Point Piper

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  • Suburb:Point Piper
  • Postcode:2027
  • Local Council:
Point Piper is a small, affluent harbourside eastern suburb of Sydney, in the state of New South Wales, Australia 6 kilometres east of the Sydney central business district, in the local government area known as the Municipality of Woollahra.
Point Piper is generally regarded as the most exclusive residential suburb in Australia. Wolseley Road, Point Piper, is currently ranked the 9th most expensive street in the world, at $38,900 per square metre.

The suburb of Point Piper sits on Sydney Harbour, beside the suburbs of Rose Bay, Bellevue Hill and Double Bay.

Point Piper was named after Captain John Piper (1773–1851). Piper was a Scottish-born military officer of Cornishparentage, who arrived in the colony in 1792 and built a neo-Palladian mansion on the point, on 190 acres of land granted by the governor in 1816. After a review of Piper's performance as head of the Customs Department showed that he had mismanaged funds (although he was not actually accused of being corrupt), Piper attempted to drown himself in Sydney Harbour. He subsequently sold his holdings at Point Piper, Rose Bay, Neutral Bay, and Petersham, for £5,000 and moved to the country.

Point Piper is home to some of the most expensive and exclusive homes in Australia. There are only eleven streets in Point Piper; the main road is Wolseley Road. The price per sqm of real estate in Point Piper is one of the most expensive in the world; property writer Cindy Martin calculated in 2002 that the total value of the properties on the 1 km waterfront section of Wolseley Road was $720 million.
John Symond's mansion on Wingadal Place, reportedly cost over $70M to build (excluding land), easily making it Australia's most expensive, privately owned residential home. In 2007, Altona, located in Wunulla Road and Australia's second most expensive house, was listed for more than $50 million. It was sold in 2013 for a price thought to be more than $50 million, which was a Sydney record.