Perth’s most expensive streets, you’ll be SUPRISED which street is number one

• A tiny 100 metre lane in Cottesloe took the top gong
• Several streets with quarter acres also made the list
• Some streets had tiny 500 square metre homes

The Perth luxury housing market is poised for growth, The Property Tribune reported mid-last year. Australia’s western capital has also more recently caught the eyes of HNW’s and UHNW’s, with Knight Frank’s Prime International Residential Index (PIRI) ranking Perth number one for Australian cities on the index, and 34th overall, in 2021. That was a significant jump, with Perth having been ranked last for Australia and 63rd overall in 2020.

It comes as no surprise that many of Perth’s most expensive streets came from the suburbs of Cottesloe, Peppermint Grove, and Dalkeith, with all three making up the top three most expensive suburbs in Perth.

Perth’s most expensive house in 2021 was located in Peppermint Grove. The property was located on The Esplanade, a street that features in the below list and is ranked in the top 20 most expensive streets in Perth. The street features twice, with another entry in 2013.

The most expensive house in Perth for 2020 was located on Watkins Road in Dalkeith, another street which features on the below list.

These are notable as Sydney’s most expensive houses were nowhere to be seen on Sydney’s most expensive streets list, and similarly, Melbourne’s most expensive homes were not on Melbourne’s most expensive streets list.

Dalkeith’s Jutland Parade also features on both the below list for expensive street in Perth, but also the most expensive house in Perth for 2016 and 2015.

Many of the streets had street median prices well above $4 million dollars, with the suburb median for Cottesloe only three quarters of that at around $2.9 million, according to realestate.com.au and $3.01 million, according to reiwa.com.au; back in 2021 the median was around $2.3 million, making these streets double the price of the 2021 median.

Perth’s most expensive streets

1. Kiln Lane, Cottesloe, 6011
2. Clarendon Street, Cottesloe, 6011
3. Nailsworth Street, Cottesloe, 6011
4. Geraldine Street, Cottesloe, 6011
5. Wattle Avenue, Dalkeith, 6009
6. Ozone Parade, Cottesloe, 6011
7. Stanhope Street, Cottesloe, 6011
8. View Street, Peppermint Grove, 6011
9. Hamersley Street, Cottesloe, 6011
10. Waratah Place, Dalkeith, 6009

Generated by Suburbtrends, founder Kent Lardner said the methodology was not about selecting streets with one or two sales of mansions or streets with very large block sizes.

“We have selected streets with a significant number of houses with the highest overall median prices, rather than selecting a street based on the sale of one mansion. Our methodology has created a very different ‘top streets’ list representing streets with a significant number of high priced properties and surrounded by the highest priced homes in the country” he said.

Weekly asking prices for 6011

Weekly asking prices for 6009

Kiln Lane

The most expensive street in Perth has a median house value of $4,783,500. Land size is fairly small at a median of 500 square metres, with building area median of 363 square metres. The stretch of road is only some 130 metres and only half a kilometre as the crow flies to the beach.

Clarendon Street

Calling for a median price of $4,514,500, the street has a substantially larger median land size of 80 square metres, with building size smaller at 331 square metres; the median number of bedrooms is four.

Nailsworth Street

Median prices for this Cottesloe street is $4,436,500, with land size also fairly small at 574 square metres as the median. Median building size is 330 square metres with homes typically featuring four bedrooms.

Geraldine Street

Also in Cottesloe, houses here only feature a median number of three bedrooms per property, with median land at 707 square metres and building area 315 square metres. Median house values are typically $4,373,000.

Wattle Avenue

In nearby Dalkeith, this street typically features homes with four bedrooms in 292 square metres homes set on 1011 square metre plots. The median house price for Wattle Avenue is $4,087,000.

Ozone Street

Back in Cottesloe, the street has a modest 720 square metre median land size and buildings are quite large at 399 square metres median. The median house value according to suburbtrends is $4,016,000, with houses typically including three bedrooms.

Stanhope Street

Also typically home to three bedrooms and a median of $4,016,000, homes here are set on a median land size of 758 square metres, with buildings 343 square metres.

View Street

Located in the same postcode, but in neighbouring Peppermint Grove, houses along this street are typically home to four bedrooms, a giant 1457 square metre land size, sprawling homes of 414 square metres, and a reasonable $4,011,000 for the offering.

Hamersley Street

Set on a smaller median land size of 626 square metres and a smaller house size of 244 square metres, homes along this street typically sees three bedrooms and has a median fo $3,993,000.

Waratah Place

Located in Dalkeith, homes here have a median land size of 903 square metres, building area of 297 square metres, four bedrooms, and a median house value of $3,925,000.

Top 100 most expensive streets in Perth full list

Methodology

Suburbtrends started by compiling a list of house price estimates for every street in Australia.

The company subsequently removed streets that did not have price estimates for at least five properties and where the median lot size was over 2,000 square metres.

Suburb trends said that to ensure the results were not swamped by select few suburbs, streets were allocated to areas (Statistical Area 4 SA4) and a maximum quota of 10 streets per SA4 area was applied.