Point Piper, New South Wales

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Point Piper
Sydney, New South Wales

Postcode:

2027

Property Value:

AUD $12,000,000 (2005)

Location:

6 km from Sydney

LGA:

Municipality of Woollahra

Suburbs around Point Piper

Darling Point	Point Piper	Double Bay

Point Piper is a small harbourside, eastern suburb of Sydney, in the state of New South Wales, Australia. Point Piper is arguably the most lucrative suburb in Australia, home to the most expensive and exclusive homes in Australia. The main road running through Point Piper is 'Wolseley Road,' its status stands as Australia's ultimate address.

1 Location
2 Residents
3 Former/Temporary residents
4 History
5 Amenities
6 Notes and references
7 External links

[edit] Location

Point Piper is located on Sydney Harbour, beside the suburbs of Rose Bay, Bellevue Hill and Double Bay. Point Piper is 6km east of the Sydney central business district, in the local government area of the Municipality of Woollahra. There are only 10 streets in Point Piper. The postcode is 2027. Property writer Cindy Martin calculated in 2002 that the total value of the properties on the 1km waterfront section of Wolseley road was worth in total $720 million.

Streets:
Buckhurst Avenue
Longworth Avenue
New South Head Road
Redvers Street
Wolseley Road/Crescent
Wingadal Place
Wentworth Place/Street/
Wunulla Road
Wyuna Road
Wentworth Street

[edit] Residents

Point Piper is an affluent residential area, which is home to many prominent Australians including:

Malcolm Turnbull, The Hon - Federal politician and member for Wentworth; estimated worth: $125 million
Frank Lowy - The Westfield Group founder and boss
John Symond - Founder of Aussie Home Loans
Julia Ross - Recruitment executive, Ross Human Directions Ltd.
Bruce McWilliam - Seven Network executive
Brian White - Chairman of Ray White realty

[edit] Former/Temporary residents

Kate Bosworth - Actor (stayed at 54-56 Wunulla Road while filming Superman Returns)
Rene Rifkin - Stockbroker (deceased)
Sir Frank "the bank" Renouf - New Zealand financier (deceased)
Tom Cruise - Actor
Nicole Kidman - Actor
Liev Schreiber - Actor

[edit] History

Point Piper was named after Captain John Piper (1773-1851), a Scottish-born military officer, who arrived in the colony in 1792 and built his mansion here on 190 acres of land granted in 1816. After becoming corrupt and attempting to drown himself he sold his holdings at Point Piper, Rose Bay, Neutral Bay and Petersham for £5,000.

In 2002, an Australian record price was achieved for a residential property when Altona, at 54-56 Wunulla Road, sold for $28 million.

[edit] Amenities

Duff reserve -
Off Wolseley Road, deep water point, popular for weddings and picnics.
Lady Martin's Beach -
Off Wunulla Road
Seven Shillings Beach and Redleaf Pool -
Off New South Head Road
Royal Motor Yacht Club -
21 Wunulla Road - Recently used for the reception of Keith Urban and Nicole Kidman's wedding.

[edit] Notes and references

Chancellor, Jonathan . Sydney's most expensive real estate. April 27 2002. SMH. . <http://www.smh.com.au/articles/2002/05/29/1022569789322.html>.

[edit] External links

Coordinates: -33.87045° 151.25097°

Maps and aerial photos
- Street map from Street Directory, MSN Maps and Multimap.
- Satellite image from Google Maps, WikiMapia and Terraserver.

Suburbs and localities within the Municipality of Woollahra \| Eastern Suburbs \| Sydney
Bellevue Hill \| Darling Point \| Double Bay \| Edgecliff \| Paddington \| Point Piper \| Rose Bay \| Vaucluse \| Watsons Bay \| Woollahra
List of Sydney suburbs