23.4% of Sydney metro properties over $1 million: Here’s the richest street

Onthehouse.com.au has looked into where Australia’s $1 million plus property offerings are, even narrowing down to the street level.

Across the country, New South Wales was found to be the wealthiest state, when considering residential property. Of the metro suburbs, 23.4% of dwellings were valued at over $1 million in 2014.

Here are the 10 suburbs that Onthehouse found have the most $1 million properties by percentage of dwellings – with most of them in the 99.99% mark and making joint first.

When looking at streets, however, it was a Mosman road that came in on top.

See over page for the top 10 streets and the five up and comers to watch

Mosman came in as the eleventh wealthiest suburb when considering it by number of dwellings, however managed to take out top spot on the overall list.

The high number of New South Wales suburbs housing million dollar properties came as no surprise to Onthehouse.com.au consulting analyst John Edwards.

“Within the Top 10 alone, no suburb drops below 99%, and while Mosman didn’t make the Top 10, the fact it hosts Australia’s number one street still cements its position as one of Australia’s most prosperous localities.”

He noted that with Australian house prices at a high, they are increasingly breaking the million dollar mark.

“The fact is, many of our property millionaires may not even know the value of their property. While this latest data has revealed our nation’s most exclusive ‘millionaire rows’ – you don’t necessarily have to live in Mosman or Vaucluse to boast a million dollar home,” he said.

Over the coming year he expects the numbers in the million dollar spots to increase, and he noted that it was particularly interesting to see the areas that had topped the chart as the areas with the biggest increase in number of million dollar properties over the past 12 months.

These included:

1. Castle Hill
2. Ryde
3. Epping
4. Cherrybrook
5. Carlingford