1. The Penthouse at Central Park Tower, New York — $250 Million. Call it a coincidence, but the most expensive home in the world is perched atop the world's tallest residential building on New York City's Billionaires' Row.
Sydney named second-most expensive place in the world to buy a home, according to report.
What are the richest suburbs in Australia? The highest-earning suburbs in Australia are Cottesloe and Peppermint Grove in Western Australia, based on the ATO's latest taxation figures.
No suburb in the country features a greater concentration of members of The List – Australia's Richest 250 than Toorak, where Melbourne's wealthiest families have gathered for decades. Think historic looking mansions guarded by large hedges set back from the street to ensure privacy.
Byron Bay's laidback lifestyle has won over stars like Chris Hemsworth, Zac Efron and Matt Damon, and now the world's super-rich are looking to splash their cash on the town's luxury properties.
Australia's most expensive house sale is the $100 million Point Piper estate Fairwater, sold in 2018 by the Fairfax family to Atlassian co-founder Mike Cannon-Brookes.
The biggest house in Australia is Fairwater, a two-storey mansion in the harbour-side Sydney suburb of Point Piper. Built in 1882, the heritage house features period finishes, stained glass windows, painted ceilings, decorative rich mosaic floors, door leafs and door furniture, panelled walls, and chimney pieces.
Hollywood stars hunker down in Australia's Byron Bay, where COVID-19 spurs film boom. Australia's coastal town of Byron Bay has been a draw for Chris Hemsworth (who lives there), Melissa McCarthy, Zac Efron and Nicole Kidman.
Topping the list as Australia's most expensive private school is likely Victoria's Geelong Grammar School for the second consecutive year. Tuition for year 10 - 12 students at the elite secondary school will set parents back $46,020 a year in 2023, up 5.4 per cent on 2022.
The worst performing states are Tasmania, with incomes 26% below the national income and wealth average, as well as South Australia which is 19% below the average household income and 20% below the national net wealth.
In 2019-20, a household at the 90th percentile of the distribution – that is, a household that is richer than 90 per cent of households – had a net worth of $2.26 million. A household at the 10th percentile was worth just $36,900, or 61 times less.
Mungallala Methodist Church was built in 1964. It has now closed. In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
Outlandish as it may seem, the lavish spending has become commonplace within the inner circles of Sydney's community of wealthy Chinese. Billionaires from mainland China, Hong Kong and Singapore, along with homegrown Asian tycoons, have turned the Harbour City into their playground.
The country's lowest-ranked postcode (4713) is in central Queensland, a place called Woorabinda south-west of Rockhampton. The least advantaged place in Sydney (for the third census running) is Claymore (2559), which is located in the Campbelltown council area and contains a lot of public housing.
Most expensive suburbs for capital city houses Australia 2022, by median value. Vaucluse, New South Wales was the most expensive capital city housing suburb in Australia in 2022, with a median property value of over 7.9 billion Australian dollars.
1. Double Bay (2028) The ritzy and exclusive harbourside suburb, full of upscale boutiques, popular cafes and took the crown not only as the richest postcode in Sydney but also in the whole of Australia.