Ten most expensive suburbs in Australia

Here are a couple of suburbs you probably won't be using your first homebuyer's grant to get into (and if you are, shame on you). It looks like Perth and Sydney make up the top ten most expensive suburbs in the country. 

The top 10 Most Expensive (median house price)

Cottesloe WA Perth               $2,000,000
Mosman NSW Sydney          $1,922,500
Nedlands WA Perth               $1,775,000
Woollahra NSW Sydney        $1,650,000
Mosman Park WA Perth        $1,520,000
Hunters Hill NSW Sydney     $1,450,000
Claremont WA Perth              $1,350,000
Waverley NSW Sydney           $1,275,000
Willoughby NSW Sydney       $1,150,000
Manly NSW Sydney                 $1,150,000

So how much for a Perth house now?

According to the Australian Property Monitors, the new median house price for Perth houses is $512,178 which is an increase of 3% in the past three months. Prices for units are now on average $385,001 which is quite telling of the strong property market especially on the lower end of the market. There is clearly a worsening shortage of houses and units in Perth leading to predictions for the rent to be up to $400/week in 2010. 


If you talk to your friends and relatives, it seems to be a common trend that people are upgrading their houses or investing in new property as the first home buyers go quiet. In a year that was clouded by the Global Financial Crisis, Churchlands recorded a 44% increase in median house prices going up from $360,000 to $525,000. For units, East Fremantle was the place to be. Units there increased by 37% to an average of $470,000. 


WAToday provided the following list of best performing house and unit markets by suburb. 

Houses

Churchlands, up 43.8 per cent

Guildford, 30.6 per cent

Attadale, 25.4 per cent

Nedlands, 25 per cent

Darlington, 23.5 per cent

Units

East Fremantle, up 37.2 per cent

Shoalwater, 13.3 per cent

Bayswater, 12.6 per cent

Como, 12.5 per cent

Mosman Park, 10.8 per cent

2009 Best Perth Suburbs revealed

Landgate has revealed the top and worst performing suburbs in Perth for 2009 based on the change in median house prices and number of houses sold. The list is found below.


BEST PERFORMING SUBURBS
Suburb Median Sale Price
2008 -> 2009

1 GUILDFORD $565,000 -> $662,500
2 MOUNT RICHON $422,500 -> $493,750
3 VICTORIA PARK $575,000 -> $665,000
4 DARLINGTON $515,000 -> $590,000
5 ORELIA $297,500 -> $339,000
6 MAYLANDS $670,000 -> $754,000
7 SOUTH FREMANTLE $825,000 -> $925,000
8 STONEVILLE $457,500 -> $511,250
9 FREMANTLE $795,000 -> $880,000
10 JOONDANNA $633,000 -> $697,500

WORST PERFORMING SUBURBS
Suburb Median Sale Price
2008 2009

1 NORTH BEACH $1,222,500 -> $790,000
2 ASCOT $766,250 -> $520,000
3 MOUNT LAWLEY $1,220,000 -> $875,000
4 MOSMAN PARK $1,522,500 -> $1,150,000
5 FORRESTDALE $520,000 -> $395,000
6 APPLECROSS $2,075,000 -> $1,602,500
7 PERTH $875,000 -> $690,000
8 MARMION $885,000 -> $698,750
9 KALLAROO $660,000 -> $545,000
10 SWANBOURNE $1,600,000 -> $1,322,500

SUBURBS BY VOLUME SOLD
Suburb 2009
Sales

1 CANNING VALE 506
2 THORNLIE 340
3 ELLENBROOK 330
4 CLARKSON 277
5 GOSNELLS 275
6 BALLAJURA 256
7 BALDIVIS 238
8 PORT KENNEDY 235
9 BUTLER 224
10 TAPPING 218