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SYDNEY (Reuters Life!) - Sydney's harbourside suburbs boast some of the country's most expensive properties -- and now there's a new suburb to add to the list.
Sitting on one of the most picturesque vantage points on Sydney Harbour, with views of the Sydney Opera House, is the new suburb of Kurraba Point.
The geographical Kurraba Point has always jutted into the harbour, but until now it has not been recognized as a suburb, merely a locality.
Kurraba Point is a small area comprising of 950 residences and its name derives from the Aboriginal name for the point of land on which it lies, between Neutral Bay and Shell Cove.
The Geographical Names Board agreed this week to the new suburb name after lobbying by a local government and residents.
"New suburbs are created from time to time due to reasons ranging from residential development to the desire to have a distinct identity, as in this case," New South Wales state Lands Minister Tony Kelly said in a statement.
Seven new suburbs have been created in Sydney since early 2009, including Sydney Olympic Park in western Sydney. (Reporting by Michael Perry; Editing by )