What is the poshest part of Sydney?

Point Piper is Sydney's ultimate symbol of luxury, where a rich history meets the glittering harbourfront. Over the past decade, it's become something of a reference point for high-end living, consistently racking up record-breaking sales and attracting some of the wealthiest buyers in the country and the world.

What is the richest area in Sydney?

Where do the wealthiest people live in Sydney?

Tamarama, Vaucluse, Darling Point, Bellevue Hill and Centennial Park — all part of Sydney's Eastern Suburbs — are the top five most expensive Sydney suburbs for property, with median house prices ranging from $7.46 million up to $9.2 million.

Why is Double Bay so expensive?

Double Bay

Its waterfront properties and proximity to the CBD make it a prime location for affluent professionals. The vibrant atmosphere and exclusive vibe of Double Bay contribute to its high property prices.

What is the poshest place in Australia?

Nine of the 10 most expensive suburbs in Australia are in Sydney | 7NEWS

Where do rich people stay in Australia?

Toorak, Victoria, 3142

But Toorak in Melbourne is by far and away the most popular place for the richest people in Australia to live. There are no less than 22 people on the list in Toorak.

What is the most expensive street in Sydney?

At the centre of Australia's most expensive streets, according to Ray White's research, Sydney's Wolseley Road in Point Piper has maintained and strengthened its position as one of Australia's most expensive streets, topping the list in 2021 and 2022.

What is the best suburb in Sydney?

How safe is Double Bay?

Double Bay has a low violent crime rate and a low property crime rate for Sydney.

What's the most expensive house in Sydney?

Australia's most expensive home sold for $142m. With no registered mortgage required, Chinese-born company director Yan Zhang paid $141.55m last week for Australia's most expensive penthouse overlooking Sydney Harbour at Barangaroo.

What suburbs of Sydney are mansions in?

What is the richest city in the world?

As of 2025, the New York metropolitan area is the world's principal fintech and financial center and the largest metropolitan economy in the world, with a nominal gross metropolitan product of over US$2.5 trillion.

What is the rich poor line in Sydney?

The “latte line” is the infamous, invisible boundary that divides Sydney between the more affluent north-east and the south-west. Historically, people north of the line enjoy better access to jobs and education, and can capitalise on rising property wealth. This has reinforced economic inequality.

Where do the upper class live in Sydney?

Sydney's upper class typically resides in suburbs offering prestige living, such as Point Piper, Bellevue Hill, and Vaucluse. These areas are known for their luxury property, close proximity to the CBD, private schools, and elite lifestyle amenities.

What is the wealthiest suburb?

New York: Scarsdale.

This famous New York suburb boasts an average household income of $601,193, as of 2023. The average Scarsdale home is worth $1.6 million, as of June 2025. It's the wealthiest suburb in America.

What is the most famous street in Sydney?

Oxford Street is one of Australia's most-loved and historic high streets. A destination for shopping, nightlife and our LGBTIQA+ communities. It's the home of the annual Mardi Gras Parade, and from February to March 2023 the precinct welcomed LGBTIQA+ travellers from across the globe for Sydney WorldPride.

Where do the richest Australians live?

Sydney's Eastern Suburbs jewel, Double Bay, leads with an average taxable income of $428,489, followed by Cottesloe on Perth's coast at $365,588. NSW postcodes dominate the rankings, taking nine of the top 12 spots. The top 25 are all in NSW, Victoria, and Western Australia.

What is the famous address in Sydney?

Australia's Most Well Known Address: P. Sherman, 42 Wallaby Way, Sydney.

Is Sydney or Melbourne richer?

May 17, 2024. We need to have a lay down. The world's richest cities have been revealed and two Aussie names have made the cut. In a surprise to nearly no one, Sydney has ranked as the eighth richest city in the world in terms of millionaires and billionaires per capita, while Melbourne has scraped in at spot 15.

Where do most foreigners live in Australia?

Who is the richest person in Australia?

Gina Rinehart is the richest person in Australia with an estimated net worth of $25.1 bn, primarily derived from her iron ore and mining empire through Hancock Prospecting.

Where are the slums in Sydney?

Sydney's slum districts, commencing in Woolloomooloo Bay spread through Surry Hills, Paddington, Redfern, Newtown, Pyrmont, Balmain, Alexandria, Waterloo and Botany.

Where do rich Chinese live in Sydney?

One of the more popular areas for China's new rich, in addition to the old money suburbs of Vaucluse, Bellevue Hill and Point Piper, is Hunters Hill.

Is Sydney the most unaffordable city in the world?

This news is even more grim for potential Aussie homebuyers, with five Australian cities ranked among the 15 least affordable places to buy a home worldwide in 2025. Sydney was the second-worst place for housing affordability in the world, trailing only behind Hong Kong.