• Australia's 25 most expensive suburbs - and their houses

Australia's 25 most expensive suburbs - and their houses

RP Data has revealed the richest suburbs in the country for owning a home. So where can you live for a mere $7 million? And what does that look like?

Using median values analysis for houses, Senior RP Data Analyst Tim Lawless has identified the most expensive locations in Australia for home ownership.

Unsurprisingly, Sydney waterside suburbs dominate the upper crust.

Point Piper takes the national crown, with a median value of a cool $7.3 million. The suburb also has a very high rate of home ownership; of 148 detached houses, 57 percent are owned outright.

Peppermint Grove is the richest WA suburb, and fifth overall. The median house value there is $4,284,941 million.

Here's the top 25 richest suburbs and their median house value. Follow the link to see current homes listed in those areas. Click ahead to check out the homes on offer.

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Oct 18, 2012

Australia's 25 most expensive suburbs - and their houses

What does a $7 million Aussie home look like and where is it?

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