Rachel Griffiths lists average $2.5 million Palm Beach cottage

The film types at Sydney's Palm Beach could soon be one fewer as artistic types are being regularly replaced by merchant banker millionaires.

Now Rachel Griffiths, the Melbourne based actor has placed her isolated Palm Beach home on the market.

Title Tattle recalls Rachel Griffiths bought her quaint two-bedroom cottage on Whale Beach Road for $735,000 in 1998 from the Lyons family. It was four years after her Muriel's Wedding film debut and around the time of Hilary and Jackie.

The 1950s sandstone cottage $735,000 price reflected the suburb's then average price. 

The average price at Palm Beach over the past 18 months has been $2,575,000. And Title Tattle gleans Griffiths, who possibly would like to buy back with her artist husband Andrew Taylor, is looking for around $2.5 million.

Built in the 1950's from local sandstone cut from the site, and refurbished in 2009 by architect Rob Brown, of Casey Brown Architects, the property is hidden by the Annie Wyatt Reserve, with access via Rockbath Road.

"This is one of Palm Beach's best kept secrets," LJ Hooker agent David Edwards says.