Point Piper, New South Wales
Sydney, New South Wales
Seven Shillings Beach
|Population||1,408 (2006 Census)|
|Location||6 km (4 mi) east of Sydney CBD|
|LGA(s)||Municipality of Woollahra|
Point Piper is a small, affluent harbourside eastern suburb of Sydney, in the state of New South Wales, Australia 6 kilometres (4 mi) east of the Sydney central business district, in the local government area known as the Municipality of Woollahra.
Point Piper is generally regarded as the most exclusive residential suburb in Australia. Wolseley Road, Point Piper, is currently ranked the 9th most expensive street in the world, at $38,900 per square metre.
The suburb of Point Piper sits on Sydney Harbour, beside the suburbs of Rose Bay, Bellevue Hill and Double Bay. The streets in Point Piper are: Buckhurst Avenue, Longworth Avenue, New South Head Road, Redvers Street, St. Mervyns Avenue Wolseley Road, Wolseley Crescent, Wingadal Place, Wentworth Place, Wentworth Street, Wunulla Road, Wyuna Road.
Point Piper was named after Captain John Piper (1773–1851). Piper was a Scottish-born military officer of Cornish parentage, who arrived in the colony in 1792 and built a neo-Palladian mansion on the point, on 190 acres (0.77 km2) of land granted by the governor in 1816. After a review of Piper's performance as head of the Customs Department showed that he had mismanaged funds (although he was not actually accused of being corrupt), Piper attempted to drown himself in Sydney Harbour. He subsequently sold his holdings at Point Piper, Rose Bay, Neutral Bay, and Petersham, for £5,000 and moved to the country.
In 1834, Piper's former residence was leased by Colonel John George Nathaniel Gibbes (1787-1873), the newly arrived Collector of Customs for New South Wales and a Crown appointee to the colony's Legislative Council. Colonel Gibbes and his family resided at Point Piper House (also known as Henrietta, or Naval, Villa) until 1844, when they moved to "Wotonga" on Kirribilli Point. Wotonga now forms part of Admiralty House. Unfortunately, Point Piper House was torn down in the 1850s and the site redeveloped.
Beaches and 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
- The Scots College rowing shed - off Wolseley Road
- Royal Motor Yacht Club - 21 Wunulla Road
- Royal Prince Edward Yacht Club
Point Piper is home to some of the most expensive and exclusive homes in Australia. There are only eleven streets in Point Piper; the main road is Wolseley Road. 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 1 km waterfront section of Wolseley Road was A$720 million.
John Symond's mansion on Wingadal Place, reportedly cost over $70M to build (excluding land), easily making it Australia's most expensive, privately owned residential home. In 2007, Altona, located in Wunulla Road and Australia's second most expensive house, was listed for more than A$50 million. It was sold in 2013 for a price thought to be more than $50 million, which was a Sydney record.
Craig-y-Mor is a non-waterfront house on Wolseley Road. Australia's second most expensive residential property, it was sold in 2008 for $32.4 million to the Chinese buyers Zeng Wei and Jiang Mei. It was previously owned by Rene Rivkin, who sold it to businessman Ben Tilley in 2004 for $16.15 million. The house has six bedrooms and a nine-car garage. The property was demolished in 2014 after the decision by the local municipality to deny this was overturned by a state judge.
Wolseley Road is the world's 9th most expensive residential street at up to $38,000 a square metre.
Point Piper is an affluent residential area, home to many prominent Australians including:
- Malcolm Turnbull, former Federal Opposition Leader and Member for Wentworth
- Frank Lowy - The Westfield Group founder and boss
- John Symond - Founder of Aussie Home Loans
- David Penn - Southern Cross Dental Laboratories founder, medical innovator and dentist
- Julia Ross - Recruitment executive, Ross Human Directions Ltd.
- Denis James O'Neil - Developer and former Olympian
- Jonathan Spicer - Architect and founder of the Pure Series Music events.
Notable former residents
- Bruce Jackson (deceased) - Audio engineer, lived in his youth at the mansion Altona
- James Haydon Leslie Arnott - CEO Arnott's Biscuits (deceased) William Arnott's eldest son lived in Wyuna Rd
- Rene Rivkin - Stockbroker (deceased)
- Sir Frank Renouf - New Zealand financier (deceased)
- Lachlan Murdoch - Elder son of media mogul, Rupert Murdoch
- Dr Frank Tidswell and his wife Edith lived at Deloraine next to Duff Reserve
- Financial News (2011-03-14). "The 10 Most Expensive Streets in the World". Business Insider.
- Gregory's Sydney Street Directory, Gregory's Publishing Company, 2007
- The Book of Sydney Suburbs, Compiled by Frances Pollen, Angus & Robertson Publishers, 1990, Published in Australia ISBN 0-207-14495-8, page 206
- Sydney Morning Herald, 2.5.13, p.3
- Cindy Martin (2002-12-24). "Extreme Sydney, Wealthiest". The Sydney Morning Herald.
- SMH (2006). "Boom's glittering prize". The Sydney Morning Herald.
- SMH (2007-06-17). "Crowe eyes $50m home". Courier Mail.
- Sydney Morning Herald, 2.5.13, p.2
- A. Odysseus Patrick (2014-06-17). "For a century, the mansion sat above Sydney Harbor. Then China’s nouveau riche arrived.". The Washington Post.
- Jonathan Chancellor (2008-03-14). "$32m for Rivkin Point Piper pile". The Sydney Morning Herald.
- Refined Living (2007). "Point Piper". Refined Living.
- SMH (2007-06-26). "Really rich man claims to be poor, Matt O'Sullivan's a poor man who admits he's poor.". The Sydney Morning Herald.
- Jonathan Chancellor (2005-03-10). "Sale nets Murdochs a quick $2.2m". The Sydney Morning Herald.
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