Location: a word so important it’s often said thrice. The adage: “buy the worst house on the best street” has never been more true, as buyers scramble to nab a bargain in sought-after areas. Luckily, realestate.com.au has done the hard yards and compiled a list of the most sought-after streets in Australia – so all you have to do is come up with a healthy deposit.
Of course, New South Wales’ most lusted-after street belongs to Sydney. Cross Street boasts period mansions with perfectly manicured gardens and is situated right in the middle of Mosman. This harbour-side suburb is home to 19th-century buildings, beautiful waterfront restaurants and the picturesque Balmoral Beach. The median price for a house in Cross Street is $3.75 million so it may be a little out of reach for most – but it’s fun to daydream.
Perth’s Claremont Crescent has excellent amenities and an unbeatable location. With good schools, great public transport and an even better shopping centre, buyers are getting the whole package in this premium street. How much do you need to fork out for both style and convenience? About $1.57 million.
Unsurprisingly, South Australia’s most in-demand street is just a short drive to Adelaide’s CBD. Gordon Street’s appeal is not flashy mansions or ocean views, but its family-friendly vibe. For just $605,000, you too can enjoy its quiet and safe streets.
Queensland’s most sought-after street, Dauphin Terrace, is located a mere 2km from Brisbane’s CBD. From sprawling Queensland-style homes to affordable apartments to 11 million dollar mansions – Dauphin Terrace has something for everyone. With a median price of $970,000 – houses in this beautiful street are a bargain considering the short distance to the CBD.
The majority of the most sought-after streets in Australia can be found in Victoria. Although prices in Victoria’s capital have skyrocketed, they still don’t even come close to Sydney – meaning a house in Melbourne isn’t completely out of reach.
The leafy bayside suburb of Elsternwick is where you’ll find Regent St – Victoria’s most in-demand street. You can thank (or blame – depending on who you look at it) the TV show The Block for raising the street’s profile and the median house price to $1.82 million.
Embassies to your left and diplomats to your right – nabbing a home in Canberra’s Hunter St will gain you some VINs (very important neighbours). Not to be outshone by the surrounding embassies, houses on Hunter Street are grand and sprawling. Situated in the leafy suburb of Yulumba, this prestigious street has a median house price of $1.41 million.
Hobart’s charm and affordability have resulted in a rapid rise in real estate prices over the last few years. Although Hobart no longer holds the title of Australia’s most affordable city, it’s still considerably cheaper than Melbourne or Sydney. If you’re wanting to pick a property in Hobart’s most sought-after location, look no further than Faraday St. Its idyllic period houses and central location has driven the median house price to $700,000.
Darwin’s Fannie Bay offers a beach lifestyle with the convenience of great cafes and shops. This is where you’ll find the Northern Territory’s most in-demand street – Macartney St. The other contenders for NT’s real estate hotspot are found closer to Charles Sturt University – but Fannie Bay’s idyllic and convenient lifestyle has awarded it the top spot. For $974,000 you too can own a slice of top-end paradise.
Words by Nell Matzen.