Point Piper is a small, harbourside eastern suburb of Sydney, in the state of New South Wales, Australia, 6 kilometres (4 mi) east of the Sydney CBD, in the local government area known as the Municipality of Woollahra. Point Piper has been historically regarded as Australia's most expensive suburb. In 2011, Wolseley Road was ranked as the ninth-most expensive street in the world, at $38,900 per square metre.