Ray White senior data analyst Atom Go Tian says Sydney’s elite postcodes are pulling further ahead, with Bellevue Hill dominating the nation’s most expensive streets in 2025.
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Sydney has cemented its status as the nation’s luxury capital, with Kambala Road in Bellevue Hill being Australia’s most expensive street this year, posting a median house price of $39.35 million.
And, according to Ray White senior data analyst Atom Go Tian, last year’s leader, Wolseley Road, was excluded from this year’s rankings due to limited sales.
“Wolseley Road recorded only three sales this year and was therefore excluded from the rankings, though its $51.5 million median would have otherwise retained the top position,” he says.
Bellevue Hill continues its dominance, accounting for six of the nation’s top 10 streets. Tian says the suburb’s appeal lies in its rare blend of location and lifestyle advantages.
“The suburb’s enduring appeal lies in its rare combination of proximity to both the CBD and multiple beaches, harbour views, and large estate-sized blocks on tree-lined streets.”
Vaucluse remains a powerhouse in its own right. “Vaucluse extends this harbourside premium with even more direct beach access and panoramic water views,” he says.
The gulf between Sydney and the rest of the country remains striking.
According to Tian, “Sydney’s most expensive streets are more than five times more expensive than the leading streets in Perth and Brisbane, and more than 10 times the premium streets in Canberra and Adelaide.”
He attributes this to Sydney’s economic role and geographic constraints, describing it as “Australia’s financial capital and its most internationally connected city.”
Beyond Sydney, each capital city has developed its own luxury hierarchy. Tian highlights Melbourne’s stronghold in Toorak, noting that “Melbourne’s luxury market remains centred around Toorak, led by Clendon Road, St Georges Road and Linlithgow Road.”
Brisbane’s prestige pockets are more dispersed: “Brisbane’s luxury real estate shows a more diverse pattern,” he says, led by Laidlaw Parade at $6.5 million. Perth’s top-end market remains anchored in the Peppermint Grove–Dalkeith corridor, with Forrest Street at $7.5 million.
He also points to the stark contrast at the lower end of the spectrum. “Darwin presents a mirror image, hosting all 10 of the country’s cheapest streets,” Tian says. Austin Street in Southport sits at just $117,500.
The national spread reaches its extreme in New South Wales. “Sydney emerges as the most polarised market, spanning an extraordinary range from Railway Parade in Katoomba at $385,000 to Kambala Road’s $39.35 million,” Tian says.
Methodology: Tian’s analysis examines residential house sales between November 2022 and November 2025, with only streets recording at least five sales included. Several streets with higher medians, including Black Street, Queens Avenue and Clairvaux Road in Vaucluse, were excluded because they did not meet the sales threshold.
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Jenna and Michael Morton’s Summerlin home has a 60-foot outdoor slide, a DJ booth and a wine room that holds hundreds of bottles.
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Jenna and Michael Morton have created some of the best-known nightclubs and restaurants in Las Vegas.
But when building a home in the area for their family, they veered away from the glitzy excess of the Strip in favour of a calming, desert retreat.
That’s not to say entertainment was an afterthought: The roughly 2-acre property in the Summerlin neighbourhood has a 60-foot outdoor slide and a DJ booth.
“We are in Las Vegas,” Jenna said. “It’s part of what we do in this town. We do fun.”
Now, after about 20 years of fun, the Mortons’ three children are out of the house, and they are listing the home for $19.5 million.
Michael is a son of Chicago restaurateur Arnie Morton, who founded Morton’s The Steakhouse, which has more than 50 locations nationwide.
His brother Peter Morton co-founded the Hard Rock Cafe, and Michael and Jenna operate restaurants including Crush at the MGM Grand and La Cave Wine and Food Hideaway at Wynn Resorts .
The couple paid $1.25 million for the vacant Summerlin site in 2003. At the time, they were living in Chicago but planning to move to Las Vegas to be closer to their work.
Located in the Ridges, a gated community about 15 minutes from the Strip, the property is at the end of a cul-de-sac abutting the Red Rock Canyon National Conservation Area.
“The first time we were there, there were wild burros behind us,” Michael said.
The single-story house spans about 9,400 square feet and curves toward the canyon for privacy and mountain views.
“The curve is an embrace of the mountains,” said Jenna during a video call as she walked outside, the vista framing her face.
In contrast to the over-the-top vibe of Las Vegas hotels and casinos, the couple’s aesthetic at home is what Jenna described as “Japan meets desert,” with clean lines and neutral colours.
The house has seven bedrooms; the primary bath has a soaking tub made out of a boulder.
A wine room has colour-changing Lucite pegs that hold hundreds of bottles. A separate, roughly 530-square-foot guesthouse has a roof deck.
The property is mostly flat, with the exception of a sloped section where the Mortons built the tiled slide, which drops into the pool.
“I looked at it and said, ‘There will be a slide on that hill,’” Michael recalled. It isn’t just children who have enjoyed it—he and Jenna and many of their friends have taken a turn. “A lot of adults hit that slide,” he said.
The Mortons said they entertained frequently, from fundraisers to a birthday party where their son filled an outdoor trampoline with bubbles.
For Jenna’s 40th birthday, the couple hosted a 1960s-themed party that began with a 200-person sit-down dinner, followed by toasts and karaoke.
Michael enlisted the rock band Cheap Trick to make a surprise appearance during karaoke.
As Jenna took the microphone and started belting out their song “I Want You to Want Me,” the band began playing behind her. “We took the rods out of the reactor that night,” he said. undefined
Although selling is bittersweet, the Mortons said they want something smaller now that their children are grown.
The couple—he is 61, she is 59—have a second home in Manhattan Beach, Calif., and they plan to build a smaller house in Las Vegas.
The luxury market in Las Vegas has exploded over the past few years, said listing agent Kristen Routh-Silberman of Douglas Elliman.
There were 76 sales in the Las Vegas area above $10 million in 2025, up from 59 a year prior, she said. The record is held by a home at the Summit Club that traded for $35 million in 2024.
A recent building boom means inventory is finally catching up to demand, according to Routh-Silberman.
The spring market has started early this year, and there seems to be more activity thanks to demand from California and Washington transplants seeking tax advantages, she said.
