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Where are property prices growing the most?

Published: Friday, October 04, 2019

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Words by John McGrath

Sydney, Melbourne and Brisbane were still in a downturn for the first half of 2019, but you wouldn’t have known it in some suburbs where house prices actually grew strongly while the cities as a whole were in decline.

Buyers and home owners in Box Hill, in Sydney’s west; and Vaucluse, in the east, were seeing prices rise by more than 20% over FY19, while Sydney’s overall median declined by -10.8%.

It just goes to show how important local factors can be in market movements and in fact, there are many markets across the country. And not every suburb will move in line with citywide trends.

Here are the top 10 growth suburbs for house prices in the East Coast’s capital cities and regional areas in FY19, according to new data from CoreLogic.

Canberra (Median up 2.4% in FY19) 

  1. Holder up 16.4% to a median house price of $698,500
  2. Calwell up 14.4% to $629,000
  3. Latham up 12.2% to $595,000
  4. Theodore up 12% to $580,000
  5. Yarralumla up 11.9% to $1,570,000
  6. Conder up 11% to $605,000
  7. Duffy up 11% to $729,000
  8. Crace up 10.9% to $815,000
  9. Farrer up 10.2% to $907,500
  10. Spence up 9.1% to $625,000

Brisbane (Median down -2.5% in FY19)

  1. Chelmer up 21.8% to a median house price of $1,217,500
  2. Auchenflower up 19.4% to $1,277,500
  3. Wilston up 16.8% to $1,010,000
  4. Northgate up 16.2% to $732,000
  5. Balmoral up 15.8% to $1,100,000
  6. Karana Downs up 11.6% to $505,000
  7. Corinda up 10.7% to $825,000
  8. Deagon up 10.2% to $512,500
  9. Durack up 9.4% to $448,500
  10. Toowong up 9.0% to $890,500

Melbourne (Median down -11.8% in FY19)

  1. Clyde up 36.8% to a median house price of $526,500
  2. Koo Wee Rup up 14.6% to $530,250
  3. Whittlesea up 10.8% to $587,500
  4. Clyde North up 9.9% to $582,500
  5. Cairnlea up 6.7% to $760,000
  6. Middle Park up 4.3% to $2,705,000
  7. Pearcedale up 3.8% to $680,000
  8. Ascot Vale up 3.8% to $1,175,000
  9. The Basin up 3.1% to $670,000
  10. Officer up 3.0% to $550,000

Sydney (Median down -10.8% in FY19) 

  1. Box Hill up 26.6% to a median house price of $795,000
  2. Vaucluse up 22.7% to $6,225,000
  3. Collaroy up 14.6% to $2,750,000
  4. Cabramatta up 12.8% to $905,000
  5. Sans Souci up 10.1% to $1,560,000
  6. Summer Hill up 9.7% to $1,701,000
  7. Palm Beach up 7.9% to $3,183,500
  8. Rose Bay up 7.4% to $4,190,000
  9. Seaforth up 3.0% to $2,575,000
  10. Burwood up 2.9% to $845,000

Regional QLD (Median down -2.0% in FY19) 

  1. Blackwater up 73.5% to $147,500
  2. Wandal up 28.2% to $282,000
  3. Biggera Waters up 20.6% to $780,000
  4. Emerald up 18.5% to $320,000
  5. Jacobs Well up 18.1% to $568,500
  6. Moranbah up 17.6% to $220,000
  7. New Auckland up 15.7% to $320,000
  8. Mount Pleasant up 15.3% to $410,000
  9. Parrearra up 15.3% to $775,000
  10. Dayboro up 14.1% to $585,000

Regional VIC (Median down -0.8% in FY19)

  1. Mount Pleasant up 30.1% to a median house price of $370,000
  2. Terang up 26.9% to $219,500
  3. Brown Hill up 23.5% to $425,000
  4. Golden Point up 19% to $375,000
  5. Warburton up 17.5% to $517,500
  6. Wendouree up 16.8% to $327,000
  7. Irymple up 16.4% to $340,000
  8. St Leonards up 15.9% to $565,000
  9. Lake Wendouree up 15.8% to $741,000
  10. Drysdale up 15.8% to $529,000

Regional NSW (Median down -4.9% in FY19)

  1. Teralba up 30.3% to $430,000
  2. Temora up 22.8% to $275,000
  3. Cootamundra up 21.7% to $255,500
  4. Mulwala up 19% to $364,000
  5. Aberdare up 18.6% to $393,750
  6. Urunga up 17.4% to $540,000
  7. Holbrook up 17.4% to $192,500
  8. Tatton up 16.5% to $565,000
  9. Surf Beach up 16.4% to $501,250
  10. Coolamon up 14.8% to $298,500

Source: CoreLogic 12 months to June 30, 2019

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