Finding a home in any Australian capital city will set you back hundreds of thousands of dollars, but some suburbs answer only to millions. Here are some of Sydney’s top millionaire suburbs you’ll want to live in – if you’ve got the spending dough. The median price value for each suburb is based on a CoreLogic RP Data study.
Point Piper
With a median value of $5,596, 397, Point Piper stands tall as Sydney’s most expensive and exclusive suburb. Characterised by its residential affluence and waterfront opulence, this small Eastern Sydney suburb is a mere 6 km from the Sydney CBD. Point Piper is widely considered the most prosperous residential suburb across Australia with some homes starting from $38,900 per square metre. Sitting beside other affluent suburbs like Double Bay, Bellevue Hill and Rose Bay, the spectacular backdrop overlooking Sydney Harbour makes Point Piper one of the most prestigious residential addresses if you’ve got the money to spend.
Centennial Park
Coming in a close second, the median value of a home in Centennial Park is $5,199,324. Centennial Park fringes the western border of the famous parkland, featuring a myriad of luxurious homes on large blocks of land. Apart from homes, affluent multi-unit buildings are common in this exclusive suburb. Located just 3.8 km south-east of Sydney’s CBD, Centennial Park is well connected to all parts of the city, making this a highly coveted location for those with large pockets to spend.
Vaucluse
With a median value of $ 4,125,216, Vaucluse is a high-end suburb located in the eastern part of Sydney. Vaucluse is approximately 8 km to the north-east of the Sydney CBD, making this a desirable residential address. The Sydney Harbour side of Vaucluse boasts spectacular views of the Sydney Harbour Bridge and the gorgeous Sydney cityscape. Vaucluse is adjacent to other wealthy suburbs like Dover Heights, Watsons Bay and Rose Bay.
Bellevue Hill
The median value of homes in the eastern suburb of Bellevue Hill stands at $3,810,420. Just 5 km east of the CBD, Bellevue Hill is an affluent suburb fringed with well-proportioned homes and multi-unit apartments. Bellevue Hill is widely regarded as one of the wealthiest suburbs in Australia and is home to some high-profile city mansions. Bellevue Hill has plenty of excellent schools, including private schools like Cranbrook School and The Scots College. This residential suburb remains popular with well-to-do families thanks to its prized address and convenient location.
Tamarama
With a median value of $ 3,534,024, Tamarama is also another exclusive suburb that is well ahead of the million-dollar club. This beachside Eastern Sydney suburb is just 7 km away from the Sydney CBD. The spectacular coastal location makes it especially attractive for wealthy professionals who have the dollars to spend on exclusive residences. The adjacent parklands to the beach are popular for recreational activities like surfing, swimming, sunbathing and picnicking.
Other affluent millionaire suburbs in Sydney include Double Bay, Watsons Bay, Mosman, Longueville, Rose Bay and Dawes Point.