You know you’re going through an affluent area when you see enormous houses. The most affluent metropolitan regions are often home to vast concentrations of college-educated individuals. Their economy is further supported by a strong labor market and a concentration of businesses that tend to provide higher wages.
Some of the wealthiest suburbs in Australia in no particular order are:
1.) Rosebay 2029
Rose Bay, located between the suburbs of Bellevue Hill and Dover Heights, offers direct water access to Sydney Harbour and is renowned for its affluent lifestyle and architecturally significant buildings. A property will cost you around $4.8 million, which translates into $1,450 per week in rent. Rose Bay condos aren’t any less expensive, with apartments selling for roughly $1.38 million and renting for $650 per month.
2.) Mosman 2088
Mosman is another affluent neighborhood that attracts both young families and senior inhabitants. The area is located in the Northern Beaches region, approximately eight miles from the Sydney central business district. Both new and old residences have harbor views and other advantages of living on the shore. Houses are priced at $4.9 million, while condominiums are priced at roughly $1.2 million.
3.) Dover Heights 2030
Dover Heights is a coastal area near the ocean, the heart of Bondi, and the Dudley Page Reserve, among other attractions. The Eastern Suburbs are approximately nine km from the central business district. A house will cost you $5.85 million, which translates to $2,345 per week in rental income. Apartments at Dover Heights are available for $1.4 million or $600 per month in rent.
4.) Double Bay 2028
It is a harborside neighborhood with sophisticated and upscale residences, and it is located in Sydney, Australia. If you opt to reside in the region, you’ll have access to various boutique shops and attractive cafés just outside your door. According to the Census Bureau, housing costs an average of $5.91 million, with a median weekly rent of $2,050. Apartments are far less expensive, with an average purchase of $1.8 million and rent of $750 per week.
5.) Woolwich 2110
North of the Sydney Harbour Bridge, a tiny peninsula known as Woolwich is located. Most of the population in the region is between the ages of 60 and 69, with most homes consisting of childless couples. House prices in the area are roughly $6.82 million on average, and because of the tiny nature of the community, it isn’t easy to find a home. There is little information available on the median pricing of flats; however, it is predicted that they will rent for roughly $475 per week on average.
6.) Darling Point 2027
The most expensive location to buy a property in Sydney is only four miles distant from the central business district and boasts stunning waterfront views. The typical sale price for a property in Darling Point is an astounding $7.06 million, with the average weekly rent coming in at $2,200 per person. Even units are worth $2.2 million and $850 a week.
7.) Bellevue Hill 2023
Families with substantial financial resources will find Bellevue Hill an excellent choice because it is close to the top private schools, stores, beaches, and the city center. In this region, you’ll discover opulent residences and breathtaking gardens. Rent is $2,150 per week, with a typical property price of $7.28 million and a median rent of $7.28 million. The average price of a unit is roughly $1.4 million, with a weekly rent of $670.
8.) Vaucluse 2030
Vaucluse is renowned for being a prosperous neighborhood with panoramic views of the peninsula and harbor unparalleled anywhere else. In this coastal sanctuary, you’ll find luxurious beaches in every direction. A property in this suburb with a median price of $7.42 million would set you back a whopping $7.42 million. Compared to other costly suburbs, units in this area are cheaper, with units starting at roughly $1.4 million and renting for about $700 per week.
9.) Centennial Park 2021
Centennial Park is located in the southeast of Sydney, barely four kilometers from the city’s central business district. Similar to Longueville, the region is home to many Federation and Victorian-style residences. House prices are hovering at $7.46 million on average, but they are difficult to come by. Units are substantially less expensive, with an average price of $860,000 and a weekly rent of $485.
10.) Tamarama 2026
If you wish to be close to Bondi, Tamarama is a good option. However, there are only a few highly costly properties for sale there. Modern and Art Deco architecture, as well as breathtaking vistas, may be seen here. It would cost you $2,775 a week to rent a median-priced home in this neighborhood with a $9.3 million median home price. Apartments are available for purchase at a median price of $2.4 million.
The poor neighborhoods include:
1.) Fairfield 2165
According to sobering data on unemployment, poor income, and low educational achievement, FAIRFIELD has been designated as Sydney’s most disadvantaged neighborhood. The pavement of Railway Terrace in Cabramatta is home to a drug addict sleeping on the streets. According to the Fairfield City Council, FAIRFIELD is the most deprived region in Sydney’s metropolitan area.
2.) Claymore 2559
The poorest suburbs in the roughest areas have the lowest property values in many cases. These are the areas to avoid if you’re looking to buy property because their resale value isn’t excellent. Claymore is one of the most disadvantaged suburbs in Syndey. It is an area that people do not invest in due to burglary and safety issues that affect its placement in the real estate market.
Claymore was also ranked among the five most disadvantaged suburbs in New South Whales which was conducted and studied independently in 2015. This study factorized education, criminal convictions, and juvenile offenses.
3.) Tregear 2770
Another of the satellite suburbs surrounding Mount Druitt, Tregear, is the unfortunate and enduring posterchild for the relationship between high levels of housing commission and high crime rates. It is also the cheapest place to buy property in Sydney because it is the cheapest place to buy property in Sydney. With the highest crime rates per capita in the country for various violent and hazardous crimes such as arson, attempted murder, breaking violence orders, and various break-in-related offenses, it is a disadvantaged region despite ongoing efforts to integrate private and public housing. It is a rural area with little infrastructure, employment, or hope, despite some beautiful natural areas, such as the impressively spacious and well-equipped Tregear Reserve.
4.) Kingswood 2747
Whenever a brothel can be seen proudly beside your high street’s pharmacists and bakeries, it is clear that you are not in the most affluent part of the world. While it is close to the University of Western Sydney and TAFE will be a blessing in disguise, it is located in Kingswood does little to deflect from the countless acts of crime that take place in plain sight daily. It all starts with the enormous concentration of housing commission buildings in the vicinity of the suburb’s railway station, which results in all of the drama, petty crime, and other social ills that go along with it.
While witnessing fights amongst drug users at the station does not provide a lovely backdrop for the morning commute, this and other pleasant incidents are a regular part of life in the Kingswood neighborhood. Because of increased criminal activity (especially in and around the parks), any prospective treks home are a literal roll of the dice in terms of drama.
As is common in other densely populated areas, there is a high incidence of domestic violence that has been institutionalized, and police conduct many drug raids regularly in this area. With a side of theft from your clothesline, break-ins, and general petty criminality, there’s absolutely no reason to live here – especially considering Penrith’s increasing prominence as a cosmopolitan hub of innovation.
5.) Liverpool 2170
Liverpool is a classic example of a Sydney suburb in which a small number of positive characteristics are overwhelmed by an enormous number of negative traits. That is, having a Westfield retail center and adequate educational institutions and good public transportation does not, despite the attempts of local officials to portray it as such, may counteract the general culture of a suburb is live proof of this.
Its retail malls and shopping centers are a sanctuary for various hangers-on who have a variety of alcohol and drug issues, and harassment of persons who are merely strolling down the street is common. Furthermore, it serves as an epicenter of minor theft and break-ins, and its assaults and homicide rates all rank in New South Wales’ top ten per capita, according to the state’s crime statistics.
Liverpool’s crime can be traced back to foreign communities’ voluntary isolation rather than the pleasant mix of sharing culture and attitudes, as is the case in many other suburbs with high levels of immigration but little integration. A hostile environment quickly develops, turning those considering relocating from another location or even coming for a day to do some shopping into cynics.
6.) Bankstown 2200
The Bankstown district is a genuine all-rounder in the Sydney crime statistics Olympics, scoring high marks in all of the main undesired statistics that you’d want to avoid in a neighborhood where you’d like to live. When measured on a per-capita basis rather than overall, assault, rape, drug crimes, theft, and even murder are all regular entries in Bankstown’s criminal record. It prevents the city’s enormous population from distorting the overall statistics.
Several neighborhoods within the suburb are all quite different. A vast ethnic community offers excellent eating options primarily negated by the typically unclean and unpleasant environment that permeates most of the neighborhood. Bankstown is developing and undergoing continuing development, but it is still a long way from where it needs to be. Although it is a pretty large commuter center, many travelers consciously avoid getting off at the station here.
7.) Shalvey 2770
Massive unemployment rates combined with a shortage of a viable local economy combine to create a recipe for disaster, and that is certainly the case in this case. Regardless of whether this is a result of an institutional failing or not, there is a disproportionately large proportion of, shall we say, “not pleasant” people on campus as a whole.
A regular occurrence is the breaking of cars and people drinking and yelling at passing motorists in the middle of the day in front of their homes. Additionally, merely establishing eye contact with someone might result in an unpleasant encounter. So, when physical street signs encourage people to refrain from committing domestic violence, you get the idea. In addition to serving as the setting for well-known documentaries such as Struggle Street, which brought average Australians into the homes of some of the country’s most impoverished communities, it reminds the rest of us of how fortunate we are to be middle-class simply.
8.) Merrylands 2160
As far as Sydney suburbs go, Merrylands is a bit of a tragic tale, having gone from a fine place to a horrible one when many housing commission units got crammed in the middle of the community. It has only gotten worse since then, with the city setting weapon usage records and earning a reputation for being the top drive-by shooting destination in the country during the last decade.
There’s nothing quite like the soothing sounds of gunshots or police helicopters hovering overhead to help you go off to sleep at the end of the day. Merrylands has also been identified as the starting point for several terrorist plots in Australia by special police teams. It got tied for top place regarding the number of attempted murders committed in the country during the previous calendar year.
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