Property prices Australia: Sydney suburbs where housing prices don't drop below $3.9 million – 9News

Property prices continue their march upwards around Australia.
New data from Domain shows housing values increased for a fifth consecutive quarter as of March, driven by low supply, high construction costs, and strong population growth.
Sydney remains the epicentre of ballooning property prices. In fact, in the 10 most expensive suburbs of the city, median prices barely drop below $4 million.
Here's where those suburbs are, in case you have a whole lot of cash burning a hole in your pocket.
Prices in Hunters Hill dropped 7.7 per cent in the past year, but still maintained a median house price of $3.9 million.
Woollahra, home to the beloved Woollahra Hotel (pictured), also saw prices drop in the past year, by 11.4 per cent.
House prices held a median of $4.15 million.
In Manly, prices rose 11.1 per cent in the past year to an average of $4,193,750.
Prices also rose in North Bondi, by 8.9 per cent, to a $4,657,500 average.
In Rose Bay, the median price dropped by 10.4 per cent to $4.75 million.
In Mosman, prices lifted 8.6 per cent to $5.125 million.
Barangaroo prices stayed steady at a $5.225 million median.
An interesting wrinkle here, however, is that Barangaroo's multi-million-dollar average was calculated for unit prices, not houses, as opposed to every other suburb in the top 10.
Prices were also steady in Bronte at a $5.55 million median.
Prices fell slightly in Vaucluse, by 2.2 per cent, but still sat at an average of $8.475 million.
And say hello to Sydney's most expensive suburb to own in, Bellevue Hill.
In the past year, prices there rose 9.6 per cent to reach a staggering median of $9.75 million.

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