Sydney has always been known for its high property prices.
Here, you’ll find some of the most luxurious and expensive suburbs in the whole of Australia.
If you’re looking to see which suburbs have the highest price tags, these are the top ten most pricey suburbs to buy a property in across Sydney.
Despite being located only eight kilometres away from the Sydney CBD, you’ll find quiet family living in Longueville.
The Lower North Shore suburb is filled will Federation, Victorian and Californian bungalow style houses.
Houses in Longueville average $3.9 million and median weekly rent comes to a whopping $1,200.
Mosman is another high-end area with both young families and older residents.
The suburb is located in the Northern Beaches district, also about eight kilometres from the CBD. Both modern and old homes offer harbour views and all the other benefits of coastal living.
Houses come at a median price of $4 million whereas units sit around $1 million.
8. Dover Heights
Slightly more expensive than Mosman is Dover Heights, another coastal suburb.
It’s located close to the beach, the hub of Bondi and the Dudley Page Reserve.
The Eastern Suburb is about nine kilometres away from the CBD. A house will cost you $4.1 million or $1,448 a week in rent.
Apartments in Dover Heights come in at a median of $1.5 million or $790 in rent.
7. Centennial Park
Centennial Park is in the south-east of Sydney, only four kilometres away from the CBD.
Similar to Longueville, the area has many Federation and Victorian style homes.
Median house prices are sitting at around $4.1 million but are hard to secure.
Units are significantly cheaper at around $799,000 and $550 for weekly rent.
6. Cremorne Point
Cremorne Point is a blue chip suburb with privacy and breathtaking views.
It’s near the scenic pathways of Cremorne Reserve, Taronga Zoo and across from the harbour.
The median house price is currently around $4.4 million. Units are more affordable at around $1.3 million.
5. Double Bay
Double Bay is a harbourside suburb with sophisticated and prestigious properties.
You’ll find a range of boutique shopping and elegant cafes on your doorstep if you choose to live in the area.
Houses come in at an average of $4.48 million with median weekly rent at a whopping $1,800.
Apartments aren’t that much cheaper with an average cost of $1.4 million.
If you’re hoping to live close to Bondi, Tamarama is close by with only a few, very expensive homes for sale.
You’ll find modern and art deco buildings and gorgeous views.
The median house price is a whopping $5.8 million and median rent would cost you $2,150 per week.
Apartments come in at a median price of $1.4 million.
Vaucluse is known for being an incredibly affluent area with peninsular and harbour views unlike any other.
You’ll find lavish beaches everywhere in this coastal haven.
A median-priced house in Vaucluse will cost you a whopping $5.84 million.
Units are more affordable in comparison to other expensive suburbs, coming in at around $1.1 million.
2. Bellevue Hill
Families with deep pockets will find Bellevue Hill ideal, close to the best private schools, shops, beaches and the city center.
You’ll find lavish homes and incredible gardens in the area.
The median house price is $6.4 million with a weekly rent of $2,200. Units average at around $1.1 million and $720 a week in rent.
1. Darling Point
Lucky last but definitely not the least is Darling Point.
The most expensive place to buy a house in Sydney is only four kilometres away from the CBD and comes with picturesque waterfront views.
The median sale price for houses in Darling Point is an astronomical $7.7 million with rent coming in at $2,200 a week.
Even units average $2.4 million and $900 a week.
Guest author: James Pointon is a Commercial Manager at OpenAgent.com.au, an online agent comparison website helping Australians to sell, buy and own property.