Top 5 most expensive Sydney suburbs (within 10km of the CBD)

Sydney is one of the world’s most expensive rental cities. Even if you’re living in a share house, your rent is not immune to burning a hole in your pocket. But for the lucky few among us with cash to splash, these five suburbs could be for you.

Share house living is a popular choice for those who want to save, or who might not have enough money to rent by themselves. But even with a room in a share house, Sydney’s most expensive share suburbs are well over an average of $350 per week for a private room.

Flatmates.com.au has run new data on suburb rental prices. Over the coming weeks we’ll be bringing you articles on the cheapest and most expensive suburbs to rent a private room in a share house in each capital city. If you’re a Sydney kid, check out the five most expensive share suburbs within 10km of Sydney’s CBD below.

MILSONS POINT

Distance: 3km from the CBD
Rent average: $440/week private room

Hustlers, this one’s for you.

If you want a room in an upmarket north shore enclave, Milsons Point will set you back a princely average of $440 per week.

But for that kind of money, you don’t miss out on much.

At the foot of the Sydney Harbour Bridge, the suburb has views that tourists cough up billions to see every year, not to mention prime location for NYE fireworks, Sydney Vivid and the Sydney to Hobart yacht race. You’re only minutes away from the CBD, with Milsons Point the final stop before Circular Quay on a number of ferry routes.

Luna Park, the North Sydney Olympic Pool and Kirribilli Markets are on your doorstep and the suburb has a Walkscore of 91/100, meaning almost everything you’ll ever need is accessible on foot. Milsons Point is worth the pennies if you have them to burn.

MILLERS POINT

Distance: 1.4km from the CBD
Rent average: $400/week private room

Across the Sydney Harbour Bridge from Milsons Point and you’ll find yourself in the city’s next most expensive locale, Millers Point (we’re sensing a theme here).

Again, you’re paying a premium for those harbour views and for the close access to the CBD, which is only a few minutes’ walk away.

Home to the Sydney Observatory and a short distance from The Rocks, the area is also undergoing a substantial regeneration through the Barangaroo development, which will soon see thousands of new residents and workers calling the area home.

Things to consider: if you’re working in the CBD, you’ll be saving a lot on transport costs due to it’s proximity to everything, and you might be able to skip the gym fees as you can take advantage of the daily walk to and from work.

HAYMARKET

Distance: 1km from the CBD
Rent average: $380/week private room

Though technically not a part of Sydney’s CBD, it’s not a stretch to classify Haymarket as the heart of the city.

Home to Central Station and ranked as the city’s most walkable suburb, many residents eschew cars, quite simply because they never need one.

Here you’ll find Sydney’s cultural heartbeat in Chinatown. Despite the delicious steaming dumplings, many renters choose Haymarket for its proximity to the University of Technology Sydney.

Multi-level shopping centre Market City has all your retail needs covered, while the rest of the city’s attractions are all accessible within minutes.

With consistently more than 100 listings on Flatmates.com.au, Haymarket also presents a wide range of choices for share house seekers.

DARLING POINT - $380/WEEK

Distance: 3.7km from the CBD
Rent average: $380/week private room

Nothing comes cheap darling.

Tourists visit Sydney to witness its waterfront and that same lure applies to share houses too.

A hop and a skip to the east of the CBD, Darling Point has a long-held reputation as one of the most prestigious residential destinations in Australia – hence the $380 per week average price tag for a room here.

Well serviced by ferries and the nearby Edgecliff Train Station, it’s ultra-convenient but also retains a seaside vibe, courtesy of Double Bay Beach and neighbouring Point Piper.

ZETLAND - $375/WEEK

Distance: 5km from the CBD
Rent average: $375/week private room

Traditionally an industrial area but rapidly gentrifying in recent years, Zetland doesn’t quite have the same reputation as the more renowned suburbs it’s wedged between – Waterloo, Kensington and Alexandria.

But make no mistake, it’s got everything you need, including a wealth of choice for renters with well over 100 rooms generally available on our site.

Close to public transport and with East Village Shopping Centre and and a Woolies within the suburb parameters, you’re well-served for everyday retail. Zetland is becoming more popular with international students and young professionals, which is helping the suburb to develop as an upmarket, multicultural hub.

If you have money to spend and a lifestyle to uphold, then by all means, hit up one of these suburbs. But if you’re looking to save a bit of cash for that overseas holiday, new car, Cavoodle pup etc, then check out our cheapest Sydney suburbs within 10km of the CBD.