Eye-watering Sydney suburbs where housing price averages don't drop below $3.9 million
Property prices continue their march upwards around Australia.
New data from Domain shows housing values increased for a fifth consecutive quarter as of March, driven by low supply, high construction costs, and strong population growth.
Sydney remains the epicentre of ballooning property prices. In fact, in the 10 most expensive suburbs of the city, median prices barely drop below $4 million.
Here's where those suburbs are, in case you have a whole lot of cash burning a hole in your pocket.
8. Manly
In Manly, prices rose 11.1 per cent in the past year to an average of $4,193,750.
6. Rose Bay
In Rose Bay, the median price dropped by 10.4 per cent to $4.75 million.
3. Bronte
Prices were also steady in Bronte at a $5.55 million median.
2. Vaucluse
Prices fell slightly in Vaucluse, by 2.2 per cent, but still sat at an average of $8.475 million.
1. Bellevue Hill
And say hello to Sydney's most expensive suburb to own in, Bellevue Hill.
In the past year, prices there rose 9.6 per cent to reach a staggering median of $9.75 million.
Share a tip-off, video or photo with us
