Australia's cheapest and most expensive streets

At the pinnacle of Australia’s most expensive streets sits Wolseley Road in Point Piper, which has not only maintained but strengthened its position as Australia's most expensive street with a median house price of $45 million – a remarkable 36 per cent increase from $33 million in the previous year. It stands in stark contrast to its nearest competitor, Wentworth Road in Vaucluse, which commands a median price of $23.8 million, less than half of Wolseley Road’s value. Meanwhile, Ginahgulla Street, Bellevue Hill rounds out the top three with a median price of $22.15 million.

What is perhaps most striking about Australia's most expensive streets is its geographic concentration. Nine of the top ten are located in Sydney, with eight of these in the city’s prestigious Eastern Suburbs. The only exceptions are St Georges Road in Melbourne's Toorak and Coolawin Road in Sydney’s Northbridge.

There is a reason Sydney continues to be so popular as well. Eight of Sydney's top ten streets lie within a twenty-minute walk of the coastline, suggesting that proximity to water remains a crucial determinant of property values at the highest end of the market. Even the exceptions to this pattern reinforce the importance of proximity to nature: St Georges Road in Toorak sits right alongside Melbourne's Yarra River, while Lang Road can easily consider Sydney's Centennial Park to be its backyard.

The magnitude of the difference between the top three most expensive streets between major cities is striking: Sydney’s most expensive streets are almost six times more expensive than the leading streets in Brisbane, Perth, and Canberra.

The geographic distribution of premium streets follows distinct patterns within each city as well. If Sydney’s most expensive streets are concentrated in the eastern suburbs, Melbourne’s is largely concentrated around Toorak, an affluent inner suburb known for its leafy streets and proximity to the city’s business districts. Brisbane stands out for its more dispersed luxury market, with premium streets spread across Teneriffe, Hawthorne, and Bulimba. Perth's luxury real estate concentrates in the Mosman Park-Peppermint Grove area, with Jutland Parade in Dalkeith commanding $6.35 million. Canberra's premium market gravitates toward South Canberra, particularly in Red Hill and Deakin, where the National Circuit reaches $4.43 million.

The remaining capital cities operate at notably lower price points. Adelaide's luxury market splits between Walkerville and Burnside, with Church Terrace topping at $3.42 million. Hobart's Sandy Bay area, particularly Red Chapel Avenue at $2 million, represents Tasmania's premium market. Darwin's highest-valued streets, led by East Point in Fannie Bay at $1.81 million, illustrate the significant value gap between northern Australia and its southern counterparts.

While Sydney dominates the upper end with nine of Australia's 10 most expensive streets, Darwin presents a mirror image, hosting all ten of the country’s cheapest streets

The market floor is established in the suburb of Southport, where the bottom three streets cluster remarkably close in value: Ringwood Street ($100,000), Austin Street ($103,000), and Kersley Street ($106,000). The concentration of cheap streets continues through Darwin's outer regions, with five streets located in Zuccoli, one more in Southport, and one in Bellamack.

This geographic pattern appears to be the inverse of what drives premium property values in Australia's most expensive locations. While Sydney's premium streets achieve their status through proximity to both natural attractions and urban amenities, Darwin's most affordable streets reflect their distance from economic centers. The properties' location in Darwin—Australia's smallest capital city—combined with their peripheral positioning in the city's outskirts, creates conditions for markedly lower valuations.

The contrast between cities reaches its apex in the comparison of market ranges. Sydney emerges as the most polarized market, spanning an extraordinary range from Glenworth Valley at $280,000 to Wolseley Road's $45 million. Conversely, Canberra appears to be the most concentrated with its least expensive street, Pejar Terrace in Taylor, commanding $480,000. This distinctive pattern seems to be influenced strongly by land size with Greater Sydney encompassing a land size of 12,369 square kilometres, the largest of all major cities. In comparison, besides serving as Australia’s political center, Canberra has the smallest land size of all major cities with only 814 square kilometres.

The remaining capital cities present interesting variations in their market floors. Perth establishes the second-lowest entry point with streets ranging from $265,000 to $280,000, while Adelaide, Brisbane, Hobart, and Melbourne cluster together with their least expensive streets falling between $300,000 and $450,000.