Invest
75% value growth in 5 years: Can you guess where?
A 75 per cent increase in the median house price in one council area has landed it the title of Australia’s “best-performing property market” for the past five years.
75% value growth in 5 years: Can you guess where?
A 75 per cent increase in the median house price in one council area has landed it the title of Australia’s “best-performing property market” for the past five years.
Hobart’s municipality of Brighton has been crowned best in the country in the five years to December 2019, according to analysis from Propertyology.
For Propertyology’s head of research, Simon Pressley, the analysis is “yet another piece of compelling evidence that confirms population growth is far from the biggest influence on property market performance”.
It’s population grew by just 9.2 per cent over the same period.
Not only does it bust the population myth, but also defies the commonly held belief that “capital cities are better performers than non-capitals”, Mr Pressley said.
With respect to improving property prices, it beat out two other Tasmanian localities for the top spot – Hobart City was the runner-up, recording median house price value growth of 62 per cent.
The island state also saw a strong performance from Glenorchy, which saw a 58 per cent increase to its median house price.
Looking more broadly across the nation, strong performances were seen in regional Victoria’s Hepburn and Alpine, which saw 60 per cent increases to their own median house prices.
Not far behind was Melbourne’s Brimbank and Sydney’s Mosman – where a 57 per cent increase in each area’s median house price occurred over the same period.
He pointed to strong house price performances from regional municipalities including Mitchell (Vic), Snowy Monaro (NSW), Wingecarribee (NSW), Lithgow (NSW), Noosa (Qld), Kempsey (NSW), Byron (NSW), George Town (Tas) and Shoalhaven (NSW), where median house price growth between 45 and 51 per cent was recorded.
But again, these markets have defied a requirement for population growth.
“In most cases, their respective population growth rates were below the 7.9 percent five-year national average,” Mr Pressley stated.
On the other end of the spectrum, the researcher revealed that out of more than 500 city councils all over Australia, the Western Australian municipality of Serpentine-Jarrahdale had the third highest population growth rate (37.5 percent) over the last five years – more than quadruple the national average.
But in that region, the median house price saw a 21 per cent decline in property prices over the same period.
RELATED ARTICLES
About the author
About the author
Property
Young buyers poised for a comeback as 5% First Home Guarantee takes effect
In a move set to reshape the Australian property landscape, the government’s revamped First Home Guarantee is poised to open the doors of homeownership to a new generation of young AustraliansRead more
Property
AFG Securities waives settlement fees for first-home buyers, signalling strategic shift
In a strategic move aimed at easing the financial burden on first-home buyers, AFG Securities has announced the elimination of settlement fees on select loans, potentially saving customers up to $699Read more
Property
From trust woes to wealth: Australian agencies' secret to boosting prices
In Australia’s residential market, trust is no longer a nice-to-have—it’s a pricing variable. Persistent distrust of real estate agents is depressing vendor outcomes and inviting regulatory heat, but ...Read more
Property
Reality check for first home buyers: Affordable suburbs with 5% deposit
In a significant development for Australian first home buyers, a new property search tool from Aussie Home Loans is set to transform the way prospective homeowners approach the market. As the Federal ...Read more
Property
Trust as a performance multiplier in Australia's real estate market
In Australia’s A$10–11 trillion housing market, trust is emerging as a crucial factor that sellers and agencies can no longer afford to overlook. Traditionally viewed as a soft metric, trust is now ...Read more
Property
LJ Hooker Lake Macquarie makes a splash with Belmont buy as real estate consolidation looms
LJ Hooker Lake Macquarie’s acquisition of the Belmont office, including its rent roll, is less about shopfronts and more about balance‑sheet resilience. In a market where listings ebb and flow with ...Read more
Property
Twice the demand: the case study behind Melbourne’s first‑home buyer surge
Melbourne has quietly engineered one of Australia’s most consequential housing turnarounds, with first‑home buyer demand running at roughly double the national pace and four of the top five buyer ...Read more
Property
First‑home buyers now anchor Australia’s mortgage growth — but the risk maths is changing
Great Southern Bank’s revelation that nearly one in three of its new mortgages went to first‑home buyers is not an outlier. It is the leading edge of a broader market realignment powered by government ...Read more
Property
Young buyers poised for a comeback as 5% First Home Guarantee takes effect
In a move set to reshape the Australian property landscape, the government’s revamped First Home Guarantee is poised to open the doors of homeownership to a new generation of young AustraliansRead more
Property
AFG Securities waives settlement fees for first-home buyers, signalling strategic shift
In a strategic move aimed at easing the financial burden on first-home buyers, AFG Securities has announced the elimination of settlement fees on select loans, potentially saving customers up to $699Read more
Property
From trust woes to wealth: Australian agencies' secret to boosting prices
In Australia’s residential market, trust is no longer a nice-to-have—it’s a pricing variable. Persistent distrust of real estate agents is depressing vendor outcomes and inviting regulatory heat, but ...Read more
Property
Reality check for first home buyers: Affordable suburbs with 5% deposit
In a significant development for Australian first home buyers, a new property search tool from Aussie Home Loans is set to transform the way prospective homeowners approach the market. As the Federal ...Read more
Property
Trust as a performance multiplier in Australia's real estate market
In Australia’s A$10–11 trillion housing market, trust is emerging as a crucial factor that sellers and agencies can no longer afford to overlook. Traditionally viewed as a soft metric, trust is now ...Read more
Property
LJ Hooker Lake Macquarie makes a splash with Belmont buy as real estate consolidation looms
LJ Hooker Lake Macquarie’s acquisition of the Belmont office, including its rent roll, is less about shopfronts and more about balance‑sheet resilience. In a market where listings ebb and flow with ...Read more
Property
Twice the demand: the case study behind Melbourne’s first‑home buyer surge
Melbourne has quietly engineered one of Australia’s most consequential housing turnarounds, with first‑home buyer demand running at roughly double the national pace and four of the top five buyer ...Read more
Property
First‑home buyers now anchor Australia’s mortgage growth — but the risk maths is changing
Great Southern Bank’s revelation that nearly one in three of its new mortgages went to first‑home buyers is not an outlier. It is the leading edge of a broader market realignment powered by government ...Read more
