Where are Australia’s most expensive suburbs? 

Article by Camilla Jones 20 May 2025

Australian real estate is amongst some of the most exclusive and high-priced in the world — attracting affluent and high-profile buyers seeking prestige, luxury and quality locations.

From heritage estates to waterfront mansions, some of the suburbs nestled on Australian land command eye-watering price tags and remain highly sought after by buyers and investors alike. 

Where are the world’s wealthiest buying in Australia? Read on for a deep dive into the most expensive suburbs to purchase property in 2025. 

Bellevue Hill (NSW) 

Consistently coming in at one of the most expensive suburbs in Australia, Bellevue Hill is nestled in Sydney’s exclusive eastern suburbs. 

Reining in a median house price of $9.17 million, this suburb boasts of grand estates, heritage homes and breathtaking views. 

Its proximity to Sydney’s CBD and some of the state’s most exclusive private schools makes it desirable for wealthy buyers. 

Vaucluse (NSW) 

Vaucluse, another eastern Sydney suburb neighbouring to Bellevue Hill, boasts a median house price of $7.9 million. 

Revered for its stunning harbour views, Vaucluse is a favourite amongst high-net-worth individuals looking for a semi-coastal lifestyle with proximity to the city. 

It’s high desirability for prestige buyers is partly due to its offering of both modern architectural masterpieces and historic mansions. 

Toorak (VIC) 

Coming in at Melbourne’s most exclusive suburb, Toorak hosts a median house price of $4.725 million. 

This inner-city enclave reflects wealth with its grand homes, tree-lined streets and proximity to elite private schools and shopping precincts. 

The exclusive suburb is a top choice for business executives and celebrities looking for luxury living. 

Mosman (NSW) 

Located on Sydney’s lower north shore, Mosman has a median house price of $5.013 million. 

Known for its waterfront properties, access to prestigious private schools and stunning view of the Sydney Harbour. 

Mosman’s combination of heritage homes and contemporary residences makes it a desirable location for high-income individuals. 

Rose Bay (NSW) 

Another suburb within Sydney’s eastern suburbs is Rosebay, with a median house price of $4.7 million, it offers a mix of coastal charm and luxury living.  

The suburb is known for its proximity to the infamous Bondi Beach, yacht clubs and waterfront properties. 

Rose Bay is another Sydney hotspot offering high-income individuals a prestigious lifestyle with access to Sydney’s coastal lifestyle. 

Tamarama (NSW) 

Situated right next to the iconic Bondi Beach, Tamarama offers its affluent residents a piece of quiet sanctuary by the sea in comparison. 

With a median house price of $2.885 million, the idyllic and small seaside suburb attracts celebrity residents and is often referred to as “Glamarama”. 

Offering stunning ocean views, an intimate beach and modern architecture homes — it’s quickly become a favourite for high-income individuals seeking a coastal lifestyle without the busyness of Bondi Beach. 

It’s a favourite among buyers looking for a coastal retreat with a touch of exclusivity. 

Peppermint Grove (WA) 

Claiming the most expensive suburb in Western Australia, Peppermint Grove has a median house price of $3.8 million.  

Situated near Perth’s Swan River, this suburb hosts grand estates, leafy streets and a tight-knit community of affluent residents. 

It remains one of the most exclusive and prestigious postcodes in the state. 

Northbridge (NSW) 

Another sought-after suburb on Sydney’s lower north shore is Northbridge, with a median house price of $4.65 million. 

Known for its waterfront properties and family-friendly atmosphere, the suburb offers a blend of tranquillity and affluence. 

Conclusion 

The nation’s most exclusive and affluent suburbs continue to attract high-income individuals looking for the quintessential Australian lifestyle, coastal living and luxury. 

Whether it’s waterfront mansions in Sydney’s east or the grand estates of Melbourne’s Toorak — these areas remain highly sought after from both local and international buyers and investors.