Inside Australia’s ‘golden’ neighbourhoods where scarcity sparks bidding wars

Golden triangles, golden miles, golden grids — Australia's most coveted micro-markets still spark buyer frenzy, even as their once-strict boundaries start to blur.Every city has one. A pocket — sometimes a suburb, sometimes just a handful of streets — that's struck real estate gold and been branded accordingly.A select few pockets across the country have received 'golden' status, where buyers can wait years for the opportunity to buy in. Picture: realestate.com.auSydney has three: Alexandria's 'Golden Triangle', near the old Eveleigh railway yards, where converted warehouses and Victorian terraces line quiet, wide streets; a second 'Golden Triangle' through the leafy, prestige-school belt of Pymble, Wahroonga and East Killara; and Strathfield's 'Golden Mile', where mansions sit beneath established trees.Melbourne has two 'Golden Miles': Brighton's bayside strip fenced by St Kilda Street, Head Street and the Brighton Yacht Club, and Canterbury's, a tighter run between Canterbury Road and Mont Albert Road, earning its name through big blocks, big homes and elite schools.Perth's 'Golden Triangle' encompasses Dalkeith, Cottesloe, Peppermint Grove, Mosman Park and City Beach — prime gro...