Nine most expensive Aussie suburbs in 2015

The booming property market in 2015 helped push up prices across the country, particularly in NSW which is home to eight of the top nine most expensive suburbs in Australia in 2015.

Unsurprisingly, Sydney’s eastern suburbs with harbor views and water frontage dominate the list, put together by realestate.com.au.

Also read: 126 Aussie suburbs join the property millionaire club

But there is one surprising little-known suburb on the rural fringes of the city which managed to take second place – even ahead of the famously exclusive Vaucluse and Bellevue Hill.

Government rezoning in Box Hill is expected to be the main driver behind the sky-high prices.

In the last few of years, most of the land has been changed from a rural zoning to a residential and high density zoning to accommodate urban development, which will bring an estimated 9,600 new homes and around 30,000 new residents to the area.

Melbourne’s Toorak suburb was the only ex-NSW location to make the list in 2015.

Also read: What are Australia’s 10 richest postcodes?

Australia’s nine priciest suburbs

1.

Darling Point, NSW

Median house price: $4,651,000

2.

Box Hill, NSW

Median house price: $3,953,500

3.

Bellevue Hill, NSW

Median house price: $3,950,000

4.

Vaucluse, NSW

Median house price: $3,675,000

5.

Toorak, VIC

Median house price: $3,400,000

6.

Tamarama, NSW

Median house price: $3,250,000

7.

Double Bay, NSW

Median house price: $3,175,000

8.

Dover Heights, NSW

Median house price: $3,100,100

9.

McMahons Point, NSW

Median house price: $3,051,000