Top 20 Most Expensive Suburbs in Melbourne Main Ridge Merricks North Portsea Flinders Point Leo Toorak Moorooduc Canterbury Kooyong Fairhaven Kangaroo Ground Deepdene Brighton Albert Park Balnarring Beach Southbank Middle Park Bellbrae Sorrento Merricks Beach 1. Nedlands is home to excellent universities and outstanding medical institutions. Back to the Mornington Peninsula is Moorooduc, which has a median house price of $3,028,300. The highest sale of the past 12 months was for $7,350,000. Just ten properties were transacted over the last 12 months. This isnt surprising considering how versatile, hard-wearing and low maintenance exposed aggregate is, even when exposed Read More, How much does a concrete driveway cost? Its a common question, but many people are surprised to hear there is no simple answer. 40 houses were transacted during this, and 1 unit representing a turnover of 3.29%. Visit our Sydney Suburbs Crime Statistics page for a full statistical breakdown of crime rates for all major crime types in every suburb of Sydney per population. It is known for its large beachside mansions on large estates, along with its golf course and yacht club. Next on the list is the inner-western suburb of Perth home to University of Western Australia and some of the states finest medical facilities. And more suburbs are tipped to follow if there is a new wave of relocations after WA's hard border lifted. In the early 2010s, they were in the $600,000s. Floreat Beach. In the 12 months to July, 75 properties sold in Applecross, with sellers waiting a median of 55 days to sell. Just six houses were sold over the past year, with the highest sale price during this time being $1,410,000. Its median house sale price came in at $1.85 million, which is a 42.3 per cent increase compared to the same time last year, making it the suburb with the biggest price growth on this list. Just 10 minutes away from the Perth CBD, there wont be a problem heading to your workplace. Only a 15minute drive from Perth, City Beach median house price comes in at $1.7million, making it Perths third most expensive suburb to live in. Heres REIWAs list of the 10 suburbs that even a Lotto win would struggle to get you into. No. The median sale price in Applecross was $1.6 million in the 12 months to August 2021, a slight increase of 1.3 per cent compared to the same time last year. Ding Ding Ding! It sits at the mouth of the Swan River, and to its west is the Indian Ocean. PropTrack economists said the surge in immigration is contributing to the rental crisis, as most new arrivals are students. Units are most expensive in Bayview at a median price of $547,739. Theres always something to do in Cottesloe. The most expensive suburb in WA for property, Dalkeith has been at the top for the last 12 months to July 2020 with a median sale price of $2.35 million, which represents growth of 4.4%. A desirable riverside position and home to Perth Zoo and other picturesque locations to take walks and dine at, South Perth is a popular area for residents and outsiders. 10 Bellevue Terrace, West perth went for $15 Million . The real estate developments clearly mark this spectacular suburb as one of the most popular and expensive places to live. Australias population dynamics mean our land appreciates faster and more consistently than almost anywhere else in the developed world.. Positioned next to Hyde Park, Highgate offer 70% of residents close proximity to parklands and 67% of residents easy access to education facilities. Sydney's Double Bay in postcode 2028 took the the crown for the richest suburb with an average taxable income of $242,428 in the 2017-2018 financial year. It boasts a median house price of AUD 3.46 million. Home to 1,130 residents, it is located 104 kilometres from Melbourne. Picture: realestate.com.au/buy. Located nine kilometres from the Melbourne CBD is the leafy suburb of Deepdene. Whether youre looking to buy or sell, it can take an average of around 54 days to sell. Median house prices are taken from Corelogic for the 12 months up until 31st March 2018. Personalised advertising: We show you more relevant advertising based on your activity. Located seven kilometres from the Melbourne CBD, Kooyongs highest house sale over the last 12 months was for $5,250,000. The answer is Read More, Whats the best thing about living in Perth? Located 54 kilometres from Melbourne CBD and 13 kilometres from Frankston, Moorooduc has a population of just over 1,000. The area is home to Belmont Park Racecourse, Crown Perth, and the recently completed Perth Stadium. 5. When it comes to choosing a new place to live in, the most important factor to consider will be your budget. Dalkeith is Perths most expensive suburb. Peppermint Grove - $3.6 million Picture: realestate.com.au/buy. During the 12 months to December 2019 there were 89 houses sold in City Beach with a median of 44 days to sell. permission of the copyright owner except of the use of quotations in a book review. Just beside Claremont, this suburb is almost a twin of its neighbor. If youre after a morning cuppa with lakeside views of Herdsman Lake, youll want to be situated on Lakeside Drive. Picture: realestate.com.au/buy. What counts as the best is subjective, but we recommend that you choose a suburb that ranks low in crime rates for your own safety and security. Nedlands is just 7km from the city centre. This rate, of course, is relative to a suburbs population, so its essential to take into account the population rate of the suburb as well. This reflects a relatively high turnover of 4.19%. Nedland's is Perths third-most expensive suburb for houses, with a median sale price of $1.75 million. It is popular with well know reasons such as the Myers family, Eddie McGuire, Dame Elisabeth Murdoch (mother of Rupert) Lindsay Fox among many others. The most expensive suburb in WA for property, Sir Charles Gardiner Hospital is one of many fine WA medical facilities, ome of Perths best Swan River and City views as well as some of Perths most beautiful houses are in Applecross. Stay up to date with our free emails containing the countrys most important stories with our free email newsletters. City Beach offers an enviable lifestyle. Prefer us not to? The median house price for Nedlands currently sits at $1.6million for the last 12 months to October of 2019. Explore our stunning collection today. "The median house sale price in Perth has grown from $170,000 to $525,000 since . Fellow leafy eastern suburb Kooyong is next on the list, with a median house price of $2,973,300. Perth's prestigious seaside inner suburb of Cottesloe maintained its popularity with prices rising around 30 per cent to around $2.7 million. The charming singer is known to have rented an Airbnb mansion in the Silicon Valley that charges . Picture: realestate.com.au/buy. Located on Victorias Surf Coast, Bellbrae has a median house price of $2,494,500. The suburb was established in the 1940s and is 97 kilometres from Melbourne. The suburb has good proximity to Perths city centre and Subiaco, and families will love its great parks. The median house price of the suburb is $2,704,300. Dubbed Australias Monaco due to its size and wealth concentration, Peppermint Grove is home to the affluent school, Presbyterian Ladies College. This is based on real estate record sales from August 2020 to August 2021. The City Beach groyne is also a favourite spot for surfers, which is patrolled by the City Beach Surf Life Saving Club to provide safety for residents and tourists alike. Coastal suburbs in Perth. To put this into perspective, asking prices were hovering around the $900,000s from around 2017 to the pandemic. Its median marginally declined by 0.2 per cent in the 12 months to July 2020, taking the figure to $1.25 million. Living closer to the beach seems to tempt tenants since it's too good an opportunity . Claremont has great proximity to the beach. Property in Vaucluse on average rose by more than 500 per cent between 1991 and 2021, with the median price of a dwelling today costing an eye-watering $8.6 million. Mosman Park is number eight on the list of Perths most expensive suburbs. aussieproperty.com Pty Ltd - ABN 47 169 499 496. City Beach had a median house sale price of $2.2 million in the 12 months to August 2021, a 31.3 per cent increase compared to the same time last year. This represents a median house sale price increase of 24.7 per cent when compared to the same time last year. Daglish - Sitting at the top as strongest performing suburb for long term performance and coming in second for growth over the 12 months to September 2021, the median house price is well over the Perth median price at over $1.3m with houses being sold in under a week once advertised. The median days on market was 31 days for houses. Arguably the suburb people most Australians consider to be the most expensive in Melbourne, Toorak has a median house price of $3,043,600 and is located just five kilometres from the city centre. So where are the most expensive suburbs to buy in Perth? Cost of living in Perth is cheaper than in 56% of cities in Australia (5 out of 9) Cost of living in Perth is cheaper than in 54% of cities in Oceania (7 out of 13) Cost of living in Perth is more expensive than in 73% of cities in the World (68 . Crab Fest is back with delicious fresh food, cooking demos, celebrities, fireworks and FREE live entertainment. Dalkeith is one of Perth's most affluent suburbs, reflected in the stunning heritage buildings and huge mansions that line the waterfront. Opt Out of personalisation. Many borrowers will feel mortgage pain when they next refinance, Top 20 Most Expensive Suburbs in Melbourne, Get the latest real estate news delivered. Located just under three kilometers from Perths CBD, bustling Leederville is a hip suburb where the median house price is $891,000 and the median unit price is $523,000. Houses sell for an average of $1.735 million, with 63 units being sold from August 2020 to 2021. In the table below weve listed down the median house price, the renter percentage, and the average weekly income for each suburb. We see Cottesloe as the third most expensive place to live with an average house price of $2.65 million. Peppermint Grove is sometimes called Australias Monaco for its small size and concentration of wealth. 41 houses were sold last year, as were 538 units. The suburb is known for its leafy streets and safety, yet is relatively close to the city centre. Known as the 'nanna-state', a report has revealed that Perth has become the second most liveable city in all of the nation after jumping up two spots from 2018, which is a massive improvement from being rated last place in 2017. To help you find a good deal, we've ranked Australia's cheapest and most expensive suburbs by state and territory. The median unit price is $775,500. Just as Sydney has its eastern suburbs, which dominate the list of the most expensive suburbs there, and Perth has its western suburbs, Melbourne has its leafy eastern suburbs. Surrounded in lushes parklands, the lavish suburb Mosman Park median house price sits at $1.39million with an average of 78 days to sell a home. As we step up the luxury game, Mosman Park comes in at number 7 offering panoramic views of the Indian Ocean and the Swan River. Additionally, it has multiple transit options with the Victoria Park train and bus stations, and you can also travel across the Causeway bridge. The affluent suburb is home to some of Perths most prestigious restaurants, including Tsunami and Good Things. The top ten sales in Perth for 2015 are the following. WHETHER its for stunning views or a relaxed lifestyle, location is key when it comes to Perths most expensive suburbs. 22 boutique apartments and 32 villas or townhouses within walking distance of amenities are the modern answer to an inner-city lifestyle that people can afford and therefore demand. Theres nothing quite like the riverside views offered from the shores of South Perth, not to mention breathtaking views of our expanding city skyline. With its golf course and yacht club days on market was 31 days houses. 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