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An apartment of 2.2 million! View the most expensive city in Australia

Source: xkb.com.au
[Economic News]     31 Dec 2019
In the most expensive part of Sydney's apartment district, a regular apartment costs enough to buy two regular detached homes elsewhere. (Daily Mail Picture) How expensive are the most expensive urban areas in Australia? An average flat costs $2.2 million, more than twice the median price of a separate home in Sydney! This is Sydney's Point Piper, where the wealthy former prime minister, Malcolm T...
An apartment of 2.2 million! View the most expensive city in Australia

In the most expensive part of Sydney`s apartment district, a regular apartment costs enough to buy two regular detached homes elsewhere. (Photo by the Daily Mail)


How expensive is Australia`s most expensive city? An average flat costs $2.2 million, more than twice the median price of a separate home in Sydney! This is Sydney`s Point Piper, where the wealthy former prime minister, Malcolm Turnbull, lives. And all 10 of the most expensive apartments in Australia are in Sydney.

Darling Point, near Cape Pippen, is the most expensive city for all-Australian detached houses, with a median price of A $6.51 million in 2019. In the 10 most expensive districts of the All-Australian detached house, the remaining nine are in Sydney, with the exception of Melbourne`s Toorak.

The figures come from CoreLogic, the most expensive city for all-Australian apartments, with the median apartment price at $A2.201 million in Cap Pippen in 2019, the Daily Mail reported. At the current median price of A $956,249 in Sydney, that`s enough to buy two separate homes elsewhere or four new Porsche 911 Carrera 4 sports cars.

The second most expensive apartment is Millers Point, which looks at the Sydney Harbor Bridge, with a median price of$1932,000;The third is Darling Point, $1858,000. The fourth is the Milsons Point, 1.748 million, to the north of the seaport bridge.

Cabarita,14km west of Sydney`s CBD, is fifth with A $1.499 million and The Rocks is sixth with A $1.498 million.

Cremorne Point, near Mosman on Sydney`s lower north shore, is ranked 7th with a median apartment price of A $1.456 million.

Among the top 10 are Seaforth, who has a median apartment price of A $1.42 million, Kirribilli, who has $1.385 million, and Manly, who has $1.335 million.

An apartment of 2.2 million! View the most expensive city in Australia

Darling Point is the most expensive city in Australia. (Photo by the Daily Mail)


In the ten most expensive cities in Australia, Melbourne Tulak is the only remaining non-Sydney city, ranking fourth at A $4.694 million.

Six of the 10 districts are located in Sydney`s east. In addition to the aforementioned Cape Darling, they are Mount Bellevue Hill (A $5.468 million), A $4.909 million for Volus 3, A $4.184 million for Rose Bay, A $6 Double Bay (A $4.134 million) and A $2.653 million for Dover Heights in 10.

The remaining three districts are on Sydney`s lower north shore. Cape Cremon is 7th at $3.987 million, Mossman 8th at $3.895 million and Woolwich 9th at $3.871 million.

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