05.31.2016 Suburb Spotlight

Spotlight on Point Piper: The east’s most prestigious enclave

Spotlight on Point Piper: The east’s most prestigious enclave

Home to some of Australia’s most impressive trophy homes, Point Piper is easily the most expensive suburb in the country with a median house price of $15 million. 1

With just 250 houses and 720 apartments, Point Piper is a highly exclusive address with a number of famous residents including Prime Minister Malcolm Turnbull; Aussie Home Loans founder John Symond; and Westfield’s Frank Lowy.

Its location enables spectacular uninterrupted harbour views encompassing the iconic Opera House and Harbour Bridge, with many homes also enjoying exclusive beach access.

Unsurprisingly, homes are tightly held and just a handful hit the market each year. Many also sell off-market.

Penthouses are also known to sell for more than $10m. In March 2016, a penthouse in the landmark Kilmory Estate was sold to China’s music star, Tian Zhen for $11.65m.

Renting in Point Piper costs $700 to $1,500 per week for a two bedroom apartment, depending on views and amenity. Houses on Wolseley Road rent for $10,000 or more per week.

Weekly Market Insight
Receive Ben Collier’s Weekly Market Insight directly to your inbox.
Sign Up
  • Enter your details to receive the report
  • Enter your details to receive the report
  • Enter your details to receive the report
  • This field is for validation purposes and should be left unchanged.

1 RP Data

Five most expensive streets by median value (houses):

  • Wolseley Crescent $10,028,107
  • Wentworth Place $9,138,776
  • St Mervyns Avenue $8,985,041
  • Wyuna Road $8,736,031
  • Wingadal Place $8,221,924

Five most expensive streets by median value (apartments):

  • Buckhurst Avenue $7,656,848
  • Wentworth Street $3,344,761
  • Wentworth Place $3,097,275
  • St Mervyns Avenue $2,867,469
  • Wunulla Road $2,321,275

Source: Residex