It is believed that television producers are searching wealthy areas of Sydney's eastern suburbs such as Vaucluse, Point Piper, Bondi and Dover Heights for potential stars of the rumoured new reality show.
According to The Daily Telegraph, ideal cast members would include media mogul James Packer's former model wife Erica, cricket WAG and Dancing with the Stars runner-up Haley Bracken, model and TV personality Michelle Walsh and Lisa Kelly - who is the girlfriend of former David Jones boss Mark McInnes.
However, it is thought that lesser-known cast members will probably be hired.
It is also rumoured that TV bosses may extend their search to the more affluent areas of Perth and the Gold Coast.
The US version of Real Housewives has made stars of women including NeNe Leakes, Bethenny Frankel and LuAnn de Lesseps.
Real Housewives of Atlanta star Kim Zolciak recently landed her own spin-off show called Don't Be Tardy for the Wedding, which will follow her preparation for her upcoming nuptials to Kroy Biermann.
She said: "I am so excited to give an up-close and personal look at the next chapter in my life. My life has turned into a true Cinderella story and to watch the pieces unfold is going to be great! I can't wait to share with all of you!"
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