Picture: realestate.com.au. Home to the iconic Opera House and Harbour Bridge, Sydney has some of the most luxurious and exorbitant living you can find in Australia. All Rights Reserved. Farm Heroes Saga, the #4 Game on iTunes. Dover Heights is a serene eastern-Sydney suburb, with beachgoers and tourists by-passing the area and opting for neighbouring Bondi. Proudly standing third on the podium was the postcode 3142, home to the suburb that has perhaps become a symbol of wealth and privilege in the Australian real estate industry –Toorak. Along with the suburb of Hawksburn, Toorak makes up the postcode 3142, where the average resident earns $196,816 a year. Sydney eastern suburbs (includes  Bondi, Maroubra, Point Piper and Little Bay): $49,663, 6. Canberra, the home of more federal public servants than anywhere else in Australia, was next at $59,439 (Parliament House pictured). Woolwich, the most western of the Sydney suburbs included on the rich list, has a median house price of AUD 4 million. Where indicated, third parties have written and supplied the content and we are not responsible for it. Moving up to Sydney’s harbourside suburbs in the Lower North Shore; postcode 2110 (Hunters Hill, Woolwich) ranks seventh, 2088 (Mosman, Spit Junction) eighth and 2063 (Northbridge) ninth. Sydney north-west (includes Baulkham Hills, Dural and Rouse Hill): $42,228, Source: Moody's Analytics per capita of Australian Bureau of Statistics on median salaries based on specific geographical boundaries. realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd. Tamarama home offers impressive water views. Picture: realestate.com.au. A high-rise home in St Leonards. 7 while Melbourne didn't even make the top 10. Most properties in Dover Heights have views over the harbour or the Tasman Sea – and this is reflected in the prices – it’s another one of Sydney’s most affluent suburbs. Australia's wealthiest suburbs aren't in the ritzy areas of Sydney. A high-density suburb, more than 85% of homes are apartments or units, so it’s no surprise that houses in this exclusive suburb come with a hefty price tag. There’s a mixture of different architectural styles in Longueville. Homes in Double Bay often sit on tree-lined streets. The suburb is situated on the South Head peninsula, with views over the Sydney Harbour to the west and across the Tasman Sea to the east, and it boasts spectacular nature walks and pretty beaches. One of Sydney’s most historic suburbs, Darling Point is also home to some of the city’s most expensive real estate. Beachside-suburb Tamarama – or ‘glamarama’ as it’s often referred to by locals – is a destination for trendsetters, Instagram influencers, and beautiful people. Melbourne had no entries in the top 10 list, based on the mid-point of part and full-time wages, even though Perth and Brisbane did. Canberra, the home of more federal public servants than anywhere else in Australia, was next at $59,439. With harbour and ocean views, tennis courts, private boat moorings, and stunning interiors, properties in Sydney’s most-expensive neighbourhoods offer luxury living for a hefty price. Contrary to popular belief Australia's wealthiest suburbs aren't in the ritzy areas of Sydney. And last but not least, Perth’s beautiful beachside suburbs of Cottesloe and Peppermint Grove at 6011 squeezed in at number 10, representing Western Australia with an average income of $167,090. 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For those with deep pockets — or simply an inquisitive mind — here are the top 10 most expensive suburbs in Sydney. Picture: realestate.com.au. Live Out Your Fairy Tale Dreams in This Southern Highlands Manor, Adelaide Hills Luxury Estate ‘Bandarrah’ Hits the Market, Architectural Masterpiece Going to Auction on Sunny Coast, $1b Hospital in Western Sydney Fast-Tracked, Modern Waterfront Paradise up for Grabs in Burraneer, Top 5 Richest Names in Australian Real Estate, Exclusive Entertainer’s Dream on the Market, $9.5m ‘Eagles Nest’ Listed on The Northern Beaches, Remarkable Ridgeway Drive Home Up For Grabs. The stark difference between Sydney’s richest and poorest suburbs JUST 27km away from the moguls and mega-mansions in Sydney’s richest suburb is the city’s poorest. Sydney inner-west (includes Canada Bay, Leichhardt, Strathfield, Burwood and Ashfield): $48,770, 7. All but one of the remaining spots also went to postcodes in the two largest cities, with Sydney’s Bellevue Hill (2023) fourth, East Melbourne (3002) fifth and a bunch of Sydney’s Eastern Suburbs (Dover Heights, HMAS Watson, Rose Bay North, Vaucluse, Watsons Bay) under the postcode 2030 in at number six. Vaucluse is know for its heritage homes. The comments below have not been moderated. Brisbane's inner-city ($47,558) came in at No. There are many European style homes in Bellevue Hill. Australia's wealthiest suburbs aren't in the ritzy areas of Sydney. $60m Vaucluse mega mansion at 38a Wentworth Road. Perth's wealthy western suburbs on the Swan River came in at number four, with mid-point salaries of $53,570. It beat Sydney's North Shore, which had a median income of $58,135. Sydney Sutherland Shire (includes Cronulla, Miranda): $47,187, 9. Moody's Analytics economist Katrina Ell said Darwin had a greater combination of higher paid jobs in an urban setting. Everyone in Australia is undoubtedly familiar with the mega-mansions of Toorak and Vaucluse, but what exactly are the top ten richest suburbs in Australia and how much are residents there earning? Moving up to Sydney’s harbourside suburbs in the Lower North Shore; postcode 2110 (Hunters Hill, Woolwich) ranks seventh, 2088 (Mosman, Spit Junction) eighth and 2063 (Northbridge) ninth. Property in Darling Point isn’t cheap. The average individual income for the year was $133,892. A contemporary home in Bronte. $27m Gold Coast Sale Smashes Queensland Record. Buyers are attracted to the suburb thanks to its close proximity to the Sydney CBD (under 5km), open space, incredible views, and ample amenities. And last but not least, Perth’s beautiful beachside suburbs of Cottesloe and Peppermint Grove at 6011 squeezed in at number 10, representing Western Australia with an average income of $167,090. Sydney’s most-expensive neighbourhoods range in price from $3.8m – $6.5 million, CoreLogic data for the 12 months up to April 30, 2018 shows. The eastern Sydney suburbs of Double Bay (left) and Point Piper (right) are the two richest postcodes in Australia . We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. We went to both. Longueville is situated on the Lower North Shore of Sydney and is known for its stately Victorian-style homes, Federation homes, Californian bungalows, weatherboard cottages, and contemporary waterfront houses. The suburb is popular thanks to its close proximity to the city, and easy access to expansive parklands, sporting and recreation areas, as well as education facilities including elite private schools. The Sydney Harbour suburbs, which count retired shopping mall billionaire Frank Lowy as locals, edged out the city's gentrified inner-west ($48,770). Australia's biggest share accommodation site. With tree-lined streets, sandy beaches, high-end boutiques, and an emerging bar and dining scene, Double Bay is perfect for those who want the best of both worlds – a cosmopolitan lifestyle by the beach that’s only minutes from the city. Dover Heights home are designed to make the most of the views. But is it the high-end features of these stunning homes or the location that is most attractive to potential buyers? You're Scrooged! 'You have people specifically moving to Canberra for often full-time employment, more professional-type jobs which tend to earn higher salaries.'. Tamarama is situated in the middle of the Bondi to Bronte section of the famous coastal walk. We strongly recommend that you obtain independent advice before you act on the content. Harbourside Double Bay is located only four kilometres from the CBD. Check Out This Investment Opportunity in Sydney’s Second City! The highest average taxable income was found in Sydney’s Double Bay (or ‘Double Pay’, as it is sometimes referred to) in postcode 2028, which recorded a whopping number of $242,428 in average annual income. Sydney Northern Beaches (includes Manly, Pittwater, Warringah): $46,977, 10. Receive news and updates direct to your inbox. Rose Bay is very close to the harbour and the CBD. 'It's got less diversity in employment than say certain areas of Sydney,' Ms Ell said. Picture: realestate.com.au, Kirribilli is the fastest-selling suburb on the North Shore, Here's how you can save over $60,000 in rent a year. Sydney’s most-expensive neighbourhoods range in price from $3.8m – $6.5 million, CoreLogic data for the 12 months up to April 30, 2018 shows. Sydney north (includes Ryde, Pennant Hills, Epping and Hunters Hill): $42,322, 15. Sydney’s Double Bay in postcode 2028 took the the crown for the richest suburb with an average taxable income of $242,428 in the 2017-2018 financial year. Picture: realestate.com.au. 'Wages in the mining industry are on average higher than other industries.'. The suburb has long been home to Australia's most notable billionaires. Melbourne inner (includes council areas of Brunswick-Coburg, Darebin, Essendon, Melbourne City, Port Phillip and Yarra): $42,859, 14. Picture: realestate.com.au. The area, which is home to mining billionaires Gina Rinehart and Andrew Forrest, beat Sydney's eastern suburbs, which had median wage of $49,633. © Oz Home News 2020. Picture: realestate.com.au. And properties with ocean views in this area consistently rank among Sydney’s most expensive. Ms Ell expected Melbourne's position to improve as Reserve Bank of Australia interest rate cuts stimulated more construction work. Rose Bay is very close to the harbour and the CBD. Opt Out of personalisation. Perth inner (includes Cottesloe, Claremont and the city): $53,570, 5. While Australia's biggest city is home to the most expensive real estate and more millionaires, less congested cities had the highest incomes.

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