Australia's most expensive suburb is not in Sydney or Melbourne
Well that's a surprise.
- by
Better Homes and Gardens
A small easy, breezy town on the east coast has become Australia's most expensive place to buy a home.
New research by Propertyology has identified the top 40 most expensive cities by median house price and Byron Bay has come out on top.
With a population of just 34,500 people and a median house price of $987,500, the coastal town has surpassed Sydney and Melbourne.
Most expensive places to buy a home (median house price)
- Byron Bay - $987,500
- Sydney - $950,000
- Kiama, NSW - $910, 000
- Surf Coast, VIC - $835,000
- Wingecarribee, NSW - $814, 500
- Melbourne - $772,500
Watch the full story and analysis in the clip above.
This article first appeared on 7news
You might also like:
Top 10 tips to prepare your property for sale
