The Most Expensive Suburbs In Australia For 2020
— 26 April 2021

The Most Expensive Suburbs In Australia For 2020

— 26 April 2021
Garry Lu
Garry Lu

If someone offered you three guesses to pinpoint which city plays host to the most expensive suburbs in Australia, chances are, it’d be a waste of two guesses.

Yes, as predictable as it may be, Sydney – more specifically, the Eastern Suburbs – has once again dominated yet another property-related list, comfortably occupying nine out of the top ten spots. This time around, the breakdown comes from CoreLogic’s Best of the Best 2020 Report which ranked domestic locales based on median housing values.

The idyllic harbourside corner that is Darling Point secured the throne by a considerable margin, with its eyebrow-raising $7.06 million median house price – a figure which would likely shatter records in most parts of the country.

RELATED: These Are The 10 Highest-Earning Postcodes In Australia

Darling Point’s closest competition is Bellevue Hill at second place with $5.72 million, followed closely by Vaucluse at $5.39 million, Double Bay at, $4.76 million, with the top five rounded out by Woolwich at $4.2 million. The overarching trend? Proximity to water.

The lone exception can be found in the #7 spot, where Melbourne’s Toorak offers something of a reprieve from Sydney’s hegemony. Boasting a respectable median house price of $4 million, as you can see in the featured images above, there’s regular cool… and then there’s Toorak cool.

Take a look at the full list of Australia’s most expensive suburbs below.

The Most Expensive Suburbs In Australia For 2020

  1. Darling Point (Sydney) – $7.06 million
  2. Bellevue Hill (Sydney) – $5.72 million
  3. Vaucluse (Sydney) – $5.39 million
  4. Double Bay (Sydney) – $4.76 million
  5. Woolwich (Sydney) – $4.2 million
  6. Mosman (Sydney) – $4.1 million
  7. Toorak (Melbourne) – $4 million
  8. Tamarama (Sydney) – $4 million 
  9. Rose Bay (Sydney) – $3.9 million
  10. Dover Heights (Sydney) – $3.7 million
The Most Expensive Suburbs In Australia - darling point

Source: CoreLogic

Now that you’ve read all about Australia’s most expensive suburbs, be sure to check out the world’s richest cities for 2020 (as per data from Forbes, Wealth-X, and Realm).

Subscribe to B.H. Magazine

Garry Lu
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture. Drop him a line at [email protected]


Share the article