Australia's most prestigious suburbs revealed

The Australian suburbs with the highest number of sales in excess of $1 million have been revealed by PRDnationwide.

The NSW suburb of Mosman topped the list – recording a total of 192 sales in excess of the $1 million mark.

PRDnationwide research director Aaron Maskery said Mosman remains one of Australia’s most prestigious suburbs, with 11 houses in Raglan Street and Cabramatta Road selling for $1 million-plus between April and September 2010.

“Overall, $461 million of premium housing changed hands in Mosman during that period,” Mr Maskery said.

The suburb of Brighton, south of Melbourne, came second with 127 sales over $1 million, followed by Double Bay in Sydney, which recorded 50 sales.

“The multi-million market is very attractive in Brighton and remains Victoria’s highest spend suburb with just over $283 million in premium property changing hands.”

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