Sydney, probably the most beautiful and popular city in Australia is outrageously expensive. This has nothing to with avocado toast, so don’t even try to go there. The main reason is, the property of market of the city is already king-size expensive. However, it’s expected that it will rise to another 10% by the end of 2021, according to finder.com.au. They also noted that in February 2021 alone, there was a 2.1% jump which is the biggest month-on-month increase in 17 years.
Credible data from CoreLogic and several home builders in Sydney also concluded that the suburbs pulling in the most expensive price tags are all located in Sydney. As a matter of fact, these suburbs create a cluster in the upscale Eastern Suburbs region. If you’re here because you have plans to live in any of these suburbs, then it’s better to be informed now, so you can get started on the budget!
#10 ROSE BAY: $3.9M
Photo by Domain
First on our list is Rose Bay which is situated between Bellevue Hill and Dover Heights. It provides direct water access to the Sydney Harbour and is famous for its lavish lifestyle and statement properties. A typical house there will cost you around $4.1 million, or $1,350 each week in rent.
Meanwhile, the units in Rose Bay aren’t entirely cheaper as they sell for around $1.38 million or rent for $650.
#9 DOVER HEIGHTS: $4.87M
Photo by Realestate
This pricey coastal suburb is located near the beach in the middle of Bondi and the Dudley Page Reserve. This eastern suburb is around nine kilometres away from the CBD. A property will cost you around $4.87 million or $1,975 per week in rent. On the other hand, Dover Height’s apartments come in at a median of $1.66 million or $635 in rent.
#8 MOSMAN: $4.56M
Photo by Financial Times
Another high-end area on our list is Mosman which has older and young families residents. You can find the suburb in the Northern Beaches district about eight kilometres from the CBD. You can see various old and modern homes in the suburb and they all offer harbour views and other amazing benefits of coastal living.
At a median price, the houses come at a cost of $4.56 million and units are around $1.1 million.
#7 VAUCLUSE: $5.82M
Photo by Wikipedia
Vaucluse is well-recognized for being an extremely wealthy area with peninsular and harbour views far from any other. You can plenty of luxurious beaches everywhere in this coastal haven. The usual price of a house in Vaucluse is around a whopping $5.825 million.
For units, they are actually cheaper in comparison to other pricey suburbs, it will cost you around $1.19 million which is $650 per week in rent.
#6 DOUBLE BAY: $6.05M
Photo by LUXE City Guides
If you’re looking for something more sophisticated and prominent property, then Double Bay, a harbourside suburb might be the right one for you. Double Bay offers a wide range of boutique shopping and classy cafes on your doorstep if you want to live in the area.
A median-priced house in Double Bay is around $6.054.76 with average weekly rent at a whopping $2,000. Apartments are more affordable with an average price of $1.66 million, with $695 in rent per week.
#5: BELLEVUE HILL: $6.4M
Photo by Tzannes
Affluent families with find Bellevue the perfect choice is it’s near to the most prestigious private schools, beaches, shops, and city centre. The lavish homes in Bellevue Hill have marvellous gardens in the area.
Houses come at a median price of $6.4 million with a weekly rent of $1,950. The average unit is around $1.3 million and $625 a week in rent.
#4: CENTENNIAL PARK- $6.5M
Photo by Realestate
The Centennial Park is located in the southeast of Sydney, which is just four kilometres away from the CBD. You can compare to Loungeville since the area has many Federation and Victorian-style homes. A typical house sits around $6.5 million but it’s not that easy to secure.
Units are more affordable at around $936,000 and $495 for weekly rent.
#3: WOOLWICH: $6.82M
Photo by Realestate
Woolwich is a little foreland north of the Sydney Harbour Bridge. The main age group in the place is 60-69 years old, with households absorbed predominantly of childless couples. The median sale price for houses in Woolwich is around $6.82 million and since it’s a small suburb, it’s surely difficult to find.
For the median price of units, there is minimal information but they are expectedly around $525 per week in rent.
#2: DARLING POINT: $7.06M
Photo by Belle Property
One of the highest-priced places to own a house in Sydney is about four kilometres only away from the CBD and comes with striking waterfront views. The median houses prices in Darling point is an enormous $7.06 million with rent of around $2,200 a week.
Units are unsurprisingly priced too at an average of $1.78 million and $900 a week.
#1: TAMARAMA: $8.12M
Photo by Domain
And the last one on our list which is the most expensive is Tamarama. If it’s your dream to live close to Bondi, then this suburb is nearby with only several very expensive homes for sale. Tamarama offers modern and art deco establishments and picturesque views, of course.
If you’re asking about the price, its median sale price is a whopping $8.12 million and the median rent cost is around $2,100 per week. Apartments in Tamarama costs around $1.93 million.
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