It comes as no surprise that 2017 sees the Eastern Suburbs take the cake for the majority of the top 5 most Expensive suburbs in Sydney, making it one of the most desired investment opportunity in the world. Here is the latest list based on median house sales of the past 12 months:
1.Darling Point
Median House Price – $5,700,000
With a whopping 15% growth from 2015 – 2016 and located just four kilometres from the CBD, Darling Point offers stunning views of the Harbour and the area hosted sailing events during the 2000 Olympic Games.
2. Cremorne Point
Median House Price – $ 4,875,000
18.9% median house increase year on year. Situated on the other side of the Harbour near Taronga Zoo, Cremorne Point is just six kilometres from the CBD.
3. Bellevue Hill
Median House Price – $4,775,000
An increase of 9.52% year on year, with its tree-lined streets and proximity to some of the best beaches in the city, Bellevue Hill has plenty of historic homes and luxury villas. Check out this magnificent listing (as pictured above)
Median House Price – $4,300,000
Located just eight kilometres from the CBD, this well-heeled suburb has long been home to high-end properties with large gardens and stunning harbour views.
5. Tamarama
Median House Price – $3,850,000
12% median house price increase year on year. This popular beachside suburb of Tamarama is just seven kilometres from the CBD and many of the properties in this area come with water views.
All stats attained form realestate.com
Insights from Elliott Placks, Managing Director & Principal, Ray White Double Bay Changes in policy always bring about new levels of uncertainty across the market. However, changes also make way for new opportunities; particularly for those who act strategically and not reactively. Last week’s federal budget introduced major changes to Negative Gearing benefits and Capital … […]
Following the recent Federal Budget announcements, we would like to provide a clear overview of what the proposed changes may mean for property owners, investors, owner occupiers, and renters moving forward. The 2026 Federal Budget introduced the most significant changes to property investment tax settings in decades. While the headlines have been dramatic, the reality is … […]