Sydney’s Margaret Restaurant serves the third best steak in the world, according to judges from the acclaimed The best steaks in the world ready for 2024.
Margaret, named after chef Neil Perry’s late mother, commands a handsome corner with elegant glass windows in Sydney’s luxurious enclave of Double Bay.
The warm, sumptuous interiors are an inviting precursor to Australia’s modern and impeccable produce-based fine dining, where steak prices range from $59 to $250.
Margaret’s 1kg grass-fed, wood-fired 36-month CopperTree Hereford Ribeye, served with a simple slice of lemon and grilled to your liking, has won praise from hundreds.
“We had this a couple of weeks ago and I have to say it was the best steak I’ve ever had in my life,” raved one happy diner.
Margaret’s Grass-Fed, Wood-Cooked 36-Month CopperTree 1kg Ribeye Hereford is $250
Australian chef Neil Perry has been at the forefront of Australian gastronomy for almost three decades.
Tender, rich, and full of flavor thanks to the fat, bones, and fragrant smoke from the wood fire, this steak deserves to be called one of the best in the world.
Those who prefer Australian wagyu to grass-fed rib eye can serve it with a choice of dreamy béarnaise, anchovy butter, spicy chimichurri or tarragon sauce.
One lucky diner who tried Margaret’s steak said: “My goodness, there aren’t enough superlatives to describe today’s lunch experience.”
The number one winner for the best steak in the world went to Parrilla Don Juilio of Buenos Aires in Argentina
The second best steak in the world went to the Spanish winery El Capricho
The number one winner for best steak in the world went to Parrilla Don Juilio of Buenos Aires in Argentina, and second place went to Bodega El Capricho of Spain.
Grass-fed beef means the cows are fed a natural diet of grass.
Wagyu beef, which originates in Japan and involves certain methods of feeding, breeding and fattening, traditionally comes from a grain-fed cow and can have a more intense flavor compared to grass-fed beef.
Margaret’s menu goes far beyond beef, with a variety of dazzling dishes including freshly shucked oysters, an elegant and exotic Ben’s Coral Trout with XO Butter, and a rich, creamy brown Swiss pie, oysters and mushrooms with Jerusalem artichoke puree that is a dream main for vegetarians or anyone.
Ben’s Coral Trout in XO Butter in Margaret
2024 Good Food Guide Restaurant of the Year Award Winner
Memorable meat sides include deep-flavored cauliflower and gruyère gratin and crispy, creamy twice-cooked Wetworth potatoes.
Desserts include Sam and Neil’s wedding cake (a creamy, boozy marriage of bourbon, sponge cake and meringue), a rhubarb pavlova, banoffee pie and an ethereal custard with Malfroy’s Gold Blue Mountains honey.
Wine and cocktails are what you’d expect in such an exclusive venue, with an all-ages negroni a crowd favorite.
60 Month Friesian Steak with Red Curry Butter and Roasted Shallots, Steak Special at Margaret
While some have said that the main dining room can be a bit crowded and noisy, there is more relaxed outdoor seating that allows diners to enjoy people-watching and the frequent passing sports cars.
‘Margaret is not just a restaurant; It’s an experience. With Neil Perry’s personal touch, humility, exquisite cuisine and impressive wine selection, it’s a place that leaves a lasting impression,” said one delighted diner.
Perry’s more casual sister restaurant, Next Door, is located right next to Margaret’s on Guilfoyle Avenue, with a slightly more casual atmosphere and snacks and drinks available all day.
Margaret is at 30-36 Bay St, Double Bay.
It is closed on Mondays and Tuesdays, open from 6 pm to 11 pm on Wednesdays, from 12 pm to 11 pm, from Thursday to Saturday and from 12 pm to 10 pm on Sundays.
Margaret has also been awarded Good Food Guide’s 2024 Restaurant of the Year award.