Where is Australia’s most expensive suburb and council area? Which state has the most expensive suburbs? These are questions that the Marquette Turner team often get asked, by Australian’s and non-Australian’s alike.
Most expect the answer to revolve around Sydney and New South Wales, and up until a year or so ago they would have been correct.
However, with Australia’s mining boom continuing as China’s growth continues at break-neck pace, the Australian state that reaps the most reward is Western Australia.
The Perth council area of Cottesloe now holds the mantle of Australia’s most expensive suburb, having edged out Mosman in Sydney, New South Wales.
The median house price in Cottesloe has now topped $2 million AUD, and it isn’t the only Perth suburb to feature in Australia’s Top 10 most expensive council areas. In fact, there are four in total, with Nedlands, Mosman Park and Claremont also featuring.
The rest of the Top 10 is made up of six Sydney council areas, and is perhaps why New South Wales remains the most expensive state to buy property in Australia.
WA is a close second, and so long as the mining boom continues will definitely be snapping on the heels of NSW.
The top 10 Most Expensive Council Areas (median house price)
Cottesloe WA Perth – $2,000,000
Mosman NSW Sydney – $1,922,500
Nedlands WA Perth – $1,775,000
Woollahra NSW Sydney – $1,650,000
Mosman Park WA Perth – $1,520,000
Hunters Hill NSW Sydney – $1,450,000
Claremont WA Perth – $1,350,000
Waverley NSW Sydney – $1,275,000
Willoughby NSW Sydney – $1,150,000
Manly NSW Sydney – $1,150,000