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Highest Home Value in Australia

Top 100 cities ranked by highest home value

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Highest Home Value — Australia

1 Belrose 02 $501,400
2 Seaforth 02 $493,000
3 Frenchs Forest 02 $450,600
4 West Pymble 02 $450,600
5 City Beach 08 $422,400
6 Warriewood 02 $422,400
7 Bella Vista 02 $416,800
8 Northbridge 02 $416,800
9 Kosciuszko National Park 02 $415,800
10 Caringbah South 02 $411,200
11 Beacon Hill 02 $411,200
12 Manly 02 $408,400
13 Fairlight 02 $405,600
14 Vaucluse 02 $394,400
15 North Bondi 02 $394,400
16 Cherrybrook 02 $391,600
17 Saint Ives 02 $387,600
18 Gymea Bay 02 $383,000
19 Bondi Beach 02 $380,200
20 Bronte 02 $380,200
21 Woollahra 02 $377,400
22 North Narrabeen 02 $374,600
23 Bondi Junction 02 $371,800
24 Bondi 02 $369,600
25 Haymarket 02 $366,200
26 Mona Vale 02 $366,200
27 Illawong 02 $366,200
28 Cromer 02 $366,200
29 Coogee 02 $366,200
30 Rozelle 02 $366,200
31 Forestville 02 $366,200
32 Paddington 02 $366,200
33 Beaumont Hills 02 $366,200
34 Glenhaven 02 $366,200
35 Bangor 02 $366,200
36 Bellevue Hill 02 $366,200
37 The Ponds 02 $362,200
38 West Pennant Hills 02 $361,000
39 Balgowlah 02 $360,600
40 Iluka 08 $357,800
41 Rose Bay 02 $354,800
42 Pymble 02 $354,800
43 Kellyville 02 $354,800
44 Balmain 02 $352,000
45 Killara 02 $349,200
46 Erskineville 02 $349,200
47 Hornsby Heights 02 $349,200
48 Oyster Bay 02 $349,200
49 Beaumaris 07 $344,800
50 Naremburn 02 $339,200
51 Broadbeach Waters 04 $338,000
52 St Leonards 02 $338,000
53 Sydney 02 $338,000
54 Mascot 02 $338,000
55 Brighton East 07 $338,000
56 Dural 02 $338,000
57 Cremorne 02 $338,000
58 Lindfield 02 $338,000
59 Drummoyne 02 $338,000
60 Zetland 02 $338,000
61 Sydney Central Business District 02 $338,000
62 Floreat 08 $338,000
63 Shell Cove 02 $338,000
64 Wahroonga 02 $338,000
65 Roseville 02 $338,000
66 Collaroy 02 $338,000
67 Blakehurst 02 $338,000
68 Freshwater 02 $338,000
69 Byron Bay 02 $338,000
70 Allambie Heights 02 $338,000
71 Leichhardt 02 $338,000
72 Brighton 07 $338,000
73 Newport 02 $338,000
74 Turramurra 02 $332,400
75 Glenwood 02 $332,400
76 Albert Park 07 $332,400
77 Beecroft 02 $332,400
78 Mosman 02 $332,400
79 Willoughby 02 $328,400
80 Benowa 04 $326,800
81 Stanhope Gardens 02 $326,800
82 Berowra Heights 02 $326,800
83 Kellyville Ridge 02 $326,800
84 Lennox Head 02 $326,800
85 Picnic Point 02 $326,800
86 Cammeray 02 $326,800
87 Pyrmont 02 $326,800
88 Gordon 02 $325,000
89 Chatswood 02 $325,000
90 Wollstonecraft 02 $324,400
91 North Sydney 02 $324,000
92 Randwick 02 $322,200
93 Five Dock 02 $321,200
94 Concord 02 $321,200
95 Camperdown 02 $321,200
96 Earlwood 02 $321,200
97 Townsville 04 $321,200
98 Annandale 02 $321,200
99 Narrabeen 02 $318,200
100 Newington 02 $315,400

The most expensive housing markets in Australia reflect areas of high demand, limited supply, and strong local economies. Belrose leads with a median home value of $501,400. These cities are often located in major metro areas or regions with significant economic activity.

High home values are driven by factors including strong job markets, desirable locations, good school districts, and limited buildable land. For homeowners, high values represent significant wealth accumulation, but for prospective buyers, they create substantial barriers to entry.

Many of the most expensive markets have seen rapid appreciation over the past decade, outpacing income growth and raising affordability concerns. This has led to increased interest in remote work opportunities that allow residents to earn high salaries while living in more affordable areas.

Did You Know?

  • 1. A typical home in Belrose costs $501,400 — 1.4x the national median of $350,000.
  • 2. Home values in the top 10 most expensive cities have increased by an average of 40-60% over the past decade.
  • 3. In the most expensive markets, a 20% down payment alone exceeds the median home price in most U.S. cities.

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