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Sydney dominates property rich list

Three of Australia’s most expensive 25 suburbs are in Western Australia, but if you're after bragging rights over how expensive your home is, Sydney is the place to be.

Melbourne is the only other major city that features as magnets for the very wealthy but it and Perth are a distant second and third behind the harbour city.

Sydney has 19 of Australia's most expensive 25 suburbs, according to the RP Data Property Pulse released this morning.

Perth has three (Peppermint Grove, Dalkeith and Orange Grove), Melbourne two and Eagle Bay in the Margaret River region also gets a top 25 ranking.

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