According to the latest Core Logic Property Pulse the number of Australian suburbs in the million dollar club has risen by 29 per cent over the past year, with 613 suburbs nationally recording a median value of at least $1 million as of June 30 2016.
It comes as no surprise that a majority (68.2%) of these suburbs are located in NSW up from 59.9 per cent in 2008, an indication of how housing affordability has deteriorated there over time. Victoria came in second place with 16.6 per cent of the richest suburbs in Aus.
When it seems to be all doom and gloom in the news about the housing affordability crisis and foreign investors dominating property sales, it can be nice to take a moment out of the day to simply look at pretty houses.
If you’re fortunate enough to be on the market for a mega mansion or luxury waterfront abode, or if you just love perving on luxurious real estate, we thought we’d round up some of the most decadent residences we could find across the top ten most expensive suburbs in Australia.
1. Darling Point, NSW. Median house price (MHP) of $6.42 million.
This vast double apartment with show stopping harbour and city views is blast from the 1970s past. The five bedroom pad has retained all its groovy 70s decor including shag pile carpeting, loud vintage wallpaper, a sauna, spa, colourful quirky chandeliers, aquarium, eat-in kitchen and a round master bed.
2. Point Piper, NSW. MHP of $6.03 million.
A classic luxury Point Piper mansion through and through. Featuring 6 bedrooms, 8 bathrooms (wow!), 2 lap pools (one indoors and one outdoors) and awe-inspiring views across Rose Bay.
3. Centennial Park, NSW. MHP of $5.90 million.
Circa 1910, ‘Lectura’ is a private and stately residence. Exquisitely decorated the home boasts soaring ceilings, 6 fireplaces, beautiful leadlight windows and a gourmet kitchen. Modern upgrades include the dual level pool house with studio and cinema room, security intercom and the glistening heated pool.
4. Bellevue Hill, NSW. MHP of $5.52 million.
Spectacular in every way, this elegant five bedroom Federation house offers the very best Bellevue Hill has to offer. Offering the convenience of close proximity to excellent schools, village shops and Double Bay. The home has been meticulously restored for modern living while still retaining charming hallmarks of the original home. The lavish master suite features a dressing room, ensuite, study and sitting area. What more could you wish for!
5. Cremorne Point, NSW. MHP of $4.51 million.
The oldest of our trophy homes built in 1895, this grand waterside retreat is a landmark residence of Cremorne Point. Overlooking lush gardens, Mosman Bay and Sydney Harbour this glorious home is just steps from the ferry, bus, local pool and parks. Attractively restored highlights include high decorative ceilings, original fireplaces, a walk-in kitchen pantry and wine cellar.
6. Potts Point, NSW. MHP of $3.99 million.
Sweeping harbour views don’t get much better than those in this ravishing modern sub-penthouse apartment. The open plan living flowing onto the large terrace with motorised louvre roof and wraparound balcony with bedroom access allow you to make the most of the mesmerising water vistas. Within the tightly held boutique building ‘Pomeroy’, the apartment complex affords the owners a double security garage, indoor pool, gym and concierge services.
7. Vaucluse, NSW. MHP of $3.95 million.
This amazing architect designed mansion has everything you’d expect and then some. Seven bedrooms, eight bathrooms, a nine car underground garage, cinema room, self contained guest accommodation, heated pool, an elevator, a gym with a Jacuzzi and sauna, underfloor heating and a wine cellar are just some of the impressive features of this indulgent 1,500 sq m mansion.
8. Woolwich, NSW. MHP of $3.76 million.
14 The Point Road, Woolwich, NSW
Last sold for $5.09 million in 2013, this historic (c. 1918) waterfront residence is reminiscent of a fine English manor. With superbly maintained gardens and lush rolling green lawns, open fire places, a large games room with bar, wine cellar, workshop, boat shed and mooring, you’d think you died and went to waterfront mansion heaven.
9. Toorak, VIC. MHP of $3.76
Our only Victorian trophy home mention, this refined 1930s home is the epitome of the glory days of Toorak real estate. On a huge 1,970 sq m block in a wide beautiful tree lined street, this six bedroom family castle and its grounds are something really special. The extremely private residence features open fireplaces, a pool, a separate pool house, cabana, wine cellar and breathtaking landscaped gardens.
10. Tamarama, NSW. MHP of $3.75
Perched above Tamarama Beach is this five bedroom contemporary delight. The magnificent home has a resort like feel, with 180 degree ocean views across three floors, sleek interiors, outdoor shower, sun dappled courtyard, an outdoor BBQ entertaining area, home gym and amazing 25 metre under house lap pool.
Love what you see? Add your favourite homes to Collections and share them with your family, friends…anyone!
Happy house hunting!