Sydney’s most expensive streets revealed
These are Sydney’s richest streets, where in some cases you need $24 million just to get a look in. Check them out.
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The extreme nature of Sydney’s property market has been revealed with the city’s most expensive streets clocking phenomenal median values as high as $23m.
A review of price data from Ray White over the past 12 months, provided exclusively to The Saturday Telegraph, has listed the top 10 most expensive streets across the Harbour City along with regions across NSW.
The eastern suburbs’ big hitters Point Piper, Vaucluse and Bellevue Hill reigned supreme with all 10 streets recording average sales over $12m.
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Wolseley Rd, a curving street through Point Piper with gun barrel views of the Harbour Bridge, city skyline and Opera House, was ranked the most expensive street in the country with a remarkable average of $23,755,000 – almost $9m above Melbourne’s highest street in Toorak.
The sought-after street saw a $60m sale of the waterfront gem ‘Akuna’ in November 2023, while Victoria Rd in Bellevue Hill – number 6 on the list – took out Sydney’s top sale of 2023 with a $76m sale for the Queen Anne Federation mansion ‘Leura’.
Ray White Group data analyst William Clark said Sydney, being a harbour city and blessed with world class beaches, saw its most expensive properties at the harbourfront with near access to those beaches.
“Case in point is Point Piper once again topped the list with Wolseley St,” he said.
“This famous street has the best view of both the opera house and harbour bridge, has water frontage, and is a few minutes drive from Bondi Beach.
“Most streets this year were in the Eastern Suburbs, though Northbridge’s Coolawin Rd shows that harbour views can also be found near Middle Harbour, and Sydneysiders will pay a premium for views of this picturesque harbour.”
Prestige agent Brad Pillinger, who was behind some of 2023’s biggest sales, said while Bellevue Hill did some catching up over the past year, the Wolseley Rd appeal came down to the “waterfront location close to the city yet still distinctly away from it”.
He said land sizes told part of the story across the streets listed however “it’s all about position, view and finishes”.
Mr Pillinger said sources of wealth were a lot more diverse compared to 25 years ago, with more recent “.com” wealth and overseas investment.
He said he enjoyed the rewarding nature of being a prestige agent with each offering nuanced and unique.
“If you were going to be a residential agent, this would be where you would aspire to be,” he said.
Shruti and Amit Bansal are selling the Kensington home/corner store premises they bought two years ago after falling in love with the eastern suburbs.
The family is planning to buy a smaller home in the area, while they split their time between Sydney and India to be with family.
Mrs Bansal said they had been looking for a combined commercial/residential premises two years ago and loved the neighbourhood surrounding Todman Ave.
“I have been running an online skin care and fragrance business called Nuics & Satori and opened the doors to the public last year. The neighbourhood has been really supportive,” she said.
“We have also spent a lot of time renovating the house so it’s a shame to be selling.”
She said they had been keeping track of the changes in the Sydney property market.
“Some areas do well and nothing seems to stop it,” she said.
“We have a unique property here with the commercial and residential. It’s hard to know how the property will do.”
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She said they loved the family orientated street, being one of the main streets of Kensington which has some big blocks while also being close to Moore Park Super Centre.
“Where we are is a corner shop, it’s iconic,” she said.
“A lot of people comment that they remember coming here when it was a cafe. There’s a lot of nostalgia.”
Ray White Touma Group – Eastern Suburbs Roger Wardy said the West Kensington pocket had become the most expensive and sought after in Kensington with values of many homes set to tip over $8m.
“It’s a heritage conservation area with big federation style homes,” he said.
“We have knockdowns here going for $4.9m.”
He said with all the growth work being done to revamp Kensington, it was quickly becoming the “new inner city hub”.
Across regional NSW, the north coast recorded the most expensive streets with the top Old Byron Bay Rd in the celebrity enclave of Newrybar with a median value of $4.9m, closely followed by streets in Casuarina, Kingscliff and Suffolk Park.
In the Central West, Orange has the most expensive street in Dean Dr with a median value of $1.75m, while the south coast beachside suburb of Kiama recorded the top street – Gwinganna Ave – with the median value at $3.65m.
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Originally published as Sydney’s most expensive streets revealed
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