Image: A home on Church Terrace, Walkerville
South Australia sits in a fascinating position within the national property landscape, with this year’s ranking of Australia’s most expensive streets by Ray White revealing just how dramatically luxury markets differ between capital cities. At the top end of the market, Sydney continues to eclipse the rest of the country, with Kambala Road in Bellevue Hill taking the crown in 2025 with a staggering median house price of $39.35 million. While last year’s leader Wolseley Road recorded too few sales to qualify for the list, its $51.5 million median shows the scale of Sydney’s prestige property environment compared with the rest of Australia.
What’s particularly striking is the concentration of wealth in just a handful of Sydney postcodes. Bellevue Hill alone secures six of the nation’s 10 most expensive streets, with Victoria Road at $22.75 million and Ginahgulla Road at $19.8 million reflecting the suburb’s enviable blend of harbourside views, large estates, and proximity to both the CBD and coastline. Vaucluse maintains its place among the country’s elite with streets such as Vaucluse Road ($20.6 million) and Wentworth Road ($19.7 million), reinforcing a well-established pattern: Australia’s most exclusive real estate is still overwhelmingly found where land is scarce, the harbour is close, and demand is global.
Outside Sydney, Melbourne’s highest-value addresses continue to centre around Toorak, led by Clendon Road at $17.75 million. Brisbane, meanwhile, shows far greater geographical diversity, with its top streets spread across East Brisbane, Norman Park, and Teneriffe—each commanding around $6 million. Perth’s premium corridor between Peppermint Grove and Dalkeith remains the jewel of Western Australia’s prestige market, with Forrest Street topping the charts at $7.5 million.
Against this backdrop, South Australia’s luxury market sits at a more accessible level, yet still reflects a clear local hierarchy. Walkerville, long regarded as Adelaide’s premier residential enclave, leads with Church Terrace at a median of $4.177 million. Unley Park holds its ground with Whistler Avenue at $3.5 million, and the coastal suburb of Tennyson maintains strong demand, with Seaview Road reaching $3.35 million thanks to uninterrupted beachfront access and limited supply. While these prices are modest compared to Sydney’s soaring averages, they demonstrate Adelaide’s steady upward shift in desirability, lifestyle appeal, and premium buyer confidence.
Church Terrace, Walkerville
The national comparison also highlights how affordability varies widely at the lower end of the market. Darwin occupies the opposite end of the spectrum from Sydney, hosting all 10 of the country’s cheapest streets. Austin Street in Southport leads with a median of just $117,500, while a cluster of Zuccoli streets sits below $220,000. These values reflect more remote positioning, larger land availability, and comparatively subdued market pressures.
For South Australia, the entry-level benchmark sits at $245,000 in Angle Vale’s Hillsview Boulevard, followed by Wyong Crescent in Andrews Farm ($330,000) and Gayland Road in Elizabeth Downs ($342,500). These suburbs typically appeal to first-home buyers and young families seeking value while remaining within commuting distance of Adelaide’s employment hubs.
Perhaps the most revealing comparison is the way each city’s price range reflects its geography. Sydney’s market spans from $385,000 in Katoomba to nearly $40 million at the very top—a gap of more than 100 times. Canberra sits at the other end of the scale with the narrowest range nationally, shaped by its smaller footprint and more uniform land distribution. Adelaide’s positioning toward the affordable end of the national scale reinforces the city’s reputation for offering strong lifestyle value without the volatility experienced in larger capitals.
Together, the data paints a clear picture: while Australia’s prestige market continues to be defined by Sydney’s extraordinary concentration of wealth, South Australia’s premium streets are increasingly drawing attention for offering space, stability, and lifestyle without the blowout price tag—making suburbs such as Walkerville, Unley Park, and Tennyson stand out as long-term performers in a changing national market.
Australia’s most expensive streets
Median house value and count of sales per street between Nov 2022-2025
RankMajor CitySuburbStreetStreet Value1SYDNEYBellevue HillKambala Rd$39,350,0002SYDNEYBellevue HillVictoria Rd$22,750,0003SYDNEYVaucluseVaucluse Rd$20,600,0004SYDNEYBellevue HillGinahgulla Rd$19,800,0005SYDNEYVaucluseWentworth Rd$19,700,0006SYDNEYCentennial ParkLang Rd$18,000,0007MELBOURNEToorakClendon Rd$17,750,5008SYDNEYBellevue HillBulkara Rd$17,500,0009SYDNEYBellevue HillCranbrook Rd$16,600,00010SYDNEYBellevue HillMarch St$16,000,000
