Point Piper, New South Wales
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| Point Piper Sydney, New South Wales |
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| Postcode: | 2027 | ||||||||||||
| Property Value: | AUD $12,000,000 (2005) | ||||||||||||
| Location: | 6 km from Sydney CBD | ||||||||||||
| LGA: | Municipality of Woollahra | ||||||||||||
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Point Piper is a small harbourside, eastern suburb of Sydney, in the state of New South Wales, Australia. Point Piper is 6km east of the Sydney central business district, in the local government area of the Municipality of Woollahra. The postcode is 2027.
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[edit] Location
The suburb of Point Piper is located on Sydney Harbour, beside the suburbs of Rose Bay, Bellevue Hill and Double Bay.
Point Piper is arguably the most lucrative suburb in Australia, home to some of the most expensive and exclusive homes in Australia. There are only eleven streets in Point Piper. The main road running through Point Piper is 'Wolseley Road'; its status stands as Australia's ultimate address. Today 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 1km waterfront section of Wolseley Road was worth, in total, $720 million.[1]
The streets in Point Piper are: Buckhurst Avenue, Longworth Avenue, New South Head Road, Redvers Street, Wolseley Road, Wolseley Crescent, Wingadal Place, Wentworth Place, Wentworth Street, Wunulla Road, Wyuna Road.
[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 a review of his position showed that he had mismanaged funds (although was not accused of being corrupt), he attempted to drown himself in the harbour. He subsequently sold his holdings at Point Piper, Rose Bay, Neutral Bay and Petersham for £5,000. His magnificent home was unfortunately destroyed in the 1850's.
In 2002, an Australian record price was achieved for a residential property when Altona, at 54-56 Wunulla Road, sold for $28 million.[2]
[edit] Neighbourhood
The area is very affluent; it is almost impossible to find anything for less than $1M, even a tiny, unrenovated flat, with no views. Prices for apartments usually begin at $3M, often surpassing the $10M mark, whereas houses in the suburb sell for $10M to $30M. John Symond's mega mansion on Wingadal Place, reportedly cost over $70M to build (excluding land), easily making it Australia's most expensive privately owned residential home.[3]
[edit] Notable 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
- Andrew Banks - Former owner of recruitment firm Morgan and Banks
[edit] Notable Former/Temporary residents
- Kate Bosworth - Actor (stayed at 54-56 Wunulla Road while filming Superman Returns)
- Rene Rivkin - Stockbroker (deceased)
- Sir Frank "the bank" Renouf - New Zealand financier (deceased)
- Tom Cruise - Actor
- Nicole Kidman - Actor
- Liev Schreiber - Actor
[edit] Amenities
Point Piper has few amenities and next to no public facilities; not even a corner shop or bus stop. However, this suits many of its residents who "often order in from their favourite shops and providores venturing out more for social pursuits."[4] Most of the amenities are in nearby suburbs such as Rose and Double Bay, the few amenities that are available in Point Piper are rarely used by its residents; their existence and access points are unknown to most passersby.
Beaches & Reserves
- Duff Reserve - off Wolseley Road, deep water point, popular for weddings and picnics
- Lady Martin's Beach - off Wunulla Road
- Seven Shillings Beach - off New South Head Road
- Redleaf Pool - off New South Head Road, on Seven Shillings Beach
Clubs
- Scots College rowing shed - off Wolseley Road, next to John Symond's house
- Royal Motor Yacht Club - 21 Wunulla Road - used for the reception of Keith Urban and Nicole Kidman's wedding
- Royal Prince Edward Yacht Club -
Cafes & Shops
- Double Bay - 5-10 minute walk
- Rose Bay - 5-10 minute walk
[edit] References
- The Book of Sydney Suburbs, Compiled by Frances Pollen, Angus & Robertson Publishers, 1990, Published in Australia ISBN 0-207-14495-8
- ^ Cindy Martin (2002). "Extreme Sydney, Wealthiest". SMH.
- ^ Jonathan Chancellor (2002). "Sydney's most expensive real estate". SMH.
- ^ SMH (2006). "Boom's glittering prize". SMH.
- ^ Richardson & Wrench (unknown). "Suburb Profiles, Suburb Profile for Point Piper". Richardson & Wrench.
[edit] External links
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- 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 |
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Bellevue Hill | Darling Point | Double Bay | Edgecliff | Paddington | Point Piper | Rose Bay | Vaucluse | Watsons Bay | Woollahra |
| List of Sydney suburbs |
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