Located in Point Piper, Sydney

Sydney

Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...

, Australia

Australia

Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

, Wolseley Road is the most expensive residential road/street in Australia and its status stands as Australia's ultimate address, with 16 of the top 100 most expensive houses in Sydney being located on this road.
Property writer Cindy Martin calculated in 2002 that the total value of the properties on the one-kilometre waterfront section of Wolseley Road was worth, in total, A$

Australian dollar

The Australian dollar is the currency of the Commonwealth of Australia, including Christmas Island, Cocos Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu...

720 million.
More recently, Andrew Banks' property on Wolseley Road has been made an offer of $50 million which has been declined.

Craig-y-Mor, a non-waterfront house on Wolseley Road and Australia's most expensive residential property, was sold in 2008 for $32.4 million. It was previously owned by Rene Rivkin

Rene Rivkin

Rene Rivkin was an Australian entrepreneur, investor, investment adviser, and stockbroker. He was a well-known stockbroker in Australia for many years until his death in 2005.-Early life:...

 who sold it to businessman Ben Tilley in 2004 for $16.15 million. The house has six bedrooms and a nine-car garage.

Many of Sydney's top businessmen, doctors, barristers and judges reside on Wolseley Road.

House Styles

Houses in Point Piper are designed according to the limited availability and price of land, as well as the physical nature of the location. Though only garages are visible from the street, houses dominate the landscape from the water, towering up to eight storeys high.