Ray White Group Senior Data Analyst, Atom Go Tian, revealed that Sydney’s eastern suburbs continue to dominate the luxury property landscape, with Bellevue Hill claiming six of the top 10 most expensive streets nationwide.
“Australia’s most expensive streets remain overwhelmingly concentrated in Sydney and Bellevue Hill in particular,” Mr Tian said.
“The suburb’s enduring appeal lies in its rare combination of proximity to both the CBD and multiple beaches, harbour views, and large estate-sized blocks on tree-lined streets.”
Mr Tian said that last year’s leader, Wolseley Road, would have retained the top position with its $51.5 million median but was excluded from the rankings due to insufficient sales volume.
Victoria Road in Bellevue Hill ($22.75 million) and Vaucluse Road in Vaucluse ($20.6 million) completed the top three most expensive streets in the country.
“Sydney’s most expensive streets are more than five times more expensive than the leading streets in Perth and Brisbane, and more than 10 times the premium streets in Canberra and Adelaide,” Mr Tian said.
“This disparity reflects Sydney’s unique position as both Australia’s financial capital and its most internationally connected city, combined with geographic constraints that limit harbourside land supply.”
Despite these gaps, each capital city has developed its own distinct luxury property hierarchy.
Melbourne’s premium market remains firmly anchored in Toorak, with Clendon Road leading at $17.75 million, followed by St Georges Road ($15.25 million) and Linlithgow Road ($14.9 million).
Brisbane’s luxury market shows a more diverse pattern according to Mr Tian, with Laidlaw Parade in East Brisbane topping the list at $6.5 million, followed by Wendell Street in Norman Park ($6.44 million) and Macquarie Street in Teneriffe ($6.15 million).
“Perth’s luxury market concentrates in the Peppermint Grove–Dalkeith corridor, with Forrest Street in Peppermint Grove commanding $7.5 million,” he said.
The research revealed a stark contrast at the opposite end of the market, with Darwin hosting all of Australia’s 10 cheapest streets.
“The bottom of the market is in Southport, where Austin Street commands just $117,500, while Kersley Street follows at $172,500,” Mr Tian said.
“This pattern reflects the inverse of what drives Sydney’s Eastern Suburbs premium: Darwin’s most affordable streets reflect their distance from economic centres and peripheral positioning in the city’s outskirts.”
Sydney emerged as Australia’s most polarised property market, with an extraordinary range spanning from Railway Parade in Katoomba at $385,000 to Kambala Road’s $39.35 million – a gap of more than 100 times.
“Conversely, Canberra appears to be the most concentrated market, with its least expensive street, Jeff Snell Crescent in Dunlop, commanding $610,000,” Mr Tian said.
“This pattern is influenced strongly by land size: Greater Sydney encompasses 12,369 square kilometres compared to Canberra’s 814 square kilometres, the smallest of all major cities.”
