Inside Australia's most expensive apartment $1 million? $2 million? How about $60 million. In May 2021, The Boyd Residence in Sydney's ANZ building set the record for the most expensive apartment in Australia.
$60 million: A look inside the most expensive property sold in Australia in 2021. This Sydney CBD apartment sold for $60 million, making it the most expensive apartment sold in Australia in 2021.
In 2019, the One Sydney Harbour penthouse in the Barangaroo South project recorded the highest ever price paid for a home in Australia. The peerless nine-bedroom penthouse was crowned Australia's most expensive home, selling for more than $140 million.
In the first place, as Sydney's most expensive property sold in the 2022/23 financial year, was on 29 Wentworth Street in Point Piper – also known as UIG Lodge. The waterfront mansion sold for an astonishing $130 million in December last year in what was the biggest record-smashing sale since 2018.
Introducing Sydney's most expensive street
Sydney's most expensive street is none other than Wolseley Road in Point Piper. That's what makes Point Piper the most expensive suburb in Sydney as well as the most expensive suburb in Australia!
Over on Sydney's lower north shore, Hunters Hill and Woolwich are situated on a small peninsula that separates the Lane Cove and Parramatta Rivers. Aside from some of Sydney's richest, the area is also home to a number of heritage buildings and impressive houses.
Every state capital has its own alpha row where oversized homes command sky-high prices and ultra-luxurious living, often shielded from the eyes of curious onlookers. In Sydney, it's Wolseley Road in Point Piper.
Less than a month after it hit the market, Australia's most expensive house has been snapped up by tech billionaire Mike Cannon-Brookes and his wife Anna, ending more than a century of Fairfax family ownership.
Sydney private schools Kambala, SCEGGS Darlinghurst and The Scots College are the most expensive schools for 2023. Credit: “Fees are set to a level to meet operating expenses and contribute towards enhancing the experiences and facilities for students and staff.
Housing cost of living comparison
The most expensive place for housing in Australia is Sydney. Including utilities, it's 48.51% higher than the cost of Adelaide, which is the least priciest capital city. Monthly rent in a 2 bedroom apartment* is likely to cost you around $671 more a month in Sydney than in Melbourne.
Sydney has been ranked as the world's 10th most expensive city, according to the latest Economist Intelligence Unit (EIU) report, thanks to the price of groceries, rent and everyday services, ranking equally with Copenhagen.
Sydney's most expensive house sold to date remains the Point Piper estate snapped up by billionaire Atlassian co-founder Mike Cannon Brookes for $100 million in 2018.
A stunning acreage in Dural has broken the auction price record for a property in the Hills district after selling under the hammer for $11.1 million. There were 10 bidders vying for the home on Haven Place and 18 bids were placed, including an opening bid of $9 million.
These suburbs would join western suburbs that have already reached this milestone, such as Castle Hill, Bella Vista, Dural, Beaumont Hills, Cherrybrook, Glenhaven and Kenthurst. The median dwelling price in Kellyville, based on sales of both units and houses, would hit $2m by 2028.
Atlassian's Scott Farquhar now owns the most expensive house in Australia and therefore the richest house as well. Uig Lodge is considered one of the most luxurious houses in the world. Edgewater Point Piper was also one of the richest houses in Australia, which as valued at $95 million when it sold in 2020.
Variety revealed the buyers as Tom and Lisa Bilyeu, the owners of Quest Nutrition, which is a giant fitness food company in the US which was sold for a billion dollars a few years ago if you were wondering where they got their money from!
1. 2028: Double Bay (NSW) And coming in at the top of the list is (surprise surprise) another suburb in Sydney's east: Double Bay. The suburb of 3352 taxpayers has an average taxable income of a whopping $266,381 – almost four times as much as the national average.
Darling Point – $8.88m
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 $8.88 million with rent coming in at $2,300 a week.
Of the top 10 richest postcodes, 1 is located in Western Australia, 1 is located in Victoria and the remaining 8 are all located in some of the most exclusive spots across Sydney. At the top of the list is Western Australia's 6011 postcode, which comprises Cottesloe and Peppermint Grove.
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.
Which are the poorest suburbs in Sydney? The poorest suburbs in Sydney are Blacktown, Fairfield, Liverpool, and Auburn. These are the least advantaged suburbs in Sydney, as determined by a combination of household income, occupation, and level of education.
What are the poorest suburbs in Sydney? As per the Australian Taxation Office, there are many disadvantaged areas in Sydney including Blacktown, Fairfield, Carramar, Auburn, Parramatta, Campsie, Cabramatta, and others.