This is Australia’s most expensive street.
They are the streets that titans of industry, the super wealthy and celebrities flock to live in and enjoy and the rest of us simply have to enjoy driving through and gawking.
Australia has some of the priciest real estate in the world and some of the most aspirational: leafy, serpentine parades with glorious mansions hidden behind impossibly tall fences, waterfront paradises with some of the best views in the world, historical estates worth their weight in gold and resort-like compounds that represent the ultimate in indoor and outdoor contemporary lifestyle.
Akuna on Wolseley Rd, Point Piper, Australia’s most expensive street sold for $60m in November.
AUSTRALIA’S MOST EXPENSIVE STREETS
1. Wolseley Rd, Point Piper, NSW – median house price: $23,755,000*
Featuring Sydney Harbour Bridge and Sydney Opera House views, large plots and direct waterfront access, Wolseley Rd, Point Piper has long held the title as Australia’s poshest road, appearing to the uber wealthy both here and overseas.
Bordered by the harbour on three sides, its location close to the Sydney CBD also makes it attractive as does Point Piper’s peninsula aspect. It’s not a thoroughfare and those who travel into and out of the point either live there or are having a peek at how the other half lives. Ex-Westfield boss and one of Australia’s richest men Frank Lowy, former NSW premier Nick Grenier and Hungry Jacks owner Jack Cowin are among those who have owned on the street.
Waterfront gem Akuna sold in the street for $60m in November.
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The view from Wolseley Rd, Point Piper, NSW.
2. Wentworth Rd, Vaucluse, NSW – median house price: $18,888,000
One of the most sought-after streets in one of the most sought-after suburbs in Australia. Prestigious, private and picture perfect views are what buyers in Wentworth Rd are drawn to, as the road that snakes through the lower half of the blue chip suburb close to the harbour and beaches.
A Wentworth trophy home with seven bedrooms, two pools three kitchens, two internal lifts and a 20-car garage sold for $63m, then Australia’s sixth biggest ever house sale – after three years on the market in February 2022.
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This Wentworth Rd, Vaucluse address sold for $63m.
That home is next door to La Mer, the home James Packer sold for $70m to the Chinese Australian businessman Chau Chak Wing in 2017. Meriton boss Harry Triguboff is another who has called Wentworth Rd home.
Interiors of Le Mer, the Vaucluse property sold by James Packer for $70m.
And its view of the Sydney icons.
Leonardo DiCaprio and James Packer share an appreciation for the finer things in Australian real estate. Picture: Instagram
3. Linlithgow Rd, Toorak, Victoria – $14,900,000
Melbourne’s premier street in Melbourne’s premier suburb. Aussie cricket legend Ricky Ponting bought on Linlithgow Rd in March last year for $20.75m.
The former Aussie skipper’s new home features wrought-iron staircases, marble-topped kitchen surfaces, and extensive French doors to connect to outdoors, where a luxury pool, statues and manicured greenery feature in gardens designed by industry icon Paul Bangay.
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Cricket great Ricky Ponting bought in Linlithgow Rd, Toorak for $20.75m.
This is retirement living!
See the full list of Victoria’s most expensive and most affordable streets
4. Coolong Rd, Vaucluse, NSW – median house price: $14,725,000
Coolong Rd is the address of choice when it comes to super celebrities when they visit Australia and it also boasts what is probably Australia’s most expensive home.
Hollywood stars Leonardo DiCaprio and Julia Roberts both stayed on the narrow road that stretches from Vaucluse Bay to Nielsen Bay in Lower Vaucluse when they were Down Under. Tech guru and Menulog founder Leon Kamenev’s $200m+ home – which was rated as Sydney’s top home of 2023 – sits on the street.
Menulog founder Leon Kamenev’s $200m+ home on Coolong Rd.
Actor Leonardo DiCaprio standing on the balcony of his rented home in Wentworth Rd, Vaucluse.
Julia Robert’s Coolong Rd rental. Picture: Damian Shaw
At the end of the road in a private cul-de-sac it boasts a Great Gatsby-esque estate that was owned by the Grace family of ex-department store chain Grace Bros, which was bought by Myer in 1983.
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Julia Roberts has also called Coolong Rd home.
5. Olola Ave, Vaucluse – median house price: $14m
Olola Ave encircles the near 200 hectares of the estate of heritage-listed Vaucluse House, Australia’s richest ever residential estate that is now a government-owned museum. Olola roams around to almost meet up with both Wentworth Rd and Coolong Rd to form a triangle of some of the priciest real estate on the planet. Olola is prized for its privacy, quiet and large lots, the best of which feature north facing properties with generous harbour views.
26-27 Olola Ave, which fits that bill, is currently for sale for around $55m.
26-27 Olola Avenue, Vaucluse is for sale for around $55m.
See the full list of Sydney’s most expensive streets
Queensland’s most expensive streets
The Sunshine State’s richest addresses are in Mermaid Beach, Surfers Paradise, Hope Island and Carrara.
1. Hedges Av, Mermaid Beach – median house price: $10,500,000
2. Edgecliff Pl, Hope Island – $6,675,000
3. Admiralty Dr, Surfers Paradise- $6,119,000
4. Mcanally Dr, Sunshine Beach – $6,050,000
5. Maryland Av, Carrara – $6,000,000
Hedges Ave, Mermaid Beach has a median house price of $10.5m.
See the full list of Queensland’s most expensive and most affordable streets
South Australia’s most expensive streets
The Common, Edmund Ave and Malvern’s Eton St make up Adelaide’s top three most expensive streets.
1. The Common, Beaumont – median house price: $2,880,000
2. Edmund Av, Unley – $2,590,500
3. Eton St, Malvern – $2,404,000
4. Halsbury Av, Kingswood – $2,330,000
5. Fourth Av, St Peters – $2,300,000
* Data source: Ray White Group
The Common, Beaumont has SA’s top median house price of $2.9m.
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