, where will your next step take you?

About Aska Soo Aska is a passionate and driven professional with many years of experience as a property consultant helping clients achieve their financial goals through property acquisition. She has consulted clients around Australia by reviewing, educating, and advising clients about their financial situation and what they need to achieve their end goal of being financially free.