Mosman home to number one million-dollar street
Mosman home to number one million-dollar street
Posted on Monday, August 25 2014 at 1:44 PM
It’s no surprise Sydney is home to an increasing number of million dollar streets. And the blue-chip and highly sought after suburb of Mosman, on the Lower North Shore, has been revealed as one of the best destinations for million dollar houses.
Raglan Street, which runs off the shopping precinct on
Military Road and all the way down to the ferry terminal, is hot property and
the number one street in all of Sydney and Australia, according to
Onthehouse.com.au.
Consulting analyst John Edwards says while Raglan Street is
ranked the top street, the suburb of Mosman itself came in as the state’s 11th
wealthiest for percentage of million-dollar homes (with 99.87 per cent of
houses in the millionaire’s club).
Balgowlah Heights, Clontarf, Cremorne Point, Duffys Forest,
Henley, Huntleys Point and Huntleys Cove all ranked joint first on the scale,
with a hit rate of 99.99 per cent.
“It’s no surprise to see so many of New South Wales’ suburbs
housing some of Australia’s most expensive properties,” he says.
“Within the top 10, no suburb drops below 99 per cent, and
while Mosman didn’t make the top 10, the fact it hosts Australia’s number one
street cements its position as one of Australia’s most prosperous localities.”
He adds you don’t necessarily have to live in Mosman or
Vaucluse to boast a million dollar home anymore either.
“Many more properties are breaking through the million
dollar value. The fact is, many of our property millionaires may not even know
the value of their property. Based on our findings, we expect to see more
suburbs emerge as millionaire property hotspots over the coming year.
“It was interesting to note that Castle Hill topped the
chart as the suburb with the largest increase in million dollar properties over
the last 12 months, closely followed by Ryde, Epping, Cherrybrook and
Carlingford.”
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