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Top 10 Richest Suburbs in Australia


We have complied a list of the top 10 richest suburbs in Australia by family income.

1.   Mosman, NSW 2088

Mosman is an affluent suburb on Sydney’s harbour just 8km north east from the CBD. It is home to some great bistros, boutique shops, beautiful bays and beaches. Sample the finest heritage Sydney has to offer in Mosman.

Detached houses make up 35.4%, semi-detached 12.1% and apartments 51.7%.

Quick Facts:
  • Total of 7,525 families
  • 1,179 families earn more than $312,000 per year
  • Median age is 42
  • Median Property Price is $3,850,000
  • Median Rent is $1,500 per week

See Mosman's family income chart

Sydney Harbour, New South Waless Sydney Harbour, New South Wales (Credit: Dan Freeman)
Denby Street Beach, Melbourne, Victoria Denby Street Beach, Melbourne, Victoria (Credit: Josh Withers)

2.   Brighton, VIC 3186

Situated on the coast just 11km south of Melbourne is the suburb of Brighton. This suburb is classed as one of the most affluent areas of Melbourne. A tourist spot is the brightly coloured bathing huts on Dendy Street beach.

Detached houses make up 57.5%, semi-detached 22.4% and apartments just 19.1%.

Quick Facts:
  • Total of 6,175 families
  • 768 families earn more than $312,000 per year
  • Median age is 45
  • Median Property Price is $2,516,500
  • Median Rent is $985 per week

See Brighton's family income chart

 

3.   Kew, VIC 3101

Kew is located 5km east of Melbourne’s CBD with easy access via the tram. Kew is home to some beautiful Victorian homes, leafy streets and good private school options. Shopping and restaurants are located at Kew junction.

Detached houses make up 51.3%, semi-detached 24.9% and apartments just 23.2%.

Quick Facts:
  • Total of 6,129 families
  • 610 families earn more than $312,000 per year
  • Median age is 39
  • Median Property Price is $2,000,000
  • Median Rent is $755 per week

See Kew's family income chart

Melbourne, Victoria Melbourne, Victoria (Credit: Shaun Low)
Shopping, Melbourne, Victoria Shopping, Melbourne, Victoria (Credit: Heidi Sandstrom)

4.   Glen Iris, VIC 3146

Located 10km south east of Melbournes CBD, Glen Iris is an attractive hilly suburb. The suburb has great transport link via tram and train. There is something for everyone here from modern apartments to detached period homes.

Detached houses make up 56.6%, semi-detached 19.2% and apartments just 23.8%.

Quick Facts:
  • Total of 6,649 families
  • 584 families earn more than $312,000 per year
  • Median age is 37
  • Median Property Price is $1,875,000
  • Median Rent is $750 per week

See the Glen Iris family income chart

 

5.   Toorak, VIC 3142

Toorak is classed as an upmarket suburb located 5km south east of Melbourne’s CBD. It is home to the wealthy and has one of the highest median property prices in our top 10. Toorak is a prestigious address and many people aspire to living in this location.

Detached houses make up 30.2%, semi-detached 20.1% and apartments just 49.6%.

Quick Facts:
  • Total of 3,326 families
  • 514 families earn more than $312,000 per year
  • Median age is 45
  • Median Property Price is $3,475,000
  • Median Rent is $1,125 per week

See Toorak's family income chart

Southern Cross Train Station, Melbourne, Victoria Southern Cross Train Station, Melbourne, Victoria (Credit: Hangah Liong)
Harbour Bridge, Sydney, New South Wales Harbour Bridge, Sydney, New South Wales (Credit: Holger Link)

6.   Castle Hill, NSW 2154

Castle Hill is a suburb located 30km away from Sydney’s CBD. It has the highest number of families out of our top 10. Castle Hill is a developing suburb with developments such as a new train station for 2019. Property and land are larger in this area compared to our other top suburbs to live and more affordable.

Detached houses make up 74.6%, semi-detached 12.3% and apartments just 12.9%.

Quick Facts:
  • Total of 21,984 families
  • 458 families earn more than $312,000 per year
  • Median age is 37
  • Median Property Price is $1,450,000
  • Median Rent is $650 per week

See Castle Hill's family income chart

 

7.   Hawthorn, VIC 3122

Located 6km east of Melbourne’s CBD is the suburb of Hawthorn. This is a wealthy area as displayed with many grand Victorian houses. Glenferrie Road has all the local amenities that you need such as shopping, restaurants, banks etc. Hawthorn is also home to Scotch College a well-regarded place for boys’ education.

Detached houses make up 23.5%, semi-detached 16.4% and apartments just 59.3%.

Quick Facts:
  • Total of 5,364 families
  • 493 families earn more than $312,000 per year
  • Median age is 32
  • Median Property Price is $2,130,000
  • Median Rent is $713 per week

See Hawthorn's family income chart

Melbourne, Victoria Melbourne, Victoria (Credit: Weyne Yew)
Sydney, New South Wales Sydney, New South Wales (Credit: John Withers)

8.   Paddington, NSW 2021

Located 3km from Sydney’s CBD. Paddington is a trendy and lively suburb. It’s known for its Victorian terrace houses, art galleries, shopping, bistros and hip bars. Paddington has excellent transport links being so close to the city and in easy access of great beaches. If you want a happening place this is the place to be!

Detached houses make up 2.8%, semi-detached 63.7% and apartments just 31.9%.

Quick Facts:
  • Total of 2,946 families
  • 489 families earn more than $312,000 per year
  • Median age is 36
  • Median Property Price is $2,330,000
  • Median Rent is $1,150 per week

See Paddington's family income chart

 

9.   Camberwell, VIC 3124

Camberwell is an affluent area of Melbourne 10km east of the CBD. This tree lined suburb is home to many professional families and is known to be a quiet suburb and a sought-after area of Melbourne. Camberwell has everything you need on your door step such as great schools, restaurants and parks. Average property prices are expensive however rent is affordable.

Detached houses make up 61.9%, semi-detached 21.8% and apartments just 15.6%.

Quick Facts:
  • Total of 5,524 families
  • 484 families earn more than $312,000 per year
  • Median age is 41
  • Median Property Price is $2,080,000
  • Median Rent is $780 per week

See Camberwell's family income chart

Melbourne, Victoria Melbourne, Victoria (Credit: Weyne Yew)
Sydney, New South Wales Sydney, New South Wales (Credit: Alex King)

10.   Randwick, NSW 2031

Randwick is 6km south east of Sydney’s CBD and close to beaches such as Bondi and Coogee. The area has a large shopping centre, restaurants and a cinema complex. Randwick has many different types of property to suit most budgets and is also close to Sydney’s major airport.

Detached houses make up 14%, semi-detached 16.5% and apartments just 67.5%.

Quick Facts:
  • Total of 7,085 families
  • 469 families earn more than $312,000 per year
  • Median age is 34
  • Median Property Price is $2,480,000
  • Median Rent is $560 per week

See Rankwick's family income chart

References: Census Data 2016 & RP Data