Although the harbourside suburb of Point Piper (a prime area) does not have a commercial area and there are few public facilities and amenities, it has the most expensive homes in Australia. In 2002 it was estimated that the total value of real estate along the 1-kilometre section of Wolseley Road, Sydney’s most exclusive street, is $720 million. The mansions here enjoy the best harbour views.
Properties in Point Piper mark different periods of Australia’s history. Styles range from Victorian and Edwardian to Federation and Art Deco, from solid 1950s to funky 1960s designs. There are also a few contemporary apartment buildings.